Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1855-02-07

HAvNT SOLD MY COTTON"

6AVNI SVlU m1 CUIIUN.
The above is become most familiar phrase
among our people, and is considered u sufficient
reply TO all demapds for settlement of exis.
ting liabilities between the planter and those to
whom he may be indebted; and organized as
the business Of this country is, in relation to
the subject of credit, which looks to an adjust.
ment of the affairs OF the current year ut or
about Christmas, or during the cotton selling
season, the sale of cotton is the great lever
upon which the whole matter turps; and as
long ms the planters crop remains in his GIN
house or stored in the warehouse, it il not to
be expected that the owner can respond to the
demands of his creditors Very grave qnes.
tons may however arise as to what extent the
planter is just6ed-on the score Of policy, or
in view of his liabilities incurred on the strength
of the anticipated sale of his crop and reaza.
ton of the proceeds at the usual time--in in
definitely poslponing, from month to month. the
conversion of his cotton into available means
to discharge the debts for which 1t il implicitly
pledged; how far he ought TO or can consis-
tenly speculate upon the uncertainties of the
cotton market. So FIR as the risk concerns
himself only, the question is without NSffrulty
beyond more considerations of policy; but
when the interest, the credit, and The solvency
of others are Involved with them. and ali the
loss with none Of the gain falls to the share of
the latter, the case in its moral aspect becomes
mnre complicated.
We are at this TIME in the midst Of trying
crisis. The great scarcity Of money is a sub.
ject of universal complaint. Collections are
said to amount to little or nothing. and prcu.
mary distress prevails throughout the country.
The cotton statements from the various cities
show large stocks on hand, Of which, in the in.
land towns particularly, large prnpdr!i"n is
stored for account of pIaniers-thus locked up
in the warehouses Is a vast amount Of means
which would otherwise have been in circulation.
Much of this cotton has been -torrd at cents,
some at more and some at less; but it is cun.
ceded on II hands that the proceeds. even ut
the present prices, would materially relieve the
difficulties under which We at present labor.-
The questions We now make are these: Are
not our planters wrong IN all Gases in failing TO
sell when their cotton will bring a renuneEa-
ting price and the proceeds are due ln their
creditors? And secondly. having failed To do
so, are they nor now called npon by the pxi.
gences of the time to sell portion of their
crnps 1T least even 1T present prizes, that ,he
proceeds may TO some extent relieve the press
ing necessities which have in u great drgre.
been consequent upon their taiu'e To d. 80
heretofore? Is il right that our merchants and
others, who have looked to the proce d. of
this cotton to project their liabilities, should he
iurced to the necessity of raising money for
this purpose from out side SOURCES. ut ruillOus
rates of intrrest-or in default of this, To suf.
fer in credit or end in bankruptcy, brcan,e for.
soutt, the planter considers &c. or IL. or g.. loD
little tor his cntton, or in his opinion prices will
be better in the spring? We are ever Disposed
to counsel stprbeaTanee and patience nn :. ilsss
part of creditors; but something is due from
debtors, that forbearance may not cease to BIZ
virtue. or patience become fault. I'VE speak
az unto wise men; judge ye."-Columbus (Ga.)
Enquirer.
HORSE sroRIEs.-We give it up. We have
told some horse stories ourselves, but OUT If
Difference to trnth we kept close along shore
Here is one that throws all horse story-tellers
on, of sight and out of hearing. 1t is from the
Editors Table of The California ioneer:
We have heard The matter discussed as to
which of three or four gentlemen living, or as
the deeds have it, lying and being in California,
could tell the most incredible story. |! ha. been
proposed to test the rcIa i've merits by trial on
the race track ut the Mission Dolores. Lie and
repeal-best three in fve-f"r purse "f one
thousand tickets in Duncans. last rattle. But
we have n friend. good natural liar, az Bald
win says-not much known just at present,
whom We should enter on that struggle with
considerable reliance on his native talent. lie
was describing to US the other day the wonder
full qualities Of horse that he had trained, as hs
expressed it, to do everything Said he, II
taught him to sit at bench by table, and eat
boiled rice with silver fork" Impossible"
said we, "how could horse eat with silver
fork !" "Well," replied Pinto, hem! don't
mean exactly silver fork-it was one Of those
plated ones, you know, cost about So Dozen"
We said no more
HypERBoIE.-A Vermont horse jockey boast
ing the other day OF the speed of his h"rse,
gravely asserted that he could irot seventeen
miles an hour" Seventeen miles an hour?"
says bystander, Il guess as how that'sa thum-
per-" my dear fellow" replied he of the
Green Mountain, seventeen miles is no great
distance for the creature now; for when he was
but two years old. the lightning killed the uld
mare, and chased the coli all around the pasture,
aOithout getting '0ithin ten rods Of him."
LIFE IYsuaANcE-Mnre than huff million
of dollars was paid last year by the life irlsn-
rance companies doing business in The city of
New York to the families or representatives Of
deceased members. The average Of deaths will
call for an equal amount every year, 8" great is
the number of insurances OF the above SUN
very large proportion was paid to families who
would have had little or no property without
it.-Insurance Reporter
->s~
THE UNDERGROUND RAILROAD IN DANCER
A bill was presented in the Illinois Legislature,
on the 10th inst, TO event the carrying of c"l-
ored people on the railroads Of that State with
out the production of certificates Of freedom.
Any railroad company conveying a slave, with
out such certificate. to be liable to the owner
for double the value Of the slave.
SAD END To AN ENsAGEMENr.-Ac cor.
respondent of the Baltimore Sun writes:
"You have already announced the mel.
ancholy death OF young Alexander Bowman
of Hagerstown, Maryland, by fire at Phia: