The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-06-29
CURRENT TOPICS.

CU1SlSEN'I' '10)Il(tS.
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CouRr BISMARCK has mado another nlnstory
movo Oh tho political ohessbonrd OF Europe. In
conference hold at Berlin botwcen him and tho
leading statesmen OF tho South German Ststos of
Bavaria, Badon, Wurtemburg, md Hcsso Darn
Htadt, arrangement has been arrived at, accord
ing to which tho South German Statcs will send
representatives to tho North German Parliament in
in order TO haro voico and voto in oil commercial
questions arising out Of tho renowned Zollvoroin
treaties, and tho Governments, to tho snmo ond,
will send commissioners to tho Federal Council
vi course tho South German StatoB will soon got
tired OF this situation, and demand complete
union wita Northern Germany. Tho arrangement
was concluded just previous to tho departure OF
DIsNAncK and KING WILLIAM for Paris, and We do
not wonder at tho dispatch which asscrts that tho
relations betwoon Franco and Prussia arc not cor
diel Ithardly needed dispatch to announce tho
| fact
TUE NOTES Of tho Yenango National Bank,
Franklin county, Pa, and Of nll other broken
| tonal banks, if wo may boliovo tho Jeyrrsonidn,
| nro ceiling nt n premium. This rnthor anomalous
act Of the bills OF brokon national banks selling at
| premium OIL tho bills Of solvent banks, puzzles
tho comprehension of tho uninitintcd not littio,
and yet tho explanation is very simple and oasi!y
understood. The limit to circulation to national
| banks under tho national banking Inv, is thrco
hundred millions OF dollars. This limit wnB long
since reached, aud thero ure still national banks
! without any circulation, and many othors with
| much less than thoy desire. III order to reoYo
iscf Of trouble as much as possible, tho depart
| ment hos said 10 somc Of those banks desiring
moro currency, that 10 tho extent that they will
redeem the bills of broken banks will il issue now
notos to tho banks desiring circulation. This pro-
position has created quite rivalry among this
latter class Of banks, and in somo instances pre-
MUM as high as two per cent. is offered for tho
broken bank notes.
SHOULD TIE VAST mineral wealth Of tn, Southern
States now be developed and made available, says
ono Of our Northern exchanges, tho exhaustive war
will not hnyo boon without somo compensation.
Thero arc encouraging indications that this hidden
woalth will bo brought to tho surface. Wo learn
from Charlotte that tho gold mines ip 66,bcrs j.
N99EE!!hl ar9GPhnIste Tho hotels nro crowded
with thom, and every trnin brings engines, ma
chinery, &c. -Four or fyo stamp mills arc already
in operation, and somo fftoon moro havo boon
erected. Ono, at tho Huey Mino, Is turning
| out on an average thrco hundred dollars Ill
bullion por dny. Soveral mining companies
| have reconlly b.cn organized in Central and
Western Virginia. In tho historic region around
fredericksburg, tho roar OF artillery ga now beon
succeeded with the ring Of tho minors shovel md
pick-nxc.. A now gold bed haa bcon discovered
noar tho United statos Ford, whero HooKgn's
troops crossed tho Rappahannock, in 1868, and ID
now being worked by an English company, who
| look for grcat results. Tho Houston 1eleqruph
is confident that as reconatruclion is con.
| sunstcd, ToIas will swarm with explorers and
| workors OF "hcr immonso mineral resources y;
that the hnrdy miners will leave tho drcary wintry
regions Of Idaho and Montana, for tho "gcnial
and richor regions" OF tho Lono Star State.
1.-THE MHLEDoEyHLE UNION administers sharp
robuke to those Southern Journals which nro in
duging in 'unwarrantablo abuse Of Ex-Goycruor
BhowH for his course in regard to reconstruction
Tho Atlanta InieRfsencer likewise asks: Is Goycrnor
browns position so inrulnerablo that resort must
DO had to personal abuse and personal tletraction7 p
WhatevGr the peoplo of Georgia may think Of
his advice now thoy will regard it with favor somo
day. But it is eyidont TINT tho majority OF them
now go with him, notwithstanding the advice Of
somo of their Journals" Tho foregoing paragraph
wo find IL an exchange; wo reprint it, not SO much
us chronicle OF tho fact, Ms for tho reason thnt
what ia here said CT Georgia is equally truo Of our
own State and OF all tho States Of tho South Tho
truth 10, our people here arc heartily tired OF tho
! long, and to thcm very painful controversy nbout
! reconstruction, and would hnil with glslnoss INV
scheme aim ,st, that promised q speedy ond to tho
long protractcd slrife. II active means nre atopt
cd to rouse tho pooplo to tho importance OF full
expression Of their viows, such as they will hnyo
an opportunity to give by registration and the bnl
lot box, We feel confident the result will bear out
our assertion.
CoMPL IS MADE Of tho accumulation OF cold
in tho Bank Of England, says tho journal Of Com
'nerce. Tho rate Of interest is reduced, but no.
body wants TO borrow. Thore is surplus OF coin
beyond tho wants Of business equal to $3O,OOe,-
600, compared with the nmount usually lying idlo.
This condition contrasts strangely with tho stato
OF things ono year ago, whom tho monetary sys-
tom OF England was passing through serious
crisis, and discounts woro difficult TO obtain eYen
at the most oxorbitant ratos. In May, 1866, tho
stock Of gold in the Bank OF England was only
I'll, 100000 now it is nearly cal, 600 900, or
soy twico as large. In fact it is at present
only little abort OF tho maximum amount OF
specie which tho bank has ever held. Tho
Bank OF Franco exhibits similar condition
its stock OF sPccio being at prosant no loss than
f3S 800 OO0 which Is the maximum amount OF apecie
which that bnnk has ever held. Tho London Globe
inquiries into tho causes which hayo produced the
reaotion and attributes the plethora OF gold to tho
suspension Of industrial enterprise. Tho channols
OF trade have been contracted that largo aounis
OF capital no longer required for business ope
rationB. Tho foreign trndo OF England is said TO
have declined ton per cent since September last
compared with corresponding months in the pre.
vious year; joint-stook enterprise ia stagnnnt:
tiiore arc no moro new railways or public improve
mcnts. In tho money markets. Of Europe, as
in tho United States, thero is temporary Iull.
COMPARED with their moro active contenpors
ries, bookw orms arc at an undeniable discount.
Even the intellectual feats they accomplish are loss
successful In the worlds eyes. Yet without at
tempting TO defend the inequality Of the juBtice
"''. IL n,ntnh ont to thonn, onn can sea snn,o
sound reason Why, oyen from intellectual po,I,.
OF view, the bookworm's lfe is often desoryedIy
unsuccessful. It Is not easy to givo an exact do
h1tion Of what is usually meant by genius; but it
is not tho less true that genius, as Tho world un
dcrstands the term, ia not SO often found among
the narrow tide OF bookworms aa IL is in the world
outside. Genius iB nothing unless it can produce.
Aud it is q mistake TO suppose that books alone
will teach a atudent to do this Nor will solitude
and isolation from the society Of others, howoyor
necessary as tho means Of consolidating and
beating Into shapo thoughts which aro sooner or
ntor to DO given to the world supply tho place of