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The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, July 25, 1872, Image 1

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VCLUME IX.-NUMBER 1967
CHARLESTON WEDNESDAY MORNING, MAY 1, 1872.
EIGHT DOLLARS A YEAR.
THE RAILROAD CASE.
BOTH" SIDES OF TBE BJJfKROPlCT
QUESTION.
Conclusion of Judge -ri ag ra th's Argu?
ment- Cloging Argument for the Peti?
tioners by Mr. Corbin.
The bankruptcy proceedings upon the pe
titlon of Daniel E. Scannet, ot New York, in
re. the Greenville and Columbia Railroad
Company, were continued yesterday morning
. In the United Slates District Court before
Judge Bryan; Messrs. D. T. Corbin and Geo.
0. Bryan appearing for tbe petitioner, Messrs.
A. G. Magrath and C. D. Melton and John T.
Rhett, of Colombia, for the railroad company,
and Messrs. Porter & Conner, SImonton &
Barker and JOB. D. Pope, ot Columbia, for
varions creditors.
Mr. Magrath continued his argument in op?
position to the petition for a decree of bank?
ruptcy. Having on the previous day discussed
the question o? jurisdiction, he applied himself
to the consideration of the specific acts of
bankruptcy alleged. First, as to the alleged
insolvency of the company, he considered
carefully and thoroughly the arguments of his
predecessors upon this point. The bonded
y Hebt of the company, as admitted, was $1,958,
632, and upon that debt no one would pretend
that the road was insolvent. But In addition
to those bonds a number of bonds, amounting
In round numbers to $1,200,000, had been
unlawfully abstracted from the safe of the com?
pany, passed off by those who knew they had
no right to the use or possession ol them, and
were then in the hands of those who knew
they had no right to receive them. That
question could not be tried in that
court, and without the determination of
that question by the court the court could
not decree the road a bankrupt He reviewed
the transactions between the former direction
ol the Greenville Boad and KImpton, the Con?
tinental Telegraph Company and the Commer?
cial Warehouse Company, through which the
$1,200,000 of bonds passed out of the posses?
sion of the company, In order to show that
that alleged debt of the company was suffi?
ciently tainted with evidence of fraud as to
* cause the court to pause, in the exercise of its
discretion, before proceeding to assume juris?
diction, even if the Jurisdiction were in its
power. Mr. Magrath continued, saving that,
. even lt the counsel for the petitioners had
sh o <vn the power of jurisdiction and the fact ot
insolvency, they were obliged stilt- to show
that certain acts prohibited by the bankrupt
.act had been done, because of the
doing of which the i?terlerence of the
court was demanded. To the allega?
tions. of specific acts of bankruptcy
he replied* First, that the company was not
either a merchant, banker, broker, manufac?
turer, trader or miner, because of the non?
payment of whose commercial paper bank?
ruptcy-is ordained; and, second, because the
^-coupons, the non-payment of which was al*
leged, was not commercial paper within tbe
contemplation of the bankrupt act. It was
also alleged that certain claims against the
company had been paid since tho alleged fact
of bankruptcy, and with the Intent of giving
a preference to certain creditors of the com?
pany over other creditor?. He replied that
those payments were made under the compul?
sion o' tbe law, were such as were not in the
power of the company to refuse to do,
and were not done, as had been testi
? fled under oath by the president of
company, with any intent to prefer
any certain creditors over any others. As to
the allegation that they had "suffered" certain
levies to be made upon the company's proper?
ty by certain creditors, with an Intent to hin?
der or delay the operation of the bankrupt
law, he said that lt was not in their power to
make any honest defence against the suits out
o? which those levies bad resulted, and he
cited a large number of authorities to show
that it was not required of a debtor to make a
sham defence against an honest creditor su?
ing for tbe amount of bis claim, and that it
was not compulsory upon the debtor, even if
insolvent, to place himself in voluntary bank?
ruptcy to avoid the payment of bis debt. Mr.
Magrath, In concluding bis argument, said
that upon those facts they rested, and by the
settled de ol si o n a they had brought forward they
were content to abide. He had had no doubt,
vfrom tbe beginning of the case, as to what
conree the court would pursue. He did not
believe the adjudication asked for was con?
sistent with the temper of bia Honor as a
man, or with bis self-respect as a Judge. He
was not a Judicial Don Quixote to be tilting at
such a windmill. His conservative) temper in
the interpretation of the bankrupt i*w bad
been manifested at an early day, and to the
credit of the District Court of South Carolina,
and bad since been vindicated by the Supreme
Court of the United States. Even with that
august tribunal the defence of the Constitu?
tion of the United States was one that was
constantly recognized. Those venerable men
comprising that court, amid all tbe shifting
changes of the past few years, had always
planted themselves lu the breach when the
constitution WBB attacked, and breasted the
waves that seemed to be beating against tb TO.
To go Into that small room In Washing?
ton where the deliberations of that court
were held, to look upon the features of the
men who In former days presided as they
look down from the paintings on the walls,
and then to look upon the men who in those
latter days sat there, and, few and weak as
they were, manfully withstood the power
sought to be brought against the constitution'
could not but remind the beholder of tbat
touching story, familiar to all school-boys, of
-fie venerable Roman senator, standing on
the forum In all the dignity of his age and
silver hairs, who dared to strike down the
barbarian who attempted to violate the
sancticlty of a senator by laying his hand
upon his person. He knew not what was be?
fore them or before the country, but he trust?
ed that the day would never come when a
judge who wore the ermine of the United
States should hesitate'to support tbe rights of
even the weakest cl ? zen of the United States,
and his Honor would well remember the
name of that judge who, when the authority
of h la court was challenged, called upon bis
marshal to put bim at ihe head of the posse
of the court, declaring. In words tbat should
never die, that he never wished to outlive
the law.
Thia concluded the arguments on the part
of the Railroad Company, and Mr. D. T. Cor?
bin proceeded to address the court on behalf
of the petitioners. He said that.he regretted
that in a case of this magnitude anything
should have been dragged In that was not per?
tinent to the Issues in the case; but those had
been matters of taste over which neither he
nor the court had had control. The pro?
ceeding which he was charged to in?
stitute was the proceeding of an honest
creditor of the road seeking, If he might by
any means do so, to recover something upon
aa honest debt. It was a proceediog also to
prevent certain special creditors from coming
In and eatiog up the assets of the road, and
thar, as he understood It, was exactly the
scope and object of the bankrupt act. He
held tn his hands $120,000 of the bonds and
coupons of the company Issued partly
in 1855 and partly In 1858,. all having
ten years to run and all long since
past due. Their holders had been ior
the pa9t aeven years begging the company to
take them up. Tney were not received on the
market, and their very existence showed the
road to be insolvent. The holders of tht?se
bonds were honest creditors of that road, and
as such entitled to some respect In that court.
They were not to be told, forsooth, that they
were in collusion with a set of rascals and
scoundrels? who lately * held posses?
sion of the road, or that they were
mere puppets in the hands of those
parties. There wa9 not a particle of evidence
to show that, and all such remarks were
gratuitous and uncalled for. All that he
knew of them was that a gentleman-a
banker-of respectability and responsibility
bad placed the bonds In his hands, and direct?
ed those proceedings to be Instituted. It bad
even been intimated in a newspaper, inno?
cently, no doubt, that these bonds were a por?
tion of those that had been fraudulently ab?
stracted, and that the proceedings had been
instituted in the Interest of parties hostile to
the road; but that was a total misapprehen?
sion of the facts of the case, the bonds having
been issued long before the war, and before
there were any charges ot fraud In connection
with the company. Mr. Corbin then recapitu?
lated the points bf the petition and ot the
reply, and taking up the first subject
In the reply, he argued that the court had Ju?
risdiction over the case notwithstanding the
proceedings Instituted by the State as guaran?
tor, and the fact that the State Court bad
taken possession of all the property of the
road. The bankruptcy act Itself, in Its first
section, put an end ar. once to the first
and second counts ol the reply. There lt was
distinctly said that the United States District
Court should have original Jurisdiction over
all matters of bankruptcy, to extend to all
cases between bankrupts and any creditor
who shall claim any debt, lo the liquidation of
all Heos and other specific claims, and to the
adj uatmeut of all priorities. The second mort?
gage had been issued to the State to
secure its guaranty, and the stale,
therefore, had a Hen, but what then ?
The act gave them specific authority
to act, and the language of the act
.could not have fitted more exactly if lt
had been made for that case. He claimed
also that the decisions ot the Supreme Court
had set the matter at rest, and he cited the
cases of the United States against Peters, (5
Gran ch, 135;) Osborn against the United States
Bank, (9 Wheaton, 846;) Bank of the United
States against Planters' Bank of Georgia, (9
Wheaton, 904;) Bank of Kentucky against
Wlster, (2 Peters, 323.) He claimed that the
State In putting Its guaranty upon the obliga?
tions ol the road had laid aside its sovereign
capacity and had done that lu Its Individual
capacity. In the cases cited. Jurisdiction had
been allowed where the Siate had been the
actual owner of the property, whereas lu that
case lt had only the interest o? a mortgagee. In
the case o? a citizen desiring to take advantage
of the bankrupt act as a voluntary bankrupt,
he could not be deprived of that right be?
cause the State bpapeuedtobe one of his credi?
tors, and similarly, when such a condition ot
affairs was shown as to give a creditor the
right to put him into involuntary bankruptcy,
he should not be deprived of that right be?
cause the State was also a creditor. He con?
tended that the fact of the litigations in the
Slate courts made no difference as to the Juris?
diction. It did not follow that the court
would order those suits, to be discontinued. It
might go cn, appolot an assignee, and then
direct him to go before those courts and enter
into those litigations, and await their result.
Mr. Corbin was interrupted at this point by
by the hou .-of adjournment, and will resume
Lis argument this morning.
THE STBZKJSttS *?.JC 'XH?~NORTH.
WiLLiAMSPORT, PA., July 24.
.The militia are here iu force, and many
strikers have been arrested. The exciteJaent
has somewhat subsided. The mayor hus
ordered hotel and Saloon bars closed, and re?
quests citizens to remain within doors The
rumors that large numbers ot miners are
coming trom adjacent mines ls discredited.
Naw Y..RK, Juiy 24.
The Trades Unions have quarrelled about the
parade proposed for August 1, and.lt ls now
probable that the parade will not come off.
TSE WEATHER THIS DAT.
WASHINGTON, July 24.
Clearing weather to-night on the lower
lakes, and thence to Virglula, and northeast
winds over the Middle and Eastern States,
with northerly to westerly winds, veering to
southerly on Thursday, and temporary mode?
rate temperature. Southerly winds In the
South Ailantlc and Gulf Stales, extending
northward to the Ohio Valley, with partially
cloudy weather. The low barometer In the
Northwest moves eastward, with southerly to
easterly winds. Threatening weather and
rain In the Northwest and Upper Mississippi
Valley and the upper lakes on Thursday.
THE GENEVA ARBITRATORS.
NEW YORK, July 24.
A World special, from Geneva, nays : "Seri?
ous embarrassment has been caused In the
board of arbitration by the English protest
against the consideration of any evidence or
argument showing animus on the part ol
Great Britain. England Insiste that the Intro?
duction of this evidence practically admits the
consideration of the spirit of ihe direct
claims which were presented only to prove
other claims which lt would otherwise be Im?
possible to substantiate. Should this evidence
oe excluded few cases can be proved."
COTTON PROSPECTS IN THE STATE.
A Gloomy Report from Barnwell.
The following ls an extract from a letter re?
ceived from Barnwell yesterday by a promi?
nent factor of this city:
I regret to have to report that cotton, so
far as I have seen and inspected lt, ls not as
good as uBual, there being in my oplulon not
exceeding one-third of the bolls on early cot?
ton that ought to be on lt at this season. This
ls caused, I have no doubt, by tbe injury done
by lice. Possibly the cotton, though it looks
bad and poor, may make up by a late fruitage
lor the defect In the early part of the season.
The younz crop that escaped lice is better
fruited. The weed is generally unusually
large.
The First Boll from Florence.
An esteemed correspondent, writing from
Florence yesterday, Bays;
Herewith I send you the first cotton boll ot
the season In this section. It was taken from
tbe plant?t lon ot Mr. John Howe on the 17th
Instant, where many more are now to be
seen. He has forty acres planted, all loosing
and doloz exceedingly well. Should nothing
occur to prevent, h*j expects to have a bale in
by the 10th proximo.
THE FIRST COTTON IN NEW YORK.
NEW YORK, July 24.
The first lot of new cot iou arrived here this
day from Western Texas. It classed as low
middling, and sold at auction for 43* cents per
pound.
THE LIBERAL CAMPAIGN.
A BUGLE BLAST FROM SENATOR CARL
scauRz.
A Terrible Onslaught upon Grant.
Ata Liberal Republican meeting ia St. Louis
on Monday night, called lor- the purpose of
electing a county executive committee, Sena?
tor Schurz delivered a very langlo* and elabo?
rate address, of which the following is an out?
line. The sena'. jr started out by saying:
"Standing before my constituents, I deem it
my duty to give an account of my public con?
duct, the motives which have governed lt, and
the ends lt ls intended to secure. I can do
this In no better way than by expressing tully
and frankly my views on the events which
have produced the present extraordinary situ?
ation ol our public national affairs, events in
which I took a small part, and also to state
what I consider lt my duty as a patriotic citi?
zen to do In order to promote the best inter?
ests of the Republic.
"It has been my misfortune to displease
many with whom I co-operated in the political
field for many years, and with whom I now,
with great regret, find myself separated. To
the attacks with which some of them endeavor
to overwhelm mel have but one answer." He
then reiterated what he has previously Bald
about never considering his party the supreme
arbiter of his sense ol duty. He then said:
'.When I was honored with a seat in the
Senate of tbe Unlteu States, I expected to sup?
port the administration which then came into
power. The tasks lt was called to perform
were of unusual Importance. The civil war
was over; ita logical reBults, the abolition of sla?
very and the organization of free labor society
In the South, were J nat being reduced to politi?
cal form, and embedded in the constitution of
the Republic. The first great object of our
policy should have been to renationalize the
South, and revive among the Southern-people
a feeling caloulated to attach their hearts
again to th" fortunes of this. Union; for let us
not indulge In the delusion that the holding
together by force of Hs component parts ls a
basis upon which a Republic can salely rest or
long endure. It requires a bond which binds
together the heans of the'people, and not their
bodies. Only to create that bond was for
us the highest object of statesmanship."
He then referred in detail to the different
acts of the Administration party, going over
the ground traversed by himself and others In
the Senate. In regard to the San Domingo
matter he made the following statement :
"When the t-ao Domingo scheme was pend?
ing, two gentlemen in intimate relations with
the White House came to me, each one sepa?
rately, soliciting my support of the project.
They assured me if I would give that support
or abstain from opposition ail the patronage
I desired would be at my disposai, making me,
in that respect, one of tbs most Influential
men in the land. One of these gentlemen
subsequently admitted to me lo writing that
the offer was made to me with the cousent of
the President himself.'' He said that he had
withheld this statement a long ti me In spite of
many provocations, and made lt now ouly be?
cause, as the papers have recently stated, the
President himself put forth tbe assertion, in a
published Interview, that he (sch?rz j had op?
posed him because he had not received as
much patronage as he wanted.
He then dwelt upon the abuses of patron?
age and evils of the civil servioe, stating there
never was a time when the lailer wai more
like a thoroughly drilled and disciplined or?
ganization of political agents, or when the
public interest was more shamelessly over?
ruled by political exigency.
Referring to President Grant, be said: "I
should prefer not to speak of bim, did he not
stand as the embodiment and personification
of the pernicious system which derives from
bis individuality its peculiar character. Grati?
tude tor bis military services and respect for
his office hare long restrained many from ex?
presslug their real oplnloos concerning him.
I shaii be the last man to forget or to carp at
thc great services he has rendered In tbt> field
of war. The honors he has won, the laurels
iv) has gathered, shall not be touched; but
now ho ls a civil officer, and he atks us to
continue him at the head of the civil govern?
ment, Wlih this question bis laurels have
nothing to do. Wuen be ascended the presi?
dential chair, lt may be said the whole people
surrounded him, with coralal offers of
their confidence, and willing to aid in all he
might do to give tbe country a good sjov
ern ment, .There was not a statesman lu the
'Republic who would not have been ready,
nay proud, to serve him at his call. He
might have reinforced hid suppoiters from the
ranks of the opposition. Accidental mistakes
would have been rea. illy forgot ton; evidence
of pure motives and honest efforts would bave
easily silenced factious clamors. But his
Career as President warrants the conc usi?n
that he has never been able fully to appreci?
ate the difference between military command
and the complete duties and responsibilities
ot civil administration. I doubt whether it
has ever become quite clear to his mind what
the Presidency means In our system of gov*
ernment. When that high office was pre?
sented to bim he took ii as a sort of national
reward, an accommodation, a place in which,
after his military exploits, be might make
himself comfortable. His mina seems
to have been tut little disturbed by the
great duties and problems he was to take
in hand It was soon discovered that fur
his future success he needed organized par-,
tlsan support. Il was easily had. Required alli?
ances formed themselves by natural gravita?
tion. S ion we found him surrounded by poli?
tical managers Camerons, Chandlers, Mor?
tons. C mkllugs, Bullers, ic,-ready lo do his
work If he would do theirs It was a matter
of congeniality. The Interests of the Presi?
dent and of sucn political chieftains identified
themselves without difficulty, aiding with
executive influence In controlling Slates for
themselves, and they giving their aid lu con?
trolling the pai ty for bim. One hand washed
the omer. This was gradually brought Into
system, all co-operatlou being welcome; even
such as that of Clayton, in Arkansas. Then
that peculiar party despotism grew up which
os i ruc is ed e wiy body who refused to obey Us
commands. Ii gave birth to a new soit of
party orthodoxy, whose first tenet was that
President Grant must be re-elected. Oppobl-.
Hon to Grant constituted high treason aicatnst a
party for which there was no quarter." The
senator dwelt on this theme at great
length, using-the 'strongest and severest
language that has yet been aimed at
the President and his supporters. After
referring to the President's nepotism,
his appointment of Tom Murphy, his
fondness for personal pleasure, and that he
had actual.y Been loreign ministers In the
Capitol ot ihe nation, looking lor the Govern?
ment of the United States, the senator added.
"I will not wrong President Grant, He la by
no means a monster of Iniquity. He ls simply
a man wbo makes use ot bis high official posi?
tion to suit bis own convenience regardless
of other interests. He does not sit in his
closit a designing usurper, gloomily ponder?
ing how he may subvert the free Institutions
ot ihe Republic; neither does be ponder how
he may pres? rve them. He does not ponder ai
all. He simply wants to carry a point; when,
and as In the San Domingo case, the consti
tutlon happens to stand in his way he Justs
walks over lt. He does not mean to break
down the aulhority of the laws; he simply
wants them not to hamper him In his doing*.
He does not mean systematically to outrage
tbe public sense of decency by nepo?
tism and low associations, lo cor?
rupt the service and degrade our po?
litical life; be only wants to make bis rela?
tions and lavorites comfortable, to associate
wi th men who are congenial to him, and to
take the best care ot his Interest he can. He
io not Incapable of occasionally doing good
things. He prefers good appointments to bad
ones, other things being equal He undoubt?
edly desires thai affairs should go well, his own
we'fare included. Such ia the character of bis
personal government. He should be doing lt
too much honor by calling it Cosarism. It ls
not inspired by any grand, lofty, and long?
headed ambition. It ls absolutely barren of
ideas and originality, bare of sinking achieve?
ments, void of noble sentiments and Inspiring
example. It ls simply dull, heavy, stupid and
stubborn In Its selfishness.
After pursuing this subject si Ul further and
with some bitterness, the senator spoke of
the apathy which naturally lollows a period of
great excitement, and declared that the Cin?
cinnati Convention was the result of a popular
uDrlsIng from such apathy; that lt assumed
dimensions far beyond any expectations of Ita
originators, embraced multitudes who were
Impelled by one Impulse to unite the whole
American people in the bonds o? reconcilia
Hon and fraternal feeling, and to shake off
personal government and party despotism,
acknowledging that Its action had caused dis?
appointment to himself- and others, who
wished Its declarations of policy as we'' as Its
caodldafea to be such that the vlotory of the
movement would iurnlsh an administration
approaching the Ideal of good government as
near as human wisdom, integrity and earnest
efforts could carry lt.
He declared he had come deliberately to the
conclusion that no possibility existed to unite
more tully all the sources which the move?
ment gathered under lu banners, and argued
i hat tbe overthrow of party despotism ls the
first tblng needful to any.reform. Greeley
would have at his back no regular'organiza?
tion, and could win support and favor of the
people only by deserving it.
Tariff reformers should learn lrom the ene?
mies of their principles, who Instinctively Und
the surest and most natural bulwark in a parly
which ls controlled by organized selfishness.
Mr. Schurz then caused to be read corres?
pondence with Mr. Greeley In reference to
civil service reform.
CIVIL SERVICE REFORM.
Correspondence between Senator Schurz
and Horace Greeley.
The following ls the correspondence read by j
Senator Schurz In his speech at St. Louis on |
Monday night :
". T Bt,' Loms' June 26, 1672.
Dear Sir-la your letter of acceptance you
promise thorough reform of the civil service
in general terms. The question how the
problem of civil service relorm presents Itself
toyourmlDd ls one of great Interest, and I
would suggesi, if it be consistent with your
views of propriety, that you give me euch ex?
planations as will put, your intentions in this
respect In a clear light.
Yours, truly, c. SCHURZ.
The following Is Mr. Greeley's reply :
NEW YORE, July 6,1872.
My Dear Sir-Yours ot the 26th ult. only
readied me three days ago. I respond as
promptly as I may. The problem of civil ser?
vice reform ls rendered difficult by an alliance
between the executive and legislative
branches of our federal government. Those ;
members of Congress who favor the adm inls- j
iratlon habitually claim and are accorded a
virtual monopoly of the federal offices lu their
respective States or districts, dictating ap?
pointments and removals as Interest or caprice
may suggest. The President appoints at their
bidding. They legislate In subservience to his
will, oiteu lo opposition to their own Convie
Hons. Unless all history is unmeaning, this
comesslon of executive and legislative re?
sponsibilities and functions could not fall to
dletemper and corrupt the body politic.
I hold the eligibility of our President to
re-election the malo source of this cor?
ruption. A President should be above the
hope of future favor or the fear ot alienating
powerful and ambitious partisane. He should
be the official chief, not of a party, hut of the
Republic. He should dread nothing but the
accusing voice of history and the inexorable
Judgment of God. He should tully realize and
never forget that Congress lo its own sphere
ls paramount, and nowise amenable to his
supervision, and that the heartiest good-will
to his administration ls perfectly compatible
with the moat pointed dissent from his incul?
cations. In the very gravest questions In
finance or political economy lt ls the first step
that costs. Let lt be settled that a President!
Is not to be re-elect?d while in office, and
civil service reform is no longer difficult. Hf
will-need no t , .ans, DO subsidized defenders;
be will naturally select his chlel COUD- i
sellers from among the ablest and wisest of
his eminent feiiow-cUiz-ns. regardless alike of
the ehrlekB of locality aod ihe suggestions of a
selfish policy ; he will have no interest to con?
ciliate, no chief of a powerful ciao to attach tu
bis personal fortune; he will be impeded to
appoint, as will none deny he should appoint,
men of ripe exp?rience In business and emi?
nent mercantile capacity to Collect, keep and
disburse the revenue, Instead ol' dexterous
manipulators of primary meetings, and SKilful
traffickers In delegates ?o nominating conven?
tions. He will thus transform tie civil service
of UM couniry from a party machine imo a
business establishment. No longer an aspi?
rant for place, the President will naturally
aim to merit and secure the approval of the
entire people, but especially of tbe eminently
wiso and good.
A? to the machinery of the boards of exam?
ination. Ac. whereby the details of civil ser
vice reform are to be matured and perfected, I
differ to .je Judgment of a Congress unper- j
verted by thc adulterous commerce In legisla?
tion and appointments which I have already
exposed and reprehended. Up to thia time
our experience of i he doings of boards in this
direction has not been encouraging, and this I
am confident ls not the fault ol the gentlemen
who have tried to serve the public as Com?
missioners. Io so far as they may have failed,
the cause ol their lil mice-ss must be Intrinsic.
Had they been accorded a fairer field, I am
sure tney would have wrought to better pur?
pose.
A thinker has observed that the spirit in
which we work ls the chief matter, and we
can never achieve civil service reform until
the interests which demand lt shall be more
potent In our public counsels than those which
resist even while seeming to favor it. That
ihis consummation is not distant I fervently
trust. Io the meantime, thanking you for
your earnest and effective labors to this end, I
remain yours, HORACE GREELEY.
GEORGIA FOR GREELEY.
Fusion of the Democrats and Iliberal
Republicans-Governor smith Re?
nominated by the Convention at At?
lanta Yesterday.
ATLANTA, July 24.
The Democratic State Convention unani?
mously renominated Governor smith by ac- j
clamai ion. 'ind reaffirmed the platform ol' 1870,
with ihls additional resolution : They recog?
nize the exigencies of the times which sug?
gested and secured the nomination by the
Democratic Convention at Ballimore of Horace
Greeley and B. Gratz Brown as candidates
for President and vice-President of the United
States, and regard their election as conducive
io the preservation of the rights of the States
to local self government, BUG the protection
of tbe Individual lloerty o? the citizens. The
Liberal Republicans in convention agreed to
support the Democratic Greeley electoral
ticket.
POLITICAL NOTES BY TELEGRAPH.
Congresst' tal Nominations,
- CAIRO, ILLS., July 24.
The Democrats and Liberal Republicans of |
the Eighth District having, failed to agree
upon a candidate, the Democrats have nomi-i
oated Wall, and the Liberals Jones for Con- j
gress.
MARION-, OHIO, July 24.
The Democrats and Liberal Republicans
have nominated General Geo. W. Morgan for
Congress.
A Response to Schurz'? Sr. Louis Speech.
NEW YOKE, July 24.
At the closing of his speech, lost night, Sen?
ator Conkllng said, lo reference to Carl
Schurz's statement that he had been offered
patronage for his support of the San Domingo
business, "I will take the responsibility of the
atatement tbat the man who says that Iles."
THE SIEGE OF MATAMORAS ENDED.
MATAMORA*, July 24.
The military authorities have issued a proc?
lamation raising tne Biege, annulling martial
law and abolishing passport Bystem and other j
military restrictions which have prevailed for |
several months.
SPARKS FROM THE WIRES.
-Ralph Waldo Emerson's house 1B burned.
-The labors of the tieneva tribunal will oc?
cupy ihre? or lour months.
-It ls said that Bishop Bayley, of New
Jersey, is soon to be made the Catholic Arch?
bishop of Ballimore.
-The cholera ls abating In Russia. The
deatliB for the past week were: St. Petersburg
126, Moscow 32, Odessa 84.
-The Irish and French citizens of Phil?
adelphia turned out in large force yesterday
to receive the French band.
-Jerome L. Babne was robbed In a New
York stage yesterday of a package containing
ten thousand dollars worth of diamonds.
-The prloe ot coal In England ls advancing.
The ocean steamers have increased their rates
ot tare lu consequence, and the importation
ol coal from Belgium has commenced. i
THE BLUE RIDGE SCRIP.
WHY JUDGE WILLARD DECLARED
ITS ISSXTE XmcONSTITTTTIONAL.
The Fall Text or the Declilon.
The following ls tbe full text of the decision
o? Judge Willard In the bond scrip case, the
substance of which was given In our Colum?
bia dispatches yesterday morning :
COMMON PLEAS-RICHLAND COUNTY.-The
State ex rel. E. F Gary, Auditor, vs. N. O.
Parker, Treasurer ano others.
Tnls motion comes before me under Section
241 of the Code, authorizing a justice of the
Supreme Court to eutertalaa motion lor an
iojuoctlon in case of the absence of the circuit
Judge from bis circuit, or his inability from
aoy cause.
The question involved is, whether an act ot
the Legislature, en 1 tl ed "Aa act to relieve
the State of 8ouih Carolina ot all liability for
Its guaranty- of the bonds of the Biue Rldire
Railroad Company, by providing for the se?
curing and destruction of the same," passed
March 2, 1872, (15stat, 79.) Is unconstitutional,
so lar as lt attempts to "authorize the issue ot
certain obligations from the'treasury of the
State, designated therein as revenue bond
ecrip, on the ground t Dat such act contravenes
PO mush of the tenth section of the first
article of the Constitution of the United States
as declares that no State shall "emit bills of
credit."
It ls claimed by the plaintiff that the obliga?
tions contemplated by tbe second aud third
sections of that act are bills of credit, within
thu meaning ot the Constitution of the United
Slates, and that the provisions of such law,
for the Issue of such obligations, intend an
emission within the sense aad meaning of that
constl utlon.
Section 3 provides as follows: "That to
carry out the purposes of this act the State
treasurer ls hereby authorized and required
to have printed, or engraved on steel, as soon
as practlcaole, treasury certificates o? indebt?
edness, to be known and designated as reve?
nue bond scrip of the Slate of South Carolina,
in such form and of such denominations as
may be determined on by the State treasurer
and the president o? the Blue Bldge Railroad
Com nan v in South Carolina, to tne amount ot
$1,800 OOO; which revenue oond scrip shall be
signed by tne State treasurer, and shall ex?
press that the sum mentioned therein ls due
by the State or South Carolina to the bearer
thereof, and the same will be received in pay?
ment of taxes and ail other dues to tne State,
except special tax levied to pay Interest on
tbe public debt."
The question arises, are the obligations con?
templated by this section oil s o? credit, within
the meaning of the Constitution of the United
Slates? The proper de a nit lon of the terms
"bills ot credit" bas been settled in the Su?
preme Court of the United Stales, after much
abie and earnest discussion, eliciting marked
difference of opinion. Chief Justice Marshall,
in delivering the opinion of the majority of the
court, in Craig vs. Missouri, (4 Peters, 490.)
declares tbat i he terms "billa ol credit," as
emuloyed In the Constitution of the United
Stales, ''slgniiy a paper medium Intended to
circulate between individuals, and between
government and individuals, for the ora* nary
purposes of society,, und that the probibli lon
against such ?misions comprehends the emis?
sion ot any paper medium by a State
government for the purpose of common
circulation.'' This definition received much
consideration, as to its accuracy. In the subs??
quent case of Brl-coe vs. Bank, (ll Peters,
267,) but was enforced, rather than impaired,
by the decision In the last named ca-e. The
opinion ot the majoriiy of the judges, in Bris?
coe vs. Bank, was delivered by Justice
McLean, who, lt will be observed, was ..ne of
the lusilces who dlssenied In Craig vs. Mis?
souri. He declares, aller reviewing the vari?
ous definitions of the terms lu question tbat
had been brought Into discussion in Craig vs.
Missouri, that "the definition there, which does
include all clast-es of bills ot credit, emitted by
i he Colonies or States, is a paper medium,
Issued ny the sovereign power, containing a
pledge of lis faith, and designed to circulate
us money."
It ls not necessary, for the purposes of the
present case, to Inquire whelher the foregoing
definition ls exhaustive of the whole sense and
meaning Of Ihe constitutional prohibition, for
the present case will be found lu .ly wlthlu that
detlDit'Oi), and, therefore, covered by the
authority of the Supreme Court of the United
Slates in the case already cited. It remains,
theo, only to inquire whether the obligations
contemplated by the act under consideration
are Intended to nave the following character?
istics:
1. That they were to be issued by a State In
Us sovereign character.
2 That they were to contain a pledge ot its
fal lb; and
3. That they were intended to circulate as
money.
The first and second propositions are settled
in the affirmative by the terms o? Section 3,
which provides, as we bold, for a paper to be
Issued by tbe State treasurer, Impon log an
obligation on the part of the State to pay a
certain sum of money to the bearer. It will,
theretore, be necessary only to inquire
whether lt was the Intention of the act chat
this paper should circulate as money.
An inquiry ot this nature cans into exercise
one of tue most important and responsible
judicial powers Incident to a constitutional
government. It Involves the examinai lon of
an act ol the Legislature, with the view ot
flxlog the purpose and inientof the Legisla?
ture ia the passage ot ouch aot, not merely aa
a means ot effectuating such purpose and
intent of the law making power by mean-? of
ihe Judicial authority, but fur the purpose of
tesl log the authority of the law-making power
liseli in the euee, under the supreme law of
ihe land. The principles that should govern
such an Inquiry are weil Illustrai ed in the
case ot Craig vs. Missouri, already referred to-,
and the mode lu which they are there ap?
plied to a case remarkably similar to the one
lu hand, marks out veiy clearly the line o? in?
quiry appropriate to be pursued.
To fix the meaning or the term "money," lt
must be taken In tue ordinary sense under?
stood by the community in their mutual deal?
ings. A streuuous attempt was made in Craig
vs. Missouri, aod io Briscue vs. Bank, to limit
the senBe of the term "money," as entering
into the quesiion of what constitutes a bili ot
credit, to the legal or technical sense ol the
term, which embraces only the legal coinage
of the country, and that whloh ls its legal
equivalent, or, in other words, ls made legal
tender; but that Une of argument did not pre?
vail.
The question properly stated ls, whether a
particular obligatlou is what the coummunlty
regards and deals with as money ? Tbe an?
swer to lt is, that whatever ls current in a
form convenient lo puss from hand to band,
and that may be used to pay debi s or purchase
commodities, ls lu ibis Beuae money. It h not
ess-ni lal to such churacier thal tender of pay?
ment lo euch euristltuted medium anould nave
the force aud effect of a legal tender, nor thal
lt should have an actual capacity for paying
debts and purchasing commodities equal to
that of money possessing lmrlnslcor legal
value. That which parses current as money
I may be depredated without losing its charac?
ter as money, aod depreciation necessarily
Implies a diminished capacity for paying debts
and purcoaslng commodities,
i On tbe other band, lt ls not enough to char?
acterize an obligation us money, merely be?
cause certain Individuals have found it conve?
nient to use lt In ihe place ol money lu their
mumal transactions. There must be a dealing
in this medium, or money, by th? community
as such, although the extent to which such
deallog by the community ls carried ls, per?
haps, unimportant to the questlOD.
There are certain characteristics that tend to
adapt a paper promising to pay money, or rep?
resenting money value, to become current In
tbe community as money, Ir must be In a
form convenient to pass lrom hand to band; lt
must be based either on the credit of a govern?
ment, a corporation or an Individual, or asso?
ciation of Individuals, or upon a fund pledged
or set apart for Its redemption; it
must either have undoubted credit,- such
as arises from its ready convertibility
Into money value, or it must tend to supply
some want, natural or ai tindal, of the commu?
nity in which lt is Intended tor circulation; it
must be placed upon the community in-quan
tlty or volume sufficient to create an adequate
Interest and motive to secure Its currency;
and, finally, lt must have a certain denomina?
tional character, adjusted to the wants o? the
community in respect to a circulating me?
dium.
Au examination of the act in question will
disclose a clear Intent to clothe the obliga?
tions in questions with attributes fitting them
for general circulation as money. These at?
tributes will be considered In tbe order just
stated :
1. Was lt intended that the revenue bond
scrip should be issued In a form convenient to
pa?s from hand to hand In ordinary transac?
tions of the community ?
Seotion third gives the scrip the form most
usual and convenient to serve as paper money,
viz: that of the usual bank or treasury note.
It ls to be printed or engraved on steel in such
form and of such denomination as the Slate
treasurer and president of the Blue Bidge
Railroad Company shall determine. The oo
Ject of referring tbls authority, as to form and
denomination, to ibe treasurer and the presi?
dent of the B.ue Ridge Rs'lroad Company ls
obvious. The treasurer ls, by the act, to re?
ceive and pay out this scrip from the treas
ry as money, and the president of the railroad
company is to receive the scrip as the repre?
sentative of his oompany, and to realize from
ns employment; and as most likely to know
what quail ilea, as to form and denomination,
would have the tendency to give the greatest
currency to the sen p at the time of its I -sue, a
certain discretion 1B left with them for snoh
purpose. While the third section determines
what shall be the substantial character of the
scrip, as Imparting a pledge ot the public faith
and credit, the form of the Instrument, as
adapting lt io external appearance to the com?
mon notion of money, ls left with those most
concerned in its currency.
2. It ls to be based, by the terms of tbe act,
on the State Government in ita sovereign
capacity.
s. Tn? act attempts to confer upon lt not
only ihe full credit capable of being conferred
by this, as of the full faith and credit of the
State, bnt to create an artificial want In the
community tending to give it currency. In
the first place, it ls made resolvable in pay?
ment of taxes and all other dues to the State,
except the special tax levied to pay Interest
on the pu bl io debt. (Seo. 3.) Again, lt ls
provided that If any such scrip ls received In
the treasury for tbe payment of taxes, the
treasurer ls authorized to pay out the same in
satisfaction of any c alms agalast the treasury,
except Interest that may be due on the pabilo
debt. (Seo. 6.)
These provisions contain two distinct fea?
tures. The first le a permissive feature,
affecting each individual in the community
who ls a taxpayer, and supplying to him a
a motive to become a -purchaser of the
scrip. A more energetic means of creating an
Interest and motive in tbe community to deal
with the scrip as money could not be offered,
short of making the scrip compulsory pay?
ment ot all debts as between individuals. The
other feature lnvolvea the communication to
the eorlp of the capacity of performing all the
functions of money in all dealings between
the State and individuals, excepting only the
case of the payment of interest on the public
debt. This last feature can have no other
significance than that of giving currency to
the scrip as money.
It will be observed from the language of
the fourth section, In wnloh the raitn and
funds of the State are pledged, that such
pledge ls not In terms that such scrip shall
be redeemed by payment to the bearer, on
presentation ot the amount of money ca led
for by lt, but the language Is "that the faith
and funds of the State are hereby pledged for
the ultimate redemption of said revenue bond
pcrlp." It l's only ultimate redemption, not
payment on demand, that ls covered by this
pledge. What ls meant by ultimate redemp?
tion Ts made clear by the succeeding clauses
of that section. It ls provided that a certain
tax sbali be annually levied for the redemp?
tion ot tbe Bcrlp; and lt IB also provtdrd that
the State treasurer shall "retire at the end of
each year from their date one-fourth of the
amount of treasury scrip hereby authorized to
be Issued, until all of lt shall be retired,
and to apply to such purpose exclusively the
laxes hereby required io be levied." The
effect ol these pi o vial ona ie that the holder of
the scrip mast not look for payment according
to ihe tenor of his scrip, bat must seek a par?
ket .for its circulation under the influence o?
the pledge of laiih and funds for its ultimate
redemption. In other words, an attempt ts
made to give currency to the Is-iue, notwith?
standing the absence of any Intention or ability
to redeem, nccordln? Co too tenor of tho prom
lae, by obtaining a credit with the community
fur the amount of scrip put In circulation, in
the 8trei>gih ot certain special provisions, and
a general pledge o? ihe faith and funds ot the
Stale for its ultimate redemption.
4. Tne quantity or volume of the contempla?
ted Issue is such as tended to create a strung
motive and interest in the community to keep
the scrip In circulai ion as money. The amount,
$1,800,000, aa compared with the extent ol the
commercial transactions ol the community on
which that amount was Iniended to be placed,
affords the clearest Indication of an intention
so to affect the interest of the community as
to secure ils circulai ion as money. It was lo
be piaced at once io prlvtte hands aa valid
obligations on the part ot ibe Stale. The vari
ons provisions of the aci that look to a distri?
bution among the people preclude the idea
that it was luteuded thai the r?cipients ot this
large fund should hold ll until redemption, or
even that lr, should be kept together In the
bands of a limited number of holders; oo the
contrary, it was clearly intended for disper-1
alon, aud ihe magultuoe of the interest In the
hands of the first receivers of the scrip was
sufficiently large to warrant the assu m pi loa
that lt would become thus diffused throughout
tbe community.
5. As regards Its adaptation in respect of
denomination, we have already seen thai
authority waB conferred on those most con?
cerned with its circulation, to adapt the issue
In that respect to the wants of the community,
auch a provision -hows additional evidence of
an intent that ihe scrip Bhould circulate as
money. Considering the act in Its entire as?
pect, as well as In Ita Integral paris, lt ls c ear
that the Legislature Intended that the scrip
should circu?ale as money; and tbat, for this
reason, the provisions of the act authorizing
the Issue of scrip are in conflict with ibe pro?
hibitions of the Constitution of the United
States as to the emission of bills of credit by
States.
The act being unconstitutional, it is void,
so far as lt contemplates the Issue o? revenue
bond scrip. It is unimportant, therefore, to
Inquire whether trie scrip that Was actually
Issued was conformable to and authorized by
the Mt
The Injunction heretofore issued mast be
continued until the final bearing and d?termi?
nation o? the action. A. J. WILLARD,
A. J. S. C.
FROM THE FEDERAL CAPITAL.
The President Finds Time to Attend to
One Day's Business-Subsequent He?
giro of the Administration.
WA8BINTON-, July 24.
The new French minister, M. De Noalll, pre?
sented his credentials lo the President to-day,
and the usual diplomatic speeches were made.
Tbe President made a large number ot ap?
pointments to-day. among them being the
following: James K. Broadfit, of Wisconsin,
surveyor-general of New Mexico; E. Wilson,
postmaster at Columbus, Texas; William L.
Scruggs, assessor of internal revenue Fourth
Dis'riot of Georgia, and John Tyler, Jr., for
Florida; Ricbara Beardsley, consul-general at
Alexandria, Egypt, vice George Bittier, sus?
pended; Sam'i Dabney, consul at Fa\ al; James
white, of Illinois, minister resident to ibe
Argentine Republic. Under the new law by
which the internal revenue supervisors are
reduced (rom twenty-five to ten ihe following
are relieved: Alexander P. Fulton, for Penu
8 vi van I a, New Jersey, Delaware, Mary land
and the District of Columbia; P. W. Perry,
Virginia,. West Virginia, North and South
Carolina. Georgia and Florida; G. W. Emery,
Kentucky, Tennessee, Alabama, Mississippi
and Louisiana; B. B. Cobb, Missouri, Kansas,
Arkansas and Texas.
Spotted Tall, ibe Indian chief, with his
braves Interviewed the President to-day. The
usual friendly overtures were made on both
sides. Spoiled ''all expressed hts desire for
the President's re-election,, to which the latter
responded that, whatever might be the result
of the election, he hoped there would be no
change IQ the Indian policy.
The President. General Porter and Secretary
Fish lett Washington to-night. Bouiwell goes
later In the week.
Several agents for Indian tribes were re?
moved and others appointed in their places to
, day.
John Potts, lor thirty-six years clerk, and for
i over thirteen years chiet clerk, of the war de?
partment, died this morning. The secretary
of war announces the death in general orders
and paye the deceased a high tribute for up
rightness and Integrity. He was well known
; throughout the entire country.
A MAR7EL10US RESCUE.
A GEORGIAN'S PERILOUS FALL AT
STONE MOUNTAIN.
He ls Caught by sv" Projecting Ledge
Twelve Hundred Peet ii om theB??e.
On Saturday, Major John B. Steward,-who
lives on his lar m near toe north base of Stone
Mountain, Atlanta, Georgia, thought he beard
tbe voice of a man in distress on the steep
side of tbe mountain. Upon looking np he
saw the head of a man, and saw him waring
bis hands for succor. The man called to the
Major for a drink of water, and said that he
had bat little money, bat be would give lt ail
to be taken from the place he waa. TheMajOr
asked him if he was not hoaxing bim? The
man replied tbat he was in earnest. ' Caution?
ing the man to keep quiet, the gentleman pro
ceeded at once to town and obtained assis?
tance. . -
The news spread like wild-fire over town,
and every heart ran ont lo anguish for-the
condition ot. the unfortunate one. Those who
went to the rescue made "quick time" to get
there. Men were stationed at the base of tbe
north-side to signal the party on top at what,
time to descend. Securing ibe rope tb a cedar
tree firmly Imbedded between two maestra
rocks, two gentlemen made the perilous de?
scent to secure the man.. About.three .hun?
dred feet from the top o? the mountain they
came to him. He was lying In a gulch, or
water course, farrowed out of the. rook by
ralos. One loot .was Jammed into a crevice,
and the other bent uno>r his body. He waa,
hugging the rook closely, jvulleone hand waa
grasped in the strap on the collar ot
bis coat. A small tablet of rock, two
or three feet - long and a. toot or BO
wide, was all that was ' between . him
and a fall of some twelve hundred feet to the
ground, Had be moved two or three feet, either
to the rlgnt or left, he would bave been pre?
cipitated to tbe bottom, twelve hundred feet,
and only a horrible mass would have'bees
lound to tell the tale.- He bad Iatn there from
friday evening late until ?-aturoay evening.
His ansie ties and Bufferings were intense.
His feet were Bwollen, lacerated and bittered
ny the hot rocks; the ann poured upon him US'
fiercest raja, causing the moBt excruclailng.
thirst and producing almost entire ollndue-a.
Death seemed to a ar? bim tn the lace on all
sides. Bemm without friendly aid He could
not. He was ai raid to move either tb tho
ri i ht or to the left, or get un, for that terrible
fall was beneath him. Without succor, he,
must die a lingering, torturing death of
thirst and starvation. In adjrtstlDg the
rope several rooks were in tbe way, and
tearing that the rope might < oiaiodga
them and bring them down on the unfortu?
nate mau, they were removed and thrown'eft*
In such a direction as not to strike on the spot.
occupied by the man. With a oraehing noise -
they rolled to ibe brow of the precipice on a'
line with bim, and then plunged down that
terrible distance, burying themselves lu the
earth at the base. Beaching the place, the
rope was tied around the mau and be was con?
ducted to a place of safety. Upon reaching '
1 the sum DC It, the rescued man was BO thirsty
11 hat he would have emptied a bucket or water .
at-one or two draughts had be been .suffered -
to do so. He was carried to a neighboring
store and cared for. .?
On Friday events? the man alluded to,.re?
puted to be a Mr. McCarty, of Villa Bi ca. Gar-;
roll County, went to the top bf Stone M?n?-.
tain, tatting with him a bottle of whiskey. '
He drank rather freely, and, perhaps, -'waa
light-headed. He (-tarted down In search of :
the "Devil's cross-roads," and flndl i? the.de?
seen t becoming abrupt, be pulled off his boots.
He had not KOBO lar when be recollects fill- .
lng and scrambling. His, bo ita were lonna, u
with an empty bottle, at the foot of .a .cedar ,
tree, some one hundred feet above where'he
, was found, ffence lt ts wnpon??>ri.Ttinr h" foll
and scrambled together some forty br fifty
feet. He recollects having bis boots there.
The accident occurred about nightfall. It iti,
doubtless one of the most miraculous escapes
from aeath on record. _
THE NEW TOOK VEG STAHLE AND
FRUIT MARKETS. .
The Daily Bulletin of Tuesday, July 23,
says:
The market generally. Is quiet to-day, ai
usual on Monday, wituout particular' change
In prices. W<- quote: {few potatoes SI 60a2.
Gr--eu corn 76ca$l26 p-r 100. Southern
onions, per bol, $2"2?a'? 50; do Conned lent
$2 50a3 per 100 strings. Mew raren pea $2 per
col. Cucumb-r*. Jersey, $160 per bbl; and
Long inland 50-i75o per 100. Squash. Der oas
kei, 60c; do nurrowfat. per bbl, ? lal 60. New
turnips S2a2 60 per bbl. Canbaies $4 6 per
100. Green oulone $4 per 100 bunch' a. B-eta,
Jersey. $4*6. som hern lomaioe-* 60*15 per
crate; Jersey $1*1 60 per orate, and $ I per bas
ker, aud Long Island $2 60 per basket
The receipts of berries were rather light to?
day, and eales at about Saturday's prices. '
0 her kinds without essential change. We
quote as follows: New apples, goud,-$l60a
2 60 per bbl. 60ca$l per crate. Watermelons
$50a7O per 100 Nutmeg melons $3 60a4 rcr
1 bl. Pears $2 .9 p-r bbl. Peaches, D' law u'e,
$4 per crate for choice; $160a2 per crate for
South of Delaware.
CITY IMPROVEMENTS. '
" A Splendid Store for *n Enterprlilng
Dry Goods House.
The store on King street. No. 276, now occu?
pied by Messrs. Martin & Mood, grocers, la
about to undergo a thorough overhauling af
the bands of ihe Devereux Brothers. The
flight of stairs, on the north side, leading to
tbe second floor, lrom the street, will be re?
moved, and the space so taken up used for
widening the front. A new and handsome
iron front, cast at the foundertes of the Phos?
nix Iron Works, will be put up on the first
story in place of the one now standing. Thin
front Will have two windows nine feet wide,
with square headings, and a door, in the cen?
tre, ten feet wide. The windows will have
three lights, eaoh of French plate glass. Each
of the three floors of the building will ba
thrown Into one large room, and reached by a
roomy and elegant stairway, with mahogany
railings, commencing about the midway of
tbe first floor on the.north side. The work
will be completed during the latter pan of
September, and the store will then be occu?
pied by the well-known dry goods firm of
Furchgott, Benedict & Co. It la the Intention
ol these gentlemen to make this the most ex?
tensive dry goods establishment that Charles?
ton hos had since the war. The internal
arrangement of counters, shelves, Ac, will be
similar to tnat of ihe dry goods bouse of Ar?
nold, Constable ? Co., Broadway, New York.
The first floor will be used aa the retail dry
goods department; the iront part ti the see
ond as a carpet, matting and oil-cloth room,
while the back part will comprise the uphol?
stery department, and the third floor will con?
stitute the wholesale department.
Messrs. Martin * Mood, in the meanwhile,
will flt up the store No. 127 Meeting street,
adjoining their present branch store, on ihe
corner of Market, and remove thither their
stock, which is at present contained In No. 276
King street. In these two stores they will
continue, as heretofore, to supply the demands
created by the appetite of the community. :?
The removal will take place about the lat ot *
August.
On the north side o? Beld street, one door
west of Hanover, a neat two-and-a-hall story
wooden dwelling ls bring erected by a colored .
man for Mr. John'A. Blanche. It is twenty
six ieet front by forty deep, and contains
double piazzas. It will be finished about the
1st of September.

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