The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-10-13
'Tbe Gbaflestn,t Nemg,
WEDNESDAY, OCTOBER 1s, 1869.
NEWS OF THE DAY.

lower. Sales 5000 bales at 264c.
Goodwin Smith fhvors Canadian indcpcn-
dcnce, but opposes annexation.
il "A number Of carloads of tea from China,
via San Francisco, have arrived by rail Mt
= Chicago. c..i,o, 80 IN .t,
Horace Greeley accepts tho Republican
nomination for Comptroller of the State of
New York.
' Extensive arrangements have been made
for the exhibition OF fine horses ut the fairs to
be held In Virginia and North Carolina.
1t is stated that the great fire in the Dis
NAL Swamp, Virginia, will result in the formn-
tlon OF n lake from three to ten feet deep.
Tho territorial fair of Utah has been held
within the past week, and Is rcpossRd u grand
success. 1t took place at Salt Lake City.
There was large popular meeting In Salt
Lake City, Friday, which adopted memorial
to Congress. asking for tho admission of Utah
as State. '.'i r'1r ti'j.,,. ..., .5ri
1t is stated that James Fisk will soon cx-
plain who the high official is who has been SO
often referred to US being implicated in the
gold movements. .'....,,,.i to...
Z" Thousands Of colored persons arc making
contracts in Louisiana for another year, and
by tho lst of f,January, It. Is said, every one
worth having will be engaged.
The Georgetown, d. c., Courier suggests
that Georgetown md Washington be consoll-
dated into one city, under the name, style and
title of George -Washingtown.
"A Washington dispatch of Sunday eve
ming says: Parties here in the Cuban inter-
est profess to. haye assurances from Secretary
Fish that the Hornet will be released"
1t Is announced that the object of the
Southern Commercial Convention is to consult
as to the best means of developing the COM
mercial and manufacturing interests OF the
country, regardless of the interests Of any par
ticular section. n:soql :: t--. ~.
The Greenvillc tAla.) Advocate gives an
g account Of the appearance Of Miss Josephine
Hutton as her own attorney in case before
the Circuit Court at that place last week. She
cross-examincd the witnesses and made her
own speech. aa Y
The Opelousas (La.) Journal says that
many thousands Of acres of land have recent
ly been sold in that section, and that there is
O daily increasing tide Of immigration ffom
North Louisiana, Arkansas, Mississippi and
other places. 4nua fiJ
Father Hyacinthc y now on his way to the
United States, where he proposes remaining
for several months. His coming here, under
the peculiar circumstances OF the issue which
he has made as Catholic priest in regard to
the Ecumenical Council, will of course attract
attention to his movements and action.
Letters from Macon, Gn., say TINT the col
ored residents around that city are now bring
Ing In 10000 bales Of cotton, worth $3, 900, ,OOo
The letters speak very favornbly OF the industry
of the blacks, and state that the distribution of
80 much money among them will add greatly
Ito their landed possessions. and relieve large
+ body who had been in want waiting for the
crop.d .dt' r. i...s 5000 .9e aa !
-" The Southside tva.) Times says that seventy
colorcd persons passed Burkcville, Prince Ed
ward County, Virginia, for Misslssippfss ssIhst
week, and that forty more from that county
!, would follow to the same destination. Rail-
road contractors from Alabama nnd Nssissip-
pl have engaged more than hundred I'm
Richmond. IL is also stated that forty or fifty
left Rockingham for cotton-pickng in the
South last week.. This movement Is becoming
general. !7.a irt " +
Postmaster General Crcsswcll has opened
negotiations with the British Postofficc De-
partment for further reduction of letter pos
tagc between the United States and Great
(, Britain. By the existing postal convention,
which went INTO effect on the 1st of January,
1868, the single rate of postage for,lettcrs be-
. tween the two countries was reduced from
twenty-four to tweivel cents, Mr.. Cresswcll
now proposes further reduction from twelve
to six cents, to take effect on the lst Of Janu-
/ airy, 1870, which, he claims, Is fully warranted
by the present abundant means Of transatan-
tic steamship communication. rf.,
The New York Journal of Commerce, In
some plain talk to O nervous correspon-
dentn who bought Southern State stocks low
and now gets frightened because they arc lower,
gives sound advice that "no man should
touch q security of this kind except for such
a portion Of his surplus as lie can afford to put
away without anxiety in;his place of safe de-
posit, and keep until it comes up to par and
pays its semi-annual dividend as regularly as
the bonds Of tho United states" The Journal
says: "0ur opinion Of Southern State stocks
has not changed. We regard them ns good ul-
Innate security, no matter what tho price may
= be to-day. Ifthcy should sell tomorrow at ten
cents On the dollar 1t would not affect our
judgment Of thcr value one Iota But we say
now, as wc said before, nervous, timid peo-
pie, although they may bo able to live for
awhile without the interest, should not buy
them even for investment, as every impor-
tant changein the market price would be in
terpreted by, them as Indicative of some new
evidence regarding the ultimate security Of
their capital. IT Is because of these accompa-
nying contingencies that the price Is so low as
to tempt buyers But nome should Yield to
that inducemcnt who1s likely to DO KEEP awake
j. at night when the price goes down."
Tho Baltimore Sun, OF, Monday, in an
nouncing the arrival of tho Hon. JEFF. Davis
who reached that city by the steamer Balti
more Of tho North German Line on Thursday