Southern banner. (Athens, Ga.) 1832-1872, May 29, 1832, Image 4

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the Judge Clayton's Speech on Bank Report. Mr. Clayton said, on presenting the report ol u.e Honk Committee, I Mpwled the course of p-weeding which i« usual on inch <>rca. i-imnf. but it »eem* that every Hung relating to tut question is to be treated differently from oilier subjects which generally fall under the imticn ot this House. I have always under- siund that, when the minority of a committee were dissatisfied with n report, made by the in .j irily. they possessed the privilege to pro- sent a counter report, but never before, and 1 shall bo safo in ussurling the fact llmt it is un precedented, has it been known that a mein her of the committee was permitted to answer a report by commenting upon its facts or rea soning, bofore it is read to the House, or even those tacts or reasonings is known to n single ineintier. If this bo the usago of the House, und if tlieeo remarks are intended to break the force of the report when it comes to bo known, then I have tho right to claim, and do claim, of every member who has heard these remarks, to * i-pend bis opinion until be obtains a full knowledge of the report. I feel ns if 1 usk nothing unreasonable, and sure 1 nm there is untiling in the roquest which liberality, disiu- tenisiodiicss, and a highminded sense of honor of this i louse will nnt readily accord. I would nmcli rather the gentleman should have taken time to nave made his counter report. This I expected, but the course pursued, I must say, is not only unheard of before, but is unfair.— If, hi future, reports are to bo answered by discossions of their merits by the minority, be fore thoy are known to the House, then, is it perfectly idle for committees to make those reports. Who does not perceive tho obvious futility of such a course on the part of tl.c ma jority. This discussion 1 expected to meet when (ho question camn fairly before ihe House, and when it should bo fully possessed of all the facts of tho report. I am, therefore, driven to tho necessity of answering tho gentleman’s exceptions. I owe it.aiot less to tho committee of which 1 havo been the chairman, than to this House, to ex plain all the points to which objections has been made, promising, that, in my opinion, it will require ail the ingenuity of the gentleman, as wull as that of the friends of tho lianlt, to relieve it from the stubborness of tho fuels wli ich will soon come to light from the doeu men) just submitted. The first objection to the report is, that it has been submitted for inquiry, wl,other the selling of American com, by tho bank, is a vio latino of tho charter, tho 9th fundamental rule of which forbidding it to deal in any thing “ except bills of exchange, gold and silver bullion, or tho snlo of goods really and Iriilij pledged lor money lent, or goods tho proceeds of its lands.” The gentleman says that the Lank obtained Ihe advice of counsol, who gave it as their opinion that foreign coin was bul lion, and therefore the subject of traffic. And lie infers thut, as foreign coin is bullion, in which they can lawfully trade, he sees no rea son why they mny not trade in Amcrtenn coin iu this way, viz«as the government Ima at tempted to fix tho value of gold nt fifteen limes that ol silver, when in truth it is 16 to 17, the bank may fairly buy and sell under this lultor estimate. The subject was brought to the considera tion of tho committee by tho following circum stance : They ascertained thnt tho bank had nmdo the Gene'iil Government pay two per cent, upon 10,000 Spanish dollars, though it had miliums on deposilo, which it wanted for tho use of the navy on u cruise to f outh Ame rica. They uskud tho President why this was done 1 Hu answered, becauso Spanish dol lars were considered bullion, and tho bunk could trudo in bullion; that they were only compelled to pay in legalized coin, American coin, thereby virtually acknowledging that American com was not bullion, and if not bul lion, the bunk, under tho rule just quoted, had no right to traffic in that article. Nothing can be plainer; sod, Mr. Speaker, who docs nut perceive the inosi dangerous consequences that must result from such a practice. Is it to be put in Ihe power of tho bunk to alter the value of the coin established by law T IVlioi, Ihe Government has suid, for purposes best suited to Ihe w.mts ond rendition of tho coun try, that the coin shall bo worth so much, tho bank shall say we will defeat that regulation and give another value to it t Shull it bo said that the metullic currency of the eounlry. es tablished for the express purpose of giving rerium and fixed value to property, may be changed by the speculations of a monied cor poration I Shill it be considered that there is a Government within this Government whose power extends to the alteration of the value of the lawful coio of the country I A Government, tho morn powerful becauso its whole energy consists in the use of its money, and which wields annually more thun three hundred million* of money 1 What monstrous consequences must flow from such a power I How unsettled and fluctuating must be tho value of properly, if a monied institution shall be allowed to raise and depress the established coin of the government at pleasure! And this they can do el Iheir pleasure by moans of its vast influenco over the currcucy of the country. 1 put *l to the House to consider well this matter. I 1 a former committee, investigating the affairs of this same bank, reported to Con gress that the buying and selling of Ihe bills ot Stale bunks »as in spirit if not in terms n viol snot; of ihe 0th fundamtntal rule before mentioned, how murh more so must it be to barter in the legal com of the country t Let me ask what use is there for that provision of Ihe Conslilulion which gives to Congress tho right to regulate ihe coin of the Government, and the vnludbf foreign coio, if such its r^u- wcakness by legislating on this subject, if (hat legislation is nol regarded, and may be con trolled by a great monied mstiiulion I There is such an absurdity in tho very idea of tins inefficiency of Ihe Government, to give a fixed value to its coin, that it would seem barely enough to mention lire fact to havo it most universally reprehended. Then it is a fact, ns one of tho statements will show, appended to the report on your table, that the bank has sold $84,000 of American gold coin at differ, cm times, and for different premiums. The second objection to the report, is, that it complains of the bunks having sold Govern ment stock, and it is asserted that such privi lege belongs to that institution. The com mittee have not affirmed that this is a violation of the charter, but they believe it it subject well worthy of Ihe consideration ofthe House, and tho cuse is this : In the years 1821 and ’24, the Government obtained two loans from the llank, one of$4,000,000 at five percent., nnd the other at $5,000,000, railed tho Flori da loan, at 4 1-2 per cent. When these loans were proposed by tho Government, there were other bidders for them busides tho bank, who offered the Government a premium for them, but tho Government preferred lolling the bank lake them at par, upon thu alleged ground, that inasmuch a* it was a holder of slock in tho bunk, to thu amount of one-fifth of ils capi tal, it would no more in its advnntngo to parti cipate ns a partner in tho profits ofthe loans, by which it would lie partly enabled to pay tho interest of the slock, than it would bo by lot ting individuals have it nt a premium. (Jpon this condition, then, and upon the distinct un derstanding, that the hank laid the means of inking it and holding it, as will lie seen by a letter on your lubte, it was prefered, and other ladders rejected. The bank had no sooner obtained tho stock, than it commenced selling it. Now who does not porceivn the violation of good faith in this transaction! Tho bank, nnd certain individuals present themselves as bidders for the slock, tho latter offering a pre mium, the former urges its claim to tho Go vernment to bo prefurred, because, of tho in terest which the Government holds in Ihe bank ; it succucds in its competition, and then turns round and sells the stock to the very per sons who Imd been contending with her, and pockets tho premium which hud just lioen of fered to t ho Government. Such a proceeding cannot bo sanctioned by any principle of com mon honesty. Tho churter has prohibited ihe bank from dculing in stocks, unless posi tively permitted by law. In tho charier, it is true, a part of its capital was authorised to ho subscribed for in tho funded debt of tho Go vernment, which, by llmt snmo law, they were allowed again to dispose ol; hut not so, with regard to tho stock I have before described, and ought not to be so for tho reasons I Imvo before mentioned. It would destroy all com petition for thu Government loans, and place it completely in the power of tho hank, to spe culate upon its necessities in times of difficulty. The third ground of objection to the report is, thut it complains of tho bank’s having made largo donations towards promoting internal im provements. Hero the gentleman has the candor to admit thut it has no right to make such donations, hut he supposes, for llicro is no proof of the fact, thut it has boen done to increase the value of some largo real estate in tho neighborhood of Ihe improvements bo- linigiiig to the hank. Cun it be possible llmt one who cuniptids for strict construction of powers—one who beliuvos that constitutions, cr written authorities, by which given agents are to uet must bn strictly pursued—can admit that such uguuls inay derive powers not gran ted on the score of either convonience, inter est, or even necessity itself! Such a person has no longer a right to complain of the tariff or any other cxerciso of power drawn from tho Consiituliun by virtue of ilia construction that it promotes tho genoral welfare. The charter gives no such power to tho bank, nothing like it can bo found in that instrument, and if that is tho grunt of it* powers, beyond which it is not to uet, it lias as cleurly violated it* charter as if it had made donations for internal improvoinem* where it was not inter ested, which tho gentleman virtually admits would be the case. It appear* by a statement on your table, llmt the hank has made two appropriations of $1,- 500 euch to turnpike roads ; one in Kentucky aud one in Ohio. And, Sir, this wus after the General Government had refused to grant such aid* to similar object*. Who does not perceive tho purpose of such generosity! The President had pm his veto upon such ap propriations for itmuy reasons, but especially because ho could fiud no authority for it in tho Constitution of Ins country. He chose to act strictly up to the charter of the Government. Thu doubtless produced considerable feeling m thut quarter ol Ihe country where the aid was sought, aad the bank profiting by this ex citement, with a view to make friends for itself and enemies to its political adversaries, put forth its liberality under all tho advantages of i stroug contrast, nnd designed it to speak a language like this,the President has disappoint ed you, hut wo will come to your relief. Sir, even it* tho bank could give uway tho money of tho other slock holders, whet right has it to appropriate the money of tho Government to such objects, when the Government itself will not do it, nay, dare not do it, if it reguards its written Consiituliun! The bonk has been established, and holds it* charter under the express admission that it is a part of the Gov. eminent, that it is connected with the Treasu ry Department lor the purpuse of collecting end disbursing the public moneys. Thet but for its necessity for currying into effect certain expreseed powers of the Constitution, it could not legally exist. Now, Sir, if this be true, how dure this subordinate branch of the Go vernment to take from the public the money of the people, aud apply it to object* which their immediate representatives have positive ly refused. latton depends upon the mere will of a corpo- v ration 1 Why does Congress so expose he Mr. Speaker, who dees not perceive the dan ger of such a power! What I a great roonoy- ed insiuu’ion donlmg in untold millions, and cuoirolmg tho whole currency of thin vast country from one end of it to the oilier, so as to be able to change even the value of the reg ulated coio of the Government, shall take the subject of internal improvement under its di rection ! What city, or even country, is safo where n shall choose to exercise this powerful influence ? Between contending commercial towns and rivul cities, for the trade of the country, is it not plain to every one that wherever it throw* its weight, the antagonist interest must immediately full ? Nay, Sir, whole States could not withstand its power ; and they may he robbed of their lawful and natural trade for some more favorite state, by the intervention of this irresislable and all- commanding influenre. These were Ihe objeclions'tn tho report rela tive to the violations of the charter. There are three others in llmt document, against which, 1 presume nothing can be said. The gentleman then proceeds to mention other ob jections to certain charges of mismanage ment, and the first is in reference to what is suid concerning the branches of the bank— Upon tins point, 1 will refer to the report itself, and patiently wmt until it can be read and rely confidently upon such examination for a refu tation of the argument jn»t advanced. The second objection is, that the report has drawn a comparison betweon the situation of the bank now und in the yenr 1819, when it nearly failed, calculated, as lie thinks, to do great mischief to the bank. This, I cannot help, and if tho comparison be true, and like causes produce like effects, it is lime for the Government and the country to lake care of the consequences and to be prepared for any event. The bank, like all oilier commercial establishments, is subject to direct demands that cannot be postponed,and it must have immediate means to meet these de mands. The first, the direct demands, are its circulation, by which is meant its bills afloat— tho doposites which Ihe gentleman forgot to mention in his calculation und its debts in Eu- ropo. The last—its immediate means, are its specie, tho bills of other banks and its funded debt. The report will show, that in 1819, its circulation, deposites, and debt, amounted to 14 millions, and its specie, Stale bunk bills, and funded debt amounted to 10; the proper, lion being only os 10 to 14 ; and yet, under this difference, it produced a panic in Ihe country which will be long recollected. At the present time, its immediate means are $0,800,000 in specie—about $700,000 in State hills, and funded dept none! making an aggregate of $9,500,000, to meet—what! $23,000,000 of circulation,17,000,000 of de. pushes, and 2,000,000 of foreign debt, ma king, in' round numbers, au aggregate of 42,- 000,0001 I forbonr to make any comment upon a condition like this. There is a terrible suspension of discounts and a sudden with drawal of accommodation now going on throughout the whole country, to tho great disircss of the community, which is wholly n sufficient commentary for me. Tho gentle man says, I ought to placo within tho list of tho immediate means of tho bank, its domestic lulls of exchange, running nt 90 days, differ ing, he says, from notes discounted. This, I might safely do, and then leave a dispropor- tii ii between tho demands and the means greatly beyond that of 1619. Hut I contend, Sir, thnt such paper cannot pay off demands, it must be money or that which represents money, to meet momentary demands, such as cannot wait an hour, without involving the consequences of bankruptcy. But.Sir.ifl were to admit, for Ihe sake of argument, that this 20 millions of domestic bills should represent money, I presume the gentleman would let me go back and include the same item in the statement made for the year 1819; and if he does, there will remain the same correspon ding difference botweeu its condition then and uotv. Sir, this picture cannot Gs turned aside; look upon it we must, and Ihe operations now going on in Ihe commercial community, are enough to make us tremble for tho conse quences. Under the objection, Ihe gentleman men tinned a fact which, he said, he would take oc casion to explain. He says, a charge was made by me, whan this question was first agi tated, llmt Ihe bunk Imd employed brokers to job in stocks; and when tho mailer came to be investigated, it turned out that the hank was employed by the Government to purchase up, secretly, the 3 per cents ; and some secret informer Imd communicated the fact to me. Now, Sir, nothing could so well have justified the charge which I made, and which so pro voked tho gentleman’* surprise at the lime, as the very transaction which he says has beeu triumphantly refuted. The Government, in a confidential manner, authorizes the bank to purchase its own stocks; the bank keeps the secret, ond employs a broker to do it; this is going on unknown to the surrounding commu nity ; and because, forsooth, they talk of it, and want to know by what authority Ihe bank jobs in slocks, it is considered os an improper prying into the affairs of Ihe hank. For my self, Mir, when it was explained, I fell rejoi ced that I had so good a ground for the accu sation. The gentleman objects, further, to the re port’s noticing that branch of business which for it, end, also, the rate of exchange between this country and London, upon which it is drawn, when it falls due; und if he returns it, lie pays one percent. This bill is drawn pay able six months after sight; and by the terms ofthe bond is not to go direct to the placo of payment, but to go round the Cape of Good Hope, and through the Indies to London. Instead therefore, of the specie, which was usually carried by the merchant to the Indies, going to that quarter, its destination is chan, ged to England, and the bank becomes Ihe shipper of it, to meet its bills by the time they get’ from China. There is not a dollar less carried away than before ; but there is every probability that there is much more ; for this credit plan will enable more persons to engage in this trade than if they had to carry the spe cie themselves; and they will obtain credit to a larger amount than any amount of spocie which they could possibly command. This is dealing without capital, ahd leads inevitably to overtrading-the curse of any country-and under which it is now experiencing very heavy suf ferings. They depend upon tho success of the voyage for the moans of paying for their bills, and is, therefore, a gambling species of trade, resembling respondentia bonds, the most pernicious of all commercial specula tions. The Inst objection to tho report is its noti cing the indulgence which the bank has lately obtained from the Government in reference to the threo per cent, stocks. This, sir, is con sidered one of the most important subjects in that report, because it is a painful omen of the dangerous stress which now presses upon the bank, and which bears so heavy that it is gra dually crushing its helpless customers to death. Sir, the President of the bank says he sought no indulgence from the Government he asked none; he was ready to pay off its debt, and yet, Sir, tho bank hns agreed to pay the interest on this stock rather than part with the Government’s deposites at this lime; and says it does this to favor the commercial com munity. What credulity is ready to swallow such an idea ! What! a bank burrowing mo- ney and paying an interest for it to favor indi viduals 1 A bank running tho risk of having its own credit suspected—its president leaving Philadelphia at a critical moment, when its af fairs were just about to be examined, and comes off to this city—a bank that had by n previous resolution on its minutes authorised a committee to pay the stockholders any amount of interest they might ask, rather than part with the Government money at this time. A bank borrowing 7,000,000 from the Govern ment at an interest of three per cent., and nil merely for the sake of the commercial com munity—name it not in Gath—such a bank would be a prodigy, and all creation would flock to see it. Mir, this is tho story of the bank, let us hear from the Government. One story is good till another is told. Can it be possible thnt the Government has no merit in this unusual benevolence f Thnt it has thrust its money, unasked, unsought for, upon the bank, to enable them to perform this wonder ful feat of generosity, while thu creditors of the Government, under Iheso hard times, when money is worth from 12 to 16 per cent., are compelled to take but three per cent. Is it an act of good fuith, seeing how long the Go vernment has had tho uso of this money at three per cent., when all its other stocks, some of which were created long since, havo been paid off, becauso they bore a higher in terest, now to postpone the payment of its righteous debts merely to enable the bank, un solicited too, to perform an act of liberality! If it be true, I hope the Government has the credit for tho act. From the Government I would expect such generosity, because it is not a heartless speculating institution, and doubtless feels, and feels doeply, for the situa tion of its distressed citizens, brought about by tho operations of tho bank itself. Mr. Speaker, nothing but a most urgent caso of necessity could justify the Government, with ample means in its power, to withhold from its long.waiting creditors the payment of this debt. Sir, I will mention a fact which exhi bits the crying injustice of such a delay. The State of Maryland hold against the Govern ment $330,000 worth of this stock, for which it only receives 3 per cent., and hus been compelled to borrow, to carry on her works of internal improvement, two hundred thousand dollars from this very same bank, at an interest of six per cent., the consequence of which is the bank is holding her very means of paying to it the debt which she owes at 3 per cent., while it demands of Murylund six per cent, far the same money. This cannut bo just, and nothing, as I said before, but the necessi ty of saving the bonk and the community from i general ruin, could possibly justify it. Sir, it s subjects like these that have produced such a consternation in the minority of the commit tee, and all 1 ask is for this House to suspend its opiuion until they read the report. "Inwhat manner, madam 1” "I will arise ii has lately persuod, in selling biiis to go cir^ and go unto my father.” She left the house ruitously, as it is called. This subject has been presented to the House and Ihe commer cial community, not so much as a complaint against Ihe bank, but as a proper matter for grave inquiry, whether there is not something delusive in it, and whether it "economises” the specie of the country, as staled by the Bank. The practice is this: when a person who wishes to trade to China, or India, ta without immediate funds, ho goes to the bank and purchases a bill of exchange. What does he give for it t Not cash, as usual; but gives a bond io pay for it in twelve months; and agrees, if he uses it, to pay 2 1-2 per cool. A fair fashonable, lately united to oue of tho most dashing dandies of tho day having cause to complain of neglectful behaviour, the bride groom teplted, "Have patience, my dear, I am like the prodigal son, ond will reform by- aod-by.” And 1, sir replied the spirited bride, "will also be like the prodigal son” the eamo morning. A gentlen.nn accidentally intruded himself into a room where eighteen tailors were hold ing a meeting. " Good morning to both of jrou,” he observed and Immediately retreated. A sailor was lately at a certain Chapel in Boston, the parson observing that he looked rather, .sprious asked him, if he felt any "change!” The sailor put his hand in his pocket, and said, ho was very sorry, but he had not one cent. PROPOSALS FOR THE Southern Banner, A WEEKLY NEWSPAPER PUBLISHED IN THE TOWN OF ATHENS, GEORGIA. ALBON CHASE AND ALFRED M. NISBET, EDITORS. o N assuming the duties and responsibilities of tho publication of the Southern Banner, the Editors feol themselves bound by erery sense of duty, bodi | 0 the former patrons of Ihe Athenian, and Ihoae of their friend* whose aid they confidently anticipate—in older to retain the one and merit the olher-to lay before th. ni a fair and candid, but succinct exposition of theprin. ciples by which they are to be governed and directed in the prosecution of their arduous and responsible un dertaking, They do not think it necessary at Ihia late day—a day which la shedding ils light ana glory, with such general and invigr>;-j<ing power over our whole body politic, to enter elaborately and minutely into a detail of their political viewa and opinions. Indeed, io do so, would be virtually offering an insult to Ihe good sense ofthe community. To profess the name of the blessed founder of our holy religion, is in itself a suffi. eient guarantee of the principle* ofthe genuine Chris tian; to do they hold it only necessary to own and pros less the nanus of the three great apostles of correct principles, in order to satisfy an enlightened commu nity ofthe nature of their political/oUA, and the inevi table tendency oftlieir future practice. The Southern Banner,then, will rest hereafter for support and patron age, on the broad, firm, and immutable rock nritcpiib. lienniam. All those pure and hallowed doctrines which originally flashed upon the world from tho pen of a ./efferent—which have been cherishod an handed down to us by our venerated Crawford, soI i'ulessed so in flexibly, and so triumphantly practised, in many res pects, by our farorito Troup, will in it find a champion, however humble, yet of stern and uncompromising in tegrity. Various causes will, they believe, tend to render tho Banner herenficr, (and they say it without intending ihe least reflection on the course pursued by their wor thy predecessor, the late proprietor of tho Atlionian,) of more general interest and of greater value to tho party, than it has been oflate, and none of which seems to them, so well calculated io produco this result, as the opposition which will be shortly, exerted, in Ibis place, to their press, and to their principles. This idea they do not deprecate, but rather cherish, knowing that an honorable and liberal opposition,will tend to stim ulate them to the performance of Iheir duly, whilst they hope it will rally to their support, their mends, and thu friends of the party, for whose interest and prosperity they are determined to devote erery honorable exertioo. The editors have engaged among the r correspon dents, several gentlemen of established Lilersrv and Political character, whose communications will hereaf ter serve to enrich and adorn the columns of the Southern Banner. And with regard to the other de partment* ofthe paper, they can but add, that iheir best exertions will be devoted to render thoni useful and amusing to their patrons and readers. Great promises arc, however, at best, but cheap commodities, and of course they feel themselves hound to aay as little, and promise as charily a* possible; but in launching forth their little barque upon the stormy waves of public "pinion, they must trust ulonu to their skillful pilotage for meriting, and winning for it, moorings safe and snug in the hearts of their fellow- cilixons. CONDITIONS. Tho Southern Banker is published erery Tuesday morning, at Three DoUart per annum, payable in ad vance, or Four Doliare alter the expiratioo of the year. Advertisements inserted on the usual terms. **♦ Letters on the business of the office, post paid, addressed to tho Editors, or to Albun Chase, Proprie tor, will be promptly attended to. Mens, March 22,1832. ♦«* Editors of papers in Georgia will confer an ol, ligation by giving the above a few insertion?. PROSPECTUS GEORGIA GAZETTE, A rxrER TO BE PUBLISHED WEEKLT, AT ATUEKS, CA. I N issuing proposals for publishing a new paper in this section of the country, reason and duly would seem to combine, to invitefromus some exposilion of the circumstances which have urged us to the attempt, as well as a brief outline of ihe principles hy which wo will be governed in our course. Thi« task we perf >rm cheerfully. Tho population oi tho State is rapidly inertasing; bet system of Internal Improvement at ita nascent period of existence; her jurisdictional limits actually and pros pectively extending; her chartered rights and Indian relationships assuming new and deeply interesting as pects; and her financial resources presenting Io her sons the appalling alternative ofoppression in future by burthenaome taxes, or bankruptcy without somo salu tary change in hor representative apportionment, all combine to rendor an additional Herald of intelligeneo to Ihe present number altogether proper. But these by no means constitute the whole -ats- jogue of inducements. Ours it palpably a government in experiment. The principle* ana terms upon which it was based, were professedly novel, and by const- qitenco it would be fair to aaaert that they were not al together understood. The progress of events hts de monstrated this (ruth. The constitutionality of a na tional Bank; a system of Internal Improvement by Congress; the power to tax foreign imports for thu protection of domestic industry; in short the whole fa bric of implication, remiinsyet to undergo ita final and legitimate analysis. They are topics which must sgi» late, arid that deeply, every patriotic bosom inthe con federacy. To maintain Ihe honor and rights of tho State under her constitutional reservation ; to remon strate with promptitude and firmness of purpose against all infractions of tho compact, and to preserve tho Union by enlightened discussion or rational compro mise, according to the plan of Jefferson and Jackson, shall be our constant aim. Our columns shall also contain at far as practicable, important item* of intel ligence in tho departments of morals, literature, and science. In our Stale politic* it would be impossible under our present impressions, to adopt the principles ofthe Troup parly in most of its measures. CONDITIONS. The Georgia Gazette will be issued about the first of July next, on a largo super-royal sheet, with typo entirely new, and we hopo splendid, at $3 00 per an num, payable within six months alter the receipt of tho first numbor, or 84 00 if not paid within the year. Advertisement* will be inserted at the usual rates. Athens, March 20.—12— Other Georgia papers will be pleased to insert the above. The New Line of Stages FROM MACON TO SAVANNAH, BY MARION AND DUBLIN, W ILL run THREE TIMES a week-leaving Macon and Savannah on Mondays, Wednes day* and Fridays, at three o’clock in tho morning—and arriving at Macon aad Savannah on Tuesdays, Thurs days and Saturdays, at eight o’clock in the evening.— Rates as usual. G. LONGSTKEET. ICF’Perions wishing seats will apply at tho Wash ington Hall, Macon. Fob. *1.—8— m4m/-