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c ONGRESS.
IN SENATE*
Monday, December 19, 1812..
Death of Mr. Habersham.
A message was here received from the
House of Representatives, announcing to
tlie Senate the death of the Hon. Richard
W. ilABRuftiAM, late Representative from
the State of Georgia, and the passage ol cer
tain resolutions ; which message being read,
Mr. BERRIEN rose and addressed the
Senate as follows:
Mr. President; In offer ingthc resolutions
winch it is my duty to submit to the Sen
ate on this occasion, the usage ol this Cham
ber requires that 1 should accompany them
with some nolice, however brief, of the
character of the deceased—with some refer
ence, however transient, to the event which
calls for this expression of our sympathy.
It would be to me, sir, a grateful, though
a melancholy office, to pronounce the eulo
gy of my departed friend and associate—to
dwell with cherished recollection on his
public virtues—on his private worth—above
all, on that benevolence of feeling, which
was so beautifully exhibited in all life inter
course with his fellow-men. It would be
my privilege to speak of him thus, sir; for
it lias been my good foitune to have been
associated with him from his earlier years,
in relations of kindness and amity, which
experienced no solitary interruption to the
Close of his life; while, in mutually cher
ishing these feelings, we only lengthened the
Chain which had united our fathers in like
friendly bonds. The occasmn is, however,
perhaps, inappropriate to the expression ol
mere private feeling—and 1 forbear.
J\lr. Habersham was a native of Geor
gia. His family name is associated with the
records of her colonization, i.nJ is honorably
inscribed on the pages of her provincial an
nals. It has been distinguished in each
successive period of her history, and, unsul
lied hy a spot, will now be registered on the
stone which covers bis own remains. In
Georgia, sir, that name is the synonyme of
patriotism, integrity, and benevolence.
Mr. Habersham was born in the city of
iSavnunuh— I think in the year 17S6. He
oblained bis collegiate education at Nassau
Mull, ip New Jersey; received the honors
of that institution m touo, ana, a-iumUtg la
his native State, after the usual course of
preparatory study, was called to the bar.—
Ho was early distinguished among his pro
fessional .associates, and was for a series of
years the counsel of the United States in the
courts of that district. He retired from of
fice, with the applause of the people of Geor
gia, when the duties which it imposed con
flicted with his own sense of justice to a
portion of his fellow-citizens. He served
or and trust, both under the Federal and
State Government, the dnties of which he.
discharged to tlfafull requisitions of the law,
and entire satisfaction of those with whom
he had official transaction.
In 1S38 he was elected as a member of
Congress, and continued in that character
until his death. To you, sir, and his asso
ciates here, I need say nothing. You have
witnessed his course; yon appreciate hi*
worth as a man, nnd his usefulness as a
member of this body. And notwithstanding
the political asperity of the times during
which he I;as been a member—-apd although
he has been firm and unwavering in his po
litical course—yet 1 believe he never in
dulged in a sentiment, or suffered* an ex
pression to escape his lips, at which even
the most sensitive political opponent could
justly take exception. His errors and infir
mities, if any he had—nnd-nonc are faultless
—“were of the head, and not of the heart.”
Me was amiable, generous, and forgiving in
his disposition ; lus home was the centre of
kindness and hospitality; and his hand ev
er open to the calls of charity. It may be
said of him, and can with-truth be said of
him, that he has gone, and left not an ene
my behind him. In his lamented death,
Georgia has lost one of her most useful,
virtuous, and talented citizens—one of her
most distinguished, patriotic, and cherished
sons; nnd bis family, have sustained a loss
which cannot be repaired by time. “May
that Being'who tempers the wind to the
shorn lamb,” comfort and sustain them in
this, their deep affliction ; anti may this me
mento of onr mortality make a deep and last
ing impression upou our hearts, and cause
us well to consider the admonition addressed
to us in the word of truth, which is enforced
by this solemn dispensation—“Be. ye al.so
ready, for in such an hour as vo think not
the son of man cornelli.”
Mr. G. then offered the usual resolution,
viz: that the members, as a mark of respect
for the memory of the deceased, go into
mourning, by wearing crape on the leftarm
for thirty days; which was adopted ; and,
as an additional murk of respect for his mem
ory,
On motion by Mr. GAMBLE,
The House adjourned.
GEORGIA LEGISLATURE.
From the Federal Union]
Central Sank of Georgia.
Milledgeville, Olh Dec. 1312.
To the Senate and House of
Representatives of the State of Georgia
Gentlemen : We have just seen the re
port of the Select Committee of the House
of Representative^, who were appointed to
i examine into the affairs of the Central Bank,
with reputation in the municipality of the : Our duty to the Legislature and to the peo-
cily of Savannah, and in the Legislature of, pfe of Georgia, who hold the bills of this
his native State, and has been twice honor- j institution, will not allow us to remain si-
cd by a sent m the councils of the Union. I lent spectators of the injury which wc think
It can scarcely !•» necessary to say to those will arise from the promulgation of this re-
to whom I address myself, that his duties j port. We desire it distinctly understood
here have been discharged with zeal and fi- j that we do not appear to answer to charges
dehty, with assiduity and intelligence, and i —for none have been preferred against ns—
in a frank and conciliatory spirit, which, j that we have no personal griefs to assuage,
even amid the conflicts of party, secured to j or interest to subserve ; and that we shall lie
turn the esteem nnd regard of his associates.
He died ul lil» own loidaiua in Gaorai*U.On
the 2d instant, at a moment when, but for
the disease which had prostrated him, he
would have been hastening to unite with us
in the duties of legislation.
Mr. Habersham has now closed his
earthly labors. Hereafter, among us, he
lives only in the memory of his virtues.
These will be long held in grateful renietn-
tee themselves seem to have been sensitje,
aud left this item out of their table. Tie
liabilities exhibited in their table has .als^a
dormant account of $17,588 30, WhicB is
included in the account alike credit ofjin-
dividuats. This sum is the remnant ^f a
deposite at-the credit of the Governor, for
Indian spoliations, &c. For years past,,no
claimant entitled to draw a dollar of it, <ias
appeared, aud there is not theleastprobobil-
»ty that any will ever appear. • i
Taking out this dormant deposite, wexe-
tluceour liabilities to $1,663,836 34, and
reduce the “defictt”.as shown by the com
mittee, to $255,187 34. If we deduct from
this the State bonds, $162,000, not due for
four years; nnd which the profits of the Cen
tral Bank will unquestionably, discharge
the “ deficit” of the committee is reduced to
$93.187 31.
But without availing ourselves of the
time given on the bonds or the certainty
that they will be discharged hy the profits of
the batik, we find assets to discharge all its
liabilities, leaving a surplus of $300,155 98
differing from the committee iu the sum of
$5S2 ; G46 23.
These gentlemen inform you “that the
valuation which they fixed upon the various
items composing the assets of the Bauk, has
been the result of the best investigation
which they have been enabled to give the
subject.” This we do not question; but
with equal candor, and equal disinterested
tiess, we have made estimates differing wide
ly from theirs. If wparetobocqualtytnmuKt
for integrity and'judgment, we think public
opinion should lean to those having the best
means of information. The committee held
their sittings apart from the board of direc
tors and officers of the hank ; having before
them such books and papers as it pleased
them from time to time to call for. On two
or three occasions they desired the presence
of some of the officers, or came themselves
into the Bank to make some enquiries for
the sake of explanation. Not an officer or
director was ever asked his opinion of the
value of a single asset. Ilow the committee
proceeded in this important enquiry, or hy
what means they arrived at the startling re
sults they publish, we are uninformed. We
pronounce it impossible for any set of men
in the \Vorld, to have obtained a tolerable
knowledge of tiic value of the assets of the
Central Bank, hy such an investigation.—
Wc claim to have arrived at our conclu
sions by means more adequate to the end
hy familiar acquaintance ond patient enqui
ry. Every discounted paper has passed
through our-hands, and always with satis
done, covering the whole residue of this vast! to alter and amend an act, to establish a
capital $3,040,867, we have presented our Bank at Milledgeville, to be called
estimate of loss of $318,230 49. This we
consider n very large allowance, aud one
that the threatening aspect of the times will
not enlarge. Our losses, therefore, amount
to about ten per cent., while those of the
chartered banks amount to more than 50
per cent. In regard to profits, the Central
Bank has unquestionably the advantage, but
to what amount we have not time to ascer
tain.
The Direcfars utterly deny the estimates
made of the value of the assets-ofjhe Central
Bank, by the Committee. Nothing but the
liarsh-measures they recommend, can verify
their predictions. 'The heavy amount of
our paper lying over and in suit, has, it is
true; a bad appearance, but there is another
came for this, besides the weakness of the
notes or the wants of punctuality of their
makers or endorsers. From the fatal year
183T, to the present time, the civilized world
lias presented a scene of unparalleled dis
tress; and even yet the cloud is thickening
over ns. Labor no longer meets its reward,
and the success of the planter iu his hono
rable calling, affords him uo relief. Is it
strange that the arm of industry is palsied—
the heart of enterprise in^de sick ?
A word in reply to the supplemental re
port of Mr. Crawford, and we have done.—
He charge? the Board with errors in its Hast
Annual Report.’ We ask the favor of him
to point them out. Ilecharges us with “in-
equitnKRi” discrimination between the seve
and ner, the Committee named iu the 4thresolu-
kuowji by the mime of the Central Bank ot lion, be authorized to fill said vacancy or
a vacancy should occur, in any other man.
Georgia, <fcc., passed on the 22d day of De
cember, 185£S, assented to December the
21st,. 1839, be, and the same are hereby re
pealed.
Sf.c. 2. And be it further enacted, $*c.,
That no appropriation or any balance of ap
propriation, that irow remains unpaid, shall
be patd by the Central Bauk of Georgia,
but all such appropriations together with
the public debt and the interest accruing
thereou, shall be paid at the Treasury, and
not elsewhere, provided, that nothing herein
contained shall be so construed, as to ex
empt said Bank from the payment of the
bonds, and the interest accruing thereon,
which have been or which may. hereafter
be issued and applied tn the redemption - of
the bills of said Bank.
$ec. 3. And be it further enacted by the
authority aforesaid, That the President and
Directors of the said Central Bank, arc here
by prohibited from discounting uny new pa
per whatever, or purchasing any bond, note
bill of exchange or in any manner issuing,
or paying out any new bills of said Bank,
or re-issumg.or paying out .my of the old,
provided, that no endorser or endorsers shall
be prohibited from renewing any note ac
cording to the provisions of the charter now
in force—provided further, that nothing
herein contained, shall he so construed as to
prohibit them from issuing one and two dol-
lar bills for large notes, as is now provided
rat counties—we demauu tne ptuUmnitui ofjhy law.
a single individual, who will say lie has been . Sec. 4. And be it further enacted, That
the subject of such partiality. He complains j the funds and revenues of the State, after
that we expressed onr opinion in regard to | paying current expenses of the Government
the ability of tire Bank, to resume *• Specie j and the interest of the public debt, shall he
payments”—we claim an equal light with ! applied and paid to the redemption of the
himself to express onr opinions. j Am Is ol said Bank, nnd that the honor and
Mr. Crawford charges the board with j faiih of the State is hereby bound for the re-
“ palpable negligence,” in accepting notes, demption of said bills,
which he believes informal. Our experi- Sec. 5. And be it further enacted, That
eucc iu this matter would be a valuable lno further discounts or advances shall be
acivney or
vacancies.
JAMES GRAY, Chairman.
Jno. II. Dyson, Secretary.
GENEl! AL .INTELLIGENCE,
school, even for him. We inform him that
we have never lost a debt, from tbe faults lie
complains of, arid even now, do not fear the
result of his awakening note to every debtor,
who might desire to defraud the batik.—
Many of our customers are unlettered men,
nnd we take their notes if we consider them
legal.
The mode and manner of-keeping our
notes, is also, a matter of complaint. We
regret that the Committee had not pointed
out tho cases in which they found our notes
out of place. Regularity and system, in this
regard is qf paramount importance in this
factory evidence of its solvency. For six j Institution, and we regard it good evidenco
months of tbe present year one of our offi- jof the correctness of our plan, when we as-
cers has-been engaged in visiting distant; serf that-no note has ever been lost in rhe
as little affected by this report, as other citi
zen§. But our relation to this great interest,
imposes on us pecoTIftr tesponSinnniw, -mm
we cannot hesitate in the course we should
pursue.
The Committee have, after a laborious
investigation, arrived at the conclusion that
“ the Batik, if now left to its own resources,
would be utterly insolvent.” We, with bet
ter means of information, arrive at a differ-
parts of the State, conferring with otirattor-
nies and others, on this important subject.
From every quarter the friends of the Bank
send their voluntary contributions, and the
presence of the Legislature increases onr
sources of information. Few sections of the
State have escaped onr scrutiny, and all of
our claims have passed in review before us.
Compared with these sources ofinformation
nnd grounds of judgment, the investigation
of the committee stands in dim and shaded
contrast. Let the holders of tire bills of the
Central Bank look to it, for they are most in
Late and Important News.
By the steam ship Britannia, arrived at
Boston, Liverpool dates to the 3d instant
have been received. The British have $ Uc .
needed in bringing the Chinese to terms.—
A treaty has been concluded, and pence re-
stored, to the advantage of Great Britain
The settlement of this important question
has produced a beneficial influence m p, n ,
land. Trade has improved, and much ac
tivity had begun in the manufacturing <j ls .
tricts.
It should .seem that the British had tnn
with brilliant success in India. Glmzne
nnd Cabul have been taken, ond most of the
British prisoners have been released from
captivity. Akhbar Khan is a fugitive. ami
the British flag waves again over the citadel
of the capital of A Afghanistan.
An insurrection had broken out in Bar
celona, Spain, but it had been suppressed.
The French journaisTiave been occupied
principally in discussion upon the recent
victories of the British troops in India and
.China, and already they claim for the French
nation to be placed upon the same footing
for carrying on the commerce with China
ns Great Britain by the terms of the treaty
lately concluded.
The Chinese hod already paid one half of
the first instalment stipulated iu the treaty
to the British Plenipotentiary.
It will he seen that Cotton hnd advanced
id. in the Liverpool market.
Hortli Carotin*.
The Legislature of that state have suc
ceeded in electing a United States Senator,
as it appears from what follows, taken from
the Raleigh Standard:
“ We feel great pleasure in being able to
announce that our democratic friends, alter
a season of bitter, and we must add, shame-
j fill contention, have become reconciled, and
made by the Directors of said Bank, for, or
to the Penitentiary, or any of its officers, or
to any'purchaser at the Penitential v sales.
Sec. 6. And be it further enacted, That
it shall be the duty of the Directors of the
Central Bank, lo have burned the amount
of bills issued by them, that they have or | yesterday elected that distinguished sen of
may hereafter redeem, which shall be doue j North Carolina, William Henry* Haywood,
quarterly in each aud ererv political year, J j r> to t ; le Senate of the Uni'ed States—
in the presence of tbe Governor, and record j This was the result of compromise between
the amount thus burned aud report the same
in their rfunual report.
Sec. 7. And be it further enacted by the
authority aforesaid, That all laws nnd
parts of laws, militating against this Act be,
and the same are hereby repealed..
Joint Resolntions,
Passed by the General Assembly, on the
death of the Hon. Richard W. Haber
sham.
IVn ereas official information lias been
tbe friends of other candidates, and we hope
all crimination aud recrimination will ceux-.
The vote stood as follows:
For Mr. Haywood, 95
“ “ Graham, 69
. , . Be it resolved, That in the death of the
another. Some of the counties, especially Bank, and the situation of the Ocmulgee Hon. Richard W. Habersham, the people of
. .. , . • I,, .... those having chartered Banks, were little I Bank being considered doubtful it was tins Slate have iost a Renres^ntafive whose
brance hy those to .whom lie was mos in- j ent result, and do not doubt the ability ot inclined to take the jmms offered them at j thought best not to offer thorn all at once, for . talents reflected credit on his native State,
~ T * * ’ ’ fcar °f losing all. They were, therefore, | while his public integrity commanded the
kept for gradual disbursement, and the Bank j unfeigned respect of men of all parties.
timately known. The recollection of them t this institution to take up all its liabilities,
will, 1-trust, assuage the sorrows of the wid- arid have a considerable amount of its enpi-
. owed partner of bis life, and ol that group of j ta! left. We differ from the committee in
..orphans who are clustering around her in
this hour of anguish.
But Mr. Habersham yet lives. The re
cord of this .probationary life, as to him, in
deed, is closed forever. But he has gone, in
the immortality of-liis being, to render his
account to bis Creator and bis Judge. It
remains to ns to hope that he may find ac
ceptance in that solemn hour through the
atoning blood of the Redeemer; and to in
scribe on onr own hearts the monitory les
son which this event is calculated to impart.
Mr. B. closed by offering the usual reso
lutions in testimony of tiie respect of the
Senate for the; memory of ihe deceased, and
authorizing the wearing of crape; which
were read, nnd unanimously adopted ; and,
in accordance with which, the Senate forth-
' with adjourned.
HOUSE OF REPRESENTATIVES.
Mr. GAMBLE of Georgia rose, and ad
dressed the House as follows:
The present Congress, it is believed, has
oftencr performed the painful duty of an
nouncing the death of its members, than
any which has preceded it under the Gov
ernment. In the first week of our session,
we were called upon to pay the last tribute
of respect to the memory ot one who died
on liia way to the scat o! Government, to re
sume his d mes as a member of this body ;
aud to-day, the duty lias devolved upon me
to communicate to the House the mournful
' intelligence which has reached us, of the
death of another member of this branch of
the National Legislature. For some time
•we entertained hopes that the rumor of his
death was unfounded ; or, at most, prema
ture. But it is at length reduced to painful
certainty that Richard W. Habersham is
no more. He has finished Ins course on
earth ; his seat in this hall is vacant; and
he now sleeps in the silent tomb. Ilis con
stitution being naturally feeble, and his
health somewhat impaired when he first
look lus seat as a me.mber of this body—ad
ded to the severity of the climate, and his
• laborious and close attention lo his duties,
which was more than he was able to endure
—-brought on a disease, which has only ter
minated in his death, which painful event,
as we are informed, took place at his resi
dence in Habersham county, Georgia,’ on
ihe second day of this montj), surrounded
by his family and friends.* Mr. Umber-
sham was a descendant of one of the most
honorable' and distinguished families in
Georgia. He was endowed with more than
ordinary powers of mind, which was en
larged and cultivated by a liberal education.
Being thus qualified,. he early engaged in
public life, and, by a long course of upright
conduct and unbending integrity, he acquir
ed a degree of confidence which few attain,
• anfl (what is-sti}! more rare) which he nev-
- #r abused. He has occupied eta tiers ofhon-
the estimate of the value of our assets, and
also in the amount of our liabilities. Wc
will state tbe differences between us, aud
willingly await tbe testimony of tune to
prove who is in tbe right.
Table dancing.all the items in which tie Directors
differ with the Committee, in their estimated value.
Con. Est'e. Book Eet'e.
No:** discounted,
ltfO,000,00
1S.557.0O
e.537,00
fi,050,00
’ 05,000,00
25,000,00
10.000,00
5.000.00
450,00
Fills.
233.251,*?
141,425.00
Unriftn Bsitk Notes,
47.67 ‘*.00
000,1)00,00
Due bv Bank*,
25.792.90
136.23
Monroe U. R. Ms,
24,224 00
00,000.00
Draft A. 13. Davis,
Cashier.
25.(300,00
00,000,00
D. MoDmiffflld, Frest
25,000,00
0.000,00
B’k of lfawkinaviUe,
10,000,00
o.oon.oo
Scot? Cray, do
5,000,00
0,000,00
Executive Warrant,
450,00
o.oco.oo
CH*ck Princ’l Kvcper
roauetiuary,
6,831,00
0,000,00
Notes of Central B’k.
in hand* of Teller,
. 4,500,00
0,000.00
Specie Cettitivates.
6,000,00
0,000,00
O cl Bonds Jc Notes,
"190,258,52
000.00O.00
Back inter, due Bank
not indu’d in com-
Ira tec’s report.
Bank stock, &c.
537,300,00
183,610,00
Protest account,
£01,00
Central B. R. Kinds,
7,000,00
3.50J.CQ
I’reM.lem’s cheek in
favor W. 13. John-
lon.Preaidrnt, A.O.
5,027,88
P. Tlivea-.f! note,
2.000,00
2,000.00
Specie change.
273,86
273.86
Cm» u.o pnrposuc of thn Government, which
was in May last, his check was paid In the
danger.
— Trie a dM*vi.Ui4 #<*
bare given the entire amount due !i'y’each
county.” In this the Directors would have
been pleased-to render them every service.
No preference has ever been given by the stead of the Treasury.
Board, to the citizens of one county over j these bills, with others held by the Central
ies, especially ! Bank, and the situation of the Ocmukee
bank, and only one maker of a note $200
has not been found.
The bills of the Ocinulgee Bank, deposi
ted by the Governor, is also, a matter of
comment. This we have no doubt, was a
sirictly official duty, performed by His Ex
cellency, in drawing money from the Treas
ury, and transferring it to the Bank, to be
drawn on his official check, when needed
for the public service. Those notes were j whereas it is a proper manifestation .of res
in this manner drawn from the Treasury in ! pect to one ot the public, servants of the peo-
ihe mouth of April last, and when the Gov- i pie of Georgia, who has fallen at his post
ernor made air arrangement to obtain Ex-; “ with harness on his back,” for this Legis-
change on a pledge of Central Bank notes lature to pass such resolutions ns would be
Mr. Haywood's majority.
Scattering, 2.
20
notes ot this institution, and the Ocnmlgee | ceased, commanded the respect of every cit-
notes became the property of the Bank in -jiz n of Georgia, while his private virtues
The amount of claimed their esteem;-
6,£31,00
25,000^00
75,000,00
181,610,00
201,00
3,500,00
5,057,88
2,000,00
• 273,80
Committee'* estimate,
$1,381,348,09 (l .963,992,32
1,361,346,09
Director*! estimate of available assets above the"
Committee,
582,616,23
"Of thia anm, 25,000 dollar* being secured bv lien or assets
arising from aalci of bridges at Macon and Columbus, is con
sidered good.
Several items in the Report of the Committee,
may seem to require explanation ;
Brunswick It. It. & Canal Stock,
Western and Atlantic Rail Road,
Siaie Ilunds, &c.
Sinking Fund,
Amounting to
This large amount paid to the public ser
vice, might be charged to the account of the
Gapital Stock, nnd woulJ he no longer seen
in the accounts of the Bank. - It was kept
in this way, because not otherwise ordered,
aud that tiic objects on which ibis sum had
been expended, might appear in onr, report.
Having thus attempted to explain the dif
ference in our estimates, when compared
with that of the Committee—setting forth
each item, that every one may understand
it, we claim for our assets, beyond what they
allow us, the sum of $582,646 23.
“Nor shall we differ less in the estimate
of the liabilities of ihe bank. The dormant
claim of $1,051,422, the State’s proportion
of the surplus revenue of the United States,
deposited in the Bank, hut long since taken
from it by acts of legislation, is thrown in to
make up the enormous “deficit” proclaimed
by llje committee. We deny all liability for
thisffund, nnd nffirituhat this accountought
to be credited in full.by the payments made
to the Treasury. But it matters not wheth
er it is credited or not, no one believes it
ever will be demanded by the government
of the United States. Of this the commit*
our distributions. When they bad waived
their legal rights, the money was leaned to
others. The law was at length changed;
biit only one distribution has been since
made, and that, in strict conformity with
that change. Many circumstances have
conspired to vary the indebtedness of coun
ties. 'Fhe discount of bills of exchange—
the removal of parties and perhaps other
causes. But Ibis inequality, the board nei
ther dosirc to conceal or regard of any con
sequence. • *» *
The board tender their acknowledgments
to tbe committee for their charity, in'regard
to tho “ defects in the management of the in
stitution.” These are rather charged to the
“ very nature” ef such an institution : but
that there has been mismanagement, they
point to their shewing of the condition of
the bank as “proof.” They point to Ihe
siooo oo stm ?g' es of the bank in its exhausted con
dition, but never mention the $3,109,200 T e £ 5 ,
which it has paid to the extravagant calls of
the Legislature. With the proof of these
enormous payments in our hands, and the
value of our assets as we shew them, we too
have some satisfaction in contemplating
these “ results*”
We have shewn the experience of the
State in managing her funds in the Central
Bank for the last thirteen years. A large
proportion of our capital consisted of stocks
in the chartered banks, over which we had
no control. The result of their manage
ment, we proceeded to exhibit.
These stocks consisted of State Bank,
$500,000, Planters Bank, $80,000, Bank of
Augusta, $100,000, and Bank of Darien,
$325,000, making in all, $1,005,000. Four
hundred and seventeen thousand seven hun
dred dollars of thfe sum has been fortunately
sold without much loss—the remainder
721,417 $587,300, is valued by the Committee at
$183,610, shewing a loss of $403,390—Had
the State continued its original interest ‘in
these banks to the present time, and had the
account of loss to lie now made up, it would
he by the same estimate, $505,000, more
than one half the entire capital. Such has
been the result of the State’s investments in
chartered banks, under the watchful eyes of
interested ‘directors, and we do not doubt
under the best and most perfect system of
banking. Are we entirely mistaken in
tliiuking that there is in the •»' very nature’-
of chartered banks, an inevitable tendency
to loss, of capital and ruin of stockholders t
Certain it is, the Slate has found them un
profitable servants. .
How do these operations of the Central
Bank compare with these results? The
whole amount of capital-ever employed by
this institution has been $4,235,807 53.—
This sum includes the surplus revenue, and
all the bank stocks, and other unavailable
assets. On the bank stocks the losses are
not attributable to the Central Bank. The
valueless antiquated papers turned otter to
us as capital, are none the worse for onr
management. On the business we. have
PeiiBnySTStiia.
The Domestic debt of Pennsylvania is
$10,716,150 47. The Foreign debt $*J3.-
received by his Excellency the Governor of .736,206, making $34,454,356 47. Besides
this state of the death of the Hon. Richard . this the following sums are due:
W. Habersham, one of tbe Representatives l. Add 6 per cent, stock issuud fnr inter-
in Congress of the people of Georgia; and est unpaid in July last, $874,118 71, bear
ing an interest of $48,000. •
2. Claims of domestic Creditors under the
act of June 7th, 1842, filed already, $1,159,-
041 65; yet to be filed, (estimated) $800,-
000—making a total of$l,359,04l 65,beat
ing on interest of $81,542 49.
3. Relief notes issued on the responsibili
ty of the State, $2,206,650 68 — interest one
per cent, till funded, $22,066 40, making
a total of principal, $39,262,037 51, and of
interest, $1,864,238 56 cents.
4. The interest on the foreign anddomos-
tic debt, which makes $1,659,982 67. Tbe
whole debt at this moment is not far from
forty millions of dollars.
indicative of their respect for his memory;
and wticrcao ttio public inlf-gnty of the de-
§50,000
412,040
184,771
74,COG
was passing them off as rapidly as prudence
allowed, when the explosion of the Ocinul
gee Bank happened. ,
We have tbe honor to be,
With the greatest respect,
Your obedient servants,
T. FORT,
W M. Y. HANSELL,
I. NEWELL, Directors.
Note.—The Editors ofthe Federal Union
state, by request, that, in making up the a-
mounls paid by the Central Bank, to tbe
calls of the Legislature, the following items
were left out:
Paid to Franklin College $73,000
To Free Schools, 1 IS,077 09
To which add statement Di-
$191,077 09
rectors,
$3,109,200 67
And we have $3,300,277 76
which should have been the sum stated by
tbe Directors, as the whole amount drawn
by tho Legislature from tbe Central Bank.
The laws requiring tbe nbove payments to
tho College and Poor Schools, required the
amount from the profits of the Bank, and
not from its capital stock. . Tins, in the hur
ry of the moment, caused tbe items to be
overlooked.
AN ACT, to repeal the acts and parts of
acts therein mentioned, and to amend tbe
Charter of the Central Bank of Georgia,
and for other purposes,,
Sec. 1. Be it enacted by the Senate and
House of Representatives of the Stale oj
Georgia, in General Assembly, met, and
it is hereby enacted by the authority of the
same, That.the fourth section of the act,
eulitled an act, to amend an. act to establish
a Bank at Milledgeville, to be called and
known by the name and style of the Cen
tral Bank of Georgia, and to extend tile
Charter thereof,* to appropriate monies, &c.,
to increase the capital stftek of the same, as
sented to, December tbe 29th, 1838; also,
the fifth section of-an nqt, to alter and amend
an act, to establish u Bank at Milledgeville,
to be called and known by the name <>f tbe
Central Bank of Georgia, &c.; passed on
the 22d day of December, 1838, passed the
23d day of December, 1839; and to provide
for the protection of the circulation of said
Bunk, and other purposes.— Assented to, dn
the 23d day of December, 1840.—Also, the
Resolution passed the 9th day of December,
1840, requiring the Directors of the Central
Bank, to pay in eurrent funds, the Scrip or
evidence of debt, issued and due by the
Commissioners oi the Western and Atlantic
Rail Road, &c., and also, the act entitled an
act, to direct the Central Bank of Georgia,
to pay the interest upon the Public Debt,
passed the 13th day of December, 1841, al
so, the first section of an act, entitled an act
Resolved, That this’ Legislature sympa
thize with the family, of the deceased on the
loss o( one who e private virun-s have been
dwelt upon and acknowledged by all who
ever had the pleasure of his acquaintance.
Resolved, That a cony of the above be
forwarded to the family of the deceased, and
to onr Representatives in Congress with the
request that they may bo laid before the
House of Representatives..
From the Federal Union.
Democratic meeting.
At an adjourned meeting of the members
ofthe Legislature, and others of the Demo
cratic Party, field in t^ic Representative Hall,
in Milledgeville, on, Monday evening the
19th December, 1842, on motion of Gener
al Peter Cone, Judge Gray of Jones, was
called to the Chair, and John II. Dyson,
Esq., was requested to act as Secretary.
On motion of Judge Cone of Greene, the
following Resolutions were adopted :
Resolved, That the Democratic Party of
each county of the State, be requested to
send Delegates, equal in number to their
Representative?, to a Convention, to be held
in Milledgeville,oil the first Monday in June
next, for the purpose of nominating a suita
ble candidate for Goverhor.
Resolved,. That any county not sending
Delegates to said Convention, may author
ize and empower the delegates of any other
county, to represent said county, aud that
when a lull delegation does not appear, in
said Convention from any county, a dele
gate or delegates present shall be entitled to
tbe full vote dfsiicb county.
Resolved, That this meeting proceed to
seb-cl ten suitable persons, to represent the
State of Georgia, in such National Conven
tion, as may be held by the Democratic Par
ty of the United States, for the purpose of
nominating candidates for the Presidency
and Vice Presidency, whereupon the fallow
ing g iiHemen were selected :•
Edward J. Black, of Seriven ;
David J. Bailey, of Butts;
Walter T. Coloditt, of Muscogee ;
Soloman Con kn, of Chatham ;
Howf.ll Cobb, of Clark ;
Mark A. Goober, of Hall;
Francis H. Cone,' of Greene;
John H. Howard, of Muscogee;
John Lamar, of Bibb;
Charles Spalding, of McIntosh.
And be it further Resolved, That a Com
mittee of three, be appointed to inform those
individuals who have been selected as dele
gates, of their Selection—whereupon the fol
lowing gentlemen were appointed that Com
mittee:
Gen. Wm. •. Smith, of Bibb ; Col. Flem
ing Jordan, of Jasper; and Col. Elijah Chas
tain, of Gilmer.
And be it further Resolved, That in case
one or more of those individuals, who have
been selected as delegates, should decline, or
From the Mountain Tunes.
Mine*.
We think that it would be gratifying to
our distant readers, to give the numbers o!
some of the mines in this county, that have
yielded profitably for the labor done on llinn.
Witli a view, therefore, of affording infor
mation, which by reference to a map it con
be seen, whether any of the lots quoted as
valuable mines, lie near to a lot in which
the reader may be interested. We give the
following table, which will increase with
our information :
12th District, 1st Section.
524
r>27
523
591
592
594
595
596
597
598
599
600
601
661
670
673
72S
729
730
732
733
734
737
738
739
740
741
742
745
716
747
743
792
793
794
799
801
S02
803
SOS
809
sio
811
812
817
819
820
321
•822
859
861
864
865
866
€67
869
870
871
872
873
S78
879
880
881
882
883
884
885
S86
887
888
932
933
935
936
937
938
939
940
941
912
943
944
945
986
987
9S8
989
990
991
992
993
997
998
999 1031
1032 1034
1037
1039
1040 1041
1044
1045
1046
1049
1050
1051
1052
1053
10S2
1083
1084 1085
10S6
1087
10S9
1090
4097 1098
1099
1100
1146
1178
'forth Half 13th- District, Isf
Scclit
15
16
17
18
48
49
51
81
232
233
266
295
296
297
298
299
360
361
loth District, 1st Section.
352
357
358
378
379
3S0
*432
433
457
458
465
466
467
483
484
485
486
State Debts.
The debt ofLousiana, divided among^
free.white population of that State, is attl |C
rate of $130 forpach white man, woman 0,
child. The debt of Alabama is at the raj*
of $45 66 for each while person ; the debt
of Mississippi, $40 98 for each white f e j’'
son; the debt of Maryland, $40 for eaC .
white person ; the debt of Pennsylvania,
$20 40 for each white person ; that of ^
York $8 96; that of Ohio $7 18 ; andtn* 1
of Georgia, three dollars and nineteen ceiU-‘
Desolation.—Midnight upon the tempest
is desolate, yet there is grandeur and sublimity '
the scene; the starving outcast upon the bias'
heath is a pitiable object for humanity to
plate ; desolation is in the bowl of the hurricafl-
and the scream of the night bird in the w
is dreadfulbut a tap on the shoulder from a 0 J
with not a cent in your pocket, is a thunder P®
from the regions of mortal terror, menacing a
with the dismal horrors of a j ail,
A destructive Fire occurred in Richmond, ' 1 ,
ginia, on the 23d inst. Lost between twen y
thirty thousand dollan.