Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1879-02-06
EDITORIAL INKLINGS.

Dealing in Futures.
- The Kentucky Court of Appeals has
recently rendered decision upon case Of
Cultures" the points of which may be summed
up as follows: 49,. ..!
Specializing in futures, where no actual de,
livery of the article bought or sold is made,
but only the difference in money between the
value at the time of purchase and at the time
fixed for delivery is to be paid, is gambling
and illegal. But the intent to pay only the
difference in value, and not to deliver the
goods, must be clearly proven, not inferred
from custom. Even proof that the difference
was actually paid in money in this way will
not suffice, unless it be also proved that it was
the intent at the time of the contract, that the
settlement should be made in this way. The
Court admits the wrongfulness Of this prac-
tice, and that as practiced it is gambling, but
it will not take as proof of gambling in this
case the we'll known custom that prevails, or
evidences that would establish other species
of gambling.
Manufactures in the South.
- The advantages of Southern mills
bringing them to the cotton-have been 80
clearly demonstrated by practical test, that
argument on that score is unnecessary. But
it seems that the scheme has its drawbacks
with the capitalists Of the North, not the least
of which is the reputation talk agitated in
some of the Southern States. The practiced
observer and we'll known correspondent, Ed.
ward King, in recent letter to the Boston
Journal, relates how northern gentleman
who had been making trip throug gh Georgia
and South Carolina, came back strongly i'm
pressed with the prospects of those sections
for the development Of manufactures. he
had been in Augusta and Graniteville, Co.
lumbus and other places where the manufac.
ture of cotton goods is carried on with great
success. He had seen a Scotchman who was
settled in Georgia, and who told him that he
is making fine ginghams as fast as the ma
chinery will turn them out. Every yard Of
these ginghams is sold in the Southern States
Just as fast as it is put into the market. The
Scotchman said that he began by bringing
labor from Scotland, but that it proved worth
less, for reasons which he did not state, and
that as soon as the native population was in.
duced to labor, it furnished all the operatives
required at the most reasonable rates. He
was always besieged by girls anxious for work
and the places of Substitutes" even were bat.
tied for. The Northern man was so much
impressed by various advantages that South
ern cotton mills must always have over North
ern ones, that he has eecome convinced that
the South will in the future be our great man.
ufacturing section. MI. King adds:
"There are hundred economies unknown
to our New England mills which are daily
practiced in the establishments at Augusta
and Greenville. Cotton which is brought on
ly g. few miles does not have to be pressed 80
that its masses in the bales are almost as hard
as iron, and so that it is massacred when il
comes to the picker All the water wheels
&C., which in the North are protected and
tected in the South. There are so many supe
riorities in the Southern location that every
visitor in this region admits them. Then the
Southerner says:
"'Well sir, why don't you come down here
and start manufacturing on a large scale?"
"And the Northerner answers:
"Because you have no settled government
Because you do not hang people relentlessly
when they commit murder. Because your
public debt may possibly be repudiated. Be
cause l could not be sure that my property
would be worth anything for any length Of
time. Because
"And there in nine cases out of ten the
matter rests"
The Black Death in Russia.
- Great alarm prevails in Eastern Eu
rope over the rapid spread up the Volga river
in Southeastern Russia of an extremely y fatal
disease believed to be the plague. 1t is
thought to have been brought to Russia by
two regiments of Cossacks, returning from the
war in Turkey. The disease was regarded al
first as variety of typhus fever, and neg
lected, but its terrible mortality soon com
PEELED the authorities to take steps for its re-
striction. A rigid quarantine was enforced
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