Historical Newspapers of South Carolina

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* r VOLUME VII.-NUMBER 1157. SIX DOLLARS A YEAR FROM THE NATIONAL CAPITAL. Thc Chance* of Andrew Johnson Prov? ing Worse-Collector Clark and (lie Ex-Rebels-More Executive Tyranny. [SPECIAL TELEGRAM TO THE NBWS.] WASHINGTON, October 4. A telegram from Nashville, received to-day, says that ex-President Johnson is losing ground as a candidate for the United States Senate. A document is circulating for the sig? natures of Conservative members pledged to vote against him. The Hon. John Covode telegraphed that Secretary Boutwell must go to Pennsylvania and speak, or the campaign would fail. The Secretary left the city at once and speaks in Philadelphia to-night. Collector Clark, of the Charleston Custom? house, complains that many of the appointees put in office at the request of the South Caro? lina delegation are ex-rebels. Collector Clark, therefore, wants to have them re? moved. By order of the President all office-holders in Tennessee who supported Senter, the Con? servative candidate for Governor, are tobe removed at once. [ASSOCIATED PRESS DISPATCHES.] WASHINGTON, October 4. The Supreme Court assembled this morning. A quorum not being present, the court ad? journed till to-morrow. The order of business will be the argument of cases pending at ?Jose of former term; next, those for which no days were assigned; then, regular docket. The revenue from the Southern States is nearly fifty per cent greater than it was last year. Secretary Boutwell speaks at Philadelphia to-night Amos Kerdill is gradually sinking; his mind is perfectly clear. virginia paid f1,840,000 tax on manufactured tobacco between March and September. THE CUBAN PRIVATEER. Arrival of the Hornet at Wilmington Departure of a Boarding Party. WILMINGTON, N. C., October 4. The Privateer Cuba, alias the Hornet, ar? rived off Smith ville on Saturday evening, flying the Cuban colors. It has been definitely ascer? tained that she has 200 men and 30 officers aboard, the majority of the latter being Con? federates. The armament consists of eight heavy guns. Yesterday she anchored inside the tsar and sent the engineer and purser to the city to secure a supply of coal, which being obtained she would at onoe sail for New York. Suspicion was soon aroused, and the officers, after engaging a supply of coal, returned to the vessel without quaking arrangement1; to get the coal aboard. They left the city in a small row boat at twelve o'clock last night for Smithville, thirty-five miles below WUmington. The col? lector of customs chartered the steam tug Alpha at eleven o'clock this morning, and having placed in the hants of the deputy United States marshal a war-ant issued by the United States commissioner, sent him aboard with a part of the customs force, and orders to detain the privateer until further orders. Colonel Frank, comiu&ndlng the United States troops at Smithville, ls expected to co-operate with the deputy marshal if necessary. The oUcro who visited the city are bold and confident insisting that there is no pro? cess of law by which a privateer can be legally detained. The event has created much ex? citement and comment. Seizure of the Privateer-The Condition of the Ship-Names of the Officers. WILMINGTON, N. C., October 4-10 P. M. To-day the Cuba was seized by the United States Marshal while she was laying off Smith? ville, and was brought within a half mlle of the city, where she ls now anchored. A num? ber of her officers are in the city, and assert that there is no pretext under which she Mn be detained any longer than is necessary'to holden investigation. The Cuba ls a formi? dable and very swift vessel. She ls short of coal and provisions, and her machinery is damaged. The follow lng is a list of her officers: Commodore, Edward Higgins; commander, Thomas L. Dorwln ; lieutenant-commander, David A. Telfair; navigating officer, Lieuten? ant C. W. Read; Dr. Fred. J. McNulty, sur? geon; Ensign Valcente, paymaster; Prentiss Ingraham, captain of marines and private sec? retary to the commodore; Dr. E. W. DuBose, assistant surgeon; D. D. Munro, first lieu? tenant of marines; Nicholas Ealing, master; R. Somers, ensign; Henry S. Cooke, A. M. Mason, R. H. Gibson, Wm. D. Phillips and Antonio Munez, midshipmen; Louis French, chief engineer; Robert Graham, John Lynch and Wm. H. Robinson, first assistant engi? neers; James Dennison, Stephen Kearney, Joaquin Agular and Edward Tarrellas, second assistant engineers; John Mullay, paymaster's clerk; W. J. Flaherty, masters mate. EUROPE. A General Disarmament Expected. VIENNA, October 4. The Presse publishes Paris advices that Na? poleon hopes. to announce,- at the meeting of the Senate and Corps L?gislatif, general and simultaneous disarmaments by European powers. The Troubles in Spain-Thc Wires Cut and the Trains Stopped-Alarm of the P?4ple-A Cr?ala Imminent. M A D HID, October 4. Insurrectionary movements are maintained at different points. Republican volunteer forces have been collected In the cities of Mad? rid, Barcelona and elsewhere, for the purpose of rescuing prisoners. The telegraph wires have been cut and a train carrying govern? ment dispatches stopped. Much alarm ls felt at Bejar, where the popu? lace are much excited and unruly. The Republican deputies to Cortes have or? ganized counter-revolutionary Democratic bands are in Heresea and Martasdo. The bands have been defeated at Martasdo. Serious events may occur at any moment, but Madrid for the moment remains quiet. Arrest of aa Escaped Fenian. LONDON, October 4. A person in King's Hospital ha* been identi? fied as either Kelly or Deary, the Fenians res? cued at Manchester some months jgo. Thc police are guarding thc prison where he Is confined to prevent another rescue. BIOTIN PHILADELPHIA. PHILADELPHIA, October 4. The Shiffler Hose Company was attacked to? day. The police are said to havejed the at? tack* -Several pemwiwr* hart. THE WINDS AND WAVES. Terrible Galee and Floods - Bridges Washed Away-Thc Waters Still Ris? ing. BALTIMORE, October 4. The loss by the flood last night is nearly a quarter of a million ol' dollars. FORTRESS MONROE, October 4. A heavy northeaster prevailed last night. WASHINGTON, October 4. The northern train, due at daylight, did not reach here till nine o'clock. PHILADELPHIA, October 4. The Schuylkill riven has risen ten feet. Much property has been destroyed. NEW YORK, October 4. There was a belfry gale with torrents of rain at daylight this morning. The tide is very high. DOVER PLAINS, N. Y., October 4. The Harlem Railroad track, above Millerton, ls all washed away. The bridges at Copake and Ghent are gone. At Port Jarvis the storm ?was very severe. The river is twenty feet higher than on Friday. The wires are inter? rupted, and there are no reports from beyond Deposit. WASHINGTON, October 4. The Northern train due at 5 P. M., will not arrive until midnight. PHILADELPHIA, October 4. Gray's Ferry Bridge, on the Baltimore and Philadelphia Railroad, is washed away, and the waters are still rising. ANOTHER PRIVATEER. Successful Run of the Alabama-Pro? gresa of the Expedition. SAVANNAH, October 4. The Morning News has reports from Florida of the arrival of the steamship Alabama at Fer? nandina on Friday night, from New York, with four hundred men, including sixty officers, for the Cuban expedition now rendezvousing on the Gulf coast. The men were immediately put aboard the cars and sent to Cedar Keys, where steamers await them. Two hundred men arrived at Baldwin, Fla., from Savannah, on Saturday night. They are supposed to be a portion of the command now organizing in Middle Georgia. THE NEW ORLEANS CANAL. NEW ORLEANS, October 3. The work of excavating for the New Orleans and Ship Island Canal was commenced yes? terday, about a mile above Carrollton. Mr. Bratt, the president, dug the first dirt, and de? livered a brief address. Speeches were made by Governor Warmouth, Lieutenant-Governor Dunn, and others. A contract has been made with a dredging company to excavate the janal from the Mississippi River to Chef Men tour. THE OTHER WORLDS. Scientific Results of Observations of the Itete Eclipse-Conflagration in the Sun-Billows of Flame 75,000 Miles High, Sic. A lecture was delivered last week in Brook? lyn, N. Y., by Professor Eaton, in which a very interesting account was given of the sci? entific observations of the recent eclipse, made by a number of astronomers at Burlington, Iowa. After describing the arrival of the party ol' observers, with their appurtenances, boxes, instruments, Ac. at the chosen spot, and the processes of adjusting the lour great instruments employed, preparatory to the event, the 'rcturer continued : The locution chosen was a height of 173 feet above the Mississippi River; the skies were clear almost to the horizon. All that was wanted to complete preliminaries was the use of a star for thirty minutes, to aid in the ad? justment of the telescopes. Throughout the day preceding the eclipse, the object was to Set every telescope focused on the sun. In ue time the bride, thc Queen of Night, moved to her appointed place and arrayed herself in gorgeous attire. All eyes were strained to the utmost, and in three minutes the eclipse of j 1869 was gone forever. No painter could portray, no pen describe tho grandness of that scene. The largest tel? escope was from the Philadelphia High School, to take photographs. Next in importance was that wonderful modern instrument, the spec? troscope. The former was moved by a clock, the latter by a screw. A flash of light was enough for a picture. Now as to the objects to be seen. The observers were especially to search for the new inter-Mercurial planet. Leverrier suspected its existence, and searches had been continued since 1859. Another ob? ject was to scrutinize the corona, or bridal veil. Another, to examine the wonderful pro? tuberances, or rosy flames, which shoot out from the sun in all directions. The observa? tions made were very accurate and successful. After alluding to the use of tho spectroscope, in analyzing light from various sources, Pro? fessor E. spoke of the processes of obtaining sun pictures, the calculation being to take one every second. The spring which declared the picture complete simultaneously closed an elec? tric current, thereby recording the Instant of | time. To show the exceeding accuracy re- | quired, the speaker observed that every ob? server has his "personal equation," which means the time consumed in comprehending a fact, in other words the interval of tiine,that passes between seeing an object, and when the observer makes up bis mind that he secs IL The corona was seen to consist of a thin sheet of flame-pure white light, reaching out about the diameter of the sun; ou the top, brilliant rays darting out into space. The suddenness with which lt appeared ls astonishing. It burst like a blaze of glory behind the moon. Rose colored flames appeared next, like a prairie on fire. One protuberance resembled the antlers of an elk; another, and the grandest in meas? urement, proved to be no less than 75,000 miles In height-a mountain of flame, Its base 150,?00 miles long. Attention was rlvetted by the sight. Another was like a huge caterpillar creeping along the edge of tho sun's disc, sup? posed to be a mighty sheet of fire. What are these protuberances? The spec? troscope shows that one ray indicates hydro? gen gas, another Iron, Ac. These facts go to show that the corona Is not what lt was sus {>ected to be-reflected light. On the contrary t ls certainly Incandescent gas, all aglow with Ita own light. Our telescopes, until within two years, led us all astray. The so-called nebula; of the heavens, instead of being distant groups of worlds, were incandescent gas. as shown by the spectroscope. A star once brilliant, but afterwards extinguished, disclosed not only a heated ball, but burning gas. We can now see what the sun's veli ls made of. We can ana? lyze the sun. We have sixteen different lights, representing as many metals, most of w hich would be Identified. He was happy to say that not the alighest trace of gold had been discov? ered. [Sensation.] The physical phenomenon of the eclipse formed the next topic. The thermometer fell during its continuance with extraordinary rap? idity. Had it continued to fall twenty-four hours at the same rate-had there been an? other Joshua to have lengthened the period the earth would have frozen two feet deep. Animals in the pasture prepared for sleep, and fowls went to roost, but soon came down look? ing very much ashamed; they had been sold. One of the most surprising things was a shower of meteors which various observers mistook for a flight of thistle-down. The effect on the mind, of all the phenomena attending the eclipse, would never be effaced. It seemed as though some terrible and awful danger was impendlug. He was impressed and bewildered, intoxicated by the excitement of all surrounding circumstances. In the year 1901 there would bc another total eclipse. Some of those present would be still living. The speaker begged all such to go and see il. He had travelled through Europe; but excepting the crater of Vesuvius, he had rather lose all than that grand sight of three minutes on Burlington Height". THE y A TIO y A Ii CAPITAL. Thc History of the Coban Embrogllo Sickles' Note Inspired by Secretary Fish-The New Tax on Cotton-Grant's Model Newspaper-T h e Administra? tion and Virginia-Thc Prospect in Pennsylvania and Ohio. [FROM OCR OWN CORRESPONDENT.] WASHINGTON, October 3. t The telegraphic dispatches from Washing? ton have thrown a good deal of fog over the Cuban situation. Sifted from the mass of falsehoods and details, the facts are very simple and to this effect: The last week in June, Senor Lemus, the representative of the Cuban Republic, called on the President and several members of the Cabinet and suggested that the United States Government offer Its services of mediation to Spain on a basis ol settlement that Spain cede to the Cuban revo? lutionists, or their organized government, the island of Cuba for thirty millions of dollars in coin, this government to support it? offer of mediation by representing that the revolution seemed formidable, that a protracted war would be a greater loss to Spain than the sale of the island, that public sentiment in this country might compel the United States to re? cognize the independence of the island, Ac. This was taken into consideration and dis? cussed in Cabinet, and an offer drawn up somewhat on the above plan. On July 2d Secretary Fish went over to New York with the official documents, where he met and con? ferred with Minister Sickles, whom he hastervd to Europe a week sooner than he intended. The week after Sickles arrived in Madrid he submitted thc proposed mediation to Regent Serrano. The proposition was received rather favorably, but held for action. In the meantime thc Washington newsmon? gers got wind of the matter and published enough to put the Spanish Minister here-than whom a keener official does not exist-on the lookout. He obtained sufficient facts to show that the mediation was not a spontaneous of? fer of the United States Government, but was merely the reflection of a suggestion made by the representative herc of the Cuban Junta. This was enough. The Madrid officials hesi? tated at once, and, doubtless, thought that thc scheme carno from tho Cuban rebels who ?puld not hold out any longer and had resort? ed to this plan to get Cuba by purchase at the last moment-thc United States to act as sort of an endorser of the proposed bargain. About the middle of August the plan of media? tion was returned to Minister Sickles, with an amendment in the nature of a substitute, as they say in Congress, wliich proposed to suspend hostilities, Ac, and allow the people ofCubatovote on the question of indepen? dence, which Secretary Fish at once declined to accept. The original offer was returned in a modified form, and its consideration again asked. It ls at this point that Minister Sic? kles, following the language of a ..able tele-, gram from the Secretary of State, called the attention of the Spanish officials to thc in? creasing public sentiment in the United States in favor of Cuban independence, and that the administration could not withstand lt always, that ll had , faithfully executed its neutrality laws, and would adhere to them until forced to take another step by the dictation of a hillier national duty, kc Quite likely that Sickles' Ignorance of diplo? macy permitted him to use the full force of this expression to Regent Serrano; but if he did do so, or its equivalent, he obeyed in? structions, and the fault is really with the Secretary of State. Spain declined the media? tion on this rate, and there the matter rests. Secretary Fish, a week ago Friday, telegraph? ed Sickles a reiteration of thc motives that Impelled ibis government to offer a mediation, and instructed him what to do in certain con? tingencies, and renewing the intimidation, so to speak, about the Influence of public sentiment here on the recognition ot Cuban independence. Sickles is a bungler at diplo? macy as well as at everything else; but at the same time he got the idea of his offensive note from the State Department here. Let Congress call for all of tho correspondence in December, and these facts will appear. There is, however, nothing likely to be renewed in the way of mediation. Spain will listen to no plan of settlement that does not first re? quire the Cubans to lay down their arms, and thc administration of President Grant has not the slightest Intention of recognizing the belligerency of thc Cubans. Thc Spanish Min? ister, on the other hand, says that in two months there will be no Cuban rebellion for anybody to recognize. There is a class of so-called political econo? mists about the Treasury Department who are constantly struggling for notoriety. If they cannot devise something new they revive something old, and in this way the recent story of again taxing cotton got afloat. The Com? missioner of Internal Revenue, unless he changes his mind before Congress meets, will recommend that a tax of one or two cents per pound be put on new cotton ; but Secretary Boutwell and Special Commissioner Wells are both averse to any such tax, and their position will have the greatest weight. Congress tried it, and almost unanimously suspended and then repealed the old tax. It ls a reversal of the great law of taxation-that of transferring the tax from the manufactured article to the product of the earth. It would be just as ab? surd to tax the tobacco leaf after it is plucked as to tax cotton in the bale. If the treasury must bleed the South for more revenue, let it be patient and it will come through legitimate channels, to be created by the use of capital obtained from the sale of an untaxed cotton crop, and in a way, too, that the burden will not be so severely felt. Journalism always multiplies in Washington. As BOOU as one paper dies two new ones start^ up. The Express suspended two weeks ago. after losing for its various owners about filly thousand dollars, but the Morning News at once appeared as a new journal, and thc old Intelligencer was issued from the material of the defunct Express. The Intelligencer is edited by L. Q. Washington, one of its former editors, but otherwise none of its present at? taches had auything to do with the old issue. Tlie new proprietors, in their issue of yester? day, seem anxious to have this known, and they plainly intimate that "the scent of thc roses" hanging around the old Arm of Snow, Coyle A Co. injures them not a little. The Chronicle and Republican arc keeping up a bitter rivalry for circulation and business, as well as for organship of the administration. Grant rather leaas to the Republican, and says he likes it best because it never has any edito? rials. He sent for its publisher thc other day to contradict thc New York Mail's story that the President, at the request of Jay Cooke A Co., ordered Boutwell to sell gold. The administration nae become quite conser? vative on the Virginia question. Grant, Fish, Sherman, Robeson and Hoar are willing that the Legislature, which meets next week, shall elect Unite? States senators. In bis annua1. message, the President will endorse the situa? tion there and recommend to Congress to promptly admit the State-at least, he said he would do so, to Senator Wilson, a few days ago. Grant really wants Major Williams in the Ad? jutant-General's office, and his brother-in-law, Alexander Sharp, (United States Marshal of this district,) to be the United States senators; but Governor Walker, Edgar Snowden, Sr., and other candidates will be more prominent when the time comes. , The news from Pennsylvania is excellent. All of the Radical speakers come to Washing? ton glum and blue enough. Delano came home yesterday and went back to-day to the canvass. John Covode says "Grant's refusal to make a visit to Eastern Pennsylvania will lose the Republicans hundreds of votes." In Ohio the prospect in fair. The Democrats say that the bondholders in New Yqrk are sending plenty of money into the State.to defeat Pen? dleton for Governor and what they call his greenback policy. Congressman'Bowen, or "Hon. C. C. Bow? en?," of South Carolina, a? he registered hlm .self at Willard's this morning, is loafing around Washington, dodging in and out of the trea? sury, hobnobbing with claim agonts and lobbyists. The Supreme Court meets Monday for the first time under the new order of things. The session will last till spring and adjourn for the hot months. I find no case on the docket as reported to test the constitutionality of the old cotton tax. ZETA. THE WAR IX WALL STREET. How lt Began and how lt waa Waged The Schemes and Counter-Schemes of thc Great Ball and Bear Cliques Un? masked. The New York World says: "How the great bull clique, who got possession of from ten to fifteen millions of gold last summer, entangled the great bear clique into the enormous 'short' transactions which culminated on Fri? day, and how the great bear clique, In the midst of their dilemma, secured the interfer? ence of the Secretary of the United States Treasury, so that the inflated price of the gold in the bulls' possession came tumbling down about their heads, are problems, thc explana? tion of which, in a concise and homely way, will clear the minds of men all over the country. It required enormous capital to purchase this sum of gold, and a low prevailing price to make the pygebase worth while. Both these conditions existed. The bull clique had an enormous capital to operate with, and the bear clique had so broken down the gole>markct that the bull ring, watching their chances, suc? ceeded in buying ten or twelve millions at 135 and under. Another condition, precedent to the success of the bull purchase, and absolutely essential to the success of the bull scheme after the pur? chase, was thc secrecy of the purchase, and the blinding of everybody to the fact that the twelve mlllTons of gold was being bought into the possession of this clique of bulls. If readers will pay attention, they may per? haps be made to understand how the thing was done. It must first be remembered that the bull clique was formed of several flrms.and members of lirms,accustomed,and known throughout the banking and speculative community to be ac? customed to large transactions in gold and securities. The names of the men In the bull clique are already pretty well known. , Ilia sana* of tl?? men in the bear clique (without th? oxi?tenco of which clique the band of bulls could not have carried on the scheme,) are ventilated on Wall street, but have not got into the Radi? cal newspapers. It is sufficient for the pur noses of this explanation to understand that both cliques consisted of some of the richest baukcrs, brokers and speculators in thc metropolis. The hears having entered the market first, Hie object of the bulls was to "corner"' them, and all other dealers in cold. The first step ot the bulls was, therefore, to get possession and control of the major quantity of gold in the market. As the average total quantities of gold"tn New York-in the sub-treasury, in the banks and subject to the drafts of individuals rarely exceeds twenty millions of dollars, and a? a good deal ofthat amount belongs to thc government, or Is held by parties outside of the field of speculation, any ring which can obtain thc control of say from ten to thirteen millions, is of course enabled to dictate thc price of gold at the Gold Ttoom and on the street. Next, it must be remembered that purchases of gold at the gold board, of government se cuntif s at the National Stock Exchange, and of railway and other shares at the New York Stock Exchange, are very rarely, in fact almost never, made by members of the great banking and speculative firms, or by persons who are publicly known to represent them. It often happens thaLa single house has need on a cer? tain day of a million or two millions of gold or securities. If it should send its known agent into the market lo make that purchase, all holders of the gold or securities demanded would instantly become aware of the firm's ne? cessity, and would Inevitably band together to raise the price. So tho great firm having the million or the two millions to buy, adopte the customary method of sell-defence. It sends out, through its confidential clerks' directions to a half a dozen, or a dozen, different brokers to buy each a hundred thousand, or two hundred and fifty thousand, as the case may be. The brokers, with these orders in their {lockets, proceed to the Gold Room or Stock Exchange, and effect, one by one, the purchases. Every broker (as in honor bound) keeps the secret of who he is buying for. No one broker knows that another broker, who may be standing by his side, holds a commis? sion, similar to lils, from the same principal for whom he is negotiating. No broker pres? ent, employed by other principals to sell the gold or securities asked for, knows to whom ne is selling. Thc brokers arc thus the go betweens of thc great speculators on eltner side; and it Is only by sharply watching the oners and bids that the selling brokers may possibly ascertain or suspect that an unusual demand is being made for gold or the securi? ties in their trust-a suspicion that induces them instantly to raise the price. As this method of procedure ls habitually adopted by single firms in the region of Wall Street, it was equally practicable with the band of firms and members of firms who had secretly formed themselves into thc great bull clique. Day after day and week alter week this rich coalition of bull operators proceeded-by changing their brokers so as to blind even those mole-eyed beings to the colossal Job that was' being put up against the bears and the whole speculating and business commu? nity- to gather in and lock up the vast hoard of gold which they finally accumulated. This was done so quietly, so dexterously, and with so little effect upon the gold market at large, that scarcely a suspicion of the truth was whispered. Meanwhile tills clique of bears kept on at their big game. The gume of the bears was that ol selling gold "short." Let readers again attend while wc attempt to explain, for the comprehension of minds outside of Wall street, what the process ol "selling short'' was in those days. The bear clique-more than equal in wealth to the bull clique, of whose existence they had not the slightest knowledge-engaged in this way: On a certain day gold was, say, finn at 135. The bears, through their brokers, sold, respectively, a hundred thousand, or three hundred thousand dollars, gold, to parties wanting it, agreeing to deliver the gold next day at noon Tor 134-1 per cent, below the price on the dav of sah'. To the Inexperienced mind, this agreement of the bears to deliver such an amount of gold at one per cent, below its current market value must, at first thought, seem inexpressi? bly foolish. But how foolish must it seem when it is considered that, at the time when the bean entered into Hie agreement, no one of them had any gold in his possession? That, be it remembered, was the truth; the bears who i-oid the gold, promising to deliver it to the purchaser on thc morrow, had no gold to sell; and, except that they were rich men, able to own the gold, and competent to get it in some way and deliver it at the appointed time, they would have had no more right to sell the gold than any boot-black, with only his day's earnings in his pocket, in the City Hall Park. Thc sale was made; gold had to be delivered; the sellers (the bears) had no gold. They had, first, to obtain the^old to deliver, and thus make good their bagain and their credit. They had, second, to secure themselves against a loss of the one per cent, difference b .'tween the price of gold on the day of agree? ment and the price they had agreed to deliver it for? Or else they were, inevitably, losers by the transaction. The first thing the bears did, alter selling short In the way described, was to borrow the gold wherewith to make good their deliveries. This borrowing process was effected through their brokers, with brokera representing the parties having the gold to loan. The thing that the beare now hoped and expected was that the gold market, under the influence ot their short sales, would decline, so that they could go and buy next day, or the day follow? ing that, an ?mount of gold equivalent to that they had sold and borrowed for, say rs2? or 133. If they could do this, they could return their borrowed gold to the lenders and retain a profit of one-half or one per cent. To the chagrin of the bear operators, their short sales failed to weaken the gold market. So they had to renew their loans ?lay after day, and trust to the future. Weeks passed : they continued their short sales and continued bor? rowing, and still the market, although vacil? lating and apparently weak, did not once de? scend below the rate which existed when they first began their operations. They were disappointed, but still utterly dazed and blind. They failed, all the while, to find ont the fact that the bull clique of operators, with ten or twelve millions of gold In their possession, were actually loaning them, through one seto brokers, the gold that they borrowed, and buy? ing back again, through another set of brokers, the gold that they sold ! The bears at last became enraged. They formed a pool on Wednesday of last week to sell $12,000,000 of gold short. They sold it short; and without their knowledge the bull clique took nearly every dollar ol lt. They had to borrow the gold, and the bull clique lent them nearly every dollar, receiving lt back again, of course, on the day of delivery, through their brokers, who had bought lt. Stlllthe market, thus entirely In the hands of this tremendous clique of bulls, would not go down lu favor or the bears. On the Con? tran-, the immense short sales of Wednesday disclosed to the bulls more fully than before how completely the beare and all classes of speculators besides outside the bull-ring were In their (the bulls') tolls. They raised theaprlce of gold in the market. This was a terrible move. The dilemma of the beare was now a desperate one. For we must not omit to consider tbat the beare, who had kept on borrowing over and over again the fold necessary to make good their contracts, ad, some time or another, to buy the gold to return Anally to the lendere. Their hope and endeavor had all along been to break the mar? ket down, buy the gold at a reduced rate, and thus make their profit. But. when the market rose against them, imagine the consternation of these men, who had by that time engaged In short sales amounting to millions upon mil? lions ! They made one more venture-another short sale of five millions or more. Again the bulls took if. But when the beare went to borrow the gold to make this last sale good, the beare shopped lending; there was no gold. This was on Friday. Dismayed and frantic, the beare then rushed to thc Gold Room to buy gold, and get out of the whole business. Their necessities were too well known. Up went the price, higher, higher, higher. The tempest threatened to sweep them all Into bankruptcy. Then lt was that Secretary Boutwell, the tardy friend of these beare of the Loyal League, came to the rescue with the promise of four mil? lions wherewith to relieve their needs. Then it was that the fog and smoke descended upon Wall street and Its environs, which still makes that region appear chaotic. THC buns ran np (roi* trro hi?h-therefore. so many failures resulting lYom Ene gold trans? actions. Many of the benighted beare who bid for and agreed to take gold at the extreme rates on Friday, lound themselves unable to take it after all. But the bull clique, notwith? standing their excessive avarice, are presumed to have emerged better off than their victims. The tightness of the money market which resulted from this crash in gold was fol? lowed by the panic in stocks. Meu and firms were compelled to realize money on railway shares, which, when forced heavily upon the market, suffered. The fictitious values of many of them burst at once, and the real value of others fell under suspicion, or were sacri? ficed from necessity. The nominal depreciation of railway shares above ls estimated to be not less than two hun? dred millions. Thc stock panic, far more than the gold panic, affects business men and thc rural bunks throughout the country. In cities .such as Buffalo and Cleveland, and In the cities throughout the West, merchants and banks have lost heavily-even disastrously. The banks here and In Philadelphia are not, it is believed, cramped as yet by the downfall of stocks and the great firms dealing in them. It ls the custom of New York banks to protect themselves by the retention of heavy margin loans on railway shares-margins which have constantly to be kept good, as such shares de? cline. It ls the keeping good these margins which drains the resources of dealers; and whenever a house to which the loan ls grant? ed falls to keep good its margin the batik has the privilege of selling the collaterals forth? with for Its own protection. The price which the securities thus bring, together with the margins already in the bank's possession, will generally make good, or nearly good, the risk which the bank has taken. Still, there ls yet room for doubt as to what may befall. TRAITS OF TUR CHINAMAN. By One Who Knows. Commodore Garrison having been applied to by Hon. F. A. Conkllng, of New York, for his opinion as to thc truth of certain allegations against tlie Chinese-their "utter depravity," "horrible nameless vices,'' Ac, Ac, replies: From an extensive acquaintance with the question of Chinese labbr, and close and care? ful observation of that people in California and elsewhere. I do not hesitate to say that they are, as a class, an honest, faithful, frugal and industrious people. I believe that the asser? tions contained in the article referred to, con? cerning their moral character, are perversions of the truth. They are a simple, docile peo? ple, who migrate from their own country, where an overcrowded population causes la? bor to be so poorly paid, to California, purely lor the purpose of earning greater wages than they possibly can at home. It ls my de? liberate opinion that in so far as character, habits and industry are concerned, the Chi? nese may, mau for man, compare favorably with a large portion of the Immigrants from Europe who are so constantly thronging to our shores; and in some respects, viz: in the matter of patient and uncomplaining industry, frugality and a custom of minding their own business, they arc almost unequalled. A DESPERATE DEFENCE BY A HUXGARIAX BRIGAND.-Paraga. a small town in Hungary, was lately the scene of a desperate tragedy. A famous bandit by the name of Macsvansky had come to the town to see a sweetheart. He was recognized and informed upon. The house in which he was was surrounded and he was summoned to surrender. He took refut t In a butcher shop, in the basement, ana through a hole in the window, fired upon the soldiers in frout. For four hours the fight con? tinued, during which he constantly broke out into fits of fierce laughter. He wounded five Uhlans and the commissary of police. When he had no more wads, he loaded with hundred florin notes, and the peasants gathered up whatever of the fragments were to be found. At last the house was fired. Upon this the brigand burned up a package of bank notes, opened the window and leaped out, revolver in hand. The crowd scattered in all directions; but before Macsvansky had gotten twenty ?aces off he was killed by a discharge ot nius etry from the troop. -An English druggist proposes that, In ad? dition to the word "poison," the labels on the bottle or packages containing poison should have printed ou their mai gins the appropriate antidotes for each class ol poison. irnncrol Notices. MORRIS.-Died, on the evening of the 4th in stant, WILLUM RICHARD, Infant son of w. R. and A. St. J. Morris. The relatives and friends of the family are in? vited to attend the Funeral Services at No. 5 Glebe street, THIS AFTERNOON, at 3 o'clock. 0Ct5 ?S- THE RELATIVES AND FRIENDS of Mr. and Mrs. E. H. Rodgers are respectfully in? vited to attend the Funeral of their infant daugh? ter, HARRIET LAVINIA, from their residence, No. 3 Spring street, THIS AFTERNOON, at half-past 3 o'clock. octa * ?B+ THE RELATIVES AND FRIENDS of Mr. and Mrs. 0. J. CHAFES and family are re? spectfully invited to attend the Funeral of the former, from the South Carolina Railroad Depot, Line street, at half-past io o'clock THIS MORNING. octa t ^THE RELATIVES, FRIENDS AND acquaintances of JOHN FRIEDERICH KLENCKE, and those of his sister and uncles, John H. and C. H. Klencke, are respectfully Invited to attend the funeral services of the former, at the German Lutheran Church, corner of Hasel and Anson Street?, at 9 oclock THIS MORNING. octfi * Special Notices. THE BOY WEA! or, the YOUNG ROVERS, The most exciting Sea Story ever published, ie commenced THIS WEEK, in No. 49 of the NEW YORK WEEKLY, Now READY. The BOY WHALER Was written expressly for the NEW YORK WEEKLY, BY LEON LEWIS, Author of "The Silver Ship," "The Water Wolf," "The Boy Magician," Ac The BOY WHALER, Now ready in No. 49 of the NEW YORK WEEKLY, Contains the most vivid descriptions of strange adventures on land and sea, in most of which the young hero, the BOY WHALER, Takes a prominent part, and by his daring deeds proves himself the personification of Juvenile bravery. Every boy should read the exciting story of the BOY WHALER, Which is Jost commenced in No. 49 of the NEW YORK WEEKLY, And every young woman also should read the BOY WHALER, In the NEW YORK WEEKLY, For the female mind will be enraptured with the lovely heroine, the charming LILT LAWRENCE, who shares the fortunes and trials of the WIT WHAT.F.R, The current issue (No. 40) of the greatest Story and Sketch Paper In the world, the NEW YORK WEEKLY, Should be purchased by parents and read to their children, for the great story of the BOY WHALER Shows that although virtue may for a time be un? able to cope with vlllany, lt will in the end rise triumphant. The NEW YORK WEEKLY Takes pleasure In presenting to the public the great story of the BOY WHALER, For lt ia undoubtedly the masterpiece of its au? thor, and was written expressly for the NEW YORK WEEKLY. BOYS I B0Y8I BOYS I Every boy who delights to read of daring deeds and thrilling adventures will linger In admiration over the story of the BOY WHALER, Now ready In No. 49 of the NEW YORK WEEKLY, And for sale by every News Agent In the country. PRICE SIX CENTS PER COPY. Don't forget to buy No. 49 of the NEW YORK WEEKLY, Which contains the commencement of the BOY WHALER. oct4 mwf3_ . ?Sr BATCHELORS HAIR DYE.-THIS splendid Hair Dye ls the best in the world; the only true and perfect Dye; harmless, reliable, ln stantaeus; n0 disappointment; no ridiculous tints; remedies the Ul effects of bad dyes; In? vigorates and leaves the hair soft and beautiful black or brown. Sold by all Druggists and Per? fumers; and properly applied at Batchelors Wig Factory, No. - Bond street, New York. mayl5 lyr _ pf MANHOOD.-A MEDICAL ESSAY on thc Cause and Cure of Premature Decline in Man, the treatment of Nervous and Physical De? bility, Ac. * "There ls no member of society by whom this book will not be fonnd useful, whether such per? son holds the relation of Parent Preceptor or Clergyman."-Medical Times and Gazette. Sent by mall on receipt of fifi y cents. Address the Author, Dr. E. DEF. CDRTIS, Washington. D. C._septl lyr ??r- WORDS OF CHEER -ON THE Errors of Youth and the Foules of Age, in rela? tion to Marriage and Social Evils, with a helping hand for the errlug and unfortunate. Sent in sealed letter envelopes, free of charge. Address HOWARD ASSOCIATION, Box P., Philadelphia, Pa. sept'26 3mos ?T3r*TILE ROSADAUS LS A POTENT remedy in all Chronic Diseases. The following ls a certificate from G. W. Blount, Esq., Attorney-at Law : This is to certify that I was afflicted with Chronic Inflammation of the ear from about 1858 until this summer, when it assumed such a troublesome form as to give great pain. I was at times par? tially deaf, and the suppuration and almost con? tinual flow of matter kept thc outside of the ear badly Inflamed. I was induced to try Rosadalis, and now I think I am "entirely cured.'' The suppuration has ceased. I can hear as wcU as ever, and there ls not that Itching sensation in the ear which before so much annoyed me. My general health has also been greatly im? proved, and I have been entirely free from any uaual bilious symptoms, Ac, at thia season of the year. I can confidently recommend the Rosa dalLs as an " Extraordinary Blood Purifier," Ac. * GEO. W. BLOUNT. For sale by GOODRICH, WIN EM AN A CO., im? porters of Drugs and Chemicals, Charleston, 8. C. oct2 8tuth3 Special Montes. ?&X GREAT MANY SIDE HITS ABE being made at t'?e PLANTATION BITTERS by a score or two of disinterested friends, who are eu deavoring to imitate or counterfeit them. It is all of no use. The people won't be Imposed upon. Plantation Bitters are increasing in use and popularity every day. They are in the same sized bottle, and made just as tb/y were at first. They malee the weak strong, the languid brilliant, and are exhausted Nature's great restorer. The re1 cipe and foll circular are aronnd each\pottle. Clergymen, merchants, and persons whose seden? tary habits induce weakness, lassitude, palpita? tion of the heart, lack of appetite, liver complaint, Ac, will find immediate and permanent relief In these Bitters. But, above all, they are recom? mended to weak and delicate females and mothers. MAGNOLIA WATER. -Superior to the best import? ed German Cologne, and sold at hali the price, octa tuth?3 . ?_ ??r NOTICE .-CONSIGNEES PER Steamship MINNETONKA are hereby notified that she is THIS DAT discharging cargo at Yan derhorst's Wharf. Goods not removed by sunset will remain on wharf at owners' risk, or if stored, at expense and risk of owner or consignee. octa 3_RAYEXEL A CO., Agents. CARD.-THE SUBSCRIBER RE? SPECTFULLY announces to his former patrons and the public that he has resumed his former business as Collecting and Beal Estate Agent. Address, for the present, through the Poetofflce, or at his residence, No. 9 Doughty street. 0Ct2 stnth3?_ALEXANDER P. GRAY. ??~ SOUTH CAROLINA LOAN AND TRUST COMPANY, OCTOBER 1,1st? ..-The Board of Directors of this Company havmg declared a Serai-Annual Dividend of FIYE r'ER CENT, bin the Capital paid In, the same ,free of Internal Revenue Tax) will be paid to tte stockholders on and after the 4th instant oct2 swth3 TROS. R WARING, Cashier. ?gr ROPER HOSFiTAL. -THE PUB? LIC are respectfully no'Wed that a part of the Roper Hospital Building aas been organized as % PRIVATE INFIRMARY, for the treatment of Pa? tients in the City and trronghout the State, who cannot be conveniently attended to at their domi clls. The Trustees an prepared to receive both Medical and Surgical ';asee at the Roper Hospita, where the best Medical and Surgical treatment, with Board and Nuning, will be provided, at the sum of twelve dolbv$($12) per week. Apply to the Secretary and Treasurer pf the Board of Trustees, Dr. WM. T. WRAGG, No. 21 East Battery, Charleston, or to the Resident Phy? sician at the Hospital, Dr. MANNING SIMONS. sept!4 tn4_ tO- A CARD.-SOUTHERN LIFE INSUR? ANCE COMPANY, ATLANTA DEPARTMENT. To THE PEOPLE OP SOUTH "CAROLIN A : The above Company was erg an LI ed in 1866, in consequence of the wholesale, forfeiture of South? ern policies by Northern companies. Tte un? paralleled success of the enterprise has forced several of these companies to restore thel South? ern policies, from the fact that they could not operate in onr midst without the appearance of honesty. We keep all our money at home to build up our impoverished country-every dollar of pre? mium being safely invested In the State from which it ls derived. The Institution ls purely Southern, and hence shonld appeal with, great force to the patriotism and sympathy of every Southern heart. 'Tis not our purpose to make war on other companies, bnt to exhibit the special advantages offered by this purely Southern Company-found? ed on patriotism and solid wealth, ita ratio of assets to Uabllttles-the true test of a company's strength-ls second to none on this continent, being nearly $300 to $100. Whenever and wherever we have presented the claims of this Company, it bas not only enlisted the sympathies of onr people, but bas also secur? ed their hearty co-operation. We have secured 600 policies in Sooth Carolina since the 10th of February. We number among our Directors General Wade Hampton and Colonel Wm. John? ston, gentlemen well known to every citizen of South Carolina. We appeal personally to the people of South Carolina to assist In pushing for? ward this deservedly popular Southern institu? tion. J. H. MILLER, General Agent Southern Life Insurance Company, No. 23 Broad-street, Augusta, Ga. S. Y. TUPPER, Agent, Charleston, S. C. H. W. DESACSSURE, M. D., Medical Examiner. We cheerfully recommend the above Company to the patronage of the citizens of South Caro? lina. COLUMBIA, S. C.-J. S. Preston, J. P. Carroll, C. D. Melton, S. W. Melton, J.D. Pope. CAMDEN.-J. B. Kershaw, Wm. M. Shannon, W. E. Johnson. SUMTER.-John B. Moore. WINNSBORO'.-W. R. Robertson, J. B^VcOante, James H. Rion. YORK VILLE.-W. B. Wilson, A. Coward, James Mason, I. D. Witherspoon, J. R. Bratton, J. T. Lowry, R. G. McCaw. ANDERSON.-J. L. Orr. , BARNWELL.-Jos. A. Lawton, James Patterson, Johnson Hagood. CLARENDON.-Jno. L. Manning, T. C. Richard- ^ son, Browne Manning. REFERENCES IN CHARLESTON. General JAMES CONNER, Messrs. PBLZER, RODGERS Sc CO., JAMES H. WILSON, Esq., GEO. H. WALTER, Esq., LEWIS Q. MOWRY, Esq._"_angin 2m oa ?W'A CARD.-A CLERGYMAN' while residing In South America as a Missionary, discovered a ?afe and simple remedy for the eure of Nervous Weak.^^. Early Decay, Disease of the Urinary and Seminal Organs and the whole train of disorders brought on by baneful and vicious habits. Great numbera have been cured by this noble remedy. Prompted by a desire to benefit the afflicted and unfortunate, I will send the recipe for preparing and using this medicine, in a sealed envelope, to any one who needs it, free of charge. Address JOSEPH T. INMAN, Station D, Bible House, PCM 3mos?_New York City. jar NOW IS THE TIME TO REPAIR the Inroads made upon the physical strength by the heated term which has closed with Septem? ber. The vitality that has been oozing through the pores in the form of perspiration, for the last three months, requires to be replaced, as a prepa? rative to the cold season which makes such disas? trous havoc with relaxed and untoned systems. The reserve of vigor with which the stoutest maa commences thc summer campaign is drained ont of him at its close, and unless by some means he acquires a new stock of vital energy wherewith, to encounter thc shock of a colder season, he may droop and wither like the falling leaves whose llfe-Julces are exhausted. If it is thus with the strong, how much more perillouH ls the condition of the week and ailing. Their reason must sug? gest to them, more forcibly than these printed w. ls, the necessity for Invigoration, and the world having decided, after au experience of almost a quarter of a century, that UOSTET TER'S STOMACH BITTERS embrace such restora? tive properties as are not possessed by any other tonic and alterative preparation In existence, the Importance of resorting to that great RENO? VATOR AND REGULATOR OF THE HTMAN MACHINE, at this critical season, Is as obvious as the light of day. Let all who desire to escape sn attack of Chills and Fever, Bilious R?mittent Fever, Dysen? tery, Diarrhoea, Dyspepsia. Hheunatjiu. Hypo? chondria, or any other of thc disen-- s .tfwnicn the fall season fs the prolific rm: I?' course promptly to this celebrated pr ..f restorative '