The daily phoenix. (Columbia, S.C.) 1865-1878, July 11, 1875, Image 2
Sunday Morning, July 11, 1875.
?/Toe T?rkin? Tide.?Under this en?
couraging heading the Nashvillo Union
and American says that so ihr as the ge?
neral business of the country is con?
cerned, wo notico everywhere indications
of a more hopeful fooling?attributed
chiofiy to sanguine reports concerning
the condition of the crops. These prov?
ing true, monoy will once moro move in
all of its accustomed channels. From
the family of the farmer, who rcquiro
their annual supplies, to tho jobber of
merchandise in our great cities, fresh im?
petus must bo given to trade. The coun?
try cannot go backward. We have
passed through tho em of collapse, and
arc now recuperating. It may not bo n
process visible to tho eye, but silently
and stealthily it is leaving its trail.
Tho New York Times, of tho 5th, says,
in its reviews of the situation, that many
merchants havo this week struck their
balance sheets for tho half year, and
havo found that matters are hotter than
they expected. In regard to the great
producing interests of the country,
thero is much in tho situation that calls
for general congratulation. The farmers
of the North-west are now rapidly mar?
keting the surplus grain loft over from
last year, and the grain, after reaohing
tho lake ports, is being rapidly trans?
ported to the East;'in evidence of which
may bo mentioned tho fact that on ono
day recently freight engagements were
mado in Chicago for 800,000 bushols of
grain for the Atlantic cities.
Crop accounts continue to bo of tho
most cheering character. In tho South
a full crop of cotton, sugar and rico will
no doubt bo raised, which will do muoh
toward recuperating the Southern States,
while at the West the whoat harvest pro?
mises to be the most abundant for many
years, and other grains promise equally
wolL ;Tho grain crops of Hungary and
Russia are-'likely to be below the ave?
rage, and the recent floods in Hungary
and France will'further reduce tho con?
tinental harvests. This makes it pretty
certain that the surplus wheat of Ame?
rica will nil bo'wanted'ou tho other side,
of tho Atlantic, and every business man
knows-that a good export demand for our
cereaLV "especially with decreasing im?
ports*, means better times for the coun?
try at-large. In tho coal regions, tho
contest butwoon labor and capital is
over, and labor has succumbed to the
fonernl demand for lower wagts. Cheap
iboT in a country like ours is very im?
portant, that being a great olement of
general prosperity. It is evident that'
from this tiino forward, wo are to rely
upon ourselves for all the iron which wo
nocd in tho construction and repair of
railroads and for other purposes; and,
looking still further ahead, it is now
generally conceded that in the future we
will compete with Great Britain for the
supply to other countries. This is a
very important matter, and has not yet
received that consideration to whioh it is
properly entitled in estimating the fu?
ture of tho general situntion. The annual
increase in tho production of gold and
silver in the United States is yet another
matter, that has to bo taken into account
when considering tho prospects of tho
country. The Western Territories and
the Pacific States are very rich in gold
and silver, and the supply seems to be
almost inexhaustible.
The Now York Jinpress thinks every?
thing outsido of Wall street bears a
brighter look for the future, und it is
really hoped that its forecasting may
prove true. It is certain that the reports
come up of crops in all sections looking
well, and it seems as if the country was
to be blessed with abundant harvests;
the remnant of last year's grain is being
froely marketed by the farmers; labor in
the West and South is abundant and
can be bad much cheaper than former! v,
in consequence of tho great decrease in
railroad building; the crops on the con?
tinent of Europe do not look as good as
usual, and England will want our sur?
plus grain, and probably other countries
will want some of it; the labor strikes in
tho coal regions aro over; tho mining
prospects on the Pacific slopo aro very
promising, and the general outlook is
extremely favorable for a good fall trade.
Tho energy and enterprise of 40,000,000
of American people, and tho great pro?
ductiveness of tho country, aro bonnd to
bo felt in a new era of prosperity for tho
nation, oroakers to the contrary not?
withstanding. It is not worth while,
however, to make too sanguine calcula?
tions in this respect. For many years
past, tho machinery of our national in?
dustry had been running at high pres?
sure, and had been doing, well or ill, an
immense amount of work. That activity
is now much less, by reason of tho over
stimulation and production, and the
machinery has to adjust itsolf to the new
condition of things, without looking for
a hasty rovival of tho former activity.
Good crops, however, must bo a great
stimnlant to rovival.
This brief summary of tho general
situation should convince every intelli?
gent man that there aro substantial rea?
sons for tho improvement which has re?
cently sot hi.
Tho Iowa Leader tolls a story of a well
known life insurance agent, who'ap?
proached Hammond, the revivalist, on
mond Bald that, he could not afford ? to
turn his attention to such a' temporary
and worldly subject* but* if tho agent
could insure his soul it might bo worth
while taking. The-1 agent slowly shook
his head and said it was.impossible; his
company did not carry any fire risks. '?
The South.?Tho New York Iterald,
referring to the correspondence on the
South, which it publishes with tho As?
sertion that it is full of interesting in?
formation, says that the grent problem
introduced into our politics by tho ad?
mission of tho colored peoplo to tho en?
joyment of equal rights with the whites
is slowly working out its own solution.
So far tho inlluenco of the carpet-bag
olemcnt, supported by the Federal
power, has been able to maintain the
color line unbroken outside of Arkansas,
but there are not wanting indications
which point to a growing discontent
among the colored people with tho pre?
sent system. The result of the carpet?
bagger's success has been a course of
dishonest legislation which has dis?
gusted tho honest Republicans of the
South. Wisdom and forbearance on tho
part of tho Democrats will in time break
tho solid phalanx of the colored vote
and froo the South from tho nightmare
of carpet-bag government and Federal
interference which at present crushes
out the energy from the Southern peoplo
and impedes all progress.
After Leslie & Co.?The Executive
Committee of tho Barnwell County Tax
Union, at a mooting held on Monday, re?
solved to indiot C. P. Leslie, the noto?
rious ex-Land Commissioner. From tho
Barnwell Sentinel, wo learn that Col. T.
J. Counts, the President of the tinion,
was requested to make the necessary afil
davit. This he did, and the papers on
which to issue, tho warrant were placed
in the hands of Trial Justico Patterson.
A Revenoeful Or?an.?The stomach
is a revengeful organ. If we assign it
indigestible food, it not only refuses to
perform its office, but inflicts upon us
nnspenknblo tortures, such as those of
indigestion, colic, cholera morbus, Ac.
Not content with giving us pain, it fre?
quently inaugurates an excessive and
wasting' diarrhoea, called dysentery,
whioh carries ns to our graves. With a
View to prevent these consequences, as
soon as tho stomach gives notice by pro
monitory twinges that its cargo is not to
its liking, a wine-glass-full or two of
Hostetter's Stomach Bitters should be
swallowed. This admirable digestive
cordial will promptly reconcile tho re?
fractory Organ to its contents, and pre?
vent any of those annoying and possibly
fatal results whioh tho presence of indi?
gestible food in the stomach is liable to
produce. Tho Bitters are also a superb
tonic, restorative and appetizer. J9llf3
It is truly wonderful, the Variety and
ingenuity of the conveniences for the
desk and office?pens of varied patterns,
inkstands possessing unmberlcss ad?
vantages, letter files, each one the best,
onvolopes'of size and qualities infinite.
It is alnioKt. bewildering to enter the
large Broad street store of Walker,
Evans & Cogswell, in Charleston, and
seo the number of theso attractions.
Here you find the largest stationery
stock South of Baltimore, and you only
have two troubles?first, sufficient cash;
and, second, tho difficulty in deciding
among tho many things offered, each
equally suitable to your wants. M7f
Company K, 18th United States Iiu
fantry, Major Jns. Stewart commanding,
with Lieuts. W..A. Miller and John An?
derson and Dr. W. Howard King, for?
merly garrisoning Newberry, are now
tenting in Greenville.
Thorc was a mis-trial at the Newberry
Court, on the 9th, in tho case of Arthur
A. Glover, charged with killing Wm. Go
million in Edgefield, two years ago. The
jury consisted of ten white and two co?
lored men.
Mrs. Pooser's dwelling, in the Edisto
Fork, Orangeburg, was destroyed by fire
on the 7th.
Mrs. Jane Boyd, of Laurens, died on
the Gth.
R. V. R. C.
ATTEND extra meeting TO-MORROW
(Monday) NIGHT, with arms. By
order of tho President.
July 11 1 R. S. MORRISON, Sec'y.
Survivors of the Hampton Legion.
ALL members of tho Hampton Legion
residing in Richland County aro re?
quested to meet at tho Wheeler House,
on TUESDAY, 13th July, at 12 M., to
mako arrangements for tho meeting on
2l8tJuly. W. K. BACHMAN,
July 112 Acting Chairman.
Ho! for the Schuetzen Platz.
KEMEMBER that tho halls and
grounds of tho German Schuetzen
Platz aro open EVERY DAY in tho
week, and that REFRESHMENTS can
be had at all times. Those who aro not
members of the Club cannot gain admit?
tance except they aro accompanied by a
member. Come and amuse yourselves.
July 11 f3
Mechanics' and Farmers' Building
and Loan Association.
AMEETING of tho Mechanics' and
Farmers' Building and Loan Asso?
ciation will be held on TO-MORROW
(Monday) EVENING, at 8 o'clock, in tho
hall ever E. R. Stokes' Book Bindery.
Money loaned and dues received.
T. H. GD3BES,
July 11 1_Soo. and Treas.
A Cow and Youag Calf
STRAYED on my farm a
short . time ago. The ownor
can' have her by proving pro
bbrty and paying expenses.
I L. D. SMITH,
Rice Crefek* Road, four mile's from' Co
^qmbfa.1 July 11 3
Cm Items.?Chickens aro plentiful
and prices becoming reasonable.
The great ruBb continues at Mr. Jack?
son's, and bargains is the result.
Old newspapers, snitablo for wrap?
ping, at fifty oonts a hundred.
Tho embroidery bargain counter at
Wm. D. Love A Co.'s attracts crowds
daily.
There were five deaths in Columbia
for the week ending the 10th?ail co?
lored.
The man who is too poor to take a
newspaper, is too poor to havcawlfoand
children.
Hard times made easy- C. F. Jackson
is now offering better bargains than has
yet been offered in this city.
Those who were compelled to peram?
bulate the streets voted yesterday a hot
day.
Wm. D. .Love A Co. are agents for
Keep's partly-made shirts, only S15.00 a
dozen.
As an exchange remarks, the present
pinncd-back stylo suggests the exclama?
tion, "Hipl hip! hurrah!"
South of us, water-melons as large as
nail kegs go begging at fifteen cents
apiece. Oh! water-melancholy fact.
Any and every style of book and job
printing cxecutod promptly at Pikenix
office. Material of every kind on hand.
Old typo in any quantity, at from
twenty to thirty cents a pound, for sale
at Pikenix office.
Tho white goods bargain counter at
Wm. D. Leve A Co.'s contains the cheap?
est goods ever sold in this city.
The way money is scarce here now, is
distressing to both debtor and creditor.
??Would it were otherwise."
Subscribe for the Fuosxix; have it re?
gularly left at your residence, and don't
depend upon buying uinglo copies or
borrowing.
Tho County Commissioners will pay
twenty cents and eight mills on all school
claims prior to November, 1873, that
have been registered.
During tho heated term, would it not
be a good idea to begin the morning
services in the different churches at an
earlier hour?say half-past 0?
Wm. D. Love & Co. will continue to
offer unprecedented bargains during this
month. All in need of goods should call
at once.
C. F. Jackson says his entire stock is
to be at bargain counter figures. He
intends keeping up the rush for dry
goods?offers COc. grenndincs for 37Ac.
As tho mosquito season has set in, a
few pennyroyal leaves, rubbod and
' spread out in a room, or tho uncorking
of a bottle of the essence, will drive
them away.
The excitement consequent upon the
Parker trial came near resulting in
blows, yesterday, betwen two interested
citizens. As both arc in good condition,
there would have been a lively round.
Messrs. Kinard A Wiley aro exhibiting
n degree of liberality unparalleled in
these selfish times. They arc actually
giving away hats to contented mortals of
the masculine gender. Try 'em.
Capt. Meighan-Swaffield's company of
youthful firemen, with thoir small ma?
chine, the W. 13. Stanley, paraded, yes?
terday afternoon, and created quite a
sensation.
There was a small but very intelligent
audience in the Opera Houso, last night,
who listened attentively to tho entertain?
ing lecture on Florida, delivered by
Hon. Wm. Kondrick. Numorous ques?
tions were asked, all of which wero sat?
isfactorily answered. He and Col. Gibbcs
leave on their lecturing tour to-morrow.
Relioious Services To-day.?Trinity?
Rev. P. J. .Shand, Rector; Rev. J. II.
Stringfellow, Assistant; 11 A. M. and 0
P. M.
St. Peter's?Rev. Father Northrop; 1st
mass 7 A. M.; 2d 10} A. M.
Washington Street?Row A. Coke
Smith, 10J A. M.
Marion Street ?Rev. W. D. Kirkland,
11 A. M. and 8 P. M.
Lutheran?Row Z. W. Rodenbaugh,
10A A. M.
Baptist?Rev. A. R. Woodfin, 11 A. M.
and 8J P. M.
Odd Follows' School Houso?Rev. S.
B. Jones, D. D., 5 P. M.
Presbyterian?Rev. J. II. Bryson, 101
A. M. and 8 P. M.
? ? <
Reduction ov Sudbcription.?Tho
Weekly Gleaner, a largo family paper,
containing from thirty to forty-eight
columns of closely printod reading mat:
tor, will bo furnished from this date at
tho low price of $2 per annum, poatngo
includod. Old subscribers will havo
the time extended in proportion. The
desire is to furnish a good readable
weekly JoUrnal at a low rate to every
family within tho Stnto. Tho Gleaneb
in issued ovory Wednesday, and will
contain the Intent telegrams to date of
publication. Specimens furnished.
Special Teum Court of Common
Pleas?Tue Pauker Trial.?This Court
met at 10 A. M., yesterday. The evidenco
ou behalf of the plaintiff closed at 1.30
P. If. Tho following is a summary of
tho testimony taken on Tuesday und
"Wednesday last:
II. H. Kimpton's testimony showed
that he was Financial Agent for the .State
from September, 1808, till April. 1871.
Scott, Parker and Chamberlain composed
the Financial Hoard. He then described
his duties as such agent. He paid in
that time $100,711.50 interest coupons,
! and sent coupons to Parker; could not
give number or color of coupons; knows
the amounts; bonds were denomination
of $1,000, $500, S100 and $50; paid, fur?
ther, $308,023.50 interest coupons and
sent them to Treasurer; paid, further,
$108,330 interest coupons; paid no cou?
pons after October 31, 1871, as Financial
Agent; paid coupons as long as interest
on any of the bonds was paid; no con
i pons matured on hypothecated bonds;
I coupons were not kept on bonds, but
I were returned to him when the loans
were paid; coupons went with bonds as
claims ogaiust the State when forfeited;
co:isod paying interest after payment of
$31,450.04, April, 1874. As Financial
Agent, I did not pay any coupons or
bonds which had not, at the time of such
payment, been issued by the State, nor
upon bonds which at the time had not
been hypothecated or sold by the State;
kept no note of anything but the amounts,
.always sent coupons to Parker; Randall
was his agent in Columbia; a receipt he
signed, giving the particulars as to color
and number; bonds sent him were pay?
ment of interest account, 1808, redemp?
tion bills receivable, relief of treasury,
Land Commission and conversion bonds
?total $0,511,000. Coupons which had
matured and were unpaid were detached
and sent to treasury before final settle?
ment; they show for themselves; balance
paid and unpaid coupons $100,000 or
$500,000.
Mr. Darby Randall details his transac?
tions as Kimpton's agent.
Mr. C. L. Van Zandt, President Ame?
rican Dank Note Company, describes the
paper printed for the State.
Ex.Gov. R. K., Scott testified, that
when he went into office, in 1808, the
bonded debt of the State was about
$5,500,000, exclusive of Orr bonds;
bonds then were old and new State
House bonds and bonds for relief of
Treasury; described bonds issued by his
administration, kept memorandum, which
was lost; amount of bonds converted
wos $1,500,000?somemarked red, others
blue; discovered this when presented for
his signature; Parker said the change was
made in consequence of the numbers be?
coming too high, which had a bad effect
on bonds in market; witness thought
bhic bonds as good as the red; when
$3,000,000 blue bonds had been issued,
they resorted to red ones again; in Janu?
ary, 1871, he found that the conversion
bonds he had signed had not been con?
verted; they had been sent to Kimpton;
H. Solomon took S3Uo,000 to New York
and brought back S700.000 bonds for re?
lief of Treasury, which were exhibited to
Tax-Paj-ers' Convention; were afterwards
returned to Kimpton; interest was paid
two years, first year in currency, second
in gold; some unsigned bonds, with
coupons attached, remained in the Trea?
sury.
F. L. Cardoy.o, Secrotarv of State from
1808 to 1871, testified tliat he thought
the red bunds were issued first and then
the blue; when the blue were issued, the
numbers began at one again; bundles of
coupons were turned over by Parker to
him when he assumed the duties of
Treasurer; these are about $1,108,800;
were counted; found over $500,000 in ex?
cess of what interest called for; all were
canceled; found this out by number paid
on interest book and number on hand;
two boxes of coupons have besn found
since he made his last report.
Cftpt. J. L. Little's testimony has been
already given.
Mr. Attoriicy-tioncral Melton stated
that he had discovered the evening be?
fore, that Gen. C. J. Stoibrand, one of
the,jurors charged with the case, was one
of the defendant's official bondsmen; he
nsl'cd that there be entered on the mi?
nutes an official statement from him,
that Parker's bondsmen would not be
pnrsued by reason of nnything growing
out of tho case, and hoped the case
would go on. He stated that he had no
objection to Gen. Stolbrand, was glad he
was on tho jury, but desired to release
him from the embarrassment of sitting
upon his own trial, so to speak.
Mr. C. D. Melton, defendant's counsel,
consented, and it was so ordered and
entered.
Gen. Stoibrand said he felt no embar?
rassment in the matter, as he had applied
for a rclcaso from defendant's bond,
although ho had not received it as yet.
Captain Dunn resumed for the plaintiff:
All of Parker's coupons were in packages
of $100 each; $1,000,000 bonds for roTiof
of treasury were originally issued, $800,
000 wcro received by Kimpton and used;
others wero marked by Treasurer as
used; tho coupons were cut off up to
and including July 1, 1871; each cou?
pon's number corresponds with the
numbers on tho bonds; Kimpton says
ho received $809,000 coupons already
pnid, and uiken from tho treasury would
cauao a loss to the State of CO cents on
tho dollar by funding; known the classi?
fication exhibited; those marked regular
werojaken from thoso marked in record
of conversion as regularly counted; com?
pared numbcrB on bonds and coupons
taken'from Treasurer's circular, detects
irregular bonds by there being no entry
upon the books of tho Treasurer or
Comptroller, which charges interest on
them up to July 1, 1871; largo part of
tho irregular coupons are blue; then tho
Bank Note Company stated that they had
not peon sent hero until July 1,1871;
then! there was an official roport showing
that $3,000,000 wero held in New York
as collateral October, 1871. The names
of tbe persons to whom funding bonds,
under Act of December, 1873, were
isBued, appear on tbe Treasurer's books,
not on tbe f?co of tho bonds. He then
explained the difference between an ex?
hibit of the State's interest up to October
31, 1871, shown him and a calculation ho
had made himself; he said all was cor?
rect except '70 and '71; interest had been
calculated on bonds before thoy were
issued, and some marked as due which
wero then hypothecated; this deduc?
tion reconciled the discrepancy: the
first conversion process was in June,
I860, of 10 State Capitol bonds; lirst con?
version into the treasurv was September,
1800. 200 Capitol bonds", und 4?0 bonds
of the Hank of the State; these must have
been previously sold; dato'of Tax-Payers'
Convention was May, 1871.
Mr. "Walter lt. Jones testified that he.
was employed by the Financial Board in
1873 in examining into tho condition of
the; public debt; was engaged from April
till November; was clerk in Secretary of
State's office in 1873; a large number of
bonds wero scaled in blue in summer of
1872; tho amount was large?2,000,000 or
3,000,000; found in Treasurer's record of
conversion bonds in blue, November 16,
1871, 882,000; finds none in blue con?
verted before that time; 621,000 in red
on November 10, 1871; December 1, 1871,
$117 in bluo; March 14, 1872, 31,000 in
blue: May (i, 1872, and on 14th, S22.000,
all in blue; his examination extended
from their printing by the Bank Note
Company up to the disposition made of
thc-ui on the books; the bills receivable
were sold m New York; all went into
Kimpton's hands for interest on public
debt, (see Kimpton's report, 1860-70;)
bonds for funding bills of Bank of the
State do not appeor to have gone into
Kimpton's hands; the financial statement
in Gov. Moses' message of 1873 was pre?
pared by witness; Murphy & Co. printed
tho Orr bonds: the general condition of
tho Treasurer's office after Parker had
left it was not comprehensible to wit?
ness.
Y. J. 1'. Owens was called. Mr. Attor?
ney-General Melton stated thnt ho had
been served with a subpeena June 28,
li>75, for this trial.
"W, B. Gulick testified that he received
a letter from James O. Lodd concerning
tho funding of certain coupons, which
letter he answered. Farker had requested
him to fund a certain largo amount of
coupons; subsequently Parker said he
had got Y. J. P. Owens to attend to this
funding for him; ho then described the
rules of the bond market.
T. J. Minton, Treasurer's book-keeper,
testified that thero were two doors to
treasury vault?tho outer a massive
double door, with combination lock;
Mr. McKinney and himself had the only
kevs to the inner door; tho combination
is known to F. L. Cardozoond McKinney,
and at one time to W. B. Jones and him?
self; no one else could get into the vault;
remembers that there arc $101,000 bonds
"for relief of the treasury in tho vault,
unused, Ac.; there is no record of their
having been returned by Kimpton; the
number of bonds issued to Y. J. P.
Owens show on record for themselves.
Mr. Samuel Cnvcndcr testified that six
clerks wero eleven days counting the
coupons," and he swore tho count was
correct.
Mr. Hardy Solomon swore that Parker
offered him $10,000 or $50,?U? of coupons
as a collateral for a loan in 1873; did not
make the loan; lost the memorandum of
the coupons, their number and color.
T. McStewart testified that ot*upons
exhibited to him appear to be the same
he counted in 1871.
Ex-Gov. Scott, re-called, testified that
the memorandum of the bunds 6igned by
him he before stated was lost, but he
remembered that there were $1,200,000
in all. He got consolidation bonds from
Parker in Julv, 1874, to settle a judg?
ment against Parker; amount of bonds
$11,000, face value; don't know their
number; corrected statement in Naca
mid Courier, which made him say he did
not know the amount of bonds signed
or eo^ipons necessary; he said he did not
really know, but that he had not been
asked that question; he said that he
never heard of $50,000 of coupons hav?
ing been set aside for him by Kimpton,
or any one else; never got a cent of any
of them, and, at tho proper tiiae, could
account for every bond and coupon he
had ever owned.
Mr. J. G. Thompson got four consoli?
dation bonds from Parker, through Gen.
C. L. Anderson, six for himself and four
for another party; this was in September,
1671. They were $500 bonds; remembers
that the highest number was 23; thinks
the others went regularly back there?
from; knows nothing of Parker's having
abstracted $150,000 of coupons from the
treasury. He and Gov. Scott were noti?
fied by defendant's counsel that they
might be needed by the defence as wit?
nesses.
Court adjourned at 1.30 P. M. until
Monday, at 10 o'clock, at which time the
defence will begin, unless tho State de?
sires to give in' further testimony.
?\Voi;ks of Abt.?Mr. Uix, of tho "Art
Gallery," has just completed two re?
markably fino pictures, which aro at?
tracting gonoral attention and admira?
tion. Tho one is an oil portrait of Dr.
J. F. Ensor, and tho other a crayon pic?
ture of Gov. D. H. Chamberlain. They
arc excellent likenesses. Mr. Hix is an
artist, in every sense of tho term.
? ?
List of New Advebtisiments.
Ho! for the Sohuotzen Platz.
Mechanics' and Farmers' B. & L. As'n.
Meeting lt. V. lt. C. i
C. F. Jaokson?Great Bush.
\V. K. Baghman?Survivors' Meeting.
'?Junip-up-end-run-away-and-then-sit
down again," is the name of a Bod Cloud
Indian who has just taken the war-path.
Ho must havo sat down on a pin.