, 1869-12-13

gold:
"Gold ought to be kept up to protect the me-
. chants, both the importers ard tho domestic me-
, chatte. 4 return to specie p15 menta will be du
nstrous TO on.iEess. II gold Il high the cotto
crsp that gees abroad will sell for 80 much nor,
, The people cant e1Fold to have yalues impa.re
~ any trdden fall. In enots, In In favor Of kear
leg everything Just as 1t Is. doa's lie vlolru
J changes"
This was the Eoyat sort Of old rooster tnst III
New York Hurld s2:t reporters to intefrIew. 1
. order to get Al tue etatus OF business oae nigh
~ well consult Ma1nfEon himself 10 Ret 4 ID,
statement 0s TO the real yal7e OF gold, Here h
was, IN big dry Eoods commission warehouse
| regulating the naslon to which he belonged by hi
pfircte asprat!ols Al to cer:alQ .oEs OF ferries
"repa,n aniltr 81, ana he.s-strks And to 8uch s,e
members Of Congress go for grave sassest:oa
as tic sort Of legislation that Is needed for for:
nlEops OF people Yea! Western members, WI,
oc1y rced 10 nsk the nearest farmer or factor.
aa:rausc the STATE Of h:s wages, wauts, oppo<
tuuttles aid dehta, to discover the lacessi.y 0
The na'ior, Of men That must. In extremity, cart
! the destiny ot the hemisphere neco.dlne to thrt
Will.
surrose hsd have quoted against him .ht,
ianc old merchants Beparata statement OF tbf
cotton crcp as IN e1smpe Of violent change
from s1a7e lahor TO tIee-ftem protected uocco
oily BQatntt tue naked world, that ehiFered to bt
clothed IN tis staple; IN tntercss that sad. with
all apparent correCsness, "Cotson Is King. ~ b,1
1csll5 meant, "s'are'grown cotton Il king" rne
"Violent ehanee" Of toe war ensued, aa3 the
slaEely th&t this old merchant protested w.z
| necessary to make cotton crop, was sHeos avny
| Behold hts statement OF TACT,
TIE COTTON caor or 1869.
Tho cotton crop Of this year" sa!d the ce.e
brated old merchant !" Is the most valuable ever
Hade In the South; not becanse 1t u the larrast
but because It commands this hi2heas pstcsa. II
| Win be, OF ileclf, a vlnllcanon Of the ability of
free negroes to work as well e1ayea aud also of
the general hentncence Of the act Of emancipa-
ton, not or}J IN moral and soclal, bur IL CON.
nelc'al point Of view. The very planters. who
| made war becaute they could not extend slavery.
sa5 that tne5 would not rr-eataolisa It any prce
| In ropId Numbers, The present cot'on cfop IA
Wo1th three hurdred m.lllens OF tp1ars. and IL La
bringing tWeR;. five centB pound In LIVERPOOL
II declare" :" Ea'd o.d Ba1encx, ~: makes nc
think that ne sial still hcld ths cotton market nf
the vord. This cooperniIun plnn Of rnlslax cot
ton will eveDsuate In making the planters nef~
chansa You know, lsuppose, no + cossoa gets TO
the Ultimate na1kes !"
"Not clearly"
"Welll the p'auter takes It to market and ee1,s
It to the COTTON 'acor, wo, In turn, ses it to the
ElEoTean 1actor, ard 1t Is pat ou saipscafd 81.
o.atecpsy Will tx, leaving tho docK, drafts ann
f,la Of CONSIGNMENT ana tBBuIaucs 20 together to
the European bspkinR' houee uron whica 1ha
bI1A are draTTt ECch touEe as Nso Ru Dru hers-
OF tbs EaEit s, AID II they accept the bills as they
VIII upon fsf banking chances, the tr2u=fer u
complete from tce New World to the oIc,n
II! uncn II aEter OF fact rhnt one con ret irror.
nation In the basineE Es circles Of Ncs York, but
cpou matters OF opinion, Nit1e that Ia variable
The New York merchant recognizes the existence
OF vast and olgap1zed speculative interest In
the tcasrs Of the couI'Iy. He.1ooks Upon all poll
ttctaus as An orga.tzed nteres: when intends to
''sh8ve specu!ators, merchants, aEd producers
ahse, AID he d Wiling to psy his footing, pro
Weed he Ia sure that II Is 10 be upon the b.ss OF
horat thleye1y-the keeping Of the xo1d h.
tween rsscals. -. %~~'
FINANCIAL Apy7cs 1Rox PARrs,,
deem 1t a part OF my duty TO say to yoa that
any hIa1etal letters or advics which ,oa may sae
n.lLg tue column OF newspapers, AID obtaining
at least as much tnrortance as they deserve. oa
the credit Of their having been wstttea by Pa1,s
bankers, ahon1d be judged without reference to
the place Of 1beir Eatvtsy. A banke1 10 P1r,s ia
prr te Of no more constq1epce oyer banker Of
Indianapolis than d London pawnoroker oyer
Chicago pa1nbroker. T1rce -balls Is the maxi.
mum II either case. II such le,ters are backed IN
by editorials from London papers, be not deceived.
for Paris fraud with q London endorsement oaly
grows more. worthless;
II any gentleman fron Paris has coed idea let
It have all fair examination but In these dam Of
catles and cunsld ships there Is no pzemtu u upoa
European opInloA. ..H
There s1a tho mauy American bankers In Paris
for the butnets that Is done there BY Amerfca9s,
anu few NeeAs ngo We had Etguai case Of ot,c
Ct them bursting up. a7d Ia the carity
1en the money OF his depos1tors some
OF whom Tero piteonsly embarrassed.
haven't reud word Of theee lcnx columns Of
1paI cial suggestsons from PARA God FORBID
All wait TO TO Is 10 destroy the notion thAs there
is mere 1canclaf wisdom In tie government which
erdosed Maxlmnsan'a loan than in that which
hr'eged over a.Ereas rebellion seduc.ions from
Pms arc as Old u the full Of Tn1y. -
WAkTED, A BOLD FRE3 TRADER, !
II there Is good zeascn to suppose that augtntp1
can be proved by It, hope soma member nom |
sne NoEthTc.t Will, At discreet place, ptopnss I
an investigation thia tession Into the exact rcIa-
tons which exist between tbs npgleaders Of the /
high tarin set In Congress- and the manufacturers,
The aitot oi certain mem here to run Ia thetr
sh1t.ais, Il need be, II dead Of Eight, to wake pp
the President ana Cabinet to htap r1ttts LEAK
in the ss.oufsasarena' embargo. leadsnauypeonle !
TO tuPpose that they arc SIMPLY astornegs, feed
and fed lite anybody e.se,-purchasaAIe for a |
prosecution or defence.
uncets;aud that some at theea gentry bafe ]
to use the!r places in Congress this
s1 ~ :" ~ .9e ~. "sas ~ .acu e'lea 60 On!
srrsr - ~. <A1 o.. ~ srtt. s W. W oasn, 1ae West
mia, 1h1oh,. ,n11t.s -. - uc epI's q
fsr.o. ssrs.. ~, s.. ~ ep'soaes Wild dl1'
wh.+ ~ g. 80 .Ss,ss..H ~ s.N..se'
Congress u poaltiye Eau who will put tais aqes-
ttoE paramount aud Apply his talents 70 IL We
hare plenty OF light-Wetghts, amiahie men. con-
s3nced but not enthusiastic; but the agility, v7s.
nonhnr~;. ~ n. rs.+- - rss',s. s~aeAeso aao
tere. Tne,a n rrnn,,,t. M s - saana9
s~ ~ :" @esa e9eas
,saa . - LEE uaae-lna ~ emaneapa1sa ninda ace
ny. .Se ...ss aa !" sotsu Apuas*e" hlu We nave
-es.sta1sf m tast .aete no ona Con-
- as s,O soaA ,uay swateaea epon this topic,
~ ~ - =. - 49,, sasts 1os, 70 my 1aagmens
an =. ,ctsns,eo ,ssa,s,a as sny uaoe7taaas isee
~ saSas pnoopio. sna u capable Of
asIIe WIN ~ az 1ouna. Throughout
i1Re l4s ol tnn country the people
sto ssA taA tae hl9h tafif inter-
.s1 ~ II. ooriops hamons, ous they are not up to
sNc Aefe y! s'oeese15 aaunKHs Iuf, andu o1r Late
tsfem o1 oepeaalng upon congress- for local tm-
atoFemenah aHnole dhsz1ct Will ny OF It's bal /
snce 10 get neH navy Ja1d, new port or i
laW railroad ont Of the FedefM crib, md total,y
nssa1e Straightforward conncctim. Let ~:
member be ever 70 learned and earnest III ,hts
ubject, his d4tztct demands something Of detu. /
" tangouisy, and national s.a,es.osnshio haa
hus imnensely suffered BY the greed Of atstr.cta
BIZ the time Conue1smsn Goodman b., hronoht
he newspapers and the senn1nens OF i'd d,.tT1ct
lp to lcehe standard Of rtphfenu-nes. m f,ee
rsde, the opposite Interest makes q felut of eet.
ing up 1o!1ng.ml11; there roes shroa1 ~. y. ~
hat coal has been discos e,ed: and fha RON tnsns
! fa1iroa1, or somethipo. m Gonfmsn =, ~ /
our.Sed; the lie lses on. snd t1,a 1nsT.-a ~ -, ~
eopls are robbed Is eTt: ~ '3'
But the greater PROBABILITY IL tnat Good,no,
nsef Il bought up. and ,ha tarify r.n,. ~, ss1,,
r.a. c-r.sn+r ~ Ia ~ 80. .1~ ~ - Soo-