davidaulloa/AmericanStories huggingface dataset:
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26

culation resulting from an unusual export of
specie or any other cause. An increase of
circulation might be legitimately required as
a temporary expedient-as, for instance, to
supply the vacuum caused. by an export of
specie for the purchase of corn.
This was strikingly illustrated in ls47,
when the failure of the harvest in Great
Britain required large exports of specie from
that country for the purchase of corn, and an
additional circulation was required in conse-
quence of the high price of provisions occa-
stoned by the scarcity. And though the high
price of food would ultimately lower the
price of manufactured commodities, and thus,
perhaps, reduce the circulation, still the i'm
mediate effect would be to cause the want of
an increased circulation. And after the ex-
port of limited amount of specie the ex-
changes would be corrected, and the bank
might reasonably aad safely supply its notes
for tho home circulation, relying upon the
certain turn of the exchanges within reason
able time.
The revulsion in England in 1871, main
Iy produced by the export Of specie for the
purchase of corn, and the course which the
Bank of England took at that time, strongly
confirm this view of the subject At that time
the bank was in an admirable condition to
relieve the money pressure,-with abundant
|
coin to answer the demand for foreign export,
and sufficient remaining to answer the pur-
pose ofa full circulation.
Under its old organization, priort to the new
system introduced by the "Bank Charter"
Act of 1874, it could have relieved the public
safely and efficiently. But the alteration of
its charter confined it TO fixed limit in its
issues, and deprived it Of the power of ez-
panding the circulation to meet the wants of
the public. And it was not until failures
occurred on every side, and continuance of
the pressure threatened ruin to the entire
mercantile community, that the Government
interposed to stop the progress of the evil.
1t then authorized the Bank Directors to in
crease the issues of the bank beyond the
limit imposed by the Bank Charter Act
and held them harmless for its violation.
This "Order in Council" and the action
under it of the Directors, in supplying the
legitimate wants of circulation, had an i'm
mediate and happy effect in restoring conf
dence, and bringing trade in a short time to
it's normal and healthy condition.
If, then, we understand the last English ae-
counts correctly, viz: "that the Government
had resolved to suspend the Bank Charter
Act"-another emergency has arisen for the
Government to interpose its authority to war
rant the Bank of England to increase its cir
culation beyond the restrictions imposed upon
it by the "Bank Charter Act" of Sir ROBERT
PEEL, and to protect it from the penalties of
such violation.
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
WELL SAID.

The New York Times of 2lst has letter
from its Augusta correspondent, in which the
evil influence of certain interloping Yankees
over the Southern blacks is given in the sub.
joined f0rcible style. We wish the correspond
ent would call at this city and look around. He
could have material enough for one or two
most excellent letters. What nice compli-
mont he could pay FRENCH and WEBSTER
mo little mischief is being done BY men who
ere infesting the State at present in tho capacity
of friends of the freedmen, founders OF coioroa
savings banks, colored seminaries, equal rights
Journals, and other kindred enterprises These
men are working diligently to make the negro
discontented with his condition, to persuade him
that he is grossly wronged by the white man, and
that he ia entitled to position Of perfect social
and political equality with the whites. There is
Captain Bryant in this State, the self-consttu
ted Head Centre of ON Equal Rights Association,
VIII is going about making speeches in this line ;
and while he may be earning very comfortable
income at small expense, he is doing much harm
to both races, as have already frequently re-
marked that there was general and perfectly
honest disposition on the part of both the white
men and the negroes to live harmoniously together
and work for each Othor's good. So far from Oh
fering any obstacle to the education and improve
ment OF the c0l0rcQ pOpulatlOll, INC peopic "eAo
ready and wiling to promote thom by every means
in their power and so far as the civil rights OF
the negroes were concerned, the Legislature rec
ognized and secured them in the most ettectlYe
manner, by .pIacing them on the same footing
with white men in everything relating to person
and property. he is no friend to the negro who
comes here now to induce him to agitate for more
than he has got His efforts il successful can
pesys pay in tse sspus ruin The blacks
ries are nothing but cheuaers Gind,lstrie, gather
nr me- into mt their pockets the postal currency of the
poor blacks-walking gift enterprises, exchanging
pinchback equal rights notions for the sweet.
earned dimes of tho gullible savages who desert
their plows and hoes to listen to the white man
who is going to make gentlemen and ladies OF
them ali. have watched the operations OF these
peripatctic phianthropists, and more pestllent
which ought to be speedily abated."
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
Oh A RLESTON.
SATURDAY MORNING, MAY 2s, 1865.
THE FINANCIAL PANIC IN ENGLAND.

THE FINANCIAL PANIC IN ENGLAND.
In our last advices from England we have
an account of the great financial panic in
London, and it is stated ''that the Government
had resolved to suspend the Bank Charter
Act" As some of our readers who are watch
ing with interest the condition and changes
of the English money market may not under.
stand the meaning of the phrase, we will en-
deavor to explain to what it refers.
By Act of Parliament in 1874, commonly
called Sir ROBERT PEEL's Bill, the Bank Of
England was divided into two departments-a
department of issue and banking depart
ment-whose functions are entirely separate
and independent of each other. The issuing
department alone is to have the privilege Of
creating notes; and its power of issuing on
credit is strictly limited to the sum of el4,-
100000 fourteen millions sterling), for which
the debt of 100000 eleven millions ster-
ling) due to the Bank by Government, ard the
further sum of 100000 three millions) in
negotiable public securities, are to be pledged
to it as security.
All issues in excess of the fourteen million
sterling must be in exchange for gold and sill
YER coin or bullion. This, then, is the only
function of the issue department, viz. the
giving out its notes in exchange for gold and
silver in excess of the Ella 100000 in securi-
ties. And it is prohibited by the Bank Act
(of l944) from issuing notes in excess of the
gold and silver actually in its vaults, if such
additional issue would exceed the securities
and specie jointly-or to give simple illus
tration, the issue department may give out in
notes fourteen millions sterling, based on the
debt and securities; end if its specie on hand
be six millions sterling, then it may increase
its issues six millions more, making in all
twenty millions, and no more, except in ex-
change for gold and silver coin or bullion ;
and upon the diminution of the aggregate
amount of coin and bullion and securities, the
issue department is required to call in and re-
duce the notes in circulation.
The functions of the banking department
are confined to the ordinary business of a bank
of discount and deposit 1t takes charge Of
all the securities of the hank, and of all the
coin and bullion possessed by the bank, in ex.
cess of what may be required by the issue de.
} partment to make up sum equal to the notes
IN circulation. This excess of coin and bul.
lion may at any time be exchanged by the
banking department with the issue depart
ment for bank notes.
If, then, we are clearly understood in our
explanation of Sir. ROBERT PEEL's "Bank
Charter Act' of 1874, it will be seen that
when the circulation reaches a fixed limit
the bank is deprived of all power of expan
sion to meet the wants of the public, no mat
ter how urgent the call for an increased cir
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
TAX NOTICE

H,HE TAX COLLECTOR FOR THE PARISH OF ST.
i JOHNS, COLLETON, will open his Books on the
LIST June next Rockville. for the purpose OF receiving
Re turns ami collecting the Taxes for said Parish and
will continue them open until the 10th Of said month
GEORGE W. SEABROOK,
May 26 stuth7 Tax Collector.
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
PROMENADE ENTERTAINMENT.

THE UNDERSIGNED COMMITTEE RESPECTFULLY
announce to the citizens Of Charleston that PRONE
GADE ENTERTAINMENT will be given by them,
commencing THIS Eoening In the School Room of tho
holy Communion Church, corner Cannon and Ashle7
Streets in aid Of the Association formed for the reo
tion Of Monument in commemoration of the Confede.
rate Dead" They earnestly solicit the aid OF the public
in their endesyoss to further the cause -.
MRS. JOHN L. ANCRUM,
Mrs. JOS. D. TAYLOR,
Miss MARIA q. ANCRUM,
MISS ELIZA WARING,
~ Miss oLNEY HARLESTON,
May2s Mrs ELLEN CONDY. -
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
COPARTNERSHIPS.
nISS0IIrnION
DISSOLUTION

-fTJHE COPARTNERSHIP HERETOFORE EXISTING
under the name of ooLoooK, McCxILEY NAL
10y this a y " of al
of charleston g. c., ia appointed agent to lquidae
all unsettled business. ANY person having demands
against the firm TV penSe ans to and all
Charjeston: to Mr.. D. MALLOY in Cheraw s. c. or TO
Mr. 7. s. McCALLEY, in Huntsville Alabama
ijipnell @. J. COLCOCK
T.S. McCALLEY,
May 10 tuths D. MALLOY.
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
BOARDING.

DRIvATE BoARDING-MRs. HENRY 8.
i Grayson, No. rs Broad Street. two t2) doors west
Of Guard House. Permanent and Transient Boarders
accommodated. .sw6f May le
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
PROPOSALS FOR RATIoNs AND FUEL
FOR LIGHT-VESSELS, Etc.
COLLECTOR OFFICE,

SUPERINTENDENT OF LIGHTS,
Charleston 8. O., 1865.
OEALED PROPOSALS WILL BE RECEIVED AT
y this office until II o'clock NJ. Saturday. the 18th
day Of June, 1885, for furnishing and delivering RA
TIONS and FUEL for the Charl ston Bar, and Wee
hsp ken Lghtvessels in the Sixth Lighthouse District
and for any other Light vessel and Lighthouse tender
that may be called for for one from the 1st day Of
tons be Of good and approved quality to be deliver
ed alongside Of the Lighthouse tender other vessel
provided for the purpose at Charleston s. c. and to be
stated IN the bid accordingly, in good and sufficient
packages barrels boxes and cases. and in good order
for the Lght-vesse quarter, free of a expense
to the Uuited States agreeaby to specifications which
will form part Of the contract copies Of which may
be had by applying at this Office
All bids must be sealed and endorsed proposals for
Rations and Fuel for Lghtyessels and then placed In
another envelope and left at or directed to this office
prepaid II sent by mail. '''s
By order of the Lighthouse Board. -.
May 20 JIG superintendent Of Lights.
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
MEETINGS.

CHARLEsTON BOARD OF TRADE.
A SPECIAL MEETING OF THE CHARLESTON
"A BOARD OF TRADE Will be held This Euc1iH5. at
O'Clock at the Charleston Hotel Club Room. ful
attendance La requested business Of great
will be brought before the Board.
By order Of the President.
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
WANTS.

VI7ANTED, A COOK AND WASHER FOR
w small family. Apply at northeast corner Of
Meeting and Market streets, up stairs.
Nav II
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26

81 AL communications Intended for publication IN
this journal must be addressed TO The Editor of
the Daily Ne,os, No. 18 Rayne-street, Charleston,
8. C.. Business Communications to Publisher Of
Daily NeaoS.
tons.
Advertisements outside of the oy must DO occompa-
MED tcih the cash.
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
LARGEST CIRCULATION IN THE STATE.
LARGEST CIRCULATION IN THE CITY.

~ THE LIST OF LETTERS re
manning in the PostofHoe at the end
OF each week is published officially
in THE DAILY NEWS every Fri
day morning.
The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-26
COPARTNERSHIP rOTICE

COMPREHENSIVE EOTICE.
yu,HE UNDERSIGNED HAVE THIS DAY FORMED
i q Copartnership under the style of R. ". GALE &
co. for conducting the Carriage BUSINESS and Gen:
Carriage Stand Of R. w. Gale Nos 45 and 4S Wentworth
etraet R. ". GALE,
GEO. o. ROBINSON.
Charleston Msy s, 1866 tuthss May Is
The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-12-22

1t was the second or third day of December
when the postman, after long period of total
abstinence from double knocking al our door,
fell away into moderation, and left lis a couple
of letters.
We were living alone together, my brothers
widow and l., and our interests, and conse-
quently our CORES spondents, were not numerous.
She was my senior by-ne matter how many
years, but quite enough to render the arrange
ment perfectly proper one, even according to
the most severe conventional code, although
was unmarried, and stll called girl by verbally
well-disposed friends.
Ny brother had been dead about eighteen
months. He had died worn out, broken down,
used up-these are several phrases descriptive
of the same thing In plain English he had
gone to his death" in the columns of a daily
paper-gone TO it as unfinchingly, as Iheroic-
ally, as cheerfully as any one of that gallant
band who made the never-to be-too-frequently-
quoted charge at Balaclava. But he belonged
to noble army OF martyrs whose deeds do not
get recorded by laureates; so when he fell down
in lighting the hard fight of the daily press, the
ranks closed, and nobody missed him-nobody,
at least, save his wife and his sister. Very few
people seem TO be missed when they fall out of
their places, however it may be in reality.
1t is fact, and therefore, in the face of all
precedent, VIII state it, but there had never
existed grain of anything save the kindliest
feeling between my sister-in-law aud myself.
She had never feared my interference" 1
had never accused her even IN my heart of
attempting to ALLEVIATE Guys affections from me.
The result of this abnegaton of the time hon.
ored rights OF sisters-in-law was, that while
Guy lived we all carried on the war merrily and
happily; and when Guy died. we decided that it
would be very hard for the two who were left
to part. She was alone in the world, and was
virtually, though not nominally, alone too.
There was an uncle of my mothers alive,
70 be sure; but he was ike my fathers
The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-12-22
CHRISTMAS DECORATION.

''How DOES IT LooKw --a
Meath the frosty sky sounds sweet and clear,
The joyous music of Christmas bells,
Onward borne by the breeze more near,
Blest is the tale their melody tells
Nature Is wrapped in her shroud of white,
Cold without is the evening air;
See from yon windows there shines light,
Happiness, warmth, within are there.
Lustrous holly and mistletoe glisten
In gay festoous from the dark oak wall
Sweet young voices with laughter, ,-listen,-
Wake the echoes of Elmsley Hall.
Ivy and laurel fitfully CLEAN,
Daintily placed by fair young hand,
Lit by the flame with its ruby beam,
Closely with critical eye now scanned.
How does it look ? is it decked arightg
Is yOn garland there as it ought to be?
Then holly glows bright in the glad fre-light
The wTeaths of laurel are fair to see:
The circlets of ivy gracefully twine
Round the mirror, like cloud-wreaths round a
star.
The mtstletoe berries as silver shine
There is something else that is fairer far
"How does it look ?" 'Ts sweet young face;
Eyes that are gentle so soft, 30 pure;
Full of each tender, madenly grace
Lit with look, though gay, demure
face that shines forth like an April day,
Where a sigh and smile together vie:
The smile is victor and yet one may
Know that beneath there Turks the sigh.
"How does it look 2" Long leagues away
Some one sits in the evening gloom
Musiug alone; his fancies stray
To one much.loved face, to wellknown room
'How does it look - that smooth young brow,
Those soft blue eyes which the teardrops dim
Does she not think of the wauderer now?
Are not her THOUGHTS away with him?
The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-12-22
THE CHRISTMAS TREE.

Christmas once again has come,
Bringing with him, frolic, mirth;
Taking back the wanderer home,
Scattering Joy throughout the earth.
Merry faces, gay with laughter,
Follow in his jocuDd train;
christmas comesIn Let roef and rafter
Echo back the cry again!
Hail the monarch thus it's right
viva a crown of holly bright;
Place upon his hoary brow
Silver beads of mistletoe!
Children, put the task-bOok by,
Let us hold high revelry!
"Hither come with mirth and glee,"
Christmas calls, 'around my tree r d.
Quick they come-a joyous band,
Childish faces, smiling bright;
Round the Christmas tree they stand,
Dazzled by It's glittering light;
Sisters, brothers, cousins, there
Something waits them every one,
For to all is Christmas fair;
He denies his gifts to none.
Gaily shines the light around
From the branches to the ground;
On the dark-green foliage beams.
With its merry laughing CLEANS,
Lighting up, with joyous glow,
Presents swinging to and fro:
''See my gifts !" says Christmas, "see
How they dance upon my tree !"
Hear their gentle shouts of Joy,
AS they throng the tree beside;-
Arthur, Edward, Lily, Floy,
All have gone for Christmas tide
All to grandpapa's have gone.
Auutie gives them each prize
Something good for every one,
Listen to their merry cries
Christmas, as through life they 60
Will it thus be always so?
Will there be for every one
Prizes rich, and blanks for none,
In llte's lottery as in thine,
Upon which the tapers shine?
Christmas, tell me, will it be
Then, as now, upon thy tree?
The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-12-22
A PLEASANT CHRISTMAS STORY.
SIR GUYS GOBLET.

BY MISS ANNIE THOMAS, THE CELEBRATED ENG =
LIsH NOVELIST, AUTHORIZES OF ''DENIS DOUNE, y
walter GORIEG," "PLAYED OUT" ETC. ETC.
The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-04-04

~ b
the proposition to established a neao Senate,
composed of the Democratic and the South-
ern Senators. This, of itself would have
been sufficient to have prejudiced Gov. Graz
HAMS cain to such an extent as to exclude
him from his seat. 1t was q violent, reyolu-
tionary proposition, which, strickly speaking
subjected Mr. Davis to arrest. It is also to
be regretted that Gov. Graham has put for
warded the testimony of Maj. Lawrence, as
a part of his case Maj. Lawrence says that,
on a certain occasion, 81 felt ashamed for my
self as an American, and for my government"
This strikes us as strong and strange Ian
guage to be used by an official. But there
are few federal officers in the South who
have mixed themselves up with secessionists,
and who defer to them as the oligarchic,
governing power of the country. They do
not like Union men, because, to use the ele-
CANT language of the Tribune's correspondent,
some of them are said to be poor white
trash" Many of them are poor, We admit,
but they have been made so by secession,
and they have honest and patriotic hearts
beating under their rough apparel. 1t may
be that Maj. Lawrence belongs to this small
squad of officers. At any rate, Gov. Graham
has not strengthened his case by the testi-
mony of an official who says he is ASHAMED
for" his government"
The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-04-04

breach, for weeks not even undressing his person
gathering some from the streets, providing them
with rooms, blankets, and nursing, at his own ex-
pense, not even noticing their names. I wish 1
had power to picture his acts of kindness to the
suffering poor, far away from home, no hopes of
reward except the approval Of his own heart.
was knowing to his spending in this means, his
own funds, till he had not funds left to return
home. q came home with him. My knowledge
in detail of his kindness, gives me proof that he
possessed the noblest attributes of man. He is
high minded TRUTHFUL and honorable. donot
believe he could be Influenced to dissimulate and
misrepresent, even to save his own life am
fully convinced of the barbarous treatment of
prisoners, but no mai fmy acquaintance, could
less believe capable of cruelty, than DIR. John
Gee, and must hope that yet it may be shown to
be not intended cruelty.
Governor, you know 1haye right to complain
of the abuses of the late rebellion and verify be-
fieve many now released by my government,
should not have been. Yet, can't feel that one
Of the best men ever knew has turned demon
You can, if you think my remarks worth anything
to the cause of humanity, use them as you think
best This token of my feeling is not known or
expected by his friends, for one who has so pub
licly been denounced as your humble servant.
am, Governor, with high respect,
Your OBJ DIT servant,
G. H. BLOOD
The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-04-04

The Sentinel, in its notice of the correspon
dence between the President and Provisional
Governor of this State, says: The dispatch
from the Governor, which contained the
rebuke contained in the Presidents letter of
November 9th, is not given" The cores
pondence was published by order of the Pres
ident, under his own eye. If any part of it
has been suppressed, he suppressed it. He
is charged with having suppressed a part of
it by the Sentinel. The charge is untrue
There was no dispatch from the Provisional
Governor which called forth the "rebuke ;
referred to- The "rebuken was voluntary
on the part of the President.