Below is the OCR text representation for this newspapers page.

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 After some discussion the communication was withdrawn.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