Newspapers / The Weekly Standard (Raleigh, … / Oct. 21, 1857, edition 1 / Page 2
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THE NOinro ft ifi :1 3;' 34-.-' FA eh KLaTtdanL - . Memrti Editors: fc: . r-v 'X & p Some two years ago. there appeared In the Stand ard a communication over the signatore'of M Lake Johnson " which I respectfully request you publish gain. Its suggestions are worthy of the earnest . consideration of every Southern inan. They are . neither visionary nor impracticable, and were they tarried into effect, indeed, " a change would come o'er the spirit of our dream." Not long since it was proposed to establish line of steamers between the Southern and European . porta. The South said it was a good thing; but no thing has been done toward the accomplishment of so laudable an enterprise. 1 Will not the present money panic open the eyes of the South? Exchange on the North cannot be obtained, and our best Southern money at a dis count of 8 or 10 per cent. . The truth is we are in a state of pecuniary vassalage. We of the South are rich in all the resources which tend to make a peo ple prosperous and happy. Let us avail ourselves of them, and be no longer "hewers of wood and drawers of water." We hope to hear from " Lake Johnson" sgain on the subject. And will you not also, Messrs. Editors, engage in its discussion ? No thing could prove of greater interest to your read ers. iim " From the Standard, August 7, 185S. v Onr patriarchal institutions are assailed by foreign and domestic foes. France and England have avow ed their hostility, and our brethren of the free States ore determined to repeal the fugitive act. This will destroy the Union. Is it not in the power of the laveholding States to preserve it? It can be done by exporting and importing for themselves. It will be contended by many that it is not practicable, hav ing neither ships or seamen. A late able writer of New Orleans states that wc have now four mil lions of slaves. Virginia is the largest slave bolder, eVer conspicuous in times of peril ber lead will be followed and vigorously sustained. She sends off annually a large number of slaves to the South to increase the production of cotton, alieady exceed ing the demand. Would it not be wise in her to es tablish shipyards in all her suitable ports, and set several thousand of her male slave, from sixteen to eighteen, under able ship carpenters, to building ships ? It is likely all the slave States would follow the example. In a short time they would have ships enough to export and import for themselves. Shipping direct to foreign ports, their valuable pro ductions would yield such profits that higher wages might be given to seamen than could be paid by any other power. The water-power of Virginia cannot be surpassed. Why not retain all her female slaves ? establish cotton and woolen factories and manu facture extensively f Every Southern State would follow and profit by the example. A wealthy Pee Dee planter has made the experiment with success. Such an undertaking will be attended with some dif ficulty. Where owners of slaves decline, they must be purchased at the highest prices, or hired. To in duce investments, the State Legislatures should ex empt from taxation, both shipyards, factories snd hands, and give premiums for ships of the best mod els and structure. ,They should also use their credit and influence, and loan liberally. Millions are ap- ropriated for the building of Railroads all value ess if the abolitionists are not arrested in their mad career. . As an offset to incipient expanses the char acter of the slaves would be elevated their feelings Secured from outrage by keeping them at home, and the interest of the master promoted by adding to their value at least one-third. Such a division of labor would increase the value of all our staples, es pecially cottoo, by reducing the quantity. It is the scarcity of an article that enhances its value. Adam Smith illustrates the position by an example. The Dutch East India Company at one time were the exclusive owners of the Nutmeg region. On a full crop they burned one-half to realize greater profits. Like tho Company, the Southern Stales have no ri vals they control the cotton maiket; but such a process would be anti-republican. The object may be obtained by a diversity of pursuits. It will not be assuming too much to say if one-fourth or fifth of the slaves now engaged in growing cotton, tobac co, and naval stores, were withdrawn the males worked in shipyardsand other mechanical operations, the females in factories that the annual crops thus reduced, would yield a greater amount in money, and increase the income of every slave holder. If this reasoning is correct, the building of ships, and manufacturing of goods, excepting the materials, would be free of costs, deducting the outlay fur ship yards,factories, master-workmen and superintendents. To these expenditures there are offsets. It would afford in every State a market for materials which are now sacrificed, when sold to Northern contrac tors, in the absence of competition. Our climate, laborers, and the materials at hand would enable us to compete and more than rival the shipyards at the North. Our sons and brothers instead of emigrat ing would soon become master-workmen, good sea men, and commanders of ships leaving the social circle and family ties unbroken, ready to administer to the comforts and happiness of their parents, in their declining years. Exporting, importing, and manufacturing for ourselves, would reduce the coast wise trade to reciprocal exchanges, now the most extensive and richest in the world, transferring to the North a concentration of capital which is rap idly converting this into a central government, im poverishing the South and enriching the North. It . would also give us a commerciaj marine greater than the North could maintain, which is indispensable to our safety, as we should become carriers of our im mense productions instead of them. The slave States produce at least two-thirds of the exports the im portation is in the same ratio. The revenue arising therefromcollected and expended in the South, would render her prosperous and powerful receiving a rich harvest from duties on foreign goods. A tariff for revenue alone is protective--it is a premium to the domestic manufacturer. It would enrich and render us independent of our Northern biethren. Here we should have no contest about wages. The alaves well fed and clothed, nccustomed to labor and discipline, would work well. Our patriarchal system, SO much abused and so little understood, has produc ed astonishiag results. The importation of Africans into all the States has not exceeded three hundred thousand. The present numbei of slaves is said to be four millions. v Avoiding the disruption of families, as already Suggested, except where the claim is forfeited by bad conduct, the system thus ameliorated and morally refined, the result of interest alone would secure the approbation of every patriot and lover of his coun try, and place the slaves in a far better condition than the free blacks of the North or South. Their characters elevated by mechanical skill : the inter est of their masters advanced, redundant crops of cotton, tobacco ana naval stores reduced so that the supply will not exceed the demand ; the lands now rapidly exhausting, permitted to rest ; richer pas tures, and more grain; greater pronuction per acre-, ana oetier living, the consequence. By shipping di rect to foreign ports, we rid-ourselves of ruinous monopolies, at the North and in England, where thev reship and supply most of the European markets with our cotton. In carrying it direct in our own bottoms to those ports, we would extend our com mercial relations, augment our trade and lay the fotinaation for a commercial marine, co-extensive with our exports the most engrossing and com mending known in this or former times. This 111 operate like an electric shock, and brine our North era brethren to their senses and save the tin ion. Their politicians and divines will have enough to do to support their families and pay their taxes. They should also understand in dissolving the Union they open the door to direct taxation,which they can never close, and destroy conservative elements indispensa ble to to their safety, which alone can arrest the march of the Agrarian, whose footprints are already visible in their land. Slave labor has been decried and unfavorably contrasted with free, both by Brit f ish and American writers. Facts are truer than ar guments. If four million of slaves produce annual ly more exports than twenty-three millions of free, people, it follows that no labor Is so productive; that all the writings and arguments to the contrary are fallacious; yet we receive no refreshing showers in retain. The hand that contributes most receives least The action of the eovernment is arainst n nd its force accumulates, as its .expenditures , in- ta not the fault of the Administration, but the vt Ji . BJen. President Pierce has done r. , H u n honest aiMj tbIe defender of the VOOSUtUtlOn. . RnTtrwuut tti. C,.t. -tj-J I I ranee and England, could effect universal emand- pation, what would be ) the,, result t The products of slave, labor would cease, and produce a vacuum in commerce and manufactures the world could not fill. Extermination; and barbarism would ensue; and the South, now teeming with the richest produc tions, would becomes desolate land. The stoppage of the cotton-mills of Great Britain alone, to say nothing of her tobacco monopolies, with her accu mulating debt, would reduce her to a fourth-rate power, and put an end forever to her dominion in India. She will find ready to supplant ber, her new and favorite ally, and Russia, her most formid able foe. The free States have many things to lose, and nothing to gain. The wealth of the South pas ses annually through the hands of the Northern merchants, subject to reductions revolting to the feelings and interests of the producers. To stem a current so broad, so deep and rapid as our coast trade, and thereby render powerless abolition agita tors, calls aloud for such energetic action, as can only result from imperious necessity and great dan ger. Something roust be done, and that promptly, or the Union will be dissolved. The veto-power cannot protect us. What then is the proper course ? A suggestion only is allowable. Let the Legisla tures of the slaveholding States confer with each other, call a Convention in which all shall bo repre sented, and resolve that the products of slave labor cotton, tobacco and naval stores especially shall be shipped direct to foreign ports, on assignment, until we can build ships ol our own. Many of our merchants are opposed to importing. They say they can buy cheaper in New York, Philadelphia, and Boston ; unmindful of their thus crippling the planters in the remittance as it will take probably ten ships loaded with cotton, tobacco and naval stores to pay for the dry goods one ship will bring -to our ports. This is equally disastious to both. The importing merchants, with their once dignified and lofty mein, are no longer seen in our towns and cities they are cut down to shopkeepers.'' If they have inherited the pride of their ancestors they will be ready to make an .effort to regain the dignified station they so profitably occupied. It has given to the North a tonnage which must exceed that of all other nations, and a commercial marine, at our ex pense, as formidable as it is unfriendly. Take from them the products of slave labor, and, except nu merically, they are powerless. Let the worst come, and they could pay neither seamen nor soldiers. It is needltss to disguise it, the Union can only be pre served, apart from the workings of a superintend ing Providence, by a Conventional movement on the part of the slaveholding States, called and protected by legislative enactment. Such an alliance violates neither the letter nor the spirit gf the Constitution ; it is to preserve, not to destroy. Under our patri archal system they possess a lever of unprecedented power. If ptopcily economised, and wisely direct ed, they may defy all opposition, either domestic or foreign. "Cotton is King" it is a trtasure more commanding than that which all the bankers of Eu rope possess. Mr. Tuinhohn, in his able report -to the Chamber of Commerce sitting in Charleston, in April, 1854, states that the transportation of cot ton alone employed four hundred ships; and twelve millions of dollars. This statement is from memo ry. The inferuice then is irresistible: withdiaw Irom the Worth the products of slave labor, ana a rapid declension will ensue, and the chits of the South will become a great Emporia of Commerce. Such a movement wil antsi attention and ex cite enquiry. New England is utterly unprepar ed for such an event interest, and not humanity, is nearest to her heart. To pay cast for cotton or stop her mills to be cut oil forever from supplying four millions ofslaves, with their inciease with nine teen twentieths of their clothing her tonnage de prived of the transportation, and driven abroad for employment, are im osing considerations. It will cause the fanatic to pause, and business men to act. Boston, New York and Philadelphia, absorbed in commerce, in exporting and importing for the South, and dispensing tieasnies that have destroyed the equilibrium of the government, and opened thr door to an alarming centralism, hath not deigned to dwell for a moment on the weakness and uncertainty of the tenure. The question arises, what are the re sources and powers of the South ? Her statesmen are now called on to portray them to reduce them to order and give them effect. LAKE JOHNSON. For the Standard. HON. JACOB THOMPSON SECRETARY OF THE INTERIOR. Messrs. Editors: At the commencement of the year, we gave to our reader sketches ot the Presi dent and the members of the Cabinet In this, with out design, Mr. Thompson was omitted. We now endeavor to supply this omission. Mr. Thompson is a native of Caswell county. North-Carolina. He was born in May. 1810. His father, Nicholas Thompson, was a respectable and excellent man, who belonged to that enviable class of society, possessing 'neither poverty or riches;" and r f.i i j . i .. conscious oi me vaiue ana importance oi euucauon, ne bestowed upon bis son every advantage the country afforded. The early education of Mr. Thompson was conducted by Mr. Bingham, Sr., at Hillsboro' ; the fidelity of whose teachings have been proven by the many "rare and ripe scholars which he sent to the University, and whose success in life has prov en how thorough were his instructions. Mr. Thomp son entered the University of North-Carolina, and graduated with distinguished honors in 1831. Among his associates in college, and whom he pre ceded by a rear, were Hons. James C. Dobbin. late Secretary ot the Navy, and I nomas L. Clingman, at present a member of Congress from North-Carolina, Cadwallader Jones, hsq., late Solicitor General of North-Carolina, and others. On the same day on which he graduated, he was elected by the Trustees and It acuity a tutor of the College, where, for eigh teen months, he strengthened and deepened the foundations ot knowledge already laid. After this service Mr. Thompson entered the law office of the Hon. John M. Dick, at Greensboro , now one of the Superior Court Judges of North-Carolina, and was licensed by the Supreme Court in 1834. The next year he emigrated to Mississippi, and settled at Pon toloc, and at once entered into an extensive and lu crative practice. In 1838 he was married to Miss Jones; in the following fall he was elected a member of the House of Representatives, in which he served continuously until 1851, when he declined a re-elec tion. It belongs to tne statesman and historian to ex amine and discuss all the great questions of public interest which agitated the public mind during this excited period, and to extract lrom the many speech es made by Mr. Thompson hi views upon the differ ent questions of the day. bumce for our purpose to say that he proved himself a Democrat of " the strictest 6ect " on all these occasions the detenu incd foe of all corruptions or intrigues, the constant advocate of truth and justice, the liberal and imtn otic statesman, and the unswerving and fearless ad vocate of the honor and interests of Mississippi. He took his seat in the House of Representatives, as a member from Mississippi, on the 2d dav of De cemoer, iea, wun me uon. a. u. Brown, now a Senator in Congress, the sole Representatives at that day. This was a period of extreme political excitement, and the nrst lessons which Mr. Thorn p son received in the stormy school of politics were well calculated to try his consistency and his nerve. The celebrated New Jersey case, where a partizan uuvernor enaeavcrea oy tne oroaa seat to tlx a a a .i s m.m broad lie upon tne national records, and to place men in office not elected by the by the people. The independent Sub-Treasury system, the policy of which was so " much questioned, and so ferociously assailed by the advocates of corporations and banks, 'iiw. iuu w icrociuusiY was then agitated. The sagacity of Mr. Thompson perceived its advantages, and opinion has proved its importance. But for this system, the government would now be a sad sharer of the financial ruin that spreads through the nation. In a speech made 14th January, 1842, he opposed the temporary expedient oi toe issuing oi xreasury notes, without creating, at the same time, a fund to meet the debt - On tbe Zlat reb. 1843, be made a noble and eloquent de- fence of the State of Mississippi, in reply to the as- - saults of Mr. Adams, (J. Q.) and Granger. In tbe defence of the Administsation of Mr. Polk. on the Mexican war, and other questions, he wss the right arm of power in the House, alwavs readr ' firm, able' and devoted ; io tbe subsequent sdminis- IMtinn tm wd , . A -1 n I I. - . - m .vt vi w on uuen, oy ms i ear less denunciations of the "Galphin swindle," and other peculations on the public Treasury. He then declined a re-election . to Conn-ess to attend tn hia private affairs, necessarily much neglected .by so long service ia Congress. - We learn that the same ability and sagacity bas led to similar success. Ho is said to be one of fthe wealthiest men io the State. Tho- alluring and elevated post of Senator in Con gress, vacated by the appointment of Bon. Robt J. Wa'.ker to the Treasury Department, was offered to him in 1845, which he declined. His appointment as Secretary of the Interior by Mr. Buchanan was hailed by the whole country as one peculiarly " fit 'to have been made." The laborious services of Mr Thompson on the Committees of Public Lands, and on Indian Affairs, in the House of Representatives have rendered the responsible duties that devolve on him as Minister of the Interior, '.familiar as house hold words" to him; the tea!, promptness and jus tice with which the.heavy amount of duty devolving on this department is dispatched, is alike to the sat isfaction and admiration of all who have business before it. By some he is considered rather strin gent, but in ' these pnrsy times," this is rather a virtue than a fault While the government is not fleeced, substantial justice is done. The merits of each case is carefully weighed, the points well in vestigated, and the decision, unequivocal, decided and frank. . In his private intercourse, bis manners are marked by the same charming simplicity that has characterized his life, and has won for him such troops of friends." M Ho is one of the few men, said an old friend of his boyhood who recently visit- eU Washington, "that high omce bas not aneciea. He is the same Jake Thompson I knew at Chapel Hill." W. Pat Your Sxall Debts. There is a general call in our exchange papers, upon an.peopic, io pa their small debts. And no more sensible or timely anneal could be made at the present juncture. A general compliance would furnish the key to unlock the doors of that abundance of which the country is known to be possessed, but which is now hoarded for want of confidence. The evil of the day is too much credit. People have gone in debt too much. It is scarcely incorrect td say that ettrrj body is in debt The exceptions are as one to one thousand. This being so, we may safely say, that every dollar paid, will, on an average, in less than a week pay ten dollars of debt, by passing from hand to hand. You, dear reader, pay us, (we are supposing a case,) we pay our creditor, he pays a thiid person, he a fourth, and so on ; and perhaps in its current the same dollar may come back to first hands in pay ment of a debt due bimseir. Let a man think of the good he can thus do to his neighborhood and his country, to say nothing of his own personal sat isfaction and independence, and we think he will act accordingly, if he be a just man, with any feeling of kindness to his fellow and to himself. There is unquestionably a great deal of wealth in the South. The prices of its productions have rang ed so high that many have become rich. Too of ten, however, instead of paying debts with their in come, men nave laid it out in buying more lanas and negroes, and have suffered their debts, espe cially their small debts, to go unpaid. If this was wrong heretofore, when times Here easy, it is doubly so now. when every man wait's wliat is due to nun. and when its payment would relit-ve himself and many others from iroublv. One of the immediate caiiM-s ol Hie reeni troubles wind! nave spieau from New Yoik all over the cmintr', i, that coun try merchants, who bought goods on credit, do not pay for them when their notes are due. And how can the' pay, when the goods have been credited out all over the neighborhood and no amount of dun ning will induce the debtors to pay? e rut this to every readers conscience. ho can he excuse himself, to himself or to his creditors for either neglecting or refusing to pay, when his own credit, and the credit of his neighbor, the re tailer, and the credit of the country, depend in a measure, great or small, on his conduct? Pay up, pay up, we say to every one who reads this. Pay your mechanic, your merchant, pay every body who needs what you owe them. ray. Out. , W m. Gilmoke Simms. Among the many excellent institutions which reflect credit upon the people of Providence, R. I., is the Athenaeum Library. It contains some twenty-two thousand volumes. An attempt has been made to satisfy the curious by an alyzing the books read, and as far as practicable de termining the popularity ot the different authors in that community. The books delivered are classified in the report of the Librarian as follows : Whole number of volumes issued, 19,289. fiction, 9,214 Biography and History, 2,971 Voyages and Travels, 1,825 Poetry and Belles Lettres, 1,774 Art, Science and Law, 1,087 Religion and Philosophy, 873 Periodical and Miscellaneous Literature, 1,505 19.289 " From sn estimate by (he delivery of their works. the following (says the Librarian) is the order in which the authors here mentioned are ranked by our reading community : First Sir Walter Scott, Si mnis. Cooper and Dickens, with not ten volumes difference between them. Irving stands next, tc.' What greater compliment could the friends of Southern literature desire, than this popular verdict of the most intelligent Northern community in favor of the works of W. (Jilmore Simms, of South-Caro lina r Norfolk Argun. Something for All. So various are the appetites of animals that there is scarcely any plant which is not chosen by some, and left untouched by others. The horse gives up the water hemlock to the gnat. the cow gives up the long-leaved water hemlock to the sheep, the goat gives up the monkshood to the horse, Ac. ; for that which certain animals grow fat upon, others abhor as poison ; hence no plant is ab solutely poisonous, but only relatively. Thus, the spurge which is noxious to man, is a most whole some nourishment to the caterpillar. That animals may not destroy themselves from want of knowing this law, each of them is guarded by such a delicacy of taste and smell, that they can easily distinguish what is pernicious from what is wholesome ; and when it happens that different animals live upon the the same plants, still one kind always leave some thing for the other, as the mouths of all are not equally adapted to lay hold of the grass, by which means there is sufficient food for all. To this may be referred an economical experiment well known to the Dutch that when eight cows have been in a pasture, and can no longer get nourishment, two horses will do very well for some days ; and when notning is left for the horses, four sheep will live upon iu Don't Hoard the Specie. There is abundance of specie in the country for all the ordinary transactions of daily life, if it is only kept in circulation. Spe cie is me lite blood ot business, and, if it be want ing to any considerable extent business will Ian- guish, stagnate or decay, in proportion as its life Diooa is wan line. The propensity to hoard specie is one af the low- esi anu meanest vices oi the human mind. It ia me very essence oi selfishness. The propensity is naiurauy neigniened in times of panic like the present, and often seizes upon men who in ordinary seasons would be entirely free from it Let ah who have a spark of kindly and liberal feeling "resist the iciiipiauvu anu u win nee irora mem. There is still sufficient gold and silver in the coun try to keep the wheels of business in motion, snd thereby euable honest industry by daily labor to earn its daily bread. Whatever of want and suffer " uia miner anionic mose wuo wuuiu ing may prevail this winter among those who would labor, but can find no employment will be largely owing to the hoarding-of specie. Those who cause this want to fall upon the poor will receive their pay in the due season, if it be true that " with the measure ye mete withal, tbe same shall bo measur ed to you again." Extraordinary Scientific Experiment. Th r. porter of the Boston Traveller, while I . e: :c rt .? . .... oireuuuc vonvomion ai Montreal, witnessed an experiment by one of the learned members of that body, which he describes thus: "we had s large body of learned men, who, though . modest, could not cover N Oeliass. The Bank of Orleans, Union, Me the scientific habit beneath anv eloak of small talk, chanices' and Traders' Banks RITA (naiuiutiut - I saw one large, red-faced, burlv rentleman an adroit experiment at White river junction. He nueu a lumoier nail mil of water, and by dischsrg- is pwact pisioi into me same,- cnanged its color into a brandy hue. After holdiotr the liauitT to th light, be deliberately drank it! J understand tho experiment U quite a trcmmon one." - Corroit is K iso. And cotton is quite as much the product of the North as of the South." It is a great national power, reared op by She conjoint in dustry and capital cf the North; the South would' . have to divert two-tbirds of her labor, from agricul tural pursuits, in order to produce the ordinary ne cessaries snd comforts of life. . She would then have no cotton to sell,' and cotton would cease to be king. Those who consume cotton, those who manufacture it those whw carrv it to .market those wbe sopplr' ,the implements of industry to cultivate it who furvh the clothing for the negroes, snd comiorts ana lux uries for their owners, are as much the' producers of cotton as the soil, the mules, and negroes of the South. . - ' ' . . The North and South share alike the merit and demerit of cotton growing. ' The North brought the negroes from Africa, - and the South bought them ; and now the North sustains slavery by .consuming slavo products, and furnishing slaveholders ' with means snd facilities to render their business profit able. - - Europe needs our cotton, and tnuBt have.it It has therefore justly been called King. But she equal ly needs the wheat and corn, and beer and bacon of the North-west All agricultural products sre de ficient in Europe, snd hence the sulplus of America is a element of power a means of preserving peace, as i ell as a source of wealth. 7 The free labor of the North and the slave labor of the South have - become equally indispensable to Christendom. Should Eng'and lose India, or become crippled in her power there, the products of Ameri can agricultural labor will become still more neces sary to Europe. With the capital, commerce, and manufacturing skill of the North-east, tho agricultural labor of the slave labor of the South, acting in harmony and uni son, and America is the most powerful nation on earth. But divide these sections let each set up for itself each carry on independently all industrial pursuits and we should become as contemptible as China or Janpan; for we should produce no surplus to sustain foreign trade or intercourse. Commerce bas destroyed both sectional and na tional independence. It is fast making civilized mankind a common brotherhood, and rendering war among Christian nations almost an lmpossiuimy. What binds Christendom together should surety bind our Union together; for here the dependence of the parts is more intimate. Disunion would de stroy that happy division of labor which now in creases the wealth and productiveness of each sec tion. We appi ehend no such event, but think it well to remind our people of the evils of disunion and the advantages of union, in order to foster and inculcate better feelings between opposing sections, and to beget a proper respect and admiration for our. insti tutions. Any serious change or disturbance in tbem would be attended with baleful consequences, not only to us, but to all Christendom ; for trade has, in a great measures made us all mutually dependent Ihe consequences of the abolition of southern slavery, of Northern commerce, or of Western ag riculture, would be as wsastrous to one section ot the Union as another, and be felt more severely in Europe than at home. The South is attending, possibly, to little too coinmeice and manufactures. But no people can do double work. She must cease to be distinguished for her mighty agriculture, if 6he diverts much of labor and capital to other pursuits; and agriculture is her natural and proper pursuits. The North-east may neglect agriculture too much ; but, by over attention to it, she would forfeit her mercantile wealth and enterprise, and her commer cial glory. In the North-west, the fertile and exhaustless sou of her prairies invites to agriculture; and it would be folly in her to quit the healthy and independent life of the farmer, for the close and confined air of the factory or the workshop. Each section is following its sppropriate and nat ural pursuits, carrying them on with profit and suc cess, increasing thereby the dependence of the differ ent portions of our country, and strengthening the bonds of union. Ihe olata. Time roa Cactiox. Under this caption, a corres pondent of the Tobacco Plant submits some very timely and seasonable remarks, which we annex: If there ever was a time for an unusual exercise of prudence; if ever there was a necessity for great caution, that time has come ; trade has been extended beyond anything in its history. Property has been steadily on the advance for the past fifteen years,and many persons have thought that it never could recede and have acted upon this con viction.a thing which ne ver happened andnexer will happen ; an absurdity. When excited speculations nave pressed property as far as it will go, then with as much certainty as the reflux of the tide will it recede, sweeping and des olating everything in its course. With the present decline every thing that labor and land produces has declined, and is declining the credit of the State of Virginia itself has lost ground nearly 83 per cent Sugar commenced its fall twelve months o, tobacco two months ago. isrcaasiuns promise to be within the reach of every poor man. Ihe granaries of the United States will have to be pulled down and larger ones built to receive the blessing of a munificent Providence, not for the benefit of the rich but for the poor, the cry of whom has leached the cars of the Lord of Sabbaotb. King cotton two has at last come to the conclusion that coon came to. who found out he was treed by Captain Scott, and by last advices from tbe South, has declined too cents per pound. The panic which for a long time seemed to bo a visitation of Providence upon Yan- keedom, has extended west and northwest, and its flourishing cities bloated with excessive speculation, wsro paralyzed at one fell stroke, and trade languish es in all their borders. New Orleans, tbe Queen of the Southern trade, has felt the shock and reports 1 money matters are feverish." The agents in that city of tbe Northern Bank of Mississippi were unable to redeem her notes on the 1st of October. W bat will be the result of the present unsettled state of things, time only can develop. We can only form some idea from a similar state of things in the past history of our country. A time for caution and great pru dence has come he that is cautious cannot lose and may win. A word to the wise is sufficient Not so Bad orr as wb.seex In the inflation of prices produced by the abuse of credit in 1837, the prices of food ran up to an enormous height, in some cases exceeding tbe high prices of the present year. Flour was $12 per barrel, and other prices in the samo exorbitant proportion. So completely bad in dustry been diverted from labor to speculation, that we were actually obliged to import grain from Eu rope a fact unexampled in our history before or since. Now, however, the case is different Boun tiful crops have everywhere blessed labor with a rich reward, and, instead of having to import grain, we have plenty of it to export to Europe, and would do so more largely, if the inflated prices did not prevent it Tbe general decline in prices, without any alteration of relative values which is now taking place, will enable us to pay our debts abroad by means of other of our products than cotton. PhiL Ledger. A Good Word for the Ladies. Some of the pa pers are- lecturing women upon extravagance in dress, and advising them to retrench, especially da ring tbe present financial difficulty. Doubtless there are many cases of unwarrantable extravagance in mis wsy ; but do people ever consider that two or ' three glasses of brandy and half a dozen regalias, indulged in daily by a man, to say nothing of fire ana icu uouar umnere, amount to more in a year i , . . . . , . . Z?. . If.q AT-. W?men ?f 10 I lu" ?ul J V ' ucu oi mis iaic about the extravagance of women is nonsense. They are almost universally careful, and many a trader would to-day have been safe and sound if h had listened to the prudent counsels of his wife, . raiucr man me recaiess promptings of ambition. It is natural lor mean men to endeavor to shift the I sponsibility of their follv to other shoulder ; hut it I ,a Hid.. Ia. 4 1 . , . . ,-, " T- ",uv-u, w "rK commercial revulsion 1,ke upon one s wife and daughter. Tribune, Bank Sutpentiont. Cotton nine and a half tn ton t ... St- Louis. A heavy run is being made on the the state or Missouri. The ability of the I wn" noia oui is doubted by some. . Nasbtillk. The Rank of TcnnM. v.. Tho Legislature is engsged in consideriosrLho ; ;j legalization of the policy. ' ...- Tr.'. W CAPITOL AND -CAPITOL : . . -i J- , EXPLANATION : (A.) Statue of Washington. (B. B. B.) Circles for Flowers. (C.) Pump. (D.) Arsenal and Belfrr (E.) Woodhouse. (-) Seats. (....) Borders for Flowers. () Elm Shade Trees. We present above an outline plan of the improvements on Union Square, ingeniously contrived with type snd rule by the foreman of our office. The space represented in the plan is a square of four acres. In the centre stands the Capitol, a fine fire-proof structure, of hewn granite, from a quarry io the vicinity of the city, bnilt in the most massive manner. The cost of the building was about $550,000. Its length is 160 feet; width, including porticos, 140, and height 100 feet. The columns are of solid stone, more than five feet in diameter, resting upon a basement 16 feet high. The proportions snd entablature are copied from the Parthenon. Wheeler says of it in his history, it is " an edifice which, for durability of structure, correctness of architecture and perfect adaptation to its intended purposes, bas no superior in these United States. The old Capitol was destroyed by fire in June, 1831 ; tbe erection of the present one was commence! July 4th, 1833, during the governance of Hon. David L Swain, and was completed and in use in 1840. During the present year, under a resolution of the last General Assembly, the grounds around the Capitol have been laid out and improved under tbe direction of his Excellency, Governor Bragg. The im provements were planned and executed by Mr. William IL Hamilton, landscape gardener, of this city, and are much admired for taste and variety. At the southern entrance stands the celebrated bronze statue of Washington, by Hubard from Uondon, purchased, erected and enclosed at a cost of about $12,000, by au thority of the same General Assembly. The Washington Stale pays the following high compliment to North Carolina and to her Gov ernor and Treasurer : " Nobtb-Caboliha. We observe a notice in the last Raleigh Standatd, authorized by tbe public treasurer of the State, that tbe interest on the bonds of the State of North Carolina, due on the first day of January next, would be paid now at par on pre sentation of tbe coupons. In these daya of panio and pressure, too much praise cannot be bestowed on this course. It con trasts favorably with tbe conduct of the proud em pire State, which, under the rule of her present black Republican leaders, has suspended payment for public works already done upon the New York canals. While the stocks of other States have fallen in the market, those of North Carolina are held at and command tbeit original value. As was said by a distinguished banker of this city, " North Carolina bonds will do to sleep upon." We learn that the Secretary of the Interior bas invested heavy amounts of the Indian trust-funds in these unquestioned and unquestionable bonds. Much credit is due to the patriotic Executive of this noble State, and so none more than Mr. Courts, who bas so long and so faithfully served ss ber public treasurer." Tbe Farmers' Bank. The Elizabeth City Sentinel says: " In our town and community we have heard of some grumbling, owing to the merchants of our town not giving change for Farmers Bank money. This is wrong to ask of the merchants. For no one ought to suppose that a merchant should give silver change for a suspended Bank note. This they can not do, but If you trade out tbe amount of tbe bill or bills, tbey take them as usual. And sometimes even give a little silver change. We saw yesterday e debt of $1.44 paid with a $3 bill on the Farmers' Bank, snd $1.66 in change g ven. Bill holders are not frightened about them bete. But a good many think as we do, that it will be some time befcre the Bank resumes." Agate. We saw a beautiful apecimen of agate, found in this country, which was deported at Mr. Trotter's Jewelry shop. It has been taken to New York, and split open by a LaLiJary and polished. It appears from its beautiful coloring to be equal to any we have ever seen here in Jewelry. The min eral resources of North Carolina are becoming more and more developed, and we hope to see the time when the old North State will take her stsnd along side of her most favored sisters in respect to her mineral resources and everything else that is calcu lated to raise her to an equality with them. Char lotte Whig. Dyspepsia and Debility Cured. Theo. Frank, Esq., of the Pittsburgh and Steubenville Rail Road Office, says : " For years I have been an invalid from Dyspepsia, With a hope of relief, 1 resorted to many advertised remedies, but failed in deriving tbe benefit sought fa nntil I tried your HOLLAND BITTERS, the hsppy effects of which upon the digestive organs, and in restoring a debilitated systems causes me to re commend it confidently to all suffering from Dys- pepsia." We learn that on Wednesday last, Wm. K. Collins, son of Josiah Collfns, Esq., of Lake Phelps, Wash ington county, was mortally wounded by a fall from a horse- He wss thrown against a tree, breaking his thigh and injuring him internally. He died in three hours after receiving the wounds. Wath. Dispatch. Northern Market. New York, Oct 16. Flour advanced Southern $5.50 a 6.75 ; Ohio $5.15 a 5.60. Wheat dull holders demand an advance. Corn advanced Mixed 73 ; Yellow 75 cents Stocks firmer Virginia's 83. Baltimore, Oct 16. Flour heavy Howard St $5 87; Ohio at the same figure; City Mills, $5 cash, $5.25 on time Wheat little firmer Red $1.05 a 1.15 : Wheat 1.10 a 1.25. Corn higher White 64 a 70; Yellow 65 a 66. Tennee Legitlatvre, de. ; Nashville, Oct 16. The Bank of Tennessee has BUBpenuea vpecie payments. The Legislature is considering the legalization of suspension on tbe part of the Banks. ... . r ' 7-- s Arrmt of Supposed Cv$ton-Hnue Bobber. . Wastoqto-, Oct 16. An arrest was made bero IS?.!0 -lil?uf E00 to n been con nected with tho Custom-House robbery in Rich mond. ' ' Baltimore, Oct 17.-SaJes of Howard st and Ohio floor at $5 37 ; City Milla 5 12. Wheat receipts are ugoi ana tbe market steady. Corn is firmer t GROUNDS OF: ' H ORTH-CAROLINA. Bank Suspention in Georgia. . Acccsta, Ga., Oct 14. A meeting of citizens held to-day, recommended 'hat the Banks suspend. The Union Bank has suspended. From Philadelphia. Philadelphia, Oct 15 The Banks manifest a disposition not to accept the provisions of tbe relief bill, recently adopted by the Legislature. An addi tional gloom, ia consequence, is cast over business circles. - Bank Supention in Petersburg. Petersburg, Oct 15th. The branches of the .Virginia Bank and the Exchange Bank at this place suspendcO to-day. From Washington CUy. ; Washington, Oct 15. Tbe Postmaster General orders that all post matters whose compensation shall not exceed $12 per cent per quarter, can procure twine, wrapping paper and sealing wax at Govern ment expense, provided the charge does not exceed $20 per annum. More Sutpension$ in Xew York. New York, Oct 17. Winslow, Lanier & Co., extensive bankers, have suspended and will go into liquidation. They have a large surplus.' Ohio Elecliont. CccciKXATi, Oct. 17. The Columbus Journal es timates that Chase (Republican) is 65 ahead, with Paulding and Meigs to hear. Paulding gives Chase (Rep.) 169, and Meigs gives him 200 majority. The official vote will change tho reported majorities in the aggregate in favor of Chase, who is probably elected. . Honey Matter in ITevo Orleans New Orleaxs, Oct IT. All the run on the Banks is over and confidence is restored. No failures are reported to-day. The suspended free Banks antici pate an early resumption. Affairs are more cheerful New York, Oct 17. Flour has advanced; sales of States brands at $4 49 to 4 90; Ohio 5 15 to 5 75; Southern 5 60 to 5 90. Wheat is unchanged. Corn is firm ; sales of mixed- at 78c ; yellow 75c Stocks are lower Virginia sixes 82. ' Later from Europe. ' " New York, Oct 15. The steamship Yanderbilt, will Liverpool dates to the 3d instant, arrived hero to-day. -. . - Isdia. The telegraphic newa received from Cawn pore to 8lh August says that Gen. Havelock de feated the rebels near that place. On the 16th 100 of his army died of cholera. At Lucknow on tbe 18th all were wolL Calcutta letters contain nothing new. - The Chins news is unfavorable; The Emperor re fuses to agree to any arangements, The Emperors of Austria and Prussia had met at Weimar. Latest. Liverpool, Saturday noon Oct 3. The markets are quiet, but steady. Some circulars say flour bas declined 6L Liverpool, Oct 3. Cotton .has slightly declined. Breadstuffa also have slightly declined. Wheat has declined 3d. Corn has declined 6d. - Inferior grades of cotton have declined id ; fair and middling are unchanged. The market closed steady. Tbe stock in port amounts to 336,000 bales, including 198,000 of American.. . The Manchester advices are favorable. The quotations for flour are barely maintained ; sales of Canal at 30 to Sis., Southern 31 to 82 Ohio 82 to 83; red wheat 7s. 9L to 8s white 9s. to 9s. Mixed corn 871s. Provisions are dull. Rosin is buoyant at 4s. L& 10 i , - sPirita Turpentine is steady. Sugars and Coffee are unchanged. The English money market is animated. Exche quer bills 9 6s. discount . Later from California. . New York, Oct. 16. The Northern Light has ar rived, bringing seven hundred passengers and up wards of a million and a half in specie. She brings no list of the passengers by the Central America, but has a list of the specie on board that vessel which amounted to thirteen hundred and thirty-seven thousand dollars, in addition to what was in the hands of passengers.' The official result of the election in California has been declared in most of the counties. The vote polled is fifteen thousand less than last fall. Wel ter's majority over both his opponents is eleven thou sand. The Legislature is overwhelmingly Democratic. The majority in fitvor of paying tbe State debt is fifteen thousand, but tho proposition to call a conven tion was lost. ...; Emigrants were pouring in over the inland routes. They were much annoyed by the Indians.
The Weekly Standard (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 21, 1857, edition 1
2
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