The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-10-19
IrRoM OUR OWN CORRESPONDENT

The South Is to have Pacific Railroad, with
eastern connections Mt Charleston and Norfolk
Unlike the Northern Pacific roads, ID is to be
built without one dollar of financial subsidy
from the United States, and, possibly, without
even soliciting an acre Of the pubic'la lands. The
Congress can certainly do nothing less than to
grant the right Of way through the public do
main, and furnish the company with q charter
restrictive Of the government rights and pro-
tective in Its character to the stock and bond
holders of the road. The Southern road will
not be lobby scheme, and will have
no conflicts in Congress against the
cohesive power of public plnnder. It
is to be the work of. the capi-
tallst, unaided by Congress, and is In the
hands Of men In tllis country and in Europe
who will furnish the sinews OF the road. Yes
| terday your correspondent was informed OF
oil Of the details of the great Improvement.
Suffice that II be said that 1t Is the intention of
certain New York capitalists to place, this COM
ing winter or next spring, loan on the mar
| ket for sixty millions Of dollars in q coin or
| currency six per cent. bond, secured by first
mortgage on the road. Assurances have been
| received that more than half of this amount
will be taken In Europe. Tho road is TO have
three eastern connections-th first with the
Kansas Pacific Railroad ut Sheridan and thence
cast to st. Louis the second with Memphis
yia Little Rock, and then with two termini on
| the Atlantic scaboard-at Charleston and Nor
folk. The latter will be reached by notifications
Of existing railroad lines running east and
southeast from the Mississippi River. Not only
have the projectors of this line oil the confidence
needed from Eastern capitalists, but some Of
the wcalthcst men in California are lust as
earnest for the Southern road, and will come
| forward, as they used to say in war times,
| with men and means to build It, The coming
winter, 1t is believed, will block UP with snow
the present overland line for three months,
md demonstrate most conclusively the neces-
sity Of n great interior continental line south
of the snow belt. The contractor who laid
every foot Of iron from Omaha to Promontory,
distance of eleven hundred miles, is now
here, and says that the Southern road can be
easily built and put in running order in four
years, and is willing to risk the prophecy TINT
the cars would go over that inc on ttre first
Of January, 1875.
During the past week there have been quito
number Of immigration agents; capitalists,
&C., passing forwards and backwards through
Washington to the Southern States, looking
out for places of settlement, the purchase of
lands, DC. In every instance they have funds
which. they intend to sock for liberal invest
ment Just now Virginia seems to attract the
bulk of this capital, for the conservative course
of her new State Government and the death of
carpetbaglsm there have placed her five years
ahead. A company of thrifty, wellto-uu W..
have about decided to leave the cold climate of
Minnesota and Wisconsin and buy one hun
dred thousand acres Of land near Lynchburg,'
Virginia. They are pleased with the land, the
climate and the people, and are already ar
ranging their plans to develop manufacturing
interests. The Hon. Caleb Cushing is Mt the
head of the Polish colonists, and represents
them MS very Intelligent, worthy Industrious
class, who will add to the material prosperity
OF any State In which they may be located.
Tho Radicals herc-evcn Forney-are not
disposed to be very jolly over tn recent cleo
tlons In Ohio and Pennsylvania; and II they
had carried those States by any respectable
| maJL..ty, their rejoicing would have been
dampencd by whit they call tue Presidents
cruel treatment of the Republicans of Penn
| sylvania as exhibited in the recent appoint
mcnt Of the unknown General Belknap as
Secretary Of War. The Pennsylvaniuns felt
quite confident, to tho day of the election,
vacancy in the War Office. The fact that STAN
ton and Cameron had been Secretary Of War,
and that cx-Spcakcr Grow aud other Penn
sylvanians desired 1t 30 much, made them
confident that they would not be disappointed.
Besides, they say that the President acted
cowardly in delaying the appointment until
the very morning alter the Pennsylvania cleo
tion. True, If he had selected the unknown
Belknap from far off Iowa week before the
election, the little majority on which Geary
hos squeezed In as Governor would have been
swollen the other way in favor of Asa Packer.
But as mean as is the obscurlty rof Beknap,
the Radical element here arc boastful that he
is good substitute for General Sherman, and
wills manipulate the military in Texas and
Mississippi as to secure Radical triumphs
there. From what can be learned, this seems
| to be true.
The Yerger case was argued yesterday in
the Supreme Court, In the presence of large
assemblagc of spectators and lawyers. There
Is good deal Of feeling in the case, and va
| riety of opinion among tho nombers Of the
law MS to what the court will decide. It is
mostly agreed, however, that the result will
| be the same rs in the McArdle case-whereIn
| the court>sald 1t had no Jurisdiction, and de-
clined to pass upon tho constituuonality of the
military Reconstruction laws. It decides Thus
under the second clause Of Section Q, Article 8
Of the constitution defining the Jurisdiction OF
the court. But how plain is the very next
clause, which stares in the iace the illegality
of the military commission which tried and
convicted Yerger: "The trial of all crimes,
except In cases OF Impeachment, shall be by
jury !" or Article of the amendments. But
] forget that am living in Radical rule, and
talking about the constitution
Hon. Reverdy johnson Is in town, looking
tho picture OF flnc health, and bidding fair to
survive many years. He is still active In his
law practice, and will argue case before tho
Supreme Court next week.
Senator Wilson came down here the other