Semi-weekly standard. [volume], October 07, 1857, Image 3

About Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??

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71
THE NORTHGAftOLINA STAOTAB& WEa)NESDAYOCTGBim) 7i 1 1867. C
taiMrfo.
RALEIGH. WEDNESDAY. OCT. T. 1857.
UOLDEN 4 WILSON, State Printers,
AHD
AfTHOBIIKD PUBLISHEBS Or THE LAW8 OF THE UNITED STATES.
Special Notice.
The Standard is conducted ttrictly upon Ike cash system
jli! papers are discontinued at the expiration of the time
for ich ich they have been paid. Subscriber will he notified
roru weeks before their time is out, by a cross mask on
th ir papers ; and unlets the subscription it renewed the pa.
p,r will be discontinued. This it a rule from which there
will be no departure. Watch for the eroe mart, and renew
vor subscription.
Weekly Standard $2 per annum, in adtance.
Semi-Weekly Standard $i per annvm. do.
f Subscribers desiring their papers changed mast
ni "nt ion the Post Office from, as well as the one to, which
they desire the change to be made.
. Treasury Circular.
The Secretary of the Treasury of the United States
Got. Cobb, has issued the following circular :
" Treasury Department.
September 23. 1857
Notice is hereby given to the holders of stocks of
the United States that, this department will purchase
such certificate as shall be received here, duly as
signed to the United States, previous to the 1st day
of November next, at the rates heretofore offered
and paid, viz:
10 per cent, premium on the loan of 1842.
16 per cent, premium on loans of 1847 and 1848;
and
6 per cent, premium on Texas indemnity 5 per
cent, stock, together with the interest accrued in
each case from 1st July.
Certificates of stock received here on or after the
1st day of November, until further notice shall be
given, will be purchased at the following rates, viz:
8 per cent, premium on the loan of 1842 ;
14 per cent premium on the loans of 1847 and
1348; and
5 per cent, premium on Texas indemnity 5 per
cent, stock, with, the accrued interest payab'e there
on, respectively.
When certificates of stock inscribed and transfer
able on the books of the treasury shall be received
here, assigned to the Uniied States, between the 1st
December, when the transfer books will be closed,
and the 1st January, when the half yearly interest
is payable, the accrued interest for the half year
must be expressly assigned to the United States by
the stockholder, as no interest for the current half
year can be included in the settlement, but the same
will be payable by the assistant treasurer on the in
terest schedules as heretofore.
In all cases the purchase sums will be settled in
favor of the lawful holder of the stock, who shall as
sign it to the United States in the mode prescribed
by the regulations of assignments of s'.ock ; and re
mittance will be made of the amount by draft on the
assistant treasurers at Boston, New York, or Phila
delphia, at the option of the party in whose favor
the settlement shall be made. One day's additional
interest will be added from the day of receipt here
for the draft to be sent by mail
HOWELL COBB,
Secretary of Treasury.
The administration of President Buchanan has
been doing all in its power to arrest the panic and
restore confidence among business men. Gov. Cobb
has been engaged for more than a month in shaping
the operations of his department so as to give the
largest measure of relief practicable to the money
market. Every dollar which could be legally and
properly disbursed by the sub-treasury, has been
paid out ; and the amount of specie thus thrown in
to the channels of circulation, has been of material
service in staying the financial embarrassments
which at one time threatened to overspread and se
riously injure the whole country.
The Government is acting wisely in freeing itself
from debt by calling in its bonds at a premium.
The revenue is not only ample for all proper and
desirable objects but there is a surplus; and we
know of no way in which that surplus could be bet
ter employed than in redeeming the public bonds;
especially as such a policy is pouring out the pre
cious metals among the people, to the advantage of
all legitimate business operations, and thus arresting
the tendency to a general suspension by the banks.
And herein is the wisdom of the independent
treasury system demonstrated. Instead of stimu
lating over is&ues at any time, it operates as a con
stant but salutary check on bank discounts; while
at a time like the present it can be brought at once,
and to a material extent, to the aid of the business
of the country, by diffusing among the people the
only currency which really constitutes -property,
and without which as a basis bank notes would in
deed be a mockery and a delusion. Banks find
much of their profits in hoarding money in hold
ing on to and dealing upon the basis of the precious
metals ; but under the simple and economical sys
tem by which the government collects and disburses
its revenues, the precious metals are never thus
withdrawn or hoarded, but are kept in constant cir
culation, passing into and out of the hands of the
public officers, and giving strength and life to the
currents of trade. ,
What better investment for one who has United
States stocks, than to have them redeemed at a pre
mium of from eight to sixteen per cent., and then
reinvested in North-Carolina State bonds at 92 cents
in the dollar I
Complimentary Party to Hon. Thomas L.
Cuxgman. We acknowledge the receipt of a ticket
of invitation to a complimentary party to be given
to Hon. Thomas L. Clingtnan, at Gudger's Hotel,
Aslieville, on the evening of the 2d instant, by the
citizens of Buncombe and other Counties of his Dis
trict. We regret that it was not in our power to be
present Mr. Clingtnan is worthy of every compli
ment and every honor which may be bestowed on
him by his neighbors and fellow-citizens generally.
What is a Specie Paying Bank? Is it a bank,
asks the New York Journal of Commerce, which
pays specie so long as nobody wants it, but the mo
ment there is any special call for it, " will not sub
mit to a run ?" From the example of Philadelphia,
Baltimore, Baltimore, Providence, c, we should
say that in their view!, this is the proper definition
of a specie-paying bank. If it be a correct one, the
whole idea of a specie-paying bank is a humbug.
Such is not the meaning attached to the term, eith
er here or in Boston.
The " Individual Liability Clause." The pub
lic may now perceive in its most impressive light,
the importance and value of the " individual lia
bility clause " in bank charters, for which the Dem
ocrats have always contended. A bank may sus
pend or may fail, yet the note-holder is as secure as
possible, for the bank is not only bound to the ex
tent of its assets, but the stockholders are responsi
ble in their private capacity to the amount of their
stock, and in some instances to double the amount
Time, the great trier of all things, is constantly
demonstrating the wisdom and soundness of Demo
cratic principles!
N. C. Stocks. The following is an extract from
a private letter, written by a reliable gentleman of
New York City, and one well, informed in monetary
matters, to a gentleman of this City :
"Nothing has stood the terrible times here better
than North-Carolina bonds."
EiF" The attention of the traveling public is in
vited to the advertisement of the proprietor of the
Old Weldon Hotel.
Hob. Aaron V. Browa.
We copy from the Iowa North- West the following .
just and handsome compliment the Bon.' Aaron. V.
Brown, Postmaster General. ; Gov. Brown, though
a, native of our sister State, Virginia, is nevertheless
very near to North-Carolinians. He is a graduate
of our University, which has recently honored' him
by the highest degree it conld confer; and our peo
ple of all parties. take an interest in his fortunes,
and feel proud of the name which he has established
among the statesmen of the country. He is admin
istering the affairs of his department with consum
jnate ability and energy ; and we entertain no doubt
that the signal success which has thus far marked
his administration of the Postoffice department, will
attend it to its close. He appears to be thoroughly
acquainted with the wants of the country which it
is the province of his department to supply, and to
be fully up, in every respect, with the vigorous anjd
advancing spirit of the age In addition to this, he
is a laborious public servant He knows what it is
to labor, and the value of labor in the public service ;
but in this respect, indeed, he is but one of the
whole number of Cabinet officers, selected with such
excellent judgment by President Buchanan. They
are all working men in their particular departments;
and this fact is seen in the order, the promptitude,
the regularity and efficiency which characterize
every branch of the public service. The Korth
West says :
" To a vast and growing country like this, what
interest must be felt in having an able and liberal
officer at the head of the Postoffice Department
About six months have elapsed since the in-cotning
of this Administration, and that time has been suffi
cient to show the country the capacity of her chief
rulers by them chosen to discharge their duties
to their full satisfaction. But peculiarly fortunate
is the President in the choice of his Postmaster
General. Coming from one of the new States, and
himself one of the pioneers, Governor A. V. Brown
is peculiarly adapted, by early experience, educa
tion, and public services to comprehend in the larg
est extent the requirements of the postal system,
and control its powers to meet the wants of every
community. And during this time the service has
been increased unprecedented!' in ail the new
States. The North-West certainly has no occasion
to complain of the treatment it has received at his
hands. As this Department was created to provide
equally, as far as possible, the advancement of com
mon communication, so is it the intention of the
Postmaster General that no State or section shall
have just cause to censure the Executive because of
any dereliction in this respect.
Very many routes in Minnesota, Iowa, and Mis
souri, and in truth all the new States have been put
in operation, or the service in them multiplied in
the past few months. This is a part of the policy
which he has adopted, and having decided upon
such policy, he has the judgment, perseverance and
ability to carry it out with success. In this respect
the people ought to co-operate with him in consid
ering candidly whatever changes- are proposed. So
far the postal labors seem to have met the approba
tion of the people, and did they know what study
and personal investigation Governor Brown bestows
on them, his popularity would out measure that of
any of his predecessors. Time will show conclu
sively the efficiency and good management he will
display in this all-important department.
A Beautiful Thought.
After the Caldwell Institute, at Hillsborough, in
this State, had ceased to exist, the resident members
of one of the literaiy societies attached to the Insti
tute, (the Union,) sold the furniture, &c. of their
hall, and met to consult as to the proper manner of
disposing of the fund. As there were members of
the Society in all parts of the United States, it was
concluded that no appropriation of the fund could
be so entirely satisfactory to all as a stone in the
Washington monument, with the name of the Socie
ty and its locality engraved upon it The money
was accordingly sent to the Hon. James C. Dobbin,
then Secretary of the Navy, and he was requested
to hand it to the proper officer to be applied as
designated. The friend who sends us for publica
tion Mr. Dobbin's reply to the Committee, says and
we agree with him "that so beautiful a thought,
coming as it does from as noble-hearted a patriot as
ever breathed, should be preserved." Mr. Dobbin's
reply is as follows. It is in the form of a note on
the back of Mr. Whittlesey's letter, and was evi
dently somewhat hurriedly penned amid the pres
sure of official business :
Messrs. W. H. Bailey, J. Tcrner and others.
Gentlemen. I forward to you the letter of Mr.
Whittlesey in regard to your patriotic contribution
to the Washington monument The money will be
paid to him this morning.
These modest contributions will gradually elevate
that noble shaft of marble. My feelings are that it
should never be completed, but that generation after
generation should be privileged to add evidences of
their appreciation of the lofty patriotism of " The
Father of his Country." The monument then will
continue to rise until the character of our people
shall begin to fall. Very repect fully,
J. C. DOBBIN.
Nov. 9th, 1853.
Amount of State Taxes for 1857. We are in
debted to the faithful and efficient State Comptrol
ler, Gen. C. II. Brogden, for a statement by Coun
ties of the State taxes for 1857, which we will pub
lish in full in our next. The aggregate amount for
1857 from all sources, the tax on bank shares ex
cepted, is $490,168 34, being sn increase over
1856 of $109,730 85. The bank tax is $33,988 75,
making the total revenue of 1257, $524,157 60.
The New York City Banks. The following
was the condition of the banks of the city of New
York on the 26th of September, as compared with
the same time last year :
September 20, 1856. September 26, 1857.
Loans and discounts, $108,992,205 $107,791,433
Specie, 10,873,220 13,327,095
Circulation, 8,665,193 7,838,308
Deposites, 88,453,795 73,815,611
The gain of specie to New York City for the
week ending October 3d. was estimated at five mil
lions of dollars. The above comparison between
September, 1856, and September, 1857, is encouraging-
Late from California.
The Star of the West arrived at New York on the
4th, with 450 passengers and $1,250,000 in gold.
Senator Gwin and Hon. Henry S. Foote were among
the passengers.
The Hon. John B. Weller, Democrat, has been
elected Governor of California. His vote was 40,
000 Bowie, Know Nothing, about 27.000, and Ed
ward Stanly, black Republican, about 27,000. So
the patriotic Edward has been defeated. Good. .
The people of California had voted by a large ma
jority to pay their State debt
The Oregon Constitutional Convention was in ses
sion. .. .
Mr. Venable, of Tennessee, U. S. Minister to Gua
temala, is dead. t
The list of lost passengers of the Central America,
received by the Star of the West, comprises those
only from the Isthmus. The list from San Francisco
was expected by the next steamer. .
. WarTe Superior Court. The Superior Court for
Wake is in session here this week, his honor Judge
Saunders presiding, anf William A. Jenkinsj Esq ,
Attorney General, appearing for the State. There
is but one capital case,' that of The State vs. Thomas
Belvin, charged with murdering a free man of color.
Fiaanc4al Matters., v
We give below the latest intelligence from various
quarters in financial "iniattere : j :
Northern Bank Finances, Ac.
New York, Oct 1. There is little change in fi
nancial maters. Money is as tight as ever.
BosTONjOct. 1. An informal meeting of merchants
was held to day preliminary to a call for a' general
meeting of all engaged in mercantile pursuits, to
consider the financial crisis, and the present course
of the Banks as affecting merchants.
Philadelphia, Oct 1. The Banks are acting
more harmoniously. The Bank of Pennsylvania is
making arrangements to come into line to morrow
or Saturday. Several Banes are accommodating
their customers.
More Bank Suspensions, -New
York, Oct 1. The Mechanics', Farmers',
and Citizens' Banks of Williamsburg, have suspend
ed specie payments. -
From Washington Ciiy.
Washington, Oct. 1. Two hundred thousand
dollars of government stock were received for re
demption to-day. All of the employees of the gov
ernment, were paid in specie, thus throwing into
circulation about four hundred thousand dollars in
specie. .
No Suspension in Charleston.
Charleston, Oct. 1 The Presidents of the Banks
held a meeting this morning and resolved not to
suspend. The rumor of forgeries on Frayer & Co.
is utterly unfounded.
Extensive Shipment of Cotton.
Boston, Oct. 1. Several Lowell manufacturing
companies, having suspended business, have con
tracted to ship immediately 5,000 bales of cotton to
Liverpool.
Honey Matters at the West Things more Cheerful.
Louisvile, Sept 30. The heavy bank payments
here to-day were all met without default The banks
are discounting freely.
Cincinnati, Sept. 30. Money matters here are
more cheerful, and there is no excitement
Bun on the Savings Bank Panic Subsiding.
St. Louis, Sept 30. There has been a heavy run
on the German's Savings Bank and the Boatman's
Bank here. Every dollar was met, and since then
but few persons are about the banking houses. The
panic is rapidly subsiding, and confidence is partially
restored.
From Washington.
Washington, Oct 2. The Secretary of the Inte
rior has recently invested nearly $1,000,000 in Sute
stocks of Missouri, Pennsylvania, Illinois, North Car
olina, Tennessee and Virginia, in trust for various
Indian tribes. All but $50,000 of that amount has
been drawn from the treasury. The present time
was chosen for the investment in order to contribute
something toward the relief of the money market,
while $180,000 has thus been realized in the trans
action for the Indians.
From Setc York.
New York, Oct. 3. The steamer St Louis will
take the place of the steamer Star of the West, for
Aspinwall, but will not sail the 7th of October.
E. W. Clark & Co., announce that the suspension
of Clark, Dodge & Co., will not interfere with their
business.
Nothing has been done in Wall Stteet since the
failure of Clarke, Dodge & Co. Money is irregular.
Merchants' notes generally have been promptly met
J. W. Clark & Co., brokers, have failed. There
is nothing new in financial affairs. The merchants
generally have paid their notes due to day, and there
has been less withdrawing or funds from the banks.
Affairs generally are better than yesterday.
The bank of Richmond continue to meet all their
obligations, and but for the fact that they refuse
to take the notes of all of the Independent Banks,
there would be no ineonvenience or pressure felt in
the Richmond money market We doubt whether
there is as large a number of mercantile establish
ments in the Union, doing as extensive a business,
which could have survived the throwing out of cir
culation of so large an amount of available funds as
have the Richmond merchants, by the refusal of the
Banks of this city to receive the notes of the Inde
pendent Banks. As showing, in a measure, the
stability of Richmond merchants, we may mention,
that for the last ten years there has not been more
than two or three failures of any consequence in
this city.
But the crisis is now fast passing away. Some of
the Independent Banks, we hear, will resume specie
payments in a few days. So confidently is this ex
pected, that the notes of all of them arc taken in
this city, at par, for goods of every description.
The run upon the banks of this city, as we sta
ted yesterday, has been quite limited. We hear of
one broker who brought on some $70,000 dollars
worth of notes of the Branch of the Exchange Bank
of this city, and demanded the specie. His notes
were promptly cashed and this will bo the result
in all similar cases. On the other hand we hear of
a broker of this city who has offered to the Banks
the use of a large emount of specie in case they
should desire it But they feel perfectly able to meet
all their demands. There will be no suspension in
Richmond. Bich. Enq.
The money trouble in Wall-Street yesterday was
increased in the forenoon by the Boston failures of
the day before, and the meeting of merchants in
that City, which it was apprehended might advise a
suspension of the Banks. But there was no cause
shown in the sequel for this concern ; the merchants
having taken a decided stand in support of the spe
cie basis. There were two or three large failures
announced, the heaviest of which was Mr. Pierre
Choteau, long connected with the Missouri and Rocky
Mountain Fur trade. The Stock Board was again
depressed, and panic prices prevailed through the
day, closing lower on most descriptions previously
reported. Two of the banks at Hudson in this State,
were discredited ; also, one in Massachusetts and
another in Vermont The Sub-Treasury again made
large disbursements, and more than supplies the de
mand for Gold made upon the City from other quar
ters. The Banks discount as liberally to their deal
ers as promised under the resolution of Tuesday,
and there is a more hopeful feeling in regard to the
heavy mercantile payments falling due this day.
The general Produce Markets were seriously de
pressed by the eargerness of factors to realize yes
terday. Flour was quite unsettled, having declined
25c.a75c, and in some cases as much as $1 per bbl.
Yet the demand was restricted. Cash buyers ob
tained supplies at very low rates, including ordinary
. state Flour at $4 85 per bbl. In the usual way the
same quality ranged up to $4 65 per bbl. Wheat
was more freely offered at a reduction of about be
per bushel. The inquiry was tame. Corn was
scarce, and in request at a slight improvement
Provisions were very dull. Pork was decidedly
cheaper, and prices of other articles tended down
wards. Cotton and Groceries were heavy and lan
guid. No remarkable change in Freights. New
York Times Oct. 3.
North Carolina Money. Many of our merchants
h ive evinced a strange disposition, recently, to re
fuse changing, and sometimes even of recieving, the
bank notes of North Carolina. As a general thingj
the bank notes of that State are, as regards respon
sibility, as good as gold ! Take the leading bunks
of tbe State, examine their history and condition,
and you will find them judicious, well managed and
thriving, and in our humble opinion have not their
equals in reliability in the United States. We would,
therefore, forewarn persons holding such notes, to
submit to no sacrifices. North Carolina paper mon
ey is worth every dollar it demands upon Its face.
Petersburg Express.
And this from Petersburg merchants! Peters
burg, so much of whose material prosperity is based
upon North-Carolina wheat, cotton, and tobacco.
We thank the Express for its spirited vindication of
the soundness of North-Carolina currency. '
The last Fayetteville Observer "bujb, "We
learn that the Neuse paper mill, near Raleigh, has
failed, and the manager gone North." This is a
mistake. The Neuse mill has not failed, but the
Crabtrte mill, a small concern, his. .
From the Washington Union.
Public expenditure during the administrations of
-Presidents Van BurerPoik, and Pierce '
' ' Van ' BUREN. '
- Years. Gross expenditures. Expenditures on ac't
.'.. . ' of public-debt.
1837, - . $87,265,037 15 ' " T;
1838, 89,455,488 85 $5,05,438 85
1839, 37,614,36 15 11,117,987 42
1840, 28,226,533 81 4,086,613 70
Total,
142,561,990 46
20,810,039 47
20,810,039 47
Expendit'rs exclusive of debt
Average annual expendit'rs,
POLK.
$121,751,950 99
30,487,987 74
Expenditure on ae't.
of public debt.
$1,213,823 31
6,71 9,283 3T
15,437.688 42
16,452,880 13
89,813,674 33
Years.
1845,
1846,
1847,
1848,
Total,
Gross expenditures.
$27,632,282 90
60,520,851 74
60,655,143 19
- 56,386,422 74
205,194,700 57
39,813,074 23
Expendit'is exclusive of debt
Average annual expendit'rs,' ,
pierce.
Years. Gross expenditures.
1854, $75,354,630 26
1855, 66,209,922 04
1856, 72,948,792 02
1857, 70,826,624 85
Total, 285,339,969 17
52,905,096 22
Expendit'rs exclusive of debt
Average annual cxpendi'trs,
$165,381,026 34
41,345,256 56
Expenditures on ac't
of public debt.
$24,336,380 66
9,844,528 24
12,776,390 38
5,947,796 94
52,905,096 22
$232,434,872 95
58, 1 08, IS 23
A Panic on 'Change Hot Excitement Money
Minus. Ten o'clock, a. m The intelligence of the
suspension of the Pennsylvania Bank spread like a
prairie fire. Third street never exactly a deserted
highway was in a firce state of hnbbab. Nothing
has ever been seen like it We had a personal in
terview with the next to the oldest inhabitaut He
assured us it beat all. Crowds crowds crowds !
Men zigzagging, twisting, winding, and rushing
ahead in impetuous and irresistible currents. Faces
long, stern, and as troubled as a mill pond in a gale. .
We observed one man with a flight smile on his
countenance he disappeared swiftly he had drawn
all his money in goldere of the denomination of ten.
Noon. Excitement steadily on the increase.
Street a seething mass of humanity. Everybody
afraid of everybody. No positive knowledge in any
quarter concerning who's who. Terrible time at the
banks. Incessant clamor for gold. Tellers in a
perspiring condition individuals in strings long
drawn out, with determined visages and checks tight
ly clutched in their hands. The man who said he
rather thought there was " a better feeling " this
morning, took an omnibus and went home, avowing
his intention of staying there till things took a bet
ter turn. His coat was buttoned all the way up
his face was as elongated as his cane.
One, p. m. Things getting no better very fast
Fever spreading through the city proper and sub
urbs. A broker became so worked up, that he
covered his shirt-cuffs with numerical calculations,
asked a beggar-woirian after her family, and faded
running to coat-tail.. Immense number of police
men make their mysterious appearance terribly
important and business-like charge on some apple
women harrow the souls of omnibus drivers and
irrigate at short intervals.
One and a half, p. m. A wan, although intelligent
lazarone a small boy, tattered and slimy abso
lutely has the sublime impudence to request of our
reporter the loan of ten cents, to go to Germantown !
Our reporter glares, and makes a note with a red
lead pencil.
Tito, p. m. A dispatch asserts positively that
Red Bank is in a sound condition, despite of any
malicious rumors to the contrary.
Two and two-thirds, p. m. A very little bit easier.
Parties who have money aer advised to keep it ;
parties who have not, are advised not to spend it.
Run, boy of short coat, run ! Our task is truly
done.
The Very Latest. Our reporter has sixteen cents.
He means to get it changed into gold, and put it in
a stocking not in a stock !
Go thou and do likewise ! Philadelphia Evening
Journal.
The October Elections. Elections for State offi
cers only will take place on the second Tuesday in
October in Pensylvania, Ohio, and Iowa. In the
first-named State the democrats are certain to elect
their ticket by an overwhelmingly-large majority.
In Ohio and Iowa our friends are quite confident of
their ability to redeem those great States from the
thraldom of black-republicanism. In Pensylvania a
member of Congress is to be elected in the Luzern
district to fill the vacancy occasioned by the death
of Colonel Montgomery. Hon. Paul Leidy, the dem
ocratic candidate, will undoubtedly be elected.
Elections will also be held next month in Georgia
and Mississippi for Stale officers and members of
Congress. Mississippi will send an entire democrat
ic delegation to the next Congress, and there is a
strong probability that the delegation from Georgia
in the next House will present the same unbroken
front.
An election will be held next month in Minnesota
for State officers, three members of Congress, and
one delegate to Congress. The election in Kansas
for territorial officers takes place on Monday next.
The congressional elections close in November
with Maryland and Louisiana.
LATER FROM EUROPE.
Important from India Delhi taken!
New York, Oct 4. The Arabia arrived at half
past 8 this morning, with Liverpool dates to the
19th.
The " City of Washington" reached Liverpool on
the 16th ; and the North Star on the 19th.
Cyrus W. Field is among the passengers of the
Arabia.
Delhi was taken on the 19th. It was rumored
that the British had retired from before the city, on
account of sickness ; but another account says large
reinforcements had arrived, and assaults were ex
pected in a few days.
More mutinies are reported, including a regiment
in Bombay. Several victories had been gained over
the mutineers.
' Nothing later from China.
The Continental news was generally unimportant
The Atlantic cable was to be landed and stored at
the Plymouth navy yard, until next year.
The sloop of war Plymouth had arrived at South
hampton. The French Bourse and Credit Mobilier had large
ly declined, creating quite a panic There was also
a panic at Vienna.
There was various speculations abont the imperial
interview at Stutgard. It is said Napoleon wishes
the Czar and Victoria to meet him at Paris.
The Spanish Ministry bad tendered its resignation,
but it was not accepted.
It is reported that Concha is to continue as Gov
ernor General of Cuba.
The Evangelical Alliance was in session at Berlin.
Ambassador Wright, Bishop Simpson and Dr. Baird
were taking an active part in the proceedings.
In Belfast an amnesty has been proclaimed. AH
arms and ammunition are to be given up.
The ship Harkaway from Charleston bound to
Liverpool, was burnt at sea on the 7th of September.
The passengers and crew were all saved.
. Commercial. ' '
Liverpool, Sept 19. Sales of cotton for the week
78,000 bales. Speculators took 20,000 bales, and
exporters 2,000. Middling advanced $ ; Fair and
Ordinary generally' unchanged. Orleans Middling
9 5-lGths. Mobile 91; Uplands 9 J. Stock in port
312,000, including 219,000.
Advices from Manchester favorable. Breadstuff's
quiet and unchanged. Flour had an advancing ten
dency provisions a declining tendency. - -
"Nrw York, Oct. 4. Flour has declined. Sales
State brands at $4 2 5a $4 40 ; Ohio $4 70a$4 75a$5
20; Southern $5 20. Wheat is heavy. Sales of
white at $1 80$1 84, red $1 41. Corn is dull at
70a72c for mixed. Stocks are firmer.' Virginia 6's
79. - .
Tatlomvtujl Alkxanbsb, Ckv $
r ' Sept lotMWT. f
I arrjred at this little village near the base of
Brushy Mountains, two days ago; in company with
a lively wedding party. This is the county seat of
Alexander, has a Hotel, three or four Stores, a flour
ishing' Male Academy, two of three churches and
the fillings up common to all villages. The coirt
house here is a very neat" one, has s . beautiful! loca-
tion in the centre of the village and is surrounded
by a number of stately oaks. Tbe Brushy moun
tains are open to view, and the top of tbe range, about
ten miles distant The Blue Ridge may be seen
from the Court-House windows, raising their ma
jestic proportions above their lesser neighbor.
There is a auipnur pnng three miles distant
from here. I visited it yesterday. The water i'
very strongly impregnated with Sulpher, and though
it is located on a plantation where there are no im
provements whatever, is visited by a large number
of persons. I hive no doubt but the water pos
sesses first rate, medicinal virtues.
I made the acquantance of Prof. Foote, principal
of the Male-School here, this morning. He is a very
interesting gentleman, and I doubt not, well quali
fied for the post he holds. He informed me that
there were over one hundred students now in attend
ance, and that four or five States were represented.
Ed. Cor. Golds. Tribune.
What will people think of the fact, that on Sun
day afternoon last, Rev. Dr. Deems preached at the
market House, in this town : There were very few
persons present at the commencement of the services,
but quite large a number soon collected, of all ages,
classes and colors, and, probably, a more numerous
company than has assembled in any Church in this
place for many years. - And yet, under all these cir
cumstances the most profound attention was paid to
the discourse, and stillness and order and propriety
of deportment pervaded the whole Assembly and
very many joined in the singing with, apparently,
devotional feeling.
When Preachers perform their tasks in this way,
avoiding sectarian and party feeling and issues, we
may always expect order and decorum, because there
;s no rea'son for any other consequence. The mild
and meek and conciliatory manner of the true dis
ciple of Christ, clothes the Minister with a grace and -dignity
that makes an irresistible impression upon
any auditory in a civilized community. The fault
is not in Street Preaching, but in tbe manner and
spirit in which it exhibits itself. It does not show
forth, through the Teachers, the sweet influences of
charity, but rather the stern features of an odious
sectarianism, the opposite and the foe of the holy
precepts of the Redeemer. It is not to be wondered
at, that a heart of bitterness in the speaker, should
engender ungracious sentiments in the bosoms of his
auditory, and that exhibiton of dissatisfaction and
ebullitions of passion should ensue. Wil. Com.
Union Subscribes $60,000 to the Road. We
are highly gratified to hear by a letter received this
morning, that an election was held in Union county
on Thursday last, to pass upon the proposition as
submitted by the Justices, to subscribe sixty thou
sand dollars to the capital stock of the Wilmington,
Charlotte, and Rutherford railroad, and that the
subscription was ordered to be made by a large
majority. . -
There are thirteen precincts in Union county,
and the' all foot up handsome majorities in favor of
the subscription, except one, the nearest to South
Carolina, and that one votes 30 yeas, 38 nays. One
precinct, we are informed, polled 61 votes, all in fa
vor of subscription a unanimous vote!
The aggregate majority is 422, or thereabouts ; it
will probably exceed that number.
The noble spirit in which the peeple of Union
have come up to the aid of a great State work, and
one of direct, practical importance to the interests
of their own county, is worthy of all commendation.
This is the spirit with which railroads are built If
one county backs out from excessive caution to au
thorize a subscription, the effect necessarily must be
depressing upon the other counties to be penetrated
by the road ; whereas, a contrary policy is sure of
its reward, in encouraging and inducing an adoption
of the example so gallantly set
We do trust that the example of Union in au
thorizing this liberal subscription, will be followed
by Mecklenburg, on Thursday next, the 1st of Oc
tober, when a proposition to subscribe a like amount
of sixty thousand dollars will be decided at the
polls. Certainly if Union can subscribe this amount,
Mecklenburg can. We, however, do not feel over
confident of the result, and the subscription wil! be
authorized, if at all, by a small majority.
We learn that Rutherford county has made all
arrangements for another vote on eighty thousand
dollars in December next ; and that this subscrip
tion will probably be authorized.
The counties of Richmond, Anson, Union, and
Cleaveland have now all made subscriptions to the
road. Let the oth'er counties follow their lead.
Wilmington Herald.
Southern Manufactures. Many persons are un
aware of the extent of cotton manufactures at the
South. No precise annual returns seem to be made,
but records of the last census show the following as
the value of cotton goods manufactured in five South
ern States iu 1840 and 1850 : .
1840.
$446,083
438,000
359,000
304,302
17,547
1850.
$1,486,348
831,343
748,338
2,135,044
882.360
Virginia,
North-Carolina,
South-Carolina,
Georgia,
Alabama,
MARRIED,
At Christ Church, Easlon, on Thursday, the 1st inst, by
Rev. Dr. Mason, William Shepard Bryan, of Baltimore, to
Lizzie Edmondson, daughter of the late William H. Hay
ward, Esq., of Talbot county.
Ia Caswell count v, on the 23d ult., by Rev. Jacob Doll,
Mr. Joshua H. Butfer to Miss Candis I'. Walton, adopted
daughter of Mr. Robert Walton, all ol Caswell county.
Happy, thrice happy may they be,
Never bare cause to grieve or sigh,
Live a life of righteousness,
And reign at last supremely high.
Register and Age please copy.
FREIGHT ARRIVALS.
Freight Received via Raleigh & Gaston Rail
road for the North-Carolina Railroad.
September 80, 1857.
Jones Watson, A J Holt. W C Porter, J H McRorie, J
Fraizier, R Gray, King, Hege & Co, T F Prather, F Fries,
5 J Figgott, R H Northrop, G A Mebane, T A Wilson,
Yadkin Man Co, J F Garrett, Clenard A Lindsay, Gilmer
6 Hendricks, Watts 4 Douglass, Brown A Coffin, Elkin
Man Co, Stone 4 Strowd, W H Britton, Dr C D Keehln, O
A Keehln. Holmes 4 Harriss, J.M Worth 4 Son, J R 4 J
Sloan, E M Holt, A Hunt. Murphy 4 Co, W Ogburn, J T
Goodson, J E ShoDer, J H Huddleston.
October 1, 1857.
Anger 4 Mangnm, J Webb, A Dunagan, S D Morgan, P
Mebane 4 Co, H Scott, Judge RuBin, J Watson, W P
Hays, W A Thompson, Smith 4 Prather, W W Cox, S
Archer, Phifer 4 York, W J McConnell, J Long, H Albright,
W T Hogan, J C Turentine, L 4 Brown, JF Alexander,
Gilmer 4 Hendricks, J F Garrett, Gilmer 4 Gallaway, C F
Fisher, T V Prather, C N McAdoo, R H Northrop, Brown
4 Coffin, Loder.4 Watson, King Hege 4 Co, W F 4 T J
Strahorn, G M 4 J W Lea, W HTomlinson, S Tatea. Cheek
4 Faucet t, Lambreth 4 Bro, J B Blackwell, H P Groner,
B M Yates, Rev L Thorn, Burkhead 4 Smithdeal, Williams
4 Long, Woobin 4 Hoskins, R B Saunders, L Carroichael,
Jones Watson, K G Lindsay, Holmes 4 Harriss. J S Al
dridee, J W Carr, Ferrell 4 Tate, Shepherd, Ferrell 4
Cheek, J V Prather, T Mebane ft Co, S S Webb 4 Long,
Anger Mangnm. . .
October 2, 1857.
King, Hege 4 Co, H Scott, G Mebane 4 Co, Shepherd, F
4 Cheek, R L Patterson, J R Wilbon, T V Prather A 4 F
Garrett, J F Alexander, Smith 4 Prather, Williams ft
Long, R G Lindsay, O A Keehln, Holmes 4 Harris, Gilmer
4 Gallaway, R B Saunders, Jones Watson, J C Turentine,
J W Carr, J R Hntchings. Brown 4 Coffin, Latimore 4
Brown, Loder 4 Waton, J R 4 J Sloan, H C Hamilton,
Gardener 4 Hill, Watts 4 Douglass, G Mebane, A Harp 4
Son, M D Williams. M 4 E Myers, Adams, Dobson ft
Grimes, A J Holt, W C Porter, A H Moss, J Ramsonr, J ft
R Gilmer, R Gray. J C Jenkins, John Miller. W J Plumer,
Gilmer 4 Hendricks, W H Michael, J F Jollie, Bonner 4
Crisp, Clenard 4 Lindsay, P A Wilson, E M Holt J F
Goodson, DeJournet 4 Heartt, W H Tomlioson, 8 Redinr,
Webb 4 Douglass, W T Hogan, J W Lacker, J Williford,
W G Campbell, HA Burk 4 Bro, Ang Mangnm, Thomp
son, Mebane 4 Co, Webb 4 Long, M Brown, P C Cameron,
John Lockheart, M King, J 4 JS Brown, Prof M Fetter.
Elkin Man Co, Tooth 4 Tage. ,
, - OcroBiaS,1857.
M D Williams, Adams, Dobson ft Grimes, Gilmer ft
Hendnx, A ft J Holt, Gardner 4 Hilt, J F Alexander. J H
Ennia, J R 4 J Sloan, Brown 4 Coffin, J F Jollie, W C
Porter, J F Prather, R Gray, Clenard 4 Lindsay, H C
Hamilton, J W Laekie, J W Carr, O A KeehlB, Watts,
Douglass db Co, Gilmer ft Gallaway, W A Lash, 8 Beddinc
G A Mebane, J Ramsour, A H Moss, J ft J S Brown, J T
Hogan, J Harper 4 Son. J C Jenkins, DeJonrneU ft Hunt
Boner 4 Grist, W J Plummer, J Miller. 7
THE MfjkBJa'JBXfc vr7
FATETTETILLS gAMCCT. r
. ' Kiv'i . Oufuaaa 8, loot.
14009 Ueeata. : COTTON liU tolS FLOOTJWfgi
to.$. GQS5 l p tNukirX4BOl9 oenta; . Faat.
BRANDY 1.25j Apple ti. WHtSKEYXfra: Korttem
Waisawr V etsV-r Bar TTJRPENTINX $3 t. $8PX?
TCBJWTIKKMetaV . -'. ,.....-. t?
"''"-,: .'V;.'"' : IIJUN6T' MARKET. ' X ' VCl
' . r Ocwaaa V185tV ,
TURPEflNfi.SmJes alter ye44ay's report of 10 1
bbla. at 9M tor virgin, aod t&tO for yaUow dip, par 880
lbs. No-aalse-to-dayv : - - - . . ' , ;;-,
Nothing doing in Spirits Turpentine, Rosin or Tar. .f
FLOUR. 22bWa. Btate.braads soU yesterday at 6Jt0 -per
bbl. for superfine, 60 aajrav. . -. -
SALT The lot of 600 sacks Liverpool ground, noted
yesterday aa on market, sold-iar lota at-to eeota per sack.
OCT0e,JB07. .
Maiket remains steady aa qeted Testerday, uj wjil jbt "
Tobacco, which we thought i mproTea to-day . - - f ; .
WHEAT. There was a better feting, in the market o-o
day for prime Wheat, and we note an-advance of S td S eta...
The millers are buying more freer, aod thf receipts arv,.
again increasing some. We quote at $tJ2 to 1.83 for primffw
w cnoice: lair to good lots il.lo to i.J.- ' ? .
TOBACCO. There was more animatiotS ln'thymarfcst
to-day, but we have no change to note in pries. The daily . -Inspections
do not go over 20 to 25 hbda, and a part of
them are primings, which sell at S to $4. '
CORN. Lota from yo cents to fl.1 ' . :
LARD. This article is scarce; bbla. 17c aartingal
80 with bnt little in the market r
COTTON. The demand continues active with' noatoeW.
for sale, prime would readily bring 15We. -c - . v, ,
FLOUR. Tbe market is very dull with only retail sales
at $8 to 8V for Extra and Family.
BACOM. There is an active demand and tbe tendaooy si
the market is still upward. We quote sides 18, and shoul
ders 14, and Virginia hog round 17c. . i
. GUANO. Tbe demand for Peruvian ia very heavy at $82 -,
to 6-2 W for No. 1, with only a small stock in market.
Ichaooe Guano selling at 42 Per ton. . , ' w
GUNNY CLOTH. The market tending up. Sales at
15W to IS. , . . ... . t
Reese's Manipulated Guano $55 per ton.
FISH. We quote Mackerel at $U to H; Boa Herrings -at
5V to fiV, and Trimmed at 7H 8. r
APPLE BRAN DY. We bear of but little doing. There"
ia a fair demand at 75 to 80c. for last crop, and old is held
atl31f
SALT. Market well supplied, with sales at $1.55 ia .
large lots from ship, $1.75 from store. . Democrat. -
NORFOLKMARKET. "
BEPOBTED Voa THE " HORTH-OAROLIlf A STAirDAftD,
Br A. M. M'PHEETERS ft CO.,
Wholesale Grocers, Forwarding db Commission Merchant. .
October 4, 1857.-- -
The financial panic now prevailing has a very injurious
effect on trade, and prices of produce are almost nominal.
FLOUR. Tbe stock in market is heavy, and it is diffi
cult to effect sales to anv extent We quote S. F- $66.25 :
Extra .886.50; Family $6.757, with a downward
tendeacv. , : -
WHEAT. Sales of white at $1.85 ; red $1.101.16.
CORN. Sales of white by cargo 76c.
DRIED APPLES $1.75. No Peaches In market
NAVAL STORES. Spirits Turpentine 344: Rosin
$1.401.45. No sales of Tar.
BACON scarce and in demand ; N. C. and Va. Bams 18
20c; Hoground 18c; Western Sides 176.; Shoulders
16c. ; Lard 20c.
GROCERIES. Java Coffee I920c. ; Mocha 8825e ; '
Laguayra 1814c; Rio 12X13c. Cuba Sugar 10c.;
Crushed 13g)3$c.; Coffee Sugar HVl2c; Brown 4
5c. ; Pale 5Hc Adamantine Candles 88a ; Sperm 40
60c; Mould 16c
THE OLD WELDON HOTEL
IS NOW OPEN ON THE SOUTH-EAST SIDE OF
tbe Railroad as you get in on any Road. It ia open ia
the name of the newly opened
. EXCHANGE HOTEL.
And it is bound to do justice to passengers in getting their
meals the Proprietor pledging himself to satisfy mil who
may lavor him with a call, or no pay.
Passengers will find meals ready on the arrival of every,
train, with go .id Porters to attend to them and check their
baggage to any point which they may desire to have it
checked. . . -
The House is within twenty steps of the Ticket Office,
where passengers can obtain their Tickets without any
trouble, and be in good time after getting thtir dinner or
supper, as there is considerable baggage to change.
Passengers wilt please bear in mind that there is a house
in front of mine, rented by the other house to keep off
opposition, which is called the New Weldon Hotel, bat.
gentlemen and ladies will please recollect that this house ;
has been built only some four, five or six years to my
knowledge, and has been occupied by three different per-,
sons during that time, and has a new Proprietor at present
This Old Weldon Hotel has been open for two months, and
has not had a crowd but once since, bat .it is now increas
ing fast in popular favor, as passengers find that the meals'
suit them and are always ready on tbe table when the'
trains arrive from any point There are red bills printed
by the other house with no name attached to them, evt-'
- dently designed to injure me and my house, but it cannot
succeed, notwithstanding the Proprietor and bis men at
the cars are particular in informing passengers that the'
house to the right is the best, but passengers find that the
house on the hill is not only the best, but that its table is
more abundantly supplied with the best and that to
waiters are n.ore polite and attentive to the wants of those
who favor it with their presence.
Please bear in mind that my house is the newly opened.
EXCHANGE HOTEL on the hill, twenty steps fromthe
Ticket Office.
B. B. SEARS, Proprietor. ,
October 6, 1857. 91 tf. "'
, EST Wilmington Commercial, Petersburg Express, and
Norfolk Herald copy. ( . ("
RUNAWAYS TAKEN UP. ' "
COMMITTED TO THE JAIL OF STOKES COUNTY,
in the Town of Dan bury, on the 83d ult, two negro,
men of the following description: One calling himself TOM r
says he is 27 years old ; he is five feet, nine or ten inches
high ; w ighs about 160 or 16 pounds; black complexion;
prominent forehead and nose; long platted hair; has two
small scars on the right side of his face, one near the right,
corner of the eye, the other near the right nostril ; haa
holes in both ears ; has on dark frock coat, small cheeked
pants and black hat. : . .
The other says his name is WESLEY, sometimes called
Wake; is about. 28 years old; five feet nine or ten inches
high; weighs about 160 pounds; has on gray checked
woolen frock coat, and pants of the same description, dark
checked silk vest and black hat much worn. Both of the
said buys say they belong to LOT C ROOMS, living in New
Hanover County, about 16 miles Northwest from Wil
mington. 1
The owner is requested to send proof, pay all expenses,
and take tbe negroes away.
t - JOHN MARTIN, Sheriff. .
October 6, 1857. 91 6m.
NOTICE.
WILLIAM T. BAIN RESPECTFULLY INFORMS
his fiiends and the public that he haa taken eharM
of GUION'S HOTEL, and will be much pleased to accom
modate his friends and all others who may favor him with
their patronage. He will spare no exertions to please.
Raleigh, October 6, 1857. 91 3m.
FOR SALE,
MY PLANTATION NEAR THE TOWN OF BALI
fax, containing 700 acres, well adapted to the culti
vation of Cotton and grain ; also, another tract adjoining
containing 218 acres. I will sell both together or separato.
Also, my stock of Males, Cattle, Hogs, Cora and Fodder,
or as much as thb purchaser may desire. As these who
may wish to purchase will examine before baying, I deem
it unnecessary to give any further description. Those in
want of a good Cotton farm will do well to give me a call.
Terms will be made easy. .
WM. B. POP1V,
Halifax, N. C, Oct. 6, 1867. 91 swSwP
A VALUABLE WESTERN FARM FOR
SALE. THE SUBSCRIBER HAVING DETER-
MINED to move west, offers for sale his well-known Farm
situated in Wilkes county, on the waters of Hunting creek;'
containing 1000 acres of welMit bered, and tbe portions
that are cleared, very fertile land- with the dwelling bona,
out houses, barns snd other appui i nances necessary for an
agricultural occupation. . .
Said farm is situated on the stage road, leading from 8a
lem to Wilkesboro', 8 miles of Hiiinptonville and 18 miles
east of Wilkesboro1, in a very healthy neighborhood at the
foot of Brushy Mountains. It ia well watered there run
ning two small creeks through ii. besides having several
good springs upon it one of wl- ch is wrthin sixty yards
of the dwelling, affording the purest and coldest water. It
has four fine orcnards upon it, bearing apples and peaches
of the best varieties, two of which also prodacinjr, in great
quantities that delicious fruit known aa the May cherry."
These orchards, from their elevation upon the mountain
sides, scarcely ever fail of bearing an abundance of ft-ait
It baa a good mill-site upon it. and presents a good location
for a mere: ant-mill. The soil is well adapted to tbe culti
vation of corn, rye, wheat oats and tobacco. Persoa
wiahiugabomein a good healthy region of country, or
wishing to invest money in real estate, can do no better
than to call and examine the premises, as I am determined
to sell, and will sell low. Any eornepondenoe noon the
subject addressed to tbe subscriber, , T
' , C. L. COOK.
a . New Cuwle, Wilkes eo,H;a
August 84, 1857, . m 6 warn.
- FOR THE WB8TUI
Throcgh or 88 hours, and caoasriia raa Bum Bison sw
" - - TB DAT TIME. t
C 8. BROWN'S TRI-WEEKLY LINE OF FOUR
o HORSE POST COACHES, ixom Salisbury to Aabe
ville, via 8teteaviUvf Newton, Morgan ton, Marion and
Pleasant Gardens, connecting at Asfasville with the line of
Terni th Wrm sPriB8a Knoxville and Greenville,
This ia 1$. miles the -'nearest route to Aslieville, and is
also tbe beat stocked and best, managed road in North-Car
olina. It is the most expeditious, safe and pleasant, and at
the earne time the cheapest route for the West.
Leaves Salisbury on Monday, Wednesday and Friday;
leaves AabeviUe on Tuesday, Thursday and Saturday : mu
ring in close connection with the North-Carolina Railroad,
North and South. ,
.- C. S. BROWN, Contractor. '
May 1,1867. ; IVtl