The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1867-01-12
Memphis Ietter.

J
dulE-A Radical r1l6ian ot71ts up that The
Constitution must be set aside to accom-
pIish the Radical programDas- Radicals
letting dozen at Washington-T The Presi,
dent thinks aU actlJ co1ae right in time-
{" The Planters House" MempAis-TAe
Hatrimonial Epiden,ic--- LoDe-motehes
and .llle1 So5ersides-'' Ron1aacing"
WoRsHAN HoUsR. MENrH1s. TEsx..
December 29th, 1866
Thinking that. probably, batch of
ne1gs CD from this point would be Of inter-
est to yourself and your readers, drop you
line.
In the first place, then, hear great com
plant in the cotton market of the cotton
buyers. The planters agents; the commits
sion merchants, whose interest and duty it
is to get the best price they can for their
constituents cotton, complain that the cot
ton buyers will not give them the market
price-or what ought to be the market price
for their customers, cotton. They say
that while cotton is worth 81, 80 and SO cts.
per pound in Now York, they cannot get
from the cotton sharps" (as they call them)
of this city, an offer of moro than %, %
and 30-sometimes for choice lots 81 and
30 cents-for the corresponding grades they
have for sale This state of affairs nearly
always comes to pass in Memphis at this
time-the close of the year-and the truth
of the whole matter, | suppose, is that the
principal cotton buyers have withdrawn
from the market, and those who remain are
mostly sure enough "cOtton sharps and
have little or no money to "operate with.
Certainly the most of them will not buy at
this time unless they can get margin y
of Is or 20 dollars bale: the insatiate Skin
fints
The "moral of all this is, never sell your
cotton in Xmas, the holidays" if you can
help it. At all events, gold having taken an
other upward spring in the last few days,
we may look for cotton to 90 up with it, as
usual Some one says, however, that spec
ulating on the price of cotton, a month or
six weeks ahead, is like guessing the fancy of
a woman or the verdict of petit jury" the
thing can't be did $50 l drop the subject
for the present, and turn to metal more
if not moro attractive.
OF course you have seen all that the pa
pers had to say about the Congressional
exeursionists who passed through Mem
phis this week, on their way to New Orleans
need not, therefore, say much about them,
but | can give you an important political
item dropped by one of them, which the
papers have not had eractty: a gentleman of |
yeracity informs me that Senator
Wade, Of Ohio, emphatically remarked in .
his hearing, last Wednesday, at the Gnyoso
House in this city, that Congress did not in
tend to alIo,o the Constitution to stand IN
is ,cay an carrying out tie plan it had
marked out for the reconstruction Of the
States
lie, this American Danton, frankly admit
ted that much of their plan, or programme
was unwarranted by the Constitution; but I
lverred that the times were anomalous the i
emergency great. and would justify the set
ting aside for once, at least, of that incon-
Tenient instrument At all events, such were
5he views Of his party in and out of Con-
gress; they possessed the power, and they
intended to use it, or abuse it, Just as people (
choose to look at it! The South must be
according to Radical views,
whether sanctioned by the great Charter of
Liberty and Law or not The Statts lately
in rebellion must not be allowed to come
back into the Union all at once, but by slow
degrees, one at a time, as they were ehas-
tened and fitted themselves by a long and
free use of sackcloth and ashes" for the
enjoyment OF the rights and liberties they !
had so rashly and criminally forfeited by
raising their sacriigious hands against the
sacred Union and its hallowed flag. (Some-
times known as "Greeley's Flaunting Lie y |
/ do not pretend to give Mr.. Wade's exact
language, but this is the exact substance of
what he said here on Wednesday, as repor
ted by my entirely reliable friend, who, you
may be sure, heard the words with some
what of the plying surprise, with which we
listen to the rawlings of madman, who, after
all, betrays a great deal Of method in his
madness"
A private letter from Washington says
that, strange as it may appear, the Radicals
begin to show signs of breaking down; and /
that the secret of it is to be found in the
% shaky condition of the national finances.
The idea seems to be this: BIr. Chase's won
derful greenback card-house shows signs Of
toppliDg down, and the RAIDS, who are more +
in keeping it standing than any
body else, want to cajole the South in order
To GET her 70 holm them keen green hacks 1
up till they can save themselves. The Sec
retary Of the Treasury has lately been draw
ing IN (by means of the immense amounts
of gold at his command) large amounts of
the legal tender" Now this legal ten
der it is stated, is the only kind Of seeu-
rites IN which Radical bondholders can
have their Government bonds redeemed, or
Hence, they see that if Mr. Nc
Culloch goes on buying up this legal ten