Newspaper Page Text
010 SERIES—VOL LIII
NEW SERIES-VOL XXXVII.
TERMB.
XHF. DAILY CHRONICLE 4 SENTINEL, th#
oM'-t new«p»;x'T in the Booth, in published
dsilv. except Monday. Terms : I’er year,
*lO six mont.hi, Vo : three months, t‘2 50.
THF, TRI WEEKLY CHRONICLE A BENTI
NF.L is published every Tuesday. Thursday
and Saturday. Terms: One year, $5 six
months, i'2 50
THE WEEKLY CHRONICLE 4 SENTINEL is
published every Wednesday. Terms: One
year, t‘2 ; Bix months, il.
SUBSCRIPTIONS in a'd eases in advance, and
no paper continued after the expiration of
the time paid for.
DATES OF ADVERTISING IN DAILY.—AII
transient advertisements will he charged at
the rate of *1 per square for each insertion
for the first week. Advertisements in the
Tri-Weekly, two-thirds of the rates in the
Daily : and in the Weekly, one-half the
Daily rates. Marriage andFuneral Notices
#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 lie made by Post Office
Money Order or Express If this cannot lie
done, protection against losses by mail may
he seemed by forwarding a draft payable
to the Proprietors of the Chbonicle ami>
Sentinel. or by sending the money in a
registered letter.
Address WALSH 4 WRIGHT,
Cnnovlci.K 4 WKvnsM.. Augusta^la^
(Efjrom'cle anb .Sentinel.
WEDNESDAY OCTOBER 22, 1878.
MINOR TOPICS.
Two female candidates have been elected
members of the Legislature of Wyoming.
Statues of John Hancock and Hamuel Adams ,
are to he placed in the now Memorial! Hall at i
Lexington, Mass.
The late Commodore Matthew Maury’s re- j
mains have been transferred to the cemetery |
at Richmond, Va.
Dame Hannah Inman, ninety-four years old. j
has been keeping school in Rhode Island for
three quarters of a century.
The faculty of the Law School of the Ken- j
tucky University positively refuse to lecture [
for a class of only five students.
Roxbtiry, Mass., mourns over the bier of the
recently deceased Herr Roossie, who intro- j
duced lager-brewing into Ainerioa.
Nearly every jeweller in London exhibits in |
his shop window some ornament said to have J
been owned by the Empress Eugenie.
Portsmouth, N. 11., produces annually, in ad
tion to numerous temperance orators, 120,000
barrels of ale and 90,000 gallons of rum.
Ht. Louis highwaymen havo become so par
ticular that they won’t rob a man of anything
less valuable then a stem-winding watch.
A California paper says: “ Born—A son, a
regular California fifteen pounder, to the wife
of Elder Maiilieim, the eloquent expounder.”
“ A man who can marry and does not, ought
he damned.” is what the Rev. J. E. Wicks, of
Ban Diego, Cal., is reported to have said ill a
sermon on marriage.
The Indianapolis Journal is authorized by
tV-nator Morton to say that lie is not in favor
of an extra session of Congress being called to
legislate on financial matters.
Tim Cincinnati Commercial says the delay of
resumption by the Now York banks occasions
suspicion that there is concealed weakness,
which tho suppression of the regular hank
statement heightens.
Traveling along the sea coast of Florida, a
gentlemen noting the barrenness of tho coun
try, asked a native, “ What do you live on
lioro ?" “Live on !" repliod tho fnan, “ why, wo
live on fish and strangers.”
Discontented husbands and wives in Paris
are in high glee over the discovery that tho
Commune during their possession of PariH de
stroyed, among other things, all tho official re
cords of births and marriages.
Colonel C. S. Vonablo, Professor of Mathe
xmatics at the University of Virginia, and late
Chairman of the Faculty, will deliver the an
nual address before tho Hociety of tho Army of
Northern Virginia, at Hicbmonn, Va.. on the
30th instant. Ho lervod during tho war ou
Xletior&l Lee’s staff.
Mrs. Enoch Hill, of Worcester, Mass., on
Yuit Sunday evening, asked her husband to take
a walk with her. lie did so. and after thoy
tiad strolled some distance from the house, Hhe
clasped her arms fondly around him, saying
“Let mo kiss you,” and shot him in the hack
with her little revolver.
Mr. Hathaway, of Indiana, hath a way of bin
owAof taking earn of Ida money in those times
of panic, lie put *2,101) in Ilia pocket and viH
iteil the Ghieagu Exposition. Somebody chocked
it out unaware* to him in a few minutes after
ward. and Hathaway now think* ho hail bettor
havo invested it in Public Library ticket*.
'•Oh. what i* the panic?" the little boy *aid,
A* hi* mamma wa» tucking him snugly in bed.
• •The pauic, my love”—wa* the mothor'e reply,
While a tear all unnoted distilled from her eye,
And©ho stitlod a *ob, at the risk of lior stays—
•‘l* a beaHt that has cost me anew polonaise!”
[AVu> York Graphic.
This is the pathetic appeal of a disgusted
Englishman : "We are going to war again to
soundly thrash the Ashantees, and probably
put a penny or twopence more on to the income
tax. Let me a«k, then, why not arbitrate with
theso misguided niggers ? Clot Qnasheo to
Geneva, as we did Jonathan, and arbitrate.
"Is the recent defeat of Oen. Butler in Mas
sachusetts.” asks tho I*oll .1/ all Gazette, a
forecast of General Grant's waning power?”
There's something in that. Occasionally, says
the CfOiricr Journal, others see us hotter than
we see ourselves; and it may he that the
slilletanto organ of the London swells, in spite
of its ignorance and conceit, haw hit upon an
idea-
A French Prefect recently wrote to one of
the Mayors of his department, advising him, as
the cholera had broken out in the district, to
take all the necessary precautions. After some
time the Mayor wrote to say that he had taken
nil the proper steps, and upon the Prefect
sending to see that they wore effectual, he
found that the only preparation tho Mayor bad
made consisted in having a large number of
graves dug in tho church yard.
It appears that the Prussian Government has
become alarmed at the increase of the German
emigration to America, and has edicted a law
prohibiting all departures from Northern Ger
many after the age of seventeen. This year
the limit is fixed at nineteen years, and next
-rear it will be reduced to eighteen, and then to
seventeen. The Germans themselves do not
behove that the measure will stay the exodus.
Persons breaking the law will simply lose their
manorial rights, and will become naturalized as
jfemtvieaiis.
The ltev. S. \V. Bush, tho retiring chaplain
of trie Binghamton Asylum for Inebriates,
thinks that institution is practically a failure.
Cases of reform are few. -Only tin.® of the
eighty-two patients under the first administra
tion." says Mr. Bush, "have continued in a
course of total abstinence; and all these eighty
two belonged to the higher class of seerety and
were iuteligerit, educated men. Many of these
are dead and died m a manner not pleasant to
contemplate. The rest alas for them
In person, the Fount d* t'liambord is portly,
with a round face, a bald forehead, a full gray
beard and moustache, a large, light-blue eye.
and an aC'putine Bourbon nose. He is pleasant
mannered, gracious and courtly, amiable and
kind-hearted. At fifty-three he looks sixty.
but preserves the vigor, and. it may be added, j
she obstinaney of a mui at his full prime. His !
creed as a pretender is love to France, tin- j
flinching devotion to the church, an invincible
determination to restore the temporal power,
and his right to reign, and to govern as well as j
feign.
The Philadelphia lwpiirer ii.vs found out that
the public debt w as really reduced nearly ?15.-
000.000 during the month of September, be
cause of the purchase, in addition to the re
duction of two millions, of thirteen million
dollars in bonds by the Government. The
purchases, it says, were not made in time to
allow them to appear in the debt statement.
Undoubtedly the Inquirer would be correct in
its statement if the bonds were purchased
without any equivalent, but inasmuch as the
cash in the treasury was depleted to the full
extent of the price paid for the bonds, it is
difficult to see where the reduction comes in.—
f'rrr Frets.
A New York poet thus describes the pauic at
the Stock Exchange
One per cent., five per cent..
Ten per cent.. down ward.
Into the Stock Exchange
Bushed the six hundred.
No time to reason why.
No tune to make reply.
Sell! sell! the ouly cry !*
Into the Stock Exchange
Bushed the six hundred.
Brokers to the right of them.
Brokers to the left of them.
Brokers in front of them
Bellowed and thundered.
Buils could not stein the tide.
Bears could not run or hide.
Tew laughed, but many cried;
Into the Stock Exchange
limshed the six hundred.
“TOO MUCH KILLING.”
Under this caption the Macon Tele
graph and Savannah Advertiser are dis
cussing the prevalence of homicide in
the State of Georgia and are calling for
a rigid enforcement of the laws against
manslayers. They think that juries are
too indulgent to criminals, and they are
right; but we think the principal evil to
be remedied is the dilatoriness which
characterizes the trials of such cases.—
Under the law as at present administer
ed a man charged with the commission
of murder or manslaughter may stave
off a trial as long as he pleases—until
he thinks his acquittal a certainty. Our
statutes are so criminally loose in this
respect that a postponement is very
I easy to effect, and as the Courts sit but
I twice a year in each county, it is easy
ito calculate how long a delay two
:or three continuances will afford.—
I As time rolls ou the vigor of theprosecu
i tion is relaxed, witnesses die or are re
! moved from the jurisdiction of the
Court, the indignation aroused by the
crime subsides, and an outside sym
pathy for the accused is manufactured,
which makes his trial a farce and a hol
low mockery of justice. What we need
is a change in the law regulating the
continuances of criminal cases, or else a
Criminal Court, which shall hold its
sessions monthly. In New York city,
for instance, a murderer is usually
tried and convicted within a month
after the commission of his offense. We
hear there of few postponements, and
those only for the best possible cause.
The speedy trial of criminals will be
found one of the best preventives of
crime.
A WAIL FROM ENGLAND.
Tho Graphic contains a cartoon repre
senting our friend John Bull in the act
of protesting against America because
she will not take back her railroad bonds
and send her English cousin grain, for
which his people are in need. The
artist amusingly depicts the pathetic
expression of John Bull’s expansive
face and skillfuly introduces stacks of
useless railroad iron, r ilent and smoke
less iron mills, uncalled for boxes of
cutlery and hardware, with a crowd of
workingmen clamoriug for work and
food. A voice from the other side ex
claims—“l say, look ’ere Brother Johna
than, ’ows this you won’t take your own
railroad bonds, and you don’t want my
railroad iron and ’ardware and things,
and ’ere are all my little ones ’owling for
your corn and now you get up a blarsted
panic, you know, and make me pay out all
my ready cash for your blessed products,
you know.” Amusing as the Graphic
cartoon is, it nevertheless tells a tale of
English distress that cannot be other
wise than pathetic. The Yankees have
flooded the English market and stuffed
the capacious English stomach with
their stocks and bonds, and now refuse
to give them bread, except for gold,
leaving]the toojeonfiding Britisher to car
ry his bonds, and whistle and wait for
both principal and interest. This is a
sharp, Yankee trick, and the capitalists
of Great Britain must seek consolation
from the Germans, who, like themselves,
havo been victimized by purchasing the
promises to pay of Yankee wild cat en
terprises, and the bogus bonds of carpet
bag governments.
THE FINANCIAL SITUATION.
A review of the condition of affairs
during the past week will furnish us
with much room for encouragement.
Tho situation has improved greatly in
many respects. The farmers, recover
ing from the first influences of the panic,
have begun to ship their produce prompt
ly to the city, and the stringency in the
money market both at homo and in New
York having sensibly relaxed, fair prices
have been realized on the staple offered.
The total receipts for the week have
been four thousand one hundred and
four bales, while the sales have reached
three thousand seven hundred and fif
teen bales. Tho excess of receipts over
sales though small is gratifying, show
ing as it does that confidence has re
turned to the country, and that planters
no longer fear to trust their crops with
their factors. They have realized the
fact that the city men are not all bank
rupt—in fact, that nono of them are un
able to meet their obligations. Our own
opinion, based upon the information
which comes to us from the financial and
trade centres of the country, is that the
panic is over—that by the observance of
wise precautions and sound commercial
principles, business affairs may be re
stored to their normal condition of
! healthy quietude. We say by “the
| observance of wise precautions and
i sound commercial principles” trade
I may be made to resume quietly its cus
| ternary channels, because we learn of
j one feature in the disposition of the
j cotton crop, which, if not abandoned,
I may pave the way to great disaster. It
! is admitted that tho liabilities of the
! cotton factors of Augusta will not ex
! ceed two and a halt millions of dollars.
It will also be admitted that our cotton
receipts will reach one hundred and
fifty thousand bales—and a simple cal
culation will demonstrate tho fact that
thirty thous ind bales will liquidate the
obligations of the cotton houses. We
believe that by the “xercise of their
usual dihgenee the planters will hjve this
quantity of cotton in the warehouses by
the first of November—the time at which
most of the acceptances will mature.
But it is of the highest importance that
cotton sales should realize currency, if
we would avoid trouble during the next
month. How do matters stand ? The
factors nave advanced io me piameio,
and the banks have advanced to the
factors. In order to afford relief, then,
the planter must receive currency
for his cotton and the factors
must pav their advances to the banks
with the same medium. This can
not be done, relief cannot be affordec
unless the present system is aban
doned—unless the crop is paid fa
in cash. The present system practical!;
disposes of the crop on credit, and
on* sided credit at that—cash to th
South, credit to the North. The Net
York banks have been in a state (
practical suspension for some time pal
—since the commencement of the panic
That is to say, all their transactions ar
| conducted on a basis of certified checks
and they pay out no money where I
currency payment can be avoided. ThSi
system, recognized and operated bj
tacit consent, may do well enough foi
New York, but how does it affect tht
South? Undoubtedly in a most injuri
ous manner. Let us see something ol
its practical workings. Mr. A, a cotton
buyer, purchases a hundred bales of
cotton. When the cotton is ready for
shipment Mr. A draws his sight draft
on his correspondent in New York and
carries it to his bank. The bank dis
counts the draft and sends it on foi
collection. So far the transaction hai
been confined to the South and to a
cash basis, but now it it is transferred
to New York and its character changes,
When the draft is presented in New
York currency is refused and the do
rnand is met with a certified check
which is useless except in that city
Does not one see how this affects thj
Southern banks ? They pay out thej
currency and receive in return papa
which can not be made available. A streai
of currency fiows out of the banks and I
stream of < ertified checks flows in its
place. The funds of our banks are
daily being depleted, while they receive
! nothing in return. The consequence
| will be, if this thing is persisted in,
that after a while the banks will be un
i able to transact business. They cannot
j stand this drain forever, and when the
j last dollar is gone, then serious trouble
; must necessarily ensue. Can this evil
jbe remedied ? We think it can. We
heard of a plan, partially enforced yes
terday, which will obviate the difficulty.
When the cotton shipper makes his
draft and offers it for discount, let it be
drawn payable in currency, and let this
stipulation be expressly and positively
stated. When this draft is presented it
will have to be paid in currency —a cer
tified check cannot be shoved in the
face of the party who presents the de
mand. It may be said that this plan is
impracticable because the Northern
banks cannot be forced to pay money for
checks, when checks are the only circu
lating medium in New York. This is
folly. We have the power. At this time
we can force the North to terms. Eng
land and the United States must have
cotton, and they can be compelled to
pay for it in cash, not in paper. In
deed, we are informed that on yesterday
the plan, though but partially operated,
was worked successfully. Let the banks
all over the South unite in this policy,
and no second crisis need be appre
hended. Let them continue to drain
their own vaults, and replace their money
with certified checks, and we may rest
assured that the end has not come yet.
“GEORGIA FINANCES.”
Under this caption we publish on our
first page a letter from Col. Thomas P.
Branch, in reply to a recent circular
from Cob John Jones, State Treasurer.
Col. Jones is a faithful, efficient and
popular public servant ; but his zeal for
the interests of the State over-stepped
the bounds of prudence and propriety in
making a personal attack upon a private
citizen, as in the ease of Col. Branch,
who defends himself in this letter from
the unjust and injurious aspersions of
Col. Jones.
INTERESTING REMINISCENCES.
It is reported that the late George N.
Sanders left a number of manuscripts
and memoranda of persons and things
with whom and which he had come in
contact, and that the papers will be ar
ranged and published in due season.
Hardly any man of his time has had
more intimate knowledge of the political
events of the last thirty or forty years,
and his revelations of Washington life,
if faithfully made, would certainly
prove sensational. It used to be said
before the war that Sanders had a
larger variety and number of old ex
periences than any other resident of the
National Capital. He often threatened,
it is said, to write a book for the edifica
tion of future generations ; and the re
port that he has left material for such a
publication is not at all improbable.
He was on most intimate terms with
Webster, Jackson, Clay, Calhoun, Ben
ton, Cass, Van Buren, and all the promi
nent statesmen and politicians North
and South.
THE EQUITIES.
The Atlanta Constitution declares that
there was no equity in the bogus bonds
of the State held by Henry Clews, and
asserts that none of them should be
recognized or receive payment. It still
seems to" cling to the existence of the
equities, however, but Insists that the
equity of the holder of a fraudulent
bond shall not be recognized, “save
after full investigation and clear proof
that he was an innocent holder for value
without notice of fraud.” Does the Con
stitution think that any further investi
gation is necessary ? Have we not al
ready had one, full and searching enough
to answer every purpose ? Were not the
members of the Bond Committee able,
patriotic and impartial gentlemen, and
was not their report conclusive and ex
haustive ? We do not believe the Leg
islature should allow this unsavory sub
ject to be again opened. Another in
vestigation can only lead the way to
frauds and perjuries without number.
The fraudulent character of the bonds
and the guilty knowledge of their hold
ers have been fully demonstrated, and
there is no reason for consuming time
and money in an investigation which
can prove nothing not already proven.
THAT “CIRCULAR."
We have seen the “ circuhir” in rela
tion to the Nutting Eights which roused
the ire of the Atlanta Herald and caused
Col. Tlios. P. Branch to be charged with
conspiring against the credit of the
State. It was issued September 13th,
1873—nearly two weeks before the so
called panic commenced in Augusta—
and offered to the public the following
securities: Georgia Eights, with Oc
tober coupon, at ninety-six; City of
Atlanta Eights, with January coupon, at
seventy-nine; Rome Sevens, with Oc
tober coupon, at sixty-seven ; Selma
Eights, with January coupon, at seventy,
and South Carolina Railroad Sevens,
with October coupon, at fifty-five. Does
this offer look like an attempt to depre
ciate the credit of the State or to
injure the sale of the Nutting bonds?
Is it injuring the State credit to ask
ninety-six for her bonds, when the obli
gations of the wealthy and growing city
of Atlanta, bearing the same rate of in
terest, are offered at seventeen cents less
on the dollar, and Rome bonds, bearing
one per cent-, less interest, at thirty four
cents less ? We think that the injustice
of such a charge, based upon such
facts, is very apparent. If the State
can negotiate her bonds at muety-six
cents, her credit certainly stands high
higher than that of any other Southern
State, and higher than the credit of a
good many Northern and Western States.
A POPULAR MISTAKE.
The St. Louis Republican says that
‘‘A great many persons have the idea
that- money is only a medium of ex
change. This is an egregious mistake.
Money is something else than a medium
of exchange; it is a representative of
values; and for this reason it must have
an intrinsic value of its own by which
to measure the value of the commodities
exchanged. Gold and silver possess
this intrinsic value. A gold dollar repre
sent a dollar's worth of labor and ma
terial—the labor of mining and coining
it, and the value of the gold itself, to
the arts. A thousand dollars in gold or
|silver is worth a thousand dollars; it
will purchase a thousand dollars' worth
jof commodities wherever the commodi
ties are to be had, in London, Rome,
jCairo, Hong-Kong, Bombay or Hono
lulu. But a thousand-dollar United
.States greenback-bill has no intrinsic
f -alue beyond the cost of printing it—
-3 bout 10 cents. It has an artificial value
itself, and that is the credit of
jhe United States Government to the
amount of §I,OOO. That Government
promises to pay §I,OOO to the bearer who
presents it, and it passes current in the
United States because the people be
lieve the Government will keep its
promise. But it would buy nothing, or
Lext to nothing, in Cairo or Hong
|Ko ng.'' |
c In Cincinnati all th© banks resumed
Currency pavment Mondav. No run.
AUGUSTA, GA., WEDNESDAY MOiSTING, OCTOBER 22, 1573.
PRODUCTIVE LABOR.
Ex-President Fillmore, in a recent ad
| dress at the opening of the Buffalo Ex
position, said: “ Productive labor is the
source of all wealth. All the money
made and lost in the exchange in Wall
street does not add one iota to the
wealth of the nation. Some individuals,
it is true, become suddenly rich, but
what is added to their wealth is taken
from the wealth of some other man, and
is not unfrequently the hard earnings
of patient toil and pinching economy.
But occasionally we see the wealth of
the favored few vanish before our eyes
like the baseless fabric of a dream. Do
not envy such millionaires. But pity
the poor dupes who have been crushed
by their fall. To lessen, if not to pre
vent these evils, it is time the nation
rose as one man and demanded a speedy
return to specie payments.”
TO THE PLANTERS.
The communication signed “A Friend
to tho Planters ” is from one of the most
virtuous and distinguished of Georgia’s
citizens. The obligations resting upon
those who have obtained advances to
make their crops are both sacred and
imperative, and their duty, in the pre
sent embarrassed condition of the mer
chants and factors, is to send their cot
ton to market as soon as baled. Every
planter who has received advances
should do all in his power to fulfill his
contract in good faith, and thus enable
our merchants to meet their paper when
it falls due. So much, at least, of the
cotton as may bo necessary to liqui
date honestly contracted debts should
be forwarded to market without delay.
And, indeed, this mast be done in order
to save our people from the ruin which
stares them in the face, and which
honesty and good faith alike demand
shall be averted by the timely action
of the producer in forwarding the crop to
market. When the planter has met his
obligations, he can, if he sees proper,
hold that portion of his cotton which be
longs to himself for better prices. But
now his first duty is to forward his cot
ton to the merchant or factor to pay his
honestly contracted debts.
PRESIDENT GRANT’S VIEWS.
President Grant’s commentaries on
our financial troubles are both lucid and
lengthy. In an interview with a re
porter he discourses about the financial
situation as intelligently and familiarly
apparently as the ablest financier in the
country. He looks upon the recent
money panic and the shrinkage in the
values of certain securities as a blessing,
and gives it as his opinion that this is a
favorable time for the resumption of
specie payment. He considers the policy
of paying interest on deposits a bad one,
and advises its discontinuance, because
the inducement has hitherto drawn
money from the country into the com
mercial centres, where the banks loan it
out to speculators who pay a large rate
of interest, and use the money in un
certain and illegitimate speculation.
The President regards the general
condition of the country as pros
perous, and thinks that the panic
will prove a blessing in disguise. If the
views which are presented from Wash
ington this morning be really those of
General Grant, he is not the lame
apology for a President that some peo
ple take him to be.
TIIE VETERANS OF THE MEXICAN
WAR.
An esteemed correspondent desires us
to suggest the propriety of the Georgia
survivors of the Mexican war holding a
meeting in Macon during the approach
ing State Fair—on Thursday, the 30th
instant. Other States have held these
meetings preparatory to effecting a, na
tional organization, and Georgia should
not be behind her sisters. We willing
ly comply with our correspondent’s re
quest, and trust that the meeting will
be fully attended. Georgia has good
reason for feeling proud of the record
made by her brave sons in that great
struggle, and she should desire to have
its glorious memories kept alive and
perpetuated. There are more of these
survivors than is generally imagined,
and should even half of them attend
there will be a most successful reunion.
Wo know several gentlemen, residents
of this city, who served beyond the Eio
Grande and acquitted themselves ns
true men and gallant soldiers, who
should be present at the meeting. Gen.
Henry R. Jackson, of Savannah, Colonel
Jackson in Mexico —a distinguished
commander in two momentous strug
gles—is the senior officer in Georgia,
and will probably preside over the meet
ing. ___
THE PEABODY EDUCATION FUND.
In presenting his seventh report, Dr.
Barnas Sears, General Agent of the Pea
body Education Fund, remarks that
there are many encouraging circum
stances in the general condition of pub
lic schools South. The discouraging
circumstances are few, and are the effect
of inexperience, ignorance, or prejudice.
These arc, the Doctor thinks, gradual
ly yielding to the increasing light of
knowledge, and are sure, sooner or later,
to pass away.
Dr. Sears urges that, in enlightening
the people on the subject of a good pub
lic school system, more is often accom
plished in a short time by a few ex
amples of well organized and well con
ducted schools than could be by long
and repeated discussions. Men may be
convinced of the unsatisfactory charac
ter of existing schools, and yet, never
having inspected any that are models of
excellence, may despond of ever seeing
much improvement.
The chief aim, in the present mode of
distributing Mr. Peabody’s munificent
gift, is to enable cities and towns in all
parts of each State to teach people wis
dom by example.
Aid was afforded the States during the
past year as follows:
Virginia, §32,800; North Carolina,
§12,550; South Carolina, §1,500; Geor
gia, §10,200; Florida, $8,800; Alabama,
87,000; Mississippi, §4,450; Louisiana,
§7,890; Arkansas, §9,500; Tennessee,
§2s,6oo;West Virginia, 815,550—making
a grand total of §135,840.
The $10,200 given to Georgia was dis
tributed as follows : Atlanta and Augus
ta. §2,000 each; Macon, §1,500 ; Bruns
wick, §1,000; Savarnah and the colored
normal school at Atlanta, §BOO each ;
Columbus, §600; Kinggold, Senoia.
Dahlonega, 872d and 874th military dis
tricts, each §3OO.
The Board of Trustees is composed of
sixteen gentlemen—Hon. A. H. H. Stu
art represents Virginia; Hon. William
Aiken, South Carolina; Hon. William
Graham, North Carolina; Gen. Richard
Taylor, Louisiana; Mr. GeorgeN. Eaton,
Maryland, and Hon. Samuel Watson,
Tennessee.
The next annual meeting will be held
in New York on the second Wednesday
of October, 1874, unless, after consulta
tion with the Trustees, the Chairman
(Mr. Winthropi arranges for said meet
ing at the White Sulphur Springs in
August, 1874.
London, October 15.— The British
Government having officially represent
ed to the Emperor of Brazil the suffer
ings of English emigrants to that coun
try, free passage has been given to 164
of the emigrants by the Brazilian Gov
ernment.
CHICAGO C#HrD>
Through Illinois. IncitdjMtftCentiic'ky,
Tennessee, North Booth
Carolina and GeorgfiWVßig Rail
road Talk.
[Chicago Tribune, CHA 10,]
A convention of pers3fc®tereßted in
the Chicago and Soafrajlotic Rail
road, and favoring its jafeediate com
pletion from Chicago ternaries ton, S.
C., through Illinois, Inj||fo, Kentucky,
Tennessee, North and Sotto Carolina,
and Georgia, was held tin & club room
of the Palmer House yesterd i afternoon,
and was numerously att®mi i by dele
gates from those Sta'tes. Ck! Crosswell,
of Chicago, called the j to order,
and read the following aduri s ;
“Gentlemen —lt is scarce necessary
for mo to remind you two years
ago, the business portion of i ir city was
devastated, and our people w 'e literally
mourning the calamity befallen
them in sack cloth and aShes,Treceiving
succor from the civilized portftns of the
world. But they are no lowij pros
trated. They have arisenYcuS shaken
the dust from their to-day
present, in the ASihe city,
better evidences of entergrtßafcSd rapid
advancement than can 1 rffJScjftin any
spot on the face of thegliflja.ijjjife limits
of our town are rapidly to the
North, South, and H'pstjMjST enter
prises, requiring large exwknjtnres of
capital, are daily adding occupa
tions of our people, aiuWH®| to
estimate our future
the succeeding years
when the increase in
tion will make us equal vtiDahg flfet’in
the race for snpreruacyj.idHßj'iory of
Egypt was manifested m|FraVding of
her immense Pyramids, r «M*Pg years
of labor by multitudes jJf®fi)eii. The
monuments of the com
prised in our great works iff internal im
provement, providing rapidly of com
munication, fostering anfy increasing,
the facilities of commerce asduthe spread
of civilization. The our com
ing to gether is to disensq one of the
most important railroad projects that
has claimed the attention of ,/>ur people.
The Chicago and Southern Atlantic Rail
road is designed to be a manual benefit
to ourselves and to the people of the
country it passes through. To us, by
affording anew outlet to the sea in the
direction of the fertile islajjds of the
Antilles and the South American Conti
nent, and to the Southern States by a
direct exchange of products and furn
ishing the means of transportation for
her abundance of mineial wealth and
staple commodities—cotton and tobacco.
Time has become of paramount impor
tance in all our movements; especially
so in everything pertaininjg to com
merce. In business transactions we
seriously think “if it were 4°ne, when
’tis done, ’twere well it were pone quick
ly.” By this line of communication
there will be a saving of it least six
hours in reaching the Atlantic coast
from Chicago, an indispeasable con
sideration for those who, like ourselves,
can not afford to wait; aqd I am most
happy to find that Indiana, Kentucky,
Tennessee, North and South Carolina
and Georgia are fully and ably repre
sented by delegates who have come here
to confer and unite with us in pushing
forward this important enterprise and
prosecuting it to completion. I will
•onclucle, leaving details to those pre
pared to explain the merits of this great
work.
For the purpose of organizing this
convention, I will nominate for tem
porary Chairman the Hon. W. S. Hay
mond, of Indiana.”
Mr. Raymond was elected. He thanked
the convention for the houor conferred,
and proceeded to explain the benefits
which the entire Northwest would de
rive from a railroad such as the Chicago
and South Atlantic was intended to be.
He believed the road would be speedily
constructed, as the inhabitants of the
oountry through which it would pass
were in need of transportation facilities,
and thoroughly understood and ap
preciated the importance of'the line to
the whole country. It would penetrate
the richest and most populous sections
of seven rich and populous States, and
would be without a rival, for, the profit
able business to found there'.
Major N. J. Vail waschosentemporary
Secretary of the meeting.
The names and residences of the dele
gates present were then taken. The
list showed that there were 47 from In
diana; G from Kentucky, 12 from Illi
nois, 5 from North Carolina, 12 from
South Carolina, 3 from Georgia, 2 from
Tennessee and 4 from the Indianapolis
and Yevay Railroad Company, making
a total of 89.
On motiou, a committee, consisting of
one delegate from each State, was ap
pointed by the chair to form a perma
nent organization.
The following gentlemen composed
the committee: W. R. Gulick, South
Carolina; the Hon. W. L. Love, North
Carolina; J. H. Stewart, Indiana; T. L.
Jones, Kentucky; R. J. Wilson, Tennes
see; Robert Rae, Illinois; John W.
Nicholson, Georgia.
The committee retired to an ante
chamber for the purpose of making
nominations for officers, and, after a
brief absence, submitted the following
report to the convention ;
President —The Hon. Beriah Magof
fin, of Kentucky.
Vice-Presidents —Cyras H. McCor
mick, of Illinois ; Jamas N. Sims, of
Indiana; Col. J. S. Jolnstdfl, of Ken
tucky; R. J. Wilson, of Tennessee; Gen.
Thos. L. Clingman, of North Carolina.
Capt. Erwin, of Georgia; Gen. J. W.
Harrison, of South Carolina.
Secretary —Major N. J. Vail, of Il
linois.
Assistant Secretaries— James Dudley,
of Kentucky; George Uhl, of Indiana;
D. Morns, of Tennessee; C. D. Smith,
of North Carolina; John 0. Johnson, of
Georgia; D. R. Duncan, of South Caro
lina.
The report was adopted.
Governor Magoffin, o» taking the
chair, was loudly applatded. He re
turned his thanks to the convention for
the partiality shown him. It was a dis
tingushed honor to be cliiseu to preside
over such an assemblage jof representa
tive men. Referring to Chicago, and
tho wonderful rapidity with which it re
covered its energies after the great fire,
he said it was the marvel of the world in
its enterprise. While Cincinnati, St.
Louis, Louisville and other cities were
talking about building the road to
Charleston, Chicago stepped quietly in
and commenced it. This was only a
sample of the public spirit of its people
iu all things.
Gen. Clingman, of North Carolina,
being called on for his opinions con
cerning the proposed road, described the
topography of the country through
which it would run. He showed that
there would be but few natural obstruc
tions to be overcome between the ter
minal points of the road, and that its
construction would be comparatively
easy work.
Ou motion, speeches were limited to
twentv minutes each.
The Hon. W. L. Love, of North Caro
lina, said that the people residing in the
Western portion of thatStatehad looked
long and anxiously for railroad commu
nication with Chicago. They have ta
ken hold of the Chicago and South At
lantic project because Chicago seemed
interested in it, and it was thoroughly
understood all over the country that she
put all her projects into speedy effect.
He believed Chicago could build the
proposed route to the South without
half trying. He then described the gen
eral situation of the country to be passed
through, and could find only one spot
where railroad building would be at all
troublesome or expensive. In agricul
tural and mineral productions the coun
try to be penetrated by tfae intended
road could not be surpassed anywhere.
Prof. Smith, a geologist from North
Carolina, confirmed the statement made
by previous speakers concerning the
mineral wealth and topographical excel
lence of the Southern end of the line.
His speech was poetic, eloquent and
patriotic.
Mr. W. R. Gulick, of Columbia, S. C.,
followed in an explanation of the agri
cultural resources of his State. It was
essentially a cotton growing State, and
while it had an abundance of that com
modity to sell, it was compelled to pur
chase food, because it could not raise it
to any great extent.
Mr. John H. Evans, of South Caro
lina, sketched the history of the project
set on foot in 1536 to connect Charles
ton and Cincinnati, and said it was emi
nently proper that an enterprising citv
like Chicago should resurrect it and
carry it through.
Gen. J. W. Harrison, of South Caro
lina, who has been for years connected,
in one way or another, with the South
Atlantic Railway enterprise, gave its
history, and pointed out the difficulties
which beset it in the early part of its
career. He counselled prudence in se
lecting or indicating a route until char
ters were secured and necessary pur-
chases made. The four Cotton States
of the South were the States which
Chicago should look after. They had no
corn, and could not raise their own pro
visions. He had noticed in the East
ern papers sneering allusions to Chicago
in its attempt to become the money
centre of the country. It could be
made a reality by opening up the South
ern country and trading with Europe
through the South Atlantic ports.
Mr. D. R. Duncan, of South Carolina,
said he hoped the statements of indi
vidual delegates would not weigh in the
location of the road.' It was the coun
try lying south of the Cumberland Gap
that was the objective point, not the
residences of the delegates. Talk was
nota-equired; it did not build railroads.
Work was needed.
At the conclusion of the gentleman’s
remarks, an invitation from Potter
Palmer to the members of the conven
tion to accept the hopitalities of his
house during their stay was extended by
Mr. Rae. J
The convention then adjourned until
7:30, p. m.
EVENING SESSION.
The convention reassembled at the ap
pointed hour, Governor Magoffin in the
chair.
Captain J. S. Sims, of Clinton county,
Indiana, spoke of the natural advantages
of that county, and the benefits that
would accrue to it if the proposed road
was constructed. The people of the
county felt a deep interest in the road,
and he, as their representative, was au
thorized to offer a subsidy of $4,000 per
mile. He believed the road would help
obliterate the differences that may exist
between North and South, and make
both sections more friendly than ever.
Mr. P. L. Davis, of Ohio county, In
diana, and also representing Boone
county, Ky., claimed that the route
through both of these counties was the
most feasible of any that had been pro
posed. It would necessitate less grad
ing, and the road could be more easily
constructed. All the people of the
counties which he represented wanted
Was that the managers of the proposed
road should examine the location. He
felt certain that a subsidy of SIO,OOO
per mile would be cheerfully given. The
distance would probably be ten or six
teen miles. He hoped the road, if it
was decided to build it, would be solidly
constructed, and intended for the future
as well as for the present.
Mr. J. S. Murray, of South Carolina,
contrasted the Chicago of to-day with
the ruined city of two years ago, and
said the indomitable energy and untir
ing perseverance of its people, as shown
in the rapid reconstruction of the city,
was a guarantee that the South Atlantic
Eailway enterprise would be pushed for
ward by them. If the city could be re
built in two years, the road could be
constructed by the same people in less
time. Tfle first thing to be done was to
send out surveyors and have them care
fully examine all the proposed routes.—
He wished to combat the assertions of
previous speakers from his own State,
that a convention of nine States, in 1836,
had decided that the only feasible route
for a South Atlantic Railway was
through the Cumberland Gap. The
gentlemen were mistaken. Other routes
had been discovered and adopted, and
trains were now running over them. If
he understood the object of building
the proposed road, it was to afford an
outlet for the surplus productions of the
Northwest for the benefit of the South.
This object would not be attained if the
French Broad route, with Charleston,
S. C., as a terminal point, Was adopted.
It would throw the road out of Com
munication with the very section that
stood most in need of the surplus pro
ducts of the Northwest. Such a line
would not suit the demands of the peo
ple, and, if built, would be a failure.—
The people whom he represented would
be compelled to build another line ac
cording to a different theory, and would
do it, because the entire Southern coun
try stand in need of it. The speaker here
described the route which his people
proposed to follow. By it the four great
Cotton States of the South could be
reached, and by none other. Charles
ton could not be made a granary. The
climate was against it. Corn would
mould there, and flour would become
worthless while waiting shipment. The
question now was not the mere one of
grade. The principal question was,
Where shall this road go to make it suc
cessful ? Charleston could not be made
the metropolis of the South. It had
not the necessary harbor facilities. Port
Royal, on the other hand, had every ad
vantage. Its harbor was probably the
best on the entire Atlantic coast, and its
general situation was superior to that of
Charleston. Only recently a line of
steamers was put on which connects it
with Liverpool. He was authorized to
say that the people whom he represent
ed would build the road from Anderson
Court House to any designated point on
the coast. All they wanted was that
Chicago capitalists would bring the road
to them. The interests of the North
west and the South were almost identi
cal. The former was the producer, the
latter the oonsumer. The Rabun Gap
route was the only one that could be
made available to render the South any
service. If a route north of that was
selected by the convention, the people
whom he represented, when they became
aware of its action, would take imme
diate steps to build the other line.
Mr. T. B. Jeter, of South Carolina,
said the remarks of the previous speaker
had astonished him. He could not un
derstand why the gentleman should ask
for assistance when he was so positive
that his people would build another line
immediately unless the proposed one
was laid according to their notions. He
was also astonished at the statement that
grain and flour could not be kept at
Charleston. If not there, they could
not be kept in any contiguous port on
the coast —certainly not at Port Royal,
for there was but little difference jn the
climate. The difference in distance be
tween the proposed line to Charleston
and the one advocated by the gentleman
was very small, and its advancement
was a weak sophistry. There must have
been strong and convincing arguments
brought to bear on the convention of
1836, when it was induced to pass a reso
lution unanimously that the French
Broad and Cumberlund Gap route was
the best one. The county which he
represented would give $150,000 toward
the Chicago and South Atlantic.
Mr. B. F. Whitmer, of South Carolina,
followed in favor of the Blue Ridge
route. The State of South Carolina has
adopted it, and it has been considered
the most practicable one for more than
twenty years. There was a piece of road
there now that could be bought for
$400,000, because it was in bankruptcy.
The Secretary announced that the
I subscriptions already pledged amounted
j to $4,080,000.
, Mr. Alexander S. Erwin, of Georgia,
| spoke in favor of the Blue Ridge and
I Raburn Gap route. A Short road was
| now being built at the latter point, and
| connections oould be made with the
j Georgia Central, a powerful corporation,
| whose road runs through the best portions
jof the State. By adopting this route all
of Georgia and the most fertile parts of
[ Florida could be reached. In the mat
| ter of aid, Georgia would furnish rail
| roads already built and stocked. The
j gentleman closed by speaking in com
j plimentary terms of the people of the
| entire Northwest, and especially of Chi
! cago.
[ Col. Wilson, representing the Knox
j ville fTenn.) Board of Trade, said he
| lived upon the line of the Blue Ridge
I route, and naturally enough was inter-
I ested in its success. He thought it was
j the only one the convention could with
| safety adopt.
! Col. T. L. Jones, of Kentucky, was
j called upon for a few remarks. He said
he was representing South Carolina
i more than his own section, and he was
j entire conversant with her needs. He
; could say, however, that Cincinnati had
! made a great deal of noise and a num
! ber of surveys, while Chicago was doing
! active work in getting hold of South
; era trade. He closed by saying that he
j was altogether in favor of the Cumber
j land Gap route. Direct and rapid oom- |
j munication with the ocean was what!
! Chicago wanted, not the small interior 1
| trade of the counties. The most direct j
j route to the ocean was by way of Savan- ’
nah or Port Royal.
| Col. J. S. Johnson, of Kentucky, next !
: spoke. He felt certain his State would i
:do its share towards constructing j
| the proposed road. He believed the j
best route fqr the line lay through
i Frankfort, the capital of Kentucky, j
i where it was comparatively easy to cross
: the Kentucky river. He would not press
j the claims, however, but would say that
the entire State wanted the road con- |
structed immediately.
Short speeches were made by other
gentlemen, and the convention ad
journed until this forenoon.
New York custom receipts, $393,000,
REVIEW OF THE COTTON MARKET.
[Extracts from the Financial Chronicle.]
New York, October 10, 1873.
SPOT COTTON AND FUTURES.
Financial affairs the present week,
■ although steadily gaining, have not
! shown any rapid or marked improve
ment, consequently commercial interests
have continued without much apparent
life, the difficulties in the way of the
movement of merchandise being aggra
vated by this delayed recovery in mone
tary circles. Cotton has shared in the
general stagnation, showing, however,
but slight fluctuations, though the
strength and character of the demand
has been variable. Monday there was a
good inquiry for export, but little else
was done. Tuesday was dull. Wednes
day and Thursday there was more doing
for export, with a fair business for con
sumption. To-day shippers were em
berrasseil by the lower rates for gold
and exchange, while spinners purchased
sparingly, and as a result prices fell oil'
jc. Offerings during the week have
been limited; and Liverpool has been ac
tive and higher, while the receipts have
averaged scarcely more than half as large
as last year; these facts have supported the
market, notwithstanding the actual busi
ness done has been so small. For fu
ture delivery, until to-day, increased
strength has been developed for the
early months, with a good degree of
activity, while the later months have
varied but little, not showing any .con
siderable activity. In fact, there* has
been little disposition to speculate up
on the general result of the crop. But
for this and the next two months there
has been a strong inclination to secure
supplies, and we are under tho impres
sion that most of the purchases for Oc
tober, November and December have
been by parties who will v. ant the cot
ton. To-day the market was dull and
weak, the whole turn of affairs being to
ward lower prices, and after ’Change
there was a further decline, the latest
prices after ’Change being 15 19-32 for
October; 17 5-16 for December; 17| for
January; 17 9-16 for February, an i 17
27-32 for March, with a large business
doing. The total sales for forward de
livery for the week are 50,500 bales, in
cluding free on board. For imme
diate delivery the total sales foot up
this week 9,643 bales, including 4,247 for
export; 5,318 for consumption; 78 for
speculation, and in transit. Os the
above 594 bales were to arrive.
Weather Reports by Telegraph.—
Our telegrams to-night give a favorable
report of the crop so far as the weather
is concerned; it has everywhere been
suitable for picking purposes. A slight
frost is reported in some sections, not
sufficient, however, to do any harm.
From almost everywhere we have com
plaints that the cotton is not being
marketed freely, and in many sections
sickness has put an embargo upon its
movement. Our correspondent at Gal
veston states that the crop movement
there is retarded by up country sickness
and quarantines; they have had no rain
during the week; Saturday and Sunday
were unseasonably hot, the thermometer
being 80; Monday and Tuesday there
was a cold north wind, thermometer 62,
and on both nights frost in Northern
Texas, but no report of damage has been
received; Wednesday, Thursday and to
day, have been pleasant. At New Or
leans there has been no rain, b it cold
nights and warm days with a slight frost
one or more nights. Our correspondent
at Vicksburg also reports frost, but not
a killing frost; there has been no rain
there all the week, and picking is pro
gressing satisfactorily. A frost is also re
ported at Memphis, but no rain during
the week. Our Nashville weather report
has failed to reach us. At Mobile it has
been cold and dry all the week; picking
is making fine progress, about one-half
the crop having now been secured.
There has been also continued dry
weather at Montgomery and Selma, with
warm days and cold nights. Our Mont
mery correspondent adds that picking is
making excellent progress, but the
amount still left in the fields in that vi
cinity is small. At Macon and Colum
bus they have had no rain, but at Co
lumbus a slight frost is reported. It
rained on one day at Savannah; they had
had a slight frost one night. At Augus
ta cold nights but warm days and no
rain are reported. Our telegram also
adds that cotton is beginning to conic in
more freely. It has rained on two days
at Charleston; picking has been inter
fered with by the election excitement,
resulting in a scarcity of labor; there
has been a frost, but not a killing frost,
this week. The thermometer has aver
aged 74 at Galveston, 67 at Montgomery,
68 Mobile, 72 Selma, 67 Macon, 68 Co
lumbus, 68 Savannah and 60 Memphis.
The India Crop and Cotton Hoard
ing in the United States. —We have
received complaints the past week from
various portions of the South with re
gard to planters holding back their oot
ton for higher prices. That there is not
at present a free movement of the crop
is evident, but according to our idea, as
we stated last Friday, this is the natural
result of the financial disturbance and
of the yellow fever. The panic has for
the moment crippled the whole South,
as itpreviously had the North, and every
where checked the free flow of merchan
dise ; while the yellow fever is also,
as every one knows, having a very con
siderable influence in the same direc
tion. Still, as there are some who im
agine that the Winter months will be
better than the present for marketing
cotton, and are advising planters to hold
on, there are one or two considerations
worthy of their notice.
1. Justin proportion as the natural
movement of cotton is held in check
now, will it be unnaturally increased
when the obstacles which hold it back
are removed. This is self-evident, for
if you temporarily dam up the stream
you only increase the subsequent flood.
November and December are likely to
see these obstacles removed, and if at
the same time the Western rivers should
rise the movement of cotton in those
months would he naturally large. The
result of large receipts is always a be
lief in the largest estimate of the crop,
and this is followed be lower prices
both here and in Europe, whether the
event justifies it or not. Remember also
that this year the comparison will be
with last year, when during those
months, for special reasons, the reoeipts
did not bear the ordinary proportion to
the total yield.
2. Then again, later on, our supply
will have to contend with that which is
to come from other countries, and more
especially from India. Last year, at this
time, it will be remembered, that the In
dia supply was entirely exhausted, the
old crop having been wholly marketJH
previous tq tfie monsoon. This condi
tion is noV changed, all Bombay au
thorities agreeing that a very consid
erable stock remained in the interior at
the setting in of the usual rainy season.
We have not the space necessary to make
quotations on this point now, but this is
the testimony of Messrs. W. Nicol &
Cos., Finlay, Muir A Cos., Sir Charles
Forbes A Cos., Ac., and is beyond ques
tion. On top of this, they have now in
an advanced state the new crop. Our
weekly cable dispatch has shown that
thus far the plant has done re
markably well, and last Friday it stated
that the return of acreage showed
a considerable increase, hmoktug at
the latest mail f«Mortsi which we have
reofliyed, August 29. th, we find our in
formation by cable’more than confirmed.
Messrs. W. Nicol & Cos., under that
date, write: “From ail quarters we
have most favorable accounts, and a
bumper crop is quite expected, unless
something unforeseen should happen
between this and when it should come
to maturity.” At the date that w r as
written the return with regard to in
creased acreage which we received by
cable last Friday was of course not
known. A further fact of interest to us
is given by Messrs. Finlay, Muir & Cos.;
in speaking of the crop in the Berars
they say “there has been a marked in
crease in area of land, sown with Ameri
can seed, the produce of which last year
had a very fine staple. 1 ’ Butting" all
this together, does it not look more than
probable that November and December
India shipments will be very considera
bly in excess of last year, and after the
first of Jannary show a further compara
tive increase.
3. Let us go one step further, for no
one can act intelligently without having
before him all the possibilities. Sup
pose the idea of the crop in the United
States which has been issued by the
Agricultural Department should prove
to be the right one—that is, that the yield
is to be something in excess of four mil
lion bales. We do not express the opin
ion that such is to be the case, for we
have not received the necessary returns
to base an opinion upon; and besides
until we have had a killing frost it does
not strike us that any estimate is worth
much. No one, however, after last year’s
experience can say that such a result is
not at least among the possibilities. So
long then as it is possible, in what esti-
mafcion can we hold advice given to the
planters to hoard their cotton at tin's
early date ? Let the bulk of a four mil
lion crop, or a crop that approaches four
millions, come on tho market at the
height of a considerably enlarged India
movement, and it does not require much
of a prophet to foretell the result.
Gunny Baggs, Bagging, Ac. —Gunny
cloth has ruled rather quiet the past
week, and we have but few transactions
to note, trade being still limited to a
few small lots to meet the* demand from
the South. Prices remain steady and
unchanged, but cash buyers can obtain
slight concessions. Wo note u sale of
200 rolls domestic in lots at 13|0., and
also directly following our last there
was a sale of 250 rolls at the same figure.
Bcrnee and Gauripore are quiet and
nominal at 13je. Bugs are quiet, and
very little inquiry is manifested; quoted
at 13(§H3jc., as to weight. The jute
market is overstocked, and very few
lots nre moving. The Calcutta circular
of Messrs. Stokes, Coleman k Cos., un
der date of August 26th, says ; “Sup
plies of jute do not arrive as fast as was
expected, and some balers that sold for
delivery this month and next have
found themselves obliged to pay ex
treme prices for loose to cover their
contracts, in some cases making a loss
of fully four ropes per bale on the sale.
Butts ,qrt in fair demand, but selling a
shade lower. Sales comprise 3or 4,090
bales at ljc. currency, cash.
A FROM “ I’iANTKU,"
f OoiOßfß, id, 1873.
Editors Chronicle and Sentinel:
Dear Sirs —ln your weekly of the
24th. September I uotice you have in
serted the article I sent you, for which
please accept my thanks;'but, as a whole,
I cannot accept the comments you have
been pleased to make upon it. I dis
claim charging the factors or warehouse
men with lending a helping hand to’ put
down the price of cotton. Though but a
common planter, I have sense enough to
know that the factors and warehouse
men of Augusta are too sharp to work
against their own interest, and besides,
I am almost intimately acquainted with
the most of them, and am satisfied that
they are of the class of men that would
not so basely betray the great trust that
is reposed in them by the planting com -
munity—the source upon which almost
their whole dependence lies. My first
article, however, shows for itself; but if
the factors and warehousemen will al
low you to fit caps on them, and they
are disposed to wear them, it is their
business, not miue. That there is a
combination over the cotton world to
swell and strengthen the opinion as
to a heavy crop, is too plain to admit
even a doubt. You may not admit the
combination, but you admit that deal
ers and speculators bull and bear (tech
nical phrases, I suppose, of speculators
and dealers, and, perhaps, of editors) to
keep the prices down, and if a planter
complains at the load he is carrying,
and the injustice that is done him by
those who are sitting in the shade and
making their living out of the staple after
the planter lias worked through heat
and cold to produce and put it upon the
market, then, in the absence and silence
of those who are complained of, you, ns
editors, come out and say that “Planter”
is making grave charges, and suggest to
him that he might do tlus and he might
do that with his crops, by which lie
might make or lose money. You tell
the planters in so many words to let the
“futures” alone. 1 agree with yon, but
was it the planters alone that lost this
large amount to the South you speak of V
Did no other class of men deal in them ?
and did none of the cotton men en
courage others to deal in them V lam
sorry to see planters dealing in “ fu
tures;” some of them and, perhaps, all
of them, went into it believing they
were in an honest, legitimate business.
I don’t think so. I think it is a highly
colored species of gambling, and I be
lieve the sooner it is stopped tlio better
for the country. But the planter is
made the hewer of wood and drawer of
water for the balance of the human rape,
and yet he must make no complaint;
he must wag along as best lie can
with the idea that to get along ho must
keep moving. What could you do, Messrs.
Editors, if the planter were to lay down
his implements and quit the tilling of
the soil. It is useless to mention the
various occupations of the world ; but
please name an occupation that could
exist without the aid of the fruits of the
planters’ labor. The remark is often
made in your city that the planter could
not move a peg were it not for the fac
tor, merchant or banker. Where do
the immense profits of your factors,
merchants and bankers spring from if it
is not from the sweat and toil of the
planter? Did you ever know one of
them to put their funds nuy"horo else
than where it paid them tlio largest per
cent. ? If you did, and will show one of
them to Barnum, I’ll venture he will
give the biggest price for him and put
him in a pleasant place in his museum.
Yet these aro all good and useful moil in
their sphere. They do the planters, as
well as other occupations, many favors,
for which they are well paid—it is a mu
tual obligation and help. But now there
is upon us a great financial “break
down.” Well! who is to pay the fiddler?
The planter, of oourse, and lie is paying
it this very hour at the tune of at least
four cents a pound on his cotton. Ho is
now getting sixteen cents, when he
ought to have twenty or more. I say
the planter pays it, and not another
solitary soul or occupation. Now for the
proof. No one will deny that this panic
has reduced the price of cotton, Has ;
the factor reduced his commission, anil j
storage ? Has the movchunt of any class j
fallen in his merchandize ? Have the
fee bills of the doctors and lawyers and
the smaller officials been reduced ? I
Have the salaries of the judges and
other officers of State been reduced V
Not a bit of it. Has any editor reduced
Ins paper or his advertising fees? None.
Nothing reduced but cotton, almost tin
very existence of the planter. It is a
settled fact that we have the fiddlers to
pay. And who are these fiddlers ? I
imagine they are to bo found in this
“Cotton Ring.” This is as bad or worse
than the “Congressional grab.” It is
worse, because that afiected all, and
this only the one class ; but, brethren,
come up and lets foot the bill liko true
and good men. We are bound, as in all
such cases, to make a sacrifice. In tin
first place, last Spring and Summer the
factors accepted our drafts far supplies,
to be paid in November and December ;
and, although at a big'll rate of interest,’
it wan »,ti accommodation to many if not
all of ug. Wo have already been notified
and requested by the faotoru and mer
chants to bring forward our ootton to
meet oar liabilities. They promise that
it shall not be sold at a sacrifice, but
liow are they to prevent our loss ? Cot
ton is now sixteen cents per pound, when
it ought to bring twenty cents. But we
are told that the ootton being m store
we can have an extension. True, but
still there is an additional high rate of
interest added on; so you see the factor
is to have his, and of course the banks
have theirs, and who is to make
good the price of tlio planters’
cotton ? You see wo have to pay the
fiddler, with all the hardships in the
oaao, 4 have go doubt the planters will
carry their cotton in in good time. Then
there are frequent eases where the banks
get tight, no money to be had; ootton
and other produce drops down, but
strange to say there is always money
enough Bcraped up to buy all that is
offered, and all without any decline in
the foreign market. This is a loss the
planter has to pocket. There is an old
maxim or saying that the supply and
demand governs prices. You say that
it is conceded on all hands that the crop
will be much shorter than last year,
when last year the prices ruled from 164
to 19 cents a pound; now they are not so
high with a short crop, This is a down
right and willful injustice. Can it be
remedied ? I think it can. It is said
the darkest time of the night is just be
fore day. May it be ao in this case, and
of short duration. Planter.
The International in Germany. It
will appear strange to those who have
not examined the question that any im
portance should be attached to the
movements of the International in Ger
many. But it is precisely in Germany
that the International is at this moment
most formidable; and it is remarkable !
that, whereas in the next war the Inter- I
national, whatever government may be !
in power, will in France be on the side I
of the French, the International in Ger- !
many will not, under any circumstances,
be on the side of the Germans. The In
ternational takes no account ol national
differences. But it loves the Republic,
as the loosest form of government, under
which it oould most easily gain its less
political than socialistic ends; and it
knows that the present regime in Prus
sia is essentially anti-republican, where
as the present regime in France, or any
regime that may be substituted for it,
NUMBER 43.
must either lead or give way to a repub
j lie of democratic constitution, with
| either a President or an Emperor at its
head. In connection with this subject.,
an article in the last number of the
Revue dot Deux Mondes on German So
cialism may advantageously be consult
ed. The writer points to the fact, with
out deducing any consequences from it,
that all the Socialistic papers in Ger
many (of which there are about half a
dozen) are very hostile to Prince Bis
marck’s policy, that they condemn tlio
annexation of Alsace and Lorraine, and
aro full of sympathy for tiro Commune,
of which one of tlloin publishes a special
history, ingeniously arranged to suit, tlio
ultra communistic views of its readers.
—Correspondence AVw York Times.
KX-BENATOH POMEROY SHOT.
Ex-Congressman Conway Attempts to
Murder “Old Subsidy’’—“He Hutued
Myself and Family.”
Washington, October 11, 1873.—At
twelve minutes past two o’clock this af
ternoon ex-Cougressman M. F. Conway,
of Kansas, attempted to kill ex-Senator
Pomeroy, of the same State. Mr. Pom
eroy was walking up New York avenue,
and, when near the corner of Fourteenth
street, the two met, Conway not being
move than five feet from him, when he
deliberately drew a largo revolver, and,
•before Pomeroy was aware of tlio assail
ant’s purpose, received a ball in Id's
right breast. A second shot let daylight
into “Old I’om’s lmt,” and tile' third
missed him as he fell. Conway, who is
a man of florid complexion and red hair
and beard, did not apparently betray
the least excitement and walked across
the street. Messrs. Addison and Huyck,
real estate agents, in front of whoso
office the attack was made, were stand
ing on the steps near Pomeroy, and the
former immediately went after Conway
and said:
“Here, sir, if you havo cause for
shooting that man you should not run
away. Go back where you belong.”
Conway handed him the revolver and
turned back, when he was arrested. Ho
said Pomeroy had ruined liis family and
he had nothing to live for but revenge.
A SLIGHT WOUND.
The wounded man was taken into Ad
dison’s office and eminent medical aid
summoned. The wound was probed,
bleeding profusely all the time, the ball
apparently penetrating the lungs. l)rs.
Bliss and King shortly after arrived, and
at their suggestion Pomeroy was re
moved to his residence in K street,
where a further examination was made.
It was then found that the ball was not
embedded in the flesh and the wound
was pronounced not dangerous.
the assailant and victim.
Pomeroy is about five feet ten inches
in height, very large frame, and weighs
about 250 pounds.
Conway is of thin, slender form, and
quite effeminate in his appenrace. Ho
lifts been about Washington for two years
past, and was allied to the Greeley move
ment in the last Presidential campaign.
Those who havo conversed with him of
late state that he has betrayed unmis
takable signs of lunacy.
NO CAUSE FOR THE SHOOTING.
Pomeroy says he cannot give any
reason for the unprovoked assault. A
few days ago Conway met him and said
ho was out of money. The ex-Senator,
in his jolly way, replied, “ I can sympa
thize with you for I know now myself
what it is to be without money. ” Ho
regarded Conway as a friend, and the
sudden attack was the more inexpli
cable. When Pomeroy reached home
he insisted on walking up the steps, and
inside the house ascended the main
staircase supported by his physician.
CIRCULATION OF FALSE REPORTS.
Tho report soon obtained wide circu
lation that Senator Pomeroy had been
assassinated. Hundreds assembled at the
spot where the murder was attempted.
The locality is the intersection for three
horse railroads, and an excellent place
to retail news. When three of Pome
roy’s strikers and defenders helped their
prostrate chief into a carriage it was a
refutation of the old saying that when a
man is down he has no friends.
Conway submitted to incarceration
without a murmur, regaling himself on
his old “bleeding Kansas” love. Strange
to say, he walked deliberately out of the
Criminal Court room after Judge Mc-
Arthur had finished liis charge to the
jury in tho murder trial of Blatter, and
live minutes before the affair talked with
a gentleman on political topics without
evincing tho slightest excitement.
HIS AIM AT POMEROY
Was well directed, and had it not been
for the thick clothing protecting Pome
roy’s oliest, tho shot would have been
fatal. Conway was elected to Congress
from Kansas in 1859 and served during
the Thirty-seventh Congress, acting as
a member of tho Committee on Indian
Affairs. He was an aotive participant, in
the stirring affairs attending the settle
ment of Kansas, as a member of tho
first Legislature, as Chief Justice of the
Supreme Court, under tho Topeka Con
vention, and as President of the Leaven
worth Constitutional Convention in 1860.
He was a printer in early life, and was
prominent in orginating ' tho National
typographical Union, but afterwn. r<l
studied and practiced law. He was born
in Charleston about the year 1830, and
had latterly spent most of liis, time in
this city.
About seven o’clock this evening Con
way was released, upon giving #IO,OOO
bail, Alexander Adamson becoming bis
surety to appear at the Police Court on
Monday morning.
This evening Mr. Pomeroy took his
dinner at the usual hour, and complain
ed but little of his wound.
Dr. Verdi gave a certificate that his
wound was not at all dangerous before
Conway’s bail was taken. ,
Pomeroy’s creditors hoi no for the his
toric #7,000.
Topeka, Kansas, October 11, 1873.
A suit in garnishment w»h brought some
days ago in the District Court hern
against the State Treasurer, by the credi
tors of ex-Senator Pomeroy, to recover
the historic #7,000 which figured in the
last Kansas Senatorial election. The
Treasurer filed his answer to-day, de
claring that the money was not in his
possession, he having returned it to the
Lieutenant Governor, from whom ho
originally received it. Personal suits
have now been brought against the
Treasurer and Lieutenant-Goyernor.
The Turf.
Boston, October 15. — At Jerome Park
Catesby won the 1' mile race; nine
started—time, 2:14. Asteroid colt won
the three-quarter mile race—time, 1:18}.
Harry Basset won the handicap sweep
stakes ; two miles—time, 3:311} ; seven
started. Fourth race, mile and 'an
eighth, won by Minnie Mac—time, 2:01i.
Fifth race, match for two thousand dol
lars, between Cross the Lea and Cora
Linn, mile and three-quarters, was won
by Linn in 3:31}. Sixth race, half mile
dash, for one thousand dollars, between
Grey Planet and Girl of the Period, was
won by the former —time, 0:50}. Sev
enth raoe, handicap steeple chase, about
two and a half miles, was won by George
West—time, 5:37}.
The Transportation Committee.
New York, October 15.—Senator Nor
wood arrived in this city this morning
from Washington to attend the meeting
of the Senate Committee on Transporta
tion. On leaving New York the com
mittee will pass over the route of the
James river and Kenawha canal, and
will then examine the route of the pro
posed Atlantic and Great Western
Canal, through the States of Georgia,
Alabama and Tennessee. If the sanita
ry condition of the far South permits,
the committee will also visit Louisiana
and inspect the various internal im
provements and projects there, and go
from thence to St. Louis.
Fitzhugli Lee sends to the Alexandria
Gazette the following letter from George
Washington, written over 120 years ago,
and addressed to “Win. Fauntleroy, Sir.,
,in Richmond,” the brother of “Miss
Betsy,” referred to :
May 20, 1752. Sir—l should have
been down long before this, but my
business in Frederick detained me some
what longer than I expected, and im
mediately upon my return from thenco
I was taken with a violent pleurisy, which
has reduced me very low; but purpose,
as soon as I recover my strength, to anit
on Miss Betsy, in hopes of a revocation
of the former cruel sentence, and see if
1 can meet with any alteration in my
favor. I have inclosed a letter to her,
which should be much obliged to you
for the delivery of it. I have nothing
to add but my best respects to your good
lady and family, and that I am, sir, yoiu
most obedient bumble servant,
G. Washington.
A. K. Davis lias been appointed post
master at Macon, Miss,, vice Simpson,
suspended.
