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CON I II ACTION-IS THERE MONEY
KNOITGII. .
Vo have been m doubt -as to one
question or point connected with the
prenent' financial discussion. We
havo been trying to ascertain whether.
there has been any contraction of the
currency since 1865, and if so, how
much. -There is one class of writers
men who have fallen victims to the
greenback craze who insist j that in
1865 the actual' circulating medium
.of tho country aggregated nearly two
thousand million dollars. Here are
-the. figures as given by these advo-
; cates: .
United States notes.... '. .413,160,569
Fractional currency 26,344,742
National bank notes 213,754,150
Compound interest notes. ..... 207,024,109
Temporary loan certificates. . ; 207,148,713
"Certificates of indebtedness.. 85,093,000
Treasury five per cent, notes.. 32,536,990
Treasury notes over due. ..... S 1,503,020
Stale bank notes. &d,4Zl,b4iS
Seven thirties. . ,
... 810,000,000
Total....... .........$1,949,986,877
We think these figures excessive
by at least six or seven hundred mil
lion. They say the present? circula
tion does not exceed seven hundred
million dollars, which is very nearly
correct as far we - can learn. . One
class of calculators place the present
volume of curreucy at about $676,
000,000. Senator Eaton, of j Connec
ticut, a bard money Democrat, who
stands up firmly and squarely for
the bondholders, said, in his speech
delivered in the Senate last winter,
that the actual circulation was over
Heven hundred and sixty-seven mil
lion dollars. He said: I
( "Now, Mr. President, I proceed to show
what was the amount of coin and tbe
amount of currency in circulation and
awaiting circulation on the first of January,
1878: j
Legal tender notes.... $349,943,776 00
Fractional currrency. . 17,764,108 90
Silver coin...... .r 38,056,820 22
Gold coin (estimated)...... 40,000,000 00
National bank notes.. . v. . . JJ2L672.505 uu
Making in all. ....... .$767,672,210 12
"More than $767,000,000 wi'h which to
transact the business of the people, of the
United Statesl At the present rate of gold
there would be on a gold basis and I de
sire the Senate to notice it more than
. $750,000,000 of purchasing power. Ah I
indeed, sir,-well may my honorable friend
from Kentucky say 'there j is money
enough.' ". 1
Senator Eaton is a very honorable
and upright gentleman, but he was
- speaking against the bill to remone
tize silver, and his whole ! influence
was thrown in the scales of the
money kings and other goldites. We
do not believe he would4 knowingly
exaggerate, and what ho says is at
least approximately correct;. That is
to say, the circulation is not more
, than $75,000,000 -55 than he puts it.
He thinks there is "money enough,"
because, as he says: jj
"More than 92 per cent, of the business
of the people of tbe United States is trans
acted without the payment of onedollar
either in coin or currency, whether a nine
ty scent dollar or a hundred-cent dollar.
Therefore, in truth and in fact, for the
transaction of barely eight 'per 'cent:
mark it. Senators' for the transaction of
baiely eight per cent, of the business of
the people of the United States, there is in
hand the vast amount of purchasing power
of more than $750,000,000 in gold. More
than ninety-two per cent, of the business
of the country is performed by the use of
bills of credit and the various media of
exchange without the intervention of one
dollar in coin or currency, as I have ob
served." v :,',:,;.,.,! 't:'-,,;
, There is another class who insist
that the present volume of, currency
is quite eight hundred million dol
lars. These are the figures yon will
find generally given in Northern
Radical papers. They wish to kill
off all clamor for 'more money," and
they try to do this in part by magni
fying the amount of ; the circulating
- medium. Senator Eaton's figures are
th6 maximum. . The - probability is
he is in excess by over $50,000,000. -
But the point is, is there really
enough currency? We know that
' France has a much larger circulating
VOL. 9.
medium than the United States has.
According to Mr. Alexander Delmar,
who is distinguished as a finanoior, in
France there are more ! ,han $60 in
circulation- for every inhabitant, in
cluding men, women and children.
France has a population jof 3,000,
000, and a national currency of $2,
000,000,000 - two thousand million.
In the United States we have a' popu
lation of-about 43,000,000, and the
curency will not equal $16 foj- each.
In North Carolina we do not suppose
it is $3 per capita. Itjiis conceded
that the French are vry great in
finance, and what they have accom
plished since their disastrous war with
Germany clearly provesj it. fVould
it hot be well for our financial tink
erers to take a trip to Paris kn study
the science at headquarters?' " ;-
j "' This brings us' to ' Consider another
point. 'What was the real circulation
4rilli8fjn4J:lgC0, 1ra3rthertf really
jbeenxany contraction ? j Wo are now
.fully' satisfied j that ; there has been
contraction. Judge Thdrmanjis pro
bably the ablest man connected now
with the Democratic party. I Judge
Merrimon expressed the opinion seve
ral years ago that he was the ablest
man in the Senate save Morton. He
is a cold, man and a cautious man.
He rarely speaks withoht weighing
well all he says. What doesjhe say
about contraction ? Hej is aa liable
to know about this as any man in the
country; In his speech t Hamilton,
Ohio, on August 12th, he said that
there had been a contraction of $76,
000,000 since the passage of the Re-,
sumption Act, January 14th, 1875.
Hero is what he said: ' j j
"Now, on Jan. 14, 1875, there wfere out
standing:'
Of greenbacks, in round num
bers.......
U.. $382,000,000.
On June 1, 1878....
i.. 346,681,016
Decrease JH $ 35328,984
On January 14, 1875, tbure were out
standing: i j j
Of national bank notes. . . . ii. .$351,801,450
On June 1, 1878. i ....... Jl. . 322,555,965
i I . - -ii i
Decrease j J . .$ 29,305,485
So, that since the passage of the resump
tion act, the decrease in greenbacks and
bank notes $35,32S,984 plus $29,305,485
has produced a contraction of $64,634,469.
If to this be added the j $11,550,903 of
greenbacks now on deposit in the Treasury
for the redemption of bank notes, and
which are consequently withdrawn from
circulation, the contraction amounts to
over $76,000,000, being at the rate I of one
million eight hundred thousand dollars per
months j j
But Judge Thurman avoids the
question of what was the currencv in
1865 and for several !
years
after-
wards. He comes down to 1875, ten
years after tho war had
ended, and
i - .
shows that the currency
has actually
been contracted $76,000,000 since
that time, a period of
and a half years.
about three
We have good reason
for believing
that the actual contraction, since the
close of the war, has been quite four
hundred million dollars. We will
refer to this to-morrow, as our pre
sent article is already too long to en
ter upon this point now. We will have
other points to present also to show
that the country requires more mo
ney, and the South especially.
The way to get "more money" is
through the Democratic party, that is
the staunch and unfaltering friend of
the people, j is , willing to relieve the
country, and has the power to do so
if the Southern people continue faith
ful to their own interests, true to par
ty, and' just to the country.
Referring to the death of .Captain
I. B. Grainger, the Charlotte, Obser
ver says : 'Captain Grjtinger! located
in Wilmington, as the papers. of that
city tell us, during the jwar, a penni
less, friendless, uneducated Irish
boy." Our friends of the Observer
are mistaken as to what the Wil
mington papers said. j It is true he
came here entirely unknown, except
to Messrs. John and James Dawson,!
who were connected with him, though,
only by marriage. But it was not'
slated that he was f'unedncated.".
As a matter of fact he was very well
educated. In his boyhood he had
excellent opportunities; for acquiring
an education in all r the branches like
ly to prove useful j to a man of busK
ness; and those who kpew him as a
man can well imagine what -were his
habits as a school-boy.
: It is thought that John Wj. Daniel,
of Lynchburg, Va., is preparing to
bolt and oppose Ran Tuoker. We
would be sorry to ma ce the swap if
we were a voter in that district.
Among the recent bankrupts in
New York is Israel Farjeon, jeweller,
brother of B. L. Farjepn, the English
novelist, who married J Jefferson's
A An orb t.flr. J TTa nwes t26.000i Assets
none.
WILMINGTON
HAS TUERE BBKN OONTBAOTIORt
; ' We showed yesterday from Judge
Thur man's masterly speech that since
January 14,' 1875,' there had been i a
contraction of the currency of $76,
000,000. We further stated that we
were satisfied that since 1 865 or 1866,
there had been an actual contraction
of over $400,000,000. We are. satis
fied now that it was much greater. .
Hon. A. H. , H. . Stuart is . one" of
the ablest men in Virginia. He has
been long in public life, was , once a
member of the Cabinet; And is a gen
tleman of very decided character. He
Is not infallible in his judgments and
not necessarily correct in his figures,
but what fate says is entitled to care
fill heariug. He has published' a
dissertation , upon the finances of the
country which' was evidently tbe re-
S . ( ' . l". .l,'-- ' -,ifi. f'
suit ot mucn tnougut ancl prepara
tion. He derived; certain : figures
from the'. Comptroller's Report of
December 3d, 1877, p. 164, showing
what was tho currency in 1865. He
says: .
"In a tabular statement, to be found on
the page just referred to, the Comptroller
thus describes the classes of paper:
Certificates of debt. . . . . . . .$85,093,000
Five per cent, legal tender notes 33,954,230
Compound interest legal tender
notes ......217,024,160
Seven-thirty notes. . i .830,000,000
U. S. legal tender notoa. 433,160,589
Fractional currency. ........ . . 26,344,142
Making the enormous aggre- I
gate of .1,625,576.501
But to get at the true amount of
paper then in circulation we
must add the amount of Na
tional ISank notes, viz. :. . . . . .176,213,955
Which swells 'the sum total
to.. ..$1,801,790,456
"Thus it will be seen that in 1865 the ag
gregate of paper in a negotiable form,
which practically formed a part of tbe CuS
rency, amounted to the prodigious sum of
eighteen hundred and one million of dol
lars." By referring .to our editorial of
yesterday, it will be seen that others
make the circulation in 1865 even
larger, by uearly a million and a half,
than Mr. Stuart makes it. The figures
given by. others who profess to ascer
tain the I circulation from tho same
sources Mr. Stuart consulted, are
$1,949,980,877. Mr. Stuart makes
the 2rxent circulation $633,059,212.
This is less than we have seen it
given by auy other statistician. He
is not far out of the way, as none of
the organs of the bondholders claim
but $820,000,000. Tho circulation
would appear to be somewhere be
tween $650,000,000 and $700,000,000.
The following are the figures exactly
given that may be relied upon proba
bly to show what was the outstand
ing circulation June 30th, 1878:
State Bank circulation. .. .$ 426,504 00
National Bank circulation. 324,514,248 00
Demand notes: 62,297 50
Legal lender notes... 346,681,016 00
One and two years' notes of
18(53. 90,485 00
Compound interest notes. . - 274,920 00
Fractional currency 16,547,768 77
Total amount in currency. $688,597,275 27
Mr. Stuart makes the contraction
since I 1865, $967,940,788, or more
than half of the currency then in cir
culation. We have all along thought that
these figures were misleading that
the contraction is by no means as
great as stated.
The fact that Judge Thurman1
avoided them, and confined his exam
ination to the last three and a half
years, led us to suppose that he had
doubts about their correctness. But
this does not follow necessarily. He
said in his speech:
"I shall not eo into the disputed ques
tion of what, for, practical purposes, con
stituted our currency at the end of tbe war,
and for several years afterwards."
He may have preferred for policy's
sake to avoid all "disputed questions,';
and to take his adversaries to figures
about which there was no "dispute."
We are by no means assured that
Mr. Stuart is so very much out of the
way after all. - Let us examine.
We quote from an authority who
is anything else than a Greenbacker,
but is a decided goldite. In Spal
ding's "Financial History of the
War," page 198, the following will
be found: :
"The statement of the : condition of the
Treasury, June 30th, 1864, showed that the
currency items ana oiners operating io
Jtaie prices were as toiiows: - -
United States notes, green -
; backs .$431,178,670.84
Postal fractional currency. 22,894,877.25
Interest bearing lecal tender
Treasury notes. ........ . 168,571,450.00
Certificates of indebtedness 160,720,000.00
National bank notes. ...... 25,825,695.00
State circulation(estimated). 135,000,000.00
Total ..$944,190,693.09
Seven-thirty
Trea'y
notes. . .$109,356,150.00
Tempor'ry
Tioan cer- - i
tificates.. 72,330,191.44- 181,686,341.44
Total inflatine Daner is-
sued T- $1,125,877,034.53
Mr. Spalding, as we have said, is no
soft-money lunatic. He has recently
written a letter in which he says that
N. ,C,; gRIDAY, SEPTEMBER 6, 1878.
Khe demagogies are very reckless in
perverting theVfaets, and the people
are badly deluded' with irredeemable
paper promises,' 'balled money."
Of
cdurse, then, we can trust his figures,
as he is too hohest" and too mueh in
jibe interest : of the contractionists and
money kings to exaggerate or "delude
the people." .?This Jfinancial authority
then makes the"Mtotal inflating paper
on June 3p,18 $1,125,877,034
But this is hot jail. On June 30, 1864,
an act was passed iauthortsin the is
suing of $234jpo6,000 of 7.30's, las
they are called J and Snaking them le
gal tenders Here i' tho legal tender
clause of the act: ' ,
I "The said Treasury notes may he dis
posed of by tbe Secretarv of the Treasury'
on the beat term's that can be obtained for
lawful money, and such. bf them as shall be
made payable, . principal . and interest; at
maturity.shall he ar legal tender to the same
lextent as Uaite Slates notes for their face
IvalueexcluotogAiitterest,!;
; The bullionists deny that the 7.30's
1 wore ever used as legal tenders and
circulated as currency. ' There were
$600,000,000 that were not made le
gal tenders. But there were $234,
000,000 that, were so made, and in
the language of the act above given.
The Chicago Inter- Ocean thus speaks
of these notes:
: '. -. I.I
"The law provided, to be sure, that they
might be sold like boDds, and many of
them were sold, but it alio provided (and
the hulliouisU do not quote this part) that
they might be paid out by the Treasurer to
any creditor ot the United States. That
they were so paid out, hundreds of sol
diers will testily who received them in t the
army. We have again and again pub
lished overwhelming testimony on this
point, but for the sake ol those who have
overlooked the facts, let us again briefly
recapitulate. And first, let us say the testi
mony of Mr. Spinner, tie old veterau of
the Treasury, ia conclusive in itself, and
worth all the theories of a hundred men
who know nothing of tbe mutter. Here is
his letter once more:
i Mohawk, Aug. 17, 1876.
Deab Sibs: our letter of the 15th has
been received. In answer I have to say
that the 7.30 Treasury notes were intended,
prepared, issue 3, and used aa curreccy.
Very respectfully y mu s,
F. 15 Spinner."
That would appear to settle the
question of the circulation of the
7.30's as curreucy. Mr. Spinner cer
tainly knew if any man in the world
did. S paid in s: admits the fact in his
book. Ho says: . . j j
' "The certificates circulated to .some ex
tent at the clearing bouses and among in
dividuals, which was one mode of increas
ing the credit circulation of the country,
ami thereby aiding tht general inflation-"
I lie says furtner that they "were
fitted for circulation as money, and
did circulate to a considerable extent
as currencv." If farther evidence
were needed we have it in the Fi
nance Report for : 1869, page 244, in
which it is distinctly stated that the
7.30 notes "were issued as money."
So it is very clear that the $234,000,
000 of the 7.30's : were a part of the
currency. So without much chance
of error we may put the circulation in
1865 as follows: ! .
Mr. Spaldine's estimate
1 June 30,1874... $1,125,877,034 53
Lecal tender 7.30 s issued
since June 30, 1874. .... 234,uw,uuu w
Total. $1,359,877,034 53
So there has been contraction, and
to a tremendous extent. If we adopt
the estimate of the circulation given
above for June 30, 1878, the contrac
tion would seem to be about this:
Circulation in 1865.
Circulation in 1868.
. $1,859,877,034 53
08a,5y7,75 27
Contract'n since 1865. . $ 671,279,759 26
We have had occasion, since ou
1 1
former editorial, to increase our
figures, as the examination we have
given appeared to authorize.
Since we began this article,' we
have met with j some evidence to
show that the circulation in 186sj was
even greater than that stated above.
The Secretary of Treasury's report
for 1865, page 9, seems to furnish
evidence that there was a larger
culation than ' we have given,
says: : -
cir
He
"From this. statement it appears that.
without including the 7.30 notes, many of
the small denominations of which were in
circulation as money, and allot which tend
in some measure to swell the mjlaaon,
paper money amounts to, etc., etc." I
According to the Finance Report
of 1869, p. 250, these "small denomi
nations" amounted to over $400,000,
000. If so, tbeu we have a sum even
approximating Mr. Stuart's figures as
expressing the volume of currency in
1865. The Chicago Inter- Ocean
thinks there were quite $500,000,000
of these "small denominations."! But
without insisting upon this last, we
have good proof that the circulation
in 1865 was over thirteen hundred
million dollars, and that the contrac
tion probably amounts, to considera
bly over six hundred million. We
will have other reflections to present.
. A North Carolina' editor de
clarea that the man who -will read a news
paper three or four years Without paying
for it will pasture a goat on the grave of
his grandfather.
POLITICAL.
Address of Hon. A. Bl.
Waddell I.aat
The Honif A. Ml - Waddell, Democratic
candidate for Congress .from this District,
opened the campaign Ust night with a cap
ital and timely address on the political
issues of the day, especially on the financial
condition of the country and ihe attitude
of the Democratic party thereto "1:1
The crowd.. present was ', unusually large
and . attentive, notwithslaudine: the rainy
weather and muddy streets.. . !" . f I f
Uol. Waddell was appropriately intro-.
duced by Capt. C. D. Myers, Chairman of
the ' Congressional Committee, and 'Ispoke
front' the portico: of the i Western Union .
Telegraph Company's office, ' which : had
been , illuminated with u Chinese - lan-,
terns, , &c, for the occasion, earnest-
y and impressively, j for nearly two
hours, proving by facts anil figures that the
principal measures proposed by the Orcen'-
back party hid been s advocated u by., the'
Southern Democracy' for , vearL.vIIe re-r
viewed the ogdron and jtoamouf of
the finances of tbe country from ihe be
ginning of the war bet weed the States to
the present time, explaining and proving,
by reference to authorities, that the present
distress was owing to the outrageous: man
uer in which the Republican party had
legislated in favor of the capitalists and
bondholders, and then appealed to his au
dience not to ' allow themselves id be be
trayed into any third party movement,
which could accomplish no good and
only result in advantage to ; the Repub
licans, by whom, in tbe South, it
was being secretly aided and abetted for
that reason. lie denounced the National
Bank act, and announced himself in favor
of its repeal and the removal of the unjust
tax on State Banks; declared himself in.
favor of tbe repeal of the resumption ' act,
and denounced tbe measure as unjust and :
oppressive to the business interests of the
country ; slated that he was in favor of the
greenback or paper dollar being made a
legal tender hi every respect, and equal; in
value to a dollar in gold or silver. He gave
in each instance convincing reason for his
position upon these questions, and discussed
them intelligently and forcibly.
He stated that for years the Southern
Democrats bad almost "without exception
taken the same view of these questions as
himself, and that be had, in the news
papers and on the stump, advocated them
years ago, and proved ! the assertion con
clusively by reading extracts from some
of the speeches delivered by him as far
back as 1870.
lie alluded to the prganizaiion of the
Greenback party in this State, which he
claimed had been done by emissaries sent
out by the Republican party in hopes of
electing Congressmen by this dodge, and
defeating the Democratic party, possibly,
in the election of. a President. He begged
them to remain true to the : Democratic
party ai tbia important juocture.and thus
secure the enactment of measures essential
to the peace and prosperity of the country.
He denounced the: manner in which
Hayes was placed in office; in unmeasured
terms, and reminded his hearers that the
fraud successfully practiced on the people
of the United States in thai contest by the
Republicans should not be lost sight of.
. He stated that he was in; favor pf Gov
ernment aid to a Southern Pacific railroad,
and showed how for years the Southern
members of Congress had contented them
selves in discussing hair-splitting constitu
tional. Questions, while those from the
North went in for appropriations and got
them. ;.::
in conclusion, ne pledged his best en
deavors towards representing all the people
of this District, of whatever class, color or
shade of political opinion; stated that he
would canvass the District thoroughly, pre
dicted his election "as usual," on the first
Thursday in November; thanked his audi-
tors lor their attention, and withdrew
We had expected and desired to publish'
the address in full, but were disappointed.
in obtaining it, a fact i which we much re
gret, but which we assure our readers is not
our rault.
i .. .
The Brunswick County . Election!
Case. ,
The Board of Canvassers of Brunswick
county will appear before Judge Buxton, at
Chambers, is Fayettevule. to-day. on a
summons to show cause why a mandamui
should not bo issued requiring them to de4
clare the vote of Brunswick county in the'
late clectiou as it was cast.j -It will be re-
membered that on account of some irregui
larities the vote of Town Creek Township
was thrown out by the Board of Canvass
ere. by which several Democrats on the
county ticket were elected. They allege,
we understand, that a registration was or
dered in Town Creek Township by the
Board of Magistrates on the 15th of Junej
and at the same time that John D. Evans
was appointed Registrar, but failed to com
ply with the law requiring; him to take i
new registration. Evans alleges that the
order for a new registration was made be
cause the old registration dookb nau been
lost or mislaid; that ino docks were -subse-auenllv
found, and hence the cause -for a
new registration ceased, to exist. He also
alleges that he did not receive sufficient no
tice. ' ' - ;iM --f J - J -is-J
The summons is made -on the affidavits
of S. P. Swain and E; W. Taylor es. Jas
D. MacRae and others.Board of Canvassers
of Brunswick county. . -!
Ex-Judee Russell abDears for the plain
tiffs, and Mr. J, D. Bellamy, Jr., for the de
fendants. ...,.- -
A great many pronounce the
speech of Hon. A. M. Waddell, in this
city, on Friday evening last, to be the best
thev ever heard him make. His argument
on the financial question was. such a con
vincing one that some- of ; bis most promi
nent political opponents have been beard
to admit that it could mot be controverted.
; Twenty-one large, vessels, mostly
foreigners, arrived at this port during the
past week.
NOi 45.
The Cape Fear Townsnip Election
";case."v' -v' 1
The Registrar and Inspectors of Election
of Cape Fear Township were arraigned
before U. S. Commissioner McQuigg, yes-,
terday morning, on the affidavit of one Al
bert Cooper, colored, charged with hin
dering him from voting at the late election.
Cooper had previously made affidavit that
the Registrar for that township, A.- J. .
Grady.'Esq., had refused to allpw him' to
register, but it being shown that Cooper's
name was actually on the registration book
the prosecution on this score was aban-,
doned, whereupon Cooper made5 the? tdfida- J
jvit above alluded to, claiming that he was
prevented from voting. There was no evi
dence to sustain the. charge; and so; the
jcase was dismissed.
Subsequently to , the above proceed
ing8 a warrant was secured - by Justice
jGfrady for the arrest of Cooper,' on " the
charge of perjuring himself, and, upon the
jcase being heard by Justice : Harries, yes
terday afternoon, defendant was ordered
Qfiiy.a4.ujH. bp, n the lurnpf $2j)0.
for his appearance at the ucxt terrnof Ahe
Criminal Cou.rt, which was furnished, and
he was released from custody. ' .l
fTlier Colored Insaue Asylum at Goids-
boro.
We examined yesterday, at the office of
jMessrs. James & Brown, the plans for the
proposed Colored Insane Asylum at Golds-
boro, drawn by Mr. James F. Post, Archi
jteel and Builder, of this city, and which
have been accepted. They are very neatly
executed, and;indicate that the building '
when erected, will be an exceedingly hand
some and tasty one. . It is to be of brick,
the main building to consist of three stories
and a basement, and, the wings of two sto
ries and a basement. In dimensions the
main building will be 41 feet 8 inches by 39
feet, and tbe wings 151 feet long -and 34
feet wide, and will be supplied with fur
naces, cisterns to supply water, &c. The
site is a beautiful hill on the plantation of
Mr. W T. Dortch, , about two miles from
Goldsboro, some three hundred yards west
of where the county road crosses Little Ri
ver, the railroad running about a quarter of
a mile to the west of the west front of the
building, the location being a pleasant, airy
and healthful one. ; The building will only
have one wing to commence with. '
A Trutniui Tribute,
We find the following truthful tribute to
departed worth in the Raleigh News,- over
the. signature of "Civis" :
'.'There was no better business man in
the State than Capt. Grainger, young man
though he was; Success followed every
enterprise in which he engaged, and what
ever business he undertook. He was one of
those bold, original, selfreliant, and self
made men that stamp themselves indellibly
upon the times in which they live. He pos
sessed a remarkable combination of talent,
practical, useful, grasping and efficient to
the end proposed, whatever that end might
be. He managed, with consummate skill,
more large corporations and business estab
lishments, turning them all to successful
results, than any man here ever -managed.
Of course a man or his superior-mind and
great independence made enemies, but thev
were only trophies of his usefulness and
success, ilis mesmeric power over men
was remarkable. As a political leader he
had no superior, whenever he decided to
engage in a political campaign. une blast
of his bugle was worth a thousand men.'
His death made a vacancy that no man can
fill.
"His armies of friends clung to him, as
he did to them, .with hooks of steel. Ten
der, endearing, his big heart was ever full
of practical sympathy for tbe poor, the
suffering, and the distressed. And then he
dispensed his charities with delicate hands
and noiseless steps. Well . can it be said of
Capt. Grainger,
"Him we all mourn, his friends still heave
- the sigb.
And still the tear stands trembling in the
eye, , -.'
His was each mild, each amiable art,
The gentlest manners and the feeling heart,
Fair, simple truth, benevolence to all,
A generous warmth that glowed at friend-:
ship's call." -
VTruly has Wilmington been afflicted of
late in the loss, by death, of her best men
and most useful citizens. Within a less
period than eighteen months four of her!
brightest jewels and most prominent men
Robert Strange, Adam Emple, William!
A. Wright and Isaac B. ' Grainger have;
been taken from us by the insatiate archer,!
and our loss is irreparable. We will en
shrine in our hearts the fond and lasting
memory of their useful lives and ennobling;
manhood... Their high motives, patriotic;
services, and manly bearing will be lights
to our feet and lamps to our pathway.
While we invoke their spirits to aid ua
where responsibilities are to be assumed!
and discharged, we will also teach our
children to honor their memories and to
imitate their virtues." !
Salisburv Watchman : In his
8beech at the Bovden House Tuesday eve
ning, Major Bobbins declared , be believed.
u. e. urant would ne me itepuDiican can
didate for President in 1880. Mr. Wi
J. Edmunds, . of Raleigh, exhibited to the
editors of the Kaleigh voserver one speci
mens of almonds grown in Raleigh. Mrs.
Sarah Wilson, of this place, has an almond
tree in her yard which yields a good crop
every year when not destroyed by late frost
Her little boys gathered half a bushel from!
it this year. ua tne nigut oi ine i an
of Julv the dogs killed one sheep for Wm.
H. Boggs; and on the night of the 18th,
two for Mr. Solomon Morgan: and on the
night of the 20th, fourteen for Henry Bar-
ringer, all in providence townsnip.
Henry, a little four-year old boy, and son
of Mr. C. Sechler, near China Grove, met
with .quite a painful accident on Saturday
last. While playing with others he had his
hand caught in the knives of a patent ieedr
cutter, outline half thronerh the bones of
the hand, and downwards one and a half
inches completely splitting tbe bones to
the first joints of the band. The bones had
to be removed. ;
OHIO.
Destructive .Fire and
' cendiarlsm.
Supposed
In
dee.
Sakduskt, August 3U
Nine buildings were destroyed by. the
fire at Put m-Bayj The aggregate loss is
from $125,000 to $150,000. It is thobght
gang of thieves set the hotel on fire for the
purpose of robbery, . as the rooms, were
broken open at the first alarm v and hun
dreds of dollars worth of jewelry and clo
thing were stolen. A; negro waiter at the
Pot in Bay House is supposed to have per
ished in tbe names. '
TIXIBUTB OF BESPECTi i
Light Artillery.
The committee appointed at a meeting.of
this Company to offer a testimonial of re
spect to the memory , of Capt. Isaac B.
Gbaingeb;: report as follows; "
Whereas. We are called unon to mourn
the loss of one, who. by bis generous friend
ship and, kindness, has entwined himself
kbout ; our hearts; and whereas, we desire
to record our deep appreciation of his
worth, and our regret at the untimely end
of our - late honored member. .. Isaac B.
Grainger; it is therefore, . .
Jiesotoea. That in tbe death of Capt. Isaac
B. Grainger this Battery has loBt one of its
best friends and warmest supporters, who
lias been'; ever - ready - to "assist it by his
timely aid and kindly advice.
liesoitea, That-, we.- in common with
Btricken friends, do mourn our loss, but
firmly believe that our loss will be his eter
nal gam. 1
JKesolted, That out of respect to bis meni-
bfy,a page in our minute book be appro-
riaieiy mscriDeo, and wc :wear tbe usual
adge of : mourning for thirty days.
"Jksoived, That the Secretary transmit a
copy of these proceedings to the family of '
iour friehd,' and also furnish" them to the
icitypress for publication:
o, Jewett, -
C. M. IlARUTS,
E. A. MAJTOrr,
Committee.
TKIHCTBSTO DBPaHTKD WOIITH
I have just heard of the death, at Wil
iamsport, Penn.,-' of Mr; Isaac B. Grain
ger, President or the Bank of New Hano
iver, of Wilmington, N. C. It is bat a few
idays since he was in my office., apnarentlv
pn fine health, and with a promise of a long
kind abtive and usefut life. Who" could
ihave imagined-that he would have pre
ceded this writer "over the dark river r"
Letter of B. J. Haley Esq., in the Ealeigh Ob- .
server., -
t . .. ,i - - .- -;
The death of Cant. Grainger, so much
esteemed, so worthy in every walk of life,
nas - cast, a gloom over Wilmington, his
home, that hangs upon it like a pall. The
iunerai ceremonies were participated inljy
organizations, both civic and military, and
an classes and conditions of people united
in showing honor, respect and regard to the
dead.!
A number of flags in the city were dis
played at half-mast.
Thus were laid to rest, with fiuirnr cere
monies, the remains of one of the most
courteous, noble gentlemen that ever trod
the sou of Carolina. Kaleigh Jxews.
The profound and universal erief felt
and expressed by the good people of Wil
mington at the death of Captain I. B.
Grainger, will suprise none who knew the
man! i Wilmington has lost one of her most
enterprising citizens. In him the elements
were so mixed
"that nature might stand up
And say to all the world, this
j was a man."
. --Goldsboro Messenger.
fle i Hscredly Kept All ot Ills Prom
ises." LCorreepondencc of the Observer.
; Wilmington, August 27.
Messrs. Editors: Yesterday, at 4:50 P,
M., the death of Capt. Isaac B. Grainger,
President of the Bank of New Hanover,
was announced by telegraph. He was one
of our most prominent and useful citizens.
Every flag in the city is at half-mast, and
universal regret for his untimely death is
heard on the streets, in business circles and
in private houses. His disease was malig
nant bilious fever: ': He left Wilmington
threei weeks ago tor attend; a congress of
bankers at Saratoga; N..-Y. Returning
home he was forced to stop on the way at
Williamsport,, -Pa., ; where he died, sur
rounded by friends and relatives. I need
not dwell on the loss which the business
interests of Wilmington sustain by this sad
calamity; I need not speak of the host of
bereaved ' friends who will continue to
mourn fot him lone after tho dust has
heenl committed to its kindred dust.
bovt-tuajr npcafc- of the poor -and friend
less, j who kuew in him an ?vnr cerj
erous , helper.' The world at large
never dreamed of the great warm heart
that prompted many of Capt. Grainger's
actions. It was my good fortune to be a
witness to several of his acts of kindness.
I will give an instance. On one occasion,
in the midst of his business engagements,
the door of the private parlor of the bank
of. New, Hanoyer was unceremoniously
opened, and a poor old woman entered.
Captain G. met her with prompt courtesy.
He listened attentively to her grievances:
She had been badly swindled by certain
parties, and at the cost of time, and doubt
less money, he promised that her wrongs
should be redressed. I shall never forget
the look of gratification and confidence her
rough face wore as she thanked him and
left the bank. I am sure be kept his pro
mise he sacredly kept all his promises
and for this little act he had no possible
hope of earthly reward. As he listened to
this poor woman, and noted down the main
point in her case, the wealthier and more
influential claimants for his attention had to
wait. . : , .
Captain Grainger" had been for years a
communicant and vestryman of St. John's
Episcopal church in this city. Ia the
Church, toward all benevolent enterprises,
in every movement that, tended to advance
Wilmington, he was liberal to a fault. Be
fore he left home he had sent a contribu
tion to the yellow fever sufferers.
To-morrow, at 10 a. m , his remains will
reach this city. He will be interred in
Oakdale Cemetery. The several Associ
ations of which he was President are pre
paring to render to his memory the last
tribute of honor and respect.
He was a private in the Confederate
army. Without his knowledge he was ap
pointed quartermaster with tbe rank of
Captain .' He was brave, honest, energetic.
. and his financial ability has never been
equalled in this State !
North Carolina may well deplore the loss
of one of the most prominent and conspic
uously deserving of her adopted sons ! On
Wilmington the blow falls the heaviest, but
throughout this section of the common
wealth, his busy, active brain,- his genial
face, his boundless, benevolence will be
missed. , Cosmos.
Tributes of Respect.
We find the 1 following items ia the last
issue of the Charlotte Observer: .
: The death of Capt. Grainger, the receiver
of the Carolina Central Railway, is greatly
regretted by the employes. Though he had
little to do - with the management of tbe
road, many of tbem knew him, and ad-,
mired his many manly qualities.
. . The engine "L B. Grainger',' which'runs
regularly on the western division of the
Carolina Central. Railroad between Char
lotte and Shelby, has been draped in
mourning since the announcement of the
death of the receiver of the road. '
. Raleigh Observer: There is a
big revival going on in Samaria (Baptist)
Church, four milest east of this city. It is
conducted by Rev. Mr. Blackwood, assisted
by Rev. C." 8. Farris, of this city. A bap
tizing takes place Sunday. Revivals
have been recently held at New Bethel, Mt.
Pleasant and Apex, all Baptist churches,
located in this county, and at Johnson's
school house, Harnett county. . A deep re
likus fervor seems tojpervade the Baptist
brethren of , Wake..; A letter from
Washington, N. C, says: A rumor being
started at Beaufort that- the yellow fever
was in this place, please contradict it- There
is not a more healthy town in the State than
Washington . : 1
I'll1
HI