The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-12-17

ssfor the County of Charleston, unaer tne a''
.sof February 22d, 1870, entitled an act to regu'
slate the publication of all legal and public
s'notices."
NEWS OF TIE DAY.
Madame Nilsson ouzeaud has received q
diamond Cross from the Gear.
On the first day Of January the CONNER
cial usage of three days. grace on notes, DO,
will be abolished In California. After thai
date paper must be paid the day 1t is due, OF
go to protest.
1t is said that a resolution will be intro
duced In the House of Representatives, BY
the committee on banking and currency, tt
secure an investigation Into the affairs Of the
Freedman's Savings Bank.
SO severe o gsle:as that which has just Vls'
tied the north Of England has not beer known
for years. We read OF people being blown
down III the streets, and objects like iron lamp
po5tfa Frustrated by the storm. Of course
where such unusual tokens of q terrible COM
motion as these are reported, we must expect
to hear Of disasters at sea as we'll as on land.
Harvard College, which Is to make good
the loss OF a quarter of q million destroyed by
the Boston fire, has received sll6, 600, the
offcers and professors contributing with lib
erslity. At a meeting Of New York graduates
on Saturday a committee was appointed to
raise the, 500, 600 or more still needed to make
good the whole amount Of the losses.
Mr.. Samuel N. Pike, who died suddenly In
NewsYork, on Saturday last, was the founder
of the great opera house In Cincinnati, at q
cost OF 81, 00o, 900, and which was destroyed
BIZ fire. He afterwards built in 1855 the opera
house in New York, corner of Eighth avenue
and Twenty-third street, which he disposed OF
TO James Fisk, in 1868. He leaves q family OF
three daughters and one son. His property OF
several millions has been willed, 1t is said, to
his children.
"A new advertising dodge has just been In
vented in Paris. OF late a large number OF
bank bills have been seen in circulation with
slips of paper pasted upon the back. At first
It wassupposed that the bill had been tern
and mended, but as the same thing was seen
on new bills, a more careful examination was
made. It was found that an enterprlslng
brakeman had pasted his advertisements
upona the back of the currency Of the realm,
and had taken this novel way Of getting his
business cards Into circulation. A complaint
has been made to the government, and the
question of right will be decided In the French
courts.
IN is stated In a Washington dispatch that
the society for the prevention Of cruelty to
animals, Of Boston, has raised $4,000, with
which they expect to lobby through Congress
the bill known as the "Bill to prevent cruelty
to animals while in transit by railroad OF
other means Of. transportation" This. blu vii
-~be,reported by the House committee on agri-
iculture when It is called. 1t provides that 1t
shall be unlawful to keep confined cattle on q
train or boat more than twenty-five con-
fsecutive hours without giving them a rest of
beix hours for food and water. When the bill
comes up for consideration, or the day pre-
vfous, the society tor the prevention oil
cruelty tosanlmsls, Of Washington City, intend
to hold q large mass meeting, at which Befgh,
.ofNew York, and others will make speeches
to affect favorably. the legislation on the bill.
The corner in oil which started in Penn
syfvsnis over q month ago, though having sp-
.parently exhausted itself, Is nevertheless
morsto:be feared than ever. The suspension
or coal oil production for thirty days from the
then completed wells was found to relieve the
immediate depression among the producers,
but to be- insufficient for the reduction OF the
lsrge surplus stock on hand, or useful for per-
manent relief. The project now Is to estab-
8 llsh under a Pennsylvania charter a Petro-
leum Producers Agency, with q capital stock
Of SI,O00, 600, which seems disposed to plant
itself on q basis of absolute authority
over the entire petroleum interests. Pro-
ducers are to sell their oil to the agency
for q certain uniform price, less the COM
mission which the latter will demand from
the buyers. The agency will provide storage
for oil on sale aud for surplus oil in store; ax
the price at IS a barrel, regulate the measure
OF sale. determine at what time the produe.
ton shall be restrained, and take such meas
ures as may be necessary and lawful to pre-
ventt the drilling of oil wells. They reserve
the right also CT taking the refining into their
OWL hands, which would make the monoply as
complete as is possible under human deyisIng.
The small producers who make Just enough to
live on, but In the aggregate constitute q
large class, would suffer, II not be swallowed
up, by this combination of producers on a
grander scale; while the rehners and copsum-
ers as well would be at their mercy. OF mer-
chants and bankers, only those who have
been carrying for-months heavy loads Of IN
negotiable oil paper see anything In the
scheme to commend.
The reduction of rates by the richest and
most powerful life insurance company In the
oountry-the Mutual of New York-has arous-
,eda storm Of controversy, involving the prin-
'iciples on which the system Of life insurance
isbased, n the policy and management OF
the various companies, which will have at
least one good effect, and that is the enllght-
eminent OF pollcy-holders as to matters In
which they are vitality interested. If it like
wise tends to improve and purify the manage
ment Of the Immense Institutions which LIE
insurance has built up, lhe discussion will not