The Lancaster ledger. (Lancaster, S.C.) 1852-1905, November 04, 1857, Image 2
THE LiMtSTGR LEDGER
o^o
Published every Wednes lay Morning
BV
W. M. CONNORS
-CB1TOK AKD PROPUl-BTOIt.
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T E R M S :
i u advance, - f-'"0
a.7 the expiration ot Six Month*, .... -.'.{io
At the end of the Year, - - - a.oi'
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ADVERTISEMENTS
Will be inserted at the following low rates:
One square (of Id lines or less,) one insertion,
Vl ; or, it continued, 75 cents for the tirst insertion,
and 50 cents lor each subsequent iuserion,
Si'e Foiii ill l'age for deductions in
vor of standing advertisements.
The number ot insertions must be w ritten 011 t
each advertisement, or tliey v. ill lit insetted till !
ordered out and charged accordingly.
Correspondence of the L u-.e 1 ster Ledger.
New Youk, Oct. 27, lb57.
1 ?eau I.nx.ER : I must appologi/.e for
not writing t'<>r your issue* of the past two
weeks, belorc J say anything fur your road
ers. The truth i* 1 slatted oo a journey
over Jordan, but thanks to the doctors, or
a strong constitution, or both. 1 turned
back; and am willing, I assur* you,to post,
{tone the journey, lor many day s to come.
Of .what shall I write ? shall it be of the,
ell engrossing subject of intcreV here ? if
so ; my subject thence will be.tbc hardness
of the times, and the. ruin that has fallen
upon many; and is impending o\cr many
more, great and snmll, rich and poor.?
Money, money, is still the cry, and still
money is wanting. The banks withold
o...:. I.III.. ...I.: .i. . . .. -1 : - '
tuvit umi", .i?cn ? itMiis a umrii'iK'y im rir?
oulation in Ihe city of about six millions of
Dollars, at least. Tliis is a startling deficit; i
and unless it is supplied, ruin will come to |
many a house. I say about six millions, j
A few months since and a much larger sum
was in circulation, but it is thought that j
with that sum we could get along.
Since I wrote you last, all of our banks ,
lmvc suspended, save the Chemical Hank
alone. This institution weathered the
storm in 1837, and came through that trying
time with its colors Hying; and now elated :
by Its ancient glory it has nailed its colors
to the mast and has determined looveicome (
all difficulties. It is to he hoped that he- !
fore long the legislative- bodies of our com- I
mon country wi'l hit upon some plan
whereby all hanks may he made like the
old Chemical. Dishonesty has brought
ruin upon us. Speculation of all sorts, and j
in produce, money and stocks ; and an ex- ,
Il.?> 1.1 ?.1 . 1... .
kllMil^UUl'V HIIIC ttUllMl !?"> "V |U
eastern courts sire tJie main cause. l'raetiscd
its they have been, they amount to dis ;
honesty. The immediate cause, however, ,
or that which brought it on at this p.irlicu- |
lar juncture, is the fact that many of our
Wall-street chieftains took it into their
heads that they were not making enough
by buying and selling certain fancy stocks.
They began to put them down, that they '
might buy at a lower figure. Seeming not
to understand the extreme rottenness of j
the monetary machine, they have built oj>,
and with which they rule the country : they I
bore down a little too hard and this mo<t
terrible crash is the consequence. Many of
these rogues in high places, have been crush- j
ed in the ruin their own hands have helped
to bring upon others; and my sincere prayer
is that every one of them may share the j
onnta fuht
- -
The monicd aristocracy of the country .
rules it. Revulsions in the money market j
are too frequent. What can be done to
remedy the evil. My opinion is that there
can be but one remedy for it ; and that is ;
to go to a cash system altogether. As long
as (bo credit system prevails, just so long j
will the monicd nabobs bave it in their puw- !
er tortile. I)o lltey want your grain, your
r'.ce, your cotton n little cheaper, Hint lltey j
inay make a rpej : a "tightness in the mon*
cy market," is straightway made and the |
work is accomplished. Sticks put up
or down as they are inrliuA^Pill or buy.
In fine money is plenty or scarce ; and
prices rule high or low, as these rich rogues
of tho country may desire. Takeaway the
credit system altogether and yon have a
remedy. The only mode liv legislative en"
actmcnts that I can think of, i'h. to lake away
the right to mio for debts, made
for anything else than for property that will \
be a permanent investment, as lands, ne- ' I
groc8 in your section,&e. The merchants. ?j
both great and small \%il! pry out against :
this from Maine to Texas, more loudly than v
they do against the homestead nets passed h
in several States. Tho object is to secure v
to the honest, poor, hardvvorki* g man and t
his family a home Against all contingencies, v
by making his property to n certain amount
not liable to levy and sale under execution n
Yet your merchants cry out against sue.ii ;
laws?they want all that a man has; and i
they don't like f?r law to place it beyond '
their reach. And so will the cry he raised j
Against my nroposition. If debts made for
g >ods or anything tlscthon a permanent
investment, cannot he collected by law, the ; I
flS/th Hf?i? lmtn Minn <*lt_*irw*i* li? tret ill ' I
that people, who trade with them, are worth; i
and nt most, tl ey see no chance to get a*
? much as they do under the credit system.? j
Nevertheless I recommend my plan. It
might be hard for awhile, but we would
soon get used to it, and then prosperity
would follow. How in it. that so ninny
men of the country, work hard, and make
a great deal, but at the end of the year can
scarcely make the two ends meet ? The
man who understands the ropes?understands
how financial speculators cheapen
his produce in the nick of time ; and raises
the price of what he wishes to buy ; and
looks over hi? store bills can easily tell
you. Pay as you go, is nn old and good
maxim. Te.l your readers to practice it.
There is not a shadow of doubt, but that, i
in this country of ours, rich in soil,a man
may play ludf his time ai d make more j
than enough to support on; and would
do so, but for the credit system and the I
speculation it engenders in monetary af- j
fair? I i
h?* - 1 '* ' Vn|> **
I have ridden my liobby horse loo long '
lor a new* writer 1 see, but 1 will not strike
out. I promise to do 80 nev or again; and
upon tluit promise ask pardon. I think the '
fat titers ot' your country will pardon uio i
and nay write again. Now for otlu r mat- i
ters awhile.
The news front over the water is rathe
gloomy. The money market in England
is light : ami in I.isb"ti and Yiojjna 'inmiciaJ
panics are ill full blast. M itiy houses in
England have ! .tied but I do hope that the
present "revulsion" will not reaeli her; if it
should, i; i> impossilile to tell what will be
the remit. The distress that followed that
of '37 will he nothing compared with that
whieh will follow this. I hope old England
will stand firm
The markets are at a st:.n<l uitl! v..
change is tn l?i- reported. There is imc now
font tiro, however. that ^ inn v notioo. Tlio
largest wholesale establishments have
tjirown upon their doors to the retail custom.
A lady can now enter Stewart's palace
and buy a dress as easily and eheaply
as she can in any of our retail shops.
The u^ual amount ot crimes black or.
the pa pes of the 'I'oiiee tiazclte', and of
those papers that devote a part of their
columns to the details of o(fences against
the law. More next week.
MANHATTAN.
| <J tjr Criinrr.
lamcasterville, sc.
WEDNESDAY MORNING, NOV., Jtli, U&T.1
to priniers.
a Journeyman Pi inter, of good habits.
may obtain a situation in this office
by applying soonAssrosEH*
Sai.p?Wo refer our fenders
to ilu? adveriisi m.-nts < f I;.i:ds and negroes
for salt- in Ymk liihtricl by i.. h. \Jassey.
Assignee. A lure |>|>?><I(itilty, certainly,
for persons \\ isl.ing to liny.
Snles-Dayj!i:l
liltlo business of it public diameter
was done on Monday. {Several parcels ol
lands wore .sold ;?ann lig t lie nsl Hie Slew -
:irt lands?"Ihe Harden Spot of the \\ axIiiiw.h"'?which
brought twenty-live dollars
and thirty ccfits j?.-r acre. The tract contain*
upwards <>t live hundred acres. \V.
J. t.'urcton, K-ij , is tin purchaser.
Lands for Sale.
The real F.stato ot the late I)r. (i. 1..
Mnssey, deceased, will be sr.Id by the Commissioner,
on next sale day. Also the Steele J
Tract of I.and. The advertisements will ap- i
pear next week.
Harper's Magazine.
Harper's Magazine for November has
been received, mid we are glad to see by a
notice fro in the Me.-srs. Harper's that the recent
financial troubles, which effected this ,
as well as fanny oilier publishing Houses,
w ill not interfere with the business and regular
appearance of the Magazine. It is a
wonder to us that more copies uf it are not
taken at this place,? it is decidedly the s
most interesting Magazine for the general
reader published in America. The price,
S3 a year, bears no proportion to its mcrits< I
and one, in looking over its pages, is forcilily
reminded of the remark, "redieulouslv |
cheap," made of it by the 'London Times.' I
Ity cluhhing with the i.F.nr.Ki;, we will
.
furni-li a copy of each for ^ I.
Homicide at YorkvilleWe
learn of a distressing homicide that i
vas committed at Vorkvibe on Saturday .
t ? ? ? I
ast by Tims. J Jh-H, , a voting law yer
?t that place. upon llic person of Mr. Jus.
Mien, of the same loan. The ditlieulty, l
t'e understand, grew out of a report made
iv Mr. Hell as merenntilc agent for some j
wholesale I louses in Charleston, respecting
lie solvency of Mr Jan. Mien Jr., a tner?
haul of Yorkvi'tle arid son of the defeased,
dr Allen, Sr., was walking on the street '
villi a bundle of posting hills under his I
iiio, purposing to expose Hell for makir.g,
is alleged, false representations. Ha was
ittacked by the latter, and after higli words
had passed between them, Hi-li shot. Allen
with a double barreled gun,with which he
was armed, at a distance of several paces '
Front him Allen lived about live hours a!? j
terw-ird*. Hell, we understand, has been .
arrested.
A Baptist Church.
At the late meeting of the Moriali Asso- i
I'iatlon, it was proposed to build a Ibiptist j
L'hurch at this place,and we learn that some '
four hundred dollars w as subscribed for that
purpose. A committee vans appointed to ,
ibtain further subscriptions and to look out
n suitable lot upon which lo buihl, in the
[ vent that n sufficient amount of funds is
raised.
This measure merits the hearty co-opera- '
lion ot the Villagers. They should, at
least., meet the Association half way in a
matter from which they are to derive the
principal benefits. Thro nre, wu believe,
but one or two Baptist families here, but all
[({ nominations can feel an interest in the
effort and all can share the pleasures and
benefits to result from its success. Aside
Iroui its leligious and moral advantages,its
importance as an item of improvement to
our Village, should not be overlooked. Ws
hope that the measure will succeed and see
no y<>od reason why it should not. Although
tht-re are but few Baptists in this |
vicinity, vet taking the District generally,
that denomination, pet hups, out numbers
any other.
THE BANKS.
The assembling of the next I/egislalure,
is looked forward to with inteiest in view
of the eourae which that Body may pursue
in reference to our Banks. It may be too
late to apply a remedy for the pit-sent troubles
which afflict the country, but not too
] late to adopt measures for the prevention
of a recurrence of them. Although, l?v the
' mere act of Kin-pension, the Banks may not
have toik-iteil tlivir t liai leis. yet, w bother
under suspv nsiun or nut, the Legislature has
a right to inquire how far they are resjion|
siblc for the jirese.nt -monetary condition of
our State, and in just so far as they have
; offended, to restrict their operations for the
I future tinder severe penalties. If these rej
stiietions amount to a viitual means of ter!
initiating their existence?if such a length
should he required under .(tie circumstances
, ?then let it be done since the interests of
I the people demand it. Harks were char1
tcreil for their ae ioinmodation?to assist the
! needy who are solvent, save estates, and ius
a means of kccjiilig property Hi the State.
; The majority of our Haliks have failed to
j answer this purpose ; not only have they
j failed to benefit the people, but tliey have
! intlieted upon them positive injuries. The
Kxchatige leatlire which enables the Banks
I to realize such heavy profits i< an impo.d
| iiiiii aim nisi in urn producers nl rnllnti
( without affording thom iIn* slightest benefit
I ia return. Tim large dividends which sunm
j of these Hanks pay, conic indirectly out of
, tlie planters. A writer in the Charleston
j Mercury over the signature of ''One of the
people" exemplifies this in n \\ ay that every
| one can understand. We make an ex*
I tract :
Suppose tiic Banks, st any one onrnmcrI
cinl point.wish to make numry hv J'.xchangc
J on New York or Liverpool, it will he to
| their interest to make K.xchange cheap ?
i This is easily done. Cottor. pureliasers d<?
| not pay down their money for cotton, and
I then wait for its return, may h> six monllis
I afterwards, l?y its sale. They nsiiallv realI
i/.u their money l>v drawing Hills of Kx]
change on the person lo whom they ship it,
j in New \ oilt or in Liverpool. By this means
lhc\ can bus more colloid ship it,11* 1 draw
. gain; so that, will) twenty thousand dob
! larson hand.they max operate during 'lie season
in purchasing cotton to the amount of
one hundred thousand dollars. And this
Would he a pretty sale course of business,
so far us the purchaser's creditors are concern)
d, in ordinary turns, for the cotton
| i?> 1 In-re lo nnsw i*r the drafts, whilst his
! Iwiiulv thousand dollars will meet any loss
on tin- cotton b\ a I'.iil in price. Now,when
' (lie i-olloii purchaser conn s into the market.
1.1! has two resourei-s of i-reilit with the
Hanks?first, by notes in tlie Hank ; and.
I M-cond, by liis liills j! Exchange, which, to
| sell adiaiHaejMinsly, be must h?vc bis time.
; lie prefers the former, because more im!
iiu-oiately under bis own control. Hut it'
the Hanks want to purchase Exchange, to
sliaii- notes hi New York, or for any oilier j
purpose, they will throw- out the notes of j
merchants, who are purchasing cotton, and
drive tliem to the other alternative of draw, j
ing Hills of Km hanoe. This throws a great
quantity of these Inlis upon the inarke!,?nd
ot course their value goes dow n. The Hanks
then can come into the market and purchase |
these hills at their depreciated value. Now,
as the cotton purchaser can get no accommodation
in tiie Hanks, and his hills of Kxcliungc
on cotton, if he purchases it, must
!>e sold at an under value, he takes all this
into consideration when he purchases the |
cotton, and idlers so much less for il. The |
raciurs, also, perhaps, deprived ol Hank
accaminodation. must sell. Down goes 1 lie*
price ol I'dllon?wliv, or w lie re fore the j
planter in th? country is utterly at a Ions to
imaoino. I,et nie Mate a ease, v? hich. I am I
informed actually oeeurrid. A Hunk Dir* ;
eetor Wanted a lot of cotton. The Kuetor
refused the price he nfli-rcd. and said to
him, ''liefore 1 will sell at sueh a priee, I
will-hold on and borrow money from the:
Hank.*' "That yon won't do," replied the
Director, "for the Hank wants Kxehange." ;
llv refusing to discount, the Hank forces
cotton to he sold, that being sold, it might j
be shipped to t'-e North or Kurope, and furnish
the Kxehange it desired. The Hank .
Director got the cotton at his price. Our
planters ought to understnnc that all Ex- .
change is based on our agricultural produc- j
lions It is against them, either in Kurope
or rt the North, that all hills t.f Kxchange
arc drawn, ami all the expenses of forward- j
ing them to their markets of consumption
? insurance, commissions, freight, exchange j
?all come out of the cotton, and ure com- i
puled in its price. The twenty per eent.
dividend of the Hank of Hamburg eunie out i
ol the planters.
That the business of dealing in F.xcbnnge
is more profitable than loaning money at G
percent, may be infertd front the fact that
the last official return of the Hank of New,
berry, exhibits that while it had loaned out
upon personal security the pitiful sum of nbout
twenty-four thousand dollars, it had
in' e-t-ii in domestic Kvenange upwards of
Seven IJ-jndrcd thousand dollars! And thus
they are enabled to declare handsome dividends,
and what is most galling, they do it
at the expense of the people from whom
tbey derive their chartered privileges.
It is said that this money panic originated
at the North and that our Banks are not responsible
for the pressure felt here ; and yet,
it seems that if their system of dealing in
Exchange had been restricted to its proper
limits, they would have been less dependant
upon the New Vork Banks, and of consequence,
less effected by the conwuUion which
hiiii iig nrii/iri ??? fl??? \?vrlli ..?*<! V\/..ut
e .. ..w. ... ...... .. O.*.
A correct and limited system of Hanking,
we believe, may be of benefit mid is certninly
n source of convenience to a people ;
but if the present wholesale operations
which pervade our entire country?leading
to extravagance and reckless speculations
and subjecting us to occasional panics and
pressures, such as that now hanging over
us, are to be continued, the question may
very naturally suggest itself, whether a gold
and silver currency is not preferable.
Capl. James Johnston has been elected
Ordinary of Fairfield District, by n majority
of -J19 votes over his opponent, Mr. flaw,
thorn.
<?
The Newberry Mirror.
The Newberry Mirror thinks that our nr.
tide in reference to the Bunks and suspension,
published in the Ledger of October
21st, may produce bad results-?Frrst.jbeeause
w e indurated the possibility that the
action of the oilier banks assisted in bringing
about suspension of the Bank of the
State; second, because we admitted (which
we are not aware that we did) ,vt1?e probaI
bility of our Banks becoming worthless and
| unable to redeem their notes and thirdly,
because Ave gave crtdil to the then generaU
1 Iv received iiniiivsslnn I lint a Kiisiieiisinn in I
: tills State amounts to a forfeiture of charIlcr;
I The implied-charge against some of the
Company Hunks was dcducible from the
faet I hut they refused, at their counters, bills
upon the Hunk of the Stale, ami this led to j
a panic and run upon the Jatter, 1 ringing
about suspension at an earlier period than
would oUterw isc have been neecssary, ad-j
milling that it would have come to this finally,
which is not clear. The Mirror inny
I be right in its opinion (if such is its upin|
ion) that ibis was not done with the view
of injuring the Bank-of the State. Oilier
reasons, we know, call be assigned, though
it must be admitted th.vt if Miey desired to
injure this institution, they could uot have
adopted a course bettor calculated to uflict
1 tlu'ir object. It has nut been shown that
I they hud good reason for distrusting the
j llunk of the State, for when the latter sua.
punded. it hud one hundred and twenty thousand
dollars of specie remaining
Our opinion then, as now, in reference to
j the solvency of our Banks, in the event of
| a general suspension, was that their assets
I tint! seeuiities were sivllieient to protect the
I hill-holder against ultimate loss, if he could j
! afford to hold than in the emit he could not
si ll tinni tit their par value. They would be
good, doubtless, as that tern) is generally
I understood, hut whether as uvailuhleas gold
| or silver, would depend greatly upon the
length of time that the Banks remained under
suspension. lint the liunks did not all
suspend, nor is it likely now Unit they will,
and those that did will probably resume
payment at earlier period than might safely
have teen anticipated some weeks ago, from
1 the greater uncertainty vv Inch then envelj
oped the iiflairs of the country.
! It was our purpose to, if we did not, subse
j ?|iiently correct the error into which we, with
others, had fallen in reference to the penalJ
Iv attached to suspension in litis Slate.?
1 By mi Act of 1810 llie Banks forfeit, at the
end of eueh inoutli while under suspension,
a sum of motley, at the rate of live per cent
| per annum, on the niiiou.'t ot their notes in
[ circulation. The Act reads:
"Evciy Bank which shall suspend the pay{
tiietil of current coin lor its notes, or w hich
shall declare a dvleiinitiation to suspend or
refuse payment of its notes, according to
their legal obligation, in current coin, shall
heColiie liable to pay the Statu of South
Carolina, at the expiration of every month
after such suspension or declaration a sum
of money, at the rule of live per cent, per
j annum upon the whole amount of its notes,
| which shall h.i\e been issued in circulation
[ at the commencement of said month, ami
sln.ll continue to pay at the same rate at the
end of every month, until the said hmk
shall revoke its declaration, and shall luxxfully
redeem lis notes when demanded, aecoidinglo
their legal obligation: the said sum
of money to be recovered by action of debt
in any court < f competent jurisdiction."
States-Right!* Democracy.
Tl ? Richmond Knifuirmn\ s in the North ;
as we'd as in the South, State sovereignty j
iinw I| .41 11 > id- I'-coglliZt u IV lilt* L'fllKN*. |
racy iii the cli'rf elements t.f their |>< 1 ic>, I
imnhii'j tiit* inherent truth niul strength ol
the Democratic cried, jumI embodying the
ti'io spirit tif our n<ivtrntiitiit. To bi* a !
State rights Dt-mticracy i* to be an ndvo* |
eate <<l tin* Union, nn Inn*; iih the Souili in I
sifc witItin it, and to hold in reserve seces- '
aion an tl t* remedy, \\ lien Slate sovereignly j
ami the Constitution are inadequate to the |
inaititetianee ol Southern interests and de
fence of Southern honor. To be a Disunion
Democrat, is to deny the efficacy of the
Confederacy, to abandon all hope of pence
and desire for fraternal friendship with the ;
North, and to contend thnl u sepaiation of j
the slave and anti slave States is to lie wish. !
ed niul worked for earnestly and industrU
onsly liy the people of the South. The one j
only asks that the (iovernuient shall he ndministcrcd
impartially, as it was origintcd
and designed fertile benefit of all parts and
portions, each Slate and section of onr com* i
nion country ; remonstrating against every
indication of aggression upon the {Stales,
but unwilling to eiy out for disunion, on
account ol" every inii.giuary*grievunce. The
other looks with ?n eye of prejudice upon
?ach set of the Fedcial (ioverument, regards
with distrust the protestations, rue. the manly
net* of our nllies and friends ut tlie North
and is ever arguing, or rather ranting to
prove that the Ooulii is sacrificing hersoif .
for the sake of the Union, that the C'ortaii.
lotion is altogether annulled, and that there
is no security fur slavery except in separation.
The .State lights Democrat is he who
would raise the war cry of {Southern secession,
in such an event as the t iection of a I
lllack Republican 1'resiot-nt, or the rcslora- .
tioii of the .Missouri Compromise, but who
sees as yet nothing to justify a disruption i
of the confederacy, and iiopes for the per- !
pctuiiy of the Union by an unprejudiced
and impartial enforcement of the C'oustilu- i
lion. The Disunion Democrat is lie, who
reckless of consequences, and regardless o(
the fact that the government is still in the !
l j. w . 1 ? - i
mai'iji* ?#i ituir, iiuurni, itana jiuviiuiiu 111(1(1, .
that abolitionism him been beaten again in
its efforts to win upon the reigns of power,
nnil that the South is still ?e< ure in her j
right*. would diareve' the North and South j
to-rnorruw, and find no regret in the thought
that in the burial ground of nations, the
resting-place of this Union would be marked
by a broken column. The State rights
Democracy are unwilling to abandon the
Union yet. But, while they hope to perpetuate
it, should the rights of the South
become insecure in its keeping, they will
not hesitate to uufurl a flag of independence
with only fifteen stars upon it.
38*ids of tJj r Wvsk.
The SoothCai^olkiaContercnce will meet
at Charlotte, N. 4'., on the 25ih November,
and .Bishop l'aine will preside.
Direct Trade sWitji Kciuu'E.?Several
.of the 1'lanters of i'airfield, says thcttogister,
are takino measures to ship their cotton
directly to Europe.
During tlie quarter which ended on the
30th of last JScptembor,,there arrived at Liv- j
crpool, from the United States, 6,399 pas- j
of whom 2,769 were returned em- !
i grants.
Ex-J'residejit fierce has derided to visit
Madeira with his wife this winter, on ne0011111-01'
the hitter's ill health,and President
liuclunan has courteously tendered them
a passage in a government vessel, which is
soon going that way.
Senator Hunter of Va., between whom
nnd Gov. Wise, it is said, there w ill he a
struggle foi the about-to-be vacant seuntorial
seat, has published a letter in which ladenies
the statement that he U hostile to
the present administration, lie announces
liis disapproval ofiiovcrnor Walker's oo unto
Kkglisii Horses is America.? It [is stated
as a jmsitive fact, that arrangements are
in progress, and will no doubt speedily be
completed, for bringing over W? America
the ensuing s|nuig. a limited number of select
Kltrrii-tl* rnivn Imsu.. J ?
r ..? V ?V .J, %*? v \M1H HU U11 U 111
own soil for the supremacy of tbe turfhere.
I Tine Committee appointed to supervise
j tlie vrri'iiun of :i monument over the re
| mains of tlie late Prof Hudson, of Mount
Zion College, suggest that fill who have
j ever be? n pupils of Mr. Hudson, shall conI
tribute the sum of one dollar to aid the
praisxxorlhy design. Communications may
be addressed to J. II. Kioii, Winusboro'.
Miscf.li.asiots Items.? In Florida the
tax collectors will not receive the bills of
ail) other than specie paxing banks. The
State treasurer has issued a circular directing
that "nothing but gold and silver, or
their equivalents, will ansxxcr for the payment
of taxes."
Ahitvai. of Com. ? Wo learn from a private
and teliab.o sourccfsavsthe ('hatleston
<'ouricr)that Ute steamer* North Star,Baltic
and Kuropa, hrouglit oxer to this country
on their recent arrivals, upwards of six hundred
thousand pounds sterling, in specie.?
The amount shipped by the Persia, daily
expected, is not posilixcty known, but orders
haxc been sent out for insurance on this aide,
as the amount was const Jered too large to
be taken altogether by Fnglisb underwriters.
Charleston Chamber of CommF.ncit.?
We learn through the Charleston Courier,
ihii ti>a x.ij ? xi -
' ) iirtunj; nt'iil oil .won.
day evning last. Col. A. O. Aixirevi, Prcs't.
in the chair, a Resolution was unanimously
adopted requesting the President to appoint
a committee of ten, who shall be charged
w ith the preparation of a memorial to the
Legislature, praying foj- such a modification
of the Usury Laws, and such amendments
to our present Ranking s\stem, as the lea.
sons furnished by tlio experience through
which we *re now passing shall show to be
wise and expedient.
The Sumter Watchman alludes to an affair
of tumour which recently took place in
the stable yard of lie tillage^ hotel. Un
known to the principals, the two first round*
were composed of blank cartridges. < >ne
of the principals making the discovery,
charged his own weapon for the third, and
demand) d to tight almost aiur.zle to mucrlc.
Finally, ten paces were agreed upon, and
llit. shots tired. Osti of the conibatunts fired ;
c. i i .i? .1 ?) > -
iirsi, Hiirii in? inner imvnni'i'U m u or inri'n
paces ami fire-el?one shit taking effect in
the leg. and another grazing the orenst. lie
who tired first then advanced, and bent hi*
antagonist on the head, when the mailer',
ended. King Alchohol, we learn, was the
presiding genius.
A New Catholic* transi.atio.s or the !
Bible ?The London Catholick Register
makes the followiug announcement:
We are authorized to state that,in accord- :
anew with the deetco of the lust Synod at
Westminster, which have lately been return |
ed fronitRoine with the approbation of the
Holy Sec, the Cardinal Archbishop of West,
minster has entrusted the preparation of a
corrected version in English of Holy Scri|>turcs
to the care of Dr Newman. Never has j
it been our duty to make an announcement
which has gren us rr?'>re heartfelt aalirfnc- !
lion, and, we doubt not, it will be shared byall
chaste* of our readers."
The New York 7Wi hat a letter from 1
Nicaragua, from which we lenrn thai by n
decree maned hut month, nearly all the
Americana in that country are expelled.?
Not only Ihoac who a) mpulhiaed with NVal- j
ker, but other peaceable citizen have beeu
driven out Another viait from (Jan. Walker
in expected, and gicat preparationa linve
been made to receive him, All oblebodied
men between lift ecu and aixty yearn of age,
are ordered to hold themaehea in readioena
for military service.
Tl? L'. I .L-. .1- - j
? iiv .ta? i?i|#mn buyb mil i/ih KicnQi
of Gen. Wri. T. Haskell, who was recently
sent to the Lexington (Kentucky) Insane
Asyl um, have been informed by the author,
ities of that institution that strong hopes
are entertained of his speedy restoration to
sanity.
To Post Masters.?The Post Master
General h?s recently decided that if Post
Masters do not give publishers of r.ewnps.
pers notice when their papers remain in the
Post Office without being taken out by the
subscribers, within live yterks,that they are
llabto for th? pay.
Suspensions?All the Barika in thefStute
of Virgiriin have suspended specie payments
and nil bank notes, with tin exception of
the Kanawha and Tazewell Bank, pnss vprrent.?
Charloltesiille.Jcfferaomnn.
Balloon Ascension and Proposals.
Mr. Wilson, the wronaut, now in Charleston,
proposes to make an ascension, on or about
the period of the Fair of the South'Cnrolinn
Institute?18th inst. He proposes, furthermore,
to devote n portion of the receipts to
the cause -of the CidJroun and the Mount
Vernon Monument.
Crlnpjjjjif.
Later from Europe ]
ARRIVAL OF THE
STEAMER PE RSI A
o
New York, October 28.
The steam sliip Persia, Capt. C. II. E.
Judkins, has arrived al this port with Liverpool
dates to the 17th inst.
Commercial Intelligence.
Livkkpool Con on Markkt.?Cotton
has declined from 1 H it 1 4<l per lb.?
The sa(e* for the week comprised 25,000
bales, of which speculators took 9,500
and exporters 1,000 bales, leaving 14,500
bales of all descriptions to the trade, firleans
Fair was quoted at 9 5 Od, Orleans
Middling al 9 l-4d; Uplands Fair al
9 5 8d and Uplands Middling at 9d per
lb. The sales on Friday were 4,000 bales
the market closing quiet and steady ."?
The stock on liand comprised 311,000
bales, of which 103,000 bales were American.
LlVBHPOOI. 1 > 1! K a DSTl' KK8 MaIIKKT.?
Flour is steady with little inquiry. Inferior
has declined and prices aro weak.?
Wheat is steady and the market closed
with an advancing tendency for lied.?
Corn is firm an advancing with tendency.
London Monky Maiikkt.?Tin; de
crease of bullion for the week was ?553.000.
Consols were quoted at from 88
3 4 to 80 on account.
London Gekekal Maukut. ? Wheal
was dull ?t a decline of 3d per 70 lbs.?
Sugar Hits lieuvr, at a decline of from 2?.
to 3r.
General News
The Prrtia brings ?200,000 in specie.
The details trom India are more prom i
iain?T- It is confident I v "expected that the
next mail will bring the news of the fail
of Delhi.
Ten liroeck'a horse Belle won the New
Market races.
The rhip Prince George, from Mobile,
wits abandoned at sea on the 4th. The
crew arrived at Queenslown.
It is reported at London that President
Itucharun has written to Mr. Dallas, our
Minister in England, pledging the enforce
menl of the international laws.
There is n tearful panic in Vienna,
and a financial crisis in Lislion.
There have been large arrivals of gold
from Australia.
The banks of Holland and Helgium
have advanced their rates of dincuuut.
Senatorial Election.
Nashville,Tenn., Oct. 28?lion. 0. 1'.
Nicholson has been elected Senator from
this Slate to the I* S. Senate.
Iowa Election.
Chicago, 111., Oct. 28?It is now stated
that the Black Republicans have been
successful in the Iowa election by twelve
majority.
The Baltimore Riots.
Washington, October 10.? The (iov
ernor of Maryland has applied to the
President fur Government troops, if ne
cetsary, to prevent an outbreak At the
lialliinore election on Wednesday next.
Gov. Walker antPlhe Administiatlon
Washington, October 30.?The Ad
ininistrAlion utterly condemns Gov. Walker's
course in purging the polls in Ox- '
ford county, Kansas, contrary to specific
instructions to t.ot act m judge in this
matter. There are the hest reasons for
the belief tliAt both Walker and Stanton
will be recalled, unless they immediately
resign.
FiLLtnutTBRino.? We were Amused
the other day to aee it announced that
Presideul Walkkk of Nicaragua had offered
n reward of lauds in Nicaragua to
al1 who would volunteer under him, and
go there and fight for them, i'bis reminds
us of an ancient personage, who
offered Christ all the lands round about
if lie would worship hun, and well know
...ft, XI I1IV "nine IIIUC, < nil DIU IIIII WICC
reiiiMrked, that lie did nut own m foot of
lend in the world. President Walkkr
Iihk been driven out of Nicaragua ? bus
neither influence nor authority there. The
(government is in possession of a hostile
foe, mikI his to l>e subdued before President
Waukh tun assume the reins of
authority. These lands offered ss houn
ty lands to the fillibusteros, will, doubtless,
be dear lands before ibey are jk*sessed
by General Wsutaa's soldiery.?
It is lamentable that the American peo
pie are so fond of filibustering, and so
ready to be duped and humbugged by
any one wbo takes the trouble to make
the attempt.
[Pmtri?t end Mmntaitutr.
Shout 'Ghkiht.?Wo MMic* in our
Boston exchanges, that 'the WhotaiMft
dealer* in Silk and "Millinery goods hare
come -to iin agreement, not to gite more
than few monrhs etedit, There ?e*?ire
to he ? general disposition in trade to
shorten -credit wml got nearer -the -cash
system, the only safe system *e believe
for eondnctilig bus ore**, l-et our business
men adopt the same, ami they will ,
find in the tndf that if their soles are not
as laige, ihejr nil! hare made by the op'
oration.? Southern Light.
Obituary.
I>if.d. nt Chester, Oth of Oct., 186H, Mrs.
Matty Mubley, wife of Dr, VV. \V. Motv
ley, after an illness of ten days, aged 30
years y iiionths and 5 days.
' I*awes have their time to fall,
And flowers to wither ut the north wind's
brent It,
And stars to art?bat all? *
Thou hast nil seasons for dtk>ecun,oh,
Death 3"
It W? the and but }>ec<uliuT privilege of *
friendship, to recite over the graves of those
near and dear to us, those virtues which
recommended the in to us when living, and V
eonseerated thuir tnoMiory to us when dead.
1-et him who has lost no friend or relative,
close his heart and e:?rs to our simple cu!o.
gy.but double anguish shall seize his soul,
when lie will be lb reed in bis hour of affliction
(which v ill surely enrno; to ask for
that sympathy he now withholds.
The one whose early death w e now aiourn
was |n>?Hosscd originally of a vigorous eow
Simmon ano cocervui icmpcrnmeni. one
looked upon the bright sido of life, and
seized upon the joyous nod lite pood of
every K-rae and situation, with tin- natural
instinct of a vivacious and ingenuous nature.
Her person was comely, her wit
sprightly, nnd her mind nnikcnliiie nnd well
cultivated ; nud these made her the r;i4ia;
tinp point and dispenser of happiness in
every circle ?he entered. Her pood moth- ^
cr remembers her as the light of the do- M
nicstie hearth in these appreciative word*,
"When Maky came, every tliinp in the
house was cheerful and happy : and when
she went away, it seemed a cloud remained . t
behind."
Het literary taste won of a refined and
elevated character. She loved truth for it*
self. She sought it with patience and adhered
to it with firmness and consistency.?
To these she added the softer virtues of
her own sex, to wit: a pore nnd chaste
mind, great depth ot feclinp and uiiwuverinp
attachment. She wss the chief solace
and comfort of her father in his decliuinp
tears, and with filial atleetion, smoothed
his pillow for the dying hour. Her mother
and sisters in her man) acts of ktndncs and
attention, had satisfactory earnest of her
tenderness and love Hut who can tell,
who can appreciate when told how fully J
and completely she performed the duties of
the wife * Cherished in her husbano's hoart
is the recollection of the fidelity and pa
I tienec with w liich *lic dim hurgcd Shore lit!
lie dutiun which add mo lunch lo our happii
ne**. aid arc mi otten in flected Im cau*?
1 they arc cheap ; umi of the* true devotion
I and *elf wieritiee with which ?!ie came to
Ida relict ill the hour ol deeper trial, con
vincinj; him that her love mum cofls'-ten',
deep and exalted, and under eircutii*lMicoM
ol p rent moment, would have proven heroic.
S?he w?* eMoenliitlly hi* couhtullor, friend
alnl eoiopuiiion.
?>o active were her ?v uipatoies and mo
| pur? her motive*, a* involuntarily to invito
the confidence of nil, cVcli the *ci van.*,with
whom nhe w?i* thrown.
Fence lie to her anlie*.
A Fkicnd.
Pied, near Micanopv, Florida, at the rcridenee
if Hod. M. S. I'erry, about the Mild*
dm of October lu?t, JoNAtHAR 11. l)et*?.i.am.
late of Laucnater District S. tJ.
LANCASTER PRICES CURRENT.
CORRECTED WEEKLY ]
BY
THOMAS K. MAGILI/ __
Bagging Uutuijr per yd IB to 2*1
I Li ale Hope, per 12 1-2 to 14
| t'oituii Hope, per ll> 22 to
| Butter, 1ft to 2"
( Beet, 6 to ft 1-2
Bacon, lioir Bound. I? o> *?o 1
1 lirf.swii, 16 to 2"
I Candles, Ad. per lb. 4U to tS
ikiflVc, Uiu, 14 to 16
Corn, 71.
Chickens, per pair 20 to '.'6
Kgg*. I,,'r d?x In
Kluur, per bl 6 00 to 6.bo
Koddrr, per c*l 50 lb
Iron, per pound 6 to 6 1-4
hard, per lb lb to 16
brad, pel lb 12 1-2
Molasses, N. 0. per gal Mb to l.OO
Nails, cut, per Li-g 6 2b to 6.bo
Oats, per dosau 25 to *7
Osnaburgs, per yard, heavy 14 to lb
I'olatoea, Northern per buehvl 2.2b
I'uUtoes, Country per bushel 60 to 7b
l'oader, per lb 37
Rice per bushel 4.SO to 6.on
Sugar, S. O. pel lb 14 to 16
1 Sugar, Crushed, per lb 18 to 20
1 _ a
i iwi, per MtrK 8.00
! Steel, ru|, per lb. 22 to 36 |
Ten 1 1) ?hi, per lb |l>0 to 1.25
Tallow, per lb (acaice) 14
Vinegar, per gal. 40 to 60
Yaru, per bunch, to 1.06
Til K~ Tit" IS 18.
t'nlnmbl*, Oet SI.
The mIo ol cotton during llie paat two
daya have not exceeded 100 balea, and 11 ,
? 111 Cent a aet ata to be the general ruling A
ratea. 1
Charleaton, October 30.
CoTTO*.-?There was a firm demand for
thia article to duy, which reaulied io the
aale of aume 800 bntea, at full and advancing
pi ice*. The pricee ranged from Hi to
12|c. Among the traneactiona were 100
; ha I en, which wore aold on terma not made
public.
Augunta, Oct 30.
Cottoo ia active and "700 bnlea were aold
to-day at froui 1 If a 12c per Ik.
N..? r?-t- '>
? ? VI ivffiis, 1A1, ~d*.
Cotton U some* hut better, and the sales
for the day comprint*} a,000 bale*. Sugars
have improved, and fair i? quoted at from
4} a 6c, and prims at fr? m 5$ a 6s. per lb.
Molaaaea also has improved, and prims was
quoted at Die per gallon. Thers is nothing
doing in exchange, and businsaa is dull.
Mobile, (H SO.
The sales of cotton for the week were i
6000 bales, st from lu| a 10i c. per lb.?
The receipts were 4000 bales, against 1000 ?J
for the asms time last fear. The stsek on J
hand is 10,000 bales, against 2) ,000 st the 1
same time last year. , . _ -1. \
f