Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, May 06, 1858, Image 2
JtafS & Jfarts,
The "Kaolin" factory, near Angusta,
Georgia, has commenced with Chinaware.
-A letter from Leavenworth, Kansas,says
that the London Times has a corresponddent
on the way to Kansas, in the person of
a Mr. Rntherfold, a Scotohman, who has
started provided with every necessary of a
camp life.
. Mr. Hill, of California has given notice
of a billl to prohibit repentant Know
Nothings from becoming candidates for Con
gross until they they have been faithful members
of the Democratic party twenty-one
years.'
A leading member of the Presbyterian
Church at- New Brighton, Pa., commenced
a prayer at a revival meeting, the other day,
in these words : " 0 Lord ! we would not
assume to dictate to thee, but would only offer
a few suggestions ?"
??It is stated very positively in vvasnington
letters that not only Sonora, bat Chihuahua
and Lower California will be offered
to our government at a far valuation, and
that an accredited agent is to come to Washington
with full power to aot.
v?? An exchange contains an advertisement
by an Express Company of uncalled-for
goods. By an accident the letter I had dropped
from the word " lawful/' and it now
reads; "Persons to whom these packages are
directed are requested to come foward and
pay the awful oharges on the same."
We had an opportunity of examining,
on Monday, a double-headed living terrapin,
which has been sent to Prof. Holmes, for the
College Museum, by J. W. La Bruce, Esq.,
of Waccamaw. Both heads seem perfect and
lively, and the body and shell seem natural
and perfect.?Charleston Courier.
The population of some of the principal
cites of Ohio is as follows : Cincinnati
200,000; Cleveland 60,000;"Columbus 25,000;
Dayton 16,000; Toledo 14,000; Zanes ille
12,000; Steubenville 10,000 ; Chilicothe
10,000; Sandusky 10,000; SpriDgfield
8,000. No other city has more that 5,000.
?? The body of a man who died 17 months
since, was recently disinterred at Glen's
Falls, New York, on account of a superstition
that if there was any blood in the heart and
it was burned, a brother of the deceased, who
was dying of cousumptioo, would recover.
The blood not being found, tbe experiment
was not tried.
In boring an Artesian well in Stockton,
California, the borer struok a red wood
fttnmn 350 feet below the surface of the
ground, and more than two hundred and fifty
feet below the level of the Pacific ocean.
The earth above and below was of stratified
clay and send, which apparently not been
disturbed ainc^ite original deposition.
-Thftibjlowing extract whioh we make
fann-the^CoUuectinnt Courant, of September
19^&74, will show our readers the man/
ner-u? which business was eonducted in "ye
& oWen time." "The vessel advertised to sail
/ from Middletown for Mississippi the first of
September will not sail till the tenth of October,
as some of the passengers are not
ready." - '
It is stated that within the last twenty-two
years the Baptists in the United States
have made a clear gain of 6,565 churches,
4,224 ministers, and 598,639 members, being
an annual increase of 335 ohurches, 192
ministers, and 26,529 members. The increase
for the Ta?t ten years has been much
greater in the Southern than in the Northern
Statee?the greatest increase having been in
Virginia, Alabama and Missouri.
Among the delegates to the Democratic
State Convention of Illinois, was Peter
Cartright, the old pioneer, a few years since.
He put up atone of the large hotels, and at
night was shown his room, which happened
to be quite high up in the building, and
accessible by a loDg, winding staircase. Af
ter reaching the room, he hallooed : "Landlord,
I say, landlord, bring me a hatchet."
Upon the landlord making bis appearance,
and inquiring what he wanted with the
hatchet, he replied: "I want to blaze the
way, so that I may find my way down."
M. Gavarni, a Frenoh maohinist, has
perfected his aerial ship at a cost of 300,000
francs, and made a voyage to Algiers, Africa,
and back with it?a distance of fifteen
hundred miles from his starting-point. The
average speed was almost one hundred miles
an hour, the voyage out occupying eighteen
hours, and the return sixteen hours. M.
Gavarni is to make the attempt from Havre
to the city of New York as soon as he has
further tested the character of his invention
by a few short trips over the Mediterranean
and its neighboring provinces.
The retired physician " whose sands
of life have nearly run out," so extensively
advertised throughout the whole country, and
whose advertisement has frequently appeared
in our paper, is discovered to be an imposition,
there being no such person as "Old
Doctor James." Samuel Wesoot, Esq., Mayor
of Jersey City, in reply to a letter from
the interior of New York, whioh is pnblised
in the Tribune, says : "lam in receipt of
your favor, and in reply would say, there is
no such person as Old Docter James residing
in our city, but an old man is employed
to personate him. The whole matter is well
understood here to be an imposition.
At Mount Sterling, Illinois, Thomas
Downie, a Scotchman, was recently arrested
for burglary, committed under the influence
of liquor. After he had been committed to
jail, he cut himself in various places with a
raror, with the avowed intention of bleeding
himself to death slowly. Having armed him*
self with the leg of a stove, he prevented the
officers on duty from entering his cell, until
one of them threw a handful of Cayenne pepper
into his eyes, causing him to drop the
stove leg, and pay attention to the pains occasioned
by the fiery powder. He was then
easily secured, and became quite peniteQt
andunsuicidal.
Coroner Hills held and inquest in the
case of the child whose death from circumcision
was announced on Thursday. The
child, Myer Jacob Levy, (whose parents
reside at No. 03 Baxter street,) being eight
days old, was cironmcised on Sunday last,
by Dr. Abrams, of Bleecker street, who performed
the operation in the usual manner. A
few hours afterwards it was discovered that
the bandage was displaced and that the child
was bleeding profusely. Dr Abrams was reefdled,
but his efforts to stop the hemorrhage
were ineffectual. The verdict was ? Death
from oonvulaions, superinduced by loss of
. blood following oircumcision; further we
' ' .find that the operation was rightly performNeio
Yerk paper;
Cjje gflrMe
EDITED BT
SAM'Ii W. MEDTON.
YORKVILLEj S. C.
TH17B8DAY MORNING, HAY 6, 1858.
J^*We are very desirous to give particulai
attention to the local department of our paper;
and to this end, we would ask our friends in the
various portions of the District, Postmasters and
others, to give us reliable accounts of whatever
matters of general interest, that may transpire in
their respective localities. Notices of Marriages
aud Deaths will be promptly inserted, when accompanied
by a responsible name. Announcemonts
nf ?li(rinnfl and temnerance meetings will
MVMW V* * V..p,.v-W r fc?
be inserted with pleasure, and -without charge.
Our friends, Clergymen, Postmasters and others,
can, and we trust will, aid us materially in
contributing interesting items, of this nature to
our columns.
*#* In order to encourage the efforts of all
who are favorable to our enterprise, we propose
to send a copy of the EsQriRKK, gratie, to any one
making up a club of ten subscribers and sending
$16, in advance. To clubs of six, the paper will
be sent for $1050, with an extra copy to the person
making the club.
t&F' Wm. P. McFaddbn, Esq., and M. Jones,
are authorized to act aB ageuts for the Enquires,
receive money and give receipts for the office.
ggy-H. Judge Moore, Esq., is our authorized
agent to obtain subscriptions and advertisements,
and to collect money due the office, in Charleston.
The absence of the editor will account for
the want of the usual editorial matter.
mer koiejf tiox.
The telegraph operator at Oswego has been
counting the freight cars passing that station
east and west, daring two weeks, and finds the
total to be 3,398. The American Baptist
says : "The aggregate of conversions reported
in connection with Baptist churches alone, during
the month of March, is over seventeen thousand.
Benton's Thirty Years' View is said to have
already attained the sale of seventy thousand
volumes ! At one of the churches in Girard
Ala., on Sunday morniDg last, notices of two intended
marriges were read from the pulpit by the
officiating minister. Hon. Thos. F. Marshall,
of Kentucky, says he has not joined
any church, and as he reads the Bible, he
thinks there is no need of his joining. The
press, the pulpit and the petticoat?The first
spreads the news ; the- second religion, and the
last spreads?all over the pavement.
Dr. Griffin of Columbia, says the Guardian,
has a soda fountain in his drug-store "which is
equal to any of the wonderful wine bottles of our
modern necromancers. Out of the some jet comes
any syrup you may desire, and immediately there
after the charged water." Rev. F. Asburt
Mood has consented to deliver a course of lectures
on European scenes and impressions, in Charlotte,
N. C., beginning on the 11th inst., the proceeds
to be applied to the new Methodist Church of that
town. A pauorarnaof New York is being .exhibited
in a congregational church in Detroit.?
Horace Greeley and James Gordon Bennett
are.represented as walking down Broadway armin-arm.
drgeddinqs, Professor of Surgery
in the Medical College of this State, has resigned.
The Banks of Augusta, Ga., resumed specie
payment on Friday last.
Edw in Forest, denies having been converted.
The Darlington Family Friend is hereoftei to be called
the Darlington Flag. A good change, Neil.
An Irish paper, describing a late duel, says that
one of the cambatants was shot through the fleshy
part of the thigh bone. They are talking up a
monument to Col. Benton, at St. Louis. A
descent was made upon the lottery dealers of Pittsburg
on Thursday last, and the members of six
different firms were arrested. The population
of "all the world" is estimted at eight hundred
and seventy-eight millions. The month
of December last was warmer then any December
we have had for thirty-nine years. English
papers report the discovery of another plot in
France to assassinate Louis Napoleon.
The State Treasurer of Wisconsin makes public
announcement that the Treasury is empty, with
$90,000 to be paid. The State is in a bad way.
The superfluous blossoms on a iruittreeare
meant to symbolize the large way in which God
loves to do pleasant things. "A coffin," says
an rrisnman, "is a nousu a muu uvea in mien
he is dead." In England the average of life exceeds
that of Franoe by eleven years, notwithstanding
the superior French climate In Minnesoto,
they have Sibley "declared" Governor;
Ramse "elected" Governor; Mkdary "appointed"
Governor; and Chasf. "acting" Governor.
Messrs. Everett, Bell, Crittenden, Fillmore,
Fremont, and Douglas, have all been named in
different directions, by the opposition, for the
Presidency in I860. ""The proppectus of the
Olobe newspaper informs us that the average number
of words spoken by Congress "in a long session
is 9,290,772." The fellow who put the
thing in a nutshell, found it cracked a day or two
afterwards. The 39th Anniversary of the introduction
of the I. 0. 0. F. into the United States,
was celebrated at Baltimore, on Monday, 26th
ultimo.
Edward Everett will resume his Southern
tour by a Lecture at Lynchburg, Va., on the Cth
inst. A Captain, recently from sea, reports
having spoken five vessels, each of which had daily
prayer meetings. To the courting lover's
exclamation : "Our couch shall be roses all spangled
with dew," a sensible girl replied." "Twould
give me the Rheumatics, and so it would you."
Mr. Champomier, in his statement of the sugar
crop of Louisiana for 1857-8, gives the total as
279,697 hogsheads, estimated to weigh 307,666,700
pounds. The newspapers have a telegraghic
report from Washington that Mr. Forsyth
is to be recalled from his mission to Mexico
Red cheeks are only oxygin in another shape. Girl.?
anxious to wear a pair will find them where the
roses do?out of doors. The celebrated Benjamin
West related that his mother once kissed
him eagerly when he showed her a likeness he
had sketched of his baby sister; andbeadds, "That
kiss made me a painter." Bishop Carrol,
of Kentucky, conferred the rights of confirmation
upon somo 150 persons, at Wheeling, Va., Sunday
last. The number of vehicles of all kinds
in Paris is calculated to amount to 32,000 with
50,000 horses.
For the Yorkville Enquirer.
LEGISLATIVE NOMINATION.
Mr. Editor: Whilst individuals and sections ol
York District have been exercising their undoubted
right of indicating a preference for particular
men, Whom they would invest with the high and
i important privilege of representative legislation
j in our State Legislature, please give publication
to the following ticket, as one believed to be satisfactory
to an humble and unambitious corner ol
our District; to wit: Dr. It. T. Allison, Edwari
Moore, Esq., Wm. P. Thomasson, and A. S. Walj
lace, Esq.
Two of the above gentlemen have been hereto
7 fore suggested; and it is supposed they will subi
mit themselves to the will of the people. Thej
j are well known, and their principles of legislativ*
action are about as open and undisguised as theii
persons. As to the other two gentlemen, can th<
upper portion of the district, or the Indian Land
' respectively, hope to proposo a candidate, whi
i will, at one and the same time, be more true t<
its own section, and more acceptable to the grea
| body of the balance of the electing community
However this ticket may conflict with the view!
and aspirations of particular individuals?or o;
candidates and their friends?or the vaulting ambition
of particular localities, we flatter ourselvei
it will be regarded by a majority of our reflecting
citizens a fair, equitable, safe and judicious nomination,
and likely to be sustained by the prepon
derant preference of an intelligent constituency.
BULLOCK'S CREEK.
For the Yorkville Enquirer.
THE N T LEGISLATURE.
Mr. Editor:?Si >ral names linve already been
presented to the !c in connection with the
next Legislature. The voters of the Western section
of York District, confiding in the foresight,
prudence and integrity of their present representative,
W. C. Black, Esq., desire to press his
claims on the consideration of the public. Approving
of his course in the'Legislature, his re-election
will be entirely acceptable, and we hope that
he will concede to the wishes of his friends, and
permit his name to be placed on the list of candidates.
MANY VOTERS.
For the Yorkville Enquirer.
THE BANK QUESTION.
Mr. Editor: From information derived from
friends, as also from a paper somewhat of an official
character, published in the last Enquirer, I
am led to believe, that in some portions of the
District, misapprehension in regard to the action
of our Legislature, prevails. Allow me in as few
words as possible, to recapitulate the circumstances,
and state the matter as it stands. When I
aay in as few words as possible, I do not mean to
affirm that the subject can be disposed of in a few
words, but only that I will endeavor to use as few
as may comport with the intricacy And importance
of the subject. It furnished a fruitful theme for discussion
for three weeks, and was regarded as of
so grave and ponderous a character, as to draw the
fire from the heaviest ordinance. It was dicussed
in general with much fairness, for the great object
of all seemed to be, in honesty of heart and
uprightness of spirit, to arrive at a holy and wise
conclusion. I know that the matter is not well
understood, and I do not know that I can throw
much light upon it; but one thing I do kuow, that
my aim is to state the truth in simplicity, honesty
and sincerity; and I believe that now is the most
opportune time, before the candidates have taken
the field and announced their views.
So much has been said aud written about Banks,
that it is difficult to say any thing about thorn,
without repeating what has been said by some
one else. Yet the general discussion had, and the
general overhauling of the Banks throughout the
country have had a tendency in some degree, to
bring before the country their various means of
making moucy ; and in the present state of society,
their great convenience to the public, and their
absolute necessity.
It has been a matter of wonder in the minds of
many, how the Banks could make so much money
?how they could pay such large dividends, and
high salaries to their officers.
But it is to be recollected, that they have not only
their capital to'work upon, but are permitted to
issue bills founded upon their stock. The Capital
being paid, Banks can issue two dollars for
each dollar so paid?and many of them have exceeded
this. Now, a bank loans its bills which
do not draw interest, for notes which do bear interest,
and some have five or six dollars in circulation,
on which they receive interest, for one of
specie which is lying idle.
Again; Banks loan out on interest deposits on
which they do not pay interest, which is another
source of gain. Again, when a Bank loans money,
it disoounts for more time than is actually nllowed
for payment. For instance, if I borrow $100
for 60 days, the Bank discounts for 63 days. Thffc
to be sure in each individual case is not much,
but in the aggregate amoxints to a great deal. In
some Banks where a large discount business ts
done, it may cover, nearly, or altogether, the
whole expenses of the Bank.
Now these are the privileges of these incorporated
institutions?these are the advantages of as
sociated commercial capital. Well; some will
say these are great privileges, and I have heard
individuals say, if the Legislature would only
grant me the privilege of issuing two dollars for
one of capital, I wonld invest all my estate in
Banking and coin money by the operation. Why
these individuals are far better without the trammel
of incorporation. You may now issue twenty
dollars for one, if you choose, and so long as you
can induce the community to believe that your
notes are good beyond doubt, you may issue ten
thousand dollars for one which you actually have.
But here may be a difficulty. You may not get
your notes to circulate. You have not the unbounded
confidence of the community, and for
lack of this, you cannot enter into Banking profitably.
Incorporation adds nothing to the capital; not a
cenf. A State cannot coin money?that privilege
belongs to the Federal Government?and what a
State cannot do of herself, she cannot do through
another. The whole advantage of incorporation
is, that it brings together associated capital?
brings under the control of law?brings before the
country the name of those so associated and their
means; and the community having unbounded confidence
in their stability, receive their notes?that
is their promises to pay.
In the present state of society, and whilst so
much business is done on credit, Banks are a great
public convenience?a great public necessity ; and
the overthrow of the system would paralyze and
destroy the business of the country. It is better
then, that associated commercial capital should
in some degree be subject to law. Incorporation
gives no Capital?the State incorporation cannot
make Bunk Bills a lawful tender. No one is obliged
to take these notes?it is wholly optional with
a person to receive them But if there is undoubted
confidence in their value, it is a great convenience.
Now, individuals may associate together
and issue as many notes as they please, but the
community is not so likely to take their promises,
as the promises of those who are recognized in,
and controlled by law. One or two of the States
have no Banks. Well, how do they get along?
Why they just use the circulating medium of the
adjoining States. So, if we in South Carolina had
no Banks, we would just use North Carolina and
Georgia Bills, unless we bad men of princely fortunes
like Girabd, whose bills would be as good
as gold and silver.
Banking is a system but little understood, and
because it is not understood, many an honest man
has been deceived by the loud assertions which are
continually made against the system. The most
' clamorous persons are usually those who have
i never had any thing to do with Banks, and who
i know nothing of their operation. Tho Banks
i having an associated capital of many millions, are
.considered by the community as worthy of credit;
F and their Bills even when not redeemable in coin,
i will pass from hand to hand, because the public
are well assured that they represent property ol
unquestioned value. The charter does not give
these Bills their value, as muny suppose; it ii
the fact that they represent property?the pror
ducts of the country?that they are issued by re>
i sponsible parties, and when the products of the
r country are sold, the means of redemption are
i provided?they are received in payment of dues
, and so, to all intents and purposes, are equivalnnt
> practically, to gold and silver.
J The use of credit in providing a circulating me
t dium is ene of the most beautiful operations in th<
f commercial world. It saves the employment o
} coin (ami coin is not always to be had, and thongh
f the basi* of the circulating medium, can never be
so abundant as to supply the wants of the world.)
t Besides, specie is cumbrous and expensive. The
; use of this credit in providing a circulating medi
um, enables 4he Planter to dispose of his crop at
home for ready money; and when these crops
reach the intended markets, they famish to the
Banks, Exchange on New York, Boston, Philadelphia,
New Orleans, or Liverpool. So by this
operation, plauterssell their crops and merchants
I obtain the means of purchasing goods. Look for I
| a moment into the operation. All produce drafts !
are nmwn at tux percent., uuu uumvouv .
is obtained in this way. You take, say -50 bales
of cotton to market?say Chester. One of the cotton
buyers purchases your cotton; the Bank loans him
the money, and he paysyou. He pays interest to the
Bank?you pay none; he ships this cotton to Charleston
and draws his draft. A cotton Broker in
Charleston, has an order from a manufacturer in
the North for fifty bales of just such cotton; but
the broker must first get the money, before he can
get the cotton from the Merchant's Factor. Ho
therefore draws his Bill of Exchauge upou the
manufacturer, and the agent of the Bank buys up
that Bill of Exchange for the use of the Bank,
with the proceeds of tho cotton; and that puts
money at the stipulated time, say sixty, ninety o*r
one hundred and twenty days, in New York. The
merchants trading in New York, want funds there
to pay for their goods?they go to the Bank and
buy a draft at \ premium, which to them is equal
to gold and silver; and this saves them all the expense
of transporting specie, as also the trouble
aud hazard attending it. So long as New York is
the great emporium of trade, so long will merchants
from all sections of the country trade there?
and while that is the cose, the Banks must deal in
Exchange ; the wants of the country require it,
and these wants must be supplied.
It has been said that some of tho Banks established
agencies in the West, and when their notes
fell far below par, bought them in. This, if so,
was bad conduct, and those who know it to be a
nnf ^ATifAnt t h amqa1 vitQ with aimnlv
? ? ' ? r-j
circulating the rumor; but should place it within
the range of investigation. I suppose that Banks,
as well as individuals, have a right to use their
notes wherever they can obtain credit, whether at
home or abroad. The great mistake was in chartering
so many Banks.
As regards the late commercial crisis (1857)
the Banks were not the only parties at fault.?
There was a general disposition, to speculate
throughout the whole world. The opening of California,
commercially, agriculturally, and in milling
operations; the temptations held out by opening
up the Western Territories, and the bringing
in of New States rich'in agricultural promises,
drew off a vast amount of capital from the East.
The many rail-road enterprises were not without
their effect, and the great propensity for foreign
fabrics swelled the imposts to such an enormous
extent, that a crisis was inevitable.
The products of the soil were never so great;
but as there was not capital in circulation to purchase
at fair rates, the farmer refused to sell?
kept his crop on hand, and gave his note to the
merchaut; the merchant disappointed by his debt'ore,
gave his note to the Banks; the Banks disappointed
by the merchant and others, were unable
to redeem their promises to pay; the differentStates
had to suspend and issue their promises,
and finally the United States, the richest government
on the face of the earth, had to suspend and
issue its promises, to be redeemed at a future day.
The Banks of Boston and New York struggled
that each might hold out the longest, when depositors
fearing the consequence, drew out their
deposits, which created a well founded panic.
With regard to the action of the Legislature,
the great object of all was to do what was right.
There was no lack of patriotism and honesty of
purpose, but the difficulty was to arrive at the true
measures to be adopted. All was chaos. Many
avowed that they knew nothing of the subject.?
We found our people in the midst of distress, suddenly
overwhelmed in misfortune, and totally at
their wits end to know what to do. Many nf us
thought that there were others besides the Banks
at fault; and onr aim in the fear of Ood, was to
endeavor to extricate the country from this sad
oondition into which it had been so suddenly, nnd
so unexpectedly precipitated.
The subject was one on which there was much diversity
of opinion,and theory was continually sounding
in our ears, "punish the Banks?punish the
Banks!" Why punish the Banks? Were the Banks
the only parties at fault ? Had the debtors of the
Banks settled their dues ? Not at all. One Bank
in Charleston had falling due to it in one week,
$100,000, and only $10,000 of it was paid?just
about one-tenth part; and this is supposed to be
about the average amount paid by the debtors of
the Banks. I ask again, why punish the Banks,
as though they were the only defaulters ? The
Bunks if not paid in their own paper, have a right
to demand gold and silver, yet such a thing is never
beard of. The Banks are to be punished, whilst
the debtors of the Banks are expected to go Scot
free. Were there no others besides Banks unable
to redeem their paper? Did the Banks of South
Carolina force their money upon fhe citizens and
compel them to go in debt? Was this revulsion
peculiar to South Carolina ? No ! We saw that
the revulsion extended all over the commercial
world. Hamburg, Vienna, Constantinople, Liverpool,
Manchester, and London, all hnd gone down
in the panic. Every Bank in New Englnnd, New
York, Pennsylvania, Virginia, North Carolina,
and the most of them throughout Georgia, Alaj
bnmn and Louisiana, had suspended. What could
i be expectedof South Carolina?that she could stand
j nut against the whole commercial world? Iropos
J sible! Her chief fault consisted in holding out
I too long?in suffering herself to be drained of her
specie, whilst all the Northern Banks were hoard- j
ing it up.
The bitterest foeB in tho legislature, admitted
that suspension was inevitable. The leader of
the opposition forces, a Director in one of the Charleston
Banks, and who has waged an unrelenting
warfare upon the Bank of the State for a long period,
admitted that had he been in attendance upon
the Board, be might have united in feeling with
those who counselled suspension. The Legislature
of many of the States had been convoked and le|
galized the acts of suspension. To talk of South
| Carolina holding out against the whole world is
i sheer nonsense. She can no more ward off the effects
of revulsions in other countries, than she
can prevent the hurricane from visiting her
coast; the waves of tho sea beating upon her
shores, or tho tides of the oceans running into her
, borders; connected commercially as she is with
i the North, every revulsion there must be felt here.
; But it was charged that the Banks attempted to
i over-awe the Legislature by threatening to put
' * ... . \T . _ A - /? * 1L !
i i the screws to the people, xnoi a woru oi irum iu j
: it. It was asserted for effect, but like many otk- I
, | er assertions fell still-born. Take the memorial
i | and examine it, and I defy any man with "a grain
f j of that charity which thinketh no evil," to find a
i threat, or anything of a minatory character from
i beginning to end. Indeed, I would be glad to see
I it published entire, that our people might examine
I it, not by parcels, but as a whole. The leader of
3 | the opposition first made the charge on the floor
3 of the House?but in his revised speech, also be,
fore me, softens tue charge?affirms that Banks
, ; do not threaten, but simply hint. Well, the Banks
j said if the penalty was exacted, they would have
to wind up?they would have to call in their
e , debts; and that the calling in of their debts, and
f | the inability to furnish a currency for bringing
forward the crop would produce embarrassment
And ia not that so? Take up your village newsp?
per, or the country adYertisemont, and you wil
find merchants, mechanics, and others, not merely
'hintivg,' but asserting roundly, that money thej
want, and money they must have?peaceably i:
they can, foroibly if they must?and if it is noi
forthcoming, settlement will have to be maae win
officers, &c. &o. Well this is all right when mor
chants and others are concorded, but let a Bnnl
"hint" any thing of the kiud, and the hue and crj
are immediately raised against it.
Had there been no relaxation as to the penalty
for suspension, and a repeal of so much of the acl
of 18-52 as inflicted a high penalty for paying out
the Bills of other Banks, except in tfettlemeni
with those Banks, not a dollar would have beer
discounted?not a bale of cotton would have found
its way to market, except at a ruinous rate. Manj
would have been compelled to sell at any. price,
and men of capital would have fattened upon the
misfortunes of their fellow man. Could any man
with refined feelings, or with a spark of humanity
about him, contemplate suob a stste of thing!
without emotion? He must be less than mortal,
who could sit unmoved and look calmly around
upon the scene of devastation and ruin.
During the height of the panio, the Banks oi
this State had in circulation About six millions?
there was du6 the Banks about twenty-six millions.
The prices of cotton in Liverpool would have justified
a price here of from 12 to 15 cents per lb.,
yet not a bale could be sold at any price. Moneyed
men in England knowing the indebtedness ol
our people, and that a large portion of the crop
mnst come into market at any price, were waiting
the favorable moment to step in and speoalatc
upon the misfortunes of our countrymen.
In addition to this dire calamity?the calamity
of indebtedness on the part of the country, and
the readinees of English capitalists to hoy up the
crop at the proper moment for a mere song?the
commercial houses of Charleston had to be sustained
; and to the credit of the Banks, so soon ae
they were at liberty to do business, they sent re
lief to the merchants of oar Commercial Metropolis,
and whilst the banks of New Tork cat down
between six and seven hundred of her commercial
houses, not a single failure occurred in Charleston.
. ...
Had the stringent measures proposed by some
been carried out, the whole cotton crop would
have been on hands yet, except what would have
been forced into market, and whioh would have
, - *.. .
gone to swell the already colossal fortunes of Eng.lish
noblemen and English capitalists. There
was none selling at the time, but many would have
been obliged to sell at any price?perhaps at five
or six cents ; and three-fourths of the commercial
houses in Charleston must have been over"
whelmed in ruin. Many of them could not have
stood out two weeks longer.
The Delegation from the District, who, in voting
for the relief of the Banks voted directly for the
reiief of the people, were under no obligation tc
the Banks. Not one of them owed tho Banks;
not one of them had received any favors from tlu
Banks; not one of them expected any favors.?
Their object was to relieve the community. Per
haps the very persons who asperse.them, are enjoying
the fruits of their legislation. Certain il
is, there are many in the country waging relentless
warfare against the local Banks, whose property
is exempt from execution, by-the operatiot
of the act complained of. The only'fhwible plat
whioh presented itself to our view, wa9 to remov*
certain restrictions from the Banks?put then
upon their good behavior, and prevent them fron
oppressing their debtors while they remain in t
state of suspension. Until they resume specif
payment, they are inhibited from enforcing tbeii
claims upon those who owe them.
Perhaps it would be well for those who fee
themselves under embarrassed oircmnstances, U
enquire how it came about. Certainly the Banki
did pot compel ua#to contract obligations whicl
we are unable to discharge at a moment's warning;
and certain it is, that the Banks by their oharten
came under no obligations to pay our debts.?
There may be faults with us, as well as with th<
Banks. If we do not owe the Banks, we may owt
those who are debtors to the Banks, and thui
have no inconsiderable hand in crippling their resources.
...
This requires me to advert a moment, befort
giving a synopsis of the act, to certain representations
made in the semi-official paper referred to,
published in the Enquibeb of 22d inst. The writei
could not hare read, or if he did, must have mis.apprehended
tha import of the "4ct, for the suspension
of certain seotions of certain acts" &c.,
ratified on the 21st December 1857; and therefore
he ought not so to have written?or if he had read
it, it was hastily and inconsiderately done,v and
consequently misapprehended. The writer says:
"Banks are instruments of oppression?cramping
the energies of the people, and impeding the eo.urse
of a sound, substantial and permanent progress."
Well, that is bis opinion, and every man has a
right to draw his own conclusions, provided lie
makes a full and fair investigation. It is added,
"they have failed to meet their obligations in goud
faith." Have the debtors in York, Chester, and
in all the Districts of the State, "met their obligations
in good faith ?" I trow not. I think I know
of mnny citizens in our District, who are more indebted
to the kind forbearance, human and cbtistian
feelings of our Sheriff, than they are to tbelr
"having met their obligations in good feith.-" I
think I know a great many besides Banks, who
have not "met their obligations in good faith;"
and I think I know a great many who could not
dmnt tVioif nhlio-ntinns in (rood foitll." even
nrvw tiiw? iuvi. vw..D?..? ? 0_ r . _
with Bank notes, much less with gold and silver,
and hrd no forbearance been extended to them,
which forbcnranco they seem to withhold from the
Banks, must have ended in their utter ruin Had
creditors, with one accord, pressed their claims,
our country would have been ruined. A few shylocks
would have possessed themselves of a large
portion of our property, and the streets of York
would have been overgrown with grass. No one
perhaps knows bow much the citizens of York and
the citizens of Chester are indebted to the kind
aud humane feelings of their respective Sheriffs,
who suffered themselves to be "ruled," rather
than oppress those who "failed to meet their obligations
in good faith."
It is further asserted that the "Banks have beer
permitted, without obstruction, to disregard the
regulations of law, and in fact, to usurp the powers
of Legislation." This is a charge of so serious s
nature, that it is difficult to account for it. The
writer as before said, could not have read the act,
aud being ignorant, ought not so to have written,
There is such a manifest and palpable variance,
between tho statements and the facts as they exist
that it does not seem possible that human nature,
depraved as it is, could have wilfully made th<
representation. I ascribe R to tho want of infor
mation. The act will show for itself.
I now proceed to a brief synopsis of the Act,
and the reader can judge, how far the representa
tion differs from tho letter and spirit of the act
and whether the late delegation, whose votes art
well known, and who had no hand in bringing the
Banks into existenoe, have not been greatly mis
represented.
The Aot of the last Legislature provides for th<
' suspension (until January 1, 1859,) of the act o
{ 1840, which provided fora penalty of five percent
% * * - ' 1
' to be pan! tne cuaie oy a duu& euspcuuiug ape
cie payment. It seems to be a policy of a rathe
doubtful nature for a great State to exact thi
penalty for her own use, to the exclusion of th<
bill holders, the persons suffering damage. Bu
Jfe - -
. let that pan.1). The Banks whLb paid this penalty
- petitioned the Legislature'to hate it returned.?
I The Legislature refused. Does that look, ai
f though they were permitted, "without obstruction
r to disregard the regulations of law, and in fact t<
f usurp the powers of legislation ?"
t ' The Actprorides that judgment against debtors
i snail noi oe enrorceu dj a diwk wnutsi iu a ow
of suspension?that is, no Bank whilst it does no
: redeem its notes with specie, shall have the privi
r lego of collecting a debt, unless where other cred'
Itors are executing a man's property, in whicl
' case the Bank is not inhibited from putting in iti
t claim. Does that look as though Banks were per'
t raitted, "without obstruction, to disregard the regl
ulntions of law, and in fact, to usurp the powers o!
i legislation ?" It looks to me very like obstructor
1 ?obstruction of a very serious nature, obstruO'
' tion with a vengeance !
, The Act provides that after January 1, 1860, ?
i the Bank notes issued by any Bank, shall, for mon
than thirty days, exceed three times the smoutf
of gold bullion in the possession of the Bank al
i its Banking House, the Bank shall forfeit five hun
dred dollars for eaoh successive day daring whiol
1 saoh excess shall continue. The officers of thi
Banks shall make returns upon oath every week
' Call you that permitting the "Banks, without ob
struction, to disregard the regulations of law
and in fact, to usnrp the powers of legislation T"
The act provides that from said 1860, no Bant
shall issue a note of less denomination than Ut
dollars apon the forfeiture of one hundred dollan
' for every such note. It provided for a repeal of I
i section of an Act ratified December 16,1862, whiol
; prohibited one Bank from paying oat the bills oi
I -.1 T> 1... * S? r? to minitnl.
I UtUCi JJHU?0, QAVOpb iU OVbklVuiUUH. i? io ^vuwtM
ly conceded that this prohibition should nevei
have found a place in the Legislation of the State
[ During the panic a large amount of bills acoumu
i lated in some of the Banks. As no settlement!
i were to be had, this accumulation was a dead lost
. to the community as well as to the Banks wbiol
i held these notes. The Bank of Charleston, wbicl
. never suspended specie payment, but withal i
very dangerous institution, having a capital ol
i three millions one hundred and sixty thousand
[ dollars, ($3,160,000) is capable, if so disposed, 01
. driving any Bank into liquidation?a pet too, 0!
some of the fiercest opponents of the Countrj
i Banks?for there are men in Charleston, who tbinl
1 there should be no Bank out of Charleston, sa*<
i perhaps by special grace, one in Columbia. Th<
i Bank of Charleston, having a large amount o
. bills of other Banks assumed the responsibility
i paid out these notes, and advertised the Legisla
i ture of what she had done. It has been affirme<
i of another Bank, a speoie paying Bank?one safi
. beyond all controversy?instead of paying out thi
w:i1? Aikait Dunlro flSvontlv itaVforl * thi
U1II3 V/l W?uv? ^uuau .v???w?y, _ ?.1
i same thing indirectly. Her chief officer woul<
make a special deposit, in the Branch', with th<
; express understanding that he was to check upon th<
! identical bills deposited; so that a customer apply
i ing at his connter, was informed of course, "we ar
; not discounting; but I will take your note, and hav
? ing a special deposit in another Bank, will giv
you a check there." This may hare been so, o
it may not bare been so; certain it as, that th
clause repealed, oould hare been evaded in thi
t way.- '
Finally; the Act declared, that by the tert
"bank note, shall be included all bills, checks
i notes or other obligations of any bank, made paj
1 able on demand, &c. &c." '
s Such was the issue presented, and such the ac
i tine had at the last session of the Legislature.1
No man can tell what it may bo at the next. 1
i may be that the Banks will hare abased the faro
> of the Legislature, by deferring the resumption c
r specie payments in order to make money by th
suspension. It may be that the Bank of the Stat
I may so increase its circulation as-to make her re
> sumption impossible, and it may be for the othe
! Banks to resume without her, so as to dtsoredi
i her bills, would be an unwise policy; and it ma;
; be that the Legislature may impose such duties oi
I the Bank of the State by compelling her to advanc
. money for the State, as will seriously cripple he
? in her efforts to resume. The carrying oat of th
> reforms commenced, will derolre upon the nex
i Legislature. - . . . . ?--i
There are points for future discussion, and an
somewhat different from the main question prtf
s sented last fall, which was, whether thesuspendec
. Banks should be relieved from the penalty imposec
, upon them of five per| cent., per annum, on theii
. circulation, and go into liquidation; and wbethei
. the specie paying Banks should be permitted t<
. pay out the bills of suspended Banks. , .
I have never doubted the wisdom of suspensioi
i under the circumstances, nor the propriety ol
relieving the country by extending Legislative aid
to the Banks. We find our country relieved be
yonu mi 1I1U31 suuguiuc fipcuiiiiwu, turn yur piu(luce
commanding remunerating prices. Iamsatis
fied that our Legislature was wise?has saved
most of oar mercantile houses from protest, and
prevented many persons who nre m debt from being
sold out. And farther, I am satisfied ifw<
wonld take to' ourselves a tithe of the blame w<
attach to the Banks, we would better subserve out
own interests and the interests of our conntrj
which we profeBs to love.
I send you an extract from a letter from a venerable
Senator at Washington, which I hope yon
will publish in connexion with this, Perhaps, at
a suitable moment, when yonr columns are notso
crowded, I may ask you to publish Mr. Mexxinoeb's
speech, the memorial of tbo Banks, %nd
some other papers. All I ask at present is, tb%t
you will publish the extract I send,,which embraces
all that is said on the subject?and is copied
verbatim et literatim. Coming from aman occupy
ing the position that ho does?accnstoiped for j
> larger portion of his life to investigate and weigl
well matters coming under his review ; venerahl<
i for years and noted for his love of country, I trust
' it will receive the favor, to which it is so well en
i | titled. Your friend, W.
Satubday, April 24, 1858.
Washington, Dec. 21,1857. '
My Dear Sir: " * * * * .1 am glad
to find the Legislature will adjourn, leaving -tin
. Judiciary and the Usury Laws where they are.
I do not think that the former can be put on bet
' ter footing, though it may need some additions tc
i the number. The latter would put tbewhole peo|
pie at the.mercy of the money lender. As to the
1 i Banks, you have done all that could be now done.
! I I am not of those who think the evils of the times
11 are to be ascribed to them alone. The great evil
t ' arises from the spirit of the times fll over the
I world. Men are not content now to get rich ae
! . formerly, by slow but' sure gains. A fortune it
i to be made by speonlation on a grand scale in a
j year, or by a single operation. This can only be
! done by credit, and the batiks have no doubt adI
ed to the evil by lending their money to improvi!
dent people. To expect them to withhold theii
' loans because the borrower is likely to ruin him'
| self, or embark'in speculations and overtrading, is
to oxpect what will never be done by money lend'
ers. They look only to the security, and if thai
be good, they enquire no further.
"Lead us not into temptation" is a wise sayingconsidered
prudentially merely?and I have always
doubted the wisdom of tempting people, by bring
; ing the money lenders to their doors in the shajK
> 1 of Banks. We have two many?that is the evil
, and this may be corrected by Legislation."
Gone to Give them Another Trial,
i It is stated that Mr. Ten Broeck, the Napoleoi
? ; of the American Turf, sailed from New York foi
f ' England on Tuesday last, for the purpose of test
. ! ing the spged of the English horses, with his hitherto
invincible Charleston. John Ball had bette
" . look well to his laurels, and also to his purs<
r strings, else Mr. Ten Brceck will pluck the oa<
s and unloose the other, for we are satisfied tha
with an open field and a fair contest, Charlestoi
will be a match for the fleetest horse upon the En
t gllsh turf. Through no great advocate for tb
- r
, sports of the turf, we nevertheless wish Mr. Ten
^ .Broeck may succeed beyond even his most sanguine
expectations. We have the biggest rivers,
9 the largest railroads, the tallest mountains, the
, bravest men, the prettiest women, the fattest ba3
biee, and we spe no good reason why we sboald
not hare the fastest horses. ,
., I?
? For the Vorkrille Enquirer.
5 % ? > " I,
TO THE SONS OP TEMPKRAlfCl! IS YORK
DISTRICT. .
'A convention of Delegates from the different
Divisions in the District met, on the 20th ultimo,
I ?La nimmaon r\f intr?rr?hqncri na ihn nsiaaifn 11 a#
tui IUV putjivov v? VI
9 friendship and brotherly lore, and of consulting
on the interests of Temperance. By appointment
' of this Convention, we address yon a few words
r in reference to the oause. Cheering were the re1
ports which came np from the different Divisions
of the prospeots and progress of titfnoble work,
which for near the last two years has been perae^
ating like a health-giving stream our district, aod
9 cleansing it from the corrupting and blasting in1
flu'ences of intemperanoe. Tea, it i^as cheering,
1 because it told of a permanent good?an enduring
blessing, which bad sprang from aW organisation
1 that the skeptical may deride, and the mlserabft
9 dopes of iniquity may well fear. Many who
1 once donbted, have at last arranged themselves
under the banner of temperance, and hare im?
' pressed on their hearts, thoso bright magieal
words?Lova, Poritt and Fidiutt. 8och is the
potency of moral influence ,* snoh is the power of
a wise and prudent public opinion, opsnly and
fearlessly, yet oonrteonsly and earnestly expanse d.
We cannot estimate too highly the scope of moral
influence. It is a rill wbieh springs is the moantains,
and steals nnobtrasively among the hills,
until it spreads out ipto.a broad and majestic rivr
er, and stretches away to the ooean withfuMeas
' success.
We shall not attempt to impress" upon, your
! minds the baneful effects of internperaoM. It
9 would be an set of oonceited arrogance hi us to
pioouiac tuav juu u?u cuiihou in uii TinUOBB
warfare without an intelligent conviction of the Injurious
influence of the wide-spread evil which we
are pledged to combat. Ton have seen, and may
daily see melancholy illustrations of the blighting
effects of the drunkard's drink. Ton hare read,
and may daily read in the newspapers of the day,
terrible commentaries on this dreadful scourge.?
The bloated victim, as be reels' lb besotted degradation,
his wild blasphemy, the midnight carimsal,
the impious Bachanalian rites, the gleaming dagger,
dripping with human blood?these are the
orators from whose terrible eloquence yon can
learn the lessons of purity sod temperance. Bat,
gentlemen, it is rather to yon as an association,
connected together for the promotion of h'high
and philanthropic purpose, that we would address
ourselves. Itisby yoo, as the already enlightened
advocates of a noble cause, we would be heard.?
We have associated together for the pirpdae, not
so'muoh of promoting our own welfhre?our own
Individual reformation?as for the diffusion of
those sentiments which wewdtooate. We hare an
organisation as perfect, perhaps as human foresight
"coold invent-forthe consummation of nek
an aim; and what we propose, is to oontkfasr the
t -V ... -1 ? 1U. 1 *'
VUSUM/1CO IIHIJT w tuwirt our purpON SOU ipST OV
8 endeavors.
We wield ft power for the promotion of good, so ^
n great and of such vitftllmportance, that we may
well tremble at the responsibility resting upon as.
We bare tome forth to battle against a foe victorious
in a' "hundred fields, and whose brutality,
cruelty"aud-truculence hare left a shadow on ma?
7 ny a widowed heart and orphaned home. Bat
1 shielded by the panoply of truth, against which,
r as against "the foarfoid-risaged Four, distinct
^ with eyes," erery lance must toll powerless, we
e most come off conquerors; or if we fiNl, we fail
6 from our own iLaetion and inglorious indolenoe.?
We will toil because satisfied with partial success,
r or deluded by the appearance of viofory, our
1 stealthy foe strikes when our weapons ire aban?
doned, and our strong toWers left unguarded; for
Q the history of the world establishes the toot that
0 in moral as in other revolutions; partial success is
r often little better than defeat.
8 The sinfnl indulgence of the Israelites preser1
ved a remnant of the inhabitants of Canaan, contrary
to the express iojnnetion of God; and that
9 remnant was'long a thorn in Israel's side, and
threatened often to wrest the soepter from Judafa.
1 Despite her good kings, the "High Places" still
I remained to call down the vengeance of Heaven,
r until "the Lord oovered.the daughter of Zion with
II a cloud in his anger, and oast down from Heaven
} unto the earth, the beauty of Israel." So tow,
from a compromise between the primitive toith of
1 the Apostles and the idols of Paganism, arose the
' proud and voiuptuous pageantry of Catholicism,
1 and the crushing terrors of the Inquisition.
The lesson we would inculcate from these examples
is, that truth cannot compound with error.
' > It behooves the "Sons," fighting under their "ban*
| ner of light," to read wisely the history ef the
1 past?to watoh closely the crests of the present?
and to reflect on the judications of the future.?
1 Remembering the; irresistible powea of trath and
1 acting upon the belief that, thejre is in man a
moral sentiment, that wiiL when folly awakened,
enable him to throw off the thraldom of the degrading
rice of drunkenness, and toreeistthe fascinations
of-the charmer, "charm be nerer so
J V" m~ ** * * V '
wisely ;H it is as truthfully necessary that we be
vigilant in improving every opportunity of dissent*
' inating the virtues of temperance, ?pd earnest in
the advocacy of a cause fraught with so many
' beneficial results to the world.
No-one has failed to observe the present prevailing
religious sentiment. We deem It a happy
' omen that such is the case. We pray that the
v ripple may widen and widen until it reaches either
1 shore of the vast son of humanity. Wherever
1 true piety exists, churches will rise on the rains
' of still-honse* and rotuil nhopi; and a pore and
' elevated religion, like the dews of heaven, will
water into life and vernal beauty the Indigenous
tree of Temperance. However much we may
admire temperance as good per te, it is as the handmaid
of religion that it possesses a peculiar attraction.
-Purifying and elevating the man, it
1 prepares him in some measure for the divine implantations
of religion-for the "beaotyof holiness."
Let ua then look to the pervading religious senti'
mpnt for a reacting influence in favor of Temper'
"ance and its attendant blessings. Let us ask of
the Ministers of the Gospel thronghout the land to
1 invoke the smiles of Heaven on the cause. Show
us a sober, temperate community, in a land of
, Ribles, and we will show you a religious and pious
) people. It is as impossible that religion exist
1 without temperance, as it is for the drunkard to
. enter the kingdom of heaven.
In conclusion, allow us to say, that from tht
united testimony of your delegates, we are satis'
fled that the past ovation has not been fruition.
'I 9
. I and we.have every reason to hope that the future
will not withhold from as, successes as brilliant
and splendid, if we will be but truu to ourselves^
i to the truth, and to the vital interests of human!
ty. We urge upon you, therefore, to put forth, in
' the spirit of true religion and a noble philaiithxt*
' py> your best and most earnest endeavors, to difi
fuse the principles of truth and the blessings of
I temperance.
i J, L. M. ADAMS,
r '(- V Bethel Divuion.
. W. C. BEATTY, ?
York Divuion. |
r ;JtVG. LAWRENCE, " *
5 Centre Divuion. ?
e /. r;,W. P.THOMASSON,
t v Rock-Hill Divuion. _
; ? g0TThe says that Hon. JivrctsOH Da*
e vis has MOtered from his reoent illness.