Georgia Historic Newspapers

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MACON DAILY TEL1
EGRAPH. 1
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OLD .SERIES, NO. 13964
\ ai
MACuN, UK0KG1A. WEDNESDAY, DECEMBER IS, 1865.
(NEW SERIES, NO. 184.
ATTORNEY*.
C OBB A JACKfiOR. Attorn-at l», Macon.
I ita.oflrtopptJilB fol onf, oBttat
TT%... i. Hurt ttrret. *i
howkU i s • i APSBJittBBAtt
H*K$ fe
KfTefraaipt attention to all WntMiuM to
r« *aur, JR. ' \1 , ■> * bass.
<k*7J«* . - - „ ;
ir « P. WHITTLE, Attorncj. at Low, (ode
La omrajac'a Dm Bton, next to CWII{
L’s. WmrtSj. » ) . i f Kl- WHITTLE.
PHYSICIAN* AND —WWW* '
|REMOVAL-Dr. B. A. White noworeapte* two
a.»,r tolRC.
fosaJateht or
IAB Ma n. HOLMES, to*
MB be ecu be
jiuHj at-enU
| -limirance _A.gen.cy,
T M. BOARD MAN D Ajrot for the following
| M • reliable IxanuxcE Covraxiz*.
THE LORILLARD FIRE INSURANCE CO.,
or tbs'citt or xi* xoax. | r _
Caab CapHal.."........:... BLNfcfto
AaaeU .. — ,.j..tf.M. «L318,000
ProBU annually divided, 75 oar to the dealer*.
This Cotnjatij divides three quarter* of the net
Pre*.
ARLI8
/on C. Milw, Sec.
yOBTH AMERICA FIRE INSURANCE CO?,'
or thx citt or axw TO**.
Otob.A(ttoBi.,i, *731,468 50
Polley Holder* participate In the Profit*. '■ :
„ W K.rr,r.. JA8 ' W ; °™.
y' ~ ' jjl r i -If
ODMMOKWEALTII FIRE IKSBRASCE CO.,
or THE CITT or IKW TQES. .
......9350,000
"Y _ • , „ ■ ' J. IIOXIE, President.
Uco. T. Haws, Sec.
Brown . Hotel to tee
itnn, Between Poplar and nt™—- ——- - — -—
"SH T‘-?’S r ffiriaMhtal uutoaTFT.e hukisifcUt!
SKKW'saMSs.*’* "• L£
. ■ ! A8BURY HALL, Proa.
Aim* Caaaa, 8«c. t ta
THE GEORGIA HOjFefFrI INSURANCE CO.
el ;.ne or coli.mbcs, oauuuu. * ™
C. /. WKWKIKLT, flloMorofnuup
SSSKfca'SSfSSBi.'
mUT-M.
D OtBre Mulberry
j. m. .r
tValaat,
h R. W. P. PARKER—natoeace an* oflee on
Malberrj atreet, (opposite toe Med»»lXol-
lage.1 where be aw J be foaad at all boar., day^yd
««r Knott A _ rntylMm
TBHTMCmiA-Pr, J. Bnu<K« gMahear. <*
MT MBtoh^tfaA*(d«^inHaee
atreet.
r toe aaylarafurthe
*°S-
. mr ,
Com—10!l MERCHANTS;
TEWRTT A BHIDEB,’ WMcaiUe Cotwaia-
rI alon Merchant*. and General Agents, ttooond
atreet, betwaea Cherry and Poplar, Macon, fca.—
Prompt peraoaal attention (Ira.
menu «C cotm, pwiiT
^HMtoiM^nau'pStoi dftoe'ionntry.'Agenta
Ur aereral Brat rtaaa Inattrance Companlca.
ut.ll.lm*
JEWELERS.
r H. own—'.. .
*1 . Watebe., J<ro«di7,pV.
pMMLlhdd, Surer and Steel Spectadre, Ac. At
Itooid aland of J H *88 Vlrjfn. Cotttm Aren nr,
Mm^oa.
Writ Mr. P Heltell will at
tend.
PURCHA8MO AGENTS, , , .
Third atreet, - - Macon, Gcorgl*.
'H7’E oiler onr aerrlcea to the public, and will
-f V Y -Wtre petaonal attention to all bolalneaa en-
trusted to ns.
We aollctt conalgnmenU of gooda of ererr de-
acription, particnlrrly country produce.
~~ analnta |*«m
•tore honac.
p J. HARTLEY, WATCHMAKER, late work
Mama.Ua. WatcW Clock.
HARTLEY, WATCi . I
n foraidnry It. I)ar, continue, to repair
. at preaent la the I lord Uetoe Rulldlo.^,
> Medleal OdWga, Mollierry strceL
tmiakcr and, Jeweller,
rafrom the corner of
a well aelectcd aisort-
r Watcbm ind Jewelry,.
AUo. Watchm and Jewelry carefttlly repaired by
. mpWBlm, r
MISCELLANEOUS.
M ACON DAILY TELEGRAPH Job Printing
Otfice. Job work of every deacrlpllon execu
ted on abort notice and In good style. Terms ri
C 1 J. ULAKE, real a-lato agent, Macon, Ga.
I. Persona hating hours lor sale or rent, or
persona wantbwto’ rent hetiaea, cannot be bet
ter nulled Oran by MUng on tne. From my
lung experience. In tbo real entate bualnoaa.I aui
better prepared to give natblactlon than any other
lirraun In the city. . tLj. BLAKE.
Maren, Ga, Sept. to. Mi§ j j
r P J. A D. LANK are now olRring for sale a
1 • large lot of Sole and Upper Leather. AUo,
Train OH by retail. Next door to Express offlcc,
Mjron. Ga - novU-am*
CaplUL.
1>. f. 'YibOOX, Sec;
JAB- F. BOZEMAN, Pro*.
on Cotton, Merchandize, Furniture or
- taken in either of the above "
Mt liberal rates.
* «*? ,f“!5!LP¥9“pQl_s44.
1 «S»Sm J. M. BOARDMAN, Agent.
■Q.^NNErfi BRO.,
COMMISSION MERCHANTS,
Meaara. Hardeman It, S parka, Harris A Roai
and Errv. J.'W. Bnrke.
Rou, Aab-
T. e. bidoei.t. n. L. squich. a. r. wskkex.
RIDGELY, SQUiER &, CO.,
COTTON FAOTOnS.GENEKALPliODUCE
AND COMJIISSION MERCHANTS.
:,t,0 ., Xunlcr House Bull^dg,
macon; Georgia.
I /laOT^lHdlhilitt; OiSC:
T. K. Bloom. JJ. WUcoz. Gen, J. T. Croxton.
Macon, Gil Holme* & Patterson, Hopkins & Bro.
Now York. C. W. Bruner, Savannah. Tucker &
Co., LouUvlUe.
oct27-3m.
VIRGINIA AND TENNESSEE LINK
T HROUGH receipt, given by the Agents of the
Southern Transportation Company at freight
I to Baltimore s«l New York, at guaranteed
per hundred pounda aa nor hale on Cotton, all
IltiggU'vunri Faultily Jvracy Wagons,
from Concord and* heath.v.houO.j I
W E will noon have a supply of Buggies, top
Family Wagons and ltarneaa made to order
atCONCORD AND BKATTLEUOKOjuipnawly for
this market, and will warrant them to give entire
aatbfacUon to all purehaaeni. Wo a 111 sell no
work not made expressly to our order. Those
from a distance can addreaa tu at -l.t.-onlto care.
W. C. Singh tom, 6r at HawllusvnfejHTS
<Nt7-3<n McDI FFlE, MASON A OO.
SCOTT, POWELL & CQ.,
BANKERS & BROKERS,
3d Street, MACON, GA.
ftiulir lu Fordfn and DomestlcXxchange,Stock*.
Bonds, Gold, Slim, Bank Note*, dtc.
inir boott, c. a. xiTfiso, a. m. rowku.
School Bookn.
rcirt’i!,Towns’ and McCnfley** ne-
_ ri« of Readers.
Robin*on’a,Smith'», Davie’a and Doad'a Arithine-
METROPOLITAN HOTEL.
LATE BROWN’D/.
IKnAIapfan, I), 4?, V
I bis leading Hotel, Renovated end Ke-lornished
!- now In perfect order lor the reception and ac-
ooramodatlon of It* old patrons. oetl-3m
^HOWiJfiLltD HOUSE,
El’FAULA, ....... ALABAMA.
J. IV, Howard, Proprietor.
'*, Mouteith'a Colton and
Geographica and Atlaasea.
curb's and amities and Bullion's English Gnun-
Faauuellc*. and Pinncv's French. '■ ' — 1 -
Copy Books, Slate* and Pencils, Taber's Lead
l’encits, GilUot'a Pena, (No. 303.1 Portfolio*,
Urcam Laid Writing Papers, .Bon Ton, Opaque,
Canary, Melon and White Laid Envelopes, asaort-
nd Guitar String*, Musical Instruments,
for Mein way A Sons, Socbbcllcr &
A Gale'* rifuoa tor the Slate of Geor
gia-)
, Combs, Brushes, LuMn's Extracts and Soups,
Pomades, Hair Oils, Pocket Books, Playln; Cards,
All al U*j lowest prices. ' '
JOIIN C. SCHREINER A 80XS,
scpl7-3iii Macon, Augusta and Savannab.
Christian Cue I Latowllh Phelps,
| Caldwell A Co.
I the akortcat notice.
wx. y. n»nop.
R. M. BISHOP &, CO.,
WHOLESALE GROCERS
•Vo. M Jf/vfa (d/in* door* kb is Cdumhio
Stmt, Cincinnati.
Tuck, Our la A Co.,
Wholesale Grocer* and Commission
' ' Merchants,
333 Main street, between Eighth and Ninth
streets,
Loclsvji.i.k, Ky.
Consignments Solicited" '
_aagaMJm • ' ":a*iM : !*• '«l»*
A. S. HARTRIDGE,'
J. M. COOPER,
Auction & Commission Merchant,
ALBANY, GEORGIA.
\\/ ILL give bis personal attention to the pm>
VV chaae and shipment of COTTON.
HE IS ALSO PREPARED TO MAKE LIBERAL
Caah. .A-dvajices
On Cotton in store In Albany, Ga., for shipmeat
to Messrs Xouto-v, Snaiauntn A Co., New York.
hlm»clf tli&t he can jjlve entire satisfaction
(OMMKslON iNU FOHW.IRBWfl JMSIS'
Rmprotfully refers to J. B. Rosa A Son, Msecs;
T.JLJobmoo, Alabany.
MERCHANT.
92 Bay Street,
SAVANNAH, 6A.
oct29-2m
Co-Purtucralilp Xotlrf. >•'
T HAVE Tins DAY with mein
A business Mr A. R 8KTMOUJL
Macon, Ga., Nov., tA 1*5
jamcs sxr>rotr-J [x- n- rrasigr
SErMOUR & TINSLEY
: Commission Merchants,
«aa C. MUCMAXAMw^r ATf^KXW BVC MAN AX.
ANOREW BUCHANAN & CO.,
Grocers, Provi^n Dealers,
CommlsAton and Forwardin^M^rchants,
. ,„a^„ .» So ' ^ •“***»- [ : T Particular attention given'to the purchase
U>1 Is\ ILLS, - -- -- - - * * k* ' and .hipping of cotton, cotton goods, etc
Oidaaa to.A—M Prvvl-ioai, B»<j.iiur and ; aorlwild ; ‘ 1 jLa
- executed VaxhiiHf 4 Cha«anooi;a Railroad.
JEWELRY - STORE. rjX) Px.-rongcrs for the North xnd Wc>t Express
CHERRY STREET, MACON, GA
respectfully rol!Icitcon.-ieumentsot Groceries
and Produce of every description.
E. J. JOHNSTON & CC.,
rp.l!
1 J JL train leaves Chatti
Jtihmonville and points on Tenrw*<e river, Padu
Have re-established U»* old and wttl Vno.u' oto. Cmr^nd St Louis, and Lc.nisvIUeutdNa.h-
vlUe RaUooad.
Faro from Chattanooga to Nashville S 7 75.
on W. A A R. R. connect with this train.
1F.WELRY STORE and WATCH REPAIRING
BUSINESS at
Ho. 0 Colton Avenue,
aadartor Masonic nail. '
They have Jnat received a select atotk *>f »M ! l.‘ m v rowdved and forwarded on quick Unre
rtiMfi tadqaalitk* of pood* kept In tbeir lint, * re 17 moderate rates. ' : ;T J. -
; incladln^ \Yatche<* Jetdrv, Spectacles, Gold iff? WM. P.
», Owlee Cutlery, l’ort Monalck, Ifervchanma, ^
iW, Bnukca, Violins-, Guitar and Violin' Geu’L i*«»#cnj{tr Anient.
octlS-Sm.
MAMMOTH DRY GOODS STORE!
Latest Arrivals from the East,
i b. k. vntndrr.
W. L. KNOTT.
of all d.-scriptioti-.
| o.*ortmeatofXoU»
K.'itaAL- Trinuninga in general;!
fine White Linen in large quantities: a good line
of fine French and English Shawl*: the latest
style af Plain and Fancy Balmoral Skirts; Ladle*’
Shoes—larger than any other hoiue la Macon.
We arc alio In receipt of a very large indwell
■elected slock of Gentsh^to—m
MraUIag Gooda not aorpaaMhle In New York
City.
We are ollcring to thepnbUc to aell all -goods
with a very small advance, and. in fact, lower than
diy honaeia Mamm.
tones’•SKSaS'lSS
JODOUf DOBKln (be East, ire can, tnefexore, Rite
, in dixnclwdrtn, torther emU attention
and clegant supply of Goods, which
with great care by onnelvea; and
this market baa qualified us
of the purchaatag com-
'aBonr old (Heads, as
to
TTSSSS^ mcrchanta^vrin find K to thdr J ^ '*9* lir ^ to
advantage to give u* a call. within tea days. w|
GLASER A ROSIN
SAMUEL D. IRVIN,
Soessii-r.-t j Lfvi « 1'-'. i a ,t' C • •' '• i i.i B 1
ATTORNEY A T L A V> \
ALBANY! GE6rGLA
' ' V"Ill! ' ,u
Real Estate Agent for Sonthweatern Georgia.
Proo.pt attention given to an hualnesa entrusted to
hla car*. , novI4-0m
E.
THE G-EM.
W; THOMAS &
"l
sib
Have fitted tip the GEM in elegant style wiinL _ k
furnltnrc. They have a splendid BAR, well stocked
with the beat liquors, Cigara, Tobacco, Ac. Their,
fine stock of Wines, in bottles, will be sold at the
most reasonable prices in the tnarkoL
THE EA TIXQ DEftl It TiLENT
Offer* to the public the finest Bill of Fare in the
mirket. The bestYork river Oyitcrs arc always kept,
oq hand, fftjab, andean beliafl In any quantity, at
Mltttttt ' can he supplied
thejowest market rate*. Fapiilies a
In any quantity and without delay.
E. W. THOMAS
i Georgia.,
AS A Co.,
Gem 8«I0on, under Floyd House,
nov3L8m ■ Macoh, -
^ 8 HO RTE3T,
Cheapot and Quickest Route
TO
N3JW YORK and BALTIMORE,
„/l BytheGreat > bto
Virginia and Tennessee Line,
Thntjfh Ercciptt giceii ly the Ayentt ttf the
SOUTHERN TRANSPORTATION COMPANY
From I MACON to BALTIMORE *13,35; and
NEW YORK *13,50 per bale.on Cotton.
Rate of Insurance cheaper than any other route.
All packages should be stamped S T Co to fiicil
Rate transportation.
THURSTON, R. BLOOM,
.Agent, Macon, Georgia.
' . ;y" . . Y. G. RUST, i i,
nov31-3m Agen^, Albany, Georgia.
W5I. U. TISOX. W«. W. OOltDOX.
TISON & GORDON,
Cotton Factors, Commission and
FORwADIKQ li^BCIINT^,
1H> Bay Street, SavamuOiq Georgia.
S PECIAL ATTENTION wUIft»e ^ventothe?ale
of Lumber. Rotvin, Turpentine, &c. We arc
again at our old olBce, prepared for business. An
experience In this city of over eleven years,and our
undivided attention to all busiueil entrusted, in-
dncea us to hope lor a continuanco of the liberal
patronage heretofore extended. ocfS^JJm
^~ErMrBRowN;“;
OPPOSITE THE J. AXIS It I/O OHE,
-arwyniTTHTniitn the attention of his .customers
VV. and the public generally, to hla large and
well-selected Mock of '
Foreign & Domestic Dry Goods.
Which he offers at very small Advance on Gwt
-TIIE STOCK CONSISTS IS PART OP
Bleached Domestics. Brevvn Domestics, Prints,
Ginghams, French and English Merinos,
■jT Alpacas, Jlolimf, Poplins, Thyhcts,
J I Opera and Fancy Flannels, _ De
laines, Silks ill great vnrie- '•
ty, Linens of nil grades.
IlooptkirtcofhU thee and Balmnral Skirtt oj
- Superior tntHe audjinith.
Your si>ecuil attention is called to my
CLOAK AND SHAWL DEPARTMENT,
WHEKE TOO WILL rlSD THE LATEST STTLES,
NO UVEANT-E■ trA-DIlS-8 v -if A VS,
• -,-A BEAUTIEOI. ARTICCE.A T.
A Splendid assortmerir Ilf Dress Trimmings,
Perfumery, Soaps and other Toilet
Articles, Veils, White apd
Fancy Good*, Gloves,'
Gentlemen will Hud agtwdatoniment of GEN
TLEMEN'S FURNISHING goods, a large lot ot
Pocket Knives, the Ashlcnable Rug or Fancy
Blanket Satchels, and evsvythingelae belonging to
^Tottose who nave not traded with me In former
day* I can only saf. R* ve “ e • trial . while 1 “»
satisfied that VI old customers have but to read
V> J gS^“"^H^BBOWN.
QO <154bn . Opposite the Lanier Hopw.
BOYD <k GORDON, a y.i
Wholesale and Retail Druggists,
Cherry St, 2 Doors below Telegraph Bnilding,
MACON, GEORGIA.'i.-''
We are rccttvlng weekly additions to onr stock of
DRUGS, .
MEDICINES, . . ‘.12
' PAINTS,
.1- OILS,
GLASSWARE, ETC.,
and we solicit MERCHANTS, PHYSICIANS, and
PLANTERS, to call and examine opr stock and
prices, before inn haring elsewhere.
N. B.—Special' attention gtfeo to. PRESCRIP
TIONSanu ORDERS.
novlG-3in BOYD A GORDON-
Southern Transportation Company
BILLS LADING FOR MEC1IANDISE GTyEN
through from New York to the following
Uane at ,....*4 « pertflO lbs
Americas at : 5 50 per 100 lbs
Albany at 5 C5 per 100 lbs
Cuthbert at 5 77 per 100 lbs
Byfca- at Tl'Ml f WO lbs
The Roads are now in good working order, and
good* com* through' pTMnrtW.- 1 **''”
T. R. BLOOM. Agent.
noTSVlm . a .oioct. Alw-fia, Ga I *
ings. Doable Barrel Sporting Gnns and Tackle, j I H H
r.r. ;—:■•!! -rap-. Marbles, Ttqjs, China Dolls, The Latest AlTiVal.
Playing Cord*, Dominot*,* Backgammon and Chess
Men, Lubln’s genuine Extract.', Toilet and Shaving
Soap*. nov34-d2m
Fire Insurance.
E. C. GBANNISS,
General ln>uranee Agent, Macon
3 THE Cotton Warehouse located in thia place ' .
thl I ^»^^i^d a ^S D S.'WHIGLEY & KNOTT,
INTO STEPS AND DEAI.ERS
■aid road, can shelter all cotton that may be (hip
ped from Macon and other point* on the South-
wastern Railroad via Apalachicola to New York.—
We will receive an cotton consigned to ns, st the
zafiroad depot, drey It. rndpnt it aboard afthe! ...J • U
boato at one dollar per bok. t . Ja 1
S^HSSS&S?i^ardware and Cutlery,
gfoUy solicit order* tor the pnrehase of cotton. . ]«''*»"> *
long experience In that line wm enable ns to | ' ,
. JC purchases to the beat advantage to those who if"' 'm m
favor u* with their orderv • s Iwl : 1 1
howto operation a new Iron Screw
_We hart howto operation x nesf ||hii'Screw •
R. G. MORRISVk CO., 1 -i/r
Georgetown, j JVi.
KETXKEttcEsr-Rosa A Seymour, J. 5V. Fears, r. . 1 ,
iiggPovreri, E*q., all agenta on B- W. R. R.
-VroncE—Hack Hue to Pmy. Hack wiUIe»e HO USE
It Fort Yalley on the arrival of the can from i ij ;
BUILDERS' HARDWARE.
ecbani.es’ . Tools
.FURNISHINGS.
Macon every Tarnday rumday and Saturday for
Parry, G*., returning to time to connect with
trains from Albany and Columbus—o’clock, P. M.,
tor Macon.
octSl-Sm* W. A. GRIFFIN A CO.
4
WILLOW WARE.
13 ui ckets, Tubs
COLLECTOR'S OFFICE, —
United States Inteksal Reyenit.
1st Diviiiom 3d District. Georgia.
Macon, Dec. 5, W». ]
The Assessor having returned to me a list of per
son* assessed for Licence*, ctf^ tor the- counties of 1’
mbb *i>drMgprer,.th)*. imittltim* >—Jo n—mt/r
that thc Llcehsos are now ready for delivery, and . '• . . ,
that theyaro retpiirad to tail w send fer tbem Ralston’s Range, Next to Express Office,
■ lawful money is not row recommended,
Sqcretaty is of .(lie. opimop thgt
NEW ■ STYLE MEAL SIFTERS,
At Wholesale and Retail.
decfi-IOt
J. C. McBURNEY,
’ Collector.
,|l
MACON, GEORGIA
FURS WANTED.
■ WILL pay tor Mink Sk|ns, prime, 7.5 cent*,
. Opossum Skins, prime 35 cents,
Coon Skins, prime,'20<ehts, |K)
Bearer, Otter, and DeerSklns according to val-
;. N. K. BAUNUil,
Dealer in Dry Cords, Triangular Block,
nov 20-lui Macon.
Cotton Shipped Direct
Plniio For Suit.
■.n.
WKl'KW' —Tfi
\ SPLENDID 8EVBN OCTAVE nANO. One
of the very best. 'll'-
deett-it , I. R. BRANHAM.
For Sale.
1,500 BUSHELS COTTON SEED, Boyd’s Pro-
lido, neir <*rop.
ALSO
1,000 BUSHELS CORN.
dccG-St RIDGELY, SQUIER* CO. •'
Heavy Stock of •»
BOOTS & SHOES.
W E are now -drily m-civing large additions to 1
onr stock of 1
BOOTS, SHOES AND HATS,' 1
to which we taTite the attentlbn r or Country' Mer
chants and the public generally. " " '
Our stock is fame and varied. We can fill a bill,
lroia a coarse Brogan to the finest pump-sole Gai
ter, of from a heavy Kip Boot to dne finest Pump-
Bold ! Alto, Ladies, Misses and Children'*
BALMORALS, BOOTEES AND GAITERS.
We are anxious to trade, and parties wishing-
good stock, at very,low prices, can bcuccommpdu-
ted by calling at oaf store. ::n
. Opposite Lanier House, Macon, Ga,
deCJ.3 SINGLETON, HtjNT Sf CO.
5VTTII BUT ONE HANDLING.
X HE mibAcribers having made arrangements for
rebels to ply between New York and.Darien,
will receive cotton ou board tbeir l>oxcs at Macan
and Landing below, and give bill of lading for the
Mine through to New York. r
The Importance of shipping cotton by this route
where the veseels meet the boxes and wlicn practi
cable, transfer the cargoes Immediately lrom the
boxes on board the vowels, giving it thereby but
one handling, will be readily appreciated by all
cotton 6hipgej¥.
IK SU.n AXCES.
They are also impowered to Wttre cotton ship
ped on board tbeir lioxes to a limited extent and
at moderate rate?.
BUTTS & BROTHER,
•"** dcc8-2w Macon, Ga.
• NFTW FIRM!
Sr E w Gr O O F) S 3 !
:'.i : itit-'jt ■ nimi•••
NEW" PRICES!!!
;•
rt ir**- ;/ f * * 9 'f.' 1 ^ ‘ ^
■yyiiolesale and Hetail!
E. EINSTEIN’S OLD STANiDV
HARDWARE AND CUTLERY.
SCAEEAnT & OUED,
Iron Front Store, Cherry street,
Have in store and arc receiving dally a frill com
plete stock of Hardware,.Iron,Steel, Hoes, Chains,
and Tools of every disenption.
PLANTERS,
CARPENTERS,
MERCHANTS,
• ■I'.J MACHINISTS,
BUILDERS;
i0 ", . BLACKSMITHS.
Carriage and Wagons Makers can be supplied with
everything in their line. 7
1 ' Vor Sleum Saw Mills a Full Assortment of :
RUBBER AND LEATnF,R BELTINGS,
- CIRCULAR AND MILL SAWS
We ar? eatistied that with five years experience
and personal attention to buainess, we can make it
advantageous to the interest of purchaser* to buy
Of us. Call at
dec2-lm * CARHART & CURD.
T HE undersigned beg leave to inform the ladie*
of this city, county and Ylcimty and the pubs
lie in general, that he ilis now open and ready for attention
sale at the well known and popular old stand of
E. EINSTEIN’S, TRIANGULAR BLOCK,
Ouc of the beet vetekUA Stock* ot ' ‘
Staple and Faney Dry Goods
to the Southern piarkcta. Tl»q goods were scjcct.
cd by Mr. Eixstxix with great care; and as he U
now in the New Yotk market »r the sole purpose
of selecting goods, and watcitog the best oppor
tunities for buying, I hayc she advantage over all
other merchants who are *ot similarly situated.
I shall receive new addition* to our stock eve-
2 week, and will beaTurays prepared to exhibit to
e public goods ofrnc
Best Manufacture. Latest Styles,
-1.// • AND • "1 '* •
Lowest IKiT : i 0 ty:#r i © e s.
ily stock consists in port of the following'
coeds:
Prints, ::
' Printed DcLalncs, .
All Wool Delaines,
a-T Empress Cloth, *-
. , poBDeOrivnad r 1 >
English and French Merinos, .!;
Scotch and Ycnitian Flaiis,
Solid, printed and figured Poplins,
Black DcLalnes,
Alapac**;'
- Black Silks, , _ .
Merinos arid Bombasine.*,
And many other goods belonging to the
DRESS DEPARTMENT
A full and complete assortment of .
Linen Cambric Handkerchief*; u> -
Ladles’ Linen and Embroidered Cnffit and Col,
Boland 8h*kcr FCappels,
Plain ami Fancy Opera Flannels,
Bleached and Brown Canton Flannels,- Blan
kets, Ac:, t . M'm .-fit:':nit •»
Hosiery, 1 - j. .
Gloves, , .: „ .. tafeo
Ladle*’ Merino Vests, ■
Table Linen, ’**!>• " -
; Table Cloth, r I'-'B ' ' ■'
r Towels, - a ■ ■ ■■ -
Toweling;,. ' .. !
And all other article! belonging to a
Number One Dry Goods Store.
Wc call the special attention of the ladies to onr
CLOAK AND SHAWL DEPARTMENT,
And ray with confidence, we wilt roll these arti
cles at* _____
LOWER PRICE,
Than any Other Ikju-c in the city and WARRANT
the goods to be of the , . "1 . • i
Beat and float Fashionable IWnnu-
a l il;/ far £ a PC-, ’
Invitation to Give Evidence.—The committee
on the financial operations of the State send* us
the foifoning for publication, and we call especial
Mtt—1 to it:
Miluedoevilee, Nov. 38th, 18C5.
Whereas, wc have been convened for the pur
pose of making “a thorough investigation and
examination of the financial operations of the Stale
of Georgia from 1861 to the present timet"' ' '
sire, without prejudice or partiality, to t
the duty imposed. We invite all persons to come
forward and give, under oath, all the evidence they
may have that will threw light on the subject mat
ter of investigation.
On motion, the above resolution was referred to
the Provisional Governor for publication.
THOMAS SAFFOLD. Chain»*n-
C. J. JORDAN, .
o. alochivane. ■
111 • Exwoutive Office, 1
"d MBlcagcvUle, Nov. S8th, 1885. (
The Telegraph will pnbllsbfor two weeks, and
request that the Columbus Enquirer, Atlanta In
telligencer, and Chronicle andSentlnel of Augusta,
also for the same length of time.
J. JOHNSON,
U dcc5-d2w_ Governor.
•miTr- notice. ’
TlfTE take thia method or Informing the public
V V that we have disposed of our store and stock
to Motors. T. J. & D. LANE, and it affimU to
pleasure to recommend them cordially to onr
lHeuds and customers us energetic, obliging ..and
reliable business men.
dec9-3t IRWIN & WHARTON.
•-, v'tiKj •>*•»
Good Tliing.-i Still at the Corner.
■
l^TE, the undersigned, take pleasure in inforni-
T Y ing our frlnds and the public generally, that
w« have again resumed business In Macon, at the
well known “WHITE STORE,” corner Third and
Cherry streets, formerly occupied by Messrs. Ir
win & Wharton, and Invite all,; both lrom city and
country, to give us a coll. We feel confident that
we can supply all with articles in onr line, such as
nats, Clothing and Family Supplies, on as good
terms as can be secured anywhere In the city.
dec9-3t , , T. J. & D. LANE.
Office Urao* Cocxrr.RAiLnoAp, 1
December 1ft, 1865. f I
T IE annual meeting of the Stockholders,of,the
Upson County Railroad Company, will be
held In the town of Thomas ton, at one ofthe ||"
at the Court Hondo, <
K Court
this month, to elect a Board <
rob^to
Saturday the 00th day Of
oard of Directors, to man
age thfe business of the company fortlie year 1«C6.
It is earnestly requested that all the Ptockhoiders
attend, as business of Importance will be before
the meeting. • A. J. WHITE,
dec2*td President.
^“Journal Messenger copy.
GEO. W. HARDIE,
BROKER AND COMMISSION MERCHANT,
r ‘ : MACO.V, GEORGUL
Collections made with quick returns. Orders
received for the Purchase or Bale Of Cotton, Bonds,
Real Estate, etc., etc. Gold for rale, also Exchange
on New York and Louisville. Office on Cotton
Avenue, Freeman’s old stand. dec2-12t*
oct 15 Cm
A. SPRINGER.
Macon, (ia.
: NOTICE TO COTTON SHIPPERS.
T HE SOUTHERN TRANSPORTATION Com-
panT are prepared to Issur through receipt*
from Mafon and Albany to Baltimore and New
.York vSTthe GREAT VIRGINIA AND TEX-
NESSr.E LINE, and raamntee a thronch prlcu
m . TR BLOOM, AgT Macon,
Y G RUST, Ag^ Albany.
perUfito.
EIGHTEEN Marine, Fire, Life and
ACCIDENTAL
“Confederate Generals.”
srBEWARE of bad nmutm AND
'! HCMBTG'S.w33 .. 'yrTua
AV1NG during the late war, collceted
Land for Sale or Rent.
I WILL sell two good cotton plantation.-: one
in Lee co. countuminiruboat (2500; tv,.
hundred .acred, the other in Macon county, contain
ing (-400j twcuty-four acres, with about (150) j til teen
hundred acres in cultivation on either place; and
with them, if desirid, will sell all necessary -.to:k,
provision.-. %vc. Or 1 will r- nt a half interest in
either or both, to a good practical planter and cul
tivate them on joint account. Address me at Ma-
i»n. Go. * N". BASS.
dcc5-2w*
.jST E W FIRM ■
SINGLETON, HUNT Sc CO.,
OPPOSITE L A N I E It H O USB,
MACON,.GEORGIA,
TVTOW hare In store, aud for f-ale, the largest and
JL\ best assorted stock bf BOOTS, SHOE*, AND
HATS, in the South. Those wishing to buy, to
aell again, will here find facilities not'* urpoAsed by
is# -rt garlltn
C|c jpailg CtJfgrap|.
\iKDNESDAT MORNING, DECEMBER IS, 1S65
THE NATIONAL FINANCES.
Anniealjteport^ tic Secretary eg tie Treeumry.
BOWER OK CONGRESS TO I98CE CIHCCLATIXB
L‘ notes; . , .
The right of Congress, ait all times, to bar,
ro*r money xuid-to-issue obligations lor loan*
in such fun* as may be ebriretuetit. Is un-
?stionablc; but their authority to'iasue-
■ ligations for a circulating medium aa mon
ey, anti to make these obligation* a legal
tedder,,can only lie'fotmtl in themn writ ten
law wliieh sanctions whatever the representa
tives of the people, whose (Inly it is to drain
tain the government against its enemies, may
consider in a great emergency necessary to lw
done. The present lefeal' tender aqts were
war manures, and white- the repeat "Of'those
provisions winch made the United States
TTA
Hi
A T
I L ji-.vSketches5imUPlivtograph- ? forltlie V*'ur
liiBuSnn orienal Nesutivc-,. from life, of t
j pn-minent “Confederate General*” and xtato-men
TlwnrmiPP f^oTTll IRTlitPS. ofthe Youth. I am aow prepared to road by mail.
LllMUHUU; | } ^mtfete, ou receipt of price, * UtoRke tdrato- | oct4-3m
_ . - *. . i irrauh of anv Geared orprominent officer formerly n re Tom c-
. And b- fully prepared to tane r.-k> upon themo.t - j n t Ls- t'oefedfrateor Federxiarmier. Sioclceopies JSlUSGOt.
— Turpin & H txr t Z ' S j reasoaaM,- terms. The .-.piul iu,--lv«l in the j 35 cents, or 4 eopns for ?_i. Z*T All Photographi f
_ ! Cotapanies I repri*
J UST RECEIVED a larer ^nd weU rolertedl
5tock of Overcoats, Businv^e and Dreaa Suita. |
Also, the la tot atjla of French, English and
tUeae acts,
ducea standard of value, in times of peaqe
lower than the coin standard. ‘ much less to
perjwtuate the discredit which must attach
to a great nation which dishonors its own
obligations by unnecessarily keeping in circu
lation an unredeemable paper currency It
has not in past times been regarded as’ the
province of-Congress to furnish the tjconlc
directly with money in any form. - tlicir au-
tlionty is “to com money and fix tho value
thereot;” and, inasmuch as a mixed currency
consisting of paper mid specie, has been found
to be a commercial necessity, it would seem
also, to be tlieirduty to provide, as has been
done by the Nati null Currency Act, that this
paper currency should be secured beyond anv
reasonable contingency. To go bevond this,
however, and issue government obligations
makrng them by statute a legal tenth? for all-
debts,public and private, is not believed 'to
be, under ordinarj-. eiycqmstaucc, within the
scope ot tlicir dutitg or constitutional pow
ers. ' 1
The re:isous which are Jonietbncs ur-Vd' in
favor of United States notes As n permanent
currency are, the saving of interest and
their perfect safety and uniform value.
OBJECTIONS TO A GOVEItNMEA'rAI, OBBRlCNCY.
The objection to such a policy arc, that
the paper circulation ot the country should
he flexible, inrrea-.iifg and decreasing accord
ing .to the requirements of legitimate busi
ness, while, if furnished by the government,
it would be quite likely to be governed by
the necessities of tho Treasury or the interests
of parties,, rather than-the demands of com
merce and trade. Besides, a permanent gov-
eniment currency would he greatly in the
way of public economy, and would give to
the party in possession of the government a
power which there might he strong tempta
tion to use for other purposes than tlio public
good—keeping the question'of the currency
constautlvbcfore the people as a political
question, man which few things would he
more injurious to business. : v, ■'*»•> -'
But the great and supcrable objection, as
already stated, to tile direct issue of notes by
the government, as a policy, is the fact, that
the Government ofthe United States is one
of limited and defined powers, arid that the
authority to issue notes aa money is neither
expressly given to Congress by the constitu
tion, not tairly inferred, except as a pleasure
of necessity in a great national exigency. No
consideration of a mere pecuniary character
should induce an exercise by Congress tfr
powers not clearly contemplated by the in
strument upon which our political fabric was
established. The government, in the great
contest which lias been recently 'closed, has
not sought to increase its own powers, nor
to interfere with the rightful powers of the
States. The questions decided by the war
arc, that the Union is indissoluble; that what
ever is essentially ojiposcd to it must bn re
moved; that the Federal authority, within
its proper sphere, is supreme; aiul that the
validity of acts of Congress is not to bo de
termined by the States, Iret by that tribunal
which the complex character of the govern
ment made a necessity. It is the crowing
glory of tho constitution that this great war
has been waged and closed without the pow
ers of die government being enlarged or its
rotations to the States being changed.
The issue of the United States notes as
lawful money was a measure expedient,
doubtless, and necessary in, the great emer
gency in which it Was adopted, but tUuemer-
gehey no longer exists and however de
sirable may be the saving of interest, and
however satisfactory these notes may be its a
circulating medium, these considerations will
not, it is respectfully submitted, justify a de
parture from that strict construction ofthe
constitution given to it previous to the war
by patriotic men of all parties, ail'd which is
essential to the equal and harmonious work
ing of our peculiar institutions. The strength
of the government has been proved by the
manner in which it lias carried on the great
est war of modem times; it only remains, for
the vindication of its excellence and tho per
fection of its triumphs, that all powers exer
cised for its preservation, but not expressly
granted by the constitution, he relinquished
with the return of peace. IVhilc, therefore,
the secretary is of the opinion that the im
mediate repeal of til? legal-tender provisions
of the acts referred to, would be unwise, ns
being likely to affect injuriously the legiti
mate business of the country, upon the pros
perity of which depend the welfare of the
people and the revenues w hich arc necessary
for the maintenance of the national credit,
and unjust to the holders of the notes, lie is
of the opinion that not only these provisions,
but the acts also should he regarded as only
temporary, and that the work of retiring the
notes which have been issued under them,
should he commenced without delay, arid
carefully and persistently continued until ail
are retired. -i . ; ■> >' 1 '
In speaking of the legal tender acts, refer
ence has only been made to those which au
thorized the issue of United States notes.
The interest hearing notes which are a legal
tender for their time value, were intended to
he a security rather than a circulating me
dium, and it would he neither injurious to
the public, nor an act of had faith to the
holders, for Congress to declare that, after
their maturity, thcy.shall cease to he a legal
tender, while such a declaration -would aid
the government in its efforts to retire them,
and is therefore recommended. H . .. i',
COXTKACTIOX OF THE CCKKEXCX.
The rapidity with which the government
notes can Ire withdrawn will depend npon
the ability of the Secretary to dispose of se
curities. The influences of funding upon the
money Market will sufficiently prevent their
too rapid withdrawal. The Secretary, how
ever, believes that a decided movement
toward a contraction of the currency is not
or.lv a public' necessity, hut it will speedily
dSmpst* the apprehension which vert- gen
erally exists, that the effect of such a policy
must necessarily be to make money scarce,
and to diminish the prosperity of the coun
ter-
It Is a well established fact, which has not
escaped the attention of all intelligent ob
servers, that tile demand for money increases
(by reason of an advance of prices) with the
supply, and that this demand is not unfre
quently most pressing when the volume of
any house south of Cincinnati, a* the entire stock currency i- tl.r kirgest. and inflation hat
has been purchased, FOR CASH, from the.manu- ; reached the culminating point, ilonev liein-
Lictu*vr>> in ilifc citit-s of New lork ana Boston. j __ . . *•*.» •
A good supply 0! TRUNKS AND UMBRELLAS mi unprofitable article to hold, very little w
will also be kept vn baud. withheld from active use. and m proportion
The firm hopes, by constantly replenishing, ar.d to its ipcrca.-e prices advance; on the other
by strict attention to business! to merit a liberal band, a reduction of it reduce* price* ami
portion of public patronage. ■ . • ’■
• \Y. B. SINGLETON,
turned, to lie a calamity to any people. Gold
and silver are the only proper measure of
value. TlwYhave been made so by the taeii
agreement of nations, and are the ncocs.«arv
regulator of trade, the medium by which bal
ance* are settled between different countries
and between sections of the sunn countiy.r-
A» a universal measure of value, they are a
commercial necessity. The trade between dif
ferent nation* and iictween section* of the
same country is carried on by an exchange of
commodities, but is never equally balanced
bv them; and unless credit* are being estab
lished,' the movements of coin unerringly in
dicate on which ride the balancC Cxists. ’
If tho United States buy of other nations
—•* they now and generally do—more than
they roll to them, it is evident that 11 balance
is thnii created which must cither H settled
in coin or continued as a debt
'' Tjfot bflnnces between nation* rihould bh
promptly paid ia.thfr dictate of wisdom, he-,
canfieIrtprotMit payprent tip) adverse current
is checked before the debtor nations beepmes
scriuMMy InfUNMIwhile on'the other hand'
if (hey are permitted to accumulate^ their 1
■ OK HONEY.
£1
Quarterly, ..
Monthly, .
A0(
of the creditor nation! ' Even with the vast
■reasc of gold and silver which hat taken
(ee within the last quarter of a century,
the specie which is possessed by conuneroial.
nation! Is a very inconsiderable sum in com
parison with their fortignand domestic prop,
erty exchanges; and no nation can afford to
continue in traffic which Utavefi it with ahfikvy
debt to be paic\ ip the precious mctsls^anletti
.. -i-k-*- — - —L- — rotluctions,
icy are pro
ductions. Whcn there are no" kttlHcial ob-
staclos.in the’wny,'and Unlahtcs between na
tions arc promptly settled, tile flow of coin
ificisl.
Towiiicl
the banks:
5S32
What
if the
or txro loniwr,
>Vlulc there h
ofurotlils in t
lank* have :
there hashea
l>cen ultima',.
be tin
BTtU OF AN ABEND
There arc no indications of real and per
manent prosperity in our large importations
it of foreign fabrics; in the heavy operations at
our commercial marts; in the splendid f
tunc* reported to be made by skillful manip
ulations nt the gold room or the stock board;
110 evidences ot increasing wealth in the fact*
that railroads and steAmboats arc crowded
with passengers, and hotels With guests; that
cities are full to overflowing, and rents and
the prices of the necessaries of life, a* well as
luxuries, arc daily advancing. All these
things prove rather that a foreign debt is be
ing created, that the number of non-producer*
is increasing, and that productive industry is
•iug diminished. There is no fact more
Amfest than that the plethora of pajH-r
oney is not only undermining the morals of
the people by encouraging waste and extrav
agance, but is striking at the root of our 111a-
' ,1 prosperity by diminishing labor. Tli
is not at present beyond tin
legislation, but it is daily increasing, and. it
coilily checked, w ill, at 110 distant day,
lateinrivide-spread <lis:ister. The rem
edy, anil the only remedy within the control
of Congress is, in the opinion of the Sccreta-
ryjtq be found in the reduction of the cur-1 w n«» »l*<>true tluKel
teqev. L I tho eflnct of txecmhr
■ I AMOCNTOF i-.M'Eit Cl RC1 gatios. win never tke cun racy ii
„„ c t>e,at least a conemondi
The irapcr circulation of the United State* j ri- u tion of deisv.it,
on the 81st of Octolier last, wa* substantially Tim lirt-tM iictinn whi
a*follows: 1 to the measure mm
1. VnitedStatesnotesand traction- ] would, bv retluein* the
oureeney.... ,«5I,S18,ttK » r Uai: s reduce cxnmts
1 Bauk*...,,185,000,000 0» ' i™ , 1
Ineludriig It » doubtlc** true th
•fifiriltrwhnira rrmnn itmk* * .Wfrtrarato* raI for a tram I
verted late National Banka... t\000,0oa Op 1 tie a* of oar print raitlim
the conscrrat
to! tiuite uuanin
control of of the curren
specie pa:
daat ct
1 . Total via
. The amount of notes Mdnd to the Na
tional Banks up to and including ill; 31-t of
October, w a- a little over #30-5,000.000. but
it is estimated thnt #30,000,000 of these had
liotthcn been-put into circulation.
In . addition to the United States notes,
there were also outstanding #33,530,000 five
pprccnL Treasury notes, and #173,013,140
compound interest notes, of which it would
doubt less be safe to estimate that #30,000,000
were in circulation ha currency.
From this statement it appears tluit, with
out including seven and tliroe-tcntU notes,
many of the small denominations of which
were in circulation as tuouey, 11ml all of
w liicli tend in sonic measure to swell the in
flation, tile paper money of tho country
amounted, on the 31st of October, to the
sum of #734,318,038 30, which lion licen dai
ly increased by the notes since furnished to
the National Banks, and is likely to lie still
further.increased by thoae to which they are
entitled, until the amount authorized. by law
($300,000,OQ0) shall have been rcafbed, sub
ject to such rctluction as may be,made by the
withdrawal of the notes of the State Banks.
' j FORMER RANK NOTE CIItCELATtON.
'rilo following Is a statement iif the bank
note circulation of the country at various
peridds of highest and lowest issues prior to
the way:
Jim’y, 1890..*61,334,000 I Jan’y, 1856.'.yih5,747,WO
Jau’y t 1835. .103,693,4115 Jan’y, 1857.. 314,7T8,«il
Jan’y, 1830..140,801,088 I Jan’y, 1«8.. 15SJ»S,:g4
Jan’y 1837.. 141),185,880 Jan’y, 1800.. 307,103,000
Jan’y,' 184*.. 58,664,000 1 ^ ■
tsptirc
or, by n reduction of the prices of its cofri-
moditics which the loss, occasions, becomfrsa
,mote inviting market than before, and by at-.l
tract ing purchasers, reverses the. current aud
dnitvs again to itself "the coin ot whichit Had
bcefr.deprived. • -rat '■ -«•*» L'f ’i * tm , L l
' All this is Well understood, and if trade be
tween nations were carried on, by an exchange
of .products and a prompt payment of bal
ances in specie, no nation would ever become
indebted to another to an extent seriously to
affect its prosperity. . • . ml ■ d
All,serious embarrassment growing out’ tif
commercial intercourse between the people
of different nations results from failure in the
prompt payment of balances, and the carry
ing forward of these balances liy the exten
sion^ of credits..: f . M.. . " 1
The trailo between the different sections of
the United Slates is subject to the same laws.
If one section, in the course of trade, becomes
a ! debtor to another, the balances must lie
carried in tho form of debt, always expensive
and generally dangerous to tho debtor sectioh,'
or settled with money. If the measure of
value Is a convertible currency, and trade and
exchanges are left to the natural laws that
govern them, settlements take place prompt
ly anti without embarrassment to business.—
The banks of Tlio dehtor section arc drawn
upon by their depositors and note-holders for
coin; or exchange.. This return of notes and
withdrawal of'deposits, if considerable in
amount, produce a contraction of discounts;
aud this Contraction cither checks overtrading
or so reduces the price of products us to in
crease the demand for them until tlic current
changca'and the equilibrium'is restored. ‘ ' 1 .^Htotototo ,
This brief statement of the well-known laws , and rose to $314,778,833 on the 1st of Janu-
of trade not only .illustrates the necessity of j ary, 1857, in which year the next severe crisis
prompt payment of balances lie tween the U. j occurred; falling during that year to $155,-
Statcs and foreign nations and between differ; j 308,344, and rising to $307,103,000 on the 1st
It will be noticed by this statement that
the bank note circulation of the United Statin
increased from $01,834,000 to $140,185,800
betwoen tlic 1st ol January, 1830, nnd the 1st
ot January, 1837, in wluch latter year the
great financial collapse took place; foil from
#14d, 185^00 in 1837, to #58,504,000 in 1843,
ent sections 5 of the United States,' but the no- j of January, 1800.
cessity of having everywhere the same stan-'
dard of value. p. ;» • . '
KOH>lE« EXPANSIONS ANI) DISTURBANCES
It is admitted that 011 a coin basis there
1.0ANS AND DEPOSITS.
The following is a statement of
vantage was much luofi 11. u
by the largely incitww!
emment ami of tlic |tcon
very canoe that prmlnml
clrange. Ucsidrs, the apj«
lonijer exist*. The advani
United States, notwithstai
high rate of European
checking exports and fan >ioq
b creating a UtocF to m3
is likely to Ira the giiMiifl
way of an early resumption '
ment. Norau-t it In- Mpt
the ex|H>rt of our product iuon^
by tlic high rale of ev-hanjtr*
rale of cxrhance canl'lol Kor
them at exceedingly low pi
Unless an unusual demand I
is created in Europe liy ext
it will Ik ascertained lij
proper tables, that onr imu
our exports diminish, nrutc
a reilmulant currency. But
uresis lianlly necessary to
proposition. It b sulwtaat
ment of it. A country in <
prevail^* an inviting one t
uninviting one for puirhsra
try is unfortunately the Ui
present time. In order, I
may lw no mbappic&
attention of Congrn
a clear and interest!
Ntatistieian of thb
ing this report.
Every consideration,
been brought to thttd*^]
firms the com i.tntth i ~
stmted. If tlic bn
upon a stable lax)
from lx ing still fa
lw lew occas'
lint such is 1
healthy cut
nncrrta
ferreil i
♦*0,4.51, Oil S
965,163,0# ^
4-57,.500JAV i
635,11.5,0
posits and loans in thetsum’
. Vears. ' bepotita.
January 1, 1890 855, .560,000
January 1, 1895. S3,081,000
nks ! January 1, 1830......,,.116,104,000 nT'fjOn'hfcff f
were nominally paving specie. This was the January' L 1837 1 ’T,;;'J7,000 AAIUlooX?
case prior to the revolutions of 1837 and 1857, i January L 184-1 56,168,000 3M,6t4,o-
the expansion of credits have, in both in- jiiili™!' m-!? W4JW.006
stanceji, preceded suspension; but this does J„£u*!y lJ l85L.!j”!"fs.5'ici>!ooo
not militate against the theory just stated. ’ 1 January I, I860.!!!”! .’35^803’, 000
The great expansion of 1835 and 1880, end- j On the 30th of Selitemlier, tho
‘"■•iole flnancial ooUapec of | last quarterly reports, the depoaits and loan*
jHktoMiitofitotoMfellnMtoitototofetototototoitoMmiSB
’,731,600—919,045,630
M.W.!
601,045,000
date of their,
1837, from the effect of which the country did j thcliational1b^"thT^rman’1ilrno
not rally for four years, was the consequence j reliable returns of these item* from the few
or excessive bank circulation and discounts, j remaininir State banks* wen* .
with the State hanks, and swelled by curren-1 So wiiiclislioulil tie added— ’ ’
cy and: credits, until, under the wild spirit of Investments In U. 8. bonds
speculation which Jicrvudcd the country, in-J oii* othcr U ’ 8- *cenrt- _ _
bor and production decreased to such an cx-• * ■
mnt that the country which should hare been ' lll f uroH :,rL ' a history in themselves,
He great food-producing country-of the dtittbtfing not only tbn past and prxnewt ctm-
ivorld, became an importer of breadstuff*. dition of the ceuntry.in matters of exceeding
. The balance of the trade lias been, for a 1 tetteregt^bilt .indicating unerringly the dan-
long time; favorable to 'Europe and against K^jus direction in which the financial cur-
the United States, and also An' favor of the 1 rent ** *w*^nng. •:
commercial cities of the seaboard am! against: * * ■ * • »
the interior, hut a vicious system of credits j objections to reduction considi.ki
prevented the prompt settlement of balance*. Before concluding his remarks umm this
The importers established large credits abroad | subject, itnray Ira proper for lb Seerrtan
■by mean* of which they were enabled to give , even at the expense of repetition, to notice
favorable terms to jobbers. The jobbers, m j briefly some of the popular and plausible ob-
il wnommAjfl. —_ ... .. ... ... - * . ., 1
would
it It then seemed to he more reputable to nanci’al crisis,
borrow money than to cam it, and pleasanter,
aiid apparently more profitable, to speculate
than to work; and so the people ran head
long into debt, labor decreased, production
fell and ruin followed.
To this it may Ira replied, that prices or ar
ticles of indispensable necessity are already
to be sever’ '
so high-os to be -evercly opprc--ivc to con
sumers, especially to persons of fixed aud
™ .. . : moderate incomes and to the poorer ela-ras.
do the interests, but the alraol
At t
beta waged
energy, and wi
without a pit]
■ . -
ith a
of a similar cause, namely, the unhealthy ex
tension of the various forms of credit. But,
as in tills case, tho evil had not been long at
work, and productive industry had not been
seriously diminished, the reaction, though
sharp and destructive, waitnot general, nor a reduction of pric£ as to produce vcry'ae-
werc the ^barnL-isments resulting from it 1 rioU)i embarraiment to trlde. Tl.e
protracted.
Xow, in both these instances the expan-
nly do tl
necessities of the masses require that the
prices of articles needed for tlicir use ahookl
decline.
Nor is there any reason to apprehend, by
any policy that Congress may adopt, so rapid
sions occurred while the business of the coun
try was upon :t -pi cie basis, but it was only
ntiuiinally so. A false system of credits liad
intervened, under which payments were de
ferred, and specie as a measure of valneand
a regulator of trade was practically ignored.
E'. > tiling mm ed smoothly and app.-rentl;.
arosperotttM as long as credits could be
eirfnmuht'd and rontinued. Imt as-soon as
payments were demanded end specie was in
requl-ition, distrust commenced, and collapse
ensued. In these instances t lie expansions
preceded, and contractions followed the sus
pensions, bnt it will be recollected that while
the waves were rising specie ceased to be a
regulator, by reawn of a credit system which
prevented the use of it.
of the 1
ruu-j]
eminent currency can only, to any con
siderable extent, Ira withdrawn by sale
of bonds, and the demand for !Hinds will
Ira so nffeejed by the state of the inarkct/tliat
a rapid contraction will Ira difficult, if not j
impossible, even if it were desirable, earn
There is more danger to he apprehended ! and t
from the inability of the government to re-1 ]- a] . ,
ducc its circulation rapidly enough, than from j M .j ,
a too rapid reduction of it. It is, in part, to
prevent a financial crisis, that is certain to I the a
come without it, that the Secretary ree<tti-| f or ,
mends contraction. Prices are daily ndvffm u . ...
ing. Tlie longer contraction is def erred, the in-the" nil
greater must tho fill eventually be. and tin _______
more serions will Ira its consequences. It is I
not expected that n return to specie payment* ■
will bring prices Iiack to tlic standanl* oft f\S ''• ».
fonner years. The great incrca-e of the pro-1 \ * 1 '■ ■ '61
cions metals and high taxes will prevent tnis
hut tins consideration makes it tile more im
portant that all improper and mmecewary in
fluences in this direction should 1m; removed
Again, it is urged that a contraction of th
currency would reduce the public revenues.
It is possible that tills might Ira the inline
diate effect, hut it would bo temporary only
lepend upon the den i
ir national resources, upon ou
titer words, upon la
NOTICE.
Steamship Chase.
C ONSIGNEES or o»iki> of Good* por SIcuh- , Auturuan CAfr?imer>, together w|tk a floe assort*
rhJp Ch***, on roNAge from New York, Octo- : meat of _
W. C. SINGLETON.
. Y. J. HUNT.
& de QRAFFESREIDj
Attorney * at Law,
ONE RISK 51250,000.
21, 1865. will pleaftc prexat copies ot LaToir«»; ry . -pi • r • n J
for short dt-tivemneus ttod dcd*kctiou» , \j6HlS a HTTURnlTl^ (jOOuS^
” frknds and pstrom.
vermnera and dcdactioua
or if My, to the andOTipi^l, on or b*- which w coffer for »alc to
o#v Uk i5th day of Dcccoiher neit, tor tM pur- k0( j to the paWlic in grJ-ctaL al the lowest price-, i
’-'f :aakius thr adjustment ofthe general at - . s«:UMc to everybod)'-. mcau*. Com e and look : »or2»-lm
If wr do oot suit you, n.» charge will Ur made for
A Coax. Mining c’sx. • B# * t Ch ^ >wt »»aak«t can Attend.
.\Ucoa, (a, 36th Nor. 1865. i
Moekh [fart '*bucf Siiaree arc not fullpsud, arc
hereby ic^fied to pay an !u»uUlment ot Thirty per
cent on tk-ir Shan* on or before lat January next. r Tri ^
and afimvr In*bailment of Thirty per cent •»« or ,
1 tM-fortr IM tprtl, 1806. *
BjertemftheBo.rdofDireetGra. Koi* Sale.
HUNTER A GAMM KLL.
Eariaa 1 mu
TURBIN A HDRTZ
Trha^aUrlUuvU.
KD. L. STKOHECKEK,
“"•fi'-lawtirtorU President. J a RESIDENCE with a lot of three (1) or mure
- - I gV seres, in a choice part ot the town of Ran
’ Win- a Imm n4 UL
l Lot onUra Hawn rant tor |
[of a Cottage with tix r
1 it arc ail the 1
’. die* - ae t.» take un anv i are suitable for Albnms-tS: •
1 Sind for Catajogtic. Address- bv mail
oTOprv.-* LEE MALLOllY' MILLEDGEVILLE, ..GEORGIA.
War Illustration*. • ...
dec(ki5t* Macon. Ga. TT^ILL practice in and represent partita upon
—- —rtv——* \\ brief* famuhed beforr the SaprumdCourt,
A OhT xiie GonrU of adjoining counties.
xlol^cX • Special attention jriventc the collectionj»:uI for-
_ _ , warning ol Eiecativc warnmts upon the civil e»-
mmission Merchant. - tablii-lmient, Poor School, Pnuiln^ and Contingent ; this i- it u iKinedt
L * ▼ * . ^ . . ! diminished Industry. an»l\to the
Land .nvestieated, Copv Grant- fur- i ..jk
mfdsmaii..- ..5ren «***£«ii*- »tvliich it oimiiu^tiGa it. evil. Even :n I
the fdrin of tUtof^cci»/us' it ina
proved j 1 e wealth to a
2* coant ry^ nlceananiv
the amount of
Special ntcuxioti pvnj t*> the lnmr**ct hf ,cot
ton and all other »pecu» <+t property. ^ ...ML i
Ail adjusted promptly. ?*. -r-.-ur*
E. ft GBANNISS,
Agent, Macon, Ga.
S LlTHKDP, GKO. T. SMDft
Loto D.AE S. Lathrop, Late Ja£- I. Snider At
anoxb, Gw. Savannah, Ga.
and Bird!
Coltonhtow, Qw
E. S. Lathrofj & Co.,
Groth
[lUimy Baggius-
fiemg Rope.
Jaailta Rope,
1 9ue*r.
I Rio Coffee,
r Lard,
ntNai
1 Fund.
wTitiee
: I. Bei»cgk 7. F,- b
declaim*
j uat ,
! prices are, reduced, tilt demand for it tails
off; that, parudoxieaia.it may seem, a
i diminution of the currency may j„’ foct in
crease tlic supply of it |
Xor heed there be any apprehension- that
a'reduction of the currency—units, it be a
violent one—will injuriously affect real pros
perity. Labor i- the great source of national
wealth, and indu-try lhvariuWy- declines on
an inflated currency. The value of money de
pends upon the manner in which it L, n1
If it ttimulstc- productive ijjdrittry it isa ben
efit. and to the extent oiily to which it
’lie other hand, it
und inform a tb
Jn fCouMigninent,
. u a con
I ncous on#* wb
| perity is $
TIIE rr.ESENT INFLATIOX.
The present inflation following the suspen
sion of 18C1, is the result of heary expendi
tures hy the government in the prosecution
ot the War and the introduction of a new
measure ot value in the form of United
Staten Treasury notes as lawful money. The
country, as a whole, notwithstanding the rav-
ages of the war, and the draft which ha.s ; The public rev
l>een made npon labor, w, by its greatly dc- opment of
vcloped resource*, far in advance in real surplus production^; in
wealth of what it wsw in 1857 v when the last l>or. Tlic revenues derived from trun-action-
scverc financial crisis occurred. The people j ba^iod upon a luUe standard of value, or from
are now comparatively free from debt; the interest* that can only flourish in speculative j
bank*, with their secured circulation and ! times are not those upon which reliance can , t r.vci
large investments in goveniment seenritif’s, be placed for maintaining the pohlic cr» <Jit 1 1 -
althoughnot in an easy condition, and doubt- What a health r and reliable burinesdkoqnin-*
leas too much extended, arc, it is believed, . ia :: stable banfiL This it runnot have an -mt'
generally solvent; but the same canaep arc at as the country u inflicted with :.ti incomrrt-
work that produced the evils referred to.— j Sble cuitmk v, the value of which, as * *
There is an immense volume of paper money 1 the vant property which i-5 nica«ure<l by i-
in circulation—under the influence of which fluctuating and unreliable, and may in
prices, already enormously high, are steadily «nall degree controlled 1»>speculative cc.
ndvancing, and speculation is increasing— binationa.
which inuxtbc contracted if similar dbastcrB It i# also urged tbatj
would be avoided. would endanger the
It the war could have been prosecuted ot ing funding : smd
a specie Iwt-us, there would doubtle.^ have government and tl J
been a considerable advance in the j>rices of to pay in ^de-arc
those articles which were in demand by the their dcVft.- ^r« { , A
government: but ina.-inucli as in the condi- Tite
tion of our political affairs extensive credit^ • .-ni^tantiai
could not have l>eeii established in Europe, I ^annot unde
the tendency in this direction would ha\t-ynrg is Iikdj
been kept witlnu re.wonable cheek by the of
outflow of coin to other nationswliich v. ur.\ } the
have been tlie natural result ot the advancing by tfl
price* in the United States. On a bash
paper money, for which there was no outlet. 1&
all articles needed for immediate
which it became the mc.Wre of value, felt) 1
and responded to the daily iurrea.se
currency, so that rent* j * *
jinicles for which thj
have >»een. withj
[y advancing {rq
war,, and
»,OOo G 4l]
\ s.s#h:i kd
*> r
s L -
v, us|,,a.’«
(jonimitwiriy ~