davidaulloa/AmericanStories huggingface dataset:
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
Is a Panic Likelyg

The Pail Mall Gazette recently entered
into a discussion of the possibilities of a
panic in the United States this fall. Its
surmises, however, from the habitual
ignorance of foreign journals of our af-
fairs, are to be taken with considerable
allowance. The history of panics estab-
fishes pretty general rule that governs
them. Panics are usually followed by
from four to five years Of depre sion,
and this period by about ten years OF re-
covery. The evidence of recuperation
from the great crisis of 1878 began to be
seen in 1879, and was most marked in
the showings of the governments in.
come.
The question is, have we in the last
three years laid the foundations for an
other disaster2 1t is asserted by the
prophets of a revulsion that we have
pushed our great improvements too far
and too rapidly, that speculation in
stocks is running riot, that figures are
monstrOusly high, and that Europe is a
large creditor of ours. With reference
to the last it may be said that our debt
20 Europe consists mainly in railroad
securities. Not otherwise is Europe our
creditor. In the autumn of 1873 we
owed Europe over one billion dollars of
our national debt, but ere the close of
the depression we owed her but two
hundred millions.
We owe her so little now that the
amount would hardly afford basis for
panic. Enough railway stocks may be
sent over to depress our market. but a
panic is another thing Railroad build
ing is being carried on, but not extrava-
gantly. Speculation is lively and stocks
are high, but railway dividends are
large also. While most of cur indus
tries are active. few are depressed, no
tably iron.
On the other hand our exports are in
excess ST our imports and gold is flowing
in. Our breadstuffs compete in foreign
markets with foreign producers at a
profit to our farmers and shippers. Our
financial system is sound. 1t bore the
pressure Of the panic of 1878, and is es-
sentially the same to-day. All this indi-
Gates a condition of affairs that is not at
all in the nature of panic. A panic in
this country has heretofore come from
one or two facts: either overtrading on
a credit basis or from a rotten financial
system. The panic of 1887 was largely
attributable to our State-bsnk system,
which was entirely broken in C. edit and
could not sustain a run much less q
panic. The panic of 1857 was largely
the outgrowth of the credit
system. Commercial confidence be-
came strained, and the panic came. The
panic of 1878 embodied wide range of
causes. The war had destroyed nine
thousand millions Of property. We
were not able to lose so much without
feeling the loss. But the effect was put
of, in one way OF other, till in 1873
Europe refused to trust us farther, and
the panic came. But it led to liquida-
ton, and we came out of the panic
stronger than we ever were financially.
Our debts abroad were largely paid, and
our home condition was materially i'm
proved. All this had occurred, and the
result has not since been dissipsted.
We, therefore, have not the conditions
of panic, and need have no fear in that
direction.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

Hunting for the Bullet by Elec-
tricity.
Ne,o York Herald, 18th

4hCtO YIN LII OeNJ AfHe'
Tomorrow Bell, the telephone man,
will arrive from Boston, where he has
been experimenting for several days with
an electric apparatus designed to do the
work that surgeons probe cannot safe
ly effect. These experiments are to be
made with the induction balance, most
delicate electrical instrument for detect
ing the presence of metals, modified
form of which could be easily applied,
it is believed, in this case with a reasona-
bic expectation of success. This instru-
mentconsists of two short glass cylinders,
around each of which are wound two
parallel coils of fine insulated copper
wire One coil of each pair is included in
battery circuit, in which there is a clock
micropbone The other pair is placed in
a closed circuit with receiving tele-
phone The two glass cylinders with
their encircltng coils may be widely sepa-
rated. The induction set up in the sec
ondary or telephone circuit is balanced
by the reversal of one of the secondary
coils, and so adjusted that the induction
in one of the secondary coils exactly bal
ances or neutralizes the induction in
the other, so that when the ear is applied
to the receiving telephone no sound is
heard. Now by placing ever so small a
piece of metal in one of the glass cylin-
ders the electrical balance is disturbed
and the clock on the microphone is
heard to tick loudly, thus indicating
the presence of metal. The same is
true if the coil be placed in the vicinity
of piece of metal. In the investiga-
tions of this matter by George NJ Hop.
kins he came to the conclusions which
he explains as follows with suggestions
as to the results that may be obtained i:
at occurred to me to try the effect of a
lead bullet upon the instrument, placing
it at different distances and separating it
from the coil by insulating material. The
result exceeded my anticipations. as with
set of coils that were by no means sen
sitive l was able to locate the bullet with
the coils raised a vertical distance of
nearly two inches. With more sensitive
apparatus it is more than probable that
the bullet might be located. even though
distant several inches" BY passing a
pair of coils over the Presidents back
and abdomen, and by comparative tests,
the depth of the bullet might be ascer-
tanned. Professor Newcombe says the
experiments so far made go to demon.
strate the truth of Mr.. Hopkins conclu-
sions. When Mr.. Bell arrives, as he
will, probably, to morrow, they hope to
be able to locate the bullet, so that the
doctors can go to work with certainty of
success.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

SOUTHERN MUSICAL JoURNAL.-We
have been favored with the July number
of this elegantly printed and now so
well known and deservedly popular
monthly, issued by Messrs. Ludden &
Bates, Of this city. Besides a general re-
view of literature and the arts, and IFS
usual quantity of choice music, the num-
Der before US is enriched with the por-
trait and biographical sketch Of the life
of Rev. VIM. Hauser, NJ D.. the
mention Of whose name will be sufficient
to commend this number to hundreds
who knew and admired his simple. but
earnest, strong, pure character. The
likeness IS a good one, while the sketch
is true to life and admirably written
Messrs. Ludden & Bates deserve much
credit for their taste and energy in pre-
senting to the public so excellent a work
for the small subscription price Of 81 IS
per annum.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
Our Postal Service.

General Hazen, Third Assistant Post
master General, has prepared compare
tive statement showing the increase in
the issue of postage stamps, stamped en-
velopes, newspaper wrappers and postal
cards. including the issues for official
use for the fiscal year ended June 80,
1881, over those Of the preceding year.
The number of ordinary postage stamps
issued IN 1880 was $50. 6S1 $40, value
S22, Ala, 92S In 1881 the number was
954, 1913, 440 and value $24, 04O. CAB, the
increase in number being IS. 446, 470, in
value 1895, 715. The per cent. of in
crease is SO in number and 70 in
value The total number of postage
stamps. newspaper and periodical
stamps, stamped envelopes, newspaper
wrappers, postage due stamps and postal
cards issued for sale to the public for the
year ended June 3Oth, 1880, Was l, $685..
424, O52, value $31. 932, 51S 90 and for
the year ended June 30th, 1881, 1, 499,-
773, sos. value $34, 4s3, 519 90. The in
crease in number is 1876, $40, 456, value
2,551, 600 IL; increase per cent in num-
Der 10, in value 10. The total of all
issues, including official stamps, official
stamped envelopes and wrappers, was in
1880 !, 1867. 1897, O47, value $50, Os7, 342 46;
in 1881 1 ,5O4, 81, 552, value $34, 625. 451
81. The increase in newspaper and pc
riodical stamps and newspaper wrap
pers over last year is 1877 per cent. in
number and lie and 1919 per cent, re-
spectively in value, which is the largest
per cent. of increase, with the exception
of postal cards, which is 10 2 per cent
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
New Orleans and the Southern Pa
aifiP

The New Orleans Democrat
grows quite enthusiastic over the future
of that port in connection with the
Southern Pacific. within twelve
months, we are told, New Orleans
will have realized her brightest CONNER
cial dream, and have become the south
eastern terminus of 400 miles of trans
continental railway. Just what the
road will do for New Orleans, especially
when the system of feeders from Mexico
and the Northwest shall have been com
pleted, it is almost bewildering TO con.
template The simple circumstance
that it will furnish the shortest, cheapest
and most direct communication between
Asia and Western Europe;
that it will form the principal
channel through which the grain and
cattle trade of America will be con-
Quoted; that it must become the vehicle
of commerce between Mexico and the
outside world-this of itself is enough to
disclose for it a future brilliant beyond
description. There must be fleets await
ing here the coming of trains from Cali.
fornia, Mexico and the great Northwest;
fleets to bear away across the sea the
grain, the cattle, the gold, the silver, the
innumerable stores of which New Or.
leans will then become the depot. 1t is
not to be presumed that the Southern
Pacific Company will leave to others the
labor and the profit. They have the
means TO finish and round off their
work"
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

The Attorney General has decided that
a silver dollar is dollar. The question
came up relative TO the redemption of
national bank notes The United States
Treasurer desired a construction of the
law which requires him, in terms, to
redeem national bank notes in legal
tender notes. He wished an opinion
from the Attorney General, under which
he might act, as he did not feel author
lied to construe the law to mean that he
could redeem national bank notes in
silver dollars, although they have been
made legal tender for all purposes.
The Attorney General replies that
the laws have made the silver
dollar legal tender for all
purposes, and that they are a dollar
for all purposes, and that the silver dol
lar law repeats the specific language of
the redemption law, which requires ma
tionsl bank notes to be redeemed in legal
tender, to the extent that the silver dol
lar act placed silver dollars on an equali-
ty with any legal tender money, and that
it was TO be presumed that national bank
notes could not be redeemed in gold. 1t
has not, however, been the custom to
redeem them in gold, on account of the
technical language of the law, but, by
the decision of the Attorney General,
gold and silver aud United States notes
are put upon an equality. The redemp-
ton checks Of the Treasurer, which
hitherto have read, "Redeemable or
payable in United States notes." now
read, Payable in so many dollars"
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
The Atlanta Exposition.

The st. Louis Republican, after noting
the widespread interest excited by the
projected display at Atlanta, has this to
say of its character and prospects:
cat first it was designed only as a
grand cotton show, intended to stimu-
late the growth of the great Southern
staple and advance the interests of Plan
tiers by a wide interchange OF views
and experiences. 1t was expected that
all the leading factors and the numerous
cotton exchanges would patronize the
fair. The movement has now swept
past all this and has taken on not
only national, but international fea
lures. 1t is not to be simply a
cotton show, but grand exposition OF
the products of the soil and of every in
dustry, not alone of the South, but OF
the Union. The preparations are on the
most ample scale. Acres and acres OF
buildings are being erected, railroad
tracks constructed to bring into place the
machinery and products to be exhibited,
vast engines for the purpose of putting
the mechanical display in motion, and
all the contrivances of utility and display
which are required at great modern ex-
positions, are finding their way on the
ground. Toward the perfection of the
enterprise every quarter of the
country is contributing means St.
Louis has given round sum
without many of her citizens fully ap-
pretending the scope and extensive
purpose of the movement as it has finally
taken shape. The attention of business
men is therefore directed to the subject,
and especially manufacturers, who will
note that it is time they move in the mat
ter of securing space in the halls for their
products. The Exposition will continue
for three months. All the railroads in
the country will be concerned in the sue
cess of the enterprise. Some Western
roads will erect buildings of their own,
as different States did at Philadelphia.
and will display the varied products of
the regions they run through.
cit is now expected that this Exposi
ton will surpass anything in the extent
of display, in the outlay for buildings,
and IN the scope of its management, yet
attempted in the United States except
that at Philadelphia. 1t is hoped it may
result in great advantage to the whole
country, as it can hardly fail of doing to
the States of the Mississippi valley,
whose interchange of commodities is but
in its very budding"
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

ct now transpires, says the St.
Louis republican, chat Guiteau. the
would-be assassin, was, about twelve
years ago, a member of the Bible class
of Plymouth Church, and his photo
graph was hanging on the wall with
those of his former classmates. The
teacher Of the class says Guiteau once
borrowed seven dollars from him by
telling him lie. When it was learned
that he had shot the President the PIC
ture was at once removed from the
group. Mr.. Beecher, in his sermons on
the assassination the last two Sundays,
didn't say anything about this. Per
haps he didn't know it; and perhaps he
thinks Plymouth Church has enough to
answer for, without letting it be known
that the greatest criminal of the century
imbibed a portion of his religious teach
Ings at that shrine.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

GEORGIA STATE HoRTICULTURAL So
cETY.-This body will hold its sixth
annual convention and exhibition of
fruits. vegetables and flowers in Atlanta
on the 4th and 9TH of August next
Fruit growers. progressive farmers and
all who are interested in the pursuit Of
horticulture are cordially invited to at
tend, and earnestly solicited to contribute
fruits. vegetables, flowers, etc, to the
exhibition. The Southern Express
Company has generously agreed to
carry free Of charge all articles intended
for exhibition, and such articles may be
sent by express up 10 Wednesday.
August Sd, inclusive, addressed to DIR.
Samuel Hape, for Horticultural Society,
Atlanta The name of the sender must
be plainly marked on the package, and
a list Of the varieties sent by mail to Dr..
Hape. The annual fees for member
ship-two dollars-may be remitted to
the Secretary and Treasurer, Dir. I. L.
Kinsey. at Savannah, or at Atlanta
duri g the session.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

J. W. Cochran, cOiored, the new
Chairman of the Virginia Republican
State Central Committee, has evidently
very little respect for the proposed
Malone Republican repudisting cOali-
ton. Cochran has issued circular
calling renewed attention to a resolution
of the committee passed February s OPP
posing entangIing alliances with other
political parties. and saying: IF you
allow those who belong to some other
political organization to control the
management Of your party affairs it will
result in the absolute destruction of the
Republican party of Virginia"
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

At the present time there are more ne
grOes at school at the South than there
ever were before. The census says there
are twice as many, and that the acreage
of land owned by colOred people is four
times as great as ten years ago.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

"The increasing number of hOmicides
in the country. and the frequent acct
dents from firearms, call for the
strongest measures against the carrying
Of concealed weapons" the Washington
Star thinks, "as all the murders, and
nearly all the casualties. proceed as
direct result from this practice. "
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

A reduction in the expense of the star
route service of $1,2O0,OO0 makes it
probable that during the next fiscal year
the Post Office Department will be self
supporting. If this result shall be reach
ed, the value of a business administra-
ton will be illustrated. Then will fol
low more liberal arrangements for the
benefit of the public. and not of specu-
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

A number Of hid eOUs crimes have
been reported from Switzerland Of late,
and they have furnished capital for
those who opposed in vain the repeal of
the capital punishment law. Ia the
Canton Berne, man and his wife re-
Gently murdered all their children, seven
III number, and at the trial stated that
they committed this devilish work ito
save themselves the trouble of bringing
up the children" The murderers have
been sentenced to hard labor for life in
a penitentiary.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

Mr.. Justice Clifford, who lies at the
point of death IN his Maine home, is the
sole living appointee of a Democratic
President on the Supreme bench. Judge
Field is Democrat, but he was appoint
ed by Mr.. Lincoln, and when the vener-
able Clifford passes away the bench will
stand eight Republicans and one Demo
crat. 1t is even worse of sectionally.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
Among the curiosities of statistics

Among the curiosities of statistics is
to be found a compilation in the British
Medical Journal that peoples heads
have diminished in size during the last
thirty years. and that hatters have re-
duced the average hat two sizes during
that time. This the New York CONNER
eial denies, on the authority of various
hatters interviewed. 1t has been found
that American heads have not diminish
ed IN size, nor have the hats diminished
in price. The phenomenon is as yet
confined to England.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

The New York Tribune tells q good
story at the expense of Henry Waiter
son, editor of the Louisville Courier
Journal WattersOn and the late Samuel
Bowles, Of the Springfield Republican,
were dining together, when the
following conversation took place:
''Sam," said WatteTsOn, how
can we ever kill this infamous Republi-
can party 81 Il don't know, Henry,
any better way" said BOwles, than for
Won to ioin il"
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
.GtnaneiaI.
GUARANTEES AGAINST Loss.

IMMENSE PROFITS. Small or large suns
| Invested in stocks and guaranteed AGAINST
loss New York Guarantee Inv ;u Np
Rs- aIt =, tha .-orld Dividends since January
have averaged per cent. per month, or equal
10 go per cent. per year. Explanatory Circulars
and BY Laws Of the ComPanny aie Gn ir Rsn II
erT Is william St., New York. je2l-Tu, Th6slm
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

On the monetary question the Balti-
more Sun says it is manitestly not an
affair to be settled in the present condl-
ton of the worlds financial methoos'
and it would appear that these latter
must be considerably amended before
the Question can be disposed of.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

The imperial decree that all execu-
lions in Russia shall hereafter be private,
Is not one calculated to smooth the path
way of the new Gar. When executions
are not to take place in prisons the con-
demned are to be transported to the
place of execution IN a close carriage,
and at the most, only ten persons will be
allowed to witness the execution, in
Guiding the counsel for the condemned.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
Notice to the Public.

The public are herc5y cautioned
against sending any Money or Orders
to NUNES Il CO., So Ma sau ST., New
York City. They are flooding tie com.
try Nth Bogus Circulars purpOrtjng to
be of The Louisiana State Lottery Com.
pany and are fraudulentlV representing
themselves as agents Of The louisiana
State Lottery Company. They hdoe no
authority to sell the Tickets Of this Com.
pany, and are not ats agents
NJ A. DA UPHIN.
Pres. Louisiana State Lottery Co.
NEW ORLEANS, La July 4, 1881.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

The Springfield Republican says of the
proposal to raise fund of $3.50. 900 for
Mrs. Garfield that it clocks like bit of
gush, whose propriety will be question
toned on a sober second thought. If the
President should die and leave his family
in Strengthened circumstances some such
public provision might be in order; but
if James 4. Garfield survives ne is as well
able to care for his family as any other
independent American citizen.
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
JULY DRAWING.

l,60U ffZe3 IlS, 4tV
Whole tickets, 81; Half Tickets, 81 "a Tickets,
$50; IS Tickets, 500.
Remit Money or Bank Draft in Letter, OF
send by Express. DON'T SEND BY REGIS
TERED LETTER OR POST OFFICE ORDER.
Orders of S. and upward, by Express, can be
sent at our expense. Address all order to r. NJ.
BOARDMAN, Courier Journal Building, LOUIS
vile, KY, or T. ]. COMMERFORD, 309 Broad.
way, New York.
JNO. B. FERNANDEZ, Agent
Cor. Bull and Broughton sts., Savannah, Ga
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16

The Mikado of Japan is to have new
palace at Yeddo which will cost s.. Co.,
600. Nike has evidently had some
American contractors figuring on the
iOb
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
Etrer 8egnIatpr.
Malarial Poison

THE principal cause OF nearly all sickness at
Il this time of the year has its origin in a
disordered Liver which, If not regulated in
will ensue. A gentleman, writing from South
America. says: II have used your Simmons
Liver Regulator with good effect, both as a
prevention and cure for Malarial Fevers on
the Isthmus OF Panama"
If you feel drowsy, debilitated, have fire.
quent headache. mouth tastes badly, poor APP
petite and tongue coated, you are suffering
from torpid liver or ''biiousness +" and nothing
will cure you so speedily and permanently as
to take
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16
fountain 2nmp.
WHlTMAN'S FOUNTAIN PUMP.
Rhode Island Medical
AND
ELECTRICAL HEALTHINSTITUTE

ALL CURABLE diseases of both sexes sue
n cessfullY treated by an entlreiy new pew sy -
DANGEROUS medicines. CANCERS, CoNSuMf'
T10S Iexcent in its last stagesl ASTHMA,
Diabetes. Bright's Disease PARALfslSs ddS
DDH 1S S,S11'i PILES. Female and Nervous
DISEASES a Specially. GOOD BOARD AND
p o1sS11S ROOMS FOR PATIENTS from a
distance, on reasonable terms, II oes ise :.
1 -. ~ the Great Healing Vital OIL
~ instly celebrated for its Remarkably Cures.
Sold wholesale and retail by DR.. PORTER,
sSso he Drnposts in this vicinity. at SOC and
a. sar hottie: trial bottles 25c. Full descrip-
i've hook and circulars, containing references
and home testimonials, SENT FREE on applica-
ton. address j. II. PORTER, H. d., Provi-
dence. r. Il. cor Atlantic and Melrose streets
This notice win be foand in this paper every
Saturday. 1e25-S4t
Savannah morning news. [volume] (Savannah) 1868-1887, 1881-07-16


1857 Prizes. amounting to. Sic. 400
Responsible corresponding agents wanted at
all points, to whom liberal compensation viii
be paid.
For further information, write clearly, giving
full address. Send orders by express or regis
tered letter, or money order, by mail, ad-
dressed only TO
NJ. A. DAUPHIN,
New Orleans, La, or NJ. A. DAUPHIN, No.
2l2 Broadway, New York, or
JNC, Il. FERNANDEZ,
Savannah. Ga
All our Grand Extraordinary Drawings are
under the supervision and management Of
GENERALS G.. 7. BEAUREGARD and JUBAL
A. EARLY.