Newspaper Page Text
J W. & W. S. JONES.
Chronicle anh Sentinel.
AUGUSTA, GA.
WEDNESDAY MORNING, DEC. 3.
Gentrai. Bank Report. —We present to
day, that portion ol the Report of this institu
tion, made by the Committee of investigation
appointed by the Governor, the publication of
which has been authorised by the Legislature.
The documents accompanying the Report are
said to be very voluminous and will not pro
bably be published.
35" The detention of the Cars on the Georgia
Road, yesterday morning, was caused, we
learn, by running off of a freight train, which
obstructed the passage of the mail train for
several hours.
Savannah Election.— Private letters from
Savannah, received here by the mail yesterday,
mention the occurrence of a regular row and
fight at the municipal election in that city on
Monday, toque]} which the aid of the military
was invoked. The Mayor, Dr. Wayne, had
his arm broken, and other persons were more or
* less injured,
A True National Spirit.— One of the
Editors of the Louisville Journal, who was
present at the Memphis Convention, writing
home on the subject, gives the following spirit
ed account of an incident of that Convention,
more truly national in its character, and mute
cheering to the hones of the sincere friends of
this Union as it is, than almost any single oc
currence we remember ever to have heard or
read of:
“ On Saturday evening, Mr. Cist, of Cincin
nati offered a resolu ion proposing that the Cap
itol of the Union be removed to the West. Ol
course, Mr. Cist means to Cincinnati. I never
was better pleased in my life with any thing
than with the prompt, hearty, loud, and uni
versal ay with which the house resounded on
the motion to refust to receive the resolution. I
said universal ay, but there was one loud no
from the mover, and a squeaking tenor from
another person, who has at the same lime a modi
cum of shame. A greater blow could not by an v
possibility be aimed at the Union than the re
moval of the Capitol from the citv which bears
the name of Washington, the father of his
country, near which the bones of that great
man repose, anti where public structures worthy
of the nation and monuments to the illustrious
dead have been reared —a city so associated
with the Union and its whole history that the
idea of nationality and the last remnant of the
love of country would be destroyed if this
wretched and selfish project were carried into
operation. Nothing could have been more
gratifying than the noble manner in whi»h the
proposition from Cincinnati was scouted by
the whole Convention, excepting only the mover
and the seconder —a Convention sectional in
its nature, composed chiefly of Western men, i
met to promote Western measures. There
could not well have been a more charming or
striking display of the love of country.”
Things In Milledgeville.
Correspondence of ike Chronicle Sentinel.
Milledgeville, Nov. ‘29, 1815.
In Senate, the President presented a memo
rial from the Trustees of Emory College—re
ferred to the committee on education.
Mr. Miller introduced a bill for the sale of
all the ungranted lands in the State—that is, all
lands acquired since ISIS, excepting the lots
drawn by orphans, or specified in the act of 1813.
I'o be sold at Milledgeville, to the highest bidder,
by the Surveyor General, under the direction of
the Governor, after sixty daj-s notice in the pub
lic gazettes. All the commons, of any town or
city, belonging to the State, are to be sold upon
terms to be prescribed by the Governor when
ever the municipal authorities thereof shall
notify him that it may be done without injury
to the said town or city. One half the proceeds
to be paid into the Treasury, the other half to
belong to the city- or town. In both cases pur- i
chasers are to be entitled to a grant without fee, j
upon payment of the purchase money.*
Mr. Lewis offered a joint resolution which j
v;as adopted, declaring that no appropriation of
money shall be made for any account, claim or !
demand, unless such account or claim shall \
have been referred to the appropriate commit- |
tee, investigated and reported upon,
A bill to pardon Burton, of Green county, now'
confined in the Penitentiary on a sentence for
life, for thekillingof iiis brother-in law—passed, j
yeas 28, nays 13.
The bill to amend the 7th section Ist article |
Constitution lost yesterday was reconsidered.
Mr. Hull reported the Tax Bill—lso copies ■
ordered to be printed.
The bill to repeal all laws prohibiting the free
introduction of slaves, after being discussed by
M essrs. Harris and Strong, was rejected—yeas I
41, nays 55.
Mr. Berry, from Committee on Internal Im
provement, reported a bill to extend the W. &
A. Rail Road to Cross Plains, and provide the
means therefor. This bill gives the income of
the Road for the purpose, and in case that is
not sufficient, (hen the Engineer, under the di
rection of the Governor, is authorised to raise
not exceeding 550,000 per annum for said pur
pose. Bonds not to he sold for less than their
nominal value. Also a bill to fix tiie salary of
said Engineer at 52,400.
The bill for the relief of securities and endor
sers of bankrupts was discussed by Messrs.
Ward and Harris, and lost by the sound,
Mr. Martin—a bill authorising the Clerks of
Courts to issue all writs or declarations against
defendants for debt 1 The idea is to lessen Ike
trouble of lawyers.
Mr. Barrett, to authorize tiie Faculty of the
Medical College of Georgia, by unanimous
v °ie, to confer the honorary degree of M. D.
a »d to exempt the professors in said institution
lf oni militia and jury duty.
AH the hills o! the House nut already disposed
01 Were the second time—alio ell bill* o
th ? Senate, la this, the drudgery of the session,
the morning was consumed. Both Houses ad
journed till Monday morning.
♦This is a measure earnestly recommended
by the Executive, after mature deliberation, and
which 1 trust, will meet the approbation of the
Legislature. Many of the land books in the
Executive office are in a dilapidated condition,
and if they are much longer to remain in use
an appropriation of several hundred dollars will
be necessary to transcribe them. On the present
plan of disposing of the reverted lands, those
books are liable to frauds and forgeries, a num
ber of which have already been detected,'and,
perhaps, by a general sale only can all these
frauds be ascertained.
On the first of January next tiie lands, under
the existing law, may be granted at five dollars
per lot. 1 doubt not that a sale to the highest
bidder will enable the State to realize a much
greater aggregate sum than can be expected
under the present system, and will enable the
Legislature to promptly dispose of a fund which
will facilitate the immediate operations of the
Treasury, whilst it will save the people a con
siderabie burthen of taxation. " A,
CENSUS OF GEORGIA IN 1845.
Whites. Blacks. Rep. Pup.
Appling, 2.033 357 2,247
Baker. 2,728 1,924 3,882
Baldwin, 2,579 4,671 5 500
Bibb, 5,957 4,791 8,831
Bryan, 971 2.387 2,403
Bulloch, 2 145 1,100 2.843
Burke, 4,787 8,819 10,090
Butts, 3,341 2,292 4,716
Camden, 1.721 3,701 3,977
Campbell, 4,705 1,051 5,335
Carroll, 0.482 529 0.799
Cass, 10,229 2.295 11 600
Chatham, 8,425 11,621 15 397
Chattooga, 2,237 732 2,070
Cherokee, 8,753 800 9’236
Clarke, 5,304 4,979 8^351
Cobb, 9.044 1,474 9 928
Columbia, 3.888 7,382 8,317
Coweta, 7 2H 3,700 9*434
Craw-find, 4,620 3,807 0910
Decatur, 3,491 2,890 5~228
DeKalb, 8,810 2,239 10159
Dade, 1,924 103 1,985
Dooly, 4,401 1,780 5.532
Early, 3.001 3 008 4^805
Effingham, 1,810 1,041 2,800
Elbert, 5.925 5.323 9,118
Emanuel, 2 930 747 3,384
Fayette, 5,895 1,619 0 800
Floyd, 4,017 1,604 5 579
Forsyth, 0,911 798 7.389
Franklin, 7,943 2,087 9,195
Gilmer, 4.558 149 4^047
Glynn, 617 3.710 2^843
Greene, 4,515 7.45 S 8 989
Gwinnett, 8.014 2,048 9,242
Habersham, 7,260 1,195 7,983
Hall, 0,817 1,346 7,624
Haticock, 3,642 6,407 7 480
Harris, 7,100 6,972 11,349
Heard, 4.060 1,932 5.225
Henry, 9,069 3,786 1L940
Houston, 7,078 7.568 11'615
Irwin, 2,145 321 2,337
Jackson, 6,265 2,728 7.901
Jasper, 4,562 0,494 8,458
Jefferson, 3,535 4,771 6,397
Jones, 4,130 5,933 7 095
Laurens, 3,258 2,760 4 914
Lee, 2.370 2,700 3,993
Liberty, 1,854 5,517 5,104
Lincoln, 4,383 3,520 0,498
Lowndes, 4,437 1,062 5,434
Lumpkin, 8,979 1,175 9,684
Macon, 3,324 1.870 4,446
Madison, 3,615 1,099 4,634
Marion, 4,701 1,851 5 811
Mclntosh, 1,261 4,369 3 882
Meriwether, 8,625 0,750 12,678
Monroe 7,483 9,157 13,337
Montgomery, 1 399 159 1.674
Morgan, 3,300 0,210 7,086
Murray, 6.100 518 6,470
.Muscogee, 9,711 0,632 13,699
New on, 7,765 4,324 10,359
Oglethorpe, 4 338 0,663 8,325
Paulding, 3,034 775 4,129
Pike, 7,921 3,473 10,004
Pulaski, 3,512 2,399 5,151
Putnam, 3,756 7,183 8,005
Rabun, 1,825 93 i,SSO
Randolph, 7,131 3.953 9.502
Richmond, 0,800 7,230 11^389
Scriven, 2,668 3,154 4,500
Stewart, 8,497 5,744 11,943
Sumter, 4,926 2 515 6.435
Talbot, 8,010 6.176 11,721
Taliaferro, 2,130 2,071 3J32
Tattnall, 1,902 600 2.265
Telfair, 1,986 ’ 767 2,440
Thomas, 4,150 3 899 6,489
Troup, 8.337 7,942 13.102
Twiggs. 3,752 4,084 0,202
Union, 5.670 142 5*755
Upson, 5,740 4,080 8.188
Walker, 7,023 1,044 7M49
Walton, 7,701 4,709 10,580
Ware, 2,733 201 2,853
Warren, 5,975 5,493 9,270
Washington, 6,149 5,123 9,222
Wayne, 935 355 1,148
Wilkes, 3,771 7.271 8,133
Wilkinson, 5.343 1,722 6,376
458.169 310,156
Total population, 774,325
The counties which have lost one member
each, are Hancock, Hall, Morgan, Jones and
Jackson
The counties which have gained one mem
ber each, are Cass, Cobb, Cherokee, Lumpkin
and Randolph.
In 1838, aggregate number of white5..393,191
“ “ “ “ blacks.. 268,982
Total 662.173
Increase in seven years, 112,152.
The Albany Argus, speaking of the commer
cial capabilities of the Western sections of the
Union, says:
The teeming West is a name that has been
frequently given to the West, but it has never
been so fully realised as during this fall. The
arrival of 1,200,000 barrels of flour at the Hud
son river in two months, is but an earnest ol the
future. It is hardly too much to say that (he
imagination can scarcely realize the fertility of
the West. Michigan alone, under an active de
mand, could send 1,000,000 of barrels of flour to
market: and yet that State does not comprise
one-twentieth of the wheat bind of tlie west.
The amount of production is almost illimitable.
It is even now considered enormous when
2,800,000 barrels of flour came down by the Erie
canal in the season of 1845; but that amount,
if a market could be obtained, would expand in
five years to six millions of barrels, and then the
western country would just begin to be culti
vated.
AUGUSTA, GA., THURSDAY MORNING, DECEMBER 4, 1846.
REPORT
Os the Committee appointed to Investigate
the Affairs and Condition of the Central
Banh of Georgia. October, 1815.
To His Excellency Geo. IF. Crawford:
Sir : —The Committee who were appointed
by your Excellency, under a joint resolution of
the Legislature of the State of Georgia, approved
on the 25th day of December, 1843, c: to investi
gate the affairs and condition of the Central
Bank, and report the same, met in pursuance
of their appointment, and entered upon the du
ties assigned to them on Monday, the I2ih of
May last, and continued their labors until the
11th Juno, when they found it impossible to
proceed, or in a satisfactory manner to conclude
their report, which had been completed, with
the exception of the notes in the hands of At
torneys lor collection; and even this item, un
der the best information then before them, they
had carefully examined, and included in what
they termed a Balance Sheet, selling foith to
the best of their judgment the then condition of
the Central Bank, taking lor theirissts the state
of the Bank on the 2d June, 1845, which balance
sheet showed a deficit of $346,172 83, after the
entire capital received from the State, and the
surplus revenue received from the United
States, amounting to 51,051,422 09, had been
merged and swallowed up in the affairs of the
Centra Bank. Two ot the Committee were oi
the opinion, that the estimate as set fonh in the
balance sheet was not sufficient to cover the
loss. It was therefore agreed upon to leave that
document open for future investigation, when
the Committee adjourned to meet on Thursday,
the 9lh day of October, for the purpose of af
fording time to the Attorneys to make their re
port as to the value and condition of the assets
placed in their hands; thus to enable the Com
mittee to decide more advisedly as to the eventu
al condition and solvency of this important item
in the affairs or the Central Bank. One of the
Committee who believed that the deficit slated
in the balance sheet would not cover the loss,
was John P. Lloyd, Esq. of Floyd county, our
late valued friend, and efficient associate, whom,
during our adjournment, it lias pleased Al
mighty God to <: call hence;” and the under
signed, deprived of his important aid, have now
t% proceed to complete the work which he had,
with so much zeal and care, united with them
in investigating.
The undersigned met on Thursday niornins,
the9ih inst,, in conformity with their under
standing when they adjourned, and promptly
proceeded to the discharge of the remaining duty
required of them. At the ouiset, they beg leave
to advise your Excellency that they are com
pelled to blend their previous and subsequent ex
amination? of the affairs and condition of the
Central Bank, so as to condense and bring
them into as small a compass as possible. The
basis, however, upon which this report is now
marie, is, the slate of the Central Bank on the
13th of October, 1845.
On the first meeting of the Committee, in
May, some time was spent in endeavoring to
reconcile the books anti accounts of the Bank
with previous examinations and Reports ; the re
sult was a conviction that the object ot the
Legislature, as expressed in the resolution,
could only he accomplished by taking up the
books of the Bank from its commencement, and
presenting such tabular statements of its opera
lions as would exhibit a history of its proceed
ings, and a view ofils actual condition.
By the terms of the resolution under which
they are acting, the committee are required to
“investigate the affairs and condition of the
Central Bank, and report the same;” (heir duty
is therefore limited, as they believe, to such an
exposition of the affairs and condition of the
Bank as may enable the Genetal Assembly
thoroughly to understand its past operations,
and present condition. This the Committee
believe will have been accomplished by the ac
companying tables, which present, without
comment on the part of the Committee, (except
so far as that was necessary for explanation,)
a plain statement of its operations through the
successive years of its existence, and the re
sult, of its present actual condition.
The Committee have supposed that the reso
lution under which they were acting required
from them such an exhibition of facts, as would
enable the Legislature to determine what pro
ceedings in relation to the Central Bank, would
best promo'e the interest of the State of Geor
gia. But that they were not called upon by
that resolution, and therefore were not author
ised, to express the opinions which they may
have formed in the course of that investigation,
except those which relate to the availableness
and actual value of the assets of the Bank.
They trust that they have succeeded in perform
ing the humble task which has been assigned to
them, of collecting, arranging and collating the
facts which are necessary to a just understanding
of “The affairs and condition of the Central
Bank of Georgia.”
In the execution of the task which has been
assigned to them, the Committee present, first, a
descriptive abstract of the documents which they
have prepared, which documents, they beg
leave to ask vour Excellency to consider as a
pan and portion of this Report.
No, 1. A Genera] Statement of (he condition
of the Central Bank, on the 13th October, 1845.
No. 2. A Statement of the Capital Stock of
the Bank showing the original amount received
from the Stale, how increased or diminished,
and ihe items which now constitule its capital
stock.
No. 3. A Statement of Discounts received on
notes and bills lor each financial year of the
Bank, and how they have been appropriated or
absorbed.
No. 4. A Statement of impressions ordered
from Ihe commencement of the Bank, to the
last order issued, amount issued, date when
burned, and the circulation of each emission.
No. 5. A Schedule ofNoles running to matu
rity.
No. 6. A Schedule of notes lying over, and
not in suit.
No. 7. A Schedule of notes in the hands of
attorneys.
No. 8. A Schedule of notes submitted by the
Cashier as worthless.
No. 9. A Schedule of bills of exchange ly
ing over and not in suit.
No. 10. Recapitulation of the notes in the
hands of attorneys for suit, with fi. fas. and ex
ecutions returned as insolvent.
No. 11. A Statement showing the amount of
salaries of the officers of the Bank, as established
bv the Legislature for each year, from 1829 to
1845 inclusive, and the amount paid by the Bank
during these yeais, and by whom received.
No. 12..A General Statement shewing the
Incidental expenses of the Bank, from its or
ganization up to the present time.
No. 13. A Statement in detail of Profits and
Loss.
No, 14. A Statement of the various distribu
tions, the time when made, the amounts thereof,
the available means of the Bank, and the time
when such distributions were ordered.
No. 15 A Statement of Incidental
expenses paid dPhecount of the BankofDarien
and blanches, and to whom paid.
No. 1(5. A Table exhibiting the annual ex
penditures and profits ol the Bank, from all
sources.
No. 17. A Balance Sheet, shewing the lia-
bilities and resources of the Central Bank of
Georgia, on the 13th day of October, 1845.
1 he documents referred to in the fbregoin o,
abstracts contain all the information which the
Committee have been enabled to collect. They
now proceed to make such explanatory re
marks as may serve to make these documents
more easily understood.
STATE or THE BANK ON THE I3tH OCTOBER, 1845.
The General Statement of the Central Bank
has been drawn up with much care. The items
comprising the amounts paid to the Commis
sioners of the Western and Atlantic Railroad,
and interest paid on the State 6 percent Bonds,
issqgilfor its use, amounting to $680,101 70,’
appears to the Committee as a fair charge
against the State of Georgia by the Central
Bank, and may be considered as a good set off
against the 8 per cent Bonds issued by the State
so as to enable the said Bank io relieve its cir
culation, and other pressing demands.
The items of Railroad and Bank stock, bonds
and notes received from the Stale, amounting
to $558,9 /1 51, is considered by the Committee
as a total loss, with the exception of a claim
upon the Bridge at Macon, for $7,500, and the
bonds of the Corporation of Columbus, (orslo,-
85G 80, which may eventually be realised.
‘ The amount which appears on the stare of
the Bank under the head ot “United States
Surplus Revenue,” amounjing to 1.051,422 09,
was placed in the Central Bank under an act of
the Legislature, passed the 28th December, 1836,
placing the amount on deposit, to be loaned out’
and io he refunded from the discounts made
therefrom, when called for by the General Go
vernment.
In the item to “The Credit of Individuals,”
will he found $14,264 37 remitted bv attorneys,
which has been placed to their individual credit ,
instead of giving the notes of the parties from
whom it was collected, the proper credit. This
arises from Ihe fact, that in their letters or re
tin ns to the Cashier, they have not specified, the
note or notes upon which the collections have
been mad- 3 , and which should have received the
credit. Such n course is fraught with injustice
to the parties who have paid, and are continued
to be ieported as In default, and also injurious
to the interest of the Bank.
CAPITAL STOCK.
The Bank commenced operations
in January, 18k9, with an active
capital and cash assets paid over
by the Comptroller General and
Treasurer, of 81,873,699 67
The Capita! Stock was annually in
creased, from 1839 to 1837, by the
proceeds of sales oFLots and Frac
tions, Stocks. Public Lands, Dis
counts, Dividends, ic 759,797 30
2,632,496 97
In 1837 the Capital Slock was de
creased, under acts of the Legis
lature, and by the sale of Stocks-- 396 055 33
In 1838 Capital Stock was decreased 430,267 32
1,806 174 27
“ 1839 “ “ >< 494,356 36
1,311.817 91
“ 1840 “ “ “ 381',236 47
930,581 44
“ 1341 “ x 163,332 84
762,248 60
“ 1842 “ “ “ 5,646 93
756,601 67
1843 “ “ increased 23,143 87
779,745 54
“ 1844 “ “ decreased 234,651 40
545 094 14
“ 1845 “ “ “ 61,963 12
Agreeing with the state of the Cen
tral Rank on the 13th Oct. 1845 •• 8483,231 02
The Capital Stock is now composed of the
following items:
Stock in the Bank of Darien 8325,000 00
“ in the Brunswick Canal 50,000 00
Bonds and notes originally received
from the State, and remaining on
hand :.... 183,971 51
8558,971 51
EMISSIONS.
The Centra’ Bank of Georgia made three emis
sions of its Notes, viz:
The first under distributions, amount
ing to 8744,000
The second under distributions, a
( mounting to 1,000,000
The third under distributions, amount
ing to 144,000
81,888,000
As appears by the Books of the Bank, the fol
low ing amounts have been burned:
In 1833 819,000
In 1834 35,000
in 1837 207,8‘>7
In 1843 837,651
In 1844 644,445
1,743,923
Notes of the Centra! Bank on hand- - • 76,327
“ “ “ “ in circula
tion on the 13th of October, 1845- • 67.750
81,888.000
SALARIES.
A reference to this document will show the
amount of salaries paid to the officers. On the
Ilth November, 1841, a law was passed by the
Legislature, directing that the salaries of the
public officers and ol the officers of the Central
Bank shall be reduced “at and after the rate of
30 per centum on the amount now allowed by
law.” The officers of the Central Bank not
having complied with the requisition ol this
act, the General Assembly, on the 25th day of
December, 1843, directed and required His Ex
cellency the Governor to have the bonds of the
officers sued for the recovery and refunding the
excess drawn in violation of the law reducing
their salaries. The Committee have under
stood that such suits have been commenced,
and are now pending in the Superior Court of
Baldwin county.
DISTRIBUTIONS.
It will be seen by reference to this document,
that the state of the Bank shows a surplus (und
on hand of from one hundred to five hundred
thousand dollars over and above all its liabili
ties at the date of the respective distributions
ordered, down to the year 1837. That the dis
tribution of $750,000 ordered on the Bth day of
June, 1810, was at a period when, instead of
the Bank having a surplus on hand, it was
liable to be called upon for the sum of $556,-
892 73, over and above its cash assets, which,
added to the amount of distribution ordered,
presenis a liability of $1,306,892 73, which the
Bank had incurred, to be cajled upon lor re
demption.
It further appears by this document, that the
two distributions in the year 1837 were ordered
under the expectation that the State would re
ceive its lull share of the surplus revenue from
ihe General Government. This amount hav
ing fallen short, the Bank had recourse to the
local banks of the Stale for a loan of $388,215 j
61, to carry out the distributions so ordered, and
subsequently borrowed $300,000 in New York
to enable it »o pay off a part of the loan to the
local banks. A moment’s reflection, without
further comment, will readily show the de
structive policy of such financial operations.
NOTES AND BILLS DISCOUNTED.
The State of the Bank calls for $980,298 65,
in Notes and Bills of Exchange discounted.
By a reference to the abstracts accompanying
this report, from No. 5 to No. 10 inclusive, a de
tailed statement will he found ot the names of
; the makers, and endorsers of each note, its
amount, the time when due, and the county in
which the maker resides, so far as it could be
ascertained. This item derives great impor
tance from the fact that upon it depends almost
exclusively the means of redeeming a portion
of the liabilities of the Bank. It has therefore
engaged much of the time of the Committee,
and every effort has been made upon their part|
by a careful examination ol the returns made
by the Attorneys, so as to arrive at the nearest
estimate of what may be the ultimate value of
these assets. It will also appear upon a re
ference to Abstract No. 9, that the names of the
endorsers on the drafts of R. H. Hines, for $lO,-
600, have been erased. The attention of the
Committee was naturally directed to ihe in
quiry, by what authority were the endorsers
upon these drafts so released ? vhen they were
informed that in lieu thereof, the Bank had re
ceived a residuary claim on six lots of land, in
the 12th district of Baker county, and an undi
vided interest in 9,300 acres of land in the State
of Mississippi, as will more fully appear by a
reference to the minute book of the Bank, under
dale of the 10th of June, 1842. The Committee
have further understood, that a previous claim,
held by the Bank of Milledgeville, will more
than absorb the proceeds of the land when
sold.
The Committee, therefore, proceed to submit
the following statement as the most favorable
view they have been enabled (from the docu
ment and information before them,) to take, of
the “Notes and Bills discounted,” and now
held by the Central Bank of Georgia, viz:
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BALANCE SHEET,
With the following document, exhibiting the
liabilities and resources of the Central Bank on
the 13th day ol October, 1845, close the labors
of your Committee. They have with zealous
care endeavored throughout their investigation
to do impartial justice to all, and have waived
giving an opinion where it was posssibie, in
justice to themselves, or a fair understanding of
the subject.
LIABILITIES.
Eight per cl. Bonds
issued for the aid
of the Banks, in
the redemption of
her circulation. - - - $684,672 80
Deposite to the cre
dit of individuals, - - . 88,186 84
Notes of the Bank
in circulation, - 8144,077 00
Notes on hand - 67,750 00 67,750 00
8840.609 64
RESOURCES.
From the the Old Bonds, Notes, &c.
the Bank may receive the debt
due from the Bridge at Macon,
and from the city of Columbus, $lB 356 80
From the Notes and Bills of Ex
change, amounting, as per state
of the Bank to $980,298 65, there
may eventually be realised, - 433,658 64
From sundry balances in other
Banks, 6,066 23
From the Cash Balance, as per state
of the Bank, amountingto $175,-
237 16, there is only of available
cash, in current bank notes, gold
and silver change, - - . 18,304 04
Deficit over and above the resources
of the Central Bank on the 13lh
day of October, 1845, - - 364,223 92
8840.609 64
RECAPITULATION.
The Capital Stock *
in 1837 amounted
to - - $2,632,496 97
Deduct which may
yet be realised, - 18.356 80
1 $2,614,140 17
The Surplus Re
venue received
from the United
States, .... 1,051,422 09
Notes and Bills of
Exchange dis
counted, per state
of the Bank, - 8980,298 65
Deduct amount
which may be re
alised, '- - 433,658 64
$4,212,202 27
Deduct paid by the Central
Bank, per state of the
Bank, to the Commis
sioners of the Western
and Atlantic Rail Road,
and interest paid on the
6 per ct. bonds issued by
the State for the use of
said road, .... 680,101 70
$3,532,100 57
The above recapitulation shews that, since
ihe year 1837, the Central Bank, by Legislative
enactments, and its own operations, has ex
pended 83,532,100 57, and that the State has
now to provide for 8364,223 93, to relieve it
from its present responsibilities.
All ol which is most respectfully submitted.
JAMES HUNTER, \ Commis -
JERE’H BEALL, J sioners.
State of the Central Bonk of Georgia, on Monday,
October the 1 3th, 1845.
DR.
To Capital Stock, - - - $483,231 02
“ United Slates Surplus Revenue, 1,061,422 09 1
VOL. IX—NO. 145.
“ State 8 per cent. Bonds, - 684.672 80
“ Credit of Individuals, - - 88,186 84
“ Balance of Ist emis
sion, C. B. N. - - 41,901
“ “ 2d “ “ - 86,830
“ “ 3d “ “ - 15,346 .
Total - - 62,451,589 75
CR.
By Bank Stock. - - ' 325 000
“ Bonds, Notes, &c. received
from State, - . . 183,971 51
“ Brunswick Rail Road and
Canal Stock, - - - - 50 000
“ Notes discounted, - - 765,506 84
“ Bills “ ... 214,791 81
“ Commissioners W. & A.
Rail Road, - - . 419,078 63
“ State Bonds, . . 186,316 01
“ Sinking Fund, - - . 74,607 06
*• Suspense Account, - - - 6,371 51
“ Penitentiary, .... 2,200
“ Protest Account, . - . 141 75
“ Real Estate, .... 236 34
“ Stale of Georgia, ... 100
Merchants’ Bank, N.
York, - - 885 09
Bank of Augusta - 2,875 87 •
“ Slate Georgia, 2,149 52
“ Hawkinsville,
Macon, - - 155 75
Bank of Darien, - 32,695 48
“ “ Macon, 4,917 67
Bank of Darien, Mil
ledgeville, - - 4,351 75
By Notes and Checks, - - 175,236 16
$2,451,589 75
Snow.—The Baltimore Patriot says:—We
have had alight fall of snow this evening, with
a prospect of its continuance during the night. '
Wind north-east.
f!3rThe Members of the several MA
SONIC FRATERNITIES in Augusta, are no
tified that there will bean Election held at the
Lodge Room, Masonic Hal!, on FRIDAY EVE
NING, the 12th inst., at seven o’clock, for a
Trustee of the Masonic Hall, to supply vacancy
occasioned by the demise of Alexander Macken
zie, Rsq. #
By order of the Chairman of Trustees.
dS-swtd ALLEN, Secretary.
CO M ill RRCI AL.
New York, Nov. 28.
Exchanges on London we quote 108 a 1081 ; Paris
26}: Amsterdam 39 fa) 391; Hamburg 35 (3) 35}
Bremen 78 Od 78}. . *
Cotton— The sales of cotton to-day have been about
1200 bales, chiefly to manufacturers, though some
small portion has been taken by shippers to Liverpool.
Prices have recovered the depression caused by the re
ceipts of the unfavorable news per Britannia, and are
now fully as hi eh, and in middling fair and fair quali
ties of Mobile and New Orleans } cent above those cur
rent a week ago. The supply of Uplands on the market
is now very much reduced, and holders ask and ob
tain extreme prices for all descriptions. The arrivals
for a week past have been quite limited, and as there is
but a small quantity on the way from the Atlantic ports,
we cannot look for any decline at present. It is esti
mated that the entire stock on hand, for sale, is some
what short of 15,000 bales. Freights to Liverpool are
firm at 5-I6d for square, and |d for round, though one or
two vessels have taken small lots to fill up at }d.
Upland <5- Florida. Mobile Sr New Orleans.
Inferior fa) _ ® _
Ordinary 6 (d) 6} 6} fid 6}
Middling 6} Cal 7 7} (ft 71
Middling fair 7| (d) 7S 8 ® 8}
Fair 7} (d) 7| 8} (a) S|
Good fair 7| (at 8 9 (d)9k
Fb> e (d) lO ®lo}
Flour— There was a good demand for Western to-day,
and all that was to be had, afloat, was taken at $6,75.
The large holders in store will not take under $7, and
we doubt if any quantity could be bought for less than
that figure. The privilege of 1000 bbls good Michigan,
on the arrival of the next steamer, was taken at a shil
ling. 1000 bbls Brandywine, to arrive, was sold at
$6.87}, and 400 bbls Baltimore at $6.62}, delivered.
Michigan and Ohio is firm at $6.62} (d) $6.75. 400 bbls
Fancy Ohio was sold at $7.37}.
New Orleans, Nov. 26.
The sales of Cotton yesterday proved larger than we
were informed, having reached 7500 bales, instead of
5000 bales as reported by us To day, again, the sales
are very large, exceeding 8000 bales at yesterday’s
rates, which ate unusual operations, when we consider
that to-morrow’s mail may bring us sixteen days later
news, which is generally looked forward to withgreat
interest.
COTTON STATEMENT,
-Stock on hand Ist Sept. 1845 Bales 7,705
Arrived up to the 26th Nov —..274.223
Arrived to day 1,003
282 931
Exported up to dale 170,178 ’
Exported to-day 7,480-177,658
Stock on hand and on ship-board,not cleared.. 105,273
Sugar-- The sales amount to about 700 hhds, but at a
lurther decline, of }c.
Afo/t/sses-The market opened without animation and
prices gave way, when a fair business was done at 20
to 20}c.
Flour— There has not been much doing in this arti
cle to-day—we heard of an offer of SSBO for a Kige lot
of Ohio, which was refused; in fact, there is a large
quantity held on speculation, purchased at lower pri
ces, so that Ihe owners can calmly wait the steamer’s
advices without much risk, which circumstance ren
ders them very independent, and no lot of magnitude
could have been purchased to-day under $6,
Freights— The arrivals have been very numerous,
but as long as Cotton purchases continue as large as
during the last two days, there is no likelihood ofa de
cline in freights. One ship has been taken for Glas
gow at O-P’d.
Exchange— With the certainty of a further ample
supply of Bills there can be no change for the better.
We continue our quotations of Sterling, C}to7iaFct
pi em ; Paris 5135 to 5f37* ; N York, 2} to 2} ct dis_
MARIME laIST.
-Savannah, Dec. i.
Arrived —Br barque Grampian, Graham, London ;
barque Roman, Doane, Boston; steamer Hamburg,
Philpot, Augusta.
Charleston. Dec. 2.
Arrived— C L brig Linden. Knndson, New York.
Cleared— Sclir Stranger, Axwoithy, Havana; schr
Zenobia, Brown, Baltimore.
NOTICE. —All persons having - de
mands against the estate of Janies Reed,
late of Lincoln county, deceased, will present
them the time prescribed by law; and
those indebted will make immediate payment.
REBECCA FLEETWOOD, Exe’x.
December 3, 1845. Itw*
NOTICE. — All persons having- de
mands against the estate of William
McDade, late of Richmond county, deceased, will
present them within the time prescribed bylaw;
and those indebted will make immediate pay
ment. F. F. BRANDON, Adm’r.
December 3, 1845.
EXECUTORS’ Sale.—Will be sold,
at the Market-house, in the city of Augus
ta, on the first Tuesdav in February next, the
following property, belonging to the estate of
Martha Tory, deceased, viz:—Masseppi and her
child; Marshall, a man 30 years old, Stephen and
Mary his wife, and their three children, and Eliza,
a girl, 17 years old.
Also, one hundred and fifty acres of swamp
land, more or less, about five miles below Augus
ta, bounded by Phinizv, Lamar, &.C., all sold by
virtue of an order of the Inferior Court of Rich
mond county, when sitting for ordinary purposes,
for the benefit of the h»irs and creditors.
WILLIAM P. DEARMOND, > qualified
JOHN P. KING, { Exr’s.
December 3,1845.