Abbeville press. [volume] (Abbeville, S.C.) 1860-1869, 1860-12-07

hear very favorable comparison with the
Northern Banks. A northern writer puts
down the aggreate arnc,In, "f spiecie in the
Northern Bank. S4761O.739; Circulation
$l56.O6e. .S3n; Deposits, l96,5z7.95O.-
In the Southern Banks Specie ss5 y23.
77s; Circulation. $5l .O33 .647; Deposits.
S57224l79. Showing that while the cir
culation and deposits Of The Northern Banks
ar. seven times greater than the specie in
their vaults, the circulation and deposits OF
the Southern Banks are only three ti,neH
AZ much ~ their specie. and their cirruIa
ton alone only one aud half the amount
of their specie.
All the banks in the State. judgine from
their reports, are in safe and sound COLI
hition. and prepared to meet a'l their liubil
ties promptly, unless some commercial cri
sis takes place. " hirh may E,r :. l,ue crip-
Jile their resources and make j, difficult for
them to meet all their engagements. Ii
was proposed al the Extra Session to raise
four hundred thousand dollars, 10y issuing
State huuls, to ar,n.t the STATE and prepare
fer her defence, bu, for want Of time, 10
decision was made on the proposition. In
the mean time, however, and with great
proIaptness the Bank Of Charleston, through
is President, telegraphe.l to ME that It
would take one hundred Thousand dollars
worth of the Lonis Of the State at par
and since then n formal resolution Of lis
board las been sent int to the same effect
This act of pa,riotic duty, OH the part Of
the Bank Of Charleston, merits your highest
commrE'latinn, and sets an example Of love
to the ate':.nd devotion to her cause,
worthy of general imitation. The mere
money changer wond calculate the value
of the investment and prospect OF gain :;
but the patriot sees nothing but the n"ces-
stiles Of his State, aud hastuns to pour out
his treasures to relieve them.
MARINE SCHOOL OF CHARLEsTnS.-This
school WAS inauTurated or the 18th, Nav,
1859, and commenced operations with six
teen pupils, which has since incrcasfed to
tnry-three. with many more applicants
than can be received aud accommodated
The pupils are uof confined to Charleston !;
but come from E'gef"hl. Beaufort. Barn
wel:. Rmhiand. Horny aui Coleton. The
Board of Trustees report that their health
| has been good. only one death having oc
cured, and that one shortly after co ming
on board; TINT the progrcss and conduct Of
the pupils are quite satisfactory, and even
now th"r. are several on board capable Of
managing vessel Feeling de. p interest
| in the success Of the experiment, | visited
| the school on board the Lodebar, stationed
| in Charleston harhor, near the battery, Las,
spring, and was not only gralfied, but de-
| lighted at the prospect of making useful
o,~l H. H.. 4
into the service of the State in manning
and commanding her vessels OF war. Sou
thern seamen are among the great wants
Of the South, and especially at this critical
time, trained as these youths are, not only
in manly nautical pursuits. but in the use
OF cannon aud arms-the Safe may with
confidence look to them for aid iu her hour
Of danger.
|. At the last session of the Legislature,
The sum oi five thousand dollars wa. ap-
propriatsd. towards the support of this naval
school, and as, events crowd upon.eus, ina
king it;rnore important every day that we
should have nursery to-%prepare steady
capable captains, not only for our nercan-
tile marine, hut for our coasting trade and
vessels of war, i commend this valuable
| schoo! TO the fostering care of the State,
and. recommend liberal appropriation for
its benefit.
AN .ARMoRy.-The separation of the
Southern States from The North, will leave
The Southern States, to a grea, extent with
out the facilities of manufacturing arms, for
the want of Armories; and it will, there
fore, be important for each individual State
TO establish an Armory, or that two. three
or four States should unite for that pur-
pose. We ''ooid not be depssn!d+n' on the
onssof defence lest in the hour Of need the
supply 7inay be withheld from U.S.. Mnior
r. S. Ripley, a citizen Of South Carolina
proposes to establish an Armorv for the
South, in Georgia. Alabama or South Caro-
lima, according az may be agreed on by
those States. All he asks is, that each of
the three States Damed should contract with
him for fifty thousand dollars worth OF
arms annually. for five years. and extend
4 their patronage for a short period there.
after; the arms furnished to be up 10 Il
:standard model to he determined upon, and
delivered ST prices exed by competent au.
thority, and TO be subject to The proper
military inspection. in part, by State of.
cerss those Of each State TO inspect thearms
for that State. Tliis would be preferable
to having an Armory, and would preclude
the.necessity Of burdening ,aach State With
an extensive establishment, dependent upon
it for management by salaried officers, and
would require no expenditure blythe State
until it's valnew be received. :
There secms 10 be notbing in the PROPOSE.
tion bnt what is fair and reasonable; anu; il
the State determines to keep up bsr cup
4 ply Of arms. i, cannot be hel.er done than
4 by the plan proposed. Copies Of letter.
from the Governors Of Georgia and Ala.
j ,Fba.na.a to Maj. Ripley. were sent 70 sme
They approve Of theaprapesition; md PRO,
mise TO recommend to their Legislature tn
bind themselves. to take annually fsty, ibonu,
sand dollars worth Of arms, to be paid 70.
at the aa,ne price paid hYtbe Federal Coy.
l,sru,pent for arms of Tue same fni.h and
tdescription proyided thew are Of the Ia