Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

VOLUME VI-NUMBER 1022.] CHARLESTON, S. C., TUESDAY MORNING, DECEMBER 8. 1868. FIFTEEN CENTS A WEf K BY TELEGRAPH. THF: STATE CAPITAL. THE DOINGS OF THE LEGISLA TUBE YESTERDAY THE REMOVAL OF DISABILITIES-BIP?BLICAN CACCD8 - THE CONTEST FOB THE CTBCUTT JTTJOESHIP. [SPECLVL TELEGRAM TO THE DAILT NEWS.] COLUMBIA, December 7-10 P. M.-IN THE "SENATE, to-day, Wright introduced a joint reso? lution requesting Congress to remove the po? litical disabilities of all citizens of South Caro? lina disfranchised by tho Fourteenth amend? ment. Ordered for con? .ration to-morrow. Corbin introduced a resolution requesting the Governor to inform the Senat? what Gir cnit Judges have qualified and entered on the discharge of their duties. Adopted. Also, f. bill to incorporate tho Ashley Bridge Company, which received its first reading. Hayes introduced a concurrent resolution that the General Assembly take a recess from December 22 until January 4. Ordered for consideration to-morrow. The House Judiciary Committee reported favorably upon the bill to incorporate the Cal? vary Baptist Church of Charleston. DeLarge introduced a bill to ostablish the Mount Pleasant Ferry Company, and extend the aid of the Stat? to tho same, which wa3 referred. The resolution of inquiry introduced on Sat? urday, in regard to the course of Chancellor Carroll, was laid on the table. A caucus of the Republicans was held to? night on the subject of the Judgeship of the First Circuit. Ransier and DeLarge made speeches in support of Whaley; Chamberlain advocated Carpenter, while thc chums of Glover wer? urged by Sasportas, and those of Word? ing, of Beaufort, by Hoyt and Wright. Wha? ley and Carpenter seem now to be the strong? est candidates. McKinlay will probably be elected Register of Mesne Conveyance. Nothing was done in the Supreme Court to dav. WASHINGTON. THE OPENING OF CONGRESS-THE CASE OF GEOR? GIA- THE MESSAGE-POLITICAL GOSSIP, AC WASHINGTON, December 7.-Both houses of Congress met at coon. In the House the credentials of Christy and "Whimpey, contestants from the Sixth Geor? gia District, were referred to the Committee on Elections. The credentials of Miller and Hill, senators elect from Georgia, came up in the Senate. The clerk read a memorial from the negroes who were expelled from the Georgia Legislature. Menard, who claims to succeed Mann as one of the representatives from Louisiana, is pal? pably a colored man, and was cn the floor of the House. The Supreme Court Judges, hcadod by Chase, with Evarts attending, visited the Fres ident to-day. The Supreme Conrt was in full bench, except Justice Greer. The Georgia senatorial question is warmly contested to-day. Only Hill's credentials have been presented. Miller will probably require the removal of political disabilities, and it was thought best not to complicate Hill's creden? tials. The Republican pi rt y ara divided on this question. Messrs. Ackerman, Bard, Speer and the members of Congress, except Clift, urge Hill's admission. Governor Bullock and Mr. Blodgett, supported by Congressman Clift, urge delav. The Commissioner of Internal Revenuo will, during the week, transmit to the President bis resignation, to take effect at the close of the month. \ It appears that the negro Menard is here without credentials from the Governor of Louisana. It is staled tc-day that the Colored Library Association addressed a note to Menard urging him lo make no effort for a seat as it would certainly work to tho general disadvantage. Governor Bullock has addresser1 a, commu? nication to Congress, repr?senting that tho laws of Congress under which Georgia was ad? mitted to the Union have not been fully com' plied with, and holding that, until such com phaoce, Georgia's government must continue provisional. The failure, he says, hes in fail? ing to exact from office: s elected the oath prescribed by the Congress, and administering instead that provided by tho proposed Georgia Constitution, which failure to execute tho kw of Congress has resulted iu tho defeat of tho purposes which Congress had in view in passing these acts, namely, affording ade? quate protection tor life and property, the maintenance of peace and good order, and the free expression of political opinions. The Governor states 11 tho wisdom displayed by Congress in providing that only loyal men pai ticipate in tho establishment of a provisional government, to be thereafter clothed with the rights and immunities of a State in tho Union, is made apparent by consequences arising from a failure to enforce that legislation." The Governor calls the attention of Congress to this suDject, to the end that stops maybe taken to obtain full information in relation thereto, and to the end that loyalty may be pro? tected and promoted by the enforcement of tho laws enacted by the representatives of the American people. THE HOUSE, one hun ired and sixty-four membere wera present. Several new members were sworn in. After the proceedings reported at noon, the credentials of Mr. Hamilton, of Tennessee, were presented. They were re? ferred to a committee, and the privilege of the floor refused to Mr. Hamilton pending the de? cision. Some half dozen bills and amendments to the constitution, providing for the regulation of voting and naturalization in all the States, were presented and referred to the appropriate committees. The Judiciary Committee wera directed to inquire what legislation was necessary to seouie uniformity in compensation under the eight hour law. A half dozen financial bills were referred. The correspondence with Johnson relativo to the Alabama claims was called for. A resolution eensnrin? Raverdy Johnson and demanding his recall was referred to the Committee on Foreign Relations. The committee to wait on the President IC ported tbat the messago would be transmitted at one o'clock on Wednesday. Tho Committee on Reconstruction were di? rected to examine into Georgia affairs, with power to send for persons and papers. Miller introduced a bill to suppress the Ku K'.ux by national authority, aud declaring tho members outlaws, wu.oh was referred to the Judiciary Committet>. Tift presetited tho memorial of the Georgia Legislature, asking the removal ot the political ?mbiliues of oil citizen-;, wh sa was referred to the Rc const roc ti ou Committee. Kellogg, of Alabama, introduced a bill to improve Mobile harbor, which waa referred to the Committee on Commerce. A bill was introduced providing for an elec? tion in Virginia in January, whicb was refer? red to thc Reconstruction Committoe. A preamble and resolutions repealing the Tenure-of-office bill was tabled. The Reconstruction Committee were direct? ed to inquire into the condition of Virginia, Texas and Mississippi, and report what legis? lation was necessary for the protection of life, liberty and property in those States. Is THE SENATE, Sherman presented Senator Hill's credentials. Drake objected. He would never admit representatives from a recon? structed State wherein the supremacy of loyal men had been overthrown. He contended that Congress had tho right to see thc Reconstruc? tion laws enforced. Sherman insisted that Hill's presence here would help to cure the wrong. Thayer said that the roal ground of difficulty was that the Georgia Legislature was an illegal body, and requested the reading of a communication from Governor Bulloch, in substantiation of his statements. Various documents wore read opening up tho whole question, when tho matter was post? poned to Wednesday. Rice, of Arkansas, introduced a bill requir? ing the Secretary of War to doliver to thc Gov? ernors of North Carolina, South Carolina, Goorgia, Florida, Alabama, Louisiana and Ar? kansas, al thc respective scats of government, as many arms for the militia as the Governors may require-not exceeding two thousand rifles and two field pieces for each Congres? sional District. These arms must go into tho hands of loyal mer?, but to remain the property of tho United States, subject to the order of Congress. Several financial, suffrage and naturalization bills were introduced, after which the Senate adjourned. THE BEPOBT OP THE SECRETA UT OF THE TREAS? URY-THE PUBLIC DEBT. The Northern papers of to-day contain a synopsis of tho report of the Secretary of thc Treasury, which erroneously states that the Secretary shows a decrease of the public debt. The fact is, the report shows an increase for the year ending the first of November of over thirty-five millions of dollars, and the state? ment of the public debt for the month of No? vember will show a further increase ol over eleven millions of dollars, making the increase of the debt for the last thirteen months about forty-seven millions of dollars. THE PRESIDENT'S MESSAGE-WHAT IT CONTAINS. The President's message is completed in type. It recommends the repeal of the Recon? struction laws, the Tenure-of-Office law, and the act providing tor the arming of the m in: ia ; and also recommends the speedy resumption of specie payments, and sets forth in substance his financial views as embodied in his recent letter to General Ewing. WHAT THE RADICALS WILL DO. Washburne, Schenck and other leading Radi? ad members of CoDgre3s, informs us that Con gross will not likoly inaugurate any meas? ures of a strictly partisan or political character during the coming session, but will devoto their time to finishing legislation heretofore proposed on important matters, such as bills for the resumption of specie payment, the postal telegraph system, Not much busi? ness is expected to be done beforo the holi? days. EUROPE. TURKEY AND GUEE CE. CONSTANTINOPLE. December 7.-The Sultan has decided to oct vigorously against Greeco should Cretan resistance continue. Unless Greece 'gives reassuring guarantees, commer? cial and diplomatic relations will cease. MEXICO. NEW ORLEANS, December 7.-Rio Grande files to December 1st have been received. The Tamiulipas insurgents, under Vargas, Cabello anc* others, are very active, but have not yet made any movement of military importance. Escobedo is marching on them with the third division of the national army, and at Matamo ras he will reorganize for a vigorous campaign. There are reports of much general disturbance aud pronuDciamentos in various parts of Mexico. Near St. Louis Potosi thc earth was shaken m my times in quick succes? sion, and a mountain near had exhibited signs of an eruption, and it was feared that a new volcano was about to break out, thc air being full of ashes ana smoke, and the earth shaking with a subterraneous noise. An earthquake shock was also felt in tl e C. ty of Mexico on the t>:xth of November, and at Puebla enocks were fell for three days. THE OLD DOMINIOS. A NICE STATE OF AFFAIRS IN THE VXBGXKtt COURTS. RICHMOND, December 7.-In the United State District Court to-day waa argued the h ibcas corpus case of Cosar Criffin, convicted in the Judge Shelley's State Court of shooting a white man and sentenced to the penitentiary. Tho counsel for Griffin pleaded that his convic? tion waB illegal, because Judcre Sheffey was in? eligible to hold office under the Fourteenth constitutional amendment, and was therefore no judge at all. Judge Underwood gave his opinion sustaining the ground of the peti? tion, and discharged the prisoner. The coun? sel tor the respondent appealed from the District Ju ge in Chambers to the United States Circuit Court, when Chief Justice Chase will be on the bench. The prisoner was bailed to appear before the Circuit Court. This de? cision of Judge Underwood, if confirmed, upsets two-thirds of the criminal and civil decisions made in Virginia since th" T?AI: Tho Trouble at Savnanah. SAVANNAH, December 7.-F. B-odbacker, who was shot and killed by negroes on Saturday last, was buried to-day. The firo companies and German associations turned out iu force. Two of the wounded patrolmen are in a very critical condition. Tho excitement bas some? what subsided. More arrests have baan made. Condensed News by Telegraph. General Cole, who killed Hiscock in Albany, N. T., some months ago for the alleged seduc? tion of hie wife and ?aa tried for murder, was acquitted yesterday. Mr. Thomas R. Price, a well known dry goods merchant of Richmond, ts dead. Mr. J. ?S. Peachey, of New York, died sud? denly ia Richmond, Va., on Sunday night. Tho accounts of the terrible etc am boat col? lision ou the Ohio aro conflicting, but forty-five passengers by tho steamer United StalcB, in? cluding ei?hteeu ladies, seven of the crew and eighteen deck hands, ?ra believed to bo lost. A gentleman aud his sisUr, from Louisiana, were the on'.y Southerners among them. -A erusty old bachelor says ho thinks it is woman, aod not hex wrongs, that ought to bc redressed. AFFAIRS IX COLUMBIA. Another Candidate for the Cir Judgeship-Colonel Carpenter in Field-The Candidates for Regist? Mesne Conveyances-Who They A Mr. Hayne's Letter and what thought of it-Thc Fire Loan Bon They arc to be Funded-Stock t< Convertible into Bonds-All Bond bc Payable in New York-State S? ties will soon be at Par-A Case Point-Cincinnati and thoBlac Ri Road-A Fixed Salary for Sherii Uniform Rates of Freight-Thc C tested Election and thc Supr< Court. [raOM OUB OWN' COBBEf-PONTtENT.] COLUMBIA, S. C., December C, 18C8.--Ano: candidato for the judgeship of the Chm ton or First Circuit has entered tho nek number of friends having brought for* the name of R. ?. Carpenter, Esq., the p cnt popular registrar in bankruptcy. A leading member of the Charleston d gation said to your correspondent this mc ing, that while ho recognized thc meritori services and ability of Mr. Carpenter, t gentleman hud uot identifie 1 himself with party, nor seemingly interested himself in success. If, therefore, he voted for any c didatc outside thc party ho would vote Colonel Wai. Whaloy, of Charleston, becnv said ho, I have received a numerously sigi request to that effect from my constituent! Charleston. Mr. Carpenter, it is bat fair say, was waited upon here by a uumber members of the Legislature, and asked to come a candidate. He replied that he did I seek the office, but that if clcctod would happy to servo. The members generally do not exhibit I active interest in the electiou of Judge, whi comes off next Wednesday. But thc cont for thc office of Register of Mesne Conveyai awakens much more interest. The promint candidates are: First. W. J. McKinlay, son of Alderman J Kinlay, of Charleston, and an active lea der the Republican ranks. Second. Captain James 0. LadO, whoso i cord, as circulated by his friends, is as follov "Captain James 0. Ladd entered the Unit States Volunteer Army from Massachusetts 1861; lost his right arm at Antietam ; was prom ted by the Secretary of War, and entered a ref ment of colored troops, whore he served till aft he close of ?he war. Ho was connected with t! Bureau Refugees, Freedmen and Abandon Lands during a portion of 18GG and 1867, ai was chief dork in tho Adjutant-General's tl partmcnt, Second Military District, during tl work of reconstruction under General Canby Third. Mr. Augustus E. Cohen, of Charlo ton-a quiet, unassuming gentiemau of co siderablc experience. Ho was for some tin connected with the office. Fourth. Mr. J. R. Stoll, an old and w< known citizen, who also has had great exp rience in that branch of business, aud is brotigl out by Senator Cain as the most suitable mt for tho placo. Appearances at present indicate the fir: named candidate as having thc best prospec of success. The reply of the Hon. LW, HaynetoGo' emor Scott is regarded by thc Rppublico leaders as excellent in tone, dignihed, courl OUB, and-as thc Governor himself admits truthful and gentlemanly. In conversatioi the Governor said that tho very heavy pressui of business upon him at the last session pr< vented his immediate attention to the subjet complained of in Mr. Haynes reply, namoi; that thc Legislature had made no provision t pay the Fue Loan bondholders in Europe, c for thc redemption ot the bonds. A bill was introduced at the last special ses sion entitled, '"A bill for thc conversion c Stato securities," which had for its objects th funding of tho Fire Loan bonds, as well ai th other indebtedness of the Stato. It was rea a first time in tho Senate, but from 6omc ova sight no further action was then taken. I was road a second time last Thursday, and rc committed to tho Committco on Finance fo somo slight amendments. This bill gives th bondholders the privilege of exchanging thei old five per cent, bonds for new Stato six pe cents. Tho principal and interest of tho nev bonds will be payable iu New York. Partici holding Stato stock are allowed to convcr them into coupon bonds. The reason of tint is that tho stock is always about ten per cent below thc bonds, and in New York our sloe! cannot be sold without a transfer agent. Thc purchasor, of course, wants his title at once. A New York financier, in the course ol' thc conversation, remarked that South Carolins Stato stocks were uot known in New York be? fore the war. South Carolina financially was theu only kuowu in Loudon ?iud Liverpool. The interest on South Carolina bonds was ouly payable hero and iu Loudon; hence South Carolina stocks were never called on the Now York stock board. Having lost all capital, it has bc como a necessity that the principal and interest of tho bonds should be payable in New York, the same as other stocks, on thc first of January and first of July. In case the State should theu be short of funds, enough can bo borrowed for the occasion. Tho principal and interest being payable there, South Carolina stocks will be called on tho stock board in tho same way as every other Stato in tho Uuion. There is no danger, said he, of the s'ock going down. The State debt is so small that the bears cannot put the stock dowo, and it will al? ways command a high price. He thought that within less than three years South Carolina State bonds would be worth aa much aa Ohio, In? diana or Illinois bonds,which now stand at about par. Another reason ho gave for this belief waa, that before the war the poople of South Carolina generally invested their surplus capi? tal in negroes and lands. But with no negroes to buy, and all laud to soil, tho surplus will be I invested in State securities, especially as South Carolinians generally havo not the fullest J faith in five-twenties and other government bonds. The result, he thought, would be that ! Sooth Carolina Stato securities will bc near par. To show how lew Bom9 Stato stocks had been, bc cited tho case of the Stato of Illinois. Her stock, when she was building the Illinois and Michigaa Canal, weat down to 10 and 15 cents. It was surprising, ho said, that South Carolina bonds dil. not go lower than they did Rt'ier thc war, and he now thought thov would not havo prono even so low had not some of thc people of thc StaL? continually cried thurn down. Ho also cited tho case of Indiana, when her bonds, whiic building tho Wabash and Erie Ca,al, went down to 17 conts. The resources ol South Carolina, he said, were iur in ad vaneo of those Stales ao that time. I learn tiiat a bill has been introduced into the Ohio Log:Ektur-? to allow the City of Cin? cinnati to u-sno bonds to hui d the Bluo Ridge Riilroad. The city iUel* .a to tako charlo of the woik. I neglected to monlion, in a former letter, that notice bas been given of a bill to tlx tho eolanca ci eborilT-i and o ber er-nnty officers. Tho bil! contemplate* tue eetabhBhmeut cf a fixed salary for sheriffs, and the payment of all fees into the State Treasury. A bill will also be introduced this week, pro? viding for a uniform rate for freight on all rail? roads in South Carolina. It is intimated that tho Supreme Court will not undertake to give a decision in the Charles? ton election case, on tho ground that tbe ques? tion is one that can be heard only before a full bench. Should this bo so, no decision can be arrived at until Judgo Moses qualifies, or an? other ?B elected to fill tbo place. MOKE BASKING CAPITAL. The Great AV nut of Charleston. TC THE EDITOR OF THE KEW 3. The triter, in his previous article, confined his rc.rjj.arks mainly to the effect produced upon our cotton trade by our deficiency of capital. It might be shown quite as clearly, that each and every branch of trade, and of mechanical and other industry, is equally affected by the sime cause. To do so would necessitate the extension of these articles to an undue length, and the writer thinks he may fairly assume that enough has beon said to satisfy every one of tho paramount importance of adding to our available commercial capital. The readiest and most effie icnt means of doing this would be the establishment of a bank with a capital of not less than $1,000,000. Two objections will probably be urged against tho feasibility of this projoct. First, that a charter for a National Bank cannot be now obtained; and secondly, that so large an amount cannot be raised. Bjth of these ob? jections can bc readily refuted. As to our inability to obtain a charter for a National Bank, tho writer takes thc ground that such a charter is not desirable; as he would decidedly prefer a Stato charter for a bank of discount and deposit. The only ad? vantage that can bo claimed for a National Bank is tho right to emit notes ior circulation. The writer donies that this is really an advan? tage. The law requires that for. ?very ninety dollars of notes furnished by government for circulation a National Bank must deposit in the Treasury one hundred dollars of United States bonds. It is true that the bank re?oives interest upon the bonds so deposited, and can still us3 the notes leceived in exchange as its banking capital. This privilege of drawing in? terest from tho government upon the money invested in bonds, and of using tho notes as currency, is tho bait that proved so attractive, and rendered the National Banking system so popular; but it is now found to have its disad? vantages also. The circulation is subject to a tax, which is so much abstracted from tho in? terest received upon tho bonds; but the great? est objection is that tho capital of the bank is necossarily lockod up in government securities. It is well known that notes, when they once pass into circulation, cannot be recalled at the pleasure jf tho bank, 'and the original capital is thus subjected to all the vicissitudes that may attond the national credit. Tho bonds can only be redeemed by the return of the identi? cal notes for which they are pledged, and thus a bank cannot cb inge its invostnient. Should they find that tho bonds were- depreciating in value, they would still bo forced to hold them. Besides this, Congress may, at any moment, by amending or dunging the National Bank? ing laws, entirely ?weep away any apparent advantage derived from tho law as it now stands. Wo find that in Now York what aro there calla-J security or trust companies-which are nothing moro or loss than banks of discount and deposit-are now preferred to Nitional Banks, their stock being preferred at? an in? vestment. A National Bank is liable to all the conditions and restrictions now imposed by law, and cannot escapo from other conditions and restrictions that may, at any moment, bo imposed by a chango of tho law. In a word, thc capitol of a National Bank, or such por? tion, at least, as may be invested lu bonds to obtain notes for circulation, is placad ontirely beyond tho reach and control of thc bank and its stockholders. A bank of discount and deposit would enjoy a much greater freedom of aetion, and could realize ils assets and close up its affairs at any timo that it might bs the wish oC its stockholders to do so. In addition to a regular bulking business, advances could bo made to factors or planters upon produce in hand. This is a largo branch of business which, in New York, is monopolized by thc se? curity companies. No safer business can be undertaken, and nono is more profitablo to the bank or effors greater advantages to its cus tomcio. Advances upon cotton, nco and other produce, niado uudor proper restrictions, and upon conditions of perfect socttrity, would afford just tho kind of relief that is most needed, and would not fail to attract to our city a very larg J am mot of business, which now finds its way to other and mora favored communities. Having but small cash liabilitios to meet, its capital can be invested in longer loans, and aid eau bo given to enterprises of great utility, whero temporary loam for thirty or sixty days would be of no avail. The only cash liabilities of such a bank would bo its liability to its depos? itors, and by using only a proper portion of its deposits as capital, it could always realizo from its maturing commercial paper the amount needed to meet any sudden or extraordinary demands of its depositors. A fuller investiga? tion into tho advantages and disadvantages between tho two systems, the writer feels euro, would result in a decided preference being given lo a bank of discount and deposit over a National Bank. In considering our ability to raiea a capital of $1,000,000, we have two sources to look to first, to ourselves; secondly, to the capital? ists of the North. First, as to ourselves; for we must recollect that before wc can appeal to Northern capitalists wo must ?bow our owu faith by subscribing as large a portion of the capital as our limited means will allow, it is admitted that our merchants who have ready money now need it nil for Ibo purpo?oa of their own business, but if they could bc assured of tho establishment of such a bank as is proposed, they could well afford to invest no incousidcra ablc -ltnouut if their ready means in its atock, as they would know that when they needed money it cou! i bo oblainod from thc bauk in thc way of discount. Xnoy aro no.? forced to keep in Land, thc year rJUud, funds willoh they ueedojly at certain seasons, for thc r:ason thai, if parted with when they cou'd spare them, they might not bo able lo realizo them when needed. Thc ab ?euee ol a sufficiency of capital thus hampers what little wo Lave. To ' usc a homely i lustration : A and ii might, r.t at ono period, iinvu a surplus of money in hand which B and O at tho same timo greatly need, iud ?ould uso to advantage, but A aud B cannot assist them. a? thoy loar it might not be lortliconiiug promptly ?ben needed. A month or two later their posilioas n.i :lit bc reversed, and li and C. with idle funds iu hand, could not relieve A nnd B, for the samo reasons that A and B could not relieve them when tbey were pressed. In forming a bank all in their surplus fnnds, each knowing tba can be aided when necessary. But apart from our merchants, it is a known fact that there ia at the present ment a large amount of capital in the bane many in tho interior of tho State, which is ho ed up from a feeling of insecurity, and a of not being ablo so to invest it so as to 1 it entirely secure, and at the samo timein s a manner as to ce able to realizo it when ni ed. It is, of course, impossible to estimate amount of tho private hoards so held, but amount must, in the aggregate, exceed m times the amount proposed to be raised i capital for this bank. ThestV-private hoa yield no income and aro liable to serious ri from robbers and incendiaries, and they wc readily be drawn out and made available if holders could bo made to feel perfectly cure. Our second reliance is to be placed upon s scriptions by Northern capitalists, for in t more favored section of our country there is lack of capital seeking safe and profltablo vestment. Why, then, has it not boen s here, to relieve our wants, and reap the adv tages of tho high rates of interest which hi prevailed ? Tho answer is simple, and can given in three words-''Want of confidenc Capital is timid, and tho same fears wh have induced many of our people to hoard what ready cash they had at their comma] have prevented Northern capitalists from soi inp; their means here for investment to a considerable exteut. Tho question, then, solves itself simply to this, have those caus been removed, and aro we now able to msp that confldoncc which is necessary to sect the object wo havo in view ? An affirm?t] answer can. I think, bc safely given. The Presidential election was an event look forward to by many at the North with feelin of great anxiety, apart from its mere pohtii bearing. Grave apprehensions were entertain that it might lead to serious disturbances the South. The mass of the Northern pooj believed (to use their ownj expression) tb the spirit of rebellion was dormant, but st existed in the masses of tho South. This t lief, unfounded os it was, undoubtedly conirib ted greatly to tho defeat of the Democrat party. That election is now over, resulting the choice of the candidate of tho Republic; party. The election, though resulting advera ly to the wishes of the Southern people, w marked by no scenes of disorder, and the r suit has been accepted by them as a final ne tlemcnt of all thc important sectional questioi at issue, including tho Reconstruction act The people of tho North must now be ful convinced that the battlo cry of their chost leader, "Let us have peaco,"is thc faithf echo of Southern sentiment. The good sense and sound judgmont of tl American people being now left free to judi of thc true situation, uubiassed by false r ports invented and circulated by designir politicians, will not fail to discover that life an property at tho South are secure, and the shrewd capitalista will not fail to perceive th: the South is now a rich field, where judicioi investments aro likely to yiold a large an safe return. It is therefore reasonable to BU] pose that, if proper representations aro mat ta mon of wealth at tho North of tho gre: need of additional banking capital in this cit, of the certainty of its yielding a good rctun and above all, that capital so invested will I subjected to no greater and probably less ria of loss than similar investments at tho Nortl no difficulty will bo experienced in obtainiu all thc aid wo nee J from that quarter. That we can give assurance that capital s invested will bo both safely aud profitabl employed, does not admit of a doubt. On present banking capital is $500,000, again? $13,000,000 before the war. Our receipts ( produce, though diminished in bulk to thc es tent of one-half, havo not largely docreasod i aggregate value, owing to their increase price. lu fact, it might roadily be shown tbs with increased facilities the valuo of our export would largely exceed in valuo tho highes amount reached before the war. That undc such circumstances, a bank, such as is propos ed, would, under good management, do a prc fitablc and sato business, must bo apparent t all. If, then, wo will commence by aubscribinj liberally ourselves, there can bo uo doubt o success, and it is not improbable that tho c.ipi tal might be increased boyond the amoun namod. lt is scarcely necessary to refer to ths man; advantnges of a banu of large capital over OIK of small capital. Apart from othor considera tions, tho expense of mmagum 'lit would b< but slightly incroascd, nuking tho poreontage of cost niiinitoly less. The writer would, therefore, propose th< following plan: Let a numbai- of our lead ing merolnnts meet together and soled proper persons to bo rccommeuded aa prcji' dent and directora of thc tunk, and lei these gentlemen take the matter in nano" and solicit subscriptions, first in this city; secondly from parties residing in tho interior of the State, and lastly to send ouo or more ol their number to New York to obtain subscrip? tions there. Should this project re?oive the favorable consideration of thc commuuity, measures will be. taken to put it into practical operation. MERCATOR. NATIONAL BOARD OF TU ABE. In this bodv, on Thursday, thc following resolutions, offered by tie Chicago Board of Trade, were tue cauoo of a groat deal of dis? cussion-the delegates from the East gene ally opposing then* passage, while Wcotern representatives strongly advocated tho pas? sage of the same. They wore finally adopted by a vote of forty-nine to twenty-six: Whtreas, The custom prevails in most cities av the seaboard of selling produce, pro? visions and other property nominally for cash, but iu reality upon a credit to tho purciiaser of from five to fitteon days; and whrrcas, tuc Western or interior consignor of tuch property has been in many casca obliged tu suffer loss by the credit so given by his cosign?e to irresponsible partita, ?iud at olhi r limos has been obliged to pay lurg-'ly for guaranteo Dy his consiguec of suoh sales on cedit; thuro fbre, Resolved, That it is thc opinion of thc Na? tional Board ot Tiado that ail Bales of grain, flour, provisions aud other similar properly couMgnc.-l for Kilos on owner's aoooun. to com? mission merchants, should JU fer cash on de livorv. Resolved, That thia body recommend to local (>rguniaitiou3 assneat'd with it (ho adoption of such rogulauons touching tho salo and payment for proporiy an will C .ut'orui to clio spirit of the foregoing re..o:utiuas. Mr. Prczerant, cf Memphis, submitted tho ?o?owiug resolution, wh.ch waa referred : Rjsokid, Tnat it ia of mauil'ost interest, bolu to tho government and the peop,e. th it tho construction of raiimaia flhjuld bo en? couraged by tho former; ana ibis can bo done by permitting railroad ii au to bo importe.! duty tree. Mr. Withcrel!, of Philadelphia, offoiid tho following, which vi:\ ? tab ed : Rtsolocd, Tua! thia b :;rd memo*al zo Con? gress to so m-dil the Mado.ial Banking act &3 to icquiro National Ba ks to malo a Btati - meut of condition, not upon any fixod or Yan able date, bat at periods leas than foui times a year, to be determined from timo to time by the comptroller, and always antecedent to the dato of notification of the required return. Resolutions were offered and referred in favor of measures for securing such international legislation as will secure private property of belligerents on the ocean the same freedom from seizure which is granted to that of neu? trals; and recommending Congress to buy and assume control over the telegriph linos of the the country. On Friday, the Committee on Telegraphing reported tho following: Resolved, That the National Board of Trade rocommond the adoption by tho general gov? ernment of measures to cheapen and extend telegraphic communication between the differ? ent points of the country by making it a part of the postal system. Thc resolution was postponed to come up after tho shipping question. The remainde r of thc session was occupied with a discussion on tho questions of banking, currency and the resumption of specio payments. AN EXAMPLE.-We know of a young man, a native of Mississippi, who wa9 "born to afflu? ence, as his greatgrandfather, a Virginia gen? tleman, bad been before him. He was about seventeen years old vhen the war ended; up to which time he had lived in a luxurious home, his father before the war haviug a yoarly in? come of not less than thirty thousand dollars in gold, all of which he spent on bis borne and inmates. His children never had a wish for anything that money could buy that it was not anticipated. Tho war left the father with nothing but his land; for both armies had passed near his plantation, and his stock and household farm turo had disappeared-passed, what was left, under th? auctioneer's hammer for Confederate money. And even tho land was not bis, for old security debts claimed and obtained a mortgage on thal. Wnat did our young hero, for be is worthy of the name, under such circumstances? He took his hands out of his pockets and put them to the plough. By his individual labor he planted and cultivated five acres of cotton and fiftocn of corn, besides an acre or two in popcorn and peanuts. Work waa hard fur him at first-very hard. As be told tho writer: "I thought I never would learn to hoe. My hands would pain me so that I would almost weep, but before ibo summer was out I could hoe a row with the best hand in Mississippi." ide had good land, bringing a full bale of cot? ton, or thirty to thirty-five oushels of corn to tho acre, and his year's work has netted him from $800 to $1000. Ho is now going to school in Virginia on the proceeds. Were the example of that young man followed generally by our Southern youth, how rapidly this country would recuperate and enjoy a-ma? terial prosperity unknown to it in tho past. [Mobile Tribune. Special notices. OS- NOTICE.-CONSIGNEES PER NORTH Gerraau Bark "GAU?t?," from Bremen, are hereby notified that ibo has been entered under thc Five Day A,, ?nd will ???charge Cargo at Atlantic wharf. All goods not permitted at the expiration of that tune will be sont to public atores. GEORGE A. HO PLEY k CO. December 8 _3 t(S- CONSIGNEES PER STEAMSHIP MANHATTAN, from Ne.v York, aro notified that she is die .-barging cargo at Adger's Wharf. Goods remaining on thc wuarf at sunset will bc stored at thc expense and risk of owners. JAMES ADGER & CO., Agents. December 8 1 ?S"CONSIGNEES' NOTICE-MERCHANTS' LINE.-Ihc schooner N. W. A ITH is now dis? charging cargo at Adger's North Whirf. Goods not callod for bc oro sunset w... be stored at rink and ex? pense consignees. WILLIAM ROACH. December 8 1 U/S" NOTICE S HEREBY GIVEN THAT at thu meeting ?I lie Legislature an application will be made for a Charter for the "DEUTSCHER AR. TILLE RIE," ?uterstutzungs-Verein. Doccmoer 1 tuM ?3-BT7Y YOUR TEA AND COFFEE FROM Etil ETE k CHAPMAN, corner King and Radcliffe street?, and get a better article for the same money than at any other establishment in tho city. November 14 Cmos OS- BATCHELORS HAIR DYE.-THId splendid Hair Dye is tho beet In the world; the only true sud perfect Dye; harmlese, reliable, nstantanoons; no disappointment; no ridiculous tints; remedies tho iU effects or bad dyes; invigo? rates and leavre thc hair soft and beautiful black or brown. Sold by all Druggists and Perfumers; and properly applied at BatcLelor's Wig Factory, No Bond-street, Now York. lyr January ?J $W ELEC rBO-CHEMlCAL BAlHb ARE now ready at No. 70 HASLL-SIREt?T, a*, the ofllco cf Dr. HcRVEY U. ULECKLEY, for tho cure of all inveterate chronic affeoiions, vliich have resisted the treatment of all medication. eici.ticm.e_. ?Ul be accaia-aod tied duriug office hours, from 7 to 10 A. M., from 3 to 1, and 7 to 10 P. M. Ladies at uuy other boa:-, whoa they will Hud au experienced Lady to ai tend them. Ur. e.XECKLI.Y will bo glad to see any or his pro? fessional brethren (who are favorable to medical pro? gression!, aud will tako pleasure in exhibiting the Operation of thu baths. Certificates ol remarkable cures eonld bc furnish? ed, but it ls not requisite. November ll Imo ?5* WHEN THE PLANTATION RUTERS wero first made known to the Auicrioan people som? seven years ago, it was s.ipp< Bed tba; they were an entirely new thing aud hal never otIoro oeen ujcd. So far af their general usc lu tho ru::, d Sutes is concerned, this may bc true. It is also true that the ?ame t Itters were made and sold in the Island of St Thomas, over forty years ago, as any old planter, merchant or sea captain doing business with the West Indies will tell you. It is distinctly within my recollection that on tho return of roy fath r(who was a sea captain, and doing an extoasivo trade io the tropics,) he would invariably hive theso Ritters among the ship's stores, and our family sideboard was never Without th>>m. Fer any sickness, it mat? ters not how severe or trifling, the decanter of these Bitters, by a different name, was always rosortea lo ar a sovereign remedy. MAGNOLIA WAT-UI.-Superior to tbs best imported German ?vorn?, and sold at haU* the priae. December 8 tnibe3 OS" REVOLT IN TUE INTER?OR.-WHEN the stomach is rebellious, tho livor coutumacoous, tbc bowels uisord red, thc br.iia contused, and the nerves in a tumult, nil l i tuo aid of HD-iTE CTE F.'8 SIOMA'H BITIi R>, 1? yon woa d rea.ore quiet, r< gu arity and harmony lo tho aetioo of th?s.- impor? tant org ne. A i.: :,; proportion ol tho cjinpl&ints io whicb the human f .nilly arc subjeot o igiuate iu in? digo-taon. For thia dist csa iff malady, and par nt of innmncrab o atimo tl* as distressing as ii-cif, thc Bitters ure ibo o.ily a-tiolo proved by experience to bc a universal a id niitui'.ieg tem dy. Put olLhoagh it wa_ : s a romady fo . dyspops.*. and biliousness that they brat obuiiie l pr ii <jc twc:.ty years ago, it la now wo 1 undera.0"d, both by tho public ;.nd tho medical i r-fessicn .hat thar ouratiro properties take a far wider raa.o. in n/rvons complaints, Fpa.?medic auctions, f vcr and ajno, and every vati cty of genera and )o<:al debility, their effect i- most sa'uLrv ; and xi a incaa-i of preparing ti.e system to resist lijiii;!, oo'.d, poisonous clements in the waler or tho air, privatiou, expo, u-e, .Vc, no medicinal asi-m at. i repent koo ?ra cum b . justly compared with this poAor.ul yet ... im IM ionic. Thc Ueb'o and FOas Uve, - ho c;u I'l wi lis and tho inc'f m?ncy el ike ?nuter searOti, wi l fi d its RU TS oxoetly ;he a-uclo ihcy need te for ti ty and siistuin them. December 1 O ? Sljippintj. FOR LIVERPOOL)-FIRST VESSEL. 150 BALES TO COMPLETE CARGO. THE SHIP N. MOSHEB WANTS THE above quantity of Cotton, and will rail in a few days. For i'reight engagement*, applv to Pei-ember 8_STREET BBOTH Kit's fc co. FOR LIVERPOOL. THE NEW AND STRICTLY Al AMER? ICAN Clipper Bark LIZZIE H., H. H. M. ^ S PRING Commander, will be dispatched ?for the above port. This vessel injures FIRST CLASS. For freight engagements, apply to STREET BKOTBEBS k CO., December 8 No. 74 East Bay. FOR LIVERPOOL. CHARLESTONANDLIYERPOOL STEAM? SHIP LINE. THE FIRST-CLASS IRON SCREW STEAMER CAMILLA ia expected to arrive on 0th instant, and being of tmall capacity will meet with quick dispatch. For Freighf engagements, apply to ROBERT MURE k CO. The CAMILLA will be followed by the COBDEN, ROXANA and MARMORA._December 8 PAST FREIGHT LINE, EVERT FIFTH DAY, TO AND FBOM BALTIMORE, PHILA? DELPHIA, WASHINGTON' CITY, WILMINGTON, DEL., CINCINNATI, OBIO, 8T. LOUT?. MO., AND OTHER NORTH WES 1ERN CITIE8. THE FAVORITE AND SWIFT S rew 8teamshij' FALCON, JESSE D. HORSEY, Commander, will sail for Baltimore on Friday, tho 11th December, at Four o'clock P.M., from Pier No. 1, Union Wharves, making close connections, and de? livering freight to all points in connection promptly and at low rata. Through Bills Lading given on Cotton to Boston. Insurance on Cotton, Rice, Domes: iel and General Merchandise, by tuc steamships of this Hue, fi per cent, to or from Baltim re or Philadelphia. The steamship CARROLL will lollow on regular day. ForF.eight orpassaie, apply to COURTENAY k TRENHOLM. December 8 i Union Wharves. NE IV YORK. AND CHARLESTON STEAMSHIP LINE. FOR NEW TORE. THE SPLENDID 8LDH WB?2L STEAMSHIP CHARLESTON", BEB? ET Commander, will lea>e Adder's Wharf on Tuesday, the 8th remem? ber, at 1 wo o'clock P. M. ?3-1 trough Bills of Lading given to Boston und Providence, K. I., 8&- insurance can bc obtained cn these steamers at fi per cent. For Freight or Passage, having splendid Cabin accommoda ions apply to JAMES ADGEB k CU., Corner Adger's Wharf and East Pay (Up ^ta'r*). The steamer MANHATTAN will follow on Satur day, tho 12th December, at - o'clock.* December 8 1 FOR NEW YORK. TO SAIL WITH DISPATCH. -f-.-? THE n.1 STEAMSHIP KKY fz*to*J WEST, RUDOLF Commander, will sail for the above port with dis Es*r??J??&m patch. For Freight or Passage, apply to J. A. ENSLOW it CO., December I No. 141 East Bay. FOR NEW YORK. REG ULAR LINE EVERY TSURSDA F" PASSAGE Hunt CED TO $15. &/r~r-!gm THE STEAMSHIP SARAGOSSA? x ?&tt-i'?'Captain <'ROWELL will leavv Virdor ??f/flvgl^jwrf?^bom's Wliarf. on Thursday, Da Jfe 8MBMh?oember IO. at Three o'clock P. M. December 7_RAVl-NEJ. k CO.. Agents. STEAM TO LIVERPOOL. CALLING AT QUEENSTOWN, yvf-evx* TUE lNMA.s LIN/:, SAILING //?t?m&L SEMI-WEEKLY, can-?inp tba TJ. ^^?JlJ?J?la S. Mails, consisting of ts* ll'jwiaa CITY Ol' PARIS, CITY OF BALTIMORE, CITY OF WASHING10N, CITY Ol'1 BOSTON Sailing every Saturday and e\cry alternate if,- Jay at 1 P.M., from Pier No. 45 North River, New Yort BATES OF PASSAGE. DY THE MAIL BTEAMEi.S SAILING EVERY B.lTUBrAY, Payable in Gold. | Payablo in Currency. lat Cabin.$100 j bteerage.$ D 1st Cabin to London. .105 steerage to Tendon... 3 1st Cabin to Paris_116 | Steerage to-Paris.4 Passage by the Monday ste 'mers-First Cabin $l-Z gold; (steerage 580; payable in U. S. currency. Rates ofnussage from New York to Halifax; Cabin. $20, Steerage, $10; payable In gold. Pas: enger? also forwarded to Havre, Hamburg, Cn-mcu, ftc, it moderate rate.'. Steerage pas-ace from Liverpool and Queenstown, :40 currency. Tickets can be bought here by per. HODS sending for tbeir friends. For further information apply at the Company' offices. JOHN G. DALE, Agent, No. 15 Broadway, New York. June 4 fimo PACIFIC MAIL. STEAMSHIP COMPY'B THROUGH LIN J TO CALLFORNLA, CHLNA A2?D JAPAN. FREIGHT AND PASSAGE AT GREATLY RE DU CED RATES I -?vC^- STEAMERS OE 'ina ABOVfi y^s^'T^rt. lmo ,eave P?cr Iio- *2? North Elver, 42MMB?IH ,00t of Canol-street. Now York, a -T^g=ffi^_. in o'clo-ik noon, ol'thc let. Otb, 16th und 24th ol every month icxcept whoa these dates fall on Sunday, then tho Saturday procediug). Depanure of lot and 24tb connect at Panama wife steamers for south Paei?c and Central American poets. I hose ol 1st touch at Manzanillo. Departure of stu ot each month connects with thc new siesta liuo from Panama to Australia and New Zealand. steamship GREAT REPUBLIC leaves San Fran? cisco t rOAtiarad Japan January 4. 1830. >o California Dreamers K-UCU at Havana, but go direct from Ne* York to Aspinwall Ono hundred pouuds barago free lo each adult. Medicino aud a: tendance tree. For Passage i ickeu or turihex information apply at Ibo COMPANY'S TTcKE 1 OFFICE, on the 7rbert. foo: o: Caual-atreet, No: th River New Y irk. Morell 14 lyr I. K. HABT, Asent, TR AV K Lb H. RS l*?SSIV? I ll HOI (if! CHABLEsTON EN UO?IE Td FLORIDA, AIKEN i-r-_ ^ Aud otuer places, should not fal vJ&??'r'f'^L *o 'ay iu l,lt:,r supplies or PBOVIS C?Wm?J?mn I?Ns-, CL-REIS. CHAMPAGNES Jr^Sap, CORDIALS, Blt A A'DIES, WHIR KIES, WINKS. CANNJiD MEATS, SOUPS, kc. Pates ol Wild Gamo und Devilled Hum for Sand? wiches and Luncheon?, asreeud for a catalogue. IV M. S. CORWIN k CO., No. 275 Kmg-atreot, Between Wcutnortn and Beaafain, Charleston, S. 0. Bunch of No. 900 Broadway, corner 20th street, New York._Ootobar38 FOR BK CV SW I CK, G\. f ??T^J* TUE h ' BAUER "DICTATOR," ^^32?53? Captain CHASLES WILLEY, will touch at tins point ever Wetnwiay, leaving savannah at Nine A. M., an ) on ber return trip will touch there on Saturday Afternoon, arriving DICK at Savannah on Sunday Morning. J. D. AIKEN k CO., November 24 Agents. FOR I'AliATKA.KLOKlUA, VIA SAVANNAH, FrBNArU'iNA AND JACKSON \TLI E. - - g-rr-*?? THE KI IC? T-CASS STEAMER '^TklamjmZ nTP r A 'n " Captain CHAS. WILLEY, <tni fail from Ohar.eaton aver: luesaay Evening, at Elgnl o'cii ck, tor 'lie ab ive points. 'The first-class Stcomer CITY Pi 11 '-"I, Captara WM. T MCNELTY, will i ail from rh rieato'i every Friday Evening, *\ Ei?ht it'iaock, lor anove nouns. i onifcting w.tb th" C nt al ?ailr.ia., at savannah for Mobile and Ne Orlean-, and wih IUB Monda Uatlroad at l'ernandiu i for Ceilar Re.a at which piint sieamers couuect with New Orleans, Mobile, Pcnsaco a. Key Weat and II vana. lbroui/h Hil s La liu. givou for FreLiht to Mobile, Fcnaaco a and New urleaus. Both steamers will connect with the MOcl.:wafc?" kte imer.i a> lMlatka. AL ir-iu1 '. >i vaule un the wharf Gooda not removed at ?uucai will bs c.zx/i at risk and expi nae Oi OW: el's. >or Freight or Fanage engsgemoi k apr.ly to J. I) ?TK.EN li : > ?_ . . rms, .(.mb ?rb:i.? vh:irf. fi. P.-No extra ch..ive for Meals and . laicrooms. Novembc 21_ )ONE TRW A WLE,v., CHARLESTON AS 21 S A V V '- ra A FT ST2SASI PA EE! LIN'*, VTA BEAUSORT.Hil ION Ul AD ?. ? ~ ""O^ bTUAMKIt PILOT LOY.c?pi, uj. ?. VAH?F. BiKtBlbR Fr.H.- IE. . . :? : P~CE : --=._ t?Nr OF I HE ATC .' ? . -.Mi-Lr art.C;.??i"?w .11 .' ? '-?. .". ' v JA) ii ' .<;. i '. ? 'dook, au? i Li? x.-t :?c.v-.ay Morning, at 7 o' lech lor freuhi cr ?xtcaet, a; i ... -o