davidaulloa/AmericanStories huggingface dataset:
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
Are Banks a Blessing?

An officer Of a banking institution
in an Interior town Of New York, 10
II letter to Thompson's Bank Note
Reporter, thus relates his experience
Of the effects of rag money upon
the financial condition of his town:
Before we (the stockholders Of
our bank) started the bank, we loan
ed the business men of our village
$4,000, generally on six, nine,
and twelve months; and when the
notes matured We renewed them in
whole or part, unless there we're good
reasons for not doing SO. For a
l,ng term Of years our village pros,
perel, everybody did we'll, population
increased and property advanced.
slowly but steadily, and we knew
nothing Of panics or pincfes in the
money market til. We started DOR
bank. Then W. called in a portion
Of our m ,ney, borrowed some and
subscribed Sl20, 000 capital, bought
100000 Of Safe stocks, pnt them
in Albany, got a hundred thousand
Of notes, and commenced banking
The result is that we shave, as y
bank, been able TO loan only $4,000
in lieu of the SI20.000 which ",
called in, and our loans have, OLA ne
cessity, been from thirty to- sixty
days. payable in New York, thu
keeping oui village in constan
fever, and under a constant expense
for New York funds. q
We can't help if; we dare no
loan on longer time, and we mus
have New York funds to protect on
currency. The mistake was in bay
, ing anything to losith a bank
after dedncting expenses, we hav
made legal interest only, and "
verify believe our real estate in tn
village would have paid better rent
and been worth more, and We knot
the merchants and mechanics woul
have prospered better, had we con
tinued money lenders instead Q
turning bankers.
This tells the whole story. Shan
banks, bogus banks, and banking
on what the bank owes, may, for
time, and during prosperous times
. give an impulse to business, and en-
able the bank to make interest o
its deposits and circulation; but rui
follows. The bank breaks; its Oft
GERS and managers are disgraced, an
its customers are distressed. tn
fsme of the village and State is tarr
ished by broken bank. Notbin
tells worse on the escutcheou OF
State than its broken banks.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
Very Respectfully,
Important Enterprise.

The people of New Madison are
waking up. and We are glad to see.it.
They have lately been reused from a
long but UNI asy Rip Van Winkle
,slumber. They say they have been
fenced in lohg enough, and a:e now
determined to open gap that viii
bring them iu contact with the rest
of the world. They say they want a
Railroad, and that they are going to
have it; that the Winchester and Ala.
.bama Railroad must be extended
from the Tennessee State line to The
Tennessee river. They have made
the important discovery that they
possess a section of country remarka-
bic for fertility, aud that road can
be constructed through if cheaper
than any road has ever been built in
the South. While they have SUM
bered and slept, the people Of other
sections, far less able. but much more
energetic and wide awake, have built
for themselves railroads, and thereby
become prosperous and happy. The
people Of New Madison snd Marshall
see this, and have now set in to Go
| likewise.
The friends of this enterprise held
meeting at Vienna on Wednesday
last, which WAS well attended. The
crowd was addressed at length by
Col. Hu Francis, of Winchester, who
showed the great importance of the
work, and urged the people IN the
most impressive manner TO come for'
ward and do their duty to thl mselves
to their children, and to their country,
His speech was listened to with great
attention, and we thought produced
the desired effect. Col. T. WIS fol.
lowed by Mr.. J. r. Abrahams, Cbiei
engineer Of The Coosa and Tennessee
Railroad, who made some very inter.
esting and well-timed remarks in re-
lation to the progress of the Roads
south of Tennessee River. S. S
Scott. Esq, next addressed the as
sembly 10 his most happy style. he
urged them with elcquence to come
forward and subscribe stock to this
great enterprise. He exhibited its
importance in the strongest light.
Major Fleming delivered a feN
plain, forcible remarks, endorsing al
| that had been said by the speakers
Books were then opened, but we
do not know how much was subscrb
ed, as we left the ground as soon as
the speaking closed. From the feel
ling manifested, we presume there was
a good subscription.
There is to be a meeting fer tht
same purpose at New Market to-day
] Saturday. = Hantsmge Independent
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
AGOoDHIT.

The Washington correspondent
OF the N. o. Crescent writes that at
a dinner given at the National OF
that city. by George Sanders, there
were "prcsent membersof Congress
from all sections, and among them
the notorious Mr.. Burlingame, Of
Niagara Falls mamory. Al the
dinner was over, and while the
party were all we'll charged with
amiability incident to such occasions,
Mr.. Burlingame took pains to make
himself exceedingly affable and famil.
lar With some Of the Southern
members.
: Calling a Boston man to him, be
said, 81 want you to go home and
tell my people upon whas good terms
I am With my Southern brethren
here He was about to add more
when somebody commenced to sing
the Star Spangled Banner. at 10
close Burlingame clapped loudly
and long. Turning to Southern
member who was standing near him
he said, "did you notice bow lapplau
ded when be came TO the land O
the tree?' .Yes,' answered th'
Southern member; "but, judging iron
the distance you go to fight,
thought it was the home ofthe'6rare
you were appfandiug. "Centrt
Shot, by" exclaimed a member
standing by. Burlirgame threwu
his hands, buzzed and huttered {
little, but took it in very good part
1t vas an admirable retort."
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
The sod Soldiers Bill"

The Washington correspondent OF
the Huntsville Advocate writes as
follows about this bill, and the prospect
of its becoming law
The bill which recently passed the
House, providing pensions for the
officers and soldiers ofthe Wal of 1872,
is not likely to become a law. Even
if it should pass the Senate, it is NOR
ally certain to be vetoed by the Pres
iGent. But there is little probability
of its passage through the Senate
1t is questionable whether it will ever
come up in ;hat body. 1t may be
consigned to perpetual sleep in the
room Of the committee to which ii
has been referred.
There is a wide difference between
the respective calculations Of the sup
porters and opponents of this bill,
as to the amount OF money there
would be required TO carry out its
provisions. The former contend that
three miiiiuns per annum would De
sufficient. while the latter maintain
that it Would involve an annual drain
upon the Treasury Of from eighteen
to twenty millions Of dollars.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
OUR ROAD.

Look OUT FOR THE LOCOMOTIVE
Tomorrow (Friday) the laying Of
iron on the Winchester and Alabama
Railroad will be resumed. So we
are Informed by Mr.. Estill. Chief En-.
gineer. Oar "brother chips of the
Fayetteville papers, can announce The
fact that we are coming to see them
as fast as the iron is laid, and we
know they afe anxious to see US
that is, the people Of Fayetteville are
anxious for the Road to be finished TO
their town. Winchester Home jour.
nohl3M.- a
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
FIeas in Harness.

We learn from the Nv York
Day Book, that a Professor BartO-
letti, 10 that city, has caught and
tanned some sixty Aeas. lie was
six or seven months employed in
traiuingthem for pablo performances,
but has succeeded even beyond bis
own expectations. The Day Book
says:
''IIe inserts the neck Of each with
in collar attached to a chain,
and obliges the little captives to per-
form all sorts Of extraordinary feats
of sagacity and strength. They turn
wludmills; they fight duels with small
swords, they drag rail caIs two hun
dred thousand times theirow weight;
they initiate Julian, the celebrated
conductor, with bis baton; they waltz
in couples, and otherwise amuse the
spectator. Their master feeds them
twice daily from bis own arm; be
requires five hours TO harness them
up in their collars, but when he puts
them out to pasture, releases them
from this durance vile. Some Of
the creatures seem to possess great
er talents than others; one the pro-
fessor d. clared he would not lose for
a hundred dollars; this vas star per-
6rmer.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
.RAIL R0iDLITERY STlnIEI


Z S situated on the main street leading from
IL the old Bell Tavern 70 the Town ford.
and was formerly the stable belonging TO said
Tavern, and ii is the intention Of the prOprie~
tor Of said Stable to keep $50 far as he * able)
a good accommodation to transient custom
ers as the times will admit Of, and would also
state to his friends in Old Lincoln. that favor
him with their patronage. that all attention
shall be paid to their stock. ard proper care to
avoid accidents, and that their horses can DO
Saddled or Earnesscd as all hours either night
or day.
Thankful for the patronage bestowed upon
him Tor the past. he hopes that the same will
be contiraed in his new. occupation.
JAS. b. CARTY.
P S.-Don't forget the pIace-where his
Stable is situated, j. 3. C..
Dec. %, lS5S-6m.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
Later frem Kansas.

ST, Louis, Jan. IA special
message from Governor Medary to
Governor Stewart reports that Mont
gomery is terrifying himself near the
Missouri line.
The .. IS, troops have been sent
there.
Volunteers are raising as rapidly
as possible.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
Reduction Of Public Expenditures.

Reduction Of Public Expenditures. |
We find among the recent pro-
ceedinga Of the Senate, the following
resolution submitted by Hon. Andrew
johnson, Of this State. The Wash
ington Union says Mr.. j. earnestly
advocated its adoption, stating that
the expenditures Of the government
had increas' d $500 per cent above
the, population; and if things should
continue to go on at that rate, We
would before long become bankrupt:
| Resoioed, That SO much of the
Prasi6 5nt's second annual message
as relates to reduction of the ex-
2enditures of the government of the
United States, which is in the follow
lug words. to-wit: 81 invite Congress
Ito institute a rigid scrutiny to ascer-
ftain whether the expenses Of all the
departments cannot be still further
lreduced, and / promise them all tie aid
in my power in pursuing the inves-
litigation" be referred to the Commit
Etee on Finance, and that said commit.
tee are hereby instructed. after first
conferring with and obtaining Ill the
"aid' and information from the Pres.
lident and the heads of departments
las indicated ID the Presidents mes
sage, to, report bill reforming, as
far as possible, all abuses, il any. in
1.-The application Of the appropriation;
made by Congress for support o
the various departments, and which
will reduce the expenditures to al
honest, Iigid, economical admins
Itratien Of the government.
The move is II good one, and VI
sincerely trnst will result in SOM
ipractical good to the country
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
Death OF Rev. JOSEPH FL. Faro,

DEATH OF Rev. JOSEPH Ii. EAroN.
We are psined to hear that Rev.
Joseph Ii. Eaton, President OF the
Union University at Murfreesboro,
died at 2, O'Clock on Wednesday
evening last. He was a learned,
pious and anab'e- gentleman, and bis
death will be a serious loss to the
community and the cause oi educa-
ton. =
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
MARRIAGE ExTRAoRDINARY.-Th

Wadesboro an. Co. Argus says:
In the public square. at Monroe,
Union county, by 7. c. Wilson, ESQ,
Mr.. Thos. Watts, aged 80, to Miss
Mary Hayler, aged 65, both paupers.
The marriage fee was made up by
subscription among the witnesses, and
ten cents worth of candy distributed
around to commemorate the happy
event:
Ahale old man was Thomas Watts,
But Mary was Hayler:
Good luck attend the match, and may,
- Her first born be Whaler.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20

The State Of Arkansas has not
a single telegraph wire within Der
borders. A project is on foot for
establishing one between Memphis
and Little Rock.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20

"0ppOsIneN" TACTICS. The WASH
iugton correspondent of the Cinciu-
natl Enquirer writes thus:
4 strong effort will be made in
Kentucky, and every other Southern
State that elects members Of Con-
gress next year, to secure the cleo
ton of Americans. "A strong de-
monstration in these States, it is
thought, will have very favorable
Influence toward the nomination for
the Presidency Of Mr.. Bell, Of
Tennessee, by the Black Republicans
aud Americans. In 10 other way
can the American portion of the
Opposition hope to have candidate
of their own nominated. As ! said
In previous letter, Chrittenden is
given up. Bell is the only man in
the South whom the Black Repub-
licans would think of supporting out
side Of their own ranks. You will,
therefore, perceive the mighty eff
forts that will be made to befeat the
Democracy IN Kentuckey, Tennes-
see, Louisiana, ard other Southern
States.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20

TAxAGIoNN CUBA.--The amount
Of taxes annually collected in Cuba,
is S2S,000,000, which is equal to a.
bout S4S for every iuhabitant.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
RarfeH-

n WILL gise the highest market p,ice for
Il all the Dried Peaches. Apples and Pears
Feathers, Wool. Wax. Seng, Taliow. NesI
Bags, Socks. brown Jeans, white Iipssys. stc
that you will bring in to I. c. GooDRICH'S,
Cash s'ofs- Sept %.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20

. A FAST TEAM-The Oskaloosa
{ Iowa Herald, of the 10th uIt., says
a mail coach left there the day be-
c,r, -, - =--:=lu.. 80
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-01-20
From the saelbupi1e Tus Union.
Pork Statistics.

We are under obligations to
Messrs. Cummings &. Co., for the
following statement Of the number
of Hogs they slaughtered this sea-
son, and the amount Of money ex.
pended by them. Such men are
very beneficial to any community,
! and our citizens owe them much for
their efforts to advance the interests
Eof Shelbvyille and Bedford county.
Appended Is their note:
EDITORS TRUE UNION: At your
request We baud you hereunto an
nexed a statement of the operations
OF our House for this season. We
have killed $4,000 hogs, the average
weight of which. frora The hooks,
is 209a lbs. The average yield OF
prime L'rd per Hog is II lbs. We
killed last season only about 1900
Hogs, average 100 lbs per hog. We
have killed thus far this seaDn 400
| Beeyes, and are still slaughtering
/ Beeyes, aud are DESTROYS OF buying
100 bead Of good lat Cattle, weigh
ling from 400 to 1000 pounds each
! We have .disbursed in Cash this sea.
! son about $4,000, which. hi:
been SCATTERED through Bedford
Marshall Lincoln and Cites coaa
| ties. ~ )
:, Very Respectfully,
CUMMINGS {. Co.. s-2
Pork packers SC.
At The Pork Packing establish
; ment of Barrett, Gill & Co, 5,O0i
t hogs were slaughtered, ,ayeraeirl
I $50 lbs -eacil-m making Total Of II,
1000 hogs slaughtered at this p!ac
!, Itbis season. This is all tie informa
: zion we c.m inlpart relative to III
, hog crop at present.
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29
IMPORTANT FROM lApAN,

DFtcuttg bet,ceen the American Consul General and
the Council Of State refusal Of the Government to
send Comnaissioners 10. Washington.
We lind in the Rotterdam CoHrant, of July II, the
following letter from Japan, containing important
information for the American reader 1t will be
seen that IN consequence of a misunderstanding
with nsul-General Harris, the Japanese Govern.
ment now refuses to send Commissioners to Wash
lngtQn to exchange the ratification of its treaty
with the United States. The letter, we learn from
reliable source, is authentic, and its facts not to
be disputed. s' .'af
Translated for the New York Times from The Rotterdam
Coardnt ]
DECIMA, (Nagasaki,) March 25-A few DAYS aoo
received intelligence from Y edo that four Ameri
can merchantmen had arrived at Kanagawa, near
that capital, for the purpose of trade, although
that port according to the treaty. is not to be open
ed before the 4th July of this year.
MIR. Townsend Harris the American Consul
General at Simoda, on receipt of this information
LETT Immediately for edo with two American
steamers, then visit to Simoda, and instead of
ordering those merchant vessels to leave that mort
as was his duty, he applied to the Council of State
for permission to allow those merchant ships to
trade in anticipation of the treaty-even strongly
insisting upon compliance after the request had
been refused by the Council of State. The Council
however, persisted in its refusal, and desired Mr.
Harris to Immediately order those merchant ships
away. t7-+ % ..s...
The japanese Government felt much displeased
with this act of the Consul General the more So as
he had promised that no American ship not even n
man-of-war, should visit the Bay of Yedo before
the treaty goes into effect In consequence of this
the Japanese Government has changed its mind in
regard to sending Commissioners to Washington to
exchange the Publications of the treaty.
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29
TRUSTEES, SALE

or
-z4sAV VALUABLE REAL and LEASEHOID PROPERTY
s @ OF general order the Court of Common
vent destors the undersigned trustees for the benefit
the creditors of William Dorbacker an nsoivent debtor will
DAY Of September next, at II O'Clock, A NJ the following
No TWO LOTS, situated on the northwest corner Of
d ana faca streets fronting 70 feet on Pratt street with
alley by alaIge and commodious LEX
with for 125 horses and the other situate on
southerly Paca street 100 feet inches TO Columbia street
then westerly on Dover street a feet inches thence
ty with Paca street S feet to Pratt street. and
ming mgrGTTsd BY d large and wen known
d %e C Seng a s@ee to s
O ground rent Of 9 Per annuT payable quarterly
street BEGINNING y feet from Paca street and binding
m street 10 feet inches and running back of that width
eeE 70 court This lot is in fee and improved by
neT Of Pratt and Green gs d IRON te northeast cor
ed then with said lot north 70 feet to lot No above men.
north still with said lot 90 feet to Lemon Street thence West
cry on Lemon street 81 feet and thence by straight line
h Ts sgTg / q PFa By
lease to John g. Hewes for $1,000 per the three
Gs na 1n dfmGn street a By
end ana tne includes vacant lot at
whole lot is subject to ground rent of sl4OO payable
The stables described in No and and the blacksmith
p no =, are leased to James Crangle at rent of
privilege to the lessee of renewal for years more unless
his own use. F'' '0'
NO ALSO ALL THAT LOT the northwest side of Co
Yh9e ground heretofore assigned by Jacob Wolf to Thomas
~ Hand &c and thence southwestery Columbia street
~ eet 10 an alley ~ feet and inches wide, and running
PACK on SAID alley IS feet thence still northwestery about S.
on that outline p e to the northeast 5asnGe
OF sad entire ground thence souheastey on said outline
o. ee inches to the beginning This lot subject to the
rent OF 80 o. payable semi annually, and is improved by
'rStestory BklCK DIV ELLING commodious and well built
me terms of sale are-Onehaf purchase money
be paid in and hafin Il months with Interest for
when the notes or bonds Of the purchaser will be required
Win approved security or the whole may be paid cash at
the option of the purchaser m - -,
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29
THE EXCHANGE MONTH"; YAD VERTYSLNG
SUPPLEMENT FOR SEPTEMBER I'D


Will be issued as usual on the first ofthe month.
Our Agent, Mr.. G.. c. HOFFMAN, will receive adyer-
tisements from those who wish to appear in the
next number, or they may be left at our counting
room.
-G1> Terms, one dollar per square, each inser-
ion.
MS~The usual reduction will be made in con-
tracts for space, by the year.
Ng~No advertisement competing with Balti-
more interests inserted in the Monthly.
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29
---------------------
LATER FROM HAVANA

The steamship Ocean Bird, which arrived at New
York 18th inst, brings later Havana advices.
Another cargo of Coolies, numbering 400, arrived
under the French flag on the 10Th. = rH..-a-
Correspondence Of the Neio York Associated Press
HAVANA, Aug 21.-The Queen of Spain has
granted an annual pension of 200 reals (of cents
eachl to the widow and children of the carpenter.
who died the coast of Africa, whilst engaged in
cutting timber for the purposes of the navy, and
also an annual pension of 300 reals to the daughter
of man who bravey assisted in the defence Of the
city of Sargossa, in the years 1908 and 1902 s
Los Lennis, Pedroso Co., large merchants of
this city, suspended payments about a week since.
and it is feared they will have to fall their indebt
edness being stated as very large, and to force a
sale of their assets would be ruinous
Exchanges are without transactions, and a de-
cline is anticipated. On London 14@i5 per cent.
premium. On New York and Ea.tern cities, 2@5
per cent prem. On New Orleans, 6@6L per ct.
prem, short sight
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29

4 ARRIVAL OF THE MOUNTAIN MEADOW CHILDREN
A despatch from Mr. VIM. c. Mitchell, the agent
in charge of these children states that they have
arrived safely at Fort Leavenworth in excellent
health, and that arrangements were Immediately
to be made for restoring them to their relatives and
friends. There were seventeen in all rescued, bnt
only fifteen were brought to Fort Leavenworth-
having been detained at Salt Lake City for the
purpose of giving testimony in relation to the
massacre of their parents and friends
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29

SOLE AGENCY OF THE BALTIMORE Coal COMPANY
In view of the present low of freight from our mines
am enabled to offer the BALTIMORE CoMPANY'S COAL
at VERY LOW PRICES parties who will lay in their
supplies during this month
CHARLES GILMoR Sole Agent,
i4n No. IS Second street, near the Post Office
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29

TAMPERING WITH ELECTION RETURNs.-Some of
turns, and taking the responsibility of rejecting
votes assumed to be illegal, latter they had been
received and counted,) the Democracy in the
fourth district of Kentucky have managed to give
official returns elected Mr.. Anderson, the Opposi-
ton candidate, by three majority. The next House
of Representatives will NO doubt do justice in the
premises.-National Int.
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29

REDUCTION OF EXPORT DUTY AT PARA, BRAzIL.-
The State Department has been officially advised
that an order has been received at the custom house
at Para Brazil authorizing the reduction of the gov
eminent export duty to five per centum, difference
OF two per centum in favor of the exporter. The
order took effect on the 2Sth Of July,
The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-29
TESTERS IMPROVED

SHUTTLE SEWING MACHINES,
At Prices from sl5On Cabinets or plain
ted to do every kind OF CLOTH or LEATHER WORK tina
requires seam
- Salesroom 1853 Baltimore street,
m27-tf L. D. CHASE, Agent