TERMS OF PUBLICATION. f TgE Bedford Turrit ii every Fri- I.T AIO.-niBP by MBTB** * MKSDBL, at $2.00 por if P*"* * trtc,l V tn odtMHK ; .iJ.M if piiiJ j „j v..a rVi moutbi: $3.00 if m>t paia within si* . ;L Jk "ibscri-ptian accounts MUST c It Jiti-fd annuaL'sj. paper will i.e c-.-ntout of fc. SUo unleiSi pai't for IN ADVIXCE. and all such ! _ .^. r ;ption ait I invartubly be discontinued at; ■jj. jtpirtion of the time for wtloh tby am ill ADVURTISEM MNT3 for a l. e term than l£r > mouths TEN* CENTS per line for aaeh tn m'Jon. special oui Jurlititl Suit s, are regiti if by tela ' b It published in both pi'jnrs pu&litJud in this jistt. fcjjr AH iidverticin;: Jut after first ii.-ertlon A liberal disc -uut is made to fa.*; -m- advertising p th 'fuarter. hag J ear. or \ e.'ir. at follows : i 3 months. 6 moot ha. I year. •One square • - - $ 4 oil sfi 00 ?Hj 00 Two squares ... oon yOO id (M) • Three squares - - • t 00 12 U At 00 Quarter column - - It Ou 20 00 -lb 00 flaif c.uumii - - • IH 00 2• 00 GOO 1 columu - - * - 30 00 4:> O0 eO 00 e'dne square to occupy one inch of space. JOB PRINTING, of every kind, done with B atuess and dispatch. TIIK GA/.ETTK Oirricr LOIS just been refitted with a Powt r Pros; and new type, ; und everything in the Printing iiiiecao be t-xecu- | in the teust artistic manner aud at the lowsst rates.—TERMS CASH. fff' Ail tetters should be address! to MEYERS S. MENGEL, Publishers. j l -.-'V ■ .... (3UtornrMs at i\iu\ fosi.PH W, L'ATJhk ATTORN KY ,| AT LAW. BEDFORD, PA. Will promptly: etteud to eollectionf of bonntv, Lack pnv. .*c.. sad a!i busireri entrueteii to hie euro in Bedford ! art adjoining counties. Cash advanced ou judgments, notes, military t slid other ciaim'. Ha for sale Town lota in Tatceville, an*! St.- Joseph'a on Bedford Raitroad. P".rir;s ~ud utiiin-; proved land, from one acre to UIH) ares to suit) perohasers Offlce nearly opposite the "Meugel Hotel" and' Bank of Reed A Sehell. April 1. 1-fio—lv TJIDWARD F. KERR, ATTORNKY ; Pi AT L AW, BKItPORD. PA W ill min-tually ad carefully attoud to all business cutrusied to his or re. .-oldiers'claiun for tummy. 'o. i. pay it speedily collected. OSoe with 11. Ni'-odw nur. Esq . * his care. Particulsr atleuti'*n paid ii the coile ;ion "f Military claims. < if". .r on Juliana streIP. ATTURXEY AT Vi LAW. BEDFORD. P. Will faitfilulfr and ' yt tptlv attend to all business entrusted to hi •up l n Bedford aud adjoining routities Military ; back pnv. bonotv. tic.. pfedily Office with Mnrn A Strang, on -rrbct, ; Somh of the fia 8 1W > SI. KIMHRLL. j J. V. LiNOENFELTKR. r I.MMKLI, A LINOENFELTER, IV ATTORNEt -ATI. W BEDFORD. PA.. | liave formed a partuersuir in the prasjUeo of 'he Law. Office on Juliana street, two doors.South -ftho "Meng! Jfo-Me," J1 H. SPANG, ATToi'.XLV AT • I . LAW, BEDFORD. PA Wili promptly at- Xi! Ito collection* and all businesj entrusieii to hissare in Iforsl and adj i: ,rg coonti •• n ffiee on Juliana -treet, ihrea ao rs south '•! the , Meugel licue," opposilo tin. rsat.iar.te of Mrs.' Tate. Kay '.3, IS6G , JOHN T. KEAGY, ATP>IINEY ♦/ AT LAW. IUKDFOBD. I'A. Will pnaftdyl attend to all legal business entrusted to his care Will give special attention to claims ."gainst the g-Ten.ini-o'. 1 Office on Juliana Ft rent, formerly occupied by: Hon. A. King. March 31, ISS i'hu.siciaißi and £cutists. J? M . MA RBOU 80, M . D„ I . SCIIEI.I.-Bl fit.. PA Tender- his profey fWtttki tervi t* of tbnt &nf K Colvm, in th; formerly occupaed by ty -f . Ifunry Sch^l! DR. J. LTMARBOURG. iiuvifg permanently I'.a'atesl. respectfull; tenders | '■-professional sorviees t<> the citizens of Bedford aol vicinitv '.'Sue oil Juliana sfr. east side, nearly opjueiite his Banking llous- of IC-ed A hcheli. '•rtf od, mnuy 12. IBM. f ' HICKQK, t J. . Jiix.vx n, *., j EXTI S T S , REDFOBD, PA. j 'Sc io-he Ilauk Building. Jnliana st. kU operations pertaining u> Surgical or Me 'tr..csiDeDtitrv can-fullv performed, aud war 'sated. Tr Kits —f Abll. bssford. Jeuuary 6. ihfi. j&Mkins. jfjosKetn. | J.J. ecnetL. , I) L E D A N D BCli L L L , It Hankers and DEALERS IN" EXCHAXOE. BEDFORD. PA.. s'hAFTS te.ught and sold, eoitec lions made an i ' promptly remitted. elicited. * sri'f o. r■ UUJVNO* y. mnbdict r HI PP, SHANNON A CO., RANK-j ERB, BEDFORD, PA r HANK OF DISCOUNT AND DEPOSIT j -Actions made for the EasT, Ww'. North; - tv.-tith. aud the general kusintNts of Lxchaog'.- j N'otee and Acconuts Collected and ; promptly made. REAL Is.-TATE' Oct. 20, HG6. BORDER, T~. Grr STKST TWO DOCKS WKBT OF TKK BKD- . T CTT T| Ben, OP. Pa a I3|MAKER AND DKALER IN JKWKL- I RY, SPECTACLES. AC CB hand a euxtk of' fine Gold and Fil- ] . N'Aas Speetoc'ea cf Brilliant Double Re. • q>,. js-Ars-s, a'eo Sootoh Pebble tr.sld '-Eain t. Breast Fins. Finger Rings best j',,3 T! O-ld Peav He will suppiy to order; cu, K ln fci lioa not on hasi. L M. HP. IRVINE, ~ I • ANDERSON'S ROW, BEDFORD. PA., it,( r Shoes, QHeeusware. aud Virie- | A,,,, trom 0 JOE try Mazccante re-' elicited. j Gunsmith, j Mwl j( Jrd ' Shop same as formerly occu- ' *'rk • border, deceased. Having resumed ] rsaj ~ "ow prepared to fill all ordvrs for new | ■tr f "ortet dotice. Repairing done to or- | * r: l atrcnage of the public is respectfully OS'.. 20, es. I ®!)t iicftforb ©ftjriic. BY MEYERS & MENGEL. ?!u (iViisfttr. llt LOCAL HJMTOHY. Erect km nf Bcit* on Imliaii tan n Cumberland and Bed ford count ie-." These boundaries w ere fixed in accordance with the following provision of the act of the Legislature already referred to: "That all and sin gular the lands lying and being within the boundaries following: that is to say, beginning w hero the province line cros.-e* the Tuscftrora mountain, and running along the summit of that' tnou.it -.-tin to tl :• < ; np near the head of; Bath Valley; thence with a north line to the Juniata; thence with the Juni ata to the mouth of Shaver's Creek; thence northeast to the line of Berl county ; thence along the Berks county line northwestward to the w -i noun- 1 dary of the province; thence south ward, according to tin several course of the western boundary of tin* prov ince, to the southwest corner of the province to the place of beginning." When the county was orsgtnt/.cd. It included the whole north-western ami south-western portions of what WILS then the province of Pennsylvania. Before it wa-shorn of ts original pro portions ia- the reader will have ob served above h extendf*! eastward as far a-the western boundary of Berk-. But old mother Bedford gradually gave up her broad acres, as lier daughters, one after another, received their por tions from her generous endowing*. First, Northumberland, 011 the J Ist of March, 177:.', took a part of her soil; Westmoreland, the year following, Huntingdon, in 17--7, Somerset in 1795, trenched .-til! further upon her domain; and Blair and Fulton within tins mem ory of the present generation, reduced her territory to the limits which now ' confine it. The fir.-, attempt by white men to occupy the lands included within the, original limits of Bedford cocinty, wa- 1 made by some adventurers from the ('onoeocheague and Conodoguinetteset tleiticnts, about the year.l7 10. Pioneers front these settleinent,- ".-qubtted" at ! Path Valley, Aughwiek and Big Cove, j The lands which these "squatters" oc cupied had not then been purchased i from the Indians, and a- there was a i special agreement IhUwcci) the Six Na-, tion- and William IVnn, that the lat- j terwasnotro suffer any of his people! to settle lands before they had purcha sed them from the "council" of the for mer, the government warned the set tlers to withdraw from the unpurcha sed territory. Some of them regarded the warning, but Others refused to re move. The Indians complained to the provincial authorities, that their bunt-! ing-grounds were intruded upon and injured by the whites and that unless the settlers wore constrained to wnb draw from the unpurchased lands, quar rels with them would inevitably ari-e; and bloodshed certainly ensue. Acctc- ; dingly, in order to compel the refruc-j toty pioneers to regard the injunction of the government, in May, 17730, Iticli ard Peters, Secretary of the Province*, j aoiompanit-d by the sheriff of the coun ty, proceeded to Path \'alloy, w hem; he burned eleven of the "squatters'" I cabins; thence to Aughwiek, where lie burned another; and afterward* to : Big Cove, at which place they burned; three more. Some other cabins were | also burned, a few of them by those; settlers who determined to ronurvo in 1 compliance with the request of the; government. (From these proceedings j a place now in Fulton county, derived ' its name of Burnt Cabins). As far ascan beaseertnined, the n:imw of the principal pioneers in Path Ya!- j ley, were as follows; Abraham Siach, j James Blair, Moses Moore. Arthur 1 tun-! lap, Alexander McCartie, David Lewis, Adam McCartie, Felix Doyle, Andrew Dunlap, Itolert Wilson, Jacob Pyatt, Jacob Pyatt, Jr., William Rum age, Reynolds Alexander, Sam uel Patterson, Robert Baker, John Armstrong, John Potts; the ad venturers in Big Cove, were Andrew Donaldson, John McClelland, Charles Stewart, James Downy, John' Mat-Mean, Robert Kendell, Samuel 1 Brown, William Shepherd, Roger Mure i phy, Robert Smith, William Dickey, William Millican, William Mac Co n nell, Alexander M acUonnell, James 1 MacConnell, Williai 1 Carrel, John Mar j tin, John Jamison, Hans Potter, John , McCollin, Adam MacConnell, James Wilson, and John Wilson and a few others. Peter Falconer, Nicholas De : liOng, Samuel Perry and John Charle . ton were the principal "squatters" at Aughwiek. Xotwitlistiuidiug the se ; vere treatment of these parties, by the . provincial authorities, it is said that 1 some of them afterwards returned to j the places from which they had la-en { driven, and that their descendants live ' at this day in the localities made mem orable by the IxJld nets of their pioneer ' ancestor.-. The first permanent settlement with ' in the original confines ot' Bedford f county, is supposed to have been made in tbeyear 17*">u. In 1770, settlements 'on Dunning's (.'reek and Shawanee ' Run, distant, re-jwetiveiv, twelve and fifteen miles from the fort 111 Bedford, were established The latter stream is near the Allegheny mountains. and up on its banks, the Shawance Indians ! oia t-had a village. In 1771, a consid erable dumber bf sett lenient- hndKprnhg | up in differetit parts of the county. The county was then divided in ;o the followingnamedtownship*: Air,Arm -trong. Barreo, Bedford, Brothers val ley, Coleruin, Cumberland, Dublin. Fairfield, Ilemptield, Mt. Pleasant, Pitt. iiot-s Straver,.-spring Hill, Tyrone and Tuliyleague. The first Court of General Quarter Sessions for the county, was held at Bedford, on the lfith day of April, 1771, "before William Proctor, Rolx-rt Clug gage, Robert!lnnna,Geo. Wilson, Wat. Lochery, and William MeConneit, In quires. .lu-tice- of our Lord the Hit g, to hc-M* ami determine divers felonies | and misdemeanors committed in Uii said county.'* The following nan ted 1 per-ons constitute*! the Brand Jury of , this Court: James Anderson, foreman; I 'hark Cessna. James Met Vhl in. 'I J lio-. Ivje.rloc., Alien Rose, George Millekin, Joliu 3100 re, Robert t -ulbertson, (Seorge Funk. John 11 u IT. Rinard Wolfe, \ral entine .sliudaeer, Tbuma- Day, Samuel Drennin, EJ .vard Rose, Sar oiei Skin ner, William Parker. Chri.-topher Mil -1 1.-r, Thoiiist- ("royai, Adam Sam, Jacob' Fisher, I.avid Rinard. Tin- first Justicxts of the Peace for the county, were appointed by the (iov ertior, Marco IR, 1771. Their names were Arthur St. Clair, William Craw ford, Jame- MiPingan, Thomas GL-t, Dor-ey Pentieost, Alexander Mclvee, Wm. PriH-tor, Jr., Robert llamia, William Loebery. George Wilson, Robert Clugguge. Win. MeConnell a ul George Woods. At the first term of Court, the .lu-tiees recommended to the < iovernor the following nunuxi persr-n --as suitable parties to keep taverns: Margaret Frazer, Jean Woods, Fred erick Naugle, q. At the .in ly term following. David Grier, David L-py and George Brent were admit.ixl to practice in the same court. Artiaur St. Clair, of military memory, was the fir.-t Protlaonotary, Recorder of Deed and Register of Will.-, for the county. . Robert Ilanna, Dorsey Pentreost and John Stephen-on werethefirst comnds ! sioners. < Tn he confimird. i Tilt: CtIoLKIIA !X F..M.1.AM1 AM) J'uanck.—There 1-jui no longer lie an\ flou'it that the Asiatic cholera bar- nuuie its apjieairtmre and is spreading in Kng lamd. Another total case has oi-eured 511 Southiimpton, From there it ha spresid to Slioling-Coinmoi! and Bit terne, situat*-alxiut four aind two niile from Southampton. The two ea.-i - at ■ Sholing-< 'ommon hav epr<>\-ed fatal: of seven eases at Bitterne two halve prov | oen 00 deaths out of a jxipulatlon re ! dueed to 1,000 sou Ls by a panic stricken : jieople. In Touloa it has a jsvuliarly ' virulent character. It has also made i its appeanuice at Paris, where, aocord l ing to the testimony of I>r. Vaclier, tho condition of the stagnant water of the basin causes a serious apjireheiL-ion ' of its rapid spread. j HUMAN IIAIR, which five years ago j brought five dollars a pound, is now worth twenty-eight, and some as high as one hundred und tiftv dollars. Over two million dollars' worth is now an nually imported. The false designs of the gentler sex have caused these ex tensive importations, hut probably we shall need all that hair to balance the i gain we have made, the last few year-, ' in the wool crop. BEDFORD. PA.. FRIDAY MORNING. OCTOBER 27, 1865. •1 lIfPORTA XT SPEECH RY TIl'K, SKIRL T.VKV OF IHL TitY.VSI I ;y. , | The banquet given in hont >r ofSecre - tan,* Met "ul loch, at Fort Wayne, Indi " ana, is spoken of by the- western papers t as one of the finest affairs evt i r Avitness s ed there. Theseeretary was veleoniwl f iiy P. P. Bailey, Esq., who presided on - theoeciLsion, and. in response to "our honored guest," spoke us follows: 1 In any other place and under any other circumstances I should tot f -ei at liberty to make any pariicuLtr allu -1 sion to the Prcsideut of tho Unitxi 1 .State-, holding as Ido a seat in liiscab -1 inet. But knowing that, many of you, my townsmen and neighbors, have leon of tin- opinion that tlie settlement r of the great question- which wduld | neeessiirily come up for settlement at " . the elHweof the war would riquil-e on ' the j:trt of the < hief Magistrate a |rt founder wisdom and a broatler .UaPi " : manship tlnm was required during it* . 'Continuance, ami iiiat not a few lnive ; heen-deeply aji.xiOus lest 31r. Johnson • j might have fas-n iini-qual to the prodi- I gious work that Ims been devolved up on iiini. I hvi i-onstraiia-d to say that I there is, in my judgment, no ground for apprehension on this subject. Try ing' and difficult as is his situation, i Mr. Johnson is aiaster of it. He pos -essx-s in an emiuent degree, the quali ties tiiiu lit hitu for the presidency at the present time; A southern man, thoroughly acquainted with the effects ; : of slavery upon society, he knows how to deal with southern menintheif pres ent eireumsfcutces. Ardently tittaciied , t< Tennessee, tliekive which he bears to liis state is entirely subordinate to that which he bears to the Union. Jealous of state rights, he is equally , jealous nf tL'se rights of the general gov i ernnient. A radical and uncomprMng enemy 'f nullitientit'h, secession and every form of disloyalty, be isikjually an enemy to any measures Avhieli, in his judgment, are calculated, by de priving the state-- of their just rights 1 i under the Constitution, to convert the federal govermnenl into a despotism. ) Raised in slave states, and lately a slave j holder he has always been the opponent of the aristocracy that was based tipon ■ it. By nature and by tHluretion, in* ir i just the man for the gr.-at work of rc | establishing the fohral .udliority over ' the rerent rebeilioiis state.-. And in* j has taken hold of this work with a do ' votion, an energy and a prudence that - promises tlu- best results. Ueisa man f also, of excellent judgment, and great • j singleness of purpose. Honest himself he expects iionesty in others. Although , long in public life, aud a leading poli , tician of his own school, iie is in no i . sense a partisan. Unaasumingin man- I nt.rs, in* i-yet-elf-tiOK-'-essi'd and digni f. tied. lie listens to the advice of those - in whose judgment he has confidence - but acts upon Iti- own convictions, and : generally according to his own impress ion-. With great decision of character lie is never hasty in action, stern and unyielding in his adherence to princi ple and duty, he i*a nam of kindly and j gentle emotions. Ifaxingby his own ■ indoinitable energy fought his way up ■ 'from alow to a high estate, he is In i ' hearty sympathy witii those who are treading the same upward path. He • is, in a word, a clear-headed, upright, unergetic,so 1 f-ro 1 ying.-latesnian; adig nitied, courteous, ami kind hearted gentleman. His administration will be eharacterizt dby all the forts- and ener gy and indepeiul niceof Jtickson 1 .-, with ! very little of its partisan elumtcter. j Tin. I• It ESII >KN T's itKCONSTKI'CTION INiLICY. Under liis direction the great work of ■! re-establishing civil government tit the ■ South under tin federal Constitution i going nipidlv forward —too rapidly, it seems, according to tin-opinion of many s tit the North, whose opinions are cnti-' tied to gre-at consideration. 1 know, | sir, that many doubt the wisdom of 31 r. • Johnson's policy; that many are of tiio 1 opinion that by their ordinances of se ct—.-i tin the rebellious states htid cett.-cd. • to IK- states under tint Constitution ::tnd thut nothing should IK- done by tin-ex ecutive in aid of the restoration of then; state governments until Congress had determined on what terms they should bo restored to the Union which they ; hail voluntarily nbundoned and at tempted to destroy; that ;is the ptsiplo t of these stubs had appealed to tlio ' sworrl, and been subjugated by the : i sword, they should be governed by the sword until the law-making powers had disposed of the subjectof reconstruction, i i that no state that hatl jtassed ordinances j of sts-ession and united with the so-eill- , 1 t d confederate government should ever ] ' j tie admitted again into the Union uu- j 1 ; less in its preliminary proceeding* all j men, irrespective of color, should bo | | permitted to vote, nor without provL | ions in its Constitution for the absolute enfranchisement of the negro. Bomo' ; even go farther tluui this and demand, ' i thecontiaeatlon ofthe propertyofall reb els iuid the application of the proceeds I to the payment of the national debt . Thoee ore-not, I apprehend, the views, of a respectable minority. I know that they are not the views of the majority of the j H-ople of the North. The better | • j opinion is that thestates which at tempt-! j edto secede never ceased to be stab- in j i j the Union; that all their acts of ,-eccss- j • j ion wore of no effect; that during the \ ■ | progress of the revolt the exercise of the j f. fedend authority was merely susjiended 1 - and that there never was a moment '! when the allegiance of the people ofthe \ -' insurrectionary states was not duo to j , the government, und when the govern- j < rucut was not bound to maintain Its ! authority over them and extend protec tion to those who require it. When • j the rebellion was overcome, the so-call . IH! confederate government and all state . governments which had been fonned j in o]>iK>sition to the federal government ceased to havee vena nominal existence, and the people who had been subject to them were left, for the time being, wit h ■ | out any government whatever. The i term of office of the federal officers had expired or of offices had become vacant bv the ' reason of those who held them. There were no federal revenue officers no competent federal judges, and no j organized federal courts. Xorwere the j ) tcople any lietter off as far as state au i hority was regarded. When the con ( federaey collapsed all the rebel state I governments collapsed with it, so that, with a few exceptions, there were no j persons holding civil office at the South j by the authority of any legitimate gov ernment. A J.Alien: AKMV DANGEROUS AND FX- T'KNsrvK. Now, as government is at all times a necessity amoilg men, and as it was es pecially so at the South, where violence and lawlessness had fu]l sway, the ques tion to be decided by the President was simply this: Shall Uie people at the South he held under military rule un til Congress shall act upon the question or shall immediate measures lie taken by the executive to restore to them civ il government*.' ftcr mature consid | oration, the President concluded it to bo his duty to adopt the latter course, ai d 1 am satisfied that in doing so he hue acted wisely. Military rule will not be in demand by the people of the Cnited States one moment longer than there is :in absolute necessity for it. Such an army as would have been requisite for i the government of the people of the. South, as a subjugated people, until; < 'engross might prescribe the terms on \ which they could be restored to the Un ion, would havcbeeii to<) severe a strain upon our Republican institutions, and too expensive for thopiesent condition of the Treasury. The Proficient has therefore gone to work to restore the Union by the use, frorr. the necessity of the case, of aportlon has produced in their domestic institu tion. with an alacrity and an cxhibi-1 tlon of good feeling which has, I con- ; fuss, surprised as it has gratified me, NEGRO SUFFRAGE. ! In the work of restoration the Presi- j hut has aimed to toward me in Ihe wry trying and re • sponsible position I occupy. I accept -1 ed the office of Secretary of the Treas- I ury with great distrust of my ability : to meet the publii * expectation, but . ! with a sincere desire to so conduct the .affairsof this great, department as to aid in restoring the credit of the gov ■ eminent which Had been damaged bv j the greatness of the public debt, and the uncertainty in trogard to the dura • tion, if not to the result of the war, and in bringing up fate obligations ol ' the government to I.he specie standard. ; IKREDKL.M A!BI,K CT; HKENCY AN EVIL. J am not one of th ose who stem dis -1 pose make a secured paper cur rency the standard. On the contrary, 1 belong to that class of persons, who, regarding an exclusive metallic curren cy as an impracticable thing among an enterprising anil eominereifil people, nevertheless look upon an irredeema ble currency a- an evil which circum stances may for ii time render a neces sity, but is ne\' s r to be sustaihed as a ])olicy. I!y coßlifion consent of the tui tions, gold and silver are the Only true i measure of value: They are the neees sary regulators of trade. I have, my self, no more doubt tluit these nietaN were prepared by tie Almighty, for this very purpose? tlvm 1 have that i ron and coal were prepared for the pur poses for which they .art- being used. 1 favor a well-secured convertible pa- I per currency. No othercan to any ex tent, be a proper substitute for coin. I Of course it is not expected that there ; shall be a dollar in coin to n-serve for ' every dollar of paper in circulation. This is not necessary. For all ordina ry home transactions, u paper currency is sufficient, but there are constantly occurring periods when balances be tween countries, and in the Uuited States between its different sections, must be settled by coin. These balan ' ces are insignificant in amount, incom pariser with, the transactions cut bf which they iaris*, and when a vicious sysfcemof credits does not too iong post : pone settlements, they are arranged without disturbing movements of coin. ! Whenever specie i- needed for such n phrpose, or for any other purpose, the I piper currency of the country should be convertible into it, and a circulation which is not so convertible will not be, and ought not long to be, tolerated by the people. The present Inconvertible currency of the United States was a ne j eessitydf the war, but now that the War has ceased, and tiff- government ought not to be longer a borrower, this cur rency should bo brought up to the spe , cie standard, :uid I see no way of doing i this but by withdrawing a portion of it from circulation: I TIIE BUSINESS of tins COUNTRY IN AN UNHEALTHY STATE. i 1 have no faith, sir, in a prosperity which is the effect of a depreciated cur rency, nor can 1 see any safe path for us to tread but that which leads to specie payment. The extreme high prices which now prevail in the United States is an unerring indication that the >bus iness of the country isiuan unhealthy condition. We are measuring values iby a false standard. We have a eircu . latiug medium altogether larger than is needed for legitimate business—tin l excess is userators indicate tiie nature of | the transactions, but it is spreading through our towns and into the rural j i districts. Men an? apparently getting • j rich while morality languishes and the ' productive industry of the country is j being diminished. Good morals in bus- j ' iness, and sober, persevering industry-, j i if not at a discount, are considered too l old-fogyish for the present times. But 1 feel that this Is not the occasion for j croaking, and perhaps I ought to apol ! ogizo for the train of remarks into which ; ; I have been led. Whatever financial' ; troubles.raay be before us, Fort Wayne ' will suffer as little from them as any • i other city in the country. Good flnan-! ! cial seed was sown here at an early day. | If property is high, there are no ineum-1 i branees upon it. If expensive buildings, are being erected, the owners are not indebted for them. Business,la done here on the cash principle. Our mer chants generally buy for cash. We shall doubtless wake up some fine morn - ing and find our property worth ap parently a good deal less than at present, but if we have no debts to pay in a dearer currency than that in which they were contracted, we shall have little to fear from any crisis that may occur. WISE LEGISLATION NECESSARY. But, while I feel anxious about tho present inflation, and its effects upon the business and morals of the country, I am hopeful that, by wise legislation, we shall escape a financial collapse, and I am confident that a grand future is before the United States. lam hopofu 1 that the currency may be brought up to the specie standard without those fi nancial troubles which have in all coun tries followed protracted and expensive wars. By the experience of the past four years, we are led to the conclusion that our people have a latent power that always manifests itself when re quired, and is equal to any emergency. I have faith, sir, that as we have, to the astonishment of the world, raised im monsearmies, larger, I apprehend, than ' any single nation ever brought into the I field, and met the enormous expenses of the war without borrowing from other nations, we shall also be able, without a financial crisis, to fund cur surplus currency and interest-bearing notes, bring buck the business to a spe cie standard, and place the credit of the country on the most stable and satis factory basis. If we do this, we shall . accomplish what the soundest thinkers in Europe have considered an impossi bility, and what no other people but the free and enterprising people of the | United States, occupying the grandest ; country in the world, could accomplish. But should we be disappointed in these hojK'ful expectations; should no early : chirk IK* put upon the issues of paper money ; should prices still further ad vance, and speculation be still further stimulated and the result thereof be extensive bankruptcy, depression, and i hard times, the grand destiny of this country and this government will not be affected. The United States occupy the hest portion of the temperate zone of a continent, stretching out its arms j to Europe on the one side, and Asia on the other, and producing all articles ue ! e'w-ary for the subsistence and comfort Jof the race. If cotton be king, lie is, thank God, enthroned again ; if bread > be king, where should his capital be , but in this great valley of tiie Missis •' sippi? This nation has within itself ev erything that is needed to make it the 1 greatest among the family of nations. ( 'OH i and i ton in juxtaposition and inex haustible supply. Mountains and val leys rich enough in gold and silver to furnish the world, for all time, with what may i>e needed for circulation and j other uses. Copper and lead and other minerals in no less abundance. A soil of wonderful fertility, a climate salu brious and diversified, and, above all. republican institutions,and an energetic ; and again united people. CAPITAL AND LABOR IN THE SOUTH. We have, it is true, sir, difiicult ques tions growing out of the war yet to be settled, but 1 have an abidingeonfidenoe that they will he settled as they como up for settlement, in such manner as will strengthen the Union, and add to our national renown. The labor ques tion at the South is otic of those ques tions, but if there be no outside inter ference, it will not, 1 apprehend, be a very difficult one; on the contrary, it is quite likely to he a self-adjusting one. The planter needs the labor of his form er slaves, and the high price which Southern products will command for years to come will enable him to pay liberally for it. The colored people will soon learn that freedom from slavery ' does not mean freedom from work.— The interests of the two races will not long be antagonistic. The white will need the labor of the blacks and the blacks will need employment. There is as much danger to be apprehended from the unwillingness of the latter to labor for a support as from an indispo sition on the part of the former to pay fair wages. Like all other economical questions, it will be settled by the no ces-ities and interest of the parties.— Fortunately for the solution of this question, and the well-being of laboring men generally, capital is not supreme in the United States. It does not, as in most other countries, hold labor un der its control, and dole out to It just such remuneration only as will make it most productive. Labor is a power in this free country, with its cheap lands, which are within the reach of all indus trious men, and dictates terms to capi tal. There is no part of tl ic world where labor is more needed than in the South ern States, nor where it will soon com mand hotter prices. This labor ques tion at the South will, I doubt not, lie satisfactorily arranged in due time, for tho best interests of all concerned. But 1 Jiuvo trespassed too long upon your time. Accept, again, my thanks for your courtesy, and for the attention you have given to my desultory remarks. AOATNHT THE CURRENT.—A wag gish chap, whose vixen wife by drown ing lost her precious life, eallod out his neighbors all around, and told 'em that his spouse was drowned, and in splteof search, could not be found. He knew, he said, the very nook, where she had tumbled in the brook, and he had drag ged along tho shore, above tho place a mile or more. "Above the place ?" the people cried; '•why, what dy'e iboan?" The man replied— FOf course you don't suppose I'd go and watte the timoto look below? I've known tho womafa quite a spell, and learnt her fashions toTbleweU; alive or dead, ihe'd go, I HWOW, against thecur rent, anyhow 1" Btrff The State Constitution has been adopted in Colorado by a large ity. The negro suffrage clause waaiiU*- feutcd. igMim~- | r~