The New York Herald Newspaper, October 30, 1867, Page 5

THE SOUTH. Reports of the Special Correspond- euts of the Herald. WHITE LABOR FOR VIRGINIA. Effect of the Virginia a a in North Carolina. GLOOMY PROSPECT iN MISSISSIPPI, VIRGINIA. SPECIAL CORRESPONDENCE OF THE HERALD, Whites—Bitter Feeltu; of the Races-Election Heturne—The State Afri- sontneds Ricnxoxp, Va., Oct, 26, 1867. ‘The indignation at the niggerizing process that was Tesorted to at the elections increases eactday. The whites, who had thirteen thousand and upwards regis- fered majority, feel keenly the degradation of their boasted State; and all through their own apathy and megiect—the passive do nothing policy #0 strenuously Gnd effectively advocated by the press here. The very papers here that were mainly the cause of defeat have Falsed a how! that is ridiculous beyond measure, Gone- al Schofield comes in for a lideral share of censure, and ta now likely to become the most aupopular of military commanders. The feeling, which before was friendly towards tho Begro, is now one of bitter animosity, tempered with a Uttle pity. The, whites have become desperate upon the result of the elections; strong measures, rigidly enforced, are to be adopted; war to the knife is resolved upon; or than their sor- ite substitute ob- tained, A movoment {s now on foot here, not among Old fogies, but the energetic business mon of this city, to bring bere at any expense white labor, which will be dmmediately employed, or, if not, provided for until it is. This is tobe done png Until no negroes are em- ployed by whites. Thecry is, if devotion to leagues, @ecret oath-bound associations and vagabonds are the Interest of negroes, let them commence by feeding and elothing them, Already large numbers are discharged from work, employers preferring to cease operations rather than pay men whom they consider are laboring sealously to ruin their most vital interests, Chaos is beginning. These two races cannot exist on terms of equality in the same country. It is foolish to ‘Delieve it for an inatant. Extermination of the one or the other is the inevitable result of the hatred inaugu- Fated by the recent elections here. Nobody ever wit- messed such intense feeling, so successfully depressed, but so ardent in what it 1s sure to accomplish. The dis- ebarged negroes flock to Hunnicutt. He tells them to oid on, Congress will settle them when it meets, and be will lay tho whole watter before them. Thus the Geluded followers of this vile, unprincipled man are still further deluded and beguiled by him, with hopes @f confiscation and white proscription. H are the @omplications of the present, aud how are matters going to be settled is the terrible question that mow agitates the thinking and truly otic minds of eur country, ‘The labor system, disorganized since the close of the War, is now ‘ectly demoralized; the fairest portion. of the earth lies waste; the country groans with debt; and here arises every day a state affaire bordering on ‘marchy, chaos and bankruptcy, that uniess it is ar- rested will envelop the country in bloodshed, gloom and sadness, i The returns received here to the present show an in- @reased radical majority—so great that the African by hie vote can dictate eeeribiog pening to local or State ‘matters, and will, per! when all the elections aro Shia Bia, ag far ag neafa’ from, there is 28,659 majorsy , ae as beara foraconvention. In sixty-four counties ‘sixty re @ighteen of whom are are elected, and thirty @onservatives only grace this mongrel exhibit. Great Resources of Southwestern Virginian ad Other Euro- ivated=The Salt Mines—Lead Mines—Iron Resources—tiyp. eum and Marble—Coal, &c. Wrraevniz, Va., Oct. 20, 1367, ‘This js the centre of one of the wealthiest portions of Virginia, situated contiguous to East Tennessee and Northwestern North Carolina, Surrounded by all the various sources of wealth to which all countries owe their greatness, it is at once the field for the capitalist and the future prosperous home for the enterprising and tmdustrious immigrant, Already the recent elections are having their effect here in this way. The people have become fully aroused to the importance of immi. gration, assured that they can no longer rely upon the element that formerly constituted the labor of the South. These unfortunate and deluded people now await with impatience the proscription of the whites, ‘the confiscation of their lands and its subdivision among them as the price of their radical votes, They are fully ware that they voted against the inclination and inter- ests of their employers, and in doing so nothing but the expectation, founded upom the repeated promises of Northera white adventurers and Southern apostates of eompensation’in small farms, mules and s supply of fands to cultivate, actuated them. ‘The whites are apprised of the exact state of affairs, and have determined to employ no negro who voted against them longer than his place can be substituted by and numbers are now dispens- who are now only craving their luving in an: of their extermination, But a few days since proprietors of the iron mines mear here discharged one hundred and fifty negroes Fon po A eto the radical ticket, the sacri- to suspend operations. These cir- @umsiances combined have awakened the people here of procuring European immigrants, and the measures about to be inaugurated wil! no doubt secure that desirable result. The pian determined upon as to distract the usual stream of emigrants tothe West snd them to South, but local agents aro to be despatched forth- direct to Germany, liberaliy supplied with funds, to Procure in the minor States now being annexed to Prussia @ substantial supply of industrious and thrifty laborers, ‘This cisss of Germans sre well understood here as being intelligent and well informed, many them able to purchase lands when they arrive; and numbers can be foond who will sell out their present homesteads and if the proper inducements are heid ont to Another advabtage to tho Germans coming here, ‘over the West, would be the civilized condition of the Firnineas's hospitable disposition for whieh the are so famed, the friendly welcome that ‘would be extended them and the helping hand in the com- Ein corwond inte santas partes ei ivan! a Ty e ul coon eee in! to believe thee ‘the farm: their present modes Ee which to the them succeed in ‘States immigrants, and each wil! ‘tion of particular products; thus th: bacco plan the fag of the sturdy Germans general! Jers thomeel boring newcomers whieh the West bas become her vast resources have been ‘will be solved in Virginia; the State 5 spun nearese from thi ives in ereking ont benedctal ec, to te moat effect, in the development of all the in- dustrial, agricultural Virginia is 90 famous, emple Hlnstration, of all others th! weianeaes Sse bi oa io th most profusion jure bas spread in the ut pro! all tne elements of wealth, which require but capital aod reliable labor to make this se: compare favor- ably with any other in the Union. The climate is tem- perate and salubrious, rich in all matural productions, and hasa for grain growing equal .to that of Tiinois, or any ea, Satie cee ions of the Union. Machinery is required for the devel ent of the mineral resources with which nature has #0 ly supplied it, but the old alave régime, have ever been Dow lie awaiting aod the energy to rasp and revel in their untold wealth. In the "adjoining counties of eon Smythe and Wash- saline mines NEW YORK HERALD, WEDNESDAY, OCTOBER 30,,1867.—-TRIPLE SHEET. source, and the mines in this county and Smythe ars rich in the ores of this metal. Besides the sulphuret a), which ie the common one, and the oxide lead (mivium), the carbonate, white lead ore in large quantities—the latter yielding about seventy- five per cent. Considerable quantities of arsenic are also found im con- nection with these ores, which is valuable in th id a their products shoul worid with the lead of Wisconsin and Missouri, Here, xhaustidie profusion are found the richest ores metal of far more intrinsic value than gold, needing only the union of iabor and capital to make it as prolife a source of wealth to this region as the cele- brated mines of Elbato France, or Delecarlia to Sweden. Tbe iron mountains (to say nothing of the numerous other localities) which extend through the counties of Wythe, Smythe and Washing'on, in Virginia, and Jobn- son and Carter, in Tennessee, contain ere enough to supply the mation for a century togome, This are is of the richest quality and precisely the same (the mag- netic oxide) as that from which the best iron of Norway and Sweden is obtained, Contiguous to the sait works in Smythe and Washing- ton, and at numerous other places, between Clinch and Walker mountains, are gypsum deposits of the first ality, It may b@ meutionod in this connection that ‘vast quarries of metamorphic limestone are found between Clinch and Holston ip seuy| in the counties of Hawkins and Graoger, in and Scott county, Va. This marble receivos a and 1s considered scarcely imferior to the go! , marbie of Egypt. In the county of Wise, immediately ‘upon the line of the proposed Virginia and Kentucky railroad, are inexhaustibie beds of anthracite coal, being 8 portion of the great strata which extend through the States of Kentucky and Ohio, and it needs, by the com- pletion of this line of railroad, to make Wise one of the Tichest counties in the State, Less thau ten years, with an influx of capital and a thrviog and industrious European bopalay jon, will see this section of Virginia one of the wealthiest and moss prosperous op the American Continent, NORTH CAROLINA. GPECIAL CORRESPONDENCE OF THE HERALD. Effect of the Defe iu Virginia—Uniovism Among the “Tar Heels %—Idens About President Jackson—Traditionary Lessons— Tne Conservatives in Earnest=A Conven- tion Their Policy—General Canby’s Elec- tion and Apportionment Order. Rauzias, N, C., Oct. 26, 1867, The defeat of the conservatives im Virginia has had its due effect here. The opposition parties are affected by it according to their peculiar political proclivities, The conservatives are despondent at the prospect of negro supremacy in the Old Dominion, which by concert of action and proper enerzy they could have so easily averted; whilo the leaders of the black and tan party are correspondingly elated and rejoice at the triumph of Hunnicutt in Virginia. The effect of these elections, which were looked forward to with so much interest here, ig already noticeable in a marked degree, The conservatives have been warned, and they intend to profit by that warning. They see the greatest State in the South Africanized, and have resolved to avert such alamentable calamity here if human energy and in- domitable zeal can do it, ‘The North State bas always been peculiar in its poll- tics when contrasted with most of tbe other Southern States. Though secession triumphed in carrying it out of the Union in 1861, still it never divested itself of that intense love for the Union for which it has always been 80 justly celebrated, ‘ alhoun or bis doctrines bee. in North Carolina, It was perhaps tates the most gy eA devoted to the national [lg ater any of the Northerm States not excepted; ut lered upon south by the hotbed of secession and by the chivalry of Virginia on the north, influences and chicanery were brought to bear that hustled her out with the erring ten. President Jackson is, of all ‘the great men of the country, the favorite among the people here; some there are who still vote for him for the Presidency, and can scarcely ve persuaded the im- mortal democrat is no more, wel in the pine forests, through the tobacco regions or among the pictnresque gorges and recesses of the Blue Ridge, and the worship- pers of Jackson can still be found. Immortal he is in the minds of the simple people who inhabit the regions of this venerated and antiquated State, and immortal - would have him as the captaia to preserve the tional authority in this great country, Ueroniem was the religion of North Carsitna, and eves when the bonds between it and the federal and terror, it was ined and worshipped fW the handsome resi- dence, the rural cottage and the backwoods cabin. ‘Thus in this State during the war men there were who forsook their hi Privations of outlaws, without shelter, until long after peace leclared, when it wasa dificult matter to in- duce them to return to their long deserted homes for eS ee or that eome shrewd trick had been played them. This is an ample illustration of the love for the Union here if that is all that is desired by to admit ingly forfel by the honest, and I ht, from my experience among them say, RAY perhne pebeie of the ta Noe ‘State, But this is mot ail, and the conditions of admittance are by the good citizens in be a party to the degradation of their own race or the Africanization of the whole believe in their old traditions, and how. ir ideas may be about Jackson they are confident he was not a negro, but a white man, ruling a white man’s country, which they amert here the United States still ig, sotwithmanding the to Africanize it, Every effort will be Ne forth, and, unitke Virginia, not too late to accomplish the desired object. The whites haves large majority, ich must used for their own benefit and not fortheir injury. Speakers are already on the stamp, and the North State will resound from the Blue tothe Atlantic with the jowful in- tellicence from Ohio, and thunder with the ominous warning from Virginia. The policy bag Lagoon is somewhat different from that of Virginia, ile they will not permit of the Afni- canizing process, still they are not averse to a conven- tion, but they must control it—tbe whites—and the con- stitution that will be adopted will not degrade tne white and elevate the negro, but will secare to cach ‘full enjoyment of all his civil and political. rights in the future, It will be thoroughly in conformity with the reconstructiun acts of Congress, except that the whites witl frame it, and they wili continue to be in the futore, an tl bave been in the past, the supreme race in the North oe This they capnot give up, and no or hy earth enforce African supremacy on the General Canby has issued his order to hold elections in this State, which 18 somewhat similar to thoee of ti other District Commanders in the States where elections have been held, and of whigh the following are, briefly, eating foatures:—The election shall be held on the 19th of November next, at which all the registered voters may vote for and against « convention and for delegates to that convention in case a majority of t! bows cast pot ina pngrec bee vt holding a c vention, ® majority a yatered voters have then voted. Provisions are thea "made for a re- vision of the registration lists, to last five days, four- teen Ce notice being given of the opening of these liste, @ boards of registration are anthorized to con- duct the elections, at such places as may hereafter be designated. The officers, judges and clerks employed im conducting these elections shall be dul faithful performance of their dati oath prescribed for officers of the United States. The polls shal! be at eight o'clock A. M. and closed at four o'clock P, M., and shall be kept open without intermission or adjournment during these hours No member of # board of registration, who is a candidate, shall serve as an officer of election. Sheriffs and all atthe p His, and to make. Seek werteoe Leda shall ¢ polls, cl ments as sli = rR with the 1 ony poy commander. @ following paragrap: is order is particulari, worthy of atteation :— 1 Rosy or threats of violence, or of discharge from em- or other ive means to pret it son ne ‘or exercising his right of voting are post: tively onibited, and any such attempts will be reported by the registrars or ju of electis ‘com: eworn to ® and shail take ihe ‘weat section fort: ene cecation, on pr ne 6 ; but Genoral antes srder apportions to ‘be counties sixty-seven del: while to the y eight counties it gives but Mfty-chi ‘This causes @iseatisfaction, more particularly ae majort- exist where some of the excossive 08 gs AD MISSISSIPPI. SPECIAL CORRESPONDENCE OF THE HERALD, Condition of the State—A Terrible Rule Inevitable=A Pien for Mitaor ‘eoEmigration From the State, Canton, Misa, Oct, 24, 1967. ‘The appearance of your welcome sheet is always hailed with delight by the peeple in this portion of the satrapy of General Ord who are fortunate enough to got hold of it, and perticutarly since they believe it to con- tain the true sentiments of the mass of the Northern people concerning the disposition of the South in the future, Had the people believed that the conquering North would impose negro suffrage upon them, the Constitutional amendment would long since have been adopted; but sane men in this land of the sun could not andersiand how their brethren up North of cooler and more thoughtful temperament would be willing to fee intelligence and virtue succumb to ignorance and vice, They knew how utterly Powerless they were for resistance when the last Of they foresa guopumbed to the armed forces of Grant, Sherman and Canby, and they saw that their only hope for salvation lay in the prompt reunion of the two sections in heart as well as government, If the South were admitted inte the Union now she would be ag thoroughly loyal as in 1861, when sho was the opposite of this, for the reason that her whole fighting population, who saw the terrors of war and who have the most: unlimited confidence of the mass of our people, are satisiied that the best thing that it is possible can be done to develop the prosperity of the Bouth is to have the benefits and biessings arising from the old federal Union handed down to us by our fathers, So far as the negroes are concerned, the white men ofthe South cannot and will not have any enmity to them, but they havo the same antipathy to being governed by them that the loyal masses of the Bot because negroes aro biack and have nds! but because of their ignorance, onderance in numbers, uid improve in education suf- ciently—and by education } do not mean a mere Knowledge of books, but a habit of self-reliance and an insight to the same extent aa that possessed by the mass of our white Dpuaiice ipto the evila and benefits arising from the proper or maladministration of government affairs—no Southern man would then io- sist upon withholding the ballot from him; but we do ask our brothers of the North, for the sake of our com- mon country, not to force this thing of universal suffrage upon us. Perhaps the Northern man may say that wo are rebels down here and don’t deserve anything better. ‘Yet still we fought for tnat we were taught was the right; we bied, and many of our brethren died; wo were bonest in our views; we have been overcome; wo must and havo given up slavery; necessity will ere iong cause us to assimilate in manners and customs to the peopie of the North. Our sons must go to the . plough and our daughters to the washtub, for we can’t afford to hire freedmen any lonzer. Ourlands woula bo cut up and sold cheap in forty-acre tracks if we had any purchasers, All these things and many more bave our Northern friends brought upon us, tiently will we endeavor to reap as we have sown; but we entreat them to do away with reconstruction under the military bills and give us something a tittle milder. As to the condl- tion of affairs in the counties hereabouts, it is, God knows, bad enough, What with the failure of the cotton and corn crops for the last two years, tho fear that every man has that his liberty, »pro- perty (if he has any left from tho ravages of war)! and his very life, perchance, are at the mercy of any little agent of the Freedmen's Bureau who may have cause to dislike him, and the uncertsin- tainties of our position with reference to the other citizens of the Union, the near and certain prospect of having negro county and State officers, who, as @ class, will be proscriptive, we are in a terrible condition as to mental serenity. To show how the thing works I will relate a little in- cident that lately occurred, for the truth of which I am fully responsible, About two months since a gentleman by the name of Lambreth, living in the vicinity of this Dlacs, had a negro man and hs sou‘and other children of the freedman in hisemploy, Under tne terms of their contract the freedman was for the space of one aed to receive a certain stipend and perform faithful ‘bor, Instead of this latter being the case, he became idle and lazy, Lambreth, one of the mildest and best of men, remonstrated in gentle te: but bis remon- strance was met by impudence and almost violence, He then informed this serving man that he could no longer afford to keep him; but the African bene pl formed him he would have it to do, Thereapon ° breth put his furniture out of doors. The sable gentle- man went to Jackson and brought Major Sumner to the house of Lambreth, who ordered him to receive the negro back, and told the negro that he ood right to the premises as the owner. eth was then sent to the prison at Vicksburg, and there kept without any charge being preferred against him, and without the knowledge of the district commander for several weeks, when some frends laid the case betore General Ord, who commanded his release, ‘This affair has been ventilated in all the pewspapers hereabouts, but no steps have been taken to prevent similar outrages In the future, Now in a few weeks the people of Mississipp! will vote on the question of havin, & convention, You may rest assured that biacks wil vote en mase for the Convention, and extreme radical members thereof, the whites will as a geveral rule not vote at all. The Convention will assembie, and will in the framing of a constitution make such an one as they conceive best suiied to the wants of the black race. The old masters will be as badly treated as Englishmen now are in Abyssinia, and most of tne young white men of the South will emigrate West) to California or other of the States; the old men will soon pass away, and shortly the once rich and prosperot spel ‘will be as unproductive and cheerless as Jamaica's Is this the condition of things men desire? and South, do from my heart Excitement in Col: tending Political Cor Post Commander—A jer. Conumnua, Misa, Oct. 20, 1867. ‘We had some little excitement here yesterday. The radical leaders had secretly notified the negroes in the county to meet here and nomisate candidates for the convention, Before we knew it thetown was full of niggers, All at once a large company, under the com- mand of a nigger captain. wearing a red sash, came in the town. They wore armed with guns, pistols, ecythe blades, axes, clubs, &o, They said they had been told “there was to be a big fight bere to-day; had been told tocome armed, and had come to help,” On the ap- Proach of this armed company to the town, word was at once communicated to the officer commanding the Post, who ordered @ut the troops here and stationed them #0 as be in readiness. The law fobids carrying arms, and military Jaw forbids armed organizations or attending political meetings armed. Maay believe it was —— 3 Cds 2 anther a oes aes for politi f ¢ prom} jon e Com. srecrntles 1 Post defeated it. He marched the niggers in military order. They were met by the Town Marshal, who escorted them to the Court House square. Here Post, who gave a signal, and before the n gere know what was the matter they were comple! surrounded by United States soldiers with fixed bayo- nets, Amore woful ses of weak-kneed darkeys never pas. oe wre Kaen or up er weapons, w ey all prom ext one, an he soon found bimself landed in jail. The officer then told them they could go and hold their mney og they had a pertect right to do, but advised them if what was good ‘The meeting was held and the leaders managed to have four white radicals nominated, The niggers are much dissatisfied thereat, and as fey? are four wo one white, claim that there should be at least two niggers on the ticket, The town niggers are all laughing at foo] country niggers being cotched ‘iho will uot ghear tbe polis” Brervbody te Henteted, who will not go near the very! ust An ola pot sheen named MoDanie! wis last week found dead in his buggy about eight miles northwest of town. He had been shot through the back and robbed, No clue to the marderer, THE NATIONAL BANKS, Jay Cooke on National Bank Notes. To Tae Epron or ue HEnauy:— In Jay Cooke's long and labored article in defence of the national banking system he does not deny the fact that the banks receive $18,000,000 per annum interest from the government ou their stocks deposited to secure their $00,000,000 bank note circulation. But he also demonstrates by figures that, although the banks do re. ceive-$18,000,000 from the government, they pay back to the government $28,820,000 per annum, thus making a loss to the banks of $10,820,000. Mr. Cooke publishes to the world that thie $1! 000 is #0 mach actual lose f their $300,000,000 circus @ great boon to these philan- toropic banks to be relieved from this loss? not be gross injustice not to relieve them? Now, as this irculation costs the }18,000, 000 and tl 10,820,000, and as it Not seem to please either the bans or the people, who ‘8 preference for greenbacks, why woul: mendable in Congress to ploare ail by retiring tho national bank notes and substituting therefor the popular green- backs? We submit this as being eminently satisfactory to Jay Cooke as per his letter and to the people as por their representativea, A Radical Organ on Jay Cooke's Letter. ‘and aepub of the carreateerag fru tire: strength tion, and makes @ there js much that he truthful, paper for six and as low as four Cont inte: ‘these are exceptions to the tule. Tuo tures brinéred millions of bauk notes to-day are Paying fully eight per cont, taki ‘whole Union together. In the West and South the rates of interest are cent, and often with exchange ny legal Now York is reven pereont. The England wend tens of millions of their currency to the West and South to be loaned out at ton to twelve the brokers and shavers take «@ large commission “placing” it, The interest derived from circulation is therefore six millions @ year more than Jay Cooke states it. In a previous article wo showed that he had no right to deduct.the fiftoon to twenty per cent reserve to secure rate in ba F depositors, as ail prudent bankers will keep that much more constantly on band, without an: i tion to do 80; ‘and reckons wild-catters leon ba law to have aot less than that SSpectts sivas on pend, We per jividend tax was in lieu of the income eet oe ’ and must be nrioned ‘out ot Softee in of the banks, Wt 1s neces- sary to tnake these to hie whole levier from being treated with contempt, For who id believe the story ti the balance sheet between banks and the people shows that the banks lose , $43,000 per annum on their privilege of issuing three bundred mitiions of circulation? It hardly stands to Feason that they should desire to retain a privilege nearly eleven millions a year, Capi- heir money in banks for any such purpose, and no power in or out of the government could force them to keep out acirculation which was Costing them more than they realized from its use. To ascertain what the government would lose aud gain by substituting greenbacks for bank notea, we must ex- amine the question, not from the bank standpoint, but from that of the Treasury. In the first piace it would Save the interest on as many bonds as the three bua~ dred millions of bank notes would purchase, The market price of those bonds ranges from 100 for ten- forties to 106 for the five-twenties, averaging 103, The bank notes would therefore purchase 290 millions’of them. Tho ten-forties draw five per cent interest, and the Gve-twentios six per cent, and the banks own about av equal amount of each, The interest would then average five and a ball per cant, which on the two hundred and ninety millions amounts to $16,000,000 in gold, or $23,000,000 in currency, This sum’ would represent the gain to the Treasury by substituting greenbacks for bank notes, t from this must be le the following de- Firs'—The bank reserve for the redemption of circula- tion, $60,000,000, which could not be put into circula- tion without inflating the eurrency to that extent, Tuo ipl the bonds which this sum would purchase is Secmd—Tho one per cent $300,000,000 of cireutation, which is $3,000,000, Third—One-third she nt tax on dividends and Profite—as they would be reduced at jeast that amount— $1,100,000, These three items amount to $8,800,000, Buta de- Privation of the privileges of issuing notes would doubtless cause many banks to wind up and surrender their charters, and the stockholders to loan their money 1m @ Way {0 escape dividend, license and deposit taxes, These losses may be safely estimated at $2,500, which added to the $8,800,000 make a@ total ol $11,300,000. Deduct this from tho $23,000,000 and there remains $11,700,000, or about one-vall of the supposed gain to be derived from the substitution of greenbacks for bank notes, We have not taken into account the State and municipal taxes which the banks pay. becanse the stockholders would still have to oer State taxes on their capital whether they issued bani notes or not, Rut thero is another point of view in which the ques- tion should be considered, Have the people decisively made up their minds to retain the greenbacks as cur- currency? If they bave not it would be great folly and stupidity to break up the national banking system for the sake of » email saving fora sbort space of time. The greenbacks are being retired abd burned at the rate of fifty millions per annum, aud in a few years will all be out of circulation unless the present policy is changed. Tho Tribune has strenuously opposed the retirement of the greenbacks, as our readers know, but ar The Secretary of the Treasury and the resident, backed by the great copperhead capitalists of New York, whose organ is the World, and the New England capitalists sup- ported by the New York Tribune, have persisted in with- drawing the greenbacks from circulation for the purpnse of hastening specie resumption as they declare, We im ormed that a considerable portion of the Prosident’s forthcoming messaye will be devoted to the advocacy of retiring the legal tenders from circulation. Now one course or the other should be pursued. if we are to retain greenbacks for circulation bank notes are not needed. If the greenbacks are to be withdrawn we can- not spare the bank notes, but shail be obliged to in. crease them. A note is @ promise to pay the amount of its face on demand or when due in gold or its equiva- lent, which may be wheat, iron or any other valuable thing. But a national bank note ts a promise to pay the holder—in what? In another paper promise which, in turn, is irredeemable. The government which issues it refuses to redeem it in coin or in any tangible property or to receive it for duties on imports, or even to give the bolder an interest-bearing bond for it. A bank note thus redeemable is a monstrosity and a burlesque on financial inciples and should not be toierated. It is the obvious juty of the government either to retire the greenbacka by allowing the holders to fund them into bonds, and thereby compel the banks to redeem their notes in coin or its equivalent, or to substitute them with greenbac! nd then enhance the purchasing power of greenbacks to pat with gold. Can the latter be done? If # cannot, it seems clear that they should be retired from circulation and make room for a currency that can be redeemed in coin on demand. have seen no plan or proposition for raising the of greenbacks to par, but a great many schemes for depreciating them to the level of tho French assignats, the Continental currency or the Con- federate shinplastera, Ina subsequent article wo shall discuss the possibility of making the legal tenders worth their face in gold, POLITICAL INTELLIGENCE, State of New York—Singular Result of an Analbssis of the Vote—Probable Republicau Dofeat at Presidential Election Next Year Ded: ‘Where tho Party Gain Came From. An examination into the vote of New York from the Presidential election of 1860 to the election for Governor lagt year discloses the remarkable fact that, while the republicans have gained comparatively few of th Ww voters during this time, the democracy have gained im- mensely and with comparative steadiness in every contest, where a full vote of the respective parties is polled, To render this statement fully intelligible we give below the following figures: — Republican vote in 1860, Democratic vote in 1860... Republican majority. In 1861, 1862 and 1863 the votes of both parties fell off largely, and thore was no actual trial of strength until the Presidential election in 1864, when tho resuit was as fotlows:— Republican vote in 1864. Democratic vote in 1864.,. Total vote...... per annum tax on Republican majority 6,749 Republican increase on vote of 1860. 6.089 Democratic increase on vote of 1860.. . 0476 An analysis of tne vote will show tnat 8,391 votes of the republican increase (over one half) came from the city of New York alone, 4,955 from Kings county, and 1,002 from the counties of Albany and Erie, Those totals foot up 9,348 or 3,250 more than the increase throughout the State; thus showing that in the country districts the republicans actually lost 3,259 voies, On the other hand the vote shows that the democrats gained only 11,416 votes in New York city and 5,143 in Kings county, thas gaining 32,917, or two-thirds of their increase, entirely in the rural counties. In proof of this assertion we subjoin the following table of figures:— 1960, figures:— Democratie Vote. New York county Kings county Democratic increase in rural cot Turning to the election of last year we find that the ‘vote was no fair test of strength, although a tolerably fall one was polled. The totals stood thus:— Republican vote in 7866. Democratic vote in 1866. It will be observed that the republican vote 2,420 from the vote of 1864 In Now York city the loss was 3,189, and in Kings county 708, thus showing that the republicans polled 1,477 more votes (of which 1,308 were in Albany county alone) in the rural districts than they did at the Presidential election. But even then it will be observed that they did not regain one half of the votes they lost (3/269) in the same localities in that contest. The democrats lost 9,460 on the total vote, ‘and this leads to @ most singular oxhibit when the figures are analyzed. In New York city they polled 6,968 more votes than ever before, and in Kings county 3,440, making a total increase of 10,408, It wpuld thus appear that in the rural districte their vote fell of 19,868, This large loss was not ali gained by the Tepublicans. The voters simply kept away from the polls, probably because the Democratic nominess, led by Hoffman and backed by Mor- tissey, did not suit thelr ideas, Still they existed, and still exist as am opposition to the radical party, and in a contest between negro supremacy anda negro balance of power in the country on the one hand, and a white man’s government on the other, will cor- tainly be found on the side of the latter, In fact, it can be asserted without fear of contradiction that the republican party was, in 1966, notwithstanding the suc- cons of its ticket, in @ positive minority im this State. In the first place wo deduct the radical gain of 1,477 from the democratic loss of 19,868, and the balance is 18,301 in favor of the latter party. The strength of the respective parties in November, 1366, was, therefore, as follows:— Democratic vote polled. » 352,526 Democratic vote unpolled + 18,301 srony Republican vote on # full poil....... 465 366,315 We have given the republicaa vove as a full one, which it undoubtedly was, for the failing off in New York and Kings counties was occasioned entirely by Tepublican voters going ever te the democracy, Such 5 thetr maltgnity, There are many who see in the ?Pres!- dential candidacy of the General of the Army no shadow mpropriety, Who are wailing over the ambition of © f Justice to fill the highest office within the gift fellow citizens, Here is fine shading of sensi- and a delicacy of discrimination that we do not Appreciate. Of the very great usefulness of Mr. Chase, if President, there is no reasonable doubt. That under bis administration there would be © com~ manding capacity and wina'ng personal worth BUY associated with the Presidential offi Measure the time in the memories of m pub welfare f being the actual fact, let us see what the vote of each party would be io 1869, giving to each the samo ratio of imcrease, and supposing that the republicans do not nominate General Grant as their candidate, This would probably be the vote upon a@ fair issue and on a full poll:— Conservative vote in 1869 Republican vote in 1869.. Conservative majority......... These figures bave been carefully calculated, and at tho ratio allowed, will be found correct toaunit, One thing is plainly apparent, and it is that instead of tho majority of the democratic gains being in this city and Brooklyn, as is popularly supposed, it is to the extent of sixty-seven per cent in the rural counties wholly, On tho other hand, more than the entire republican gain is in New York and Brooklyn, while the country districts show a smail bat significant loss, 8 piace at last among the memorable men of the republic, who did not reach t ehest place be- cause their names were too early as a with it, and they attained sach strengh aod pro: ee AS to com- Dine against thein the jeslousies and the ambitions of smaller men, Aside from all that, the only question really worth woighing is, what, for the country’s eake, would be best? The situation is grave enough to cali - the most considerate public judgment on that ques- jon, of New York Germ e Excise Pulpit Republi: 8+ The Staats Zeitung, an acknowledged organ of the Germans in thia city, under the bead of ‘Campaign Sermons,” states that ‘in nearly all the Methodist churches, and in many others, they (the pastors) were on Sunday thundering against the ‘German and Irish Sabbath breakers,’ and the faithful were exhorted to vote on the 5th of November the republican ticket to save the Excise law. If the ‘German and (trish Sabbath breakers’ only take the trouble to register themselves on Friday and Saturday, there is nothing to be feared from the expectorations of those reverends, and tho ‘faithful’ may vote as they please, The words ‘black- leg,’ ‘woman beaters,’ ‘drunkard,’ and other epithets were hurled from the pulpit en masse, and were particu- larly applied to the Germans, These tirades against the Germans will do some good. Those fanatics will be robbed of the last German vote,” ‘The New York Journal furnishes a full translation of the Hexato’s report of the Rev. James B, Dunn's ser- mon on “German Infideis,"’ and then says ‘Thus preaches a man proclaiming the Gospel in the nineteenth century fn a land of -freeiom.”” Views of the German Press, The Anceiger des Westens, a radical German organ in St. Lovis, has the following, illustrative of the present relations of the Germans towards the republican party;— The Union bas been fully restored, as far as by niain force it could be accomplished. Slavery bas been abol- ished forever, Under these circumstances the question arises, are there any further principles or intercsta at stake to bind the Germans to the republican or radical party? It is our conviction that there is no further iden- Uty between the tendencies of the present radical party and the principles and interests of the German adopted citizens; that their connection is unpatural and injurious; and, the slavery question having been disposed of, it will be best policy on the part of the German adopted citizens to return to the democratic party; of Course not to a Pierce and Buchanan democracy, but to & democratic party which has been purified by the events and changes of the past years, which, recogniz- ing and accepting the resuits of that period, is steadily progressing and developing itself, The Staats Zeitung, in commenting on this, says:— Not the spirit of the republican party, but a certalm question, which in the course of our national life had to be solved, enlisted the Germans for the republican party, Now that this question has been sulved, there is nothing to harmonize tho wishes and interests of the Germans with tho viows, interests and tendencies of the republican party. On the contrary, between the na- tional inclinations of the Germans for independevee and progress, for a free development of the individual and the enjoyment of Jife on the one hand, and the repub- lican theory of subordination, exterual piousness and preteuded virtue on the other, a further convection is unnatural, Singular Features of the Campaign in Mas- sachusetts, That there is terrible perturbation in the radical camp in Massachusetts becomes daily more and more apparent, For the first time, we believe, in the history of the re- publican party of the State, a prominent member of the State Committee has had the boldness to repudiate tho Periodical republican address, to which his namo had been surreptitiously if not fraudulently attached, and to avow emphatically his opposition to the principles embodied, or rather not embodied, inthe document, Usually this ad- dress goes before the people of Massachusetts, or the great majority of them, like @ thanksgiving proclamation from the Governor, when all households are invited to assemble and make merry. This year it falls likes fast day proclamation, when instead of rejoicings the peopie are recommended to clothe themselves in sackcloth, roll themselves in ashes, and give vent to lamentations. What is noticeable in this connection may be mentioned the fact that instead of the indignant secoder being saluted with opprobrious epithets by the republican press of Massachusetts, he is handled with the utmost gentleness by the entire tribe, Indeed, one of the most influential of the Boston papers refers in the most amiable terms to his recedence, and, although one of the strongest of the ramrod or ultra-prohibition party organs, invites its contemporaries te notice the move- ment in « spirit not unlike warning. One of tho same Class of papers consoles itself with the reflection that the prohibitionists in a strong radical town are not entirely thrown overboard, but stand about even with the license men. Another congratulates itself that inas- much as the Rev. J. C. Lovejoy—brother of the notori- ug Owen—hag taken the stump for license, the cause of prohibition is likely to succeed, Another role in happiness because it is reported that Charles Francis Adams, Jr., brother of the democratic candidate for Governor, remains firm with the republican party. The indifference or disaffection has spread so far into the republican preas of Massachusetts that a leading organ cannot find room to publish in full so important a parti- san document as the late address of the Republican National Congressional Committee. Verily, the winds blow any way but westerly, at this time, for tho powerful and nearly always preponderating republican party of Massachusetts, Negro Club Meetings in Louisiana, ’ Banner, Oct, 19.) y one tell what these large negro club me ings since the election mean? White politicians, w the elections are over, usually suspend their club mor ments and rest from their labor: at these negro clube * in Franklin are Row more nuu usiy attended tham ever. The object of these secret mortngs is for the wolves and wildcats to do a work which they do not wish the light of day to shine on, A baser set of hypocrites never lived than those who are whispering falsehood and deceit in the ear of the negroes in league clubs all over the South, Many of them are base enough. to ruin both the negro and the whRe man, it they had the power to doit, Butashort time since nogroes ali over tuis parish came to ciub root armed, Their leaders are familiarizing the minds of thee negroes with the idea of blood, firearms, confiscation, robbery and plun- der. These league clubs arejchool rooms, where no- groes’ passions are played upon by as desperate and cowardly @ set of scapoxraces as ever crawied apom southern soil, These political rufflans still make the ne- groes believe that tie lauds are to be divided among the freedmen. Their teachings are caicuiated to make the negroes dissatisfied with honest labor and the white race, One of these teachers in a club meeting told the negroes that President Johnson was accessory to the murder of Lincoln; that the President is the enemy of the Their language is full of t irit of seditiot venom and wickedness, If outbreaks occur at the South these emissaries of Satan and Congress will be the sole cause of them. Political Affairs of Marytand and Delaware. {From the Washington Intelligencer, Oct. 29 } The Sub-Committee of the House Judiciary Com- mittee, which has bad under consideration and exae mined a number of witnesses in relation to the political condition of the States of Maryland and Delaware, ad. jJourned yesterday until the 13:b proximo, when it understood that a report will be made by Mr. Thom: fo the full committee of the evidence takem. We under-' stand the proof was directed chiefly to the practical ope. ration of the constitution and I of those States im reference to the recently emancipated ne roes, and those whites who favor their enfranchisement. Much per- , bas been indulged in by the witnesses, especially as Governor Swann and his particular friends, Evidence was also) elicived respecting an al- jJeged inequality in the representative system of Mary~ land, Great curiosity is feit to read the testimony at length, but it cannot be gratified befure at least the meeting of Congress. The committee did not examine any witnesses yesterday. Among those who are sum- moned, but wore not examined, were ex-senator Crese well, Judze Goldsborough, Lieutenant Governor Cox, and Hon. J, L. Thomas, formerly a member of the Housé from Maryland, MASSACHUSETTS. “Why the Repnblican Party Should be Sus- ned.” Under this head the Springfleld Republican—a repre- sentative republican paper in Massachusetis—proceeds to show, to judge from the tenor of its argument, why ite party should not be sustained, It says:— The addresses of the Congressional and Massachusetts peg committees agree in do: SPECIAL CORRESPONDENCE OF THE HERALD, publicans Fearful ef the P. L. L.’s and Democrate—Fair Prospects of a Liberad Legislature—Senator Wilson Rejoicing Over the Disposal of Chase and Butler—A Clear a Suffrage—Tho the New Hotel Bosroy, Oct. 28, 1867, It is @ fact hitherto unannounced, that the republican party of Massachusetts is beginning to feel somewhat uneasy about the probabe result of the coming State election. Within the past few days, for the first time since the campaign commenced, it has vegun to be atd tended with sone little excitement, The radical liquon Prohibition republicans foresaw over @ month ago thag there was a powerful combination forming agains® them, and they at once issued an sapped in the sbape of a public address, Another class of republicans—those who did not care particularly what became of the liquor questioa, but whose sympa< thies are presumed to be in favor of @ license—said thad the probibitionists were unnecessarily alarmed; that the minor question of liquor should not and would not enter into the canvass, and tbat Governor Bullock would be elected by the usual republican majority, and that bothd branches of the Lexislature would also be republicans! The liberal republicans—those who are d-termined to erase all laws from the statute book which interfere witty private rights—were bound to make an effort in that 4! rection, even at the sacrifice of party, and they ha therefore united in large numbers with the P. L. Le and will throw their ballots for John Quincy Adams, tha, democratic nominee for Governor, and also gq for democrats for the Legislature, if i ia found that the republican candidates are sound on the liquor question, This movement has ‘80 transparent that many republicans are beginning have fearful apprehensions that the party is to recei a terrible blow at the coming election, and there are reasons for believing their tears to be weil founded. Thi best evidence for a reason for fear is to be found in address which has been circulated through the State, bearing the signature of the Republican state Commit tee, It pointsto Ohio and Pennsylvania as horribi examples, then to the President as another, and ap; eloqueotly and at length to all members of the domi. mant party (o drop all local issues aod unite in one soli®, phalanx to support that gest national organization which, in order to be successful, must have a commot In this they admit the popul: South understands by it, And does signify, above all things else, a growing distrast of the results of the Congressional scheme of reconstruction as they are now developing themselves, It means that the peopie begin to doubt both the justice and sound policy of disfranchising the white men of toe South that the blacks may be dominant, They would be glad to see the Southern attached to the republican party, but they want it done by methods that are re- publican and —— and in a way to jast more than a single year. In brief, they want genuine reconstruction notasham. * * ° It is not negro entrees in the South that the people object to, but the disiranchise- ment and proscripiton of white citizens, including nearly all the most intelligent and trustworthy Union men of that section, and the machinery by which the entire control of reconstruction bas been given to the newly enfranchised, or rather to afew score of white Jeaders, who are i men of small intelligence and Jess character, the mere shysters of politica, The cry that these States are organizing and coming back into the Union politically regeveratea, not only loyal but re- publican States, satisfies nobody. Tne real situation is not changed making the negroes dominant and holding them in power by United’ States bayonets, which is the only way in which they can govern for a single day. * * © Woe venture to say, what the Congress onal committee mignt and should have said, that a way will be made out of the difficutties attending the present reconstruction; that it is impossible they should be ailowed to ripen into the fixed hostility of race now threatened, or that the whole of country should be permanentiy used to subject eight millions of whites to three millions of blacks in the South—that equality before the jaw is what the people demand, and not the subjagation of one race to soother, aad that this they will Ond means te secure, The Chief Justice the Presidency. (From the Cincinaati Com: (Chase organ), Oct. 28.) Elsewhere will be found some of the editorials coa- tained in our exchanges about an article which we Nshed on the 16th instant concerning the Presidential candidacy of Chief Justice Chase and the Ohio election, The editorials quoted show the perversity with which a plain statement of truth may be met. It will bo re- membered by those who bave given any attention to this matter that the Commercial’s article in question did potassume to be authorized by the Chief Justice, and that we stated explicitly, since its merits have been extensively discussed, that we had no knowl- edge of it whatever, and cannot justiy charged with the least responsibility for is, opened and closed with admissions that th: tal pi of Mr, Coase bad been unfavorably affected, if not forever extinguished, by tt tion and concurrent political events, and was pote plea in Charlestown. preferment for him, but for a correct platform, and the various branches of ich mu f his character by his countrymen, The | act in good faith with each other for a common end, interest which all classes of people have shown im our | is stated that this address, which is q Jong, does unpretending statement of facts proves tbat his politi. | reflect the views of all the committee, and that while cal vitality been underrated buth by friends and | bears the names of the whole they wero affixed without, and that perbaps we were too ‘m con- | proper authority, It is turther rumored that those wi cluding it was improbable he would ever be | dissent from that part of the address which ignores called to the Chief of the — re- | liquor question will, in a few days, make a public ox public, It position of how the address was cot and o this morn: Ce the republican and all other votors of consummat usetts to sustain only such men as aro im favor Uberal laws, The P. L, L.’s—the secret political party whieh Neense and will oe Adame now number nearly three hundred favor of the enfravchising amen: did not eay so, Be was in and voted for it, asall men know. We said that he did not urgo its sub- wilesion at this time, and our purpose in say! eowas | in the State and are rapidly in Th to show that he had been wrongfully accused by those bers bave multiplied so rapidiy of who held him responsible Wee eomins and insisting there ‘are many who are sangul upon it, We said he ized the difference between | the republican ticket will even defeated, Su je State necessity of Sufeage in the conquered | are proba there was liigent republican ia nm suffrage in Ubio, Every islature will be im the control the 4 or who hes conq is prejudices vo far as to favor no- | liberal republicans, which will be substantially a popular s0ffrage in any case recognizes the same thing. | verdict against the obnoxious jan enactment! 'y of the entertainment of an opinion as whieh bave been in vogue here so many years. If Johi the Chief Justice |. We | Quincy Adams is elected Governor over Bullock, Mr, Chase has ever any rors ican candidate, the triumph will be the opinion as to the merits testimony with the U party yet. A politician, who has tom Johnoon, As be never | served in the Democratic \ttee, he any opinion ‘on it. We ve reason, Mr believe rt ite Guiney naam eit probably ° eaters’ we at oh [ jeve that Y @ majorit, i his opinion—and as to the of the entertain- * sabeaiil ment and expression be no candid of it we think there juestion—that the threats which have the President and thrusting in of his iH, The local questions Involved in the canvass have abe sorbed so much attention that there has been very litt said or Sg oo national affairs, The general or io , Senator Wilson said, in private conversation, other day that Le was more confident than ever of Di election, and that with his election negro sufirage wou regarded the the inte elect! ail of hy, be secured. reeult could partial iv the coun it bad di of ‘excepting only a few persona to be nam: “ candidates’? for the” , specifying a in that which we believe to be Chase and Butler. ‘Wo uge that expression mow in The Of Solwyn's new thewttshed, plovéa it when we aaid that in temperament and con- | ton strect, bas at length been accomplished, and victions Mr. Chase was “‘one of the most truly conser- | now a successful rival of ail the others. vative mem in the country.’ True conservatism | Commodore Dexter H. Follett, of the Boston conserves the peace of the country. It would build Chav, and has cost about $260,000, and government foundations of justice men 3. H. Sel of York, itia and the good will of the people, In sracture in this part fea, we do not thivk it would distranchise old Boston theatre and the Thodre any large clase, Thi ho have affected ‘that in calling Mr. ‘Gneee & troly counertunive tae ee meant that was conservative as the falsely use the term, accuse their or testily