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Nashville union and dispatch. (Nashville, Tenn.) 1866-1868, November 24, 1866, Image 8

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canBiTOnftitute General Scmfliy
there must be represention of the entire
State. All the members needjnot be in at
tendance, but all must "have the right to at
tend. If there be not-aiull and fair repre
sentation, unless bj the willful act of the
electors themselves, there can be no consti
tutional assembly, A body, although styling-,
itself the General Assembly, which in vio
physical force or by unlawfully excluding
Ulexn, is in lati. UUli H UCUClill -rvoscmuiv
within the meaning of the organic law of
thisJState, I -
The 6nlV remaining point to be considered
is, whether the courts can, in the Adjustment
of private rights, take notice ot these uncon
stitutional acts of the Senate and House in
wrongfully excluding their members. And
here the authorities are uniform upon the
principle ipjolved,,although no decision, can J
be found uporftlie precise state d? facts. The 1
conns nave always saia mat, nowever re
luctant they might be to call in question the,
conduct or proceedings of a co-ordinate
branch of the government, ther would be'
guilty of a plain violation o-duty ixbey
failed to act in a proper case. They have
also always said that the enactment of Jaws
was the. province of tha. Legislature, but
whether a particular measureis in fact a law
must be determined by the courts. An. act
may be void because violative of some posi
tive provision of the Constitution, it may
be a nullity because not accompanied by
the constitutional ifortnsi jlWtnay have tall
the fconstUutional' formf" VWcri detVniffie"1;
its authority and yet be held invalid be
cause, in reality, not passed by the General
Assembly. The decision of these points falls
clearly within the jurisdiction of the Courts
To pass an "tact is one thing, and to decide:
ing on the citizen, is another. "When the
invalidity iturns upon, they conduct of the
legislators themselves, the task of the Court
is indeed a very delicate"rone, and, fortunate
ly for pur country, without many precedents,
jfn one of tlfeorthwesterri'Siatesfl-beljeve,-it
has been judicially decided by its Courts
that an act appropriating avery large body
of land to a railroad was void, it 'being
shown that a majority ro thp'e voting in
favor of the measure were bribed. If it
were made to appear that t supposod law
hadlneyeqbeeng'Pascd by t h ejG en ! r alEAs-'
sembly been tfraudnlehlly In-
serted in the statute books by the combined
action of the speakers of the two Houses,
and the Secretary ol otate, can there be a
doubt that the Courts could pronounce the
supposed law a nullity ,?'TurleV8. Coonly
of Logan, 17 sec, 157- . -
If only a fraction of the Legislature, with
its tSfficers wereown tb Have "forcibly ex
rJndcd the rest of the members, and settim?
themselves up as a Legislature, to. -liave
passea and published "what they pleased to
term laws, can there be as little doubt (hat
the Courts could and ouelit to nrouounce
the (so-called) acts invalid? And can there
be any difference in principle between these
cases and the ono before us ? I can see none.
The body which undertook to pass the act
now under consideration had ceased t be la
Constitutional'General Assembly by its
wrongful exclusion of a number of the reprc-
. . rjl 1 - rr- 1 1 J 1 I .' - ?j
seniaiivcs oi me pcupie. iu huiu uiiierwisu
wouuTba-to. put the pconloiat
. the mercy .of
a dornihrmt 'faction, and make (he Courts,
which ought to be the impartial administra
tors of justice, pliant tools of injustice and
wrong. Laws to be binding must be the de
liberate act of AregularGeneral Assembly,,
fairlrepresenung every rtfortion f fthe?
otaie. All the representatives, as a nave De-
fore said, need not be present, but all must
have the right to be present. If any mate
rial part of them are wrongfully excluded,
itwouldnot.perl.ap3 bagqicg.toOj.fat to fay.
JH&TO ncSw,arV -JlHsyw
heMpfTnTjone onhenfUS wrongfillly ex
cluded, the body ceases to be the General
Assembly anq 'becomes aa'ttinauthorized
If lam correct in the foregoing reasoning,
the act in question is simply null and void,
andlallfacts'done under jittillegalf jj 4
TH pr8rfer office of a mandamus is to en
force the performance of ah" official duty,
and it wilnqt lie to compel an officer "or
other person to d& ah act 'whith it' would
not have been lawful for him to. do without
its command. (Johnson and others vs. Lu
cas & Ga1therir Hump.; '"SOOTTIt there
fore becomes the duty of the court to dis
miss the petition of the relator with costs:
HIHtnry nnd, .
The Freetown's Journal says ; If we
judge by certain precautions now being taken
by tb(
card the
tre that there will be fighting in Irelandthis
year. THebrdriance officers are buiily put
ting Beggar's Bush Barracks in a state of
defense.-? ThO walla surrounding it are bei&g
strengthened in many places, and flanking
projecttonsj'With numer6us loop-holes com
manding the various points from .which an
attack might be made, are being constructed.
Similar preparations for defense are in
progress in several military stations through
outlhe' provinces, there being a large num
ber, of men now engaged strengthening the
old fortifications of Athlone Castle. With
respect to the preparations on the part of
the rropolitan police, they principally
consistin a diligent training of its various
members 'in the use of the revolver,1- all
those not on duty being drilled every day
to the exercise of it and the cutlass, which
they are to carry 3'uring tile injfer as in the
The country constabulary have also got
orders to" perfect their drill, and at tie same
time to redouble their exertions to trace out
and apprehend all strangers and suspicious
characters whose movements are doubtful.
From these facts it would appear that. the
name of James Stevens is - sufficiently pqw
erful to create alarm and disturbance in our
minds Sf Ihe' government authorities.
There are seven hundred and fifty paper
milhUirfictive operation In "the. United
States. They produce .two hundred and
seventy million pounds of paper, which, at
an avorage of ten cents per pouml, would be
worth S27,000,000.
M2.'jRyiNG, a .tenderly susceptible
"jognhing" offprty, residing at;Calais,
Maine, has sued William B. "King, of the
same place-and the same age-foV breach
of promise Thejurjdid notf agree as to
the damages.' ' ' ' ' " '
.1 i r ' ' ' r ' t
The, it&ry 'about the drowning of 3,000?:
Cretans'in proves 1 to be
TLerem'noUide in Caodia.
a canard
rf-; 4t
military anu , police; authorities, m
em thatyhe do not totally alisrc
assertion of the famous Head Ccri-
Gold is still low and unsettled,
Iffi&ol 113!
closed at 13S at 4 r. M. There are only
small amounts offering in our market and
brokers were paying 13713S, and ask
ing 139.
5-20j Rcsbtered.. 100106
. " Coupons -.-....-..t 118 HVC
. " 2nd .series; KeRisterwt..- i&Y12
' " '-' Coupons.......... V&MX&
at " " iuojs eiw
t " New issue 107k107
lO-tO's 2- 99V 6
3d - wy&mx
1 London advices of the22d tfnst., quote
o(M rfil t.:i. ; f i r v. An
previous. .
Currency has become easier and ex
change on the edsterffciTies is taken at par,
and' is sold by the banks at J premium.
The uncurrentorion'ey-irade'israflier dulh
Tn-inpiNSSell Tkf4 BkflTe
nessec has become quite firm at 4junS
ahd 4748c selling. PlanterDank has
hpmmR vprv srarne nnd is Tnonpht at 82c and
ha onlrl fit S3 TTninnlin1rJnnt nrp nnl !n
W UWAA WW Bawavw w - - -
quite SO'much 'demand as those of the Plan
ters' Bank, and they may be qudfcdai7'7c
buying and 80c telling.
Southern Bank notes ,generally are very
dull and but few of. the banks are in any de
mandamongy,our Brokers.
; Tlten;i3seldom any thing doingjin cutj
liailroad Stocks. Louisville and Na3iville
Itailroad Stock is wor?h"iocj while the Nash-
i i ... .
'w,fi,,i V-,, rr-n-?i J 0..-1- 5-
vine anu unaiianooga rwuiroau oiock. is
worth aboat 3Qd; '. '
South Nashville Street Railroad
v I.
may be quotedat Goc j -I
Tennessee,.bondi old. jnNew York .oa the.
ond. fr.llr.ii7c- 5R nflfl nAw nt 7f)r nnd
,-.y. .W..W..W. -
on Monday's prices.
, The New York Journal of Commerce re
nhrts tlie recfeiDfstof sVeciem lhat t)or from
fforeignfporu?, from theust owjanuary.to the
31st of OctoJq.r .at 5S,422,099, while the
ceipta from California amount to S3o,G27,-
244, making the total receipts $44,050,243.
The exports to foreign ports during the same
period amount to $55,489, 740, showing j
loss since the 1st of January of $11,439,497
The Jonrnal of Commerce says: "There has
been a Eleady gain in specieisincejthe losej
of June, each succeeding inonth having
each succeeding" month navinj
shown a balance in favor of the receipts.
The loss from January 1st, which was nearly
thirty millions at the date of the change, is
now reduced to eleven millions, ard will be
nearly wiped out by the close of the yearj
unless the shipments shall again increase.
Thlsiislalfarbetterresult ithanj "could ;havej
been anticipated, and is one ot tne nest lea
tiires of the financial prospect"
. The New York Tribune has the following
"Money on callls G7 per cent, and brokers of
eeod credit and ample capital have been free
fmrrowers at the latter rate. The leading lendors
of the street to-day put up their loans to 7 per
cent., and few are paid off in conseauence. Uur
rfency is scarce among the banks, and a. good deal
of shopping has to be done when large checks are
called for in cash, and that, too, by banks report
ing the greatest strength in legal tenders. The
banks, as a whole, are not in a position to expand.
They have too large a proportion of their capital
mr) rlenrmt invested in United States stocks, or
lpaned upon them, to permit them to go to the
-nz,iA'nf'trftr1nrfl 5n'mtin- tirovisianirtlrv rood.'
or stocks, and relief can only come to borrowers
by selling tho commodities they aro holding on
speculation by borrowed money. As affairs now
stand, borrowers and lenders alike must concede
tiit wo fim nnnn thft summit of the inflation
wowing out or the -JtlfbeUIon"l?UolNti6nBll
UanK navo cxnausica mcir power 10 issue cur
rency, and tho Secretary of the Treasury has
commenced to destroy thelepal tenders by which
National notes aro redeemed. As ho is able to
continuo this process, and at.tho same timq ttj
fund and pay off short currency debts, it follows,
as a natural result, that tho banks and the bor
rowers of the country ranntreduee theirliabilities
in some proportion to tho withdraral of tho legal
ttndersupon which they are now. operating. The
Treasury Department fully controls tho money
market, and through funding and payment is
steadily working back to specie payments not so
ftst as many desire, but still to -a degree which
should teach people prudence about making new
engagements. The buying power of money in
cFcases day by day. as all can see who will take
the trouble to'read the prices current ef th$ pro
ducts of the country," whether froint!,c soil or
frm manufacture. Congress may legislate in the
direction of expansion, and so defer for a short
time the resumption pf specie payments, but peo
ple will do welL not to be too sure of this, and to
keep themselves as much out of debt as possible.
In commercial paper little doing, call loans hav
ing a decided preference with lenders."
The New Yorjc Herald has the following
in its money article of the evening of the
20th instant:
Tim hpun continue their efforts to civo the
money-market apappcarance of activity and, to
exaggerate ino Fomcwum uuuuij icciiuKt nuicu
prevails amongmercharits.jn consequence'of the
dullness of trade, into We of apprehension,
irvillr. however, the dullness ia mercantile
channels is more favorable than unfavorable to
speculation in Wall street. , nut even supposing
IDero snoum DO commercial imiures ui impor
tance, as the bears would like to- make believe,
there is no good reason why they should react
nnnn thu Rtnrlc Exehencrc. Durincr thatianioof
last spring in England the commercial commu
nity felt its influence but.vcry lightly", Jtfwash
stock and bank panic as distinguished, from a
general crisis. Tho following official returns of
tho export trade of tho United Kingdom for the
first nine monttis.Qi mo prcseni'yeai.anora com
plete evidence that; however, much monetary in
stitutions way -have suflcreit. tho- mass, or the
mercantile body escaped without serious injury,
an inference yustincd by tho absence of more
than a very few failiircs'among merchants at tho
time and. subsequently':
January 14.354.718 June 14.630.120
.February 15.116,063 July- 14.S57.S34
.Marcti..-. llfim,x August...-,. i,ou,iao
April 15,366.414 fieptcmber- 16,071,078
3Iay ' 15.870,131 ' '
Total 141.M6;S3S
In the same rtertod.of 1S65 the.total .was 119.-
717,:577. ana tniSOllSi,4Uliibi.- ' "
If. therefore, a financial panic like that roferrcd
U failed to involve a commercial rcralsion, it is
easy to see that had the panic been a commercial
mtia It vMStvlit AAnnlltf V m vn r!l n fni civwr) una r
financial crash also. The argument hdlds asTsobdi
nere as on tne otner tide ot the Atlantic, and a
panic among merchants, if it took place, would
by no means bo likely to involve, depression on
'the Stock Exchange. Indeed, tho very contrary
would probably bo the aase ,But wo arc aaunv;
lag a very remote possiouiiywnen wespeaK 01 a
commercial panie at the present time in this
ble in
Voiuracree and trade of tho nation are now resting
bn s safer hxis tha.n ever before. hepauA thn
rvoiunre or currency in circulation, -mice -'witii'its
ogainstVtightmbney markct'and a foreigri'drain?
The mercantile community are. generally speak-
mr. prosperous, and trade li only (lull now so ui
as it contrasts with previous activity. In solitary
n stances failures mar take place oninr to over
radinj. but there is no real dancer foreshadowed
H. ears on
i ft r t
co3oiEircCiC' ixtellT5excb:
We have to report a decline of one cent in
Sthe cotton market yesterday, bales were
made at 28. 28K 281 and 29c, the market
closing dull at 28 ic.
Ihe transactions-were-about the same as
'the day previous and foots up as follows:
Received - - 3i i
Shipped -29S
Sales ... 161
We understand that there is considerable
rorapjjaintjin- respect,tpflip4irj(n -cotton.' tie,
,and.16that$many pjantershgf.have triej
report unfavorably.ThejbandSjthey.Kvji
nre,,!! unfrequently -of (different lengths,
and the loops do not liLrightfor placing-the.
bale.in close and compact form. It seems.to
hsjt doubtless will, . .
A number of our cotton i.factors,are corny
piaiingtuai pjaniers uo noi use a sumcieni
width of bagging to protect the cotton com-
wenty-five cents per pound and is sure to
ell for that amount With the cotton, while
iliesavirig'-mfght -be eevefalpound46fliiif3
in the courserofishrpme'nWrohi'ashville to
NetvYork orewdrleans 'Lli he plan
ers-use plenty of bagging and all parties
Jvill be satisfied., ujf r (m
The stock of cotton in Liverpool on the
BtK insL was 631,000 bales, of which 19Q.00Q.
cicukc :wmm ? rn;'f r
. The grocery market during the last few
Hays' Tias been tolerably fair. 51611 oaf
wholesale merchants haveon hand very fnll
ockr,f anibarB s doing a. very goodtrade.
tWctnoUcQ, especially dn the line'af family
Eupplies-an .excellent demand.
j Fioipi Js .firm, .andjfia'gpodjdemand.
(The supply is rather short. We quote from
Sll toS15 per barrel. . An excellent. crade
and quality can be purchased at the last fig-
Sugar Has declined J cent on nearly all
Coffee Has declined about one cent per
pound in the last week, and is now quotable
.arfAm2Tfo29c,: ' V 'v
. Salt Has declinedetSL5c in the last few
dyas,'and is now selling at $4 per barrel
jThis decline is the result of rivalry between
'different dealers. Salt at $4. in Nashville is
heap; and it is not probable that it will
Tcmdavery'longouotable"aj;Jhatlfigure. t ,
, -OaVbles renw-selling at i9jf(320c
for 12 oz. weights.
; Lard Is quiet at 19c
Bacos Dull at 18c for clear sides, and
0 to Cjforjtountry-iams.f j
Dried Fruit Is dull, and 'the receipts
xc materially fallen off within a short
limenast.k WSrireraowQuotinEriatf follows-!
lipples 5c per pound; peaches, unpealed,
10c per pound : paledl22i&m , ,
Nails Are- nfwlJuiraP $825 for 10d.,
Hvith the usual addition of 25 per cent, for
smaller grades ,,,,,, mi, v;
: Baggino 37c for Kentucky.
Rope 22c for machine.
' "Zj ' z: IZZ'.Zkf
Knstivillc Grocery and I'roilncc jlnrkct
The following are the quotations :
' Eiona, Extra- superfine at S105011 super-f
line S10 5011 U0. extra 512 Jin; tamily 5H63
15. and fancy 515 00 8 00.
I Wheat. $2 202 25 for red. $22 10 for Med
iterranean: $2202 SOfor amber and golden chaff;
2 35(32 40 for white.
f Scoas. No New Orleans sugar in market; Cu
ba 14l$15c; Porto Rico 15lCc; Demaranvl7
IScs'C. extra. 1617c: A. coffeel718cr"stand-
ard hards is4(3il9c.
k CorrBE. Common to good 282D; fair to prime,
SOKc; strictly choice 31c,
Uacoji. Vcrv littlo in the market, and demand
tight. We quote: sides 1920cr hnms, plain.-
nn ,nr 1 I 1 . -1 r
iAygtaci f iiuuiucrs, twnu
Lakd Tierce 16J--kegl8c
. CisntKS Star, light weight, 2021c: summer.
S6 50 for sixes; S7'50 for sevens; p&raGne 4045c.
Salt; 7 bushel barrels 4 25.
s Yarss. There is an active demand for cotton
yarns. Prices have an nnward tendency. We
nuote 24c for seven hundred; 2Co for six hundred;
JHc for five hundred.
" Raos.-Good country cotton rags are in demand
at 6J7c. per tb.
Dacca and DriisTdFFS, Aloes B lb, 75c. Alum,
8c. Assafoctida 00)75. Borax, do. Brimstone.
roll. 8c CamphorSlfi0.. Castor Oil ?. gal S4 50
5 00. Cream Tartar, lb. 7590c. Flor Sul
phur. ll12c. Ipecac, fjS 00, Gum Arabic, $1 00
150. Jalap, sm oo. isx. Logwood, 2ic. Jiag
ncsia. 75S1. Madder. 2225c Oil Peppermint,
7iiVaR.Vl. f nil, in $11 fXVai2 50. OuiVksilvir..
1251 50. Rhubarb.. $7 00. Sal Soda, 1012J4c.
Saltpetre. 2025c. Sugar Lead. 75.
t sathkbs Live geese, in, oowui.
Fisn-Maekcrcl No. 1.&S24: do.Noi2. 2223:.
do. No-3, 20K21; half bbls, 1011; KiU $3.
GnAlx. Corn in storo 55SI 20; Oats, clean 60.
rtisntpicn Oinffnnrr V4tti)Oi c w
Glass Window. 8x10 box S7 25: 10x12 S box.
Stocks of Colfec.
" Tlhe.NjwCjtrkTinies reports coffcc,dull and"
ilroonlnir. andJodcls:' "Theiweelc's',eceiDts.of
Jr. . ' . - I ' A fS JL ' 1 ' kinnlr ut 1
jllio nave Deen ,ooi)-oags ; rues ,wu oags. ciws
tn hand to-day of all kinds of coffee, 57,530 bags.
including, -.according, to Messrs. -Wiottt&
&bs?Rlo' cdffel.bVgs Java Mats; -i53l-
bags; Ceylon, 1,204 bags; Maracaibo, 4,436 bags;
Laguayra, 9,654 hags l and of other descriptions
9,787." The following will show the stocks of
Rio onhand atthe several receiving porta: s
lisn unciuir, uaga...............
Baltimore, bags
New York, bags-......... -
Urand xotai.. ...
i AcpcsTA. Npv. 20j The downward tendency of
tinued up to Saturday evening. Yesterday (Mon
&ay) morning, there jas a, much better jfeeling,
and liolders were firm- In their demands for
8132e. for strict middling. The sales since our
weekly, report was made up arczeso Daies, ranging
from 2S?j to 32J4" cents. The receipts for the day
are 363 bales. Agood feeling has prevailed m the
market throughout the day.
Maco.v, Nov. 21. Cotton markelcontinuedfirm
throughout -the day.- -with a further advance of
He. Good strjctmiddling and strleCmjddling held
at 28c ThereceipU'dunng thc past week were
lighter-ihan for, severalwecks past, andftfontinue
light sofar thercsent-weeki ' 4tt' '
There ,is no change in the.
bilesTmjdgs.lfeaA-5 y, VU'
I .MOBILE, .ov, si. sales oi cotton loraayjuug
crades since Monday morning. Prices now,
rantre fronf 14 to 1 c per pound:
bales? lloFaradllrfg 303lo.: V MiaafinslSE
T? SHfiK?iiuU 2 d2jrawardltcndeney.il
f Wo5f5iT Kail 21.JSher5 MUMhltWr
reeling m the market yesterday and cotton was
firmer at2427c4.bayctjayineitax.
Cotlou sfovcmerits nuti Prosjiccts.
JS4?5lne5pisiJSntiTc perinflund intcoUpn
uurinFtBe nail three weeks haltlSltfTan ini-rrai.
ed export demand, though the clearances have
seems to have'beeu th result nf VnntinliArl Ha.
iressionin tue Tnstiaiacturiug disrrlets of Enz-
ana. tne unsatislactorv stat&ot J rail h in thnnxvU
inarket,,and better crop rerjorts from th,et South,
the con'serrhirve1 estimates haring been" Slightly
increased under l.tte-.ihil more nflrfiilt-knrvv nf
tne wnoie iieia. me Heavy ram of bentcmber
were succeeded by unexceptionable- weather for
maturing anu picking in UctOher;. and. while the
crop in sections ol iexas. louijlnni, Mississippi,
and Alabama has suffered-- KOd.deal froncworms
and rains, the accounts from other, sections fore
shadow a better 'yield than had generally been ex
pected. That tho crop will fall' below I he -earlier
estimates there is no good Jcaion to. doubt, but
nuiu an lue iuiuf uiaiivii uciuru u3 iyq incline to
the belief tharltjifill not Vary" materially from
2,000.000 bales.
JMeil lir-jtUers x Uo assume, from ther -general
tenor of the letters from their, correspondents,
who have been over the ground. thSt ''there is no
longer any dancer -joT the yield: bcinr. less than
j2,0W),000 bal w.jimd with A eood return from the
ncu Skiver, it uuca uoi unpeuir unposdiuie inai
these figures may be exceeded." Whri wo conni.
-der that everything connected witheottoti'culturo
Vit tho South, this reason was experimental, the
production of even 2.000JKX) bales may be. consid
' 1 .1- 1 . . ., 1 V f
ercu iu suuicicnt iu ucmonsirate me success 01
free labor, and tq encourage tha belief that but
few years can elapse before thaante-wnx crop will
bo reached. "The freed men arc gradually Dilant
ins themselves to their changed position, realizing
mat irecaom aoea not mean immunity irom labor
and gaining a better knnwlmfirn nf thn rplntinru
"which ought to existbetween their employers and
themselves.- That therneccssarv labor can be eas
ily secure.dibr"the seeding and cultivation of a
tnucb larger area of land nextseason than, during
ho present, there is every reasonto Believe, and
iiuiiu uutunatui-irmuiMuuKra nicrveuiu, we
feel assured of a subitantial'increasefih! the yield
bf 1867 over that of tho current year.
Considerable speculation continues jlqbe in
dulged with regard to the -probable wants of the
Various countries, the supply and ruling' of prices.
Oreat Britain and other foreign countries, in 1859,
took 2.965.341 bales of American cotton", aid 771.-
p00 bales of the growth of East India, Egyptian
and otner countries making a total ot 3,730,341
hales. Our Northern States, it is, estimated, took
frO.OOO bales, and the Southern iifcd 120.000 bales,
together 850.000; making a grand total of 4.586.341
bales for the world's consumption. In sneaking
bf the future .demand. Alr.DelJow, m his.lteviewk
tmncstnar manufacturers win require 0,500,000
balcs.inJ867. viz: 4.000.000 for Kurone. 1.240.000 for
theJJorthcm apdi250jOOO for tho Southern Statesa
This istobeenppli5dfrom' the-' ouT Wurcesa
United States......... ..... r 2.000.000
East IndieS..........i:........?..'....:......i... G00.00O
BraziU..'.iv.-ti4 ..i.ES.-lq20.00a!
igypt - - - 300,000
Total 3.030.000
1 .This calculation results in,a deficit of morajthaq
2,000,000 from therequrcnient of manulactur.erti
?The rodent fe'dnetion in price is ascribed bv tho
feamo authority to the large stock on band and' Vrr
route from India, to the amount hypothecated and
to English expectations' of a- great crop in this
country. These are expected to pass oway, and.
men, me reviewer says,.ino coutnern planter, oy
liolding his stock, can make his own price. Xhe
quality it is claimcd, will average ."low middling."
or "good middling." which now nets about twenty
cents. This, of course, is a thoroughly Southern,
.... 1 - J ; .-'11. I ,, '. 1 . ' , - ...
estimate, ana is naoia ,io an ino; quaiincatipns.
which attach to theltatcmcntsoTparties in South
ern interests . . -
The growth or the staple in the East seems des
tined to bo curtailed, for a period, at least, and
our Southern Cotton" is-pot to ,be,ljvjillyj sup
planted by the Indian staple in Lancashire, after
'all. Just now India is suffering from one of those,
.terrible famines' which occur there periodically,
Iconstitnting one bf tho chronic miseries'of that
country. The present distress seems to. have
been; to some extent, the rcSult of a very extent
aivo diversion of laboi from tlie production of the
neccssaris of llfo to tho growth of Cotton.
;Th,crc has been, during the $ast five years, a
Cotton mania in India, resulting from the high
,price of the staple which has attended. lo dimi
nution Of the Americansupply.and fromnn eager,
speculative desire to take advantage of the de
pression of Cotton culture in tho South to estab
lish the Indian Cotton" interest so firmly as to
defy competition and secure the benefits of a
practical mononolv. But the distress which has
coino upon that densely populated country, would.
gSeemtq indicate a strong probability that the no-''
cessiuea pi mo inuaouanis anu ino irregularity QI
its seasons win aDSoiutciy par xnuia. irom a long,
'persistent or successful competition, with the.
South in Cotton production, if -the .opportunities
of the latter, outside of natural advantages, cir,en,
approximate equality,
English journals arcj3iscnssing tho expediency
of artificial'irrigiitidn InIndia to conlncnsate for
the absence of theoieedful rains, and the distri-t
ibution, under Government direction, of stores of
grain to correct local deficiencies. Butnowhcre,
in the cotton-growing regions of our country Is-
..there the least need for tho adoption of any such
costly and cumbrous system,
ihe nrosDects of an increased sunnlv from
2?gypt, on the other, hand, aro good, tUo.toUliyicM
of that section being variously estimated at
500.000 to 600.000 bales. This supnly will arrive-
very opportunely iti Ihe spring, to add to the'
waning stock nf Indian Cotton, and supplement
,the prospective moderate' supplies in England, of
American. But, as snori ns a readjustment of
the labor system is effected", and the losses and
wastes of a-foaryearswar'orff r&Sovcrcd. our
Southern States will, without .doubt, bo-.mastcrs.
pi ,me situation,, to lar as rcgaros uo que;tion ot
cctton supply.
' ITAelnn lnn WnlrMf b
From tho CommerciaT Bulletin, Nov,17
Thn flniir marlcrt hail Keen ?nmnlptftlv llnrHIifl
py the largo current receipt, andLbusincss is alii--.
. -i i . ' , l
must wunuy ai a eianu, if uu rates nuuiinai huu
tending down.. The stocks' rinwhere are" in excessf
of tho-e UDnn any other Doint on the seabonrdf
and with a little further decline," in the shfprinp
krades'ttis quite probable that an active export
movement would spring up.
"The decline thus far has been principally in the
jcom'raon' red wheat grades, which are coming fdr-wai-dln
great abundance, -while tho choice -St.
Louis brands are comparatively Scarce, and- held
nt about nrevious rates. Wheat continues id very
limited supply up6n the seaboard, but micipts
arc-now" liberal in the Western markets, which are
unsettled and fluctuating.
Receipts of flour for the past week foot up an
aggregate of TO.OOObbls. ''
Boston. Shoo 3Inrkvt
rrouiiiuo v.uui
bf interest.
FromitM CdmmfertiahBnlletin, Nfifi7.
'd sSoe niMkct cxhT
m -l f -f. . . a i T-
blbitS no
iTrade from first harfdjluf very auicc
anu connncario smau lots jorsoruns
ir sort
up shocks:
"Wcstenf orders. In tbehandg of mShufncturcrsT
hre mostly filled, and tho seasonable production
Is'reduced to a very 8mall.compas.-Tho continued
inild weather has tho'-cfFecttd delay the'-distribu-
tion ana consumption oi gooas; out fiocks in tne
hands of tho trade are moderate and will all be
wanted.5 ? r ;" , . . A . r
Ken Xork. Money and Stock JXnrket,
New .York. Nov 23. The Pet money article
lay. "tho recent flurry on the Stock exchange is
now for thanrescntarrested. The losses entailed'
on the unsuspecting 1 operations in stocks must'
navo been immense, and tne total-losses, of the
past week are computed at-not less than twenty
milliondollars. To give temporary case, in, the
existing financial pressure", Mr, Tan Dyck has this
'morning decided, thaftho payments of debts due
mo Treasury may be mado at option of payer in
compound notes at -par and interest. The loan
biarket is heavy and ' lcs active nt 7 ner cent-
There is, evidently a.sxiperab,undanee sf idlecapt-d
taltal there; has be'eo Jofj&QQnp firaa risvn"u;
tatisfaqtory employment for their balances.
SU JLotils Blarkct,
ST.Xorfr!t. Tfov. 23. Cnfton dnTI nt 2ft for-mtd-
dling. Flour unsettled and- 'withrful taatenal-j
cnangc. wneatarooping, prime tan we2 ks
choice old yellow'and white 94. 'Oats lower
at,5054e.' k
Provisions drooping. New 'mesa pork $23 75; '
elear'sides 15J; Jsuuar cured Hams 22cv '
Cincinnati Market. B8i
. V..-- tyy Tl-,,11 nnA V.t.f M-
UrrHninr-: Kunprnnft S10 00310' TS.tirn nnchancred.
new ear 50c, old being ia llght'supply was" held-i
urnv at wet iorcar wj-snye- anu. ana -prices
Iroopisg; iNo. 1 SV 18. '.Barley dull, choice fall is
W rlAmttnrl at 51 7A -St-, 4' ' - , -t i . -d
Whisky-steady at34o in bond.-
1 Howtdnll-iMd djroopipK .atS7 6
ReccipfT35.m Jreen " meats .d.ull
ifil at
$2U" Bacon
ft for
.viiKucrna uuiiiuu,pncestoomtnai excepttng-in
iyufci.uu uuii at 3ouc
Cheese 15J4. Flaxseed $2 50.
Gold 138.
IjOuIntIUc JInrltet.
LprisyiLU, Nov. 2i.-Salesvpf.70 hhilatobaeo,
with a slightMeelme n?3ora'mWltigs7
Superfine flour $9 259 50.
tPnnw Wheat, tTrn6Id."a9(toi-'n-ew,ear
Mes.tork $22 00s baeo'n shoulders 140; clear
Raw Whisky $2,2. . .,,
Sr'cw York pry GoodsrhrltcjtL'" A
fiKK- aobk. Nov. 23. Dry .good. continue
sicaay. notwanf tanaiog the nanic in W ailtrset
and the decline in cotton. There is. himwpr. Ip-n
confidence expected in tho continuatiouof prear
cntttatementjiivthemarkrt.Jind any hour may
see further concussions in-prices and a falling off
sniiue .aemana lor cooas. jobbers" prices
IteBtown SbeetinKs-AppletiinUAOJic: Peperell,
Kct d. R. 214c .
Bleachcd Sheetings Wamsutta; 37Jc.; Rascog
gen, 29c; Ballue,27c-
x-rinis vocuero, iw .A'acinc. lly-sc,,;, ,Aieo,
Ticks Hamiltdn.
do. D. 32ji t!licfc-
-Tho wcather've.-uterday wasfpleasantbut 'caol
afid'chilly.J"Tbe river is fatluig, "with fief
scah'onjjho s'hoals." ' The foUowinr is our port
listc ".. . x -" -
' ' L " , ABETTED. ' ":li, .
teamer.David JVhitefew Orleans' 4
" -Lexington,.St.Louls. -.''
r. AnnaWhUe-SULlulV'..' , . '
FannVlSran'deis, Cairo.. .
- Gen.Sigel. from'nrttie;-riyerV' K -'
" ' ' tfEiRTEn; "'',
Steamer Anna.'Whjte, St. .Louis. t
Fanny Brandies. Cairo, Memphis.
Business outho landing yesterday war'd&il.
Freights' are scarce, 'anif 'nVer men aro expecting
rather .ddlljimcs: ;W??ala?rlta2alnat th Louis!
villo andasnyille. RaUrpn'djs.actuallycarrying
freight at a sacrifice, in opposition toHbe''Hver
'JftK- ii.K2-4. de4 of cotton wmhpwevcr..he.
sh1ppeMby river. an7dttier frligM
It will be seen- byour amvaUSthat the fine
steamer David White is l'p from New Orleans.
This is tho first through .packet pf tho season.
Sho leaves to-day" for New Orleans with a trip of
cotton" and miscellaneous freight.
ine uenbigei, trom unthe river, brougbtdown
a few barrels of oil and eightor n'ino hogsheads of
All tho arrivals and departures yesterday wero
1 light. . - r-'
A new line of steamers, under the niMftSmrncnt
of-'Capt. Davfdniitc, has tjeen Irinej,'-to ran
regularly between S ' jis" ann this bortx Ths
AnuaWhte. CapLjE, 4lth, willVeavo St Louis
every 1 ucsdayj the o. G, Blackford, Capt w oods,
every Thursday J and the imperial everjrSatux-
ThefpwilL bdja super-abundance of; tunriase
from StiLouls td7ashvill j,and if wo mistake not,
some one will lose.
A St. Louis paper remarks as follows in regard
to. thejCumberland river traijeu. , , , .-
.This trails hasrbced op'ened withalargor sup'ply
of tunnase atSt. Louis than has been usual here
tofore. The Cumberland is at a fine stage from
the? mouthto Nashville, and beyond, o, that, all
othcrleohsiilerations belni? fnvnr.ihti-- BtMiTfhnart
wlllJiKavefor some tiwc to 'come.no. reason to
complain, That there is. or will be, this season;
enough business to keep In motion, tho. 'boat al
ready announced as receiving at .thfs port for
Nashvillci is very doubtful, to say tho least. Cap
tain David White leads off with a regular line.
Captain II. G. McComas will make a hard fight
no aouoivffiiu tne Aiexington, a. side wheel ban
1. T 1 1 I J. !-.. . , " mi ... I
n uicuiia aas gecurea incommanu,
iwctt, a tyqu siern waecicr,
John Doylel is ann danced l
on Thursday. The Anna hite and Lexington
will sail tp-day.-in.the somewhat interesting role
of compctitors,nd?we presume the Littlo Hock
will be pitted against ono of the naekets-of tho
White Star Line. From what we have- seen of
tnese contests heretofore, we believe that some
body is going to lo-e money in the St. Louis and
Nashville trade. TJie"Qnjnb,crland is free, how
ever, and as a boatmatiireinarlced. " no hn.it irnlntr
to Nashville can take in the river -after her."
lendid payenger jteamet Havana, tho
iPioneer boat of tho Cincinnati and Nashville
iPacket Company's line, is advertised to leave for
lCincirinatipndi5ermediato poUitsDh Tuesday.
No clqfergr Bcntlcnicn than Cast! Marsh! jfcrk
and Johnnie Miles, the clerk, can be found upon
amy steamboat. Gentlemen wishing a most
pleasant triprlo Cincinnati will fin the llavana
Just the boat-to afford 'such trip".
For "Memphis, Vicksburg,'
NntcUcz, aud Xew Orleans,
Clerk, will .depart as above, and
intermediate landings op Sntnrdny, 21th
inst., at 12 o'clock if.
Jtror J: reight or Passage, apply on board, or to"
nARRI0N & SONS',! An,,
For Evansville, liOUisvillc and.
-- steamer IIAVAXA," Marsh
.f!r Afsfi.1. .lnniriti T. Afrrro
iClerk, will leave as above on TUBS-
AiAitnzith inst., at 12 o'clock .
i-ut iicijiui, ur nppiy n niaru;ur 10
COttltHTT.fr TtnVTV Atrnnf.
,nov24r3t 21 Front sfriot.
For Padncah and Cairo'?'
(Connecting at jCfcdrt with RttrlBacketsfof
.ucuiinii.", .xeir uricuns, nuu ci. Aiouis.y
Packet FANNY BRANDEIS. rlfc!lZ
Jouxy.CABiWKiCHT, Master, Jas.SSI.
r AllLUtK. UlerKi will leavo 'as "T" "
above on SATURDAY, the 24th inst., at 10 a. m.
Through tickets to all-the above points.
CORBETT & BOYD, Agents,.
21 iront. ;tree,U
23 Front, street.
For , Cincinnati.
will leave for the above, and all inter-hu-
mediate-Landings on nturt!ny;tho S4tminlK
at 10 o'clock A. v.
For Freight or Passairo. apply on board, or to
. i, HARRISON it SONS. Agentsj
, nov23 td .4 - 21 L'pper Levee.
For Cairo and Si. Ionis Iircc(.
X Steamer, ANNA n llITU, T. It. L
TiTT nR Mnster. will denart as above. dl
Ion Friday, the 23d inst., at 4 o'clock iv m,
For Freight or Pawage. apply w
IIAIUSUW- & iSUiNO; Agents,
.nov23 td
23 Lppor Levee
For St. Xouis.
rnrtR rwtft attd ELEGANT
X Eidewhecl Passenger and Freight!
Hfj-amrr. I.l'.XIXOl i)Si li. G. Mc-cfti
CnuAr. in rnmraandi trill leave for the above, and
.all intermediata Landings, on FrlUny, the 23d
inst, rat 4 o'clock r. sr.
ior rreightor rassage, appiyon ooaru to
. . .
nov23 td
23 -Upper Levee.
For Iiouisville andCiacinnat
Direct, . .
X AndiCincinnati Hacket, Company'
Stanier.irAVA3A: MXnSBCCARg.i
2lXer.r 'Bathe?8' Clerk, iil leave-for. the
above' and. intermediate points-oar Saturday,
IftL. OltU- dv'Alvnlr n . ,
oi. AnexMiiio
in commanu "uj-npti
or Nashville. tff'leaVa
7.e '!" 'V-'- .'FEEBLEB., Agent, y
at at noy22-St4 Cor. Broadiand Front ? ts. :,
Feiuay. Nnv-iS.
-The Sena
met pur
o.v in the
sdantjjo adjouTjjmcajl
tin a call of thtytpll seventeen members an
swered to their nanles."
and ap
proved. --
The Committee ofFinonoe and AVays and
Means, offered- Sciiato joint ruialution.No.,5, as
on the 7-10 interet of the Government of the
L nitea biAiesiinnisnanasr ana invest ino pro
ceeds in the bonds of the State of Tennessee ; and
that he also, on the umlnrity ot other coupons of
said securities, collect the same and invest the
amount-to iCuHecicd in. tha bunds o( Jhe.tate of
Tennessee, andlhe said interest coupms when so
colletcAsnalhbelyiui, aa a.jiart.of the
of'Mr?'Hfllsrk.;"the nifes'weru sus
pended, an'ip-tho- rcsalutlontwa taken up and
adopted, and ordered to be transmitted to the
House. - --ilr.
Cabbioan presented Senate bill 2o. 431, as
-An act to-repeal an actpa3seu May H. 15-jtj, en
titled an act to establish a, Metropolitan Police in
the city nf Mem phis t
WiihuKas, Xho officers, of the Metropolitan
Police, of Memphis have, nnfl are constantly
making heavy- demands upon the Treasury De
partment of the State; and
Whereas, It ii uniust and absolutely wrong
to tax the people ofthe State Tor tho maintenance
ofa police force for said city; and
.Wjir.ntAS. The Treasury Department js. scarcely
able to meet its legitimate demands; therefore,
Je it enacted bv the General Aeil'lr of tie
State of Tennettee, That said Mli with all amend
ments, be and is hereby repealed.
lie-it further enaeted. That this ast stall take
effect from and after its passage.
The bill passed its first reading.
-The following' communitatkn. in reply to an
inquiry of Senator Gabrican', was submitted with
the bin:
'NAsrtvlLLK. Nov. 28. I860: Hon. J. C Oarbi-
o4x Sir: In reply to-yohr request ot this date;
x nave me nonorto ouertue ieuewiwr receipts
and disbursements on account of tb Metropolitan
Vnliftft.of Memnhiit:
DisWramenti,.CctdWl86iL- .--'-S!8.0S3 33
.aovemDcriseo js,vs -it
DisbunemenL', ChattEnooTS Pbllec 3,147 86
Aggregate expenes... 57.2J6 65
'Nothing has been raid in the Treasury by the
police of cither city. K. L, Stasvukd,
Mate Areosurer.
Mr. BASSO!? tffierell' the following resolution.
wbieh was adopted under a suspension of tho
"JteiokSl, Th5f'thS tafcJTr.easrirer. as Superin
tendent of Publie Instruction, report satisfacto
rily, the disbursements en account of clerks and
printers' fees, as reported byhim generally in his
report of November 21st. 1S86, to thfs day.
i . . .it . v. .i .1 -
of the resolution was postponed until to-raorrow.
On motion of Mr. Bossox. the rules were sus
pended, and Senate bill No. 420, for the relief of
the bandhalder&ithe.-itate. was taken up.
KThe following amendment, offered by Mr. Bos
sox, was adopted :
He it farther enneteit. That it shall be the duty
of the Secretary ofkStAto to apwtbe'bookof xj
cejpts for the bonds of the State issued by tho
Gbvernor of the State, so as to show the different
classes and series of bonds in tho order of their
issuance, with anindexA and it shall be hi duty
iu uepusii lue urigiu&iAU luo vuicc ui iuo wuifj
troller of the State, and that the Comptroller
mako publication of all such bonds cancelled, de
scribingwthem tfulljv- tho ,inumber, daio and
amount? iff".,?.
The bill as amended was then passed upon its
third and last rending.
On motion ofiMr.KNSBK,.Scnatbilft No. 40S,
to amend me charter" of the TcmTse and Pa
cific Railroad, was takes up and passed its sec
ond reading.
On motion of Mr. Hxr.t. tho Senate adjourned
-until 9 o'clock to-morrow.
.HOUSE.,, ,
Feidat, Nov, 23, 1S66. The Houfo was called
to' order at 9 o clock,, Speaker Ili.miLl. in (he
ilr. LEU.TETT, presented a petition signed by a
largeriurdber of the citizens of Dav
lason i
asking thktan appropriation be made toward the
establishment bf a State Orphan Asylum. Re
ferred to a select committee of six.
Mr. Jakvis, from the Committee on Elections,
reported in favor of tho admission of Mr. Davidson-,
member elect from Jackson county. The
report was adopted, and Mr. Davidson was ouali-
. ficd and took his seat.
, JVIriDQ.VALSQX introduced a bill making appro
priations for the current expenses of tho Session,
Referred tQ Finance Committee. ;
Mr. Asdkeso.v, cfilamillo ,'ntroduCe 1 a bill to
amend an .act incorporating tno city of Cba'.ta-
,nooga. Passed and referred.
Mr. RicnABns introduced a bill, whiehrpawed
'first reading, incorpprajiing the. Memphis Iron
" Manufacturing CohipSny. '" '
The bill authorizing tho city of Nashville to is
sue cupon bonds to theamount of half a million
of dollajsfor the purpose of constructing new wa
terworks, passed second reading.
- The business ofthe dnyhaving beeo completed,
tha House adjounied"nrinl ten o'eiocK- W-morrow
, morning.
Bankers and Dealers
Gold, Silver, Gbvernment
Stocksrand Compound
Closl'iisrl-rJCcH'TliW Day ' '
V. fL Bondr. 1S8J....-112
Registered 5-20. 168
Coupon 5-30 '62 107
" 6-SB?"64.&.106
5-2Qs '65...-J05
New issue 5.20s-i-.107
. n ,n. ivil
Lomp'd int. votes ,
June, '64.114
T..1-. V.I -11-Jl
" Au.r '64.1I4
" Oct.. '64.113
! " " '64,11
" " May, '65.100
" " Aug., "85.108
- " Sept., 'ffi.197
" " Oct., - tW
GoM " 1S7
vqupon iu-K-..-w.'iii
Aug. 7-SOs with int. 104)4
June 7-Ja iw
July 7-30T " - 104
Small Bonds Vf nr. ct. 1M
Tennessee Bond
now.70oiSilver -.128
Al.o. hiirhcst mice nald fnrall kinds of Southern
Bank Notes. Sec pries list, furnished whoa de
sired. ' - ...
Deposits received, and Exchange furnished en
New York, Cineinnati,. Lau'ujvillc, lemphis,
England, Ireland, FraiiboJ and' aUpart?of Ger
many. Corpocatiox Chkcks cashed at the best rates.
OFFICE, corner Union-ami Cherry streets.oppo
site Bank of Tennessee.
Office hours, 8 a. k. to 5 r. m. novlO 3m
Thompson's Restaurant,
Corner College nitcl Union Streets.
4 Y V the pnblitf that he has last fitted up and
opened an elegant liestauram over nts swoon,
where gentlemen, Hillfind at all time 'not 'only
the best the home market affords, but also the
fident of beliir able to n lease customers.
Fresh Oysters 'received dalljt served ia any
style, h gamewarsgnh
nov-tf. Proprietor.
J. LUMgDElT. & CO.,
Findings, Gurners' Tools,
j- . ' i
aly!3-tf .
Offices? 'West s!d3Publi0 Square, rner 'Of
College and Dpaderick streets OP-STAIRS.
JanZI lyt " '

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