The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1869-10-27


men, some weeks ago, that he had ga.
tisfaotory assurances that o gold loan
could be effocted abroad, at pur, and
at !pur per cent. to an amount equal
to our bonded debt, has bcen disore.
ditcd. But lately it has been cor.
roborated by agents of tho Roth.
schilds-or ut least by one agent who
has had an interview with the Presi.
dent on the subject. The amount OF
it is that the Ruthsobilds or any other
bankers would undertake to raise the
loan upon fair commission.
If the loan be affected und the six
per cent. bonds bought up or paid of
at maturity, there will be q saving of
some twenty-thrce millions of interest.
But this might not Lessen the hostili.
ty, so general in the West, to bonds
and boudholdcrs. they cate nothinE
about the interest, whelGcr It be more
OF lsssj but insist upon taxing the
bonds out Of existence or of paying
them off in paper. ID, ,.r...0
The anti-bond party in the West
will censure Republicans as we'll as
Democrats, aud Intelligent citizens of
the West, now here, assert that it will
become the prevailing political party,
and derives much support from the
growing sectional hostility of the
West to the Elst.
HencefortG wa shall witness section.
al sohte5ts in t7ohgress upon all mat
tors of public policy, aud the hope Of
the West is that they will find allies in
nearly all the Southern aud South west
ern representatives in Congress. Com
mercial Conventions in the West will
carve out soho nfg enough Of Western
fnYprc7emehts to reguirs & Vast in.
crease cf The tevenuo, and also of the
debt and the addition Of countless
millions of paper currency It Is easy
to sees thdrefcrej that the negro .suf-
i5aGe Question is to pass out Of ma.
tlonal politics whether it be closed by
the fifteenth Amendment or by leav.
ing it with the States respectively
Already it seems to Ba subordinate
issue Cor Courier.
ECONOMY IN FARMING!-lt is> evi-,
dent that it is advisable for the plan
ter to contract the range of hia indus.
Try TO smaller loiGs, that asin be more
highly cultivated and moro easily kept
in order. a reduction in the number
of farm laborers can also be provided
for, as it is in the Valley of Virginia,
by division Of labor and an increase
of agricultural appliances. We need
in the settlements of the country a
larger number Of men who shall be
devoted to certain spccialties, and who
can be employed by the day or
the week, as circumstances may re-
quire., We also need the introduce
tion of higher style of machinery
than single planter can command
gins, threshing machines, cotton press.
cs, and the like, which can accom- plish
all the work in each department which
q whole community may require. The
extension of tho system of cosopera-
tive stores into the country would also
be'of great service. AS the supplies
formerly purchased in quantities at
at Wholesale prices are more aud more
distributed among the retail traders,
higher prices must be paid for food,
olotniug and all other ncoessaries Of
life, unless the planters by the CO.
operative system can renew their con-
neotions with the wholesale dealers.
But az these and the like needs re-
veal themselves, we have no fear but
that our people Gun command the pit.
nsSion. The glastonbury thorn whioh
has already blossomed in the depths
Of winter, can endure without difficul.
ty the milder frosts and rigors Of the
spring - Charleston Ne,0s.