davidaulloa/AmericanStories huggingface dataset:
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17
CAUSE OF P-4NICs.


Mr.. J. u. Hayes, of Detroit, read a
paper on the subject of ''Panics" be-
fore the American bankers association
at Philadelphia. Panies, he said, are
not generally the products of the every
day, fair, honorable, prudent business of
the country. They are the offspring OF
abuses of credit of sudden calamity. OF
widespread shrinkRg values, or of the
= e:s2s....s - .sssSi a-eesz siss:l q
I speculators to forts values. Generally
| speaking, panics and maniacs are very
closely allied to each other. fnot born
twins, they seldom fail to meet in fnan-
cial crisis. Panics may be classified into
individual local and general Public
or general panics are of slow growth.
/ They contain under the cover Of conceal
ment the elements of widespread abuses
among a large class Of commercial and
/ financial men, each Of them seeking TO
make money cut Of the same trausac-
tions, consuming the substance at both
ends until they meet in the middle and
find but little or nothing left. When
| the actual situation is realized each dupe
makes haste to get out whole, and the
discovery IS made that hundreds and
thousands have been sailing IN the same
boat, which is fast sinking out of sight,
leaving the commercial community float
ing about upon the great sea of uncer-
tainty and doubt. Business moves slowly
and cautiously for a long time to avoid
the same kind of disaster, while in fact
it may uuconsciously be running into
other dangers in the opposite direction
As bad if not worse.
Mr.. Hayes said that it was a settled
principle that unproduotiye capital must
reduce the owners of it to the necessity
Of living without it, and introduced the
following table 20 show the amount Of
unproductive representation Of capital !.
in the United States, counting only the /.
great losses:
Chicago fire in ISL about. SI.5.G0.000 /
Boston FIRE IN 1872. about. 65,OUO,OuO /
Railroad stock paying 80 divi-
dends..... ................... 500, 100000 I
Railroad bonds IN default, about 100000, 600 /
Vessel property paying nothing,
about. goo coo, 1000 /
Manufacturing establishments,
about JOotUOOO0 I
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17

Nor long ago the khedive of Egypt
hew into rage and dismissed several
judges of his new court of appeals be-
cause they affirmed several judgments
against his private Daira estate, and
swore he would not permit execution.
The judges stated that they had proceeded
in accordance with the laws, but
lsmail declined to come under the laws
of his realm, and the matter was
referred to the European powers, who
have sustained the khedive's Judges.
The Daira estate is encountered to the
extent of $50, O,O0O, 900 or $40, ,O00, 600.
Among the judges of the khedive's court
al appeals is Gen. George S. Batchellor
of Saratoga Springs, n. Y, who was ap-
pointed last year for a term of five years.
As an American jurist Gen. Batchellor
will find serious difficulties in the
way of convincing the khedive, who
has preferences for absolutlsm. of
the necessity of submitting 70 his own
eole
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17

The speaker closed with a reference to
the influence which the bankers associ-
alton can exert to avert Panics. Power
to let should be the signboard to every
place where productive labor can be used,
aud nnouey 10 let" should tc the motto
OF every bank and capitalist who is fully
satisfied that it viii be properly used to
reproduce wealth and to give prosperity
ID tMe land.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17

The trosseau for Miss May, who is
to marry James Gordon BENEFIT, has al
rived from Europe, where it was col
lected at an exponse of $4,000, accord
ing to the gossips. 1t is said to be the
most beautiful and elaborate ever pre-
pared for an American lady.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17
CURRENT PARAGRAPHS.

TIE rule OF safety is to adhere to rules
An engineer on the New Jersey Mid
land railroad forgot this last week, and
three lives including his own paid the
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17

TIE Rev. !. E Rankin, of Washing
ton, D.. c., estimates that from l,2oO to
1900 members have been added to the
churches OF that city, as the result OF
the preaching of the Rev. Z. +. Ham
mond.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17
4 Lost R4OE.
lN
" EFaven Reeister.

EaNeu h0eIsteT-
One of the e't remarkable races that
ever inhabiteeg' ae earth is now extinct.
They were kn ipn as the Gaunches, and
were the aboE .es Of the Canary Islands,
In the sixteg, g century pestilence, sia-
very, and Il ,.eaelty of the Spaniards
succeeded in - " extcrminating them.
They are des, ID as having been gigan-
tic in statunb st Of singuiarly mild
aud gentle IA. fe. Their food coasisted d
of barley. what, and gosts' milk, and
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17
VOL. XII. NO ~.

came upon them by surprise and carried
them of, The pirates, having conveyed
them to a distant island, got drunk for
JOY and fell asleep. Hymen sized his
opportunity, armed the virgins; and dis
patched the pirates after which, leaving
the ladies on the island, he went in haste
to Athens, where he told hi= adventure
TO all the parents, and demanded her he
loved in marriage as ransom. His re-
quest was granted, and 50 fortunate was
the marriage that the name Of Hymen
was ever afterward invoked in all future
nnptials, and in progress of time the
Greeks enrolled him among their gods
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17

TIE cetton crop of Texas last year
amounted to $50, 900 bales. estimated to
be-worth $27, 200, coo. Add to this, s10,-
600, 900 for cattle, 81 500, 600 for hides,
81, SOC, 600 for wool, 81 300, 900 for pack
ed beef, and $4,000, 900 for other pro-
ducts, and the aggregate makes pretty
fair twelve months work
- .------sss S.
MARSHAL BAZAINE IS living m : tsa'fff
He is penniless, and his wife fortune was
swallowed up in payment of the costs Of
his prosecution. The French govern
ment exacted the last cent, and the off
GERS even seized his pantaloons and sold
them. That Is too bad bue then 50 long
as DR.. Mary Walker wears her erpantaloons
in peace, we are not disposed to regard
liberty extinct in this world.
IT appears from the latest reports from
France that the breach between the or
thodox and liberal parties in the Reform
el church III France cannot be healed.
The disruption OF the church, it is new
stated, is inevitable. A meeting of del
egates of the orthodox section was held
q short time ago st Vigan, at which the
plan of reconciliation was rejected en-
account of the construction placed upon
it By the liberal party. The generas
synod is to be conyoked.
The American bible society has mod
fled the administration of its home de-
partment by a considerable reduction in
the number Of state agents. In New
England there is now only one district
superintendent in New York the num-
Der of agents has been reduced from five
to one on the first of the present month
seven other agents, chiefly in the western
and southern states, were retired. The
society has paid in past years for its
agencies from $4,000 to $4,000. Under
the new system the expenses for this
item will be s36, 900.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17

CAPTAIN MARES, of the British arctic
expedition, has brought the Alert safely
back from the wild-goese chase for the
North pole. The expedition went as far
as latitude eighty-three deg. twenty
min. Kane claimed that he reached
eighty-six deg, we believe, but somehow
or other these arctic expeditions turn
back just rs they get well into their work
ef finding the northern axis, the % warm
cIIrrsRLs.S snd the 9 therulonlatric gate
way" Nevertheless, the Dutch govern
Enent, remembering Barent's discovery
eS lonely Spitzbergen, is contemplating
q new expedition, te find 3 Polar route
to China. Peace be with it.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-11-17

THE New Orleans Times says of the
late decision of the supreme court of the
United States according to which u
ssrance companies viii be competed to
issue paid sp policies based rron Preml-
ums psiS up to the bresl4ng out OF the
xvar I'D in case of Aae death of the as
I'D TO pay t. nis legal representatives
nat sr,oUzl in cash, that ''this involves
the ryment by the life companies, TO
so.thern claimants, of an amount which
.nust aggregate several millions of dol
lars Though not at all what was asked,
this is more than many expected, and viii
invest a great number of claims, hereto
fore considered hopeless, with substan-
tial value"
A RATHER novel way of opening court
occurred not long since in one of the
Louisiana parishes. 1t seems that there
Is regulation that requires the national
flag to be displayed whenever the court
IS in session; and on this occasion the
sheriff had loaned the flag to
q colored club, and it was not returned
in season to be hoisted at the opening of
the court. The judge got excited and
was about to proclaim that no business
could be done that day, when a happy
thought struck one of the cold mem
bers of the bar" who suggested that if
the court should sing the HStar Spangled
Banner" and the bar should join in the |
chorus, sufficient proof of the loyalty of |
the court and bar would be in evidence
TO warrant proceeding with the business
OF the court, which was accordingly /
done, and the occurrence duly entered |
on the minutes.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15
the immediate abolition q ali privileges n i

III
81 ENGLAND.
LONDON, July 14.-The weather here to-
day Is extremely hot. !
In the House OF Commons to-day numer-
GUS petitions were presented by members Of
both sides in fnyor OF the abYogatioH OF the.
declaration of the treaty OF Paris.
DREADFUL ACCIDENT on. BOARD OF An. IRos-'
CLAD. sig5s
LONDON, July 14.-The STANDARD in its
evening edition publishes dispatch from
Portsmouth, which says an accident, the
nature and extent Of whichis unknown, has
occurred on board her Maiesty's iron-plafed
turret ship Thunderer while on a triai trip
in Stokes's bay to-day. A large plumber OF
injured persons have been brought TO the
Royal Naval Hospital at Haslar.
Second Dispatch.
LONDON, July 14.-The Standard has the
following dispatch: ssThe Tbunderer's
boiler exploded, killing fifteen persons and
wounding twenty. The chief and assistant
engineers are among the killed. Captain
Wilson's hand was blown off. -
GERMANY.
LONDON, July 14.-The Times publishes
Berlin special which says the Bourse was
depressed Yesterday in consequence OF the
rumors OF financial difficulties at st. Peters
blTgh, where one bank is reported embar.
rassed. $50
AUSTRIA.
VIENNA, July 14.-Austria and Russia
have addressed communications to tue Pow
ers respecting the recent meeting OF the
Car and the Emperor Francis Joseph at
Reichstadt, and its results.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15
member of the police force, or by the City
Engineer, or his assistant. Adopted.

Mr.. Craig offered the following:
:. Resolved, That the. Committee on Ordi.
nances report an amendment to the existing
ordinance concerning the collection of taxes,
so as to provide that the first half Of the tax.
bills unpaid on the 1st day of August be re-
tanned In the hands OF the City Treasurer
until the 1st day Of January, till delinquent
taxes are turned over3to the City Sergeant
for collection. Adopted. i1.
County Court House Improvements.
Colonel Ambers and Mai or Walker, Of the
County Board OF Supervisors, by invitation,
appeared before the Council and requested
that the body appoint a committee, in ac-
cordance with prior agreement between the
city and county, to assess the amount .ex-
pended by the county in the courthouse
erected in the city. This amount had to be
refunded by. the city upon the removal Of
the courthouse from Manchester back to
the old courthouse or any other point with.
in tile county, and as the removal had been
effected they asked that this part OF the com.
pact be carried out by the city. s'<- - :
After some discussion, on motion OF Mr..
Brooks, the matter was referred to com.
mittee composed Of Dir. Brooks, DIR. Weisi.
ger, and Mr.. Craig.
On motion of Mr.. Perdue, the chairman
pro tenn. was added. rs 60 ~;
Adjourned. :fta
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15
LOCAL MATTERS.

Fatal EFFECT OF THE LATE SToRM.-The
slight storm and welcome rain which visited
Richmond on Thursday afternoon was very
different In character in the lower part OF
Hcnrico and Charles City counties. About
ten miles below this city Mr. George Hig-
gins was instantly killed by the lightning.
He had been living upon the farm belonging
to Mr.. Charles y. Williams, OF this city, and
when the storm first came UP he was in the
field at work. He picked upthe hoe he had
been using and walked ohis house. At the
time OF his death he was standing in his door,
leaning upon the hoe. Two negroes were
also in the house at the time, and both OF
them were stunned and injured by the Same
bolt. One of then,is reported.to have been
severely burned, but not fatally.
Further down the river a tremendous
storm is reported, and considerable damage
was done. In the neighborhood OF Curl's
Neck it is estimated that at least four inches
Of rain fell; some persons, however, be-
lievc the quantity of water that fell has been
undcrstated. In some parts OF Mr.. Henry
Cox's field, in that vicinity, the water stood
from ten to twelve inches deep. The wind
was so high that all the corn in the neigh
borhood was blown down. Captain j. T.
Childrey's splendid barn was demolished
by the wind, and many old forest, yard,
and orchard-trces were either uprootcd or
prostratcd 10 the earth. Many persons assert
that the storm was the seYercSt one they
ever saw in that locality. ff.E
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15

Police CouRT, YEsTERDAY.-Paul Berry
was up charged with stealing one gold
wateh Of she value OF S175 from Benjamin
Edwards, captain. OF 10. vessel now4at City
Point, on which Berry was for o short time
employed. The arrest was made by Inde-
pendent Detective Craddock. The case was
continued until Tuesday next. Berry claims
to be native OF Boston, but for the past
two years has been living at Hampton, Nor
folk, and other points thereabont. Some
time ago he determined to make q trip to
Petersburg, and was on his way to that
place when arrested. He Is a sort OF
''foater" or sriver tramp"
Bette johnson and Jane Davies (colored),
for fighting and creating, q, disturbance in
the. street, were fined, S5 each and costs.
Committed to Jail in default. r
William jenkins "a small colored boy,
charged with stealing one lot OF tobacco
from Alexander B. Wells, was jailed for two
hours, and his mother. ordered to give him
the lash. ,.,,.r,r.- s5.''
Stella Sherman, creating a disturbance in
the street and using profane language to
Policeman Charles II. Sweeney while in the
discharge OF his duty, was fined - ane
costs. 11 81 4 III
Lucy Price (colored), cursing and abusing
Anna Jackson, was discharged at the sta-
tion-house. -
Laura Williams, assaulting and beating
Frances Waugh with a brick, and John and
Frances Waugh, assaulting and abusing
Charles Williams. Both cases were dis
posed Of at the station-house by Justice
Saunders. q" @"''s 1@.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15

Look Out for Your 0ld Feathers.--A
number Of gypsies were brought over to the
city yesterday afternoon in charge Of Po-
liceman Henry Charter, of your city, who
were charged with swindling some OF our
citizens out of their feather-beds. The
dodge was carried out somewhat after this
manner: 1t was represented to the citizen
that his bed could be renovated, or that
new feathers would be brought back to re-
place his old for certain consideration.
An amount equal to about one third or one
half the value Of the feather-bed was left as
collateral, and that was the last ever seen OF
them. There seems to be money In the
business, as feathers are in demand and dear
in northern markets.
The gypsies were before Mayor Chiles
yesterday afternoon, and attracted large
crowd of spectators. His Honor could not
make out case with the evidence adduced
before him, and the parties were discharged.
They are now supposed to be operating in
your city.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15
IN THE EAST.
XETVTH CONGRESS--First Session
,,...,;y .,,.... WAsH1NGToE, July IA, 1876.

H. SENATE. sr
The conference committees report on the
silver bill was adopted. It goes to the Pre-
sident. .. i.
The impeachment court metand adjourn
cd to Monday. ~a,. .,...4- -.
The river and harbor bill was resumed.
The amendments increasing the appropria-
tions for James river, Va, and Cape Fear
river, N. c., were agreed to.
Mr.. Norwood moved to non-cOncur in all
the committees amendments striking out
appropriations. r
Mr.. Window, OF Minnesota, said the title
OF the bill was making appropriations for
the construction, repair, preservation, and
completion OF certain public works on
rivers and harbors, and for other purposes"
He thought "for other purpose" meant
to make smooth and easy the way to con-
gressional honors from the various districts
of the country. It was to remove obstruc-
tions in the way to Washington, rather than
to remove distractions from rivers and har-
bors. .:
Mr.. Norwood withdrew his amendment.
The Senate then non-concurred in the
various amendments OF the Committee on
Appropriations to strike out number OF
provisions in the House bill, among which
are the following: S2,400 for the improve
ment of Occoquan river, Virginia; So, 900
for Aqua creek, Virginia; $1,000 for
Nomini creek, Virginia; 1000 for Accotink
creek, Virginia; s25,00O for Pamlico river.
North Carolina; $4,000 for French Broad
river, North Carolina; $4,000 for Perqui-
mans river, North Carolina; $4,000 for
New river, Virginia.; $4,000 for Mattaponi
river, Virginia; 81, 900 for Pamunkey river,
Virginia.
A number OF other amendments proposed
bv the committee were agreed to, including
the appropriation of $1,000 for the removal
of Beaver and Nailor Bend Rocks, and clean
ing out snags in the Little Kanawha river,
West Virginia; striking out the appropria'
ton of $4,000 for Mackey's Ferry, North
Carolina: increasing the amount for the
| Improvement OF the harbor Of Norfolk from
$4,000 to $500.
The conference report on the bankrupt
bill was adopted.
Adjourned to II A. NJ. tomorrow.
HOUSE OF REPRESENTATIVES.
The bill removing the political disabilities
Of George Watson Carr was passed.
The Elections Committees report in the
case Of Abbott u.s.. Frost, from Massachll
sets, seating Abbott and ousting Frost, wa;
adopted, .
The Committee on Naval Affairs reported
resolution reciting that the wreck OF tht
monitor Tecumseh, sunk in Mobile bay, ha!
been sold, and directing the Secretary Of tht
Navy to prevent the breaking up or de
struction OF the wreck, and, if necessary, tt
purchase back said wreck. Adopted.
The conference committees report on th'
bill to amend the bankrupt act was adopted
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15


new law OF Connecticut in reg;nSss
transferring life insurance risks forbids Any
ainaislmation or consolidation except after
notieet TO the insurance commissioner Of the
s'ate and the policy-holders, and a stataa
nearing before u board OF three State insu-
rance commissioners, including that official
IN Connecticut Such board may author
izc consolidation or reinsurance, and the Of
hcers OF any corporation violating this act
are liable to $4,000 fine and years impri-
sonment, .t9,c
A Boston dispatch states that the will Of
the late Augustus Hemenway directs his
executors to pay 100000 in gold among
deserving charitable institutions. 1t also
provides for The payment Of $1,000 ycaE
Tor the next ten years to maintain divine
worship IN the Jail and poor-house at Litch-
ield, Conn.
The delegation OF thirty French working.
men from Lyons e1, ropts to Philadelphia,
arrived at New York Thursday, where they
were welcomed and banqueted.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-15
MANCHESTER NEWS.

Your reporter proceeded to Manchester
last evening on his way to the convocation
of the City Fathers, and the cooling breezes
from heriver would have given zest to his
ideas as to the improvement Of your neigh
boring city but for the fact OF an annoying
error which occurred in the previous days
report. 1t was duly recorded upon good
authority that DR.. S. L. Ingram's little boy
had had his upper. LIP bitten off and swal-
lowed by fayorite dog. 1t turned out
that the wounds were Of a triiling nature,
and it gave me pleasure to know that the
little fellow could always in the future EMU
late the example Of his worthy sire in hold
ing stiff upper lip and wading manfully
through life. This is perhaps the worst re-
portorial crime I have ever innocently COM
mitted in printing-ink. have murdered a
farmer, have afflicted a healthy citizen
with fatal case OF fever, and
have poisoned an entire family, but
I have never before bit off little boys lip
and swallowed it. May the Genius OF Jour-
nalism ever spare me from the like Of such
offences, but do declare that the next in
formation-fiend who misleads me into any
such misstatement as the one in question
shall be scalped by O pencil "more sharper"
than Sioux's tomahawk.