Keowee courier. (Pickens Court House, S.C.) 1849-current, December 18, 1858, Image 1

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"TO THINE OWN SELF BE TRUE, AND IT MUST FOLLOW,. AS THE NIGHT THE DAY, T1IOU CAN'ST NOT THEN MS FALSE TO ANY MAN." _ ^ ^ ^ _ ' . ^ ^ ? .... - - ^ ,^-i^ 4 BY ROB'T. A. THOMPSON. PICKENS COURT HOUSE, S. C. SATURDAY, DECEMBER 18, 1858. VOL. X. NO. 22. < sfs rp~? n rw ^ ?=-= r-. f - ? ? ? ? sau-ttwrm? ipoieybsy.^ I The Close of tho Year. ? December's witi'ls nro sighing, t Stern winter now doth reign; t LTIio I'rost-Kiug, ho is flying, Unto jiis throne ngnin. iiiu : - I-. iiw is wvuriiljj, r A pall for Autumn's bier; 1 Ami Il>o dnyn of joy nvc leaving, For the davksoiuo ones nvc hero. t Thrs Spring mny liavo it? trenvires, g The Summer join the clinin, With nil its soencn of ItappincM, ( And nil it* tlowory trnin. r Cut hi ill I love December, c Though it l>e void of chcer, Tho Inst, Wt. lingering member Of all n. misspent yenr. ( Soon must Its days forever, Which now arc spreading fast, lie gathered tip together, And marshalled with the past; l*or othor days do hover. Their troad wo almost hear; When they?when those are over? We'll welcome in the year. Time swiftly flies before u-v, Again, a year hns gone; Upon life's way it bore ns, From our childhood's happy dawn. Another year we've meeting, Shall we annthrr have; Or, ere itn days uro fleeting, He silent in the grave? ] ggw llow many forms that gladdened gHfS Knch home endearing hearth, Arc gone, ami we arc saddened That they liavo paused from earth. .'What bright ones havo departed, V W ho then was with us hero ; On whom Death now has darted, In this short fleeting year. ?@!Ri^tP?!Mi?EIM?[?. @orrcxpon<lvncc of the Kmvoca Courier. COI.umuia, Dcc. 0, 1858. J)ear Thompson: This city scciur to bo in all her glory at this time. The hotels arc all ] filled, and, everything you gee or meet, seems 1 kto bo going by steam, unless it is the Legis- ' lativo body. j This dignified body, though mndo up of ft 1 grent*mt\ny fast young mon, seems to wind i its way slowly along. They have at last as 1 you will ?eo elected ft United States Scnntor. ' Noither extreme could elect their candidate i and they united on tho Hon. James Cussifi't, i jr., as a compromise. This election, now ( that it is over, gives very gonera! satisfaction. ' Mr. Chf.snut is ft firm docidod man, and will , bo true to tho South on all thO important < questions that will arise. Mr. Ciiesxut hay ing been clotted also to fill out the .short term, ' it, heciunc n?c03Sftry for him to resign tho , Presidency of tho Senate, anil also to resign | his ueat as Senator from Kershaw district. 1 This ho did in a. very feeling and patriotic address. Mr. Pohtm r>f ' ? , thou elected President of the Scnato. There arc a great many bills before the Legislature, whether many of theni will 4 ??.- s will bo seen hereafter. The most important ' is Mr. Memmist.kr's Common School bill. 1 ' am in hopes that tho Blue ltidgo Uuilioad will get what they i\sk, which is a release ' from tho nresent ftnrwlit.inna ??<" ?>"* ? ' ? v? v.i\j vimuiJJf" merit of tlioir bonds. There lins been a contested election before < tho committee of the Sonnto which is taking ; up a groat deal of time, and costing the State , a large amount of money. It is from one of the parishes. Tho parties liavo able conn- 1 ail employed on both side#, and about sixty witnesses in attendance. The witnesses have already been hero three or four days. Thle k<?o lu?en a vorv fine il>>v. and beinir I ' t't?; Commoncomont day of the S^uth Carolina | ' College, all of Columbia seemed to turn out I < m i| lio streets, I < The young jnon of the College, together ( with tlio mcmbcrH of both bronchos of tho . Legislature, walked in procession from tlie State house to tho College Chapel. This i building, though very large. was filled to over ) (lowing; but ufior tlio crowd were in the building, only those who were so fortunate as to got within a few feet of the stage could ' hour tlio addresses delivered by the graduatiivg class, and tho President of tho Collogo. The rest of the largo crowd, finding they 0 couiu not hour what was going on, turned to nmqsing thcinsolvct*, unu such a chattering I nwer hoard boforc. It was ft porpect Bablc. It ist a great pity this beautiful building in so j>adl}r constructed for speaking in. I hear - j,lmtp yo?ng njan from your district is holding (\ vorv promlxlng plfttio in the South Car^ ^ Oliua^Jollo^o, yours ifuly, ^ FOR TilK COORIEK. \?/io?ip*on: Wo ha"o a fow loUuro t which we lmro concluded to devote t usant ta?k of writing an ?vrt1olo for t As of your valuable and usoful jour- * have Bolecteil Poverty for our pros- j t. AVhon wo think of tho '"Hflf" | privations moa are subjected to, on account t oCit, we hro'ready to exclaim, oh! wl^ a 1 great niilfortune it is to boborn poo#*, a mis* J fortune tint a long toiling and miserable lifo. , (5an nr-ver/ully repair. My dear roader, If r you vrern 4) uufortiuiato as to hav? Loon born >' poor, jfoty tyd in4<*a<l flnd thin world pooplod | Qolddu^rta^ ?traogar?, Jf you aro poo*. , you may ilijj, toil, atrivfl, #H<t donUsnd imro. ( Jcally with ? vfo?ld n( disappointment# uu.i < misfortunes,; and Anally dio, unappreciated, " unwopt and unoarod for. If wf> nro poor wo c arc, and nui?t remain a Mod of alavo. Ifwa ? fire not positively uliivos, wo iiiheASt find our* v polvOs partlft'Iy in .'ho condition of slnros, our * pMun in socio ty Is flxod ft# if by unnltcmblo " j?redO<?ts?^',on>oy'>Tonl?, jje?tur?3; nhd our A orj thoughts aro all settled by prescription; mr religion, morals. manners, <\n?l political ireed. arc all regulated for us by tho opinions >f others. How arc we to break tho ndamanine bars of this prison-house of cireumstan!0.?? Wc are not a free people, but a kind >f slaves. Wc at not. proprietors of rights, Hit Wft nro lliorolv n Vin.l ' 1 ? ?- ' .. _ .j ? m.iu VI WVIUUltillUU 11VC* <Ji outinc. Wc find that wo hayo arrived at lio world's great railway car too late?the teats are ail preoccupied by those who havo ionic before us, and wo arc forced to stand, is bost wc can, unnoticed and unearcd for, by >ur brother passengers, until the great car >f time arrives at her destination?the depot if ctornity?with her precious cargo of imnortal souls. Our very life must come out if the land, and that already belongs to the ortuer comers, in unchangeable foe simi le, ro ,tc *oc that wc must not only toil, but that >ve must pny for the privilcgo of toiling?our tames must be entered in the rent-roll of the andlord. Wc, it is true, sow the precious icccl. ninl warm and moisten them with tho iwcat from our brow, but the golden sheaf it harvest is for tlie granary ??f the proprietor, flic land on which we trend, ami the blue ky over our heads, all seem to be laid oiT in iiinrter sections, and rented out by tho acre, [lave we not succeed ^1 in proving that poor ocople are in a state of slavery ? If \ve have lot, wo have never yet learned what constitutes slavery. If we are poor, wo arc slighted >y our equals, spurned by tho proud, and jppreHHcd hv the rich, and ill. Wc arc positively forbid the pules of genteel society. And even the preachers, who profess to preach Christ nml ltim crucilod or at least a goodly portion of them, will jomonn and ridiculo yon, on account of your lovertv, by saying that you arc niggardly in pour donations to the church, and other religious societies. Poverty will prevent you "mm marrying the woman of your choice? ho only one, perhaps, in all the world beside, hat. could cheer your lonely pilgrimage thro' his vale of tears, through tins world of sorrows, trials nnd troubles, and make vour ihort sojourn on earth, pleasant and happy. S'o matter how well you may lovo hor, nor ,vhat reasons you may have to think 'hat your ove is fully reciprocated, poverty positively ' irohihits you from declaring your love to ( our heart's idol, and asking her love and tand in return. It is poverty's positivo command, that wo should trudge through this niserablo lifo alone, unloved and unearod for. uul wo must obey his awful mandates. Povsrty will not admit you to n eeat in thelegisutivo councils of your country. Poverty will, t is true, permit you to defend, at the point >f the bayonet. your country's honor and inititutiona. Yon, poverty will allow you to iglit, blood. and die, in the dcfcnce of the rights of your country, but poverty will not jven allow you to bo honored for your gnllimt ?orviccs. Wo have already siiid that poverty will not admit you to a seat in the legislative wunoila of your country, no mutter what talents you may p0P80S8, you must first have tho property <|unliticatinn, before you aro eligible to a sea*, as n legislator for your country's wonl. Talents clothed in rags arc not approoiated in this, our boastc?l land of freedom tud equal rights. Pkte Wiiktstonk. FOR TilK COURIER. Mr. Editor : Will you bo so kindastogivo sue following article on insertion in your interesting papor. We noticed in a rcccnt copy of tlic IVulhal'u Banner a very ungentleman-liko article ibout tho Piokcnsville Ciinipmocting, for which ho much censure has been justly heapid upon tho ignominious writer "Pro." "A Friond" wrote a piece for your paper, in which, wc think, ho served that important sliap Pro," about right; because when any ann. , >1" iiu OUJJJ IIU ivaa ut that particular tiuio, good to a place of public worship,and becomes so significant a8 to ridicuio tiiu 'wiUtcrs of the Gocpc!, as h? lid, deserves to bo troatcd with contempt by tho cmiinm^y at large. For his scnudulous jhaervationb concerning tho preachors, "A friend" bas given him his duo, hut now we \s tho half-grown young men refcred to, defend ouraelvos against such slanderous expressions. Not thut wo know wo are the mos specified in said article, but that " Mr. I .y imiunio uittk OUUII jiorsonf) we arc together with the old widowers rendered tho Oampmcoting unpleasant. JUit 10 wonder it was unpleasant to him, because 10 doubt he had the swell-head so imd, that to felt very uneasy when seated by even his luperiorson hoth sides. But lotus make an jxtruct from that articlo. " l<'or an old chap vc took him to bo a widower* and you know hat they arothn very dickcns after our young ;;?!??como and sot down by us on the opposite from our particular one?and to his >kio somo ot mope to wlioin tho, man or truth nust have Inul reference. For tliey ungenlonian-liko crowded us bo wo w?ro obliged o impose on our Lady, or mombo with tho tame clrtRH." See what language the youug m'jturt who, as be himeeli nays, Mjeinod as ury as tho most dospisaldo poa-cock, applies <i an old man, and more over ho scorns to my that all on tho opposite sido from hisL?tidy, wore not gcutlemou beam so that scat, lapponod to bo crowded which was tho conlitiort uf overy one. And ho also intimntos llA tuAltlif ? n {??%?/?-* ? - >! >? I1U TUMIIXaHOVMI I1IIJIUOO uj*ill n jfUUIIg inly as to member with thono, who aro nt eu?t his equals. And instead oftukinpj buck what ho Iwiid or justifying himself in it. ho isserts it ft second tirrio in another nrticlo. ind on lis the ono who informed hini of cral>i?h Progression, a public liar of Uio darkest lye and thai without a juxt cause: and also avs that he is beneath tho dignity of any 'Jiimtinn jjontioman, and of emirso* it is J>o>nniA him t.Vin ni>ii?1> If/i ?.>a. i, great (lorvl <tut'U ivh tho ubove quotation, vljioh wo will trout rh it d?w>rvo??tyitJi Ml:nt oontamut, lint hafuro \ro closo wo will iiform " Nr. Pro" that wo novor piudjed in rborc wo liuil no bmduost, pa ho oays " A friend" dUj, for >Y? dofondiug om-xolvos gainst ono whip pitahod In \*\?6ro ho had AO >uninc8s. jjn Tms Ysvw Mda, Legislature of South Carolina- < In tho iScnato, Dcc. 7, a bill to provido for i\aurvoy of tho preat rivor swauins of this Stato, to ascertain tho practicability of scouring thorn against ovcrllow, was taken up, 1 and uftcr being debated, was laid on the table, ycH9, 27 ; nays, 10. 1 A bill for thn rntmul nf tlin iiom-" discussed by Mr. i?Iiv4jck f<..- a.jd Mr. Avroutmoreland against it, and postponed for further consideration. In the House, a bill (with favorable report thereon) to repeal a cortain proviso in an act to authorize aid to tho Blue Ridge Railroad in South Carolina. (Bill by Mr. Meuiuiiugcr0 Mr. Memminger paid : Mr. Speaker : It is 1 due to tho House, and to tho country, that * tho e.onunittce who recommend tho passage of this bill should enter upon its discussion, and explain the reason why they have been induced to recommend its passage. In doing this I do not intend to discuss tho creot responsibility I fool in tho position I now occupy. This is a great nicasuro, and of great importance to the State of South Carolina. It involved tho existence of this road, ami you are to decide whether South Carolina shall discontinue the road. When I canto to discuss tho merits of the bill itself, I will show tho llouso tho precise matter upon which tho bill is intem'od to operato. Before doing so. 1 wish to iniiiriun nnnn tlm , bora of this Ilouso tlio responsibility that I , awaits a vote upon tbiB question. A ncga- , tive vote destroys the rood, and terminates i its existence, and thereforo it is important , to keep in view all the reasons why wo should aid the road. You not only loso the money already laid out on the road, but in a great degree you lose the character of the State of South Carolina. Tho loss of the money is one great itom, and I will first direct the attention of the House to what has been already laid out?namely, the sum of $2,120.- ' 58i>; that is tho money spent upon tho roo<l, actually expended in tho construction of -ft. It thorcforo follows as a matter of course,'Mf you refuse to goon ami continue the rofyd, this money is actuivly sunk. Of this is one million by tho State, one million by the city of Charleston, and the remainder by individual stockholders. In South Carolina nearlv tho whole of the mnitov \a i<? therefore, if you vote Against the bill you sink to tlio State ami to the inhabitants of 1 South Carolina nearly $2,100,000. I apprehend that tho Legislature will draw no dis- , tinction between tho city of Charleston aud the State. Wo have embarked nearly onefourth to the n\ of the State; and Charleston is, theroloro, to bo considered one-fourth portion. If you destroy hor means you have virtually destroyed that amount to tfio Stale; therefore, in any aspect, you have to tako it for granted that no man votes no ; bui rather prefers tfio destruction of $2,000,000 property in prcfcrenco to going on with an enterprise. This is not all. We have much more embarked. The State of South Caro- 1 linahas entered into this enterprise, and given money to encourage us. llor citizens have been told from limn t<> t'mm ?*> and they lmvo only boon carried forward by her. If the proposition is made to abandon bcr work, would it not be a declaration that she cannot puruuo tliat which she originally 1 intended. We have done part of tho work, and still it stands as but a monument in the ! mountains. Wo lmve all read of nations that orccted monuments to their skill and valor. Mr. Llcinminger then inttanced the moiiu- , incuts of Egypt, tho Appian way of tho Horn an, aud paid a(1 eloquent tribute t<" the dauntless eucrgy and skill of those heroic ' people ; cvon to the Grecian wo were coin- < polled to bow in revcrence to their skill and taste. Thcso monuments were nil erected to ] the skill and intelligence of the nation. But j if wo leavo tlio Hluo llidgc in its present condition, we shall have to write thut South Cur ! olina as a nation made u monument to inconstancy, that she bogan tlio work, bored a hole 1 in the lilue llidge, which was intended to i make a road to the West, and had ncithor \ the constancy nor pcrsovorance to finish it. i ior ono am willing Hint my State should be | iuAc! ..nd again *!? ? should he said. 1 uin willing to givo of my money and my property. I am willing that every otlort tdiould bo made to finish tho work, rather than stamp upon the State a character which shall bear its name down as tho only nation which has failed to carry out its attompt to do honor to itself as a State. Wo cannot, at this late hour, attompt any- 1 thing more than a faint outlino of this able ' appeal. it produced a great impression upon tlio House, and will no doubt be pluced before the public in full. The bill was then rcjcctcd. Yeas, C2 ; nays In the Senate, Dec., 8, Mr. Cannon offerod a resolution in relation to tho expediency of procuring additional riumbora of Scott's l'ac- ' tics, tho Militia, i'atrol, Itoad r.id Negro lUWfl. ( Tho Senate proceeded to the genoralorders t of tho day. A bill to rcgulato tho commissions of Tax Oollectors was ngreed to. The Sonnte agreed to the resolution for appointing n Speoiul Committee in rotation to the Bank of Nowberry. A bill to provide for tho appointment ol'nn additional magistrate for Spartanburg Din trim, wus rcjooiou. A bill to Bconro to mechnniuH, tradesmen ( ami inntorinl-ni.n payment for work done, ' Ac. Agreed to, ann orilorcd to. bo sent to the t House of Keproscntativef. h In tho House the Sonato returned to the t House, an aot to amend tho 37th section of j an act, entitled an act for the better ordering of negroes, passed in tho yoar 3 S-10. Committeo on J-ingrosHod Acts. Also, an (let pro- c viding for the punishment of privily stealing c from tho person* Committed to tho Commit- f Art t\r* A rtk- 4 ivv UII A4ugivoou<i av?n. 1 The llousu, after discussion, reconnidorod \ tho vote ycstorday ou tlio, lilua llidgQ Iltiil- , voivd, by *<i voto of *0 yens, nays 31. Thy n subjocb wan made tho spooial order for Friday at I o'clock. Mr. Uad berry- asked leave to introduce a bill to afford aid in tbo construction of tho Urceuville anil Fronch liroad lUilvoud in South Carolina, ltofofoil to Committee of 'J WajR and Moans. Mr. Momndogor presented the report of ^ the CcimmiHsiotioru of tho J>oaf, Dumb aijd ' JWM> V?forrqd to U?i Committer ou K<twt*' cation, and ordered to bo printed. Mr. Volition called for tho special order, which was then taken up. A bill to provide for tho punishment of ombor/lcinontH and other defalcation. Mr. Mullins moved to lay tho amendment on the table. AT r \Vl..il?~ 1 H...I I' ' ? ..... .. HIUH'M llliiv IIIO Ulll, Willi Its amendments. bo laid on the tftblc. Mr. Yeadon hoped tlic motion would noi pass, lis the bill was of very great importance. Various amendments were then proposed by Messrs. Memminger, MulliiiH, 1'crry, \eadon, Buist, Durycft, Boylston, Win Wltaley, Wallace and others, when, after ai [miniated discussion, the hill received it: second reading and waj ordered to ho ecnl to the Senate. Mr. Aldrich moved flint tlio special orilei for to-day, a hill to establish a new Judicial District called Calhonn, ho taken up to-morrow, at 12 in. Agreed to. 1) i r -- tvoport 01 mo president and Directors of tho Bank of the State of South Carolina. To the Jfonorabtf. llic President and Jfcnibrrs of thr tScnafr. Tho President and Directors of the Bunk of the State of South Carolina herewith submit the annual statements, which exhibit the condition of the Hank at the jlose of the fiscal year, the 00th September, 1858. Tho nrnfifo nf r Jlnnk luwo iimniinled to the sum of $'J73,772.C1 From these profits ttc have paid to the holders of Stiito ho ml a owned in Europe, for interest $11,108.09 To the holders of six percent, stock issued under Fire Loan Act, for interest 40,103.85 Wc paid into tlio fct-itc Treasury, under Ant of 1810, for pcnnltv ! 'Jo8.:?3 And wc have passeil to the credit of tbosinking fuud 180,212-27 273,772.04 The first instalment of the debt contracted under tho Act of 1838, for rebuilding the city of Charleston, fell due on the firs I of July last. A portion of the debt hH been anticipated. The balance hie.i re mained duo was <?75,500, and we had pla ced in the hands of .Messrs. Baring, liro thevs & Co., of London, previous to th< first of July, the funds necessary to extin puish the debt. The sum required wai 8372,042.83. All the bonds presented to our ngent have been settled. AVe have received Iron our agents bonds to the amount of .?71,750 These have been surrendered to the Comp (roller Generul and cancelled. I'll ore re mains outstanding, not presented bv th< holders, &!j,7o0. The fund for their re clemption remains in the hands of oui agents. We have also redeemed durinr Lhe year, 822,574.98 of tho .six per cent stock issued uuder the Act of 1838, ant redeemable in 1800. These have been sur rendered at the Treasury and cancelled.? Makiug an aggregate of debt of 8305,217. 81, pai 1 during tlic year. As agent for the sale of the Stato bond: and stock authorized to be issued for th< construction of the New Stato Capitol, w< have disposed of bonds aud stocks as fol lows: Of the remaining ono hundred aiu ?iviv.nnr> IvAt^a OlA/iA 1 - , wmw y_*v?Jk y MUIJUO IVI V I \J\J\J UilCIl) 18 sued under the Act of 1855, we have dur ing the year disposed of one hundred ani forty-three (148) bonds, which haveprodu ucd the sum of $1,830,177.3!). There re main unsold, eighteen bonds. As stated in our last report, thore was i balance of 801,735 of tho six per cents, o 1850 uo^uld. This ntcck has bc?ri di jpo? id of in various amounts. mul tho if sale have niuountcd to 858,154.06. Tlx entire amount of stock issued under tin net of the last session, 1857, lias boon sold i'he amount of #tock issued was $300,000 and the sum realized from its sale is 8284, 103.71. TUa ? -Til t t ? ? iuv jiiuuccuM oi nicso sajosiinve nil boor deposited in tlio Treasury, and specia statements of the sales made iinvo been fllci in that department. From the sums w raised, tho advances made by the IJank or icoount of the 8tate Capitol, as stated ii )ur ln?t annual report, have boon refunded rho expenditures with work, have nearly >r quite absorbed the funds raised by th< jales of the abovo mentioned stock. On tho 1st of January next, there wi) 'all duft the sum of $85,f>12.82, of the flv< ier cent, stock issued to tho Southwestern Railroad J5:??ik, to pay for tho Stato fvb ini'int.ifin ts\ 'in : 4 r-w v.?v Ul UUn UilUft. J 111 lebt has been chargc.d upon the sinking und, and we aro prepared to redeem iioul if the fund. 0H thu 1st of January, 18(i(J hat is, at the eloso of tho ensuing year he first instalment of the six per eont, itook, issued under the aot of 18U8, eallod ho Ifiro Loan Aet> will he payable. Thr mlance to this instalment, still outstanding, imouuts to 8127,"48.20. This debt is al?c shargcable upon the bank, and we will hr wiled upon to meet it. It appears, thereore, that from the 1st of July last to the ft of January, 1800, wo have been anil rill' oquired to meet tho following deuaixJfl, viz: Che instalment of tho European debt duo 1st July, and the six por cents. rcdgoincd an above sot forth in this report, *305,217.81 The ft percent, duo l?t Jnn I'ho 6 pr.r cont. duo l?t January, 1800, 427,742.20 I ILL , .11 II To which should bo added tho i amounts paid to the Green- < ville and Columbia Rail road j Company, and to the Lau- t reus Railroad Company for 1 assessment on stock held in i i :? " nn ? vuvou \ uiu jiuuil'lj, \J t Making an aggregate of funds 1 to the amount of 9G3,C94.03 i Withdrawn from the bank in i about eighteoH months,from 1 the 1st of July last. The 1 sum so withdrawn, isindoi pendent of tho sums paid 1 ? by the bank for the interest due on stock issued to tho Blue Kidge Company,which I now amounts to 80,700.00 1 We would also bring to the attention of I il.? T - ?-l - uiu uugisiaiurc, mat at tlie present time ) the expenditure of the State is almost en- 1 ' tirely in advance of its income, and the i hunk is called upon to supply the money ] which is required to defray the current ex- l penscs of the State, during the greater por- 1 turn of the year. Take, for instance, the ( present year: 1 The apparent balance of cash t i in tho Treasury, on tho 1st \jetouor, was 8101,058.53 t But from that sum must be do- i ducted the proceeds of sale of six per contf*. issued for tlio t erection of the State Capitol, ] which were temporarily de- t posited in the Treasury, but \ which have been already 1 drawn and expended, 40.S23.25 1 J Leaving for currcut expenses, ?54,235.58 ? This balance is liable to be drawn at any ] niomert for past appropriations, and indeed is not sufficient to meet the present demand ? on the Treasury, which must cxcccd seven- t ty-fivo thousand dollars, (875,000.) This j condition of tlie finances is not likely to be t changed unless the State taxes be increased j during the present session. Tt thus mmoam t A - rl ,..-r * ; that the current expenses of the State con- ( !, stitutc a cash demand on the bank during c I tho entire active or business portion of the : - year, for the income of the State in the < shape of taxes, is not received till June in i - each year. } The first of January, tho time when the - State debts are made to fall due, is tho pei riod when large amounts of the current ox- i penscs of tho State ar? also payable. The , * expenditures oil the State capitol form an1 other demand upon the funds of the Bank, . diverting them from their regu)'ir employ mcnt during the business season. The - batik lias been required to make advaneos i in anticipation of the sale of stock. When - money is easy this demand is not onerous; r the Bunk is readily refunded by the sulo of ; stock; but, as soon as stringency arises, . stock becomes unsaleable, and the amount ] I o! advances accumulates at the very tiuie - when the funds uf the bank arc most neod ed for business purposes. Wc present those facts to the view of the Legislature, at this tiiue, as they arc matc' rially connected with the operation of the 5 Act of the last session, in relation to bank ; circulation. By the provisions of that Act, the banks are prohibited from putting into , ' circulation bills under the denomination of - ten dollars, and are also required to keep " in their vaults one dollar of specie for every 1 three dollars of their circulation. The cf nit-a 11 vri nit 11'1111v"i juuviaiuii win ueio can * in rapidly nil the smaller circulation of the , banks. This Act goes into effect on the j 1 first of January, I860, tho very day on i f which the l-'ire Loan six percenta. fall duo, 1 " r.t'.d at the period .of tho ynnr when the nc- 5 * cessities of the State Treasury arc most 1 3 pressing upon the bank for funds to meet 3 its current expenditures. It will be per- j i ...? .. i i vivi.vcu, ujjun ii mignt consideration, unit j > the operation? of this Act upon the Bank t " of the State is more onerous than upon the i other hanks, A much larger portion of * 1 our issues is in hills under ten dollars.? j 1 The one and two dollar hills constitute a ( ' very heavy portion of them. Tho present f ' circulation of the bank, under ten dollars, t 1 amounts to about seven hundred and sixty1 two thousand dollars. This, however, f making no allowance for lost bills. The ! ? influence of the Act upon this bank will 1 ) be peculiar at this time. na r.nniivm>il urU.k its cifuct upon the other banku, for another t 1 reason. Ah we have already shown, the ? bank has been, and will be still, engaged ' i in the process of virtually reducing its cap- r ital at the very period when tho Act goes 8 ? into effect; so thai wo will bo subjected to ; tho'double pio'-css of reducing or rofundt ing our onpital (by payments making in the > , public dcDt), and redeeming this lurgc >v milMlint nf laumlll ???.? "1 1 ' * I I ....ivuuv Vt I'.WWVO WW l-UVi fltiUHJ lUUIUl'Il l?. XT 1 is evident that, as a financial operation, tliia < 1 arrangement i,? very objectionable. We do 1 ! not intend to allege that the return of tho , circulation will be immediate, or that a ' portion of it may not he substituted by !? t s eircnlation of a largor denomination- But J we think it umjucftionable that a large J i amount vf tho circulation will be perma- i nentlv reduocd. and within n / v.v|/v.,yu. If there were any prying considerations, j requiring strict adherence to thit> argument, t the inconveuifcnco or disadvantage resulting from it, whatever thoy may bo, should ' bo submit tod to. ^ut, without dieoumng * or questioning the policy upon which tlip * provisions of the Act are based, wo submit that a temporary suspension of the opfrni finn rif thn m > > I.1-1 ?1 v. V..V i?wj MO v\r nun i?niii\j WUUIU lllll I f interfere iDBtfcrially with the tin*! adoption I 1 ot cnfoi'ccuicnt of that. polivy, usd Jiiight,' / * " 1"" 1 11 'M I. I ndccd, by rondoriug its enforcement inert* gradual, avoid some inconvcnienoe to th9 public by the sudden aud entire withdraw-1 il of the small circulation of the banks.'*-' It might bo, provided the bank should not ncvcasc the amount of its present circulaion under the denomination of ten dollars, [t is also worthy of consideration how fatf t wi!! he pcscibh>f> prevent, the circulation >f small bills within tho Stato, upon tho withdrawal of that issued by out bank, unless the coterminous States adopt tho satno policy. A cognato provision in relation to bills of banks of other States, adopted a few vcars airo. was found tn bo. nlmn*t, onfiridx/ , r-_ / -'J inoporutivc. Having the immediate cliargcand superpisioti of u large and important public interest, we have considered it our duty to aring to your attention these views, wliicli nay have an important influence upon tha^ nterest to which our attention has boon jartienlarly directed, and respecting which herefore, we may be expected to be moro ully informed : in doing so we have dis)liar<?cd our dutv to t.hn rtnhlin ?nd ti? th? 1-iCgifsliiture, and must conform to such dcurniination as you may deem expedient. In our last annual report, we stated that his bank had suspended specie payments inder circumstances set forth in that report. ^Ve would now state, that in common with he other banks of the State that had suspended, this bank resumed the payment of ;pccie on the fifth day of Juno last. Tho janks of this city had sometime previously educed the rate for sight exchange on tho North to a point which had removed, in a ?reat degree, any inconvenience to the business of the country resulting from Buspension. The resumption lias been attended with 10 embarrassment, and the present condiion of tho banks prove that, though tho portion of their assets vested in Bpccio at lie close of the business Reason of the Inst ,'Crtr may not have been adequate to meet lie demand which arose under the cxtraorlinary circumstances of the period, yet tho loficieney of specie was not evidence of insolvency or iuadequeney of means to difr> iharge all their obligations. Respectfully submitted. C. M. Furman. Thanksgiving in New York. Thursday last was the day sot ajiart for general Thanksgiving in -Sew York, and was ohsorved by 111 according to their several tastes and inclinations. Business was in a measure suspended ; the clmrohci* thrown open, the military parndod the streets, and martini music rent the air, everything passed oil' as well as could have bcqn oxpcc-' Led of a public holiday in New York, with but ona exception, {and that a moat shameful one,) tue miserable hoax played upon llic suffering poor by tho heartless publica!iou in one of the papers c? tho announcement that a free distribution of food to tho ,X)or would take plnoc at two o'clock that lay?GOOD lbs of broad nnd 1,200 lbs. of jcefinalJ. The distribution to take placo lear the Statute of Washington. The frcather was very cold ; notwithstanding vliich tho squalid, shivoring crowd began to isscmblo at an early hour at the appointed .?:>>. i --J ?--< uuuvuiuun, HUM muii lilies Hllll UUfKOlS, All mxiously awaiting tho feast vhichjthey wero old would bo forthcoming. Many oi tho xpoetants wove Irish women witli tromenious baskets capable of holding n bushol. 3f course advantage was taken of tho oplortunity by some who Ly tbcir npnoarnnco 1 1,-1. t!15?1 * i uuHu uvviui ijuuiiauu lur giving man reviving alms. As the hour approached the crowd became novo dense ; porpons in everv stnge of poverty from the ragged sweeps to the " etrap10(1" printer, lounged about Union Square, iltnost frozen with the cold, but choerod tip .vitli expectation of soon seeing the promised food. Hour after hour passed and still o symptoms of tl>o luug lu'jiiod for bread iv h guns. Still the poor people waited, stumped their cet, eyed butcher's carts suspiciously, but *ot no bread or meat. At twelve o'clock lie crowd was greatest, and expectation at ts highest pitch. Another hour passed in he cold and no signs of food, nor no ono innpupinrr In nmloin tl,? J -rl n I uuniiiiiiuiauic u?" ay. After u while the crowd begun to thin nit: one by one thev dropped off until but cw wero left,' "till clinging to tho bono tha% heir wants would shortly be supplied. At lust nomo of tho persons wliose narnctt ippoai ed in thu card, cumo forward and anloiinoed tho hoax to the poor people, declarng at tlie panic tiuic that their names were lxed without their consent. Sorrowfully, iojoctod and half fror.cn, the raggod remnant Usporscd. And this i* a specimen of a Your VmV riinnkfgivirig Day I a day of humiliation m<l prayerful acknoffled?inci.f w l>o debated by unfeeling impositions i ron tho poor. I M'ilmittyioh Lferuld. T nr. Yankkf.Evehywukrf..?Tn crossng the plains from Mendoza to St. Txmis, -'ontli America, Lieut. Strain met an ii?clligeut, American who had crossed ti.o \ndes nnd pushed his way thus far into he unfrequented regions of the South.? fhe pursuit of aeience, Strain fupposcd, u?d led an enthusinstio votary to undertake Ills distant tour into the i?emicivili*od m. (ion. (heat wne his astonishment to find hat the traveler was an agent for an Arncr? can patent medicine. Giyjnci Cukdit.?A boy #t a erassing mving begged something of a gentleman, be laitof tojd Win that he ior.ld give him lOi.^ethine OH hfl Cnlin' Knrdr T K.. V^.. ? - %.'VJ IV tlicd, "Your honor tumid be pnrprteeil If fon knew how mtioh money 1 lose by givng erodit that nvfty." At n dipnoi'.In Hprinfittald, Mflfitwchusoits, ft loav'VUsnt the following Vol tit Vjct'n Onnt S?" Sprw* old wwKoroW^-thc ctt< yrecne of noric4j\"