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Iinoioille Witthh Wh$ ;mu brnnitlc: S&Icbivcsban, u(n QS, 1873.
HV; & (fjirnniric. HHomvillo Wlilif tstiilill.lieil ls:l!. knoivlllol hniiilili' t st 1,1 isli. l v;o. Pl'Ill.lSHKn 11V TUB WHIG AND CHRONICLE COMPANY. wm. nnowyLow, r.iiwi t:,;nr. TERHiOF M'HM KIPTIOV. One ooiiy.one year one copy, six Tnonthn Ten eoi'K', .trie yer Twenty cipie. one ye:.r.. i 2 f 1 en , ir ( ,-n n WEDNESDAY, JULY 2S, 175. Jetlerson Davis has declined tlie Presidency (if the Texas Agricultural College, with thy proposed salary of four thousand dollars. The I'rra and Herald remains silent on the currency question, al though wo have respectfully called upou .it to define i t position. Of course it doe .not mean to remain silent on so important a question. Senator .Sargent, of California, suggests the name of Seuator Freiirig- buyseu, of New Jersey, as the next Republican candidate for President ."senator I-reliughuysn is one of the purest men In the nati-m, as well as a man of large capacity. Were lie cho seu as President Grant's suec-isor, the eouutry might implicitly rely upon having an honest administration of the law-. We commend tlie sentiments expressed tu 7'Ae Ayr of yesterday, on the subject of our Xortheru fellow citizens, a being thoroughly orthodox. The time otic- was when the Chroni cle stood a:mo-t solitary and alone in dealing justly with this honorable clats of our population, bur now there iseaiCelya paper in the State that does not approve of the policy we have all the time advocated. Elsewhere we publish from the Union and American, a list of Com missioners, appointed by the Governor to assess the value of Railroads of the State for taxation. It will be seen that these Commissioners met at Nashville yesterlay to take intocotisideratiou the schedules filed iu' the office of the Comptroller, and to transact such other business as may come under their jurisdiction. It is a very impor tant meeting, and oue in which tax payers are more than ordinarily inter ested. The Sweetwater Enterprise has a correspondent "Kambler" who has been to Knoxville and formed a poor opinion of the Lntiied states Court in general, and Judge Trigg and the oili cers of the court in particular. It is possible that "Kambler" may be a special friend of Thomas G. Boyd who figured in that court s:.-me time ago, aud that he is still smarting over the fate of that gentleman. If so, Lis an tipathy, as above mentioned, is not strange. We presume, however, that the court will still be held, and that the energetic officers will continue to bring o Mender to justice, aud such cases as Tom Boyd's will certainly meet with punihmeut. The meeting of Presbyterians in Loudon, to which allusion is made in our dispatches this morning, is oue of the most Important Ecclesiastical movements, and oue of profound inter est to that great body of Christians iu this country. The movement is to bring all church orgauizations holding Presbyterian doctrines, and using the Presbyterian form of gvernment into closer relations with each other. It originated with Rev. L)r. McCosh, of Priuceton College, who, very appropri ately, lias been choseu to preside over the meeting. Dr. McCosh has taken deep interest iu the matter, having visited Europe some time ago and made speeches in its favor. The friends of the union seem to be greatly en. couraged, and hope for success. A few weeks ago the Directors of the Agricultural College of the .State of Texas tendered the Presidency of that institution to Jefferson Davis, with a salary of four thousand dollars per au num. That gentleman refuses the position thus tendered, and gives as his rea:')n, that the Directors have 'overrated his ability," and in the consciousness that lie could not per form the duties of the office, he "de clines to accept it." We find much in this course to commend. It was a piece of sentimentality unworthy of the managers of such an institution that led them to select him, and he no doubt feels so himself. His prestige in the Southern country would no doubt have attracted a larL'o number of stu dents to the institution, but Mr. Davis' education has uot beeu of the character which fits a man for so re-potisible a position, and in declining it he has set the Southern people au example by which they may he profited. Presidents and Professors of Colleges bhould be se lected with reference alone to their skill aud ability in the art of giving iu- e'.ructiou. BaowNLow saj g the most popular act of the three last Legislatures of Tennttsee iu its adjournment nine die. Tlie most popular act of Brownlow'i life will be to turn up liia Xota.ShilbyvUlt Commer cial. We are aware that such an event as that hinted at by this little souled, empty-pated Democratic editor would be bailed with pleasure by Lis kind, Imt we Lave not been in the Labit of oing things to please such fellows. CONTEAC- A great ileal is being said in politi cal circles and through tlie newspa pers about "expansion" and "con traction." A good deal is said that is not understood by tlie general pub lic, nor by those who are talking or writing. ov there is one sort of " expansion " which we favor without limit, and when we talk about it. every one will understand it. It is this expansion that made the Eastern States wealthy, r.nd by which they now have all the money they need. They have cfyxoiiV't their means of production, so that they produce two dollars where they consume one. Lndcr tuts process it is not strange that they have plenty of money, an it we in the ou:n were to ito the same thing we would be in the same con dition. They have expanded the ca- pacity of their soil, so that farmers make a large profit on their invest' tnents. They have expanded their manufactories. so that they notonly supply themselves, but they sell us our cotton goods, our hard ware, our watches and clocks, our boots and shoes, our needles and pins, our hats and caps, and a thou sand other things too numerous to mention, including, as we sometimes say, wooden nutmegs." e in the South, on the contrary, are "contractionists. e produce one dollar and spend two, thereby contracting our purses at a rapid rate. We send our walnut lumber to Bos ton and buy it back in the shape of furniture, with a heavy per cent, add ed, for labor, freights, and profit. We pay freight on our hides to the East em markets, where they are manu- factured into boots and shoes, and we bring them back, paying freight on the manufactured articles. We send our raw cotton to the East, where we pay a big price for having it manufactured into prints, &c, and then we pay the freight on it back to the South. AVe contract the produc tive capacity of our farms by running them year after year without a change of crops, taking from the soil all the time without adding anything to it, so that it becomes poorer instead of grow ; . 1 . r 1 mg more productive. 1111s is a cor rect statement ot the question of "contraction" and "expansion," and in that view we do Jiot hesitate to proclaim ourselves in favor of un limited expansion. Let us expand our means of pro duction : expand oirr incomes, and contract otir expenditures, so that the former shall all tho time exceed the latter, and soon we will have no rea son to complain about hard times. If every man in the South will resolve that for the next five years hu will produce more than he consumes, and will carry out Lis resolution, the cur rency question will be settled, and we will all wonder that there has ,been any controversy about it. Tiik position assumed by the Dem ocratic papers and leaders in Ohio on the financial question is not merely in favor of an inflation of the currency, but an open, bitter, dishonest war upon men of property in this country. The most violent, intemperate and un just denunciations of " speculators," "bondholders" aud "capitalists," form the basis of their harangues. They are not intelligently appealing to the reason of the people in favor of a policy they honestly believe to be conect, but they aro inflaming their passions by intemperate attacks upon tlie moneyed men of the coun try. They are arousing the working classes against capital and sowing the seeds of the worst kind of civil strife. Gen. t'ary, who has boxed the politi cal compass in a recent speech at Xiles, Ohio, acted the demagogue completely. lie had 110 argument to oiler in favor of his party platform on this question. lie only appealed to the passions of his hearers in the fol lowing style : If the Democratic party does not go into power to urr-;t this villainy before the 1st of July, lST'J. I would advise you to put your house in order, for wide-spread mise ry, disu.-t'.-r, and ruin are inevitable. If you l.ave purchased a farm or dwelling-bou.-e, anj owe one-third of the purchase money, lose no time in persuading the niortguge to tuke the property off your liuotls for what you owe. Mechanics, miners, mill men, laborers what advice c:in I gie juu? May God have fnercy upon you and your dependent families. Your and their destination will defy description ! Such speeches are criminal. They are communism barefaced and dan gerous, and the intelligent Democrats of Ohio must protest against such speeches or their party will Bulfer. EXPANSION AND TIOX. GET READY Foil THE CENTENNIAL. We eery frequently hear tho ques tion asked, "Are you going to the Centennial Exposition next year ?" The reply is almost invariably in the affirmative. We hope as many of our people will go to Philadelphia as pos sible, lint this is not all. While we want to see our people in attendance we also want to see spee no ns of i i;r gold, iron, copper, zinc, maiiile, lead Ac; of our wheat, corn, rye, barley, oats, potatoes, woods and forests Men and women have tho power of locomotion and can go if the' have the nione, but the specimens we have mentioned must be sent through the enterprise, energy and liberality of the people. On the first day of January next, the Exposition buildings will be opened for the reception of articles for exhibition, and closed on the first day of April. On the 10th of May the buildings will be opened for the re ccptiou of visitors. This time will soon roll round, and it is time we were asking each other the question, l.H'l. A. . miao are you going to send, or what will you assist in sending to the Centennial ?" We hope no one will be so insensible to the position of East Tennessee in that great fair, as not to do something. If we no there :md find East Tennessee poorly rep resented in tlie exhibition we will feel humiliated, and will be doing our sec tion an injustice. Unless we bestir ourselves ami make a respectable show, we can not see how our citizens will enjoy them selves while visiting Philadelphia. Instead of being pleased they will feel mortified. It is quite important that all should go to work at once and do something in this matter. If the public press is tetbe credited with giving expression to public sen timent in Tennessee, the feeling of the people is overwhelmingly in favor of sustaining the public credit. Hie failure of the State authorities to meet the July interest has called forth al most universal condemnation. The Legislature, which was the most un popular body of the kind that ever met in Tennessee, even before this failure, is now denounced in strong terms for its utter incapacity to deal with the great questions in which Tennesseeans are specially interested. Some Democratic papers, prominent among them Tim Jye of this city, have expressed the belief that tho Governor and other members of the Financial Board are inefficient. We trather o from all this, that the people arc sound on the question of protectino- the honor of the State. With this state of feeling we shall expect a Lc - islature next summer, capable of deal ing with this question in a more intel ligent manner than it has been treat ed heretofore. It would be a misfortune for this country if the conflict between labor aud capital should ever assume such proportions as to form the dividing line between political parties. It would result in a conflict that would do no class any good, and might bring reat injury upon the country. We have said before that such a conflict is unnatural, and therefore unneces sary. Xone but the vilest dema gogues would seek to stir up such an issue. In this cotiDtrv where tho mn. jority rules, labor can always protect itself in a peaceable way, and capital is always able to take care of itself in times of peace. We have no respect for the man who seeks to degrade labor to tho level of abject servility nor have wo any patience with the demagogue who seeks to inculcate into tlie minds of the laborin" peo ple, ideas of agrarianism. All the trouble between the two classes is kept up by men who have no sympa thy for cither. It proceeds from lazy, improvident fellows, drone bees in the great hive of industry, or restless nondescripts on the one hand, or dis. honest tyrants on the other, neith er of them being true represen tatives of the class to which they claim to belong. We confidently be lieve that all differences of the kind alluded to may and should bo bettled on the basis of reason and humanity, and that they will be so if hollow hearted demagogues will only keep their mouths shut. Joha V. and Joel II. Baker, of Lime stone Cove, Carter county, stole a horse from G. R. Jackson, of Knox county, Kentucky, who followed them to their Borne, aud the young men are now in jail. ABOUT LIFE IXSURAXCE. Persons who take out a policy of life insurance ought to read carefully all the printed stipulations in their policy, and in the printed preliminary documents. The papers on the part of the companies, are drawn with great care by shrewd law3-ers, and are inten ded to give the company every advan tage growing out of tho carelessness, negligence or indiirerenco of the as stired. There nre a great many pro visions printed in the blanks of the company that seem immaterial to the inexperienced, but recent decisions of the Supremo Court of the United States, and Stale Courts show that the tendency of these courts is to construe all such documents rigidly, and to hold the assured to the strictest nccounta bility. The theory upon which these courts proceed, is that even admitting that tho contract of assurance is one sided and harsh, yet every man has a right to mako a foolish contract a one sided trade if he wants to. If an intelligent' man, after reading a blank which says that every fact ho states about his health, his habits, and those of his great grandfather before him nre true, and ijnurtutei:d to be true, goes on and deliberately answers questions about himself and his father, mother, nnd sisters and brothers from the time they left their cradles to their death, without knowing whether he is strictly correct in every state ment, he ought to lose the amount insured. Blanks are made for jnst such careless people' and life insurance companies count as legitimate profit all they can make out of such foolish persons. We do not know that any one has a just cause of complaint against In surance Companies, for they have a right to draw their contracts as rigid as ticy can. But we feel it no more than right to suggest to our readers that those of them insured or contem plating insurance, ought to look well to what they sign, for they need not expect much relief from the courts when their heirs set forth the Jinrsh, unequal, and unfair terms o'f the con tract. If a man 'jmnuttn-n that his brother died of mumps when he was six years old, and it turns out that he died of heart disease, at sev- en.nnd then stakes his chances for get ting the amount for which he insures upon the truth of that fact, his heirs have no right to complain after LU : leatli, if the company refuse to pav the money, because the brother died of a disease contrary to that guaran teed. The folly consisted iu signing a contract, the fulfillment of which on the part of the company, depend ed upon the literal truth of every fact stated, no matter how immaterial. If men will sign such contracts, insur ance companies will prepare them. But when we all insist upon such im material and unjust provisions being stricken out of life insurance papers, and stipulate that there shall be no for feiture in these contracts.cxcept when there are intentional ctforts at fraud and material misrepresentations, then we will force these companies to a more liberal policy in their manage ment or to retire from business. EVADING JUSTICE. It begins to appear that the great American thief, Boss Tweed, will really escape punishment. Our read crs arc all familiar with the fact that he was taken from the penitentiary by virtue of a decision rendered by the Court of Appeals. Ho was held in prison however under a large number of indictments upon which his counsel has applied for a bill of par ticulars. Judge Donahue, to whom the application was made granted it, r.nd now the people have appealed to tho General Term. If that tribunal grants his application he is virtually relieved from prosecution, as a bill of particulars under tho circumstances is impossible. Should he escape it will teach all thieves a profitable lesson, and that is, when they steal to steal millions instead of the paltry stun of only a few dollars. If a man steals enough to mako himself iin menscly wealthy as Tweed did, it ren ders him so respectablo that the courts will not take hold of him as they would of some poor wretch who steals a bushel of corn or a few pounds of bacon to appease tho gnawings of hunger, or a coat to keep himself warm. Charles McCrady, sou of a widow in Marion couuty, Va., was instantly killed by lightning on the IStU Inst., and four of his companions were knocked down, badly stunned. THE POLICY OF ADVERTISING Will not be called in question by any business man at this lato hour of the day. Indeed, it is a matter of aston. ishmcnt, to find that any man nes leets advertising, and it is equally a matter of astonishment, that men will plunge into the columns of little pa pers that have no circulation. The Fall trade will bo upon us in a short time, and we advise all business men to advertise extensively. And, in this connection, we point them to a journal that has a circulation, viz : The Knoxville Wm ani CrmoNici.ii Wc have no hesitation in saying that the Wmo and CititoNici.n has the largest circulation of any paper in East Tennessee. If any entertain doubts on this point, our books are open to their inspection. Men adver tise their goods, wares, and merchan dise because they wish to sell thein. As n matter of course, they advertise to draw custom, and that custom is made known through the columns of the most widely circulated paper. That journal has not only the largest circulation of any paper in East Ten nessee, but it is increasing daily and will soon outstrip any paper in the State. Ihis is a hard year upon newspaper men, but notwithstanding all this, both our Daily and Weekly arc growing in circulation. A SUGGESTION TO FARMER?. Wc presume if the rain should cease, almost the entire wheat crop of East Tennessee would be cither hauled in and stacked, or threshed and perhaps both, during this week and the week following. If farmers will pass through their fields before hauling their wheat and throw oll'the cap sheaves, and then keep them and any other wet sheaves in tho shock separate from the dry wheat, they will find it very advan tageous. Let it be threshed separate ly and kept so throughout. In that way you have two grades of wheat one poor and the other very good. But if yon mix all together, none of it will be marketable. One lot of bad wheat shipped from a market may do immense damage. We remember how a few years ago some wet wheat was shipped to the Richmond market and it almost blocked the whole wheat trade for weeks. Farmers can not be too careful in this matter, ns they will find on going into tlie markets to sell their wheat. TlIKHG has boon bad iiiniingi:m-nt s -iiie-- whero about the finances in Tctinc-s.-c. The .State Treasury is emptv, nnd theio is no wiiy to replenish it except by convening tho Legislature, nnd it is thought very doubtful if I hat body can do anything ob.iut it. TLis nnd various other weaknesses of Democratic management induco tlie Hon. W. G. Urownlow to predict a Republican revival in Enst Tennessee which will sweep the Democrats from power. AYtw For: Tribune. The Tribune should know that Browulow lias never been a success as prophet ; aud the idea of the Republi can p-uty ever sweeping anything again in this Slate is really ipiite ab surd, you know'. Union and Ameri can. It requires no prophet, neither the son of a prophet, to foretell that the honest people of Tennesseo will not consent to be governed by tho ineffi cient, blundering, ring-fostering, dis honest, corrupt organization, sailing under the flag of Democracy in this State. They may be deceived for a time, but when the incapacity of these Democratic party leaders is made so apparent as it now is, there- is 110 doubt about the result. RAILROAD ASSESSMENT. The llirt-e Klill Coiuiulmaiuncr lu .nee I Si ex I lurtiluy. The State Commissioners for assess ing railroad property, by appointment of Gov. Porter, ure Col. J. J. Turner, for Middle Tennessee; Col. J. H. Bradford, for West Tennessee ; and J. E. Helms, for East Tennessee. They hold their first meeting at the Capitol next Tuesday. Considerable work has ulready ac cumulated for them to attend to. We ascertained from the Comptroller, yes terday, that, in accordance with the act of March 1!5, lh7J, declaring the niode and manner of valuing railroads, the following companies have liled schedules of their property lying in the borders of the State : The Louis ville and Nashville, Mississippi Cen tral, Mississippi aud Tennessee, aud Paducah and Memphis. Rufusing to .accept the 1J per cent, alternative, they liled their schedules under protest, claiming exemption from taxation under the u-gis of their charters. It is understood that the following companies have falleu buck upou the " 1 percent, on gross earnings:" The Nashville, Chattanooga and St. Louis, the Western and Atlantic (from Chat tanooga to the Georgia line), the East Tennessee, Virgiula aud Georgia, aud Ihe Memphis aud Charleston where it lies in this State. Most of the mileage of railway in Tennessee Is included iu the latter class. Union and American July !i5. READ OUT OF THE PARTY. Let hi m Snenk ofTto Marjlnnil. The Cincinnati Enquirer, formally reads Senator Thurmau out of the par ty in this wise : " Mr. Thurman will not be misun-. derstood. He and his Eastern allies desire the defeat of the Democratic par ty of Ohio. Mr. Thurman especially desires the defeat of William Allen. " The Apostle of Hard Money, Sen ator Allen O. Thurman, has been in terviewed by a reporter for the Balti more Gazette. He was found rusticat ing at Deer Park. Mr. Thurman ex pressed himself iu opposition to the financial plank of the Ohio Democrat ic platform, and give his interrogator to understand that he would make war upou it in bis speeches during the cauvass. Mr. Thurmau is precisely where we expected to lind him down on his knees to the Money Power. His Eastern friends will be delighted. Mr. Thurmnu's silence last year was highly creditable to him. His propos ed opposition to the parly which has given him all his houors is simply dis graceful. We can say to him now. that his services are not desired in the Ohio cauvass. He is not of us. The Dem ocratic party of Ohio is iu a death struggle with the Mouey Power. Mr. Thurman proposes to assist the men who nre praying and working for our overthrow. His expressed desire for a Democratic victory will weigh as noth ing. Let hint sneak off to Maryland, as he ilid last summer, for his declar ation of war will be met r.s it should be." THE OHIO CANVASS. Iirniorrat I.xrt Iivfent. Cleveland correspondence to the New Yolk Time : The Democrats comprehend the sit uation, mid its depressing influence is apparent iu their management of tlie campaign. Gov. Allen and Senator 1 hurmau were tirst announced to open the campaign at Gallinolis on the i!lst of July. Then Mr. Thurmau was withdrawn ami Mr. Pendleton substi tuted, for the reason, as reported, that the Senator refused to sneak on the same stump with Allen, who had in dorsed the inflation policy. Then Gov. Allen was withdrawn "from the Gallipolis appointment, and it was of ficially announced that no engage ments would be made for him at pres ent. Xow tlie programme is again changed, and Gov. Allen will appear at Gallipolis with Mr. Pendleton, while Senator Thurman will deliver his salutatory on the31st, atMaustield. Readers of the Timca have seen, fron Mr. Thurmau's Baltimore iuterview. the straits to which that disappoint ed statesman is reduced. He will assert that the financial question is merely a local and Subordinate- one, and that the safety of the Republic is the paramount issue. Whattheother leading hard-money Democrats of the State will do remains to be seen. Mr. Payne, of this city, will do as little as possible. His plans now are to take a long summer rest at some wholesome retreat probably California and whatever stumping he does will bo near the close of the eamnaiiru. Lo cally, the Democratic situation is par- ucuiariy depressing, nie, attempt to organize a I entral Democratic Club here one night I i-t week was a melan- Inly furi-e. Of :he fifty or sixty lea b r-" piVM-n, not in. ire thau two r three could lie brought to agree up 0 Nnv ime point, ami 1 he meeting was mm 1itn-!loii even to lis piirtieinants. This, in substance, i- tlie present as pect of the canvass. It is difficult to see any mistake likely to be made by the Republicans which can diminish their chances of victory, aud equally difficult to divine any coup possible to the Democrats by which their pros pects can be materially improved. The Wheat Market. The New York Mercantile Journal, of Saturday, July ltb, speaking of the wheat market, says : The augmented foreign demand is founded on reasons which are supposed to argue its probable continuance. Some of the papers make much ac count of the crop losses in the valley of the Garonne, France, and in parts of Hungary and England. The French inundations have doubtless destroyed a considerable area of growing crops; and small districts iu Hungary and England have suffered iu the same way from the floods. But these are Blight misfortunes easily reparable compared with the generally unfavor able weather which has prevailed over tlie best grain-bearing sections of the continent at a critical time. A few weeks to come will settle the question whether the European grain crop is to be a little or a great deal below the average; and on that future consider ation depends the prosperity of the American export trade in breadstull's this Fall. With regard to the ampli tude of the future supply on this side, t here appears to be less room for doubt. It now promises to lie quite equal to that of any recent year. Returns care fully collated and published from ail the States nnd Territories seem to point to this gratifying conclusion. North South ,uid West are alike fortunate in their wheat crops. Even the much dreaded grasshopper has made no per ceptible inroads on the cereal treasures. """"" "u -eorasK nnu Colorado have Miitered far less from that visitor fins year than last year, and their losses are only trilling compared with the great gains known to he madn in other regions. From the Indian Ter ritory comes the boast that the wheat crop now harvesting is the largest ever gathered there, its estimated yield be ing bushels to the acre. Dakota t erritory reports an average yield of -0 bushels per Here, or about 7,000,(mmj bushels in the Territory. This will be over 1M bushels to each inhabitant. 1 he short crops abroad will be of much beneht to our wheat growers, and will add inateiialiy to our general prosperi ty through the increased exports which, u now appears, we shall be well able to spare. When a boy succeeds lu convincing his mother that he was not swim ming iu the river-that his hair was li!?, itniet-i F';Plratiou while "help, lug Bill Timm oh In .i,.i, ..1.1..1. ' Just now '-you might just as well try i c.iaiU ine tSchleswIg-Holsteiii question as to undertake 1,, .1...,?." the awful expression of thttt boy'g face when his mother subsequently d covers that he has ,, another bov's Mrl.-A'orrittvwn lUruld. y