I ; -
VOL. IV. SALISBURY, N. cTEq"!?, 1869. ; ', fNoT J
OTbciDlb North State
rvw.tsiiF.n wcf.kly ur
Xj 3D -vcr X
Editor and Proprietor.
R tTCK OF m m r
Okh Ykar, payable in advance, ..
Six MI.tiih, ....
ft Copies to one address
10 Copies to ue uddress
Rates of Ah'ertistnj.
. i "
One Square, first insertion, $1,00
For ewch addiltoual insertio 50
Special nntiues will be charged 50 per cent
higher tliim the above rates.
Court aud Justice's Orders will be publish
ed at the Ume rates with other advertisements-.
Obituary notices, over six lines, charged
as advertisements. .
H 1 H 1 Z?
Mr t 5
P2 M 75 $5 00 $8 50 $ 1 3 00
4 50 6 25 8 5,ia0l) 22,00
ii(N) 0 011 1 0020 00' 30.01)
8 00 1 1 00 15 00'25 00' 37,50
11 00 10 00 20 00:30 00 45.00
18 00 24 00 30 00 45 00 75.00
28 00 40 nu 50 00,80 00, 130,00
JCUNEV lands fok silk.
TllF SCBSCRIBEK offers for sale (hat val
nab u TaVin in the Jetsry Setlleinent ol Da iJ
aoti County, known as "TUE TH ALES Mo
10NALD PLACE " Said farm lies immen-
atelynn Tha Yaftkin Rnrer, jist below-the. Tra-1
oii.i! roanl, anil on both shins ol the N. C
lUi.ro.nl three-fourths of a mile from the Holt
bur Depot. This farm contains about 8'0
a re, about sixty acres of which is exi-ellent
Hitei Bottom and the rsuiainiler good Jfisey
uplands. A large part of it ia will hi woods
and heavily limbered.
Tha farm is in a high state of cultivation,
well watered and stocked with well-disposed
and Contented tenants. It'll well adapted to
the growth ut Cotton and Drain, and w. alto
gether, one of lht inut valuable and desirable
tarin to be found in this part of the country.
The terms of the payment will be made fib
Address, R. W. Foard, agent of H. L Par
teeUDooeord, N. C.
Nov. , 180. 4S 6t
"The most sparkling Juvenile Mngnsine ever
Issued." and Suleudid Chromo l'irtiiies of Au-
drtbuu's Birds of America as lupplctnents, and
nihcr fine cnpravinjis in each number. The No
vember aud December numbers free to new sub
scriber'. The most instructive, entertaining, and best
Juvenile Majrurinc comprises nuinerons and
hovel Matures that are peculiarly its own. and
entirely tree from the gross exaggerations mi
cojnnoji to juvenile literatim. Our monthly
Young A nicnca presents the finest colored and
othurengraviugs, the best stories, puzzle, prizes
music, and a host of now and Interesting sub
jects that will not only secure the attention of
xtoys and Girls, bntserVejo purify ami elevste
thx-ir mind,eiminunicate iimcb v;luable iufor
tnation, and prove a well-spring of pleasure in
Yearly ubription $l.ft,n with a go d Micro
scope, or a pearl-handle i'ocket-Knile, or a beau-
UMI Oook. as pieniiuui to eaca suuMifioer, sua
plcjidid premiums given for clubs.
V. JENNINGS DEMORERT,
838 Broadway, '. Y.
Specimen copies, with circulars, mailed free
on receipt of ton cents.
New subscribers sending in before the "first of
Jnnuary np' w''l receive the November and
December numbers free.
A tqdendid prize for the ladies. The finest,
jnost pleasing and costly Parlor Engraving ever
published in America presented as a premium
to each subscriber.
jtr Useful, the Entertaining, and the
Beauttfu.1. The Model Magazine of
Dent or cat's Illustrated Monthly
THE L'SEFCiL in Demorest's Montlilv corn-
rises the fJtititlea of Fashions in Ladiesl and
.Ulblren's drcus. including full-size Fashionable
Jk'.ierns, colored Steel Plates, etc.; ( i inlcning,
bo. sjseful and ornamental, adapted to Indies -M'S
! t'ottages. with their surroundings; and
Ilone: Matters in all their departments.
Tf.lL- f V-TtDT H VI Vl .J-LiJ.I
rv.1 1 r'Al A I., l.,o .,mi'iinvwwi i; 1 1 i;u
Btorirt and Ps?ms by the beat authors. Spicy
Items, V pular Muaic by the best compostTs,
te., etc. i
THE I KACTIFI'L comprises numerous il
lunrations, "n the highest style of art, printed
on tHe fines: calendered paper, in the beat man
ner, . i op k- a styfe to tornt a splendid volume
for budlng'at the ernl of tin; year, and altogeth
er, a n. nthlv visitor that no lady of taste or
coonontual housewife can afford to do without.
W loVsl nd most olc'siiv. inmrin. ver
v. ...,!, v!.. I. ....... " . i-j n1 :l. ,1...
l ; ...I ,i..i.i . ..... s io l
llUiU, l".UUUIb.ii ...... in in "Villi s.V. Lll-
tltlccl I ne nc-iit on me rourm oi JUiv,
given as a preinwni t each sntsv-nber, and
Splendid prcmusjas fiw elulis. Address
DEMOKwifs MoTiii.r Maoazjxe.
83-S Broadway, N. Y.
When sent by v4aR, the postage on the Eu.
graving, fen cents, aOSt l included.
Specimen copies fsHJ nair.ine with eircu
Ure, mailed free, onifelpt oflifleeii cents.
Something New and YtryesiralA
Sun Ana Is fife 1 wlrs a sew
m.t .mh. eV-rv lX Will
u a sea
WMtch raiee, (iolii -d -ilytr VV
Ctiaim l.a,l'e ant dents'
BMSVS Battins.1 StuiU f-ir
f'!:a:ir. c Ac.
iTIlEY RETAIL AT U
610.Markol Street, llii!adeipfii,
ij wiKin .
that t lis ir
I I t i ' Ii III TOT I I nnw .9. a: . sV
i to ..rw.T.1,7, -
ill:, n :.T'1 "!; -..r
I - .1
..,..- . . . . " ' MI1IU1.,
" - '-'ii - :i ii , iij ,, ., ii . i i
tfr.l.l.r-i.:.l -i ... . JIIMI MIX. i
'Tsri H aitrtitafae1 .
: v -in..
CORTT THOrSAXI) CASKS OK
were shinned from our lion- in one Vear,
to families, clubs, unit merchants, in every part
oflhe country, from Maine to Calnruia, amount
ing in valu to over
ONE MILLION DOLLARS.
Our facilities for transacting tbislinnieuse bu
siness are better than ever before. We have
agent in all the vriucipal cities to purchase
pood from all the Manufacturers, I tnji.n f -r-
ami others, for Oath, and often at an immense
sacrifice from the original cost of production
Our stock, cousists, in part, of the following
! Shawlt, FilankrU. Quilt; CottoHt. Githnm,
'DrtM Gottdt, Tulle Li T;vtit, Uutitry,
, 6!uotM, Skirtit, tfornttt, fr . ttc
Silrtr-Hated liinre. Spwnt pltttni on AVsJW
I Silver, Dtmrt Furkn.fh Imttit plnttd Cuslors.
i llriltimia Wart, (Jl Whit, Table and Pocket
Cutlet), iti grtul ruriety.
Eleyunt Frtnr!t and Qrnru Fancy Oixxh
iieuuUjul Phittotfrauh Allium Our Bswest and
choievst stlfs in Moroi'O and Velvet bindings.
Morrncco Travelling Hag, Handkerchief and
Gi'ivf Hare, Jt.
Gold and PtaUd Jewelry, nf tkenei'-est ttylet.
We have also made arraugemeBts with some
of (he leading Publishing Bouses. that will ena
ble u to sell tJie ' andard and latest works of
popular authors at about one-half the regular
price: such as Itvuo.v. M ik, Blasts, Mir
ton . and Tkkmvson's Wokks, iu full Oilt aud
Cloth Uindiugs, and hundreds of others.
These and everything else for
One Dollar for each Article.
"We do not nfftr a single article of merchan
dise, that can be sold by regular dealers at our
price. We do not ask you to uuy goous irom
us uuluss we can sell tiieni cheaper than you
can obtaiu them in any other way ; while the
greater part ol our goods arc sold at about
One-half the Regular Rate.
We want good reliable agents in every .part
of the Country. By employ iug your spare time
to form clubs a:id sending us oiders, you can
ob'ain the most liberal commissions, either in
Cash or Merchandise, and all goods sent
by us will be as represented, and we guarantee
satistiictioii to every -ww-dealing with our house.
As the Holidays arc approaching we are
making special arrangements to supply etrry
one who reads our advertisement, with the
most handsome and useful Holiday presents
that can be thought of or wished tor,
and to enable them to procure them cheaply
and e.vpediUotisly, we will give to any one
who will become our Agent, On; Hundred
free Tickets, enumerating some of the many
different articles from which you make your so
lection of Holiday presents.
For returning full ehib from
Tickets, accompanied by the cash, we will give
the same extra prcauummi that, we now civ
the same as if yon had paid IU cents for each
one of your tickets. VV e wish von to under
stmd tliat not any other firm in (lie busineascan
compete with ns "in any way whatever.
As this free ticket is only good for the Holi-
dnvs, von must send in vour orders before the
20th of January, 1)70.
"In every order amounting to over frn, ac
companied by tin-cash, the Agent may return
ii.t , and iu every order of over IU0, ;i 41 may
bu retained to
Fay tho Express Charges.
This offer is more especially to assist Agents
in the Western and Southern States, but is open
to all customers.
Agents will lie paid tea per cent, in Cash or
Merchandise, when they till up their enliie
club, for which below we give a partial List of
Ior an order of (30. from a club of
Thirty, we will nuy the Agent, as commission,
i yds. Brown or Bleached Sheeting, (iood
Dress Pattern, Wool Sonar-Shawl, French!
Caasimere Pants and Vest Pattern. Fine large
White Counterpane, etc., etc., or $: 00 in cash.
Zor an order of $50, from a Club of
Fifty, we will pay the Agent, as Commission,
45 yds. sheeting, one pair of heavy wool blan
kets, poplin dress pattern, handsome wool
square shawl silver-case watch, etc., etc., or
$6,00 iu cash.
For an order of 0100. from a club of
One Hundred, we will pay the agent, as com
mission, 100 yds. of good yard-wide Sheeting,
Coin-Silver Bunting Case Watch, Rich Long
Wool Shawl, Suit of all Wool Freueh Cassi
inore, etc. ."etc., or if 10 iu cash.
We do not employ any travelling agents, and
customers should not pay money to persons
purporting to be our ageuts, mulcts personally
Send Money always by Register
For further particulars seed for Catalogues, .
PAB.2IER fc CO.,
93 A 100 Sumner St., Boston, ifam.
Oct. 15, lVJ. . 41-1
State of Worth Carolina, (
Edmund Jwsfley, administrator of Alfred I'a-
Isaac Ruell and wife Elizabeth, G. W. Sweet
and wife Cynthia, Robert Lowe aad wife
Susan, John Davidson, Margaret A. Kerlev,
William Davidson John P. Davidson. Dan'L
8. Davidson, IliiMuh Davidson, Jane David
sou and William Davidson, heirs at law of
Bci.j L. Davidson.
To William Davidson, one of the defendants
above named, a non-resident.
You are hereby notified, that a summon, in
lhe '' """' . iH taist you.
and flic comi-laii.t therein was filed
n the Su
perior Com t 61 A !exatidei T!cobty7'bo tlie'17tli
of August 18G9.
You are also notified, that the summon iu
he case is returnable to the next term of the
Sueriir Court aforesaid, lo be held at the
Court Huuv in TaylorsVjlle, on the 25th day
of Decrm er next, when and whore you are
hereby required to appear and answer the
xirriplaiiX ui default whereof the plaintiff
will applv to sa d Court for lie itlief deiuaod
sd in the complaint,
Witness, E. M. Sievenson, CeTtof tha said
Soperior Court at at Taylorsville, the 3d Mon
day 10 August 1869.
E. M STEVENSON,
Clerk Superior Court Alexander County.
44 6w:(pr fee lll)
Pare Rye and Corn Whiskies,
Distilled in tit Old Style, Para and Jn -
adulterated- at the
Old North Slate Distillery,
GR00T, KUCK, & C0.? Prop's.
i 4 II 1R1JI1 I F.. . ( .
A !". Wan' I lo purchase 500 or JO00 head
M 1 attic .iti.i pay ti.e nixnest t.ai, rrices tor !
. . I . . .. . t- . 1
Wm -uJ Kv . July i0:t.n
. , - ..
COS1POUKD GENTIAN BITTEKS,
The Great American Tonic and Di
Recomr ended and prescribed by physician
Tite "Compound Oentian Bi Hers" are made
of the purest and best Vegetable Tonics mid
Aromaucs known to I he prolessiuti. They also
contain twenty per cent of
t& B U C II V !
Which makes them, beyond all question, the
best DIURETIC in existence; and for Dis
tressed Kidueys, Rladderand I'ni.aiv Organs,
i ......... if - i' 'n,.... u i...
aava uo superior, if any ttual !
try these Bitters, for the foil -wing Dieases
will in every ease find them a safe, pk-asaiil,
speedy and cfleeiiial Remedy.
Tley are a sine preventive and cure for
Chins and Fever, and all Malarial Diseases!
C LDS & COUGH,
Diseases of Kidneys, Gravel, Av . and every
Dieae requiring a general Tonic impression.
X-jtf Foi Diseases peculiar to Females it is
almost a specific.
J-pf In uonvalesience from Typhoid arid
other low forms ol Fever it is the verv best
Tonic ihat can be used.
The Compound Gentian Bitters meet with
universal favor, and have received the strong
est testimonials ever given to any medicine, a
lew of which we append below:
This is to Certify that I have used Dr. God
din's Con -pound Ueutian Bitters and clieerlul
ly recommend it as ibe very best Bitters thai
ran be used for ordinal y debility, -ick siomaub
Av: E. M. HOLT, M. I).
Lipscomb, 0-ange uo , N. C, toav 15v '6'J
I hereby certify that I have been usmi Dr.
Goddin's "Compound Gentian Hitters," lor
Co' gh. General Debility. Ac. and I am fully
sal islietl that they are thebi-st Bitters of which
I have any knowledge, and he best Tonic ol-
i feicd to the Atneiicau people.
ROB T. Y. SLATER.
Henrico county, Yr, Juue 2:, lHb9.
Dr. Gonnm: Dear Sir: I have been suffer
ing for twenty years with an affection of the
;-. I. r,ufml.i . 1 1 ur.il vlritdrA of ihe
these FreJjrWjrjl have been un.ler the treatment ol
the best physicians in the country, one of whom
is now a prolessoi 111 a medical college. All
lailcd lo iclievc me. I aually tried your Com
pound Gentian Bitters ; the effect was like a
ehami one bottle gave complete relicL I
believe it to be Ihe best medicine I have- ever
used. Very reswctf'iilly,
JAS. A. FAULCON,
Liitle'on, N. C, Jan. 7th, 186U.
Pretmrel only bv Dr. G.Midin.
JAMfcS T. WIGG1X9,
Proprietary Wholesale Agent,
, NORFOLK, V A.
tW For tale by Dr. G. B. Poulsoo, Salis
v. N. C. X 38 -if
FUK UttONCHiAL AAD LIVER DI
SEASES read the following:
Tlioins. II. Rainsy. R , tirauville co., N. 0.,
says: "1 find your I'illa to lie the Ihx4 family medi
cine I have ever used. Tliey have proved very hen
fBcial in my own case. I have been very much af
flicted for fifteen years, and have tried every kind ot
medicine that I could get. but have ton mi more e
I. (.... , .AMto lill , I. in 11 I I nllim. II i' .li. ... iuii iu
hronchisf affliction, aud a complete prostration of
Ins nervous system. 1 nave nsen mem 111 ien or in
tern cases in my family, and find them to be the very
medicine lor nearly ail family diseases.
Vbe Cure Is Thorough.
Ksunetli Humes. Ksq., t'lerk of Colum tins county
court, writea (April 9, 1863: '-Durina? the latter
barter the year I8fi2 1 was severely amiited with
diseased liverandinany niylitswhilii in bed the psin
would become so excruriatiun last I wascouiiislled
to ct't out ol L.d and sit up .until tue nam mild
subside. 1 urocured a few Imxenof thehOL'THtltN
Htit'ATIC PILLS, and the first done I tooksavesse
creat relief. I iiitinned to iw tl e Pills for two
veska. and have not auRervd from liver disease
since. I haverconiineiidedtbeha;cnrdiufly,aad
several persons sre in want orthem.
All disease is an enemy to t lie. human system, and
la at warwlrh ft and will compter it. unlexa nature
with all the assistance it can receive from strengtli
ning medicines Slid suitable nourishments, can
ooixiirth sneiny ; which would be best, to take
medicine before yen set sick, to ptevsntsiefcnciis or
to take medicine srteryoo gel sirs tociesickiwas.
if A word to tlw wise is nooL'b 5
. Exercise your own iudmriit ia the meant of de
fensa; the essa y will come, be ye slsn ready with
She Southern Hepatio PiUs,
77iaf Itui'i known and well tried remedy
for all laiioui diseases, mused by m
TO ALL EMIGRANTS Yoo are about to laaas
a home for you -l fund family na climate which
you 0. 1 hey hau- not baen aialuatumed lo .. you will,
of i-ouiie, be posed to all the diseases peculiar lo
that climate, you shontd tie careful to ds micIi Med
Irfnes as are ailiitsd to the diseases of that oiimats;
von will find the creates! eecurity iu the as of
i)tr na' KorTHKSN Ukcatjc Piuls.
Tuey can be seat to any point iu Um Dolled States
I'llICK rrn hex, M K.-D.is. IU PaKOrn,.
to Oiif llroM.IIS Tkrec (Iro n, (CO-rivc fi. .., 7.
The sank rausl wlih-rr i.mHnr tlrrr for Hit Mt.ti
cinrur il wiUkMt CO. I. Or 'r sluuld b i.'ilr.n
a. w. dscms
M. S. Sour Ctrrs Stbsit,
wbsrt thej will l SfaSSSttV stUaded lav.'
for thest Ms.li.-iuvi Call on aU reipMUU Drawlitf
vcrviihre and D
0. B. PODLSON,
Jnlj 3-M ly Sslisbury, S. C
Xasta o d 1B8B.
LEPAGE BROS. & Co.,
Cfoinmtsstoo Jl! urljnnls
Commerce St., XTorfoife, Va.
leSpecial attention jiaid ft the sale
CIJ AIN. romN nnd all other, kiudi
Z.'r . ' 1 .
r l.ilwral ailvHi.cc oa eofiaigjmient
aJ antymt nSana.
. . , 1 .
UEPOBF OF SECRETARY OF THIS
Secretary Bout w. II, in hit annual re
port to Congrea. treats firat or matters of
administration, and then of measures of
public pnlicv, and eivi s a very clear and
coiiiim-hciisivtt statement of the national
finaiices. The following arc the more iin
pon.il t stati tnents :
The revenue receipts have increased
1 14. 481 ,333 ..r the fii tt five mnutlia of
the iireseni fiscal y.'nt over the same pe
ri! s year
Tin- Secictary ia elevly of h opinion
I f ia r the Government ought lo n-ly upon
public officers for the tiroiier uerforiuance
of their duties without stimulating them
by any cnntiiigeiit advantages. lie recom
mends an inn case of the salaries of cue-
loni-house officers and ihe abolition of the
system of giving to them a share of dues,
petialiiue, anil forfeitures.
THE DKPRICISTKD CTHSENCT. ,
The deprt-ciatiou of the currency is d'te
to two causes first, an excefsive issue,
and secondly, to the want of faith iu the
Govern men t ; audthe extent of tho iufiu
ence of (he first named cause cannot be
ascertained until the second is removed
substantially. Whenever nor credit shall
be so much improved at home and abroad
that holders of om bonds are disposed to
retain them, even v. In u the public mind is
excited upon financial subjects, we shall
be able to judge more accurately the ex
tent of the overissue of paper money. It
is also true 1 lint tin: quantity of currency
necessary for the transaction of the busi
ness of the couutr ' cannot now be fixed
accurately. Huce ill close of the war the
wants of the Stales of the South have in- ,
creasei', .uid, consequently, alargi-umetfut j
necessary ior the purposes of the South
will steadily iucieuse fur tho next two I
The construction of the Pacific railroad
ts likely to result in the substitution of pa
in, r.ii I,,- . :,,. .....,,,i.i .... , i., i ...iiw,
. l, . . i i i ,i .. .i... j 4 r
far,. it- ,r m uti ! limb lur uriuaiMI lur
paper for that pu p se will not be less j
than thirty millions, of dollars. As a con
sequence, a very I nge quantity of coin
will he withdrawn fioui circulation, ami
thus practically the coin will be increased
upon the Atlantic mast, and the paper iu
circulation in the States east of the II mky
mountains will be mHtertally red need.
These changes w II tnid to diminish tho
difference between paper and coin.
The ability of the country t resume
specie payments will not be due to any
special legislation dpon that subject, but
to the condition of its industries and to its
fiuancial relations to other countries.
These, of course, wilt he more or less de
pendent upon the general policy of tin
Government. The war exhausted the
country ol its material weal'h, and the
Slates of the Sou h were literally impov
erished. A necessary condition for the
resumption of specie payments was the
development of the industry of he nation
both South and Notth,aud tliecoiisequenl
accumulation of the movable products of
industry to such an extent that our ex
ports of those pi o.i nets should be equal
substantially to our imports. . So long as
it is necessary to pay for merchandise im
ported by the transfer of Government
bonds or other evidences of indebtedness
to other countries, so long it will be im
practicable to resume and m i uuin JjptXfc
VV hen the products of industry exported
shall he equal substantially to tire pro
ducts of other eonntriea imported there
will be no demand for specie for export,
except what tray arise from the circum
stance (hat our bonds held abroad arc sent
home, sold in our markets, and tho- pro
ceeds exported in coin. When ihe credit
of the couutiy shall he fully established iu
Europe and there shall be no doubt eith
er of our ability or disposition to meet all
our obligations, bonds heretofore, and now
t r t I n rru or lout ti.,1.) ti tr 1 1 1 1 r . I . . f u n awl
bankers will be transferred to capitalists
(or" permanent investment. When tin, '
liia .li.li ! oti.n ..I... ,k.. I
IU 'l fir 1 Ail hi in in vj 1 1 1 1 1 ii - 1 . HI. 'i 1
VI'SlllfLli r 1 1 r . uw nfcts i .c 1 11 m 1
bilitvofour securities beina sent 'bome
under tbe iuflnsu'ee of political or financial
disturbances iu Europe- will beivcry alight,
and when, at a conenrriug fact, our ex
ports, exclusive of public securities, shall
be equal to our imports, specie payments
may be resumed without even a tempora
ry embarrassment to the business ot the
it will no, be wise to resume specie
payments while so large a part of the interest-bearing
debt of the country ia n p
resented by 6 20 bonds, and held by Eu
ropeau merchants, bankers, and uiunuiac
Our coarse, it seems to me, Is pliin, -Every
measure of tbe Government bearing
upon the subject should tend to appreciate
the value of onr paper currency. It is
probable that some decrease in the volume
of paper will ultimately bo necessary, and
1 therefore respect fully suggest lb. a the
Secretary ef the Treasury be clothed with
sutlmiiiy to reduce the circulation of Uui
tsd States notes in an amount not exceed
ingt won millions of dollars in any one
month. Thus will ihe country be brought,
gradually it may le, and yet without di
saster, into a condition when the resump
tion of specie payment will be easy, if
FUNDI Mr Tift FIVK-TWSNTIES.
Under these evmstaacrs, it docs not
seem to arc to be wise to authorize the
i fuudiiii; of tbe while amount of the ti e
1 iw niy bond whidh, as i now snticloa-
m . a ism -t - m
led will be on sta fitfg on tire. itof JuU
next, bnt that $J? W.-WO.0O at feast abrrttd 1 t xcejjdtog ion per acaL of (beir capi
! be suffeicd to r ;u cither lor pnrc!.uu
or redemption previous to 1874. Should
the sum of $ i50.000.000 bo It-it tor that
purpose, tin- entire public debt would be
iii h conniiHin to ne easily reai'eiueu. ues
I Ween 1874 and ISil the tn forty bnudi
could l. paid, tuid provisiou ulao made
i.. l; . i . I. . j .
' ,or redemption of the bonds which
I become due in the year 1831. It
may ie wise to reauce tlie. proposed loan
to 91,000,000.000, which would then
; leave for payment previous to 1881 thn
mum of 070.000,000, or hardly more than
3G0.0OO.OO0 a year.
Assuming that the proposed loan will
be f.ir ai amount not exceeding 1.200,
000,000, I re omtnend tin I it be offered in
three classes. of 400 000.000 each. The
r'" ' " 0-100,000,000, lo be paid iu
The essential conditions of the new loan
appear lo me to be those :
1. That the principal and interest shall
be made payable in coin.
2. That the bonds known as the 5 20
bonds shall be receivud in exchauge for
the new bonds.
3- That the principal be payable in (his
country, and the interest payable either in
the United States or in Kurope, as the
subscribers to the loan may desire.
4. That the rate of interest shall not
exceed 4 per cent, per annum.
5. That the subscribers in Europe shall
receive their interest at Loudon, Paris,
Berlin or Frankfort, as they may elect.
0. That the bonds, both principal anil
interest, shall be free from all taxes, de
ductions, or abatements of any sort, un
less it shall be thonglit wise to subject cit
isens of i he United States to such tax up
on income fioui the bonds as ia ituosi'd
by the laws of the United Stales upon
income derived from other money invest-
I incuts. '
There arc two reasons, and each seems
to me to be n controlling reason, why the
boiide of the United Stales, should be ex
empt from Slate aud local taxes. If not
so exempt, the amount of the taxes impos
i ed by the local atilhoritie will be added
to the interest the (nveriiinent will be re
quired to 1 ay. and thus the National Gov
eminent will he compelled to provide for
taxes imposed by the local suthorities.
Secondly, inasmuch as the ability lo
borrow money may, under seme circum
stances, be essential to the preservation
of the Government, the power should not,
even iu times of peaee and prosperity, be
qualified by any concession tn the States
of ihe l icjit to tax ihe means by which
llit: Niitioiiui Government is maintained.
The right to ue its lawful powers free of
any condition, restriction, or claim of an
other, is an essential condition of sover
eignly, and the National Government
is maintained. The right to use its law
ful powers free of any condition, restric
tion, or claim of another, ia an essential
condition of sovereignty, and the Nation
al (lover.. mem Should never surrenderor
qualify its powers in this particular. -..
There are t wo evils in the present bank
iug system which require remedy by
prompt and efficient legislation. The first
is ihe practice on the part of banks, of al-
lowing interest upon deposits. The ef-
feci of this practice is that moneys in tin
hands nf individuals winch otherwise
might be loaned for regular mercantile aud
other business purposes arc diverted into
1 In- custody of banks upon he idea that if
iin- security is not better, payment cau be
obtained at a iiwrnbui's notice.
Country banks and others remote from
the large centres of trade, having receiv
ed money 011 deposit for which they pay
interest, are unuotts to tranfer such funds 1
to other banks, trout winch they will re
ceive a 11 equal or larger interest in re
turn. They are stimulated also by the
desire to place their funds where they cati
be at all limes commanded. Thus influ
enced, large sums are placed on deposit
with banks in tho cities especially in the
city of New York, which is trie great ecu-
tre of trade and finance for the Atlantic ,
co,wt- B!uf ''. c"r8e M i
ot ."otintrjr tends rapidly to
' ho ci tics, and it is unwise to stimulate
. . . . I
" tmutieT J rt,CM1
i it tin- evil does uoi euu witn the
ioi erisliineut of the country. As
a . - t 1 1 'i t
Links in the cities may be called upon at I
any moment to respond to the drafts of j
their depositors,! hey decline to make loans I
representing such funds upon commercial i
paper payable on tune, but insist upon
making call loans, as they are termed,
with Government bonds or other obliga-
lous pledged . s collateral security. Mer
chants generally wtH not "borrow money
iu large sums payable 011 demand. The
ainseqneuce is that tlie mrmcys thus ac
cumulated iu the city banks are loaned lo
persons engaged tn speculative put mum.
The extent ofllits evil is seen iu the
fact, that, of the bunk loans iu the city nf 1
New York in October, 1868, $98,000,000 1
upon commercial paper and (io,
000,000 upon demand, with a pledge ot
collaterals ; and in 9ctber, 18G9. $99,
OOO 000 were opon commercial paper and
$,o,000,000 upon demand. In the for
mer year 4 1 per cenL and in the latter
year 37 p-r cent, of the loans made by
the New York batiks were upon demand
A further resnlt is teen in the fact that
parlies borrowing money upon commer
cial paper for legitimate commercial pur
poses pty from iiii-u lo six per certf. ad
ditional interest per amum as cotupan d j
with persons who b rrow monejrfbr spec
ulative purposes. I th ri fore resettftilly
recommei:d that a law be passed pruhili
I11 g absolutely the patysaent of Inlaws! by
(. '.. upon depo-i's, and liminng abo
their loans unoii collateral to an amount
I am satisfied, also, that the practice of
certifying check, even when funds are in
the bank to the credit nf tha drawer of
the check, is fraught with evil, and that it
ought to bo entirely prohibited.
From iKt Nashville Banter.
THE SOU l'H'8 POWEB.
In tho course of a remarkable speech by
Hon. Mark A Cooper, before an immense
concourse of people in the amphitheatre
of the Georgia ute Fair at Macon, on
the 15th just., he stated that the cotton
ererp of Georgia alone, to be 500 000 bales
averaging 400 pounds each. The value
of this, per hundred pounds, in paper car-
rem v ol toe I nit til Mate.-, after paying
freights and charges to Ltverpitol from
N. York, il .-old iu Liverpool, ia $28,
4. For this the New York shipper
pays iu New York $21i, thus leavin ? for
iiiin a balance of -? 84 for his profits.
A bale of 500 pounds, therefore, affords
him a profit of 14 22: The crop from
Georgia of 500,000 bales, when thus sold,
will theretore afford to the New York ship
per an aggregatt profit of 87,800,000.
The cotton crop of the South is sup
posed to be about 3,000,000 bales. Two
million bales shipped as above and sold in
Liverpool, afford to the New York ship
per a benefit of $28,840,000. This is
the result of one crop, it is wonderfnl,
therefore, that with this to build on, New
lorn .-iiouiii oe a great city, winch ecu
tralized power to make aud coutrol the
policy of a nation ?
Again, cotton in the process of mann-
facturinc loses 15 per cent., or 15 pounds
in each IU0 - equal to 75 iiounds per bale
This amounts to 7,500 bales in a crop of
500,000, or neatly one bale 111 six, winch,
if v-iiTuci! at 20 cents a bale, is equal tu
The planter looses this. He also loses
the freight he pays on this waste.
The freight fi om New l'ork to Liver
pool alone is 25 eeuta per 100 lbs., which
is equal perbale to $175. The freight
from New York to Liverpool on 500,000
bales made iu Georgia, if shipped from
New York to Liverpool, is $875,000.
The raw cotton, when manufactured in
to varus suited to the foreign markets,
diminishes the bulk 15 per cent., and
therefore saves about one-sixth of this
freight, which-is equal to $135,833 saved
in freight on waste from a crop of 500,
000 bales. The manufacturing of the
raw mat. rial at home saves also the waste
of 15 per cant, and turns it to domestic
Manufacturing at borne for the foreign
markets adds two-thirds to the value of
the bulk. Hence, one hale of cotton thus
manufactured is worth three of tbe raw
cotton, say equal to $300.
The crop of 500,000 bales manufac
tured in Georgia, less fifteen per cent,
waste, is 525,000 bales manufactured pro
ducts, eqttal to $300 per bale, which is
equal 10 the aggregate sum of $137,500,- j
This, then, stand against the sum
of $50,000,000, the value
! bales sold in the raw state.
There is, therefore, a balance in favor
! of the country of $87,500,000, produced
by converting the raw cotton into a rami-
ufactiired article. Add to this tho sum
of SI 15,000 paid 011 the waste when ship
ped .mil saved by mautifacturing at home.
Add also the value of the waste saved and
used at home, by estimate 8100,000, and
you have tho -11111 of 87,745,00 made and
saved to the country by manufacturing
the raw material. Hence it is perceived
that you return to the producers the value
of their raw material, as in case of sale
auil Blitptnent and nearly double that sum
to the iu and llieir country, in proceeds of
sale of mimttfircrnrcd good. Tbt. omes
fo them, or to the State, in imports or in
specie, beirg that mncli over and above
what is now received, aud that is an an
Great aud interesting as this'may seem
to the planters, the results to the country
financially, politically and socially, are
grand beyond any ordinary conception.
Such nu annual increase ot labor products,
say $87,000,000 through the agency of
ono commodity, p-oduced by one class of j
citixejis, w ill annually Increase the popu
bilinn and means, material and money, un-
- til the wealth ot the State can only be
told by hundreds of millions. Until towns
and cities shall be built where the fores'.
now stands, and until thousands of wheels
shall turn by the power of water; until ) such a 'thine was done by cither a Chris
the planters and producers of this staple j tian, Patiick or Columbia, but by tho
ball tomid, and build, and turn them all ;
shall grmp thereby uii the elfraeirtsmH
power, heretolore enumerated, by which
government is formed, by which law are
made anil administered, by w hieh science
sheds its light, tile arts are made to flour
isli, the literature of the country i made
to adorn il ; by which the freedom ot coo
science may be defended; and the moral
grandeur ol niun inmselt shall ue exlnbi
H .1 in 1 In- image ot hi .Maker. 1 ben we
shall have the balance of trade in our fa
vor. Then, and not till then, will capital
Mow to us as a tide, and immigration a a
wave roll iu upon us without an effort on
Docs any one af where the money it
to come from I We answer, in the lan
gnage of Mr. Cooper, "from the planters
of the South firei, if they please." Tliey
hive the money power. Unless thu.
used, it uiusi ruu to waste
The world is a
sea of glas
affl etion ,
" s ..i. w, Bill Ui'M, ,
onr pith with and and aslie. in
sc UNrs our
or..er to ket p
Time bolder upon
qmres but an instant to m ike liu, passace i -
1 .1 . .
ir ui the one to the other
ket'p our fe t from slipping. ' jFropoBc gning ev.eiy subsciber a copy 0
From (A Salt Lake City Asa.
AN EXTINCT RACE.
BIO BOYM awd 111:.: FLACKS L'.VKa I.TU
XO IX l l A II,
Workmen are engaged in leveling a
large mound on the block lying between
North and South Temple streets, and
Third and Fourth West streets, for the
En i pose of preparing the ground for the
full Central railroad, and in their labors
they have exhumed many reliees which
are interesting to archaeologist. Ofiicer
H. Y. Hampton broagh a gnnnr-saek tulle
of bones, fragment of pottery, flint arrow
heads, pieces of sulphur, and a species of
brick to our office this morning, which
had just been dag up by tha men engaged
iu levelling the ground. A long row of
fireplaces were discovered yesterday; two
or three more were found ta-day, aud the
bones which he brought were those of a
skeleton, which was found in a sitting
posture, with its diiu resting on iu breast,
near otio of the fire-places. The mound
which was a very large one for ibis coun
try, seem lo have been formed by the re
mains of the dead ; scarcely a shovelful
cati be moved without disturbing bones.
How long a poriod has elapsed since they
were buried i difficult to determine, but
we should judge that many generations
have passed away since the formation of
the mound. All the small bones and sof
ter portions of the large bones have disao-
j peared, and no vestige of hair has been
discovered thus far. Wo do not know
whether the general average of the bones
i"16 ,D ms!ts tbia skeleton shown us
1 1 ... f 1,1. 1
uy iiampiou ; out We liave beard
ot several bone being found at previous
times in the dtggg of soil from this
mound, which bore every evidence dfbe
longing to men of larger stature I ban the
present Utah Indiatis. The skeleton wo
saw was that of a large man. Officer
Hamp'.on measures six feet two and a
half inches, aud the thigh bone was lar
ger than his. One of the arm bones and
one of the leg bones bort marks of having
been fractured. The skull was tolo ably
large, resembling in shape the usual In
dian type, and the teeth, were all sound,
and were those of a young man.
CURIOUS AND BEAUTIFUL CUS.
"Vvnerr tmrnmnao Trrtnc hT am ,,, oi
baptize an infant he utters the following
be tutitnl .sentiment : Contrive so to live,
that you may depart in smiles while all
around you weep."
The ancient Egyptians, at their general
festivals and parties of pleasure, always
had a coffin placed on the table, at meals,
containing a mummy or a skeleton of
painted wood, which Herodotus tells us
was tireseuted to each of the guests with
tins admonition ; "Look
upon line, and
enjoy yourself, for such will you become
when divested of your mortal garb " This
custom is frequently alluded to by Hor
ace and C'uttullns, and Petrouious tells us
that at the celebrated banquet of TrimaU
cion a silver skeleton was placed on tho
table to awaken iu the minds of the guests
the remembrance of deaih aud of deceas-
' cd friends.
In Carasou,.a province to tht northeast
of Tarfary, the inhabitants have a custom,
says Dr. I ley lei . when a stranger ot band
some shape and fine features comes into
their houses, of killing him iu tbe night
not out of desire of spoil, or to eat hia
body, but that the soul of such a satuoiy
prison might remain among them-
Among the superstitions of the Seneca
Indians was one remarkable for iu singu
lar beauty : When a maiden died, they
ii;ipii.-oiic,i a. j,i in uii u 11 run n nrsi dw.
gan to try its power of song, and then,
loading it with messages and caresses,
they loosed its bonds over her grave in
1 lie; In lief that it woold.;iiot fold its wing
nor close its eyes until it had gone to tho
spirit land delivered its precious burden to
the hived and lost.
x'lh re is a curious tradition both of St.
Patrick in Ireland, and of St. Columbia in
Iona, that when they attempted to found
churches, they wen; impeded bv an evij
spirit, who threw down the wall as fast
as they were built, until a human victim
was sacrificed and buiicd undttt the foun
dation which being done, the; stood firm.'
It is to be feared that there too much
truth in this story. Not, of cunrse, that
Druids, from who the Story was lathered
wpVnt -tbe- brimr; 'fhtdt't' rnvn nf the
twelve pillar of one of the Druidica! cir
cular temples in Iona, a human body was
found to have been buried.
Still Ahead. Thai Star Spangled
. ..tea f i .
Uanner, which for
icven years has
"waved" to the great satisfaction ef its
many thousand readers, and to the reat
ilissatisractton ot all swindlers and rascals
generally, is even more w ide awake than
ever. It baa at an immense expense
secured tbe services of an eminent artist,
and the result it that it proposes to otva
a way a splendid engraving entitled
"EvangeMno" to erery subscriber foe
1670. This tuperb work of ait is on n
and one-half by two tevt in aize.and.it
eiiual to the nest 6'J engraving ever uff 'r
ed. The Bauuer is a large eight-page,
forty column p-iper. overflowing wist
: splendid reading of all kind and cta
001 - v d "u ye-. very cheap
w -T- J - jf
rorlbe PPr louei Lu the publisher
ibtir tligaul engraving gratis. The
ti mer 1.11..I it 1,11 1 .1 I. . . . t: . tl . M
JT " " Ja T J"
til t-i u, tend tor snrxTmenTo Itia, uf
1 .-. .... ..s ' . - . 7
Mi.... f . I ..... I 1 m- . .
ivia.ign.u imuuii, 1 luauair, .1, ij