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■ #0 .($* ($s8f oppfouui ^xttsi.
. •#* *y*jfy>»t #• Mato. Nr. Bom «u, tbsre-
OpoOt land* (hot Agsni. He then went to the city
of Now York. Ou the 3d November, 1840, in tiie
obMooe of Mr. Re**, the Hoard rotoived that “if
OOf Cashier one make a loan to enable ui to moot
“opr pressing iiabililiei, eilhor in New York or
“PMUdslphi*. he ia hereby authorited to do *o.—
“Resolved, that thia Board declines entering into
any eoMtrqct/w- the purchase of Colton” On the
. name day the letter book shew* that the Assistant
Caehier aont a copy of ilioae rcaolutionj. The per-
eoa to whom tho letter is addressed i« not naniod,
but it wan evidently Mr. Keua. The name of the
Prnaident, Mr. McDonald, is placed among those:
absent from their soals from 3d November to
38tb Decomber, 1910. The next proceeding
touching the finances, which 1 find, is recorded
on the minutes of 7th January, 1841. The Pres
(dent and two Directors were appointed a com
miltee of finance, with power to adopt sucl
measures as they might doom most clliciom h
place the Bank in a situation to meet the require
menu of the Logislaturo, with power to appoint at
agent or agent* under thorn. The President am
Mr. Rees wove absent from Bank from Januan
12, to February 10,1841. An agreement was outer
ed inti in New York, on the 2d February, 1841.
purportingto bo between the Bank of Darien anr
the New York Banking Company, signed by Mr
McDonald aa President of the Bank ofDaricn, at
(eitod by 15. S. Rees as Cashier, and signotl b\
the President and Cashier of the Now York
Banking Co. It ia of character similar to the oils
era. By itiho Bank of Darien agreed lo soil JE22,
000 of Sterling bill*, drawn by tho President ane
endorsed by the Cashier, payablo at 90 days. A*
security Ibr tho payment the Bauk of Darien agrorn
to consign 4000 balea of Cotton to J. Delafiitdd ai
certain timet, and the same securities before pledg-
‘™ H^^d again for this contract, and the sum
j j l °*" k'N* Iho Bauk of Darien were ad.
'oed thereto. The Now York Banking Company
WMutepay for thoan hills 863,500 cash, and 835,.
«8# *a the maturity of drafts to be drawn at 00-
vsy^Mccptancc 'joined, Ity tho Bank of Darien on
the New York Hanking Company: In case .if do-
° / t the articles by the Bunk of Darien.
"J*J" * ,ork Banking Company bad authority to
*" B pledged funds, and the Bauk of Darion n-
? ,ee " . to forfeit and pay at “agreed and stipulated k
jwges” $35,000 over and above the repayment
uwd full liquidation of the Storliug bills.
Although the resolution of the 6th October. 1840,
contemplated an opportunity for the Board of Di-
reoters Is approve or disapprove tiny new contract,
end although ou the 3d November, 1840, the Di
rectors resolved that uo Cotton should be purchas
ed, yet 4be above contract was entered into by the
President a«d Cashier. Tho President and Cush
ier returned soon after tho cum rod was entered
into, but I find no -allusion on tho minutes to any
stew contract until the Gtit April, 1811, when, on
motion of a Director, it was Rosolvod that the Pres
'“ident and Cashier be requested, and they arc hare
“by required to state lo the Board of Directors
“whether they have directly, or iiirlirorly, hovi-mvnti
“any mouey in New York or elsewhere, on the
“credit of, and for the bcueiit of this Institution,
“and if they have, where, from whom, and on wlml
“terms—what -amount, what kind of money, and it
“they have received all or any purlieu of it, ilnd
“whatthey have done with it; tv!so Resolved, that
“the President and Cashier bo requirod to state to
“the Board at its next meeting, what amount ol
“money ires been paid to -tlx: otiicers, agents, or
“other persons of this Bonk, for travelling expen.
“see since 1st January, 1840; also, the nature ol t
“each mission, the date of, uud its plane of desliua
“lion.” No response to this call appears on the ,
minutes. On the Gilt July, 1841, after mention is
made of a letter from the Coventor, enquiring us to
a heavy loss on Cotton by the Bank the minutes
show that “the contract made with the New York
Banking Company was read again.” Outlie 13th
July, 1811, the following protest appears on the
minutes signed by u director. “The transaction
between the Bank of Darien, and Mr. John Dola
field, of New York, attd the purchase of Cotton by
the agents of this Bank, to fulfil u certuis contract
made whit saidDolafield by lito President and Cash
: ra-t. umiu mr inn m at tunc,
officially, before the Board ul its last meeting, and
thia in a shape that I could record my vote against
tho measure, and ti now outer my protest against
the whole transaction, as illegal and never contem
plated by the Bunrd'lu tho appointment of any com
mittee or agent."
On the 30th September, 1811, the Board having
heard that J. Dclufinld, President,, had put in cir
-dilation $50,000 of Darion Bunk hills, resolved
that legal measures should lie pursued against him.
Mr. Rocs went to New York and filed a bill in
Chancery nt rhe instanoo of the Bank ol’ Darien a-
gainst J. Belafield, President, &c., to set aside the
the agreements as usurious, fraudulent and void. |
and praying an injunction to prevont the use oi '
■ale of tho pledged funds.
On the 4th October, 1811, tho $5H,0ttQ so put j
in circulation by J. Dclaticld, was placed by thr
Bank of Darien on its books to account of Northern
contractt, in the following entry t Northern Con
tracts:
For this amount put in Circulation 1 ;
Prinoipal Bank Bills, by J. Do- >
lafteld, President, ) $55,000 0b
This amount forwarded J. Dciaftcld, 8,130 62
C. Campbell Se, Co.’s Bill. 85 31
A. Lefts’ Bill. 37 U
of the Central Beak. The amount Involved ia
largo, and it a* fallows*
Sterling Bill*, $ 177,000
do. de. 07,080
Cortificuicsof
Dep’ite, 115,000
Bank notes, 130,387
do. do. 53,023-582,480 00
Cotton sold, M02 34-$588,981 34
And tho Bank of Darion acknowiougos to liuvn re
cuivcd a very small sum. If the note of $38,500
was properly churgoublo to tho Bank of Darien ns
cash, it is now their propurty, and, us from into in
telligence, it scorns probable (lint tho umouut will
bo collected, the counsel employed will, doubtless,
give that pupar particular attention.
I cannot see »Ity the conlfacl of April, 1840
was not adverted toil) the proceeding ia chancery.-
The funds plcdgod by tho contract of October,
1830, woro extended to that of April, 1840. Thu
latter contract was settled, and it would seem that
the settlement of it destroyed the contract of 1830,
under whic't no money was paid to the Bank of
Darion. Tito same securities woro extended to
tho last contract, which it appears lui mo was thu
only open contract in 1841.
The last contract docs not seom to bo foundod on
sufficient authority from tho Battle, but in fact to
have boon entered into against the will of the Board
of Directors. It will bo borne in mind, that on the
Olh day of October, 1810, tho authority given to
tho Agent was to c/nse the two first contracts be
fore entering into any now one, and ho was not
to borrow money or nogoliate without communion.
i Bunk lor its ratification. Tho contract
Sifei
2a.
a* discontinued »urtr.
*■ Receipt book show*
-rn tr~
ut\ Bank, from <h* agent and by Mr, Blue from
$08,252 05,
Tho original Bill in Chancery, filed by Mr. Rocs •
had reference to the contracts ol lOih October,
1836, and February, 1841, and doesnot touch the
-contract of Aprii, 1840.
'The contract of April, 1840, soems to have been
fully settled on 3d February, 1841. Tho New
York Banking Company presented its demand a-
gainst tiie Bank ef Darien, dated New York 3d
February, 1841, for $8,273 87, tnado up, chiefly,
-of an item of $3,559 13 forexcliango and dqpmgcs
•on Sterling bill of £1,500, and 82,500, part of
penally on ferfohure agreed to this day,“and J.
Dolafiold, President, granted Ids receipt thus, at
thofoot of the socountr “Received paymoit: from
15. S. ttees Esq.,Cashier,I. Deluficld,President."
In she bill ih Chancery the Bank of Banien sets
forth that it -received on the 3d Contract $23,0004
03, and that it owes 4heroon a balance or $10,011
A0,which it allegeait has offered in writing to pay
the New York Banking Company.
The Now York Banking Company, en the other
hand, states ila account and claims 858,423 41.—
The dificronoe is to be found in a certain premia,
oory note, delivered to Mr. fleet, of persons in St.
Lousi. Missouri, {secured by bond of ti>c Farmers
and Mechanics’ Insurance Company of St. Louis)
indorsed by I. Delatiield, .“totlAottf recourseOn
this note tbe sum ef $38,500 appeared due, and J.
Delefield, Presided, represented it as good and
available, and that it would be paid. It was not
paid, and the Bunk of Darien alleges that it was
returned to the N.Y. Banking Company because of
this false representation. The N. V. Banking
Company charge* the 838,506 as to much cask,—
That Company also claims tlao forfeiture of $25.
008, and state* it* final account against the Bank of
Darien at $103,183 41, being far the two forfeit
ures of $50,000 end $25,000, and 10 per cent dam.
egea en Sterling bills, under contract of October,
1839, $19,200, and (0 per cent damngoionStcr
ling bill*, under contract of 2d February, 1841,
#16,000 added to the above sum ef #58,423 41.
It appears that a supplemental biH has been filed,
and that an injunction was granted. From coun
sel hitherto, and now employed In the case, I learn
that the certificate* of doposile and $41,782 of
Bank hills have been locked up, but the remainder
of the Bank bill* has been put io circulation by J.
Deiafieht, President. The bill is pending ia the
Court efChaneory in the State of New York, and
received prupor attention from the present Director
ting to '.tie Bunk for its
was not authorized by that proceeding ofthu
Board, nor can the contract ho supported
by tjte resolution of 7th January, 1841. It was on
teved into by the President and Cashier as a direct
p.ct, not by, or referring to, any power delegated.
Tho whole transaction appears to mo to be marked
by usury and oppression on tho part of the Now
York Banking Company, and by the ubsence of due
authority and sound judgment on the part of the
President and Cashier of the Hank of Darion. On
tho 3d November, 1810, the Board expressly refus
ed to go further into tho puruhsso of Cotton, find
yet the last contract has an engagement to do
liver 40110 bales of Cotton, and moreover, no
communication of the agreement last made way
made to (lie Bunk for its confirmation. 1 trust
that tho Court of Chancery will grant relief in the
premises, out only on the grounds above briefly ad
verted to, but also on this further considera
tion.
Tho State of Georgia, in granting charters to
banks, Ims generally sought to prevent such coin-
morcial dealing as was involved in this purchase
of Cotton by the Bank ofDaricn. By rule 10th of
the charter of this Bank, it was inhibited from be
ing directly, or indirectly, concerned in commerce
or insurance, or in tho importation or exportation,
purchase or sale, of any goods, wares or merchan
dise whatever, (bills of Exchange, notes and bul
lion, only exceptod( except such goods, wares uml
merchandize as might be duly transferred, convey-
od or plodgod (o it by way of security, for money
actually loaned or advanced, or for debts duo the
corporation, or purchased to secure dobts so due,
or to effect iusurunce on the property that might
belong or be pledged to tho corporation. By the
agreement of October, 1830, made, as therein stat-
od, “between tho Bank of Darien, a corporation
created hv the Stale of Georgia,” and J. Dolafiold,
President", die., the Bank of Darion agreed to fur
nish funds to Mr. McGehec, agent, tu unable him
to purchase, consign and ship to J. Dciaftcld, at
Now York, 7000 bales of good merchantable Cot
ton, ho to cause tho samo to bo sold and npply the
proceeds, &c., and tho said J. Dolaficld was uu.
thbrzed to ship said Cotton to any port in Europe
for sale and returns. Tho agreement of February,
1841, is of the same character. The Bank ol
Darien was thus concerned in commerce, and in
the purchase and snle of Cotton, in direct violation
of its charier, and J. Dolafiold, President of the Now
York Banking Compuny, and that Institution, dealt
with thu Bank of Darion in this violation of the
charter, wflh full knowlcdgo of the inhibition ad
verted to. The Now Yoik Banking Company
must be bold lo this knowledge, because it ,vns
dealing witli a corporate body, the creature of the
act of the Legislature which elmrtcred it—and will
it bo permitted by a Court of Equity that this insti
tution shall maku gain otlt of a contract entered rn.
to by it in fraud of the law 1
, The oxpense attending this negotiation appoars
to he large, i And that on the 22d January, 1842
pending tho correspondence with tho Governor
concerning the surrender of the assets. “Northern
contracts” account was debited with $3,280 50,
for “paid Cashier, travelling expenses lo tho North
* and the President’s expenses.”
I have already spoken of the situation of the
Books oflhe Millodgeviile Branch. The insurance
Bank ofCulumhus has a claim for $15,000 and up
wards, growing out of tho transactions of Mr.
Murray, former Cashier. Suit was instituted by
tho Insurance Bunk against tho Bank of Darien,
and at a late term of McIntosh Court a verdict was
rendered on appeal in its favor, for upwards of
$15,001).—The case is now suspended on a motion
for a new trial. If the Bank of Darien is cast in
tho suit, it will have a claim for what it may pay
upon the estate of Mr. Murray and his sureties.
I proceed lo express my view of the liabilities of
tho Bank, existing at the time of the surrender, of
the assets by the agent, to the Cuntral Bank—say
the 1st March, 1844 and, of its means of pay
ment.
First: The Circulation of the Bank.—It is
difficult, if nut impracticable, from tiie books and
papers submitted me to ascertuin, precisely the
circulation of tho Bank.—Tho register of Bank
notes issued, kept at tho principal Bank, is im
perfect. It couluins no statement of Notes issuod
for the Branch ut Dahlunega or Augusta. A
book called the President’s receipt hook, shews
the Bank note paper received by the Cashier, from
tfie President, und further shews for what offices
or Bran chcs the paper waB to bo filled up. ] think
ail tbe issues of Huuk notes are, probably, fuirly
noted in this book. Registers wero kept at the
Branches of Macon und Milledgoville, but I find
none kept at or for Augusta or Dahloncga. 1 have
no doubt of the issue ut Augusta, or Savannah, or
Dahloncga, or Macon, or the principal Bank, but
1 have doubts concerning the Milledgevillo issue
1 beiievo the issues to be as follows:
Issue of tho Principal Bank at Darien, 8100,867
“ “ Branch at Macon, 317,528
•< •• •* at Dahloncga, 88,000
•• •• •• at Augusta, 47,080
« “ “ at Suvunnah, 40,772
<• « “ at Milledgevillo, 87,118
Principal Bank, discount
line, $193,080 00
Composed of tho following Items :
J. Blue,agent’s receipt $40,905 20
•• « ■ « 11,837 U
Delivered to Mr. Blue,
per receipt 21,033 GO
Now nn list, in hands of
of Mr. Blue 10.170 08
In hands of 11. Cumming 27,044 00
Othorpapers, viz:
I Votes returned to Cen
tral Bank, 15,320 00
“ Iu hands of Atto’ys,
No 1. 35,587 08
No. 2, 20,233 04
“ reported by nr. King
Cashier 41,110 Ol
Notes in hands of Alter.
neys at Dahloncga, 30,187 05
142,448 01
1 deduct the difference
heretofore pointed uu*.
in the Duhlonoga line,
viz: 30,187 05
129,137 40-1,050 19 — $141,397 85
|Exchange from tho mother bank,
(|n Mr. Blue’s hand*,)
Exchange from tho Brunch, Macon,
(Central Bank)
Augusta Branch, which we# .
*1 year* ago. The President’* Receipt book shove tho agent, will appear aa follow*:
that all the paper filled up fur this Breach amount-
ad to $296,000. Among the at eel* eurrendred
to the Central Bonk, aa reported to me by tho
Citahior, notes, part of this issue, io sealed pack,
age*, wero returnod, amounting to $178,320.—
Thu balance, $47,080, appears on the slate of
Principal Bank.
Savunnah Branch, which also was discontinued
before thu repoal of tho charter. By the RegUttf
and thu President’s Receipt Book, I find that the
whole issuo for this Branch was $193,350.—
Among thu assets surrendered to tho Central Bank,
ns reported to me by tho Cashier of that Bunk,
notes, purl of this issue in scnlod packages woro re.
turned, amounting tu $152,578. The balaoco is
$40,772
Milledgeville Branch.—By tiie Register kept at
thu Principal Bank, tho President’s Receipt book,
thu Register kept ut Millcdgeville, and the books
kept ut this Branch during the term* ef Mr. Mur
ray and McGuhuc, I find that tho whole issuo of
tho Branch reached $104 200. It was reduced in
Novonihur, 1830, to $145,890, at which sum it was
stntcd from 20th November, 1830, to May, 1837,
on the Brunch state of Bank. No state of this
Branch, since May, 1837, has mentioned the issue.
When Air. Rees, in the beginning of 1838, furnish
ed the Cashier with a statement of tho Milledgo-
villu Branch, ho put the issue nt $145,890, and ho
pul tho circulation at $87,118. It appears satis,
fuc’.urily to mo that Mr. Rees carried down to Da
rien of this issuo of $145,890, the sum of $58,772.
It is this last fact which renders it doubtful wheth
er tho issuo of this Branch ought still lo be placed
at $145,890 or at $87,118, Ido not find any en.
try or note made on the prinoipal Bank books of tho
sum of 858,772 which Mr. Rees carried down,
nor do 1 find any evidence of the burning of it, nor
I can find that it was over again put in circulation.
But l find no record of the burning or cancelling
of any Bank Notes (except us to tho small parcel,
of tho principal Bank Notes, which is noted in
the General Ledger, in account of “Notes issu
od,”) and 1 conclude that the record or memoran
da of such cuncoilatiou or hurtling must be- lost or
mislaid. The $58,773 never, so far as lean see,
eomc back tu tho Millcdgeville Branch. 1 incline
to the opinion that that the issuo of the Millodge-
villc Branch should bo placed at $87,118 rattier
than ut $145,699, because, further, 1 find the re
turn on oath of tho President and Cashier of tho
Principal Batik, tnado to the Legislature in Octo
ber, 1841, states all the issue of the Bank, at $774-
005. Now there does not appear to be any rea
sonable doubt of tho issues at Darien, Macon, Au
gusta, Savannah or Dahloncga, and if we take tiie
Milledgevillo issuo at $87,118, for which there ap
pears lair reason, tho tcholc issue is $776,965,.
quite near llie amount a! which the President and
Cashier returned it. 1 repeat, that 1 cannot arrive
at certainty, because the books and papers before
mo furnish me nothing positively certain, but I be-
lievu the issue on the 1st March, 1844, may ho as-
sunied ut $776,965, rather thau any other sum on
the evidence submitted to mo. Again, 1 see no
reason to doubt the oaths of tho President and
Cashier, for I may err in tho matter. Tho differ
ence between 8774,065, and 776,962 two thous
and nine hundred dollars, is not large enough to
provoke any suspicion of unfairness in tho return
of October, 1841.
The issues of the Bank being fixed
- - —Jfcj
__ and Jtistico, *• welt „ p, champi*"^
to reply, lo feel otherwise
Total issued, $770,905
it is necossary, as the Rogister is imperfect, that
I should assign my reasons for staling the issues as
above.
Principal Bank issuo.—All tho papor ever is
sued siuco thu 1st January, 1829, is duly register
ed—amount, $202,049. There is due record of
the burning ol $0,173. Sinco, tho issuo lias al
ways appeared regularly on tho books, at $105,
867.
Macon Branch.—By the Register ol tho prin
cipal Bank and that kept at Macon and tho Prusi
deni’s receipt book, I find that the whole issues
reached the sum of $430,062. They are ao slat
cd in tho state of Bank kept at this Brunch up to Ju
ly 27.1835. On the 17th August, 1835, they, are
stated at $317,528, and have been so ever since
The difference wus duly accounted for by the
Branch, which, on 3d August, 1635, debited this
account will) $113,434 of it* notes returnod to the
mother Bank.
Dahloncga Branch.—The President’* Receipt
book shows that the whole paper iuuod for this
Branch amounted to $88,000, nt which sum the
issuo Its* always appeared on their books.
If there he deducted tho
amount ofDaricn B’U
bills returned by llib
Agent lo the Central
Bunk, us reported io
me by tho Cashier of
llie Central Bank
And this sum received
by tho Central Bank,
being a partial pay.
ment on account of tho
Dahlunega assets
And this sum believed
to be locked up by the
injunction in N. York
And this sum new in
the Central Bank be
ing Bank bills suud
lo judgment by tbe
Pluiitcr’s Bank
And this sum, now in
llie Central Bank, be
ing Bunk bills sued
to judgment by llie U’k
of Augusta,
And lids sum believed to
bo settled up and kept,
being Bank Bills, suud
to judgment by J. G.
Winter
$776,G«5
$561,536
41,782
7,395
13,302
8,860 639,1’,75
Tho circulation, 1st March 1844,
was
$138,78 0
Of which sum tho Central Bank
held, and still holds the sum of 40,337
Sinco the appointment ef Mr. Blue,
the collections in Darien Bank
paper amount to the sum of (aa ho
informs rne) about 25,009
Leaving in tho bunds of tiia people, at this day,
30th May, 1844, under sixty-eight thousand dol
lars ; a sum not half so large as the amount unfair,
ly put in circulation by J. Delajield, President; and
ecen if 53,772 be added to the Millcdgeville issue,
still, the circulation in llie hands oflhe public would,
be less than llie sum Mr. Belafield pul out.
1 have spout much tinio on this branch of my
duty, and run tiie hazard of being thought tediou s,
because I deemed it important tu bo as precise ;as
tiie circumstances of the case permitted. If the ci r-
culaliun ahull prove greuter than I have slato d,
then paper of tho Branches of Macon and MU-
ledgeville, returned to the mother Bank, and taken
yut of llie issuos, would seem to IlltVo been fraudu
lently put in ciieulation, (a fact which, at presem, 1
sec no reason lo believe exists-J
2d. THE DEFOS1TES OF THE BANK.
Deposites at the Principal Bank, in
cluding Certificates (other than
those issued to the N York Bank
ing Company )as per state of Bank
of 16lh February, 1842, $73,423 4S
Deposites at Dublonegn, us per stale
of Bank of 2d April, 1842 11,630 82
Deposites at Mucon, us per stale of
Bunk of Gilt April, 1842, 1,310 34
2,552 35
2,000 00
The “old assets” of the Millodge-
viilc Branch are now to bo consi
dered. We have seen at what Mr.
Reus slated them. 1 state them as
follows:
1st. Old notes in judg
ment per list, $03,922 47
2d In suit, nor Mr. Reck
well’s report, 8,354 20
3d. Sued by Judge Mc
Donald, 49,538 45
4th. Formerly in hands
of Cashier at. Macon 14,017 09
5. Tho Lucas debt, 10,046 80
6. Ovcfdraws, 2,176 26
$209,939 86
50
$148,055 18
From which
deduct Ruck
well's notes, 9,75'
Also the se
veral notes
mentioned in
Paper No. 6,
herewith and
for the roils,
ons there as
signed, 40,872 27—56,029 77--$91,425 41
Making total of discounted Hue $301,305 27
The condition of thcBnuk of Darien on 1st March
1844.
LIABILITIES.
Circulation,
Depositos,
Time and protested
Checks
Dividends unclaim’d
U’k of Milledgeville
Centrl Bank
Judgements as per
paper 6, exclu
sive of interest
Georgia Lumber
Company bills
Capital Stock
$138,790 00
50,011 75
11,700 52
1,098 90
852 45
38,889 61
70,321 55
180 00
419,195 09
“Of this tho Macon Jiranch holds $il75
$743,940 04
$301,300 27
107,053 93
251 28
RESOURCES!
Discounted paper of
all descriptions,
Real Estate in Mc
Intosh,
Due by Banks
Stock in Steamboats
6tc.
Due by J, R. An
derson,
Cash paid Ccutral Bunk by J. R.
Anderson,
Specie,
7,000 00
12,000 00—548,270 48
9,401 00
Tmendmr *»»> •••
For president,
henry clay.
For Vico President,
THEODORE FRELINQIIUVSEN-
BUOVOAAA TIOKXX-
ion tub STAT* at Lsnor.
JOSEPH llENllY LUMPKIN, ol Oglethorpe.
JOEL CRAWFORD, ef Early.
FOB TIIE UlflTMCTS.
1 Wm. P. McCONNELL, of Liberty,
o' THACKER II- HOWARD, of Muscngcc.
3. CHRISTOPHER B. STRONG, of B bb.
4 It, A. T. RIDLEY, of Troup.
5 DAVID IRWIN, uf Cobb.
0. CHARLES DOUGHERTY, of Clarke.
7. \Vsi. C. DAWSON, of Greene.
t). CHARLES J. JENKINS, of Richmond.
WHIG CANDIDATES FOR CONGRESS.
l*t Dist. THOMAS BUTLER KING, of Glynn.
2nd “ VVA1. II. CRAWFORD,of Sumter.
3,1 “ WASHINGTON POE, ol Bibb.
4ih “ JOHN J. FLOYD, of Newton.
0ii, » II. V. M. MILLER, of Floyd.
dill » J. \V. 11. UNDERWOOD, uf Habcrsh’m.
7lh » ALEX. 11. STEPHENS, of Taliaferro.
8ih “ ROBERT TOOMBS, of Wilkes.
To the Whig ComniTlteo of 34.
In tbe absence of Major Jokl Crawford, our Chair-
man, from the State, I beg leave to suggest that those
of us who cannot attend the Mass Meeting at Madison,
the 31st inst. communicate by letter, or otherwise,
with Auuustus It. Reese. Esq. one of tho Committee,
resident at Madison, the name of the gentleman prefer
red to supply the vacancy of Col. Josopli 11. Lumpkin,
on tbe Whig Electoral Ticket of Georgia.
One of the Coumittfe.
Repoit on tlio Hank of Darien.
In consequence of the length of Mr. Cutler s Re
port upon the present slato of llie Bank of Darien and
its la'.e managenw r -re have been compelled to omit
much other, political matter, for our paper of to.day —
The State owns seven-lentlis of tho slock of the Bank,
and the Report has been ordered to be published for
the information of the people. It is a9 full as the cir
cumstances would enable it to bo, and Mr. Cufler do-
series much credit for the manner in which lie has dis
charged the duty assigned him by the Governor. A
perusal of die report will show to the reader that no
institution of the Bank species has been so wretchedly
managed as this Bank of Darien. The documents ap
pended to the Report will be published next week.
$557,731 48
2 40
$557,733 94
$36,364 61
The fullowing sums are to bo deducted:
1 certificate of N. J.
McDonuld, President
redeemed,
Certificates sued tojudg-
ntent by tho Georgia
Insurance and Trust
Company
Certificate sued to judg
ment by the Bauk of
the State of Georgia
1 Certificate of H. T.
Hall, Teller, redeem,
cd,
1 Cealificate ofH. T.
Hall, Teller re
deemed
1 Check of Ch’les West
received in payment,
1 Check of L. Sulim,
received in payment,
$14,660
10,013 28
3,999 31
001 28
345 09
0 37—$>9 452 s$
Tiie deposites on 1st March. 1844
$56,911 75
3. DISCOUNT LINE OF TUE BANK.
Referring Ui paper or document No. 5, the sev.
oral discount liuea, a* lately received bytbeCea-
Tho amount paid by Mr. Anderson, though re-
cent, is considered as paid, 1st March 1644. The
greater portion of it is specie funds, the remainder
will diminish the circulation.
1 have not included several sums (chiefly coun
terfeit and broken Bank notes, and advances to
Florida Volunteers) because they seem not to be
available. They amount to $2 591, and may bo
seen by reference to paper No. 7.
In the above I have omitted the Dolafiold trans
action, because suit is pending. On the books of
the Principal Bank tho matter stands thus :
Bank Darien, Dr. to New York Banking Com
pany, $17,789 29. Northern contracts (N. York
Banking Co.) Dr. $01,151 59.
The claim of tiie Insurance Bank of Columbus is
omitted bocauae the claim it is in litigation, and not
in cottscquenco of any belief that is not due. More
over, if the Bank of Darien loses by the suit it
must gain as ntuca from the estate of Mr. Murray
or his securities.
Interest to a considerable amount is due to the
Bauk on its papor, and interest nuiv runs aguittst
the Bank on judgments, and, by agreement, on its
bills ($46,337 09) held by the Central Bank.
1 have so means of determining the value of the
discounted paper : but there can bo no doubt that
a large purlieu of it is worthless. I knew somo.
thing of the value of the Real Estate, and, there
fore, feel it to ho nty duty to express my view
of its worth. Tho whole Ileal Estate, on thu
books, at $167,053 03, will not bring, in nty
opinion, over twenty-five thousand dollars, if a*
much. R. R.CUYLER.
| Documents appended to this, next week. |
Rebuke to the Revilers of Henry Clay. —The
Sunbury American, a democratic paper, published
iu Pennsylvania, speaks thus of the Locotocos who
are in tho habit of abusing Henry Clay :
“The editor of tho Gazette complains that wo do
not call Henry Clay a Duellist, a Sabbath breaker,
and the advocate of free trade principles. We
regard personal abuse as lito very luwcsl weapon of
party warfare, and we have always left it to he
handled by those witose tastes sympathize with the
means. L is only resorted lo when tho causo is
desperate. While we edit a public journal, wc
shell uot forget that we pretend to the character of
a gentleman. Besides, we oppose Henry Clay on
high grounds, irrespective of the man. If wo
have not attempted to prove that lie is the advocate
of free trade, it is becaq*o wo have somo respect
for our own character and tbe intelligence of the
people.”
Grounds of Divorce.—In New York as tiie
law now stands, adultery is the only cause for which
an absolute dissolution oflhe marriage contract can
be obtained. A bill has however been introduced
by the legislature of this Slate, says the True Sun,
during llte present session, making habitual drunk,
ennesi a causejfor a limited divorce when petitioned
for by the wife. This bill enacts that u separation
from bed aud board for a proscribed period may be
decreed by tbe court of Chancery, on complaint of
a married woman whose husband shall have been
a drunkard for oue year.
The Madison Mass Meeting.
From all accounts this will bo the largost assembly of
Georgia’s free born eons, ever congregated together i n
the State. The Whig spirit is awakened, and from ev
ery section of the State, delegates by hundreds, will
attend the Convention. From the adjoining States tuo,
of Alabama, South Carolina, and Tennessee, delegates
will bo thore. Distinguished men from many parts of
tlio Union have promised to attend, and with tho ar
rangements made by our spirited Whig friends, at Madi.
son to accommodatc.alhvhogomay expect tu enjoy them
selves in the finest manner. Our own county delega -
tion, will leave hero on Monday morning next, at 9 o’
clock. They will be attended by a fine band of Music,
march to Eatonton that night, and on Tuesday reach
Madison. Cannot our friends of Wilkinson, Hancock,
Washington, Laurens, Pulaski, Twiggs, and other coun-
tics bcluw us, be hero by that time, and proceed with
us to Madison! Wc liopcjthcy will all make arrange
ments to do so, and that by tlio time wo reach Madison
our numbers will swell to at least a thousand. Come
up then whigs of tlio adjoining counties, and start with
the Baldwin county Delegation from this place, at 9 o’-
clock, A. M., on Monday next.
Pl’DLIC DISCUSSION IN OLD BALDWIN.
Col, A. II. Kcnnu vs. II. V. Johnson. Esq.
In accordance with previous arrangements, llie two
parties, Whig and Democratic, of Baldwin County, as
sembled together in the Court-house, on Saturday last,
at 11 o'clock, A. M., for the purpose of discussing the
political questions, connected with the Presidential con
test that now agitate the country. At the hour nainei)
James H. R. Washington, Esq. Chairman in behalf
of Utc Whig Party, announced the character of tho meet
ing—lie stated that it was a meeting of tho Whig parly
and called by them, aud to which their fellow citizens
of the opposite party were invited for the purposes abovo
named—that this invitation had boen . accepted—that
Committees of reference had been appointed oil
both sides to arrange all preliminaries connected with
the discussion—and that, as suon as tlio meeting was
properly organized, the regulations adopted to govern
it would be made known. Col. Beniamin S. Jordan
was then associated with Mr. Washington, as Chair
man on behalf of the Democratic Party, and Col. Na-
than McGeiiee, (Whig), aud A. E. Cochean, Esq,
(Dent.) wero appointed Secretaries.
The meeting being thus organised, it was announced
by Mr. Washington that there would be but two
speeches made—each speaker to bo allowed two hours,
and that as soon as the last speaker closed Ills remarks
tho meeting would adjourn. Tho Chairman further
went on to say it was tlio anxious desire of both par
ties, that the utmost decorum should prevail—that noi
sy demonstrations of applause on either side should
bo dispensed with—and that as neighbors and friends
who bad assembled for the purpose of being enlighten,
cd upon grave and interesting topics, intimately connect,
ed with our welfare of the common country, every tiling
like angry feeling should bo subdued. Thcso remarks
of tiie Chairman, wojare happy to observe, wero well
received by gjl, and it also affords us great pleasure, to
state, (hat, throughout the wiioio discussion, nothing
occurred to disturb that harmony wliifh is so dosirablo
among citizens of the same county, divided though they
be, and excited as arc ours, upon political topics.
IIerschel V. J. ii ns on , Esq,, the gentleman who
had been selected to represent the Democratic Parly in
llie discussion, then aroso and addressed tho mooting.
His prelude was appropriate and eloquent,and his assault
desperate.—Except upon the Texas question, lie wa*
silent as to the measures oi Ins own party, and his ro.
marks, throughout, were alone directed against Whig
principles. Like the Democratic Press of thu day, the
speaker was against every thing, and in favor of noth-
ing but Polk and Texas.
Ho started out with the assertion that the Whig par
ty was the high lux party of tho country—that his own
was the contrary. To sustain bis pos tion, lie charged
tlio Whigs with favoring interuai improvements by tho
Federal Government—a Distribution ot the proceeds
of the Public Linds—a United States Bank, and a Pro.
teclivc Tariff—all high tax measures, lie argued, which
tlio Democratic Party was opposed le, and which the
election of Mr. Polk, and a Democratic administration
of tlio Government, would effectually put down. A eu
logy of Mr. Polk, after lie had touched u|kiii ibu Texas
question, and an earnest appeal lo those Whigs pres,
eut, who might have been persuaded of the errors of
llieir ways, to connect themselves w itb bis party, were
thu subject* of Ins closing remarks ; and nlior occupy,
ing tlio floor about two hours, within a miuule, during
which time the most respectful attentiuu was paid biui
by tho audiancc, bo took his scat
Our opponents wore woii pleased with his effort, ot
its conclusion. How they lelt when the oilier sido was
beard from, wo must leave them lo say. For uur own
part, * bile pleased witli the gentlemanly hearing of iba
speaker, who was agreeable, plcaaaut, aud, at times,
really eioqueut, wo knew too well tbe strength of our
stss, of a I! lltc arguments advanced by lilih^
ad tho speaker, Anil we were not disapimintei,
Tho geinU.nan ecleetcd by lit* Whig ftrijie,,
aciil them, wa* Co'. Aeeusxua H. Kenax.
himself the faithful and able advocate *f ajm /J
righteous cause. Had the '‘truth” been
earth" by his opponent, the argument and *
our champion, would hav# prevented ila beiasoZ*^
on, and, iikoa beacon,ho would have raisagjjZlJ
aloft, fur its searcher* after, to gaac upon. BkjTJ
before him, no euelt bard work. A mist alone be bah,
dissipate—error had been advanced, and in iq
ho had to place correct views. With an abiliiy,^
eloquence which wo have rarely ,ccn equally
Kenan did so, and proved to Ilia adversarici tbu^
had “caught a tartar”—or, as we beard a Dcu^/
say, immediately after lie closed, lie proved, lh»t*(j^
it some pumpkins himself."
Tbe subject of Internal Improvements by
oral Government, ao far as it bad been advocated
Mr. Clay, lie explained lo tlio audience. H e .i^
them that they were works of a ttutionaf cliaraclcr»f-i
ho bad supported, and not alone loeal. He aliuded«ai
briefly here to the fact of some of our democrat* qy*
sentatives, proposing to insert in the appropriatlauh*
50,000 dollars for the Savannah harbor, and then votiu
against the bill wlionitCameupbcforolbe Houm. Thai
was no sincerity in their opposition. He tbeniMb*
the subject of Distribution, and explained to the*
dience its principles, and proved most clearly, thM,-
far from this being a high tax measure, it ttupret*
ly the reverse. The Bank question was next disci*
ed. Here Col. Kenan had his adversary, and be
cd him not. He proved from tho record, that the'
was originally a Republican, not a Federal loetevt.
that it proved a most useful and profitable agent of
Government—that notone cent did tlio Govern**
ever lose by it—that it was distinct from the Pes*t
vanja United States Bank, (which Mr. Johnson
forced to admit) and he denied, what Mr. John
intimated, that cither widow or orphan had ever hi)
dollar by it. He rallod upon his adversary to point
one solitary "widow” who had suffered loeely
Bank. (Hero Mr, J-stated that he had not incest
ted the subject.) Tltp gentleman, then, etidCoU
acknowledges ho has not investigated (he subject,*
yet charges against tho Bank corruption and fug
This was a pretty severe but well merited thrust,
the attempt to make the old U. States Bank, ret
blc for the misdeeds of the Pennsylvania lostitath^-
an attempt at barefaced deception.
Tlio Tariff was next discussed by Col. K. ft
Clay’s views in relation to it fully explained,
Polk’s, put in juxtaposition with them. Col. K,
clear and satisfactory in his exposition, and kept i
Democratic friends all the timo quite uneuj, (f (
havo neither the time nor apace to do justice Co ham.
marks upon the Tariff, or the Texas queetimi, Mr
it to our friends to know that their cause wu it lib
hands, and that most triumphantly was hnsaiui
His eulogy of our great chief, HENRY CLAY,itlha
close of his address, was one of tho most fervent ink
of impassioned oloquence we have ever hcirl kps.
foctly rivetted tiie attention of every man,ud iiipis
of tho rule not to do so, it was received by the Indian
with great applause. As soon as Col.K. tho ipoh
about one hour and a half, in defence of Whig prisci.
pies (for, as no dcmocratic.principles bad b«i\ advanc
ed, he did not think proper to assail,) took hii Mills
meeting adjourned—nothing having occurred tomb
unkind feeling, nor a disposition manifested lo violaa
tho rules adopted at its commencement. We htpq
and believe, that good has resulted to ourcuue ha
the discui-sion. To our friends abroad, we ny. die
right in old Baldwin.
ALL FOB PARTY-NOTHING FOR COlfimi.
The malign influence of party strife is felt ill <w
the Union. Tho good and vvieo deprecate it, vU*
the had and ignorant countenance and support it fix
this state of things, the Whig party of the Unntdl
not hold thcmsolvca responsible. It is our opposnli,
llie Democratic party, who have produced it,audibly
must anewer for all it* eivil consequences. In Njiag
this, let us be understood as not alluding to the a*
and file of the Democracy. Not so! We held the well
informed leaders of that party accountable for it—**
charge upon those who enjoy the honors and lbs tails
raents consequent upon success, with it—and epos*
mass of their followers we look aB deluded and 4s
ceivcd men, who would cliango their course, il lb*
prejudices would permit them to listen toreisoa.
The Whig party of the Union are unitedtogetbeH
advance the prosperity of tho country—and to prwtn
the Union. They proclaim their principles openly d
boldly. Upon the mountain tops, and in every valley;*
tlio seaboard and in tbe midlands of this wide exteafa
Union, their principles, their measures of Gorenw*
arc known, and maintained by argument conri*eiS|b
every reflecting man. For their chief, or leader i» 8*
contest, they have selected one whose history 8i*^
ten in a nation’s eyes”—they have selected one,*b
has done more service for tho country than toy litN
man—one who, for 30 years, has devoted biaself*^
patriotic zeal to advance! the intercstsof the whotepnflt
Inlho aclectioin of their chief, they have provauW*
world the ardent desire they entertain to kcepthe rtpow
from being ungrateful, as well as toconliuueitsiduW*
tration iu accordance with the example set by Wssb*l
ton, Madison, and others. Thq. mere success of
they despise, w hen the ends to be achieved are uxb
the elevation of men, and the distribution of plond**-
Now mark tho contest! Like Jacob’*caltle,<*f*f
ponents are ringed, streaked, aud speckled, *o dir**
fled are their feelings and sentiments connected oA
the administration of (be Government—and yet tlley ,,
united to advance oue grand design—the at!xi*E*
of power. When assembled in Convention »t
more, it was with difficulty they could lrakeanyw*
nation. Mr. Van Burcn did not suit the Nullifi*™' 1 ®
Texas Disunion men, nor did Cou. Cais, Col.
or any other candidate for nomination, suit the Visa*
renites. The hands of each faction were raised *1***
the other—but llie thiril for tho loSve* and fishes tut*
great for this discordant body to separate wilbou*
selection of a party leader. Thia wasatls*!^
aud, “from the catalogue,” a naino was taken U**
which the parly rally is to be made.
And who is James K. Polk, the Deinocialie
in this struggle for lor power? What euiioeall*’
has he rendered tho country ! W.kiI lung Id*
has ho spent in its service 1 Where has bi*p* ll *j~'
been displayed ! When lias bis wisdom sbwx k“*
Tlio least star that twinkle* iu the firmament c*
better with the sun in its meridian splendor,
James K. Polk with Henry Clay. Iu all
that constitute a statesman, the one, HcaiyOWi
pre-eniinently gifted and celebrated, ivliilat lb*
James K. Polk, ia known only for bia °^ ,cur '^ a J
difference presented in tho raeu, can well be ceoPJJ
to the difference w hich exist* between lh*
lioiuyitly ami boldly advanced by tlio on* party*
contemptible Texas treaty humbug of lire
other principlo, if principle it can bo called, do I
tend tu proclaim.
But if you seek lor opposition to every
coiiinioti weal demands, you c*u find it 111 gt
our opponents. Iu Ilia South wing of the
can find opposition to any kind of a Tariff,
tlio modification of llie veto power, nud upf^“ l ^
to the cxiKteucc of this great and glorious b'm**^.
in tho north, you can find opposition to »
ob*
tion to tho Free Tr#do principles of their •«»**!
*1-
Whrt
lies, and opposition too lo Southern In*ti lul,< * , ’ t , 4
over you desire of the opposition, of the jtl
the destructite order, you cau liud iu ihi* g
they go for, ta Polk, Texas, and tho leave* sm
“tote. -yitk*
Ought not thou every freeman of Georg' 11