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THE INTERNATIONAL EXPOSI
TION AT ATLANTA.
A brief allusion to some of the main
features of the coming Exposition will
be of interest to all. It is gratifying to
know that the financial basis is solid,
and that the applications for space
already run into the thousands. Ex
hibitors, are anxious for a chance to
exhibit their wares to the multitude
which will be present in the Gate City
next fall, and the large number of val
uable prizes offered, and the very liber
al terms tendered by the management,
has given unprecedented impulse to
the desire to exhibit at this Southern
“World’s Fair.”
There is an account of some of the
attractions that will be present in the
Philadelphia Record, from which we
quote the following:
Philadelphia will have the largest
representation of any Northern city in
the International Cotton Exposition.
Prominent among the Philadelphia
firms will be the James Smith Woolen
Machinery Company, of Crown and
Race streets. A thing never before
attempted will be tried at the exhibi
tion by this company in the manufact
ure of fine cotton hosiery yarns on
woolen machinery. The Bridesburg
Manufacturing Company proposes to
manufacture on the ground its mach
ines for carding, spinning and weaving
cotton. H. W. Butterworth & Son, of
York and Cedar streets, will send a
number of drying and cloth finishing
machines to be opened at the exhibi
tion. George V. Cresson, ol Sixteenth
and Hamilton, and Hoopes & Town
send, of Twelfth and Buttonwood, will
send shafting and gearing for mills.
Goodsell & Waters, of Thirty-second
and Market streets, will exhibit wood
working machinery. A complete ex
hibit of dyewood extracts will be made
by John M. Sharpless & Co., of Front
street, and a selection of chemicals,
paints and coloring matters will be
shown by Harrison Brothers & Co., of
Gray’s Ferry; John and James Dobson
propose to send a full line of carpets;
Fiss, Banes & Erben will send yarns;
Joshua L. Baily & Co. will exhibit cot
ton yarns; Coffin, Altemus & Co., cot
ton fabrics, and Richard Parsed, of
Frankford, domestic cottons. Thomas
Wood, of the Fairmount Machine
Works, will send the machinery and
his son, Wm. Wood, of Twenty-first
and Spring Garden, will furnish the
labor, and from fancy looms will turn
out ginghams and cottonades on the
premises.
At each corner of the open space in
the centre there will be an engine to
propel the machinery in all of the four
wings—the Porter-Allen high speed
engine, of this city; the Hanis-Corliss,
of Providence; the Brown engine, of
Fitchburg, Mass., and the Buckeye, of
Hartford, having been selected for this
service.
The Willimantic Linen Company
will have 100 girls at work within the
exhibition buildings, and will exhibit
every process of the manufacture of
spool cotton, from the raw bale as it
comes out of the compress to the gin
ning, carding, spinning, spooling and
ticketing of the finished work. This
company intend to give away eight
car loads of spool cotton, each spool
being placed in a sliding box, as a me
mento of the exhibition. The Clark,
Coates and Conant Thread Companies
will make similar exhibits.
Mr. Edward Atkinson, who was spe
sially delegated to that work, has just
completed a collective exhibit of all the
hand-made cotton fabrics of the world.
In addition to that, he has gathered
together what will be a complete show
ing of all the machine-made fabrics of
Europe. The National Cotton Planters’
Association, formerly the Mississippi
Valley Association, is preparing a col
lection of all the cotton fibres of the
various States, and will hold its annual
convention during the first week of
November in what is known as “Plan
ters and Farmers’ Hall,” on the exhi
bition grounds. The United States
Agricultural Society will make a col
lective exhibit of all the agricultural
products of the country. Dr. Loring,
Commissioner of Agriculture, is gath
ering all the seeds and plants of Ameri
can agriculture for the purpose of ex
hibition.
In the mountains of North Carolina
there located, about four years ago, a
Swiss colony, who applied themselves
to the raising of silk worms. The colo
nists have developed it into a great in
dustry, and now propose to exhibit a
monster cocoonery at the exhibition.
Hamilton Disston, the sawmaker, of
this city, and the head of the enter
prise which proposes to develop 15,-
000,000 acres of land in Florida, prom
ises a number of novelties. A very
large proportion of the sea-island cot
ton produced in this country is grown
in Florida. Ramie, which is admirab
ly adapted to the soil and climate of
Florida, and which more nearly resem
ble silk than any vegetable fibre, hav
ing great brilliancy, solidity and apti
tude to take delicate hues; Sisal hemp,
which was introduced into South Flor
ida from Yucatan twenty five years
ago, and jute, which matures to greater
perfection in Florida than in India,
will also be exhibited by the Florida
pioneers.
The Associated Railways of the South
are getting together an exhibition of
the woods, minerals and agricultural
products of the Piedmout Valley, and
the Atchison, Topeka and Santa Fe
Railroad Company has sent a commis
sioner to the exhibition managers to
notify them that it will send an exhibit
that will eclipse the show made by
Secular Editorials—Literature— k Domestic and Foreign Intelligence.
Kansas and Colorado at the Centen
nial Exhibition.
From abroad comes the news that
in the middle of August two steam
ships, which have been chartered for
that purpose, will sail from Liverpool
with the exhibits of the Old World,
mainly cotton machinery, in an en
deavor by the English to compete with
the mill trade of this country. This
competition promises to be the liveliest
feature of the show, especially in gin
ning, the English using the roller gin
and the Americans the saw gin, which
gins more cotton, but endangers the
fibre.
Around the exhibition building, in a
tract of twenty acres, will be planted
every variety of cotton seed in all stages
of growth, one variety from Egypt hav
ing cost the managers two hundred dol
lars in gold. It is calculated that
half a million people, outside of those
belonging to Atlanta,will visit the Ex
position, excursion parties having al
ready formed io New England and the
West.
TALLULAH.
CHARLES W. HUBNBR.
When first this rock-ribbed wild
The Indian—Nature’s child
And primal lord—
With footstep light as air
Trailing the panther’s lair,
Found aud explor'd,
And beard thy thnnd’rous roar,
And saw thy waters pour
Their fuming flood,
He, mastered by thy spell,
Called thee “The Terrible,”
And wondering stood!
Yea, terrible thou art!
As through the chasms swart
That wall thee In,
Full many a fathom deep
Thy torrents roll and leap
With deafening din;
The granite-bowldered shore,
The hills, that high and hoar
Circle thy sides,
Shake as thy waters hurl,
With many a madd’ning swirl,
Their volumed tides.
Type of the Infinite!
Os terror and of niieht!
Starting thy race
On Nature’s natal morn.
With the first planet born
To shine In space—
On earth what countless years,
From heaven what host of spheres,
Shall fade and fall
Ere Fate thy power shall chain,
And night and slier ce reign
Supreme o’er all!
Under thy beetling brow—
Flushed by the sunset’s glow,
And iris-crown’d—
Speechless I stand, and gaze
Upon thee, face to face,
From depths profound—
Away! nor linger here—
Death, darkness, woe and fear.
Shapes that are Hell’s,
Encompass me—away 1
Hark! o’er the frenzying fray
A sweet voice swells:
“Be not afraid,'’ I hear,
In accents wondrous clear,
“For it is 11”
Immediate peace is mine—
For soul and sense divine
That God is nigh 1
He s; eaketh to the soul
In roaring floods, that roll
Sheer from the sky,
As tenderly and true
As in the drops that dew
The violet’s eye;
Thy vast flood’s volum’d mass,
Yon tiny blade of grass,
And I—are one
In God’s paternal care;
Each doth Hts glory share
In part and sum.
Tallulah I mighty one!
Teacher! thy tasa is done—
My soul is fraught
With thoughts of noblest wing—
O would that I could sing
As thou hast taught!
Atlanta Female Institute.—The Annual
Aunouncement of this select institution for
the education of young ladies, has just beer
issued in very handsome form by tue Frank
lin Steam Printing House. We advise par
ents who desire for their girls a first class
modern education, to send for a copy of this
catalogue.
Mrs. J. W. Ballard, the Principal, is a dis
tinguished teacher, and her assistants m all
the departments of the Institute are teachers
of approved and well known merit. A num
ber ol prominent citizens of Atlanta have
organized a joint stock company for the
purpose of erecting a suitable building for
this school. In April last they purchased a
most desirable lot on Peachtree street, oppo
site the Executive mansion, and will, in the
course of the next few months, place thereon
the proposed building. The plans of which,
drawn by Mr. John Moser, have been care
fully prepared with reference to the health,
comfort and convenience of students. The
arrangements for heating, lighting and ven
tilation have received special ati ention.
There will be a large Music Hall and prac
ticing rooms, an Art Room supplied with all
necessary appliances. The building will be
handsomely furnished, aud will unite, in the
highest degree possible, the quiet and com
fort of home, with the advantages of a well
regulated school.
We call attention to the Misses Butler’s
school, Poughkeepsie, N. Y. They are old
Southern teachers, and we are confident that
parents will find lor their daughters not only
a fine classical school, but a home, congenial
in every way to a Southern girl’s taste and
happiness.
ATLANTA, GEORGIA, THURSDAY, AUGUST 11, 1881.
THE MAGAZINES.
—The Sanitarian for August is
promptly at hand. The first paper is
by Surgeon-General P. S. Wales, U. S.
Navy, comprising Sanitary Suggestions
for the Information and Guidance of
the Jeanette Search Expedition: a sub
ject of universal, interest, calculated
to attract the attention of, and be of
benefit to, all cruisers in cold latitudes.
The Systematic Study of Causes of Sick
ness and Death, by Henry B. Baker,
M.D., Secretary of the State Board of
Health of Michigan, is a practical
paper of great value to all physicians,
and one by which layman, too, may
greatly profit, so pluinly are the causes
of sickness and death treated of. It is
illustrated by a diagram showing the
relations of certain diseases to temper
ature and moisture; and should be read
by all persons who would know how to
keep well. A short, but very timely
paper on Yellow Fever Recognition and
Isolation, by Dr. Hargis, of Pensacola,
Fla., is worthy the attention of all port
physicians who would clearly compre
hend the importance of keeping yellow
fever at a distance. Advice to Mothers
in the Care of Infants, a translation
from the German by T. B. Corbally
M.D., is worth its weight in gold to
every mother who will carefully study
and practice the knowledge which it
inculcates. This paper is the gist of
volumes on the management of infants
and children, and alone worth many
times the cost of the annual subscrip
tion for The Sanitarian. The Editor’s
Table is full, as usual, of timely topics.
Under the tables of mortality and dis
ease statistics of the chief cities follows
an analysis, showing which are the
healthiest and which the unhealthiest
cities in the world, at most recent
dates; Current Work of the State Boards
of Health; Review of Sanitary Publica
tions, and Sanitary Miscellany.
Scribner for August, is a most
elegant and seasonable number of this
popular magazine. The richly illust
rated articles are numerous, including :
“The Isle of Peace,” by Susan Coolidge,
of Newport, a description of that
most elegant of watering places. In
“By the Sea in Normandy,” we have
by contrast a French coast resort—
Etretat, the daily life of which is light
ly chronicled by Mary G. Loring. But
in’s “The Sailor’s Wife,” delicately en
graved by Closson, forms the frontis
piece of the number, while Lepage’s
“First Communion,” engraved in his
best style by Cole, is printed without
type at the back. An out-of-the-way
spot in Louisiana, on the Gulf of
Mexico—the island of Petite Anse —is
described, under the title, “A Little
World,” by Mr. A. C. Redwood, who
also illustrates it. Mr. Farnam’s stir
ring acconnt of “Ice-Yachting on the
Hudson” is probably the most season
able paper in the number. Mr. Schu
yler’s “Peter the Great” has its usual
quota of text and pictures. It is an
nounced by the publishers that this
history will be concluded in the Oc
tober number, before the new series of
“The Century Magazine” is begun. Five
more of “Uncleßemus’” amusing fab
les of negro folk-lore complete the
“Rainy Day” which the “little boy” has
been spending with that veracious
jEsop.
The illustrated articles are also of a
kind to be welcomed by a summer
audience.
We have also the first article of Mr.
E. C. Stedman’s important series on
“Poetry in America”—a subject too
little treated by American critics. It
is part of the new work projected by
Mr. Stedman on the Poets and Poetry
of America, and treats of the relations
of the ait of versification to American
life and history.
There are other papers of interest
and fine literary quality.
—The August Popular Science Month
ly well maintains its standard of ex
cellence. The first article, by Professor
Huxley, on “The Herring,” might more
properly be entitled, “The Romance of
the Herring,” so curious and enter
taining is the story of its nature and
habits when told by a naturalist who
is at the same time a man of genius.
Those who have read and admired the
pungent papers of Dr. Oswald on
“Physical Education” have a treat be
fore them in the present article on
“Recreation.” So intelligent and im
pressive a statement of its needs, im
portance, and general neglect, and the
evils that follow from the lack of due
recreation, and so scathing and terrible
a denunciation of that asceticism in
society which still finds its religious
apologists, we have never seen. Dr.
Fairchild continues his popular physi
ological articles, and this month takes
up the subject of “The Blood and its
Circulation,’, throughout the animal
series. “The Teachings of Modern
Spectroscopy,” by Dr. Arthur Schuster
is a most able restatement of the mar
vellous results of spectroscopic dis
covery. One of the most fascinating
branches of science is here presented
with unusual freshness and force. “The
Origin and History of Life Insurance,”
byTheodoreWehle.is a remarkably lucid
and instructive introduction to this
important subject. Many writers have
tried their hand at it; but none have
succeeded like Mr. Wehle, from whom
we hope to hear again. Dr. Dyce Duck
worth has a short but very practical
article on “The Insufficient Use of
Milk” in our dietaries. There are many
valuable hints in it which all parents
should consider. “The Intelligence
of Ants” is an article by the eminent
psychologist, George J. Romanes, in
which he goes carefully over the sub
ject to determine how much may be
relied upon of what has been said of
the intellect of these remarkable little
creatures. It treats of their sense of
direction, their powers of communica
tion, their memory, recognition, emo
tions, nursing, slavery, war, keeping
pets, sleep and cleanliness, play and
leisure, and, finally, their funerals.
■‘Lunar Lore and Portraiture” isaread
able history of our knowledge of the
inoon. Mr. Francis Galton pursues
his subtile and striking researches on
images by taking up in the August
Monthly “The Visions of Sane Persons.”
The research is original, and the re
sults will attract general attention. Dr.
P. J. Higgins deals with the vital sub
ject of “Schoolroom-Ventilation”—a
subject that can never be discussed en
ough until we arrive at better practice.
Leon Malo has a good article on the
“Origin and Uses of Asphalt,” and Dr.
Byron D. Halstead, a philosophical bot
anist, takes up, “The Unit in Plant-
Life.” There is a timely and instruc
tive paper on “The Electric Storage of
Energy”; and the list of body ar
ticles is closed by a sketch of the em
inent German chemist, Professor Bun
sen. The departments are full and
varied, and the number is one of un
usual attractiveness.
—St. Nicholas, for August, easily
maintains the pre-eminence of this
publication among the children’s maga
zines of the world. It is profusly il
lustrated, and full of articles that will
amuse and interest the little ones,as well
as entertain the grown folks. Among
the seven short stories are: “From
Sandy Hook to the Lightship,” a brisk
account to the voyage of three boys in
a seine-skiff, illustrated by Granville
Perkins. “Under a Fly-wheel,” an ex
iting episode of factory life, with a
striking picture by V. Nehlig. “How
Miss Jenkins ‘Got Out of It’,” a lively
school-story. “Mark, the Dwarf,” a
a tale of Southern interest. “Cathie’s
Story,” a capital narrative of a great
event in the commonplace life of a
little farm-girl. “A boy on the Place,”
a tale of how three dear old ladies car
ed for a famished waif,” —and, “How
We Belled the Rat, and What Came of
II,” by Lizzie W. Champney, illustrat
ed by James Wells Champney, a funny
story of the remarbable effects of a
prank by village children.
College Temple. Newnan —This College
has for many years been a favorite one, and
it has enjoyed a very liberal patronage, not
only from Georgia, but from many other
States The accommodations are excellent,
and the curriculum and faculty are suer as
to merit the highest encomiums. In all
essential particulars we know of no female
school in this country that can excel it.
The President, Prof. A. S. Jones, who also
fills the chairs of Latin, Greek, Natural
Science and Mathematics, is an excellent ex-,
ecutive officer and a thorough teacher. Un
der his presidency “College Temple" will
flourish. The fall term begins the first Wed
nesday in September.
Shorter College, Rome, Georgia.—As
per advertisement, to be found in another
column, the fall term of this superb educa
tional institution will begin September 6tb,
prox. It is unexcelled by any college in the
South for its educational facilities ; fine loca
lion, elegant buildings and accomplished
facultv. For full particulars address Presi
dent R. D. Mallary, Rome, Geergia.
The name of the Memphis, Holly
Springs and Selma Railroad has been
changed to Memphis,Selma and Bruns
wick Railroad, and the capital stock
increased to three million dollars.
The Legislature will make an appro
priation of twenty thousand dollars to
rebuild the State Agricultural College
at Dahlonega.
North Carolina has voted against
Prohibition. The majority in favor of
“Whisky and Ruin” is about forty
thousand.
The bill taxing railroads in each
county passed the House in the Gene
ral Assembly of Georgia.
The President of the United States
is still in great danger from his wound.
LITERARY NOTES AND COM
MENTS.
Mr. John G. Saxe, the poet, within
the past year has lost his wife,mother,
two daughters, a favorite daughter-in
law, and a few days ago his eldest and
only remaining son. He has never
recovered from injuries received in a
railroad accident of six years ago, and
persistent ill-health and family losses
have resulted in a melancholy which
seldom lightens. The obscuration of
this bright and cheery genius is a sad
calamity, not only personally, but also
in reference to American literature,
which his genial pen for many years
adorned and illustrated.
—An illustrated paper, published in
Greek, has been brought out at Leip
sic. It is called Hesperos. The first
number contains a translation of
Goethe’s “Ipigenia in Tauris,” from
the pen of Alexander Rangabe, the
Grecian Envoy at Berlin.
—The French Academy is at log
gerheads over a fund of 10,000 francs
bequeathed by Mme. Botta, an Ameri
can lady, of which the interest is to be
awarded at stated times as a prize for
the best treatise on the “Condition of
Woman.” The time for making the
first award of this prize has now ar
rived,but Alexander Dumas and Emile
Olliviergot into a heated discussion
over the question as to whom it ought
to be given. Dumas favors Leon
Richer, a woman’s rights advocate, for
his book, entitled, “La Femme Libre,”
but Ollivier is bitterly opposed to the
woman’s rights movement. The Acad
emy adjourned without coming to any
conclusion.
—The first female student at the
University of Berlin, is an American
lady, who was introduced the other
day by Prof. Virchow at one of his
lectures. She is described as some
what above the average age of the
male students at the same University,
modestly, but neatly, dressed, and pre
possessing in appearance and demean
or. Female students have been ad
mitted for some years in the Universi
ties of Leipsic and Zurich, but at Ber
lin the question of their admission is
still undecided. The. American lady
who now attends has not made it nec
essary to decide that point, since she
is a graduate of an American medical
college, and is, therefore, entitled to
have her case regared as exceptional.
—The Macon Telegraph and Mes
senger says: Prof. Sanford, of Mercer
University, has attained a wide and
enviable reputation by his works on
mathematics. He is the author of five
different grades, four arithmetics and
one algebra. The first book written
by.him was his highest arithmetic.
This took so well, that his publishers,
Lippencott & Co., desired him to write
the entire series, and this he did. Fi
nally in response to a request from the
same gentlemen, he produced his al
gebra. All of these books have gone
into general use in Geergia, South and
North Carolina and Alabama, and are
extensively used in the other Southern
States. The works are all analytical,
and the outgrowth of Prof. Sanford’s
lifetime experience in teaching. For
ty-two thousand volumes of these books
were sold last year. A few days since
the author received a remittance of
$2,400 from the publishers; this in ad
dition to others. We take pleasure in
chronicling the success of so deserving
a writer residing in our midst. It is
seldom that a scholar’s worth is so
promptly rewarded financially.
—Hon. Alexander H. Stephens is
busily engaged in the preparation of
a new book, which is to be published
this summer, if possible. The “Great
Commoner’s” volume will be looked
for with great pleasure and deep inter
est by the people.
—A new drama by L. Dietrichson,
an historical writer of Sweden, entitled
“George Stephenson,” has at least the
merit of timeliness. It turns upon the
struggle and the triumph of the fa
mous inventor, and satirizes the stu
pidity of the men who blockei his
path so long with their ignorant
doubts.
—Archbishop Hare believed that
unconsciousness of its ability is an ele
ment of genius in its purity, and that
unconsciousness belongs to its essence.
From this argument we dissent, be
lieving that when a god is within us,
we cannot help feeling him when he
stirs.
—Valdosta Timet: The popular At
lanta authoress, Mrs. Mary E. Bryan,
formerly connected with the Sunny
South, has lately sold a serial novel to
the New York Weekly for the hand
some sum of six hundred dollars. Her
new novel, “Wild Work,” is now iu
the press of the Appletons.
GEORGIA NEWS.
—lt has been made a penal offence to point
fire arms at another.
—Mr. George I. Seney, of New York, has
again given fifty thousand dollars to Emory
College.
—During the present summer the ther
mometer has ranged from ten to fifteen de
grees higher in Cincinnati than in Atlanta.
—The tax returns of Sumter county show
an increase in valuation of property for 1881
over 1880, of SIOO,OOO. The increase in
Schley is $31,000.
—A bill declaring a wife a competent wit
ness against her husband, where he commits
an assault upon her, has passed the Senate.
Likewise, one to make it a misdemeanor to
carry intoxicating drinks to any public gath
ering. .
—Hon. Emory Speer uas received official
information that the request for the estab
lishment of a postoffice at Pioneer Paper
Mills has been granted. The office is called
Paper City, and Mr. W. D. Grifl'eth is Post
master.
—Mr. Walter B. Griffin, of Covington, has
received the appoint men tot Deputy Marshal
under Gen. Longstreet, and will operate in
Clayton, Henry, Fayette, Spalding, Pike,
Butts, Jaiqter, Rockdale and Newtou coun
ties.
—The Constitution says: “The House has
on band over nine hundred bills, oreoough,
if each sheet were detached and pasted to
gether, to encircle the city of Atlanta, which
is nine miles in circumference. No adjourn
ment in sight even with a first-class teles-,
cope.”
—The Augusta News says he Clyde syn
dicate own AGO 000 acres of land, “scattered
along the Richmond and Danville. Western
North Carolina, Charlotte, Columbia and
Augusta, the Atlanta and Charlotte Air-
Line, and other Carolina roads.”
The grading on the extension of the
Northeastern railroad, north of the Air Line,
is now going forward. Mr. Thompson has
the contract for the first section, and Clayton
Brothers the second. It will be completed
to Clarkesville by the first of December.
—The project of building the Elberton
extension of the Augusta and Knoxville is
receiving fresh impetus, and there is a good
prospect that the road will be built in the
near future. The people of Columbia, Lin
coln, Wilkes and Elbert are very anxious to
have the road built, and are prepared to aid
it substantially.
—Mr. Cecil Gabbett, General Manager of
the Western road of Alabama, was elected
General Manager of the Atlanta and West
Point railroad at the annual meeting of the
stockholders of the latter road held in At
lanta. Mr. Gabbett will not resign his posi
tion on the Western road, but will have the
general management of the whole line from
Montgomery to Atlanta for the ensuing year.
—Oglethorpe Echo: “In 1847, Dr. Ben.
Willingham and another gentleman, of Lex
ington, bought fifty acres of land in the
heart of the present city of Atlanta for $1,500,
but when pay day came they backed out,
deciding that it would never be much of a
place, anyway, 'i'heir purchase included
Peachtree s’reet, running up to the Kimball
House.”
—A bill is pending in the Legislature for
the sale of the State road. The bill provides
that a joint committee from the two Houses
shall advertise, within thirty days after thi,
Legislature adjourns, this road for sale. It
shall be sold from the door of the Capitol,
the sale to be subject to the existing lease,
and the same to be ratified by the next Gen
eral Assembly.
—Waynesboro Herald: “We are informed
that the digest for Burke county, just com
pleted, will show an aggregate increase in
the amount of taxable property returned of
nearly a half million dollars in round num
bers. This looks astonishing, when we con
sider the evident fact that our people are
really no better off than last year as to the
amount of property owned.”
—A short time ago a conference was held
between the Atlanta authorities and State
authorities for the purpose of determining
the money value of the old capitol at Mil
ledgeville, which amount the city of Atlanta
is to pay the State when the new capitol it
started. The matter of the price was left to
arbitration, and Colonel L. N. Whittle, of
Macon, has been chosen to represent, the
State, and Colonel J. W. Robertson, of Ros
well, to represent Atlanta. The appraise
ment will be made at once and the matter
settled finally.
—Mr. Fred. Welfe and associates have pre
pared a plan for the reorganization of the
Brunswick and Albany road. Holders of
the Frankfort committee's certificates and
other owners of the $2 500 000 old first mort
gage bonds will be entitled toa pro rata share
in $300,000 cash, $1,250 000 first mortgage
forty-year 6 per cent, bonds, and $1,600,000
of preferred stock. The entire issue of new
first mortgage bonds will be $2 000,000, and
preferred stock $1 500,000. Negotiations are
pending with other roads whereby the Bruns
wick and Albany will be greatly benefited.
—The Ocean Steamship Company now
have a steamer out every other day from
New York and Savannah The fleet con
sists of the City of Savannah. City of Macon,
Citv of Columbus, City of Augusta, Gate City
and Dessong. The latter, which was lately
purchased by the company, is the vessel that
brought out Cleopatra’s Needle from Egypt
to New York. The City of Savannah and
the Dessong will leave each port on Thurs
days, and will not, for the present, carry
passengers. This company is a practical
exemplification of Georgia enterprise, and
every Georgian should be proud of it.
—Dublin Gazette: "The readers of the
Gazette will find in another column the
petition of John T. Shewmake, Burke Shew
make and William Whitehead to the Super
ior Court, to have incorporated under the
head of the “Sumterville Factory,” a com
pany who propose rebuilding tbe old Shew
make mills. In additiou to the mills will
be a factory for cotton and yarns. This
mill, or factory, is situated only seven milec
from Dublin, and is on one of the best
streams in Georgia. The expen*e of build
ing a dam is dispensed with, as the old one
has become more permanent by age. Thia,
of course, will be a grand enterprise for
Laurens county. The capital with which
the company are incorporated is now $30,-
000-
I —The correspondent of the August*
Chronicle and Constitutionalist writes to hit
paper: “The two Finance Com m ittee* have
been patching up the usury law with emi
nent unsuccess. The present law, I believe,
puts legal interest at 7 per cent when n«
amount is specified, but declares that in ae
case shall the rate exceed 8 percent., else the
lender forfeits his entire interest and collects
only the principal. It also puts upon the
plaintiff in all suits the burden of proving
that no large amount has been charged,
whether the defendant acknowledges such
to be the case or not. The Senate last season
amended this law by providing that only the
excess of interest should be forfeited in case
of usury, and repealed the last absurd .pro
vision of the law. Nov one wing of She
House Finance Committee has fixed tbe limit
to 12 per cent. I learn that they were reallv
in favor of free money, which, after all,
seems to be the correct principle. A rate of
interest, like freight tariff, is regulated by
business. At present money is plentiful, and
usury laws are not needed. When capital is
scarce, money bring* its own price, law or
no law, and bad paper cannot be placed at
any time. It is probable that the twelve per
cent, amendment, if adopted by the Honse,
will be concurred in by the Senate. In rhe
meantime the present absurd usmy law con*
tin nee to live, and is doing as well as could
be expected under tbe circumstances.”
