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National Republican
AI«»WTA. OA..
WEDNESDAY MORNING May 13.1 MS
For PRESIDENT
Or xiiK Unitkd States:
ULYSSES S. KRAUT.
6in paper.
W« can. with confidence, and without
bragging, rrcoinntcinl the National Repub
lican as the cheapest and one of the best
p.tj>en> in Georgia. Some |Hs>ple may ob
ject to the name, )>ut it is singular the
name of “Republican" should bo odious in
ii Re]mblican country. We are proud of
our course, for while advocating recon
struction and a compliance with the only
terms by which reconstruction could l<e
effected, we have been moderate in our
course and language; we have not de
scended to personal abuse and scurrility,
and we can truly say that we have not
written one line which we could wish to
have blotted out. The Rr/»tblican, aside
from its polities, which some may object
to, deserves support as a live newspaper—
giving nearly twice as much Vending mat
ter as others give for twice its subscription
price. Our terms are Fivk Doi.i.ars per
annum, in advance.
GEORGIA RAILROAD CONYEN TION
This body assembled at Masonic llall at
12 ni„ yesterday. A Committee on Proxies
was appointed to report at 3 o'clock p. m.
At 3 o’clock p. m. the Committee on 1
Proxies reported that there were repre
sented in person or f>y proxy, 27,306 shares,
being more than sufficient for a quorum.
President King then read his report and
that of the Superintendent. As we pub
lish the report to-day in another column,
we do not think it necessary to give a
synopsis.
A communication was received from a
committee of the Macon and Augusta
Railroad relative to the consolidation of
the stock of their road with that of the
Georgia Railroad. After some discussion
the communication was withdrawn.
W. VT. Clark, Esq., desired to present to
the Convention the fact that the Directory
of the Hoad had not complied with the
resolution passed at the last annual meet
ing, requiring that the net earnings of the
Rome be distributed among the stock
holders.
General B. W. Heard offered a resolu
tion in effect the same as the resolution
of last year. Discussion arose, anil the
whole subject was referred to a committee,
with instructions to report this morning at
10 o’clock.
A Communication was received from a
Land and Emigration Company, which
was also referred til a committee; and the
Convention adjourned to meet this morn
ing at 10 o'clock.
MILITARY ORDER.
The order of Gen. Meade, which we pub
lish to day, sets at rest the report that the
election is to he held again in certain coun
ties. Gen. Meade would never have issued
such an order, declaring and fixing the
majority, had the majority not been settled.
Any farther elections would certainly have
altered it.
gentlemen therefore, who were
so rejoiced at the prospect ol anew
election in this and other counties, may as
well keep their shouting for another time.
This thing of getting glorious over a erupt
vine telegram is very disappointing.
DEMOCHA TIC INCONSISTENCIES.
In nothing is the inconsistency of the
Democratic party more glaring than in
their course relative to reconstruction. They
have been mourning grievously over the
exclusion of the Southern States from the
Union, they have wept hitter tears over the
devastation and ruin caused by the war
and now, when they have an opportunity
to return to the Union and to participate
in its government, we find them as bitterly
opposed to the course that they have pre
tended so much desire to adopt as they
ever were, and with all their horror of
military rule still desire to remain under
it. They have been growling over taxa
tion without representation, yet when they
have a chance to he represented they scorn
fully reject it.
One of their leaders said, in 1800. that
it a blank sheet of paper were presented
to him, and lie were asked to write upon it
the terms upon which the South would
remain in the Union he would write
nothing. The same spirit prevails among
the Democracy, North and South, to thi*
day—the whole of their party organization
is but a gigantic conspiracy to destroy the
.Republic or to rule it perpetually. The
same design to rule or ruin animates them
to-day. and except the Republican party
yield up all they have, retire, from power,
give up to the Democracy all the offices
and patronage, and ignore the war and its
results, nothing will induce them to forego
their treasonable purposes. Their incon
sistencies grow out of their hypocrisy in
not avowing their true principles and
objects, ami from their pretending to love
the free institutions which they hate,
TUH BEST COVE UNMEET.
We frequently hear it said that this was
once the best government <m earth, but
now it is one of the worst. Supposing this
to he true, who made it the worst '< It is
tlie result of the attempt to destroy it.
The men who glibly denounce the govern
ment as it is now, are the very men who
have made it what it is. It docs not come
very gracefully from so-called Democrats
to say that the government hail lieeome
corrupt before the attempt to destroy it
was made; for the party which went by
the name which they now claim, had
possession of the government, with short
intervals, for more than forty years, and if
corruption existed, it was their fault. It
does not lie in their mouths to plead their
own misdoings ns an excuse for their own
attempt to destroy the Republic.
THE IMI'EACUMENT TRIAL.
Thu telegraph informs us that • deoWou
in the impeachment trial has been post-
Jkiiioil m» account of Jhe aickneaa of souw
body. Our readers will •'ear us witness
that we hare always thought and said that
the ceding was iiß|H>litie, injurious to
the country, and, to say tfie least of it, use
less. We have silently acquiesced while it
bus been going on, liccauac we thought
that the “sentinels on the watch-tower”
niay haw discovered danger that we could
not sec. Hut, since we have witnessed the
dilatory proceeding of the Impeachment
Court, and their evident endeavor to con
sume time, we have returned to our first
opinion, tlmt it had latter never have 1 men
undertaken. The whole Senate seems to
have resolved itself into a circumlocution
olliee, continually struggling “how not to
do it."
Hon. A. G. Muekoy, ol South Caro
lina, the most prominent Republican candi
date for United States Senator, whose elec
tion is believed to he beyond peradventuro,
was nil indexible Unionist during the war,
and is ono of the most accomplished gentle
men in the State. Wo shall hail his ad
mission into the Senato with great satis
faction.
We copy the above from the Washington
Chronicle, and take great pleasure in
adding our commendation to what is so
well said of Hon. A. G. Muckey, of South
Carolina. We do so from long years of
intimate knowledge of Mr. M., and shall be
well pleased to learn that his sterling worth
is appreciated so far as to place him in tlio
Senate of the United States. Ilia Union
sentiments are beyond cavil or doubt by alj
who have for a quarter of a century hud the
pleasure of his acquaintance. Amongst the
brethren of the Mystic tie, Bro. A. G.
Mackey’s name is “a household word.”
Another Pi.aoce. —The Atlanta New
Era says that the seventeen year locusts
have appeared in that city and vicinity.
Poor Gate City—destroyed by Sherman,
cursed by the presence of the scalawag
convention, and now threatened with tlio
additional infliction of locusts. Three of
the plagues of Egypt has she thus endured,
let us hope that a merciful Providence may
spare the balance.— Savannah Advertiser.
It strikes us that Atlanta is not the only
place in Georgia afflicted with loir cusses
and the above paragram indicates their
presence at the seaboard. *
North Caroi.ina. —A North Carolina
letter insists that there is not another more
reliable Republican State in tlie Union. It
lias just been carried by about twenty
thousand majority—which in Northern States
of about the samo size, ns Michigan and
Wisconsin, would, it must lie confessed, be
regarded us amply sufficient. The Republi
cans also have two thirds of the Legislature
and six out oi the seven Congressmen. This
is certainly beginning well for the renewed
career of the State. The reports circulated
before the election about divisions in the
Republican party appear to have been
wholly unfounded. Governor Holden is the
most popular man in the State, and has his
only enemies among the unrepentant rebels
—which fact is certainly not to his discredit.
Under the favorable influences attending the
reorganization of the State, there would sectn
to be no doubt of the speedy revival of its
permanent prosperity.
GENERAL ITEMS.
Forty live miles of the Central Pacific
Railroad are now in operation on the eastern
slope of the Sierra Nevada.
There are thirty seven Fenian circles in
Connecticut, and a fell regiment of infantry
enlisted in the army.
The Mississippi Convention is engaged in
revising the Constitution, but is making no
material changes.
Robert K. Withers, of Lynchburg, lias
been nominated by the Virginia Conservative
Convention for Governor.
What mine is more brilliant than a toper’s
nose? Why, volc-aii-no’s, to be sure. Pat
remarks that the chief glow of each comes
from the crater.
Two ladies appeared on Fourth street,
Cincinnati, on Tuesday last, and promenaded
the street five times, dressed each time in a
different outfit of elegant attire.
A terrier dog in Virginia recently scratched
up a deposit of family jewelry and gold,
which his mistress had buried during the
war, and had been unable to find.
Tlie receipts from customs at Boston, New.
York, Philadelphia, and Baltimore, from
April lfitli to die 20lh, inclusive, and New
Orleans, from the 20th to the S.rtli, aggregate
$2,169,292.
Mr. Seward, Secretary of State has sent
to the city of New Orleans, through Mayor
Heath, a quarto volume of nearly a thou
sand pages, with the tale of “Tribute-; of the
Nation to Abraham Lincoln.”
The Irish Laboring Mi n’s Association of
Dublin have nominated George Francis
Train for President of the United States.
Are they all coming over to vote lor him in
November ?
Corner loungers in Chicago are fined s2o
for the first offense, s.>o for the second,
and SIOO for the third, and for further
violations of the ordinance, any sum in the
discretion of" the magistrate.
Housekeeping has been introduced as a
regular branch of instruction in German
schools, and young ladies arc required to
write essays upon whatever pertains to
economy of the culinary art.
Otic firm in Brattleboro, Vt., employs
one hundred and twenty live hands, and
manufactures two thousand four hundred
cottage organs a year, worth, at wholesale,
$300,000. Ihe business bus been established
twenty two years,
A correspondent, of a Western paper says
that one of the wealthiest men of Boston,
becoming involved not long since, made
over his property to his eldest son. in order
to save it. lie passed through the crisis,
however, without failure or prosecution. Imt
when lie came to demand the property back,
the son refused to r< store it. The latter
now holds the estate and lives in luxury,
while the father has died of a broken heart.
Louisiana has adopted her Constitution by
17,803 majority, chosen 11. C. Wnnnonth
Governor,by a still greater majority, with the
entire Republican State ticket, elected three
Republican representatives to Congress out
of four, with 22 Republicans to 14 Demo
erats in the Senate, and (JO Republicans to
•II Democrats in the House. The bolting
Republican ticket received very few votes.
I In? State will, of course, be soon retire*
sauted by two Republicans in the United
States Senate,
... I l'®.l r "iCM* bonise, the last of Queen
\ ictorm s daughters who remain single,
nxeept tlie little Princess Rentrico, who is
<”d.y ? 1<j y ,u old, is reported to ho
betrothed to Fredono. Prince Royal of
Denmark, and brother of Alexandrite, wif.
of the I rmec of Wales. The prospective
bridegroom is about twenty five, having
been born on the .'ld of June, 1843. The
lady is five years his junior, having com
pleted her twentieth year on the 18ih ~f
March last.
GEORGIA RAILROAD.
Annual Reports
or
President KING and Snp’t COLE
PRESIDENT'S REPORT.
Oma Gi.uKc.ia Raii.uoau & Bx’t. Cos. 1
Augusta, May 12th, 1808. }
7b the Stockholder* oj' the Georgia Ruitroad
Com jinny :
The details of business, and tho profits ol
Bond operations for the last year, will appear
in the report ol the Superintendent, and the
condition of tho Company at the end ol our
financial year will appear in the statement
of the Treasurer.
It appears by these exhibits, that the
gross profits from road operations, as con
pared with the previous year, bava fallen off
$133,418.29, whilst the net profits have only
fallen off $21,179.31. This result has been
produced by close economy, and a reduction
of expenses, wherever a reduction could be
safely and judiciously made. It is worthy
ol remark, that this decrease in gross profits,
has been almost exclusively in local travel
lor which there is little or no competition—
and clearly indicates the impoverished con*
dition ol the country immediately tributary
to our Road.
It will be perceived that the freight and
through hard, for which there is moat com
petition, have been well maintained. This
sudden loss of local travel is the more tbit in
our income, as it reduces nearly, or quite to
that extent, the net income of the Company,
(or reasons explained by the Superintendent.
The account, upon the whole, however, is by
no means discouraging, ns, with that excep
tion, the receipts come up to an average of
former years; and, deducting ordinary
expenses, the net profits are fully sufficient to
pay full dividends to the Stockholders.
The Company no longer makes any profit
from banking ; but for the purposes of liqui
dation, the organization is still partially kept
up, and the income of the Company, from
all sources, may be stated thus :
Gross Receipts from Hoad I 003,723.66
Interest, Dividends on Stocks,
Runts, etc 85,429.00
1,089,152.06
Charged with Ordinary Ex
penses of Road 511, Sot. 2S
Imerest on Ronds—Back
Salaries, Incidentals, etc.. 37,930.73
Net Income, deducting Ordinary
Expenses $539,381.05
It will he perceived that our income is
still heavily charged with exfra expenditures,
for restoration ol property, and to repair
losses and damages occasioned by the war.
For tlies • purposes th>- extra payments in
the last year have been $307,078.21, as
stated by the Superintendent. Tills amount
deducted from the net income from nil
sources—say $530,381 05—leaves balance
ol income applicable to dividends, $232,-
303.11. Two dividends have been declared
—one of $3.00 and the other of $3.59 per
share, amounting in the aggregate to
$270,140, exclusive of governmental
tax. The tax on the last dividend,
amounting lo $6,738.37, was paid by the
Company, and added to the dividend,
making a charge on income of $276,878.37,
which left a deficiency of current income to
pay the dividend declared, of $45,574.93.
To meet this deficiency, and the redemp
tion of $55,019.36 of bank circulation,
the reserve fund has been drawn upon,
which has been ample for this pur
pose. This reserved fund stands on
the hooks, at the close of the fiscal year, at
$989,071.90. This, the Stockholders are
aware, is a nominal surplus of net profits,
over anil above all the responsibilities of
the Company. These liabilities, and the
assets lo meet them (on the value of which
assets ibis surplus depends), may be s-eu
by reference to the statement of the Treasu
rer, annexed to this report. Some are
unavailable, others much depreciated, and
others, perhaps, entirely worthless. Suffice
it to say. that these assets yielded a gross
income the last year of $*5,429 - an amount
much over the interest on our funded debt.
This income cannot be fully relied on for
the liiiure, but no doubt is entertained that
il will continue sufficiently largo to pay the
filtered on the existing debt, or any increase
of it likely to he made. It will be seen, by
reference to the balance sheets of the last
uu4 preeding years, that the bonded debt
has only been increased $3,500, whilst the
floating debt, in the form ot circulation and
deposits, has been diminished $56,234.36,
thereby reducing the liabilities of the Com
pany $52,734.36. The circulation is now
reduced to $129,176.12. It conies in very
slowly, and it is not likely that much more
of it will ever be presented.
J Inis it will be seen that the flouting debt,
amounting to more than $1,000,000 at the
close of the war, has been nearly extin
guished, and the bonded debt is amply
provided for by t lie available assets of the
Company, leaving the capital unimpaired,
nnd, as ihe Directors believe, a handsome
-urplus applicable 'o other purposes. Tbe
work most pressing lo supply the waste and
destruction by the war, has also been com
pleted. Much has been done, hut much
remains to be done, to restore the property
of the Company to its condition before the
war. J lie heaviest demand upon the
finances of the Company will be for new
iron ; hut il ilie income should not mate
rially fall off, from even the reduced receipts
of the last, year, this expenditure will lie
under easy control, with reasonable divi
dends to the Stockholders. Alter much
delay and many disappointments, strong
hopes are now entertained that the rolling
mill at Atlanta will soon be placed upon a
reliable footing. Il so, the cost of new
iron will lie limited to tho cosl of re-rolling,
with the advantage of uniform pattern and
a superior article. About $60,000 per
annum is probably a fair estimate for new
or re-rolled iron for some years to come.
In previous reports, the Directors have
stated their reasons for the belief that the
only reliable resource for profits is the local
business, or Uie business of the country
naturally tributary to the Real.
This, as a general truth, becomes moro
obvious as railroads multiply and competi
tion increases. Previous to (lie institution
of railroads, the limits of commerce, as
well as the leading channels of communica
tion with them, were generally established
by nature. They are now established, or
mainly controlled, by money, and the labor
and enterprise of man. No distant or
through business can be safely relied on.
By new lines, it is constantly liable to he
diverted, or rates run down by compe
tition below the paying point. Judging
by the past, our local business should
not only pay, hut pay well. But in
tlio present unhappy state of the couii—
try, the Directors can only indulge hopes
for the future rather than express any re ia
ble opinion. Oppressed with heavy taxes,
and with no constitutional guarantees, tho
little capital in the country is not employed
for its development, mid all industrial enter
prise is nearly paralysed. It must be con
fessed that, under our present political status,
and the changed relations of the voting pop
ulation, a majority of our white citizens are
distrustful, discouraged, and many of them
despondent. Wc call scarcely indulge tho
hope of complete restoration to former pros
perity ; but some improvement upon tho
present may bo reasonably hoped for. Wo
can only say that, with a restoration of
h'cdural relations, amt constitutional guar
antees tu /he inilii'i/lual citizen (which all
hope, and many believe, are near at hand),
the condition of the South must soou
change for the better, and its resources
rapidly improve. There can be no’enter
prise at home, or capital expected from
abroad, until the fruits of industry arc se
cured to the owner. Give this security, and
a more tempting field for the employment’of
capital was never opened to any people than
will bo presented at the South. There are
many indications that this opinion is not
confined to the Soul]', but is very prevalent
abroad. Let us, tnen, hope for tho best,
with tbe consoling reflection that things can
scarcely be worse, whilst there are many
chances of improvement.
The last yeur was a most disastrous year
to tho cotton planter. Impoverished by the
war, moat of them juadu their crops by tbe
aid of advances, and were forced to sell
early, and at low and ruinous prices. Tho
proceeds fell short of the cost of production.
They hail no surplus, and hence the heavy
decline in our local travel. Amidst all these
discouragements, however, the Directors find
some encouragement in the fact that tho
quantity of cotton transported the last year
was about ilouble that of the year preceding,
being 112,708 bales, against 55,714 bales for
the year ending Ist April, 1867.
Since our last Convention, the attractions
of our Southern markets nnd ports have
been visibly improving. Tbe markets have
been rapidly equalizing, and more sales of
cotton are made, and more m. rehaiidise
purchased than at any lime previous, since
the war Nothing but capital and shipping
are needed lo restore their former advantages
-and bring back trade into its natural chan
nels. What we need most tire the necessary
facilities to give cotton intituled for foreign
consumption the same quoted value that it
has in Northern ports, or as nearly so as
practicable. The shipment of cotton from
tho South to Northern ports, and intended
for Northern consumption, is a legitimate
business; but shipments through Northern
ports, intended for Eurojtcan consumption,
would seem to be unnatural and wasteful.
This anomaly is only sustained by the differ
ence of freights between the Northern and
Southern and Foreign ports. This differ
ence ia freight is accounted for by the ad
vantages of cargoes both ways, between
Northern and European ports. Could we
have good lines of steamers between our
South Atlantic ports and Europe, and direct
and unbroken extensions of our railroad
improvements to the Mississippi,at Memphis
and V’icksburg, our Southern ports would
have advantages, as exporting and importing
cities, which they have never heretofore
enjoyed. These enterprises have been much
discussed, and arc now being agitated to
some extent. Let ns hope that they may be
considered sufficiently profitable, in the esti
mation of capitalists, to insure their comple
tion at no distant day.
Trains are reported to have run the last
year with almost entire exemption from any
unusual or serious accidout of any kind;
and so far as known to the Board, the officers
and employees of the Road have generally
performed their duty with commendable zeal
and fidelity.
Ail of which is respectfully submitted, in
behalf of the Directors, by
John P. Kino, President.
SUPERINTENDENT'S REPORT.
OFFICE GEN’L SUPERINTENDENT,)
Georgia Railroad &, Bk’ng Cos.,
Augusta, April 30th, 1868. J
To Hon. John I‘. King, President, etc., Geor
gia Railroad <f- BlTng Cos.:
Slit—l have the honor to submit the fol
lowing statements and tables, showing the
business done on your Road, during the last
fiscal year, ending on the Ist inst., and the
condition of your property at that date :
RECEIPTS.
From Passengers $288,305.28
From Freight 694.321.3S
From Mail 21,037.00
$1,003,723.66
OPERATING expenses.
Conducting Xrnnsp’tion..s 129,228.87
Motive Power 203,841.44
Maintenance of Way 132,509.69
Maintenance of Pars 46,254.28
N.t Earnings $491,889.38
Operating expenses, about 51 per cent of
gross earnings. Net earnings about 49 p t
cent., or about 11 per cent, on tho capital
slock and boiled debt of the Company.
The following statement will show, in de
tail, tho operating expense.-: from Ist April,
1867, to Ist April, 1868 :
CONDUCTING TRANSPORT.! TION
Wages of Conductors,
T'uiu (lands .1 l abor,
Freight $42,907.97
Wages of Conductors,Train
Hands A Labor, Pas
sengers 21,453 98
Wages of Agents A Clerks,
including Line Road.. 40,598.72
1.6*8 and Damage 4,985.1S
Stock Killed 5.914.25
Stationery and Printing... 3,802.28
Repairs of Depot?..... 3,566.49—129,228.87
MOTIVE POWER.
Wages of Engineers and
Firemen 75,801.90
Expense* of Water Sta
tions 16,717.16
Wood for Engines 38,768.30
Ordinary Repairs ot En
gines 67,452.53
Oil arid Tallow for Engines,
etc 15,071.20—303,841.44
•MAINTENANCE OP WAY.
Men's Wages, Provisions,
etc 77,540.78
Railing and Cross Ties 21,107.95
Railroad Iron,Spikes,Cast
i gs and Tools 32,998 53
Repairs of I 'ridges 862.13 132,509.69
Maintsnam i; ok Caiis 46,251.28
$51!,834.28
Tho following payments have been made,
on account cf new rolling stock, bridges,
buildings, truck, etc., in the restoration of
your property, damages growing out of the late
war, ami Government tax :
Renewing Locomotives (not ordi
nary repairs) 59,911 SI
New Curs, and re building Cara (uot
ordinary repairs) 74,(168.61
Now Round I‘onsc at Atlanta 37,054.48
New Tools for Machino'Shops 17,471.48
New Engines for Water Stations 3,450.00
Now Railroad Iron, Chairs, and
Spikes, over and abovo that for
ordinary repairs 60,000.00
Timber, over and abovo that for
ordinary repairs 12,000.00
bailor and Incidentals— laying now
Track 9,610.00
Kxpcnso of extra flit king 7,060.00
New bridges balance 8,750.22
(tovernment Tax 10,486.15
lV inoul on Damages caused during
War 16,552.00
*307,078.21
From tho above you will perceive that
the gross receipts have fallen oil $K>2,-
418.21), us compared with previous year, all
of which, and more, is from the passenger
business, while the income from freight Ima
more than equalled that of last year. The
receipts may ho compared as lollows:
Falling off in Passenger Businas* $140,650.01
Mall service performed in 1865, but
not allowed until 1866 10,044.01
*150,704.25
Increase iu Freight busi
ness $17,812.07
Increase in Receipts from
Mail 473.80
$ 132,418.29
The whole falling off of receipts being in
tho Passenger Department was felt the
more seriously, as it was a reduction of net
earnings to that extent, as we run the usual
number ol passenger trains at current ex
penses, and could Imvo done twice the
business, had it offered, without perceptibly
increasing the expenses of that department.
This decrease in travel coo only be ac
counted for, in the main, by the absence ol
general prosperity in tho country ; as, of the
amount, $137,868.79 was from lb# local
business, and only $2,790.85 from through
travel.
You may expect an increase of receipts
from this department with returning pros
perity, which all true men so earnestly de
sire. Ihe arrangements lately effected,
connecting all railroads in Augusta, by
which a common passenger house is to be
used, and the so much complained of trans
fer by omnibus avoided, cannot fail to be
highly appreciated by travellers, and mast
result favorably to our route.
While the gross receipts Lave been re
duced, ns stated above, the net receipts
have been reduced but $21,179.31 ; in other
words, the operating expenses in 186 G and
1867 amounted to $623,073.26
Against $511,834.28 in 1867
and 1868 511 834.28
Saving iu operating expenses $111,238.98
This has been accomplished by the most
rigid economy possible in all of the depart
ments—for you will observe that the de
crease in receipts, being alone from travel,
did not of itself furnish tbe means for a
corresponding reduction of expenses. The
usuul number of passenger trains had to be
run; and to maintain, and, if possible,
increase the freight business, very low rates
from competing points bad to be made, the
tonnage moved much more, a greater num
ber ol trains run, and over seventy thousand
miles more of service performed by the
locomotives than was done the preceding
year, with a saving of one hundred and
eleven thousand two hundred and thirty
eight dollars and ninety eight cents
($111,238.98) in operating expenses. We
were greatly disappointed in receipts from
tho carrying of the last wheat crop, from
which we expected considerable revenue —
from the reported surplus in the country—
which, however, was greatly exaggerated,
and from some cause (most probably the
low price in Northern cities, and scarcity of
other grain in the country) but little was
moved. The freight business is being fully
maintained, and promises better tor the
next year—several avenues and connec
tions being lately opened up to your Road,
among which 1 may mention the through
tariffs lately arranged from New "York,
Philadelphia, and Baltimore, to Atlanta,
and points beyond, by the seaboard lines,
via Portsmouth and Wilmington, and com
pletion of Macon & Augusta Railroad to
Milledgeville. From the latter, however,
you cannot count on much through business
unless it is completed to Macon. Shipping
facilities from Charleston have been inatej
ritdly increased during the past year.
During the past year wo have laid down
12g miles of new irou on the main line, and
2| mile3 on tho Athens branch—making in
all 35 miles of new iron laid down since th#
close of the war. It is unnecessary for me
to refer to tbe worn-out condition (both as to
iron and timber) of the track at the close of
the war. Its condition must have been fa
miliar to every stockholder—at least, all who
lived along the line of road. Its superstruc
ture, to a great extent, bus been renewed,
and at least made safe; and our trains,
during the past year have run with commend
able safety nnd regularity, entirely exempt
from that class of accidents which, when
they do happen, are usually most disastrous
to persons anil property, to wit: “collisions.”
The track, while sate, is yet rough in many
places, from the worn condition of old iron
still in the track, which will be replaced with
new irou as rapidly as can he done with due
regard to necessary economy. If arrange
inents for re rolling iron at Atlanta are
promptly met, it will, to some extent, reduce
the cost of renewing track in future. We
have also arranged with an expert for the
repairing of rails (which has given eminent
satisfaction on other roads where tried) and
hope soon to have the work.under way on
your road, which I doubt not will prove to be
economy in the maintenance of track.
BRIDGES AND DEPOTS.
The bridges on main line are all iu first
class condition, as are the depots, except at
some unimportant points, where we are still
using temporary houses. During the past
year we have built a very substantial aud
useful round house at Atlanta, at u cost of
about $ 10,000, which will answer all do
mauds, from both the Georgia Railroad and
the Atlanta and West i’oint Railroad, in
which your road lias so large an interest.
A larger and more convenient freight
house is needed in Atlanta. Sonn- of the
trestle bridges on the branches will require
extraordinary repairs during the next year.
LOCOMOTIVES.
This department has met, with promptness,
all demands made upon it during the past
year, and ihe engines have been greatly im
proved. Much heavy work has been done iu
the Company’s shops. The following en
gines have been put in first-class order since
last report, requiring in most instances al
most entire rebuilding, to wit: "A. l’oullain,”
“John Bones,” “James M. Spurlock.” “E. R.
Ware,” “California,” “Southerner,” “V. K.
Stevenson,” “M. P. Stovall,” and “Samuel
Burnett,” lor the detailed cost ol which 1 re
quest to refer you to tabular statement,
marked “Locomotives.” Also, the “D’An
tignac” and “Buchanan” will lie out in two
or three weeks, thoroughly repaired, besides
the heavy ordinary repairs to other engines.
Two freight locomotives have been ordered
from the “Rogers Locomotive and Machine
Works, ’ upon the most favorable terms, to
bo delivered iu August, which are the first
engines ordered by the Company in the last
eight years.
As contemplated in last report, this de
partment has been able to meet promptly all
demands upon it, and aid materially our
connections in giving dispatch to through
business. Quite a number of (he old cars on
hand at the close of the war have been re
built during the past year, taking their old
numbers; beside which there have been
turned out at Company’s shops during the
year S3 box cars, 1 tirst class passenger car,
- baggage ears, ami 3 second class passen
ger cars rebuilt; and we now report the
stock in that department as follows :
Passenger Cars 23
baggage Cars it)
Box Oars 269
Cab Cars.....' 14
Stock Cars. 37
Platform Cars 105
Coal Cars "" jj
Shanty Cars '
With the improved condition of road and
rolling stock, the future payments on ac
count of restoring property can be materially
reduced. 1
Attached are the usual detailed stuleuieuts
of earnings and expenses, to which I request
to rclcr.
To aid in arriving at a proper estimate of
tho value of your property, it may not he
out of place to refer to the fact that, since
tlie close of the war, only (so far as business
is concerned) about two ami one half years,
beside the dividends paid to stockholders,
and the redemption of about seven hundred
thousand dollars of the circulation of the
Bank, there has been paid !?t>5<i,17.'1.18 on
account of reconstruction, or restoration of
property and tuxes —all out of the net earn
ings of tho ltoml.
1 take pleasure in reporting the uniform
good conduct and promptness of oflicers,
agents, and employees.
Respectfully submitted, by
Your obedient servant,
16. W. Oot.K, Qen’l Bup’t.
Two hundred and eighty three municipal
oflicers have been appointed by (leu. Scho
field since January Ist.
THURIBLE VOLCANIC ERUPTION.
. 8a» FBAxcmco, May B.—The bark Comet,
from the Sandwich Island.*, brings account#
of a terrible volcanic eruption. Miiuna-
Loa began demonstrations March 27. On
the 28th over one hundred earthquake
shocks were felt. During the two weeks
following, to April 13, two thousand canli
quake shocks occurred at Wuscbina. The
earth opened in many places.
A tidal wave sixty feet high rolled over
the tops of tho coeoa-trecs a quarter of a
mile inland, sweeping human beings, house?
and everything movable before it. A terri
ble shock prostrated churches and houses,
killing many. In all, on? hundred lives
were lost, besides one thousand horses and
cattle.
The craters vomited fire, rocks and lava.
A river of red hot lava, live or six miles
long, flowed to ihe sea, at the rale of too
miles an hour, destroying everything before
it, nnd forming an island in tho sea.
Anew crater, two miles wide, has opened,
and throws rocks and streams of fire a thou
sand feet high. Streams of lava rolled to
tho sea. At one time the illumination ex
tended filly miles at night The lava has
pushed out from shore ouoniileat Wuyscina.
Three miles from sbor£ a conical island rose
suddenly, emitting a column of steam and
smoke while the Ivono packet was passing,
splattering mud on the vessel.
The greatest shock occurred April 2d.
Piior to the eruption, there was a great
shower of ashes and pumice.
During the great shock, the swaying
motion of the earth was dreadful. No per
son could stand. In the midst of this tre
mendous shock, an eruption of red earth
poured down the mountain, rushing across
the plain three mile? in three minutes, and
then ceased. Then came the great tidal
wave, arid then the streams of lava. The
villages on the sln-re were ail destroyed hy
this wave. The earth opened under the sea
and reddened the water. Tho earth eruption
swallowed up thirty persons, and the sea
many' more.
Great suffering and terror prevailed in the
whole region affected.
The sloop Live Yankee had been dis
patched with provisions, etc , to tho rescue
and relief of the people.
San Francisco, May 7. —The Honolulu
correspondent of the Bulletin gives details
of the volcanic disturbances, showing that
the earthquake shocks extended to all the
islands ot the Hiwaituu group, but no dam
age is known, except around Mauua Loa.
Numerous extensive land slides accompa
nied the other phenomena, destroying life
nnd property. The summit and side of a
bill, fifteen hundred feet high, w s thrown a
thousand feet over the tops of trees and
landed iu the valley below. The gases that
issued afterward destroyed vegetable and
animal life- Bottomless fissures opened in
the mountain sides. One lava stream flows
under ground, breaking out in four jets, six
miles from the sea, and throwing lava and
stones ten or fifteen hundred feet high. The
new island thrown up is four hundred feet
high, and is joined to the mainland by a
stream of lava one mile wide.
A large stream <4 water lias burst from
the mountains where the earth eruption
occurred. From the base of the volcano, a
space about three hundred miles in circum
ference, is desolated. At least half a million
dollars of property has been destroyed.
The King o! the Sandwich Islands bis
issued a proclamation for the relief of the
sufferers. Many visitors had gone from
Honolulu and will go from San Francisco.
The worst is thought to be over, but the lava
flow continues a grand spectacle.
An earthquake shock at Ileraldsburg,
last night, invoke all the inhabitants. Several
shocks were felt in California, about the
period of the outbreak in the Sandwich
Islands.
On Wednesday evening last, as the train
from Washington was approaching Balti
more, a large stone was thrown through a
window in one of tho cars, and struck with
groat force the wife of Rev. J. L. M. Curry,
of Alabama, formerly a Representative
from that State in the United States and
Confederate States House of Representa
tives. The lady’s skull was fractured, but
it is now thought she will recover. Rev.
Mr. Curry was on bis way to attend the
Baplist Missionary Convention, in session
in Baltimore, and was announced to deliver
the convention sermon.
One nf the series of State Conventions of
Fenians, which arc now being held in the
principal States, convened in Hartford,
Conn., Thursday. About fifty delegates
were present, nnd the utmost unanimity
and enthusiasm prevailed. Gen. O’Neil
laid before the convention tho present state
of the organization, and his plan for the
future, which met with the approval of all ;
and the delegates thereupon pledged an
amount proving that Connecticut -s in ear
nest, and will not be behind her sister
States.
SPECIAL NOTICES
MACON ,i AUGUSTA R. R. CO., )
May 13, 1868. [
THERE WILL RE A MELTING
of the Board of Directors of this Company at
the office of the (leorgiu Railroad and Banking
Company, at 10 o’clock, THIS MORNING.
The general meeting of the Stockholders will
ho held at tbaCity Hall at 11 o'clock.
J. A. S. MILLIGAN,
my 13—It Secretary and Treasurer.
ESP CONSI JNFES PER < EN’TRAL
RAILROAD, MAY 11, 18(48.-0 B D A
Cos., D il Denning, W it TANARUS, Mullarkey
Bros., 0 Spaeth, Barren t’ A Cos., Z McCord, U
McKnight, A Bloakley, W J McCuiler, (1 Iv .f-
Bro., Beall A 11, J G 1! ,f; Bro., C R D & Cos , M
Crocker, Conley Pit Cos., J C Moore A Cos., J
Hertz A Cos., E 11 Roger?, F 11 Miller, J llaeuel
li Volgcr A Cos., R F Urqnhart, V F Russell A
Cos., J A Gray A Cos., T Richards A Son, J M C
A Cos., [\Y], A Meyer, C F Taylor, G A Oates, J
J Cohen A Cos., [D], A Ruder, Claghorn A Co.>
W C Jessup A Cos , Wyman A M, T J Mitchell.
THE NINTH REGULAR MONTH
LY Meeting of the Reliance I.oau and Building
Association will he held at tho Cily llall, on
THURSDAY NEXT, lltli instant, at 7) o'clock
p. m.
Members can pay thoir iustaluienis to tho
Treasurer, S. 11. Shepard, until 5 o’clock p. m
os the same day. W. 11. EDWARDS,
my 10—SAT Secretary.
• -"T - ... I JKS, —-
Til 15 HONORARY MEMBERS OF
tho “Young Men's Amateur Musical Club” are
requested tn call at Messrs. I‘luuib <t- Leitner's,
and procure their tickets to tho Concert on
Tuesday night, 12th inst.
J. THOMSON QUARLES,
myt) 3l Secretary.
BfciF“ AUGUSTA, Ua., May Ttu, 1868.
Oil and after May 2llth, all DOGS found running
at largo without the proper badge, will bo shot
Collars for sale at the Roil oo Office.
W. C. DILLON,
my ß- lOt Chiofof l’olieo.
MACON ,f A lit} US f A R. R. COMPANY, I
Aciuisia, liso., M«y y, 1868. J
THE ANNUAL MEETING OF
the Stockholders of this Company will he held in
this city on WEDNESDAY, tho 13th instant.
4. A. S. MILLIGAN,
my 3— td Secretary and Treasurer.
NEW
BY W. B. GBlpyjj
Valuable Sale of
TMITB DAY, WILL BB it) T***
J. usual hours of sale • AT **
2«l DHLS. WHISKEY—*-
IS ■*s“ <uiflSr**:
•» ■ PTnntTf'
Al! in perfect order, and
The usual sole ot Dry Go ( T Wt
ned. 7 will hj
Notice
he that they shall coniinuctLir UofiS*
at their ol,island, on th, g W*
Campbell and Ellis street-, whenTi *"•#*
nse® - -i
- Wilson
Assignee s Sale^
G. IV. ADAIR An-»,
By virtue us a dfck?^,*?-
UUPTCY in U„ ; » Daj,
Bankrupt, we will sell, at tl',J Ld?"?
and Alabama atreel?. m I *25
o’clock in the afternoon,
day of June next, all the R, a | «s*
said Bankrupt, viz: ’“t*Wo«gi»;
The lot on which the t„ IF t
lanta uerected, fronting Ih j', ,
and running back CO feet on AUbL» toa4
improvements compii?i,„, the e-
Bell-Johnson BuilJiug ; and “*^s
3 lover, in G’amden tjuotT c* I **
KXW) acres each. All sold freefr°m';^gd
AWuKKSIsaSa.
them worth from SI9OO to S3OO
very One, three Billiard TaC ;
T able ; one Iron Safe; lot of it... iP %5i
eral good Stoves; Gas Fixt ure jS"?»,*t
the Chairs Benches, Scene* 'T?***
the Bell Johnson Opera H i?
c,e » “ f Furniture, and other propeST!!!?. *
numltpr of notes and accounts J
All told U3the property of «ii,l n. e
the benefit of hi? creditors, ’ Bankrnpt,
■J; T-OLENJ.
nty 13-law3w ' '
I-N UIF. DISTRICT WiTS
GeoVgiT' St “ tCß tor U,e I>4£
Jtt the matter of
different Vy™ m°[ho
newspaper printed at Augusta, GeoSTS!
second general meeting of t!:e creditor. Zl
Bankrupts will take place before
drews, Register m Bankruptcy,
Honae iu Monroe, Walton county. Georri, ??
o clock, A. M.„ the 9th day of June, lSgfrfri
purposes named in the 27th section ofS. a!
runt Act, ot March 2, 18ii7
May 12,186.8. ITIAULEB D. Divk
iny 13—Jt ,7*l
JN THE DISTRICT COUrTST®
-1- nite,l btates for the Northern Dinfo!
tjcor^ia,
In the matter of
KUWEX^kr«pV LI - STnX ’f ,nßs^
lo whom it may concern: The mnkraJ
hereby gives notice of hi? appointee*?j!
siguec of the estate „f Eugene N. Allis!’,
Morgan county, Stale of Georgia, xZ
District, who has been adjudge,l a Baaknam,
Distru l,l h - v illc Di-tr.ct Com of#
Dated at Madison Ga.. May- 12. 1868
... , , T B- S'. BBOBSTOH,
_my Li—lncJu- Amg*
I N the DISTRICT CD ha OF THIS UXflj
A States for the Southern District of G«nk
lit the matter of j
Dim,lF TISULEU. f-In BaukraPter
Bankrupt. J
Notice is hereby-given that a second ceD#
meeting ot the creditors of said Bankraptsilli
held at Savannah, in the said District, on tfcr
day of Juue, A. I). 1868, at 9 o'clock. A. Hr
the office of Col. F. S. Ilcsseltine, Keeisar
Bankruptcy ill the said Di-trict, for the “pi™
named iu the 29th section of tbe Bankrupt#
approved March ‘2. 1868.
E C. RICUARDSOJ,
mv D—biw -'v Assisi*.
U. 8. INTERNAL REVENUE, T
Coi.nector's Office, 3n District Gi.
Augusta, May 12,1555.
iST otice
IS JIKKKBY GIVEN THAT THE AXStfii
A- Liot of ISfiS, embracing tax on in cob* I
31st December, I*S<s7, and special tax on bmiß
occupations, gold watches, silver plate and or
riagC', for the year ending May 1, 1869, is
due and payable at this office, iu or beforefe
Ist day ofaJunc, IS6S. Failure to pay riih
the time specified will incur additional costisi
penalties. 4
WILLIAM B. BARD,
my 12- 7: Col. Int. Lev. 3d DisUGi
For Sale.
\ IIOUBE, SOUND AND KISD. sW
A for no fault, tho owner being about te its
the city. Also, a second-hand TOP-BCB®
Terms very moderate. Apply to
MOOUE i CO,
my 12—31* 235 Broad StMt^
Notice.
A PETITION HAS BEEN FILED Tt» IE
May Term, ISnS, of the Court of Oriissj
of lliehtaund county, for leave to .‘•ell the Realfr
tatc of Sarah May, deceased. At the
Term, 1868, application will be made forthf p
sage of tho Order required bv Hvr.
UICiIAKD W. MALES.
inyS cow2ui Adurr of Sarah
IS* otice.
OWNERS AND OCCUPANTS 0? CjWj
are hereby notified to have the sjihiW*
and whitewashed at once. _
SAMUEL LEVY,
iuy7—lot Chairman Hoalth Coaiitj*
I Ns i: i; aN Cl
Fire, Marine, inland
AND
JEtua Insurance Company.
Phenix Insurance company,
Manhattan Insurance Company,
Sat U
Howard Insurance
Standard Insurance
Commerce Insurance Company,
Xct I*
Lamar Insurance Company,
Fireman’s Insurance Company
Astor Insurance Company,
Commercial lusurance Company
iVi? “
Mevcautile Insurance Company,
Net
Phoenix Insurance Company, j
The above arc all FIK.'-T 1! -
PAN IKS with ample means to moot taut
tics.
All looses promptly and
Augusta, April 7 th, lst»S
ap7-.'»m
J. J. BROWNE, H
0 \ It V t; U A N t> gild kR-
Looking Glass and Picture Fi**
CORNICES, «|
4 O \ S 4> JE K T V Bl** Hf
M VUE TO ORDER. HR
Old I'HM't' RE ami Lo ; ! !il^Ljj|M|
FRAMES RKiULT, andOlLlAl-J 1 ' flH|
STORED, LINED and YARN<H|
.4 7135 tiltOM) S7AAAL |H|
Aveusva, Oa. HH
uiylO-lwtf