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Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, August 20, 1870, Image 1

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JAI. H. SWORDS. PaklUkar.
WJI. . rEABS, E41tr.
SATURDAY. AUG. 13, 1870.
Dr. E. H. Walker, late Wharf
And Harbor Master for this city,
in the Times and Republican of
Tuesday last publishes a card.
Our absence from the city pre
vented an earlier response.
His first declaration is that he
has not speculated in scrip. His
report, to which he so proudly
refers, shows that the larger por
tion of the returns made by him
were in scrip, and since steam
boats were not then permitted to
pay in scrip, he must hare specu
lated in it. He was paid In money,
but returned scrip, which was vast
ly below par. He says it is not
true that thirty vessels a month
landed at the wharf without being
reported. At the very moment
when he was penning that dec
laration, he knows that it is
nm,-in!!u ronorted that for
'M .
the months of February, March
April and May one hundred and
twenty -nine vessels have landed at
this wharf which he did not re
port. He knew also that many
clerks of those one huudred and
twenty-nine vessels have exhibit
ed receipts for wharfage paid ilur
ing the period aud paid in money
too, not in scrip which was returned
by Dr. Walker.
He vainly endeavors to screen
himself by the declaration that nil
collections were made by his dep-
. ntifis ffiid not bv himself. The
people of Vieksburg have noth
ing to do with that. He is
the otlicer aud while such
the citv money was stolen.
The people look to him as the
resiionsible nerson. They do
not know any irresponsible per
son. They only know Dr. Walker
An average of over thirty vessel:
a month have lauded at this whar
which were not reported by Dr
Walker, and the olllcers of many
of them have been seen, aud they
have shown their wharfage re
ceiDts. If that is not tltoft what
is? The report for June and July
will show as heavy deficit as the
four preceding months. This Dr,
Walker knows. The result of
operation in these months is now
under investigation. We do not
pretend to doubt, however, as the
Doctor is a great light in the
Badical party, his misdeeds will be
white-washed and passed over
by the Board of Aldermen
which has shown such nervous
anxiety to foist upon the people
of this city, the straw bond of Gen
Webber. But if they are guilty of
these high handed transactions the
people shall know it.
Dr. Walker, in his card says
"We have paid to the Mayor dur
ingthe time we have held the of
fice, for which we hold the receipts
of the late Mayor, Gen. Swift, and
of Mayor Webber, the sum of $11
49T55iu Currency. Now had
been disposed to speculate in city
scrip, as the Herald charges that
did ; it will be seen here that, at
the hinhest flumes put by the
Herald 50 cents on the dollar I
could legitimately have realized
the sum of $3,748 70."
Where the legitimacy of the
transaction is, we fail to see, but
we are fully satisfied the Doctor
has realized the sum mentioned,
if not more, in the manner indicated.
Now, what does the letter of
Mr. Allein amount to? Nothing
more than this: "Dr. Walker's re
port agrees exactly with the re
port of his deputy, Mr. Steele."
It would be singular Indeed if
two men conspired to swindle the
city, they should neglect to fully
understand each other. In other
words, Mr. Steele, as deputy,
makes a report to Dr. Walker (less
thirty vessels or more a month);
Dr. Walker pays to the city in ac
cordance with this report, and he
and Mr. Steele meet afterwards
and divide that which Mr. Steele
has collected and failed to report
Dr. Walker certainly cannot pre
tend to be Ignorant of this trans
action. Whether he Is or not the
people of Vicksburg only know
".' him in the matter. They don't
know, his deputies.
If necessary we can give the once more be aroused. Since that
names of the vessels and the dates time many hints have been drop
of their arrival at this wharf which ped touching similar irregularities;
Dr. Walker has failed to report, and as the two names, Whitney
We can also, if Dr. Walker earn- and Butler, have always been used
estly desires it, have exhibited re- in connection with them, it has
ceipts for wharfage paid by steam- come to be generally believed that
boats whose arrival has never the member and his elerk are co
been reported by the Doctor. partners in the trade.
Probabably the sapient editor If the suspicion unjust as to
of the Times and Republican may Qcn, Butler, why has he not long
deem this slanderous, but Dr. a20 severed his intimate relations
Walker know it is not. with Whitney ? Or rather, assum-
The Dr. has been in possession ing that Gen. Butler Is entirely in-
a very profitable little office, nocent, and that he Is a gentleman
taking in fees, perquisites, steal- &nd a trusted and trustworthy
age and all. He says he never servant of tho people, why has be
collected a dollar of wharfage not caused the arrest and punish-
himself; that it was done by his ment of Whitney for obtaining
deputies. The Dr. knows this to money under false pretenses ?
be untrue. He has collected time fjuc lobbying business, as trans
and again in person. acted by Whitney in the name of
TnE New York Sun, which
seems to bo a sort ot political
sore head bear, quarreling with all
parties, but more firmly attached
to the Radical than any other, in
its issue or August tun, gives
some interesting accounts of Ben-
am in 'F. Butler's transaction in
Gen. Butler, was in successful op
eration as far back as 1807, as will
be shown by the following letters,
which to a certain extent explain
themselves. As an introduction
to tbc chapter which they form,
It is worth while to remark that
the gentleman to whom the letters
were written desired to obtain
the lobbying and corruption bus!
- 1 r r- ' . :
ness since he has been a member irom wg u l'Pl'"
i . i. - m a 1. 1 :
nf r.iiKnoss. lornwor oi grcm, puuuu uim.-,
Butler has a confidential clerk, Mtt)' gentlemen or standing m ail
I . a ii. & 1 1 !tt..
oneB. D. Whitney, who appears Parl8 01 lue country uu wn.,:u
to be the middle man between
Butler and his clients. He occu
pies about the same relation with
Butler that John W. Forney's
brother did to that gentleman. In
other words, Mr. Whitucy, is the
lluaucial partner in the linn. He
makes the contracts, and Butler
carries them out. That is, Mr.
Whitney, as authorized agent,
farms out the services of Butler
for any scheme which will pay
sutlieiently. Not long since, thin
middle man filed a bill in equity
to prevent the payment by the
Treasury of certain moneys due to
Horatio Ames on an old cannon
contract. Au act of Congress
had been passed authorizing tbc
Treasurer to pay Mr. Ames's de-
to members of Congress in praise
of the work, and warmly recom
mending the favorable reception
of the author's petition. Forti
fied with, and with highly culo
gistic articles from all the leading
journals of whntcver shade of po
litical opinion, the author went to
Washington, and while there was
introduced to B. D. Whitney, who
agreed, for tho sum of $250 down
aud 10 per cent, of the appropria-
lion when secured, to work the
bill through Congress, lie was
emphatic in his statement that
Gen. Butler would havo nothing
to do with it unless that agreement
were entered into.
This proposal was made after
few letters had passed between Mr.
mand; but Mr. Whitney claimed Whitucy and his prospective cli
that the money should not be paid cut. Before meeting with the gen
uutil Ames should pay him, I tletnan, and doubtless with the
(Whitney) tho sum of 83,000 for J intention of impressing him with
services rendered in securing the the difficulty or securing an appro
passage of the bill. In answer, priation, Whitney wrote tho fol-
Mr. Ames admitted that he had lowing, using B. t. Butler's frank :
promised to pay $3,000, but aver-1 Mai 23.
red that the money was intended wear sin: in repiy 10 yours i
. r, , ., am sorry to say there is no dispo-
for Gen. Butler, and that when 8ition t0J take ' ony business re-
the arrangement was made it was ,luiriDg special legislation, and I
distinctly understood that the fear my own engagements will con-
bribe or fee was oil' red to secure
Gen. Butler's personal services
aud influence. The respondent
further stated that those services
were not rendered, and that, there
fore, lie is not legally or morally
bound to pay the sum demanded.
He also claimed that a retaining
fine me too closely during your
visit to be of service to you.
At 7 A. M. mid 7 P. M. 1 am at
, my room. L ome there.
lour friend,
B. D. Whitney.
I cannot talk to anybody in the
office while these examinations
I continue.
This was in 18C7. Some time
fee of 8250. which ho paid to I elapsed before the correspondence
ii,.n,monmmnir,r resumed ; but in October
. .... i I Whitney wrote again:
t ip necrntlatinn. should ho ro-1
Washixotos, D. C. Oct. 18, 1867f
The question is still in abey-1 Dear Sir : I have this day en
... . . I -l - i . - .. .1 ! aor.n
ance, out wucn it is brought up i vio uy '' -ou,
for settlement its various nila!je. wuu my rcceq.t buowing our agree
I also send to him a mcmoran
dum for your signature, together
with a power oT attorney appoint
ing me your agent and representative.
Gen. Butler will join me next
week, and we will hold a council
of war on his arrival and put the
ball in motion. I will keep you
idvised of my progress in the ne
gotiation I havo undertaken, and
with the encouragement already
received I have not a shadow of
doubt of success. Truly yours,
Besj. D. Whitney.
This letter was also franked by
B. F. Butler, M. C.
The 8250 was paid, and the fol
lowing is a copy of tho receipt
thereof, together with the agree
ment relative to further remuneration:
Washington, Oct 18, '07.
Received of , of Now
cannot tail to prove or great in
As the Ames case is not the
only one of its kind in which B. D
Whitney and Gen. Butler are con
cerned, it is natural that the pul
lie should begin to wonder
whether the member from the
Fifth District of Massachusetts
has not been frequently guilty of
abusiug the confidence reposed in
him by his constituents, of pros
tituting his position to base uses,
and of disgracing tho House of
which he is a member.
It is barely possible that the
agent, Whitney, has been trans,
acting his nefarious business with
out the knowledge of his em
ployer but it is not unnaturally a
matter of surprise that such glar
ing attempts at extortion made by
the servant could for so long n York, two hundred and fifty dol
time remain concealed from the I lars as retaining fee for my scrvi
.,m iina u .11 cesauu Innncnce In securing an
IllUOtCll "UWfl AA4 LAI w AA 19 It! M4A I . - n
, , , , . , . appropriation from Congress for
cases been freely used in order to tUePurcUMC of or for
secure me prey.
Late in the last session of Con-
securing remuneration for moneys
already expended, and for cost of
AAmn ntiiiit rhn imrflr 1ml.
.1.. tl 1 -..: l .l , l n. uviuk
gresa i .u.iu a tuat ten pcr cont . tfc
a speech from Gen. Farnsworth, gamo shall bo paid by Mr. ,
who openly charged Gen. Butler to cover expenses and services
nrith i,ovinT rflpfiived. or dcm-in.l. nenco lorwara
ed, a fee of $5,000 for his services
in lobbying a bill then before
Congress. This was the first pub
lic charge made against that gen
tleman j it was never published, I ,uccess ot his labors:
and was allowed to rest unui sucn I WASniKotow, Oct. 80, 1807.
time as rcrsoual animosity should I Deab Eia: Your fiots of t';
Besj. D. Whttket.
Revenue stamp. J
In the letter which follows Mr.
Whitney shows not only great
caution, but great confidence in tho
20th inst., with accomdonying pa
pers, have been returned to me.
They are entirely satisfactory, and
just what I wanted to possess, and
will be a capital basis for a circu
lar letter by-and-by.
In reply to your questions:
1. It will be unwise to have it
known that any one is employed
to lobby a work wuicn ought to
stand on its own merits.
2. Messrs. Morgan, Sumner, and
Patterson, of the Senate, aid
James Brooks, Baldwin, and Bout-
well, of the House, may be influ
enced by you very advantageously.
Mr. Sponord has started a
white bear." There will be no
such obstacle as he suggests to
the appropriation.
Your obedient servant,
Benj. D. WnrrsET.
This Iettor was franked by B.
In his next communication, Mr.
Whitney defies a white bear, and
acknowledges tho receipt of
money :
Mr Ueae !ih: On my return
from Cambridge, I have tho plea
sure to acknowledge receipt of
your esteemed favor of 3d inst.
with a hank certificate of deposit
for (850) fifty dollars, which
amount is endorsed on your note.
I received also the power of at
torney with erasure, which is
wholly satisfactory and altogether
We will discuss tho policy of
having your petition presented by
Gen. Banks in good time.
Mr. Spofford's letter is only a
white bear, and does not disturb
me. Your obedient servant.
Benj. D. Whitney.
Gen. Butler's frank is on this
letter also.
Only twenty days later he advi
ses bis client to cease firing, and
gratified him with the information
that "Gen. Butler is on the Com
mittee on Appropriations," and
tho Spotlord and his bear will be
controlled in good time. Nothing
more now seems to bo wanting.
WAsniNOTOM, Nov. 28, 1867.
My Dear Sir: Your note is re
ceived with introduction to your
i. V. in order.
Keep quiet with your inins till
Gen. Butler is on the committee
on Appropriations. I will con
trol Spollord in good time.
Yours, B. D. Wiutnet.
Gen. Butler's frank again.
Washington, Dec 13, 1807.
jut Dear Sir: I nave just re
turned from the funeral of my son,
and I have to acknowledge the ro
ceipt of your esteemed favor of
the 7th Inst. with six notes of in
A heavy pressure will be made
on tho committee on appropria
tions early in the session by va
rious interests who are clamorous
for consideration, and I am ad vis
ed to remain patiently in the back
ground when there will be a bet
ter chance of carrying my point
later in tue winter.
No time has been lost, and noth
ing will bo gained by prematurely
urging your claim for compensation.
Most of tho members are badg
ered and cornered already till their
patience is wearied.
I enclose 'the note of 8100, for
which you proposo to remit the
balauco of $50 at this time.
Truly yours,
B. D. Whithey
This bears Gen. Butler's Hank
And when tho poor man, weari
ed with waiting, makes up his
mind to silence his artillery, the
sympathetic Whitney, having dis
covered that his client's treasury
as well as his patienco is exhaust
ed, writes the following note, which
closes the correspondence:
Fortieth Congress, U. S. )
Washington, D.C. May 13,18C8f
Dear itr: I am glad to learn
through my son, of your intention
to postpone any immcdlato cITort
to inmience legislation in your be
half until after the Chicago Con
vention, and until the impeach
ment trial is ended.
This is wise, fori am well as
surcd all private business is pre
judiced by leing urged on the at
tcntion of Congress at this time.
Nothing unfavorable to your in
iciest lias occurred within my
Truly yours, B. 1). W hitney.
Tho letters, of which the above
are copies, were written to a resi
dent of New York, who has them
in his possion.
It is unnecessary to state that
the services rendered by Mr. Whit
ney consisted only in receipting
for money remitted by his client
from time to timo, and in writing
occasional letters of which the
above are samples."
The discomforts of travel at
this season of the year are almost
enough to strike, one, contempla
ting them, with horror. The dust,
heat and glare of the sun, all con
spire to add almost excruciating
tortures to the railway travellers.
These discomforts cannot be en
tirely controlled by the Ingenuity
of man, but they can be greatly
mitigated. To some extent efforts
have been made in this behalf, but
there is yet ample room for im
provement Who, riding during
the past few months on railway
cars have not inwardly, and many
outwardly and loudly, cursed the
miserable padded seats now in
use. They feel as if a stove was
strapped to their backs. You must
sit rigidly erect or have your back
burned almost Into a crisp by con
tact with these padded seat-backs.
They are admirable for winter but
horrible, cruel machines of tor
ture in summer. It would be
much more agreeable to the travel
ing public and a matter of consid
erable economy to railways if these
seats, which are expensive, were
dispensed with in summer and
open cano bottom and open back
scats were substituted. It would
require but a few hours to change
the seats of a conch. These cane
scats are not one-fifth as expen
sive as the cushioned seats, and
by changing in thi manner both
sets of scats could be made to last
doubly as long as the cushioned
seats now do.
! AliccvtreA li
From th LoulivlU Courltr-Jounul.
an Sirs
Ir one box of Dr. Price's Cream
Baking Powder does not satisfy
yon, then call on your grocer and
get your money back. Ilia believed
that no preparation was ever equal
to it in making bread, cake, bis
wi, e'e , wj" "t caiay or use, or
v i f a '.
In the month of May or Juno a
young man came in our midst by
the name of Charles Back. Hav
ing relatives living near here he
spent a part of bis time with them
tho rest of the time ( being a youth
of dashing manners) be endeavor
ed to improve in company with
the gentler sex. He avoided any
occupation, and when asked why
he uidn t work, or now ue could
got along inavlnz been a poor
boy without means,) be boasted
. 1 . . . 1 1 . A-A iL
van ue coum gei io pcr moiim
overseeing negroes South. After
remaining here a short time
left, returning in the course of
timo with a line horse. Officers
came in search of the young man
and horse, arrested Back and
lodged him in the Washington
county jail at Salem. Ho has since
been removed to Greensburg, De
catur, Ind., the county from which
he stole the horse, where he Is now
awaiting bis trial, though it is not
likely he will bo troubled greatly
for this crime, as another and a
greater charm will be brought
against him. Yesterday evening the
citizens of our village were some
what surprised to see Sheritf Fultz,
of Washington (an adjoining
county,) witn two other gentle
men, looking as though tbey
meant business among us. One
of the gentlemen proved to be T.
S. Belcher, bucritl or Tunica
county, Miss., the other the Pros
ecuting Attorney ot the same
county. While young Back was
confined in jail at Salem, the Sher
iff, Mr. Fultz, happened to see an
account of a most horrible mur
der committed on an island of the
Mississippi, In the county of Tu
nica, and State of Mississippi, and
having heard the prisoner speak
of having been in those parts, he
went into the prison, searched the
prisoner s person, and round a
noto of $1,000 drawn up in favor
of one of the murdered parties,
Mr. J. M. Goode, or Mrs. Mary
Goodo. He immediately wrote to
the Mississippi authorities in ref
erence to the matter, which was
tho cause of their coming. After
getting out writs, they commenced
a search, to see whether anything
could bo found that would further
criminate Back. The gun, a double
barreled shot gun, belonging to
Mr. Goode, and the ono with
which Back killed Mr. and Mrs.
Goode, was found ; also the cloth
ing belonging to tho murdered
parties and pocket hanukercniels
with tho names or tue deceased
on them. There was also one
cameo breastpin likeness of his
victims, which be bad torn rrom a
gold locket to dispose of it There
were ono or two gold watches,
which as yet have not been round
and identified to establish the fact
that Charley Back either murdered
Mr. J. M. Goode and Mary Goode,
or was an accomplice to It.
The "Star of Enterprise," be
comes a democratic organ under
the editorship of Gen. Melanctbon
Smith, to whom we heartily wish
a tine or cards-
We copy as follows from Ap-
pleton's Journal:
"One hot afternoon in the month
of August, 1867, three men sat
around a table In a private parlor
in the hotel Darmstadt, at Ems,
Germany, taking such comfort u
thev could derive from the juice
of Rhenish grape and a pack of
cards. The most conspicuous
figure of the group was a large
man with bald head, grayish blue
eyes, a heavy light-colored mous
tache, airs about him that would
have done honor to the imperial
purple. This personage had even
then achieved some fame, and was
tolerably well known to reading
eople by the name or Bismarck.
Next to him sat another bald
headed individual, Inferior to Bis
marck in stature, with a border of
black hair about the case of his
skull that looked like the rim of an
Old felt hat (ruthlessly robbed of
Its crown;, conaemea to remain
there as a permanent fixture. Dur
ing the Crimean war, the father of
this man figured at the cabinet
Councils in St Petersburg as
Count Nesselrode, but the son
was only known as a clever game
ster and an habitue of the fashion
able European watering places.
The third of the party was a little
fellow(so little that his feet scarce
ly touched the floor), with dark
piercing eyes, swarthy skin, and
vivacity enough ror nair a dozen
ordinary men. At the time of
which we speak he was the French
Consul at Stuttgard. All of them
had been partaking rreely or wine,
and each in turn shuffled the cards
with a vim that the generous grape
imparts even to the most plegma-
tio tempermeut. I be t renouman,
in the interludes of the play, kept
up a running fire of conversation,
skipping from topic to topic with
a facility which- only Frenchmen
enjoy, until worming as ue went
on, he ventured the declaration
that France would one day mark
her boundry by the Rhine from
Basel to the sea.
"A hundred fredericks to fifty,"
exclaimed Nesselrode, "that she
"Done," replied the Frenchman,
"aud let the game be fortune-tel
Thev shuffled the cards, and the
Frenchman lost.
"Another wager," said Nessel
rode, with a glance at Bismarck,
who eyed his two companions
calmly, though never uttering a
single word. "Another wager
Two hundred and fifty that within
five years France and Prussia
measure swords, snd that France
yields Alsace and the whole dis
puted border."
"Gne mpo$$mel excitedly
responded the Consul.
Again the cards were shnfflcd.
At the fourth play Bismarck aud
the Frenchman had each taken
two tricks. It was the Russian's
lead. He threw the queen of clubs
on the table.
"King!" shouted the French
man in triumph as he covered
Nesselrode's cord, and extended
bis hands to soize the prize.
"Not so fast, coolly remarked
the Prussian Premier. "I believe
the game is mine:" and casting
the ace he leaned back in his chair
and laughed heartily.
"MonDicur shouted the dis
comfited player, "but cards always
were liars, and unable to conceal
the chagrin and excitement that
over-mastered him, he rose from
the table and quitted the room.
Three years bave scarcely
elapsed since the incident here nar
rated (an incident which Nessel
rode told with hearty satisfaction
in the Ems cafes that summer,)
and, now, the big cloud of war
that has hovered over Europe, has
burst, the result may prove that
the cards were not such liars after
FLA.1 r T
Bxruv has 800,000 inhabitants,
mi it is now Us tlum city i
Ecaasatr t Seed lala Patliar.
Experiments have recently tended
to prove that roots and grains by
ueiug planted mucn further apart
than is usual, will actually yield
larger crops than are now to be ob
tained. This has been shown to be
the case with potatoes, and more
recently with wheat It is found
that the wheat plant increases above
the ground in proportion as its roots
have room to develop without any
iuterlerence with those ot Its nelah
oors. in one experiment, wheat
tnus treated, lurnisnea ears contain
log over one hundred aud twenty
grains. It was fouud, in the course
of the same experiments, that on
every fully developed cereal plant
tnere is one ear superior to the rest ;
and that each ear has one grain
which, when planted, will be more
productive than any other. By se
lecting therefore, the best grain oi
tne Desi ear, ana continuing to ex
periment through several genera
tions, a point will be reached beyond
which further improvement Is lm
possible, and a fixed and permanent
type remains as the Dual result.
Fiort ox Hand. We understand
that C. T. Lawson has. invited Si
mon Jones, the ipelliet to cross the
Mississippi river with him in order
to test his plnck. Slme has not yet
replied to the Invitation, and it is
generally understood that be In
tends to pocket the insult and pro
ceed with a criminal prosecution.
Brandon Republican.
Baitiv'h is lK 1 tl l-r ,
The plan tf :..o t
opcaly spoken of even bv t
rcaiiy ought to know t
of it But this is alwa 1 1
here, and can hardly r e o:
where the voluntary to . .
of the whole people is et;
It consists in a simui:.,.
vanceof the whole srir.y, v.
the reserves, towards t I
frontier. The four nj;iia r;t;.;
leading from the Elbe to '.
will then be altogether sto; j ;
private traffic during the r s
tined to the conveyance of i.
It is supposed that each of t
railways can convey 20 ,i
dlers a day. The lcomot.
wagons returning next day, "
again may be conveyed
same railway the third (bv, v
they wilt have collected at 1
stations in the east, or wul I
been echeloned along the !'
Thus, the 240,000 men of t
North German army, now Li
sons east of the Ruine, will 1 ;
the banks of that river the :.
day after the commcnceait-.t .
the movement The rescrv -i
follow as they come in, wl a'
Prussia, is very quickly, a l
Landwehr this time not t'
to act on the aggressive, wa i
up the garrisons.
iue advance will be cone-
upon Paris, unhesitating nu 1
ceasing until the French arc ;
Neither an attack from i' i
nor a French diversion in
em Germany will be heeded.
strategical part of the war !r-1
sidered here much easier t!
was in the Austrian em-
when the Anstrians and !
sought refuge in the natur.! '
tress of Bohemia, which hud I
invaded by mountain pacs '
f the great battle and the f
march upon Vienna could t
place. It is supposed, in f..
known, that Austria will n-
neutral if Russia does. K
probably wilL . If, however,
tria does not, neither will 11 1
And then there would be si.;
two wars, a Franco-German
and a Busso-Austrian on. '.
latter undoubtedly of slow ;
gress, and thus not int-..,
with the other. For the I r.v.
German war would be far t
rapidly brought to an end t'.
Busso-Austrian one. ( i -
Trim th M. T. rinnif'il f"
ri.lAftCIAL, fKO-.f i .. j .
Although another wo k 1 - -ed,
and brought with it t. .
an actual outbreak of be
tween the opposing ar"
vailing tone among o ..- i ,
men is still one of great u
ty. The question now ibo-t t . -estly
discussed among the , i t
so much as to the possible t , , i
war upon our commercial i.i
as it Is in regard to tha n-"' -duration
of the war itself. , .
be terminated in a few week, or a,
farthest, in a few months ;
the struggle be a long snd dc ; -
ate one, lultlmatoly Involviug't;. .s
other great powers of Europe la i'.j
lhabest opinion upon this eu'i-
jeet, can, at the present momcat, U
toonaea ouiy upon tbe nrob&hui-
tles of the situation, but Utcra
seems to be some weight in
fact thalseveral of tho lc.j:
man baukers of this city hav :
ceutly been shaping their ore:-.
nous in sucn a way as to appsm-r-ly
show that they believe la
speedy termination of the war, and
a reaction In gold and government
securities to their former prl
n uatevor may De tie couim li
the war, however, we shouid care
fully guard against the nractice. to
common In times of financial ex
citement ot attributing to tuaau.,
ana aiarmiug causes those cUiu
bances in the market, which rcIlj
are notningmore than the or..; , -aud
usual fluctuations of bii,;,;- '
or speculation. For 'Instance, t 1 ,
export of specie, amounting pr
baps to about $15,0u0,0tf) siuce tU
war exoitsment began, has b"i
talked of as a very remarkabln sn
alarming feature, while we find tl-.
intnenve weeks following .in'... t
180S, we exported abont $ 3,000,0 'j v
oi pecw, ana in tne same period
of 1SG9, about $11,000,000. T ;
is naturally an overflow of gold to
Europe at this period of the year,
uuiu iu payment oi juiy co!nnn,
and for the settlomeut of commr
cial balances.
A seoond nolnt which must
considered In this connection j luU
targe extent to which tn mrtrM
on the continent in England . .
uiw cuuuiry are controlled I -speculators
; and the tempoiary u ,
spasmodic Irregularities n hidi
are coutiuually working to pro
often with too much suocea,
not be mistaken for gotiblne
serious causes or alarm In re '. s .
financial affairs. There b".s p. .
bly never been a time when t
practice of speculating, not c i. ,- .
stocks and bonds, but a:o iu -dues,
raw materials, manufaot
and in short in almost e ct v
cle known to commerce, v,
general, it it is at the present "
and this circumstance thovJ I
kepi steadily iu view l y r
uumuem men wno clou5' to
Inlnrv ft L -! .. l . . ,
through the speculation w
iu taiiing a general v --
whole situation, we tb'-
elded more favor.-.' '.o ;
o. It is tine t : t t ...
Lii'iiid has a.lv
in, i.' i to 6
on'y a j

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