The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1881-03-04

For tho Times
Ma. EDITOR s--Please allow me space in your
paper for an account Of a Musical Soiree, given
by the pupils Of Mrs. Gillian st the the resi-
dence Of Col. ]. L. Young, on tho evening Of
25th Of February.
For the past FIVE or six years our peor le have
been mainly interested in the building up of good
day schools, and the impression has been crea-
ted that music has never received the promi.
nence due 1t. in our Female Academy. II is,
therefore, with pleasure, as well rs pride, that
L write Of the fourishing condition of Mrs.
Gilliam's music GLASS and the progress of her
pupils In that ancient and almost divine art.
Mrs. Gilliam's class now numbere twenty.
three pupils, and is composed of young ladies
from oil portions ofth county. These Soirees are
given every two months, and trustees, parents
and friends, are invited to notice the improve
ment made by the pupils, and to encourage them
in their efforts. II is almost needless to say
that these entertainments are beneficial to the
pupils. os they make them ambitious and pains-
taking, while they arc thus enabled to confer
much pleasure their friends. 1t was also
quite source Of qualification to observe that
oSNot"i VI the oeSt PeTtormeTS were Irom inc
county of Union. The success of these Soirees
is q sure indication Of our progress in civiliza.
tion, aid shows that the love and cultivation of
music is becoming very general. The pro-
gramme was varied with vocal and instrumcn-
tai music OF high order, and it must be nd-
mitted that the pupils acquitted themselves most
creditably and satisfactorily. II is hoped the
young ladies will fulfil in the future the prom
ises Of the present, in their musical mental and
social requirements. and re beg them to accept
our thanks for q most delightful evening.
Union hould now be congratulated on her
educational advantages. INVITED GUEST
------ ----
THE EXCITEMENT IN New YoRK.-New York
February 25.-Thc Post, in its financial article
| to-day says: During the first hour and hall
Of business the Stock Exchange was n scene OF
wild excitement and everything connect ed there
with wns Mt the highest tension. Excited stock
brokers bid J per cent. for money for one day 4
use in addition to per cent. per annum. Pri.
| ces Of leading stocks fel! G4 per cent, rallied
4G1l per cent, again declined lG93 per cent.
and with frequent fluctuations the market was
| extremely fcverish. This state of t''iuys con
| hnued until about t1.E0 o'clock, when news
| again came that the treasury had given relief
! On inquiry ut the sub.treasury It was learned
| snut MT. SHeTuluN Hau W IuSL uOue SOmetnlDp
practicable, aud then rs yesterday there was
sudden change in the whole situation. and where
there had been anxiety TO sell there was an
eagerness to buy. The latter, however, wa,
somewhat modified by the experience Of lester
day. But on examination it is found that the
treasury has really now offered something which
is likely to bring immediate relief. and it will
| he strange If this does not turn the tide which
was running so STRONGLY toward general panic
Since the treasury began Qittle before II clock
to pay out money for uncalled FIVE and six pei
cent. bonds the market is less stringent and th
rate about six per cent. plus oneeighth. Already
in less than nn bour, the treasury paid out owe
S1,750, 900 lawful money for FIVE and six pc,
cent. bonds presented. II is reported that
well known banking house has 5000 600 o
these bonds which will be put in nt once. Al
soon rs the money for the $4,000. 600 bond
comes out return to the normal condition o
the money market is to be expected.
EXCITEMENT ~ WALL SrnEET.-Wnshington ton
February. 25.-Twenty- four National banks to
day made deposits oflcSal tenders, nggregatin
50 ,9GS 600 for -pnrnpsa- -ibai
oanSs Tor Ills purpose up 10 date amount to SlI
1859.
New York dispatch says 'Therc has bee
great excitement in Wall street, caused by tn
extreme stringency in the money market
Stocks declined from 2 to II per cent