Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-10-01
WASHINGTON CITY, Sept. 70, 1869

Dear Journal "A greater financial ez
element happened here yesterday than
has been known since the - crashing up
OF the gold gamblers in 1868. The extra
ordinary efforts of the bulls of Wall
street to run gold up had it's effect ami
tho announcement 1t eleven O'clOCk that il
had advanced to 1872, rather aatounded OIL
financial men here. Fears were entertain.
cd that the country was upon the eve Of
financial bankruptcy. Frantic appeals
were made to the Secretary of the Treas
ury for help in the promises, but the lat
ter declined, until after repeated urging.
nc ordered the Assistant Treasurer at New
York to sell to-day four millions of gold
and buy up four millions of bonds. The
result was that gold fell q short time nj
forwards to l3G, and closed Mt 1873. Th,
gambling was carried on to greater cX
tent than before known, even in the ANIMAL
of New York, and many of the gambler5
wero thoroughly ruined. Lot us hope that
men who have become SO demoralized as
to thus recRlcssly play with the best inter
eSts of the country, may be unable t.
escape from the consequences of wicked
madness.
Tho completion Of the Pacific railroad
has established q now schedule of thu
shortest mail distances between Benica
and San Francisco on tho Pacific coast
and the principal cities cast Of the Nlis3s
sippi river. Washington is put down a
three thousand one hundred and seventy
seven miles. Will this alteration have any
effect upon refusing the mileage of Replr
sentativcs and Delegates in Congress
The Cabinet meeting held yesterday re
suited IL strong expression OF satisiac
Spain. While the administration does not
believe the time is como yet to recognise
either c.belligerency,o or theindependcEce
of Cuba, yet it is fully prepared to endorgc
Sickles in everything he has done. This
amounts to q confession in the first place
that the lowpropensitics Of the vilost BLACK
guard and murderer in tho United State
are the recognized standard of American
diplomacy. The Universities wherein our
future diplomats must graduate will be-
after this, the Tombs and Five Points OF
Now York.
The Cabinet discussed at large tho pc
litical condition of the South, and espe
cially the state of affairs in Texas 1t was
finally unanimously determined to support
Davis, the "bitter ender Rad1cal with all
the power and patronage of the admins
tration, and Texans here were subsequent
ly informed that they could prepare lists
of officers to be changed and that the
changes would Immediately follow.
vigorous and determined prosecution Oh
oil the Democrats and Conservative lie
publicans is to follow, and of course Will
the Same result as in Virginia and Tennes
see.
The administration is also unit agalnai
Judge Dent in Mississippi. But SO far Is
General Dent is concerned, it is proper I"
state he has taken this stand simply as
soldier and not as politician or state.
man. He says that he desires to have
peace fully restored and the various state
admitted into harmonical working ofd"
with other members of the Union. Gen
eraI Sherman is not only a soldier Oul
statesman, but his position forbida ma
rushing into print with his views, a. d.'
some of our military men. comb!nlnB ="
political slangwhanger and asplraht lo'
political preferment with their miIilal)
position and power for personal EMS;
General Sherman has opinions as decide"
as any, but with esprit du corps that cIaI
acterized our army officers before the 'laIs
unpleassntness," he feels it to be lmproPGG'
to take sides in any controversy OF pom
calnature, but know that he desires u,
reconstruction Of the Southern States 70 10
effected as did the late Secretary OF wa
John A. Rawlins, "that there may % ~
cause for bitterness or ill-will herealtei
Pity there were not some ShermaIlS
Grants Cabinet. .,.,bs.
The amount of receipts for Septeemu.r's.
of the Internal Revenue Bureau, up ~ a -"
present date, is nearly ten million .a5
hundred thousand dollars. The estAICe
amount for the Fall mouths eAceeaS '"'''