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COLUMBIA.. Friday Morning:, January 17,1868. The Upward Shoot of Gold. , The New York papers are con? siderably exorcised at the extraordi? nary upward movement tu gold sinoe tho beginning of the year, in faro of tie immense gold disbursements of ike Treasury during the last fort? night. This advanoe has doubtless surprised financial men and specula? tors, as well as the general' public. The rampant gold gambling of the last few days is undoubtedly stimu? lated by the late vote by which the Seuate-thirty to seventeen-re? solved that it 'would not be pledged Against a fresh inflation of the cur? rency. Many of the "bull" pur? chases of gold :'on time" have been made either directly on account of part?as in Washington or cn thc strength of confidential advices from that quarter. Thus gold has been ??ashed up above 40 per cent, pre? mium; and it is now reported that ?John Sherman (Chairman of the Senate's Finance Committee) has de? monstrated in favor of a "moderate expansion." At the close of the year, gold stood at 133 to 134-to which point it had fallen ou the im? proved political prospecta, os indi? cated by the failure of impeachment and other revolutionary schemes. Bat, simultaneously with the meet? ing of Congress, last week, it began to rush upward, and has oontinued to Jtdvanoo, till Monday \i reached 141. Such an inopportune rise-as 8 per cent, in about as many days seems almost incredible. During all this time, too, the Treasury has been ?engaged in disbursing, as rapidly as ^vossible, the $31,000,000 (gold) due in January fer interest, ole.-a sum "which, it was generally supposed, would surely depress the price, or at least prevent the possibility of its rising. The cause r f this sudden riso in gold, (or depression of the public credit,) is evidently due to a fear of the actiou of Congress, finan? cial and political, and to reported propositions for inflation and finan? cial distraction, as well as of schemes for violent political disturbance. Be .eent movemeuts in Washington havo ^given enough color to these rumors io make them felt more widely than ?ordinary street rumors. People are ready to believe ulniost auythiug of a Congress, which can entertain such measures as have lately been intro? duced. lu this connection, we notice that a liepublican County Convention, at tho capital of In? diana, has unanimously resolved that the principal of all United States bonds, which clo not expressly spe? cify that they aro payable in coin, shall be paid in legal tender. In other words-that the Government shall, in a time of peace; fix and idter tho value of its debt of two aud a half billions of its own good plea? sure. -? ? ? ? A GREAT COUNTRY.-Another sec? tion ol' twenty miles has been finished upon the Union Pacific Bailroad. This completes the national tho? roughfare to the 540th mile-post, and takes the locomotive to within teu miles of tho summit of the Black Hills. Meanwhile, a steudy influx of settlers into tho region opened to occujxation and trade by means of this road, is giving assurance of futuro wealthy nud vigorous States. Cheyenne, the frontier city, which, six months ago, was unknown, has its churches, schools, hotels, thea? tres aud daily newspapers, and its shrewd business men aro iu active corrcspoudence with their neighbors at Denver, 100 miles to tho South? ward, respecting the construction of the branch railroad to that mining capital. The miners aud capitalists of Idaho ure discussing the project o? another branch to the North, and thc saints at Salt Lake, already within five days' ride of Omaha, are impa? tient even of that consumption of time, and anxiously await ita reduc? tion to forty-eight hours. In all Ihcsc iocai outerprises, which add to the importance and traffic of ' this great railway line, tho entire country Ls interested. America beats tho world. - A company of colored troops are quartered iu Charleston at present, but it is said will leave for the interior in a few days. Tile KcCtonatruellon ConTrnllon. . V - - ? , ?COMP jr/Ay. ?<?HARtiK?roN, January 15, 1868. The Convention was oponed with Ployer by B. F. Randolph, delegato from Orangebur'g. The roll of delegates being called, 109 responded to their names-so ven? teen more being present %han on thc preceding day. After Borne discussion os to mem? bers not having certificates of iden? tification, the ball-keeper was ap? pointed door-keeper until a perma? nent organisation. The body then went into an in? formal ballot for President. A recess of fifteen minutes was moved and carried, to allow the d?le gatos to prepare their ballots. At the close of the recosa, the ballots were cast, and on being oounted the result was as follows: A G. Mackey, white, delegate from Charleston, 74 votes; B. F. Whittemore, delegate from Darlington, 87 votes; Thomas J. Robertson, ?bite, delegate ires: Richland, and temporary chairman, 1 vote; James M. Rutland, white, delegate from Fairfield, 1 vote. Not a single colored man received a vote for the office of President. After the tellers had made their re? port, the temporary chairman an? nounced that A. G. Mackey, having received a majority of tho votes cast, was duly elected permanent chair? man of tho Convention. This was an error of which he was immediately reminded by sevornl delegates, who stated, simultaneous? ly, or nearly so, that tho ballot was simply an informal one. This being tho fact, and the chair? man withdrawing the announcement, a whito delegate moved that the elec? tion of A. G. Maokey bo declared unanimous. At the request of B. F. Whitte? more, white, the motion was with? drawn, and Whittemore, in a short speech, withdrew in favor of Mackey. On motion of Gilbert Pillsbury, white, delegate from Charleston, tho election of Mackey was declared unanimous. E. J. Randier, a light colored dele? gate from Charleston, then moved that a committee of three bo appoint? ed to wait on tho newly elected chair? man, and invite him to take his seat ns President of the Convention. The motion being adopted by tho house, tbe temporary chairman appointed E. J. Ransier, light colored delegate from Charleston; B. F. Whittemore, white Yankee delegate from Darling? ton, and R. C. DeLnrge, light color? ed delegate from Charlestou, a com? mittee of three to wait ou A G. Mackey, the newly elected permanent chairman, and introduce him to the Convention. In assuming the duties of bis office, Dr. Mackey addressed the body aa follows: GENTLEMEN OF THE CONVENTION: While I return you 1113- than UK for the honor that 3-011 have conferred on rue, by selecting me to preside over your deliberations, I confess that I assume the Chair with great diffi? dence as to my capability to discharge its duties. I can, however, safely promise a determination to perform the important task with the strictest impartiality, and with all thc judg? ment in my power. Tho position in which your kind? ness has placed me will nocessarily preclude mo from a general partici? pation in the debates of tho bouse, and will condemn me to silence on many questions, on which, if I wore on the floor, I would wish to be beard. You will, perhaps, therefore, pardon mo, if I take the present oc? casion, once for all, to defino my position and to express my senti? ments on some of tho great topics which are now agitating our country. The Convention in which wo arc now sitting is marked by two pecu? liarities, which have distinguished no other Convention that hus preceded it in South Carolina-peculiarities which domain! for it tho commenda? tion of every lover of liberty and respecter of human rights. Convened, as I contend it has beun-for else I had not been here? by competent legal authority, it is tho first Constitutional Convention in tliis State, in the selection of whoso members the ballot-box, the true palladium of national liberty, has been made accessible to every man who was not disqualified hy legal or political crime. In the call for the fivo South Carolina Conven? tions which haye preceded it, and which were held 1776, in 1777 in 1700, in I860, and in 1805, buta por? tion of tho peoplo were permitted to exercise tho electivo franchise, be oaus? slavery, that vile relic of bar? barism, bad thrown its blighted in fluenoe upon the minds of tho peo? ple, and, for the noble doctrino that governments were constituted for the good of the whole was substituted that anti-ropublican one, that they ware intended only for ibo benefit of ono class at the expense of another. Bot in the call for this body, every true mon who could labor for the support or fight for the defence of tho Commonwealth, has been invited to a representation. Manhood suf? frage bus, for the first time, been in? voked to convene a body which is to make tho fundamental law for all. Ibis is, then, truly and emphatically, a people's Convention-a Convention by the representatives of ?)l who have mind? to think-and tc? ' think for themselves, or muscio to work~and to work for themselves. ? Again. Io the five Constitutional Cou vo?tions held in the State, to which>I have already allnded, the fundamental law therein framed was made a finality. The people were ignored as a port of the body politic by tho Convention, which declared itself os possessed of despotic and irresponsible authority, and, in every instance, refused to submit its pro? ceedings, and the constitution which it had framed, to the people for their ratification.. This waa but a natural and necessary result of.'tho influences of the political sentiment that then prevailed. It was but,consistent that I those who deemed one-half of their fellow-citizens to be chattels should forget or overlook the manhood of the other half. But we, who in these days, when the rising beams of political truth promise, after so much storm, a brighter sky for the Republic, we who ?rc C??cig?ug ?rum that cloud of false opinion into the full sunshine of that truth, know and claim our? selves to be only tho representatives of the people. We arrogantly as? sume no final notion, no irresponsible power, recognizing tho rights of all men, of all races, the poor as well as the rich, the iguoraut as well an the I wise-of all men who make the State their home and identify themselves with its interests. We dare not pre? sent to them an organic law for their government, as something with which they have nothing to do but to hear it and obey. Our work hero is not to be considered us completed until the people shall have reviewed it and ratified it. Not we, ourselves, but they who sout us here, are to say whether we deservo the reward of a "well done, good and faithful ser? vants." For the first time iu the history of South Carolina, will the people be recognized as the true framers of their own organic law. Of such n Conveution, organized on the great acknowledged principles of De? mocratic Republicanism, I am proud to be a member: far moro proud to sit here beneath tho folds of that be? loved flag, which is this day floating from our roof, than I should have been to have been in that other body whioh met iu this city iu 1860, with no such loyal symbol to protect it, but which rather sought to tear UH stripes to tatters and to dash its stars to the earth. Yielding to none in sentiments of devotion for that flag of my fathers, and in abhorreuco of every senti? ment of disloyalty and treason to that Government, to which I owe a paramount allegiance, I yet Lave no vindictive feelings towards those of my fellow-citizens who were led by tho abstractions of their political leaders to entertain different and opposing sentiments-sentiments which I deemed errors, but which they believed to bo truths. I grant to them that liberty of til ought which I demand for myself. Hence, T profess myself to bc a moderate tuan. 1 am opposed to all confisca? tions of property, because the con? fiscation of all the lands of rebel owners in tho State can have no effect I iu promoting the welfare of that State, in elevating its political condi? tion, or advancing its commercial and agricultural prosperity. I um am opposed to any general disfran? chisement of the masses of the peo? ple, it is too late now to disfran? chise as a punishment for treason. Punishment should bo inflicted for the sake of reform. To inflict it now would be only to gratify revengo. I want, no moro disfranchisement, either as to number of persons, or as to duration of time, than is absolute? ly necessary to secure the safety of the nation, and if that can be secured by none at all, then would I favor a general amnesty. I call God to witness, that in tak? ing my seat in this august body, I dc so only becauso I desire to contribute what little abilities or influence I maj have to the restoration of peace and harmony, and for tho establishment of such n Constitution or form ol Government for my native State as will secure to every man in tho Com? monwealth nu equal share of pol?tica rights, will protect us in tho future from the errors which have led to om present unhappy condition, and will speedily rehabitate the State, as t constituent part of tho great national confederation. With this expression of my senti meutj, which will not, however, eon trol me iu t'ne important administra' ?ion of tho office to which you liavi assigued me, I am now prepared tc take my plucc as your presiding officer, at the t=amo timo invoking your indulgence for nuy uniuten tional errors that I may commit, am your earnest co-operation in preserv? ing the dignity and decorum of tbi body. The spA?oh viw frequently inter rupteuwith applause, and occasional ly with cries of "Hear! hear!" an< tho speaker took his seat among lone plaudits, having evidently acquitt?e himself to tho satisfaction of tin Convention. W. J. Whipper, delegate fron Beaufort, but a negro lawyer front Michigan, and ono of the most iu telligont members, moved that th? rules of tho United States House ol Representatives be adopted as thc rules of tba Convention. The motion< was carried. The thanks of tho Couventiou wero then unanimously voted to T. J. Robertson, white, delegate from Richland, for his services as tempo? rary chairman. The President laid before the Con? vention a communication from F. A, Sawyer, whiUi, a delegate from Charleston, resigning bis position, which was accepted. Tho rules were suspended, and C. J. Stallbrand, said to be a Dane, who once commanded Sherman's light (fingered?) artillery, wa? elected sec? retary by acclamation. N. G. Parker, white, delegate from Barnwell, but au ex-captain of negro troops, and since the war a resident of Charleston, and in no way con? nected-with tho District of Barnwell, offered a resolution that the Conven? tion should elect tho following addi? tional officers, viz: an assistant secre? tary, an engrossing clerk, a door? keeper, and assistant door-keeper, and ti rthr4T?lninf andi th?t tho o huir sbould appoint three messengers. F. J. Moses, jr., of Suinter, said that be was opposed in toto to that part of the resolution which looked to tho election of a chaplain. As far as he was individually concerned, he was opposed to tho services of any chaplain, and opposed to having these proceedings opened with prayer. The Truth which bad been hold so sacred in the past bas been of late so prostituted in all legislative bodies, that there was a great probability it would bo prostituted here, and in? stead of prayers we should have simply political harangues in tho guise of a sacred invocation. Fur? thermore) be held it to be incumbent upon tho delegates to have some rp spect for tho Treasury of the State. The people were poor, and where there were so many chaplains on the floor, ho thought it unwise and inju? dicious to add to the expenditure to be entailed upon the State by reason of these deliberations. B. F. Randolph, colored, of Orange burg, said he was strongly in favor of tiie election of a chaplain, because it was the custom in Congress, in tho Legislature, and, as far us he was in? formed, in other Conventions which bad been held. No ono on the floor could possibly more respect tho Trea? sury of the State than himself, but he could not respect it so much as to ig? nore religion and overlook God. L. S. Langley, colored, of Beau? fort, agreed with tho delegate from Sumter, that there were clergymen enough in tho Convention to open the proceedings with prayer, without taxing unnecessarily the Treasury of tbo State; and be hoped that they would be patriotic enough to dis? charge this duty to tho Convention ami the State, without drawing S8 a day for their services. It was finally agreed that the Chair should appoint a chaplain from among the members of tho Conven? tion, to open its proceedings daily with prayer. Tho motion to have three messen? gers appointed for the Convention hy the Chairman, seemed to strike sotnu of the members as an unusual and uncalled-for luxury. J.J. Wright, delegate from Beaufort, but an ex member of the United States Colored Troop, and a pure blooded negro, expressed Iiis opinion on tho subject plainly, and said he could not see tho uso of so many messengers to wait ou tho Convention, when most of tho members had been brought up to wait on themselves. Paul M. Poinsott was elected as? sistant secretary; Wm. R. Mitchell, engrossing clerk; E. Conway, ser geant-at-arms; Peter Miller, assistant sergeant-at-arms; Samuel Dickinson, door-keeper, and John Fitzsimons, (of Columbia,) assistant door-keeper. All colored. 15. C. DeLarge, colored, notified the Convention that bo would, to? morrow, move for a reconsideration of the vote by which Conway was elected sergeant-at-nrms, it having been proclaimed that tho person aforesaid was incompetent to dis? charge tho duties of tho office. Tho next election in order being that of messengers; one of tho par tics nominated was Alexander Bryce, Jr., a while man, of Pickons, con? cerning whom and whoso career in connection with the murder of Miles M. N. Hunniout, considerable dis? cussion ensued, in which bo was com? plimented and defended as a loyal man, who has suffered on account of his principles. On a ballot being taken, either of ? thc respectivo candidates failed to re ! ceivo a majority, and on motion of hi. C. DeLnrge, tho Convention ad? journed at 12 o'clock-midnight. THE COTTON TAX.-A. large number of tho leading merchants, manufac? turers and others, of Philadelphia, have signed a memorial to Congress, praying that tho existing tax of two and a half cents per pound on cotton, of tho crop of 1807, bo repealed. Tlioy say they believe that, by the removal of this tax, it will at once bring the cotton into market, and thereby relieve not only all classes j in the Southern States, but also the merchants of all our great commercial cities. _ A bill to provide for paying the national debt in greenbacks bas been introduced in Congress. BEWARE THE IDES.-Grant is going to thc South, say the radicals, asa new Crotar. Let him remember how his great original fell-"at tho foot of Pompey's pillar." There are many Pompeys in the South. lu fact, tho whole nigger race is ono great Pom pey-like statno that the radicals have erected. Let Grant bike caro that he is not sluin beneath it by the ides of March.-New York Herald. The 102d anniversary of the Ger? man Friendly Society-one of tho oldest, as well as largest in Charles? ton-was celebrated on Wednesday night. A bountiful collation was spread, aud healths were drunk in temperate ale to tho memory of tho fathers of the sooiety, and the long roll of its honored dead. The meot iug was numerously attended. MISCEGENATION.-The Yorkville Enquirer has been informed that a white man, lately belonging to the Gth Regiment, United States In? fantry, was regularly married in Ohectcr, to ? negro woman, on last Suuday evening. The marriage ser? vice was performed by a colored preacher. James Gordon Bennett, Jr., Esq., quondam the mannging editor of the New York Herald, and tho son of the "old man," proposes to commenco planting on ono of the islands in the vicinity of Charleston, in conjunction with threo or four other capitalists, this year. A little boy ten years of ago, named Jacob Bullach, committed suicide at his mother's residence, in New York, in a fit of despondency, becauso his elder brother had been sentenced to the island as a confirmed drunkard. At Fort Black Uiver, Clarendon District, on Saturday night, the store and stock of Messrs. McLaurin & In? grain, besides a quantity of cotton, were consumed by tire. Iuceudiarism. Gov. Bullock, of Massachusetts, in his inaugural message, refers to Gen. Grant as designed by Providence for our next President. Col. John Cunningham is seriously ill at Laurens, from accidental burn by a kerosene lamp. Just Received at McKenzie's. HEAL Havana ORANGES. Pg Fine Malaga GRAPES. Smyrna FIGS, in small drums ,and hexes. Fresh COCOA-NUTS, North? ern APPLES. GREENFIELD'S ROW, Jun 17 .T Near the Stat?* Honne. CHEAP. A FINE lot of PERFUMED TOILETTE SOAP, at E. E. JACKSON'S Jan 17 2 Drug Store. NOTHING. CALL and ASK for A POCKET CALENDAR. At E. E. JACKSON'S. 49* Nu Chart'?."?*) J;ui 17 2 CHANGE, rilli E stylo of our firm hereafter will be JL GREGG, PALMER & CO. J:u. 17 :; Tilos. 15. GREGG & CO. Napoleon and Blucher. AN Historical Novol, by MnhlbaclT! A Military History of Gen. Grant,by C?il. A. bolean, with Maps. Evidences of Christianity in Nineteenth Century, I?3- hov. Albert Dames. Gardeuing for Profit, l?y Henderson. Just received and for ?alu at McCarter'a Rookstore, nearlv oppoeite tho old Court l?ouae, * R. L. HEYAN. Jan 17 _ _ South Carolina-Richland Bistrict. John \\. Parlo r, Executor of J. T. Muuda, r.s. '.nu E. Munds el ul. I>URRUAN P tu decretal order of Chan? cellor Leacano in tho above stated ease. January 14, 1WK, tho creditors of JAM KS T. MUNDS are hereby required to establish their demands before nie, within threo niontliH from dato of this publication. D. ll. DESAUSSURE, C. E. lt. D. Jan 17 fl3 Vigilant Fire Engine Company. jT\, THE members of this conipa ~w -^S> nv will attend a meeting at SQaagpy Murray's Hall, THIS E VEN INO, at 7.] o'clock, for tho purpoao ol' enrolling new mcmbors. A full attondanee id desired, as business ?if i nportanco will bo brought bofore the meeting. Uv order: Jun 17_T. A. GARNER. Secretary. An i* ru nt Ion ?it tlic ukin, of thirty year's standing, which defied the hlull of tho doctors, ?as cured, in Philadelphia, by nsing Heinitsh's Qnocn's Doligbt. Flour! Flour!! f*(\ BRLS. FLOUR, \_)v./ 150 Sacks Flour; fruin best Family to good Super. Jun l > FISHER .V LOWRANCE. STATE TAXES. 0?> band, and for sale, STATE BILLS RECEIVABLE, for all dues to tho State. THOS. E. GREGG & CO. ?lau ll_ T? RENT. ?THE Jarge DWELLING HOUSE on Ir the South-east corner of Hull aud ^Sonato streota. Apply to Jan 10_JOHN S. GREEN. T!;t ii??-k..-r ?tts*4m?at| tho best Uni? meut for family uae; can be uaed internally and outwardly. It ia a great pain destroy? er. It kills pain and all kinda of aches* Sold by Fiahpr ft Hoinitab. _ Landreth's Garden Seeds. Alarie variety of frosh and roliable SEtiDS, just received from that-well known house of David Landreth fi Sons. YA'l.olcpalo and retail at Jan 1'2 m* E. POLLARD'S. Planting Potatoes. . (\ MILS. Tink Ryo Planting POT_ l\J TOES, jn.-t received and for sal? by Jan ld J. fe T. lt. AGNEW. CASH-PAY Ur.-Prom und after 'Jannary 1, 1868, the cash system will be strictly enforced. Persons who are now indebted for subscriptions, and who wish their papers continued, will confer a favor by paying up at once. Those who fail will bave their papers discontinued. Cash will also be required for all advertisements. Persons forwarding advertisements from a distance, inuit send a remit? tance. ?Job work cash ou delivery. The P/tonix Weekly Letter Sheet Prices Current and Market Report will be issued tins (Friday) afternoon. Those desiring copies, will hand in their orders as early as practicable. DIED FROM HIS INJURIER.-Jobs Xe?iy, tue post hospital steward, who was so badly injured several days ago, by a horse falliug on him, as recorded in the Phoenix, died yester? day morning. His funeral services will be held this afternoon, at 2 o'clock, in tho post hospital, inside the campus. ON ANOTHER "GRAND MARCH TO THE SEA."-It is intimated from Washington that the President is about to despatch Gen. Sherman on a missiou to tho South, iu order to ascertain the real condition of things there, and to report what measures of relief are necessary. EDUCATION OF THE HORSE.-Prof. J. P. Harper, who claims to bo tho? roughly skilled in tho art or mystery of overcoming the most refractory horses, .will give an exhibition to? day, at ll o'clock, in front of the ruins of the Court House. A spirited horse will be driven through tho streets, without bridle or reins; be? sides other opparently equally impos? sible feats. After the exhibition, a lecture will bo delivered, to which a general invitation to our citizens is extended. The Sumter (S. C.) W'ala? man speaks as follows of Prof. H. : "He explained to bis class, in a clear and comprehensive manner, the character of treatment necessary in handling the various kinds of horses, in order to meet and remove their various faults, ot the same timo ex? posing many popular errors concern? ing' tue management of tho horse. Mr. Harper is evidently thoroughly versed in all that pertains to tho edu? cation of tho horse. His system seems to be complete in all its bear? ings, and is remarkable for its sim? plicity, and for the ease with which be obtains the most absoluto control of the animal. I-Ixperimcnts with several horses here, of well-known faults, who were regarded as incur? able, or whose owners bad abandoned effort to remove them, exhibited tho ease and practicability of his system. He discards entirely the Rarey theory of throwing the horse and worrying him, as a means of gaining control, and acts directly npou tho animal sense. In a word, bo educates. Wo would advise all persons who aro in? terested in the management of stock not to allow Prof. H. to pass without availing themselves ot bis services. They will receive information that will bo of great value, r.nd that will enable them to control the most vicious horse with ease." "An Iowa editor received a pair of gold scissors as a Christmas present." Is it complimentary to give au editor scissors? MAIL ARRANGEMENTS.-The post office open duriug the week from 8,1.? a. m. to G p. m. Ou Sundays, from \% to 2?.j p. m. The Charleston and Western mails are open for delivery at 2 p. m., and close at 9 a. m. Northern-Open for delivery at 10'.. a. m., closes at 1 p. m. Greenville-Open for delivery at Z p. m., closes at 8 p. m. KEW AuvEKTisEatrii'TS, -Attention I?) tv.!. ed t? tho fellowing advertisements, pr.'.' liuhed this Uiornb.;,' lor ih<- flint wine: I'. E. Jackson -Soups and Calendars. Notice to Creditors of J. T. Mund-. New Books at McCarler's Bookstore. Frosh Fruits t McKenzie's. Thus. E. Gregg ?V Co.-Change. Meeting Vigilant Fue Eugine Company . TAKE NOTICE. _ ^ WE havo just rect iveil?A, ten crises Men's BOOT?.f 01 M| comprising all tho differ- K ?$K^pv nt ijualitics; warranted. ALSO, A full supply of Men's, Women's and Children's SHOES, ot all thc different qualities. Wc have also on hand, and aro prepared to make to order, every quality of fa'eu'a, Women's and Childreu's BOOTS, SHOES, ?O., together with u large stock ol French sud American CALF SKINS, LININGS. fcc, all of which will ho sold on a sruall advance on original cost. Give us a call. BICIIA?? FLAN IU AN, Jan 1"> 3+_ Bedell s How. llelnltsli's Itu? < ?i's Ocliglit, for Tet ter,|Piinpics, Blotches, and Eruptions on tho fice.