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iiitoibillc SHccklj) MhQ nnU roniclc: $Ictmcstan, August 18, 1873. W$ S (hromrfe. Knoxvlllp Wlilir litllUli-.1 IS9. Unoivlllol lironK-lH t-.l'llltlil 170. WEDNESDAY, AVM Kl, ls7i. Gen. W. It. Hate Is the Memphis Ldflcr'a first choice for United States Senator.- Isham G. Harris is its second choice. Information from a high source at the Stale capital places Chancellor D. M. Key, of Chxttniiooga, ns fore most in tho (Senatorial race. Alubuinii bus gone largely Dem oerutle, unit, us a nuturul sequence, I lie grasshoppers have made their appear ance. Kentucky tuny loo i out. A difficulty came near taking at Roekwood, on Monday, between one of the officers and a lute employee Pistols wore drawn, but friends inter fered and quiet was restored. From our d is put dies this niom ing it looks liki- i air Ann'i:nii fiii nd- who have Ukeii joMtions in tbe Egy Han Armv will Iimvh it t'luii b exer cise ilieir knowledge and skill in Mili tary matters Judge Tuft, of Ohio, one of the purest and ablest men in t lie land, is actively ehgagt d in t!.e political can vass in Olio, tuvoi Ing the election of the Republican ticket. He Iih not ta ken an active p.irt in politics hereto fore. A corre-poinlciil in our issue this morning Migge-ts (lit nam" of Col. Jno. lbixter tor the vaent scat ill tlie .Senate If tli- (loveinor desires to appoint a 1 11 hi i rt ho is flee from party bias, und who wdi do what lie honest ly believes i ib.ht. without s'opping lo consht, r u. itlo r it at! eN this ..r that pur'y, i .'l. Baxter wdl (ill the bill. 'Ho.NKSTY I -s THK rui.icv.'' iiKST '1 lie rcsoiii-'-cs ot the people arc ample, and t heir credit should be pre served." We frequently hear this re mark in connection with the l'ailnre of Tennessee to meet the interest on her public debt. This feeling, no iloubt, prevails among those who are best posted in relation to our re sources. We agree that such is a true estimate of the case. We ar able to pay our obligations without. am- serious inconvenience, and these obligations having been incurred in good faith, it is our boundeu duty to meet them. When we fail to meet them, our honesty will be called in question, and it will be hard to con vince intelligent men that we are honest. Already the outside world is look ing into this matter, and various rea sons are given for the failure to pay the July interest. We have before us a copy of the Baltimore Situ, which publishes a communication, from which we take the following extract : 'The undersigned 1ms beon informed thut the railroads of Tennessee are authorized to j':ty lh';ir large indebtedness to ttie Slut itii'.e bonds ; two yenri are given for tliis purpi-e, wliicb no doubt will be extended if it proves too short, (is it, wid ; that these railroads have cmplnyid a penlletnan. well known in Credit M.ddlier circles. 1 pur thaso lie toad-at. I lo 'bi:.ir'" the muket ior iliem. I a mi-, u.esu in l.'iinis.ee wao call hid willingly give ln-'p, ni:d the non payment of the inter., t ii art of the job.'' We know nothing of the source of this correspondent information, nor of the facts stated, but if it is true as he savs thut "a gviitlemau well known iu Credit Mohiih r circle-," is engaged "to purchase the bonds and to 'bear' the. market" wo regret that he did not give the gentleman's name, in order 'hat those interested in "tir State cred it might, look int- the l:i::t!..r. This failure to piinptly meet the iutered on our bonds when it. lulls due is a very serious matter, much more se rious than people generally anticipate. It drives thousands of capital out of the State that otherwise would have boon used here. We. iiae heard of an instance win r: a arty i.i the State of New Voik contemplated loaning fifty thousand dollars in this Stde. The party v, as a lady who has char.:' of U'it lands which she v.'ould 1 a.i at a reasonable ra'.o of interest on In:' time, lint she lias heard that the Slate refused to pay her interest promptly, and inferred from tha', that Tennessee was not a desirable place t loan motley. It was in vain to tell Lcr that the obligations of individuals had nothing to do with a violation on tho part of the State of her wok-tun contracts. It is our opinion that the prompt payment of our July interest would have been a paying investment in its immediate results, and in the end it would haro paid us overwhelmingly. We firmly believe in tho old iffuge that "honesty is the best policy." THE SEXATCmSHIl' AGAIN. We publish in this paper a com munication recommending Hon. Jno. II. Cro.ier, of this city, for tho Sena torship, mado vacant by the death of Andrew Johnson. Col. Crozier was several terms a member of Congress from this Dis trict, being first elected in 1845, when not thirty years of age, and he took high rank in Congress. In the House he was a member of tho same Com mittee with Abraham Lincoln, and, though heartily in the rebellion, he predicted in 1SG1 in private conver sation that Lincoln would display the great ability with which ho conducted the war. lie was the only man in Knoxydle, on that side, we heard of who did not call Lincoln a fool. We mention this as- indicative of his foresight. We have recommended to the Governor several Conservative Unionists of East Tennessee as suit able for this appointment. His Excellency was a Confederate soldier, anil it maybe he would rath er appoint one who was on his side in that great contest. If so, he can have no excuse for ignoring East Ten nessee on this ground, for Col. Crozier was heartily with him in all that con test, and is his political associate now. What we demand is, that an East Tennessocan shall have this place. It of riht belongs to East Tennes see, and we do not wish to see our section cheated and swind! ! out of it, If Gov. Porter appoints an East Teennsseean, we shall not quarrel with him, or deem him unjust to our section even though the appointee be one from whom we have widely differ ed and now differ. Is the early history of Tennessee, and in fact until within a limited pe riod before the war it was conceded by the people of tho whole State that Eastern Tennessee was entitled to one of the Senators in Congress. Andrew Jackson, Gov. Carrol, Eelix Grundy, and the great men of Middle and West Tennessee always admitted it. Hut a few years before the war a combination of accidents and cir cumstances of an unusual character took the Senator from us, While Hopkins L. Turney was a Senator, representing or living in Middle Tennessee, John Hell, of Mid dle Tennessee, was made the other Senator, and to the credit of East Tennessee, be it said, she cordially supported him against her own citi zens, because she believed him the best qualified citizen 'of the Commonwealth. Under like circumstances East Tennessecans would do the same thing now. If there were now in Middle or Western Tennessee a Statesman of pre-eminent ability, a man superior to any public man of East Tennessee we should say put him in Johnson's vacant seat. Hut such is not the case. There is no superiority among the public men of Middle and West Ten nessee to the public men of East Ten nessee, which should lead Gov. Porter to disregard the time-honored custom to which we have referred of accor ding to East Tennessee one of the Senators. Tho people of East Ten nessee are separated from their fellow citizens of the other divisions of the State, by the great Cumberland Moun tains which separate them from Ken tucky. They were intended by God to live in a separate State with their neighbors of the mountain counties of Southwestern Virginia, Western North Carolina and Northern Georgia. Their climate, soil, and the products of their soil are wholly diirerent from that of the other sections, and to a great extent their material interests require National legislation which is not demanded by their fellow-citizens of the other divisions. Under these circumstances East Tennessee de mands as a right an I does not regard it as a lavor that she should have one of the Senators, lleeau'-'e, through political chicanery, .she was swindled o il of her Senator i i lfi."il, when the late Tho.;. A. II. Nelson was unrigh-tcou-'v defeated, and at other times, it do i not follow that she should again oe defrauded of her just due. Since the or vuiization 6f the Dem ocratic, party as a National organiza tion, no man running as a Democratic candidate for Governor of Tennessee has ever received the majority vote of East Tennessee except the present Governor. Even Andrew Johnson was beaten iu East Tennessee, on the popular vote every time he was a can didate for Governor. In 1853 he was beaten about 5,000 ; in 1855, about 10,000. His election lie owed to Mid dle Tennessee, Gov. Porter alone, of all Democrats, has the peculiar satisfaction of having carried East Tennessee. To suppose that he would now wrench from her the right accord ed by all parties from tho foundation of tho State, is "to suppose him capa ble of a degree of ingratitude which wo nre not willing to ascribe to him. We do not believe that, under such circumstances, any one of his prede cessors in the office of Governor, would hesitata to gladly embrace this opportunity of showing to East Ten nessco his manhood nnd gratitude by placing upon her shoulders the Sena torial robe. DOES LIKE IN.SUIIANCE INSUKE? Under the above caption tho Cin cinnati Gazi'lte, of a recent date, makes some pertinent suggestions, on a subject on which no inconsiderable number of our readers aro interested. Pvocent decisions of the courts on questions affecting the relations ex isting between Life Insurance Com panies and their patrons, make the discussion oi the question asked m our caption more than ordinarily in teresting. These decisions place all the responsibility, for any irregulari ties contained in applications for in surance upon the assured, and such irregularities, however trivial and un important, servo to deprive the widow and children of men who have died, thinking they had their families provided for, of funds justly due them, leaving then to fight life's bat tles in a state of abject poverty. Some time since, we cautioned our readers about being very careful to answer all the questions propounded in a voluminous blank form of appli cation, with tho utmost care. This the' will do well to observe. The compensation of Life Insurance Agents generally depends upon a commission on premiums col lected. They are not always care ful that tho subject they assure is a fit subject for assurance. They aro more interested in their salary than they are in procuring sound subjects, who come within the conditions re quired by their blank forms. Exam ining physicians make a hasty exami nation and pronounce the appli cant all right. He is assured and dies. The company wants to evade the payment of his policy, and finds that in making his application he has given an answer to some question unimportant, it may be, and his wife and children are swindled out of their just and equitable dues. We do not say that all companies do it, but it has been done no doubt a great many times. The Gazctle says : " it is tno company s duty to uavo a competent nnd faithful medical man in this olGcc, iwri courts shouU hold companies to tli i a responsibility. And if they find that thn company is negligent or purposel v lax in this vital part, they should leave it to sutler tho consequences.. Suppuio that it be found that all the management of the company's part is such as to open a broad way to fraud, and to encourage and lead on the applicant to give a favorable stutement of his condition, and to tink tho responsi bility of the medical examiner, in order to get subject, at all hazards, tru-lii) to a provision for a cutest to cover its own de linquencies : shoull courts in bucU ca'es relieve the company fmm all responsibility, and throw it all upon tho applicant, and its consoquui.ci'S upon his widow cr children'.'" There is nothing unreasonable in this requirement, and if the companies want to act honestly, the' will com ply with it. Lesides, the agents should be held responsible for fail ures on their part as well as those from whose patronage they make their money. Tin; grand and sweeping Republi can victory in North Carolina is full of ericotirageiicnt to the whole conn- trv. It slows that the teachings of such miserable agitators as Gen. I). II. lliil nnd Judge Kerr, who insulted all respectable people by his improper remarks r.t Charlottfi on tho occasion of the celebration of the Meclen burgh Centennial, are spurned by the honest peace-loving people of the Old North State. The indiscreet utter ances of unrepentant rebels like tho two men we have mentioned, are sure to make IScpublican votes, and to these wo attribute the hcav y Ilepubli can gain in North Carolina. If Hill's rebellious paper were circulated in Ohio, and lverr could bo induced to mako some of his red-hot speeches there, tho Republicans would carry the State by forty thousand majority. A KELIC OF SLAVERY. Of all communities on the globe, the people of the Southern States ought now to feel tho greatest preju dice against human slavery as it ex isted hero up to the commencement of tho lato war. Its existence was a curse to our people, ami there is no telling when wo will recover from its evil influences. Its results were not only to degrade the black race, but the white to nn equal extent. Its baneful influence is now seen on the public mind, whero a falso public sentiment has grown up on the sub ject of labor. The teachings of the Southern slave aristocracy were, that labor is degrading, ami tho man or woman who would engage in any kind of labor was regarded as one of the undererust, unfit for association with those u ho could livo in elegant leisure. Wc alluded yesterday to "drones" in society who never produce any thing, but are constantly consuming what others produce. One class of these drones, and a very large one, is the last lingering relic of a defunct aristocracy, the chief corner-stone of which was African slaver'. Wc see representatives of it all over the South. Young men who spent the first years of their life in indolence and ease, with slaves to do their bid ding and relieve them of labor in anv form, have been thrown upon the world without means. They scorn labor, having been taught to believe it de- rading. They lire not possessed of brains or energy sufficient to give them success in professional or me chanical occupations, and the result is they arc contemptible drones. They will set on street corners or in the bar-room of hotels, smoke cigars when they can get them without paying for them, spit tobacco juice, and with lofty airs talk about tho wealth of their fathers ami curse t he ''Yankees'' for setting their negroes free. They are utterly worthless to society. They are a continual drain on our accumu lations, and a disgrace to the commu nity in which they live. They aro vagrants of the most contemptible sort. If lightning could strike them, or if they could be induced to hang themselves, it would be. a merciful riddance to an impoverished com munity. With their education on the subject of labor, we need scarcely ever expect anything better of them, and we confess that wo do not feel encouraged for tho future cf the South when we retlect that such criminal worthlcssncss is tolerated in o"ur best regulated communities. Wc may talk about the hardness of times and scarcity of currency until dooms day, but we will never experience re lief while idleness prevails among so large a number of the people. We would like to see a public sentiment that would drive such drones out of respectable society, and if we can contribute anything towards the for mation of such a sentiment, wc will feel that in so doing we aro rendering our native South the highest service, A Convention will be held at Rome, Ga., on the Cth of October for the purpose of securing an organ ized effort for tho opening of tho Coosa rrver and its tributaries to navigation, and uniting these by a canal with the Tennessee river. This is a very important question for the people oi East Tennessee. If the Coosa can bo made navigable to Homo at all Reasons of tho year and the Tennessee can be. united with it by Canal, it will give w.i an opening to Mobile and all tho extreme South western country, Unit will prove of incalculable benefit to our commercial interests. Suc.i a thing appear to us entirely practicable and wo sec no reason why it should not be a sue tT.ss. Tin-: Nashville Btnnu-r, of Wednes day moriiing, says : ''tehic a e' n-..: en v.as produced on tiie sir' "is 3 " t 1 Jay 1 y tho rumor ll.al tie: IIn. Kiuaid I!. Hist had been appoiuled ! ll'.l the vacancy occasioned by the death of cx-I'ri'-i dent .John-- in. Th"ro wts no coi.fir mat i rj oi it at tho Capitol. As Governor Porter ii now at J'aris it is Uot likely that wo will hear of bis choice until bo returna to the Capitol. Mr. Ihist, it will bo remem bered, was Secretary of Statu during ilr. Johnson i adiniriUtratioa as Military (iov ornur." Tiie Cuurii-r-Juuriinl disposes of Mr. George II. Pendleton's Presiden tial aspirations in "theso few lines :" "It i believed that Pendleton is tryiugto kill off Tliurman with a purpose. But it will not work. I'endleton Is a genteel littlo gentleman and may one day get a foreign mission. But God Almighty never meant him for anything higher. ONE OF THREE THINGS TRUE. In referring to the public debt of Tennessee, onu of three things is true. First, we either intend to re pudiate our honest debts, or, second ly a ring of speculators arc making a foot-ball of tho St ato credit for the purpose of filling their pockets with ill-gotten lucre, or, thirdly, we hnve a State Government incapable of prop erly managing our financial affairs. The latter is the only plea wo can mako if we claim to bo honest. If we intend to repudiate wo ac knowledge our dishonesty and say to our creditors, help yourselves the best way you can. Wo know we owe you what you claim, but there is no law whercb' you can sue us mid com pel us to pay, therefore wc don't in tend to pay." Wc will not plead bankruptcy for we have been boas-ling for half a century of our vast re sources, and even now nre telling the world of our rich mines, our futile fields, our line climate, and n hundred other sources of wealth. In view of all this we can not plead poverty. All wc can say is, our resources are ample but we do not imtend to pay our debts. If we plead as an excuse for not meeting our obligations that specula tors have control of our credit, and that they are using it for their own aggrandizement, depressing or appre ciating tho value of our bonds to suit themselves, why, then, wo must ac knowledge that officials whoso duty it is to protect the credit of the State are congnizant of the facts, and that if they do not participate they at least connive at such peculation. If this be true we can lay no very high claims to honesty, for if we are truly honorable wc would not suffer avari cious public officials to control the State Government. If we are in the habit of electing men to high State offices, who have not sense enough to manage our finan cial affairs, and provide for meeting our obligations, we can not conscien tiously urge this as an excuse for our failure to do what is right. So, if we accept any one of the three iiroposi tions mentioned, and one of them is certainly true, wc must acknowledge that the people are not free from blame for tho disgraceful attitude in which Tennessee stands before the world. Let all those who feel any interest in protecting our State honor, ponder over these things until tho next elec tion. Then let honest, courageous and capablo men be elected to office, and let us wash this foul stain from our beloved commonwealth. Senator Morton on Finances. Senator Morton made a great speech at Urbauu, Ohio, last Saturday, from which we make the following extract. Speaking on the currency question, be saiil : The Columbus Democratic platform demands immediate abolition of the national hiiukiim system, and the t-ub- stitution for national hunk notes of a new isue of rct'iiliacks. A change so e;reat nnd vital would lie attended by the most disastrous consequences, tlie extent of which no man can now foresee. It would require the backs at once to withdraw from the people nine Jin I al red and fifty millions; in loans now outstanding, which would un doubtedly result in the greatest distress and the tdinost total suspension Of business. 1 lie greenback circulation would liu suddenly increased from three bundled ami neventy-live mil lions to seven hundred anil "thirty mil lions, and would inevitably greatly depivciute. Tho value of LTeeiilmcks now is maintained l y the ability of lite ijovernnieut to pay tlieni, ami by the prospect of such payment at no re mote, time, and if thy amount was so iiier.'ased tln-.t the ( iovei imiciit could not pay them, and tho prospect of pay- inj; passed entirely av.uv, itiey would ut once lose the principal part of their value, it, when there are but joT-j. Odd, O ld in circulation, and we are with in three yeiits and a half of the time fixed for redemption, tbey ure worth but eighty-eight, cents on tho dol'ar, what would be their value if the amount was increased to idOloO.IHil) or l,(K)d,lioo Odd, with no hope, pros pect, or pretense, thi't they would ever be redeemed . J.et any man of com nion pense answer. lint it is said that the lentil t .'iider quality, the fact that the debtor can compel thn ctlitor to take tin -ii iu payment cf debts, will pr; sei ve t iie:r value, even if they are. liever to tie redeemed c r paid. The simple answer to this I i that when the volum;' ot f'reer.bacUs is lanicry iu creased, and till prospect or pretense of pavineiil is abandoned, peooio wi:i re fuse t" sell tiieir properly or laborupon a credit, knowing thai they can he compelled t,i receive in payment de preciated paper never to bo redeemed. Tin-; di:moc!iatic tautv tiiuknkmy OF (UIKKNIUCKS. Ji.it. I here unmask this whole fraud and imposture. The advocates of more Kreei.baeks In the place of uutiouul bank notes are the enemies of ereou bucks, us they huve ever been. They aro utterly opposed to a national cur reney in every form. When theirreen' buck curreiy was first iiropoxed in lbii', and was indispensable to the uup- presBiou or the rebellion ana the prt-H' ervution of the Union, the Democratic leaders everywhere denounced it as unconstitutional ; did everything in their power to make it worthless, and to brin it Into dishonor. When Chief Justice Chnse, with the minori ty of the Hupremu Court, decided that the issue of greenbacks during the war, under a military necessity lo preserve the life of the Nation, was unconsti tutional, the decision was heralded everywhere by the Democratic party as the grandest triumph of constitutional principle knowu In our history, and when, afterwards, during the admin istration of Gen. Uraut, the member ship of tho Court haviiiK somewhat clumped, the Court decided by a ma jority of one, that the issue of green tiHcks durici; the war, under pressure of national military necessity, was constitutional, the Democratic party, with one accord throughout the Unit ed Htates, declared thut the decision was corrupt, and that the Court hud been packed by President Grant for thntHpurpose. And you will remember thut, l n 1 1 nir t lie canvass of 1872, the eharno of having packed the (Supreme Court to procure a decision sustaining Itieenbaeks, In flagrant violation of the Constitution, was the most persistent and clamorous made HKuiiist Geu. (irant and the Republican party. Democratic leaders have not changed their opinions upon thut subject. On ly the other day, at Gallipolis.Mr. Pen dleton asserted in the strongest terms that, ns a Member of Congress, he had opposed the issue of greenbacks in 1 Sti , because they were unconstitutional, thut he never changed his opinion, and believed that Congress had no such power. Mr. Tlunman, Mr. Jsuvard. and I believe every Democratic mem ber of the Senute, have, from time to time, denied the power of Congress to make greenbacks a legal tender, charge ed thut the Supreme Court by which tlie decision was made was packed, al though the decision went no further than bidding that Congress had the power to pas such a luw in case of war. If the Democratic leaders now be lieve that greenbacks nre unconstitu tional, how can we sufficiently con demn the hypocrisy ot the demand for a new issue of hundreds of millions to take the place of national bank notes? it they believe them to be constitu tional, no condemnation can be severe enough for their conduct during the war, when they itemed their constitu tionality and diil all iu their power to dishonor them, ut a time when thev were necessary to preserve the life of the Nation. Tlie question us to whether a Treas ury note can be made a legal tender iu payment of debts is purely a question of law, to be decided finally by the Supreme Court of the United States, and there is not a respectable Demo cratic lawyer now in the State of Ohio who does not believe that a new law creating a further issue of greenbacks as a substitute for national bank notes, or for any other purpose, would be de clared by that court unconstitutional and void. KESTOItATION Oi' STATE HANKS THE L'LTI.MATl'M. The whole scheme of a further issue of greenbacks, in lieu of national bank notes, I arraign here to-day as hypo critical ami treacherous, designed in the first place to tll'eet the destruction of national bunks, then bv their vol ume, and by the decision of the courts, to destroy the greenbacks themselves. and pave the way for the restoration of tlie old btate bank system. The State sovereignty party will ueverstop short of State banks. A national currency. whether of greenbacks or bunk notes, is hateful to that party which abhors the uutiouul idea and declares that there is not one nation, but thirt v-uev- en independent and sovereign powers. Tho party which clamors constantly about centralization and Federal as sumption can never be the friend of tlie greenback, whica represents the highest lorm ot national sovereignty. Every year the proposition has been brought forward in Congress to repeal the law taxing the notes of State batiks, which drove those banks out of existence, and the repeal of which would again open up the flood-gates for public and private robbery by tlie es tablishment of innumerable kiting and worthless banks in all the States Only last year Mr. Tliurman and every Democratic Senator voted for a propo sition to repeal that law which was of- lered us an amendment to a finance bill. The restoration of the State bank system means as many systems of bankings as there aro States, violent expansions and contractions, hundreds of broken banks, and millions of bank note trasu dying in the hands of the people. It means the Western anil Southern States shall again pay mil lions oi irmuie 10 ine Eastern (states in the form of exchange. It means that the citizen of Ohio can not pay bis hotel bills in New York or Boston with Ohio money, without suffering a (.have or buying Eastern funds. It means that no man can receive the price of a horse w ithout examining a counterfeit deteeton. lo see that the money is good ur that the hank is not broken. The State bank system is tiecoSiry to the Stale rights Democra cy. The party that denies the nation and hates everything national, turns with aversion from a national curren cy. State sovereignty and State banks ure twin relics of the times thut we fondly hope have passed away fors ever. Settlement of a Brooklyn Scandal Case. Thomas Kim ella, one of the propri etors of tiie Prooklyu JSaylc, and late member of Congress, was sued by Thomas Field, Superintendent of the public schools of that, city, for damage for bedueing plaintitl's wile. The case was referred, and it was buhscqueitllv agreed that no defenso should lie made und that tlie damages should be do, bi K, and the referee so reported and judgment was entered accordingly. he plaintill'then announced bis in tention to invest the $1.5,nm, ih0 ju. come to bo het apart for tho support of Mrs. Field while she lived; after her deuth It was to be known as the " Kinsella Trust" for ihe relif of fallen women. The defendant thereupon re fused to pay the judgment, and though he was supposed to be possessed of con siderable property, the Sherilf was un able to find any goods on which to lovylexecution. It is understood that, by the intervention of friends, the sup plementary controversy lias been ad justed satisfactorily to both parties,and thut the defendant Is to pay the il5, OnO, the Income of which w ill go to the support of Mrs. Field, but that It is not to be designated the" Kinsella Trust." which designation Is regarded as a stigma on his family.