North Carolina Newspapers

7 -y- - THE WEEKLY NEWS. PUBLISHEDEVEBTTHTJRSDAY. STONE & UZZELL, - I - Fbofhixtobs - otfici Over VT. C Stronach A Co.' - I Fayetteville Street Price $2.0O per innm in Advance) THE WEEKLY AW8. THURSDAY. JlNUABY 23. Hf73L LOCAL MATTER. E. C. WOODSOJT, Editor. , A Curious Pkophtactic Against SxAUi-Poi. In view of the prevalence of this dreaded disease jin varioua por tions of the State, we publish the fol 1 owing statement from an Alabama physician, aa the facta stated therein may possibly baye much merit in them: At a recent meetingjof the Alabama . State' Medical Society, Dr. Q. D.Norris, of Iluntsville, stated that, during a visitation of small-pox jat Iluntsville, a number of families used a tea made of the cimicifuga racemosa, and that in no instance did any of these persons take the small-pox. Dr. Norris was unable to learn at whose instance this device was adopted. He stated further, that, during the time these families used the tea, he attempted to vaccinate a number of the families, and that in every instance he failed, but that after the tea was discontinued he jsucceeded with vaccination in the cases where he had tailed while they were under the influence of the tea. j ; This cimicifuga racemosa is known as the black snake root! or cohosh. It should be used in moderation, because large doses produce impaired vision, vertigo, nausea and vomiting'. Its me dicinal properties are highly esteemed by many eminent members of the med ical profession. In the! Transactions of : the American Medical Association, voL I, S52, Dr. F. N. Johnson reported ex traordinary success with it in acute rheumatism. In chorea, a disease often allied with rheumatism, the . medicine has been very successfully used. One ounce of the root may be boiled for a short time in one j pint . of water, and from half a pint to a pint may be used in twenty-four hours. The fluid . extract is probably superior to any other preparation. This should be made by some able pharmaceutist. The dose of the fluid extract is about a teaspoonful three or four times a day. The facts stated by Dr. Norris go to confirm the truth of Jenner's discovery, that vaccination is small pox. Another curious fact is worth remembering in this connection. The cimicifuga race mosa is called the black snake root, and is supposed to have received that name from its assumed efficacy in curing the bite of :the " rattle-snake. Here is another curious ' coincidence : Professor Henry, of Manchester,' England, dis ' covered that a heat equal to SS degrees of Farenheit's scale entirely destroys the poison of small pox, of the rattle snake and of the cobra di capello. This important truth should be a prophylac tic against the senseless destruction of bed clothing and personal clothing of victims of small pox. - Boiling water is 212 degrees of Farenheit's scale, and will utterly destroy small pox poison. Black snake root will be in much greater demand than ever before, if the abave statement be true, and if the facts become generally known. . An antidote against small-pox, against the bite of a snake, as well as rheumatism, is surely an article of great value. We are informed that the black snake root and ginseng are found to grow luxuri - ously and very abundantly in Western North Carolina. It is probably more abundont there than anywhere else on this continent. , SUPEEUB CoTJBT DECISIONS. Opin ions were filed by the Justices yesterday in the following cases : By. Pearson, O. J. 1 .." John L. Hinton vs. Benjamin F. Whitehurst, administrator, et aL, from Pasquotank. Error. ; Judgment re versed. J. Francis King vs. J. E. Win ants, from New Hanover. Error. J udg ment reversed. . By Reade, J. : E. O. Larhins etalya. P. Murphy, administrator, from New Hanover.' No error. Judgment affirmed. State vs. Samuel McMillan, et oL, from Richmond. No error. Judgment affirmed. By Rodman, J. : . ' - State vs. Leonard Pepper, from Rob eson. Judgment arrested and prisoner to be discharged. '. j Benjamin Rush et oL, vs. The Hal cyon Steamboat Company, from Cum berland. First motion refused ; second motion granted. j -Bt Boyden, J. j ' . State vs. Eli Simons and Qus Allen, from Anson. No error. Judgment affirmed. i ; . State vs..' Edward Williams, from Pitt. No error. Judgment affirmed. By Settle, J. j Thos. D. McDowell, administrator, 1 vs. William II. White, from Bladen. 'Error. Judgment reversed. W. B. Ferebee vs. N. C." Home Insurance Co., from Camden. No error. Judgment affirmed. i 7 Death or an Old Resident. Mrs. , Margaret E. Ramsey, for many years a resident of Rocky Mount, died in Wil mington, Del., on the 12th inst, in the 55th year of her age. Her remains reached this place on the 11 a. m. train last Tuesday, and were buried in the yard ot the M. E. Church, of which she j was a consistent and life long member. i- She leaves a host of friends to mourn her loss. Rocky Mount Mail. -A Mrs. Ramsey was the mother of Mr. Ramsey the enterprising clothing mer chant of this city. i Col. A. A. McKay, president of the Cape Fear Agricultural! Association, has appointed the follojving gentlemen members of the Executive Committee for the year , 1873 : Wj L DeRossett, F n jxerenner, j a. w Hiara, vv- A tam miog, Dr W G Thomas, Wilmington John D Taylor Brunswick ; B F Arring ton, Wayne ; J R Thigpen, Edgecombe; C W McClammy, George Z French New Hanover ; Luke A Powell, Samp son ; E E Burruss, Dr T B Carr. Wil- , mington. . j- ine committee will meet in the Purcell House in Wilmington on the 09A i..t l . The Job Office of the News la nrp .pared to do all manner of job work at uig Buonesc notice ana in the best man nr c-Gooi worktnen only are employ ed. Send in your orders. . " - nvL i . . L .",? B?8cnpuon list of the Nbws is X mcreaulg. but oor booki will -v. t.uuuaanasoi names StllL VOL. I. ' Sdpbeve Coukt. The Court met at 10 o'clock, A.: M. All the Justices present. . - .-v. . : j I . Appeals lrom the Third Judicial Dis trict were beard aa follows : j i ' s ' C. N. Swann, et aZ, vs. L. Bamngton administrator, for plaintiff from Craven. Smith & Strong aud A. G. Hubbard for defendants. Report filed. Report con firmed. . . , D. A. & L.W. Humphreys, executors vs. R. W. Ward, executor, tt dl. from Oaslow. Smith & Strong, for pjaintifla and Battle & Sons and A. G. Hubbard, for defendants. ; Continued for issues. Henry King, executor, vs. Wiilming ton & Weldon Railroad Company, from Wilson. Smith & Strong, for pltuntifis, Moore & Gutling for delendatsJ Con tinued. ' C S. Wooden, administrator, Jno. V. Sherrard, et at from Wayne. W. T. Faircloth, for plaintiffs, Smith & Strong for defendants.; Arguedi Doe on dem, Exum Holland, vs. Pro bate B. Scott, from "Wayne, A. IS. Sey mour, for' plaintiff, Moore & Qatling, and W. T. Dortch, for defendant. Settled, terms tj be filed. v ! - Daniel Perry, vs. ' Edward Hill, from Lenoir, L. J. Moore, : for plaintiff, and Smith & Strong, lor defendant. Argued.'. ! ' J. Henry Davis, vs. William J Smith, from Cartaret, A. G. Hubbardor plain tiff, J. H. Haughton for defendant. Continued. j i - M. S. Cohen, vs. C Q. Holt, from Wayne, no counsel for plaintiff, Smith & Strong, for defendant. Argued. Boylston Insurance Company, eL at, vs. Jno. D. Davis, from Cartaret, Judge Green, for plaintiffs, and J. H. Haugh ton & A. G. Hubbard, for defendant. Argued. John Andrews, administrators vs. F. McDaniel, from Jones, Judge Green -for plaintiff, J. H. Haughton & L. Q. Hub bard, tor defendants. Argued. The Ijcbeoglio in Vebsk; It is known to some individuals thai Homer sang the seige of Troy, and that num bers of othei epic poems bavef recited the details of , faUZes, seigss, j&c, but now the Bard ot Rham Katte; eclipses i tnem au by celebrating in song the imbroglio which has just arisen in re gard to the office of Superintendent of Public Instruction. Here it is : . . THE IMBROGLIO OF LETTERS Oor world, Indeed seems to be now at war, w e nun up me Dreese an ear ana aiar : 'Jnbal" and "Rufua" waste all their loeic Andre-flghi their fights till both become Biek. ; il ' Then a ixng and a Leach try eacii a stretch, Nor blood or glory can either one fetch I Look again farther, and what dowe see, -The strangest of all an educational spree ; iu uaie war anu love peace prune ooject oognt g - With first the three B's that all most be taueht! - A - On the warpath of , letters must we fain wonder -. A Battle's began with a Scotch Alexander. Tho' a rumpus In spelling is funsto be sore. The want of instruction rm worse than im- brosaiol il Whether Battle or Belrom we choose to call it. . - Tisabad war of words, whatever befall it. Down South for mastery two Oov'nors - strive, - -r g - For the car of State which dfiver shall drive. s : We've butr one Governor here it f s trne. jwi wo Dappie-mvenaenis is isomeuung new. ''." Does vacancy exist? Vacant belle or head, Give us "obiter dictum," when counsel have Dlead: - ) By death, resignation, or otherwise" V -Let him of fall head at last win the prize ! quo warranto, mandamus," waaie'er tne decree i i Friendly relations" we all hope to see : Obscarom ner obsenrias" sorest of all. No matter who begins 'Us the last fifed ball. I Oor youths of both races Instructed aright, The three R's alike taagbt to black and to white ' .- . In fine, no matter how the Bengh may de-..- cide, ;j -, The one that's selected be first 'jqualified." . i . . FATto AccroEOT.- Thomas R.! Law rence, Esq, a very respectable! and well", to-cfo farmer of Buckhorn Itownship, was instantly killed on Thursday last by felling a tree on himself while at work in bis low grounds. A little son of Mr. Lawrence's was in the low grounds at the time, heard bis father cutting and also the fall of the tree.! A abort time afterwards he went to where he supposed his. lather was at work, when he found him a lifeless corpse, under the main body of the fallen tree.;i ;;; rA The Peace Institute. The spring session ot the reace insutute, locaieain this city, will commence on the 10th of . . - J .S- a eDruary, as announced in ( auverusc ment elsewhere. This school; under the management of the Messrs. Burwell and Mr. S. J. Stevens, is now in successful operation, and the principals believe they are prepared to offer most excellent advantages for the education of -young ladies. We invite especial attention to the notice in another column! ! . - Monthly Magazine. This is the title of a monthly periodicaI,!devoted to religious and literary matters published at Statesville, N. C, by Rev. A. R. Murcbison. The copy which we have before us presents a neat appearance, and is filled with excellent reading mat ter. We wish the enterprise success, and will take great pleasure in placing it upon our exchange list. J ; Steah Saw Mill foe Sale. Mr. D. J. Ellis, Grocer, Hillsbcro street, in this city, offers for sale a portable; steam saw mill. See notice elsewhere. 1 Notice is given elsewhere that appli cation will be made to the oresent Leg islature for a company to be known as "The Old North State Lumber, Mining and Manufacturing uompan." - , - 1 ' ; "' The Arlmcrton Hotel uf Washincto T O : for the third time since its open ine, has undergone af complete . . . l Ti : s n n emoeiisnment. was wnycmjr fiwcu nn in crranrl at vie. with everv Con- p - o i - , venience, elegance, and luxury , that experience, laaio uiu juugicu(vuum rloeirA and monev accomolisb. Dur- ine the summer . succeeding, it was beautifully irescoea ana jirenovaiea ).rnnirhnn. Within the DOS t - two months all the chambers jhave been covered with the new . style ot f cor mto.tui rriil nd silver naoer. i The House has been re painted, re-carpeted and a number ot tne rooms re-iurnisueu. pffiirta of lha Messrs. Roessle, to beautify and ' Improve it, The Arlington is now far more Inrnnnni nd mcrnif!cent than When first opened, and is beyond Question what they designed it should be--Tfo Hotel ot the capital. tow. m - .S J . , T ; W? I dL JnLJLjj A NEW WAY TO KAISE KEFE . Pi U E IS IT PRACTICABLE ? When Gen. Henry A. Wise was Gov ernor, of Virginia he proposed a finan cial scheme to raise revenue for the State, which was somewhat novel in its character, and does not seem to have attracted much attention at the time.) Before the! war, as now, millions of dollars were annually sent from Virginia to the Northern Life and Fire Insurance Companies in payment of the premiums on policies in these Companies. . Gov. Wise proposed that the State lease the exclusive privilege of insuring, to a single Company or a combination of Companies. On account of the distressed financial condition of " Virginia, some of the papers of the State have revived Gov. Wise's scheme, and the ' question has given rise to an interestingjdircussion. It b asserted'that the gross receipts of insurance in Virginia reach annually to the amount of twelve millions of dol lars. One half of this amount is believed to be net profit. Those who favor the proposition contend that the State should share equally in this profit, and this would give . her a . new source ot , revenue. amounting to three millions of dollars.. We have no data at hand by which we can. estimate what amount of money is annually sent out of North Carolina to pay for insurance. If Virginia pays twelve millions, we presume our State pays at least two thirds of that sum, eight millions. - According to this esti mate, the insurance men receive an an nual profit of four millions of dollars from North Carolina. If the policy suggested by the Rich mond Whig be adopted in this State, to wit : that an equal division be made of the net profits with the Insurance Com pany or Companies with which the lease is made, then North Carolina would re ceive two millions of revenue from this source. ' ' ' ": In the present depleted condition of the State's finances, this sum would be a great help." This would enable us to pay the current expenses of the State Government, relieve the Univer sity and other State property now under mortgage, protect the State's interests in the railroads, make better provision for our charitable institutions, which are now crying piteously for help, revive the common school sjstem,which has become inefficient and almost useless, and at the same time lift from the shoulders of the people the heavy burden of taxation which keeps them depressed and im poverished. ' . i - - t It is probable that the estimate that Insurance Companies reap a profit of one half ot their : gross receipts is too high. Competition in insurance as in all kinds of business, diminishes the net gains and makes the profits compara tively small. : ' 1 1 . ; ' But if we make the profit of the In surance Companies one half of that claimed by some of our Virginia cotemporaries, then if the grcss receipts from this State amount to eight millions of dollars, and the actual profit of the Companies be only two millions of dollars, North Carolina would still reap a revenue of one million, by leasing the privilege of insuring . for one-half the profits. - . . We do not know this plan for raising revenue will prove feasible, but the necessity of relieving the State from her pecuniary embarrassments, ' and the importance of diminishing the present exorbitant . taxation, should direct attention to every proposition intended to restore the public credit and remove public burdens. ; - PROFITS OF THE CREDIT MO . , . v BILIER. ' , - i. V ' .. . lion. James Brooks is a mem ber of Congress from New -Vork. He is one of the Directors in the Union Pacific Railroad Com pany. He did not have any shares in the Credit Mobilier stock in his own name, but be presented bis son-in-law, Mr. Neilson, with one hundred and fifty shares of the same. For this, Mr. Brooks paid fifteen thousand dollars, being one hundred dollars per share. At that time, however, the shares were worth two hundred dollars in market But Mr. Broola teas a member of Congreu, and of course purchased on accommodat ing terms. At the end of one year, Mr. Neilson's one hundred and fifty shares, for which he paid filteen thousand dollars, had increased in value to one hundred and nine thousand dollars ! Besides the stock itself, which was worth thirty thousand in open market, Mr. Neilson received $9,000 in dividends, $50,000 worth of Pacific stock and $20,000 in first mortgage - bonds making his little investment of fifteen thousand worth one hundred and ' nine thousand in twelve months. But Mr. Brooks did not receive this profit himself. Oh ! no 1 not he I He was a member of Congress aud a Dircc tor of the' Union Pacific, and therefore it was not right that he should receive any advantage from this , investment But his dutiful son-in-law, Mr. Neilson, made a good thing of it. Mr. Brooks gave him one hundred and fifty shares, and it j proved to 4Tf very prcfitable investment! : " ,i , .Who, after this . exhibk, will accuse Mr. Brooks of receiving : bribes for bis totes in favor of the Union Pacific scheme f 1 ' t Weekly RALEIGH, TSVC TBURSDAY J AN. 23. 1873 THE REPEAL OF THE USURY We have before stated that General Dix, in his inaugural message to the New York Legislature, advocates the repeal of the usury law and the removal of all restrictions on the price of money. His position is endorsed by the Jseva York Journal of Commerce, which is re garded as the ablest commercial news paper in the United States, and is con sidered ' the organ of leading business circles in New York. From a recent editorial in that paper, we clip the following on the repeal of usury laws; v-vi- iSMHAi The Repeal of Usubt Laws. Messrs. W. C. & Co., a respectable Pearl street firm, writes us in reference to the petition for the abolition ot the usury law, signifying their own assent to it, but asking what are the objections to a repeal of the law. If the point of the inquiry is as to reasonable objections to the repeal ot the law, or what may fairly be said on the other side, we answer that there is nothing to be urged. No plausible objection to the repeal of the usury law, or pretence ot argument in favor of such a restriction, has been made for years. If our correspondent means only to ask what are the motives that have prevented the repeal, we an swer: ' ' "; : ! . . 1. There is a notion in the minds of some well-meaning but uneducated and supertitious people that the taking of more than seven per cent, interest is prohibited in the Bible where "usury " is denounced.;- The truth is, of course, that the Iseraelite was prohibited from taking any interest for a loan from a brother Jew, but expressly j allowed to take it from all others. Where usury is denounced, it is the taking of usance or interest at all, and one per cent is as much usury in the Bible sense as ten percent , 2. There is .a wide spread feeling among land-owners and others who may be borrowers in the agricultural districts that the repeal of the usury law would either raise the average rate of interest, or if not, would attract capital, to the financial centres and make it more dithcult to secure loans on bond and mortgage. It is clear to every intelligent observer familiar with the course of monetary affairs that the effect would be the very reverse of this; but, like the English farmers' prejudice in favor ot the corn laws, the feel ing is deeply rooted that the truth can only be established in their minds by actual experiment ? , s. there are mulish people who be lieve that it will be easier for poor men to borrow at some rate if the law is repealed, and, and that if there is no such latitude ot discrimination their own chances will be better, and they oppose the repeal from selfish conside rations. Thus sums up the opposition as far as it is developed." I . .. . A proposition having beea made in the Virginia Legislature to reduce the rate of interest in that State from twelve to six per cent, the Norfolk! Virginian, in an editorial on the subject, comments as follows: i. . . - : The Rate of Intebest We have entered our protest against! the reduc tion of the rate ot interest in this State to the preposterous maximum suggested, and trust that the Assembly will let well enough alone." The Raleigh News, in noticing the movement in this State, expresses the hope that tbe"Nortb Carolina Legislature, when it assembles will adopt the Virginia Rate of twelve per cent on special contract allowing the legal rate to remain as at present, six per cent, where no . special agree ment is made. j If we judge from the tone of the press of this State, we think the j people are anxious that the rate on special cons tracts for money be increased, while the legal rate remain as at present, when there is no agreement as to price." In other words, our sister State has discovered her mistake, and is about to repair it, admonished by the experience of the past few years, during which we know the fuct that large sums have been sent by citizens of North Carolina into this State for investment Indeed, so great has been the flow of money towards Virginia from the quarter indi cated that some weeks ago the News told us that people in Carolina had to come to Virginia cities to borrow money sent from their own State.! But if we adopt the insane idea ot a six per cent, maximum, these sums will at once be withdrawn. Not only these moneys, but all others will be collected, and in place of relief to our people we shall see the advertising columns of our papers running over with trustee's sales, and the ruin of our farmers; will be in evitable. Let us pause while it is yet time, and in place ot denunciations of "money changers' and "bloated bond holders," let us have a fair and candid argument on this great question. : Game in the Valley of Vikginia. The Staunton Vindicator the 10th inst sajs: Last week there were ship ped lrom Winchester, Virginia, seven teen : thousand rabbits The wagons arriving there daily are laden down with them. One wagon, Saturday, had twenty-seven ; hundred, pafridges and wild turkeys in proportion to Baltimore Pheasants, are shipped and Wash- inffton. The rabbits sell at! six dollars per hundred, skin and all. I The heavy snow in the valley has greasy increased the trade in all kinds of game. There were several wagons in Staunton, on the 9tb, filled with deer and winged gan.e from Pocahontas cunty. Venison was quoted at eight cunts." Th- Rr.arcitv of fuel continues in Virginia City, Nevada, and wood is selling at $30 per cord, i ne uouia anu Ourrv minninrromnanv Were compelled to stop their hoU,t.ng machinery, being able only to make enougu st am w run the pump3 and keep the mine tree irum water. The scarcity, ol lut;l is due to the inability ot tho railroad to bring forward the adequate supply. '. Charles Wenham, an Englishman, of Copenhagen, was found under the ice in a small creek, 'near Great Bend, twelve miles from Watertown, N. Y., last Thursday night Saturday morning Charles Sutherland, of Copenhagen, was arrested for the crime. ' While the offi . cers were taking him to Carthage he swallowed strychnine and died A RELIC OF BARBARISM. Usury laws are denounced in Gov. Dix'a message to the New York Legis lature as relics of barbarism. . Some of the ablest papers in the country, both North and South, are demanding their repeal. - - ; In the Northern States, where the restrictions on money have been remov ed, the most advantageous results have followed The law has been changed in obedience to the 1 demands of the agricultural interests, and the evils that were predicted from a repeal of usury statutes have hot been realized. Six years ago, the usury law was re pealed in Massachusetts and an act passed, fixing the legal rate at six per cent but leaving parties free to contract at any rates that might bo specified in the agreement Connecticurand Rhode Island have passed similar laws, as have also several of the Western States, and the consequence has been that borrowers have been benefited, and the rate of interest nas been diminished.. We have already quoted from the New Yorfc Journal of Commerce an edi torial, sustaining'Gov. Dix'a position. The New York Pott, as well as theWorld, takes the same ground. The Poet shows plainly that the usury laws ofNew Yorkhave . proved highly pernicious to the commercial interests of that State. The law is very stringent against those who take more than the legal rates, but notwithstanding the se vere penalties,1 money-lenders "daily defy the law and enrich themselves."! ' Seven per cent is the legal rate in New York, and no one is allowed to charge more, without incurring punishment for a violation of the law. The Post gives the following practical illustration of the manner in which the statute is evaded with impunity, showing the evil effects of restrictions on money : 1 "For six weeks preceding January 1st, the average rate in Wall street on loans, wUh approved collateral securi ties, was 23 per cent. 1 be scrupulous part of the money-lenders there sever accept more than seven per cent, gold, but their money is taken by those who defy the penalties of the ; law, and is lent at such enormous rates aa pay them lor the risk taken. With the usury law repealed, a vast amount ot capital now taken at seven per cent by the Shylocks to lend again at usurious rates, would compete in the loan iharket for employ ment with other funds, and the . rate would be kept down. We should never see such rates as i, i and f of one per cent, per day. equivalent to forty-five ninety and fifteen per cent per annum." Tt2TwI&i: Wrl& says, editorial ly : ' ' r t : It is simply preposterous ' to talk about the anti-Usary laws really 'pro tecting any one, even if he needed pro tection, which we deny that he does.. If the so-called law is in the way, it is broken, or it leads to some more waste ful mode : of obtaining the necessary loan. The laws fixing a certain rate ot interest, and declaring that no one shall deal in money at a higher rate, no matter what may be his necessities or condition of the market, are just as preposterous as a law fixing the price of a man's overcoat would be." The Baltimore Gazette, one of the ablest papers in the South, commenting on the above extracts from the Post and World, says:' , '. aHere in Maryland, we are peculiarly situated. Our laws fix the legal rate at six per cent In New York, the legal rate is seven per cent . In Ohio, the rate may be fixed by agreement between the parties, and even in the District of Columbia, Congress has legalized all contracts for money up to ten per cent. We are thus subject to drain on all sides, and it is incalculable the amount of the money that leaves the State an nually in consequence of our rate of interest being inflexibly fixed by law at sixjper cent, and the necessity that thus arises of either violating the law : or risking its penalties." " The Gazette then proceeds to show that the apprehensions of people living in the country, that they would be com pelled to pay a higher rate if money was free, is a great mistake. The law is constantly evaded, and the borrowers are compelled to pay more than the law allows. If money was unrestricted, competition would be stimulated, and large1 sums now annually sent from the State for more profitable investment, would be kept at home. North Carolina is in the same situation with Maryland. Virginia allows twelve per cent and our State eight, on special contracts. Our surplus capital is con stantly flowing to Virginia for invest ment ; ' ' In behalf of the borrowers of money, in behalf of the agricultural interests of North Carolina, we ask the Legislature either to adopt the Virginia law allow, ing twelve per cent on special contracts, or remove all restrictions on special agreements for money keeping . ' the legul rate, in the absence of any under standing to the contrary, at' six per ceut. The number of Brighara Young's wives, according to Miss Sara Alex-. ander, late of Utah, who is lecturing in the : West, has been greatly overesti mated. The president solaces his lone liness with twenty-five sealed to him for time, besides a large bevy of others who try some peculiar process are supposed to be sealed to him 'for eternity.- We are grieved that - Mr. Young 1ms been misrepresented in this particular ; but a man ot his rigidly correct notions and abstemious life is apt to be injured by the wrong stones and malicious re flections of an entire world. Indianapolis proudly sets forth the statistical fact . that it had six and a quarter marriages to every divorce last year. - 7 . Mewb Cfcrresrjondence of the Daily News. ; Towns Spring-in; Up Business the Farming: Interests Gilaam's CoU tea Fertilizer, dee. " Boykxh's Depot, Va-, ' i:- January 15th, 1873. S Editort Saleigh Xev: With what wonderful magic are p itiiv little vi lages springing up all along the great commercial arteries of our country. This neat little town in ante-bellum days was rather a shabby affair pro gress has waved over it its potent wand, when, presto change, elegant store houses, splendid private residences, beautiful churches, like the tairy palace of Aladdin's lamp, have been conjured into existence. What' has J. performed these marvel of wonder ! echo brings back; the answer over and from tlw rolling plains of our well cultivated country. It does a traveler's heart good to notice these evidences ofthrift this spirit of development .Avast amount of trade is done here, as it is the very centre ot a, large cotton growing sec tion. All the Fall, through the Winter, and even now, when the rotting glebe invites theploughshare, the whirling hum of the gin saw is heard.- Though Norfojlris hard by with her incompar able merchants and harbor, still she.has not as yet attracted all the cotton. Many a bale lies here still awaiting shipment and a better price. By the way, this place is misnamed, it should be dubbed Beatonsville, as that family, father and sons have done comparatively t all to build up its interests. Its location is beautiful and advantageous the sur rounding country being in an exquisite state of cultivation. For miles around " you may see the blue smoke - curling from the chimneys of the happy, contented and industrious farmers. It is near St Valentine's Day now, when the boys and girls, as well as the birds will be billing and cooing, and we hope the present month, as its name would indicate, will be propititious to these courtships to bursting buds and all the opening glories of the year. The bygone year was one of violent political strife, let this one be marked in the annals of our South land with tent effort to do our level best as hardy ' sons of toil. Only let the farmer per form his duty well, and he need never fash his beard about the rest ot his fel low citizens, as they will be sure to foi low 6Uit We were somewhat surprised while listening to the agricultural cb-rt chat of the place, and as we had ever heard that amidst diverse opinions, one is apt to stumble upon the right, we paid good attention. They seemed to me to be forever traveling in a circle, for no mat ter what subiect thev broanhwr or touched upon, they invariably ended with euano. This seemnrl with them the ne plus ultra the sine qua non in prouueuve farming. uut '- what surprised me still more was that they did not employ the word in its generic sense, nor did they seem to have any particular desire for the famed Pernvian at all. They had tried man v fertilizers. thev said.7 and added that for thn first year, they all acted well, but that after wards they were adulterated and worth less. . . ". . ;. : -,. The most astonishing fhiner hf nil - o , -i was the unanimity of opinion in favor of "Gilham's Cotton Fertilizer" as it was a comparativelv new article. I asked why this was. and ' thev replied that it was because it acted the same each succeeding vear1-produced a luxuriant growth, manv and " well developed boles, cause the stanle tn a t open early and to clinch the argument in. the sententious language of an old farmer present, it is made according to the formula of a gentleman in whom every man has confidence, and it is none of your bogus compounds, gotten up Dy aesignmg Knaves.' rne old man was mad. and we said nothing bnt took the train mentally resolving to try his argument by experiment we could not be allowed to combat it by reason. Pete. STATE NEWS. Cows and dogs are dying with the horse disease in Gaston county. : Mrs. Eliza Smith, aged 59 yeaVs, died in Anson ville last week. Dr. Oliver will soon commence the publicatton of a' paper at Madison. ' A cotton sack containing the body of an infant was fished out of the Trent river at Newbern the other day. A Mr. W. G. Steele made 10 bales of cotton on 12 acre . of land lying within 1 miles of Charlotte. . On Saturday a man by the name of Riley Woods made an uncuccessful attempt at suicide by shooting himself with a pistol. ; The Smithfield pilots report the heav iest swell on Wednesday known of that coast in 20 years. Thay think a storm was gathering its strength for the North Carolina coast Some days ago a little son of Mr. James Green, Nash county, was caught in a cotton gin and so badly crushed that he died in a day or two. The little fellow was only six years old, s - There are 240 Masonic Lodges in this State, and of this number about 90 Lodges have already contributed some thing over $60,000 towards the erection oftUe new Masonic Temple. ' The Reidsville Record says that Mr. Nicholas Daltori, lormerly a ei::Zi n of Madison, but more recently of Yatl kin, had his leg broken by a p:t r of horeca runnirgaway with l.im. Says the Southern Home : An old man seventy years old,? named J'!;n E. Kelly, made lst ye.irn the lau.i f W. G. Ituik-dge, Esq , 3 litavy t.il ol cot ton, 373 bushels of corn, a good crop ot oats and saved-4,000 bundies of fodder. This he did with the aid of his daughter and a small boy, bis grand-son, about 13 ars old. No manure of any kind, were used. " The Uillowing comparative stttement shows tho stock ot cotton in html in Wilmington at the nrunli mentiosed : Stock Jan. lt, 1871 O.tton, 2,894 bales ; crude turpcai , 2,175 barrels ; rosiD, 37.329 ; trt iris; -j.i:ns turpen tine. 4.6G7 cjisfca r tar. 2.119 hair. Is - Slock Jan, la, 1872 Cotton, 2,140 Dales ; erode turpentine, 2,812 bar re Li ; rosin 72J268 barrels; spirits turpen tine. 6.299 casks: tar. 2.640 barn-Is. 8tock Jan. let, 1873 Cotton. 2,700 uaies ; cruae turpentine, 433 barrels ; rosin, 75,006 barrels; spirits turpentine. 40,019 caeits; tar, 1,144 parrels. NO.; 4S; , For the Dally News. To the Members of the Legislature 01 norm Carolina. v- The Farmers Loan Bank, for Which a charter has been asked at your : hands,. was Bugsestea so tne mina ot us origi nators from the following - " 1st That farmers ? without ; ready money-were a prey to the whole com t y - merciai wonur . - ; : . 2nd. That they were subjected to ex tortions whi:h necessity compelled ihem to submit to. i'-" ' ; SrdyThat j-froin a nice calculation .they were " compelled to pay ,thcir commission merchants for advancements made -to enable them to make their crops at least 20, and in most cases ,25 per cent of their crops in the way of commission and interest. H "i'-"- - 4th. That la tba parcnaso at manures they were compelled if bought on crop time to pay at the rate cf 22$ per cent interest '') 5th. That they had no monicd coia bination to enable them to keep their mps off the market until renumcrative prices could be obtained. ' 4- , The Farmer's Loan Bank is to reme dy these evils, and to give the farmer a standing and influence which momed organizations alone can give them. To make the farmer an independent, think ing and acting sovereign in this land. To give him tbat weight which is due bis position. To make his power and influence felt. So that when he ap proaches a Railroad official, asking for remedies ior onerous exactions and pro tection against unjust , discriminations on local freights on farm products, that he will not be treated as a poor, isolated, powerless individual, thinking and act ing for himself alone, but as a member ot a powerful element, which makes up the ground-work of society, and 'sus tains and supports every other trade, calling and profession, as a member ot a monied power whose wishes and re quests are not to be treated with indif ference and contem pt This organiza tion may not accomplish the whole of what is sought for, yet it will be a step in the right direction. For it is a trite truth that money is power, and would not the power be placed in the right bands when it is entrusted to the farmer, the bone and sinew'oi the country ? l lien the. farmers have a right to mk this charter lor the following reasons ' 1st. That banks have been chartered by past legislatures -and . the present legislature and the charters placed in the hands of the commercial and mon ied men of of the State. ' . '-- I 2nd. That as the commercial man has powers and privileges' granted to those who are the natural enemies of the farmer and the farmer's interest (and this enmity is apparent when' we reflect that it is tne interest of the farmer to get as much as he can for his farm pro ducts, while it is the interest of the man of commerce to cheapen products so as to increase the demand for them or at least to purchase from the farmer as low as possible in order, that bis profits on sale may be larger,) and while these privileges have been granted to them,can the legislature refuse that just demand made by the farmers-lo be ' furnished with a weapon for defence. , " 3rd. The combination of the small amounts now lying idle, in the pockets of the farmers when brought together willjtend vastly to increasethe aggregate capital of the State, and thereby inau gurate a Spirit of improvement which will develop our resources, increase our manufactories and . consummate ' that which ought to be desired, viz : to be come interested m building upthe man- uiactones in our state. ! ? 4th. By this means - you will have' a bank with capital and power, owned and controlled by the solid men of the State, with room enoughjor tho capital of the wealthy farmer and with shares Bmalfenough to be within the reach of the humblest farmer in the land. .: 5th. It will! be the means of checking waste which follows the idea that a man has not money enough to go into bank ing or other enterprise! which require large capital, and therefore he .will spend his email earnings in. extrava gance lor this institution with various branches ought to operate as a saving's bank for the farmer in which ; small payments made at different times may eventually give him a respectable in; vestment from which much good may be expected in his later life. , The objections urged are-' that the rale of interest is not fixed in the charter. That the Legislature is giv ing to the Stockhoideis of bonds priv ileges which they deny to individuals. Let us consider then rst proposition. Iu the first place is it practically true ? Do we not know : that individuals all over North Carolina are daily loaning money at 10, 15 or 20 .and as high as 24 per cent? There is no punishment un der the law now. It is true that it cn not be collected by suit But it s daily asked and as often pt'uf. The honest man who is able to pay perioru s what ever he contract's to pay end he law does not afford bim any protection. While the dishonest man who firt promises and then refuses to .t y is the only one that the law now prot( ct3. If the legislature -means the thin;; to be trne pructicallyi then they nui . ngaia annex the penalties hich wcro re pealed in 180G. Now let us tonsi l, r further that tbu individual ' cart1- take what rate ol interest ho please fo th it he succeeds iu collecting it. Al!crh: once has plae-ed it in bis pock? thi-i can the siira-dst;U-yv.r ia Koith Car olina Jiud any U tTbikc it lia-H-ironi and return it io t:Us payei i ' Bat ly limiting ti.e chaiti-ff t' u buK euiri t-itain,. the cii ira-r I bi for feitcd, i) alaigerrate were rceived,thcii would (he iusiuution die? bayou sc; an indtvisu4l can take whatever rate of interest l.u can sct-ure wii hout pen alty or 5 uuishmmt, while -the back for. doing iiiu same tiling would comin.t an offence iot which it would forfeit i:s existence. - i " ; . , Next let us consider tne results of the refusal to local banks of ihe right !to charge over 8 per cent by way oi inter est. By such relust I WQuld ou make money mote plenty, or .n:l jou aid the ntedy man vlvt wt-j. Unnj 11 cl to birrowi ;iUcul:tii'i,.,iial y.tr"t liave- national bankftrnt :o.;A3;isK-,rrj'rugh lh suuibjr is IiiiuU-u 1 aa-l", us p it wilt t-npply about ne-ti-iii y-k! th-j e- mandcreaad bj the progrueiivt; pros perity of the State. , , - , Have you thought that , having1 these in existence with chartered rights, some of a hich you can - control, f!ne of which (the.wrucr believes) yuu cnauot control, in ihe way oi interest demand ed by them. Suppose now: you should shut the legislative door, and say to the the weekly-Sews - KATES Or ADVERTISING. One square, on61nsrUoa.,..,.. f 00 Onesounre.two tnsertioNs ...:rT! vi an One su uaxo, three incrtiou.....; 2 On One square, four insertloli8.... 20 One square, three moiUlis......., a c Ouesquaroi Rlx lnonths.. 10 1 One square, twelve monUis.w;...w..... 13 01 For lanrcr advortlsomeiita llb'oral oon. tracts will lmmK TvnUuos solid mn pareil constitute on sqiuiro. , ? ' . ; 1 11 in t WPrld that ltlta Legislators did wrong i . ......... t . . oucc tut is 110 reason tqey s.nouia uo wrong again, for two wrongs never made one right, j What would; bo the rcsultl I You woujld havo thcsQ. already char tered banKS wituout cotnpetuiou, with the right to) demand what interest they pleaso or can get, which' might prove monopolies1 dangerous ; at least to Iho whole property in, tho land. Aye, but some will say that, under the Constitu. tion'of Norlh' Carolina 'we' can nmend their charters navl regulate Dttit: inter est.; This may bu truo- s it) as1 jour State institutions, chr-rtered by the Lcir- islature ate Concerned. But is any man foolish enough toiclicve that any State regulation, whether legal! oi':Cvn3titu. tional, can fetter tho action of national bank in tho way of interest Jiy taking its tharter fioci it ! If he dot's his folly exceeds thatj which fnlht wolf bo la belled concentrated madues?.1 Natioual banks .claim thtir authority s troni a . power whicli wav bo weaker. 111 theorv than North CiUolinaV constitutional ' restrictions, bnt pfactlcally 'stronger than thO'ConisUtutton and tl North : Carolina, (vi? :) trmn the tjonsfess of tho v United States. ' -.:' . ' Asthcc are io cxistrncu uiul emmot be restrninck!, then it behooves tho Lotrislaturo ti consider what 1st he nrxt' thing to be done. TIn Bswvri will bo' . it correctly nscrcd, charter as many . . institutions lis tho people ai for and still charter more ' as thty"'mayv be de manded, until tho whole nooph becomo stockholders ;in tho monopoly tnd then, it will no longer be a monopoiy Money'- like tverythuig tise, commands price in; accordance- with hc demand'- in tho markets -It! tho dctnaud is-great the rate will bo high. , Supply the demand, over-stock the market and the rate must below. North Carolina" has" alreadv driven from her Statu monc$ which might have been profitably used in 1 building up her prosperity. Low rates of interest, regulated by tlie Legislature, has driven it to seek investment whero ', it will pay tUo owner better, and thus : will it ever be until the sea lo shall fall from tho eyes of those honestly blinded ay-cany teacnings, ot tnoso wuopevcr contemplated tho changed system of tho affairs of North Carolina. : Hero let me bea that no orio will think that the writer means anyi disrespect to inosc 01 wnam no speaks, tor, many ot North Carolina's best and . wisest states men havc entertained uotions similar to those urged as an objection to tho bank bills under consideration by the Legis lature. Yet itho writer doe believe.that tnoso same statesmen, lrom his stand point, would think in .these '. changed times just as! ho thinks and fuels J m- pora mutantur mutamur cum, illh. increase ypur Circulatiuc metiium by increasing the number of bunks. Have competition among the lenders and not confine tho borrowers to lew institu tions. Do this and . rates will rcgulato tbcmscLvcs, Drive nu more capital from : the State. But open the doors, invito the capitali ta to coiuo in with hia thou- ' sands and compete wilrTthe ; lenders -already.in the field. ! ' . On Saturday last (tor the first time in th history ot North . Carolina) did the farmers ask tnat Lrivucge. which had frequently been granted to the commer- cial men, of tho land, via:. To allow them to lorm a, co-operative monied institution, witb , the privilcgo of de manding urate of interest above 8 per . centum. Thiey wdl knew that thty had ' often to pay 131 5 and 25 per cent, and ; they desire a charter idr .the Farmer's Loan Bank, pleaded to be owned and controlled by the farmer aud used lor : li'a lwinnfit 1 Thrnnnh H.o 'n!.! .,F ' institution ho hoped to be able to buttle with the men of coiunierce.at , least to get' what little aid h .would require, nt alowtJiiraiu than la an.l 20 .'pur cent. The farmed thinks that ! as a " fellow -feeling makes us wondrous kind " that, he cau hope jto obtaiu money at ' less . rates, when needed from an institution like this, than he cun from any other in the State ol IISi;rtu Caiultna. I hat Mio rate will le jmir and ihu icti'tj-rn liitlo , more gciitroai sis i;o it umi ' 'y- - ment , J:. . v.,.J.:-'U'' t ' : ': - lie ubks tho tljuru r with :i;;H Icnoo". i trusting inai ,1 bo 'L.iehuur, Hlioultt it peruut onju utiijy 1 tv;-.s,it irs thu -.'; State, would; a- .willingly .a-w'tttat m-t-nopo'y troup tiuniar i it ".ule limda ot tho bone and siuvw il the c)n'ry. The Uinicr ask9 U" urivih.LW-lhat has not b'i 11 accorded iir Kthi'-', but detuiud ot ihe Legiai.it u:evi hut. if an execeptioa is t be made li is entitled, to the .exception, as hia farm hiuijiho ducts are tihe niniu KUpj;ri..; i the. treasury ol liu Stale. .: ' , ,, IIw can a Legislator Jaui his i on stilucnts on bis- return hnmc mul an swer the qucjtidii, why ; did yon not grant to the liarmcr Iho tkmtv which asked lor tiUjiutiitttMii' ur Jus mnttc tioa and accbiuidoUtioii ...,Cah you wy -to him tliMt lie v as nu 11 1 t 1 it i it-st td with the o.i t r cuiiiliw to iiiHt I 'Hi t il on others i Can im v tiw. u !-.. sired citizen f thu Su: t - lc pso- . ttctud Iroid the j payment of large y rates of . icttrckt t If you do, he ' will uiiH.vcr, ih'd from Ah 'u indltution I . haJ hope i in buriovv liiojiiiv t;t lft '2 lit, the ouUIde, ; .iii'.i; by to chaib r .! yoi! tliive in ity 4 !)-! kts -iUi U l.". or )C( lill;llt J!or W iiU jl I w ii! 1 t'i'pa i't'ui ':. lnv per i xnt. or Vour rcltR.:il to the nctc- to ns-k nlv'.i will your-ow vour w :i . . . . . - iTi.ill t'V.riiI II ll nnviug fi'ut i III!) . l t H t;l! r.l lor ! '.".y- li.S WO!,. L.l it nut ol ths. ::iiii g-tnxt' 4 in. IU. 1: a "A tlii I 'v" '-i'ii th.isj.1.- J ,1 ti-u.',t iii Must; Ci"i.t-i i" li' d iHV,l III lie V.t'--.. 1 . I fit, j.!Ml tiii ,.. ifcti: i:t;, ,t ei.'id . i., r iioiu ' s i. North puol ii... , -L. ii'.-'iiture ( Qi.k VtUo vwsuiia auii ii"Anfcu VViit.i.. The cclt-trated Corsican Jugand' Su- . ni, who was killed last .mAnth in a fiht wilh( j;endai mcs, was the ablest . ;f the biigatida of that Islands, lie had f.;0f fjmcs Ixicn Buu'.cpccd to 'death, ytt iiu f iror amag the pivptc and his dar-' hig c.'-urago Raffled . ttit-.t,k-np'j A XVm , gendarntes to catch', ii'iu ": for tivi-'ycrfw. '', I'.i tJVxCiejiiifeliiolniijr ; yivtvaif(:itii)i) it lias t-i;uu but that 1 WiiiMs'C." Durant givve -$10,000 --.iV-help .-.HrtoiK,in his t-le;tiin to the U. St tfsato lrom Iowa. Sir. C. S.: 15u-hv:llr oue of the Union -I'acfCi- Dirttnra.itetifi k1 tbat lie per- J.irn.t d a !;kjo service: f J. M..T hagtc, . CX-Seautot from Ntvatla; tk-fc i ' 'A new tobacco ware house "lias been built at Leaksville. i