Newspaper Page Text
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J W. 5c W. S. JONES.
tUljcouitle ani) Sentinel.
AUGUSTA, GA .
FRIDAY MORNING, NOVEMBER 28.
Manufactures in South Carolina.
Under this head we publish to-day the first
part of an article, which will be concluded to
morrow, on the propriety of incorporating com
panies for the purpose of manufacturing, in
South Carolina, to which we desire to call the
attention of the Legislature and the citizens of
Georgia. Although designed for the meridian ol
our sister State, and addressed by the author
particularly to her citizens, the positions as
sumed by the writer, (which we think well
grounded,) are equally applicable to Georgia,
and therefore merit that consideration which the
importance of the subject to the whole people,
demands of every true hearted Georgian.
The attention of our citizens has been generally
directed to the subject, and we think we do not err
when we say, a majority of them a r e impressed
with the importance of establishing manufac
tories, throughout the country. In our opinion,
it is the work ol' prudence, wisdom and wise
statesmanship, to offer every facility to an enter
prise which promises such beneficent results,
and we should extremely regret to see our Legis
lature pursue a course of policy that would im
pose such restrictions upon companies as to ar
rest the progress of so great and good a work.
It is always prudent, in ail enterprises, as well
as all legislation, to be governed, and. if possi
ble, to profit by the lights and lessons which the
experience of others teaches. It is therefore
proper to inquire what system of legislation has
been adopted in other States, in New England,
particularly, by which they have progressed so
successfully in the establishment ol their manu
factories, which not only increase her capital,
but secure employment, competence, and, con
sequently, independence and happiness to her
laboring classes. This inquiry is satisfactorily
answered by “One of the People,” to whose
views these remarks are designed to direct the
reader’s attention, and we sincerely hope the
wholesome truths he inculcates, may not pass
unheeded in Georgia.
Things in Milledgcvilie.
Correspondence of the Chronicle ip Sentinel.
Milledgeville, Nov. 25, 1815.
In Senate, Mr. Hackelt moved to reconsider
the “ woman’s bill.” -The motion was lost —
nays 24, yeas 18.
Mr. Anderson moved to reconsider the reso
lution granting certain perquisites to the Trea
surer and Comptroller-General. On motion of
Mr. Miller, it was referred to the Committee on
the Judiciary,
A communication was received from His Ex
cellency, laying before the Senate the census re
turns of the State.
Mr. Miller offered a resolution, appointing a
committee of five on the part ol Senate, to meet
a like committee on the part ot the House, lor
the purpose of reporting upon the said census
returns. The following gentlemen were ap
pointed that Committee;—Messrs. Miller, Mur
phy, Brown, Wofford and Jackson.
On motion of Mr. Hackett, the Senate look
up the resolution censuring the Chief Engineer
of Western and Atlantic Railroad, &c., lor an
alleged violation of the law, &c., as explained
in my lormer letters. Mr. Chastain moved to
lay the resolution on the table until Friday next —
agreed to.
The Clerk ot the House reported the lollow
ing bill as passed: To authorise administra
tors, executors and guardians, to exercise dis
cretion in selling lands which may be divided
by county lines.
Mr. Martin offered a resolution, calling on
the Director ol the Central Bank, to report all
the expenses, whether fixed by law or incidental,
which have accrued since his appointment to
office.
On motion of Mr. King, his resolution to ex
pel Mr. Chapman Irom the Senate Chamber,
was called up. Mr. Jackson read an explana
tory letter, addressed to himself, from Mr. Chap
man, with which Mr. King expressed himself
satisfied, and, although the letter appeared to
have given universal satisfaction, still, Mr.
King persisted in having the question taken
upon his resolution. A number ol amendments
and propositions were offered, which, together
with the discussions of various points of order,
in which ‘the Chair’ bore the most prominent
part, consumed about an hour. The subject
was finally postponed till to-morrow. It is due
to Mr. Chapman to slate, that without retraction
ol any statement contained in the obnoxious
publication, he disavowed his intention to reflect
upon or insult the minority who votei against
the Court bill. As the subject will be finally
acted on to-morrow, it is unnecessary to make
further remarks on it, lor the present,
Mr. Anderson, ol Wilkes, introduced a reso
lution, that His Excellency be requested, to trans.
mil to the Senate, the number ol poor children
returned by the several counties ol this State,
entitled to the benefit of Poor School Fund, for
the year 1845.
The bill to alter the law in relation to interest
on money was taken up. Mr. Miller olfered the
following as an additional section : that any
judgment herealler rendered in any Couit ol"this
Stale, shall bear interest (so far as regards the
principal debt) at the same rate as that borne by
the contract upon which such judgment may he
obtained—agreed to.
Mr. Martin moved (o strike out the word six.
; md insert seven in its place, as the established I
Kite of lawful interest—agreed to.
Mr. Jones introduced a bill, to amend an act
D establish a general system of education by
common schools.
I’he proceedings ol to-day are unusually bar
ren of interest. Some debate occurred in the
Senate, on Mr. Hacketl’s resolution ot censure,
in which Messrs. Hackett, Miller and Kenan,
each look part; but being unable to attend du
ring the discussion, I feel restrained from making
comments on the hearing of others. I feel con
vinced, however, irom indications 1 have wit
nessed, that Mr. H’s resolution will receive but
a paiiial support Irom the Democratic side of
the House in the Senate.
In the House, nothing of interest occurred
woithy of publication—local matters and the
reading of bids having consumed the morning
session.
Mr. Shockley’s bill to abolish capital punish
ment. 1 arn informed, will not be reported on by
the Committee to which it was referred, but sub
mitted to the House to meet its fate. That fate
will probably be the same which former bills,
involving similar provisions, have herelolore
met. A celebrated traveller once waggishly
said, as he rode by a gallows, “ there is the sign
ol civilization!” 1 doubt very much whether
the Legislature of Georgia is not too refined in
its ideas ot civilization, to banish that ghastly
symbol, around which the multitude gather to
enjoy the delectable sport of witnessing the
unique and awkward steps ol a man “dancing
upon nothing”—nay, perchance, the still rarer
sport ol beholding a woman dancing a hornpipe
upon an invisible springboard, with iter gown
lettered around her leer.
As Huhver said, at the close of a work de
signed to convey to humanity a moral on this
subject, “the worst use you can put a man to is
to hang him!” The illustrious Biackstone lias
truly said, “ it is the 11 certainly, not the severity
of punishment, that deters the commission ol
crime.”
The “standard bearer” has paid another visit
to the Capitol—whither he comelh, or whither
he goeth, I, certainly, cannot tell. He looks as
rubicund as when iie poured out his wrath upon
the Whigs a fortnight or so since. lam almost
inclined, when I look upon his rosy, “ Paddy
(Jarey” looking cheeks, to believe what on the
occasion referred to, he asserted, to wit: “ that
he would rather be the defeated candidate ol de
mocracy, than to be elevated to any office, by
the cold hearts of Federalism!” Gemini! what
a of a thinking I kept up, when I heard
hi n cast up such stuff —but I will be excused for
not relating my thoughts, as, fur a “defeated
candidate,” he has, perhaps, been lampooned
sufficiently.
I cannot now omit to notice, however, what
on a former occasion, I neglected. I refer to a
chaste and classic expression of his, repeated in
his Capitol speech. In adverting to the efforts
used by Whigs to defeat him, he stated, that
wherever he had passed on his tour, “ the W higs
had voided their excrements into every crevice
and corner of the count:}'.” Now I will make
the suggestion, as it occurs to me, that, if he
should ever again undertake a like campaign to
that in which lie was recently so unfortunate, he
had better procure the services of a “ Gold
finder” instead of a scribe, for his travelling
companion. I charge nothing for the hint. A.
The Treasurer’s Report.
This Report, ordered to be printed, was laid
before the Legislature yesterday morning, says
the Georgia Journal of Tuesday. The Report
and list of warrants or payments at the Trea
sury. lorrn a large document, but the Report
itself is brief, to the point, and suggests, in con
formity to an act of 1843, estimates of the
past public revenue, and what will be needed
for the support of government, in the political
years 184 G and 1847. The Report embraces,
too, a plan of taxation for the purpose of rais-'
ing revenue. This is done because of a pro
bable deficit, for the next two years, under the
present tax law. Here are the Treasurer’s es
timates.
For 184 G and 1847, the aggregate amount ol
expenditures will be 0573 268.
The receipts for the same time, under the
present tax law, will be only 0514,000.
This will leave a balance ol *58,268 unpro
vided lor.
He then proposes the following plan—but we
will let him speak lor himself.
“Under this view, the law makes it my duty,
in the event of a probable deficiency in the
revenue, to submit estimates for additional
revenue. In accordance with the requirements
of the law, 1 herewith submit document marked
No. 2. It is proposed that the rate ot taxation
shall be fixed on all the enumerated articles,
with the exception of real estate, with the im
provements thereon, including machinery of
every kind. It is also proposed that the digest
of the several receivers shall he returned to the
Comptroller General by the first day of July of
each year; and that it be the duty of the Comp
troller General to find the amount of tax assessed
from the enumerated articles of taxation, and
then see what rate per cent, on the real estate
will make the amount required for the wants of
the Government and by a circular directed to
each Collector; instructing him the rate perct.
he must collect on a!! real estate, not to exceed
at any lime 1-4 of one per cent.
'1 his system proposes more of equality than
the present tax laws, and also throws the bur
then of taxation upon those best able to bear it.
It is also well adapted to our biennial sessions
of the Legislature, as the amount proposed to
he assessed can he increased or diminished, as
the wants ol the Government, may demand."
This is followed by tables which explain
more fully the Treasurer’s views—which are
appended.
Articles on the plan of sped fie Taxation,
60,000 Polls, at 3S cents each, 828,000
280 000 Slaves, at 35 cents each, 93,000
2,600 free pet sons of color, at sl, 11,200
20 Vendue Master’s Licenses, at 825, • *SOO
600 Lawyer’s do. at S 5, •• -.3,000
600 Physicim’s, Surgeon’s and Sur
geon Dentist’s, at $5, 3,000
40 Billiard Tables, at $25, • -1,000
'1,500 4 wheeled pleasure carriages, at $4, o.UUU
V. 000 buggies, barouches and sulkies, $2, 4,000
AUGUSTA, GA., SATURDAY MORNING, NOVEMBER 29, 1845.
4 000 Go’d Watches, at §2, 8,000
4.000 Sliver “ atso cts,-• 2,000
200 Stallions and Jacks, price of season, 1,000
100 Clocks, worth S3O each, at 81, 100
$165,600
Articles on plan of Valuation.
$7,000,000 Merchandise, at 40 cts. on
each, SIOO, - $23,000
4,500,000 Bank Stock, at 40 cts. on
each, $1( 0, 13,000
300.000 Amount of Auction Sales,
at 1 per cent. • • • ■. 3,000
50,000 Legacies, except to Ureal
descendants. I per c , 500
3,000,000 atinterest, or invested in
securities other than those
issued by the State, 8 cents
per SIOO, 2,400
100.000 Gold and Silver Plate, 50
cts, on each SIOO, 500
Ferries, Toll Bridges and
Turnpikes whose income
exceeds SIOO, 1 per ct. on
the receipts, 300
Agencies of Insurance Of
fices, authorised by other
•States, and kept within
this, 1 per cent, an amount
of premiums, 1,000
50,000,000 Beal Estate and Improve
ments thereon, including
machinery of every kind,
not to exceed 25 cts. on
every 8100, 125,000
$178,700
Total amount of both plans, 8344,500
MANUFACTURES IN SOUTH CARO
LINA.
An Inquiry Into the propriety of granting
Charters olTnc rporation for manufactu
ring and other purposes, in South Caro
lina: by one ofthe People.
As several individuals have given notice ol
their intention to .apply to the Legislature of
South Carolina, for a charter ol incorporation
for manufacturing purposes, we propose, ma
king a few remarks relative to the propriety of
granting such privileges. In doing so, we shall
lake the ground, that although it is true, that
capita! managed by its owner, (il he possess
talents and vigorous enterprise) will always
produce better results than that which is man
aged by companies, yet, in manufacturing,
where large amounts of capital are requisite,
the latter will, in the main, be found more steady
in their operations—less subject to fluctuations
—belter for the indidvidual whose capita! is in
volved-better for the laboring operative as
well as I he consumer—more democratic in their
tendency, and, being a more certain means ol
bringing about the changes so much desired in'
our State, they will be found better adapted to
the wants ol the community at large. We are
aware that this is taking high ground, but we
trust that judgment will not ba pronounced
against us until we have had an impartial hear
ing.
Will South Carolina refuse to grant charters
of incorporation for manufacturing and other
purposes, or will she not? She has heretofore
acted with the utmost liberality in granting un
restricted charters, and not until 1837, did she
seem to entertain apprehensions oi harming the
public weal by such acts. The law authorising
the formation of limited co-partnerships, was
passed in that year. It amounts to the same
thing in substance, as a general act authorising
the issuing ol charters of incorporation, re
leasing the stockholders from personal liability.
We are not aware that this law has been abused
in a single instance, and we believe that few
individuals can be found who have lost by man
ufacturing companies. Such institutions are
not apt to obtain undue credit in the communi
ty around them, while their advantages are felt
by all within their reach. The harm which a
failure produces, is generally confined to the
stockholders who make such investments, and
neglect to look after their management.
The State of South Carolina has been ex
tremely guarded in extending grants to banking
institutions, and in this she has shown her
wisdom, for it is a dangerous power to exer
cise.—Banks live on the credit which the com
munity around extend to them. Without de
posits and circulation, few of them could exist;
bv common consent, such institutions loan their
credit and receive in return six percent, inter
est. Every individual who handies a five dol
lar bill, is compelled against his will, to be
come a creditor and contributor to the income
ol banks. He who purchases an article of
merchandiz ’. does not pay lor it in money, but
in the cridit of a bank, and custom, which is
stronger than law, forces the vender to receive
such payment. Banks may be said literally to
live on the substance of the community, gather
ing tribute from every individual who handles
their bills, from the greatest down to the hum
blest personage in the community. As one of
the greatest sources of gain to a bank, is the ex
tensive circulation ot its bills, their constant
tendency is to create expansions, and conse
quent disorganization ot all regular business
pursuits. Such b ing the case, too much cau
tion cannot be exercised by those having the
power to grant such privileges, in creating
such safeguards as shall effectually prevent
abuses, and hold those in (lie community harm
less, who are so circumstanced as to become
their unwilling creditors.
The zealous opposition ol our Legislature to
all such grants, was well limed and wisely ad
hered to. It is hoped, however, that the danger
to be apprehended from injudiciously granting
banking privileges, will not be confounded with,
and brought injuriously to bear against the
charters which are necessary to develope the
resources of our country, and give an impetus
to all industrial pursuits.
Incorporated companies for mining, railroad
ing and improving navigation, or lor agt icultu
ral, commercial and manufacturing purposes,
are verv differenlaffairsfro n those lor banking.
They ask for nothing which every individual
in the community is not entitled to, that is,
credit were credit is due, end liability only so
far as to exhaust the capital of such individual.
Nearly all the great developments ofthe preseal
age, have hern c msumma'ed through the in
strumentality of incorporations, and much re
mains lor them vet to do. They are used in
all countries to cany out great enterprises—they
have been instrumental in developing the power
of steam, on both thcland nd water—they have
been the meansjof constructing innumerable rail
roads in England and on the Continent of Eu
rope —and of revolutionizing the maritime sys
tem of the whole world. But lor them, the suc
ces-fnl experiment ofiraversing the Atlantic by
Steameis, would as yet have been untried.
We are indebted to them for the innumerable
railroads which are now traversing our whole
country. Bui tor the charters which have been
wrung from the Legislators ol Pennsylvania,
the 300 millions ot tons o( Anthracite Coal now
produced, per annum, by that Stale would have
remained probably (or years in the bowels ol
the earth. It is through Ihe instrumentality of
incorporated companies that our iron mines
have been opened. To such means we are in
debted for the South Carolina Rail Road, now
the pride of our Stale. And could this great
enterprise have been consummated without a
charier, releasing llie stock-holders from per-
sonal liability for the debts ol the Company?
Is it not preposterous to suppose that any sane
man could have been found willing to subscribe
lor a single share, when, by that act, he would
have rendered himself liable for all the debts of
ihe Company. Notwithstanding the exemp
tion, who, we fearlessly ask, has suffered loss
by this Company ? How can it be made out
that the danger to a community, from such
grants, is more than equivalent to their advan
tages?
The practice of operating by associated
capital, gives a wonderful stimulus to enter
prise, and where such investments are fashion
able, no undertaking is too great to he consum
mated. Why is it that the Bostonians are able
in a day, or a week, to raise millions, at one
stroke, to purchase the land cm both sides of a
river, lor miles, to secure a great water power
and the erection cf a manufacturing city 7 It
is not that Boston has more spare capital than
Ncw-York, Philadelphia, or Charleston, but
that the fashion ot investing in chartered com
panies, enables her to command the spare capital
ot every individual in the community. The
divine, lawyer, doctor, schoolmaster, guardian,
widow, farmer, merchant, mechanic,' common
labourer, in fact, the whole community is matte
tributary to these great enterprises. The utility
and safety of such institutions are no longer
problematical, lor, the New-England States,
and particularly Massachusetts, have decided
the question. The incorporated companies of
Massachusetts, New-Hampshire and Maine
we believe, without a single exception, stood
the test of the greatest convulsion that our
country has ever experienced; while widespread
ruin attended the manufacturers of Pennsylva
nia, and other parts ol the country, in which
their operations were carried on principally by
single handed, individual enterprise. Great
numbers ol establishments changed hands,
bringing wretched proverty and distress, if not
starvation, among ti e labouring classes, and
the sacrifice of millions of property; lor in
many instances, manufacturing establishments ,
were sold for 25 cts. on the dollar of their cost,
not paying halt the debts of individuals wt o,
previous to the revulsion, considered themselves
wealthy. In this enlightened age it is thought,
that the dangers to be apprehended from incor
porations, for ali other purposes than Banking,
are fii subjects only for abstractionists, and il is
hoped that our Legislature will not permit their
determined opposition to Banks, to carry them
inio ultra opposition to the charters, which
are necessary to call forth idle capital wher
ever it may be found, and turn the current which
is yearly carrying millions out of our State.
Yes, «e say millions, for this City alone
would not have to date far back, to add up mil
lions which have been earned here and trans
ferred to other States. There is scarcely a
State, or a City in the Union, which cannot
exhibit marks of wealth which has been accu
mulated by the labour and soil ot South Caro
lina. On every side we see our strong men
leaving or preparing to leave us, and is it not
time that we were alive to every effort which
may promise to work out a change for the
better 7
If we shut the door against associated capital
and place our reliance on individual exertion,
we may talk over the matter and grow poorer
for silty years to come, without effecting the
change in our industrial pursuits, necessary to
renovate the fortunes of our State. Individuals
will not be found amongst us, who are willing
to embark their 100, 200, or 0300,000 in untried
pursuits; and however favorably we may think
of such investments, or however sanguine we
may feel about the success of such enterprises,
we do not hesitate to say, that it would be an
unwise art in a single individual, to put the
whole of a large estate into a single manufac
turing establishment. The reasons for which,
w ill be given before the subject is closed. If
liberal charters were granted, one hundred
successful establishments would spring into
existence, where one, of feeble order, could be
expected from individual effort. In order to
make a successful experiment, we must begin
right, we must secure the services of men, suc
cessfully engaged in prosecuting similar works,
in other countries; to secure them, we must rear
such establishments as will enable us, not only
to pay the highest wages going, but to satisfy
the ambition oi such as have set themselves
out to establish their fortune and fame, by ren
dering such establishments productive to the
capitalists concerned. About three-fourths of
the manufactu!ing of the United Slates, is car
ried on by joint stock companies; and since the
business has become thoroughly systematized,
they are found to succeed quite as well, and in
many instances, better than by individual en
terprise. We shall certainly have to look to
such companies to introduce the business with
us, and those who are desirous of seeing a
change in the condition of our State, are earnest
ly called on to waive their objections, and per
mit those who choose to embark their capital,
to make a lair experiment. Such establish
ments, to say the least of them, will serve as
schools, in which our sons will he taught the
art ot converting our raw material into mer
chantable lain ics, and will be, as long as they
last, productive capital to the State, whatever
may be the fate of the proprietors who rear
them.
Before we proceed further with our subject,
we will undertake to explain, as well as we can,
why it is, that in sections ol country, where
manufacturing is carried on principally by
joint stock companies, the business is not so
liable to fluctuations, as where it is conducted
by individuals.
As before observed, it is a business which
requires large amounts of capital to conduct it
successfully. Its complication also renders it
extremely difficult to ascertain the amount of
outlay necessary to complete an establishment,
li is indeed a great undertaking tor an individu
al to establish a large manufactory, single
handed, and none but men ot very sanguine
temperament are usually found to do so They
are often led to into the business without duly
counting the cost. It is not unfrequentty the
case, that such establishments cost, before they
arc completed, double the sum estimated in the
beginning. An individual worth filly or an
hundred thousand dollars, commences an estab
lishment with the expectation of completing it
with his own means, and before he is ready to
put it into operation, he finds himself loaded
with a debt, equal to the amount which, at the
outset, he intended to invest; nor is this all, for
with an impaired credit, he has now to borrow
means to conduct the business. After he lays
in the raw material, it is at least two months
hefote he is able to bring his first goods into
market, and to make the best case possible, we
will suppose that the goods meet with a ready
sale, being disposed of at six months credit;
here are the wages of operatives, and the supply
ot raw material for eight months, a large item
to be added to his liabilities. Persons begin to
whisper that he has burned his fingers—erected
an establishment which will not sell for hail
its cost, in fact, sunk his whole capital in the
erection ol a factory. His situation becomes at
once extreme!y precarious; he labors under all
the disadvantages ol a bad credit —purchases his
raw material at high rates—forces his manu
factured goods oil at reduced prices—and is
sooner, or later, wound up; il will be vain lor
him to seek assistance; men will shun him as
they would a madman ; and after the explosion
those who have lost by him, in fact, the whole
community, will regard the establishment ml
only as a monument of his folly, but as a
whirlpool which will shipwreck those who at
tempt to follow in his wake, and it will so re
main, unless there are individuals in the com
munity with sufficient foresight to perceive that
it was only necessary to have about three times
the capita], which this individual had at com
mand, to render this establishment eminently
successful—profitable to the owner—and a bles
sing to the community.
Joint stock companies seldom run into such
embarrassments; there are, generally, a suffi
cient number of cool-headed calculating per
sons in such companies, to guard against these
difficulties, by looking ahead and providing an
ample amount ol capital. Where the outlays
exceed the first estimates, il it be necessary to
raise an additional capital, it is so easy to ob
tain it by an assessment from the great num
bers concerned, or by issuing stocks and taking
new co-partners, that when companies are
formed with any' sort of prudence, thev seldom
fail from such causes. Generally speaking, a
sufficient number ol prudent capitalists will be
found in such companies, who, being satisfied
to receive a moderate interest on the capital
invested, act as a wholesome check to those
who would, lot the sake o( great gains, hazard
the safety and reputation of the establishment
by going imprudently into debt. Thete are
times too, when it is necessary to cease to ope
rate, or pile up manulactured goods; in such
cases, wealthy stockholders who know the con
dition ofthe company, will generally' be found
to step forward with their guarantee, when the
credit ol the concern is exhausted, and thus ena
ble it to pass over a time, which would either
break down an individual owner, or cause him
and the community around to suffer.severe loss,
by suspending the operations ot the mill.
[concluded To-Monnow.)
Large Fig.—The editoi* ofthe St. Augustine
Herald has been shown a fig of a new variety,
recently introduced there, which measured nine
inches in circumference. It grew inthegarden
of Mrs. S. P. Anderson, of that city.
CO 31 33 ERCI A IL.
New Orleans, Nov. 22.
Cotton —Artived since the 18lh inst., of Louisiana
and Mississippi 9861 bales, Tennessee and North Ala
bama 4199, Arkansas 406, Florida 121; togethei 14,887
hales. Cleared in the same time for Liverpool 9305
bales, Havana 350, New York 903. Roslon 661, Ports-
H, 806; together 12,025 bales—making an
addition to stock of 2862 bales, and leaving on hand,
inclusive of all on shipboard not cleared on the 21st
inst, a stock of 119,982 bales.
In our review of last Wednesday morning we report
ed the transactions in Cotton during the three days
previous as having been to a tolerably lair extent, al
though the market, especially on Monday and Tuesday,
had maintained a rather quiet character, owing to the
advancing tendency of the rates in freight, for which
shipmasters and agents had been for some time con
tending, wasfinailv paid in several instances, and (here
was also much difficulty experienced in Exchange ne
gotixlions, even at slightly reduced quotations ; cir
cumstances operating very adversely in regard to Cot
ton, and under the influence of which the market not
only exhibited a considerable degree of quiet, but
some indications, likewise, of weakness, holders being
evidently more disposed to realize than before, though
in the transactions that look place, and which amount
ed to about 4000 bales, we cannot say that in general
any important concessions were submitted to. The
market on Thursday exhibited at; increased degree of
dullness, scarcely 2800 bales having been sold, and the
drooping tendency of prices became still more appa
rent —indeed in many instances holders were compelled
to give way an eighth of a cent, to enable them to effect
sales. Yestelday there was but little business doing
when the market first opened, but in consequence of
holders having evinced a disposition to sell at the re
duction in prices just referred to above, many buyers
were induced to resume opetalions, the decline in Cot
ton being about sufficient to compensate them for the
advance in freights, and the market accordingly exhi
bited a moderate degree of activity, the sales reaching
to fully 4600 bales, though still there was a heavy leel
ing predominant, and the transactions were generally
at ihe full reduction or an eighth of a cent, in accord
ance with which we have altered our quotations. The
business has been of a pretty general character, both
as it regards qualities, and the destination of the Cot
ton, buyers for England, our Northern maikets, and
France and Spain, having all been operating. The sales
of the week amount to 21 900 bales, of which 11,400
bales were sold during the last three days.
n Orleans classification. — Lnuis’aand Misstssivj t
Inferior ld) i Middling fair 7j © 7j
Ordinary 6j- Id) 6} j Fair 74 id) 7
Middling 6f fa) 6 1 Rood fair 8$ Id) Sj
Good middling... 7©7j | Good and fine.. .9 ©lO© —
Comparative prices of Colton at this date, in the
following years. .
_ ’ 1815. 18447 1843. 1842. “
Inferior — (a) —(d) 4 none. 4j (d) 4j
Ordinary 6j© 6t 4j © 6j (d) 6} 5 (d) 5j
Middling Gild) 65 7- ~ „ „,.
Good middling 7 (a) 7% \ ® 7 ®7, 5| Cd) 6
Middling fair... 7j© 7» r SJ (a) 5j 7} ©7#6# I© 7
Fair 74© 7% Cd) 6j 8 ©Sj74 ©74
Good fair....... SJ© 8| 7 ®7jßs © 9 8j ©S|
Good and fine .. 9©1()& — 7j, Bs, 11 9j, 9|, 11 9V ©
statement of cotton.
Stock on hand Ist Sept., 1845, bales 7556
Arrived during the past three days 14887
Arrived previously 242283 257175
264731
Exported during the past three days 12025
Exported previously 132724 14-1749
Stock on hand and ship-board bales.. .119952
Comparative Statement of the Receipts of cntlonfrom the
\st Sept, in each year to dates, and also the Stocks on
hand ut the following places at the dates annexed.
Rcc’d since'Sept. 1. Stock on hand.
Places. 1845. 1844. 1845. 1844.
N. Orleans, Nov. 21..256387 216826 0 9982 127292
.Mobile, Nov. Is 47023 26485 32434 21922
tSav.lt:naU, Nov. 13... 23431 39931 10736 12338
Cbm teflon, Nov. 14.. 50872 76672 2C757 37065
Florida, Nov. 8 4816 2360 2551 1860
Virginia, Nov. 1...... 2400 2350 750 2600
N. Carolina, Nov. 1.. 1778 525 510 400
New York, Nov. 11 17000 19090
Other Ports, Nov. 8 1594 3841
Total, bales 336707 356149 21234 1 226248
Total to dales 1814.. 356149 226243
Increase this year... 30558 Decrease., 13904 in stock.
£l3“ We have taken from N. Orleans the amounts
received from Mobile and Florida. Also,from Charles
ton the receipts from Savannah—and from Mobile the
receipts from Florida.
Sugar . Louisiana —We noticed in cur review of last
Wednesday morning that an advance in prices had
been tealised in the first of the week of |© $ cent jfr
lb. On Wednesday the market was very active, and
the sates reached to upwards of 700 hogsheads, at fully,
sustained prices, and the Levee si Ihe close of the day
was left nearly bare of all parcels in first hands. The
demand on Thursday was again quite animated, all
that was 1 Hiding being bought upas soon as on the
Levee, and at prices in some instances an J of a cent
higher Ilian before prevailed, especially for the better
qualities. The day’s operations, including one or two
re-sales, amounted to annul 450 hogshead'. Yesterday
morning, owing to ihe arrivals during Ihe night pre
vious, there was a fut ther supply on the Levee, but be
fore evening it was nearly all bought up, the sales em
bracing some 450 hogsheads. Prices, as on the day be
fore, were exceedingly stiff, and the market closed with
much firmness at our altered quotations—say for Infe
rior to Ordinary 3J © 4j, Common 4$ © 4jf, Fair 5$ ©
6,4, Prime 5$ © 6, strictly Choice in small lots 6$ © ej
ect! Is per lb
Molasses— The demand for Molasses on the Levee
since onr teview of last Wednesday monßng has in
general been quite moderate, and there has in corise
quence been a further increase in the stock on sale,
although the receipts have been by no means large.
•Same sales were made on Wednesday at 21 j cents, but
on the following day 21 j cts was the highest price, (he
ruling tale being 21 cts jp 1 gal, and these were the fi
gures at which the business of yesterday was chiefly
transacted. The demand has been both for the North
and the West, though mostly for shipment coastwise.
The only transaction of any consequence which we
have heard of on Platt tat ion is a lot of 20,1(00 gallons at
15 cents ijF gallon.
Flour —Yesterday the market opened with an increas
ed firmness, resulting in a further advance, as will be
seen by the following particulars of sales 850 bids
Ohio at $560, 500 do at #5625, 195 St. Louis City and
choice Country at #585, 159 choice Country at #5 75,
VOL. IX—-NO. 143-
and 800 choice St Louis city at $6 00 if? bbl. ! When w*
left the market last evening holders otOhio and simitar
brands were firm at S 5 75, at which rate some limited
sales were made, and S 6 00 (a) 6 25 for choice St. Louis
City Mills, with but a very light slock at the Levee,
including all descriptions.
Bacon —The Bacon market remains in quite an inac
tive stale, and we have no transactions of importance
to notice within the past few days. The sales appear
to be confined almost exclusively to limited parcels,
which are geneally made within the rage of our pre
vious quotations—say for uucanvassed. Hams 7 a Sets,
canvassed do, 8i a 10. extra sugar cured at 10J a 11;
Sides 7| a 8, Shoulders 7 a 7J cents (ffr lb.
Bagging and Bale Rope— The market still remains
heavy for these articles, even at the material redaction
in the rates (which previously, however, were nomin
al) quoted in our last. There are occasional sales of 20,
50 and 100 pieces, and so on, but in view of the unusu
ally heavy and constantly accumulating stocks buyers
are not yet tempted to come forward and take large
round parcels. Our quotations are as before — say for
Bagging 9a 10 cents cash, and 9J a 10§ on time. Rope
3 a 4| cents, according to quality, terms, &c.
'Whiskey— Yesterday we tound 22 els to be still the
asking price sot Rectified, but buyers did not comefor
ward freely at this rate, and the market presented
rather a duli aspect throughout the day, though holders
maintained great firmness. The prevailing price for
Common is 23 cents, at which we note a sale of about
200 bHs, but smaller lots are selling at 23J a 24 cents
4P gallon,
hxchange —We have had a dull market for all kinds
o! Exchange since our review of last Wednesday morn
ing, and the rates have in consequence given way; in
some instances materially. We quote Sterling at 6| a 7
cl prein , though sales have been made at 6J ct ;
I'rancs now range from 51 33f a 5f37J. New York and
Boston 60 day bills are now from 2J a2J ct dis., and
sight checks 1 a IJHj? cent dis. Philadelphia and Bal
timore GO day bills cent discount.
Freights. —We have noticed in one or two previous
reports that shipmasters were refusing less than 9 I6d.
for Liverpool, and on Wednesday shippers were com
pelled to come forward and pay this rate, since which
quite a large business has been done, the engagements
being twelve ships for Liverpool, and one for Cork and
a market, at 9-16 d , two ships and two brigs for Havana
at s.'2 50 hale, and a lot of 600 to 700 bales to fill up
a ship on the berth lor Havre, at 1J cent. There is also
great firmness in coastwise freights, nearly or quite all
the vessels on the berths being lull, and the next en
gagements will doubtless be at an advance. There
were unengaged last evening 18 ships, 3 barks, and 8
brigs.
SHRIKE LIST.
. /Savannah, Nov. 26.
Arrived- S hip Merchant, Jordon, Portland, (Me);
Br barque Oromocio, Cronk, London; Br barqe Dal
housie, Wilkie, Trinidad; barque Providence, Vin
cent, Providence ; brig Exact, Johnson, N York ; schr
Henry, Paine, Boston ; schr Henrietta, Hughes. Balti
more.
BURKE Sheriff’s Safe.— Will beTsold
on tlie first Tuesday in January next, at
the court-house door, in the town ofWaynesboro,
between the usual hours of sale, three hundred
acres of land, more or less, adjoining lands of
Moses Walker, Boyd, and others, levied on as
'.he property of William H. Byne, to satisfy an*
execution in favor of Nancy M. Dillard, execu
trix of John Dillard, vs. Enoch Byne principal,
Harmon Hust, security, and William H. Byne,
security on appeal. Property pointed out by
plaintiff’s attorney. H. J. BLOUNT Sh’ff.
November 23th, 1845-
BURKE Sheriff’s Sale. —Will be sold
on the first Tuesday in January next, be
fore the court-house door, in the town ofWaynes
boro, between the usual houisof sale, the follow
ing property, to wit: one negro woman named
Aclaline : levied on as the property of John Cox,
administrator of Morris Smith, deceased, to
satisfy one execution in favor of Green B. Red,
transferred to Michael Mixon vs. John Cox, ad
ministrator of Morris Smith, deceased, and
Alexander J. Lawson, executor of Edward Hatch
er. deceased.
JETHRO THOMAS, Deputy Sheriff.
November 28th, 1845.
Postponed
BURKE Sheriff’s Sale.—Will be sold
on the first Tuesday in January next, at
the court-house door in the town ofWaynesboro,
Burke county, the following property, to wit:
three negroes, Stephen Jim and Shadrick; levied
on as the property o< Enoch Byne, to satisfy one
execution in favor of Eli McCroan vs. Elijah
Byne principal, and Enoch Byne security; one
in favor of Moore & Davis vs. Enoch Byne
one in favor of Thomas Davis vs. Enoch Byne;
onein favor ofCress& Turpin vs. Enoch Byne,
principal, and Elijah Byne security.
H. J. BLOUNT, Sheriff.
November 28th, 1845.
| EFFERSON Sheriff Sales.—Will
*-f be sold, at the market-house, in the town of
Louisville, Jefferson county, on the first Tues
day in January next, within the usual hours of
sale, the following property, to v it: one hundred
and thirty acres of oak and hickory land, more or
less, lying on the waters of Big creek, adjoining
lands of R. L. Gamble, Henry Battey, and others,
levied upon to satisfy a mortgage fi fa issued
from the Superior Court of Jefferson county, in
favorof John Owens \s. Henry Skinner. Proper
ty pointed outin said mortgage.
Also, at the same time and place, four hundred
and thirty acres of pine land, more or less, i ad
joining lands of L. B. Bostick, A. B. Walker and
others, on the waters of Rockv creek, levied upon
as the property of Henry P. Watkins, to satisfy
one fi fa issued from the Superior Court of Jeffer
son county, in favor of Henry B. Todd vs. Henry
P. Watkins and William Kilpatrick. Property
pointed out by defendant Watkins.
Also, at the same ti ne and place, five hundred
and seventy-seven acres of pine and swamp
land, more or less, levied upon as the property of
John B Watkins, to satisfy a fi fa issued from the
Superior Court of Jefferson county, in favor of
Henry B. Todd vs. John B. Watkins and Henry
P. Watkins. Property pointed out by John B.
'Watkins. WM. S. ALEXANDER. Sh’ff.
November 28th, 1845.
f | TALIAFERRO Sheriff’s Sale.--Will
-JL be sold before the court-house door, in the
town of Crawfordville, Taliaferro county, on the
first Tuesday in Januarynext, between the usual
hours of sale, the following prope ly, to wit :
one tract of land containing two hundred and
seventy acres, more or less, adjoining lands of
Elizabeth O’Neal, John Harris and others, where
on Newton Cooper now lives, levied on by three
justice’s court fi fas in favor of Pierce O’Leary
vs. M S. Guise and D. A. Farmer, transferred
to John Danis'; levied on as the property of
D. A. Farmer ; levied on and returned to me by
a constable. Property pointed out by John L
Bird, plaintiff’s attorney.
WM. ALEXANDER, Sheriff.
November 28th, 1345.
A I )M1 IN ISTR ATORS’ Sale—VVil J
J*. he sold on the 23d day of December next,
at the late residence of F. J. Rheney, deceased,
the crop of corn and fodder, and stock of hogs
and cattle, horses and mules, one forty saw gin
and running gear, one road wagon, one buggy,
farming tools, household and kitchen furniture,
a lot of fine pork, and many other articles too
tedious to mention. Sale to continue from day
to day until all is sold. Terms made known on
the day of sale.
ARTHUR R. CHEATHAM, }. . ,
MILLEDGE MURPHEV, $ Admr s -
November 28, 1845.
| AAA LBS OF FRESH NEW
JL A/AJvf INK, from the Boston Ink Fac
tory, in kegs of 18,20 and 501hs. Received by
029 " DUNHAM & BLEAKLKY.
THE POOR MAN’S PLASTER.
A Cheap and Pleasant Preparation
affording an Rffoctual Relief for Pains in
the Side and Breast; Weakness or Oppression
of the Chest; Pain or Weakness of the Back or
Loins.
In Colds, Coughs, or Asthmatic Affections
they will be found to give decided relief.
Prepared and sold by WM. HAINES, Jr,
mar6-tf Druggist & Apothecary, Augusta