The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1875-09-08
Editorial Review.

OF new capltal TO date IS S4:oVV,VOo.
The old business will be closed and
time will be given to debtors who are
unable to meet their bills.
The first load of new cotton arrived
in Augusta on Saturday, 28th ult.,
and was received at the Planters
Union Agency in that city. 1t con-
sisted of five bales and came from the
plantation Of J. NJ. Dye, Jr., in Burke
County.
Hons. Fernando Wood, of New
York, NJ. P. Poland, of Vermont, Geo.
q. Pendleton, of Ohio, S. P. Chris
tiancy and Geo. NJ. Willard from
Michigan, and Hon. VIM: D. Kelly,
of Pennsylvania, have accepted invita-
tions to attend the Great Georgia
State Fair in October.
The grand jury at Sandersville, Ca,
have found true bills against Rev.
Corday Harris, Gen. Joseph Morris,
Asa Gilmore, Gen. Prince R. Rivers,
Of South Carolina, Capt. Francis Muir
kison, Neal Houston and Rev. Jerry
Simmons, charged with being engaged
in an attempted insurrectiou in Wash
ington County.
The first bale of new cotton sold in
this market this year, says the Able
vile Medium, wss bought on Monday
morning by Mr.. ". Joel Smith from
Nh. J. s. Britt, of Wideman's. for
thirteen cents per pound. The cotton
was raised by J. U. Britt and was
classed as "good middling." Thirteen
cents is the top of the market. ...
Chicago is the biggest grain mart
in the world, and handles 9O,OOO,O 900
bushels annually. The first steam ele-
vator was established in 1848, with a
capacity of 100000 bushels. She now
has eighteen elevators with combined
capacity of l5,s50,o0o bushels, with
S6,OOO,O00 invested in this industry.
The grain trade of Chicago is the
wonder of the world, and is increasing
annually in astonishing proportions.
Late advices from the government
Polar expedition has been received
from West Greenland. The Alert and
Discovery had arrived at Disco, after
a pleasant passage from England, and
both had sailed from Mttenbenk, July
II, for Upernavek. All on board we're
well, and preparations had been made
for pushing as far north as possible in
the Alert, and for sledge expeditions
beyond to the Pole. =
Alex. Craig, colored candidate to
fill a vacancy in the North Carolina
Constitutional Convention from Orange
county, expresses himself as follows:
81 am out and out in favor Of Civil
Rights and for mixed schools and
colleges, and am also in favor (if
elected) of altering the Constitution
so that the whites and blacks can inter-
marry as we'll as have all other rights
that the whites enjoy; and now I call
upon my party friends to rally to my
support"
A good example and worthy of
imitation is that afforded by the
County Commissioners of Richland in
the resolution adopted at late meet
ing-"That G.. W. Davis, chairman
of this board be authorized to call
upon the ex-county treasurer, John L.
Neagle, and demand a settlement Of
his account with the county; and that,
upon his failure to come to SETTLE
nent, legal steps be instituted to en-
force such settlement"
The Bank of California failure is
likely to be followed by others, and
they will come without much warn
ing. Many of the immense fortunes
of the North have no substantial basis,
and the men of reputed millions if
called upon to pay their liabilities would
be found unable to do 80. The South
has passed through its ordeal and
through stern necessity has been forced
to keep within limits. NO serious
failures need be apprehended within
her bounds. Not so with the North.
One by one the big: eoneerns will top
pie, fail and pass away, and then will
come 8 healthier state Of affairs in the
commercial and financial world.
The failure Of the Bank of Califor-
MA is another proof that all is not
gold that glitters, and that the biggest
fortunes seaaaaisappear With marvellous
quickness. It had a capital Of s5,-
100000 in gold, on which one per
cent. in the same glitteriDg metal was
paid as monthly dividend. Its
President, W. G. Ralston, one of the
boldest operators Of the present day,
had the fortune Of being able to turn