The news and herald. (Winnsboro, S.C.) 1877-1900, 1878-01-19
RATES OF ADVERTISING.
JOB WORK.
Il WONDERFUL BLlNK.
The Origin and Career of the Most Pro
f1table Bank In New York.

The Origin and Career of the Most Pro-
htable Bank In New York.
A New York letter says: "Tho
death of John Jones, president Of
tho Chemical Bank, which occurred
on New Years Day, recalls the
early days of that remarkable in
stitution. The Chemical Bank, tho
only one in the United States that did
not suspend specie payment during
the war, came into existence under
somewhat peculiar circumstances.
The charter under which it was
organized was granted, not for a
bank, but for chemical manufac-
turing company. The intention Of
the parties who obtained the char
ter was to start a bank, but owing
to certain features Of the banking
law of the period somewhere about
fifty years ago) they could accom-
plish their purpose only by organiz--
ing for business purposes. The
charter was obtained, the Chemical
Manufacturing Company started,
and in short time the Chemical
Bank was organized and doing
business. The Manhattan Bank,
another old institution, located in
Wall street, was started in the samc
way, tho charter being issued in tho
namo Of the Manhattan Water
Company. The Chemical Bank was
favorite among old merchants
from tho first, and tho character Of
the mon connected with it soon
gave it high position. When the
war broke out and suspension be-
came the rule, the Chemical gave
notice that it would continue to
redeem it's notes in gold, as usual.
AS the outstanding notes were but
trifle, the redemption was o. simple
and easy matter, but the mere fact
that the Chemical Bank continued
to pay gold, in the face of universal
suspension, mado it famous
throughout tho country. So prog
porous did the bank become that
with capital of 100000, it now
has a surplus of over 81, 900, 1000, and
for several years past it's stock has
been quoted at $1,000 per share, or
fifteen hundred per cent. above the
original cost. Mr.. Jones had been
president thirty-three years, and
was connected with the family of its
founder, John Mason. He was
bachelor, and had been communi-
can't in st. Paul's Episcopal church
MI his life"
The Russian Joura,ol Of IytiUcry
states that an Austrian manufac-
turer has recently arrived at st.
Petersburg, and has offered to sell
to the Russian government tho
secret Of the fabrication of new
explosive. This substance, which
is called "heracline," is, tho invent
or asserts, far superior to either
ordinary gunpowder or dynamite for
blasting and mining purposes, and,
when prepared in special manner,
may also be employed with advan-
tage as bursting charge for shells.
Used rs charge for mines, the now
explosive is said to act with much
greater energy, and produce much
creator effect, than tho samo guam
tity Of powder and, as both it's
density and cost Of manufacture are
considerably less, q saving of from
40 to As per cent. will DO Effected by
employing it. It is also the least
dangerous of any explosive, as it
cannot be exploded either by blow
or by friction, but only by bringing
n fame into contact with it in O
closed vessel.
REFUSED TO JOIN FoRcEs.-Satur-
day night, about midnight, widow
woman living on Montcalm street
heard man fall on the walk in
front Of her house, and raising a
chamber window she called out to
the PROSTATE form to know if he
WAS hurt.
"Noz much-thaz 'er way T allus
oome down in 'er winter sezun |"
replied thick voice.