The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-11-17
Repudiation n south CoroIlnn.


Quite sensation has been produced in
this State By the announcementofG Governor
Johnson, Of Georgia, and the letter Of Pres
ident johnson to Governor Holden, Of North
Carolina, upon the subject Of Reputation.
Both have been but litte understood, and
have occasioned many unpleasant appre
tensions. At first the impression prevailed
that the effect Of the Presidents policy
would be 10 occasion the Reputation al al
debts contracted during tie war bv he
State Of South Carolina, but now Il Is eener-
ally believed that i is applicable only 10
such portions of the confederate vvar 5eit a
was assumed by the states individually. II
such be the csse, South Carolina viii be up-
derthe necessity Of rspudistson, inasmuch ns
the request made Of her by the confederate
government 70 GUARANTEES portion Of the
bonds Issued BY Il was never acceeded 70,
nor even entertained, except IN Q condition
al way. She VIII therefore not be the loser
Of q single dollar in that respect. If, how
eveI, the Presidents policy be applicable in
. more extensive sense 20 such debts as were
contracted By the states, on their own ae-
cOEnt, for the purpose Of eouipping their
militia, then South Carolina viii have 10 re-
pubiate shout one-sixth Of her present debt.
The loss, even in this event, viii be eompsr-
atively small, IS the aggregate Of her debt
does not exceed six millions Of dollars
Inc L-nc - AlAE4EnN Win AlINA AHTulfnm
and GeOrgia, and the repa fiation required
Of these states Innst be a matter OF much re-
gret, as its consequences viii affect mostly
those who have had no interest, nor takeu
any active part, in thu war. Irsfer to mi
nors and legatees at Law. ID is well known
that fo- the FIRST two years Of the Ear, 50
great was .he confidence fell IN the ultimate
triumph OF the confederate cause, that all
securities issued BY the government Of the
coniederaie states were eagerly sought for
as furnishing the best investments OF their
day, and a large majority Of trustees and
guardians disposed Of the estates under
their control for the purpose Of investing
the proceeds Of sale in these securities. The
effect Q such repudiation, therefore, is OBJ
viously 10 impOYerish those who are irres-
ponsible Of any cOuntenance given to that
cause, and who are now 10 be Victimized
through the unfortunate actions of their
guardians and trustees.-C0r. World.
The artesian well at Chicago is represent
ed 70 be the finest in the world.
/ In December, 1868, the hole was CON-
meuced with diameter Of i've inches in
January following, when at the depth Of
sixty-fve feet, the tools got fast, and the
well was abandoned. Another was started
/ in few weeks, and when at the depth Of
seven hundred and eleven feet, an arch Of
rock suddenly gave way, and the water burst
| forth in great volume and force. The hole
had been drawn into = inches at the bot
tom through which oriiice the water flows
at the rate Of 100000 gallons per twenty
/ four hours, at a Uniform temperature Of s.
degrees F., and, in the words Of the Presi-
dent Of the company, is clear as crys-
tai, as pure as the diamond, free from
/ all aniInal OF vegetable matter, and
from any injurious substances, and its COM
position is such thai il is better adapted for
drinking purposes, and for health, than any
other water known"