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. i "1 'I .I.' 't . !ii! ™ 1 ' I ■■ ——i■—■—■ i i 15Y A. 11. & \V. F. PEMBERTON AUGUSTA, SATURDAY* NOVEMBER 28* 1833. VOLUME 50—NO* 3. Published every SATURDAY Morning: Xu, 801 Brwud-SlreoL. opposite the MASONIC HALL. teiuusT FF.ML-WEEKLY PAPER, FIVE DOL LARS pei i.inum, payable in advance, or SIX DOLLARS at the end of the year. WEEKLY PAPER, THREE DOLLARS per annum, payable in advance, or FOUR DOL LARS at the end of the year. No paper will be discontinued (except at the Phoiee of publisher,) until all arrearages are paid. ADVERTISEMENTS are inserted semi-week ly at 62A cents per square, for the first insertion, and 43j" cents for each succeeding insertion— ■weekly, at 02J cents per square for each insertion, and monthly (when not exceeding one square) at §1 for each insertion. None, however small, is charged less than one square. Those intended to bo limited must have the number of insertions, temi-weekly or weekly, written on them, or they will be inserted semi-weekly till forbid, and char ged accordingly. The publisher takes upon himself the risk of all remittances of money made to him by Mail— the person remitting, first paying the postage, and obtaining from the Postmaster, a written or verbal acknowledgement of the amount, and of its depo ite in his office, to be given to the publisher in esae of miscarriage. ■p u Executors, Administrators , and Guardians SALES of LAND or NEGROES, by Admin istrators, Executors, or Guardians, are required by law, to be held on the first Tuesday in the month, between the hours often in the forenoon, aud three in the afternoon, at the Court-house of the county in which the property is situate.—No tice of these sales must be given in a public gazette, SIXTY days previous to the day of sale. Notice of the sale of personal property, must be given in like manner, FORTY days previous o the day of sale. Notice to the debtors and creditors of an estate, thust lie published for FORTY days. Notice that application will be made to the Court of Ordinary for leave to sell LAND or NE GROES,must be published for FOUR MONTHS. AUGUSTA ! Wednesday, November as* iß3r>. “ Be just, ami fear not," THE COTTON CROP. In this morning’s paper will be found an inter esting communication, on the subject of the Cot ton Crop of 1835, over the signature of “A Cot, ton Planter,” which will amply repay all i - terested in the staple article of our country, for an attentive perusal—and we recommend it to the attention of our readers generally. The writer very candidly tells his readers that he is interested in the price of Cotton ; but, his statements are not the less Worthy of credit, on that account, for all or nearly all, who give Us their opinions on this subject, do it from motives of self-interest; and, from our personal knowledge of oUr able and worthy correspondent, We can safely say, 1 that vve know of no individual whoso statements < on any and every sul ject, are more worthy of the I implicit confidence of the Planters of the South. I He is incapable of wilful misrepresentation, and t we hope his calculations, which, to say the least t of them, arc reasonable, will have their proper r effect. t I LECTURES ON PHRENOLOGY. ( Dr. Rodehtson has progressed as far as three Lectures of the proposed regular Course, on the Science of Phrenology, which have been listened to by numerous and highly delighted audiences j of both ladies and gentlemen. The Lectures al- ready delivered, have been confined to prelimina ry subjects ; and in the next, which will be do- J livered Tins Evening, at the Masonic Hall, Dr R. will commence a particular inscription of the difibrent Organs. —The success of the able Lee- ' lurcr, so far, has surpassed the most sanguine ex* pectations of his friends, as well as of the advo cates of the science itself. ALABAMA LEGISLATURE. Both branches of the Legislature of Alabama convened at Tuscaloosa, on Monday the 16th inst. Mr. Samuel D. Moons, of Pickens coun ty, was chosen President of the Senate, having received a majority of 10 votes over Mr. RatKehi 1 of Morgan county. — Mr. McClung, of Madison county, was elected Siicakcr of the House of 1 Representatives, by a majority of two votes over Mr. Phelax. The Montgomery Advertiser states that the 1 Union party have a majority on joint ballot, but Mr. Phelan, the Union candidate for Sjieakcr of the House of Representatives was defeated, ns will be seen above, at which the Advertiser ex presses its regret. GEORGIA LEGISLATURE. Senate, Thursday Nov, 19. — Mr. Sellers re ported a hill lo explain and amend the Estray laws. On motion of Mr. Woon of Mclntosh, the Committee on Banks was discharged from the further consideration of the Bank reports refer red lo it, and they were referred to the Committee on the Central Bank. The hill to prohibit the circulation of all Bunk hills under the denomination of Ten dollars, Was, on motion of Mr. Steelman, laid on the tabic for the remainder of the session—Yeas 58, Nays 23. House, Nov. 19.— The hill to provide for the call of a reduction Convention, was made the or dcr of the day for Thursday next. The bill to amend the act of ’33, incorpora ting the Central Rail Road and Canal Company, and give Banking privileges to the same, was ta ken up by sections, and on the reading of the 2n4 section, on motion ol Mr. Gordon of Chat ham, it was so amended us to limit the extension of the capital stock to five millions—to authorize the application of onc-half, instead of “ one third” of the said stock to Banking purposes —to authorize the corporation of Savannah to ap point the Commissioners—and to require said Commissioners to keep open the books for sub scription, two days. In section 4, on motion of Mr. Gordon, the ‘ blank number of Directors, was filled with the word “ nine.” On the reading of section 5, Mr. Mf.rriwkth t« moved to amend it so as to prohibit the Com pany from applying any part of its funds to ; Banking purposes, or any other purposes than the advancement of the Roil Road, till said Road 1 should be completed; and, in explaining and ad vocating this proposition, he said he had no ob . jeetion to the Rail Road itself, and was decidedly . in favor of it; but that he had many objections to connecting a Bank with it and particularly ’ such a Bank as this. Os the five millions of the capital stock required, one half was to be devoted t to Banking purposes alone. Here was a proposi ’ lion to create another Bank, with a capital of two and a half millions, and the privilege of issuing seven and a half millions of Bank paper! Why this was nothing less than another “ monster.” , He was decidedly opposed to vesting such enor , mous power in the hands of a few individuals, though he had no objections to investing two and a half millions in the Rail Road, apart from a Bank. But in addition to his objection to the Bank itself, as it now stood, it threw no efficient guarantees around the rights of the people. There was no guaranty that the Rail Road would ever be completed, and it seemed to him that the Bank was the great object, and not the Rail Road. He thought that while legislating for the stockholders, they should pay some attention to the rights and interests of the people; and where were any proper guards upon their rights and interests to be found in this bill 7 Where was any limitation lo the duration of the charter 1 It might continue to the end of time! [Mr. Gordon- said the gentleman would per ceive that there was a restriction as to time in the section.] Mr. Mf.rriwf.ther said he was aware of the restriction referred to, but that restriction opera, tod only on the exclusive privileges of the Bail Bund, anA not on the duration of the Company, or its Banking privileges. The bill before them granted greater privileges than had ever been con ferred upon any company in the State; and though he was desirous that the wot k should go on, he was not willing to give unlimited privileg es to the company, and felt bound to consider the general interests and privileges of the whole State and people, as well as those of any particu lar enterprise or chartered company. Mr. FLKMtxn said that the amendment propo sed, would, if adopted, completely kill the bill, and therefore, the whole merits of the bill might properly be taken up in opposition to it. Much had been said on the importance of internal im provement; and It was admitted that something ought to he done, and that the people labored un der great disadvantages, for want of them, which ought to be corrected ; but as yet we had made but feeble and ineffectual efforts to grant them re lief. The public roads had been merely widened and straightened, and some little almost useless attention had been paid to the rivers. But the main object of internal improvements—a reduc tion in the cost of transportation to and from mar ket—had not been attained. What then should they now do 1 If former efforts had failed should they now give up, and fold their arms for the future 1 Or should they still go on, and, prompted by a just and noble State pride, struggle for the accomplishment of the great ends before them, and imitate the laudable examples of their sister States 1 Among the objects of interest be fore them, what could be more important than their principal seaport 1 Every man in the State was interested in the prosperity of that port, and the moans of promoting it were now before them —the only means, it seemed to him. And should they reject them 1 Why what was asked 1 There was no application for money. All the people of Savannah asked, was the privilege of using and exerting their own means; and in ask ng for Banking power, they desired nothing more tpan it was customary lo extend to such cities, and desired to hold them out as inducements to capitalists to vest their money in the improvement of the city, which could not bo expected without giving them an immediate bonus on a part of the money invested, since they would not he willing to wait for all or any return, till the Rail Road was completed. It was contended that Banking pow ers would retard, rather than promote the under taking, since there was no assurance that the Di rectors would complete the Road. But gentle men would see, by reference to the hill, that it was made necessary by the provisions of the charter. Mr. Fleming here read the 9th, 10th, 11th, and 12 th Rules of the charter; and did not those, he ask-1 cd, shew that the Rail Road was to be done, and | must be done; and required the company to keep the work constantly progressing, till it was com pleted 1 Gentlemen contended that the charter before them involved an enormous increase of Bank ing capital. Why, if granted, there would still he a deficiency, as to the present amount, when that of the U. S. Branch Bank was removed. The gentleman from Chatham had shewn, too, that there was a great disparity between the Banking capital of Savannah and Charleston, in consequence of which, the merchants of Charles ton could obtain and extend credits to the extent of nine and twelve months, while those of Sa vannah wore limited to sixty and ninety days— the Banking capital of Charleston, being ten mil lions, and that of Savannah only one and a quar ter million. Would the people of Georgia con sent to give Charleston such an advantage over the commercial capital of their own Stale 1 It was tins want of Banking capital that cramped the business of that place, which needed as large, if not a larger amount than Charleston, since its annual exports were 14,000 bags more than those of Charleston. The business of Savannah could not have been done, but for the facilities furnished by the U. S. Branch ; and could not be done here after, if its removal was not supplied by another Bank, and it was natural that the country mcr ie chants should go to Charleston, when they found that more extensive and liberal accommodations could be obtained there. Did it not become a wise Legislature, lo give its own people equal privi -0 ges with their rivals 1 There was no want of a shipping at Savannah ; and vessels could take in J twelve or fifteen hundred bales at the wharves, [. and, after dropping down two or three miles be low, receive more, which they usually did with y out any increase of expense to the shipper. 3 There were no material natural disadvantages at y Savannah, and all it wanted was equal artificial e advantages with other places. It had a right to J expect from that body equal legislative ones, and i- to complain, if it did not receive them. They o ought to grant it these, and then, whatever the re g suit, they could not complain, y Gentlemen were opposed to granting Banking ” powers to this company, and also to the provi r- sions of the charter, and thought that Savannah i, had too much Banking power already, Could d they believe it had tod much, with nine millions a less than Charleston ; or that better security was 0 given by any other Bank than this 1 It gave t similar security as other Banks, and not only j. supplied the capital evidently wanting, hut at the J same time advanced the great interests of the e Rail Road—and the Rail Road itself, beside the 1 usual securities, was pledged for the redemption r of its hills. If the Rail Road was not carried on, i Savannah must still languish and decay | it evi -1 dcntly could not be carried on withoutXhc Banking s ptivileges required—and these, if granted, would 3 effect the two great objects desired, and probably ! render that city at an early period, what it onght to be, the pride of the South, but particularly of - Georgia. 3 Mr. Tarver said this was a plain question. Who were to be bcnciittcd by the privileges ask ; cd 1 The agricultural men of the State; and who cared what Banking privileges were given to ! Savannah, when the planters were to ho benefit , ted by them 1 The day had arrived when it was , necessary to do something in the way of internal . improvements. It was time that the hack bone 1 of the country began to operate. He meant the > agricultural men of the State. The gentleman • from Chatham had justly observed, that if the a ■ mendment proposed was adopted, it would defeat i the hill; and ho would ask gentlemen if they , Were prepared to do that 1 Was it to ho expect ed that capitalists would permit their capital to lie idle for six or seven years, till the Rail Road was completed 1 Ho Was opposed to granting great Banking privileges, but thought that those asked were not too large, and that those who ask ed them had great and just claims. The State of Georgia exported more, single-handed, than any ’ other State in the Union; and should they not fo*- lerits principal sea-port and put it on a footing witholher cities 1 Mr. Kenan said ho was glad to see that the gentleman from Putnam was opposed, not to the Rail Road itself, but the manner in which it was designed to effect the construction of it. Ho seemed to doubt that it would ho constructed by the means proposed; but did not the bill shew, that a certain amount of money was to be expend ed on it each year, till it was completed? Was it not desirable, that the people of Georgia should have a Rail Road from Savannah into the interi or? And had not the gentleman from Chatham shown us that it could not bo effected, except by the means proposed ? Was it not lime that they should do something ? And should gentlemen oppose this Bank, however opposed to Banking generally, when they saw that it was devoted to such an end, and was (he only means of effecting so desirable an object ? If the gentlemen of the East could effect this object, they would be enti tied to the gratitude of Georgia; did it become the representatives of the people of Georgia to debate such an object on the principle of dollars and cents! If the Bank was objectionable, why not restrict it so as to mtike it satisfactory?. Was it not right, that capitalists should receive some part of the interest on their money, before the Rail Road was completed ? And if the Legisla ture could have every guaranty of the success of that Road in six or seven years, he thought they 1 should not hesitate to give the means. While other Legislatures are doing every thing for the improvement of their respective States, shall tlie Legislature of Georgia do nothing ? The pro ject before them was for the benefit of the people of Georgia, and it was certainly right that the representatives of the people of Georgia should grant the means of effecting it. Mr. Hudson said that the project before them might look well on pa|ier, hut could not stand the i tost of fair examination. Without taking the ( whole ground of objection now, he would mere ly point out some one or two of the specious and delusory features of the bill. But first, he would beg gentlemen to consider, that this combination of a Rail Road and a Bank, involved a new and , untried principle, and it seemed to him a danger- j ous one. It was one, too, that could not stop | here, hut must proceed onward to a great and dangerous extent. It was unquestionably the | most important measure that had yet come before that Legislature, or probably could come before it, and it behoved gentlemen to deliberate upon it and its probable consequences long and well, ere ; they gave it their irreclaimable sanction, and fas tened its new and dangerous principles forever ■ upon the State. If this bill succeed they would i have a dozen other similar ones immediately hc ■ fore them ; and for his own part, while he would ■ oppose all such applications, from any quarter, he ’ would heg gentlemen to consider, whether they t could consistently and justly grant this one, and 1 then refuse any similar one from others 1 He , was not opposed to Savannah, or to granting it s any just and reasonable privileges ; and if it e would shew just claims to further Banking privi- J i e ges, he would cheerfully give them, separately, i but could not consent to do so in the dangerous g h a pe in which they were now desired. He fear ■r cd the consequences of the connection here aim t- cd at; and, now was the time to consider them, J I and stop them if dangerous and impolitic.—o 5 I the #750,000 of stock proposed to be first caller c in by the company, #260,000, only was to be dc • voted to the Rail Road, and the half million ti f Bunking purposes. The $250,000, to bo devo 1 ted to the Road, would build, probably, twenty ; > miles of it, only ; and while that was going on ' the Bank would have power to issue, on its hal ' million of stock, one and a half millions o • Banking paper. Now, might not a large porlior 1 bf that paper, at least, instead of being loanei I out on good security, be paid to the laborers or 1 the road ; and if such were the case, where wouk ' be the means of redeeming it, if returned upot r the Bank ? When the bills of a Bank got out tc ' the community, it should bo on just grounds foi their redemption; and it was the duty of the Lc I gislature, in granting a charter, lo provide all rea • sonable guards again their going out in any othei i way. Every one knew the results to the commu nity, in the cases of the Bonk of Macon, the 1 Merchants and Planters Bank of Augusta, ami 1 the Farmers Bank of Chattahoochee. -The plant -1 era who hold those bills in one case lost the whole amount, and fifty per cent, or thereabout, on the 1 others ? Ought they not, then, carefully to pro -1 vide against similar results in future, in giving a charter to a new Bank ? Where was the provi sion for a specie capital, in the kill before them ? He knew that it provided that the kills should be paid in specie on demand, under a liability to damages of ten per cent. But the holders of the bills, particularly at a distance, would generally prefer, on the failure of Hie Bank, to take what they could get at once, rather than incur the trouble, risk, and expense, of entering suit al Savannah. Should the Bills go into the hands of the laborers, where was the security for their redemption; and who would suppose that such laborers could await the time, or incur the ex pense, of suits against the Bunk ? Ho should vote for the amendment offered by his colleague, to restrict the Bank properly, if it should pass, and also against the bill itself, as it then stood, from opposition to the new and dangerous con nection it involved ; and lie thought tho friends of the bill would do well to separate its two ob jects, and present each for consideration on its own merits. The common sense of every gen tlemen on the floor, should prompt him to pause, and consider well the consequences, before ho consented to establish a new and alarming princi ple. Others would want similar privileges, and how could they refuse them after granting these? He thought the section now before them parlicu , larly objectionable, for the reasons lie had given ; and ho had decided objections, also, to other sec tions, which ho would stale as they came up. Mr. Gordon of Chatham, said that from the arguments of the gentlemen fiom Putnam, it would seem that they wished lo make the impres sion, that they were opposed, not so much to the objects of the bill, ns to this particular hill itself. But was there anything in their arguments to shew that they would vote for a different bill 1 The gentleman who spoke last, acknowledged, that after voting for the amendment, ho would vole against the bill even if that amendment were adopted; while the former was unwilling to trust the people of the East with a Bank of two mil lions. When the people of Charleston applied to the Legislature of their Stale for a Bank of two millions, were they told that it would not trust hem / And why wore the citizens of Savannah less worthy of such a trust than those of Charles ton ? The people of S. Carolina evinced always a ready willingness to foster the improvements and resources of their own Stale, and they neces sarily flourished under such auspices. In addi tion to tho new Bank in Charleston, another had been established in tho town of Aiken ; and he held in his hand a recent publication, shewing that it was probable another would be established, this year, at Hamburg.—Mr. Gordon here read the correspondence between Mr. Shultz and Gov. McDuffie, in a late publication respecting the project of a direct trade with Germany. What was the object here proposed by Mr. Shultz ? To draw the products of Georgia to Hamburg, and from there lo Charleston, and thence to Germany. And what did tho Governor answer ? Did he intimate that he was not willing to trust tho peo ple of Hamburg with a Banking capital of one million? No. Did lie disapprove the application or stamp it witli Iris decided approbation ? Did he tell Mr. Shultz that Ills object was the Bank, and not the trade with Germany ? Or did he not tell him that the Legislature would no doubt give him every Banking facility consistent with i its general views of Banking policy ?—Every reasonable facility was thus to be afforded to the Commerce of S. Carolina; and why should not the same he done to that of Georgia 1 It was said that the object of the hill was the Bank, and not the Bail Road ; yet he had shewn j ’ [ that he had been called upon lo support a Bank j without a Rail Road, and had refused to do so preferring the present project, by which the Bank i could bo made subservient to the Rail Road. Did this look as if the Bank was the great object of interest, rather than the Road ? It was complained that a disproportionate amount of the first stock called in was to be de voted to the Bank. True, of tho first #750,000, #500,000, was to be used for Banking purposes, and $250,000 for the Rail Road; hut the latter sum was as much as would Iks wanted by tho Rail Road till the nett instalment was received ; and more would remain idle, if not used hy the Bank. Tho next instalment would he devoted entirely to the Rail Road, and none to the Bank. And of the third and lust, half would be devoted to the Rail Road and half to the Bank. The extension of the charier, was for thirty-six years, when its exclusive privileges would expire, if not again renewed; and he was willing that the exclusive privileges should he stricken out, for there could not be any competition, after the work was commenced. A reservation had been made in it, to any other, of tho light Os to cross it with another Rail Road at any place 0 j and its only exclusive privilege was against ant lc- one running parallel with it. to It was said that if this bill passed, every othei 0- Rail Road would require similar privileges. Al ty he asked of gentlemen was, to take this upon it n, own merits; and when any other presented itself df with equal claims, ho would be willing to extern of to it equal privileges.—He was willing to amend )n so as to apply a certain sum to the Rail Road each ed year—and to require it to he completed within a m certain time. He did not want the company lo jj come here again, for an extension of lime ; but ,n give them a liberal time, and if it was not then to done, he was willing that the charter should he or fefkiied) not on ly for tho Rail Road, but for the c Bank, also.—He was surprised at tho doubts ox pressed for the security of tho bills, since the Bank i r was allowed to issue, not to three times the amount of its whole capital, like other BafiTis, but only lo u- , 1 . J jo three times the amount tit one half of its capital. One gentleman was opposed to gtiiiltiruj d Dank charier at all, while others said that if Banking j o capital waa really wanted, they were willing lo grant it, apart from tho Rail Road. He hud 10 shewn that they did want it—not only by tho 1- _ a exports of the city, but by a memorial, signed hy one hundred and fifteen of tho citizens, including 1 tho most respectable and influential, as well us the most humble, and not only by those who 0 wanted a Hank, but hy mechanics, and tho officers (< of existing Bunks, and all others interested in the welfare of the city. The supposed value of the Exports of ’35, was ten millions—exceeding tho c Exports of Charleston in value, as well ns extent j —while tho Banking capital of Charleston was s ten millions, and that of Savannah only one and r a quarter millions. Savannah could not have competed with Charleston, but for the facilities afforded by the U. S. Branch Bank; and this j was about to bo withdrawn. Gentlemen must , see, then, that Banking capital was wanted ; and if they were willing to grant it, how could they ’ do so in a bettor way, than for tho completion ’ also of tho Rail Road, which they professed to * approve, and which could not he effected without J* it? Gentlemen feared that the bills of the Bank would be used to pay the laborers on the Rail '' Road; hut they must sec on examination, that ’’ (lie two objects had no such connexion, since c money was to be provided for both objects at the same time—for tho Rail Road as as tho L ' Bank. They talked of its immense capital, too— * a capital of three millions —for it was no raoie, *" unless tho Rail Road required it—and five millions i only in case it did; for they were authorized to Call in capital only so long as tho Rail Road re quired it. e If the amendment of the gentleman from Pul t nam prevailed, it would assuredly kill the bill, - since it struck out the leading feature of it, and j the only inducement it held out to capitalists to . vest their funds in the Rail Road. It required > that tho whole amount applied lo Banking pur -1 poses should lie idle, till the Road was completed; j and did not this again present the great objection I as it stood now, without tho bill, that capitalists ; would not invest their money, without the pros it pect of its being productive at an earlier period ? . He hoped that gentlemen would consider, before | they Voted for that amendment, whether they f were willing to do anything for Savannah or not, Had not something ought to be done? It was the ( largest exporting city in tho Union, on its own resources, or those of its own State. The Bx , ports of New Orleans, New York, Boston, &c. , he know were larger; but they were drawn from other States. Mr. Mr.iißiwETiiF.n said that he was not actu I ated in tho course lie hud pursued, hy opposition j to Savannah or tho Rail Road. Ho decidedly r approved of the Rail Road, and entertained the kindliest feelings toward Savannah ; and if it I could he r.liewn that she really needed Banking 1 capital, he would cheerfully vote lo give it lo her , under proper restrictions, but ho could not lend [ his sanction to such a charter as that before thorn ( The gentleman from Chatham had said that tho I privileges granted to the Company would ho for feited if the Rail Road was not completed. He , agreed with him that the privileges of tlie Rail Road would he forfeited, hut not those of the , Bank. There was no provision for the forfeiture i of the Bank, or limitation lo tlie term of its ex istence, and— [Mr. Gordon said that an amendment, to nice: the objections of tlie gentleman, was prepared; , and would he offered.] i Mr, Merriwether continued—No such a t mendment was before the House, and could not, j therefore, he considered hy him, till it was. As I the hill stood, it provided no limitation except for the exclusive privileges of the Rail Road, s while the Rank was lo exist in perpetuity, lie l doubled that there was a want of Banking capital i in Savannah, if there was, why had such capi tal been transferred from there to other places ? t In addition to previous transfers, the State Bank 1 had recently transferred one hundred thousand f dollars of its capital from Savannah to Athens: and why was this done, if Bank capital was e wanted there ? Would it have been done, if such wore tho case ! He presumed that Bank would naturally desire to employ its capital in the most i, profitable manner; and While the use of it in Si r vannah, if it could be used, would incur no ad e dilional expense, in Athens it was subjected to ; the increased, anil also useless expense, if it could e 1 be employed in FaVannah, of a new Banking d house, and the salaries of several Bank Officers, t. Was it reasonable to suppose that all those draw d backs upon the, profits would voluntarily be in curred, if the capital could bo used in Savannah x 1 without them 1 The same Bank had also made 3. 1 previous transfers of its capital to Auguta, u j Washington, Eatouton, Grcensborough, Milledgc -1 ville, and Macon, under all tlie same additional ic I expenses in each case; and why all tois, if it in | were wanted in Savanna!)? —I he Planter s Bank, ,t too, of Savailnah, had a charter for mar a mil- «; lion, and had not disposed of one half of thai iy amount. Why was this? If more capital were wanting, why had not more been disposed of? er How would gentlemen answer this ? He begget II them to look at the facts, as the]? sto’od, and say In if they justified tlie belief that more capital was |f t wanted. As to tho removal of tho U. S. Branch ,j Bank, he understood that the Augusta Bank had purchased it, with the view df continuing its fa ll cilitios. He cared not, however, what Banking a facilities were extended to Savannah, if the in -0 terests of tho people were at tho same lime pro t perly protected against abuses of them. He n would vole for the present bill under such circum stances, but not otherwise. What cared the le stockholders for those interests, or any interests [. but their own ? They wont for the profits only, k and cared not how the interests of the people it sunk, so they could swim successfully', o In addition to the objections already mentioned, I. therd were others, of extraordinary magnitude, k No specie capital Was required, fdr the Batik in g question. Ho could not sec ili the bill, any requi o sition that it should have a specie capital. This, J of itself, was an insuperable objection to the bill; e and he trusted would bo so to every gentleman on V that floor. Ho was ready to faster Savannah, [ consistently with tho interests of the Whole peo s pie ; and if Iter Kail Road could riot bo effected 3 in any other way, he would go for the Bank dc s sirsd, under proper restrictions. He felt a proper s pride in Savannah, ns the great sea-port of the s State, mid that her true intere Is were those of 0 tho whole Stale, and ought to be earnestly chcr t ished and fostered when they were not improper , ly made to conflict with them. It waa lamenta ble to sco that she had boon going down for years, 1 and he sincerely hoped that it was for waul of i Banking privileges only; but did it seem so, i from tho facts ? Could any one believe it so, after I examining those facts ?—lt was said that no per l son would vest money in tho Rail Road without r such ptivileges as those required: Could any i One believe this to bo tho fact, if it was, as he j believed it, a proper enterprize, with reasonable t prospects of being a profitable one ? Look at tho Rail Roads finished or commenced in the i Northern Stales, in Europe, in South Carolina, I and in Georgia. Had all or any of those, Bunk : ing privileges ! No, sir ; and why cannot this > he prosecuted without shell privileges as well as 1 them ? If the investment was a profitable one, ) it would find capital, ns others had done, under - the general consideration, that if that capital '» would lie idle for a time, they would he fully re s numerated for it hy the future benefits and profits 0 of the Rail Road.—‘Gentlemen said that the " amendment would kill the bill—he could not see it—eould not sec why tho Road might not still go on, without any connection with a Broker’s ' shop. Ho was not opposed to the Road, nor lo Savnnrtnli—nor to giving proper Banking privi leges lo that city—and if gentlemen would con sent lo amend the bill, in this mid other sections, so as to protect the interests of the Slate and peo ple, ns well ns those of tho Dank and the Stock holders, ho would cheerfully vole for it; but Mot otherwise, Mr. Gordon of Chatham, said that if new ob jections had not been made, he would not have risen again, The gentleman from Futnam had shown iliat he would not go for the till, unless it was so amended as to be not worth the ink and paper that were expended on it. He said there was no provision for a specie capital, too. Let him look at the 11th section, which required that the Bank should not suspend or refuse payment in gold and silver—did not that show that it must have a specie capital ? The question, on tho amendment offered hy Mr. MEnmwETHEn, was then put, and decided in the negative—yeas 50, nays 105. The other sections wore then read, to tho end, and some amendments were made, hy filling up the blanks, and otherwise—-the most important of which wore, to require the road to bo com menced in two years, and completed in eight years) to limit the duration of tho Banking privi leges, and tho exclusive privileges of the Rail Road, lo Iwcnty-fivo years; and lo prevent the issue of hills to more than three times the amount of the Banking capital. Mr. Claxton then offered an additional sec tion, making the private property of the stockhold ers liable for the payment of the bills ; giving the holders of the hills a lien on said private proper ly for three months previous to any suspension of payment on (lie pan of the Bank ; and authoriz ing the holders of the hills to sue any of tlie Stockholders, collectively or individually, for the amount of any lots they might sustain fiom tho depreciation of the bills. Mr Hariifs of Warren offered a substitute for the above, making the persons and properly in the Bank liable for the redemption of its hills in proportion to the amount of stock subscribed for by each; and for the ultimate redemption of ail hills issued during the time they are stockholders. Mr. Gordon of Chatham offered a substitute for both the ab ,vc, providing “that the persons and property in the Dank shall be pledged and bound in | roporlion to the amount of the value 1 of shares that each individual or company may t sulwerihe for or hold in sai l company, for the ulti mate redemption of the bills or notes issued by and from the said company, in lire same manner , as in common commercial cases or simple actions I of debt. The bill and naicn.bncfilt, wore then laid on the tattle for the present. i. Senate, Nov, 30.— Bills were reported, hjr Mr. Bauer, to incorporate the Macon Steam Boat , j Company—'ey Mr. Walk kr, to confirm, in the , | City Council of Augusta, tho title to the South 1 and East common of said City ; and to attend . an act incorporating the City Council of Angit-ta. i and the. several acts amendatory thereof—hy Mr. I j McCall, to repeal the 30th section of the Mth ) I division of the Renal Code— hy Mr. Hepburn, - * to amend the Oth Faction of the act establishing •if the CeHtml Bank—and by Mr. Knco of Olynnl •o ' lo incorporate the Great Western Rail Road Com ’? I pany. :d The Resolution offered yesterday, by Mr. Gon y don, calling for information respecting the Chero is kco Guard, and the depredations of the Creek h Indians on the people of Ouker, Sumter, Lee, Ac. d was called up arid agreed to. i- The bills, to incorporate the Western Kail Road g Company, to construct a Rail Road from Forsyth i- to West Point; and lo amend the oath adminis )- tcred at elections, wefo severally read the third e time, and passed, i- House, Nov. SO.—Bills were reported, by Mr.' e Hardison of Carroll, to survey a road from Car s rollton to the Tennessee line, near Roseville—by ’ Mr. Davis, to authorize the Legislature to com -0 mute the sentence of death, against while per sons, for all crimes except Treason, to solitary ■ coulinement at hard labor in the Penitentiary, for '• life, under recommendations to mercy, by the 1 Jury—by Mr. Rats, to allow the debtors to the - Central Bank lo renew their notes at twelve, in 1, stead of six months—by Mr. Ezzabd, to repeal ; the grant of SO,OOO annually to Franklin College, t and give it to the Poor School Fund—by Mr , Bates, to lay off the State into Congressional - Districts—by Mr. Smith of Hancock, to prescribe 1 the mode in which property shall be loaned by • parefits to married children—by Mr. Shaw, to r require elections by the Legislature to be made : viva voce —and by Mr. Chandler, to regulate 1 slaves and free persons of color, in Warren ■ county. The Mil to give Bunking privileges to the Cen tral Hr.il Road and Canal Company was taken up —the question being upon the substitute offered ■ by Mr. Gorinov of Chatham, for the substitute and original section offered by Messrs. Hahius of Warren, and Ceatton—and, after a long debate, on the part of Messrs. Guano*, Feoudnot, Lumpkin, Mieeen, and Kenan, in favor of Mr. Gonrav’s substitute, and the bill generally—of ■ Mr. Haiuus of WAntiEN, in favor of his subsli" , tuto — and of Messrs. Claiton, Hudson, Docoh eiitt, Ftorn, and Davis of Elbert, in favor of ■ thn original section of Mr. Clatton, and against the bill generally—Mr. Caeiioun offered a proviso to the substitute) of Mr. Goiidon, that no stock holder should sell his stock, without three months notice of his intention to do so, in two newspa pers : which was rejected. The question was then put on Mr. Gordon's substitute, and decided I in tile affirmative—yeas 87, nays 08. Mr, MEtuuwETilEn offered an additional sec- lion providing that no foreigner should hold stock, directly or indirectly, under a penally of forfeiting the same. B j Mr. Rooeus moved a call for the previous ( question, on tiro passage of the bill; which was , refused—yeas 76, nays 79, Mr. Floua.\or offered an amendment to the additional section of Mr. Mcrriwolhor, that no foreigner should hold more than 200 shares r which was rejected—yeas 41, nays 106, Mr. Gdat offered a substitute to the additional section of Mr. MerriwHher, and to the same effect, except that it omitted the forfeiture, which was rejected. The question was put on the additional substi tute of Mr. Mcrriwclhcr, and it was adopted— yeas 92, nays 61. The bill was then passed, as amended—yeas 89, nays 60—as follows : Yeas—Messrs. Allen, Ash, Attaway, Bailey, Deck, Black of Monroe, Banner, Bowen, Brown, Bryant, Bryson, Burnett, Burnes, Bumcy,Burton, Byrd, Calhoun, Camp of Henry, Camp of Ran dolph, Candler, Carr, Carson, Cassels, Clark of Camden, Coffee, Colbert, Collier, Diamond, Dis rmtkes, Dobbs, Drane, Drew, Dunham, Easley,' Espy, Fleming, Flournoy, Foard, Gordon of Chatham, Gray, Green, Harris of Washington, Harrison of Carroll, Hatcher, Hilliard, Holcombo, Howell, Hunter, Jurnan, Kelly of Houston, Ke nan, King, Landrum of Fayette, Lawsho, Lewis of Jones, Lumpkin, Mays, McCoy, Milieu, Mitch ell, Murphy, Paddy, Penticost, Pettit, Phillips, Pitman, Rivers, Rogers, Robinson of Jasper, Rob ison of Washington, Shaw, Shirk, Smith of Coweta, Smith of Habersham, Solomon, Stal lings, Tanner, Tarver, Towns, Turner, Wald hour, Ward, Wellborn, White, Whitfield, Wil kinson, Williams, Wood, and Yopp—B9. Nats—Messrs. Barron, Bates, Blacksh«ar> Bolton, Bradford, Chandler, Clark of Hall, Clac ton, Craft, Curry, Dart, Davis of Elbert, Dough erty, Ezzard, Flcwellin, Floyd, Gunhy, Hamilton, Harris of Newton, Harris of Putnam, Harris of Warren, Harrison of Franklin, Hattcn, Hayes, Henry, Hill of Jasper, Hines, Houston, Hubbard, Hudson, Ingrain, Janes, Jeffries, Landrum of Oglethorpe, Leonard, Lewis of Troup, Loyall, Ltickie, Marlin, Massengale, McAfee, McArthur McCrary, McCurry, McDonald, Mclntyre, Mc- Kinley, Mcrriwclhcr, Moore of Clark, Moore of Talliufcrro, Nightingale, Porter, Rambo, Reid; Reynolds, Robson, Sanford, Sharpe, Smith of Hancock, Strickland, Stroui, Vanlandingbam Vinson, Wilder, Wright of Columbia, and Wright of Lincoln—66. Senate, Nov. 21. —On motion of Mr. Sa»- fo).ii, the Journal of yesterday, so far as relates to‘ the passage of the bill lo amend the oath admin, istured nt election*, was re-considered. Mr. Mitcueel reported a bill to incorporito a General Life Insurance and T4ist Company, with Banking privileges. A Message waa received from*^W -, (Wvernor< transmitting a petition from citizens of Habersham couftty, respecting the contemplated Ohio Rail • Road ; wlii. lt was referred to a Select Committee. 1 Mr. Sheffield's Resolution to request the ! Stale's Senators at.d Representative* it} Congress 1 ro procure the primage of an ncl lo open a road 1 frefn the J». k Miuctrf ftp-ing in F. t Florida, •to lit tie.wgi * hue, was taken up tejected House, Nov. 21.—Mr. McKiniet, of Ogle t tlrorpo, moved to re-consrder the Journal of yrs" > ferday, so far as relates to the passage of the bil 5 (See Fourth page.}