Newspaper Page Text
DNB8D
i, mo.
a wklohlonow c
o .would
out.,
nolwal
iftt
J. McDonald!
inrtoftho Director* in
18 Centml Bank* wm
r 1837, there wnsde-
209, buitif the por-
“ ' a Utiitod State*,
Thc*e
t kept
, atfwiift. .
'.Uitlwns. The wide and
which ha* been tints for
the citizens, mav reinm ■> «• ««"•
communication (for the benefit of those not
■ In accounts,) with n statement of the value
Ictttra! Bank. «e shown in the accompany*
mmnts, and witli the asslstanco of our
_j{* of its insets. We have said thst the
Bank is possessed of a capital of $1,982,003 53.
—This should be aver and above alt iu indebted'
ness; tho Surplus Revenue executed.
Time has proven the unaoundties* of a large
amount ofrlnima which have been due by the
State (in thirty years and upwards. Experience
is daily developing difficulties in collecting notes
heretofore regarded aa secured in the amplest
manner; but allowlngto these causes all the force
which .the moneyed difficulties of the time* can
give them, it i* the opinion of the Board that the
cnpitnlof the Central Bank I* worth at least $1,*
500,000 over and above all its liabilities.
TOML1N80N FORT, President.
r oCib
S2SK
Monday,n ltd ihtUhuto
Wo shall therefore
have no mail
Wo learn by a passenger who arrived in the
city \ . 'im.I,tv, having left New York nn Tues-
day Iasi, tlmt the Mails worn detained in conse
quence of a severe snow storm.
CX We have been ramimleil tlmt the Mayor
end Aldermen have set apart to*morrow ns a day
of Thanksgiving, and understand his Honor the
Mayor hae issued a Proclamation to thatoffect, a
copy of which we should have boeu happy to lay
before oar renders had it been furnished us.
03* We are requested to state that thelnda.
pendent Presbyterian Church will be open for
Divine Service to*morrow morning, at half past
ten o'clock.
! Capital
is means.
including the Surplus Revenues, was $2,363,-
240. At tho. present time, the 8tock is reduced
to $930£8144, which, with the 8urplns Revenue,
make a capital of $1,982,90353, now in tho pos
session oftne Bank. By thereveral Acts of the Le
gislature, tho Central Bank is required to pny,
at the requisition of the Treasurer, all appro
priations at the Treasury l and to pay the
interest on the Suite debt, lo eflcct tho latter
• 'ect, special powers aw given for tho tranmiia-
,n of funds. At the Annual Report of 1839,
d during the subsequent time up to this day,
re was, and has become chnrgcuWe to the Ceil-
lank, the following sums:
AlKj“.nd n F re e Sdiool Fuiid
for 1839 and ’40
Interest on 8tate Bonds, '
Appropriations lor the Uni
$584,029 16
67,447 65
61,81606
,000 00
General Statement tf the Condition of the Central
Bank of Georgia, on Mondag, November 2d,
1840.
DR*
To Capital Stock, Nov.
4th, 1839, 1,311,817 91
Diminished during the
year by the following,
viz: Treasurers Re
ceipts, ttr 404.757 60
07 Mr. Welden it will be seen by referenco
to our advertising columns, will continue his ex
hibitions two more evenings. Those who have
witnessad his woHderlhl illusions, and the aston
ishing featsof Master Chambers, the India Rub
ber boy, have been highly gratified.
Increased dnring tha
year by the following:
Balance dis.
on notes,
1839. 18,201 31
Discount on
bills, 4,930 32
~ 269 87
97 95
400
17 67
907,06031
23,521 13
lie payment of this mm,
j tho sale uf the Stock held by
o lie provided Tor,
■ To provide for the]
Legislature ordered ri
the Ceutral Bank in other institutions, amount
ing to $1,003,000, and gave to the Directors
the authority herefore not given to the Central
Bank, of issuing its bills to twice the amount of
its capital.
For the immediate want* of the treasury, the
Bank was compelled to resort to the issue of its
own bills, hut these not being current in the city
of New York, where our deb. of highest impor
tance existed, the Board resorted lo the discount
of bills and notes payable in New York and other
chins, from which remittances could be more
easily made.
To pay the interest on the bonds of the State,
the Bank was compelled, in part, to resort to
the shipment of. specie, by which the sum in its
vaults has been greatly reduced.
Feeling themselves under tho highest obliga
tion to discharge the debt to the Pbceoix Bank,the
Directors made great efforts to remit funds from
this State for that purpose. Fmui the city of
8avannah, they made considerable remit
tances at heavy losses on the exchange; but
they found it itnpracticobla to remit in this
way dm sum they had provided, even at a
loss of 8 percent to which they had submitted pn
most of their remittances. The consequence lias
been, that about one hundred thousand dollars
of these funds, placed in that city for the purpose
of paving this debt, have remained on hand. Un-
dersjanding that exchange between thechjesof
‘T/Jre Board have directedihetranimriraten of
u»e funds to be again attempted, and they have
no doubt of accomplishing this object with bat
loss of time.
ill due to the PIranix Bank, is
ram will, in ail probability, be
f the Central Bank in less than
le issue of its own notes, the
_.ydue it, the profits of its bit-
le of $298,900 of its Bank Stock,
* is-paid, dnring the current
'on* $300,000
$37,000 00
changed and commissions
.....llow, 28,000 00
To Commissioners of Western &
Atlantic R. R. 70.027 67
Requisitions by the Treasurer 404,757 60
Interest, commissions & exchange
on State Bonds, 61,815 66
Academyand Free School Fund, 57,447 65
Appropriations to University, 6,000 00
Time Checks, 30,000 00
Treasurer'srequisitiononBankStock 90,131 00
Capital Stock, Nov. 2,
1840.
U. S. Surplus Revenue
Discount on
Notes,1840116,320 73
Discount nn
Bills, 1840, 8,863 09
In't received
(on old
bonds) 1840 1.97122
Premium, 1,55321
Profits of theyear exclu
sive of* Bank Divi-
, dends.
Diminished during the
year by Uie follow-
log: .
Appropria
tion* to tha
University, 6,000 00
Free School
and Educa
tion Fund, 21,02844
Discount on
Note can
celled, 2433
Interest. 1,27122
Premium, 1,553 21
930,58144
1,051,422 09
128,008 25
29,87720
New-Yorklonn 12 mos *
Dividends on Bank 8tock 1839 and
1640,
Due to other Banks.
Credit of depositors,
&c. viz:
Execut. De
partment, 15,329 07
Ths. Haynes
Treasurer, 61,094 30
C.J.M'Don-
TssfcSc&r iaa *
br-Tr-p. -r~7
King, Esq.
agent, 2,464 77
Individuals. 63,91631
Balance 1st
98.131 05
263,000 00
101,71800
15,453 13
147,462 31
Cent’I B’k
notes 482.173 00
On band, 180,947 00
Sec. emis'n
Cent’I B’k
notes. 800,000 00
On band, 106,890 00
301,226 00
691,110 00
In circulation,
992,33600
By reference to the accompanying document,
It will he seen, that in the last year an addition
of $23,521 13 has been made to the Capital Stock
of the Bank, bnt the charges made on that fand
are $404,757,60 by which the Capital Stock has
been reduced. $381,237 47, and is at this time
$330,56144. ,
in conformity with the will of the last Legisla
tive, the Directors of the Central Bank have put
mmpleted a distribution of $750,000 by loan* to
Hire, the
complete. rv ,
the citizens of the counties. These loans have
been eagerly sought by oar citizens. By this
operation, the profits of the Bank have been in
creased by the sum of$45,000 audits notes by
tbe sum of $7503)00.
Besides its debt in New York, and something
due to depositors, the Central Bunk now owes a
debt of $992,336 on its own bills in circulation,
and those due on requtslions of the Legislature,
are amply provided foT by its funds on band,
and its bills of exchange running to niaturi-
ty.
To provide Ibr the payment of its bills in cir-
_ "-nbnuwnuiy chiefly on $1,809,-
nted notes, and nn $381,100 yet
I- urM. B nn k of tha g Ulle o( -
f Augusta. The sale of
.is has lessened ourAmonut
i hy that amount, and un-
iution of our pa.
will be greatly
. 11.100 of those
e sales be effected,
inted paper equal
Expectations, the circulation of
c limy, in five or six month*, be
ut $300,000—its debt at New
d, and the interest of the public
ibtif Jhie by the State, those to the la-
borers on her public works, were regarded wiih
peculiar favor. The Commissioners of the Rail
Road, finding it impracticable to -sell at parthe
Statu Bonds placed at their disposal, had recourse
to the expedient of issuing a kind of certificate or
scrip, which to a great extent answered the pur
pose of each in making their payments. The
Directors have ordered the reception in payment to
the Bunk, und in some cases, the payi
t lose certificates. They have
felt wnrmnted by Urn circUH
laws relating to the subject,
dientof the Commissioners, -
the Bank it is noteasily seen *
Iwve been continued. The
Legislature with it* ample pm
will point out lo there merito
or*, Uie source to which they
$3,600,104 02
Bank Stock, viz:
Bank State of Georgia, 289,700 00
Bank of Augusta, 91,4U0 00
Banker Darien, 325,000 00
Old Bonds, Notes, dec. received from
Slate, viz:
Bonds for Fractions in
Baldwin & Wilkinson. 20,860 30
“ 44 “ and square
lot* sold in 1811,
" “ “ 1821,
“ 41 at Macon,1624,
CR.
•706,100 00
44 44 Bridge 44
44 44 Confiscated pro-
perty,
'* 44 University lands,
44 Indisn Goods,
Notes for rented Lots in
Hall connty,
44 44 44 Habershamco.,
! '* 44 rent of Fractions
V in 1822,
f 44 4 4 44 1 827,
1,117 29
1,287 41
33 27
116 25
12,500 00
17,487 39
4,603 46
510 75
279 50
29 12
402 90
1*802 73
3,450 22
44 44 Lots at Macon re
linquished by T &
Bennett, 60 00
44 44 Property rented at
Fort Hawkins, 5,099 65
44 44 Cherokeelmprov-
meets in 183J,<fc’32 6,421 57
44 44 Lot* 10 & 100 in
Baker, DeKalbsnd
Thomas, 146 12
44 44 44 44 Early, 123 12
44 44 Bridge landing
at Milledgeville, 240 00
44 44 Frnctiuu 7th Bald
win, 7 00
44 44 Public Arms, 441 S3
Receipts for bonds for
Fractions in Wayne, 4,835 87
Reportof Lamar & Hines
on Franklin bni'mew, 97,459 06
Bonds for loan to City of
Columbus, 10,856 80
Brunswick R. Road and
Cenul Stock,
Noteadiscounted,
Bills.
State Bonds,.(interest ex-
tfesion*,)
-190,371 24
61,815 66
79,027 67
901 31
At tho Inst Annual Report, the Central Bank
held of (lie notes of the Darien Bank. $118,447.
Of thi*, the Board have limited mi twelve tmmilw
puper, $30,000, leaving $88,447 now in our
vaults. Tho uiauiliist advantage of placing this
fund nt interest, to ho paid by individuate, in
stead of holding a claim of interest against the
Bank, seven-tenths of wlmso stock is owned hy
the Stale, ha* induced the Board to make these
loans. Tho borrowers have been debtors of tho
Bank of Darien, who have thus been enabled to
B their debt* to that Institution. If the Lugii-
re will authorize tho Board to take front the
k of Derail iui tho usual term* oftiieir loans
ion. any good note* it may offer in
r iu hills, it may result in general ad
e to both institutions.
TOMLINSON FORT. President.
A.M.NESBIT. Cathitr.
,4 f* that your as the moil raid when the shark
bit hi* leg off. “You’re too familiar,” replied
' the shark.
THE CENTRAL BANK OFfGEORGlA
Tbe Doge of Venice wai iu the habit at stated
periods of marrying the sea with a golden ring.
This ceremony was symbolical nf the power and
wealth and grettdnir which the Venetisu Repub
lie and her imperial city, seated on an hundred
iles, bad acquired on the bosom of that golden sea
traversed by her richly laden Argosies. Three
hundred and fifty or four hundred years later, the
State of Georgia celebrates the marriage rite
" With the psle tenants of the abysmal ocean,"
in a style altogether different. While Liberty,
the Constitution and Laws have stood witnesses
nf the sacred rite, she has cost her millions of
gold into 44 the tastf deep," in the vague and
vain hope that the lapse of time might restore her
lost resources, but the sea will not yield up her
hidden treasures. Like the Egyptian who cast
his bread upon the waters, we may wait to see
the subsidence of the flood and the springing
forth of die promised fruit, but we shall wait in
vain. The seed which is sown in the depths of
human folly and corruption and intrigne and self-
interest, shall not produce fruit—and if in the
course of human events (which God grant) legis
lation shall so improve as to redound to the ben
efit of posterity, it will be regarded as a wayward
phantasy, a moral enigma, an eternal reproach,
that any- Legislature should ever have 44 played
such fantastic tricks before High Heavenas
•hatter the vase in order the sooner to collect the
odours contained in it.
We refer our readers to the report of the Pre
sident of the Centnl Bank, published this day.
In dissecting this paper and exposing what we
consider to be incorrect in the body of it, we do
not propose to censor* the officers now in the
Bank. In stating tho assets of tbe Bank, they
pursue a beaten track which the feet of others
have pressed before them, and it is their misfor
tune and not their fault that they are required
obey the behests of a Legislature which requires
them to execute unwise laws. Portions of the
report, however, appear to ua decidedly objec
tionable, inasmuch as they are calculated to mis
lead the public mind, which certainly is not gen
erally well versed in banking operations. For
instance the report says:
Tbe heavy amount of debts due by the peopli
the pojtrreward oflimorljaas rendered the collec
nonoi moneyunctfie Bank exceedingly diffi
cult. Our receipts have been greatly increased by
the monied facilities arising from our distribution.
which lias almost entirely been loaned in small
sums, and the great amoiiut of indebtedness thus
transferred from creditors, who would not wait,
to the Bank, which will await the annual re
turn of the industry of the planter, has op
erated as a relief to thousands of our most meri
torious citizens. The wide and harmonious con
nection which has been thus formed between the
Bank and the citizens, tnay render it proper to
close this eomnranicaiion (for the benefit ol those
not skilled in accounts.) with a statement ofthe
value of the Central Bank; as shown in the ac
companying document*, and with the aa*Utance
of our knowledge of its assets.
Evdry reader will at once refute for himself
the extremely absurd proposition that an evil is
to be remedied by aggravating it, that bad debts
are made better by putting into circulation n new
batch of Bank notes, which are positively below
par value in a great part of the State when used
for purely business purposes. Grant that a part
of the 750,000 dollars, put into circnlation, will
come iulo the hands of the old debtors ofthe
Bsnk, and that thus they are enabled to reduce
their notes to a certain extent, what becomes of
the notes given for this 750,000 dollars? Are
they all taken up or reduced at the same time ?
Certainly not. The reasoning, if it amounts to
any thing more than a palpable absurdity, conies
to ibis—that the issue of this $750,000 throws tbe
Central Bank notes at a level oflO a 15 per cent
below par, which operates os an inducement to
the debtors of the Bank to buy them up in order
to pay their debts due to the Bank with them.
Follow out the principle—snppose that the pre
sent Legislature should in iu wisdom (a thing
at least possible) order a new issue of $1,000,000.
As soon as the issue was completed, the notes of
the Central Bank would be worth perhaps 50
cents on the dollar—end in that event, the old
debts wonld be paid up faster than before—and
then issues might go on till the notes should be
worth 10 cents on the dollar, in which case the
debtor could with $10, pay a debt to the Bank of
$100. This would indeed operate as a beauti,
ful system of relief to the debtors of the Bank,
but the fiscal credit of die State would be
“ In tbe deep bosom of the ocean buried,”
long before things should arrive at that point-
As abaord as such a plan • of relief would be, i 1
could not iu our honest estimation surpass the
stupidity, not to say folly, of the plan hitherto
pursued—wliich allows the speculator, Who gets
the money from the Bank at 6 per cent, to loan
jt again at 15 a 20 per cent to the poor man who
has a judgment hanging over him. Such tender
mercy as this, is refined cruelty. The specula
tor who perchance assigns over his own property
or by some other means avoids paying the State
his debt, has his mortgage on the property of the
poor borrower, which he can foreclose whenever
it suits his convenience. The report speaks of
“ iride aud harmonious connexion uhich subsists
betuxenthe Bank and the dtixcns. u Heaven know,
the connexion is wide euough, but the union
piu*t bo regarded as an incestuous one, and the
whole progeny ofloans and debts and mortgages,
quarrels and corruptions, issuing therefrom,
should be wonted nt by every intelligent Geor
gian. If there is any harmony in the connexion,
it Uu harmony of horrors which in sure to engen
der* numerous train of evil*.
Let us before examining the present condition
of the Central Bank os ascertained by the report
just rendered, glance at the situation of the fiscal
affairs of the State under the system of investing
her available fnnds In the stocks of the several
Banking Institutions of the State. In the year
1611, the Stale of Georgia authorized a subscrip-
>» the Bank of Augusta,which was
I to $100,000. Her next in
vestment was in the stock of the Planters’ Bank
wore co
oni invi
come to the
period of
ending in
received
Thee:
one s)*lem gave risi to the
other systei
of receipts
dertheold
new one under which the
so reversed as to eau«* iU
ofthe expenditure. In order the moro
perfect this last method of administering
nances ofthe State, it has been thought
ry to sell out the atooks owned hy tho State in the
various institutions above referred to, thus con
verting a positive and cnuitant source of supply,
into a positive and constant source of waste or
loss.
Should the Legislature in ita wisdom think
proper to re-establish the method resulting in an
excesa of receipta over expenditures, it wjli or
rest tha sale at once nt the State Stocks in the
institutions referred to. Bnt if the new or losing
system, is preferred, the sale will bo allowed to
go forward.
It appears by accural? statements, that for •
period of ten years, beginning in 1829 and end
ing in 1839, the diacouhta by the Centra! Bank
amounted to an average of $1,197,598 per an
num, and the avenge profits for the same time
were $56,513 per oniium—which is equal to an
iuteresl of 4 7-10 per cent, per annum—while it
has been seen thst tho profits un the $1,005,000
vested in the local banks amounted to $745,860
far the same tei years, which is equal to an in
terest of 7.400 percent per annum on the capi
tal thus inverted.
Precisely mch a result aa this might be expect
ed from dunging a stock paying near 8 per cent
to one paying a little more thun 4 per cent, or ra
ther payings great deal less than no percent, if
we take into the consideration tho immense a-
mount ofbad debts incurred during the adminis
tration of the Central Bank.
A Rothschild, a Tnrtoni, or tbe smallest green
grocer in twenty States, would turn up his nose
at the idea of making loans at six per cent, inter
est for long periods, when a higher rate could be
obtained for short periods.
We postpone the consideration of the remain
der of this subject tilt to-morrow.
North Carolina.—Gen. Harrisor's majori
ty in forty-two counties, is 8420, a Whig gain of
2954, since August. There are twenty-five coun
ties to be heard from, and the entire majority for
Harrisor will probably be 12,000.
Alabama.—The Montgomery Advertiser ofthe
20th Inst. (Loco Foco) says— 44 Alabama has
gone for the Administration by upwards of4000
votes, and the majority may reach 6,000. Al
though the Whigs in South Alabama, have voted
2,500 more than any previous election.
[COMMUNICATED.]-
Geographical Politics.—It is a curious sub
ject of study and reflection, for one to take the
map ofthe United States, together with the elec
tion returns, and compare them together. The
first thing which strikes the observer, is the pop
ularity of Mr. Var Borer all along the line of
Custom Houses, (that is, all the popularity he
has) and on the other hind, the unvarying power
I do not insinuate at ali.that there is any thing
•nspicious in this—Oh no! I only wish to
draw the attention of yonr readers tn the singular
coincidence. It is all owing to the influence of the
tides, no doubt, and perhaps somewhat indirectly
to the moon—if not, it roust be the salt water.
What can it be owing to ? Perhaps to that ever
lasting thing tbalthe Doctors ascribe every thing
to—malaria. Is there no core for the disease ?
Perhaps old granny Harrisor could suggest some
•at that's good for ft. x.
In consequence of the liiilore of tin
ght on Cotton will bo reduced to
rates our bale, after the 22d instant
Warrenton to Augusta,
Curaming, ••
Crawfordvllle, “
Jefferson Hall, 44
Greensboro, '•
Uuckhond, 41
VVnoo(lville,and I,,
Hand of Athens Br. J
Round bales not to exceed 375 lbs., nnd square
bales 425 Ihs. For the excess above these wolghts
half cent, per 100 lbs. per mile. All hales torn
while in possession ofthe Company, will bo men
ded nt their exponse. Business will commence
regularly on the Athens Branch after the 22d in
stant. A passenger car will be attached to tho
freight train leaving Augusta on Mondays, Wed
nesdays. nnd .Yriduys, ut 7 o clock, A. M., Buck-
head ntOi o'elock on Tuesduys, Thursdays and
Saturdays.
RICHARD PETERS, Jr..
Suporiuteudant Transportation.
GEORGIA LEGISLATURE.
Correspondence of the Augusta Chron. !f Sentinal,
MILLEDGEVILLE. 20th Nov. 1840.
Tho Bill contemplating a withdrawal ofthe
$6000appropriation lo Franklin College,was yes
terday postponed in thm House on a motion of
Mr. Stephens of Taliaferro, who proposes to
submit the whole matter to a committee to bo ap
pointed hy the Governor, who shall investigate
the state of accounts between the Stuto Treasury
and the University, and report the same lo tho
Legislature, when a settlement should forthwith
be made and a final separation take nlace. After
the disposition of this bill by the Houso the re
mainder of the sitting was consumed in the read
ing of Bills nnd locauegUlation.
In tbe Senate the most important question
which engaged their attention was the bill propos
ing some amendments to the Charter of the Geor
gia Rail Road nod Banking Company, which call
ed forth a debate, (which I did not hear,) that
had trot concluded when the Senate adjourned.
This morning, in tho Senate, after reading the
journuli, the Seuate took tip the unfinished busi
ness of yesterday, being the amendments to the
Georgia Rail Road and Banking Company’s
charter, which wasfinallly passed, but with so ma
ny amendments and provisions nsto render it of
little interest to its fnends.
In the House this morning, the members were
entertained by 44 one of the Acorn boys," Mr.Hun-
ter,of Cherokee, in an animated speech ou hit
motion to reconsider so mnch of the journal of
yesterday as rejected his bill to prohibit the intro*
dactien of cuttle 44 from the distempered district”
ofGeotgia, into tho Cherokee counties, ora por
tion of them, which motion was finally adopted.
After the reading of the journals, the House
took up the resolutions, and amendments thereto,
of Mr. Flournoy of Washington, when Mr.
Toombs of Wilkes, offered a preamble and res
olutions, disapproving ofthe principles and mea
sures of the present administration, in lieu of the
originial resolution and amendments, which
were, together with the originaland amendments,
indefinitely postponed.
This result would appear somewhat strange, to
those who are aware that the Harrison parly have
a majority of 25 in the House, but when I reflect
that the vote was so small, ill consequence ofthe
great number of absentees, that many members
who are ? zeuloii8 advocates of Gen. Harrison are
unwilling to consume time with such a discus
sion,! confess the result was to me not unexpetc-
ed.
The other morning business of Uiq House is
wholly of an uninteresting and unimportant char
acter. . J«.
message
growth ofthe voting republic, in pop-
i nnd resources. The harvests have been
and agriculture it extending Itself In
, action, promising rich rewords to the
toil ol the huihhnndmati, snd giving earnest of
tho ftiture Importance and power of the republic.
The commissioners to run the boundary line
between Texas and the United Stales, had been
compelled to suspend operations for want of
means, d
,4 We4titt farther convinced,"rays (he Galveston
Courier, "from intelligence received lately by the
o, OU, pi O, 1UU Of, 111! Ol /(, VII I
0|, 604 at 81, 8S0 st7|. 40 at 8J, 100 St 83-10,100 at
8,145 at 8,145 at 8,88 at 81,100 at 7(, 149 at 8), 74
at 8J, 185 ai 81,109 at 8, 100 at81, 60 at 8|, 103 at 8
at 7( a 8{,640 ~
3-16, 450 at 8}, 180 at 81,600 a
0 at8|, 00
si 8,36 at 74, 53 at 00,800 at 8,090 St 00,500 at00,
100 at 8, 815 nt 8), 950 at 8. 1000 Mississippi and
Tennessee st 8 3-16, and 900 Western Districts at
Jrdinary .
84*8(1
trio, Ug.
81 senls.
' Liverpool Classification.—La. fy Jiffs*.—Ordinal
7s 7|* Middling, 7ja8j Middling Fair. 84 -
Fair, — a 041 Good fair, 10 a 10J; Good & fino,
Statement qf Cotton,
1840, Oct. 1, stock on hand,
Receipts last three days,
44 previously
13179
117024
For the Savannah Republican.
Messrs. Editors—As “Locomotive” has
thought proper to give up a had job—and that he,
as well as others, begin to see the justness ofthe
cause iu which I have embarked, I will now pro
ceed to set forth facts that exist in relation to the
Central Rail Road,as I first intended,
I am asked not to compare the freights ofthe
Central Rail Road, to those ofthe Georgia Road,
as that Company only lowered their freights, to
make it an inducement for Fanners to send by
the Road, instead of sending their Colton to mar
ket, and bringing their Goods back on their wag.
ons. A poor excuse this, to be sure. But the
Charleston Road Idwers their freight, not for the
same cause, but onesiniilar—to compete with the
Steamboat Companies on the Savannah River.
Now, as trifling as these excuses may appear to
the visionary imagination of the Central Rail
Road Company, they appear grand and impor
tant ones to me, and if these be good excuses for
the former Companies, why should they not be
for the latter; is it because the Farmers on and
near this Road, care leu for their interest ? Is
it because they have no wagons or teams 1 Or,
is it because they owe a support to this Road, and
must give it right or wrong, because it is the great
Central Rail Road, coming from the great sea
port city of the State, and running through their
section of country ? This really seems to be the
idea ofthe Company, and the only one they ad.
vance. But, I tell you gentlemen, it will not do;
in these times, every ouo takes cure of himself—
and the Farmers, the very soul of our country,
are always ready to take care of their interest,
and guard it from the extortion of soulless corpo
rations. Make it the Farmer’s interest to putron-
izeyou, and he will do it, and thereby euhance
yourprofiu.
I would have you look beyond the limits of
Pavonnah, if you wish to build her up by the
Central Rail Road. Search out your competit
ors, view the ground they stand upon—then draw
up your line of battle and meet them like experi-
enced Generals, nnd not like Militia Captains, os
you seemingly have dnno heretofore.
The trade must he drawn from Augusta, and
it must be done hy low freights. Yon have tn
compete with the Rivera Savannah, Oconee and
Ocmulgee—and this too, must be done by low
Ireighta.
ft might be osked if I know a Farmer who has
quit the Road on account of high freight*
know many; yes, I hear of too many, and I fear
the Company ore long, would be glad to have
heard of less. A Farmer informed me hut a few
days since, that he could haul his Cotton to Au-
gusto, sell it and realize more money for it, than
he could by freighting it to Savannah per Rail
Road. The common conversation among the
Farmers is high freights, high freights—and Jie
more they converse with each other on the sub'
ject, tbe more determined thoy are to quit the
Rood; ond when once they have mode up their
minds to do so, low freights I tear will be ofliule
avail.
Gentlemen, let mo entreat you or a friend tn
the Central Rail Road, and one who would do as
much to secure to h patronage as any one in this
city or elsewhere, to pause fora moment and re-
— . MILLEDGEVILLE, Nov. 21.
His Excellency the Govenor, yesterday, in obe
dience to law, communicated to both Houses the
triumph ofthe HarrisonElectoraJ Ticket inGeor-
g'w.
It is asserted here, upon the authority of letters
received from Columbus, the Judge Colquitt has,
or will, resign his seal in Congress. Whalcottrse
Messrs. Cooper and Black will pursue in this
matter 1 am not advised, nor do I know that it is
known.
After my letter of yesterday was closed, the
action ofthe House was confined to the reading
of bills, &c., not of general interest or import
ance.
This morning the House, by a vote of 91 lo
79,deterniiued to reconsider the vole of yester
day, which postponed indefinitely the resolu
tions and amendments of Mr. Flournoy, of
Washington; and it is now oltogether probable
that we shall have an able, important, and highly
interestiogdiscussion, on Monday next, involving
principles of great magnitude. The joint,
standing committee on Banks have this morning
reported to both Houses a bill to enforce the re
sumption of specie payments by tho Bunks on
the 1st of January, lb41,and providing for the
forfeiture ofsuch charters as fail to comply. In
the House this bill was ordered to be priuted. and
made the special order of the day for Wednes
day next.
In tlie'Senate, yesterday, the bill contemplating
tho withdrawal of the $6,000 appropriation to
the Franklin College was referred to a special
committee, which was this morning re-consider
ed, and is, while I .write, undergoing a discus
sion on a motion to*lay it on the table for the re
mainder of the session, nnd a proposed amend
ment ofthe Senator from Walton, which provides
for the drawing of$3,000 to enable tho College
to meet its engagements, 4
The joint standing committee on internal im
provements have also reported to both Houses a
bill to appropriate One Million dollam, in State
Scrip, to the completion ofthe Stale Rail Road,
and providing for the levying of a caput tax on all
negroes between the ages oflO and 60 years, to
create a fund to defray the interest on the public
debt, and a sinking fund.
After rending the above report*,the House took
up the bill from the Senate for the pardon of
James Hunter, of Chattooga, condemned for the
crime ufniurder, which is now under considera
tion J.
Since the above wns written, the quesliou has
been taken and the pardon granted.
CHARLESTON, Nov. 23.
From Havana and Key West.—Tbe U. S. Mail
Packet Schr. Heme, Cnpt. Morris, arrived hero
yesterday, from Havuna, Key West, and Indian
Key.
We are indebted to our correspondent at Key
West lor Uie letter which follows, and to com
mercial friends for extracts of letters in reference
to tho state ofthe Havana market.
Key West, Nov. 16.1840.
Our wreckers which my lost informed yon had
proceeded for the wreck of ship Norway, ofBos-
ton, hnve all returned, with the cargo, which is
in a damaged state; the materials of the ship, and
officers nnd crew, have also arrived. The cargo
consisted nfwiuns, dry goods and furniture. The
latter was left, being so much damaged that the
wreckers would not bring It away. There word
about eighty passengers; they have ull arrivee
here, and a part hnve proceeded for New Or
leans.
The schr. Saratoga hns left for Mobile, , v -
paired, with balance of cargo, after selling a part
to pay salvage and expenses.
No late news from the Indians. The steam
boat de Rnssetta left this port yesterday for
Tampa. She was from 8t. John's River.
Courier.
_ ~8T. AUGUSTINE, Nov. 13.
The Talk.—Ho-la-too-cheo and about a dozen
Indiniis with names of similar dimensions, which
we do not remember seeing in print, hnve come
from the West to Fort King, for the purpose of
persuading their brethren to emigrate.
Tiger-Tail nnd about ICO others have, itlisaid,
tnade it morning coll upon their old friends, with
many protestations of 44 no cheating thi* time,'
propose adjourning deliberations to Tampa Bay
The8th Rcgimentond other troops, amounting
in nil to about 1,200 men, are ut Fort King, but
we would givo more for the influence of three
French Canadians over Indians, thun for that of
Uie hast regiment in the service.
However, we approve of the Talk, The In
dians have been drowned out of their swouins—
their families have been broken up—they want
ix.ftoin Corpus Chricti b*y, thatlher*
io serious collision between Arista
•loop pIwbi
has been
(Centralist) and Canales, (Federal). At the la
test accounts Canales was making rapid march-
" from town to town, in the direction of Tampi-
• and every place he visited declaring in ftivnr
of 4 the Constitution of 1624,' and joining in his
cause.”
The Houston Star ofthe 11th, contains the fol
lowing:—
SUCCESS OF COL. MOORE’S EXPEDI
TION.
We learn by letter front Austin, received by
last night's mail, that on the 21itult. the troops
under the command nf Col. Moore came In sight
of a large Commanche enenpment, nn the head
wnters of the Colorado, about 300 miles north
west nf Austin, which they attacked and succeed
ed in killing about 150 Indians, captured 32 pri
soners, about 500 horses and mules. Among the
captives are two Mexican boys, Col. Moore
w th his command arrived at Austin on the 7th
inst.and was received by the inhabitants with the
highest demonstrations of joy and commenda
tion
From the Boston Daily Advertiser.
SUPREME JUDICIAL COURT.
Commission Merchants.—Tho case oCF.A.Jen
nings, vs. Joseph Leavitt, which was concluded
yesterday, was an action brought to recover about
$140 of the defendant, for advances made the
latter on goods consigned to the plaintiff. It ap
peared that the defendant, who is a manufactur
er o f candlesticks, consigned a lot of them at three
different times to the plaintiff, and drew on him
for three fourths of the amount. Nothing was
said expressly to the price at which the plaintiff
was to sell the goods, und after keeping a part of
them on hand for a considerable time, he closed
the consignment ot a sale btltno the invoice prices,
and not receiving sufficient to reimburse himself
for the money he had advanced, he brought this
action to recover the balance.
The defence was placed on the grounds, that
the plaintiff had no right to sell below the invoic
ed prices, that he hod not rendered a regular ac
count, ond that he was liable to the defendant for
any loss on the goods by a sale below the prices
fixed by the defendant.
In the course of the trial, it was in evidence by
hardware dealers, that they always supposed that
when goodB were consigned and nothing was
•aid ns tn the prices at which they were to be sold,
the consignee was limited to the prices in the in
voice. There was also evidence of an opposite
character.
At o former trial ofthe case in April last, the
jury were unable to agree. At the present trial,
verdict was retuned for the defendant.
Burtteltrot.lhe plaintiff, D. A. Simmons and
i. D. Parker for the defe
Exports last three days,
previously,
_ -1887
61308
9701)
»
150007
60105
efendont.
Stock on hand, . ' 02813 1
Sugar, Lonislana.—Our last report left tbe stock
on the Levee, in first hands, very light, but since then •
suppUesfoave come in mose freely, the receipts dur
ing the last three days, being 1048 hhds. The sales
in the nine time have amounted to about 350 to 400
hhds. at price* ranging from 5 a C| cts, a very prime
lot of Attakapos, having brnught the latter price.—
Most of tbe sales have been at 5| a 5) cts. and prin
cipally for the Northern and Western markets.
Molauts.—The receipts are light, and the demand
moderate, at 24 cent* per gallon for barrels in good
order. Wo are not advised of any further sales on t
natation. Arrived since our last 349 barrel! 90
ihds and 165 tierces.
Rice.—A further cargo of about 300 esaks has barn .
received since our last, which baa gone into store, aud
is seilicg in lots at $4 8a a 4 50, with a moderate de
mand.
Exchange.—Sterling Exchange was quite scarce
during die first few daya that succeeded our last re
mit, and some small amounts were sold as high as
per cent, premium, Yesterday, however, bills
were more plenty, and tales were made at tbe form-
rat® o* 8| per cent, premium for round sumi,
though wo heard of no very large trsnsaotions. Ex
change on Paris is offered in round sums at 5f 15, bnt
meet* with little demand. Exchange on New York
it in fair demand, but the pretence of a few more
aeltera in the market haa caused the rates tn give way
a little, and some sales bate been made at 4* | per
cent discount for bills at60days Bight. Our present
luotations are par a j per cent discount. BUI* at
nort sight have been in more demand than formarly
1 a 1{ per cent premium for short sight. Philadel
phia 60 days 9 per cenl prem. Boston 60 days par.
Freights.—There has been but little activity in Eu
ropean freights since our last report, and the only
engagements we have to notice are three ships ior
Liverpool at9-16d, and one for Marseille* at 14 cent
for Cotton. Vessels are plenty, and the above rates
readily accepted. There is a little more offering
coastwise, and the rale for Cotton to New-York has
advanced to 4 a cent.
(By the Haynt, at Charleston.)
•‘HAVANA,NOV. 13—Bugaraheve advanced re
cently in consequence ofthe reduced stock. Brown*
6J a 7 rs.j yellowa 74*0 ra. whites 101 rs.j Coffee,
new, acarce atlO a 11, in brisk demand for New Cr-
leans. Exchange on London 14 per cent premium j
on New-York 2 per cent prem.”
“ HAVANA, NOV. 14—There has been no change
in the Rice market since onr last. We conliuue the
tame quotations. New Coifers are oppearing in
amall lots, and find immediate buyers at 11M a 11, and
the demand very brisk. Exchange on London M
prem. nuroal, U. States 1| a 3 prem.; Beef, No. 1,3
and prime 8 a 14; do. Buenos Ayres, 13*184 rs.;
Pork, prime and mess 15 a 17; Hama 13 a 15; Lard
16 a 17 j Butter 17 a 99; Candles, Tallow 17 a 101
do. Sperm. 45 a 47; Flour, Am. 144 * *®41 Rif® ll|h
Potatoes 34 s3f | Boards, W. P. J)4a 271 Lumber,
P. 24 a 25; Hoops 40; Shooks and Heads, inspect-
The following information of a change in the
Russian quarantine regulations has been official
ly communicated by the Russian Minister to
the Department of State.
British vessels coming from the ports ofGreat
Britain, laden with American cotton, will be ad<
milled into the Russian ports on the Baltic,
without having had their cargoes purified in the
Danish quarantine establishments, upon produc
tion by their captains of certificates granted by
British authorities or by Russian or Danish Con
suls, proving that the cotton' with which they
are laden comes really and truly from the Unih
States, ond has not been shipped from a port
Great Britain. ,
The same disposition has been also extended
to all vessels whatsoever arriving laden with Am
erican cotton, taken in at any European port,
(except those on the Mediterranean,) or in any
port ofthe United States, of the healthy cond ■
tion of which satisfactory assurance can he giveu.
Washington Quibe.
HYMNS TO THE GODS.
BY ALBERT PIKE-OF ARKANSAS.
No. IV.—To Diana.
Moit i graceful Goddess I- -whether now thou art
Hunting the dun deer in the silent heart
Of some old quiet wood, or on the side
Of some high mountain, and, most eager-eyed,
Dashing upon the chase, with bendad bow
And arrow at the string, and with a glow
Of wouderous beauty on thy cheek, and feet
Like thine own silver moon—yea, aud ns fleet
As her best beams—-and quiver at the back
Rattling to all their steppings; if some track
In distant Thessaly thou followest up,
Brushing the dew from many a flower-cup
And quiet leaf, and listening to the bay
Of thy good hounds, while m the deep woods they
Strong limb'd and swift, leap on with eager bounds,
And with tbeir long deep note each hill reuounds,
Making thee muaint—Goddess, hear our ciy,
An4 lev as worship thee, while far and high
Goes up thy Brother—while his light is full
Upon the earth 1 for, when ihe night winds lull
The world to aleep, then lo the lightlesa *Vy
Dian must go, with silver robe ofdew
And sunward eye.
Perhaps thou lieston some shady spot
Among the trees, while frighten'd beast hear not
The deep bay of thy hounds; but, dropping down
Upon green grass, and leaves allsere aud brown,
Thou pillowest thy delicate head upon
Some ancient mossy root, where wood-winds run
Wildly about thee, and thy fair nymphs point
Thy death wing'd arrows, or thy hair anoint
With Lydian odours, and thy strong hounds lie
-Lastly on the earthy aud watch thine eye, - -
And watchtbine arrows,while thou hast* dream.
Perchance, in some deep-bosom 1 !! shaded stream,
Thou bathestnow, where even thy brother 8un
Cannot look on thee—where dark shades and dun
Fallon the water, making it most cool,
Like winds from the brond sea, or like aoms pool
In deep dark cavern: Hanging branches dip
Their locks into the stream, or slowly drip
With tear-drops of rich deW t Before no eyes
But those of flitting wind-gods, each nymph hies
Into the deep, coo), running stream, aud there
Thou pillowest thyself upon its breast,
Oh Queen, most fair!
By all thine hours of pleasure—when thou wist
Upon tall Latinos, moveless, still, and lost
lu boundless pleasure, ever gaxing on
Thy bright-eyed Youth, whether the unseen sun
Was lighting tho deep sea, or si mid-noon
Careering through the sky—by every tnne
And video of joy that thrill'd about the chords
Of thy deep heart when thou didst hear his words
In ihdicool ahady grot, where thou hadst brought
And placed Eudytnion; where fair hands hsd taught
Ail bendy 10 shine forth; where thy fair mnida
Had brought up ahells for thee, and from the glades
All sunny flowers, with precious atours and gems
Of utmost beauty pearly diadems
Of many sea-gods; birds were there that sang
Ever most sweetly; living waters rang
Their changes to ail time, to soothe the soul
Of thy Endym'on; pleasant bree/es stole
With light teet through the cave, that they n
His dewy lips;—Oh, hy those hours of bliss
That thou didst then enjoy, coino to us, fair
And beautiful Diana-take us now
Under thy carol
Commercial Journal*
LATEST DATES.
From Liverpool, Oct. 10—From Havre, Oct.
SAVANNAH IMPORTS, OCT, 84.
Por schr. Eagle,.from Hovaun-40 hhds. Molasses,
CORONER’S REPORT.
A Coroner's Inquest was held on Friday.last
over the body of a seaman named Robert John-
son,|one ofthe late crew of .strip Susan Drew,
from Boston—he was a nuthr JffPortiond,(Me.)
Verdict—“Accidental drowning in the Savannah
River." THOS. EDEN, c. c. c.
PASSENGERS,
Per steam packet Southerner, from Charles
ton—Mrs Cooper, Col Win Davenport, Messrs
Gibbs,T M Shnpter, J Hadley, Alberts, U 8 A,
D H Truman, Cnpt Simson.
Slilppiuy Intelligence. .
PORT OF SAVANNAH,....MV. 25,1840.
ARRIVED.
Ship St Mark, VVeitman, London, 32 days.
Ballast tn A Low & Co.
Schr Fred'k A Tupper, Morgan, Baltimore,
7 days, to Ladd. Tupper & Sistare. Mdze to S
Philbr«k& Co, F Sorrel At Co, A Winn, flag-
horns & Wood, H J Gilbert, E Withington.
Schr Eagle, Wiley, Havana, 8 day*, to Cohen,
Miller Co. Sugar, Molasses aud Coffee to
sundry peruons.
Steamboat John Randolph, Gould, Angnsta,
with bouts 8 & 11 to C F Mills. 3D0 bale* Cot-
tun to sundry person*.
Steam packet Southerner,Wntnbersio,Charles
ton. Maze to E Wiley, G D Cornwell, S Phil-
brick & Co.
Steamboat Chatham, Gould, Augusta, with
boats 17 & 18 to Steamboat Co. 219 bales Cot
ton ond Mdze to 8 D Corbitt, Adams & Bur
roughs, W R Cunningham, (I Harper, F Sheila,
R Raiford, L Bnrrie.
WENT TO SEA.
Ship Monticollo, Lawton, Liverpool.
Schr Walter M. Thompson, St Augustine.
Schr Jos Crowell, Goodwyn, St Augustine.
DEPARTED.
Steam packet Southerner, Wainbersie, Charles
ton. vSSGKsajBkifiE: ■!
Steamboat Gen Clinch, Brooks, Block Creek.
ST. AUGUSTINE,' Mo.. 13,-Ar n-hri Jo-
seph Crowell. Goodwyn, Savannohf Empire
Suuthwick, Charleston; Lunina, Swosey, Wil
mington, NC; Hero, Sawyer, New York.
Slu, schre Isaac 'Jncksoii, Fish,Falmouth, Mas;
Queen, Uultinio^; Stephen Francis, Charles-
l °C1IAIU.F.STON, Nov. 23.—ArBr»hipM«r.
S aret Johnson, White, Belfast 47 ds; brig Globe,
liller, Malaga 46 daya; schr Ajax, Cooper, St
Jago.via Buracoa 8 dnyssU S Mail Packet Hnyim,
Morris, Havana, via Key West snd Indian Key
6 days. 1 >
For mobile. „
The schr AID, Captain Baker, will sail
'o-morrow, nnd can handsomely nccotn*
module six or eight pnssenger*. Apply to
nov 25 LADD, TUPPER & SISTARE.
For..
& Tho fust
bur freight • w
freight of 60 1,1,
passage, apply to
nov 25
«.“b"5Ld.COM.
„ jpWn WIng, Imviug mmtuf
ill, will linvo dc.pmi.il. For
llico or die Imllt diereol, or
L. BALDWIN *. CO.
. -r^rrr
LEAVES TO-MOBROW.
Direct Commiinicn
ror »cur. iingie,.irom navonn—40 niias. mutasies, ton,M outlay,wuuiiobi
114 bag* OoflW,lQ boxes Bugnr, 9 boxeiBweetmects, P, Mcalculating t» l
00,000 Begun and Fruit, iti| inprilinp. nl ouol
NEW-OUIiEANS', NOV. IS—C»IM»-ArHml
aitiuelbe l3tli hist. 13179 baled. Cleared lit th* iiimr