V ;. .... v : ' ..... .&4J i ' ' nrtiiiTJ iii in i- i'Trnrfiriii t- - - i j r -ni i 7-- fTi-Vfltr r J ' it J"1 . : - . ...... 1 p nil ' -' - ----f -r f--i: - 1 - 1 ininan 1 '.- - , v-:T.Ty.r. aii 1 ..1 ft. 1 - ti iTr " i-' rir:iii .ii .:.., a J-.... . . - - ' '' ' " ; mm ljc 15 Nortlj State HAMWUUUr. FKlPir.MOV.5. IHIitf. IlKPL'MATION. YV would auk ili editor of th Old North Stale if he think the ienplo ovpht to p.-iv a i, which wan contracted in utter violation of cuRsiuuUunal la and authority? WituUrn . - ' '. I11 answer to (he nbovewe, last week, referred tin. Srntiiui to other artirK which wa had writ- 1. n on tha ii!ject . Since Uiat lima, however, wa aee that the StnUiuTi qSieation haa keen cop Id by the Greensboro' Patriot after the editor of that paper mnt have eco ull of our article on the subject, and, we (tope, read thetn. We will therefore aiurwer tha question directly. We say that tiie State is niomlly bound, a an act of natural justice, to pay the amount thirl, r'f art wily realised on the bond, be it much or little, whether the bond war issued under au thority of law or not ; though tho Huprcmo Court haa dcciiled that $10,000,000 of thcui were i.vn. l by projier authority. Tho State may nut Ik bound by a contract which it made hy her agent without ooDxtitiitionai and lawful author ity, but she ix liound in reacinding the contract to be giivemcd by equitable priiiciilca. We would aik the editor of ili- -it, !i. !h er, if hi agent nhould borrow $1.0t0 from the editor of the Smlinri for hi, the editor of the J'iiiriif, own ue, on dUadTantagooua term, witliout having been properly and legally ,au thoriaed by hint to do so, he would consider hiinelf jotiied in refining, ujwii the legal quib- Mi, to pay tho bond, or any part of it, executed by hi ogent, or pretended agrtit, and yet retain the money in hi inn pocket and for bi omi vh f If o, he ought to favor the repudiation of what U known a thonew State debt' rea- anning from hi tircmiae. But wht would the editor of the N- iaW think of himhoold the ed itor of the Patriot take that view of the transac tion which liia agent, or pretended agent, had concluded with the afore aid editor of the &ati aW? He would, doubtleaa, amy : "I rcoognixe tho right of the editor of the Ittriut, under tho ircnmtanoe, to cancel the transaction on equl lable priiiciple,Jmt for him to keep tho money rtvriivJ 0 me, and refiine to pay me nay thing, in little better than robberv." And no every hoiKirahle man would aay. With the editor of the Sr'M U would he the old utory, "ao it is your bull that baa gored my ox, &c, that altera the caw." And we would further ask the editor of tha Patriot what he would think of the editor of the Aiitinel, should the said editor of the Sentinel, K ing twenty yar and eleven months old, bor row a large sum of money of him, tho said edi tor of the Patriot, executing hia individual bond therefor, and afterwards repudiate the debt on the ground that it waa contracted "in violation of I'm," or, in other word, plead infancy J Let t hi editor apply their teaching to thetnuelves and they will thereby become the better able to JllOge or fllrfr roul ohamoter. We have xhown before that there is no imper ative necoMtv for the repudiation of the bHste'i J.La 1 J IA- M nai n. . a . m uoi, oiu or - new. 1 ne estate stoct in va- ri.m work of internal improvement, and the many oonus wiitcti sue notos on certain corpor ation, could, uudcr the management of an up right and able financier as the State's agent, such a man, for instance, as Gov. Graham or I, G. I. ash, de disposed of in such a manner a to jKty almost the entire old debt. The "new debt," funded at the sum realised on it, would not amount to more than aix or seven million of dollar. And there can be bnt little doubt that emii funding might be effected with the consent of the holders of the said new bond. Iu view of these facta who can favor the poli cp of repudiation? Jfo intelligent man who haa the interest and honor of the good Old North State at heart. The idea of repudiating the na lional debt seems to have already been abandon ed by the author of the movement, add that of repudiating the old State debt will soon be aban doned likewise. And if the people of the State are alive to their truo interests they will frown down the proposition to repudiate the eqnitable debt created by the present legislature, though they may cancel the contract on the ground of the fraud perpetrated in its creation. THE CHATHAM AND OMAN'UE TUoL- We are It stated that Gov. Uoldcn has np poiateU Thomas It. Long one of his aids, with the rank of Colonel, and ha sent him on a pa cific mission to tli comities of Chatham nnd Orange- Ilia minion I to properly represent the view and feeling of the Governor, nnd opna pos the troubles hi those counties without send ing the rollllia Into them. 1 So far as the object of the Governor goes we approve of it. Kvery effort should be made to compose the troubles without a resort to armed force. Lideed we do not think that an armed force can be justified until the HberifT of the counties report that they find it impossible, with the whole force of the counties, to execute civil process and arrest the offenders. Whether such report has been made we do not know. But while wc approve of the coarse of the Governor in instituting such a mission we think His Kx cellencv ha been raort unfortunate i tbeseloc tlonofhi representative. He ought to have selected fur the mission a nun of high character, one who would have eornTnaiided public confi dence. Such e man a the representative of tho Governor would have becu snccessfnlln the mis sion, and we hope that Col. Long tavj he suc cessful. Hut there Is certainly no strong grounds upon which to base audi a hope, as Col. Ixing does not command the confidence of at least one of the political parties in those aqsjla) and, perhaps, not all of the other. That n proper man could have been found who would have un dertaken the mission we have no doubt, if the proper effort had been made. CONFEDERATE CONTRACTS. The Supreme Court of the United States has decided, in the case of Tborrington against Smyth and Hartly, that a contract for the pay ment of Confederate notes, made during the late rebellion, between parties residing within the Confederate States, can be enforced in th Courts of the United States. The Court further de cides that "the party entitled to be paid in such Confederate dollars can only receive their na tural value at the time and dace of the contract in lawful note of the United States." This case was heard on an appeal from the Circuit Court of Alabama, and the decision of the Court below was reversed. AN OUTRAGE At the close of the late term of the U. S. Dis trict Court at this; -place, in August last, Mr. Starbuck, the U. S. District Attorney, came to us and informed us that a quantity of property had been condemned to sale in this Congression al District for violation of the Internal Revenue laws, and that in drawing up the decree for the .sala of it he had directed the Mnrshall to adver tise the same in the Old North State for the space of twenty days. We thanked Mr. Star buck for this act of kindness and, of course, ex pected that the advertisement wotdd be made in our paper. What waa onr astonishment, there fore, when we saw the advertisement in the Dai ly Strmdurtl. The space it occupied was a little over half a cohrmn, say fifteen square. Its in sertion in the, Old North State for three weeks would have cost the Government $30. The Deputy Marshall, who made the sale, inform 11s that the StandurtTe bill for the advertising was $113.50. The Old Xortk State haa a good circulation in the counties of Wilkes, Davie end Yadkin, where the property was to be sold, while the Daily Standard has scarcely any at all. wiiy was it that the decree was not allowed to stand a t was drawn by Mr. Starbuck, whereby the sum ,f $V.S0 would have been saved to the GovcriKji'-nt, while the advertising would have lieen much more effectually done? Did Judge r.roolcs refuse to mske the decree, as desired by the District Attorney, because of his dislike to us for exposing his conduct in the matter of the bankrupt printing, or waa it the fault of the filwrloT He eertainly nrott knew thMhe wis at liberty to have the advertisement made in the OlU North Stale if he bad desired to do so. He nwst know that when Senator Abbott moved to add a claiaw to the present appropriation law similar to the one in the last law, whereby the Sttndard securl all the printing of that charac ter, it was rejected after a vijrorons speech againrt St by Senator Anthony of Rhode Island It is now discretionarv with the Judge, we admit, to TIIE FAYETTEVILLE AND WESTERN RAILROAD A member of the engineer corps, writing to a friend in this place, under date of ( Mohcr 26th, sty : "We fiuished our line a week ago. "Wt found the back line, (the line by r.rinr'' Feny) cheaper by S11W,055, and 5 1-10 miles shorter. The line by Silver Hill will pro bably never be surveyeil, as the country is too rough,' nnd, consequently, tho line we present is a very fair one for an estimate. We are now going to run a line by Carthage to Ktokca1 Fer ry, and bipe to complete it by (he 13th of Nov ember for eec!lri r.etion ey the Legislature." There can be Lut little doubt that the line just completed by Rringle's Ferry is tho one that ought to, and will be selected, should the road be located at Salisbury. Why ar? not the peo ple of Rowan and Salisbury arousing themselves to action in tbismatter? Havethcylostr.il inter est in the project ? Have they determined to li still with folded arms and let ethers' carry off the! prize T Are they prepared to allow their cc, ,iin to be cut Oil ami tiiemseives to oesiarv coiumuive. It is that without which they sick en and die. It stimulates the fanner to increase his crop. It causes the manufacturer, the me chanic, cvorybiply, to extend hisoierations. "It blesses him that gives and him that receive." r . in , jiii , . 11s u u nccaxinu uiiuiitu neius, mis spin dle, and unused tools ; shuts up work, hop ; oteses tee uoors or tne toraliooc causes rail mads to go to ruin : tills tip canals: Icavescoun trv roads to be washed into gullies by the rain ; allows grab to grow in the streets; and, briefly, rum - tho hole country. And there is uo pcWblo way of a voiding these resuit. The foveriunent would bo nono the richer by rcpudiatini; the debt. It would lose on the one hand more than it gained on the other. Th leU in cresset, tie annual cost of the internment, sntl tticrclore tlie annual amount of our taxes, by one hundred and ihit tv millions of dollars. The sppropriations msde at the sec ond session of the h unlet h Congress amounted to $in9,397.120. No one needs be told that to repudiate the debt, and thns to get rid of paving ?i.;o,Umi,(k.j annually tor Interest, wonld be a costly operation, since every one knows that th do so wonld be so to Injure the credit of the Government as that the cost of carrying it on would be at least double what it now is. Thus the service that now costs $1611,000,000 would cost more than double, at the same tune, the ability to pay taxes would be reduced to more than naif. The Government i incorporeal. It can neither sutler nor be benefitted by repudia tion. The people would sutler. They would I 1. 1 ha. 1', or all, their poasessious, whilst the (Juvernraent would 1 a n 1 e bin. Thctiovcrn ment, in fuel, iu thi xense, is ourselves; and we cannot injure its credit without iiguringourown to a greater extent The credit of the Govern ment is measured by our ability and our wil lingness to tmv its debt. Our ability to pay is dep. ndem 011 its credit. To refuse, then, to pav its debts is simply to refuse to maintain ourowu credit. , Hut might not the debt be paid in greenbacks? ft might, bnt the same romtlt woujd follow. The banks would have greenbacks instead of bond', for their capital stock. And how much would depend upon th opinion held by the public as to tne wiilingncsvaiid tuc aUIity ot theliovcm ment to redeem these greenbacks wilh specie. And sire to iwy.'.the debt with greenbacks would lie partial repudiation, the Government would be dishonest, and suits areenbacks would to say the least, lose more than hslf their Bee- asm tmrcuaing power. Inasmuch, then, m the object of paying the debt in greenback is only to save the tJu rty per cent, which gold is worth more than they are that 13 to say, an iweniv-onc Hundred million.- in honds to cavo six hundred and thirty million of dollars and as the greenbacks would depredate in conso qoeuce of this at of partial repudiation by at least fifty per cent, it is evident that in thus sav ing six htmdjvd and thirty millions in one way wc should lose over a thousaud million in an other, and would also debase our circulating me dium and destroy the prosperity of onr coiuitry. lho argument lead to the conclusion that Fr Governments as for men "honesty is the best policy. The saying is not always true as to men, taking it to mean that hooestv promotes their mat -rial intcrert fctCT8B tnefr wealth, enriches them. Put it is infallibly trnc to Oov- crnnientajtwt as true as that the sum of two and two is four. It is absoltttclv iniroa- point and South of It ff the Tennessee and Ohio Road is finished to the Virginia Road we sic cut oil' from the freight of Charlotte and it neighborhood, besides losing all the freight and passenger whleu wc now ret from the N. t . I U. If tho Wilmington, Chsrlott and Ruther ford Hull Road is liuished to t harlottefrom the east and beyond Idncolnton in the west, we are arin stripped ore lar;;e ponton of our rielghts. Wc will 11I-0 have . ..miietition for freiirhls in tin- Fityetteville Road when It is completed to SahsUurv or t mensuoro', as (lie case may oe. With all them' complications and competition how is it possible that this Company can ever realize more than six per cent, on her stock T Up to this time there Las not been more thau one legitimate dividcud declared. Nome sim pleton signing himself "Rowan," is ambitious of . .1: .i..Ti. 71 1 1... j ... ..,1..... UIIIIUIIICIIIIIU linj IH1UI1I , .1JIU 1IU UWB PW iiiiiv- 1 v :" he declares that two hundred and forty thousand dollars annually la only two-and-s-half per cent on a capital stock of four million. If he would but totally reverse his style he would lie invaluable as a financier. President Grant should nt once mukchiin Secretary of the Treas ury. Such great ability should not be lost to the country. Docs not Gol. Rowan know that whether the Road is leased or not its debt and the interest accruing thereon must be paid ? Row sn was a Director long enough to hare learned this if ho i capable of learning anything, which, in the face of his article, become a ques tion of cri doubt. Hi premises are false and hi conclusions are necessarily ao. Hia great alisorhing idea is his own selfish interest. The Cot, owns property at Aforthtad City, and has consolidation on the brain. Put your dty in tbe back ground, 'nl., and then say what yon think of the Jesse. Who is it that opposes the lease? Is it live stockholders? Na Who is it then that claims to speak for the stockholders and the people? Why the Raleigh Srntiiui and tbe Kslcigh Standard both of which I understand are owned bv tho Generals of the liiag. lb atneahoiuete and people can draw their own com In -i. us. Mr. Welker and others are opposed to the lease and in favor ol selling. He said in prisenc-j of me to-day that he was sorry that ho did nut advocate the sal of the Road at the last meeting of the Legislature, and that he would do so at iu next session. Our bonds are .ilmo-t wo;-l!i1i-. only bringing thirl) -eight cents on the thick market, with interest added but we will say forly cents in the dollar. One One hundred and eighty thousand dollars in 1 a h would buv four hundred and fifty thousand dollars in bonds, and hv doing this every year you would reduce the debt in twenty years nine millions dollars, thus saving the down-trodden people of North Carolina out of their own pock ets this nine millions dollars, besideaevingthe stockholder snnwslly sixty thousand dollars af ter the iltht of the Company i discharged, which can bo done in two year from the pro ceeds of the lease with the assets on hand. This cannot be deuied or proven to the contrary, the financial ability of Col. Rowan to the contrary notwithstanding. If this lease is such a had thimr let thestnckboldirs lease the State's inter est at the rate proposed. It is strange that some of the many financiers who arc coming to the reef of the stock holders have not proposed this. The real financiers of the country men who deal in stoclis, and who have large experience in UMD pcrUuun" to Ihtilrnad think the lease ft good thing. A ntotiTh ago and yourstock was Ing the well established principles of tbe 00m- uiou inw, relative 10 toe exoneration o; bail ma sin-si 01 me principal ov them and onr own established doetnne rendering the Sheriff name as special ball on failure after arrest to give or justify bail with several important modifications oue providing by see. 161, Unit Written for tin Old North Slate. Na VII-THE CODE OK CIVIL J'KGOE- DURE. AIMST A Ml It All.. By the common law which prevailed here. on the settlement of the country, when a nartv 1 " imprisonment in the 8tate prison of a de desired to bring suit be applied lor and obtain- eudaut shall exonerate bail and with reference rd as a matter of course, a writ commanding I to the Sheriff's liability, extruding it by see. me nnerin to take tbe bw.ly of the delcndent 1 f 1, to a rescue as well as .escape after arrest snu mm ssiely keep to answ er A. U. of a plea "d sut j cling bail excepted to, a ho shall re ate., and after judgment the plaiutiff wss enti- luaojo justify, to an action at the instance of tied to a Oa .vi : br force ot which the defeu- the sheriff, sec. 173. As to the provision with (lain was put into close prison and there kept reierence to the exoneration of bail hy reason practically W he paid the debt, though the of the imprisonment of the defendant it will be Unguage of the writ naa "so that he pay and remembered by the profession that the policy u.iir.. o 'l'i... l i. . m .1 ' ."I . ,.r .....1. . n il, i .1. . T 'iic iiumaniiy 01 inc Legislature I esasss.s prvyiwoii wss aiumeu io snu uiscuss stepped in and so far hioderated the riiror of ed in the case of Granberry vs. Pool. 8 Dev the old law as to aHow eettain defendants to l'r""' The pnvision making Sherifis liable a wa ine ueneui ot tue prison bounds. In the I oau on rescue is a just coi roiary irom toe pow oourse of time a radical change in favor of lib-1 er call oa tbe power of the Court to efl'ict erty was enacted, hy permitting the unfotto- " arrest, see. 155. nate debtor when first arrested on a Ca Sa, to I H may be as well here to allude to the Ca give bond for his appearance at some court and Sa provided for by the Code. Noexecution hmher allowing, on ten days notice to that ef- against the person can be issued unless the ac- Icet, to the creditor-plaintiff and any others ttoo be one in which the defendant asight the debtor to take au oath of insolvency and Dave been arrested and waa arrested,- except be discharged from further arrest, at the in- that, being such a case, the complaint contains stauce of tbe creditors notified, unless at such statement of facts showing one or more of Court they should tender specifications of ln cause of arrest provided for by section fraud: that upon so doing, issues of fraud were I HO, and even then not till an execution made up tinder the direction of the Conrt to be against property has been issued and returned submitted to the decision of a tnry. If on the unsatisfied in whole or part, sea 2W). But if trisl of such issues, the verdict was for the de fendant, he took the oath, as if no issue had been made up. If for tbe plaintiff or creditor tendering them, the judgment was imprison ment until the debtor made a full and fair sur render. Thus the law continued until 1867 when the the foregoing condition or requisites have been complied with, the form of the execution re quires the Sheriff to arrest the defendant and commit him to jail until be shell pay the judg ment or be discharged according to law. sec 261, snb-div. 3. This provision is a literal copy from the New York Code and while iu Uble that a Uuveimouit can wander DaMj fioni not sought after, and when Ton lotind a pnrcha- the path of honesty. And as to the people thev i sr-r von were furiosi to hc!1 at a ruinous fienre. staud to the Government as th members to the I Tha nmior of this lees? doubled your stock in belly. To repudiate the national debt would be I value, nnd every ttock denier grew anxious to for the memlicrs to refuse to feed the belly. purchase, and should it become a feet there is They would die with the belly. To pay the I little doubt but it would ro to seventy cents on debt in yeTtb.'itks would he to stuff tho"fcellv Itii uuvholesome food. Read the fa Id and profit by it. KENT'S OFFICE, ) BAn.nb.an Cohpasy, fcihojw, Oct. 22, lt9. J ed without making au effort 10 prevent it? In tccordance with tl o rule - -men governs u in such matters e give place to the commu nication of "A Tax Payer," Low La via Coun ty, but do not endorse his victs. ludjed, un less we editorially endorse them, we are ncver respousible for the views of our correspondents. 8EXKIJJLE. The paragraph below from the Richmond En- fuirer, u one cf the most sensible we have seen for sol- tlaao, end applies quite as welt to this State a Vugiiua. J"d e are sorry to say that there are same ec'itors, r ; acll as "some people," whose "idea seem lo bj th i r. .st. paper is in some sort a terrietdog postct! r;i: strict cor ner for the purpose of barking" at rh lever ay displease tbem or ther friends, aad whose con duct is too much in keeping with that idea. "Some people seem to fhijik tlisf the special mission of a newspaper is to "p',cn nW they elegantly phrase it) whatever person or tiling msy be pointed out to the editor asObnox ions. Their Idea seems to be that a newspnr is in some sort a terrier dog posted at the street corner for the purpose of barking whenever any body sets it upon an object he hates and wishes to wrong. Kow here is an snonvmous writer who sends ro grave rharwtt nbo.it theCifvCouri cit's action in the matter of paying the Cbiumis siouer of the Revenue for his services in assess ing the real estate in this city, and want as to "pitch into" the Council about it. This anony mous scribbler has the impudence to say that bis note is "an item for an indrpendmt newspa per (if it car oejonuai; meaning io insinuate that the press mis city is not independent. Our reply is, that wo arc too "independent to publish a communication from an .-individual who has not the manliness to sign thi name to charges which he prefers against another mat) or set ot men. . , 4 PRESIDENTS OFFICE, XciKtii Carolina Company Shoj To th StirLKotdert of the North Carolina Railmail (bmp'tr.v: Gestlkmsw: A few facts aad figures are ne cessary to refute the fal a charges, cscrtlonsand stnUiiiontH of varioi-.s editors and others in rela tion to the proposition to loaso. the ISorth Car. the dollar. This fact is a powrrfnl refutation of the iily theories put forth against she proiect. These old stockholders, who haveowued stock since lle completion ot" the Road most be at a loss to hiKTv what ha? become of the great profit-1 of the JtoaJ if the figures given by tftcse news i apei and their oorrestiidents are correct. Wiiat diil Mr. Turner do with the three hun dred and sixteen thousand dollar which he ciairus as uett profits during tho year he coin- trolled (he loaL True he and his Board of Directors declare 1 a six per cent, dividend, but aid they pay it in casii. .No, it was payable in Legislature marching up to the advanced ideas forrn t t obnoxious to the criticism of consti- that had so long oluaincd in almost all of the luting according to Uaston ., in rmley vs. other States, at one blow swept aw ay arrest in South, 4 Dev. 05 "a squeesiug caaa:" and by actions arising out of cot. tract by a ca rs : or that decision would have been held prior to the ea as ; notes the plaintiff should make affidavit, adoption of the Code, a nullity, yet being de adlier, 1st, that the defendant was about tore- olaredaoexecotion.andthelanjfiiagebeingpre move himself beyond, the limits ol the Slate, or scribed !y the Code, it is appteht-ndrd that it id, thst he Was about to remove hi piopcrty wdf he upheld as a valid execution by our So beyond the limit of the State. Vide Acts of prf meCourt and be regarded as if it read '-o lSfifl-'fff, eh. ($3, p. 85. that" instead of "until." As our law concern - This act is still applicable to all actions pen-1 "g Insolvent debtors baa not been repealed, 1 ding at the adoption of the Code as the provi- apprehend that fat least when no uniform sions of the Code touching arrest are con lined Bankrupt Law is in force tbe defendant on be in express terms by the tanguaee of 8ec. 131. iofC arrested under such execution would be en- to actions commenced after the ratification of titled to give bond and the case thenceforward the Code. My comment will be addressed to I would be proceeded with according to our in fhe provisions of the Code. sol ver.f debtor e Aet, Rev. Code, cb. 5ft. The cases in which an order of arrest mav IMeesre. wicbols Oormau, ot Kaleieh, are be applied for, are enumerated in Sec. 140, and einbrsce in their application actions for torts and frauds prowing out of contracts except where it is alleged ou oath, that the defendant If? AD VEtTJSJCMkNTs. $25,000 Worth of GOODS ! JISTARRIVED FROB SEW YORK! ! THE MOST COMPLETE STOCK of goods ever offered iu this market at pr.ces to suit the time, bought for CASH, and after a heavy decline in prices, whereby they can and wiu. be sold lower than any ia (be mar ket At Hoicerionn. Fancy and Staple Dry Goods of every de scription and vanety At Howtrtnn'K An elegant assortment of Boots and hoes .11 Uv tret ton s . A splendid assortment of Hats and Cap At IhwtrUm t, An assorted lot of Hardware and Cut let r. At Howtr ton's. A very superior lot of Queensware, China ad Delf At ilomrltm't. All grades of Sugar, Coffee, Tea and Molaa- '- - 1 'At Hovoerton'. A Choice lot ef Con feet torierie At Hou.tr ton's. Fine and Common Tohac-eo. tnrpertetl lis- . vanna, Rialia, Principe auJ U.S. OrasH Ci gars At llewettons. A complete assortment of Liquors of all kinds arid grades -If JJowtriun's. For lfedicinal purposes only Moore's cele brated srveis-year-old-double- rectified - Kentucky-Whiskey perfectly pure, At Ilowerion's. lias Rail Road. I will not trouble myself to .twenty year bond of the Company, which plu- torialnof n.en who I ced the corporation yet deeper in debt, and this THE NATIONAL DEBT REPUDIATION We have among us a flew demagogues -ho strive to add to their own importance and ad vance their own interests by I advocating what they suppose will be popular with the people. Tliey never stop to enquire whether the meas ures advocated by them will redound to the good of the people, nor do" they care whether they will or not. Among these are some of the the advocates of repudiation. They propose to repudiate the National debt when the applica tion of a very little common sense will satisfy every one that such repudiation would prove to r the ntter Twin of the people of the United States and especially of the Southern State. And the repudiation of the State debt would prove equally ruinous and destructive in its nl tiniate conscspat-ncos. ' f this no sensible man can doubt who enosiden the matter with a mind free from passion and prejudice. The following article from the Richmond answer in dstsil the many edi know uotbing ot what they write, who rncr.e as sertion devoid of proof, and point to conclarions not jus tified by reason, and who have In all their writing showed no ability to Inn II the subject, orgiv? information to tbe public. First: The Sentinel assert; that the Directors had esfeoi'ed and delivered a certain contract to lho IW '. :.. & fiaston Ilailroad Company, tearing ths X C. Railroad, not subject to the rtti'ui.tiin cf the stockholder. I do not pro tend t.i gr-c his exact Words, but this is the htil- stance. f he statement Is utterly untrue. 1 here are the facts : The Directors authorized me to enter into contract with the Raleigh A .a-tmi Railroad Company leasing the North Carolina Railroad at not less than two hundred and forty thousand dollars a year. L of course, would gel as much more as possible, but wa not authorized to take less. I have not signed, scaled and de livered any contract, but have been waiting for propositions from other parties, with the view. of accepting toe hi - hr - t ' id. if from a responsi ble rouice. intendiiir to close tha contract with no onepntfl it was ratified by the stockholders and for this reron the "lecting of the 11th No vember was called. Why, but for their endorse ment did the Directors call a meeting of the stockholders. Wc will notice Mr. Turner's administration. which 1 am free to confess was far more success ful than any previous ona had been, and a dis position on hi- part to parade it is really par- ut-nable. 15ut it waa not altogether so profitable, to tne corporation as he would have the public believe, tie asSers that during the fiscal year hi adwiniairation the Road cleared three htn- . . . . . . i . , i dred and six teen thousand six nunurea ana. w be) noticed on pages as stated : .1 ....... .1 . . J.ll. u nnrl mill I'.iiim iviiiIj I I " i rn I -eie iil uo i ii - .... w.. ....... . . ua Tirotwd to prove Jii assertion unfounded.- We will take the annual report of Mr. Turner1 administration, and examine on pages m and 4--, and it is plainly shown that the Receipts from all sources were $-V?5,411 09 The total expenses 608,520 43 Leaving as nett income $ 76,884,56 ' Cpou the rtrength of which bi Li eecters irave von Scrip Dividend of $240,000 00 'c;ii was only worth in averaireof about seven ty cents in the dollar, or less than five per cent, was really the dividend. But the cry is raised that others will g.ve.roore. The following telegram will explain itself : Cosr NT .-uor. October i39, 1869. R, R. BsmoEBS, ltt'l. W. A W. R. K., Wilmington. N. C.: f am infnrmsil fiat, you lisve authorised certain eJitoisof 1 1..-state to sy that your romp")-would pay tor tl.s l-n of "tho Ol!h Carolina Kail le.sd three liuiniied t .-and dollars per an anm. anil that you had the authority under your charter to m-ikc-the contract; and that yon were reSdy ijr Ith collateral to mske eoodyoar part of the contract a published.1 I ihfiirmeil you before the directors of thi Company took any action re garding ths lease that such a project wss oa foot, thst. proposition were pending, and Invited yon to make s bid, and sssnred you that itshould he considered . I now i . -; . -. 1 1 the invitation, and ask for your bid, anil the authority ot your Compsny to eater into contracts of this character, as Ism determined, if the (esse Is awoe. It shall b to the hlgliei4 bidder. If I have any influence in the matter Aowcratonce. tSinedl . A. SMJTII, President N. C. R. R. Co. At my request Mr. Stags, Secretary and Book keeper of this Obnftainy, gives from his books a statement showing ihe Income and Expense of your Koad for the last four years, which speaks for itself: . - Offto e. N. C. R. R. Co., Oct. 2f, 1969 Maj. W. A. Smith, Presidont: Deer Sir At your request, for the mfnrma tion of stochholders. I itive below the total In . come aad expenditure for four years, as shown in my reports, commenci ng w ith rejiort Mav 31, "7 3806, aiio closing with report Hay 81, 1869, provided with well-drawn forms appertaining to arrest and bail It is to be regretted, that, oy iooctusj.iv following tho text of tho JNew 1 ork Code, in euscting by sec. 151, fbat the has removed or disposed of his property or is provision of the chapter concerning "arrest i .. . . . . . . . T I I . 1" I i . I . . I. l r l snout to do so with intent to defraud hi cred- "u awssaaa sppiy io au actions wmcn itois. When that affidavit is made, the order I might be commenced after the ratification of of arrest can be effected, without refet ence to ! Code, and (by eec. 2C0) that no ra ta should great care to meet kiVERY WANT, the cause of actum. It will thus be observid ,3!-ue "mess an orarror arreft had been served, that with regard fo all classes of action other or t"6 complaint filed exlubited a cause of af than contract, the principle enacted by the I rMt under sec. 149, the highly intelligent and Code is identical wilh the former law a the 'earned lawyers who compose the Code Com abolition of arrest enacted bv the act of 180C- mission, should have produced an unjust dis- '67. was directed nnlv to actions ex contractu, ciimiualion against thoso creditors whose suits With regard to the latter, there is this distinc- W'rf be pending at the adoption of the ... . tion, viz: that under tbe provisions of the Code. For with regard to such cases, no or- 'T- oer ot atresi could tiave been served and by tbe then loose practice there were no declara lions filed in such cases and if there had been it would havebeeu purely coincidental, if the acts staieu should nave constituted a cause cf arrest as pointed out by section 149. So that practically, it comes to this: If A. and B hold cotes ou X, each dated 1st of January. 1867 A had sued prior to tbe adoption of the Every variety of Yankee Notions, .df llowtrlon's. In fius his stock has been selected with re to meet EVERY ' I Call and examine it it will not cost you anything to do that Bui Don't Ask for Thotto is "PAY AS YOU GO. ' Code, a parly cannot be arrested on tbe ground nf an intention to leave the State, nor lor an atlenipt to remove the property beyond tbe limits, unless with the qualification, that it is done, "with intent to defraud his creditors." The Code, however, has provided a different form for effecting the arrest than that which prevailed under the old system. It has been stated that under ihe old system the arrest COUNTRY PRODUCE nf tvery description taken in exchange. was affected before judgment by a tnpim ad Code,and B afttt and X should have subjected respondendum ami after by a Cn Sa : and this was not changed hy the act of 18bG- f, but it is apprehended that by force .of sub-dit'a. 3 and 4 (the latter as amended) of sec. 8 of the Code, the manner of effecting arrest, as point ed out in the Code must be adopted in all ca ses. That form is by an order of an-est as dis liriguished from process of arrest. This was necessitated by virtue of f-ec. 70 of the Code which declared in . mandatory trims that all civil actions shsll be commenced by the issu ance of a summons. Thst and that alone con stitutes mesue process under the Cide system ; when issued a cause or suit is constituted be tween the partie, and every other proceeding himself lor arrest, as for example, by removal of his property B could obtain his order of ar rest and after judgment his ea SftVi whereas A could not obtain an order unless he was about to remove his property "out of the State," and consequently would not tie entitled to a ea sa. as As action comes within the inhibition of sec. 151, as "pending" at the adoption of the tXKle sud by sec 8, sub-div. 4, is to be coy- n nod in respect to the practice and procedure therein up to and including judgment by tbe old law whereas, with regard to B's debt, though embraced by the terms of that sub-division, yet, as the action is commenced after he a loption of Ihe Code, sec. 151 enacts that up (o judgment, must of necessity originate by ,he provisions of the Code concerting arrest h2S-S35f order. Here w'e perceive a 'decided advan- andWl ss.fi apply to it' Into tie duU-m' nun i oiu express we unanimous voice ol the profession in stating that, in view of the decision in Jacobs vs. Small wood, it is highly desirable that the vaiious distinctions between Bank Notes and Specie taken at tho Highest Market Rates, At W. B. Kowerton's, SALISBURY. N. C. November, n. 1 S09. 44 O.n how iKTKCTtt nrrnn tvfct DYSPKPSIs. THI WHOLE ST0BT IN 4 NCT-SUKLL. The office ef tlic stomach Is to conyert the food into a cream-like semi-Bald, called ( urns. This is effected partly by the action of a solvent, called tbe irsstric juice, which exudes from the contour af the stomach, and partly by a macliaaical movement which churns, asit weie. thetlittolv- av mi. passes from the ctonutclt or entrance t fh hovels. where it is subjected to the action of the bile, and the nutritions portion Of it converted into a fluid called Cbvlb, which eventually becomes blood. Mow, It is evident that il tbe (treat solvent, the jj i u- i -j . I RMinc juice. in iiui. uruQuyeu ' suuu itm qusiulTV. o'd debts and new debts,actions pt-nding at the Sr if the mechanical action of the stoma, , is tot vantage over the old system : for undei it, the bail often became worthless before the suit' was ended and after' bail had once been taken fresh hail could not be required. Under Ihe new system the plaintiff can obtain his order at any time before the judgment iu the actioti is docketed. Sec. lo.'l. The manner of proceeding i in this wise; immediately after the summons is issued, or at any time afterwards, before judgment, the plaintiff files an nfttdavit (see sec. 151) with the Cleik or Judge, stating facts from which ilean be judicially inferred that they constitute one of the causes of arrest enumerated in sec. 149. find also execute a written undertaking with .uratix in .t het 4inn tn th effect iht if thm I believ in" as 1 do. that thev are anxiously de- I the fluid to completely dissolve the tood. Thev al defendant recover judgment, the plaintiff w.ll feliM- of Uws, as near per- ZsXffm1.rrS on of the ar- W" iV. to rednee the food to a homoreneons mas Thev adoption of the Code and those since instituted, should be repealed, so that while we have the Code system it may operate uniformly and aiiKe as to an. j nese distinctions are. as we experience daily, opening up unnecessary sour ces ot litigation growing oot of construc tions of ihe Code and making "confusion worse confounded. I earnestly trust that the Com mission will take the hint in the same spirit in sufficiently brisk, the first process of digestion wilf he but imperfectly performed. It is also clear tin t if the liver, which plays such an important part in changiiiK the notirishinir portion of the cl.i me into toe material of the blood, is congested, or in srv unnatural condition, the second process will not lu thoronghly accomplished. The result of the two failures i dyspepsia, complicated with biliovsress. The mode in which HrtSTETTER S BITTKKSol- cinic in niicii eases in hop; iney llivisor lach, which lular membrane of the stomac orate the eel evolves lie which it is suggested-! hat of sincere kindliness, j gastic juice, thereby iasanng an ample sufflricncy of AVhicli left his administration in debt- 1 S So much for my friend Turner. 1 will now notice briefly the remarks of my friend Pike. He came mst with atWming hcad- inc. "Conspiracy to lease the North Carolina Kail Koad." Mr. Pike goes on to argue that this will make a gn-at throtuh route North and South, and -i s it would work a loss to tbe Com pany of sixty or one hundred thousand dollars a yenrv In the first place we want a great through route 'hmu-.il the State. It will enhance the value of your property and build up your Stale. His argument is the strongest I have seen for the lease. But as to losing sixty to one hundred thousand dollars by the operation let the figure above cited sjeak. He sfate that if this lease is elibctcd "up goes the freight and passenger tariff. Head the contract, Mr. Pike, find out something gvh:it yon write about, nnd you will see that the tariff oil frcipht and passengers can not be increased. And Mr. Welker report that, he teas eot notified if tl.i meeting of ihe Board, and therefore there r.:t s- tnelhingwrongon f( ot, is the inference intended. Now, Mr. Welker knew 'that this was a repular meeting established hy the By-Laws of the Company. And this be ing an important meeting, notice was sent to hiro. , JrbissrticIe.sllU'lcs .to the building of another Koad from JlklciiJi ; he evidently means the $163,115 34 PUpatch we corn mend to spch of onr readers may not bet entirely satintkd on the subject of national repiidiatu.n if, by poR-ibility, we may m.k .I.). rail.r.n(:in in whatever l-auers he ,v Un hnw can he iustifv himself, if ! PP , h a readr: it be lib fault, in making this one in the ijfand ewil agalnai the advice of tbe District Attorney, nt an additional cost to me wovernnicm mssjsac fifi, except uron partisan grounds, we cannot un derstand. S f any explanation of the matter can be given by those concerned we will takeplevurein pub IWiing il as an art of justice to them. (Jovt rnor Haves' majority in Ohio thi vear. v. ith bat ninj eouuties unofficially re- p.. 7,Z)l. or a gain of 4,60d over his lui-p-iity in ltC7. Whv should we be in favor of paying the na tional deH ? Because; hi a word, it would be to our interest to pay it. All the currency of the country ihased upon the credit of the 0"veTn ment. Tx-stroy that crtJit, and Von destroy "the mean whereby we live." Tire national banks have invested a largo, part of (heir capital In the tends of the Government. To repudiate these tend so a? to m.-ke them worth only half what they arc now Worth," would be to damage ihese baiik irremedial ly. When the Opvcirn- m. at ln!l have kt its credit, greenhacks will rj gs n a si? s K Se? S Z 13 O S P c i - to 15 oo 2 ,5 IB 3S o o - -5 ' . s sf e'r S 2 :f'a E M 0,0 S St . , s 3 H ' " T- .e 52 w '3. ES . "S 2 1 3 ' f"1 i-eosroo -e j.a I I23S . . ll t sjrs 9 - P e S i s gJclj J . g ei 3 j 1 fl 2 ilSS n - - gK j , J " sjtj 8 aj . f , s 'Sa S $2 w - fM 3 . UtiZSM aUJUr U 'e22 -s.3 -Sji , P rfJ.-r'" a2i p - t r C JS , I am persuaded that after reading the above Plain statement ot lscls tgat everybody, will brealTie caster, anTfeel sntisfied that it is no se cretlvcoota : pi nittnti.-iry trick. In conclu sion, genifcmcn, 1 will sav without the fear of succcssfid cf.ntrailiciicn that thi Koad, all told, has never made clear 2nd alwe board six per '(nl nil li t" .. i i . r p; Liieiiiii.il.' i'vpr mm. Tl ii lease will defeat the ex-1 declared, save that declared during the war and Bond to f'oltic.ibia, nnd it I paid in Ix.iilciJcratv nioney. , lours truly, . A Ctethairi ltfKid tension of this will go no further than the coal-licM, a originally inlctided. Hut suppose the Icac is not inade, the. thijmiKgiid . wijl he. extended tu'Crdniubituthus making, as Pike v, thd sliortest tlir.Mvh line Kcrth ana .South. Any man of common ten will see at avarice that thi would take one-half of the rcvetme from the North Carolina Rail JInsd, as their line of road will te tv mjlw alioctir than aiua -Vam, all the Iiatlroan projects of the bU:e- axe com Me., wiiat -ir. Iie.-omc ol toe revenue we n.-w aver It wDl, to a great crtent, be frittertd .MTTTI, Pres. 6 he-worth little or notiniK ; aiKl 1 hen the hank 4 away by compeUhcn ot these Itoi-ct. I or ex shall have been iinpa. Mv dam.i7l, the bank mple. ay thst the Chatli m Road i inched nnte will be little betier tlian Coufeijersle note thn uh to Columbia, a it icrtainiv will be. we vie good currency is the lifcrldood of trade aad loos nil the frt.:jht and passtngi-r frcm that President Mrant. in .-i conversation with Senator Thaler the Other day expressed the wish tuat a special session ot the Legislature ot .H'brasia would Dei-.m--i this wiuter to ratify the liftceuth ataenduient . ,- A. 1: . h I it u z ere t we : v h 1 : c IOG poundav and valued at J-5.O0O, ws discovered iu Sierra county, Califoruia. a fow days ago A Minnesotiau lately shot and killed seventeen ducks at on shot. The editor who itil the Ftory knows it to be true because he toade a meal of tbe seventeeu ducks. pay all damapes sustained by reason rest, not exceeding ihe sum mentioned in the undertaking (see 152); thereupon a simple order is made out requiring the Slier iff to ar rest the defendant and hold him to bail in a certain sum and naming a return day, sec. 163 It is announced that two-thirds of the Presbyteries have ratified the reunion of the Pfesbyterion churches by the required mi- ii.rite Tli. 1 ir..in.r..l A t 1 .1 ...ill I """'mul T" - TTjr at MtUburg on November 10. to count the u.e iii...i.uu o.uct o. . 1 1 w ov K,.e mnd anl,OUnoe the resnlt. or deposit the amount specified in tbe order, sec's.(156: 167:1-08) which bad is given by caus ing a written undertaking -to be executed by two or more sufficient sureties to the effect that tbe defendant shall at all limes render him self amenable to,, the process of the Court, &c, see. 157. The defendant is entitled by sec. 153 to twenty days, and' by sec. 174 at any time before the judgment, after service of the order nf arrest to move to vacate i t or reduce the amount of bail. Tt is made the duty of the Sheriff by sec 162, to notify the plaintiff or his attorney of his return of the order of arrest and undertaking of bail and the plaintiff is en titled to ten days in which to except to the bail ; if he does not he is deemed' to have ac cepted it If he excepts, the (Sheriff is allowed ten days to justify the bailor ome other. For the purpose of justification the nail must at tend before the Clerk, Judge, or a Justice of the Peace, at a time and place fixed by tbe no tice mentioned in sec. 163, and then I e examin ed if required, sec. 165; if the bail ia found suffi cient, the Clerk or Judge shall annex the ex amination to the undertaking nnd endorse his ilowance thereon, sea 166. This is the mo dus operandi by which an arrest is effected under the Code, and t think it must commend itself, in that it mtfetsout equal justice to both parties to the creditor by giving him a against his fraudulent debtor, tbe remedy itself and by protecting debtors agamst arbitrary and oppressive or unfounded arrests by requiring the plaintiff to give an undertaking with sure ties; and the provision for a deposit in lieu of bail Is eminently wise, as slso the provision in sec. 169, permitting the defendant at any time before judgment to withdraw the deposit and give bail. It is but fair too that the plaintitT honld have reasonable notice ol the .-'bail, to except, and that if exception is made the Sher- 1F should have reasonable notice to cause the bail to justify or provide other bail, and if he concludes to justify, then that the plaintiff should have reasonable notice, of the trme and place. If, on exception, the bail is fo-.nd suffi cient, it is entirely proper that a memorandum that etlect srrould be ordered. Ibcse pro visions-are- promotive of justice by -fixing with business accuracy the cortclalive rights and liabilities ol the several parties to the proceed- iiijj. There are some other provisions, enact- A convention was held at Portage City, to devise means for the opening of navigation fnun Lake Michigan and Green bay to tha W- 2 !. Mississippi river. ; 8PECIAL NOTICE. also act specifically upon the liver, stre mrtheniuir it. and so enablinit it. to nrodnce an amine and reo- atsr snuply of bile, for the purpose ef ton verting the nutritions psrticlss ot the thyme Into Chyle, end promote the passage through the bowels of tl e useless debris. In this way. HOHTETTKIt'S BITTKItS cure dys pepsia aad liver complaint. The explanation is plain, simple, philosophical, and tscb. nov 6 This word has been lately coined and is much better to express the idea than the participial- 919 OUT TH3 BBS. 20 MTV TBS OVI.V OIM INK mraovKD OROIDE GOLD WATCH E 8, Manufactured by THK OIUHDB WATCH fft They are all the best make, II anting Cases, finely chased; look skp weas lik Sins ool, and are equal in appearance to the best gold wslcbe usually costing $160. Full Jeweled Levers, Gents and Ladies' sizes, at i 15 each OUR DOUBLE EXTRA HKFIXED Solid OrnlriA flold Hunting' asea. Poll Jeweled Levels, are equal totatlOtiold Watches: ReculatinI ftnn l , ii n i 'ii ii iw . I to keep correct time, and wear and aot tarnish, With Kxtra l ine Cases. at30 ch . SO MOVKY IH BEQLIKK1) IN ADVANCE. W c send by Express any where in the United state payable to agent on delivery, with the iirivilpfrii to open and examine before paid for, and if not satis factory: returned, bv paying Ui lisprtefts-rTrsr--Oond will be sent bv mail a !!eiKtrt.d i ...... . prepaid, by sending cash in advance. An Aovnt snvhnn for Six UVJL t 1 Wnln fVrSS SiSiiW.. 1 tt Il'.a.l ' sWU, To you and the North America Life Insnr- v,,... C-m Z. T,T, . " vr ance Oonipany we shall feel under obligations, ALSO KLEtiANf OMltii r-LH Cff MNlj ef such as only tiie widow and fatherless can feel latest snd most costly -tries, fori.s,ii..nn,i and express. men. from fOto 40 Inches long, at W.t4. tK. and 8 Jlay you have success in indneing others to each, sent with watches at lowest w ,:-, li. nn . insure in your moat lUtezal company , and mar j aaasdasstsial alas wt wajab mivttee, tit; il to" av old tne ijora ot tne wiaow una orphan? bless you ami prosper you in your gooti worK; Maroarbt C. Barbku, of Rowan Villa, N. C. If r. Holderness is also agent for the Liver pool, Loudon and ("lobe Kirk Insurance Com pan v. which injures all kinds of public and pri- - . : i .11 11 .. : I J tv- i i. -j j vbw uiHiHiusi, nitinww jTerHn, jjnopesrac- tories, rounderies, Mifls and slcrcbaudise and pays all i s losses promply. All letters addressed to Mr. Holderness, at Thomasville, N. will receive prompt atten tion. . Beaefits of lift' Insa ranee. The North America Insurance Company pays its oieuiiuiii in i mi in iv m iiiioui cnarge, ,.AV. H. HDLDKHNPRS, Agent, North America Life Ins. Co. Taomasvim.k. N. C. i Dev Sir: Tom will pTease accept my sin cere thanks for your prompt payment, without charge, ol the amount ot the policy of Insur ance on my Husband's Life, amounting to the Mini of three thou .and dollars. At yonr ear nest and repeated solicitation be was i ml need to insure in your Company, aud now we are the j recipents ot its heneiits. A CAKD A Clergyman while residing in Booth Amer ica as a aissionary, discovered a safe and sim ple remedy for the Cure of Nervous 'Weakness. Enrly Decay, Disease of the Urinary and Sem inal Organs, and the whole train of diaonhev brought on by, baneful and vicious habits. Great nnmb-rs have been cured by this noble remedy. Prompted by a desire to benefit the afflicted and unfortunate. I will send the recipe for pre paring and using this medicine, in a sealed eo velope. to any who needs it, Free of Charge. oogu concerns order onsswrnui THE OROIPK WATCH Ot. nov 6 6m fSS Pulton street New Vark. Yadkin Valley Nursery! FOR THE FALL OF HJf AND SPRTNtl of 1878. A large and full assortanent ef Norse ry Stock, embrarrng Appies, Peaehnt, Pear. Plums, Cherries, A pneots. NecUruir- andprspo Vines. Qieat indnceuients u purchasers in large quantities. Personal inspection or correspondence sorici ted. Catalogues furnished on application. Address, ' A. E. CONUATr, Vienna, ForsytheCo,, N. Cv Nov. 5, 1 WD. Address. Oct. I Out JOSEPH T. 1NMAN. Station P., Bible Howe, k'os Turk Chy Kercsene Lampg, At Cost. QUITE a considerable lot of these ) of them very beautiful, havinir been sen; to the subscriber by mistake, on fie i ,it e( ih Maiinlactnrers and hsviuc lsen rr. re-t...t t , disj oi of ihera. with as little delay as p-.s he now after them at lh Crwt m ,t fhri. only. Di alers who may br In "want of the ar- ... .. , U..T on piiriuniiy m muihu' tho Wftcle or alpart, at price quite as low as they can la botifht iu the northern citi.vs. r ttf he sold correspondingly cheap ut , At E. SILLS' Prug St ite Sslisbiirr. Nov. t, rm. (IM!)7

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