Newspaper Page Text
Sunday Morning, January 7, 1866.
Tbc ltfation*l Bank?.
A paragraph in the Phoenix, some
time since, mentioned|five or six na?
tional banks which were reported to
have failed. We see it now stated by
Henry C. Stormi, Agent for the First
National Bank of Philadelphia, that
a national bank cannot fail to pay ito
issue, because it is based upon a
deposit of Government bonds in the
Treasury of the United States; that
for every $100 deposited with the
treasury in the five-twenty (5-20)
bonds, bearing 6 per cent, interest
per annum in gold, payable semi?
annually, the Government issues to
the banking associations $90 in na?
tional bank bills, holding in reserve
10 per cent, to secure the noto or
bill-holder-in case of the bank fail?
ing to redeem. This agent further
says that the Government holds the
plate from -which the bills are printed,
and in no case can there be an over
issue ; that there is no foundation in
the report that certain banks had
We do not know how to reconcile
thora statements. If the statement
of Mr. Stormi be true, we cannot
well see how the bill-holder of any
national bank can suffer. This state?
ment may bring out more infor?
Sustain the President.
The Louisville Courier has some
good remaks upon the importance
and propriety of giving expression to
the general approv al of the President
and bis reconstruction policy through
public meetings of the people, not
only there, but throughout the State
and country, and especially in the
No one can fail to see that the Pre?
sident is firmly fixed in his determi?
nation to bring about the thoroxtgh
pacification of the country by the
complete restoration of the Union.
He has taken his ground and he will
maintain it. He has the sagacity to
see what is required and he is calmly
and heroically pursuing the path ol
duty. But he has a fearful opposi?
tion to contend with and almost in?
surmountable obstacles to overcome.
Fanaticism, prejudices, hate, the de?
sire for revenge, and the hope ol
plunder are arrayed in hostility to
the restoration of the States, upon
which he has resolved and which he
is nov^gil^trLdinT- s4hHstrinKr>a'lij- nnJ
manfully to accomplish.
Under these circumstances, it be?
comes the duty of all who desire to
see him triumph in the contest, to
lend him their countenance and tc
give him their earnest and heart}
support. The public voice shoulc
thunder its utterances into the ear*
of the radicals and fanatics who now
bar the way to the accomplishment
of this great public good, in tone.'
which cannot be misunderstood and
which will not go unheeded.
We are sure, the whole people ol
South Carolina will sustain in everj
proper way the President's restora?
tion policy. He has faith in thc
profession and action of the Southern
States, and he guarantees to them, at
the Nashville Union veiy property
remarks, a republican form of go?
vernment; and thus he leaves them
in the general political condition they
were in before the war. Satisfied
with their sincerity and good faith,
persuaded that they will fulfill all
their duties and obligations to the
Government of the United States,
he leaves them to act for axv4 take
care of themselves. Only Florida
and Texas are behind, and they will
range th^miiias~in due time in line
hera sisters. The I
ogress upon this I
the course of
Finance and Politic?. *
Gold fell in New York last week to
143, with every prospect of a stili
further decline. The causes of thk
favorable condition in financial mat?
ters -are thought to be the disappear?
ance of the war clouds from the na?
tional horizon ; the brighter pros?
pect of the early restoration of the
Southern States ; the confidence in
the firmness and statesmanship ol
Andrew Johnson, and his ability to
thwart thc designs of the ultra radi?
c?is ; the prospect of continued peace
fid relations with foreign powers, and
finally the payment in- gold by th*
Treasury Department of the interest
on the six per cent. b<">nds, which
commenced on the 1st instant.
We firmly believe, that with the
complete restoration of the Union,
and the success of the President's
wise aud peaceful policy, and a con?
tinuance of peace with foreigu na?
tions, that our national currency will
so appreciate that a greenback will
be the representative of its denomina?
tion in gold. And why should it not
be so ? The resources of the country
and the means the Government has,
and can always have, at its command
are so unbounded and unlimited,
that every obligation of the United
States can, nt any time, be paid to
the uttermost farthing. Capitalists
here and in foreign money markets
know this, as has been lately demon?
strated by the rise in American secu?
rities in Europe on the reception of
the President's first message.
It is evident to us, moreover, that
tins state of affairs must materially
aid and? strengthen the Administra?
tion in its purposes and policy.
When the pockets of the capitalists
are favorably affected by any particu?
lar political line of action, we may
rest assured it will be fully supported
The Philadelphia Press thinks that
universal peace will prevail in the
world during the present year-that,
metaphorically speaking, the Temple
of Janus will be closed-but it is
evident that the prevailing desire is
against war. The British policy of
Lord Palmerston, for the most part,
was in favor of peace at any price,
.rad this is certainly the desire of Mr.
Gladstone, who knows that the equali?
zation and reduction of taxation are
wholly incompatible with the costly
condition of war. Napoleon has ac?
tually begun to reduce his military
establishment, and thero has been
some mention of the Kiner of Prussia's
desire to do the same, provided that
he has assui'ance that Napoleon is in
earnest. Austria, if her Emperor
succeeds in securing the confidence
of Hungary by wise concessions and
parental government, will be enabled
to leave the defence of that fine
country mainly to the Magyars thern
??elves; and it soe m s well established
is a fixed fact that the King of Italy
loes not feel himself justified, for
certain fiuancial roasons, in continu?
ing to hold, a threatening front to
Venetia, a province which, iii fullness
of time, will naturally become au in?
tegral part of the Italian kingdom
probably by purchase. Victor Ema?
nuel has also ceased to threaten Rome,
ind, therefore, the withdrawal of the
French troops, which so long main?
tained the Pope in his capacity of a
temporal prince, will not be very ma?
terially felt there. "Rest and be
thankful, " was the Russell-Pahnerston
dictum to the English nation on
reform, and the King of Italy almost
echoed it, when he said in his speech
at the opening of the new Parliament,
(at Florence, on the 18th ult.,) "Wait
and hope" must be his future policy.
The continuance of the new Italian
kingdom may be calculated upon as
permanent. Since tho last session of
the Parliament, Italy, with her pre?
sent form of government, has been
recognized by Spain, Saxony and
Bavaria, and Francis II, ex-King of
the Kingdom of the Two Sicilies, has
been enabled to withdraw his envoy
from Madrid, Dresden and Munich.
In each case, too, the Papal Nuncio
jas received official notification of
recognition of Victor Emanuel.
|ch writer gives a very deli
nigent hit, at the ridicu
to ancient ncestry
the ex-nobles of
icliod in the tapestry
pd palaces. The
that on the
lent in the
^f Choiseul is
. Value of",? ?ftwtpaptr.
The Rome Courier says that a well
conducted newspaper is a great and
good institution. It nerves the heart
of the patriot, it cheers the philan?
thropist, strengthens the arra of the
mechanic, gives confidence to the
merchant, aids the professional man '
in his practice, the student in his
studies, promotes the interest of tho
planter, and furnishes useful infor?
mation and wholesome recreation for
all oiasses. In addition to this, it is
largely through the instrumentality
of newspapers that our railroads are
constructed, cities built up, rivers
made navigable, commerce promoted,
and the arts and sciences extended.
A. good newspaper always promotes
the cause of true religion, by incul?
cating its cardinal doctrines and prin?
ciples, though this may be done by
inference and insinuation frequently,
rather than direct and plain teaching.
If newspapers do all these things
and who can say they do not-how
important it becomes that every
family should have at least one of the
proper sort for their instruction and
improvement. In traveling through
the country, no discerning person
can fail to notice.the great difference
in the intelligence of those families
that take newspapers and those that
If you want to know the. price of
gold or bank bills, take the papers; if
you want to know the price of cotton,
wheat or corn, take the papers; if
you want to know the price of butter,
eggs, or chickens, take the papers; if
you want to know the price of coffee,
sugar and spice, take the papers; if
you want to know the price of cotton
cards and yarns, take the papers; if
you wish to buy or sell lands, take
the papers; if you want to know who
is married or dead, take the papers;
if you want to know of contagions,
pestilence, fires, or famines, take the
papers; if you want to know of "wars
and rumors of wars," take the papers;
in fine, if you want to know anything
that is worth knowing, take a good,
FREXCH INDUSTBIAL EXHIBITION.
There is to be, in Paris, a "French
Universal Exposition," which is in?
tended to offer a complete develop?
ment of the progress of arts, science,
manufactures and mechanical im?
provements throughout the world.
This exposition differs from others ;u
the fact that it is conducted by the
representatives specially of the dif?
ferent National Governments; the
United States, and not the States of
which it is composed, being alone
recognized. A space has been devoted
to this country, which Congress will
probably vote to accept, and then ap?
propriate a sufficient sum to pay all
expenses of transit from the United
States to the exposition. All the
nations of Europe are already in the
field with active commissions at
work-that for Great Britain being
composed of the most practical men
in every department. It is to bo
hoped that the products of Southern
industry will be represented at this
great exhibition; and the occasion
would seem to be a good one to bring
before the world the unrivalled in?
ducements to emigration which the
j Notwithstanding the many predic?
tions, says a Washington correspon?
dent, that have been made of a lively
time at the National Capital this
winter, I doubt if Washington has
ever presented a more dull and un?
interesting aspect, socially or politi?
cally, than at present, and the prospeci
is rather against than in favor of an
improvement. It was expected thal
the people of the South would be
here in full force, knocking for ad?
mission to the doors of Congress,
and thronging the lobbies as in days
of yore; yet there is very little of ex?
aggeration in the statement, that
it is almost as hard to find a South
Carolinian oran Alabamian here now,
as it was a year or two ago.
The common paper used by pub.
Ushers has been very high for severa
months past, ranging from eighteen
to twenty-five cents per pound, and
the excuse has been that many of thc
mills had stopped and others been
compelled to run short time for thc
want of water. Now, however, as
the recent rains Lave filled the streams
and given the manufacturers an
abundance of water, we shall look foi
a marked decline in prices. Surely
paper can be made, and good profits
realized, for less than the prevailing
The Government at Washington
has been officially advised that SpgiE
has been prevailed upon to acc>ep(
the good offices of France, England
and the United States, to bring ajjtoul
a peace with Chili. f
THE PRICES or LIVING.-The New
York Tunes, which devotes a .great
deal of Attention to the question of
A year ago, at wholesale, ire were
paying nearly an average of inf ty'per
cent, more than we are paying to-day
for breadstuffs and provisions. At
retail, in the shops of ail the petty
dealers, the poor housek per pays
as much this week as he did twelve
months ago. This would not be, had
we a market system worth the name,
or if industrious citizens of limited
means would combine-say in the
families of four or five, living in the
same neighborhood-to make their
purchases of the principal articles of
every day consumption in common.
This would especially apply to meat,
flour, sugar and butter-the heavy
items of the weekly bill.
A carcass of good mutton, which
would well divide among four at this
season, might be bought at just about
one-half when it is retailed at per
pound in the petty butcher's shops.
In butter a great saving might like?
wise be made. Surely there are
thousands of cases where this combi?
nation might easily and safely be
made-in the winter season espe?
cially. Let the plan be tried, and we
shall see the profits of the petty re?
tailer reduced to ii point somewhere
within the bounds of reason.
REAJ? ESTATE AND TAXES.-One of
our wealthiest citizens, whose income
from rents of his own dwellings is
$60,000 ayear, has to pay over $29,000
of it in Government, State, County,
municipal and other taxes. Another,
before the war, had a surplus income,
after paying all his necessary ex?
penses, greater than his entire income
to-day from the same property, out
of which all expenses have to be paid,
and this upon the same property.
Men of fixed incomes and liberal
habits of living find these the hardest
times of all their lives. The truth is,
the enormous expense of living,
coupled with high taxes, is eating up
the patrimony of one-half the people,
and yet we have propositions, alike
from capitalists and laborers, tending
to increase all these burdens far
beyond what they are. New York
city is not worse governed nor worse
taxed than other communities, but a
vicious system of legislation, coupled
with vicious ideas of government
and modes of expenditure, are harden?
ing the \*holo community.
[New York Express.
THE SOUTHERN SICK MAN.-Russia
had her "sick mau," and the United
States, it is to be feared, has one also.
It is the more dangerous in the latter
case that the malady of the patient
is not suspected by the nation. If
the Northern people could see the
wharves at New Orleans with but two
or three steamboats where seven
years since there was a mile of boats
closely packed ; if they could behold
the levee swept bare twenty acres in
& place as clean as Boston Common,
or any other common, and remember
that the time has been when for miles
this levee was piled with all the varied
products of nearly twenty degrees of
latitude-20,000 miles of navigable
water, and some 400,000 square
miles-they would see that the South
is the "sick man" of the United
States, and that unless prompt reme?
dies and careful nursing are adminis?
tered, there is imminent danger of a
[Cor. Naii07ial Intelligencer.
MAIL BOUTES RE-ESTABUISHED.
Mr. S. J. Douthit, Postmaster at this
place, gives us the gratifying informa
tio that the following mail routes
hr been re-established and the
mails will be forthwith transported
over them at the times specified :
From Greenville, S. C., to Green?
ville, Tennessee - leaves Monday
"Wednesday and Friday, at 4 A. M. ;
arrives Tuesday, Thursday and Satur?
day, at 9 P. M.
From Greenville, S. C., to Spartan
burg, S. C., (lower route)-leaves on
Monday, "Wednesday and Friday, al
8 A. M. ; arrives Tuesday, Thursday
and Saturday, at 4 P. M.
From Greenville, S C., to Spartan
burg, S. C., (upper route)-leaves
Wednesday, at 5 A. M. ; arrives or
Tuesday, at 7 P. M.
From Greenville, 8. C., to High?
land Grove, S. C.-leaves Tuesday,
at 5 A. M. ; arrives at 7 P. M.
[Greenville Mountaineer, 2cJ inst.
THE FUTURE or FUOBEDA.-A cor?
respondent of the New York Tittles,
writing from Jacksonville, Fla., gives
% grand view of that State-its topo?
graphy, meteorology and salubrity,
und concludes his letter as follows:
In conclusion, I must say that 1
bespeak for Florida a glorious future.
[ predict that peace, prosperity,
wealth and happiness will be her lot.
Eer rich lands will come rapidly
under cultivation, and increase ten?
fold in value ; her noble caters wil
>e thronged with the appliances ol
commerce ; population, such as she
lesires, will sow steadily into hei
.?orders ; cities and villages, . and
palatial mansions, will dpi her'land
?capes ; schools ami "churches and
jublic insulations will be her boast
md a fgflned society, living in afflu
m?eand comfort, ^riXl grace this lani
>f flowers, encompassed by ocean and
Queen Victoria intends to ask foi
illowsneo for Prince Alfred and th?
Princess Helena. The foi mer if
wittily said to havo frittered away hil
brtnne in subscribing for testimo
liais to his late father.
Henry Ward Beecher said, the
other day, "the war has given every
man, North and South and East and
West, the right to say what he thinks,
and to think what he pleases." Upon
which one of our Northern exchanges
remarks : If tho war has done this,
it is w'orth every farthing it cost.
And if it has done it, it is doing it.
The Old Capitol prison gates are un?
closed. The Bastiles are abolished.
The " little bell" is tongue-tied.
Butler is bottled. The country is
ready to accept Stanton's resignation
any Saturday afternoon. It is no
longer "treason" to denounce Re?
publicanism, or "disloyalty" to vote
the Democratic ticket.
A bill is before the Legislature of
Alabama, to incorporate au "Emigra?
tion White Labor Agency," which
shall have,authority to appoint agents
in all the States of the United States
for the purpose of hiring white la?
borers for the planters of that State.
It is meeting with opposition, but has
passed the Senate. Mr. Wilkins, in
opposing the bill, arguer; that the
white laborers proposed to be intro?
duced would be of a poor character,
and less valuable to the cotton plauter
than the labor of the freedmen, al?
ready at hand, who cannot and should
not be driven out, being worth more
as laborers than any set of men in any
THE ANDERSON PRISONERS.-The
prisoners who in our last issue were
announced to be tried at this place,
arrived here ou Saturday, the "22d of
December, under a strong military
guard, together with the witnesses in
the case. They remained but a few
hours in jail, when they were re?
manded to Charleston, and an order
issued dissolving the Commission
which had been appointed for their
trial. We learn that a new Commis?
sion has been appointed for their
trial in Charleston.
[Darlington Keir Ern.
JEFF. DAVIS.-The President is
preparing, or has prepared, a reply
to a resolution of Congress, asking
for information why Jefferson Davis
hos not been brought to trial. The
ground taken will be found to em?
brace the legal difficulties heretofore
announced as in the way of a civil
trial, and the probabilities are that
Congress will pass a law to meet this
and all similar emergencies.
Old army officers, who have served
on the Plains, and who have been
brought in contact with the people of
Salt Lake City, are said to be besieg?
ing the Department with suggestions
and plans for the employment of our
military force against the Latter Day
Saints, in default of on opportunity
for their employment against Maxi?
milian and Napoleon.
Chief Justice Chase is reported to
have said that if when holding a
Circuit Court he should find the case
of the United States vs. Jefferson
Davis on the docket, he would pro?
ceed with the case the same as any
other, but that he should certainly
hold no Circuit Court in Virginia so
long as t?at State is under military
It is computed that the commerce
of the lakes amounts to, at present,
at least twelve hundred millions of
dollars annually, and that two thou?
sand vessels are employed in it. It
sends to the seaboard one hundred
millions of bushels of grain, two
millions of hogs and half a million of
The State Agricultural Society of I
Kentucky, which held its annual
session on the 1-ith ult., favor immi?
gration agencies to introduce white
labor without delay, and in further?
ance of this object, urge the Legisla?
ture to appoint an agent to visit Eu?
rope to urge upon emigrants the
advantages of settling in Kentucky.
The Columbus (Miss. ) Index says
that a soldier was killed at Artesia a
night or two since, by a little boy,
who was guarding his father's stable.
The soldier approached the stable
with the intention of stealing the
stock, when the little boy, fully awake
to his position, fired and killed the
soldier. A trial was had the next
day, and the boy cleared.
Dr. Simmons, Chairman of the
Relief Committee in Atlanta, Ga.,
gives a sad account of the destitution
there. He soys: "Alarge proportion
of the poor are composed or widows
and orphans, rendered such hy the
loss of their natural protectors whilst
engaged in the Confederate service."
The Emperor of the French will
not allow the Prince Imperial to con?
fess in the usual waj-. The only
questions permitted to be asked him
are drawn up by the Emperor him?
self, and are put by the father con?
fessor to the Prince in the presence
of a third person.
The Louisville Journal says that j
Jefferson Davis cannot be convicted
of treason by any jury that can be
made up in the nation, and adds that
the consequences of an i tteinpt to
convict him would be evil, all evil,
and only evil.
Mr. Thomas Hopewell, was assault?
ed by three Federal soldiers in day?
light in St. Louis recently and robbed
of his watch and pocket book. The
soldiers were subsequently identified
and arrested. /
Advertisements, to insure insertion,
should bo handed in by 4 o'clock p. m.
"Tint CODK."-Thc Acts passed by the
Legislature, relative to tbs freedmen, for
sale at this office. Price 20 cents: by mail
CASH.--Our terms for subscription, ad?
vertising and job work are cash. We hope
ali parties will bear this in mind.
THE BtmviNO OF COLUMBIA.- AU inter?
esting account of the "Sack and Destruc?
tion of the City of Columbia, S. C.," has
ust been issued, in pamphlet form, from
the riicxnis. steam power press. Orders
can be lilied to any exicnt.
We an; indebted to Messrs. Loomis ?V
Bennett for a liberal '"bait" of fine oysters,
with the necessary "spirit-ualconsolation."
These gentlemen keep a small but neat and
orderly restaurant on Pendleton street,
nrar the South Carolina University; and
have always on hand a variety of articles
with which to tempt the appetite. They
have "stuck up their shingle," and wish it
"This friendly guide-post wo erect,
Thc hungry traveler to direct."
RELIGIOUS Suavices THIS DAY.-Trinity
Church -Rev. P. J. Shand, 10? a. m. and 3*
Christ Church, (Lecture Room)-Rev. J.
M. Pringle, 101 a. ni. and 31 p. m.
Marion Street Church-Rev. E. G. Gage,
10A a. m.: Rev. Tims. Raysor, 31 p. m.
Baptist Church-Rev. J. L. Reynolds, 10}
a. m. Rev. W. T. Capers, 3$ p. ta.
tit. Peter's Church-Rev. J. J, O'Connell,
10} a. m. and 31 p. m.
Lutheran Church-Rev. A. R. Bude, 10}
NEW Ai>vERTisE?.irc>."T.s.-Attention is call
ted to thc following advertisements, which
are published this morning for tho first
Joseph Purcell-Mills House.
Jae.-Wood Davidson-Classical School.
Mrs. McGregor-School Notieo.
Nomination of J. G. Gibbes.
Manahan A Warier-Com.
Being vanquished, we submit as
becomes a brave people. The Presi?
dent, ?is Commander-in-Chief of the
military powers of the nation, mag?
nanimously trusts us. I do not be?
lieve there is a citizen of the State
unworthv of this confidence.
Late despatches from Washington
state that the President has pardoned
all Mississippians of the 820,000
class and others, who have been
endorsed by Messrs. Sharkey and
Humphreys, and has ordered that the
pardons be given over to a Mississippi
The reconciliation between the Na?
poleon's is complete, and the Prince
and his wife will accompany the King
and Queen of Portugal and the
Italian Ambassador on their visit to
The newly appointed Minister to
Mexico, Hon. Lewis D. Campbell, is
less hostile to Maximilian's Govern?
ment than General Logan, who was
warmly in favor of energetic measures,
and even forcing an issue with Louis
"We are gratified to learn that ex?
Governor Vance will in a short time
arrive here, to make Wilmington his
future home, and report says, will
connect himself with an eminent law?
yer of our city.
[ Wilmington Journal, 3d.
Semmes' true position is regarded
in Washington as follows: When the
Alabama was whipped in the conflict
with the Kearsage, Semmes became
I a prisoner of the United States, and
he hos been such literally ever since
The Kocky Mountain News tells of
an enthused young Missourian, who,
eulogizing the beauty of his "gal,"
said : "I'll be doggoned if she ain't
as pretty as a red wagon."
Advices from Texas state that the
Governor has issued a proclamation
restoring so far as in his power,' to
their civil rights, all persons recom?
mended for special pardon.
The city of Rome contains a resi?
dent population of 172;000, with 300
chnrches, 12 cardinals, 7.000 priests,
2,000 friars; and over 2,000 nuns.
In one of the letters opened at the
Dead Letter Office, in Washington,
j were twenty thousand dollars in
"The newest thing" is the sugar
wedding-thirty days after marriage.
Is such a device necessary at so early
Some Americans have recently
structed a telegraph across the A~
to connect various cities of Colux
One brewery in Dublin turns
15,000 hogsheads of beer per
Each workman is allowed a
Camel's hair shawls are the
rage in New York, among the fashi
ables. TL ey cost a trifle of $2,000
A marriage is thus noticed by one
of our contemporaries: ''Married last
i week, John Cobb to Miss Kate Webb.
Look out foi: little spiders."
There is no mood of nature that
comes amiss to a so.ul overflowing
with its own happiness,
The police found in the pockets of
a man who lay dead drunk in the
streets of New York 87,474.