The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1873-10-08
mo. |
The Immediate Cause of Tic Crash

u
J., accoun: for tho terrible cra.a. I
d real cause, however, is discussed cr
'. ny lew, because only few untr
It stand it. The rot Of all is TO
h louni IN the misahicvous systc.u q
G which business is conducted by Il
t most OF TIE '"rn down banks. | h.
$ occasion 10 LOOK into this systy,
f "b""t year ago, an! said to scv>.
al persons then that it wouId sc,
e day cause serious troullc. 1t is Il
u prlnclrlc Of ccltificmtion for broke.
that iics at the bottom. Its one :.
tion nay be briefly cxplaiu,
the first place, it Is Il rule ia ~.
street that all transactions in Stuc,
shall be settled before tuurtcr:p;,
two each day; that is, all dciivc,ic
and payln cuts must Eo made By tit
tlmo. Well, n broker, say, has
balance Of 100000 in bank and h
must pay $loo,OUo. 1t is not poss,
bio for him to get this money, but /,
an nrrangemcrt with his bank he cal
get checks Tor the whole amount Ger
tiled. His honor is pledged tv make
his account good, ty cepositing either
! currency checks Or securities Che lat
ter chiefly sstocA) by three O'Clock.
Ills ls the only protection tho bank
EaS, and, us any person MAJ sec, i,
Is very ''in%y one. Every day dur
lrg an active season brokers give
ohecNs for from three to five times
tho amount Of their deposits, and
these checks arc certified i.st ..
Though nun"y were OH hand to meet
them. Or course such system must
some day end with crash. The
crash has come, it is now high time to
reform the abuse that led to it,"
Is it Tic Truth?
The New York Times, in u rcccia
article commenting upon tho
canvass now pending iu Virginia,
says:
Northern Republicans "don't caro-
50 very much about the negro, as /.
negro, but they do caro- for their own
indrpendcncc.'
We have NJ llln. ccs dad #: the
.osro was to hcl p him to rise to place
and power. And now VIC havo Az
avowa: of it from no less source
than the chief Radical organ in tho
country.
But tho times is so crafty that its
most positive assertions create doubt.
1t may be that tho Times thinks it II
safe thing in the white State Of
Virginia to say that Northern Repub-
licans care nothing for the negro as
n negro; that what they do care ior
is their own independence" in tho
hope Of rcrsuaGing whito Virgihans
that if thc Radical party shall be SC
curcly placed in power, it will throw
its negro allics overheard. However
this may be, it will avail nothing.
lie would be not Il cheap, but cre-
dulous man who could bo bought
with u promise that tho Radical pur-
ty Will ever cease in it's Efforts to con
troll the country by means Of the nc
gro vote.
1t will doubtless be long ere tho
Times will be hcart to declare, while
a South Carolina election is pending:
that Northern or other Republicans
care little for the negro, as negro,
for the reason that it would not pay
There is 40 need for any white votes
in that state. LII Virginia, however,
unless thcrc be large white vo;'
cas-, for Mr.. Hughes, General KEN
per, the %Li;c lnan's candidate, vii
surely be elected and s!raightway
,, VIC boar The organ Of tho party Mr.
llughaa represents, crying out that
, Republicans DO not, after all, "cart
! SO very rnucl about the negro, ~ i
nero )" that all hey wished is t.
preserve their their own indcVnnd
, cn C, and not to be "sncczcd at y
By :hc way, it is passing straug
how! much our Northern urclhrc,
dislike being "snccrcd at" hy It.
poor Southern Ku KIM DEVILS
ono would think that, if Southcr
men wcro tho guilty crimiDals am
, violators Of tho law Of both Go,
and man that it is tho fashion to rep
, resent them to be "irtuous, law.ab,d
: ing Northern men would care nothiu
Q for their snccrs. But it is not Sc
! They call US all sorts 0; ugly namcs
and accuse us of all sorts of ugl
, deeds, and then quarrel with us fo
not meeting them on terms of socir
equality. 1t is curious Whining
ton Jounu.
=. Commodore NlaurY'S Remains.
. The remains Of the lato Commo
y dorc II. If, Maury we're brought
! Richmond, Va, on Saturday, o.
" tho Chesapeake and Ohio train, an
) conveyed to Hollywood Come terry fo
J" intcrmcnt, accompanied only b
" members Of the family or relative
u WHO arrived there on tho samo trair
L. and by those residing in Richmon'
<. Thus was committed to its. last restil
y place the moral remains of one Of IL
q most illustrions men Of this century
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