Weekly chronicle & sentinel. (Augusta, Ga.) 183?-1864, November 30, 1838, Image 2

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31 - . Tlcr'ilniions. Ho (he of Ucpr e.eniu* res of the General -fo istniblj of the o. ate i f Gcmr a, Hot. 14,1338* "Wh areas the question of dlyciising wish banks as the agents of the Government in lh6 collection anidisbur.-oaicnt o. the Public Reven ue, and tiie a?eoinuajiving question o 1 the Cur* rency-maat proper to Le o;i,.d ayed in the fiscal operations of the Government, arc both of agi tjting a;ij exciting charac.cr, as well as of great importance in-their (vnscqucnccs, it becomes the rigiit (and under the circamstanccS oi excite ment) the duly of the General Assembly to ex press freely their ophiiaus in relation 'to both branches oi this important subject, The Inde pendent Treasury, or Suh-Trc.isury system, com monly so called, involves two questions, each oi great importance, but wholly independent. The second seeks to determine and establish the kind and character of the currency most sale and con .* venieut for th? Government and least oppressive . fit the people. In regard to the first, we. the re presentatives of the people of Georgia, influenced ■ by a sc; tied conviction of the uncoustitutionality Oi a United States Dank and of its inexpediency also, should deem it extremely enter- ! tain any longer the i lea of such an iniitutlon ever becoming the li c.ii agefit’of the Government. AVc arc equally oppose d to ihe introduction of ihc local Banks as a p uts or depositories of the pub lic funds, as well toroid the influence of that ex traordinary patronage, resulting to ilie- appointing power from such connection, power be su lib red to rewith the Executive or taken into the. iuads of Congress, as to prevent the unavoidable tendency of such a system from swelling the revenue La an unneressaiy anddan gsrom extent, pro during fia .'tuitions in trade anl prices, not only by thi increase of the reve mi?. but from the frequently made of those corporations as d-:-;'ofi tones an I agents of the public money. ITqe.ly r-;e ling boih of these agents for various other good reasons not to be sot forth, it ie . f a-wily r? alls that the Gov ernment must conduct her li-cvl transactions through th-.* agency of her officers appointed for that especial purpose. In regard to the c urrency most prober to be employ •1; while we‘are‘fully seitsibfe that gold an 1 sliver must forever remain the bads an I regulator of the video of property, and tli at we would nit favor any sysu-m which would (Milan,grr the reasonable certa iity that ihr paper based thereon, should not ai all times Lc immediately convertible, or in iv.lier words, ic d;i *cd to gold and silver at the will of the hold er; yet Jo we not see the ne; easily of condu *t ing the operations oi the Govcrii next exclusively in the precious metals; m it appears tliat the trouble of conveying the specie from Bank to fc>nstom II mss aid from th? Cucto n II >use to to the Bank, would {»? productive of some in?cn- i , veni snee, and if that in con .enicnce can he rein - died by tfov: mg a system of combining a’l the facilities which paper affords as a nied um, witli all the certainty of value which the circulation of the precious jTUih l. secure, it would seem that wc wo L iu atgC ft fts near perfection in our circu- : lation r..< o#the thing is susceptible of. 1 here are systems w hich can Jay claim to perfectipu, ahfl’ its imperfect :.s the fc>ub-T»T*a g»fey-sysuyef rthqr bq. yet un i. r prop? r guards, ’•wren it-3 qst wo believe it ilie best sjpdcm yet been darised f»r tan genc rm goaifcqffii jue vising anti discussing the plans best cdfriqptf-.U) seairc safety to the ■ revenue . and !<£>•?. to the Gov vTunicut an ! its pco • pl®T jiot he overlooked that in this yidely.' exi&£Tod -confederacy a cifciil ilion*is dc- WdnqfVi and very mucli needed that will inaintun eqifal value throughout the Union. The bills v*4 a Bank of the United States would satisfy lully .expectations of ednvenirn *e from such cur rency, but as it is mo opinion of ibis Legislature oven had Congress the power to charter such I an institution, the unexpediency of the measure should forbid its in orporali ».i ; they propose a .* .’ jQrstfpi which, while it lias none of the character istics ol a Bank, won' 1 alford a convenient and safe medium of remittance, withoulany violation of the powers ol the government or rights of the peo ple. The govern: icnt is compelled to raise sufii cieiit revenue to bear the current expenses of the year, upon this fund there does not appear to this body, any well grounded objection to thq gov orn iaent s issuing IVcasuty notes limited *by iaw to tiie amount in the ’Ureasury, rcJeeuiable on demand, at as many pohiisof redemption as the commerce of the country may require. The , upon funds actually in fife dVe.ic’ii-v, \vj;ul I "form a safe and wholesome medium of circulation and remittance, as the means of pay men*, would at all times be at hand. Therefore, 1. Resolved, That the revenue should b? com mensurate with the wants only of la * government. 2. Resolved, That the establishment of a Na tional Bank in any form is unconstitutional. 3. Resolved, That had Con gross Ahe power to charter a Bank of the United Stales, the exorcise of such power would be highly inexpedient, im politic and dangerous, as its great capital and con sequent credit could not fail to give it a control ling influence over all olaciyman:e 1 institutions, by which it w mid control the commerce as well jus the politics of tbo country, thereby destroying both the freedom of trade and freedom of opinion. 4-. Resol ed. That the basons of experience has taught us the utter inexpediency of permitting the public funds to be controlled by the local institu -s-Oaiu of depositing in then cither upon gortmralMft wU saqjc. fetid contrary to sound-p-diey; as well oi* hecount of the paTlialiry and in grant* inj tire use of the government money to these cdtp iraltthgi from the poliiical iaduea v which a a not’jeJiirily have ov.r all coniiwlt-J I -witli IJilSn. an 1 toPprevent a ro.-urw.-nc3 oi' llic.-o cliecfii aiid-othor II is indispsnsil le lh.U an entujjMisPonnivlion' or total divorce* of tho tJovorma?nt from all O.tak.i should lie- trie osta'i lislied- and "permanc.-nt po’.iay oi' l!:o A;n?rican .. pcopl-. 3. liesohed, That tha principles of the inde pandont TreaiUry or Sub-Troa any system, is in ■trialconformity with tlu- requisitions of the Con- Btltution and the practice of t'.ia g ivcrninAjt for many years. 6. liisuhej. That the'gavcrnnicnt can tolU-ac, keep, and disbuns itsTevciiue in no way so per- : I'cctly free from partiality, fno.i.cistn, or upp.vj sion, as thfoujh tha aqco y oi ih, own o.tiros ap pointed for the purpose. 7. UiFultiif-trlher, For tha convenience of the good people of the United States that it is proper for the. gurernment to is-tua treasury notes or checks limited by law to tha extant of tha revenue i on hand, radcema'olo on demand at all the conve nient points of the Uni on in proprnion to the —VSWW wveawiiti ilt.snej, n'.. ‘ 8. /’‘ if Tha, U is ttls i ot‘TtitS 1 f Le qisltUuro that t;ie u;Us * of. tiia specie payitiq . Osmtarat ptr where tlia jyvcauc ia oo'l -at ad, should ha receivable us the public treasury, the Banks issuing the came to be subject to s;:ah settlement at maybe ordered J,y the ia-.v that organizes the independent Treasury system. 7.Jr. Alexander’s Rrsoiatians. . Whereas, tha people of Georgia are deeply in terested in the subject of the monetary concerns ot the National txovernnijpt, and tn treespaeialiy . in the mode ot coU^-rlmy,krr.iiit r. p.riildiooi’.rri!!-; tha public revenues (if |js.u it be comes tha rsprcsMjCtives of tile people to give such ah expressrort of opinion on tip- subject, at may be best calculated to promote the interests of those .55»*»thfc> represent. Ap J t'ho goverivnent of tha Unhe.l State!, if oh' of limned au i enu-ncratad powers, ; and tha power to incorporal.- a notional bank, is | not one oi those which are enumerated in the constitution; and apart i'ro n . the constitutional j ini -oinpoten oy of Cj.ij.tta Wcharter su.-h an in- 1 stitution, experiehao has demo'.iotratetl that it is not of paramount imparlance or necessity, J u supplyinglisanl wants' of tho goverainsat, jtnd that hi its iuduonee, it is Ofthe and the lib- 1 And vyho.-.-.i, t ie system of m iking the State - batiks depositories of tic public revenue, has slj *V failed- and in its failure has produced ineal ‘ eutable misetuef. both to tile government and the people, and cannot ho again resorted to, without t' dtsreg irding tito m ost impressive a hilonitions of exponent?,aoj placing in*.parity die most im- ; po.taot interests oUthe country, ~y ' J i. r»-.-.5. 3n1 - . -otisttL’-i-nal and .Stab; in-.-d,- of totnlneling the lineal .qtesatious ol tiie goveninj-. nt, is to dispen.-a with llic iiitcnued-ate agencies of banks, and to dimmis.-* the control w in h tile exeet-tive i.eed e tei" i.-e-i over the pub lie Ir. as ary. And witcraa.s, the government does not possess tlieipower of converting its exchequer ituo a bank, or of cxerei-ing a: y ot the junctions per taining alone to banking; B: \'{ re oi. ed h j Vue *V ena 'e and House of rrjc:\taflrcs < f (f Gccrrna, in Genera/ .1-• ::e:rihl:j in •. i - 0.2 c! it is h crc bjj resolu dby the ait l.'ior ly if H.era:.-ze. That a bank of the United States is nncoi»stitn*jon 111 inexpedient, subversive of tha rirlils of the States, and dangerous to the interests of the South, and that our Senators in Congress be instructed, and our Representatives be iw-quested to oppose, by all proper means, the iucorjluration of such an hiStilulion. Ht-itfurther rcsdlcid by the authority afore .a d, Tiiut the system ot making the Stare banks general dt positoiies 01 the public* revenae,adopted !»y the lasi, iincl ab uulancd by. the present admin istration of the general government, tends to in crease executive patronage, and is calculated, by stimulating a a injudicious expansion oi bank i - sues, and thereby iilliixg the channels of circula tion with an uu>iunJ currency, to bring I ank mj)tcy and common ial ruin couatiy. Be it f :rther rendv.d. That a coliccl in keeping, and disbursing the public revenue, which has for its ol j.ct the gradual,, but entire and ultimate disusaof banl.s as fiscal agents oi th a Govern nut. is a measure calculated to dimin ish t.ic monied inilue.icc of the Federal Govern ment, and promote the commercial interest of the Pjuth. Belt f irtli r received, That the General Gov ernment has no cor.siituliona! power to create a tipper curren. v, based merely upon the credit ol the Government; and that tiie policy adopted by Congress, and sanctioned by the present ad uinis tralion, of issuing 'JVcasury notes, based on no i-ctu.d d-po dies, t J -upj>ly aV.dicit in the revenues, is on onititutiomd, inexpedient, repugnant to tbc spirit o1 ? and dangeritriT 1 lioertic.i of '4lc people. Be t fir. iter rcfj’o d, That the executive pow ers of tiie G.r-eminent shoul?T be so rc-acljlisted and portioned ;.s to separate the purse fcgtft* the sword, or the money fro.ll the military power cf the Govern merit, by making the Secretary of the Treasury dependent for bis appointment and re in oval upon the Fcn.itCj instead of the President of the United States. JJj U further rtiolvcd <v?., That a copy ofthe foregoing preamble and resolu'ions be forwarded by the (l o vcrnor of this State to each of our Sena tors and ivcprcs. ntal’vt s in Congre; *. A KILL, To be enthlcd, An Act to encourage a direct Ex jiori mvd Import Trade witli For. igil countries, and to autliorisc the formation of Joint Stock* t’omp inies lor the purpose of dealing in For eign and Domestic Merchandise and Produce. Si c. 1. Be it enacted by the Senate and Ho 10 cif Its pres-'tut ires of the State of Geor gia in Gf.nrej! A v -‘cnihly met, and it is hereby etiaeU d by the authority of the same. That from and after ihc passage of this act, it shall and may he lawful for any number of the citizens of this- Siile to form joint stock companies for the pur po-3 of dealing in foreign merchandise, and do mestic produce and manufactures, and for import ing from, and exporting to any foreign State or country any part thereof, subject to the conditions and liabilities hereinafter prescribed. Sue. 2. And be it firt her enacted by the au thority nfjr.s ltd. That no joint slot k* company shall b? formed under the provisions of this act, whose capital shall be less than dollars, which shall he divided into shares of hun dred dollars each. fc>*;c. 3. An I be if farther enacted by ihe au thority a fores aid, Tliat all persons who shall be come shareholders in any such joint stock com pany, shall be, and they are hereby created, and const it uled a corporat ion and body politic, by such n une and sryle as tiie constitution and by laws of any and every such company may desig nate and appoint, r n -1 y such name, when estab lished and duly recorded as heieinaftcr prescribed, shall bn, and they are hereby made capable in law to have, hold, purchase, receive, possess, enjoy, . lind retain, to them and their successors or assigns, lands, rents, and hereditaments, goods, chattels, and effects kind, d 5 he sued, plead and be impleaded, answer and be answered, defend and.be defended in Courts of Record, or any other jilacC whatsoever ; and also, to ma'.r-q use. and have a common seal, and the some th break, idler, or renew at their pleasure; and also to ordain and establish, an 1 put in exe cution such constitution and by-laws, rules and regulations, as they may deem necessary and convenient for the government of such company: Provided, that such byc-laws, rules and regula tions, be not contrary to the Constitution and laws of this State, orot the United States; And Pruv d d also, that the real estate which it shall be lawful for any such company to hold, shall be only such as may be necessary for their accom modation in relation to the convenient transaction of their business, and such as shall have been bona fide mortgaged to them as security, or con veyed to them in satisfaction of debts previously contracted in the course of their dealing, or pur chased at sales upon judgments which shall have been obtained for such debts. fi-up. a. A ti ,d LsU further enacted hit the au fnorth/ i.J r : a </. Th.it no conTpJnv rpWd dcr the provisions of Hhis act, shall commence bu siness until ‘ per centum of the capital thereof h is actually been paid in to said company in cash, by each stockholder, in proportion to the number of shares lie or they in ly hold and the remainder thereof secured for the belief t of the creditors of such company, by bond and mortgage upon real estate t o the full value of any sum so not a lually paid in, in cash. S 5. And h“ it further enacted by the au thoritj/ofjr&aid. That the stockholders at any meeting of such company, or tho officers appointed to condu *t their bu fines.;, shall have power to call for a further payment upon said slock at any time, up >ll giving sixty days notice in the gazettes of the city where the business of said company may be I • ’a c !. tf::;*. 0. And be it further enacted by the au taurify aforesaid, That upon the formation of any company under the provisions of this act, the stockholders thereof shall individually make out. j by themselves, or by attorney in fact, a certificate j which shall contain— j 1. The name, stylo, or firm of said company, 1 nn 1 tho amount of ilie capital thereof. 2. Tie? names and residences 1 of all the stock i holders in the sime, and the amount of stock held ' t’.v' c U'l! Ui- «W Wflr nmwn* W 4»y - ou-h, aaJ tin; srifcoum secured by caSy, by :o to s uJ company. 3. Tho psjpitf.l at which slid company intend c->;iimoaeinjf and tha pariod at which ■r shall torrainia, and whan made by attorney iu net, 11-a po-.vju- of attorney duly authenticated* shall ntcfunpany said ocrtidcata. ,1 ul h it farther enacted iy the aitthy rlhf as .-re "9 : d. That tho sai l-certificates sliaj fee a. ki'ou kdyad mtbc several persons signing'll same, or (heir ut%rncy i;a fact, before a the Supjjiaf.otWnferior Gonrt, Justice of the IV ico. or Shblic, wijg shall duly cortily the same. ig •£»''* fire. S. Ito tkUfyilir!hcAftgetecld)i/ the (lu-‘ f/ini-it:/ nfireta 'dST ii tijUio certificates -and pow ers of attorney ’W&" so a lcnow'edqcd and cer tified, I'yy *vfr wqth a of the constitnitton.of : such company, shall bo filed In tha ol i Clerk of the Superior Cotyt of in 1 which the principal place of luisiiteks of such, | company, sliall he. situated, and shq'l also be re-^ . corded by him at largu in a book •m*.e kept fort that purpose, opcu*to public inspecting* £ and if aaiy of su* h company sUhM have busi ness in difleioiit counties, a transcript cf flic said .record duly certified by the clerk in whose ofiice it sliKll. official seal, 1 * ha!l ho manner in the olli?o or the Court in every &n*‘h county; and the clerk, for each and every required by this act, shall be entitled to the igkim ot five .dollars; add a certified copy of such of attorney and affidavits, shall 03 evidence in all courts and places what soever. " &st. 9. And he if further cna:ted by the au thority aforesaid, That each and every stock ll V- ill .-iffti ccii.p-i - sh'all It l.ofcnd < ompauy cud to lllv cicdiioi E ihcicoiTor the ment <4 the full amount 01 -stock held orT cm. and that no sale* or tianTcr l.skr plate miless the v.T.ot* i hereon ha\c been bona fi«icp*. id-in said company; afiidov'tof w hich, name and 1 evidence cf the pyithuser. sliajfe I mare by the principal officer of Vrid comply, ii ;nd tiled with the other records in the CsA’g 1 office of the Superior Court as aforesaid. I l 8,; \ 10. A:idhe it further enacted 1} fie t authority vftresad, That the stockhol lesI; as any company formed by authority gs tins act, * shall have power to elect such temporary olftsrs t as they may deem necessary for carrying «i? 1 same into effect, and to regulate and i comjiensation to be paid to the i hold I heir point menu I Pushtu- - lion and by-laws for t!ic government of inch company are established, and regular appoint- ! incuts made under the provisions thereof. Sec. 1 1* And he it further enaciect by the au- : fh'jri(y aforesaid , That dividends of the profits of sfich companies may ho semi-annually de clared : Prot-idcdi-ihci a fund of ton per cent, over and above the capital actually paid in, shall be reserved by such company to meet any unex pected loss they might sustain before such divi dend shall be paid in. Sec. 12. And be if further enacted by the authority (f /retard, That the officers appoitifipd f r conducting the business of such company, shall bo liable to account to the stockholders if tii Ar management of said business, both in law and equity. S. c. i '.j. And be if farther enacted by tie authority aforesaid, That in the event of tto failure or insolvency of any such company, all the property, real, personal, and mixed. an»( whatever kind and nature the same may be, atoll be immediately assigned to three or more proper persons fur the benefit of the creditors of »F company, and the said assignees shall proceedin' '- m dispose of the same, and to pay the debts of the , said company, and should ti’.e same' be cicut to discharge fife debts.mid compiniy, then and in that case, they shall pay! each creditor in like proportion, and if there id a surplus, they shall pay the same in like pro? ol li m to the stockholders of said company: Pro* tided , that the said assignees, before taking poj session of said properly, shall give bond and se*| curity to said company, in an amount equal to? the amount of property so put into their hands! for the faithful discharge of their duties os as-j sign cos, and the said assignees shall be allowed out of the proceeds, such compensation as shall be reasonable and just. SSzv. 14. And be it further enacted-, That 0!! companies formed under and by virtue of this 1 act, may continue business under the same for the term of years, from the commence ment of said business, and no longer: Pro? i!.d,\ that nothing herein contained, shall be so con strued- as to.prevent such companies from using their corporate name after the expiration of the lime aforesaid, for the purpose of settling up their »said business. A llii!. To he entitled, An act to aid in the conslru lion of .Railroads in this Slate, and for oilier purpo ses connected therewith. X. Be d emitted by the Senate and Home cfj; presentafire* of the tstuie ts (Ji orgiu, in General Assembly met, and d is hereby enact id by the authority if the same. That for the pur pose of carrying uift the system of Internal Im provement, by Railroads, in this State, as now provided for by law, at the earliest possible day, tiu Commissioners of the State Railroad shall, conjointly with the Governor of this Stale, li ora time t ) time, and in such sums as to them shall seem most expedient, sell or dispose of stock, hereby created on the credit of the Stale, bearing an interest of not more than si x per centum, per annum ; scrip for which stock shall be issued and signed by the Governor and the President, for the time being of said Board of Commission ers ; and the said stock shall not be redeemable in less time than thirty years after it is issued, and the interest thereon shall be provided lor as here inafter pointed dut. Sec. 2. A.id hz it further enacted by the au thority aforesaid, Ihat-I&^thc purpose of has tening the completion of the jQjffiwiHlj mow in the pr<Egrgß&i>f ruction, by ovor- the Governor, snail ' lend to said companies, out of the funds hemn di rected to be raised, from time to time, a 3 the said companies shall progress in the construction ol their works, such sums as shall be equal to one half of the sums actually paid up, and in good tailh expended on the works aforesaid by the in dividual sto kholders: which loans so made by the State, shall bo expended by the companies re ceiving the same, on the works undertaken by them ; and the same being so expended, the indi vidual stockholders shall proceed to pay up and expend, as aforesaid, a further portion of their capital; after which, on the proper exhibit being made, the Commissioners and Governor shall loan to said companies a further amount, eijual to one half of the second payment and expenditure by the stockholders ; and soon to the completion of the work : Provided, that no loan shall be made to any company until the stockholdcis thereof shall have actually paid up. and in good faith expended, as aforesaid, twenty-live percent, of their stock subscribed ; which said sums, so paid up and ex pended, shall be made appear to the Commk-sion rm " ml -*■ the, report, mad th under oath, pi the President, Chief Engineer, and Cashier* or Treasurer, as the case may be, of sa'.d companies respectively. Sec. 3. And be d further enact'd by the au thority cf,resa d , That the companies aforesaid shall execute their obligation to pay into the Cen tral Bank, or Treasury of the rotate, annually, in terest on llie sums so lent to them, together with their proportion oi the expenses that may occur in t .c sale 05 the Plate’s sto; k hereby created ; which interest shall be at the same rate as* that which the State shall engage to pay on the stock created by the first scTipu of this act; and on the failure, by any company, to pay such interest, at the time, and in the manner provided lor in the said obligation, such company shall be thereafter de nied any further loan, and shall be required forth with to pay up all loans previously granted by vir tue of this act. Sac. 1. And be it further enacted by the au thority ufiTCcaid, That when the scrip lor the ! stock hereby created shalWwfcomc due, the compa nies to whom loans are granted, as aforesaid, shall ' refund to the State, the wlAlc of the pritigjpal loaned to be, by the State, applied to ’ the redemption of the State’s scrip joshed under this act; and for the indet|piffi of the State 7 JlTfaYfisC ill possible lossffwlietnßr afTslngJftmi do-' fault in the payment of interest as aforesaid, or the payment of principal, as required by the third (3d) section ofilhsgbet, or the ultimate redemption of tiie said scrip, lha companies aforesaid shall k execute toiho State a mortgage on all their eofpo-' rate property in the Railroads or JloaAstrbijsti ac ted, by them ; machinery, locomotives and cars, lands, warehouses, offices, depots, machine shops and distiibularies' owned by them. , ■ Sec. fi. And be it further .enacted by the author'd}] aforesaid. That cn failure cr■Mcglcct of any company to pay the interest., or'principal to the State, as provided for in this idtt, the entire property, real and personal, of such company, mortgaged as aforesaid* shall be forfeited to, -and shall vest absolutely In the Stats; and no force 10, , sure of such moitgagb shall be necessary ; but it sh'ill be lawful for His Excellency the Governor, for the time being, to appoint stub agents as may be necessary to take.possession of the road-and t, properly so forfeited, wherever to be found, and j usb tlie same for the benefit of the Stale, until oth erwise provided lor by tiie General Assembly ; and all persons who may, in any wise, hinder or prevent said agents from taking possession of, and using said property as aforesaid, or shall se crete the same, shafr’fie guilty of a misdemeanor, and on indictment and cciivitjiioii, shall be and imprisoned in the common jail of the county at the discretion of the court. ‘ Se(.v& And be it fur,her enacted by the cm-, thoriiy aforesaid, That if any of the companic3 i aforesaid, should prefer, that, instead of a lean by' tiie State to them, 011 the terms herein prescribed,t the State should aid them by a subscription to their stock, then such subscription shall be made to such slock, by the commissioners and Govern. 4 Hteiccakl, cn the part of the State, on lha terms, the rules, regulations and restrictions to wit— Hi.d. Tin?, nutpber of shares which the ■ shall Eubßcrihdl'«ut v .thail bo equal to the* of she res suhsenbed by the individual ProvtdL.fi• That the fctale shall net be required to for any part oi such stock' until one half ol the whole stocky prescribed in the charter of such company, shall have been ac tually subscribed for by individuals ; or corpora tions. Rule 11. When the stock of any company is already filled up by the subscriptions of individu al stockholders, and ihcir Railroad or Roads arc not completed, the capita! stock of such company is hereby authorized to be enlarged so as to allow become a stockholder to llic amount herein prescribed. *■ Rule 111. ATo payment on the shares so sub s ribed I y the State shall he made, until twenty five per cent, of the stock subscribed by individu als shall have been actually paid up, and in good fiithexpended by them, on the Railroad or Roads authorized to be constructed by their charters re spectively ; —which' payment and expenditures biing made appear, fTc rotate shall pay up twen ty-live per cent, on her subscription; —alter the expenditure of whwh on the works aforesaid, and the further payment and expenditure, in like man ner, of twenty-five per cent, by the individual stotkholdersjtbe State shall pay twenty live per cent, more her subscription; and so on until all the stocj£»o subscribed shall be paid up : which said payments and expenditures shall be mjulc . appear id the manner jointed out in the second (2) section of this act. Rule IV. The state sjjgll, at all elections of directors and officers of the companies in which slicing become a sloe: holder .by vuiue of Uiis act, and on all qucstioi s coining before the holders in convection, for their decision, voB- cn her slbck, in the same manner as individual slock hoklers are, by tiieir several charters, entitled to •Vote; and the vote of the States shall be cast, in all cases, by the President ol the Board qf Com ■missioh&g# aforesaid iii person, or l y proxy. Hu eV. The companies preferring the sub scription by the 14tale to their stock, shall, before any payment shall be made by the State on her subscription, execute their obligation to pay inta* the Central Bank, cr Treasury of the State, an nually-, on the sums paidFcn her stock subscribed as aforesaid, interest at the same rate as that w Inch the State shall contra t to pay on her stock crea ted and sold by virtue of this act, together with the due proportion of the expenses incurred By the Si: to in the sale of said stock, until the road .shall yield a profit equal to said interest. Rule AI. Upon the fa Jure .of any company »to pj ; y the in crest required to I e paid by the tilth Rule, all fa ther payments by the State, on the «to. k subscribed by her in such company shall 1 thcrciq on cease, and such company shall forth with refund to the elate all payments that may have been made cn her subscription, so that she inay no finger be a stockholder in such company. Role \ ii. To secure the State against all possible loss, whether from the neglect or omission of such company to pay said interest, or to refund 9 the State the amount of her payments on her iUHcriplion, as required Ivy the preceding Rule, >ucli company shall execute to the Stare, a mort- Jhgcon their corporate property, as prescribed in :fcc fourth ticciion of this act; and the proceedings m such mortgage f* r default in payment of in iere- t, or in refunding the State’s subscription, vhon thereto requited, shall fie according to the provisions of the fifth Section of this act. Sec. 7. And be it further enacted by the au thority as re: aid 'I hat the fund arising from the hitesist on said loans to companies, and on stock in said companie s subscribed for by the fc'latc, shall be, and the same is hereby set apart and ap- j preprinted to the payment of the interest 011 her scrip, authorized by this act to be issued. Sec. g. And be it further enacted by the au thoriiy ejorciaid, That the companies aforesaid shall hayp the full hem fit of any premium that may be received by the sale 0!’ her stock hereby create J; and such premium shall be passed to the credit o?’ said companies, on interest account, in p < portion to the interest they may engage to pay to the State under the provisions of this act. Sec. 11. And belt fTirther enacted by the an thoriiy kforcsu d, That all provisions in existing charter* heretofore grantedjjv j lhc General As «■' • 1- U&’.J thi s is arte. ip to TsSSSft TUfill?AY MORNING, NOVEMBER 27. We publi.‘ h in to-day’s paper two sets of reso lutions introduced into the Legislature of Geor gia, one by Col. John If. Howard, a representa tive from Muscogee county, and the other by Mr. Alexander, the Senator from Meriwether county.. •These resolutions would have been publishcdlcarlicr, but for the absence of the Editor from the {city during the past week, as it was dcemc l probable that lie would desire to accom pany them with some remarks. Col. Howard, and Ms. Alexander, are both prominent members of the State Ri hts party. Thl resolutions of Col. Howard, maintain sub stanially the following positions: Ist. That there ought to be-a total disconnec tion of Government from all banks. 2d. That a National Bank in every shape is in icon emu lion al, inexpedient and dangerous. 3J. That TrciiawyiiotvS should be issued as the permanent policy of the country, and lor the 1 purpose cf collecting and disbursing the public revemes, and to create a National currency. 1 4it. That iho notes of specie paying banks L ougiit to bo received in payment for Government | due-—thus eschewing the specie feature of the , Sui-Trcasury. , T.;c resolutions of Mr. Alexander, maintain | 'ti S iijjt the same language, the two first positions ofC j1- Howard s, 'l’hoy say nothing iu relation to . th| description of currency ia which the revenues • o!|£te Government should be collected. They coiiiemn the issue of Treasury notes as ‘-uu . coktitutional, inexpedient and repugnant to the - epfct of our Government. They also recom 1 mfel that the power to appoint and remove the | Sfbtiiry of the Treasury, should be taken from r keif.es,dent and vested in the Senate. ; firing thus briefly main positions - ■Offcese resolutions, we shaH- to-morrow, oonir I nifs upon them at length. Mississippi U. S. Senator. |t appears from the Mississippi papers, that . Tfflaaas H. WilUamo, has Uecn appointed by > Gdnrnor McXut, Senator in Congress, to fill the vnfeacy occasioned by the resignation of James . F. Trotter. The political principles of Mr. Wil liam; are not stated, but as the Governor is knoWtt to d> Loco Foeo, tiio probability is that the po liticsof the new Senator are of the 'ante cast. The number of deaths in New-York, during the vecit ending on the 17th were 129. Ol tae number there were ofi children under five years of ag«. It vas rumored in Ncw-York on the 21st, j ( bat Mr. Henry Ogden, Cashier of the Custom riousc, had been, or was to be removed, in con sconej) ~ of his connexion with tne affairs of the ■Ae c■;! ■ 'tor, Air. Swartwout. Mr. Ogden had ,b-’!d tie oifice of Cas’iicrcvcr since Air. Swar:- wOuL wjs appointed, and must have had a belter know lb rge of the condition of the. money rnat jfrs jliaiiany otiicr person. The Arkansas Legislature convened on the Oih ksbat thc scat of government. JCol. Mark Hard •is elected President of the Senate, and Col. Gil -st:t Marshall, Speaker of the House. Vw/ Canada War. T!u follo-Aiiig io the British vVVsicm of the finale of tlic Prciuott afifair. It seems the Patriots ::urrcnJcieil an-J were taken prisoners, and were not hutehcrcd as was supposed by those who v. itircsscd the ba'.llj from th; American side cf the river. The statement of Col. Dundastliat the loyalists lost but one man, is hardly^rpdita u*- * Pur.scoTT, Xov, IG, IS3B. ir —l have the honor to acquaint you, for the information of his Excellency the Commander oi the Forces, that I came down here yesterday from Kingston, v. ith 4 companies of the 83d licgiracnt, two IS pounders and a howitzer, and made up from the town to a position about 400 yards from the windmills, and adjoining houses occupied by the brigands. They did not move or come out of the houses to oppose my advance. The ISjxmndcrs opened with good clfcct upon the stone building near the mill. Capt. Sandon with two gun boats, in w hich lie carried two 18 pounders, took up a position below the windmill, which he commanded, but not with much effect. After cannonading these buildings for An hour or rather more, and observ ing the brigands to be quilting them and endeav oring to escape, I ordered the troops to advance ; very little resistance was offered by the party oc cupying the windmill, but a small lire was opposed to us from the adjoining stone building. It, being dark bo for the troops got around these and the brigands in the windmill hav ing displayed a w hite Hag, they w ere summoned to surrender themselves unconditionally, which they did. Eighty six prisoners were immediate ly secured, and 16 others, who were wounded, were removed from the mill as soon as conven ience could be found—-a large supply oi arms, 26 powder mid three pieces ol ordnance fell into our hand?:. Some of the brigands effected' their escape from the buildings when darkness came cn. and hid themselves in the brush wood on the bank under the mill. I directed the militia to si out this bank, and several prisoners w'ere secured, among others a Pole calling himself Gen. \an Sault, .. who, it is understood, was the principal leader. « **A 11 buildings adjoining the mill we destroyed, but the latter I directed to be occupied by a company .of Militia, ami propose that it should continue to be so, or entirely demolished. lam happy to say the service was performed wi*.li the loss of one man only of the 83d Kcg’t. I have the honour to remain, sir, Your most obedient servant. H. DUNDAS, Lieut. Col. 83d Reg’t. Commandant. Capt. Goldie, A. L>. (J., Montreal. The Court Martial, for the purpose of trying the rebels and brigands, commence its sittings this day. It consists of seven field officers, and seven captains, all oi the line, with Major General Cli therow as President. Captain Muller, of the Royal Regiment has been appointed Judge Advo cate, with Mr. Solicitor General Stuart as his legal adviser. It is not expected that any thing will be done to-day, except formally constituting the Court, but the real business will probably com mence to-morrow. Comm unicated. Certain visionary schemers arc engaged in at tempting by alternate cringing and frowning to in duce the Banks of this city to lend their aid to the managers of the Geo R. R, and Banking Compa ny at Athens by the purchase of a million of dollars of their new stork. Is it possible that the Banks of this city will second their movements or listen w ith patience to these quack logic venders—they I promise rich harvests iu an increased prosperity I* ... 1 to Augusta—are the holders of real estate in this city so intimately united in interest with the own ers of Bank stock 1 It is in same sort true that the prosperity of the Banks is , dependent upon that of our citizens—hut certainly not exclusively to the holders of real estate, are the Banks indebt . ed for their success.. If the price of real estate is en. hanccd by extending thy RadJ^gaaHuU^u^re^i- merer, but upon the enterprising merchant whose ntcrests are not in the soil, but in the (honied in stitutions of the State whore he has invested the . well earned reward of his industry. Let me not bs understood as refusing to give a helping hand to this laudable project, in ■ ; which the whole country is so much interested i but let the reins which have been dropt by the pahied hand of age be intrusted to a younger and i and abler one. Let the silver cup and rattle suf - fieo until another humbug can be “ concocted.” , My word upon it, when the Planters of the Stale i of Georgia, in whom is vested, the wealth of the State are well assured that the Kail Road project • is no longer under the direction of grown up children, but of men of capacity, the time wdl not ■ be long distant when you will find this high-mind ed population pouring in their treasure and lat i hour to advance the object of a communi- I cation between tho Ohio, and the Atlantic—they i know well enough, that it is not the Merchant. ; | but the Planter, who is benefited by an increase ! | in the facilities of transportation, of the coimuo i dittos of trade. * j If the project is con luctcd with ability—if the 1 j bantling is not nursed to death by old women I it must succeed, and the Georgia planter will have | the satisfaction of behold; tig at his own door 1 i the productions of Europe and the “far West.’’ ’ ■ then in Augusta will spring up groat wholesale ’ commercial establishments, at which the interior dealer can obtain the manufactures of Europe and supply the wants of the Planter. Then we shall require the use of all our bank capital and much more than is now established in Augusta, and when the business of the local merchant re ' quires money from the banks, he will not be told 1 that for the sake of “patriotism” we have locked up.all our funds in Rail Road Bank stock. GEORGIA. The Washington Globfe of the -2d, contains the Proclamation from the President, which has been called forth by this recent renewal of hos tilifics in the Provinces of Canada. Byjfic President of the United States ofAmerica. A PROCLAMATION. Whereas, there is too much reason to believe that citizens of the United Shales, in disregard of the solemn warning heretofore given to them by the proclamations issued by the Executive of the General Government, and by some of the Govern ors of the States, have combined to disturb the peace of the dominions of a neighboringand friend ly nation: And whereas information has been given to me, derived from official and other sour ces, that many citizens in different parts of the United States are associated, or associating, for the same purpose: And whereas, disturbances have actually broken out anew in different parts olthe two Canadas: And whereas, a hostile in vasion has been made by citizens of the United 1 Stales, in conjunction which Canadians and odi- ! ers, who, after forcibly seizing upon the property 1 of their peaceful neighbor for the purpose of effect ing their unlawful designs, are now in arms against i the authorities of Canada, in perfect disregard of I their own obligations as American citizens, and i of the obligations of the Government of their < country to foreign nations: Now, therefore, I have thought it necessary t and proper to issue this proclamation, calling up- t oa every citizen of the United Slates neither to give countenance nor encouragement of any kind to those who have thus forfeited their claim to the i ’ prouitfoii t*r ttuir'jcuutry ; upcil thoac misgui ded or deluded perjaus who arc engaged in them to abandon projects dangerous to llieirowu coun- try, fatal to t .o -o whom they profess a desire to relieve, imprac’i. Able of execution without foreign i aid, wlrieh ib»F cannot rationally expect to oh- j tain, and giving rise to imputations (however unfounded) upon the honor and good faith of their own Government; upon every officer, j civil and military, and upon every citizen — ' by the veneration due by all freemen to the laws which they have a -isted to enact tar their own government —by bis regard for the honor and repute' o i ol h;s country—by bis love ol order and respect for that sarred code ol laws by which nat.cnal intercourse is regulated—to use every effort in his power to arrest lor trial and punishment every offender against the laws pro viding for the performance of our obligations to the other powers of the world. And I hereby warn all those who have engaged in these crim inal enterprises, if persisted in, that, whatever may he the condition to which they may be se duced, they must not expeetShe interference ol this Government, i|i any form, on their bchall; but will be left, repflent bed by every virtuous fel low-citizen, to be dealt with accord!ag io the policy and justice of that Government, whose dominions they have, in defiance of the known wishes and efforts of their own Government, and without the shadow of justifioation or excuse, nefaiicus'y in vaded. Given under my Kind,at the city cf Washington, the twenty-first day of November, in the year of our Lord one thousand eight hundred and thirty-eight, anti the sixty-third of the Inde pendence of the United States. M. VAN BUREN. By the President: Jon v Foasvrii, Secretary of State. WEDNESDAY MORNING, NOVEMBER 28. Fire. About 3 o’clock yesterday morning, our citi zens were alarmed by the cry of fire, which was found to proceed from a dwelling house on the corner of Washington andTcllair streets, vv.licit was entirely destroyed. The building was owned by I’. 11. Mantz. and occupied by a Mr. Broome. The fire originated from accident. Eenth Carolina Legislature. The two Houses of the General Assembly of this State, convened on the 26th. In the Senate the Hon. Patrick Noble, of Abbeville, was re elected President without opposition, and on be ing ccTiducted to the chair, returned his thanks to the Senate, in a very handsome and appropriate address, Jacob Warlcy, Esq., ol Pendleton, was also re-elected Clerk of die Senate without oppo sition. In the House of Representatives, Col. D. L. Wardlaw, of Abbeville, was re-elected Speaker, without opposition. T. W. Glover, ol Orange burg,.was also re-elected Clerk. Significant. At a meeting of the Union party hi HUledgo viilo on Friday evening last, the following rcsolu -1 lions were passed. They are significant ol seve ■ ral things. ’ Ist. That the Union party feel that as a party ’ their days are numbered—thole dominion is at an 1 end, and for tho purpose of vamping up their failing fortunes, they arc fishing with a pin-hook 1 for Stale Rights Sub-Treasury men. We retnem -5 her well how they fished for Troup Union men ! 2d. For tho purpose of mending and patching uo, the broken down administration of Van Bu ' ren, in the South, they nominate John Forsyth “as the candidate of the South for Vice Presi dent! Now if Mr. Forsyth be the candidate ol the South and of the South only, he cannot be ‘ elected ! If he is supported by .other not merely tickled, why not ndmiitSe “ candidate of the South” for President 1 The South is just as potent to elect a “ caiidldalc of jhe South” for President, os Vice-President, and therefore why not make a nomination that will do us some good 1 These Vice-President makers will hardly claim Van Duren as the “candidate of the South’’ for President. We do won der if the people of Georgia will suffer themselves to be stuff d with such chaff, and cheated with such contemptible humbuggery 1 Nominate a man for Vice-President, peculiarly as “THE candidate of the South,” to be run on the same ti ket with a Northern man for President, who must depend chiefly for his election upon North ern votes ! Mr. Forsyth, as a man and a states man, we respect, while we differ with him—but to use his name as “ the candidate 017//c South’ for Vice-President to buy up voles for Van Duren is a stratagem 100 shallow even for our coiitcn pt. From the Constitutionalist, cf yesterday. Mii.lkdukvillk, Nov, 22. At a public meeting, numerously attended by members of the Legislature and citizens of Geor gia attached to the Union Party, Held at Duiiing ton's Tavern, this evening at 7 o’clock, the lion. Joseph Hay, of Jones, was appointed Chairman and James M. Ivelly, Esq., of Houston, was ap pointed bccrctary. • • ■/ The Chairman announced to the mectingthc ob jects for which it had been called : whereupon the following. were adopted by the meeting 1. Re viv'd, That we will sustain the measure of divorce of Bank and government*;id the opinion of this meeting is, that such should he advanced and maintained in general terms, and tiic details should he left to the wisdom ,of Con gress. 2. Resolved, That this meeting nominate John Forsyth, long the representative in Congress of southern rights, and more recently the able advo cate of those rights in the Cabin et, as the candi date of the south for the Vice Presiden y of the United States; and that every citizen ol Georgia, alive to her interests, is expected to aid in the ad vancement of this her favorite son, to this distin guished office. 3. Re olved farther. That a convention to represent those in favor of the Sub-Treasury, and of a strict construction of the constitution; ou posed to a Bank of the United States, and to any candidate for the Presidency imbued with high tariff, abolition, or other latitudinarian notions of the constitution, assemble at the State House in Miiledgeville, on tho third Monday in December next, to nominate the candidate for the guberna torial chair, to be run by the party, and that the said convention shall lie composed of the members of the Legislature of these principles, together will all delegates sent by our those counties not represented in ihcir principles in the Legislature, (the timber of delegates from each county, to he c iuaUto the number of members suchgpunty is entitled to.) and these counties not ihus i dly represented, arc earnestly requested send a sulii dent number of delegates to make out a l ull representation in said convention. 4. Re oteed further, That we pledge ourselves to sustain die nomination which s haiUie m::dc by said convention, wiiether the same be or not ac- ; ceptable to us as individuals. 5. Resole d farther. That the forcing be i published in all the Union.papers in theF.* te. and : that the editors of su *h papers give to the same I as nuieli publicity as possible, by sen ng extra j copies to all the counties in the Suite. (». Resolved lastly. That th*» proceedings _of this meeting lie sign d by the Chairman, and coun ter signed by the Secretary. And the meeting adjourned. JOSEPH HAY, Chairman. JAMES M. KELLY, Secretary. The Legislature’. The Western Mail arrived so laIc'IiHhHHHB that we are unable to give details of iiigs in the Leri da’.ure. — We extract ing from the Southern Recorder. JHB The Legislature has.nothad sufiiei. nt as yet. c.i of the leading measures pi n IbriKfl hetore it, to enable us to express any opinion to what w ili ultimately be done. Several import® 8 an! subjects-Hrust now. die shortly acted tptWwt ■ Among the number, and those' of not the 1 astPi 1 iinporranee, arc the,bi!l3 increasing the banking , 1 capi’al, providing for, and devisin', means for the ■ con: true lien of works of internal improvemen’. establishing the (on tof 1 rrorg,%nd proridtng fortlie call of a calivonticn to rcdt> c the umutei of mcintxrrs in the Legislature. . < The following are the only su'ject* that have been finally acted upon, within th pas few days, | except such as arc noticed in our legislative de tails. The hill to extend relief to the sufferers by the depredations es the Indians on the borders of our" Stale, finally passed the Home on Saturday last, by about thirty majority. This bill grants a loan through the Central Bank, $ 120,000, should there be surplus funds, for the term of five years, (or less if the claims of the sufferers shall be settled .by tho Government at an earlier period,) at six per cent, interest on notes, in the usual term, with good security. The bill to increase the banking capital of the Monroe Railroad and Banking Company £170,- 000, (the amount withdrawn from banking pur poses and applied to the construction of the road) • teas lost in the House, where it originated, on Saturday, by apparently a decided majority against the measure. The Joint Select Committee, to whom was n— , ferreJ the memorial from Cass county, impu ing sinister m Hives to the Hngineor-ln-t'hief, m tho Iccrtion of the Western and Allan ic Railroad, have made a report, unanimously e: c dpating him from any censnrcin the selection ol the route I f r its locai ot. They express the In li I, that if ah the facts were known by which be has been nfucircd, If would be fully acqui re 1 by the menu ri ill- ts themselves, of any partial conduct, or want of judgment and discretion, in the dis charge of his duties. Our letters this morning, (says the Fayetteville- Observer, of the 21st Inst.) give us the gratifying information that Col. Joyner, (Whig,) is elected Speaker of the- Senate, by a vote 0f23 to 21. It appears that none of the absentees made their ap pearance on yesterday morning, but that Col. Carson, who had voted for Wilson on Monday; changed his vote and elected Joyner. The Kingston U. C. Chronicle states that in the affair with the “patriots” near Prescott, Lieut. Johnson, of the 83d regiment, Lieut. Dulnagc o f the Greenville militia, i privates,' and 3 women were killed. Lieut. Col. Gowan, Capt. Goo Me Donald, Lieut. Parker, sergeant Clarke, and more than 40 privates, were wounded. Twenty-six “patriots” were taken prisoners, ■ and lodged in the fort at Kingston. Encke’s Comet has been seen by an astrono mer at New Haven. Professor Smith, of the Wesleyan University at Middletown, Com, has also announced that he lias seen I*. I . , r The President has recognized John C. Lang, ; as Consul of P nssia for the port of Philadelphia , Firs on Ship Hoard. The Wilmington Advertiser of the 23d instant , 5 says:—“The schooner St. Cloud, of Prospect. J " Maine, A. Sweetser, master, loading at this port A 1 - with timber and new turpentine, for New York,!. caught ike in her cabin from the stove, on the 1 i’lii* tire v.-.is not ux l : ll gUigur(Jflijptxl ' completely v Great praise i s '* iho Steamer North C Airrougfe small engine under the tesscl’s stem and upon the fire with great success, through the cah« u 33| s window.” /J From the Albany Argus Nee. 22. Capture of “Hill Johnson’* the Buccaneer S of the Lake. 1 From a letter to his excellency Gov. Morey: da- ’ u ted, Ogi xnsburgh, Rut either IS. 2 “William Johnson was yesterday arrested by Charles T. Bunvell and A. 15. James, about three c niiles above Ogdenshurgh. He was traced and 0 touml in the woods by Mr. B. and driven from . nis covert towards a bay in the river St. Lawrence, where his son lay in waiting for him with a row • boat, ready to convey him ay. Mr. James,how -1 ever, had got young Johnson ashore, taking pos session of his boat, and secured his oars so as not to allow a chance of escape. Old ‘Dili* rushed down to the river, closely pursued by Harwell, ■ where he was met by James. He called aloud, ‘my boat!’ *my boa*. !‘ He was ordered by Mr* J. to surrender, but he declared ho would never do . so while alive. He had a pistol in each hand and swore that lie would sooner die than be taken, and threatened to shoot the first man that approached him. James and Bunveil attempted to seize him, j and took hold of him several times, but he broke from them and retreated. “ills son advised him to flee to the woods, he would help him away if in his power, but that his Q boat and oars had been taken from him, and he r had no means of giving him assistance. Johnson then attempted to escape to the woods, hut was prevented; and when he saw there was no chance ' ©.‘escape, he came to a halt and offered to sin ren der, if his pursuers would allow his son to have his arms. They replied that they did not seek his arms, but his person. After a parley, consid erable delay, and a vast deal ol threatening, he i gave to his son a Cochran rifle (1- discharges,) f and two large rifle pistols, and then started with 15. * and J. for Ogdenshurgh. still, however, retaipuxg -two small pistols and a large Howie knilc,but wluel* 5 in the course of ali w minutes he gave to his son, , They had proceeded about one third ol a mile, ■ when they were met by a file ol L. b. soldiers, a ■ deputy sheriff from Jefferson, and a deputy I . S. marshal, to whom Johnson was deJiverd and > conducted on hoard (He steamboat mH • employ 1 of the government, under Col. W orlh. J hence, . as will he seen by from Oswego, back etts Harbor, Ae. ho was conveyed to prison ia i. Jefferson county • 1 H irrm Mien in, —The Bulletin of Grenada ■ MissGsfopi. date! l t!lc Btl ‘ “ ,st - narrates the par ’ ticul lrs h a 1 ' 100,, - v tra S«ly roccntl >' acte.l in our . . ‘ The circumstances were as follows: i a h ,' u iter of Warren county, Mr. Gideon Gibson A- time since a traet of land on Yazoo, to ?();('- S‘llll- , . ~ ... . r with some fitly negroes, on a long credit, v.il'.in and Simpson, with an agreement on ; ili'e part of Wilson and Simpson, to give Gibson tile proceeds of their crops annually, in liquidation j 0 jj 10 debt, and a lien on the whole property* as j |.„,, r i;v and Gibson agreeing to furnish them with open land to cultivate for a few years, until j they could by degrees get a plantation open on | their own laftd. For this purpose Gibson rented the plantation lof tlie Hon. Franklin E. Blumer. Finally, some _ I misunderstanding arose between tho parties, Gib | son demanded to have the contract rescinded.— ! Vo this Simpson agreed, hut Wilson refused to giveupthe properly, flu Friday, the 2il instant : J.ih.-on, ISimpson. Clarke. Monison mid Boytt, went on to the premises and took oil the negroes by force. Wilson was in his ov.n house aimed waha liflo ml a double barrelled gun. As they passed tho house he fired upon them killing Mor rison dead and severely wounding boytt; the com pany rode on with the'negroes, leavin Morrison’s ~ body on the ground. \V dsou to-loaded, cut hITR ! ;