Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1857-12-12

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pie surplus of means heldbT each Bank
above all its liabilities, and the obvious fact
that the Banks hold to the community the
character of creditors to much greater
extent than that of debtors, they felt as
sued would give entire confidence to the
holders of their obligations on.thcir securi4
ty. The opinion has just been justified.
The paper of this Bank, of which we can
speak more particularly, is received with.
out hesitation, and it has been tho means
BY, which portions of the crop has been
brought to market, and considerable pur.
chascs made of Sterling Exchange. The
effect upon the price of produce has beeu
manifest Cottonj which foil here to clcS,
en- cents, rose Immediately on suspension,
and has strengthened and improved since.
We believe it is now higher here than it
would have been had ithc contraction been
continued. In support of this opinion VIC,
may refer to a comparison between the pri-
ces at New Orleans and Mobile and at
Charleston. IL may be said this increase
of price is but the result of, and test of, the
cXtcnt Of depreciation of Bank paper, but
VIC think this is not the fact, for the pros
cecds of produce sold at the increased pri-
ces, are available to the planter to the same
extent as before suspension tits true that
for rcmittanccs to the North there is diff
ference in the rate for sight exchange, but
the coming in of the crops and free sale of
produce will, we believe, soon lessen those
rates. 1t is certain that no failures have
taken place among us; business has not
been paralyzed to the extent experienced
elsewhere; the great depreciation of all
kinds of property, arising from forced sales
to raise money, has been in great meas
ure avoided; and the Banks, by extending!
the paper held by them and intcrposing
their liability, Cor credit under suspension,)
have relieved the debtor portion of tho
in conclusion say, that they adopted what
appeared to them the best course under the
existing circumstances, and that however
in some respects liable to objection, it yet
has been attended with compensating adj
vantagcs. Respectfully submitted,
G. NJ. FuRMAN, President.
The London Times, after commenting
upon the present state Of trade in America
and England, says;
still the American mind continues cool.and
nothing distmbs its self possession. The
whole affair is taken RS an Inconvenience,
like the oss Of your carpet bag, but not as
ruin, and hardly an adversely"
CHARLESTON, Noy. 28.--The ship Bal
tic from New York for Charleston went
ashore early this morning, about three
miles from the South bar, and has now ninc
feet of water in the hold. There is every
prospect that she will be total loss. Tho
ship is partially insured in Boston and New
York. The cargo, consisting Of cement aud
hay, is insured in Charleston.
MISUNDERSTANDING Winston, of Ala
oama, in his message 10 the Legislature,
states that tie greater portion of an enors
nous debt has been liquidated; advocates
| a repeal, or at least modification, of tho
usury laws opposes the legation of otte-
ries urges the suppression Of lynch law;
endorses the proposition 10 exempt slaves
from sale Under execution, TO q limited ex-
tent; acknowledges tile unsoundness of a
general system of banking, coBceives it To-
be the duty of the Legislature to- require fe
resumptionofspecie payments by the banks
~ ah Sa'll 3PciiVu--lloJ sidleT' tUan May,
1858: and urges the necessity Of prohibit.
ing tue issue by banks of the State, of bills
of less denomination than five dollars.
ExERTIoN is the price of "a noble lifc.-.J
The pursuit of a noble object adorns, and
elevateS, and enobles, and piyiGes, life.---
Without a definite aim, life is like rudder-
less ship, drifting about between life and
death, bUfetod BY the winds of circum-
stances, and entirely at the mercy of the
waves. While one with folded arms waits
for future Opportunities, anothermakcs the
meanest occurrences subscrvicnt to gold
on result One labols to findsomothing to
do; the other labors to do something
When the Alps Intercepted his line of
march, Napoleon said, tI'here shall be no
Alps ~ When difficulties from poverty,
and difficulties from opposition of friends
beset him, Franklin rcsolutely determined
there should be iio difiStltics Greatness
ihas III its vocabulary nosuct word as fua:
| twill work it must sticceed, Happy il
he who, at the sunset of life, can recall the
years chat have gone s#ilt-footed by, with
out bringing before lima fearful array of
squandered opportunities. s@ ~
MAN.--1}ut few men die Of age. Al
most all die Of disappointment, passion,
mental or bodily toll or accident. The
passions kill men sometimes, even sudden-
/ ly. :. The common expression, Hehoked witt