Newspaper Page Text
§«Us $>
■B*tk Wilklr
Our next •weekly will be dfM psged. It
■will lie accond to no p»p« in the Booth.
Make up dub*.
ChoUrm at Bi «»»»*»■■
We have been infer!ted by* gentlemen
nhohu md the letter! that Dr. Henry L.
WileonreceiTed from a lady in Birmingham
a pUeoosredtsl of the i oenea and lufferiug*
contcqaent upon the p lenience of cholera
in that town. Her tccoont of her own ltd
experience* and deetllntion appeal* to the
generous and Chiirtta hearted people of oar
city. Report! indicate the abatement of the
fell scourge, sad we hope that the little city
of almott Atlanta enterprise and rapidity of
growth may aoQn ha trie from it
Canpliaaeaia T tiitlaatt
We take pleaanre in directing attention to
Ton Atlantx Conrrrruiron, a journal that
undoubtedly raaka n ith the ahieat in the
South. PaUfahed in Lhe moat enterprising
city in the South, Tl K O—>— i*
fair exponent of Atlanta aa a great trade
centre, and the Capital of the Empire State
of the South. The Coniine non ia moat
ably edited, and 1* a ire newipaper, whoae
column! are alwaya filled with the latent
newa by telegraph, a id mail from all quar
ter!. Thoee who with to auhecribe for
great newpaper are recommended to the
Atlahta CoaanuTK n^Selma Timet.
Ceuan-S*. M.
The receipt! this week an 14,000 balet, 12,-
000 mom than lait week, and 4,000 more
thentwo yeen dace.
It ia likely the receipt! for next week will
be about 12,000 hale*, compared with 2,300
leat year and 11,000 the year before; and the
receipt* at the interior towns 2,000 bales,
compared with 700 lilt yetr and 2,500 the
year before.
The thermometer his svtraged S3 degree*
at noon; Jure d*ys dear and hot, and two
daya cloody aad warm, wkh a thunder storm
on yestesday, which lasted aa hour, when
the rain fall was 3-4 of an inch.
Tnis week, list year, the thermometer was
85 degress at noon; cloudy and showery six
dayi with heary mini four diyr.
Next week, last year, the thermometer was
leegreeaatnoon; dear and hot fire days,
end ir aad ahowei T two dan.
The public dispatches ia relation to the cot
ton crops, for next week, last year, were
* anlhentic reports from all Kiaautippi say
worms are all orer the Bute, also great dam
age done by heary rains.”
Calmsl Craat'a Uttar Staat <
Crane la Wei ana aallriaS.
Erery family and erery hamlet should
hare the Wbzelt CoBrmmox. Make op
duha^.Seepcoapectnadeewhera. Only $15
for 10 autneribeo, and a
of theclnb. "
The lengthy but u oat interesting letter of
Colonel L. P. Grant,' ’rraident of the Georgia
Western Railroad, in regard to that line, will
be found in this Issue of Thx CoxanTtmojf,
sod wrd repsy caret 11 perusal.
Perhaps few men arc more careful and de
liberate than Colonel Grant His exhaustive
and instructive lett :r will therefore be re
garded aaarery aut lOiUaUreaud important
utterance. He .core ra the whole ground.
The letter is In n aponae to n call of the
directors for the res ilia of a trip taken over
the road in eomptt y with Major Wallace,
the previous Preside it
The discussion . f the prospects of the
road laeapedallyfu 1 and able.
The truth la that tills letter ia Juatwhatour
tcople hare needed • act before them the real
fact* from An undoubted and reliable source
regard to the benefits of IhU great enter-
irhc. And wc tru >1 that it will hare the ef
fect to demolish all opposition of erery kind
co the road.
There is no man in this community, who
posKwcs more cjmplclilj than Colonel
Grant the good w01 and confidence
of our people, fo his ability, energy, and
generous nobHilyt f aoul; and under him wo
expect to acc at ni distant day the comple
tion of the Georgia Western, that great ad-
Jnuctof Atlanta’s glorious future.
Clatai
We are receiving clubs from all tcction*
Let them come. Onr next week's tana will
contain a grand : iow feature, in addition to
being printed in 8 page form.
Ex-llavi riser Jaitlas.
Wo give clacw lerc the intereatlng corres
pondence relating to the presentation of the
gold imitation of the State seal to Bx-Gov.
Jenkins.
That gentleman when driven from the
Executive chair o Gcorgiaby Radical power,
carried with lilo the modest insignia of
gubernatorial aut tority. He preserved these
insignia, including tho State's great seal,
until tho Radical regime that expelled him
from the placo to which ho was called by the
free voice of th people, was itself hurled
from power, and a representative adminis
tration was once norc installed, in conformi
ty with conititut onal right and the untram
melled exercise < f a. virtuous franchise.
Tho incident forms a deeply intereatiug
and novel cpiacd i In Georgia's history. The
Legislature of Gc )rgla remembered the faith
ful service of h r distinguished aon, and
honored him by ordering that a gold likeness
of the seal shoul 1 be formally presented aa
a testimonial of i, republic's gratitude and aa
a Bute’s rccognli ion of devotion to her honor
and prosperity.
The letter of ex-Govemor Jenkins, like
everything cman Ring from hit brain, U a
documentor gra» and power. The terms
in which he refers to tho occasion of the let
ter are peculiarly feliciloua. Tho exquisite
elegance of diction, tho rare propriety of
sentiment, and the strong tenor of vigorous
thought that mark his letter, constitute it a
paper to be read with interest and admiration
and to bo treasured and remembered.
Ur. Jenkins p men la some views on gener
al politics that a e admirable and aUtcsman-
like. To an uni anally high grade of moral
qualities he addi high Intellectual gifu and a
broad conserval ra judgment. Few men of
Georgia’* public servants have evinced higher
qualities of mind and soul than Ur. Jenkinf.
The soundness of hi* intellect ia only sur
passed by tho purity of his conscience.
Ilia views on I the political situation show
a thorough comjiritensioa alike of tho great
prindplcsof cut free government,and of the
pursued by the South in the
political complication,
vlows aa embodying'
tho trucgphQosopby of
Some of the sentences are
mingled force, troth and
The rain fall has been 3-4 of an inch this
week, aad was very timely—doing much
good.
About two inches of rain has fallen in the
past four weeks; which has done very much
■ood, aad the indie* that* are we may have
vice aa much for four weeks to come. If it
doe* come, it will help core aad cotton crops
very much. The market in New York baa
been irregular; sale* 7,700 bales, with a rite
of Jots cent, on yesterday. Contract* hare
risen i scent, with sales of 75,000 bale*. This
baa been doe to the agricultural bureau re
port, and to the following public dispatch:
CATERPILLAR IX tT.miw;
Skl)u, July 15.—“The caterpillar is ap-
sariag generally fat the prairie land west of
slma. The third crop of worms will appear
the tint week in August, and may atrip the
plant of leaves.”
The market in Liverpool baa been firmer,
but no increase of sales or change in price.
Tbecanaeof the firmer market is the report
from Washington that the crop is two to four
weeks late. There are now 111,000 bale* of
Amercxn cotton afloat for Liverpool, of
which 40,000 bales will be doc, and should
be received there next week.
For the week ending July if, tho receipts
at Bombay were3,000 bales; shipments to
Great Britain 6,000; to continent 17,0C0
bales.
CROP PX0SFXCT8.
This week we have seen intelligent plant
er* from South Western, Middle and Upper
nx
areder
Brevtalaa.
» f -L\J-.
The Danbury (Conn.) Newa haa adrcula-
tioiiof 11,000.
The Columbia factories consume about 23
bales of cotton per day.
A Texas woman has arrived at BL Louis
with ljOOO head of cattle, her own property,
which she satiated in driving from Texas.
A gentleman, Napping apoa a lady’s drr*»,
excused himself fay saying be thmtgbt ahe
had pasted some time before.
It is said that of 8,000 men who enlisted
in the three Texas reigimenta of Hood’s bri
gade, leas lb an 200 are living. ^
The nee hone, “Clipper,” owned by Jem
Able, of Livingston county, Kentucky, was
killed by lightning near Carrsville a few
daysrinee.
Mias Bailie 8. Farrell, appointed postmis
tress at Covington, Ky n to succeed the late
”*ae H. Grant, get* a salary of $3,400.
Some wag in London has advertised for
i American who can makes speech in
England without saying anything about
Americana being of tbesamerace that pro
duced Sbakapeare.
Gen. Jordan, of Confederate and Cuban
military renown, was at Syracuse, N. Y., on
the 11th, aiding in a meeting to raise money
to buy guu* and powder for the Cubans.
The Shah wanted to eee a hanging in Eng
land, and ia the absence of a subject, offered
his grand chamberlain,whom heinteadsto
decapitate anyhow when they reach home.
Tbo declared value of printed books ex
ported from England in the last five months
was £324.886, which was an increase on the
proceeding year of more than £24,000.
It is said that owing to there Bring *o many
Americans in Europe at almost ail the Eng
lish churches and chapels on the continent
the tfttul prayer for the Queen is immedi
ately followed by one for the President of
the United States.
It ia said tbit some of Jeff. Davis’ former
slaves serenaded him while he was in St.
Louis, and that he invited them in, and, af
ter a little chat about old times, made each
present.
Tbo Shah was exceedingly astonished by
the aphndor of Stafford House, the residence
of tbc Duko of Sutherland. “Who and
what is this Duke? His house ia more
he l*itij
The Contractors’ Claims Ad
justed, and Prior Liens
Adjudged Thom.
Satie Consented toby All Parties,
and Dearm Takes for Sale
on 15th or October,
rarckaun to raay $150,000late Corn t
to Conaplcto PeMlcnaenS With Csa
Georgia, and all agree in saying that the
crept are not more than a week later than
last year, whilst many plantations in South I
West Georgia are a week earlier than fast
year. Much of the cotton threo to four
feet high; aa full of fruit aa it can be; no
aheddlogof bolls or squares and perfectly
clean of grata and weeds (except a few aban
doned fie da, possibly fire per cent, of the
Increased acreage) and plenty of open bolls.
Last year the first bale of new cotton
from this State wsa received July Slit; the
year before August 9tb; this year the first
bslcwlil be ia market a week earlier than
last year.
wThccropof Georgia is now very fine in
deed, and will average fully 100 per cent
Our correspondent from Middle Alabama
writes Of, “the put two weeks have made an
entire change for the better in the cotton
cron.”
We will state for the information of some
of our friends who cannot exactly understand
the wcallier reports from Washington, that
tho Western Gulf States lie west of the Mis-1
sisaippi River; theEaatern Gulf States empty
their waters into the Gulf—Alabama being
the moat eutero. The South Atlantic States
I begin with Georgia and end with Virginia.
California cotton ia beginning to come into
notice. Last year there was planted on the
Minipoaa Creek plains one hundred acres in
cotton, and it paid so large a profit that this
yearObt hnndred seat* are plan tad in ooUon.
Money was tight in New York last winter
from October to May, ths price for calljoans
The I
deserves to be e
i grand utterance, and
1 on every heart:
“My position is that there is now no cause
for despondency; that the wrongs and op
pressions we hare endured resulted from ad
ministrative abuses, not lrom structural
changes in the government. This distinc
tion should be 1 ept constantly in view. In
a complex govt rnment like our own, the po
litical powers i lvided between the general
and Stalo gove aments, let it never be con
ceded Mat a fo ter once usurped it Henceforth
a poteer tsansf rred; nor that a tight once
e a right extinguished;
r that a CosutUutien a thoutand timet c to
ff tyranny and esrrvption mutt thereafter he
myriad atagi temment revolutionised."
Noble, brav ?, hopeful, clarionet words
these be, that a tonld ring over ihclcnglh and
breadth of tho land, giving troth and inspL
niton to every 1 wearied champion of con-
Tns atuiti Otmnmmt fa
of the very hebt papers published anywhere
between Baltimore and New Orleans, and fa
an earnest and able exponent of Southern
principles. IU editorial staff b about the
largest in the South, and among the beat.
Hon. Alex. IL Stephens fa its Corresponding
Editor, and his writings, henceforth, will
all appear in Tmt CostTrrtmox— Wilming
ton, N. C,Jour tab
Tbs Cor la Btlltmxy lasUtate.
Let Georgia revive this institution so hon
orable in its re ord and serrieea. It was, be
fore the war, one of the most flourishing
educational institutions in the State. Its
l with distinction and illus
trated the Stsl7 in the war. It is now sought
to resussltatc i. An effort was made in the
last General A ecmbly to do this, hot it failed
by a small vot e. The State needs tnch an
institute.
A Convcntk n of the Cadets and Profes
sors has been < ailed to meet in Atlanta on
the first of September to devise means to get
the college re-i atablished.
We heartily approve the project and trust
that it may m et the popular support it dc-
per annum, and will likely remain so until
there to a demand from the South to move
the cotton crop, when it fa likely it will bo
even more stringent than last winter,
Money fa always tight here, for
although there are plenty .of banka, their
capital U too limited to afford the necessary
discounts. If cotton should be low this
winter, and money tight, it may affect the
interest of some of our national banka who
have been loaning their money for high
rates on mortgage on real estate, for such
security fa not worth to a national bank
the paper it is written on; and some of
their debtors, when pressed, may take ad
vantage of this.
AGRICULTURAL BUREAU EXPORT.
On the 15th instant the Bureau bitted its
report for June, stating tho crop was two to
four weeks late.
These reports should always be taken with
many grains of allowance, for we all know
the information titty rive is alwaya from
three to four weeks old when issued, and
the crop fa liable to bo from five to ten per
cent, better or worse at the date it fa issued
than it was when the letters upon which it 1s
founded were written.
The information, upon which this last re
port was famed left the plantation*
from the20th to the25lh of June; and every
one knows that joatat that time there was a
general complaint of rain and grass, and
farmers were very gloomy and low-spirited
and hence tho bad reports. The report for
July should bo issued about the middle of Au
gust, and if no serious misfortune befalls the
crop for the next two weeks the report will
be 250,000 bales better than the last.
Old planters my July makes the crop; and
we never saw a more favorable July, thus
far, than this ha* been. One-third of the
crop fa now secure against all enemies; and
the indications are that the drouth which
we feared might do much injury fa now about
over and we shall have rain enough for the
next six weeks;’ if so the crop'will be abund
ant
Many persons thought that the last report,
making the crop two to four weeks late,
would put tho price* up in Liverpool; bnt if
not another halo should be exported from
this country, the supply for Liverpool
fa 83JI00 bales per week until November lit;
ond the supply for tho past four yeareatthis
time, has beeen per week, for 1869,90,000;
1870,35.000; 1871,83.000; 1872,26,000; 1873,
33.000 taler, and then we hare a stock at
the interior towns and seaports of 235,000
tales; compared with 127,000,197,000and
189.000 for threo yean before, aad onr re
ceipts for next six weeks will be larg
er than ever known before in this
country for same time, la St like'
this crop will be later than 1871; when 71.
000 bale* were received in September against
230.000 for tbo first five weeks of last season.
Our esmato Is tho receipts for the first five
weeks of next Muon will be over 150,000
b^lca.
prospects.
splendid than the Royal Palace.” “He, your
Highness, fa one of England's great nobles,
waa the reply. “Too powerful,” Slid his
Majesty; “I should behesd him.”
Tho report is current in Newfoundland
that Captain Halpin, of tho Great Eastern,
from which the new cable has just been suc
cessfully laid,is to receive, after he shall have
raised the 1865 cable, which is broken at 650
miles from Ireland, the sum of £10,000 ster
ling as the reward for his aerrices in cable
laying.
Hr. A. T. Stewart, accompanied by hire.
Stewart and Judge Hilton, sailed from New
York on Wednesday in the Beotia for Liver
pool Mr. Stewart goes on a trip of pleas
ure and business combined. He will be ab
sent three or four months, during which time
he will make a tour through Europe.
The Nashville Banner tells us that Mr. G.
8. Newsom, of that dty,J “has invented a
most ingenious washing machine,” The
best washing machine we ever saw waa in
vented thousands of years ago, and sold
before the late war for eight or nine hundred
dollars; but one of Lincoln’s proclamation*
broke the main-spring of it, and it has been
rather a worthless piece of machinery ever
since.
An agricultural Second Adventist in Or
riugton, Maine, fa so firmly convinced of the
approaching end of the world next month,
that he has mortgaged his farm for $5,000,
which he fa spending as faatasposiible,
thinking that he haa a particularly “soft
thing” on the mortgage. All of which shows
that like many other New Englanders, he fa
much more honest in hb religious belief than
in his business transactions.
Chicago Times! Washington telegram
says Colonel Mosby had such splendid suc
cess In getting his sister into the department
that he fa here again and seeking a place for
Tho Administration
We tad thought there might be a gradual
dedino in tbo market, bnt It seems to be
climbing up, only to tumble down sudden
ly when least expected.
Wheat 1st California.
Ha good deal of commercial ss well asagl
ricullural interest .attaches to the Wlgt wheal
crop of California, and the very considerable
I crop of Oregoo. Thsftonltanctoeo Bulletin
has these remarks on the subject:
■ “The opinion which this paper has ex-
■recsed, that the result* of the harvest
of *73 would furnish ten million ccnti^B
wheat for export, has proved to be correct. I
In round numbers, about three hundred
and thirty ships will bare taken by the end
at this month tea milBim centals of the
wheat crop of last yetr to foreign markets.
Wo have now entered fully upon the tar-
rest of *73. Reapers, heardcis and thresh
ers are already in the fields, and grain sacks
arc going forward to all prominent Doints for
dfatribunos. The wheat crop throughout
the State fa beyound the point of danger from
rust, blight, etc, There has been a steady
improvement in most of the stands of grain,
nearly up to the point of harvesting. Later
reports from nearly all quarters are better
than those rent in a few days before;
“L N. Hoag, of the State Agricultural So
ciety, ha* green the result of the Inquiries
toadrtag th* wheat crop of the present year
in tabular form, which may be summed up
I** follow*:
5Ie:ir ‘ ~£ timx^uJ
H«V Central. Atm. Vled-J
3.114. MS. 12,701*0. 2.418.000. ll.I84.0lM
A cental of wheat fa 100 pounds and i)
bushel*. The climate of Oregon ia colder
than that of California, and the wheat crop I
later. The prt»pe<a, honasas, fa IWanMa
I Expert* estimate the aurpluifrom the Factfc
coast St ten percent, less than la=t year,
Pony Hughes fa Postmaster at Dyersburg,
riccF. W. Log combe resigned.
Ahorse thief named Simpson waa arrested
in Dyer county I sat week.
A new horse disease fa afflicting Nashville.
There are 103 visitors at the Bon Aqua
Springs.
The residence of Hr. J. G. Thomas, in
Hamilton county, was horned Friday; loss
about $i,0C0.
Dyer county haa increased its school tax
by raising the price of marriage licenses one
dollar, besides setting aside fifteen cents of
"tecounty tax for the same purpose.
The proposit : on to donate $100,000 bonds
of Chattanooga to the Cincinnati Southern
Road, was voted upon on the 12th and car
ried by a vote of 923 for, to 64 against.
another relative. _
so rery anxious to reward Moaby for hto ser
vice* in the Republican cause in Virginia
that his sister was given an appointment in
ntter violation of the civil aervice rales; for
she was not required to pass an examina
tion.
he Brunswick and Albany
ft
ItUfcWlj f
¥• CtHflettA U E«n
Georgia Western Railroad.
. v* *•* \
PmkfantL 9. Grant Uivw to the
•onr* of Dftetton His Views
About the Bond are* Infor
mation Obtain eil In a Re
cent Trip Over It,
The friends of this great, bnt unfortunate
enterprise will rejoice to learn that it fa slow
ly but surely extricating itself from the
meshes into which itwa* plunged by H. L
Kimball’s stupendous misfortunes ana fatal
disaster.
The repudiation of the bonds by the Leg
islature of last summer, did not seriously
affect the solid interests Involved In the enter
prise, but the numerous suits and cunningly
complicated litigation that was piled upon
it Wff’h. mi i serious incumbrance
and held it in doubtful suspense and perilous
delay until Saturday lot.
TUB ADJUSTMENT.
AU the bondholders and .the contractors
being represented by attorneys inlaw, and,
in a fact, before the Superior Court of Glynn
county at Brunswick, and it becoming ap
parent that the suits would be prolonged
ndtfloitely, and that any decree for the sale
of the road would be defeated by appeals to
higher tribunals, these representatives or at
torneys were induced to make one more
earn eat effort to adjust the difficulties and
settle claims by compromise,' and a consulta
tion held at the residence of CoL Chis.L.
Schlatter, the Chief Engineer, on Friday
night, the Utb, envolved a solution of the
troubles, and reaulted in an agreed basis for
a decree, final and absolute.
action f of the parties and jmjgmrat of the
Court:
Brunswick, Ga., July 14,1873.
Colonel Carey W. Stylet:
The mortgage set forth in the first bonds
of the Brunswick and Albany Railroad Com
pany was foreclosed on Satnrday, and the
bondholders took judgment for over $3,000,-
000. The bonds were in court, exhibited in
evidence, and the jury found verdict.
The court decreed the sale of the road on
the 15lh of October next, requiring $150,000
to be paid into court on the day of sale, and
balance as called in by the ‘ '
The Coat and Local Busi-
aem of tlie Road,
LUMBER, IRON_AND COAL.
The Prospective Through
Business.
Thv Reqnfaitaa of Interior Trad* Centres
Diacunod aad Hlui'xatad
by Atlanta.
i uam rfinx.
Georgia Wests tut Railroad Office, >
Atlanta, June 21,1873. j
Resolved, Thst the President be requested
to furnish this hoard of directors a written
communication of hb views relative to the
Georgia Western Railroad, embracing the
*'* “ * “ him during hfa late
and that the
qualities of ridge lands along our route are
generally covered with uncalled forest! of a
superior growth of yellow pine. The deci
mation of ptae forests along the older reads
has rendered it difficult to obtain it ’
quality of lamberln Atlanta, evan at'
tiles. Tkii his forced into we inf<
i ualities to Ike detriments of the consumer.
Our road will sapply this lack for many
years, g J
IRON AND COAL.
The deposits of Iron and coal in Northern
Georgia, Tennessee and Al.hmna are attract
ing capital from the Northern States and
Europe.
Developments along the railroads in opera
tion are (in rapid progress. The consump
tion of iron haa reached such large
figure* - as th constitute its production
one cf the leading branches of in
dustry ia the world. When the ore, fuel
and flux for smelling are convenient
to each other, tho profi s of smelting are so
large as to seem fabulous to those who have
not the data by which to estimate the cost of
producing pig Iron. The profits of well
'■ft “ “ '
THE COTTON CLIQUES.
Sharp P/aellce la New Torts—South'
craer. tho VIeUaaa—Aa laitSe
View or how Thing, are
naaue* fa (he New
Terlc Cottoa
Exchange.
New Yak Cor. CMr'crton Hews-]
As an observer of events occurring on the
floors of the New York Cotton Exchange,
propose to ventilate certain grievances which
are borne by the Southern merchant and
planter, not generally known to either. And
ft fa the method commonly adopted by
which they become heavy losers, whilst un
wittingly abetting speculation always ram
pant here. We will make a statement sup-
poaUUous of scale in point, aay:
Thomas Jones * Co., of Chsilestoo, South
Carolina, having no interest ia futures or in
the plans of the “Bull Ring,” or clique, and
having a couple of hundred bales of actual
cotton on hand, ship tho samo to Williams
A Co., of New -York, and advise that it bo
disposed of In the manner making the largest
returns to them. It so happens unknowingly
to Jones & Co., that Williams & Co., are
notorious and active members of the bull
organization, and it ia their intent that a'd
cotton of tho grades of good ordinary and
above, known as contract cotton, be not sold
to any one who wcnld deliver it on a con'
tract, and thus satisfy and wipe cut one hum
dred or two hundred bales of the short in
terest
. Williams &Co. would not deliver tho con
signor cotton on a contract even were they
instructed to do so, and would find an excuac,
such as “loo poor for delivery,” or the thou
sand other subterfages employed would be
always ready; the real rest on, be it known,
why they would not deliver on a contract as
ordered to, that after the usual transfers, It
would bo finally received by a bull to prevent
it getting into tho hands of a bear, and that
would tend in a small way certainly to wea
ken the ring, and would also bj opposed to
all the principles upon which the success of
the ring are based and control]ed,being in fact
simply a transfer of responsibility from one
of the ring to another of the same si *
neither to bo offered by the one nor
by the other.
A Southern merchant who has cotton held
here in the hands of a bull cannot cell it.
And why ? Because the exporters ice two
cents a pound loss in any they buy to ship
abroad, and win have none of it. The spin
ners have lately become dirgutted with these
artificial prices, and having a dull market for
their manufactured goods, prefer to await
developments and lower prices.
For the reasons heretofore stated tho con-
'ho happens to be a bull will not
it on contract for a July or August de-
', for by so doing he would be dla-
„ sally opposing hfa own interests and
that of bis ring, and the result fa the cotton
fa allowed to remain in storehouae until the
ring accomplishes its purpose, which or
coarse fa to force the bears Into a settlement
at high prices. Tb<nwbat follows? The se
vere strain under which the market his la-
brred to suddenly slackened, and then comes
the collapse, and prices dedino three cents
below the prices that conld have been ob
tained for the cotton on its first arrival in
New York, if it had been placed on a con
tract and told in ibe interest of the
signor.
The moral of this story fa apparent. Be
fore cotton fa shipped to New York, first
find out the proclivities of the receiver, and
if it be one of those well-known to be of the
earth earthy, make another selection, and
tcod the consignment to a house of
tire action, who would place the cotton to
best advantage, for all rings and cliques are
at least demoralizing, and sine times out of
ten those who form parts of them are un
scrupulous
This advice foTowed would leave the
Southern merchant free of the incubus of
carrying cotton of this year’s growth into the
new crop; now so near at hand.
The Serend.’ C..e ifali.
The second* in ths late M or dccai-McCarty
dad appeared before the Hostings Court
—' yesterday, and answered to their names
called by the Clerk. Their counsel,
without waiting for Judge Gnigoo's decision
upon the application made for renewal of
tail Wednesday, asked’ lesre to withdraw
plication, which was allowed. The
were then ordered to te committed
to jail, to await their trial upon the indie',
ment found against them at the September
term.
He an; Bacon, Hood, Hines, Nichols, Hurls
and Loehrane, to be expended in completing
tbc settlement with the contractors at fifty
cents on the dollar.
All the bondholders and all the contractors
were parties consenting to settlement and de
cree. The other cases against the road are
small and easily disposed of.
I remain here to gather the fruits of the
victory and secure them to Brunswick,
Southern and Southwestern Georgia.
O. A. Lochrank.
From other sources we learn that each con
tractor's name was incorporated in the do-
cree. together with the exact Amount found
to be due by running the figure 2 through the
audited claim. It was also agreed that the
engineers should bo settled with upon the
same basis.
The settlement agreed upon, the bond
holders foreclosed obtained a verdict, and
the Court decreed “by consent of the par
tita named.”
THE OTHER CLAIMS
are not in the way of the sale; or the com'
pletion of the road. The Court remains In
session to try them, bat thrnr can only ob
tain general Judgments, which bring inferior
to tho liens of the first mortgages—the
bondholders—renders them worthless and
They will no doubt bo paid if the
chasers of tho road In Ohtober are met
in a spirit of liberality and compromise.
Claims of the right-of-way west of Albany
have equities and remedies, and we are quite
sure they will be respected.
infoamation obtained
visit to the State of
city papers be requested to publish the same.
To the SireeUrt of the Georgia Western Rail-
rood Company :
Gentlemen—In response to the foregoing
resolution I have theAonor to state, that the
visit of Major Campbell Wallace and myself
to Talladega had reference mainly to the act
of the General Assembly of Alabama grant
ing ail to railroads, including so much of the
Georgia Western aa should be constructed in
Alabama. A condition to the grant requires
the work in Alabama to be commenced at the
city of Talladega, aafi prosecuted in either
or both directions; Ond that twenty miles be
completed by the,first day of November,
1874.
The nature of the grant is a loan without
interest of $4,000 of 8 per cent. Stale bonds
per mile of completedYoad, $80,000 to be de
livered to tho company on tho completion of
twenty miles, and $^fi000 aa each successive
five miles shall be completed. The company
to pay to the State threo-fourtha of one per
cent of the groea receipts of the road In Ala
bama each year, for the term of five years, and
fivep er cent of the groea receipts as aforesaid
each year thereafter until the principal of the
loan stall be paid.
The loan is a donation of interest, it is _
lien on the revenues, but not on the property
and franchise of the company.
To pass the road through the city of Tal
ladega will require a large deflection from
the direct route, and consequent increase of
distance and cost. Without material aid
from the city and county of Talladega, it
was deemed inexpedient to attempt a com
pliance with the conditions of the 8tate
grant, aa the increased cost and perpetual
expense of maintaining and working the
longer line would neutralize the benefits of
theproffered loan.
TALLADEGA.
We found a lively feelingof interest mani
fested by the citizens of Talladega. An im
promptu meeting of Representative men re
siding in and sear the city was organized.
Major Wallace addressed the meeting in a
plain, candid speech, explaining the position
of the company in reference to the conditions
of the State loan. He stated that surreys
were then in progress for the purpose of
Instituting comparison] of cost and distance,
and if the route via Talladega should be
deemed feasible, the city and county of Tal
ladega would be asked to subscribe to the
capital stock of the .company the sum of
$300,000, to be applied to the construction of
twenty miles of road, a* required by the Act
granting State aid. In his opinion (his was
the least sum in addition to the State aid,
that would justify the company in deflecting
the road so largely out of a direct route be
tween its objective pojuts, even should Uie
rente prove of easy construction.
The agricultural and undeveloped mineral
resources of the country were shown to justi
fy a much larger subscription if necessary '
secure lhe road.
The remarks of Major Wallaco were favor
ably received and elicited a general expres
slon In favor of the subscription, with the
— T. _
regulated furnaces in Georgfa,Tenncseee and
Alabama during the past year have ranged
from 60 to 75 per cent. These results will
rapidly people the iron districts, stimulate
other branches of industry, and make these
favored regions the wealthiest south of the
Potomac. The railroads now in operation
and In progress through .and into these
districts, will soon have a tonnage busi
ness of iron and coal beyond the most
sanguine estimates of their managers and
projectors.
Of these advantages our road will have a
full share. In the Chockolccko, Alexandria
and their lateral valleys, are deposits of
brown hematite ore, apparently inexhausti
ble.
Near our Western terminus we reach the
red mountain deposits. This range fa esp
ied almost continuously for a distance cxceed-
og thirty miles with red hematite ore, yield
ing from 35 to 60 per cent of metal. The
ore beds in some places are twenty-five feet
thick, lying above the drainage, admitting
the greatest facility for mining. A number
of furnaces are now in blast along this range
near Birmingham, and preparations are mak
ing for many more.
Investments have been made in these de
posits by capitalists of the Northern States
and England, with a view to extensive smelt-
ingandmanufacturing works.
Ida of this rsngo of red
Their counsel, however, have prepared
petition to Judge B.W. lacy, of New Kent,
asking that they may te brought before him,
upon a writ of habeas corpus, to make appli
cation for bait. It to expected that the writ
Will be served upon the Sergeant of the city
to-day or to-monow, and the prisoners will
then be carried to New Kent county, where
they will be he*ri—SiAmoni Bngsetrer.
It fa conceded none but the bondholders
can purchase the road, as none olhcis can bid
enough* to reduce the sacrifice to a willing
figure.
We understand the European and Ameri
can bondholders united in the settlement, and
that they are united in their purposes relative
to the disposition of the road. It fa believed
they will purchase, organize a new conmpany
and proceed at once to complete the road to
Eutanla.
This seems to to the logic of the present
status and outlook of affairs, and If we are
to credit the common understanding of all
the wise men who hare been admitted to
the confidence of the prospective owners,
we may set It down as a fixed fact that
the road fa to be completed without un
necessary delay.
THE CONTROLLING SPIRITS.
To a few gentlemen the friends of the
road, and (the country through which it
runs, are much indebted for earnest, per
sistent and successful efforts in accompush-
ing this settlement. CoL W. M. Tumlin
has worked hard from tho beginning, and
and baa perhaps talked and suffered more
than any other mdrvldusL
Judge Loehrane has given bis brain power,
and physical labors to tho work, and has
been m the thickest of the fight from tho be
ginning of the mighty conflict till victory
came, and .has wielded his trenchant blade
with *s much zeal and earnestness as if the
causo were hfa own’ and depended upon hfa
own exertions.
Colonel T. L. Sneed, of New York, Agent
for the American Bondholders, has also ren
dered valuable service*. He fa a gentleman
of fine parts, and, as we understand it, form
ed the rock in the wilderness around which
theb .ndbolders circled and settled. Through
hfa agency, with the cooperation of Judge
Loehrane as agent of the Foreign Bondhold-
a the literals of the bondholders was
cd and definite action reached.
Mr. George H. Hazletunt who has been
the anxious and active friend of pace and
settlement all the while, and who pos
sesses, in an eminent degree, the confidence
of the capitalists whose interests are involved,
entered the arena last week, much after the
style of 8tonewall at Gaines’ Mali, and was
perhaps the medium of the achievement.
Mtsrs. John L. Harris, Hina & Hobbs,
Bacon and Simmons, Arthur Hood and Ses
sions & Nichols also had much to do with
the matter as counsel for and against the
read, and to all the country is deeply in
debted.—Albany Ncxts'
Saarila Crop News.
Newton needs rain ays the Enterprise.
Crops are suffering.
Terrell has haddronght for two weeks says
the JouroaL One good rain will save corn.
Cotton fa suffering.
The Thomssvifle Enterprise reports cater
pillars in every quarter. Half the crops in
fested. Hr. Wm. Harrell ays they wtlldean
him out soon without a remedy. Captain
Davis kills them by sprinkling cotton with
the cotton compound.
Id parts of Monioe, Upson and Pike, says
the Gazette, crops need rain.
Gordon corn fa falling for rain, says the
Times. Cotton looks wdL
Morgan crops need rain. Partial rains
occurred. Corn will bccutoff badly without
rain. Clean cotton in suffering. Tho oat
crop to the beat for yearn. What fa short
Thus onoihs the Home JouroaL
The Albany Central City fa one of the best
crop reporters in the State. Corotojmtued
whipped ont Late com fa reported hurt
past hope. Pike Hill’s plantation is possessed
by crab grass and gone up. In many cases
crops are hurt one halt Mitchell county
crops are flue, as rain has been plenty there.
Cotton is small, owing to defective seed.
Alabama Newa.
The report of cholera being at EuTaula fa
denied
A negro woman, living on the plantation
of Bosley and Moore, near Selma, wu
drowned on Thursday.
The Birmingham News of the 18th Inst,
ija: “We are authorized by the Board of
Health to state that there haa been no death
nor any case of cholera in the efty for the
pat twenty-four hours.
The Huntsville Democrat aya that the
p’anters have had warm weather and some
seasonable rains. Still crop prospects are
gloomy. Cotton and com are dwarfed, and
ure a yellowish color.
Tbs estimated yi
hemilUe ore beds would tax tho capacity of
ten double track railroads for two hundred
years.
In the lateral valleys of tho Chockolocko
two furnaces are in blast, and others in pro
gress of erection. By this time we can com
plete our road,there will bo tributary toll
one full train-load of pig iron per day, and
this tonnage will expand with increulog
ratio.
The erode ore fa now being shipped to
points in Illinois, by the Red Mountain Iron
and Coal Cempany, at a clear profit of four
dollars per ton.
I wu informed by an intelligent gentleman
from Ohio that this comuany had been offered
a contract to supply 600,000 tons of ore to
the same partia in Illinois at the same price.
The contract wu declined.
Up to the present time tho furnaces in
Georgia and Alabama have been run with
charcoal, a convenient supply of which can
not be long relied on. A supply of mineral
coal free from salphcr, or which cokes freel v,
fa therefore lndespcnsible to the future work
ing of these iron deposits.
It fa sufficiently well known that an abund
ant supply of good bituminous coal exists in
Tennessee. Northern Georgia and Alabama,
but it* existence, along or near the route of
the Georgia Western Railroad, has been ques
tioned. On thb point the citizens of Atlanta
feel a lively solicitude, u a supply of good
coal at a moderate price, wu a lading argu
ment in favor of the city subscription to the
road. They may rest perfectly assured that
■ Bat thagimt lina Twnlafia—rly-dmwmt
from our western terminus to the Mississippi
River at the city of Greenville, pairing
through Col ambus, Mli i luted, amriag the
Mobile and Ohio Railroad af Xrteria, and Be
Mbeiasippi Central at Winona, on which the
work of construction baa commenced, thence
west to Trans-Continental Railrond atTex-
ascana, will make naja link in tho strongest
line south of Richmond. From Texucnna
the Trans-Continental 1* graded to Sherman,
in Grayson county, and the iron rails in
course of delivery, and thence will connect
with the Texu Pacific at Fort Worth.
This route from Atlanta to Fort Worth, a
distance of about 860 miles, combines greater
agricultural, mineral and lumber resources
than any continuous line of like extent in the
United State*. I tun fortified in thfa ex-
tresrion by the indorsement of Hon. John P.
Ling, who haa examined this subject care
fully and with lively interest.
THE SHORTEST ROUTE TO THE WEST.
As before shown, we have the shortest line
to Meridian, on which route westward there
fa a gap of only 96 miles unconstrocted, to
the Initial point on the Texu Pacific Thence
to Dallas, on tho Trinity .River, tho lino will
be completed about the first of October,
next Thence to Fort Worth tho grading 1j
in progress. Daring the year 1874. both the
Trans-Continental and the Texu Pacific are
to be completed to Fort Worth. CoL Thos.
A. Scott, President, expects to complete the
entire line to San Diego in five years.
The Southern Pacific of California fa now
progressing from San Francisco southward
to join tho TexaJPacific at or near Sau Gor-
gonia Pass, being completed and in operation
to Salinas, 118 miles.
The Southern Trans.Continental Railroad
fa no longer* delusion. Already there has
been expended about $7,000,000 in construc
tion and surveys. The company have dona
tions from the State of Texu and United
States of 31.030,300 acres of land—anamplo
and most reliable basis of credit. We may,
therefore, reason upon tho results of its com
pletion without being obnoxious to the charge
of “blowing bubbles.” These probable re
sults are of such magnitude, that an attempt
to elaborate them would extend this commu
nication beyond the limits to which I had in
tended to restrict it. I will, however, briefly
state some of the points of leading import
ance.
Tho distance from New York to Omaha
by ono of the shortest, if not tho shortest
line fa 1,401 miles. From Omaha to San
Francisco fa 1,907 miles, making a total of
3,308 miles.
By computing distances of unfinished
links, wo have tbo following comparison of
routes from New Yorkto Fort Worth,Texas:
No. 1, via Philadelphia, Pittsburg, 8L
Louis and Sherman, 1,710 miles.
No. 3, via Baltimore,Cincinatti, Louisville,
Memphis, Little Rock and Longview, 1,780
miles.
No. 3, via Washington, Lynchburg, Chat
tanooga, Memphis, Liulo Rock and Long
view, 1,070 miles.
No. 4, via Washington, Lynchburg, Chat
tanooga, Meridian and Shreveport 1,680
miles.
No. 6, via Richmond, Atlanta and GerogU
Western, 1,74b miles.
No. 6, via Richmond, Atlanta, Montgom-
cry and Meridian. 1.760 miles.
xlos. 1,2 and 3 will have complete linra to
Fort Worth by tits end of 1874. Nos. 1 and
6 will probably have complete lines to the
same point by the end of 1875. The com
pletion of No. 5 will depend upon our ability
to push the Georgia Western to a connection
with the Alabama and Ghattanooga.
From Fort Worth to San Diego u demon
strated by actual surveys, will not exceed
1,250 miles, and to San Francisco 1,659 miles,
making a total distance from Now York to
San Francisco by tho shortest lino 3,320, and
by the longest 8,430 miles, the former being
only 13 miles, and tho latter 123 miles longer
than tho Omaha rente, and with practical ad-
the most anguine representations,madeto- midcuittramtu^uivri«rS
them on this subject, did not exaggerate the itieast 10 percent
wotav; aid —pin agreed futiMuto is an
low rata of transportation in receiving and
distributing all classes of freight*. Doea
not Atlanta meet all these requirement* more
folly than any city yet founded in the Sooth ?
The history of this city fa a complete verifi
cation of the theory I have advanced.
-Without the pecuniary or moral aid of a
single capitalist or lading representative
man in the inception, with immediate sur
roundings of meagre promise, Atlanta baa
grown to the rank of the accond
city in Georgia. Slowly in the out
set but in an increasing ratio
from year to year, Atlanta has absorbed
much of the area of trade once controlled
by the old atablished marts of Augttsta,Ma-
con, Columbus and Montgomery, all ol which
were dtira of considerable Importance when
the rite of Atlanta wu a forest.
In what consist* this marked advantage,
until recently unappreciated by onr most sa
gacious ana far-seeing men? lit is not
alone in geographical position. It is not in
superior facilities of transportation. Au-
rusta has fire railroads and a navigable river.
Kacon haa the same. Columbus has fourral-
roads and a navigable river. Montgomery
five and a navigable river. It is not imtni di
als surroundings. Either of the cities named
in comparison have the advantage of Atlanta
in this respect, while Augusta and Columbus
each have water power of very large ca
pacity.
The preponderating advantage of Atlanta
is In a dty, pure, invigorating atmosphere.
This enables ail classes to reside here dar
ing the entire year with eomihta immu
nity from climatic fevers or the enervating
effect of a humid, miasmatic atmosphere.
For the same reason all outside may visit
Atlanta on business or for recreation at ail
seasons,with security from local sickness if
not with a fair chance of improved hallh.
Onr merchants can hold in store every dis-
cription of goods snd produce without in
jury from dampness of climate. Me
chanics can perform as much labor
hero without exhaustion, as in more north
ern latitudes. The latter fact is far more im
portant than is generally conceded.
I have the opinion of some lading railroad
managers ana master mechanics of the
South, and they concur in estimating a dif
ference of 25 per cent in average amount of
labor performed by mechanics hero from
April to Scptemtar, inclusive, and ia cities of
the South located in low, miasmatic atmos
pheres, and thfa supposes no loss of timo in
cither case from actual sickness. The dif
ference fa from incrvatlon of the system.
But this loss, as a general thing, falls on tho
employer and not the employee.
The latter (with bis family—if ho have a
family) is liable to loss of time and expense
from local fevers. Thao reasons insure to
Atlanta tho choice of mechanics—men who
are not driftinng from place to place, but
sober, steady, frugal men who are their earn
ings, buy freeholds, and constitute a large
clement of strength and progress In our city.
It should be borne in mind that these cli
matic advantages or Atlanta are perpetuaL
No human agency can change them, nor sup
ply the lack to citiea located along southern’
rivers or theBouthcm Atlantic coast.
In my estimation
ATLANTA IS AS CERTAIN TO BECOME A GREAT
Improved ijsteiui of culture snd the iudi-
cloas use of fertilizers tare rendered profit*,
ble thejmltivalion of tauca, well locatad to
to health and Amrkafa, heretofore ratimated
aa reluelcaa except for the forest growth"
The in mense mineral resources of the
8outh are beginning to be appreciated in our
own and foreign countries. Their develop,
mrat has fairly commenced with results ao
attractire to- capital aa to justify more *an-
guine calimatca of the future value of our
~T* "Mured to place upon it.
There me some persona who oppose the
on the ground that it will
Injure the Western and Atlantic, and tbc
Atlanta and Weat Point Railroads. Openly
expressed opposition on thia ground, bv thoae
In Interest, would be fair and legitimate. An
enlarged view of the future, Justifies the
opinion that the operation of tho
Georeia Watrro, if bailr, will ulti-
£,T/„. ,,cneflt . ^ »oad. in question
by otmalogup Atlanta to a commanding in-
duatnal and trade centre, which will extend
Us business over the Wcalcro and Atlantic
Railroad largely iaio Tennessee and North
Alabam^ and to a like extent over thoAt-
lanta and W cat Point Rairoad into Middle
and Southeastern Alabama.
One mint of great interest I b&vo passed
over in its proper connection. I refer to tho
immense capacity of Texas, New Mexico.
Arkansas, and the Indian reserves for stock
growing.
Already the annual supply for market will
doubtless exceed 50,000 car loads. Within-
crowed facilities for shipments, tbc annual
increase will to lame. The greater portion
of this earning burinen will Be distributed to
diverging lina outward, in one of which the
Georgia Western will constitute a link.
In doling thfa communication,! treat it will
not be deemed egotism to say that I have
never sought to induce individuals or com-
inunities reinvest capital in schemes of doubt
ful result. No stockholder has been misled
by my estimates of cost or revenues of rail
ways entrusted to my direction, in construc
tion. or management.
Trusting that onr citizens will not permit
tho great enterprise, ao auspiciously com
menced, to linger for lack of their further
support.
I am, gentleman, your ob’t serv’t,
II P. Ghaut,
President Georgia Western Kail road.
BY TELEGRAPH
TO TBM ATLANTA CONSTITUTION.
Successful
Litigation
Creditor.'.
A few days ago the dead body of Wm.
Melton, a blind man and partially crazy, was
found on Monte Savo, near where he resided.
The body was mutilated and partly devour
ed by hogs.
0“ Alfred Schucking has been appointed
Co nan 1st Agent of the German Empire at
Washington.
opinion that it would be voted
DIRMIKGnAXt.
On laving Talladega, and after a brief
visit to the iron work* of Meters. Tyler &
Noble, near Oxford, I proceeded to the
young dty of Birmingham, with a view to an
examination of the topographical features of
of the country cut to tho Coou River. So
much has been aid and written of Birming
ham that it fa quito unnecessary for me togo
over the “oft trodden ground.” I was favor
ably impressed with tho loation—the sub
stantial character of its principal business
houses—the neat and tasty designs of the
private residence!, and the evidences of
spectability and good order of its people.
The future progress of the city depends
mainly upon the development of the mineral
deposits of iron and co:l, which, ia close
proximity, literally surround it.
Heavy rains detained me in the city beyond
my intended stay, and contracted tho time
I bad- expected to devote to tbc country.
ThroEgh the klndnea at Osarrml K. P. Alex-
tutder, President, and Major William 8.
Greene, Chief Engineer of the Savannah
and Memphis Railroad, I was permitted to
inspect plans abd profiles of surveys made
for that road from Chitdersburg and Tallade
ga to Birmingham. These, with verbal ex
planations by Major Greene and information
furnished by John A. Grant, gave me quite
correct idea of the physical falurcs of this
portion of the country. In company with
our Chief Eoginecr, I spent three days on
horseback in a critical examination of the
lading topographical difficulties to be over
come in the construction of our road between
the Coora River and the Alabama and Chat
tanooga Railroad.
Coping
EAST FfcOH nURUIKOHAV,
four ranges of high ridges or low moun
tains are encountered, lying nearly parallel
with each other and tending about North,
20 degrees Eaat, and South, 20 degrees West
They are named in their order Red, Shades,
and Oak Mountains. The fourth I will name
Coora Mountain. Red Mountain fa crossed
by tho Alabama and Chattanooga Railroad
sue miles northeast from Birmingham at a
low gap, requiring a short cut of about 35
feet at the apex of the gap. Our road can
join, and intersect the Alabama and Chatta
nooga at any point within 10 miles northeast
of Red Gap, passing Wat to a junction
with the South and North, or run along the
side the Alabama and Chattahooga Railroad
to Burmingbsm.
Shades Mountain breaks down into knobs
and low gaps, approarhing tho water gap
made by the main Cab&ba River braking
through from the northwest. We have the
option of crossing this rsngo by a Iow gip,
requiring a summit cut of 85 feet depth or
passing through the water gap.
Oak Mountain is cut to its base by the
water gap of Kelly’s Creek (known a Carr’s
Gap) in our direct line. The Coosa rani *~
cut by Kelly’s Creek at Lilly’s Gap, al
five miles due south from Can’s Gap. It fa
plain that Lilly’s Gap will not avail us.
To pass the Coou range, on our direct
route, as far u examined by John A. Grant
and myself, will require a tunnel of 1,000 feet
In length. We concur in the op’nion that
further examinations .will result in avoiding
the tunnel with a small increase of distance;
From the Coou range re the Coes: River a
moderate profile fa attainable; From the
tatter to the eastern border of Chockolocks
Valley, a distance of about 31 miles, the work
of graduation wfil bo unusually light, with
favorable alignments and gradients. The
ascent eastward out of the Chockolocks Val
ley to the sharp serrated ridge dividing the
water* of Chock dock Creek from thoee of
the Taltapoou River, will iuYOlve about four
miles cf heavy grading. Thence to the work
In progress the country admits a choice of
two or more line*, either of which fa practi
cable at a moderate cost
THE COST OF THE ROAD.
The road can be substantially built with
iron rails weighing 56 pounds per yard at an
average cost of $22,COO per mfle.
THE FRODAHLE LOCAL HUSINESS.
In presenting some general views of the
probable local business of the Georgia West
ern, I shall discard statistics. A general
knowledge of the resource* of the country fa
a much surer guide. A good country remote
from facilities may show meagre figures in
population and products, in comparison with
a poorer, having superior facilities.
In-general features and agricultural re
sources the are a tributary to onr road closely
resemblra that tributary to the Western and
Atlantia The former ha lea second and
third class, and more first class, lands in cul
tivation than tbe tatter.
The third class arable lands along onr
route from the Chattahoochee ridge to the rim
of the limestone brain east of Chockolocko
▼alley are, for the most part, uncultivated.
The second and third classes in cultivation
are yet generally fresh and productive. The
Chockolocko, Alexandria and Coosa valleys
are classed with the most productive lands
of Alabama.
LUMBER.
In the product of lumber our road will
command a large business. The poorer
coal measures of Alabama are known
as the Coosa, Cahawta, and Warrior fields.
One route crosses the two former, and termi
nates about ten miles cut of tho western
border of tho tatter. The British Consul of
Mobile, in a review of tbe resources of Ala
bama, sent bis government, estimates tbe
product of these coal fields at 62,250,000,000
tons—equal to tho maximum capacity of
twenty double track railways for more than
eOOyeara.
Where our surveys cross the Coosa and
Cahawta fields tho width of each fa about
ten miles. Outcrops of coal are frequent
along our line in both fields. In the tatter,
onr chief engireer uw workings, by tho
country people for smithing purposes, on a
vein six feet in thickncrs. The umo vein fa
reported ten fat thick about two miles distant
from there workings.
The Coou field hu been opened on Broken
Arrow and Trout creeks, a few miles north
of our direct route; where the outcrop fa con
venient for loading into flatboata Thb fa
generally known os tho BL Clair coal, and
hu been used for smithing purposes in the
adjacent country and towns, and in tho cilia
of Talladega, Wf - • «
From New York to tbe Pacific at San
Diego, the Southern route will be upwards of
400 miles shorter than to San Francisco by
the present completed line. It fa evident
from advantages stated that tho Southern
route will command a fair share of the
through business along route No. 1 to Bt.
Louis, with advantages aa we come Bomb,
increasing to a complete command of that
below the latitude of Norfolk. Forcoatwfao
and trans-Atlantic business, the Southern
route can have so successful competitor, and
in rigorous winters the whole bans continent
al business will bo controlled by iL
With the unrivalled haibor of Port Royal
where the largest class of shipping
can enter “without a pilot” and receive
and dircliargc freight along tho railroald
wharves directly into can for passage from
ocean to ocean between which will occur
only one transshipment, and with tho advan
tage of 1.0C0 miles leu distance than tho
Omaha route over roads of superior allign-
ments and grades, no ono can for a moment
doubt that this fa to become the great thor
oughfare of tonnage between the Atlantic
and Pacific.
EMIGRATION.
_ . ’ctumpka and Montgomery
for many years.
In 1847, while in charge of the Montgom
ery and Wat Point Railroad, I purchased a
flattest load of BL Clair coal for tho smith
shop.
It wu pronounced by the foiemansupcrior . , . . . . ... .
to any ho had ever used. Its fine coking **a extensive veins of gold-bearing quartz,
qualitia led the Confederate authorities to silver and copper ora known to exist along
work the veins to some extent during the
Emigration from Europo and the older
States of thfa country will flock by thousands
along thfa route to people the rich prairira
ol Texu and the fertile va'loys of New Mex
ico, Arizona and California. A targe mining
population will te attracted to tho numerous
The Cahawta field ha been opened near
Montavalle, and at a number of points along
the South and North Railroad. This coal fa
superior for mate purposes. Captain G. J.
Foreacre, R. M. Farrar, Esq., Dr. Armstrong
and myself used H for domestic purposes for
a short timo during the put winter, and we
concurred in pronouncing It superior to tho
bait Tennessee coal.
The Soulh and North Railroad enters the
great Warrior field about 15 miles north of
Birmingham. Coal of a good quality fa now
being mined in this field at three or four
points, in viow from the railroad. The Sa
vannah and Memphis Railroad will enter the
Warrior field about 10 miles west of its inter
section with tho South and North Railroad,
and will traraso it for more than thirty
miles. Owners of coal lands in tho Warrior
fields offered to contract, ia advance of the
completion of ■ ur road, to deliver the War
rior coal in Atlanta at $5 per ton—ourfreight
charge to be limited to 1 j cents per ton per
mile. We can do belter.
Tbe Coou and Cabawba coalt an te laid
down in Atlanta at a cost of four dollars per
ton.
This estimate giva ono dollar and ninety
cento for royalty and cost of mining, and two
dollars and ten cents freightage per ton.
Classing coal and the iron products ot Red
Mountain u local to onr line, wo claim a lo
cal support in itself sufficient to justify tbe
construction of tbe Georgia Western Rail
road.
THE THROUGH BUSINESS.
Onr sources for through business arc un
rivalled by any road In the Sontb. Intersect
ing the Selma, Rome and Dalton at some
point in Chockolocko Valley, or at the city
ot Talladega, Alabama, joining the Savan
nah and Memphis at aome point east of Red
Gap, Intersecting the Alabama and Chatta
nooga Railroad near the samo point, snd
joining the North and Sontb Railroad either
at Birmingham or a few miles north, wo will
bo in position to competo on equal terms
with any other route for all travel or freight
between the Atlantic slope, north of Savan
nah and Macon, and that area of Alabama
lytog weat of the Coora and Alabama Rivets,
Middle and Western Tennessee, Southern
Arkansas and the entire States of Mississippi,
Loulsianaand Tex*«. We shall alio compete
Eucceasully for Louisville and 8L Louis busi
ness. Onr distance from Atlanta to Selma
will be ten miles longer, and to Meridian
twenty miles shorter, than the route via
Montgomciy. To SL Louis via Corinth will
be about forty miles shorter, and to Lonisville
via roads owned and controlled by the Louis
ville and Nashville Railroad, eighty miles
longer, than the route via Chattanoogo. That
we shall compete successfully with the short
er line for Bt. Louis freights, lia In the fact
that tbe control of the line from Louisville
to onr junction is in the Louisville Railroad
Company.
Thfa company can afford a lower rate per
mite on 395 miles to onr junction tuan on 185
mila to Nashville. As evidcnco of thfa, on
the opening of its line through to Montgom
ery, thfa company proposed to compete for
business from Louisville to Atlanta and
Augusta via Montgomery over a line 193
lina longer than via Chattanooga. To con
trol tbo Atlanta and Augusts business, and
—event a reduction of rata, tho Nashville and
battanoogaand Western and Atlantic Roads
;reed to relinquish to the Louisville and
ontgomcry line all business sou'h of Wat
Point originating at or beyond Nashville.
The route via Grand Junction competa for
business between Atlanta and New Orleans,
teer a line 397 mila Ionccr than via Mont-
mery and Mobile; Our route to New
leans will be EO miles longer than the lat
ter, tat will be about the same distance as
the Short Line, when the New Orleans and
Selma Road shall bu completed. For .fore
going reasons, w* shall compete successfully
for business between Atlanta and all station*
along the Louisville line, including Nash
ville; also all stations on tbe BL Louis route
when the Savannah and Memphis shall be
completed, with an increasing advantage in
distance as wo come south from Union
r; ail stations on the Seims,Rime and
ton Railroad from Jacksonville to Selma,
and the Alabama Centra! Rtilrtad to York;
all stations on the Alabama and Chattanooga
Railroad from Atlanta to Meridian, and the
Vicksburg and Meridian to Vicksburg; all
stations on tbe New Orleans, Jackson snd
GLNorthern and Mississippi Central Roads,
as far north as Grenada, and all stations on
the Mobile and Ohio Railroad, giving as a
field for compjtition, embracing 2,100 mila
of finished railroads and in construction east
of the Mississippi River, in which we have
equal advantsgra with other lines.
copper ora known to exist along
thfa route, the great value of which hu been
attested by practical geologist*. Already
there fa tributary to thfa route between the
caattm borders of Texu and the Pacific, in
cluding the northern 8lata of Mexico, a pop
ulation exceeding3,000,000souls. In agricul
tural resources the Southern route fa so vastly
superior to the Central that it fa difficult to
institute n comn&rison.
There fa, to the bat of my belief, more
arable land on tho Southern route, between
the Babino and Brazos Rivera in Texas * dis
tance of some 175 mila of any given width-
ray 50 mila on each side of Uie road—than
there fa for a iiko width along the Central routo
from North Platte to Sacramento 1,480 miles,
yet the gross receipts of tbe two roads com
posing the central route for 1873 were equiva
lent In currency to $23,734,750- Thfa anm in
cludes the receipts of 473 mila of branches,
which probably amount to $3,500,600. Thfa
estimate would lave $21,234,750 a the gross
receipt* of main line, 1,907 mila in length,
being a trifle over $11,000 per mile. Will not
tbo Southern routo largely exceed thfa sum
per mile? I think ao. My convictions are
strong that tbe principal tonnage of the
Southern routo will seek tho short land
transit between good hsrbora.
If I am correct In this, Port Royal moat
become of the first importance. Asa harbor
itfa aid to be superior to any south of Nor
folk, and inferior perhaps to none on the
whole Atlantic CuasL In thfa expression and
connection we do not propose to ignore tbe
claims of the excellent harbor of Brunswick,
with its equal advantages' cf overland dis
tance.
Tbe opening of the Southern route to the
Pacific will infuse new life in the whole sys
tem of Southern railroads, and stimulate) tho
trade and growth of Southern trade-centra.
The subject of future trade-centres in the
South fa an interesting one, in which our city
fa deeply concerned. My theory touching
thfa subject will donbtless bo scouted by
many.
I hold that onr past experience jostifira the
conclusion that no leading Irade centre will
exist on tho Atlantic coist south cf Norfolk
during the life of the present end perhaps
succeeding generation. Tbe dtira of Charles
ton and Savannah are among the oldat
colonial settlements. They have had every
advantage which long established capital and
ample fadlltia of communication with the
interior and coastwise, would give. Added
to three they bad previous to the war bo
tween the Btatea, an advantage resulting from
the labor system, in directly controlling the
trade and exchanga of the more opulent
planters, thereby restricting tho interior
towns generally to tho small trade of the
poorer dasso. At the same lime they fur
nished tbo retail merchants of the interior
with their stocks. Only a few years
Charleston supplied a large majority of
merchants of Middle, Wratcm snd Northern
Georgia with their stocks of dty goods,
toots and shoes, hats, hardware and groce
ries. Notwithstanding threo advantages the
fo/some years prcceeSng'the war^whihfsa-
vannah by reason* of the extension ofradroaie
into Southwestern Georgia and Eastern Ala
bama, wu advancing with a Matter bnt alow
growth. The war dismantled Charleston,
blocked np the harbor and datroyed her
avenues of communication with tho interior.
Savannah, having sustained no serious injury,
promptly applied the mans for reopening
her avenna of trade, and absorbed largely of
the area before tributary to Charleston. Sa
vannah fa now the largest shipping port on
the South Atlantic couL The value of im
ports and exports throngh Savannah for the
cotton year ending Augnst 31, 1873, will
probably exceed $100,000,000. Yet the trade,
mannfaclnrira, and all other industries of
tho dty do not sustain a larger
white population than we now have in At
lanta. I sec no ground of hope for any con
siderable future increase. The main draw
back fa dimatic. The lack of immediate
local support by the interposition of a wide
belt of pine barrens between the coast and
good agricultural settlements fa another
serious drawback. Three Insuperable disad
vantages are common to all Booth Atlantic
ports. Again, the larger daas of ocean
stamers cannot enter the harbors of Charles
ton and Savannah. This fset must tend to
transfer a considerable share of the shipping
business to tho superior harbors of Fort
Royal and Brunswick.
Climatic canscfjwill even retard the growth
of interior citla of tho Sonlh, originally lo
cated with reference to river navigation.
ATCASTi’s ADVANTAGE.
What ore the prerequisites, then, for future
trade centers m the South? I answer, alti
tude atoTe the draining rivers sufficient to
reach a pore atmosphere, good freestone
as the agricultural and mineral resourca of
the Sonlh are certain tote further and largely
developed. What more do wenoedtogtvo
us a preponderance that shall insure this re
sult beyond p< rad venture?
“Let us surrey the field for a moment, com
mencing with the Western and Adamic
Railroad and swinging round by the north
and east to the Atlanta and Wat Point Rail
road on the aouthwat, we find five radiating
lina of railroad!, from and over which At
lanta draw* all of Its trade except a small
amount of wagon trado from the immediate
surrounding country. We find tbc angla
contained between then radiating lina to te
approximately thus:
Western and Atlantic and A. and R. Air-
Line, seventy-five degrees, A. and R. A. L,
and Georgia 45 degrees, Georgia and Macon
and Watera 60 degrees, Macon and Walern
and Atlanta and Wat Point 70 degrees, the
sum ot which fa 240 degree*,and thcaverege
00 degrees. This lei.ve* 120 degrees between
the Western and Atlantic and tho Atlanta
and Wat Point, bring exactly double the
average of the other angles.
Hero is this large angle confronting ns on
tho west, tho bisection of which points to
tho country of all others from which At
lanta would most naturally control tho trade
if directly accessible—pre-eminently supe
rior la resourca to the country traversed by
the four of tho other lina, and in some im
portant respects decidedly superior to that
traversed by tho Western and Atlantic Rail
road.
WHAT THE GEORGIA WKSTR1W WILL DO.
The Georgia Western will giro to our
merchants additional facilitia that will
eventually result In exten 'mg <hcir trado to
tho Mississippi River. Three facilitia em
brace quite 1,000 mila of railroads com
pleted and in progress, along which there are
no controlling markets. . It will give Atlanta
chap coal of excellent quality, cheapening
the price ot fuel for domatic purposes and
stimulating invatments in many brancha of
mannfactnring. It opens to Atlanta the
great mining fields ot Alabama, destined to
contain a dense industrial population, by a
shorter line than to any other leading market.
How important, then, that wc enter three
field* at an early day and giro direction to
tho trado during its growth.
Attantaitartcdout with an earnest purpose
to construct tho Georgia Western Railroad
sufficiently far to give a basis on which the
mortgago tends ot tho company could be
negotiated to complete iL Tho city has
mado a cash subscription of threo hundred
thousand dollars. Another of like amount
from the dty and tho payment of the Georgia
Railroad subscription will complete) and equip
tho first thirty miles. This consummated!
and I would feel that tho completion of the
whole line was assured. In this I may te
over sangaine, bnt I have never known a line
of equal strength in resources for business,
with a like basis of credit, fail to command
mans for its completion.
A farther subscription by tho cily is op
posed by a minority of our citizens mainly
on the ground of the burden of increased
taxation.
This subject should be fairly and candidly
stated. The individuals, comprising the
Board of Directors, are interested in common
with all of onr taxpayingdlizens in propor
tion to tho real atalo and pereonal property
held by each. They bavo no direct interests
to bo advanced by the constmction of the
Georgia Western Railroad other than is com
mon to all onr citizens.
The taxable wallh of Atlanta fa therrenU-
ant of the commercial, industrial and pro
fessional interests, built np and attracted
here by a common junction of four lines of
railroads. I do not include the Atlanta and
Richmond Air-Lino for the reason that tho
portion operated from Atlanta hu, as yet,
had only a small effect upon tho general in
terests of the city.
In las than three months hence this line
will bo opened through, when I expect to
see our merchants absorb a large share of the
trado tributary to the line between Atlanta
and Charlotte.
Bnt to relnrn to tho main subject: The
taxable wealth of Atlanta is assessed at $13,-
000,000 for real cstalo and $3,000,000 for per-
sanai property. If this is the result of four
roads, will not the Georgia Western, vastly
superior to the avenge of the four, gives
proportional resulL This 1J- per cent, the
present rate, will increase the receipts from
taxra $00,000. Add a like proportion fur all
othcraourcea of income, $20,000 and we have
$80,000 additional revenie without recreat
ing the ratcof taxation. By the time Georgia
Western an te opened through. Atlanta
will need 50,000 tons of coal per yar, and
this consumption will increase rapidly. I
have before shown that the Georgia Western
an lay down coal In Atlanta at $100 per ton.
Whether tho coal aH comes over the
Georgia Western or not. It fa evident that
tho prico must como to or below this stand
ard, aa I have allowed a margin of 50 cents
per ton in royalty and cost of mining over
what I believe will be the cosL The av-
averago price of coal in Atlanta for the
put two years hu exceeded $6 50 per ton.
Rating it at $6 60, without other sources of
supply, and we have a saving of $100,0C0
-eryear in tho item of fuel, which entcra
to the household expenses of every citizen,
and the cat of all articles manufactured
here—for whether coal or wood bo used, a
redaction in the price of the former will force
a corresponding reduction In the price of the
MINOR ADVANTAGES.
I might enumerate minor advantsgra
amonntmg to no inconsiderable yearly sav
ings. A cash subscription of $600,000 by
the city at tho present market value of her
bonds will entail a yearly interest of about
$60,000.
The length of time this Interest will run
without counterbalancing advantages, de
pends upon tho ratcof progress in construet-
ing the road to completion. It Is quite cer
tain that the completed lino will rapidly re
imburse tbe sum invested by tbe city though
the stock yield no dividend?. The growth of
business up to a dividend paying point may
require five years time. If economically con
structed and prudently managed, I see no
reason why it may not pay 8 per cent on
the whole investment.
The business of the Western and Allan! : c
Railroad will soon reach a gross it-
enue of $2,000,000 per year, even
with the active competition for tbc
kmgUuoogh business of lines now Ia proccs s
of construction. Onr line has superior re
sources, bnt not equal preicnt development.
In less than ten years from the diay of com-
1 delion I believe Its gross revenue will exceed
) &2.500.0GO per annum.
Events of the late past In the South have
been sufficient to depress any people on the
face of the earth; but we have prssed
throngh the thick darkness and there is light
ahead. There are unmistakable improve
ments and progress In all the healthier dis
tricts of the South.
WiaaixcTOji, Jalj2l.—Colonel Cliulti Caw, Re
ceiver of the First National Rank or New Orleeae, has
Jaat trrirod, and nport* to the Comptroller
of tho Coircncy that ho tat IntelU-
Renrc from Mcs-rs. Joans & JJyley, hie
solicitors to Liverpool thitthc Houoo of Lords haa
recently decided the loot if ft aeries ef chancery cun
in his favor, thus securing some $70.0 O more to tho
food for the general cieditors of tho bonk. Col.
Otoe icoy justly corgialala'.e him* If upon this
mult. When tho bank failed pome a)x
I aiece sundry creditors who had bought lta bill*
oa tho Dank of Liverpool, sought to eccureraiment
of thetr claims In fall by inat'tutlng proceeding* in
chancery in England, by which they hoped finally to
approprtite between $300,COO and $310,000 then on
deposit In tho Llveipool bank, upon tho theory that
there had been a rpcclflc appropriation of
a to pay the several bl.’a. As they
\ negotiated, they eccraed confident of
eucceea. and many other creditors and even acme
eminent lawyers were more than fjarfol that this
large anm would be lest to the general fund, bat Uie
receiver, tf.er e careful consideration of the heir,
concluded that the mna ought to be defeated, both,
becanao these facta did not warrant tho theory of any
Fpeclflo appropriation, and bccauis it was not
within tho powers of a national bank
to make inch an appropriation on a time
bill aa agalnac the conUr^ency of Its own Intaveulrg
inaolveccy; he resolved there fore to contest the case
and did eo. The decision of the Vice Chancellor was
adverse to him and he appealed, and some two years
alcco the Lord High Chancellor and tbnejadgea with
him sitting, pronounced eiab.rato ot lalona revers
ing th$ Vicc-Chanctllor's dtc.ee, aod decreeing the
money to bo paid the receiver.
All but two of the claimants acqulescod In this do*
dccrco. The so two, acting, as ts tinder stood, upon
tho advlco of J. P. Sc’ijimin, formerly United 8 ales
Senator, now a practicing bat riater and Queen's coo n-
cUin London, took an appeal to tbe lions a cf Lords,
thos tielng np fifteen thousand poneds of tbo funds
two years longer.
This appeal, after tho most iliborate argument on
behalf of the appellants, has Jsst been dismissed’wltb
costs, and the receiver, after six y«*re fighUcg from
the lowest to tbo h’gho st chancery tr.bumla In Eng*
land, ia finally tnccrsafol.
The Croat Alabama Indem
nity Fund.
In the transmlssloa of the A’tbama iudomnily fond
of $15.60 ‘,000 to the United BUlea the EngUah Gov
ernment availed itself of threo American banking
houses in London, J. s. Morgan A Go., Morion, Rest
A Co., and Jay, Ccoko, JlcCullongh & Co. Tho
bankers determined to transmit about ono half
throngh or Unary channels of exchange,* and
accordingly Morgan and Company have drawn
blUsfdl stout eight millions of dollars on n London
house and sold them. Tba* amount being placed to
tbe credit of England v*i th’s side, It ta not to Uie In
terest or bankers to tr nnnlt soy additional sale in
this way, bnt the balan .• is to bo sent over through
shipment of fivo-lwcn y londa to tbc amount or
$7,503,000, acoraldcrablo portion of which has al
t ady been obtained.
The transaction in exchange was managed quietly.
At the instance of the Chancellor of the Exchequer,
who wsa afraid of tho effect that \ uV.kiiy might have
o-the market, tho bonds will to uuced In’ogoliat
par, making tho foil amount or Ibe indemnity.
C/xcimuti, July 19 —Thera w/r» two deaths from
°holcra reported hero to-day.
That
Broken Trust Com
pany.
Faw Yota. Julj21 -Th. f. llo.Ioa ai.Ui. lata.!
facta and rumor, as b> tho afftiri or the Erookljn
Trust Company:
The capital sleek of tho company was half a million
dollars, but this, it is said, has been absorbed. There
la i 300,000 worth or what may be considered worthless
loans Tho defalcaUon of Mills Is between cm
hundred snd fifty Ihontand dollars snd <200,000,
and Mr. Rodman's loans sro thirty four thoutaod'dol-
lart, so the prorpoct of depositors realizing anything
for aometima is not considered wry enoonraglng.
Last Friday or Satnrday Mills stated to his son that he
felt worried about his accounts tn tho Trust
Company, that it waa overdrawn. Bis son
then a *ld to him, '’Father, yon htd 'belter
attrnd to that at once rs something might happen to
you. He repUed, I’ll look Into it right away. Hs
recording!/ made arrangements with a capitalist, a
relative, for aloan to cover his account with the trust
company, which was to have been negotiated Tscs-
day, the day or hit death.
Ills stated that threo months ago; Mr. Lowe re
signed the Vice-Presidency on the score of Ill-health.
A few we ks since It was an/ges'ed by Messrs. Chan-
cey, Rockwell, and others, that It would bo wdl to
Investigate the affairs of the company, in or*erlhIt
some decision might bo made aa to the Gso*gla Rail
road bonds andfbelr true value ascertained. Mijif
objected, and tiled to postpone the investigation, al
though at tho Umc no defalcation oo his part was sus
pected. In ths objection, he was supported by Rod -
man, the Secretary.
There appears to hare b-cn occasional discussion
among the directors, and a minority were called by
Mills & Rodman, ot the Mechanise On Mon
day last before his death, the former requested that
the investigation be postponed. Rodman says that
tbo President expectol to receive < .11.000 cm the fol
lowing day, and the directors are of tbe opinion that
on Monlay he found that ho would be disappointed.
When it was dir covered that im^ularlties
existed tbe aecreUr? admitted that Mills’ account was
overdrawn, but sty that seventy thousand dollars
would cover defalcation. Hesaldwheairregularlf.ee
commenced he remonstrated with Mills, who rrp’itd
Invariably he did not want to h»r anythin;; about ft
as it would be all right before long. The compiny
has a’so loaned small sums of money on doubtful
uy.
THE GOODRICH MURDER.
Ex*Geveni«rILewfl| wf JBarylani,
Employed, to Defend the
murderess.
Nzwr Yobk, July 21.—Ex-Governor Lowe aad D. P.
Thompson were today associated with WiLlamG.
Dewett for ths defense of Lizzie Loyd King
Kite Stoddard.
CHOLERA.
The Disease still Traveling:
Cincinnati, July 21.—Tkrre deaths from cholera
were reported to-day.
8x. Louu, July 21. - A dirpxich from Lcois’ana, ta
Northern Missouri, says eight deaths from cholera
occurred there between 8 asd 12 o’c’cck Let night
and great excitement prevails. Cn * Lcndr^d citUaas
are preparing to leave the place. The disease ie also
mid to prevail at Troy. Hannibal and other placet la
that part oftbeSUt*: