28 OCTOBER 1865, Page 2

The Times' correspondent in New York collects a quantity of

curious evidence to show that the South is not nearly as poor as it at first seemed, that it has hoarded gold and plate to a very large extent, which it would not bring forth while the policy of the North was doubtful, but which Mr. Johnson's clemency is tempt- ing out from all sorts of queer hiding-places. The New York Daily iVews—a paper always violently Southern—testifies very strongly to the reappearance of this hoarded wealth. The Southern newspapers are full of discussions of investments, the planters are paying their old debts contracted before the war, and beginning to buy so largely in the North as to be some of the best customers of New York. Instead of dying "in the last ditch," they seem to have buried their reserve of bullion there, which was no doubt the more sensible course of the two.