Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1855-01-03

AUGUSTA RAcEs.-The annual Racing over
the Layfayette Course is nigh at hand, commen-
cling on the 9th of January next, and lasting du-
ring the week. The Purses offered are not only
good, conside ring the pressure of the times, but
very creditable, and already there are on The
ground number Of the finest stables the coun-
try can produce, q number more are expected by
the first of next week, among them Col. Boyden
g. Cheaham's string, with Augusta's fnvorite
Highlander, ut its head. Col Moores string,
with the Maid of Or cans and Magrath at its head.
Mr.. Youngs string, consisting of Ned Black,
John Hopkins and others, and Col. B. Williams,
with his three colts.
From present appearances VIC have every
prospect of good weeks racing, and such of
our country friends as have time, and are fond of
the sports of the Turf we think can enjoy them
selves during The week by paying our city visit.
Constlutionalist, 80 ut.
DECLINE IN Rents In New YoRX.-It is sta
ted that there are one hundred and sixty-one to
let" bills posted on buildings in Broadway alone
and that there have not been so many unrcnted
stores in that street ut any lime since the great
crisis of 1867, lis Mt present. The Evening
Post says:
This is the natural result Of the exorbi!ant
rents that have prevailed in that great thorough.
fare. Only year ago, and the common price of
first floor, 20 by 80 in good location, was
$4,000 per annum; of whole building, 25 by
80 or 100 feet, ten or twelve thousand dollars
and we know one instance in which the owner
of fine edifice, situated not great way from
Canal-street, refused to fix definite price Tor
the store, go by about As feet,) because he had
been offered SO much more than he had designed
asking-one applicant proposing TO pay $4,000,
and 10 deposit 10000 worth OF good stock as
collateral security for the payment of the rent
and . no didn't know where the excitement would
stop" That store has never yet been occupied,
has u to lease" notice on it at the present mo-
ment, and, may be lisd, doubtless, for halt the
amount so repeatedly offered and spurncd.
ANOTHER CALuMNY REFUTED.-At the re-
quest of many of our subscribers, we reput-
lish the subjolned paragraphs which appeared
on the fourth page of Wednesdays Courier, in
our usual synopsis Of the state of the money
market.
The Montgomery, Ala, Mail Of Thursday,
says:
Intelligence was received here yesterday that
notes on the Banks of Camden, Cheraw, and
Georgetown, South Carolina, We're no longer
redeemed in Charleston. This news created
SO me distrust among bankers here, aud some of
them in consequence reject lhe notes not only
of the institutions named, but all Of ali interior
Sout-Carona Banks This is suicidal policy.
There is not even Il rumor that these notes are
not redeemed at their own counters, Until then,
it is creative of unnecessary distrust, and pro-
motive OF very bad consequences 10 reject Ihcm"
We are deeply indebted TO the Mail for lis
prompt defence of our Banking Institutions,
and can assure it that we have every reason 10
believe that they are beyond suspicion. The
stockholders are liable to double the amount of
their subscriptions, and there is no instance we
believe on record of any bill holders ever having
suffered from the failure of bank in this State,
consequently the citizens of other States need
have no fear relative to the prudence of accept
ing any Of our promises to pay-Eds. Courier.
To the above we would merely add that the
notes of all our interior banks are taken freely
not only at the banks in this city, but by our
citizens throughout the State; aud, for our own
part, we shall be mos happy TO receive as many
as may be sent us in payment for what is al
ready due 10 us, or for new '"' ipiions.-
Charleston Courier.