The Athens post. [volume], October 09, 1857, Image 2

About The Athens post. [volume] (Athens, Tenn.) 1848-1917

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ATHENS POST.
8. t. IVIN8, EDITOR AND PROPRIETOR.
Tc rmi S i a rar, pajrabl in artiance.
No- paper discontinued ontll all arrearages art
paid, except at the option of the Publisher.
Announcing namea of candidate for offlce $5, Cash.
Obituary Notice orer IS line, charged at the regular
Advertising rate.
All communication Intended to promote the private
ndi or interests of Corporation, Societies, Bchool or
Individuals, will b charged a advertisement.
ATHENS Fill DA V.OCT. O. I85T.
Ocoee Bark. This institution, we lenrn,
suspended specie payments last Monday.
We presume it will resume again as aoon as
the "panic" shall have run its eourse. We
will be glad to take Ocoee money at par, fur
subscriptions due thia office. A statement of
the condition of the Bank will be found in
another column. .
57Tlie Din-dors East Tennessee and
Georgia Railroad met on Friday, the 2d inst,
and organized by re-electing C. Wallace
President, and R. C. Jackson Secretary and
Treasurer and Superintendent Transporta
tion. .
General Assembly. The General As
sembly of Tennessee convened at Nashville
on Monday last. John C. Burch, of Dam.
ilton, was chosen President of the Senate,
and Charles Stone, Principal Clerk. Gen.
Dam'l S. Donelson wns chosen Speaker of
the House, and Robt. W. Haywood, Princi
pal Clerk. At this stace of the proceedings
both Houses adjourned to the following day.
On Tuesday, S. M. Ewino was elected Sec
ond Clerk of the House; and Jas. C. Car
lock, of MoMinn county, Engrossing Clerk.
Mr. Nelson, of the Western District, was
elected Door-keeper of the House, and Mr
Fiue, of Washington county, Assistant Door
keeper. 3f" We refer the reader to a synopsis of
the laws In relation to Free Banking, which
we publish today. It is copied from the
Nashville Patriot.
t3T The Knoxville Regiater states that
the entire work on the Knoxville and Dan
ville Road has been suspended.
Pitch In. We are requested to give no
tice that Sehorn & Hoknsby, at "The Va
rieties," will take the bills of the Ocoee,
Shelby vifle, and of all the Free Banks, at
par, for any articles they have on linnd. They
have a supply of Boots and Shoes, Hats and
Caps, Rendy-madu Clothing, and the largest
and best assortment of Watches and Jewelry
in East Tennessee.
Madison ville Female Academy. We
are requested to give notice that the Trus
tees of Bolivar Female Academy, Madison
ville, have secured the services of Mrs. A.
Donald, for the Musio Department of that
lnatitution. She is highly recommended as a
successful teacher.
Croakino. The croaking in the streets
about "The Panic," "Pressure in the Money
Market," and "Hard Times," is awful. And
as generally happens on such occasions, per
sons most likely to be least effected by the
existing derangement, are loudest in their
complaints. We have lienrd men cursing the
"d n Banks" who never owned a five dollar
bill in their lives; and others, who never pay
except at the extremity of the law, express
ing prent apprehension least they should be
enable to meet their January debts, because
their funds consist of the issues of the Free
Banks. And still others, who never before
even dreamed of paying for their paper, have
suddenly become conscientious on the sub
ject, and eome in and settle up (with depre
ciated money, of course,) with the apparent
unction and fervor of honest men. In refer
ence to the last we wish to say, that we will
take the bills of all the Free Bunks except
the two mentioned in another place as having
run sway for subscriptions due us. So that
all in arrears can relieve themselves of their
Free Bank paper to the extent of their in
debtedness to this office.
We have given notice in another place that
we would take Ocoee money, either for old
or Dew subscriptions.
Truths for the Times. We like the
spirit of the following, from the New York
Express:
"These arecertninly "times that try men's
souls." Nothing like misfortune, though, to
bring out the belter, or worse, trait of indi
vidual character, and showing up human na
ture just as it is shorn of the conventional
disguises which society allows when every
thing glides smoothly ulong on the even cur.
rent of every-day life.
Thus, nt a crisis like this, when financial
disaster is sweeping far and wide, and bear
ing down all before it, the man, or the men,
or the corporation, thnt are strong enough to
withstand its effects, have certain obvious du
ties to discharge towards their less fortunate
brethren, which cannot be neglected consis
tently with the hypothesis that they have
iouls to be 'tried." Those duties are that
the strong should help the weak the for
bonrance of creditors towards debtors an
accommodating spirit in cases where accom
modation is needed and deserved; eneour.
sgement for the desponding; words of good
oheer for Ihoae who are fainting and falling
by the wny-sido; in short, something like a
real, practical personal respect for the golden
rule of doing as we would be done by. Now
Is the time for men to show they have hearts;
that ths Christianity they have bten profess.
lng from their youth up, is not a Action, but
a tact. If a man does not carry his religion
into ths operations of every day life, it is not
worth the gilded hymn bonk he carries in his
nana on Sunday or the sliming or sixpence
he drops into the charity-box or the fund
he subscribes to for. the conversion of the
heathen.
No man stands alone In this world. We
all lean on one another, somohow and such
are the mutations of life, that the strong
man of today may be the weak man to-morrow.
If this grand truth were but kent in
- remembrance, the great Christian virtue of
charily, It is certain, would be honored with
a more universal observance than it is. But
It is one of those truths that are too frequent
y lost sight of in seasons of prosperity, when
all goes prosperously on but when storms
arise, and the day of distress rings in our
ears, it must knock at the heart of the most
esllous, and prompt to deeds or generoaitv
and goodness that else were unthought of
and unperformed, it mere were no mistor
tunes, no misery in this world, there could be
no charity and without charity, what would
become of our humanity!"
The Circus. Mable's Celebrated Menag
erie and Circus will exhibit at this place on
Friday, the 16th October. The establish,
mcnt Is said to bs one of the largest and best
in the world. 80s the advertisement next
page. I
Table or Exports, Su. We give below
a table of the exports over the East Tennes
see and Georgia Railroad for the year ending
30th June, 1857 with the number of pas
sengers carried during the same time:
Wheat...
Corn ....
ST.ifi3 bush.! Pish...
S.400 lot.
Ulas-....
Ice
. 8o
. 6,335
.147.31
. 44,M3 "
. ,7i5
Oat
Rye
Meal
Peas and Bean
Bran
Lime
Oreen Fruit..
lried Fruit....
Grass Beed ...
Potatoes
Onions
Turnip
,
l.M "
,41
60
8.S87
88
470 "
T.1K5
Paper
Machinery...
Furs
Soap a Tallow,
1,150 "
Venison...
Sundries .
Kiour
..1,091.430 "
.... 8S.17 6 bbl.
.... 1,271 "
171 "
!5
... 1,K"S
ws .
u
6
,...M.Sllb.
,.4,i7,fXHi "
...STO.ToS)
... J'A"pO
... 80,7m
... Ix.iAO
... to ,44
...S2I.
"alt
Whiskey
Cider A Vinegar
Oil
Tar
Cement
Hnrites
Mules
8
T -1
Max seed
Ha
Bacon .. .
Lard
Butter.....
0 "
80
18
180
IO
75
19
8,826
40
9,0"5 do.
Cattle
Beef.
Pork
Rags
Marble.. ..
Copper Or..
Iron
Callings. ...
Pig Metal...
Feathers....
Ginseng
Wax
Pink Root...
Sassafras....
Cotton Yarn
Tobacco .. ..
Plaster
Hogs
Sheep
Dogs
Turkey
Chicken
D,Sfi7,140
..173,161
..150,407 '
..134,414
.. 67,1'JO
.. 8,331
.. I
...8!,$."0 "
.. 1.816 "
..il,4N) "
.. "
.. 53.800
Duck
Eggs
lilies Shlrtlnrs
IfiO
Wagons and Carts W
Wheat Fans... 40
Cultivator.... 7
Brick lfm
Sand. ear load 17
Cars "
Uthineles
Lumber 4OT,wi M n.
Passengers.... 411,216
Leather.
1B.278
Hide MJ45
On the Wino. Two of tho Free Banks
the Bank of Tazewell, and the Bank of
Knoxville recently passed down tho Rail
road, in the direction of Nashville. It is said
the officer in charge had the assets of one of
the concerns snugly stowed away in his
breeches' pocket The Tazewell wns brought
to a halt at Knoxville by an attachment, and
made to disgorge to the amount of seven
hundred dollars.
The Suspension of Specie Payments.
Our exchange papers are pretty gewernlly
filled with articles about "The Banks" ond
the "Financial Crisis," and as it is the all-engrossing
subject just now, we don't know
thnt we can do better than to give some of
their thoughts and speculations thereon.
The following from a New York paper, on
the "suspension of specie payments," is of
interest as indicating how the wind sits in
that direction and the manner in which the
immense monled interests there intend to use
"the times" for their own advantage. It says.
"The suspension of specie payments is
hailed in some quarters as 'a relief to the
merchants,' but if we recall the experience
of '36, '37, '38, '40 and '41, we shall see hat
sort of relief it is.
Ease is tho first effect that Is, some mer
chants nre saved for the' moment, but only
for the moment. Specie is the true and only
test of values, ond the only solvent of debts,
and the relief 'suspension' gives is like Hint
of Rum, Opium, or any oilier stimulant,
'The drink' being over, delirium tremens
comes. Hence, the case of 1836,-37 was but
a prolonged delirium tremens, which did not
end till 1841. When the screw began to be
put on for resumption, the agonies of the
tortured community were just as severe as if
they had endured them nl the start, without
putting off the evil day. The relief was but
temporary: the punishment lasted for years.
Now, it is very true, that Philadelphia, Bnl
timoie, and other places where tho banks
hnve suspended, may receive temporary relief,
from their ability to discharge debts in bank
paper; but soon, nay, even now, the people
nre compelling the banks to resume, and the
banks, in the process of resumption, will have
to put on the same screws the nieichanla
there huve just been feeling. Every debt to
New York, every debt to Europe, every debl
to the Custom House, and to the Post Office,
must be discharged in specie, and only in spe
cie. Now New York insists upon and will have
only specie, and the suspended banks every
where will booh be brought to this touch
stone by the people and the Legislatures
nbout them. New York, it is true, is suffer,
ing, and must go on suffering, frightfully,
from the struggles of debtors everywhere in
the suspended districts, to pay us paper in
lieu of specie, and thousands will not pay.
New York, therefore, will only be more ex
igent in demanding resumption everywhere.
To have anything from Kurupe or elsewhere,
now through us, specie must be paid. Far
mers' and Planters' products must come right
down to the specie test. The price of a
bushel of wheat in Virginia or elsewhere,
will not be the price in paper there, bnt the
price in specie in New York. Every thing
must go through our golden crucible. The
test is to be terrible, nnd everybody will suf
fer by it; but it is far better to suffer now
than to be suffering, as In 1836, on to 1841.
It may now be a three months bleeding; but
the patient who survives wil f be healthier than
ever, even if Ito can only stand the Dr. San
grndo. The consolation is a sad one, to be
sure; but it is better to bleed to death nt
once than to be suffering by slow poison for
years and years.
Resumed. The Exchange Bunk, at Mur
freesborongh, is reported to have rosined
specie payments.
if In the whole course of our life we
don't recollect to huve heard ns much com
plaint and groaning among the people in all
directions. It is enough to induce one to
believe thnt Andy Johnson's milk-ilium had
commenced, nnd that the country was about
starling forth on (hat era of prosperity to be
inaugurated under the universal rule of mod
ern democracy.
Iff" Wo heard the other day one of the
iron ribbed, web-footed, and near-sighted De
mocracy cursing the "d n Banks." We
thought he might, with much more propriety
hurl his anathemas against the Sub-Treasury
system, which locks up thirty millions of the
precious metals in the government vaults,
while the people must be served with depro'
ciuted paper.
I-fT" Speaking , of "suspensions," the
Hunlsville Independent mentions the sus
pension by a rope of a negro for murder, in
that town, last week.
Dead. Mr. Eli Rider, former publisher of
the Wytheville (Va.) Times, died on Thurs.
day 25th ult., in the 33d year of his nge.
IC7 Cases of brutal treatment of wives
by their husbands, are becoming more and
more common dnily. The last nnd most
shocking one chronicled in the papers, is that
of a man named Martin, who married a vo
man named Martin, and in that way knocked
an eye out on the vry day of their mar
riage.
t3T" Martin, Varnell Si Co., Calhoun, are
in receipt of a large stock of Fall and Win
ter Goods, to which they invite attention.
Their advertisement will be found on the
next page.
IT Counterfeit ten dollar bills on the
Merchants' Bank of Nashville have been dis
covered In Louisville.
The parties circulating them just now are
engaged In a rather small business, we would
say.
FREE BANKS AND FREE BANKING
LAWS OF TENNESSEE.
This being a subject of the first interest to
many of the people of this State, and to some
of those of the neighboring States, we hae
condensed the main provisions of the statutes
authorizing and regulating these institutions.
The Legislature of 1851-3, was the first to
inaugurate tlte system in Tennessee. The
act of thnt session provides that any person
or association of persons, having at least fifty
thousand dollars, may carry on the business
of banking, on the following conditions:
First, the banker shall legally transfer to the
Comptroller of the Slate public stocks of tlie
Stale; or bonds of incorporated companies, en
dorsed by the State; or bonds of the United
Stales. These bonds or stocks shsl I, in all
cases, be equal to stocks producing six per
cent, interest per annum; and the Comptroller
shall not receive any such stocks at a rate
above its par value, or which shall not be
worth upon a sale, made for gold or silver, one
hundred cents on the dollar. Upon the deposit
of such securities, at least three fourths of
which shall be bonds of the State of Tennessee,
the Comptroller shall issue an equal amount
in bank notes for circulation, registered nnd
countersigned by him. And the banks shall
not have,' for twenty days together, on hand
at their place of business, in specie less than
ten per cent, of their circulation. Before com-
mencing business the banker shall make, ac
knowlidge, and cause to be registered in the
County Register's office, a memorandum
specifying, 1st. the name of the bank; 2d, the
pluce of business; 3d. the amount of capital
stock, and the number of shares; 4th. the
linmes nnd places of residence of the share
holders, and the number held by each; 5th. the
period when the bank shall commence and
terminate, not to exceed 20 years. These
conditions being complied with, nnd the
Comptroller having executed also his bond, in
such sum ns the Governor may direct, the
bank is placed on the footing of n corporation,
and entitled to the usual rights and liabilities
of such. The notes having been signed by the
bank officers, in such manner ns to make
them obligatory promissory notes, payable on
demand at their place of business, in this Stale,
may be circulated as money.
The Comptroller is prohibited from issuing
an amount of circulating notes, exceeding the
aggregate value of the securities delivered to
him, under penalty of removal from office, and
being personally liable to any note holder for
the full amount with interest, of any note or
notes that may be lost on account of his
failure to comply with the provisions of the
act.
If upon lawful demand between the hours
of ten nnd three o'clock, at the place where
the notes are made payable, the makers or
bankers shall fail or refuse to redeem such
notes, in lawful money of the United States,
ihe holder making such a demand, may cause
such notes to be protested for non-payment
by a notary public in the usual manner.
Upon receiving the notice of such protest, the
Comptroller shall file the same in his office,
nnd forthwith give notice in writing, to the
makers or bankers, to pay the same, together
with all costs ol protest, and other damages
nnd charges arising out of such default; and
if they shall omit to do so for ten days after
such notice, then the Comptroller shall give
notice in three or more newspapers, publish
ed in the Slate, that all the circulating notgs
of such bank will be redeemed out of the
trust funds in his hands for that purpose.
The Comptroller is required to apply the
trust funds to the payment, pro rata, of all the
circulating notes, whether protested or not, put
in circulation by the bank or makers. And the
Comptroller mny, after ten days, with the ad
vice of the Governor nnd Attorney General,
proceed to sell at public auction the stocks or
bonds, or any of them, deposited with him by
such failing banker; or, with the advice afore
said, he may postpone the sale, not more than
six months, after which he is required to pro.
ceed ns before mentioned. The costs of pro
test, &.C., shall be first paid by the person
procuring such services, but the bank is liable
for the amount. But the costs nre not to be
paid out of the trust fund, the bonds, until nil
the circulating notes nre redeemed if then
there is an overplus it may go in that way.
And if nny bank shall be wound up in this
manner, the protest of the first note protest
ed, shall constitute a lien for the benefit of Ihe
creditors of the bank, upon all the assets of the
bank, not in the hands of the Comptroller; and
any conveyance after such protest, shall be,
void.
On every note demnnded nnd refused to be
redeemed, tho banker shall pay damages, in
lieu of ii.terest, tit the rate of twelve per cent.
per annum.
These are the provisions of most interest
nt the present lime. The Act goes on to
specify that the shares of stuck shall be held
as personal property nnd be transferable on
the books of the Company. That the prop
erty of the bank shall be liable to execution
and sale on judgments and decrees : That the
banks mny hold real estnlo, when necessary
for the transaction of business; or mortgaged
in good faith; or conveyed for debts owing to
them; or purchased under judgments held by
it: That they shall furnish semi-annual state,
ments to the. Comptroller on the first of Jan.
unry and July: Thnt a bonus of 25 cents in
each 100 dollars of capital, shall be retained
by the Comptroller in lieu of taxes.: That the
bank shall bo entitled to the interest accruing
on deposited bonds, for the redemption of
their circulation: That legal proceedings shall
be conducted in the assumed name of tho
bank, and service on the President or other
officer conducting the business, shall be good:
That they may increase their capital not ex
coediug s half million, and the number of
share holders at pleasure. Section 14 of the
Act provides that w hen the bonds of the
State are deposited with the Comptroller they
shall thereafter be payable at Nashville, and
likewise the interest thereon; but should a
bank fail and bu wound up, then the interest
to be payable where the bonds are payable.
The legislature reserves the right to amend,
alter or repeal, this Act, in such manner as
mny work no injury to the banks, nor impair
sny vested rights.
The Legislature of 1853-4, so altered the
above Act, as to repeal that provision requir
ing three fourths of the securities deposited
to be bonds of the Slate of Tennessco.
The Legislature of 155V-6, passed two
Acts affecting the Free Banks, the first of
w hich provides that after the 1st of Septem
ber 1856, they should not issue notes of less
than five dollars; and that the circulation of
any bank or branch bank shall, within sny six
months, computing from 1st January to 1st
July and from 1st July to 1st January, nut
exceed its discounts more than two thousand
dollars excepting the Bank of Tennessee,
The other Act of Ihe Inst session provides
that no Free Bank shall thereafter be organ
ized with a less capital than 100,000 dollars,
and that commissioners, appointed by the
Governor, shall receive the money, and tho
bonds be purchased by the Comptroller. It
also provides that if the bonds used by bank
ers shall decline and remain below par in the
city of New York as sfiowu by the sales of
the Stock Board of that city, then the Comp.
troller is required to retain the interest oo
such bonds as are deposited, accrued or to
accrue, until additional bonds are deposited
with him to make good the par value of such
bonds. And in case of such depreciation the
Comptroller shall give notice of the same, and
the banker shall, within sixty days, deposit
additional bonds to make them good, and in
cane of failure lo do so, the Comptroller is
directed to take charge or the assets and w ind
up the bank : That no Free bank shall be or
canized with l"s than ten bona fide stock
holder; a majority of the stock to be owned
by residents of the Stale; and the semiannu
iil reports or statements shall specify the
name, residence and amount of each strck
holder. Thut with the advice of the Gover
nor and Secretary of State, the Comptroller
mny w ind op nny bank tor a violation of any
of these provisions of the law; and sell the
bonds at suction in ftew lork, after thirty
days notice in that city nnd in this State :
That the Comptroller shall give notice to
note holders, in cae of liquidalinn, in a news
paper in Nashville, nnd mi one in the county
where the bunk is located, oi.ee a month for
two years, when he is authorized to hand
over reinaininu assets and bonds to stock
holders: That theeiiculation maybe increas
ed or decreased nt pleasure by increasing or
withdrawing bonds from the Comptroller
not to go below 100.000 dollars, nor exceed
three times the nmount of capital actually
paid in: That in c-ise of suspension, any per
son holding one thousand dollars of the notes
of tliu bank, may present thrill to the Comp
troller nnd receive from him in lieu, one thou.
sniid dollars six per cent, coupon bonds, at
New York market value, provided Ihe same is
not under par: That hankers under this Act,
or that of 1851-2 shall not discount notes
directly or indirectly, nt n greater interest
than other bonks nre allowed, under penalty
of forfeiture ot the rights r hanking, and hin
not less than 50 nor more than 500 dollars,
The other provisions are unimportant, except
that the provisions of this Act apply to those
banks alre.idy organized under the Free
Hank inn law, as fully as In those to be or
ganized, bo far as it does not infringe vested
rii'hts.
This is the sum and' substance of tho Free
Banking laws ol Tennessee. Xash. Pat.
Schedule. Welind the lollovving par
agraph in the Bristol News, of the 2d inBt:
It gives us much satisfaction to have it in
our power to report that the connections
hnve been well kepi by the railroads and
coaches during the poet? week, nnd passen
L'ers are carried through from Richmond to
Dalton in 45 hours. The contractor on the
stnge line complains thnt they have given
him too little lime, nnd we hope tho Virgin
ia Railroad will run a litllo faster, ns the
connections then could be made with certain
ty; whereas now, with the muthly roads of
winter, it will be dilfiriilt for the stages to
run according to the eln dule.
We learn from the Lynchburg Virginian
that passengers are not delayed in thnt city
now; the South Side Road runs two trninx
daily, connecting with the Virginin nnd
Tennessee trains East and West, so that
passengers are not detained either way.
Wheat. The New York Economist says:
'The idea has been entertained that, because
the crops of Europe nnd England are very
Inree this year, that therefore the huge crops
of Ihe United States will find but a meagre
market. This view. -e think is erroneous,
for the renHnn Hint since the English famine
of 1847, the United States grain trade has
been an established one. In years of good
harvest European wants take all surplus,
nnd in years of bad harvest, wo hnve not
hitherto been nble to supply them with
enough to u fleet price there, while our over
exports have carried prices so high ns to com
pel our own consumers to pay famine prices "
The Economist then " publishes a table,
showing the imports of breadstuff's, for n se
ries of yenrs, into Great Brilnin and Frnnee,
by which it appears that the wants of those
countries are annually increasing that the
imports of both for 1856 were greater than
for the famine years nf 1847-8. Tho exports
of the United Slates hnve also vontinued to
increase, ns will be apparent from Hie annex
ed exhibit nf the shipments for the years
1843 and 1857.
ViiFAT,bii. Flour, bhls
1843 311.685 841,474
1856 11,000,000 2,100,000
Counterfeits on Virginia Hanks. The
latest counterfeits on Virginia banks are Ihe
following: Twenties Hank of Virginia,
Charleston; hundrtds Exchange' Bank of
Vircinia: tens Bank of Vircinia: tens Mer
ft o
chants' Bank of Virginia, Lynchburg. All
orthem are badly executed. Sixes on the
Bank of the Valley are very correct, bearing
the nppenranee of being old nnd genuine.
Savannah Banks. The Savannah Re
publican alluding to the panic, says:
In the almost geostrnl derangement of the
financial affairs of Ihe country, we arc grat-
ihVd lo be able to Btste that tho Banks of this
city remain firm, and without the slightest
apprehension from the least auspicious state
of affairs at the North and elsewhere. We
think the public need leel no uneasiness on
their account.
Tennessee Monet. Confidence in the
Tennessee hanks hns. savs the Iiuisville
Courier, in n great measure, been nlready re
stored. Their notes were generally current
throughout the city yesterday, and were
taken freely by dry goods and grocery mer
chants, and variety dealers. This is right
The monev is as irnod as it ever was, nnd
the brokers would buy it ns freely as ever,
if they only had the Kentucky fonds lo give
in exehanire for it. We hnve 110 doubt but
by the close of this week it will be as uni
versally cuirctit in all circles ns it has been
heretofore.
t-iT The editor of Ihe SufTolk (Va.) Sun
tells ofagignntio pumpkin brought lo his
office by Mr. Joseph Eley, of Isle of Wight,
measuring five feel four inches in circum
ference, five feet eight inches in length, ond
weighing ninety-four pounds.
Western Speculation. It is said that
two firms In Washington city have Invested
8400,000 in the new city of St. Croix, Wis
consin, alone. Who wonders that there Is a
pressure! And what a tumbling there will
be in Western lots when the holders have to
"let go."
THE CLEVELAND FAIR AND AF
FAIRS AT CLEVELAND.
Cleviland, Oct. 6, 1857.
Dear Post .-The remissness of your metro
politan correspondent, of which you com
plain, is, no doubt, a source of .vexation lo
your many readers; for the sayings and do
ings of the people of Knoxville give tone and
character to the people of East Tennessee.
In the absence, then, of anything from the
racy pen of your pet correspondent, allow
one whose hand is tinpracticed in the art of
'jottings by the way-side," to do up for the
publie eye the story of ths last few day in
Cleveland. By the way, Mr. Tost, this little
village, although it can not boast as great
antiquity as our metropolis, begins to evince
some hope of rivaling that ancient city, and
already eurls its beardless lip in petty scorn
when any one dares to call it the "second
oity." The truth is, if it escape the "big-
bead,'' and all similar distempers, s few more
years will warrant it in placing its thumb on
its nose and giving Knoxville a very signifi
cant twitch of the fingers.
Last week was one of unusual activity and
gaiety in our usually quietly busy and busily
pleasant villasre a perfect carnival the
main feature of interest being the first An
nual Fair, under the management of Bradley
County Agricultural Society, which was nu
merously attended, the number of visitors
reaching several thousand. All the adjoining
counties were well represented by men, mat
rons, and fair maidens the good county of
McMinn sending, as usual, a large and re
spectable delegation. Let ma whisper softly
ia your ear that some of the last named class
from your county made imprejsionshere that
the Bradley comity fair will, perhaps, never
be able to remove.
The articles on exhibition in the Ladies'
department, at the Fair Grounds, were far
beyond the expectations of the most sanguine,
both in qunntily and quality. Aided by the
experience of the present., and stimulated by
a just sentiment of emulation, the Indies will
cause that department to present, next year,
such fruits of patient industry and inventive
genius as will command the admiration of
visitors.
The show of stock included a large number
of horses, mules, &c, and was very credita
ble to the stock raisin portion of the coun
try, when we remember that this was but an
experimental efTort. On Thursday the ex
citement grew very high when the hour ar
rived for the trotting match to come. off. The
track, (a circle of three bundled yards in cir
cumference,) having been recently made, was
in bad condition for trotting, yet the horses,
both in harness and under the saddle, made
very fair time the winner making the cir
cuit at the rate of a mile in a few seconds
outside of three minute.
The fruits of the field, the garden, and the
orchard, were all to be seen, and in such size
as to warrant the saying that "ours is no
common country." But that that beat all
was a beet on exhibition ; it was so large that
twelve men could eat ib in three days. It's
a fact! As deserving particular notice, I
would speak of Mr. Guerrin's specimens of
grapes grown, and wines made, at Vinona,
Polk county. The sight of the bunches of
luscious grapes caused your correspondent's
mouth to water, but as he did not have the
pleasure of tasting them, he supposes that,
like those the fox in the fable saw, they were
sour. As to the wine lie was more fortunate,
having been allowed to "smile upou"a glass
of the "very best."
Another feature of interest was Knight's
Patent Rotary Saw Planing Machine, patent
ed by Gen, T. D. Knight, of this county,
which was tube seen at Ford t Harbin' Steam
Mill. The machine surpasses anything in the
same line heretofore patented, and is bound
to supplant nil others. .
On Thursday evening, lion. John C. Gaut
delivered an address upon the subject of Ag
riculture Stock-raising, tc., which was deep
ly interesting to all who feel an interest in
the advancement of our State iu wealth, and
of the people in the knowledge of the science
of agriculture.
Let it not be forgotten that there was a
party given by the young gentlemen to the
students of the Female Academy, (the seoond
session of that institution closing last Tues
day.) It was there, Mr. Editor, where mu
sic's low cadence and voluptuous swell melted
the heart to tendcrest mood, that maidens
fair, in proper sphere, resplendent shone. It
wns there that A youth of poelio mind, en
tranced by the beauty of his heart's queen,
said that "her eyes shone like purest gems in
enrth'e deep caverns bid, and the rose on her
bosom rises and falls like a star on the bil
lowy sea." Bradley yields the palm, in point
of female beauty, to no sitter county; yet au
impartial judge might have been long in
doubt in regard to awarding a premium for
beauty.
On yesterday, the Cth inst., the Oeoee Bank
suspended. The notice on the door says the
suspension is only temporary. Never in his
life has your correspondent witnessed such
excitement in rrgard to money matters.
Money, money, money, is all the talk. The
people seem to havo agreed to grumble, and
have all arrived at the opinion that,
"Tills Is a foot old world tin world that we lire in,
To lend or to spend, in hit or to five in ;
Hut to Ik-s; or to borrow, or to fret one's own.
It's the Jitrndent world that ever was known."
This morning the great Bakery establishment
of lleffenstvfHer it Co., refused to shell out.
While standing at the counter I saw a ten
eepl piece presented and a loaf demanded,
but the the senior partner, with tears in his
eyes as large as an aeorn, replied, "tish, too,
hash failed." O, the sorrow depicted in that
couuteuaneel Kever mny I see the like
again.
The Barber's Shop is still sound, and a deep
shave can be bad of Abner Bayne, who is a
very distant relation of "Sweet Ellen's," whose
name is wedded into song.
Yours, till the crisis is past,
Pktk Willkins.
fiT" A banker asked a young lady what
kind of money she liked best.
".Matrimony," she replied.
"W hat interest does it bring?" asked the
sharp banker.
"If properly invested it will double the
original stock every two years," she replied.
He concluded she wns a match for him,
but the rent is a secret.
Railways and Locomotives. The French
have a railroad brake, which is connected
with the engine, and under the control of
the engineer, and brings up a train very
promptly, but without any sudden shock.
The brakes are attached to each whoel of
the cars on the whole train, and the nower
is applied by an attachment lo the driving
wheels of the engine, which are also braked
up at the same time.
THE OCOEE BAXK.
from lb CkveUnd Clarion.
Most of our readers will probably be ap
prised befoie our paper reaches them, that
the Bank has temporarily suspended specie
payment. For the psst thirty days a run has
been made upon the Bank for speeie, which
wa met without faltering until the general
crash throughout the country dictated to the
officers that a suspension, for a time, would
be the wisest policy, as well for the commu
nity as for themselves. A petition from a
portion of our business men was banded into
the Bank on Monday morning, urging a sus
pension, and accordingly the doors were
closed on that day. Below will be found a
statement of the Bank, with the card of the
officers, from which it appears that the Bank
is amply able to meet all its liabilities:
Ocors Bank, )
Cleveland, 6th Oct. 1857. (
Jr Editor : Below will be found a State
ment of the Bank, from which it will appear
that the Bank has a sufficiency of assets to
meet all its indebtedness. The Statement
shows our circulation to be f it 6.9(H)
From which deduct note redeemed 80230
Leaves outstanding a circulation of (136,610
This amount of circulation will be redeem
ed whenever our receivables will enable us
to do so. Very respectfully.
THO. II. CALLAWAY. Prrs't.
THO. J. CAMPBELL, Cath'r.
Statement of the Ocoee Bank, 6m Oct., 1857.
A nets.
Bills and Notes Discounted 1238,408 57
State Bonds (Tennessee) 7,000 00
Endorsed Bonds (Tennessee) 46,000 00
Kxpense Account 788 28
Bank Furniture and Property 1,653 47
Due from Banks 12,904 18
Cash on hand, viz:
Our Notes Redeemed f 80,2'JO 00
Other Bank Notes J i0 oqg on
and Cash Items f 10,235 00
Speoie 18,088 05-108,613 05
( 415,362 55
Liabilities.
Capital Stock .
Time Drafts
Due to Banks
Profits
Reserved Fund
Collections Bank of Charleston
Circulation
Certificates of Deposits
Treasurer of Tennessee
ludividual Depositors
$180,000 00
2,122 Vi
824 00
4,182 98
26.6U2 1 1
2,752 26
216,900 00
8,799 81
1,402 50
21,685 97
$415,362 55
Ge. Haskell. The Louisville Courier
speaking of the arrival of Gen. II. at the
Asylum nt Lexington, says:
The formal dignity with whioh he surren
dered himself to the Superintendent of the
institution, and the native nobility of his
bearing, even under his mental derangement,
were sadly impressive. We are pleased to
learn that strong hopes are eutertaiued of
his early restoration to reason.
Mysterious and Fatal Diskass at Chicaoo.
We have seen a private letter from Chicago
stating that a mysterious epidemic, has broken
out there, and proved fatal lo many persons,
nil of whom were sick but a few hours. The
disease is said to resemble black vomit, but
the physicians have been unable so far to de
termine its real character. A large number
of cattle have also been carried off, the same
symptoms being presented upon them.
Government Rxlisk. The Administration
at War'iiugton hnve shown a good spirit for
the times in paying out coin from the Sub
Treasury. The elfeut has been very beneficial
to the money market. . By authority of Con
gress many enterprises were authorised in the
way of building ships', steamers, light houses,
custom houses, bo., and large appropriations
were made for these purposes. The present
is a most opportune moment to go on as rap
idly as possible with the various works, and
where nid can be extended to labor in this
way, it will afford substantial relief to a
worthy class of persons
5?" From the letter of the Washington
correspondent of the Charleston Standard, it
seems that Gen. Cass is resolved not to per
mit Gen. Walker and his troops to sail for
Nicaragua. This statement is confirmed by
a letter of the District Attorney at New
York, in which he instructs the United States
Marshal, that the neutrality laws must be
strictly maintained.
C?T" John Travis has married the girl with
whom he eloped from Saratoga recently. It
is said lie was "persuaded" to this course by
the close proximity of one of Colt's repeaters,
in the bauds of the enraged father.
The following from an old Mexican
camp song is quoted in referenoe to the new
ambition of Gen. Pillow :
" I hand my harp upon the willow,
Whenever I think ot Gideon I'illow,
The man who dust for Polk and Marcjr,
Ills ditch and breast-works vice versa."
Sell your United States Stock! Tho
United States Treasury is full of gold and
silver. It ows a debt which pays to the
holders only six percent on the par value,
and scarcely four per cent upon that rate, at
which the Government desires to purchase
it. The accounts from Washington sny that
the Secretary of ths Treasury will continue
to purchase at previous rotes, and pay the in
terest besides, lo the present time. The
person who holds this stock until it fulls due
will then get only par for it and six per cent.
in the menu time. Let him sell now nt n
premium and buy stocks that will surely pay
ten per cent, besides saving him the premium
on his United Slates stock.
Somewhat Severe. The Wytheville Tel.
egrnph, Democratic organ, comes down upon
ihe Richmond Enquirer, Democratic organ
also, in the following, not ovcr-compliincnl-ary
style:
Notwithstanding that Journal offects to
talk of the Democracy of Virginin as of its
private property, it can but know thnt its re
eent proceedings have excited in nine tenths
of Ihem no other feeling than that of the ut
most disgust. They have no idea of swal
lowing Hoitsism even though administered
bv the Kiinuirer. Thi.v Imm. 11.. .j;.,..
-j , ... . ' J """" HID IMIHMtq
emit no matter from whose mouth thev hear
it. They know it nnd detest it, and will
presently sweep it awny with Ihe besom of
ueniruciion.
Pat Your Little Bills Nothing helps
Ihe money market more than the prompt pay.
mcnt of little bills. It keeps up trade, keeps
money moving, helps the banks and oinkes
everybody feel good. When everybody
holds on to ull the money he gets because he
fears times are going to be worse, he helps
lo make Ihem so.
KrThe finind Jury ofCherokeo (ounty
"present a a grievance a game lately Insti
tuted, called crack-lw, believing it to be
more corruptive to the morula of society than
any game heretofore practiced."
Valuable Recipe. If you want to sleep
quietly, don't praise nuolher woman while
your wife is undressing for bed. '
The Ohio asd Kextuciv "Hon. rjgop
The Cincinnati Price Current, contains om4
interesting statements on this subject. J.
says:
Consequent upon thefinincialcriiarisin?
out ot the failure of the Trust Company U,,
feeling in the market for hogs, as regard,
contracts for future delivery, i.as been quite
subdued the last two or three Week;
though there were plenty of buyers nt o-j
for . November delivery, up to within Ihe luat
ten days of August and but few sellers, ,ttt
are now more sellers than buyers at n,,,
rale.'
Dealers and all Interested in the roti8i,pR
market ill always find it safe to rusums
there are, every year, hogs enough in
country; there may be less at one time tli,0
at another, but there is always enough to
falter, so as lo make a long hog crop, in rast
the inducement and the means exist tuoV
this.
In Kentucky we find over one million
hogs over six months old on the 10th ot
January, 1857, and in Ohio, if the incrni,
in the counties not yet heard from ja t,,
same as it is in those reported, there rt
2,1 84,326 hogs over six months old en ths
first of last April. Indiana nnd Illinois had
no doubt three millions ot this age on the
first of April, so that it will be seen Ilia sup.
ply of the animals is ample.' But then it j,
said, and it is true, that hogs are being swept
away by the "hog cholera" at a frightful rate.
This, however, is confined to a few localities
chiefly in the vicinity of distilleries, nnd we
feel safe in saying thnt the whole niiinher
carried tiffin this way for the year endin"
Dec. 31, 1857, will not exceed one hundred
thousand; or, even if it ahouM reach one
hundred and fifty thousand, it could nut di
minish seriously the number brought to
market. This will he obvious tu any person
upon the r fl clion that in Keutuek), Ohio,
Indiana and Illinois, there were over six mil
lions hogs six months old and upwards on
the 1st nf last April. We think we may as
sume now, without fear of contradiction,
that the supply of hogs is ample.
The editors express the opinion that, tl
things considered, there will be "a long hog
crop" and a large increase in the number
brought to market.
South Carolina Currency. The
Charleston News has the following notice
of the Banks of that State:
The Ranks of South Carolina cannot sus
pend. A suspension is made, by law, a for
feiture of charter, ipso facto. They must
pay through any run or pressure to the last
dollar in their vaults. Before this result
could be reached, with nil its disasters, the
people of South Carolina, who were never
freer from embarrassment, could and would
sustain them with such a large Hipply nf ag
ricultural product, equal In specie, and con.
vertible nt once into sustaining credils or
specie, that the resources of the Banks could
be realized to any needed extent.
(-""The Washington Union in an article
on the monetary crisis snys:
Th ore is no occasion for alarm or distrust.
but abundant and ubhling cause for joy and
i.'ratiliide. As long ns we can draw upon
the cotton-fields ol the bouth ami the lacto
nes of the East, upon the teeming granaries
of tho middle mid western States, upon tin
irold di'i'ositcs of California, nnd the iron
and coal deposit s of Pennsylvania nnd Vir
ginia, and as long as our industrial interests
are blessed as they have been, nnd continue
to be, in n remarkable decree, hy a kind nnd
beneficent Providence, it is quite likely that
the great mass of ihe people will not be se
riously inconvenienced by the money puiici
and money disasters of nny city iu ths
Union.
A Remarkable Curiosity. Anexchnnjs
says, "a few days since our attention was
called to the most remnrkable phenomena in
the natural world we ever saw. In a law
office, in this city, any one curious in botany
can see a fresh vigorous plant, now about
six inches high, growing from a common
wooden tobacco spittoon which is filled with
stumps of cigars nnd tobacco quids. Thnt a
tobacco plant should germinate fiom a piece
of masticated tobacco must startle the roost
credulous, and wo almost fear to hazard our
reputation for Yeracity on the point, but the
doubtful can be satisfied by calling a few
doors East of our office. This fact in tin
nature nnd history of tohacjo. being estab
lished, should be a warning to the mastica
tors of the weed to be careful not to keep
tobacco in their mouths during sleeping
hoirs, for they might wake up some fins
morning with a fine crop of tobacco grow
ing through the mouth and nostrils. If ths
growth should be rapid, suffocation would
undoubtedly be the result. Lovers of the
weed, heed the warning!
Always Ahead! It makes but litlls
difference how men fix up things eilhermar
ally, socially or politically, they find, sooner
or later, that the woman come out a head of
nil efforts to keep them in the baek grnund.
This is right, morally, very propersocially,nnd
sort o' so nnd sort o' not politically. That
is to say, iu this latter field, we ore of tin
opinion that men should be the only actors,
side conquerors, nnd "lords of creation."
This is the case generally, but we notice
that in Kansas, owing to the omission of tin)
word "male" before "residents," the Con
vention hns unintentionally enfranchised the
women, making them regular voters at tin
October election! Wonder if some man's
wife didn't help him draw up that Instru
ment! Atal! evenU it will put a stopper
to nil bachelor emigration lo that "bleeding"
country, until man is restored to bis origi
nal "superiority!" Col. Enquirer.
New York, Oct. I. There are rumaii
of the safety of Captain Ilerndon, of the
stemnxhip Central Aim-rica,
The number of ,vissengers who ore sspp1)'
sed to have been lost, in the Central Anwi'
ca, is now believed lo have been considera
bly less than eenerably reported.
Duel. A duel was fought near Levnn
worth, Knnsas, August 31st, between lht
W. P. Fain, of Georgia, Bnd Gen. Knsltm,
editor of the Leavenworth llernld. Weap
ons, rifles distance, 30 yards result
body hurt.
Sr. Louis, Oct. 2. (Jen. Denver, eommii
sinner of Indian affairs, hns just arrived frn
Nebraska, tie reports having made
factory treaty with the Pawnee at TW
creek on the 24th.
dipt Russell has arrived nt Ixlnpto".
Mo. He says the Mormons hnve fortiW
Port Badger, declniring that the U. S. Irooj
should not ptaa. He also reports that th
Cheyenne depredations are growing U"1'
aggravating daily.
New York, Oct. 1. Stocks are very much
depressed, nud in some cases hnve "'''J
declined.
"Strong Minded Women.-Nancy Pitcher,
PhebeVarney, Rosettn II. Kerr, and rer
tain other ladies nud gentlemen of '''
county, New Yrk, hnve issued a ri"'ttl"r
calling a convention of tho friends ofliuion
progress for the 24lh,25th and 26th insH.-J
Nancy Pitcher and her associates state !"'
their object is to gain a true knowledgj
Ihe nature nnd attributes jof man: liiao'
in the present and his destiny in the fatur.
The best way and very likely the
difficult of accomplishing their "t,J,cl
would be to got married.