The Daily constitutionalist and republic. (Augusta, Ga.) 1851-185?, July 23, 1853, Image 2

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(CMtntMist K U ejrahlir. WTaMES GARDNER, TERMS: Dailvpaper (if paid in advance) ....per annum. .$8 CO Tri-Weekly (if paid in advance) per annum.. 5 00 Woekly (if paid in advance) per annum.. 200 f From the Atlanta Intelligencer , 21 st inst .] The Atlanta Bank. So much has recently been said, through Southern and Western newspapers, concerning the Atlanta Bank, that the subject has assumed a degree of importance sufficient to justify a somewhat extended inquiry into the facts of the ! case more extended perhaps than we shall have space to make in to-day’s paper. The nature of the subject, moreover, is such as to awaken public attention and should elicit calm, dispassionate, unprejudiced investigation, since there are few things in which the public may be supposed to have a deeper interest than in discouraging and avoiding unsound Bank is sues, on the one hand, and of sustaining a sound and reliable currency, on the other. We know very well that where the standing and responsibility of a Banking institution is brought in question, it is one of the first duties of an independent press, to ferret out and expose abuses where found to exist, but it is not less a duty to vindicate its character from unjust at tacks, so far as a plain statement of facts, and inferences fairly deducible from them, may con stitute a vindication. We enter into no thought . less and unqualified defence of the Bank—we wish it to rest entirely upon its own merits. We simply desire that perlect fairness be observ ed on all sides. And we assure our readers that so soon as any evidence comes within our knowledge, leading reasonably to the conclusion that George Smith & Co , intend to do a fraudu lent business, or any business not fairly within the purview of the charter, we shall be prompt to give it publicity through our columns and to denounce the institution in such terms as the safety of the public might require. At the time the Atlanta Bank charter w T as about being taken up, as well as since that time, we, together with other citizens of Atlanta, feeling an interest in the prosperity of the place, sought, and have continued to seek, all the in formation, from different quarters, necessary to a proper understanding of the responsibility, business character and privious history, of Geo. Smith, the principle stockholder. And in this connection, it is due to Mr. Smith, and the officers of the Bank, to say that they have shown no disposition to avoid investigation, but have rather courted the most rigorous scrutiny. From every direction in which inquiries were made the responses were entirely satisfactory both as to Mr. Smith’s integrity as a man, his wealth, and ability to redeem whatever issues of paper he might make in accordance w 7 ith the provisions of the charter. Accordingly we could not help looking with suspicion upon the vague yet virulent attacks which w’ere made upon Mr. Smith, and the Atlanta Bank, especially when these assaults were most vigorous in quarters from whence opposition and embarrassment thrown in the way of any Bank which might be located at this point, were generally expect ed by our citizens, even before the chapter was taken up by the present stockholders. Indeed if we look to the localities in the West and in this State, where these assaults have been fier cest, it is easy to see that local interest and pro fessional jealousy are both most zealously enlist ed on the side of the attack, and this, in our opinion, is the great moving power in the op position. In answer to inquires addressed to the Presi- ; dent of the American Exchange Bank, of New j York, one of the oldest and most reputable Banking Institutions in the United States, the following letter was received : American Exchange Bank,! New York, March 14, 1853. ( Dear Sir :—Your letter dated 9th inst., is re ceived. You inquire the ability of George Smith to carry out the requisition of a Bank charter, but do not inform me what those re quisitions are. I however state with pleasure that Mr. Smith is represented to be a wealthy j man, and I have no doubt of the fact, and believe him fully competent to carry out any under taking he will engage in. Respectfully, D. Leavitt, President. In answ'er to inquiries of a more recent date, the following letter has been received, which we copy entire : Office of Messrs. Duncan, Sherman &) Co., Bankers, N. Y., June 27, 1853. ) Dear Sir:—ln reply to yours of the 23d inst., we beg to say that the writer has had the pleas ure of knowing Mr. George Smith, about whom you enquire, for many years past—has had ex tensive Banking transactions with him during that period—has had opportunity to know much of the extent and character of Mr. Smith’s business, which to his knowledge has been Banking entirely, and of a nature to be of im mense convenience and value to the localities in Illinois and Wisconsin, where his Banking offi ces are established. We believe Mr. Smith to be possessed of a large fortune—a gentleman of perfect straight forwardness in business transactions, of great experience and sagacity, and abundantly good, in our estimation, for all engagements he will be likely to contract. Your ob’t. serv’ts., Duncan, Sherman & Co. Such testimony as the above from probably the wealthiest private Banking House in the Union—a House whose circular letters of credit are bankable in every part of the civilized world, should, and will with reflecting men, re move whatever doubts may have been excited as to the character and ability of Geo. Smith, by the abusive newspaper paragraphs which have been set afloat in order to prejudice the public mind against the Atlanta Bank. Communications from other sections have been fully corroborative of all contained in the letter quoted above. The citizens of Atlanta have reason to con gratulate themselves, we think, that so w’ealthy and able a financier has located a Banking House among them, and have good grounds for assurance that the institution will be conducted legitimately and with a due regard to the inter ests of the place. The responsibility of Geo. Smith is so well known among financial men, that very little has been seriously t said against him in this respect, the assailants confining themselves principally to intimations of fraudulent intentions. This is an exceedingly vague and indefinite charge. It might be brought against the most pure and honorable man in the w’orld and be impossible to disprove, except so far as clear record of his past life should serve as a guarantee that his fu ture acts W’ould be equally correct. The revil ers of Geo. Smith have not descended at all to particulars. They have not pointed to a single act in his life that they pretend has been fraudu lent. All the fraud lays in the future. He has been doing an extensive Banking business all his life and has never been detected in anything like fraud, but he is going to perpetrate lraud sometime hereafter. Well, we are disposed to hold every man innocent until he is proved guilty,Jinstead of reversing the old principle, as we are required to do by Thompson and oth ers. But let us glance briefly at the past career ot Geo. Smith, and see if he is a man whose acts have been of a character to excite distrust. A Scotchman by birth, he seems from all ac counts to combine in a marked degree, the char acteristics of his nation—caution, discretion, and sound common sense. He settled in the North- West, at an early day, when that region had little wealth and no credit. The vast resources of that country only required capital and credit to be fully developed, and to make it one of the most prosperous portions of the Union. Mr. Smith accordingly opened Banking Houses in Chicago and Milwaukie. By the exercise of prudence and foresight which were extremely necessary in the state of society at the West, he not only added largely to his own fortune, but contributed greatly, by the Banking facilities he was enabled to afford to the developement of the natural trade and commerce of the country. His operations steadily increasing, he carried on for many years almost the entire Banking busi ness of Illinois and Wisconsin. The North west gradually grew in wealth and credit, and it is believed by many in that section, that had it not been for the facilities afforded by Mr. Smith, those States would have been many years behind their present position. Geo. Smith’s circulation in 1847-8 is supposed to have been about two millions of dollars, widely scattered not only throughout the States of Illlinois and Wisconsin, but in portions of Michigan, Indiana, Missouri and lowa. About this time a charge was made against bim in Thompson’s Reporter, and re-published in the Western newspapers, that he was not personally liable for this im mense circulation, and that he would some day quit the country and leave his bill-holders in the lurch. On this the greatest excitement and alarm spread over the country, which was fol lowed by one of the heaviest runs ever made on any Banking institution in the U. States. The anticipations of his enemies were not fulfilled, instead of closing his doors, and refusing to re deem his issues, he at once advertised that for tne convenience of the public he would keep them open several hours in each day longer than usual. Day after day his bills were poured in upon him from every direction, and in less than a fortnight, it is said he redeemed nearly a mil lion and a half of his circulation. Considering that this storm came upon him suddenly and unexpectedly—that his Banking Houses were far distant from any point where gold could be readily obtained, or where his assets could be converted into money, we can not help lo king upon this achievement as one of the greatest triumphs in the annals of Bank ing. It was so looked upon at the time. The Western press and the public were loud in their laudations of the man who had passed through such an ordeal and come out unscathed. The name and credit of George Smith were estab lished and his issues once more circulated freely, the people at the West regarding them as safe as the notes of any Bank in the Union. We find in “Kennedy’s Western Review and Counterfeit Detector” for the present month, published in Pittsburgh, an article referring to this same affair, which agrees with our own in formation, except as to the amount redeemed, which is placed too low in the “Review.” We give the article entire : “ Thompson’s “ New York Reporter” is put ting its best licks into George Smith and his bank at Atlanta. In the last number there are no less than eight paragraphs in refer ence to that concern, every one of which is more or less depreciatory. Now, we recollect when Tom, Dick and Harry, and the whole West, made an onslaught on the Wisconsin Marine and Fire Insurance Co ., of which Smith was the principal manager and owner, and were determined to run him to the girth, that George stood up to the rack like a man, and never flinch ed from the payment of every liability present ed, to the amount of $600,000 or SBOO,OOO. In short, he went throghthe ordeal triumphantly. If there have been any streaks of poverty or de falcation in Smith’s cdbrse. since then, we do not know it; and if he chose to subscribe for the whole of the stock of a bank, recently and le gally chartered by the State of Georgia, and thus cut out Thompson, perhaps, and a num ber of others, from doing just what he (Smith) has done, we can’t see the propriety of raising the hue and cry of mad dog and swindling. If all that Thompson has said about Smith, were said by Smith and others about Thomp son and the banks he is concerned in, there would be a good deal of ill humor in the cellar at the corner of Broadway and Wall streets.” Unluckily for the disinterestedness of this man Thompson, the publisher of the Bank Note Reporter, whose attacks have been so frequent | and virulent, and who is novv sued by Mr. j Smith for libel, it appears he is more directly concerned in whatever may turn out to the pre judice of Geo. Smith, than he is willing to tell us in his Reporter. Some ten or twelve months ago, Thompson established his son-in-law, as a Broker in Chicago. Prior to this settlement ot his son-in-law, the Bank Note Reporter duly quoted all Smith’s Banks, including the old Wisconsin and the Bank of America, in Wash ington, but since then he not only drop 3 these, but refuses to quote the Atlanta Bank, although regulary incorporated and having similar condi tions and provisions to other Banks ot this State, for the security and protection of the bill holders. The inference is natural und reason able—the Detector and his son-in-lew find Smith & Co. a thorn in their side, too well es tablished and too wealthy, and must be injured some w T ay or another. Hence his attacks upon the Atlanta Bank, and his efforts to prejudice the public mind against its issues. We might go farther and inquire as to this Wall-street Broker’s (Thompson’s) connection with the “National Bank” in Washington City, byway of show’ing the character of the man, w’ho has set himself up as an abuser not only of the At lanta Bank, but all the Banks in Georgia, as well as our State Legislature. But we will re serve this for some future occasion. Mr. Smith is owner of the Bank of America, of Illinois, and the Marine & Fire Insurance ! Bank of Wisconsin, both organized under the respective Free Banking laws of these States. His fortune is made, but being an enterprising man, he must find employment for his capital, and no reasonable man will blame him for seeking w’hat he considers a good market, and locating a portion of his wealth in Atlanta. We ' have no doubt that he will do a legitimate Banking business at this point, to the full extent of the business requirements of the locality. If he chooses to circulate a portion of his surplus issues in the West, or anywhere else, where he has cradit. it i ssimply doing what every Bank in the Unisn w'ould do if it had the credit to make its issues circulate. To bring the matter home—do not the Banks in Georgia and South Carolina have agents for the circulation of their j notes, not only throughout these States, but in the Stages of North Carolina, Tennessee, Ala bama, Florida and wherever else they may have credit? j Within a year past a large number of petty | Banks have sprung up in Illinois and Wiscon j sin. under the new Banking laws of those States, j They naturally feel jealous of the mamoth in ' stitutions of George Smith, and have got a num j ber of the press to side with them, in the work of endeavoring to destroy the public confidence w’hich is so strong in his favor. But their at tempts, though carried on with vigorous perse verance, have proved futile. Asanevilence of this we observe by the Chicago Democrat, that the Banks of that city, the merchants and citi zens are now taking the Atlanta bills freely. In conclusion we would call the attention of readers to the notice of the Atlanta Bank in our advertising columns, by w’hich it will be seen that the institution is opened and prepared for Banking business. It will be seen that the bills are redeemable in New’ York at three fourths of onepercen. discount, or one-fourth per cent, less discount than the bills—of any other Bank in Georgia. Cost of Railroad Transportation.— We gather a number of estimates as io the cost of transportation on railways from the American Railway Times, which will be found interesting The Times says they were prepared by one of the most experienced and intelligent managers, and Hunt’s Magazine adopts them on this au thority. Cost of Running a Passenger Train , with forty Passengers , 100 Miles. Locomotive power, at 20 cents per mile S2O One passenger car, (60 seats,) at 2 cts per mile, 2 One luggage car, at 2 cts. per mile (too high) 2 One conductor, $2 per day; 1 brakeman, sl, 3 $27 Receipts on 40 passengers, at 2i cents per mile, 100 Net income, $72 The cost of a train with 82 passengers, at 1J cts. per mile, is estimated at $29, the cost of one additional car, at $2, being added ; the receipts at $lO2 50 makes the net profit $73 50. The cost of a train with 120 passengers is the same, with the addition of one car, at $2, ma king s3l; the receipts, at one cent per mile, ma king the net profits SB9. The Times adds: “ A large engine will draw on any road, not exceeding forty feet grade, one hundred tons, in addition to the cars; and as our een passengers, with their baggage, are usually estimated to be a ton, a full train of cars, w 1 w o hundred and forty passengers, amounts to only seventeen tons. The difference in fuel required to draw one or three cars is so small as not to be susceptible of calculation “ freight also can be cabled cheap on great thoroughfares where there i s plenty of it, has already been demonstrated. The Reading road carries coal one hundred miles for one dol lar per ton, although the cars go back empty" The Baltimore and Ohio road have also contrac ted to carry coal two hundred miles for two doll lars per ton.” “In Death they were not Divided.”— Yesterday, a pretty little boy, scarcely five years old, while playing on some logs in the Hamburg canal.suddenly slipped and feh into the water; his little sister, a brave child ten years old, being near, and seeing him sinking, flew to his assis tance, and throwing herself fearlessly into the canal, struggled to save her perishing brother. Alas, a two-fold fate was there for them. The poor boy sunk for the last time, and his noble sister was herself drowned in her fruitless efforts to snatch him from a watery grave. —Buffalo Republic , 28 th ult. Cnnstitutumaliot& lUputilir. AUGUS rjr A GA SATURDAY MORNING, JULY 23. FOR GOVERNOR, HON. HERSCHEL V. JOHNSON. Os Baldwin County. The DeKalb Democrat. T his is the title of a campaign paper, about to be issued at Atlanta, by Mr. W. B. Rug gles. We publish his proposals as follows, and cordially commend the enterprise to the Demo crats of the State. The DeKai.b Democrat.— A Campaign pa per.—We propose to publish a paper with the above title, until after the election in Oc tober next. The first number of the Dem ocrat will be issued on Monday next, the 25th inst., and its publication will be con tinued weekly thereafter, for twelve weeks, closing on the 10th of October. It will be devoted to State and National poli tics, generally, and to the affairs of the Fourth Congressional District particularly. It will zealously endeavor to strengthen and advance the cause of Democracy, in its advocacy of the election of Hon. Herschel V. Johnson, for Gov ernor, and the election of Wm. B. W. Dent, the regular nominee of the Democratic Dis trict Convention, for Representative in Con gress. To the editorial columns of the paper a number of strong and reliable Democrats and able political writers w r ill regularly contribute. The subscription price of the Democrat will be merely nominal. We propose to publish it at so low’a price that every man in the Dis trict may have an opportunity to read its col umns. The Democrat will be furnished at the fol lowing rates for the compaign : 1 Copy 25 cts. 0 “ (to one address,).... $1 00 12 “ “ 2 00 20 “ “ 3 00 50 “ “ 0 00 Let our Democratic friends, in all parts ot the District, at once make up clubs and send on their names! The time is short and we should im prove it, by entering heartily and earnestly into the w’ork before us. We can achieve a triumph worthy of Democracy, but we must work ! All letters and communications should be ad dressed, post-paid, to W. B. Ruggles, Publisher. The Algerine Law. The last Macon Telegraph propounds to the editor of this paper the follow’ing question : “ The Messenger has called Mr. Gardner of the Constitutipnalist into court, and we are glad of it. He is a valuable witness, and since he has been summoned, we will venture to ask him a question. Did not the people of Augusta hold Mr. Jenkins equally responsible with Mr. Mil ler for the Algerine Law, and did they not de feat him in ’42 on account of it 4 The Messen ger has called Mr. Girdner, but we have a sus picion that it will repent it in sackcloth and ashes. We are willing to have our statement adjudged by him.” The information here sought of us is already before the public, furnished by Mr. Jknkins’ own political friends, and our testimony would only be cumulative to theirs. We will, how ever, answer the question to the best of our re collection. We answer that the people of Augusta did hold Mr. Jenkins equally responsible with Mr. Miller for the Algerine Law. In the canvass of 1842, Mr. Jenkins assumed his full share of the responsibility for the law, and did not at tempt to throw on Mr. Miller any greater portion of it, than he took upon himself. Nor did Mr. Miller claim for himself any greater share of the responsibility than Mr. Jenkins manfully and boldly assumed. In fact the share of the burthen assumed by Mr. Jenkins was rather heavier than that of Mr. Miller, as the result proved ; for Mr. Jen kins defended and justified the law, as just, ex pedient and proper, and expressed himself as adverse to its repeal. Mr. Miller contented himself by placing his advocacy of the law and his instrumentality in its enactment upon the supposed wishes of his constituents. He express ed himself as willing to have it repealed, and did not in the canvass contend that it was just and right in principle or in detail. On this point he did not commit himself—at least did not do so as positively as did Mr. Jenkins. This dif ference between the two gentlemen may per haps account for the difference in the result. Mr. Miller was re-elected—Mr. Jenkins was defeated. The Algerine Law was the issue of the can vass of 1842, in Richmond county. Mr. Mtller and Mr. Jenkins were both Whigs, and occu pied the same positions on political questions as between Whigs and Democrats. We therefore do not hesitate to say that Mr. Jenkins was de feated in 1842 on account of his position on the Algerine Law. An Emeut ax the Crystal Palace Ban quet.—There was somewhat of an emeut at the New York Crystal Palace banquet on Friday night. It appears the managers provided empty tables for the reporters of the press, far away from the edibles, at which they rebelled and un til oneof the press interposed, there was no prospect of a single report’s remaining to im mortalize the speakers on the occasion. At last, however, twenty-five seats were reserved in an honorable part of the hall, where the eating and drinking was most free; and then the reportorial pen moved briskly enough. Mr. Sedgwick made the thing public by apologising in his speech prefatory to his toast to the press. And, by the way, it is said it was exceeding hard work to choke down the indig nation that rose spontaneously, when the Presi dent ofthe World’s Fair Association patted the New York press on the head, and commended it for not levying a dollar of black mail on his es tablishment—the most inevitable advertisement o( his opinion that black mailing was one of the common institutions of the press. Mr. Ray mond, of the Times, v* ho replied, thrust a small sharp stick into the President’s (Sedgwick) side therefor, which seemed to delight the entire audience. Rev. Dr. Ives.— The statement that the Rev Dr. Ives, late Bishop of the Diocese of North Carolina, was about to be ordained a priest in the Catholic church, and that the Pope had in formed him that he must separate from his wife, is positively contradicted by the Freeman’s Journal. As regards the separation, the Journ nal says, such a thing is not likely to find favor any where in the Catholic church. The Journal also publishes an extract of a letter from Dr. Ives to the Rev. Dr. Forbes, of New York, in which he alleges that an account had been made up against him in North Carolina, and a process served upon his library and Mrs. Ives’ personal articles left behind in that State. He further says : “ All I ask in this life is to have my dear wife side by side with me at the altar , and some sit uation, however low, however obscure, where I can keep her above positive want.” Famine in India.—Wholesale Mortality. A late number of the Bombay Times says: M e have famines occurring almost decenial y, some of which, within our time, have swept neir millions away. In 1833, 50,000 persons in he months of September, in Lucknow ;at Khanpoor 1200 died of want; and £500,000 sterhng were subscribed by the bountiful to re heve the destitute l n Guntoor 150.000 human be 'i ng Qon , bullocks ’ 159,000 milch cattle, and 300.000 sheep and goats, died of starva tion. Fifty thousand people perished in Mar- war; and in the Northwest provinces 50,000 human lives are supposed to have been lost.— The living preyed upon the dead; mothers de voured their children ; and the human imagina tion could hardly picture the scenes of horror that pervaded the land. In twenty months’ time, 1,500,000 persons must have died of hun ger, or of its immediate: consequence.” | Correspondence of Constitutionalist 4- Republic. 1 Commencement at Oxford. Mr. Editor: —Sojourning for a few days in this pleasant village, it may not be uninteresting to your numerous readers to furnish them an account of the commencement exercises at Emory College, (now in progress.) From the present dates a new era in her his tory. The institution is no longer crippled in its efficiency by want of funds to desseminate its blessings more extensively, and to a greater number. It is now established upon a perma nent bas s. The commencement exercises com menced on the Sabbath of the 17th inst., with the dedication of the new College Build ing, with appropriate religious services, by the Rev. Bishop Capers, and the building is without a rival in the State, for the spacious ness, magoificence.and adaptation of its structure. Its foundation is of granite, and the building constructed of brick, surmounted with a cupalo 107 feet high, its chapel having the capaci ty of seating three thousand persons. At a meeting of the Board of Trustees on Monday, the 18th inst., the resignation of Dr. Alexander Means (who has accepted the Presidency of the Masonic Female College at Covington) was re ceived and accepted, and Professor Darby, of Culloden, Ga., elected to fill the vacant Chair, a position for which he is preeminently quali fied. Professor Darby has been long and favor ably known to the friends of education in Geor gia as a proficient and distinguished instructor, and his services are regarded as a valuable ac quisition to the College. Monday evening, there was an exhibition of de clamation by the Sophomore Class, who acquit ted themselves handsomely,evincing a proficency in the art of declamation rarely attained at so early an age. Prizes were awarded to Mr. Muse, of S. C., and Mr. Rylander, of and presented by Prof. L. M. Smith, in a taste ful address delivered in a manner to intently engage the attention of the audience. Tuesday mornings was the exhibition of the Junior Class, the speeches of which were quite creditable to themselves and commendable for the moral tone that pervaded the whole. In the afternoon the audience had the pleasure of listening to a speech from the President, Rev Dr. Geo. F. Pierce, who invariably attracts a crowds. The Doctor’s was a theme with which his friends have become familiar, the collection of money for the completion of the payment for the new College Building and other necessary expenditures ol'the College, and certainly no man has a greater facility in unloosening the purse strings of his friends. A proposition was made by the eloquent speaker to be one of ten to give one hundred dollars each to the College, which proposition was immediately responded to by the Hon. Robert Toombs, with a subscription of four hundred dollars,and in the space of a few minutes a collection of twenty-five hundred dol lars was made from the audience present, thus realizing the most sanugine hopes of the speaker. In the evening at 7| o’clock, an address w'as made before the Alumni of the College, by Mr. H. R. Harris. The effort fully sustained his reputation, as an agreeable and talented speaker, and was characterised by a practicability of sen timent and appropriateness. Wednesday , the 20th inst., commencement dayi the exercises opened with the Senior exhibition, the speeches of which class, showed a range of thought and purity of style, that would have done honor to older heads. This class is con sidered one of the most promising that has ever left the walls of Emory College. The Bac calaureate of President Pierce, was after the manner of his unsurpassed style , after which the Degree of Master of Arts, was conferred on Messrs. A. W. Rowland, Geo. Y. Banks and others, and the Degree of Doctor of Divinityi on the Rev. B. Jenkins, Missionary from the Methodist Episcopal Church South to China. At 4 o’clock in the afternoon, the audience again as sembled, and were delighted and instructed with a speech from the Honorable Robert Toombs. Although many were disappointed with the subject of the speech, all awarded to it the praise of being replete with interesting information much needed at this particular crisis of public affairs. Then closed the commencement of Emory College, with its auspices never so bright at any former period of its existence—perhaps no College for the same period of its existence; and the number of its graduates, has enriched society with riper scholars and more useful citi zens than Emory. May she live (as she doubt less will,) to extend her usefulness in an increased and tenfold proportion. b. Oxford, July2otn, 1853. Good Fortune. —About six months ago a young man in this city, cashier and book-keeper in a house engaged in the Western produce busi ness, had placed to his credit on the books of his employer the sum of SIOO. That was all the capital he possessed in cash. He had been two years in the house, however; w'as industrious, steady and persevering; understood business; had the confidence of his employer, and the prospect of speedily becoming that person’s part ner. The employer, at the time mentioned died, while on a tiip to the north. On opening his will, it was found that he had left to the yonng man the duty of settling his estate, f aying a number of legacies, &c. The youug man had the business of the house left him, and the sum of S2OOO cash. As the fortune of the deceased was in money deposited in bank, and the estate was not in debt, the succession was soon settled. After 6 months labor at the head of the house, the young man who had only SIOO, finds that he has made $9,000 profits, and is possessed of as handsome a bnsiness as could be desired. — N. O. Picayune. Divorced. —The Richmond Enquirer says that in April last, a decree in divorce from the bonds of matrimony was granted by the Court of Common Pleas of the city and eounty of Philadelphia, Pa., to John Tyler, Jr., Esq., from Mrs. Martha F. B. Rochelle, of Southampton county, Va. We understand that an individual named Dan iel T. Shepherd, voluntarily delivered himself yesterday morning, to Sheriff Yates, confessing that he had killed one William Hodge, at St. James, Santee, in an affray which occurred there on the 14th inst. He was committed by H. W. Schroder, Esq , to await his trial at the next October Term of the Court of Sessions.— Charleston Courier , 22 d iust. Washington, July 18. The action of Mr. Marshall, in relation to the Chines rebellion, displeases and embarasses the Administration much more seriously than is generally understood. Mr. Walker has entirely recovered, and was to leave on the 20th of Sep tember for China, but the steamer Princeton has turned out an utter failure. The Government, at the present moment has but one vessel at command for the purpose of conveying Mr. Walker, the Saranac, and it is said that she can not be got ready much before December. It is now thought that the Fishery question will not be disposed of before the session of Congress. A new element is said to have turned up to delay negotiations. The Congressional Library is finished and furnished in splendid style. The transfer of books will commence immediately. Gov. Troosdale, Minister to Brazil, is here. Boston, July 17. Hon Phineas Sprague, a well known mer chant of this city, and formerly a State senator, died suddenly this morning at his residence in Cheßtnut street. , BY TELEGRAPH. Reported lor the Constitutionalist Sc Republic. Charleston, July 22, p. m. Cotton.— The sales to-day amounted to 1,000 bales, at from 10 to 11 cents. Prices full. I Telegraphed for the Baltimore Su«.] Arrival of the Steamer Franklin.—Four Days Later from Europe.—The War Prospect. New York, July 19. The steamer Franklin, from Havre and South ampton, arrived this morning, bringing 86 pas sengers. and Liverpool dates of the 6th inst. The Sovereign of the Seas anchored in the Mersey on the evening of the 2d. The Canada reached Liverpool on the 3d. Vanderbilt’s steamer yacht North Star, arrived at Havre the day the Franklin sailed. j Among the passengers by the Franklin are Wm. H. Babbitt, bearer of despatches, and the Princess Murat. England.— The intelligence from England is unimportant. The weather about Liverpool continued fine. The ship Shakamaxon had arrived from Aus tralia The Queen was to hold a review of the great fleet at Spithead on the Bth inst. The quarterly revenue return, issued on the sth showed an increase of £1,000.000. Turkey and Russia. —The intelligence from the East is decidedly warlike, though, notwith standing the threatening aspect of affairs, there are some who hope for peace. A despatch to the London Times, dated Vienna, July 6th, states, that the Russians had crossed the river Pruth at two points for the purpose of occupying the principalities of Wallachia and Moldavia. A protracted cabinet council was held at Lon don on the 2d instant, at which it was said to be decided that the French and English fleets v, T ere to enter the Dardanelles as a counter move to the hostile demonstration of the Russians. It wa9 thought, however, that negotiations w r ould con tinue even after the occupation by Russia of the principalities. The report in London on the 2d, that the Rus sians had entered Jassy had caused a panic in the London Stock Exchange. The rumor was denied by the Austrian Minister on the 4th, but was still believed, owing to the fact that the Paris Moniteur had announced the receipt of an official despatch from St. Petersburg decreeing the occupation of the Danubian provinces. The warlike preparations of Turkey are con tinued on the most extensive scale. The un furling of the Sacred Banner of Mahomet will be the signal for the rising of the Mahommedan tribes from the Red Sea to the Caspian. At the Arsenal of Constantinople 44 vessels were being armed, and the militia of Constantinople had been ordered out. The Prince of Servia had offer ed to place 45,000 men at the disposal of the Sul tan, and a similar force was being raised in Al bania. It was stated that the occupation of Moldavia by Russia had caused Austria to unite cordially with France and England. Prussia maintains her neutrality. Count Gayluse was to leave Vienna on a spe cial mission to St. Petersburg in regard to the Turkish question. The Emperor of Russia had issued a manifesto on the 26th of June, denying that he wishes war, and throwing the whole blame if one comes upon the Ottoman Empire. Markets. Liverpool , July 6.—Wright k Gandy say that there has been much excitement in the market for Breadstuffs. and prices have advanced on all descriptions since the Arabia. Wheat continues active at 7s. 9d. a Bs. 3d. for white, and 7s. 3d. a 7s. 6d. for red. Flour was largely dealt in at 265. 6d. a 275. for Western Canal, and 28s. a 295. for choice brands Baltimore and Philadel phia. Corn was more saleable at 31s. for yel low, and 325. a 325. 6d. per quarter for white. The imports of all articles were heavy. Maxwell’s Circular of Tuesday, July sth, quotes an advance of 2s 6d. per bbl. in Flour; 2s. per quarter in Corn ; 3d. a 4d. per bushel in white Wheat, and sd. a 6d. in red, since that day week. Cotton—The sales of the last three days amount to 25,000 bales, of which speculators took 5,000 and exporters 6,000. There is a bet ter feeling, and a slight improvement in mid dling qualities. London Markets , July s.—ln consequence of the Turkish question wheat of all kinds is firm, 4s. to ss. higher; flour Is. to 2s. higher, and corn 2s. per quarter higher. Tallow has advanced to 535. Trade at Manchester and Birmingham has improved. The woolen districts are steady. Irish Linens show an increased activity. Consols closed at 98J. Money in good sup ply at rates under 3 per ct. SECOND DISPATCH. New York, July 19, P. M. Manifesto of the Russian Emperor—lndications of Peace at St. Petersburg—The Crossing of the Pruth. The Franklin brings 300 tons of merchandise. Among thp passengers, in addition to Princess Murat, are the Hon. Neil S. Brown, of Tennes see, late Minister of the United States to Russia, Mrs. Commodore Hall, Miss Hart and Countess de Goguy. The Franklin lelt Cowes at 6 o’clock, A. M., on the 7th. The report that the Russians had crossed the Pruth is confirmed. The rumored entry of the Russians into Jassy is false. The Emperor, however, had issued a decree declaring his intention to occupy the provinces. Russia —The following extraordinary and highly important Russian manifesto reached London on the sth. Manifesto. —“By the Grace of God, we, Nicholas 1., Emperor and Autocrat of all the Russias, Czar of Poland, &c., &c., inform all people: “Be it known to our beloved faithful subjects— the defence of our faith has always been a sa cred duty of our blessed ancestors, tiom the day it pleased the Almighty Fathers for the mainte nance of our holy obligations with which it is inseparably connected, has been the object of our constant care and attention. There, acting on the ground-work of the famous treaty of Kain,adjii, which subsequent solemn treaties with the Ottoman Porte fully confirmed, have been directed toward upholding the right of our church. “ But to our extreme grief in latter times, not withstanding all our efforts to defeat the inviola bility of the rights and privileges of our orthodox church, the numerous and wilful acts of the Ot toman Porte have inlringed upon these rights, and threaten finally the entire overthrow of all that ancient discipline so precious to the ortho doxy. “All our efforts to restrain the Porte from such act have proved vain, and even the word of the Sultan, solemnly given us by himself, is soon faithlessly broken. Having exhausted all the means of conviction—having in vain tried all the means by which just claims can be peaceably adjusted,we have deemed it indispensable to move our armies into the provinces on the Danube, in order that the Porte may see to what his stub borness may lead. But even now we have no intention of commencing war. In occupying those provinces, we will hold a sufficient pledge and guarantee for ourselves for the re-establish ment of our rights, under any circumstances whatever. “Conquests wejdo not seek for. Russia does not require them. We seek to vindicate those rights which have been so openly violated. We are even yet ready to stop the movements ot our army if the Ottoman Porte will bind itself sol emnly to respect the inviolability of the Ortho dox Church; but if obstinacy and blindness will it otherwise, then, calling God to our aid, we leave it to him to decide the quarrel, and in the full confidence in the right hand of the Almighty we shall move forward on behalf of the Ortho dox faith. “ My success would render the Government more popular than at present with the Musco vite party, which is not now attached to the former by any good will. “Given at Peterhoff’s twenty-sixth day of June, in the year of the birth ot Christ, 1853, and our reign the twenty-eighth. “ Sealed at Senate, St. Petersburg, the twenty sixth of June, 1853. “ Signed,” Nikolai.” The latest telegraphic despatch, dated Vienna, July sth, states that the Pruth was passed by the Russians at Devva, by a corps destined for the occupation of Walachia, and at Skouliany by a corps which was to invade Moldavia. Gen. Gortschakoff was to arrive at Bucharest on the sixth. Peaceful Appearances. —A letter from St. Petersburg, dated June 15th, says : “To judge by the aspect of society here, there can be but little intention of involving the State in war at the present moment. It is true it is far enough from here to the Danubian principalities for our troops to have passed the irontier, and we to be living here in blissful ignorance of the fact. A number of high officials have received leave of absence, in pursuit of health and pleasure, and every thing at court betokens profound peace. There is at least an absence of war and wars alarms. But the old Russian party is working away be neath the surface, and is endeavoring to work up an interest for the orthodox: faith in Turkey. It is this party —the old Russian—the Sclavonia. properly speaking—that Prince Mdnschikoff leads, as Count Nesselrod, the so-called German party.” Turkey. —Letters from Constantinople, under date of June 2d, says :—ln a month more the Porte will be able to have on foot 250 000 men. M. Deßruck, of Austria, is actively engaged in the work of conciliation, and is endeavoring to have hi~ government as mediator. There are extensive movements in operation among the English and French. Every day the discharge of cannon announces some new arrival. The English steamer Retribufion left this morning to take up a position with the Turkish fleet at the mouth of the Black Sea, and two Admirals are momentarily expected. Important intelligence has been received from Servia which states that the Prince offers 45,000 men—of whom 15,000 are for the protection of the fortress of Belgrade, and 30,000 for that of the frontiers of the principality. Gold is being coined in great abundance at the Mints in Turkey, and four machines are at work day and night. Four ships are being fitted out for immediate service at the arsenal. The Redifs of Constantinople have received orders to muster. Sanitary intendance has been abolished at quarantine. The English Ambassador received a dispatch on Friday, the 17th inst., brought by hand, and on the following day a courier left. The Journal at Constantinople opines that should a collision occur, Admiral Dundas would have chief command of the fleet,and some French General any troops which might be landed. The correspondent of the Trieste Zeitung writes that the Turkish fleet in the Black Sea numbers 1,000 guns, and the Russian fleet in the same sea 1,500. According to the Turkish accounts 40,000 vol unteers have already reported themselves. The Turks are laboring hard, erecting block houses on the heights which command the en trance to the Bosphorus from the Black Sea. Arrival of Steamer Europa.—Four Days Later from Europe. Hylifax, July 10. • The steamer Europa has arrived, bringing Liverpool dates ot July 9th. The steamer Arc tic arrived at Liverpool on the 6th, at noon. England.—Parliamentary proceedings were uninteresting. Lord Clanricarde’s motion for information concerning the Turkish question had been postponed as premature in the present state of negotiations. It was rumored that Lord Aberdeen was about retiring from the cabinet in consequence of violent divisions on the Turkish question. It was subsequently rumored that the difficulty had been patched up. Messrs. Ansfall and Liddell, Conservatives, have been elected to Parliament from Liverpool. Mrs. Stowe has gone to Geneva, where she will remain some time. A Dublin paper says that Smith O’Brien was residing at New Norfolk ; John Mitchel at Richmond, and Doherty at Hobart town—all well. France.—Several arrests of armed persons took place at the opera on Thursday night. This was greatly mangnified on’change, as an event of importance. Markets. Liverpool , July 9.—The Arctic’s news had no effect on the cotton market, Prices of fair and middling grades were slightly better, but lower grades were not so firm. The sales of the week amounted to 55,750 bales, of which speculators took 3.500 bales. The quotations were fair Or leans 6L, middling 6sd.. fair Mobile 62d.. fair Uplands 6fd.. middling Uplands and Mobile 6d. Breadstuffs opened active, but prices declined towards the clo c e. though large transactions were still made. Speculators operated largely. Denniston quotes white wheat at 7s. 7d. a Bs.; red and mixed 6s. 9d. a 7s. 7d. Canal flour 27.; Philadelphia. Baltimore and Ohio 27s 6d. Corn had advanced Is. per quarter; white 345. 6d. a 325.; yellow 31s. a 325. The Manchester market was unchanged. At London, U. S. stocks were dull at a slight decline. U. S. 6’s, ’6B, 107$ a 108$, ex-divi dend. Havre , July sth.—Sales of Cotton for the week, 8,100 bales. Stock 130,000 bales. Havre. July 6th.—Cotton is active. Sales tq dav of 3,000 bales at firm rates. Carolina Ric ■ is wanted at an advance, the market being bare. The accounts from the French agricultural districts are rather better. Latest by Telegraph London, July 9t.h.—lt is now hoped that the peace of Europe may be maintained by a Con vention of Fiance. England and Austria through which the demands of Russia may be satisfied in substance, if not in form. Athens, July 2d.—the American Envoy in sists menacingly on the immediate revocation of the sentence against Mr. King. The Paris Bourse closed on Friday—three per cents. 76f. 54c.; four and half 102 f. New York, July 19. Later from Havana. —The steamer Cherokee arrived here this morning with Havana dates to the 14th. She brings 130 passengers. The sloop of war Albany arrived at Havana on the 13th—all well. Washington, July 19. Washingion Affairs. —Dr. Gardiner has sent out a counter commission to Mexico. Several changes and promotions of clerks were made in the Treasury department to-day. Collector Campbell, of Rochester is coming in person to get his deputies confirmed. He still refuses to listen to the President’s suggestion of a compromise with the Hunkers. Mr. Walker did not accompany Judge Marcy to New York last evening. His Western trip will be delayed a few days. Boston, July 18. Earthquakes. —Two distinct shocks of an earthquake were felt in Portland on Sunday morning, between five aud six o’clock. Many citizens were aroused from their beds by the shaking and rumbling developements. The barque Maid of Orleans, arrived at Salem, re ports having experienced the shock of an earth quake at sea on the 29th ult. Condition of the Jlarkats. New York, July 19th.—Flour—All qualities of flour have considerably advanced under the Franklin’s news. Sales of 13,000 barrels at 5 31 a $5 37$ for State, 5 31 a $5 44 for Western, and $5 50 for Southern. Wheat has also advanc ed under the steamer’s news—Sales of 40,000 bushels at 1 33 a $1 36$ for Western white, and SI 32 for Southern. Corn—Sales of 30,000 bushels at 70 cts. for mixed, and 71$ for yellow. Cotton unchanged, with sales of 400 bales. MARRIED. On Thursday, the 21st inst., by the Rev. J. Barry, Edward P. Webster. Esq., of Now York, to Miss Melanie M. Sabal, of this place. Commercial. Savannah Exports— July 20. Per steamship Alabama, for New York—733 bales Upland and 5 bales Sea Island Cotton, 57 bales Domestics, 274 bbls. Potatoes, and sundry pbgs. and boxes Mdze. Per barque Martha Allen, for Yal Paraiso -113,476 feet Y.P. Boards, 32,247 feet W. P. Lum ber, and 900 bundles Lath. Savannah, July 20, P. M.— Cotton. —There have been no sales reported to-day. Charleston, July 22.— Cotton.— The market, since our report of the 15th inst., has been very quiet There was some little inquiry for the arti cle during the week, but as purchasers claimed a concession holders refused to meet them, and hence the cause of the stagnation that has prevail ed during this period. The transactions in semo instances show a yielding on the part of sellers; but no positive decline can be said to have been es tablished in prices; and 10J a lie. for Good Mid dling and Middling Fair, which were the rates current for these qualities when we made up our former report, may be considered a fair index of the state of the market at the close of the present week. The transactions may be summed up as follows, via : Friday—; Saturday 180 ; Monday 289 ; Tues day—; Wednesday—; and Thursday 737—making a total of 1206 bales, at the following priced at 9 ; 43 at 9* ; 116 at 9|; 716 at 10 J ;andWf 7 at llc - T be transactions in Long 3 Cotton h B3 been confined to a few lots odds and ends ® we do not think of sufficient consequence to ..T 1 ®? Rice. —Thi3 article has been very much newiJ!, 0 throughout the week just brought to a close Tu d receipts comprise 852 tierces, of which abont an tierces have been sold at extremes ramnno a3f per hundred. Prices are about the L°® previously reported The balance of the r». B a3 is being shipped to a foreign port. ec ®ipts Corn. The prevalence of south-westerly , for some time back, has kept out arrivals y «na‘ nda have never known the stock so complete!; O X* 9 ted as at Present, and holders, anxious to repfc have paid h lg h prices for parcels to arrive r' this way, some 14000 bushels Maryland \ Id been sold at 70 a75 cents per bushel A hav ® comprising about 4000 bushels prime North r lma, sold as high as 81 eents per bushel. ' tar °' Freights.— The three vessels reported in our u . as loading for Liverpool, have nearly compleft their cargoes at Jd. for Cotton in square baX?? New York rate may still be quoted nominally \ je. for Cotton par bale, and |L p e , tie”™ L*.' gfiippina JntfUijprf. ~ J arrivals from charleston. Steamship Marion. Berry, New York. Steamship Palmetto, Jackson, Baltimore Brig Moselle, Hancock. Baltimore. Schr Susan Cannon, Frisbio, Baltimore. Schr.Maria Pickup, Shoo, Philadelphia! CLEARED FOR CHARLESTON. Brig Atlantic, King, at New York. SAILED FOR CHARLESTON. Barque Girard. O’Neill, from Boston Charleston, July 22—Arrived, Schr. Jane n Patterson, Dole, Philadelphia- Cleared, brig Martha Kinsman, Talbot, New York ; Span. pol. Vicenta, Olive, Barcelona. Went to sea. brigs Martha Kinsman, Talbot New York; Metamora, Rogers, Georgetown (S C.); schr D. B. Warner, Dazey, New York. ’ ' Savannah. July 21.—Cleared, U S. M. steam ship Alabama, Schenck, New York; barque M ar ! tha Al.en, Burdett, Valparaiso. police intelligence! Present—Hon. Wm. E. Deartng, Mayor. The city vs. Joshua Kirjb —Violation 46th Section, July 7th, 1853—guilfq and fined $5 and cost. The city vs. L. C. Dudas—Violation 17th Section, July 18th, guilty and fined $1 and cost. The city vs. Dominic pWnan— Violation 18th Section, July 22d, 1853—gNjlty, and fined $5 and cost. J A true extract frem the police Docket, July 22d, 1853. L. L. Antony, Clerk Council. t Likely Young Negroes at Private Sale AT 1G STATE-STREET, and Hamburg, S.t. Consisting of PLOUGH BOYS, FELLOWS, NURSES, SEAMSTRESSES, WASHERS AND IRONERS. CHAMBER MAIDS, Ac. I Wo will continue to roceive, throughout the season, fresh supplies of Negroes, of every 111 description, both at our office I in Charleston, and Ham- j burg. SPIRES & WILSON, | i Brokers and Commission Agents, j No. 16 State-st, Charleston, 11 fob 5 ts and Front-st. Hamburg, S.C. ] FUNERAL NOTICE. j The Friends and Acquaintance of Mrs. 1 Showmako and Mrs. Nathan el Groeno, aro invited I to attend the Funeral of the latter’s infant son, j Nathaniel, from her residence at 10 o’clock, A. J M. july 23 1 MUirffiYTr’Mi si ixmaßsamaammmmmmaam —~ir—h I S'jHTial llatirw. __ I Lunch.—A fine Ffth Chowder will be I served up at Jixei Shades to-day and I to-morrow, (Sunday.) wi|ups, Stakes, Chops, I Baked Beans, <tc., Ac. Ou«ft-iends will bare in fl mind that a Lunch is serve! uto seven days in tho I weo kat the Shades. / \ 1 july 23 1 I Plumb & Panton. I We are authoffized to announce Robt. fl R- R. Lawson, Esq ,as a candidate for I Brigadier General, 2nd Brigade, Ist Division, at Wk tho election to take place on the Ist Monday in jfl October next. I july 22 td I Rags Wanted.—The highest cash I price paid for OLD RAGS. All clean ■ cotton and linen rags are just as good as gold dust I at my mint. W. H. PRITCHARD. fl july 21 jfl Private Bonding.—A few bonders can 19 mv-*—kSrj be accommodated until the first of Oc- 49 tobor next, at Belair. Apply at the Geo Railroad, 9 to V. W. BOISCLAiR 1 july 20 _ tAul 9 Best Hair D>' e in Use. —A Chm- I w--. cal Wonder. Interesting to all .- Jfl Gilman's Hair Dye has made its appearance ir our | fl city, very much to the gratification of our young Jfl beaux who wear red mustachios. Gentlemen are 9 now seen going into our hair dressing saloons with H hair , whiskers, mustachios and eyebrows of all ima- 9 ginable colors, and in five minutes they will appear Jfl on the street having them entirely changed and -Jfl decidedly improved by a lustrous black, obtained 9 by using Gilman's Dye. —Norfolk Herald. 9 The above valuable article is for sale by D- 8 M Plumb A Co., between U. S. Hotel and P. 0. corner: fflfl Philip A. Moise, 195 Broad street and tho Druggist. 9 everywhere. Ini july 15 H &3T 3 "*. K “%* I MARINE fl INSURANCE. .j 9 The subscriber, as Agent of tho COLUMBIA fl IS- C.) INSURANCE CO . takes Fire and Mat> nl HI Risks on the most favorable terms. . J. H. ANDERSON, Agent, fl jan 14 1 y Mclntosh fl Styles.—Mr’. E. 6. Collins hat fl now in store a large and fashionable fl assortment of Millinery and Fancy Goods, which fl she offers on very- reasonable terms for cash Among them will be found rich Pari3 Mantilla* B Lace Shawls, Embroidered Collars, Sleeves flj Chemisettes, Capes, Handkerchiefs and Veils; also, fl a handsome assortment of Straw, Chip, Lace, fl Crape and Silk Bonnets; Head-Dresses, Caps. Flowors ; Bonnet, Cap, Sash, and Neck Ribbons. fl Hair Braids, Curls, Toilet Powder, Perfume, fl Soaps, Hair Oils, Ac., &c. 3m may_E__ H " e are authorized to announce the MB asr"—name of Col. A. Dclapcrrierea of Ja« son County, as a candidate for-Major General, 9 .^9 command the Fourth Division. G. M. We cbwf- HS fully recommend the Col. to the voters of this die- sion as a tried and experienced soldier, and alto gether qualified to fill tke office of Major Genen* H june 30 Uiesubscriber lias at last received* supply of Dr. Dickson's Blackbcfl IH Cordial, for Diarrhcea and Dysentery. 9| Philip A. Moise, Druggist 9H See Advertisement. july; Bj The Bel Air Train will j IB running on Monday, the 27th inst" Leaves Augusta at 6$ p. in. 9'| june 25 ts |H Education.-A single lady, ofexperieflf desires a situation as Teacher in a miliary or select School. Sho can teach allß higher branches of English and Music, is a performer on the Piano, and sings well . will a- Ml givo iessons in French and on the Guitar. The best of reference given by addressing " jJHH Box 117. Angusta Post Office. fictf " 91 Ttie Frit-nds of WM. EN, will support him for Major <'« c ral of the 4th Division, Georgia Militia, at H election to bo held on the July, .196 Division is composed of Wilkes, Lincoln, hl» “ H Madison, Jackson and Franklin counties. H july 6 d.icctd MARSHALL ISO! *7:. Savannah.? G. Fargo, Proprietor, (late ottfl • |».I S. Hotel, Augusta.) apr 15 I Ca. Railroal, Augusta, Geo.c May, 1853.—0 n and after Mo'*’ f 9B 23d inst., a Passenger Train will leave - - BH daily, (Tuesday and Sunday excepted) at ' 9B and Hamburg at 5 p. m.. until further notic 0 - may 22 G. B. Lythgoe, Qen}-J h l' Office South Carolina B ailroaii i^ pany, Augusta, July 9th, D B The Passenger and Mail Trains for Charlcsion leave this Company's Local Depot, Centre -' BB at 4 j A. M., on and after Sundav, 10th ms*- B •? July 10 W. J. Magkatii, -j j | BH Augusta Light dend No. 2.—A dividend of t*' aj. I B lars and fifty eents per share will bo paw 0 • BB cation to Robert T. Harkiss, Esq ; , at v BB of the Auguta Insurance and Banking * |EK mm jffiy A t . .. 1 Fresh Congress Water can had wholesale or retail, a. tho Store under the Augusta Hotel, HB