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(‘orrpspondfw.? of the Federal Union. cal j them o'* tbeir expected gains! fo this^-it is sufficient i above debt that much. The Collector* have been | to reply; I”- Cnd ’ despoiling them, "were n partial | ordered to send all the money they have od hand I good, we are never to do ovil that good niav fnuir- |. . - A lucre speedy trial for Criminal* the “speculators" we should 4>ut follow the quack * the evil, except a! great cost and j presen [Sion for curing corns on the lorn, by cutting off I book vention .soon to assemble, will h he attempting to remd, a few perpetra- atdif I tors of evil deeds, we should do a most flagrant inius-i THE FEDERAL UNION, (Cornet of Hancock and Wilkinson streets.) OPPOSITE TIIECOI'BTHOINF-^ IMMlWt M8BET * CO., State Printers. Tuesday Morning. October 24, 18G5. flagrant inju* lice to thousands of our most A one*/, industrious and patriotic citizens—our self sacrificing soldiers and j their families among the rest, liiit even this is not py Messrs Cunningham & Purse, Vectors, 1 orward- in -A: Commission Merchants, Savannah, On., have a Gard in our paper to-day, to which we invite the at teution of. our readers here and elsewhere. ——• — —— Convention. The Convention will assemble in this city to morrow. We publish the names of all the mem hers elect, that have been received at the Execu tive Department. It is thought Hon. Charles J. Jenkins of Richmond county, will be chosen per manent presiding officer. Certainly no man in the Convention is better suited, in every respect; lor tLe position. Tun “Index.”—Mr. Sami. Boykin lias sold the the “Index” to Mr. J. J. Toon of Atlanta. Mr. Boykin will publish the Child’s Delight in a few days. The Vote of Georgia.—The vote of Geor gia in the late election, it is thought will reach 50,090. Under the circumstances, it is very grat ifying. The vote of the State on the adoption of of the Constitution, as amended by the Conven tion of 1861, was only a little over 29,000. We believe a full turn out in Georgia, at the coming elections for Governor, Members of Congress, and Members of the Legislature, will show 80,000 votes. The Convention. We published; some weeks ago, an nrticle on the sub ject of the duties of the Convention, and suggested a plan by which nil conflicting views could he recon ciled. A* very few members ofvlhe Convention saw it, wo republish it,believing that thecourse therein in diented will meet with the approval of a large majority of the Convention : The Convention—the way to harmonise. It-is known to tlie intelligent reader that there are conflicting opinions as to w'uat is the best course tc be pursued by the Convention. Some want ss little done as possible. We are of this number. Other*, are for making some very important changes in the Constitution; and others still, advocate a thorough and radical clearing out of all objectionable features in the State Constitution. Xow, we think, that there can be a compromise of all these opinions on the following basis of action.- * . On the first dav let a committee lie appointed to re port, next day, three ordinances: one ies<-inding tin- ordinance of secession*passed January tilth, lKol : — Another, declaring the abolition of slavery : and anoth er looking to the organization of the MHte, and fixing a day of election. Pass these three ordinances through with as little discussion as possible. Send them to the Provisional Governor for approval, and request him to forward them without delay to the President. He might do so by telegraph, and'get the President’s reply in a few hours thereafter. That these ordinances will be adopted bv the Convention, does not admit of a doubt. Why not then act on them first? By so doing, that portion of the Convention, which is in favor of doing as little as possible, will be satisfied, and the 1‘resident’s sanction received then the way is open for- doctoring the State Constitution. By following this line of policy, the election for Governor and members of the Legislature may be ordered by Gov. Johnson ns early as the 15th-of November, and the Legislature niav be in session as early as Wednesday the 6th nt December. It is very important that the Legislature sheuld assemble before Christinas- Every intelligent man will understand why it should be so, without giv ing particular reasons. We believe that the plan we have suggested nbore will meet the approbation of a majority of the Conven tion, be acceptable to the Governor and the President, and more thoroughly harmonise conflicting opinion*, than any we have yet seen advanced, i hese views might be elaborated, but they are thrown out ns fclig gestions, and will, we hope, commend themselves to the intelligent men ot the state. -id The [iiomiseSoftbe Government "topap'' were positive and unconditional. The abuse,therefore, of Editors: The preaeiit State of the I those funds, or their, accumulation in the hands of nn- country requires a chance in its Criminal Judica- j V IUIl » can ,,ev * r anuul //.yibligation to comply , wit Ji its engagements. 3d. fleecing in that manner tare, which it eiltctive heretofore, is nov\ iiiH'Je* jt} lw ‘•.speculators” \re should ^>ut folk quate to remedy t delay. TLe Con doubtless take the initiative step's, ly making such provision in the Constitution hs will enable the Legislature to'act in the premises. At prejeut, a large portion of our population, who. prior to the war, an J while under the discip line of the plantation, and under the restraint of patrol regulations, were orderly and comparative ly honest, are now liberated irom these influences, and roam over the country, too idle to work, and too poor to subsist except by stealing. As a con sequence, the agricultural interest is paralized— industrious people are disoouiagf d trom planting what they may not reap, and from making proper ty which they cannot enjoy. There is but one remedy for this great evil, and that is, to establish in every county a Criminal Court, for the speedy trial and punishment of offenders. This Court should be one of Record, and have exclusive jurisdiction except in cases of treason, or murder'; and should sit as often as once a monih. It would lelieve the Inferior Court of all Criminal business, and give to the Superior greater leisure for the trial and decision of civil cases. The necessity for the establish ntvnt of this Court will be more apparent when it is remembered that the Superior Court must now Iry most of the criminal cases which heretofore were in the jurisdiction of the Inferior Court. Its terms only occur once in six months in each coun ty, and many circuits embrace seven or eight counties. It will therefore be absolutely impossi ble in a reasonable time for it to dispose of tjie greatly increased amount of criminal business to the Treasurer, by the m ‘niters of the Gonvtii tion from their respective counties. _ It will be seen that $6,090 Central Bank Bonds due in 1859.'ami $10,900 of eimilar Bonds, due ii 1861,-have not been presented for payment—at al! events, they are not marked paid in the Bond But, as the State has for several years past different times, redeemed Bonds not due, it is possible these Bonds may have been paid, and the fact of payment omitted to bo rntered on the i Bond book. But, if paid, they are sealed up m the worst. Tiie “demoralizing" effect* of this proce- ! packages, in the Treasury office, which neither dure would permeate all grades of society, and all the departments of business, and of social life! The evil once commenced—repudiation once sanctioned on that ground—the Government itself setting the example— who can tell ns where and what will he the end ? Where is the Bank, other corporation, or private in dividual, that might not fearlessly, and without evcD the blush of shame, follow in the same illustrious steps I Surely, our public authorities will pause and seriously reflect upon the inevitable results ot their action, before they open upon us the sluice-gates of such numerous and' fearful evils! Not even the plea of “necessity'' can furnish the slightest pretext for not meeting, substantially, at least, all our State obligations. Since the assumption of those obligations, the pecuniary condition of our whole country has greatly, and most unexpectedly changed It would, therefore, he manifestly unjust to require the State to pay, at the present “gold prices," debts for which, at the time they were contracted, a tenth or a twentieth part of them, m specie, would have been a full equivalent. By comparing, then, the former pri ces of breadstuff*, and other articles of prime necessity, with their present value, it will not be difficult to re duce all the Government issues to their proper specie equivalent. This done—iftlie condition of the treasui v nud the country be such, that payment on this basi cannot now be made—the Legislature has only to au thorize the issue of “Treasury Notes,” bearing a moderate interest—to the full equivalent of the indebt edness, payable some five or six years after date — Tims will the honor of the State be .preserved intact; the just claims of every creditor be substantially met • 8 i7a ; .F 11 ... UUMIIL--S- five or six millions of the most desirable currency be which the existing state of society will present.- throw,, into active and constant circulation among our And even if it could, the expense of maintaining such a large number of prisoners, month after month awaiting trial, would be a heavy tax, be sides necessitating the building and guarding of immense prisons in every county. * It may be urged that this additional Court will entail a heavy expense upon the county.' But this objection is removed when it is considered that the fines and forfeitures coming into it will defray most if not all expenses. At any rate it will cost less than the present system : and as the trial is speedy,- there is more likelihood of con victing the criminal than when his trial is delayed several months, or a-year. Delays are always! favorable to the criminal and never to the prose cution. Til" 1 "-*' C ‘~ -C - .I-.* will be— among our citizens; and the great ship of the Empire State, once more launched, full rigged, be heaved ahead by pro pitious breezes, upon the high seas of enterprize and prosperity.^ ARISTIDES. Note.—Treasury Notes intended for circulation— and we need them for that purpose—should always bear a tow interest. Otherwise, they will be hoarded up, and thus withdrawn from public use. Annual Report of (lie Comptroller Gener al to the Governor. Iii another place we make extracts from this im portant Report, on the “Public Debt, in Bonds and Treasury Notes,” which will be read with in- benefits of establishing this Court tercst by the people of Georgia. There are other interesting matters in this Re- tlie Treasurer or Comptroller Gt neral can open without auriiorily from the Legislature. It will thus be seen that tl e State is now in- detjjed in Bonds to the amount of $6,084;25(j— filll ot which being past due. ate not pav ing any interest. The remaining Bonds now unr. *re paying an annual interest of $385,710, v : z : $3,529,500 7 per cent. Bonds, $247,065 GO; $2.- 258,750 (» per cent. Bonds, $134,445 00; and $72,000 5 per cent, IftnJs, $3,600 00; which amount of interest will be reduced each year a* the Bonds become due or are redeemed It will also he seen that the State is pledged to redeem six months after a Treaty of Peace, in Specie or Bonds, $8,558,000 ot her Treasury Notes, which, if redeemed in Bonds, would make her Bonded debt $14,642,250. The State, however, would still have outstand ing $5,171,500 of Treasuiy Notes, payable in Confederate Treasury Notes, if presented within three months after maturity, otherwise not ;e- deemable except in payment of Public Dues, and a'so $997,775 85 of Change Bills made redeema ble in Confederate Treasuiy Notes, but which having been in part paid out oil appropriations, may be considered an obligation against tho State that should he cancelled in some way. # As the last named Treasury Notes were issued ] to anticipate taxes levied upon'Confederate valua- j tions—as they were issued upon the basis, or up | on the value of Confederate Treasury Notes, which j Kites have ceased to be a currency, and as tion, and to meet the same, the. Governor was an thori/.ed to issue “Treasury Notes to he fundable ju eight pier cent, bonds, when the sum of five hmidred dol ars shall be presented at the Treas ury,'' Ac., anil the 13th see tion leads as follows: ‘See. 13. In cie, a* anytime, the money should not be in the Treasury to meet any of the appro priations herein made, the Governor is authorised to have issued and used, to meet any deficiency, bands bearing nut more than 8 per cent interest, or Treasury Notes, as he may deem best; said bonds, when issued, uot to run for a longer time- than thirty years, and redeemable at auy time af ter live years from their date, at the option of the Governor.” But, at tint tune, the credit of Georgia was so high Gov. Browli felt that he could save the inter est, during :ii- war, to the State, by issuing said Note* under the I3*h section of said act, and by pl.'tM'g r.;eiii as nearly as possible upon a footing with bank t ills, and he therefore made them re deemable as follows : “TV State of Georgia will pay the bearer dollars iii eight per cent, bonds or specie, six the State neither promised to pay Specie or Bonds for them, there may be some difficulty in equitably j the Legislature before the last having failed to in- paying or liquidating them immediately and get j crease the pay of members of the Legislature above months after a treaty peace, or when the Banks of Savannah and Augusta resume specie payment, if before that time.” “Receivable in payment of all flu >s to the State and to tho Western A. Atlan tic Railroad.” By this manner of issuing these Notes, instead of issuing bonds, the State has sjved up to date, about $900,000 interest They were issued in payments to the Hospital and Relief Association, :o payments to the public debt, in payments to officers and members of the t e £i s, ature, and sal aries of other civil officers of the Stale, and other expenditures ol the State. They were also au ttiorizud under 22J section of general appropria tion act of 1862. Before they were issued, how ever, the Banks advanced to the State about $2,- 000.000 of their bills, and received payment for the same, from the State, -in these Notes. There were also $170,000 of these 8 percent. Treas ury Notes issued in JaRuary, I860, under the fol lowing circumstances. The last Constitution of the State having provided that no Legislature Id increase the pay of its own members, and its resource, being developed and * boned that ehe will soon rise and rani a/ 1 w H again as iiUbe past, and in the course even niL.e prosperous than belore i- r ‘| bq’ circumstances, then, it is to be Hop H -l Legislature, in its consideration 0 fYr tbl,f Uie will act prudently and wisely, and Jp ln ’ttrr not taru sh, but will raise still bight, h loifL eiw4 /v.-ua/I iium^ £•»■>* 3 r ’, 1*19 * faith and good nanuf, femm and credit,if ‘‘ ,s S u <*i old State—in the past, the pride and boa*!” UoL!e sous and daughters, and commanding i" k «r lion of ail who looked at her or who ev -*■ ir *- ed into her past history. er ‘ n qnir. Junius Rays; “Private wealth is Credit ■. Public w ov curitt. The feather that adorns the n°- R " V -SUPPOKTS HIM IN HIS FLIGHT. StuiI' Birrf l*i.cm age, ami you FIX HIM TO TlHi Eaij'- ° f Then in this the daikest hour for Georei agricultural industrial labour, it is to be |,, ‘ j 1 * lo he- “serpent” in the shape of * Repudiation - '" • ^ lflt Do lowed to “creep in" and “beguile” any l,t- al- portion of our good old State, and "strip j ,, “ w shl-; plumage" and ‘ rix her to the earth 1 ’ - meiobering that “honesty is the-best xoliev- i ,ft * people one and all spurn the syren goi,r' 0 ,f ,“ t - In- diator,” and‘sustain as they have lie P j, e " £ H - - the INTEGRITY and honor of the Stai ai> ( | 4 ' c *» will not be distant when they will see tin- !; ■ ^ such a course, ami our good old State will la , of in to prosperity and greatness again. - As an Officer of the State, ever williu-r t 0 season or out of season, whenever lie can hen, ■; tive State, and having been used by his Governor Brown to induce some ofihe [V- -. ’ 1-7 Capitalists and others to take a portion o* - ,;. ' rities, and at a time, too, when they w, -u'<l (i» v Se,a- lurger interest from other States, nud iiuiividl, ' <r, ' ; who only took them in prefereue* to e ther ,,r -‘ io maintain r!ie credit and character ot ||„. an Officer of the State who advised Exlcur^'Va* mini.strab.rs, Guardians and widows, to iiivt-si'i • ... — - ' . la ucor- opinina Ve -ia .tv gill Bonds and Treasury Notes, giving it u.* ;,; s ^ “although the Confederacy might fail, yet, fi^t ' to her obligations"— gia would still he true Officer of the State, who, for years, in my Annual L ports, have attempted to convince the world thatG* .. . . . _ . . the Legislature ring them out of the way. 8'hould the Legisla- j that received in specie [laying times, and the Leg- til re deem it equitable to pay them upon the basis ! islature ot J "61, finding the Confederate currency 1st. A greater protection to life and propetfi’. . . ^ ,. . 2nd. As a consequence, it will encourage plant- P ort ’ . w " ,c ' 1 we ma ke a summary below, ers to new enterprise and exertion when there is ' Thera is a cash balance in the Treasury of $5,. some assurance that they may enjoy thn fruits of 201,086 18, but with the exception of $ 14 750 their labor. 1 - ’ 3rd The speedy and severe punishment of a few offenders..will teach those now prowling over of what one dollar in specie would have purch ased in corn, meal, and other provisions at the date of their issue, then it might, perhaps, take from $000,000 to$1.200,000 to redeem them and the change bills, which would reduce the debt to a litt’e over $15,500,000— but should the Legisria tlire deem it equitable to redeem them at only what they would have brought in gold.at the date of their issue, which was about ID for 1, then it would take about $324,000 to cancel these Notes and change bilks, (amounting together to $6,161),- •265 88.) which wouid reduce the debt to le=,s than ’ $15,000,000. ! In addition to the debt above stated, there is aim due about $ 1,017,000 back interest on the IT- S. Curreucy, and a few thousand dollars in U’ tat0 holders of onr Bonds, for several vears pa*t, preferring to hold the Coupons or the Boride, rather than take Confederate Treasury State Treasury Notes and change bills, the bal the country that “honesty is the.best policy,” and I anee is in Confederate Treasury Notes, and of | Notes for the same, labor oil a plantation is preferable to the hard and j little or no value. precarious life of the vagrant. It is now more than ever necessary to protect the labor of the honest against the depredations of the vicious and dishonest. Let the trial of offenders follow immediately the commission of crime, and let the punishment be sure, quick and severe. Such a law r.o good j „ man will tear It is designed only for the bad,' ‘ and the safety, order and welfare of society de- j C^hiral Bank assets maiul the punishment of the guilty. “Lenity to Notes of certain parties. the criminal is cruelty lo the State.” W. i The Assets of the Stale are given thus 1833 shares of stock Bank State of Georgia § 190 shares of stock Bank of Augusta 186 “ “ Ga. R. R. Bank g Co. ,000 “ “ At. *fc Gulf R. R. 183.300 k 18,609 7011.000 1,500 871.300 At ihrii- old trick* lignin. Messrs. Editors: I see that two newsnapers in $1,863,700 The State also owns the Western & Atlantic Railroad. This Road is supposed to he worth be Georgia are in favor of having the Convrution tvveen six an d seven millions of dollars, with all nominate a Governor and members of Confess for us. What is it for 1 Are they afraid to trust the people to elect their own rulers? It must be so. For if the people obey the ’dictation of the Convention, and elect whoever they nominate, then it is the sjime as if- the Convention elected the Governor and Congressmen ; and if the peo ple do not elect whoever the Convention nomi nates, the nomination is worse than useless. I remember a few years ago, several newspapers in Georgia came out in favor of the Legislature nom inating a Governor, and one, the Savannah Re publican, was willing for the Legislature to elect the Governor. All of these tricks and dodges ate for the purpose of keeping the people from elect the incumbrances upon it. Of Taxable property in the State, except slaves by the returns of 1864, and at the value then put upon property, there is $850,486,812—with the slaves, it was $1,612,592,800. There were received into the Treasury, for the Fiscal year 1864, from all sources, $14,628,- 603 57, and disbursed $11,573,605 01. The Comptroller General says the pressing de mands on the Treasury for the ensuing'year, will approximate the sum of $859 105 00. To which add Bonds of the State never presented, $231,000 00 and back interest due on Bonds, $1,047,'bflO 00, and the turn total will be $2.- 140,165 00. In these estimates the Comptroller Assets of the State.' ' To meet this debt and to pay the interest on the j same, Georgia lias not only ner taxable wealih, j which in I860, was r turned for taxation at near- 10 ■ ly $100.000,000 after excluding shins, but she ha* the following public properly, viz : 7 .000 shares qf stock in the Atlantic A-Gulf Railroad, $ 700,000 00 2,299 shares of stock in several Banks 293,900 00 Central Banka Assets 1,500 09 Also, her Western «fc Atlantic Rail road, which paid into the Treas ury, in 1H60, as nett earnings, $450,000, and before the rise of all kinds of property, was valued by a Committee of the Legisla ture at 7,849.224 68 Also, notes of Messrs. H. Brigham, D. H. Baldwin, Andrew Low, A. Wiiber, and Warren Mitchel, pay able in Confederate Treasury Notes, or Slate Treasury Notes of the new issue, amounting, princi pal and interest, to about 890,000 00 ing the man of their choice. The people do not ^ ro< : eeds "P™ the beHef that . will be no re County Criminal Courts —We invite the attention of the members of the Convention to an article on this subject, tob? found in another pait of this paper. Something has got to be done, or our county jails will have to be enlarged, and the peo ple still further burdened with taxes to suppoit prisoners awaiting trial. The views of our cor respondent we believe to be correct and feasible. — President Johnson. Whatever may have been the opinions of the South ern people, in tue past, with reference to Andrew Johnson, he is to day honored, respected, and beloved, by every good man and woman at the South nud the North. Siuce he entered upon the duties of President,he has deported himself so well,has displayed so much good 9ense in devisiDg plans of reconstruction, and so much firmness in executing -them, that even the European press lands him to the very echo. By Ids Aninesly Proclamation—then Ids reconstruction proclamation— then his declarations to the Southern delegation, that the people of the Bouth could be. and ought to be_ trusted—then his prompt action in reference to the militia of the State of Mississippi—then his interposit ion to save the property of the Southern people from the rapacious hands of Northern robbers, declaring that legal conviction of treason must precede confisca tion—then his pardon of thousands of our best citizens —and more recently his parole of Messrs Stephens,- Reagan, Ctmpbell, Trenholm and Clarke,—his dis patch to Gov. Johnson pardoning all the members of the State Convention who come under any of the ex ception* in his Amnesty proclamation—and to crown the whole, hi* Proclamation of the 12tli of October restoring the writ of habeas corpus in the State of Ken tucky, and relieving the State from the degrad it g tyranny of martial law—these are some of the more prominent aetsof President Johnson, which have given him more reputation, and earned him more respect, es teem a-.i-i love, than :ftiy one man ever enjoyed in the j ! ,',f rell<l orsro Wind ' vote to suit them, and they wish to deprive them of the privilege of selecting the man of their choice. Piain honest men have become sick and tired of this juggling. If we have a Republican fo;m of government, then the people have the right to select their rulers, and any man that wishes to deprive them of tfiat right, seeks to de prive them of the rights of freemen I hope, and trust, Messrs. Editors, that tho members of the Convention will coniine their labors to tbe busi ness for which they were elected, and not turn tjie Convention into a political caucus But let them bo- ware, for if the Convention should impose a nom ination upon us, the people will know how to as sert their rights by rejecting the nominee of the Convention, and electing the man of their choice | State'^Treasurer as the people of Mississippi did the nominee of their ! Convention, by a large majority. One of the People. pudiatiou of bonds of 1862, issued by the State to pay the tax levied on the citizens of Georgia by fhe Confederate Government, which tix the people wotild have had to pay, had not the State sold the Bonds, and paid the tax. There are oth er very interesting subjects in this Report, which we would be pleased to notice if time and space would permit. From the Annual Report of the Comptroller Gen eral. Thv-PubJie Debt—5u JBouiis ami Treasury !Yo!c*. Through the courtesy of John Jones, Esq., ate Treasurer, I am enabled to furnish the fol lowing statement of the present indebtedness of the State, in Boud.i, viz : Duein 1862, 7 per cent Bonds Due in 1863, 7 Total $9,731,624 68 In response to the request of your Excellent;, bepub tile w ency, that I report also upon the amount of .thepubfic No Repudiation. “Let Justice he done, though the Heavens Fall." Whether any considerable portion of the citizens of j Georgia are in favor of repudiation—a damning sin of a thousand frauds in one—we have no disposition to eu- I.quire. The single fact that it is. at limes, spoken ol as j a posihilify, should arouse the indignation of every lover of his country; and cause him in advance! to en ter his solemn protest against it.* t ver being attempted. States and Nations never die. The loss of character is the hlight ot d<-arh. The brands of infamy are nevei cra-ed. The esciifeheun of Georgia is.without a stain. To preserve it untarnished, should be her prime ob ject, her ceaseless effort. Amidst the rupent life and death struggles of our country, Georgia, before High Heaven, solemnly p’edged her Fill h for the payment of eeriain sums of money. Her written and -ngiMVed obligation* were I duly signed, sealed and latiticd. Thobo sacied “olli-1 gatiim> to pay," were accepted by companies and in- j dividuals ; by public functionaries and private citi zens. as “considerations” for “supplies urnish j ed,” “services rendeied, Ac., Ac. Thus di i I the plighted of faith the State become the basis of contracts, compacts and engagements innumerable!' A inf, up to the present hour of i-eace, and amidst our changed conditions of all else around us, are the said “obligations to pay,” given and received io the trans actions of business; or laid up ns the only remains of hope and future support, to thousands ot destitute and bereft families and individuals' And yet, we are told Due in 1864,7 Due in 1*62, 7 Due m 1862, 6 Duein 1863, 6 Due in 1865.6 Due iii 1*68, 6 Due in 186 9 6 Due in 1869, 5 Due in lfTO 6 Due in 1871, 6 Due in 1872, 6 Due in 1872, 7 Due in 1873, 6 Duein 1874,6 Due in lc74, 7 Due in 1878, 6 Due in 1879, 0 Due in J880, 6 Due in 1881,6 defence Due in 1831, 7 defence Duein 1872.7 federate Tax... debt now due, that was created before tne war, and the amount created since . the Ordinance of Recession: the objects for which the same was created, &c', I have tho honor further to report, that, the amount of Bonds issued before the war, and now unpaid, is $2,677,750—the amount au thorized to be issued before the State seceded and now remaining unpaid, (including the $2,677,- 750,) is $3,645,250. That your Excellency may better understand the matter, I will state, that, the ifem of.$100,000 of 6 per cent, bonds due in 1881, in the table above, although not issued until February 1861, (after the Ordinance of Secession) yet tho same was'au- thorized lo be issued by Act appioved February 27th, 1856, authorizing Bonds to be issued to pav the State's subscription to the Atlantic vV Gulf Railroad, and these bonds were issued for that purpose Again, the items of $25,000 and items of $2;j,00t) and $42,500, due in 1881, in same ta bie, although not issutd until February 18bl and May 1862, yet they were authorized to bo issued by Acts approved Nov. 16, Jc6t>, and Dec. 16, 1861. 1 he Acts ot Nov.- 16, I860, in view of tbe condition of the country, appropriated $1,000,000 as a miiitary fund, “for the purpose of placing the 8tate in a condition of defence ” and author ized the issue of Bonds of $5(;0 each, payable 20 years from date, hearing 6 per cent, interest, to meet the same. On the 1st of February, 1861, said Bonds to the amount of $367,500 were pre- P ar< ^ f“ r issue. The Banks agreed to 18,000 i ' et ike State have the money tor $842,500 of the finding me uonieaerate currency much depreciated, and feeling that they were not authorized to increase theii own pay, and not be ing desirous of raising the salaries of the other civil officers of the .State, that body, in the gener al appropriation act, approved Nov 18th, 1864, • j .n(i another act, approved November J864, au tlimized and requjred the State Treasurer to pay rile members <3 officers of sai I Legislature, and also to pay the civil officers of the State their sal cries for the political year 1865, in said Notes, as they were tho b-st currency the State could com tnand, and up to May last, when payments under Confederate rule wi re discontinued, the sum of $1 ((1,090 was tequirej by tbe Treasurer for that purpose What are called tbe 6 per cent. Treasury Notes dated February, 1863, redeemable ‘in specie or six* per cent. Bonds of this State, six months af ter a Treaty nf l’eace shall have been ratified be tween the United StateR and the Confederate States,” and made receivable in all dues to the State, and the Western it Atlantic Rail Road, were issued under authority of an Act of the 12th Dec. 1862, appropriating $400,000 to Georgia Hospital and Relief Association, Act of Dec. 6. 1892, appropriating $100,000 for the manufacture of Woolen and Cotton Cards, Act of Dec. 13 1862, appropriating $2,5(,0.C(hl for the relief and support of Indigent Soldier’s Families, and also under the 12r.h Section of the General Appropria tion Act of ’62, appropriating $1,500,000 for cloth ing. shoe*, hats, &c.. tor the destitute Georgia • v n[diers in the Confederate service, and the 22nd Section of the same Act providing for auy defi ciency in the Treasury. The authority and reasons for the issne of Treas ury Certificates ot Deposit can be best given, by copying the entire Act, which is as follow* “AN ACT to cancel certain portions of the Geor- g.a treasury >. T-* lately issued, by issuing Treasury Certificates oi Deposit, and lor other purposes.: $ 22,500 53.500 40.000 25.500 18.000 40.500 State State Con- 176.509 262.500 72,COO 134.500 J53 750 623.500 100,000 169,300 75.000 176.500 100,000 200.000 200,000 25.000 842.500 2,441,000 And due in 1859, probably paid 1861, “ $6,068 250 6,000 10,000 *mue length of time, si net- tbe »piri< ot <t. ■ •npnrtnul fr«ui IVaahiafion. Delegates will be Pardoned. [The following dispatch from Milledgeviiie to tbe piens of Georgia, was received yesterday. This exer- cijye ^t executive clemency will be hailed with delight aud satiaiactiou by the people of Georgia.J— Tel. M ILLEOffEVILLE, Oci 19, 1805. To the Press of Georgia : The wires u.( Milledeeville are in operation. I am authorized by Gov. Joimsoii to atate that h* ha* n-u- hontv f, oin Washington to announce that all the uele- vat^. to til*- Georgia conv.ntiou will be pardoned. J. C. Butler, Supt. Gold for Confederate Ponds.—'The Mobile Reffistir aad Adiertwrr of the 12th sayr : learn that a gentleman was in tliia city Yesterday buying six and eight per ceut. Confederate bonus, fur a hou’*s in Ntw Yoik. The price paid is *anl.to Irive Ic-eri two dollar* in gold for boi^is of one thousand dollars each. T** Tennessee legislature and President Johnson, The NaahyiU* l qn>| ileaiea tbatthr action of the Ten- ne»*ee Legislature, iu rpje.'in£ a-s'-rio* of resolutions approving tbe admum:ration of President Johnson, wm a repudiation of bis r<vou«truction policy, but simply a repudiation of the member who proposed the resolution, and whose right Vo a » ea t in that bodv. the /’nion says, is involved in doubt Our ov. toil took its flight from earth, lie stands like the rock of and the liitur Gibraltar, while the mail waves" of fanaticism howl and break to pieces at his feet. The South thank him tor his inagnauimity, and honor him for his manhood. that there is a yMty' that all these pledges may j Tho State is also indebted for non-in- b« aroken! that the St a fe. through the duly elected | tcreat bearing Treasury Notes and Treasury Certificates of Deposit, payable in “Eight per cent. Bonds or 8pecie, six months after a Trea ty of Peace, or when the Banks of Savannah and Augusta, resume specie payment, it before that time” $6,084,259 representatives and conservators other honor and hi life, will annul all those compacts, extinguish those “last hopes”- obliterating nt a dash, the whole of those ring them worthless as tags, ileliven forofend disnstei,: so direful at oi.ee to the good natco, tin; good morals e thrift ol the Siau character ami y I I IOS BEFORE THE WORLD, WE ML ST RESPECT. A single act..nay doom a | And also for Treasury Notes' 'and State forever ! Shall the “Empire State” he a hisxingl a by word and a reproach among other .States and Na-1 tions ?—and that through the action of her own sons— | the mother destroyed by her own ( ll.*pi ing / Aud for j what! Simply for tire fiendish gratification of “fleecing ! the speculators” and saving a few millions of dollars ! 1 .here is a memorable adage, that “even gohl may | lie bought too. dear.” The chat Oder of Georgia is j 3,75* ,00ft Treasury Certificates of Deposit, payabie "in Specie or Six per Cent. Bonds of the State, six months after a Treaty of Peace shall have been ratified between the United States aud Confederate States,’ 4,860.000 same, but. thought 6 per cent, interest too low — 1 he Governor, however, agreed to recommend the ensuing Legislature to allow them 7 -per cent, in terest. Consequent), oil the 16th December. 1861, an act was approved authorizing the Gov ernor to cancel all said bonds that were issued to the Banks, and to give them in lieu of the same, bonds bearing 7 pec ceut. interest; wbiph was crone on the 1st of May, 1862. In relation to the last item . of $2,441,000 of bonds in said table, l have the honor to slate, that, by an act of the Confederate States’ Congress, approved Aug. 19 1861, a tax was levied upon the people of Georgia for the support tii' sai 1 Gov ernment; and by act of the Legislature of Geor gia, approved It-c. J1, 1861, the State i t Georgia assumed to pay tho taxes assessed against her cit izens, and directed the Governor to “cause to be issued the bonds of this State, payable in such sums, and time and place, aud bearing such rate of interest, not exceeding 8 per cent, per annum, as will enable him to raise and obtain tbe neces sary means for paying such taxes, Ac.” Conse quently, these bonds were issued and sold to pay said tax. * In connection with tho sale of these bonds, I will here remark, that, too much praise cannot - be eiven most, if not all, of the leading ur prominent Banks of tiie State of Georgia, for their patriotic j conduct on this occasion. Money at that time ! was very scarco and the demand great—the Con- i derate Slates' Government and other States, and individuals wereauxiously seekingit at.S jierc-.-nt tortsf. Nevertheless, these Banka,*and others, had not only but a short time before advanced to VvHlreas, His Excellency the Governor, in his late Annual Message, represents that Bankeis, Capitalists, and others holding Georgia Treasury Notes, desire to have the saute concelfed by receiv ing in ii:-u of said Notes Treasury Certificates ot Deposit for larger amounts, binding the State to the same obligations contained in the face of said Notes. See. 1. Be it enacted by the General Assemblv o(_the_ State of Georgia, That, upon tbe pie- scitation to the State Treasurer of Five Thou sand Dollars, or any large amount of Geor gia Treasury Notes, by any holder who may de sire the same to be cancelled by the issue of Treas u.y Notes, by iany holder who may desire the same to be cancelled fly the issue of Treasury Certffi cates of Deposit, it shall be the duty of the Treas urer to receive, and give Certificates of Deposit in swims of not less than Five Thousand Dollars for the same; and said 'Treasury Certificates to be made pay a b. o in the same manner as is expressed in riie face of the Treasury Notes thus cancelled. ■See. 2. I>e it f .rthi-r enacted, That upon the issue of said Treasury Certificates, they shall be taken to the Comptroller Geueral, who shall regis ter and'countersign the same ; the Registry shall contain the date ot issue, the number and amount of each Certificate issued. Sec 3. Be it further enacted, That upon said Treasury Notes being taken up, each number shali be marked redeemed ‘ by Certificate” in the Reg istry Book in the Comptroller General’s Office, aim once in every two months the 'Treasurer and Comptroller Geueral shall, in the presence of the Governor, burn said notes thus cancelled, and his Excellency will cause the proceedings to be enter ed upon the Minutes ot the Executive Depart ment, and the Treasurer and Comptroller Genera are hereby directed >u their general Reports, to give the amount of Treasury Notes thus cancel! ed, and the amount of Treasury Certificates thus issued: Provided, That the cancelling of these Notes shall not be reported among the receipts and disbursements . t the Treasury ; Provided, further, i hat. parties who hold said Treasury Notes shall pay all expen.-v.* of printing and^carrying into ef feet the provisions of this Act. Sec. 4. All conflicting laws are hereby repealed. Assented to Dee. 14, 1863 The State Treasury Notes payable in “Confed erate Treasury Notes” on tb*-2otli Dec , 4*64 and 186.*, “if presented witl-in three months after ma in y. otherwise not rede; rnahle exrt pt in pay j "R-nt of Public Dues,” w ere issued to anticipate I -tie: taxes, under Acts of Dec 12, 1863, Joint Res •Inti n ct tne Legislature,approved March 12th. !~n4. arid the General Appropriation Act of-Nov Uih. 1 "4 $8,09.1,000 were originally issued nni dor Act of 1863 «nd Resolution of 1864, $2,993,- 53!) of which have been redeemed and burned by authority of Act and Resolution of Degisiature of November, 1864, leaving $5,101,500 outstanding, aud $70.9C0 were issued under Act of 1864, leav- •ing of this class, of Notes, (of both issues) out standing, the sum of $5,171,500. 1 he State Change Bills were issued under Acts assented to Dee. 5th, 1862, and Dec. I4tb, 1863 gia Securities of all kinds were better securities tl,* those of any Government or State, I deem it uiy ^1! tosajr something more at this time, practically ; n lution to tiie obligations by the Representatives oft' people of Georgia during the past four or five yettri It will bo perceived bv the particular account'dtU Public Debt given.iu tlifs Report, ?hat that poilion () f it created during the late war rests upon the If moral as well as legal considerations. The Banks rr - tiie State Holding their charters front her, and t v-n acknowledging the obligation to answer promptly [.,- demands for assistance, placed at her'3h>prw*i;| j",, r0 . spouse to the call of her Legislature and Executive Millions of DoHbrs, relying tipuu the huiiui of Georgia (which has never yet been tarnished; to redeem l.er solemn pledge of re-payment. Thousands of pnvdi* citizens acted in like manner, noon the same pledge of the Public faith and credit. Muse of the lauds thus obtained by the issue of Treasury Notes or Bonds were used to clothe and feed the naked and starving fami:iy< of poor soldiers, sent to the field by the authority of the State or the coercive conscription of the Confeder ate Government; they were used to provide for tlm pressing wants of the soldiers themselves, « hen dneed almost to nakedness and exposed to the -nuK-j and rigors of winter campaigns; they were used tu es tablish aud maintain Hospitals where sick and w onoiled veterans might be properly cared for and saved him death Who can estimate the number of women an ( children thus preserved from starvation, and lire hosts of gallant uten whose lives have been prolonged to bless their families and their suffering country. Wfnt have the political questions of the war to do*with tins matter ! Whether the war was right or wrong, was It not at the call of the State and by the coercion of tVe Confederate Government that tens of thousands O four men went to battle, periling health, limb and i;f„ j n a cause which they believed to be just, and leaving be hind them wives and eltildreu cud mothfos, dependent upon the maternal care of the State ? How eonl.i ths State refuse to make provision for those incm and their families? And how can the State now- drive away from the door of her Treasury the public ci e.li or- who enabled her to discharge so sacred a duty? If tho State did her duty to the suffering soldier in theikil and his famishing little ones at home, it was' In-cnma public spirited men furnished the provisions, cloilmiT and money, and took in exchange the Treasury .Nupj or Bonds of the State. These Treasury Note* aud Bonds were issued with the unanimous a«« fc nt ,,i - th 3 Representatives of the whole State: there was »» division, no opposition, no objection, from a:n/ charter ir ha trier to theii issue, to meet the appoipriatiom made, i nil thereby the promise to pay them was the solemn pledge ot tbe whole people of the State ; and cun these creditors now without infinite dishonor tu Georgia, be sent away loaded down with repudiated [taper' Again. The Confederate Government in 1861 im posed an onerous tax on our people, which thev were far from being then able or willing to pay, so unused were they to such burdens—nevertheless, they could have been compelled to pay it (as the citizens of MiswV sippi mid other States that did not assume it, lmd tunny it,) as there were no meaFs, even had there been a de sire, to resist the regular Legislation of a Government which they were then sunnortinc 1 with arm* in their originally issued under these Acts $1,463,192 ol tlt'-ge Change Bills—$465,416 !•> ol wliieh have beet* burned by authority of the Legislature, lea ^ iii(? outstanding $997,775 85. the State, as a temporary loan, about $2.0.0!),Oeft . 1 have thus, I nope, given your Excellency the ot their bills, receiving in payment for the same information asked tor. I have beep particular to worth more to.her. as regards future ,r»™ A -/A, j Making the total Bonded Debt and pe/i.'y anti whuence, winn all the* • r «>id :..ut ever was! , l. , , , • 4 • 0 r eounieil! It Is righteous- urn- T a nation, and promised m Specie or Bonds,* 14J gives to her controlling power. Mo <//[.uv.-er shrpns-c > j “ ’ v, ‘9tu mny be edt.ed Ireasnry 642.250 Notes made payable iu Confedcr*. ate Notes, ‘if presented within three months after maturity, other wise "not redeemable except in payment of Public Dues,’ now outstanding, amounting to -5,171,500 fiom heaven proclaimed the appuhng facts; “I♦(■/// ! 's> e Mils now ontstanding m^de ' vv " payable only in Confederate Treas ury "Notes idling jiower. eio ,n power tftrpa a; - physical strength- States and Nations are, also, h- 'd especially responsible for their character and enn- d; -t. The sins ol Rulers and Governments are the “electrics’ - which Concentrate the wrath of Heaven, •iid kingdoms, and spread the blight of desolation and death over nation*. It waawiteti Solomon, in the pride o' his heat t,forsook tbe way ol tlie Lord, that llie voice jin heaven proclaimed the appuliitg fac nd away thy kingdom from thee, and 1 will give it. unto thy servant." Should we, therefore, at this en trance upon our new career, step aside from tire Hea ven appointed paths of honesty, thomi, justice and j Making the whole indebtedness of RiOHTEousisEss, we may well have 'cause to fear, !e*t ' " * — “TEK.ER be written upon our Inundation^ alls, nnd all our glory speedily depart. Tin; aigumeiits adduced by the advocates of repu diation, are as fallacious as they are pernicious. One is, that Iurge quantities of those bonds, notes Ac., have fallen into tbe bauds ot'peculators und Rtock-gamblers, who have (lone nothing toward defending the State, or benefiting the eouutry ; aud, therefore, we should repu diate out whole S^ale debt for the sttke ot depriving Georgia non-interest bearing Treasury Notes, but jupoit being approached by the Governor and Comptroller General, and having unbounded con- 1 fidetice in the integrity and honor of Georgia, they immediately came forward and agreed to ! lake $1,920,000 of these bonds at 7 per cent, pro- I vided -fheconp ms or interest were paid quarterly. In my Annua! Report of the 21st October. 1362, I alter giving tbe names of the several banks wk- I ing these bonds, the amount taken by each. Ac , ! the following language is used, viz: refer lo each and every Act by which riie debt has been created for several years past, because it will be necessary f :r the Legislature to take some action ii elatjr.n to the Same. Before the Ordi nance oi recession, the character and credit of no Staten; - ! Fnimi stood higher ffian that of Geor gia. Hci ! -mL- Commanded perhaps a higher premium than that of any other State, and even -nice the close of (he war, her Bonds ate at a higher premium than any other Southern State. 1 hi sluts been produced by her former good faith “Although Georgia seven per cent. State Bonds ! ^ " f-?* 1: er obligations, and her promptness in now stand high, and periwps are preferred to i ?*? Xuxs tbem * h f r rapidly growing wealth. Ac. [ those of any other State by capitalists genersUv j “ 1S tnlftt ! ie resn ‘*» o{ he r unwise action of 1861 the State iu Bonds nud Treasury Notes of all kinds $20,811,525 85 As there are between $3,000,000 and $4,000,OUO of liio faxes of last year still unsettled on the Books of this offico. much of which it is pic- suined, is in the hands of Collectors, it is not un reasonable to suppose that fpOO.OOO or $1,000,000 oftbe Treasury Notes of the last issue, are in’the hands of the Collectors, which will reduce the yet fhe hanks above named deserve credit for p"a- j friotacally coming forward the time they did, 997,775 85 j when mou*-y was not deemed so plenty, and other States and the Confederacy were paying 8 per cent., aud taking so largely of oUr seven per cent, bonds. Had they not done so, perhaps the State would not have fared so well, in raising this large amount at the proper time.” has placed it out of her power at this time to pay .ler obbga'iops as promptly as in the past. The abolition oi siavery, by the geseral Government, has, for tho present, at least, crippled her not a • itt.e *‘<>twuhst£ndinfr this, qnd that her debt What are called the 8 per cent Treasury Notes, dated .February 2nd, 1862, were authorized to be issued by the Ilth and 13th sectious of the Gen eral Appropriation Act, approved Dec. 14, ItaGl. The jjth section of said act appropriated $200,1 000 to the Georgia Relief and Hospital Associa- hicii they were then supporting wi tnds._ Tin - State of Georgia, to relieve tl;.- pt-u;’:: from mmediate. pressure, assumed to pay the tax. .’laa die so. lnrnujliing the necessary funds therefor b\ ike issue and sale ot her bonds. Here then is an ii -■•'■.t-.-dr.e--, created with the utmost, deliberation, for iiie eipxsti purpose of relieving tbe tax payers of G -or-.-i-t at the time, from nn onerous tax— they were relieve ! fly the contribution of a portion.of our Banks, and their fellow citizens including Executors. Administrators, ami Guardians,* dec , who advanced their money and re ceived the promise nf Georgia under th" Great Seal of the State, to repay the principal anil interest lo the creditors who had trusted to the honor of tho People! Uanstich creditors be sent away from tho domg of tho treasury with tliederisive reply that the people of Geor- gia acknowledge no obligation arising out- of a “rebel- 3“ Us, war!" Me thinks the world would cry •shame l he same line of argument will appl v to ec cry class of the public war debt. H e have suffered terribly by the calamitous war just closed—we have lost countless millions of property— but, thank God, our honor and manhood r.i !■ 9 to ns, for a heritage to our children ; and* lot n..t the ulcer of Repuiiixtiok consume what the blood nnd tireol'bst- tle could not destroy, our integrity of coueeience and pride of soul! Having said this much, I now leave the matter for the action of the Legislature. To have said less,under the circumstances, would not, in my opinion, have been rendering justice to the whole people of the State. Besides—having been connected with the matter m above stated, should the Representatives of the People iu the Legislature hereafter decline or refuse to recog nize the good fat h and honor of the State in this matter, and the Banks should find that they have become !o- - aliv bankrupt, and tho bill holders of said Banks shall find that they will get little* or nothing on their Bank bills, because of the failure of the Stale of Geor gia to redeem its Treasury Notes and Bond* ; and the Charters of these Banks sha'l be forfeited, and the pri vate property of their stockholders shall be put upon the block andsold, and any of them rendered penniless, because of the failure of the State to make good it* promises ; notwithstanding uiy agent v in the matter, as au officer and the agent of the State. I desire to stand blameless before them—and. the world ! Gr should the capitalist.-; and -others find his or thieir hard -apningp or savings for yeais, gone, because ©I'inv repr; nutations to them, and of their full faith in tin- promises't Geor gia, or should the widow and the orphan find them- s.dve.M bereft of all they had left, because of the siroug faith they or their friends, or their guardians,'had » the promises of the State, and they shall bo turned o Bi upon the cold charitie- of the world in a destitute and starving condition, whilo sorrowing for then; in their afflictions, notwithstanding my agency in tho matter, there will be some consolation in feeling that, as an officer of the State, I did all that 1 could In prerrnt such a State, of things! Aud finally, should Georgia’s good name and credit and fame go down, and she should be held as a “Repcduitor”—should the good old Stats that gave me birth, be charged with the violations) her most solemn promises aud pledges, in matters oi dollars and cents—should she be charged with h.ivicf deliberately borrowed money of her Banks, of h; r - :;- zeus, of her widows and orphatW »r<l of .others, trf issuing Bonds and Treasury Notes with solemn premi ses to pay the same, and, then, without any default ou the nr.rt of those who gave her their money and credit, deliberately refund to repay the same. ■ r any P**" 1 thereof; nnd that she did this, too, because there w«* no [lower Ur romper her to do justice—should the gi*' 1 ! old State that we have ail ever been so proud of, be. charged with thus treating her own citizens, (inclndrcg helpless women and children.) or any one else who trusted, alone, to her honor ; and in cousequence of the same, she shall never have the credit and bigb character she once possessed—I desire to “put it on record” that I had “no part or Jot” iu thus placing her. but, that, as an Officer of the State.*nnd a true wd loyal citizen, I con/endi d.from the beginning totheesdi for the Integrity and Honor or Georgm. ! Note—By an Act of the Representatives ot the P'“ l> pie of Georgia iu General Assembly met, assented to Dec. 17, 2615, “any Executors. AdatiiRsirators, istratrix, Guardian or Trustee," were “anthori**® invest tiie funds of their Eslaten or Wards in Sh***, Bonds, or other Securities, issued bv the Stale." allJ . these Bonds aud other State Securities thus invested were made “exempt from taxation.” By the Code adopted in lSiTO, the same authority is given them to invest in these securit? ~ --- tative* of the I’< met, aamtad ro invest and receive in payment ^Georgia Treasur) Note* tor claims due, or that might hereafter become due—again, by an Act, assented to Dec. 14.18W.® 1 seems large, yet her “Public Property” or Assets lho Representatives of iUo People of Georgia, in 6^ are also large and her other resources arc also! ■ m * t » Guardians. Trustee-^ ExectU ^ wsorn,’" 1 i b!es : j®"® °. f a . n Al1 : thereafter might be iiwued. >> sb aiiu r ar-seem^ Providence, it is to be hoped j that the present evil is but a temporary one, or , -Vofrena/ Baask ta Augusta.subscriprion U*t b*s ttiat, in the end, it wiH prove no evil at a}!- After' keen opened at tbe Banking House of the Georg*" the .Suite shall have been restored to civil law and order again, going along as of old as a member of the Fuicn, wilh aM of its machinery at work and *7 sny on ® Railroad