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About Weekly chronicle & sentinel. (Augusta, Ga.) 1866-1877 | View Entire Issue (Oct. 8, 1873)
Old SERIES-VOL. LUX NEW SERIES VOL. XXXVII TERMS. TtlE DAILY CHRONICLE A SENTINEL, tb* oMopt newspaper in the South, is puhlhihed daily, eicept Monday. Term* : Per year, $1!) • six month*. $5 : three month#, $2 50. THF. TRI-WEERLY CHRONICLE A SENTI NEL is pnblished every Tuesday, Thursday and Saturday. Terms: One year, $5 six months, $2 50 THE WEEKLY CHRONICLE A SENTINEL is published every Wednesday. Term* : One year, $2 : six months, sl. HCBSCIIIPTIONS in all cases in advance, and no paper continued after the expiration of the time paid for. RATES OF ADVERTISING IN DAILY.—AII transient advertisements will be charged at : the rate of il per square for each insertion j for the first week. Advertisements in the j Tri-Weekly, two-thirds of the rates in the ; Daily ; and in the Weekly, one-half the > Daily rates. Marriage and Funeral Notices J $1 each. Special Notices, $1 per square for the first publication. Special rates will ! be made for advertisements running for a month or longer. REMITTANCES should be made by Post Office Money Order or Express. If this cannot be j done, protection against losses by mail may j he seemed by forwarding a draft payable ! to the Proprietors of the Chbosici.i ash ' Br.xmr.i., or by sending the money tn a j registered letter. Address WALSH A WRIGHT, Ciiiiqvici.k A HESTtwr.i.. Augusta, Ga. (Eljrontcte anb .Sentinel, WEDNESDAY. OCTOBER B,IBTB. MINOR TOPICS. Dispatches from Brownsville report a woeful condition of affaiiH along the Rio Grande. Peaceful inhabitants along the frontier are plundered and sometimes murdered by the Mexican brigands, who escape across the river and are not interfered with by she Mexican authorities. At least a dozen such crimes are reported as having been committed recently, and the intervention of the United States Government is asked. The Cincinnati (JornmercUil hits one of the wise men of Gotham a hard liok.as follows: “It was Ilonry Clews who, in his character of end nent financier, distrusted the practical quali ties of Horace Greeley, anil opposed his elec tion to the Presidency because there would he financial convulsions in case of Greeley's suc cess. Clews knew that the re-election of Grant would insure financial ability, notwithstand ing the occasional inclemency of the weather. The Washington correspondent of the Cin cinnati (hurtle says the liabilities of the First National Bank of Washington (owned mainly by Jay Oooke A Cos.) to depositors and to the national hanks is understood to be about $1,200,000. The old defalcatUn of Hunting ton, its former cashier, turns out to he between $70,000 and SBO,OOO. There is duo to the I’rca enry. besides, near SIOO,OOO in fractional cur rency, sent over a few dayH before the sus pension. The London house of Clews, Hambicht A Cos., which was a branch of Henry Clews A Cos., of New York, and failed also, was the ono through which the Treasury Dept rtment trans acted business with all foreign Ministers and Consuls in England and on the Continent. — Previously this business had always been transacted through the houso of Baring Broth ers, of London, but through favoritism Grant removed the funds, and now the Government is likely to lose by the operation. The King of Araucania, a rather remarkable personage, is going to visit England. His kingdom is in South America, and is nominally subject to Chili. It has a population of about 2,000,000 and is said to be in a high state of civilization. The King, who waH originally a French barrister, M De Tonrena by name, vis ited Araucania, about fifteen years ago, and soon after succeeded in having himself chosen King. He has assumed the imposing title of Orclie Antoine tlio First, and is described as amiable in disposition and modest in habits. Ho will visit England to solicit manufacturers to send their wares to his kingdom. Exempting church property from taxation is a question wdiich is receiving much attention from the people of the several States at this time. Tho constitutions of Alabama and Mis sissippi prohibit, in plain terms, tho exemption of church property from tho same rate of tax ation that is levied upon other property in the State. Alabama exempts that of educational and charitable corporations, however, while Mississippi allows no exemption except of the public property. In all the other Statos church property ib oicmpt from taxation. Efforts are Being made to have the conventions now in session to amend the constitutions of those States imposing a tax on church property. It is wondorfnl how anxious some people are to get up rows, and with what philosophic in difference they contemplate them when they are gotten up. Iu order to have another duel ing sensation, someone In Richmond, Virginia, lias been telegraphing over the country that Mosby and Hughes were certaintly going to Rave “an affair of honor;” that Mosby had called Hughes a liar ; that both were very plucky, and that the fight would be thrilling and sanguinary. It would uo doubt be more interesting to have an unpleasantuess of the kind between newspaper editors, but, in de fault of these, politicians will do. Hughes and Moshv disappointed the correspondent, howev er. and sailness clouds the young man's brow. The yellow fever continues violent at Shreve port. The destitution is said to be nearly as alarming as the pestileneo. Every one who can get away from the plague stricken city has fled. Os course, the markets are closed. Very few provisions come into the town. Almost all business is either languishing or suspended. Many of those who could have supported their families in ordinary times have been down with the fever. But little aid has hitherto reached the city. Il needs further help in its agonizing extremity sorely. Surely stocks and bonds, panics and failures, should not be allowed to •title the orv of distress that comes to ns. Even slight assistance would be welcome to the sorrowful and suffering people of Shreve port. New Orleans was thrilled some time ago with I with an assassination, which scut the cold i blood coursing all over. They called it the j “Yeager tragedy," and the crime is still envel oped in deep mystery. A few days ago a man ! w as seen stalking around the site of the Yeager j tragedy and finally climbed up on the railiug ] of the canal bridge, put a pistol to his heart, i tired, and fell into the canal. He was fished out dead and the circumstances excited the suspicion that he had been in some way con nected with the Yeager tragedy probably the murderer, who, unable to find peace after his damnable deed, had come to the same spot where lie had committed it to end his own life. The suicide was identified as John Mantuan, a grocery-keeper in New Orleans. He hail set tled up his affairs in a very regular manner, and made other preparations for his contem plated change of condition. t'aleraft. the English hangman, blundered after the custom of hangmen.at Liverpool, the other day. The rope which he provided broke when the drop was sprung, and the poor wretch who was to be publicly choked to death re mained alive ami able to speak for the eight minutes that elapsed between the first at tempt to hang him and the final and successful one. One of the mysteries of the age is the fatuity with which Governments cling to this brutal and inefficient means of punishment. Not only is it the rule, rather than the excep tion, that an accident converts the gibbet into a prolonged and ingenious instrument of tor lure. but the custom of hanging murderers is LUerely a waste of opportunities which might be turned to the benefit of science. So long as thO murderer is to be put to death, let him be rnad.v the subject of painless scientific ex periments. whereby his death may be made a positive be uefit to the w, rid in other ways than hv his mere removal from among the living. According to th e account* of correspondents with the expedition against the Ashantees. the British have met with an unpleasant reverse. It seems that, on the 13th of August, the Rattlesnake and Argus proceeded to Clarna Bay. An attempt was made to induce the King of C'alma to become an ally of the Eng lish; he refused actively to assist, but remarked that “ the Ashantees are on the other side of the river : when you come in. come close ou my side of the river." The next dav an expe dition was made up the river in two gigs in tow of a steam pinnacle. The boats kept on King (.'alma's side ; hut on rounding a sharp point they came suddenly face to face with over 1.000 natives, who instantly opened fire. The gigs were riddled with bullets. The boats returned to their ships, which bombarded and burnt the town. It had been determined to occupy the deserted Dutch fort of Clarna. The cutter of the lUttlesnake which was sent to do this capsized in the surf, but her crew reached shore in safety. They were, however, inter cepted by the enemy before they oould reach the fort, and were driven to the water : the survivors were obliged to swim to the hosts for •sfety. THE CANADA BUYERS. A company of Canadian bankers were astonished by Wall street tactics last i Thursday. They came to New York i with large amounts of ready money for the purpose of purchasing stocks de preciated by the panic. Finding the Stock Exchange closed, they commenced operations on the pavement, but the polioe dispersed them and they were forced into the street. Here they went vigorously to work, but only for a time. The brokers who held large quantities of the securities which were being sacrificed hired drays and furniture vans, the drivers of which were in structed to dash among the Canadian raiders and scatter them as often as possible. The tactics proved success ful, and the astonished Blue-noses were compelled to retire after effecting small purchases. THE GRANGES AND THE PANIC. One result of the present anomalous condition of financial affairs will be a great increase of strength to the Granges. The Grange movement bases itself on the declaration that the agricultural in terest, the one underlying all others in the United States, is, by a vicious mone tary system, made the sport and prey of unscrupulous monopolists. It is said that the crops are tossed about by all the iniquitous machinery of “ corners,” “ panics," “ lock-ups” and “ squeezes,” until the cunning manipulators of the money centres are able to secure and dispose of them on their own terms. Hence, in Burke’s language, those palaces which riso like exhalations ; those equipages which gleam like me teors, while the men of toil find them selves at the end of the harvest but lit tle better off than they were when the seed was put into the soil. It is not to be denied that the present posture of affairs seems to confirm this view. The heavy end of the pole is to all appearances foreordained to fall on the agricultural interests. So palpable is this that some have even supposed this wide extended suspension is merely a Wall street lock up of unparallel ed proportions, deliberately conceiv ed and in cold blood executed in order to enhance the value of money and depreciate the value of the great agricultural products. Two circumstances favor this view. In the first place, everybody is reported as hav ing plenty of money, only just now it is not exactly available. In the second place, this curious combination of plethora and stricture takes place just when the South and West are ready with crops. These financial phenomena are well known adjuncts of a “lock-up.” In order to manoeuvre one of these vile in ventions there must be first, a class anxious to sell a certain article and a class anxious to buy. Then the would be buyers hide away all the millionsthey can control, and by the scarcity of cur rency the value of currency appreciates, and the value of the desired article de preciates in exact proportion. If the would-be sellers refuse to be bullied into low prices, the would-be buyers in crease the magnitude of the lock-up by a squeeze. Loans are culled in and some scarecrow failures engineered. By these agencies the would-be sellers are ordinarily brought to terms. They dis pose of their crops, stocks or what not at tho figures prescribed to them, and immediately thereafter we behold a mi raculous ease in the money market, cou pled with a rapid rise in the value of the articles which have just been so cheaply bought. How far the circumstances of the existing stringency conform to the general feature of the "look up” as thus portrayed, we leave to the judgment of our readers. One thing is to our mind certain, that this financial explosion will not pass and be forgotten like its smaller predecessor. Political results of great magnitude and importance will follow. THE PANIC PREDICTED. Two days before the failure of Jay Cooke & Co.—the first of the row of financial bricks which toppled in the late crash—Mr. Henry Clews wrote a letter to the Secretary of the Treasury upon the thon situation 5h Wall street. In this letter Mr. Clews gave a graphic ac count of the trouble which was be ginning to be experienced and predicted tho most serious consequences unless something was done by the Administra tion to check the advance of the ap proaching panic. The Secretary was urged to put in circulation at onoe some portion of the large currency balance then lying idle in the Treasury. Ab Mr. Clews wns well aware of the condition of his own and other large banking houses and felt what was comming when Daniel Drew manipulated the failure of Kenyon, Cox & Cos. and the Canada Southern Railway, he cannot justly claim much credit as a prophet—his letter was more a confession than a phrophecy. But it cannot bo denied that he did call attention to the impend ing disaster and that he did suggest the only plan by which it could have been averted. It is a little significant that to this letter Mr. Richardson vouchsafed no reply. Although the writer was an acknowledged power iu the street and was considered a financier of such emi nent ability that he was strongly re commended for the position left vacant by the resignation of Mr. Bout well, though a prominent Republican and a zealous supporter of the Administration wing of his party,his communication was treated with contemptuous indifference. Taking into consideration this fact, to j gether with the other facts of the Presi dent’s extreme disinclination to relieve the pressure and his emphatic refusal to render assistance beyond a certain point, it is not at all improbable that the Ad ministration welcomed the panic as a possible means of solving the knotty financial question which at any day might have to be encountered. It has al ways been the opinion of the Executive that a storm would come before the finances of the country could be prop erly adjusted. In 1870, when Black Fri day was being planned, and while the ! President was enjoying the elegant hos pitalities of Mr. James Fisk, Jr., on one | of the steamboat palaces of the latter, he remarked to his entertainer that the “bubble had to be pricked some day, and the sooner it was done the better." ; No doubt General Grant imagined the , present a favorable opportunity for the ! pricking process which he so highly es i teemed, and henoe declined to extend the I assistance which Mr. Clews requested. It must be highly satisfactory to the victims of the panic all over the country the bankers who have been forced to suspend, the merchants unable to meet their maturing paper, the planters who find it impossible to market their cotton and corn—to know that the disaster has been caused by the desire of the Admin istration to experiment with a crash. F.Toqimvna Recognized. —The report er of a Nashville paper who, mentioning a vonng lady’s decease, touchingly al luded to her as “one of the brightest . jewels that ever glittered in the diadem of an earthly home; one of the purest stars that ever gleamed upon the front let of our social sky; one of the sweetest flowers that ever bloomed in the garden iof earliest association, ” has had his salary increased to four dollars a month, i ball cash and the balance in cordwood. A NEW METHOD OF RESUMPTION. Messrs. Howes A Maey and Henry Clews A Cos. propose to resume busi siness at once, if their depositors at a distant will consent to the following ar rangement : We now beg to announce that we Eropose to continue our business, as eretofore, by receiving special deposits in trust for new accounts, pledged only to payments drawn against such new accounts; and that we shall collect and realize upon our loans, securities, and other assets as fast as possible, and make payments pro rata as the same shall be realized on, until the entire amount shall be liquidated, interest being paid as heretofore.” THE POLICY OF THE BANKS. One of the leading Northern journals quotes approvingly an extract from Mr. Walter Bagehot’s book on the “Money Market,” containing the advice given by the author to bankers in time of panic. The instructions are that the banks should increase rather than diminish their dis counts when a panic commences. “No good security must be refused. Ad vances should be made on all good se curities, and as largely as the public ask for them." This policy, it is urged, will quiet alarm, restore confidence, and enable trade to go on as usual. The advice is no doubt good enough, but it does not seem easy to follow. If the banks have not currency enough to meet their depositors, how are they to make advances ? If tho money market is locked up, where are you to get currency from with which to open it? Like Mrs. Glass' recipe for cooking a hare, Mr. Bagehot’s recipe should have commenced with, “First catch your currency.” HENRY CLEWS & CO. SUSPENDED. The telegraph tells us that our old Georgia friends in the Bullock bonds have suspended. We told Clews to let alone these bonds. They brought Bul lock to grief. They put a quietus on the irrepressible Blodgett. They have floor ed sundry and divers folks. And now Henry goes down amid the crash. It is very sad. Many will weep. Bullock and Blodgett will weep in sympathy. Now let your tears bo shed. —Atlanta Consti tution. In view of the calamity that has be fallen its “old Georgia friends,” will the Constitution unite with us now in advis ing tho Georgia Legislature “to let alone these bonds ?” Or will it, at the pro per time, continue to stickle for “the equities,” and urge the recognition of those rascally bogus bonds which “have floored sundry and divers, folks.” It is too late now to save “Henry,” or to dry the tears of Bullock and Blodgett, but we may at least rescue the State from the utter ruin and bankruptcy in which these worthies aided by Clews, would have involved her. —Savannah News. FREE TRADE. In order to strengthen the nominee of the Cincinnati and Baltimore Conven ventions, the Free Trade issno was care fully ignored during the last Presiden tial campaign. Whether the policy then adopted by the opponents of the tariff was right or wrong it will hardly be pursued again. The West and the South are daily growing more bitterly opposed to protectiye legislation and more pronounced in the expression of their views. It will be taken into State politics this Autumn, and will soon be come one of the most important ques tions before the country. In the plat form recently adopted by the State Con vention of Democrats and Liberal Re publicans of Wisconsin we find the fol lowing : That we are opposed to tariff laws, because they diminish the sources of public revenue, increase Federal expen diture, tax labor for the exclusive benefit of aggregated capital and unequally ap portion the blessings and burdens of government. These laws have already cost Wisconsin millions for which it has received no adequate return, and we shall still hereafter insist upon equal protection and taxation for all classes of industry. THE NEW YORK ORGAN. The New York Times plumes itself upon being the organ of the Reformers and boasts of having, single-handed and alone, overthrown Corruption in the form of the Tammany Ring, which for so long a time ruled and robbed New York. But while the Times so vigorously as sailed Tweed, Sweeney et al., it rendered such material assistance to so many other corrupt combinations that the purity of its motives has been very seriously questioned. In fact, it has been roundly asserted that the Times only denounced those swindlers and rings which it was not paid to defend. For instance, it has rarely had the heart to attack a man who, notoriously un scrupulous and dishonest, has caused more trouble to the country than all the speculators of Wall street combined— Mr. Jay Gould—while it has been un sparing and merciless in its censure of other and more reputable business men. This inconsistency is thus explained by Mr. Rufus Hatch, a member of the re cently suspended house of Fisk & Hatch. On Thursday last, in conversation with a representative of the Daily Graphic, Mr. Rufus Hatch made the following statement concerning the New York Times : “I know of his (Jay Gould’s) paying money to the Times yesterday, and an editor of the Times came and offered to sell out to me before he did sell out to Gould. ” THE CARPET-BAG DEBTS. It may appear an untorward time just now for any discussion of the proposed assumption of the reconstructed debts of the South by the Federal Govern ment, but from the subjoined article it appears that the project is still enter tained though in some details there has been a change of plan. The Buffalo Courier says : We confess to having been slow to j believe that a formidable attempt could be made next Winter to force through Congress a bill for the assumption of the Southern States debts by the Fed eral Government. But there now seems to be no doubt that a very formidable combination of interests has been made for that purpose, and it is much more likely to grow stronger than weaker. There is a great deal of “money in it,” and it is backed by the same powerful carpet-bag influence which has long been in the ascendant. The existence of the spurious governments in the South ern States depends on their being able to evade the natural retribution for the extravagant and infamous debts they have created for the purpose of enrich ing their leading members. Unless the Congressional scheme can be car ried recourse must be had to taxation, and the truth of the saying that if you touch a man’s pocket it has a wonderful effect in enlightening his understanding, will be strikingly exemplified. When such politicians as those who rule in the Southern States, and have hitherto ruled in Massachusetts, are supported by the immense power and patronage of the Federal Government, the success of the scheme is by no means improbable. It is likely the business will be ap proached cautiously, and in such a wav that the public mind may not be alarmed. The process is something like that of catching and saddling a shy horse. Probably the design may be covered np by asking the Federal guarantee for pay ment of interest on the Southern State bonds. Thus the real design would be in part hidden, but the value of the bonds would at once be raised to par, and thus put about $100,000,000 into the pockets of “the ring.” No doubt, some feeble conditions would be imposed for reimbursing the United States Govern ment by giving it some sort of a lien on AUGUSTA, GA., WEDNESDAY MORNING, OCTOBER 8, 1873. the Southern Btates. But conditions and guarantees of this kind never have been and never will be enforced. THE IOWA CAMPAIGN. The reports from lowa in regard to the prospects of the anti-monopoly party there are very cheering. It is not ex pected that the Republican party will be defeated this year, but it is expected that the majority of its candidates will be much less than the average majorities of the past few years. Grant had a ma jority of 46,359 in 1868 and of 57,862 in 1870. In 1869 and 1871 the ma jorities were not quite so large, but this was attributable to the somewhat lighter vote. In the State election in 1871 the majority was larger than in 1869, and the vote was heavier. As the State is growing very rapidly the, vote this year Bhould be larger than it was two years ago, when the same officers were elected, and any reduction in the Republican majority must be taken as a sign that that party is on the wane. The anti-monopolists anticipate that they will be able to show a surprising reduc tion from the forty-two thousand ma jority which Governor Carpenter re ceived in 1871, and elect a larger pro portion of members of the Legisla tion the Democracy succeeded in doing two years ago. If they do this ifc will nave to be conceded that the opposition in lowa is something which bodes danger in the near future to the ascen dency of the Republican party. BRING IN THE COTTON. The commorcial skies are daily bright ening in Augusta, and the only thing which is needed to give entire relief is for the planters to come forward with their cotton. They have nothing to lose and every thing to gain by display ing promptness in this matter. The banks of the city are as solvent to-day as they have ever been, and nearly all of them are transacting business as usual. The panio is over. The chan nels of trade are open and ready for use. It remains now for the planters to de termine whether commerce shall go on as usual or whether a second and more disastrous re-action shall ensue. Unless the crops are promptly brought to market business must remain in an un settled and dangerous condition, and the cotton market itself will be most ;n --juriously affected. If the 'staple comes in freely the merchants and faotors will be able to make arrangements for meet ing their maturing paper, not by forc ing sales on a dull or declining market, but simply by keeping it in their ware houses as collateral security for indebt edness. ITauters need have uo idea that their interests will be sacrificed.- Honor and policy alike demand that they should receive fair dealing from their factors in this matters and they have little cause to fear the result.—- The Augusta factors will not dispose of their customors’ cotton against their wishes. They do ask, however, that the planters shall strengthen their hands by bringing ns their crop as rapidly as it can be ginned and packed. In this con nection we notice that a much better condition of affairs prevailed in the cot ton market yesterday. The feeling of uneasiness and insecurity, so generally entertained last week, gave way and confidence was in a great measure re stored. Sales were made of over four hundred bales, a business largely in ex cess of that done during any day of the panic. Let the planters bring forward their crop and no further trouble need be apprehended. A RESUMPTION OF SPECIE PAT" MENT9. One of the effects of the financial crisis which still continues is a proposi tion, earnestly advocated in certain quarters, to return to specie payments. On yesterday the telegraph informed us that specie resumption was being agi tated by one of the leading financiers of New York as the best means of utilizing a disastrous panic. The same idea has been broached by some of the London journals, and also finds advocates among the papers of the United States. The arguments of the friends of resumption seem sound, and are certainly worth consideration. It is urged that the present reduction in the volume of our circulating medium presents an oppor tunity for retiring paper money which may not occur again. The chief argu gument employed against resumption was that it would necessarily occasion a contraction bf the ourrency, which would prove most disastrous to the busi ness interests of the country. But a great involuntary contraction has taken place, and the question is asked if it is wise to reject the benefit after having paid the price of resumption V The con traction has occeurred despite all efforts to prevent it, the disasters have come despite all endeavors to avert them, and, as the bitter has been forced upon us, would it not be well to extract the sweet while we have an opportunity ? In point of fact, we have reached that stage where specie resumption will bring re laxation instead of stringency to the money market. The President of the First National Bank of New York de-! dares that the adoption of this policy j will “give eighty million dollars of posi tive relief to the currency of the coun try.” Instead of precipitating a crash, as was feared, resumption, if commenced at the present time, would remedy the evils of a panic which human ingenuity was powerless to prevent. Again, the exchanges will be in onr | favor and gold instead of leaving will j flow with a steady stream into the country. In England, the high prices j which prevail will reduce very con siderably the volume of imports, while the ordinary demand for cotton and the ; extraordinary demand for grain by j European consumers will make onr ex ports greatly exceed the exports of last I Autumn and Winter. Large exports j and small imports are said to occasion ! the most favorable state of trade for a specie resumption, and it is a state of , trade which we are certain to experience during the coming season. It is j evident, too, that speculation will be checked for some time to come by the : crash. For the next few years the mania will abate, and fewer wild cat en» terprises will be projected. No more railways will be built upon paper, and capital will seek legitimate business channels again. After a storm of wild and reckless speculation, a calm will ensue, and during this calm a return to hard money can be effected. There is no doubt but that resump tion might bear hard upon some of the debtor class, but, as the New York World justly remarks, most of the deb tors, especially in commercial circles,, which would be principally effected, are also creditors, and the hardship would be equalized. These are the views pre sented by the advocates of resumption, and they certainly carry with them great weight. It remains to be seen, however, whether the country, at the present time, will submit to any financial experi ments. Quite Gone.— An Essex street man bought a pig Saturday, says the Dan bury Newt: “What do you feed your pig?” asked a neighbor. “Corn,” he said. ‘ ‘Do yon feed it in the ear ?” asked the friend. “Do yon think lam a fool ?" said the Essex street man, sar castically. Minimum Price For Cotton. Editors Chronicle and Sentinel: I see by advertisements in your paper that several merchants in Augusta have agreed to accept checks on your banks in payment of accounts duo them. This is all right and proper and should be adopted as far as practicable, but so few country merchants and planters have de posits in your banks that but few debts 1 can be settled in this way. Others agree to take drafts on cotton factors and wait until the cotton can be sold; this, it is feared, would have a tendency to de press the price of cotton; consequently would not work to the interest of the planter and country merchant. Why not have the planter and country mer chant to forward their cotton at once and pay up their accounts promptly in cotton at say 17 cents, per pound; for if the price of cotton is fixed below that figure, it is certain that a great many will be unable to pay up their indebted ness as early as they wish, then what good can come from a lower price ? If you do not act liberal toward the planter in this matter how can you expect to ever to get your money? Besides, it is now admitted by all fair minded persons that the present crop will not exceed that of last year. Why then place the price in this emergency below the average of last year ? I see that some parties are offering only 13 cents, others 15 cents. The out at any such figures, and it is useless to adopt them. When the merchants of Augusta can offer cotton as collateral se curity, they can get plenty extension of their paper. Europe is comparatively at peace, and they will buy our cotton after awhile at these prices, if not at present. The world is not so foolish as to go without clothing because Jay Cooke & Cos. have closed their doors in New York, and a few brokers standing around with a few papers in their pock ets, with Uncle Sam’s promises to pay printed thereon. These papers will come forth after a while, and if they do not it will make but little difference. Then I say, country merchants, settle with your customers at a fair prioe for their cotton; ship said cotton imme diately, and offer it to your creditors at what it cost you. If they will not take it they will have to wait, for at present cotton will command but little money. But we need not sacrifice it. The banks refuse to sacrifice their securities to pay depositors. Then do not sell your cot ton in Augusta for less than 17 cents— the average price of last year's crop—but act promptly in forwarding your cotton, that your creditors may feel safe. Vedette. Ckawfobdville, Ga., Sept. 29, 1873. THE PENNSYLVANIA REVENUE SYSTEM. [Nashville Union and American.] Now that the subject of taxation is at tracting a great deal of attention in this State, it will be a matter of interest to both tax-payers and legislators to learn something of the revenue systems of other States, and especially that of Penn syvania, where land, which in other States it regarded as the basis of taxa tion, is not taxed at all. “And yet,” says the St. Louis Republican, “the simplest and most effective revenue sys tem in this country is that of Pennsyl vania. A person trained in the clumsy old way of taxing everything that can be seen, and leaving those vast instru ments of wealth that cannot be seen uu taxed, cannot imagine liow such a sys tem is practicable; but the abundant revenue of;Pennsylvania, its unequalled public charities and its high credit prove that it can bo made far more productive than the revenue system that prevails in nearly all other States.” The Republi can details the Pennsylvania system as follows: “In 1863, when the revenue system of Pennsylvania was the same as that now iu genAal use, the entire revenue of the State were 83,422,733, of which real and personal property paid 81,733,401, cor porations 8745,112, and licenses and other sources $944,269. The largest proportion was derived from real and personal property, and the* smallest from corporations. In 1866 the Treas urer, William H. Kemble, having thoroughly studied the subject and seen how unproductive and difficult of exe cution the existing method was, sub mitted to the Legislature anew scheme of the most startling character—being nothing less than a proposal to abolish the tax on real estate and equalize taxes on corporations. As the real estate tax was yielding $1,600,000 per annum, the Treasurer’s daring proposition to throw the source of this yield entirely away, and seek compensation for it in other quarters, looked like madness; but as Treasurer Kemble had managed his office with unusual good sense and abili ty, and as he seemed entirely oonfident of the success of his new scheme, the Legislature finally consented to adopt it and rely upon him for its effectual work ing. The careful calculations upon which ha based his opinion of the re sult were amply realized. There was no failure of revenue, no deficiency in the treasury at the end of the year, and no depreciation of the State’s credit, as many apprehended; on the contrary, the State’s obligations were promptly met, and its revenue steadily increased. In 1872 the revenue had grown to $6,124,- 643, of which $4,036,658 was paid by corporations, and the residue by licen ses, collateral inheritances and other minor sources. The State debt, which had been reduced only about $2,000,000 in twenty years previous, and which at the beginning of the new system stood at $37,471,663, was reduced in 1872 to $27,298,486 —a reduction five times as great as had been effected in the previous twenty years. In the meantime the State has been able to maintain its charities and a school system by dona tions of the most munificent character. Its appropriation in 1872 for the sup port of the orphans of its fallen sol diers was $471,986, its appropriations to schools have been doubled, and $1,500,- 000 has been paid on the war expense account of the State. It would be imagin ed that this system is oppressive to the corporations that have to bear the burden of it; but the Philadelphia Press de clares it is not so, and the absence of complaints from the corporations seems to confirm its statement. The cor porations that pay the largest taxes are the railroad companies. These are taxed three mills per dollar on their capital stock and three per cent, in addition on their net earnings. In the case of a six per cent, dividend, the three per cent, tax is equal to a tax of one and eight tenth mills on the capital; this added to three mills capital tax makfes the total tax on the capital of such a corporation four and eight-tenths mills—or less than one-half per cent. The Pennsylvania Railroad, whose capital is $53,271,937, and net earnings $8,247,853, paid a tax last year of $522,834 ; and the Reading Railroad, whose capital stock is $34,236,- 175, and whosenet earnings weres4,B23,- 300, paid a tax of $383,513. The capi tal stock of all the railroads in Pennsyl vania is $211,924,733, and their net earn i ings last year were $26,342,340. A tax of three mills on the former and three | per cent, on the latter would yield 51,456,044 per annum —this being' the revenue from railroad corporations alone. The mining, manufacturing, banking, insurance and other corporations in creased this last year to $4,036,658.” One of the virtues of the marvellous revenue scheme, adds the Republican, is that it avoids the trouble and vexa tion of dealing with individuals. It does not tax persons at all; it limits its effects to large corporate bodies in which persons are interested. Thus, a rail , road, mining, manufacturing or other corporate company pays taxes for all its individual stockholders, and so makes j one visit from the collector suffice for a hundred to that many different stock holders. Household visits, espionage, oaths, over assessments, and all the other j expensive and disagreeable annoyances of the system which deals with each in dividual, are avoided, and the abundant State revenue is gathered Jalmost with out the visible presence and acts of as sessors and collectors. It would be ad visable for our next Legislature to ap point a committee to examine and report upon the revenue systems of other | States, with a view to adopting a plan • more satisfactory than that in force now : in this State. Anecdote or Emerson. —Ralph Waldo Dmerson, with all his ethereal philoso phy, is not free from the weaknesses of other men, inasmuch as he takes a glass of wine in a quiet way, andl smokes one cigar regularly every day. Among oth ers, the following characteristic anecdote is related of the great philosopher: “One day when he stood in his door yard—probably reflecting at that mo ment on the superiority of the soul over matter —a crazy Millerite approached and asked if he was aware that the world was soon coming to an end. Emerson replied calmly, “Let it come; we can get along just aa well without it.” DEMOCRACY. Meeting of the New York Democratic Convention. Utica, N. Y., October I.—The Demo cratic State Convention met to-day at noon. Hon. Mr. Beebe was chosen tem porary Chairman. In his speech he ad vocated welcoming the Liberal Republi -1 cans to the Convention. A temporary Secretary was then appointed. The cases of the contested delegations from New York was referred to a Committee on Credentials, consisting of two from each judicial district. A committee was then appointed to select permanent officers. A resolution recognizing the Liberals and inviting their co-operation was offered. Mr. Creamer, of the Apollo Hall delega tion, attempted to speak, but being recog nized as one of the contestants was rap ped to order. A scene of great confusion ensued, Creamer insisting upon speaking and chargirg t hat the Committee on Cre dentials had been packed. Amid great confusion a recess was taken. The Convention reassembled at 4:30. Governor Seymour entered the hall and was received with great applause, the members rising. The ■ Committee on Credentials re ported in favor of the admission of the Tammany delegates from New York. The report was adopted, whereupon the Apollo Hall delegation withdrew. A permanent-organization was effect ed by the election of Horatio Seymour as President of the Convention, who, on taking the Chair, said : “We meet at a time when unusual interest is felt in the action of a nominating Convention. The disturbed state of finances, the heavy burden of taxation, the frequent expo sure of official corruptions excite the at tention of the public to the character of those who are placed before them as candidates for office. Party ties will not hold voters to the support of any who are not felt to be fitted for publio stations by their integrity and capacity. The real object of this convention must be to place in nomination men of the highest character,of undoubted capacity, to conduct our State affairs. If this is done we can eleot them. The gains made by the Democratic party at the election last Spring show that the popular cur rents have set in our favor. These town elections also prove that great numbers of those who have hither to acted with the Republicans now in tend to act with us if we give them candidates who deserve their sup port. In a largo number of the towns and counties of this State there are two mi norities—Liberal Republicans, who can not go with the Administration, and members of the Democratic party. They find when they go together they become the majority. Acting upon this fact at the Spring elections, they united upon local candidates, having regard only to fitness and strength, and tho result was a gain of nearly one hundred towns, and the control of a number of counties heretofore opposed to us. Let us act in the same spirit of good sense and patriotism, and we shall not only carry the counties of New York and thus gain political strength in all its sections, but wo shall also put our great State into its rightful position—that of a stronghold of those who seek to bring back oqr Government to its ancient simplicity, aoouraoy and con stitutional aotion. As this is a State and local election, we are re lieved from the discussion of many sub jects with regard to which there are honest differences of opinion. Ourgreat absorbing duty is to carry our State and to give it abetter, more fair, and an honest administration. To that point we must direct all our thoughts; to gain this end we must put in nomination a ticket made up of men with records so clear, char acters so pure and capacity so undoubted that we shall feel when our work is dona that it will be elected because we shall know that it ought to be elected. If we do this those citizens who gave us local victories last Spring will continue to act with us and will give us a victory in the State this Autumn. Gentlemen, bear in mind in all your aotious that a good ticket makes a oertain triumph.” After tlfo appointment of a Committee on Reso lutions a recess was taken till evening. In tho evening session, the Committee on Resolutions reported that it would be unable to present a platform until to morrow; and after debate the Conven tion resolved to postpone the nomination of a State ticket until 10, a. m., to-mor row. A resolution excluding from the State Democratic Committee any man who voted for or received back pay in Congress gave rise to a warm discus sion, but was dually adopted unani mously. The State Committee was then appointed, with Samuel J. Tilden at the head as member at large, and the Con vention adjourned till to-morrow. Utica, N. Y., October I.—The Apollo Hall delegation adopted an indignant protest against their exclusion from the Democratic Convention, but resolved to accept the situation and appeal to their constituents. THE MIXED CLAIMS COMMISSION. Conclusion of Its Session in Newport— The American Claims Disallowed— British Claims Reduced to $1,929,819. The British and American Commis sion, which has been in session at New port during the Summer, completed its work Thursday evening, 25th ultimo. The Commission began its session at Washington, September 26, 1871, and by the terms of the treaty it was to com plete its work on or before the 26th of September, 1873. The number of claims which have been presented by British subjects against the Government of the United States is 478, and their aggregate amount is not far from $95,000,000. — These claims were for damages from acts of either Government between April, 1861, and April, 1865, other than those known as the Alabama claims. They ranged from loss of clothes in General Sherman’s march to $15,000,000 for a quicksilver mine in Santa Clara, Cal., and included losses by the legal tender act, by confiscation of vessels, destruc tion of property by Union and rebel troops, for unlawful arrests, for claims on Confederate bonds, Ac. *Of the British claims, 181 have been adjudi cated'. in savors of the claimants, and the amount allowed upon them is $1,929,819. In very few instances, how ever, lias a claim been allowed to its full amount. By far the greater portion of the 181 which have secured a favorable decision, have been reduced to an insig nificant fraction of what was set forth in the papers that were filed by the claim ants. Two hundred and ninety-seven have been wholly rejected. On the other hand, only nineteen claims of all kinds have been brought before the Commis sion by citizens of the United States against the British Government. They were for losses sustained by the St. Al bans raid, by the capture of a vessel on Lake Erie, by the detention of cargoes of saltpetre at Calcutta, Ac. These claims amount to $1,000,000, and not one of them has been allowed. The decision is final, and the money, by the terms of the treaty, mast be paid within a year. The Newport Nexus, of Friday evening, furnishes the full text of the final decree, which is as follows : Office of the Mixed Com’siox ox Americas ) axd Bbitmh Claims, undeb the Theatt, > Mat 8,1871, Newtobt, B. 1., Sept. 25, 1873. j The undersigned, Commissioners ap pointed under the twelfth article of the treaty signed at Washington, on the Bth day of May, one thousand eight hundred and seventy-one, between the United States of America and her Britannic Majesty, do now make their “ final award’’of and concerning the matter re ferred t$ them by said treaty, as follows, that is to say: We award that the Government of the United States of America shall pay to the Government of Her Britannic Majes ty, within twelve months from the date hereof, the sum of $1,929,819 in gold, subject to the deduction provided for by article 16 of the treaty aforesaid, for and in full satisfaction of the several claims on the part of corporations, com panies, or private individuals, subjects of Her Britannic Majesty, upon the Government of the United States, arising out of acts committed against the per sons or property of subjects of Her Britannic Majesty, during the period be tween the 13th day of April, 1861, and the 9th day of April, 1865, inclusive, said sum being the aggregate of the several separate awards upon such claims made in writing, in duplicate, and signed by ns or such of ns as assented to said sepa rate awards. And all other snch claims on the part of subjects of Her Britannic Majesty against the United States, which have been presented and prosecuted for our award, have been and are hereby dis allowed or dismissed in manner and form as will appear by the several separate awards in writing concerning the same, signed as aforesaid. Certain other claims on the part of subjects of Her Britannic Majesty against the United Btates were also pre sented, but were afterward, and before any award was made thereon, withdrawn by the ageut of Her Britunnic Majesty, as will appear by the record of the pro ceedings of the Commission kept in du plicate, and which will be delivered to each Government herewith. And we award that all claims on the part of corporations, oompauies, or Private individuals, citizens of the United States, npon the Government of Her Britannic Majesty, arising out of acts committed against the persons or property of citizens of the United States, between the thirteenth day of April, one thousand eight hundred and sixty-one, and the ninth day of April, one thousand eight hundred and sixty five, inclusive, not being claims growing out of the acts of vessels referred to in the first article of said treaty, have been and are hereby disallowed; separate awards upon each of said claims having been made in writing, in duplicate, aud signed by us or such of us as assented to such separate awards. And we refer to the several separate awards made and signed as aforesaid, as a part of this our final award—it being our intent that the proceedings of this Commission shall have the force and effect named and provided iu the seven teenth article of said treaty. [Signed] L. Corti, Jas. S. Frazer, Boss ell, Gurney, Commissioners. Awards to Southern Claimants. Washington, October I.—Among the ! awards by the British-American Com mission are thefollowing: Crow A Wylie, Florida, $21,000; James Cummings, Louisiana, $19,000; heirs of John Pur vis, Mississippi, $27,000; John B. Har ris, Mississippi, $15,000; administrators of James Syme, Louisiana, $116,000; W. B. Booth, Louisiana, $11,000; Benj. Whitworth, Georgia, $32,000; David Ja cobs, South Carolina, $20,000; Benj. Thornton, Virginia, $9,000; John Has kins, Louisiana, $103,000; Thos. Angel, Texas, $45,000; E. MoLeod, Virginia, $24,000. ANJgjJENIOUS CONVICT. Extraordinary Developments at Sing Sing Prison—Discovery of a Unique Whisky Still in Full Operation- Spoiling a Jailbird’s Hopes of Amass ing a Fortune In the Liquor Business. A singular discovery, illustrative of the extraordinary fertility of convict in genuity, has just been made at Sing Sing prison, being no less surprising than tho finding of a whisky still, which had evidently been in operation for months, to the pecuniary advantage of one convict at least. For sometime past oonvicts have occasionally been no ticed to be under the influence of strong drink, but all efforts on the part of the officials failed to elicit from them where the liquor had been obtained. A couple of nights ago, however, an incident transpired which ultimately led the prison authorities to the fountain of con vict bliss. A night guard while noiselessly pacing one of the galleries, when all the jail birds were supposed to be slumbering, had his attention attracted to a cell, oc cupied solely by a oomieal character known in the prison as “Irish Tom.” This individual appeared to be talking in a conversational sort of way to some person near him, whom he alternately chided and oaressed, using such terms of endearment as a man, under oireum stances of a convivial nature, might ad dress to a bosom friend or benefactor. On opening Tom’s cell the guard found him in a glorious state of intoxii ation, giving some affectionate advice to a black bottle, the contents of which had almost evaporated through his dexter ous manipulation. Next morning on be ing told, underpenalty of severe punish ment, that he must say where he pro cured the liquor, Tom at first hesitated, but finally said that he had obtained it from another oonviot named John Bhort, who was working in one of the marble quarries. WithoutinformingSliort, a search of the quarry was immediately instituted, where, in a secluded .corner, sheltered by a few rough boards,! was found one of the most remarkable contrivances on record for the manufacture of whisky. A couple of the prison tubs, holding perhaps twelve or fifteen gallons each, contained the masli, which was composed of pota toes, scraps of bread, a sprinkling of tomatoes, with some corn and coarse meal, collected iu the prison stables. An iron kettle answered the purpose of a still, while a section of half-inch gas pipe, artistically bent, formed the worm, thus completing an apparatus which, it is understood, was capable of producing about five gallons of homespun spirits daily. This frightful liquor Short, who constructed and owned the still, retailed to his fellow convicts in sarsaparilla bottles at the moderate (one) price of $1 each. Before Short had received a notification of the seizure of his dis tillery he was made to undergo a search, when concealed on his person was found a belt containing over S6OO, being the proceeds of sales from his illicit busi ness. It is almost needless to add that Short has for a time, at least, abandoned the distillery trade. The question as to whether his keepers were cognizant of what was going on in that particular quarry need not be answered here. LYNCHING IX LOUISIANA. Twelve Horse Thieves Hanged by the Vigilance Committee. [From the New Iberia Sugar Bowl] The troubles which we last week an ticipated would occur between the citi zens of Vermilion parish and the horde of horse thieves that infest that re gion, have at last broken out with ter rible violence. The committee, urged to desperation by the cool audacity of the robbers, have given vent to their long pent up feelings of indignation and commenced the work of retributive justice. Up to writing some twelve of the gang have been swung up. Our streets are full of vague and ex aggerated rumors concerning the opera tions of the Vigilance Committee, the number executed, Ac., and it is next to impossible to obtain a correct detailed account of the extent of the troubles. From the best sources at hand we elicit the following information : A delegation of citizens from Abbeville had called upon Governor Kellogg with a view of laying the facts of the case before him and ascertaining their course of action in the matter. The Governor told them, it is said, to go on and do whatever the exigencies of the case seemed to require. Armed with this permission, they pro ceeded at once to seize and hang three or four of the worst characters, among them two sons of ex-Sheriff Lege. A prisoner was taken out of jail and shared the same fate; a butcher was seized and executed. Persons who came from Abbeville last Monday testify to having seen three or four bodies swinging from trees in the neighborhood. The' most intense excitement prevails, and the mem bers of the committee were souring the country in search of the “spotted” individuals, and hanging them as fast as caught. Two of the leading thieves are known to have passed New Iberia on Sunday, the day after the hanging commenced, on their way to the bay. One of them is said to have thrown his saddle into the bay and turned his horse loose upon arriving there, preparatory to making his way to the city. He was, however, telegraphed for and arrested. On Tuesday evening a man named Pagnol was hanged.— The up boat was boarded this (Thurs day) morning, while at Jeannette, by a party of fifteen or twenty men, armed with shot guns, and a pris oner ou board, supposed to be the one arrested at Brashear, foroibly ab ducted. Parties who afterward met this same crowd declare the prisoner was not then in their possession. This morning be is said to be on a tree near Dr. Dungan’s plantation. The forego ing are the only details we have been able to gather in regard to this fearful affair which may be considered at all re liable. It is not known here how many thieves have been executed up to this time. The most reasonable reports put the number down at twelve. The Raleigh Sentinal says: A gentle man writing from Granville connty, in forms ns that no fears are now enter tained of a short crop of tobacco, but that the indications are the crop will be a full average, both in quality and quantity. We regret to learn through tne same source of the destruction, by fire of some eight or ten tobacco barns, within the last few days. The follow ing gentlemen have had their barns de stroyed: John Fleming, Jesse Meadows, Mosely Veasy, John Emstead, John Peed, T. Cheatham and three or four others, whose names are not given. The fires are considered purely accidental, and are supposed to have occurred from the flue mode of • wring. A MODERN ROMANCE. The Story of the Duke of Riauzares. , iRIS ' Wednesday, September 17, . A somewhat noted personage has just passed away, and one who has | figured largely in the minor monarchical I memoirs of his time. The Duke of Rianzares has just died iu his villa of Mondesir at Sainte Addresse. To a majority of my renders, it may be, this name will suggest no particular sou- V€H€VB of tlio past, since, for ft genera tiou at least, the Duke, has not been prominently known in public affairs. Yet there was a period in his life when man envied his chances and his destiny, and when woman gave him her most flattering smiles. He was the hero of oue of the prettiest and most seductive romances to be found out of the pages of Dumas or Eugene Sue, but deriving additional interest from the prestige of reality. The history of his life is like a page from the Thousand and One Nights, aud has furnished food for many a romantio dream. King Co phetua espoused a beggar maid; the gentleman who has just died reversed the legend, and married a queen. When a simple soldier in the Royal Body Guard of Madrid, he awoke ono morn ing, the 28th of December, 1833, to find himself the chosen husband of her Majesty, Maria Christina-fVtditmiia, of the 1 wo Sicilies, Queen Regent of Spain, j who, just two months before, had become ! the widow of Ferdinand VII. The story goes that he was on duty at the palace when theyoung widow passed and turned in her tracks to regard his handsome face and manly form. She was charming in her widow’s weeds ; he returned her gaze with modest yet ardent longing. In that moment, it is said, tho young soldier’s sovereign had felt for him that strange, invincible, penetrating sensation which the contemporaries of Louis XV were accustomed to call “the thunder-bolt of love. Such a love, or such a caprice can overcome all obstacles, and the ob stacles iu this ease were of no small im portance. It took Maria-Christina nine years to get the man to whom she had thus given her left hand recognized as her royal consort, and it was not until the 13th of October, 1844, that she could get the marriage officially recognized and accepted by the church. Her daughter, Queen Isabella 11., had then been twelve months the actual sovereign of Spain. No better proof is needed to show that the caprice of a lonely Winter had turned into a firm and abiding love, and it was generally remarked that Queen Christina had beoome a better and a nobler woman since her marriage with the simple soldier of the Guards. At this time the soldier of fortune found his fortune made. On the celebration of his legitimate marriage he was cre ated Duke of Riauzares, Chevalier of the “Golden Fleece,” and recognized as a Prince und grandee of Spain. The day before ho was simply Fernando Munoz. In this life story we have quite romance enough without trying to exaggerate the details, as many writers have done, by trying to make out that Fernando Mu noz was a peasant born, and the son of a muleteer. Such was not the caso. The body guard in Spain, as in France under the ancient monarchy, was re cruited from among gentlemen of aucient families, of distinguished manners, and of superior education and courtly train ing. The hero in this case came of a very old and honorable family. The le gend which represents him as the son of a mule driver, who did not know how to read or write, is a romantic exaggera tion, which has no foundation in fact. In those days the marriage of Prin cesses with subjects was not regarded as it is now, when Queen Victoria, anxious for the happiness of her daughters, sets the example of choosing a husband for them from among the gentlemen of the realm. The grandees of Spain were greatly incensed at this marriage for a time. But in taking Munoz for a hus band Queen Christina descended no lower than her sister, on tho father’s side, for after the assassination of the Due and the birth of the Duo de Bor deaux (now known ns the Comte de Chambord or Henry V.) the Ducliesse j de Berry took for a second husband the | Marquis Lucehesi Palli. The needless | Boandal which King Louis-Philippe j made about the mar.iago of Mine, de ! Berry and the accompanying circum stances will never be forgotten by the 1 Legitimists of that period who now sur- 1 vive, nor, I have everv reason to know 1 from my association with them, will it ever be heartily forgiven. NITRO-GLYCEHINE. An Account of a Terrible Affair Brought About by a Poem—A Bag gage Master Blown to Atoms. From a Kansas City (Mo.) correspond- j ence of a St. Louis paper, bearing date I September 20th, we condense the fol- j lowing : Yesterday a Saratoga trunk was de- I posited upon the depot platform, and upon the trunk was a card indicating i that the owner was Miss Lettie Moore, and that she was on her way to Chicago. The trunk was duly checked to its desti- j nation, and stood poised upon one end j awaiting the manipulation of tho pro- j fessional baggage smasher ; its owner had seated herself in the car, one of whose windows sho had transformed in- j to a picture frame by looking out of it j upon the scene. She seemed to be a ! middle-aged lady of rather prepossess ing appearance, and several by-standers now claim that they could not help no ticing the deep interest she seemed to ! be taking in the trunk aforenamed. The j baggage smasher came ; he seized the I Saratoga and gave it a whirl over, caus ing it to alight upon its other end, when there was a sudden report, a scream and a cloud of dust. The trunk was in I fragments, the baggage handler lay j prostrate upon the platform, and bits of | paper and straw wore seen floating upon the air. There was a general stampede of the by-standers, but when the first panic was over, and an investigation had, it was found that the baggage handler was dead, half his head having been blown away, and that the Saratoga had been but the outer case of an infernal ma chine charged with nitro-glycerine. The woman was promptly arrested, and on being questioned she acknowledged that she had prepared the mine for the ex press purpose of blowing up somebody, giving as her excuse for it, that the baggage smashers had demolished her trunk on her way out, letting her ward robe go to destruction, and that she re solved on being avenged. Sh« had, doubtless, read a poem entitled “The Baggage Fiend,” that has been going through the papers of late. “Baggage smashers” had better be a little careful after this—there may be other Lettie Moore’s on the wing. Fatal Sickness to Follow the Panic. [New York Corresiiouflor.ee Boston Journal.) It is considered an even chance whether the panic has reached its bight or uot. Five thousand men close the week in poverty who opened it in wealth and position. It is said that Jay Gould is the only man on the street whose note is worth more to-day than it was ten days ago. He has made millions by the disaster. Physicians say that fatal sick ness follows invariably these terrible panics. The excitement and the fright is ruinous to health. Straugo enough Bright’s disease follows one of these crashes. Keep, Lockwood, Little and other eminent bankers died shortly af ter their failure. A man who has lost j terribly said yesterday: “I have lost my money and my energy, and the worst j of it is that I am twenty years older ‘ than I was yesterday.” A dozen men rule and ruin New York. “Dog will not eat dog,” but bull will eat bull and : bear will eat bear. In Wall street the | son will turn against the father and the son-in-law will ruin the father-in-law. \ No man trusts the honor of any man on the street, except in the mere matter of payments. A clique is formed to bull or bear a stock. The Bound Robin is j hardly signed before the parties look , oat for a chance to sell out. The man who betrays his associates first is the sharpest fellow. A case in point: A gentleman left the street with five millions. He took leave of his associates and started on a European tramp. He came home a short time ago, and several operators, and among them two or three wealthy bank Presidents, invited him to a din ner. An incidental refereace was made to a great speculation in which the par ties were interested. There were mil lions in it. Heated by wine, the guest was induced to venture once more on the treacherous seas of speculation. Every dollar of his fortune is wiped out. He has not money enough to pay a week’s board; his system is shattered so that he never will be able to do any more business, and he has to be watched closely to keep him from suieide. NUMBER 41. A BALLOONATIC. Donaldson’s Trial Trip. New York, September 30. The Graphic , to-day, publishes a letter from Prof. Donaldson, giving an account of his balloon trip from the Capitolino Grounds, Brooklyn, to Queens, L. 1., Saturday, p. m. Tho balloon is named Magenta; is made of cambric, and is two years old; dimensions, twenty-eight feet in diameter; full capacity, 11,000 cubic feet; weight, 175 pounds. He as cended at 5:10, p, m.; a gentle south west wind blowing. The balloon rose at an angle of 45 degrees, and in a few minutes it was fully 1,500 feet high. Donaldson had a splendid view of New York, Brooklyn, Jersey City, Newark, Staten Island and Westchester county, and far into tho country; also all over tho Jersey coast, Coney Island, Lower Bay and Sandy Hook. Tho noises and hum of the city at even that height could be distinctly heard; even the bells of the street cars and rattling of vehicles over the stone pavements. Tho sea appeared quiet and peaceable. At an elevation of 3,000 feet the balloon struck an Eastern current, then went more rapidly till it reached 0,000 feet, tho highest of the trip. He pulled the valve and descend ed to 2,300 feet, the balloon then changed its course to southeast and went rapidly sCinvard. For some hours the aeronaut amused the people by seudiug up num bers of small balloons. Ho descended at Queens, and returned to New York, reaching the city at 8:30, after the most delightful trip he ever made. The trip has given him renewed confidence in the projected European trip, the balloon for which is being prepai’ed ns expedi tiously as possible. STRICKEN SHREVEPORT. Terrible Suffering and Destitution- Appeal for Aid. Shreveport, September 30.—Several of the most useful citizens arc among tho victims. The Howard Association have opened an orphan asylum, which feeds nearly two-thirds of the popula tion. The fever is beyond question.— The doctors say it was imported from Cuba. An appeal for relief says: “There are seven hundred siek. Tho peculiar character of the disease requires skillful attention and nursing. Hundreds are without means or employment. Tho destitution is as heartrending as tho disease is itself. We feel that tho great public heart will respond to this appeal, exerted by the most dire necessity. Our own resources are nearly exhausted; tho wealthy are broken down; the poor are threatened with actual starvation, and the sick and dying are about to be de prived of the commonest comforts hu manity can offer them. Wo appeal, not to our follow-countrymon, but to our fellow-men for aid. “[Signed] L. E. Simmons, “President Howard Association,” and all tho doctors. Whom the Gods Love.— There was once a young and lovely boy, remarks Punch, whose mother parted his hair down the middle, and occasionally hit him in the back with a flat iron. There was also a bad, wicked, and depraved boy, about whom I, at the moment, do not recollect any further particulars. These two were brought up together, and simultaneously received a present of sovereign apiece. Oh, how that bad, wicked, and depraved boy kicked up liis heels. The good boy smiled tho whilo serapliically and slobbered. Tho bad boy then went straightway and laid out his money in all manner and kinds of nasty, indigestible messes—hardbake, eocoa-nuts (ho bought fourteen of these), bull’s eyes, stick iicoorice, tamarinds, and Australian beef. Tho boy fell to, and gorged hideously upon these things, and so exhausted his little capital, com ing to the good boy when it was all gono with a long and pitiful face. “Ah !” said the good boy, “had you not spent your sovereign thus foolishly you would have had it now, as I have mine. In stead of buying hardbake—a thing I never touch, except when it is given to mo —you might have bestowed five shillings upon the Soeiety for Supplying Wooden legged Infidels witli worsted slippers; instead of buying cocoa-nuts, you might have dropped another five-bob into tho donation box of the Hospital for I’lirfi j lyzed Shakers; and, instead of wasting the other ten shillings in the way you have, you might have done I don’t know wliat that was good and kind and gene rous and noble.” The bad boy, confused and confounded, turned away liis head and wept bitter tears. Then the good boy went out for a stroll, feeling ever so much gooder for having said what ho had, and on his way accidentally dropped his own sovereign down a sewer grating. A Fight With an Italian Burglar.— Mr. Frank Harding, of Binghamton, New York, writes from Vienna of a thrilling encounter with an Italian thief, who entered his sleeping room in tho night time, while he was sojourning in the Austrian capital. Ho was awakened by the thief just as he had stepped over the window sill. The intruder be gan examining everything in the room, and when ho came upon Harding’s watch and other valuables he began to help himself. Harding thought it time for action, and, jumping quietly from his bed, ho seized the thief by tho throat. Tho rogue seemed to enjoy tho choking, and took it quietly until ho found an opportunity for a quick move ment, which sent Harding back upon his bed. Ho then began feeling for his stiletto, which alarmed Harding some what, and made him wish that his re volver was not in the bottom of liis valise. His position was anything hut desirable, and, making another des perate effort, he was again getting tho better of liis uninvited guest, and deal ing him a few blows upon the head from an arm in nowise weak, when he freed his arm and dealt Harding a well di rected blow upon tho forehead. Ho staggered back, and the fellow dodged out of the door on to a balcony, and from that jumped down some fourteon feet into the garden. “A Casual Remark.”— A correspon dent writing from Paris, Lamar county, Texas, relates in simple prose the nn fortunete fate of Dr. John S. Daniel, formerly of Virginia, who hud been re siding in Paris, practicing his profes sion, for about a year. In Paris, it ap pears, also lived a Mr. Stephen Tyler, also a Virginian, but who had lived in the Texas town for a long time. Dr. Daniel was so indiscreet as to remark a few days ago—the correspondent calls it “a casual remark”—that Mr. Tyler’s friends had harbored a horse thief. But for the conversational indiscretion it is probable that Dr. Daniel’s days would have been long in Paris; but as it was, Tyler “hunted him” with a double bar reled shot gun, deliberately shot him when he found him, and then said he had done what he intended to do. "The public,” continues the correspondent, “condemns the act,” and though Tyler lias disappeared, and a warrant is out for his arrest, the community are patiently and hopefully waiting for him to appear and deliver himself up to jus tice, basing their expectation on the ground of tho deliberateness of tlfe murder. The men in Wall stre< t, whether tlicy be bankers or curbstone speculators, who buy and sell, and enter into scliemos to make money out of fictitiously created values, or by taking the money of un wary and simple-minded people on a false pretense of values, are not a whit better than professional gamblers. Tho men who deal at faro and tho proprie tors and touters of gambling houses are scarcely pursuing a worse or more de moralizing business. The gilding which the names of bankers and brokers and the air of respectability give does not make the offense less immoral. If a man goes to liis neighbor making false rep resentations knowingly, and through the influence of his assumed respectability and cunning argument induces him to buy stocks or bonds that have not tho value pretended, wherein does he differ from the mock auction men ? If a banker takes the deposits of liis confid ing customers and invests them in very doubtful schemes to promote his own interests or to bolster up his bankrupt condition, is there much difference be tween liis conduct and that of a robber who picks one’s pocket ? Many of the Wall street speculators are no better than faro gamblers, and though the law may not reach them, they systematically rob the unsuspecting. Need we wonder, then, at the frauds, defalcations and general demoralization that prevail in the community ?—New York lit raid. Engineer Williamson, who was wound ed in the accident ou the Charlotte, Co lumbia and Augusta Railroad on tho 27th of September, died last Sunday morning, after much suffering.
