davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1870-12-26

expenses
but no matter; 1t would enable England 10 send a
limited number or troops In winter from HALIFAX
provided an avalanche Of Yankee soldiers would not
gobtle them their way 10 Quebec. Still other MIL
lions are more loolishy spent in fortincatons to
shelter the defenders OF the country What could u
small army such as could be raised here do against
those who could raise III short time, armed and
disciplined, twelve hundred thousand combatantS. .
In case Of war the Canadian Carnot, without the
genius or the patriotism OF his prototype Will
organize victory TO defend with his i've Kindred
thousand militlanen, In the plains OF Canada,
tue interests OF his dear old England.
1t was for having VOC yoelIerated such an
worthy OF climbing the footsteps OF the august
hierarchy of British baroncts Knights, do not
know watch. Such were the means of making a
fortune have seen succeed for long years OF pain
full political life, during which Downing street and
their Official Wallets IN canada soil the annals OF the
country they are today soiled by the Ministers OF
the British North American confederation
Everything has turned for the better in England
and all tor the worse In her dependencies on this
continent There tOrylsm has been driven away
IRON power; here il Is more and more domneering,
insolen corrupting pundering, costly dlsslyating,
without morals or sel.respect Here also Is about
tumbling down. The Gladstone administration
must conceive nothing but contempt against mar
plots and buies who daily Insult tue United States
through their nifeings oil the press and by laws hos
retaliation, already officially annennced, and which
would insiananeously annIhilatc eur commerce.
Our Ministers are so Ignorant OF what Is transpr-
ing outside 0f teir concavcS that they seem TO be-
leve In the continuation OF the colonial SYSTEM suc
as II was wncn they entered public life. In their
turn they have become, as in former times The
wicked old men OF our Senate. The system they
endorse Is repudiated by England. Sne does not de.
sire any more 10 keep COLONIES, and less tnan any
is too precarons and costly. They are told SO every
day, but they seem lstless and deaf The colonies
OF Australia and New Caledonia are much more
valuable for England. Their rich gold mines the
extreme mildness Of their climate the cxuberanl
fertility OF their SOIL attract thlther the surplus o
BIltlsb population ~ tenlold proportion greater
The New York herald., 1870-03-02
TIE MINORITY REPORT.

Mr.. Cox presented the following minority report:--
The minority OF the committee While recognizing
the right freely to comment upon the majority
report substantially concur with II III It's clear able
and saecinct statement Of the immediate ''causesn
winch produced the famous gold panic OF Friday,
September "a, last.
We Iorbear comment on the social, political and
economic causes incident to our peculiar currency,
or 10 our two currencles, which afforded the Oppor-
tunity TO gold speculation. No one doubts tRat II
the constitutional currency OF coin had remained to
US such psnics would have been ana would now be
Impossible. IL IS striking commentary on bad
nscal government that 1t was possible for men OF
great audacly, unscrupulous motives and daring so
in cold by winch to attain great gains. However
plausible or wise may have been the theory upon
which the tconspiratOrsn acted AND which tney
succeeded In impressng upon the Executye-vlz..
that produce would DC enhanced the railroads fully
The New York herald., 1870-03-02


fully exhibited That but little more can be said II
Is evident that the tendency OF gold was downward
ana that tue movement OF the consprat0rs was
wholly artificial and unnatural and that ls effects
were most disastrous to tho legitimate business OF
the country. 1t dealt heavy blow to our credit
abroad by shaking the faith OF forcgn capitalists In
the stability OF our trade and the honesty Of our
people. AT home Is effects extended iar beyond
the circle Of those WHO participated IN it, One mis-
fortune created another, and hundreds OF frms en-
gagged In legitimate business were wholly ruined or
severely crippled. Importers OF foreign goods were
for many days AZ The mercy OF the gamblers and
suffered heavy losses. For many days the business
OF the Whole country was parayzed, vast volume
or currency was drawn from the great channels OF
industry, and ned In tue grasp Of the conspraIOrs.
Hundreds OF active amoitious men were iured from
the honest pursuit Of wealth BY the deusive Vision
OF sudden fortune The elects OF tne panic are thus
stated by MIR. George Opdyke:-"It produced an I'M
preston upon the mercantile and financial mind,
not only IN this country, but all over the world,
that we here arc eel OF gamblers, and that ~ 10
not safe to enter into any contracts with us when 1t
IS possible for small combination OF spectators 10
monopoiize one branch OF our currency the coin,
when performs It's functions now as well as it did
before tue suspension OF specie payments 80 far as
our foreign trade Is concerned. Tho shock was
universal, only in America, but abroad. that
railroad and other securities, which before that had
been selling verJ freely on the Continent especially
in Germany and Holland nave since lOund but LILLE
market abroad"
The foundations OF business morality were broken,
and the numerous delalcations that followed are
closely traccahls TO tho mad spirit engendered oy
speculation. But however strongly we may con-
demn the consplrators themselves, we cannot lose
signt OF those causes which lie behind the actors
The conspiracy and It's banefuf consequences must
oe SET down one OF She items In the great bill Of
costs which the nation 10 paying for the support OF
its present machinery For all purposes OF internal
trade gold Is not money but an article OF merchan-
disc; but for ell purposes OF foreign commerce 1t ID
only currency. SO tong as We have two standards
oi value, recognized by law, wnloh may DC made TO
vary respect each other by artificial means, 80
Iona wiu speculation Ia tad price Of gold o1er
The New York herald., 1870-03-02

at was the policy OF the administration to
let gold work up until after the fan crops were
moved. aud tnat he never would have gone into the
movement unless he had 30 believed" He asserts
tnat Mr.. Corbin had become much interested IN
the s.crop" theory; It had become Ia mouOmana
with him, and that after various interviews with
C0rbn and with the President the latter from being
contractionist had "changsd MIS- vlews;H that the
President remarked that tue government would do
potniug during the fall months Of the year to put
down sne price OF gold or make money tights on the
contrary they would 40 every thing to facilitate the
movement OF breadstuns. The President gave his
reasons TO Mr.. Could why he would not seii gold.
He said TO Mr. Corbln that MIR. Boutwell, had given
an order to SELL ana that he countermanded It.; and
that afterward Mr. Boutwell, acQuesced IN the Pres!
dents views That Mr.. Gould WAS right ls evidenced
On these assurances M Gould rissed largely. lie
bought gold for Mr.. Corbin on ana after these assur
ances OF the President These assurances OF the
President were repeated to Mr.. Gould on the third
interview which he relates. Moreover, letter was
written, as Mr.. Gould states to Mr. Boutwell, by the
President IN reference to this matter This doubt
less tue letter OF the 4th OF September II was In
tended a. Q counterblast against the "bears,n VINO
were TO dine MI. Boutwell, in New York In pursu-
ance OF the same plan the letter OF Mr.. C0rbn was
despatched BY Fisk to the President at Washington,
Pa. Tnat letter is not described by CorDn and
timony OF the President was indispensable, to show
further what reliance was placed by the schemers
the government aid That testimony ia refused; but
OF that hereafter.
Nj. Fisk confirms Gould's statement az to their
implicit reliance on the administration for their
sidsred ..an Important II could see" he ssys.
"that II they had claim on him. If he got the news
frst, he would give II 70 thefn.n Butter
field kept sending down word 10 GoulA that every
thing was all right" so says MFR. Fisk. DIR. Corbfn
told hlm that his tCorbln's, arrangements With
General Grant were perfect. he acted, ne swears
on what Corbln and his wife told him. He swears,
that CorDin was in the plot, because OF his relation
to the government officials. Unless Pisk swears to
lies by the wholesale, he was most apprehensive VI
government interference with their plans. ~ SAID
TO Gould II we bought gold mp the government
wond unload their gold on TO US. SAID he. That
IL oil fxed.u The President was then in the
CITY. "Corotu has got Buttarhald and GrAut
The New York herald., 1870-03-02


were taking the borrowers Of gold one after another
into their private Offices, and by working their
fears and threatening them to advance the market
TO zoo, frightened and bulel them into making pri-
vate settlements NJ ruinous rates. At short inter-
vals willard and Smith and others came into the
once where Gould Was sitting and and reported
these settlements, and still Speyers was ordered to
buy, buy, buy, and not 10 let the price go below leo
One tning was, OF course, essential to complete
success tnat day. The Clique needed vast sums Of
money 30 ~ lo be able to pay for the gold tnat par
ues VINO declined to place margins In Their hands
might return to them. For this Gould had made, "a
ne thought ample provision. He had some lime be-
lore purchased controlling interest IN the Tenth
National Bank, and used tiat institution as con-
venience to certify the checks Of his firm. TO this
bank he wrote letter the day before the panic guar
anteeiag tae from loss through certifying the cheeks
Russell A. Mills, clerk Of Heath & Co., says:-He
told shat the Tenth National Bank had agreed TO
certify to un UNLIMITED extent that day. A short
time afterwards one Of the officers Of the Dank
came into the ONCE OF william Heath y Co.,
aud sad tnat 1t was impossible for the
examiners In there TO prevent IT, IL " IN evidence
that on Thursday the Dank certified checEs to the
amount OF twenty five millions, and on Friday not
witnstandlng the presence Of The examiners. certi
fled fourteen millions more. While this desperate
work was gong on In New YORK it's alarming And
rulnous effects we're reaching ana paralyZng the
business Of the whole country and carrying terror
and rum TO thousands. business men everywhere,
from Boston san FRANCISCO read disaster In every
new bulletin The price Of gold lactuated SO rapid
ly that rnc telegraphic indicators could not Keep
pace with its movement. The complicated mechan.
ISM OF these indicators Is moved By the electric cur
rent carried over teegraphic wires directly from tue
Cold Roonl and 1t Is IN evidence that IN many In.
STANCES these wires were melted or burned OF in the
EFFORTS OF tho operators to keep up with th o Hows
In the meantime TWO forces were preparing TO
strike the couspirators 4 blow. One was move
meat led by James Brown, Scotch banker OF New
York, and supported by many leading BANKERS ana
merchants The situation Of ali those WI hose legitl-
mate business required the purchase Of gold was
ceedngy critical and tue boidest OF them, under the
lead or Brown, Joined the great crowd OF speculative
bears In desperate effort 10 break down the copspi
racy and put down the price OF gold by heavy sales
Tna other was Q movement ~ td0 national capital.
The New York herald., 1870-03-02

OF this immense power-iodg0d In the breast Of the
freedom from speculation and panic under the policy
OF the late Secretary. His operations are we'll de-
scribed In the following extract from his repors Of
1866
similar complaint has also been made Of the in
Ss psa YET % the y
hos besn IN these sales that and prudent
D:a n ON aAa ;s' s
paasns 70 h %
and 70 what amount sales to be made
sss q gold hay, . been % mass IN the open and Of
the o9dinaTv way Win view OF ooisians ths vsry bsst
prices and vita iess. possible d.ufosnss Of Su.ias.
his reports IL appears that Mr.. McUuoch c0nsd
cred 1t to be the duty Of the government, while II
keeps in circulation large volume OF notes, which,
value, and which the people are compelled 70 re-
celve and use AS 'lawIui money to prevent Dy the
use OF all proper means their notes from pehg deI
preciated or Kept constantly nuctuatng Ia vaiue ~
speculative influences and combinations. MT
for purpose or supplying the Treasury with cur
rency or redeemng government obligations that ths
sales should be made in the manner adopted Oy Dust
ness men, with the view OF obtaining Iuh curren'
prices.
the duty OF me government IN regard 10 Its crculat
ing notes. and he has adopted different course u
the sale OF gold. He thinks shat the governments a1
nothing TO 40 with the money market notwithstanf-
ing 1t mas In uatiOn four hundred mllli0ns u
Hredeemabie legal tender notes the approciation *
depreciation OF which affects every mans business
and the value OF every mans property throughout
fho length and breadth Of the country. In this ie
mark we may except the Pacific states ana .ne Ir
ritortes. where gold is the circulating medium Nov
while we do not desire nor intend TO inpute hn
proper motives to the secretary nor 70 iinpugn hH
integrity we cannot overlook the fact that IL WA
this policy Of the Secretary and his expectsd adhef
ence to II under Executive innuences tnat led 10 the
combination of specuators for advancing the
price OF gold or. rather to deprecste United States
notes. 1nis nlucn the majority should have said ID
tracing the origin and character OF the panic which
II has been maoe the duty OF this committee TO IN.
vestigate Tnis combination deprecated tue prop.
crly Of the country TO the extont OF many mlilioas
OF dollars 1t gave u shock to business from which
It has not ret recovered: It ruined hundreds or msa
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-10-08

The black, red and gold fag--the ma
tional German one--is said to come
: from the times of Barbarossa That
emperor was crowned, in 1852, ruler Of
Germany, in the Frankfort cathedral.
The way from the Dom 10 the Romer
palace, where the festivities were held
was laid with carpet representing the
colors black, red and gold. After the
coronation the carpet was given to the
people, and everybody tried to cut off a
piece, which was carried about the city
as a flag. In the year 1884, at the
Reichstag at Mayence, these colors were
recognized as the true German ones,
and they were retained until Napoleon
nut an end to the empire in 1906.
Since that time the Bnrschenschaften
have kept the old colors in memory. In
the revolutionary year l84S the German
coIors were again brought 10 light BY
the members of the National Assembly
at Frankfort There was considerable
discussion at the time as TO which color
had the precedence. Freilgrath sang,
Powder is black, bloodis red and golden
flickers the flannel That is the old i'm
perial standard" Friedrich Wilhelm III
however, was the author Of the motto
hearing the meaning Of the German
Standard From night, through blood
TO light
Tie German national flag Is now seer
in Germany instead Of the flags Of the
separate countries, and il Is a weighty
fact that even in Berlin the German flag
. had recently 70 be hoisted by the order
&c fho .,rifia
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-10-08
ADMINISTRATORS SALE.
Administrators Sale of Real Estate

DY VIRTUE OF A DECREE OF THE
ID Chancery Court, sitting in and fer the
county of Lowndes and State of Mississippi,
made at the July term, A. ID. 1870, thereof, the
undersigned, administrator de bonis non of
the estate of Ransom ii. Byrn. deceased, will
On the 10th day of December, 1877 O,
next, between the hours prescribed by law. in
front Of the courthouse door of the coanty of
Tunica, in said State Of Mississippi, expose
for sale at public auction, TO the highest bid
der, for one-third cash, and the balance in
one and two years. with six per cent. interest
from date, the following described real estate,
located, lying and being in said county Of
Tunica, as follows, to-wit: Fractional section
l6, containing $40 acres; fractional section II,
containing 40 acres; south half of fractional
section ID, containing 800 acres; sections No.
% and II, and east half of section q west
half and southeast quarter. section 2D; frac-
tional south half section Is sections Is and
20; all in township 3. range H..
Also section "a, southeast quarter section IL,
northeast quarter section 30, south fractional
half Of section 26 west half of section 80; all
in township 3, range IL.
Fractional section !, township 4, range II;
southwest quarter section 2; east half of north
east quarter. east half of southeast quarter,
and southwest quarter of southeast quarter of
section 3; west half section 9, southwest quar-
ter of section s. southeast quarter Of section
Q, southwest quarter Of section 10. west half of
tions IS, IL, is and 10. West half Of section
20, southeast quarter of section q, east half
and southwest quarter of section %. All of
section %. West half of section "a, west half
of section 25. All Of section Is. South half
of section q. northeast quarter Of section Is,
southeast quarter Of section 90. sections IS
and 36; all in township "a. range /.
Also lots 3. 4. 80, 9. 10, II. u, ID, II and Is
in section Is, township %, range 2. Also, 2, B.
4. 5. 6, and in section p. township %.
range 2.
TO be sold In parcels not to exceed one hun
bred and sixty acres in any one tract.
HH w. w. HUMPHREYS, JR.,
Adm T de b0nis non ofRansom ii. Byrn, dec d.
BY order of the Court.
l52.f EARLY HENDRICK. Clerk.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-10-08


The political campaign through which
we have just passed is, we hope and be-
lieve, the last delegate election in which
we will ever participate We believe the
people all over the territory are ripe for
Statehood, and that there viii be little or
no opposition in Washington when the
matter is again preached we firmly be-
lieye. Republican speakers in our late
campaign, as well as the Democratic
candidate for delegate, announced them
selves in favor of our admission, and
were understood by the people and
warmly applauded This, together with
the unparalleled majority given to Mr.
Chaffee (who for years has been one of
those two citizens whose great aim has
been to secure our admisson) is con
elusive evidence that the people want a
State.
We believe, had the question Of State
hood been submitted to our people at
this election, it would have carried by
5000 majority. Denver may be said to
be unanimous for it. AT the supper
lately given to the excursion party, when
Postmaster General Creswell alluded to
our early admission into the Union, the
cheers were absolutely deafening. There
is no doubt of the signs and they are
all we can judge by. We believe the
citizens Of Colorado, without distinction
of party, win welcome a new effort toward
admission, and they have, so far as they
were able, given expression to this feel
ing in the magnificent majority given to
Mr.. Chaffee as Delegate to Congress. -
Colorado Tribune.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-10-08
TRUSTEES SALE.
Trustees Sale.

Under AND BY VIRTUE OF THE
u terms and powers Of a trust deed, exc
cuted to me as trustee by Michael l.arkin. on
the lst day ofSeptember,. 1865, and duly regis
tered in the Registers Office Of Shelby county
Tennessee, in book No. 70, page 2i9, will,
On Saturday, October 3, 1870,
at the front door of the First Chancery Court
room and Sheriff Is office, on Second street, in
the city of Memphis proceed to sell Mt public
auction, to the highest bidder, for cash, the
following described real and personal estate
Tor SO much thereof as may be necessary to
pay off the indebtedness mentioned in said
trust deed and yet due, situate in Shelby
county, to-wit; A part Of the lot known and
as lot No. A. in block No. SO. of Tops subdi-
vision, bounded as follows: Beginning on the
north line Of Vance street, southeast, corner
of said lot No. Al; thence westwardly with
Vance street s. feet; thence northwardly 1877
feet to an alley 10 feet wide; thence east with
the south line Of said alley IS feet to the north
west corner of lot No. 3 of said block; thence
southwardly with the west line of lot No. to
the beginning, being point of $50 feet east
from the intersection of Vance and Orleans
streets.
Also ten drays and the following described
mules, to-yit One bay mare mule l41a hands
high; one bay horse mule IS hands high; one
bay horse. mule l412 hands high, years old
one black horse mule, with gray nose, l6 hands
high, 10 years old one bay horse mule IS
hands high, 9years old; one dark-brOwn mule
1877 hands high. years old; two dark-brown
mare mules, each l6 hands high and years
old; two black horse mules, l6 hands high and
9years old; two dark-brown mare mules. 14la
hands high and years old; one mouse-col-
ored mule, blind in left eye, 16 hands high. 10
years old !; one mouse-c0lored horse mule, 15%
hands high, years old; and two mouse-col-
orcd mare mules, each 10 years old-in all l6
mules,
In said trust deed the equity of redemption
is waived and the title TO said property is be-
lieved to be good, but shall sell and convey
the same only as trustee.
5-33 HOWELL Il. JACKSON, Trustee.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-10-08


N A dearth Of telegraph operators exists
at present in Germany, and more thar
O hundred Of the smaller telegraph oiii
ccs had TO be closed because the opera
tors were needed for more important
stations in France.
1t is generally supposed that the ladies
are fond of soft soap but a young
lady at the New Harmony Ind. fair
mistook fine specimen of that article
for blanc mango and put a spoonful into
her mouth. She don't like soft soap
now.
Il was regarded as strong case OF
circumstantial evidence in Pittsburg
court, the other day, when the plaintiff
produced the skillet with which his wife
struck him, and showed the jury how
nicely the three legs fitted into the holes
in his head.
The first four mitrailleuses captured
from the French were transported TO
Berlin, through Germany, on open cars,
ornamented with wrcaths of flowers.
Immense crowds turned out to look at
these dreaded implements of murder
A very respectable old gentleman in a
neighboring county left behind him a
poem of some length, with the dying
request that it be published in THE
Journal" II we were about to depart
hence, it would be our dying request
that these verses should not be published
in The Journal" or anywhere else.
A Scotch lunatc at Middletown, New
York, has lived in the same house with
his sister for fifteen years without talking
to her. He stations himself outside the
Presbyterian church every Sunday, and
knocks at the shutters, by way of warn
ing, whenevet the clergyman happens to
diverge from the regular orthodox
course