Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1863-06-10


I Prospects Of National Finances.
The London Times Of the 18th discour.
4 ses as follows: s.,.. Z. ~,
"Although United States Stocks auctu.
ate less than the exchanges and the pre-.
MUM on gold, they continue to Ok ptrience
rapid movements according to tnr progress
of the war. But the variations are directly
opposite to those which logic would dictate.
iThe Federal successes, which are followed
by an improvement, should In reality cause
increased distrust, while every new aud
crushing disaster in the North might, on the
contrary, be accepted as the best CLEAN Of
promise against the reign of Repatriation
which seems imminent IF the war be
Eprotrncted much longer, orif the subjuga.
ton of the South be accomplished either
soon or late, American finance must be with
out hope If adefIite and honorable sep.
aration can be effected, the possibility Of a
redemption Of Northern obligations may
still, perhaps, be within rational anticipa.
tions. A prolongation of the war for an.
other six months on its present scale Of ex.
tpenditure will swell the mass Of liability to
q degree that can leave no doubt as to the
manner in which it wilEbe dealtwith, since,
lconcnrrently with the drain Of treasure, the
drain of life and labor from the fields will
have reduced the productive capacities Of
the country, so that years must elapse be.
fore it can even regain the condition in
which it stood In 1860. ,...5a,.ssg.
On the other hand, assuming that the
South could be overthrown tomorrow, its
slave labor deported or turned adrift, its
debts disowned, and its population kept
froa new outbreaks by huge garrisons and
naval squadrons, the new state of peace
would be as costly as the late state of war,
while the credit of the country would be
wholly destroyed from the knowledge that
there was a chronic danger of revolution,
such as has prevailed in Mexico and Central
America throughout the whole of their in.
dependent existence. The Washington
politicians fancy that the dissolution of the
Union is hoped for in Europe, as the best
means Of breaking down American power;
whereas, if there was malice against them
of the most cruel and wicked kind, it might
be graIifed to safety in the one wish that
they should succeed in their present enter.
prise. 1t is because these facts are gener-
ally recognized on this side that the posi-.
bility Of Federal loan being entertained
is entirely out of the question, aud the f.
nanciels Of that country may therefore dis
miss all thought Of attracting foreign capital
until a separation be effected which shall
leave the Northern energies free for their
uaturalscourse Of progress to the Pacific,
instead Of being hampered BY partnership
with States which mustf for the present con.
tain either 3, ,009,0 900 Africans 10 su6jection
or 8, 100000 African idlers, and, as:fas as
military conq1ests can make them such,
5000, 900 slaves Of the Anglo Saxon race.
THE CASE OF THE EPETERH0FF
The same authority says: s.
SIN connection withstbs late capture of
the Peterhof, it is stated to be the inten.
ton of the merchants and shipowners In
terested 10 the trade from the port Of Lon
don to memorialize the government, calling
upon them to put an end at once to the pre-
tensions of the Federal Government in sci
zing neutral ships proceeding to neutra!
ports. The discharge of the cargo of the
Peterhoff, which is reported by the last
mail as having been ordered, is considered
merely a pretence tosgair time, and delay
the question involved to an indefuiteperiod,
which would act most prejudicially upon
the shipping interests of the Kingdom"
IMPROVED CONDITION OF OUR POSTAL
REyENUEs.-The expenditures ofthe Post
Office Department, for the year which end
ed soth June, 1862, were s2,924, ,290 4S.
The receipts for the same period we're ST..
oil, ,189 05. Excess of expenditures over
receipts 81, ,013,l0l 43. The law in crea.
ting postage to a uniform rate of ten cents
per letter went into operation on the 1st Of
July 1852. The expenditures for the,next
succeeding quarter, ending September 30;
1862, were $7S9,571 u. Receipts for the
same quarter s717, ,191 60. Excess of ex.
penditures over receipts s71,380 II. The
receipts for the next succeeding quarter,
ending December 81, 1862, were s772, ,716
q. Expenditures for the same quarter
S657,745 As. Excess of receipts for this
quarter over the expenditures Sll5,020 S2
The total receipts for the firstsix months Of
the present fiscal year 81 ,4S9,957 81
Total expenditures for the same period
81 ,447,Sl7 g. Excess of receipts over
expenditures s42,64O 64. -, .
The Post Office Department has succeed
ed in procuring the manufacture, in Rich-
mond, of a very handsome twenty; cent
stamp. This stamp presents very excel
lent likeness of General Washington, and
is in all respects credit to the engravers.
The Department is now filling orders for
stamps of this denomination, which. will
increase the convenience of paying postage
on double letters and packages; and will be
found useful in the. absence of specie and
small notes, as change.
Our GLORIOUS SoLD1ERs.-An intelli-