The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-03-28
Tbe Qbafleston. 4ems.
MONDAY, MARCH 2s, 1870.
NEWS OF TIE DAY.

Gold closed in New York, on Saturday, at
llsall4.
Cotton was quiet and steady, with upands
at 223c; sales 1900 bales.
In Liverpool cotton closed dull; uplands
llallld.; Orleans llsallsd.; sales 10000 bales.
San Francisco's popular wedding-day is
Friday.
Three thousand Menonites, a German sect,
propose to settle in Tennessee.
Spring bonnets are small, and worn low
on the forehead.
An earthquake shock was felt at Prescott
and in its vicinity, in Arizona, on March II.
Out in Wyoming the farmers plough with
tame buffaloes.
The new Liverpool Exchange, now build
ing, will cost 81, 100000.
There are said to be $50, 900, 900 of unclaim-
ed deposits in the New York savings banks.
Three hundred Iowa merchants have re-
solved to use only silver change in their trans
actions.
The cable from Alden, Arabia, through the
Red Sea to Suez, Egypt, has been successfully
laid.
"A branch of the Cuban League ofthe
United States was organized in Boston on
Wednesday night last.
-Advices from California report the Apache
Indians as plundering and numbering defence
less whites in every direction.
Among the graduates at the annual COM
mencement of the New York Medical College
Uadn MO Cnson NJ
Smith, q colorcd woman. She delivered the
valedictory address.
The Pope has ordered ten thousand
breech-loading American army rifles of the
Remington patent. These arms are con-
structed on the same, system as the new
breech-loading rifles used in the United States
naval service.
The Chicago Journal (Radica) says: ''1t
is reported that cadet-peddler Butler tried to
shield himself from expulsion by appealing to
the Masons of the committee and House as
such. If this is so he ought to be expelled, for
Masonry was not designed to shield rosues,
aud any man who would make it protection
from Justice is unit for Iasonic fellowship.
Wolf & Co., New York, importers OF laces,
silks and velvets, NJ No. 473 Broadway, are
charged by revenue officers with extensive
Justification of invoices for the past two years,
and their stock, valued at $4,000, has been
seized There is evidence of celuslon OF TWO
government officials, one Of whom has in
formed. Their names are withheld.
Among the passengers who sailed last
week in the steamship Tripoli, for Europe,
were Sir Beach Hicks, member OF Parliament;
General Harvey McIvor, late of General Esco-
bedo's staff in Mexico; Lieutenant Colonel
Hunt aud Major Mason, OF Virginia. These
officers 90 to Europe to enter the service OF
the yiceroy, whose agent is in this city COM
missioning eX-FeG-ral and ex-Confederate
officers as rcgimcntal commanders in his SER
vice. General I.orlng and Sibley and others,
heretofore commissioned, have arrived in
Egypt and assumed their commands.
The arrival of the ''Samaria' does not af
ford much encouragement to those anXiously
awaiting news OF the "City of Boston," The
former certainly met with'as bad an accident
as could well befall steamship-her shaft was
broken, and consequently her screw was alto
gether useless. Yet within a comparatively
limited period her captain managed to bring
her safely into port. On the other hand, the
sClty of Boston" has been out over sixty days,
and, so far as we know, has never once been
seen or spoken with. 1t is possible, however,
that if any disaster has happened to her, some
of her passengers and crew may have been
saved in boats, and that We shall hear of them
as sailing vessels come in. To that hope We
must sill cling.
The Philadelphia North American fayors
the consolidation of several small business
firms into large ones as one Of the most sue
cessful means OF retaining and extending
business. Each concern entering into con-
solidation would bring with it capital, credit,
trade, experience and enterprise, and the
whole would make IN agency and an influence
that could not fail to be felt far and near. It is
maintained that the field at the West is not
sufficiently developed to warrant any Western
city in keeping such stocks as the seaboard
importers must of necessity. If this opinion
should happen to meet the great eye of Chicago
we may expect scene. The American con-
cludes that consolidation of small firms into
great ones will do more 10 cheaper the cost of
else that can be tried. For this proceeds upon
exactly the same principle as railway consoli-
dation; and if one great company can manage
long line of railroad better and cheaper than
the half dozen companies owning the links of
which it is composed, so can one large firm
manage more cheaply volume of trade that,
if divided among dozen small houses, would
eat itself up in charges of all kinds.
On the 10th of January, the American
Episcopate and the American College at Rome
received q visit from the Pope, where he was
received By all the American bishops now in
that city, all the American priests, the stu
dents of the college, and many Catholics from
the United States. A splendid life-size por-
trait of his Holiness. just painted by the Ameri-
can artist, Healy, for the exhibition about to
be opened, had been sent to the college for the
occasion, anu was placed in prominent posi-
tion. In the hall. the letter says, the Pontfr