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AUGUSTA HERALD.
TUESDAY, MARCH 24, ism.
A 3 rORVI of rain of more than ordina
ry violence was experienced in the states of
Pennsylvania and New-York, and through
out the Ne.v-Eugland states, and which
combined with the thawing of the snow,
raised the rivers and water courses through
out the whole extent of pountry to an un
common heighth, and the loss of Mills,
Bridges, Manufactories, &e. &c. has it is
s&id been immense. To several accounts
already published on this subject, we add'
another this day from the Albany Argus.
\VE re-publish an article this day from
the Savannah Republican, respecting an af
fair with the Indians ; it is given in that pa
's per as a report merely ; and we publish it
with a belief, that it is a report without any
foundation in fact.
Important—if True.
We are informed that a respectable far
mer who was in town yesterday, reported
that an Indian runner arrived on thefroutier
of Tatnall county,on the 11th inst. bringing
information that the savages had made an
unsuccessful attempt to surprise the forces
Hiuler Gen. Jackson at a place called the
Huannoek, near Flint river. It was night
when our army was assailed, but so well were
their arms dire cted,that FIVE HUNDRED
of (lie enemy were left dead on the field, and
among them several whites and negroes. All
the wounded were carried otf; so that their
I exact loss could not be ascertained. Jackson
is represented as having lost one hundred
men iu killed and wounded.
[Savannah Repub.
Move Indian Murders.
The people inhabiting the southern sec
tion of this state, have so long exposed
to the tomahawk of the ruthless Indians,
that we hoped ere now to have heard of
some measures being taken for their securi
ty: hut from the following extract of a let
ter to a gentleman in this city, it appears
that our hopes have b i en vain. The fault
lies somewhere: it ought to be redressed.
Humanity and every blander feeliug implan
ted by nature in the human breast, as well
as our laws, make it the imperious duty of
those in authority to arrest this waste of the
lives of the most useful class of our citizens,
by the ferocioes demons of the wilderness.
“ Bethel (Glynn county, Ga.) .March 13.
“Having written you two days ago, I
have nothing to communicate, but the dis
agreeable news (which 1 have just received
from unquestionable authority) that one hun
dred Indians have been seen sixteen miles
from ihi* place oil the 3atillas—Two nr
three days ago, they killed a white man.
The people are all moving off as quick as
they can; and, if some assistance bo not
given us, we shall be obliged to remove
likewise.” [lbid.
[The following article having been handed
us too late for our last paper, the writer
will we trust excuse its being delayed to
the present one.]
FOR THE HERALD.
I OBSERVE in the last Chronicle some
•Remarks on the subject of two subscriptings
opened in this place, having for their object
the establishment of two new Bulks here.
Without regard to the origin of such institu
tions, 1 take the liberty of adding an obser
vation or two upon what lias been said,
and to correct what, for want of more pre
cision, may peril tbs be an erroneous idea
It is stated that " the capital of the two
Banks here does not exceed one million of
dollars ; the exports are conjee Hired to be
at least nine the obvious inference from
which is a deficiency of actual capital of a
bout eight millions of dollars, and from this
is deduced the necessity of some m ire moni
ed institutions to supply this deficiency.—
But if the actual banking capital slypild not
iu fact be above a million, the bank issues
may be at least three millions ; and besides
this, every individual purchaser of the rich
% products of our country, brings into the mar
ket all his private capital, nor does he re
sort to the hanks till his own active funds
are found insufficient to answer his purpos
es ; nor till he wishes to have the benefit of
his ereditas well as of his money; now what
the gross amount of ail the private funds of
the purchasers of produce here would be, in
dependently of the banks, it would not per
haps be easy to determine ; the amount
must obviously be very considerable ; for
many large purchasers of produce do not re
sorl to the hanks at all for aid. but find a
sufficiency of capital iu their own resources.
Applications- to the banks are not always,
perhaps not often made, by persons of the
largest monied capita!, but are rather con- j
fined to those who without this advantage I
have snifieient erf .lit either by themselves j
or friends to obtain a loan of the sums they
in iv be iti need of. A person for instance
may have a capita! in money of eight or ten
thousand dollars and twice that amount in
real t state ; he lays out hi* money in the
purchase of produce, and would be williug
also to invest the amount of his real estaie j
' in the same kind of property ; this in the or- |
dioary course of business he could not do (
without au absolute sale of his estate wlijeh j
be might sot be disposed to make, or he I
might not be able to find a purchaser to his
mind : He can however go to the hank and
obtain a credit there which shall bear such
a proportion to the value of his property as
it may be found to the mutual interest of the
parties to have thus furnished. Tims is the
, monied capital of individuals increased, and
j the three millions of bank issnes brought in
to operation, and the whole will probably
form a capital as between four and five mil
i lions, exclusive of the funds of the Branch
• , Bank of the United States, w hich must in«ke
an important addition to the monied capital
•| of the place. But whether the whole is an j
, ; amount sufficiently large to render new fa- j
| cilitics unnecessary may be a question wor- i
thy as consideration.
- j
ficial to the sellers of produce, that there i
should be as much competition as possible 1
among purchasers, as thereby the price of j
| articles is increased, and commercial equali- i
ty more extensively promoted.
It was the opinion of the persons who op- j
ened the subscriptions mentioned, that ano- :
ther bank was waited to afford the ueeessa- I
ry funds for purchasing the increasing pro
duce of the country ; probably another bank
may help to keep up its price by multiply- !
ing foods and increasing competition iu the j
market ; and possibly two more, may still I
| further promote this object. But it is not, I
presume, the primary object iu these institu- j
lions to serve the public ; interest is with in- |
| dividuals the basis of these associations; and \
s the public sanction them because the public
[ derive benefit from them. But it may not I
t be the interest of individuals to form these
associations beyond a certain extent, and it
( may not be for the public good to iucrease
I them without limit.
I The first of the new subscription hooks
1 opened here was opened by a few individu
( { als. who had an equal right with all other'
I 1 individuals to commence such an undertak
ing; the book was handed round within a
limited circle, as the projectors had au un
questionable right to choose their own asso
ciates, and to make an kffort to complete
their views, with precisely such a number,
and with such an amount as they deemed j
] proper, l'he second subscription followed |
soon after with an equal right in those who
j commenced it, to open such a paper, and
• i with equal claims with the other upon pnb
■ j lie patronage. There can be no necessity
; for considering them as in opposition to each
; other; both have a legal and legitimate ob-
J j<*ct in view, and each has a right to pursue
] its own plan in obtaining it; whether a eon
! salidatiou would he for their mutual benefit
' I or not, is another question. If both p oceed
| if will lie lor the legislature to say whether
both shall have a charter or not. Possibly
it may be the opinion of that body, that by a
! charter to each, the means of competition
j among purchasers will be promoted, and the 1
< price of produce thereby kept up ; if it i
; . should he thought that one oi/lv ought to re- ;
. j ceive public approbation, a difficulty might j
| occur in making a selection, and in this way I
both might be defeated ; and it is not de
j monsfrably certain that a union of exertion
and of interest would ensure a charter, the’
j perhaps, the most likely method of obtain
ing one. But it inis been suggested, that the
j system of banking has received legislative
sanction, and that without a charter either
bank might be organized mid go into opera
tion ; fhis is certainly true as the law now
stands; but is there any security that the
law will continue as it now is P May not a
future leg’slature so embarrass uncliitrtered
associations as effectually to impede their ‘
operations ? And if they did not, a formida
ble objection against proceeding without a
, charter is, that in a chartered in ,tilution
I however the manager* or proprietors of it
j may be changed bv death th* institution it
| self has a perpetual existence, and there is
always a visible b dy to which application
can be made lor a fulfilment of its engage
ments; bul in uncliartered institutions when
j ( be individuals forming them urn taken off
j by death, th :ir representatives must provide
| for the debts in legal order, and can give no
, preference to debts evidenced by printed
i bills, over those of common notes of hand,
and twelve months are allowed for provid
j ing for either. Therefore uncliartered in
j stitutions can hardly expect their bills to be
I so readily received by the public as those of
chartered bodies, and of course their issues
! might be too restricled to be beneficial to
the stockholders. It is presumable therefore
that the idea of either associations proceed
i ing without charter will meet but little
j countenance; and the principal subject of
consideration will therefore probably be in
arranging the plans of either, or both so at :
to consummate their views.
—— |
j Mr. Bunck,
By publishing the following Ticket
for Aldermen, to lie elected on the second
Mend ay in April next, you will oblige a
number of your subscribers
UPPER WARD.
William Gumming,
Samuel Hale,
Augustine Slaughter,
MIDDLE O' A HU,
John Camming,
' John Howard,
George H irgraves,
LOiV RR WARD.
Walter Leigh,
Asaph \\ aterm tn.
s ■
tCT* U i» with pleasure we infirm the
public, that the Mayor’s Court of this city,
I is organised, and that the first Court wifi be
I ‘lolden at the Court-House, on the third
i i’uesday iu April next—The return day,
1 will be the lOlh of April.
Farmer’s and Mechanic’s Bank.
AT a meeting of the Stockholders, hnlden
in pursuance of notice on Saturday the 2lst
instant. The Committee appointed for de
vising a plan by which addi'ional town sub
scribers might lie let in, made their report:
Whereupon it was Resolved, That the sub
scriptions for more than fifty shares, here
tofore received, should be reduced to fifty ;
and that the Capital Stock should be in
creased to One Million Five Hundred Thou
i Sand dollars.
j ft was further Resolved, That an install
; merit of two per cent, on the slock subscri
! bed for by the town subscribers, should be
! paid in. on or before the 2.5 th instant, under
| the penalty of forfeiture of Stork,
j It was further ReSolved, That a enmmit-
I he appointed to receive the required ad
vance ; which Committee should have the
| P n 'ver of calling in a further installment of
ten per cent, on giving thirty days notice,
j Notice is therefore hereby given, That the
i Subscribers will attend at the Globe-Tav-
J er,, -t on the 24th and 25th instant, between
the hours of a, A. M. and l, F. M to re
i eeive the advance of two per cent from town
; subscribers.
1 I'he Hooks will he open for subscription
i on YY ednesdav, the 25tli instant, at the same
j place, and continue open from Hal o’clock 1
| every day (Sunday’s excepted) until the
; wh le amount is subscribed for: Aud all j
| new subscribers will be required to pay two i
j P** r CPr, t at the time of subscription on the
; amount subscribed.
F. PHINIZY,
A. ERWIN, /
R. MUSGROVE, V Commiss'rs.
L. C. CANTELOU, i
T. C. WINTER, J
March 24 70
Steam-Boat Company’s OlHce.
ALL Persons having freight on hoard of
the STEAM-BOAT ENTERPRISE,
and BOATS No. 5 and io, will attend
with their Receipts, and receive their
I Goods
James G. 0. Wilkinson. Agent.
March 24 7a
theatre:
FOR THE BENEFIT OF
THE FEMALE ASYLUM,
AXD,
The Female ]3 mevolent Society
of Augusta.
On WEDNESDAY EVENING, .March
j - r,tl L will be Performed the Celebrated
| Drama, (in 5 Acts) Called rue.
FOUNDLING of the FOREST,
OH THE
UNKNOWN FEMALE.
In ACT 2d, (incidental to the Play)
A PAS SUEL,
By Miss CLARK.
End of the Drama,
THE PAVORITE SONG
LOVE AMONG THE ROSES,
By Mr. BOYLE.
A COMIC SONG,
By Mr. WEST.
To which will be added the Musical Enter
tainment of
THE PURSE,
OR TUB
BENEVOLENT TAR.
March 21 76
The Subscribers,
Have Just Received and are now Opening
about
300 Packages,
! Containing a very General and Choice Se
lection of
Spring Goods.
Which they oiler For Sale by the Piece
or Package on their usual accommodating
terms.—Their country friends and custum
i erg are respectfully invited to call.
William Sims &J* Co.
March 21 76
j Notice.
. f JHHE Partnership of the Subscribers un-
JL der the firm of Besns id Stukges, is
j this day dissolved by mutual consent. J. S-
Bkess will attend to the unsettled Business
of the concern.
J. S. Beers,
S. Sturges.
Augusta, March 20th, 18,8. 76
The Subscriber,
Having bought me stuck of dry
GOODS and HARDWARE, of thc
latc firm, offers them (or sale, at the uppei
wing of the City-Hotel, together with a ft call
1 Supply of Seasonable Articles in the above
line, Just Received.
S. Sturges.
March 24 6! 79 _
Wants a Place,
A S a Manager of a Plantation—A man
f\_ whouAvell arquanted with the business,
anti can come well recommended—Enquire
at this Office.
March 34 3t 74
rn.—.— I. .I—. .Ip.liM.ll ■■ _ r
J. S. Beers,
Continues Business at the Old Stand, and hat
oh hand , and offers For Sale very low:
A VARIKTV or
GROCERIES, LIQUORS, &c.
—VIZ—
-50 Bbls. and 2 Ilhds. N. E. Run*
3 finds. Jamaica R 'Yest-India ditto
20 Bags prime Green Coffee
25 Bids. Northern Whiskey
16 Ditto Apple Brandy
7 Hhds. Molasses
12 Bbls. Newark Cider
5 Casks best Brown Stout Portef
10 Bbls. Loaf and Lump Sugar
5 foils Waggon Tire Iron
40 Pieces prime Inverness Bagging
10 Kegs best Virginia Manufactured To
bacco
M alaga and Teneriffe Wine,
Muscovado Sugar
Shaving Soap Cotton Cards See. See.
March 24 fit 76
AUCTION.
; THIS PRESEnTdaY, at 10 o'clock
j (A. M.) will be sold, before the
, GLOBE-TAVERN, without reserve .
Hhds. Prime Sugar
6 do. Molasaes.
40 Casks Prime G >shen Cheese
20 Kegs ditto ditto Butler
1 Pipe Cogniac Brandy
100 Barrels Irish Potatoes
40 Boxes Cod Fish
100 ditto Herrings
Prime Northern Beef
New Cider in Barrels
10 Bags Ginger
18 Cases Cutlery and Hardware assorted
13 Boxes Hats assorted s'j.es
Fine Cloths and Cass&imers
1 Bale Great Coats
I Case Moroco Pocket Books
Silk, Dsmask & Cotton imitation Shawls,
And many other articles too tedious to
mention— Terms of the sale made known on
the day.
I. Thompson, Auct’r.
-ALSO-
On WEDNESDAY, the 1 ath Apnl next,
will be sold without reserve, at the Store of
Coshy Dickinson, Broad-Street, three
doors below the GLOBE- PAVERN.
HIS ENTIRE STOCK OF
Dry Goods and Groceries ,
Kales to be continued from day to-day un
til the whole are sold.
Terms of sale—all sums under one hun
dred dots, cash; over one hundred dots, and
under six hundred dels, six months; over
tlx hundred, dels, aud under one thousand,
dols, nine months; und alt sums over one
thousand, dols. twelve months credit, with
approved endorsed paper will be required.
Ishaiu Thompson, Auct’r.
March 24
“auction.
On MONDAY, the 30th inst. will be
Sold at Thomas S. Oliver’s
Store, without reserve •
His Stock of GOODS,
Consisting of a General Assortment.
Terms—Wih—- I'lie Kale to commcnco
at 10 o’clock, A. ,YI. and continue from day
to-day, until the whole are sold.
Fraser &c Bjvvdre, Auct’rs.
March 13 73
London Pouter,
PORT WINE and
Real Hollands Gin.
for half by
Penn & Jackson.
March 17 74
“clerk "wanted.
WAN 1 El) a Man that is acquainted
with the Dry Good Business—a liue
directed H.'M. and left at this Ollier, will be
duly attended to—Satisfactory References
will be required.
March 24 76
~ Will be' Sold,
At Franklin Court- House, on the first Tuesday
in May next:
Two Likely Geldings and one Cow,
the Property of Lanin tiaasOii, deceased,
l'erms of sale made known on the cLv.
Redfun Weems, Adm’r.
Mach 17 7b
WILL BE SOLD,
On the first 1 ucoduj m Jum n,xt at Franklin
Court-House agreeable to an order of Court,
A Tract of Land containing Eighty
Acres, wuiim one suite ol said Com t-House,
ALSO,
Two Lots in the Town of Carnesville, with
tolerable improvements, &c. as well also, as
,ne half ac>e Drt, adjoining said Lots. Term
made known on the day.
Sampson Lane, 7 Adm'r.
Matilda Bagwell, j Admr'x
March 17 74