, 1869-10-16
LATEST EASTERN NEWS.
ToomprLrp FROM ruE HrRAtp.l


SPEECH By SECRETARY BOUTWELL,.
Philadelphia, Oct. 9.-Secretary
Boutwell, delivered an address to a
large audience to>night in favor Of
the republican State ticket, most of
which was devoted to the finance
question. He stated that the policy
of the Administration is to pay the
public debt, principal and interest,
in coin or its equivalent. He claim
ed that if none of the public debt
had been paid since 1865 il would
now AMOUNT to 100000, 900, 10
addition to $3.50, 100000 of notes in
circulation. If we pay SlOO,00O,OOO
yearly, which we can do under the
present system of taxation, the public
debt will be extinguished in twenty.
two years at $4,000, 900, in thirty
years.
Secretary Boutwell, considers it
certain that unless there be some dis
turbance of the peace of the world or
some national calamity, we can COM
pletely fund the debt at a rate of in,
terest not exceeding 4 J per cent. and
thus save from SlS,O00,000 to $685.
100000 yearly. s66,OOO,OOO have
been paid since March I8.
The Secretary stated the reasons
which controlled the Administration
in the application of surplus funds.
He concluded with an appeal to the
workiDgmen to see that the means of
education are furnished to their child
ren to inculcate justice and rule the
land under the principles of virtue
and intelligence.
EARTHQUAKE AT ST. THOMAS.
Washington, Oct. H. Letters
received in this city state that on the
18th of September the island Of St.
Thomas was visited by an earthquake
at 2:30 P. NJ. The city shook to its
foundation. The shock was SO severe
as to materially injure many bull
dings, shattering the walls of the
three Spanish and Union hotels and
other large structures; causing a
general panic among the inhabitants
and suspension of business. The day
was excessively hot, without the
slightest breeze themometor %
barometer 30, indicating fair weather
In the interval between the first
shock and IL PM, nine shocks oc-
CURED producing terror and dismay.
The writer co2ciudes Il had ex-
perinced many severe shock but moths
ing compared with those yesterday ;
nothing like it since the great earth
quake of 1861"
GENERAL TELEGRAMs.
New York, Oct. l0.-A heavy
northeastern storm commenced here
last night aud still continues. Much
rain has fallen.
Greeley has written letter of ac-
ceptance of the republican nomina>
tion for Comptroller. He says be
did not ask the nomination ana does
no: desire the office, but lie accepts
it undcr seuse Of responsibility to
the duties Of political life.
Louisville, Oct. O. All the hotels
are fast filling with delegates aud
visitors who come to the Convention.
Delegates will be present from all
parts of the Union. Ex-p President
Fillmore will have public reception
tomorrow. The Convention will
commence its session at the Opera
House Thursday.
Boston, Oct 9.-The earnings of
the Union Pacific Railroad since the
opening in Nay, have been over three
millions.
St. Louis, Oct. 9.-The total re
ceipts of the Fair Association for the
past week were SG6,0O0-over Sl0,~
600 in excess of last year.
Philadelphia, Oct 1.-THE recent
freshets SO filed the locks of Schuyi-
kill at Fairmount as to render them
impossible. In consequence, large
number of boats collected there dur
ing yesterday. Prize fights took
place on these boats. The first one
between two negroes for fifty cents
side, aud the second between two
boatmen, to decide the merits of rival
Gre companies. The police arrested
all four of the parties who were i'm
plicated.