Newspaper Page Text
Tuesday ttorning, February ll. 1868.
The National Finance*. |
A comprehensive view of the finan?
cia) i-it nation of the country is at this
timo peculiarly interesting and in?
structivo. The statist must consider
tho requirements of the publio debt,
the necessities growing out of trade
relations, and the essentials of a
satisfactory circulating medium.
That the financial management of
the United States Government ofti
eers during tho war, and since its
clo se, has been slovenly and defective,
will be denied by those only who aro
personally interested in maintaining
a system of extravagance and corrup?
tion. The national currency is a
nation;il imposition, for while it pre?
sents uo advantages over greenbacks,
in whioh it is redeemable, it saddles
the industrial energies of the country
with a special interest debt of from
eighteen to twenty millions .mnu.illy.
That there aro screws loose in other
portions of the financial machinery,
the New Orleans Times thinks is evi?
denced by tho fact that the difference
between greenbacks and gold is now
greater than it was nt the close of tho
war. Trade relations are deranged,
and wo aro receding further and fur?
ther from the point where a proper
standard of value eau bo introduced
?with advantage. Radical legislation,
with tho filthy lucre which it bas fos?
tered, is at the root ol most of the
present evils. By making paper a
legal tender, it fostered extravagance
and corruption, and made the nation?
al dttbt more thau twice as great as it
should be; and by wholly disregard?
ing the laws of political economy, it
has, for tho present, at least, utterly
destroyed thoso elements of prospe?
rity on which our people formerly
relied. To remedy these evils, many
attempts have boen mude. Among
others, Senator Henderson, of Mis?
souri, lias tried his hand. The two
prominent features of his bill nre
"1. The funding of tho present
debt in a long loan, payable fifty
years from date, bearing I per cent,
interest; principal ami interest pay?
able in gold, aud bonds to be exempt
from taxation. Tho difference be?
tween the 4 and 6 per cent, interest
to bo compounded for in coin on con?
version of the higher rate into bonds
of tho new ones.
e "2. The limitation of $300,000,000
circulation under the national bank?
ing act to he repealed, and a free
banking system, similar to that of
New York State, to bo adopted, the
circulation pf which should bu secur?
ed by deposits of the new i per cent,
bonds, equivalent to 75 percent, only
of thu. amount deposited, instead of
90 per cent, us at present."
It is clear tlrWKhe bonds now ont,
with their high rate of interest and
exemption from taxation, offer more
attractive inducements to capitalists
than co m m'Mci al or real estate in?
vestments. The nation stands in the
position of II competitor towards
every individual borrower, and
strangle-, enterprise by snell competi?
tion, l iiis incubus on the energies
of a people can only bc removed by
paying tmeh portions o? the existing
debi with "legal tender," as eau pro?
perly be paid in that manner, and by
funding the remainder with obliga?
tions ut a low rato of interest, and
with a long lime to run. That done,
capital would seek and find moro at?
tractive kinds of investments, and
commercial enterprise would bo re?
lieved from many of its present
difficulties. Next, the national banks
should be swept out of existence, or
made to transact their business with
a true national currency, redeemable
with tho precious metals, so soon as
values could be equalized and the
Government relieved from the imme?
diate pressure of its existing obliga?
tions. Of Senator Henderson's pro?
position we can only say tlr.it it would
be a decided' improvement on the
system which now prevails; bnt th?
Senator'? constituents will hardly
consent to pay in coiu, even ut the
end of fifty year8,,for loons obtained
in depreeiatedi^papor, worth:'not over
forty cohts. Tho "West has' become
somewhat doubtful of the patriotic
purity of the bond-holdois.
AU ore aware of the presumption
and arrogance of the radical party,
in characterizing itself as based upon
"a great moral idea." Tho New
York lYorld proceeds to snow how
unsafe it is to entrust great powers
to the keeping of a party with such
professions, and cites all the in?
iquitous organizations known iu
history as making tho same claim.
It need not, however, have traveled
so fur away from home for illustra?
tions. Tho Free Lovers, tho Mor?
mons and tho Millerites were all
based upon "great moral ideas."
Tho Puritans persecuted the Quakers
and hung witches, all in obedienee
to "great moral ideas." and very
probably their more ree?.ot acts upon
thu sume basis wili in tue end prove
equally insane, iniquitous aud pro?
portionately in keeping with "groat
An exchango, in an article on fe?
male suffrage in Eugland, contends
that in case the right of voting was
granted to women, the punishment
of the tread-mill would have to be
introduced, in order to prevent tho
fairer portion of the community from
selling their votes. Women have no
steady principle of action, says tho
reviler, and are governed by small
economic notions. Just as if men
were not blown about by every wind
of doctrine in changing their opin?
ions on public affairs. If the women
had a chance to show the inconstancy
of the sterner sex, the tables would
be turned upon the accusers. The
Cabinet of England is frequently put
in power and then ousted by the samo
House of Commons, and how else
account for tho fact than by a change
of opinion in the members. Tak?
ing into consideration the passage of
Disraeli's roform bill, notwithstand?
ing tho opposition of the Tory party,
or Sir Bobert Peel's numerous right?
about faces, how eau any man, with
any decency, talk about tho fickleness
of women? At all events, if a
mother barters her vote for a year's
schooling for Hobby, or a new frock
for Bessie, she does it from no selfish
motive; a father requires tho hard
cash, which he spends on himself.
The writer argues that tho influcuco
of "home and pleasing spouso"
tends to weaken a man's intellect,
and that great men are never exem?
plary husbands-a theory most essen?
tially "snobbish," and though once
in vogue, through tho wicked ex?
ample of Byron, is now thoroughly
--. -? .
CASH-PAY UP.-From and after
Jauntily 1, lSd8, the cash system will
he strictly enforced. Persons who
are now indebted for subscriptions,
and who wish their papers continued,
j will confer a favor by paying np at
once. Those who fail will have their
papers discontinued. Cash will also
bu required for all advertisements.
Persons forwarding advertisements
from a distance, must send u remit?
tance. Job work cash on delivery.
-? ? ? ?-.
The inhabitants of Naples ave said
j to be overjoyed with the present
emption of Vesuvius, on aecouut of
the number of visitors tho sublime
spectacle will attraot. Tho danger
of tho fate of Herculaneum and
Pompeii is considered us nothing in
comparison with the benefits to bo
derived from what would have been
at one time regarded as a terrible
catastrophe. This turning the mo?d
frightful wonder of tho earth into an
exhibition of fire-works is worthy of
? .- , t? i '
The Grnnl-Johnion Corrtiponaencc
and lt? Probnhlo Remits.
. The G ran t-Johnson correspondence
and tho facts end circumstances con?
nected with it, moke Op a case, a
iuuionuibio case, of political demoral?
ization wholly unprecedented in the
history of the United Stales. In the
first place, wo find thia correspou
denc? submitted to Congress by Mr.
Stanton, with a lotter, in which ha
says that since his resumption of thoi
War Department, he has been and is
discharging the duties of his office
"without any personal or written
communication with the President."
This is un extraordinary shit? of
things, and it wears au ugly and for?
bidding countenance. It bronks np
the Executive Department into two
divisions-one division under the
President und the other entirely de?
tached from him, but ia full commu?
nion with Cougress; and this conflict
is now approaching a solution to
which we shall presently refer. .
In the next place, Geiibful Grant,
not satisfied with the verbal orders of
the President in reference to orders
emanating from tho War Depart?
ment, asks (Jauuary 25) for written
instructions, and says, "I am com
I pelted to ask these instructions iu
writing, in consequence of th-* mi ny
gross misrepresentations affectif^ ny
personal honor circulated through
the press for the post fortnight, and
purporting to como from the Presi?
dent," fco. "What is written," con?
tinues General Grant, "admits of no
misunderstanding." He then pro?
ceeds to state his recollection of what
he said, what he suggested and what
ho did in anticipation of a vote from
the Senate re-instating Mr. Stanton
as Secretary of War, the material
point of all which is this: that he
(General Grant) made no promise
to resign the War Department in
.season to admit of nuother appoint?
ment, if ho did not himself resist tho
re-iustatement of Stanton. "I made
uo such promise." Tho President,
in his reply, very positively affirms
that there was a distinct understand?
ing of this .sort, and with consider?
able detail gives the chapter and
verse, and directly charges that the
General, "in disregard ol the nnder
i standing between us, vacated the
j office, (giving it np to Stanton.) with
? out having given me notice of your
I intentions to do so." Gen. Grant's
j averment that ho didgivo tho notice,
the President insists, does not altoi
tho fact. Hut the General's oller,
twice made, to appeal to S tau to u te
resign, Mr. Johnson accepted "as :i
sort of reparation." To clinch th?
nail as to the understanding on tin
j 14th, tho President says, "I have to
! day, (January 31,) read this narra
tion of what occurred on the 14tL
inst., to the members of the Cabinel
who were then present," and thai
"they, without exception, agree in it:
Gen. Grant, in his answer (Febril
ary 3) to "this simple recital of facts,'
says it is but a reiteration moro ii
detail of the "many and gross mis
representations" of corta in newspa
pers, "and hore," continues tho Ga
nr.ral, "I re-assert the correctness o
my statements in that letter, (Jauuan
25,) anythiug in yours in reply to i
to tho contrary notwithstanding.'
Ho confesses his surprise, too, "tba
the Cabinet officers referred to shonh
KO greatly misapprehend the facts.'
Then, after a restatement of his ro
. collection of tho facts, the General
as to his motives and purposes in thi
business, lets thc cat out of the bug
He was afraid that the removal o
Stanton might bo followed by som
appointment which would embarras
the army in tho performance of it
duties under the reconstruction laws
and ho says "that it was to preven
sueh an appointment that 1 accepte*
the appointment of Secretary of Wa
ad iiUerim, and uot for the purpose o
enabling you to get rid of Mr. Stan
ton." And again, says Grant, "th
oourso you would have it understooi
I agreed to pursue was in violation o
law, and that without orders fror
you;" and yotngaiu, "pardon mo fe
saying that I cun but regard thi
whole matter, from beginning l?> out!
as an attonipt to involve mo in th
resistance of luw, for which you hes:
tated to assume the responsibility, i
order thus to destroy my characte
beforo the country. I am, in a mee
sure, coutirmed in this conclusion b
your recent orders directing mo t
disobey orders from tho Secrotury c
War without having countermuude
his authority." This ends the coi
reapoudence for tho present; but it i
giveu out that tho President is pr?
paring a lecturo for the General o
disrespectful language to his suporic
officer, which will convince Grat
that he hns a superior and that ho is
not to be trifled with much longer.
Here is n complete rupture. We
now see that, in this Stanton imbrog?
lio, while Mr. Johnson thought ho
had finn flBawfc. thc rud?a?a had him
all the ti me j;! nnd wo see' in this cor?
respondence, and' in the motion of
Mr. Wilson,'in the Honse.of Repre?
sentatives, to refer it to the Judiciary
or Impeachment Committee, und in
its refereuoe to the Committee on
Reconstruction, that it means mis?
chief to Audruw.Jphusou. He Jiolds .
no communication with Secretary
Stantou; he has ordered Gen. Grant
to disregard Stanton's orders, unless
satisfied that they are really by the
President's authority. But it seems
that some direct order from the Pre?
sident to Stanton is still needed to
vitiate any order tho latter may
ohoose to give as by the President's
direction. Hence the charge of Gen.
Graut that Mr. Johnson, from the
beginning to the end of this matter,
has been guilty of "un attempt to in?
volve me in the resistance of lnw."
All these things taken together, in
tho hands of "Old Thad. Stevens,"
to whom they have been referred,
may be worked up into a case of im?
peachment. Indeed, with this de?
claration of war from Gen. Grant
against Mr. Johnson, his impeach?
ment, conviction and removal from
oflice have ceased to be impossibili?
ties, and the necessity for his romovid
to tho radicals is more urgent than
ever.-York Herald, (ith.
The Times editorially says, in
speaking of tho Grant and Johnson
difficulty, that Grant, from the time
ho accepted the position of Secretary
of War, followed the dictates of his
judgtneut, fulfilled his intimation to
the President, and obeyed the law by
allowing Mr. Stanton to resume his
place in the Department.
Thc World uccuses Grant of gross
misrepresentation, nnd with deceiv?
ing Mr. Johnson, and says that he
has pleaded guilty to the President s
charge, and that his former good
character bas been blotted.
GIVING THE DEVIXI HIS DUI:.
There is a point in tho following
A person was making a cull upon
an old lady, who mada it an habitual
nile never to speak ill of another,
and had observed it so closely that
she always justified thoso whom she
had heard evil spoken of. Before
the old lady made her appearance
into thu parlor, her several children
I were speaking of this peculiarity of
their mother, and one of them play?
fully said: "Mother has such a habit
of speaking well of everybody, that
I do believe if Satan himself were
tho subject of conversation, mother
would find ont some virtue or good
quality even in. him." Of course
this remark elicited some smiling ami
merriment at tho originality of tho
idea, in the. midst of which tho old
lady entered the room, and on being
told what had just been said, she im?
mediately and involuntarily replied:
"Well, my children, I wish wo all had
Satan's industry and perseverance."
Gov. Oui: ON TIIKSITIATION'.-Gov.
Orr returned yesterday from his
visit to Beaufort, and has again taken
rooms at tho Mills House.
The Governor went to Beaufort
partly to learn tho circumstances of
the murder of Mr. Mathewes, re?
cently reported in these columns.
Ho says there is neither law or order
in the section he has visited, and that
ho will so repon to Gen. Cunby to?
day. On a drive of ten miles,
through some places once tho most
flourishing in that District, the Go?
vernor saw not a vestige of a fence,
not a single hog, or sheep, and only
two poor cows.
[Charleston Mercury, 10///.
A GOOD WAY TO 1'AY Omi DI:UTS.
Tho Chicago Post relates that a week
ugo last Sabbath, liev. R. L. Collier,
of the First Unitarian Church in
that city, hauled tho members of his
society over tho coals for their sup
! port cf thc chm itv ball, character?
izing it as a wicked waste, out of
which charity would huvo nothing.
He exhorted them to always make
their gift felt in tho right direction.
Last Sabbath ho mado an energetic
appeal to his congregutiou to relieve
their church from debt, and so con?
vincingly demonstrated its imme?
diate necessity, tliuthis hearers, with?
out leaving their scats, raised the
sum of thirty thousand five hundred
The eruption of Mount Vesuvius',
at last accounts, continued with it-,
I Xtooal ;sCtc3rT3L?r?- ^
Tilos. P. Wulkor, Esq., having
been re-instated in office by General
Burton, will roan ni o his duties ns ma?
The me?ting which was appointed
to take piare at the Presbyterian
I Church, in behalf nf the Columbia
Bible Society, for Sabbath night,
tho 9th of February, wan postponed
on account o? tho inclement evening,
to Sabbath night, thc 16th February.
Cpau?JL?fUNTs.--Wo are constantly
receiving complaints from subscrib?
ers in tho country, that their papers
aro not promptly received; in Rome
eases, it is asserted that the packages
are open. The papers aro regularly
mailed from this office; but wo havo
reason to believe that postmasters
allow outsiders to inspect und even
carry off the papers. Proof of this
can be readily obtained, and if tho
practice is continued, wo sholl be
compelled to report the manes' of the
postmasters to the Department.
M AT Li Am;A"Gr.:,ir.NTs.-The post
office open during the week from 8%
n. m. to 6 p. m. On Sundays, from
1}4 to 2<,< p. m.
The Charleston and Western mails
ure open for delivery at 2 p. ni., and
close at 9 a. m.
Northern-Open for delivery at
IOa. m., closes at 1 p. m.
Greenville-Open for delivery, at 3
p. m., closes at 8 p. m.
HUMAN SYMPATHY.-What a very
strange thiug what we call the haman
heart is-the sense Of feeling linked
with the powor of thought ? Why is
it that the sight of a certain face
moves us, when that of others does
not ? Why does the souud of a voice
or a footfall make tho heart beat,
when other, even similar sounds,
affect it not ? Why is it that the
presence of some is dearer and moro
necessary to tis than that of others ?
In liue, why do wo sometimes lovo
those who, up to a few months, or
weeks, or even days, were utter
strangers to us, while those wo have
known and been accustomed to for
yeats, though we may like, wo do not
love ? We measure the mountains,
and sound the depths of the sea.
We dig up science from the bowels
of the earth, and hunt for it among
the stars, and yet wo know nothing
of the secret springs that work within
tho curious piece of mechanism of
which we aro composed. We may
think we arc wise, wo may faucy wo
are learned, but we must admit that
there is some Beeret power either
within or above us, which, while it
leaves our will and our action free,
exercises an influenc? over the results
of their operation, which we can
neither explain nor comprehend.
In fact, wo ure a mystery to ourselves. ,
Thought unbidden comes to ns, and
after scenes long past, and almost
forgotten, start up befere us, we know
not how, or why. Thc field of human
knowledge is, aftor all, a very limited
one-the most learned among us is
but an ignorant ereaturo, for bu does
not know himself. lt is enough for
us, however, to know that that deli
caty of organization which enables
us to sympathize with the happiness
. or misery of others, which prompts
us to love, or makes us yearn for the
love of others, -which makes a sound,
j n look, or a nnme a source of pleasure,
. hus been given to us, in mercy, as a
means ol happiness here, for cer?
tainly whatever of happiness wo do
enjoy originates from that. Aud per
' haps the knowledge of its mysterious
operation may have been concealed
1 from us with the same view.
NEW ADVEUTISEMEKTH. -Attention ni call?
ed to tho following advertisements, pub?
lished this morning for tho drat time:
1 Extra Meeting True Brotherhood Lodge.
Meeting Burna Club.
J. D. Bateman-Fresh Oysters.
Thoa. P. Walker-Magistrale.
O. Diercks-Lemons, Butter, Ac.
Jacob Levin Auction Halos.
C. ll. Baldwin A Co-Sugars, Ac.