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

COhhEN i l\/I Ioo.
CouNr BISMARCK has mado another mastcrly
move on the political chessboard OF Europe. In
conference held OF Berlin between him and the
leading statesmen of the South German States OF
Bavaria, Baden, Wurtemburg, and Hcsse Darn
stadt, an arrangement has been arrived at, accord
ing to which the South German States will send
representatives to tho North German Parliament in
in order to have voice and vote in all commercial
questions arising out of the renowned Zollvcrein
treaties, and the Governments, to the same end,
will send commissioners to tho Federal Council.
or course the South German States will soon get
tired Of this situation, and demand complete
union with Northern Germany. The arrangement
was concluded just previous to the departure OF
BISMARCK and KING WILLIAM for Paris, and VIC do
not wonder at the dispatch which asserts that tho
relations between France and Prussia are not cor
dial. 1t hardly needed dispatch to announce the
fact.
TIE NOTES Of the Venango National Bank,
Franklin county, Pa, and of all other broken ma
| tional banks, if we may believe the Je6ersontan,
arc selling at q premium. This rather anomalous
fact of the bills Of broken national banks selling at
q premium on tho bills Of solvent banks, puzzles
the comprehension Of the uninitiated not little,
and vet the explanation is very simple and easily
understood. The limit to circulation to national
| banks under the national banking law, is three
hundred millions of dollars. This limit was long
since reached, and there are still national banks
| without any circulation, and many others with
much less than they desire. In order to relieve
itself Of trouble as much as possible, the depart
ment has said to some Of these banks desiring
more currency, that to the extent that they will
redeem the bills of broken banks will it issue new
notes to the banks desiring circulation. This pro-
| position has created quite rivalry among this
latter class of banks, and in some instances pre-
MUM as high as two per cent. is offered for the
| broken bank notes.
SHOULD THE VAST mineral wealth Of the Southern
States now be developed and made available, says
one Of our Northern exchanges, the exhaustive war
| will not have been without some compensation.
There are encouraging indications that this hidden
wealth will be brought to the surface. We learn
from Charlotte that the gold mines in that part of
North Carolina are attracting large numbers of
Northern capitalists. The hotels are crowded
with them, and every train brings engines, ma
chinery, &c. Four or five stamp mills are already
in operation, and some fifteen moro have been
! erected. Ono, at tho Huey Mine, is turning
| out on an average three hundred dollars in
bullion per day. Several mining companies
have recently baen organized in Central and
Western Virginia. In the historic region around
fredericksburg the roar of artillery has now been
succeeded with the ring of the miners shovel and
pick-a1e. A new gold bed has boon discovered
near the United States Ford, where HooKER's
troops crossed the Rappahannock, in 1868, and is
now being worked by an English company, who
look for great results. The Houston Telegraph
is confident that 80 soon reconstruction is con-
sumated, Texas will swarm with explorers and
workers of cher immense mineral resources ;
that the hardy miners will leave the dreary wintry
! regions Of Idaho and Montana, for tho "genial
and richer regions" Of the Lone Star State.
1.-THE Mn1KpaEym1E UNION administers sharp
rebuke to those Southern journals which are in
duleing in 'unwarrantable abuse Of Ex-Governor
BROWN for his course in regard to reconstruction.
The Atlanta IteAigencer likewise asks: is Governor
BRowN's position 80 invulnerable that resort must
be had to personal abuse and personal detractiono
Whatever the people Of Georgia may think Of
his advice now, they will regard it with favor somo
day. But it is evident that the majority OF them
now go with him, notwithstanding the advice Of
some Of their journals" The foregoing paragraph
We find il an exchange; We reprint it, not 80 much
as chronicle Of the fact, as for the reason that
what is here said Ct Georgia is equally true Of our
own State, and Of all the States Of the South. The
truth is, our people here are heartily tired Of tho
long, and to them very painful, controversy about
reconstruction, and would hail with gladness any
scheme aim ost, that promised speedy end to the
long protracted strife. II active means are adopt
cd to rouse the people to the Importance Of full
expression Of their views, such as they will have
an opportunity to give by registration and the bal
lot box, We feel confident the result will bear out
our assertion.
COMPLAINT Is MADE Of the accumulation Of gold
IN the Bank Of England, says the Journal Of Com
1aerce. The rate Of interest is reduced, but no.
body wants to borrow. There is surplus Of coin
beyond tho wants Of business equal to sS0, ,0O9,
900, compared with the amount usually lying idle.
This condition contrasts strangely with the state
of things one year ago, when tho monetary sys-
tenn Of England was passing through serious
crisis, and discounts were difficult to obtain, even
at the most e1orbitant rates. In May, 1866, the
stock Of gold in the Bank OF England was only
Ell, ,5OO, 900 now it is nearly Ell 100000, or
soy twice as large. In fact it is at present
only little short Of the maximum amount Of
specie which the bank has ever held. The
Bank OF France exhibits similar condition
its stock OF specie being at present no less than
fSS 800 900, which is the maximum amount Of specie
which that bank has ever held. The London Globe
inquiries into the causes which have produced the
reaction, and attributes the plethora Of gold to tho
suspension Of industrial enterprise. The channels
Of trade have been contracted so large amounts
of capital are no longer required for business ope-
rations. The foreign trade Of England is said to
have declined ten per cent since September last,
compared with corresponding months in the pre-
vious year joint-seock enterprise is stagnant;
there are no more new railways or public improve
ments. In the money markets of Europe, as
in the United States, there is temporary lulL
COMPARED with their more active contempora-
ries, bookworms are at an undeniable discount.
TIVBu Iue ioats alC sooo
successful in tho worlds eyes. Yot, without at
tempting to defend tho inequality Of the justice
which is meted out to them, one can see some
sound reason why, oven from IN intellectual point
of view, the bookworm's life is often deservedly
unsuccessful. 1t is not easy to give an exact de-
fnition of what is usually meant by genius; but it
is not the less true that genius, as the world un-
derstands the term, is not so often found among
the narrow tide Of bookworms as it is in the world
outside. Genius is nothing unless it can produce.
And it is q mistake to suppose that books alone
will teach student to do this. Nor will solitude
and isolation from the society Of others, however
necessary as tho means Of consolidating and
beating into shape thoughts which arc sooner or
later To ha pipan 10 the world snnnly tho naca of