The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1869-03-10
y ith those of the Gulf States follow.


first time, to be quoted in this mar
ket. Tho damage that wos workcd d
! by the war, on many of the lines, is
being rapidly repaired, and Northern
capitalists arc steadily buying up tho
stock. lie had no doubt that before
long, some of their roads, tho shares OF
which but lately would scarcely com,
mand ten cents on the dollar, would
be on the same footing with the New
York Central, Michigan Scu,hern,a and
the Northwest roads.
"Thcrc Is another clement of future
prosperity for that scctiou," remark
I'd veteran ehipmastor from South
street, "which they would be very
unwisc not to develop"
"What is that :" we exclaimed.
"Direct steam communication with
the leading ports of the old world.
In the absence Of that the planters
md merchants will always be at the
mercy of Northern middlcmcn, and
subject to enormous dra backs uron
he value Of every thing they may have
TO sell. EngliSh capital has already
started two or three lines, and these
ought to be supported. But, by and
by, the S,uth should own her own
st c m ers, as no doubt she
will. In that case, she will be ena-
bled, i'll good part, to do her own bank.
ing, and, by dealing direct with her
customers, the exchange which at
present goes into the pockets of the
Wall street brokers will be kept in
her own"
SJme ono asked, "How about tho
political situation and its bearing
upon those substantial proofs of re-
covering prosperity -
'Gentlemcn," said an old merchant
from Mobile, "lhe South does not a,
this moment care for the toss of
copper for the political situation,' as
you call it. The Radicals have done
all the mischief to her they arc capa-
bic of, and they can do no more. The
people among whom | live can sec
that there are certain ugly problems
that will have to be settled ere long,
bet "een capital and labor, among YOU
here in the North aud West, and they
calculate that will give the demn-
gogucs az Washington as much buSl-
ness as they can attend to, without
working further malice on our section.
The great maj,rity Of the Southern
people, | think, are in favor Of letting
politics severcl y alone for the present.
They are going to work to make hig
crops aud get money, Knowing full
we'll that whoever has the longest
purse is going to be the governing
class and the ruling section in this
country for generations and genera
tons to come"
The philosophy Of that last obser-
yltion seemed to impress all present;
but further c,lloquy was cut off by
some confusion created by the an
nouncement of "another boud robbie
ry" in South William street, with a
halt in tho 5-20's and an upward
movement in the gold room. Metro
pclttan Record,
SrAiN.-- Madrid, I'D lring the
session of the Constituent Cortcs last
evening the Prime Minister, Marshal
Scrrano, said that notwithstanding
the retirement Of tho late provisional
government the members who COM
posed it would still retain their seats
in tho Cortes. He stated further
that the policy of the government
would be to, follow tho programme
which the revolution had established. i.
Every effort would be made to disarm
the attacks Of the republicans by re-
ducing expenditures in all quarters
and pursuing liberal policy general
ly. lie regretted that the liberal
reforms which had been contemplated
for Cuba had been necessarily delay
ed by reason Of the insurrection there.
GERMANY.-B e = n, 27.--The
Prussian Diet proposes to grant g.
100000 of forms to the municipality
of Frankfort, to which the King will
add 100000 from his private purse,
in tho hope that such action will draw
closer to the monarchy and crown the
; hearts Of the Inhabitants Of that city.
GkEEcE.--I!hens, 27.--The Gre
oAah EoSCh hhChV uaS 'olnCldlly uu-
nounced the re-establishment of
friendly relations with Turkey.
The DlcrAToRsmiP IN SPAIN. The
provisl, MI government in Spain has re
signed its functions and Marshal Srrrano
has been entrusted by the Cor,cs will
Inll execulivejp power f,r The time being
| This is a,dictatorship and is one Of 'hc
strides in tile. present march Of Spain
from a hated dcspotism to--wllalcvcr
tho future shall bring, a republic, mon
arcl,y or anarchy. The latter IL jast as
propablc as either Of the others; fol
amid The mass Of intrigue and corruption
which ismow fostering at Madrid nc
mah, eveniofitlose most actively engag
cd init ean tell what nm hour mn,
bring forth. s
I The recent judicial decision in tho
| Mccarthy cnse, at New Haven, is in
ter esting. Ifa husband neglccts O.
refuses to provide for his family, Ii,
can be treated as a pauper and Son
Il 4 ~ ~ ls4. n