Newspaper Page Text
[VOL. ll.]
AUGUSTA- PRINTED RY DANIEL STARNES & Co. WEST END OF BROAD STREET.
CUT NAIL
MANUFACTORY.
the SUBSCRIBER,
HAVING purchased out the CUT NAIL
MANUFACTORY trcm Via Wslch,
inform* public that he now carries oa
the business, at the corner of Waflrngtun &
Ellis-fVreets, nearly oppolite to Calff-xy and
Buflin’s Tavern, where Cut Nails of all
kinds -re made and lold on the fame terms,
Mr. Welch formerly furniflied then*.
A perlon engaged hy me Su fcriher, ha
tini! I»ng been a wantman in 'his bufi.efs
and for some time in the employ of
Mr. Welch, the public may drptnd oa
having Nails of the heft quality—and
„ t hc Manufactory is wel: fuppiird with
ftock,.anv quantity of Nails, will be fur
pilhcii at the flnrteft notice.
A fuppiy of Nails will also be conQant
b kept at the Store of Jacob Danforth, on
Jroad Street, where, as well as at the Man
ufactory, purchslers may at any time be
furnilb' d with Nails of any size—& at both
piaces the prices will be the fame.
JACOB DANFORTH,
February 8
BANK OF AUGUSTA.
Tli* SuMcripiion for the Stock being fil
led, the superintend uts hereby give notice,
that an elcdlion wi'l be holden in Augusta,
un Monday the 18th June next, e
Houle of Calflf.ey & BuQin’* tor thlrteo
Director!, in conformity to the 4th Arti
cle of thc'affociation.
Richard Tubman,
Tb. mas Cummins,
|AMt»G*HDNiI, *
jaM ea S Wa dUrK, *
John Howards.
May 1 4 (df
’ t
NOTICE.
WILL BE SOLD,
On the 25th day of J ne next, at the late
refideßce ofNicholas Meriwether deccsascd
between the hours of ten and two o'clock,
A WAGGON & GEAR
Terms made known on the day of Sale.
THOMAS iM.iRIWErHER.Ex r.
May .4. $t
NOTICE.
TO all ni t'O is in arrears for
Tax, for the year 1 809, Executions will
Le immediately alter the ti6th inst.—You
haa beit- come forward & lave exp enls.
HOLLAND M'TYREf t,.c. b.
r> ”v\~
Administrat
will. BE V
At the lk>ule of
ber on Satffrtiay the
ol May next, the whole of the
pefonal Eltai£ of,J.ohn C(>£>bs,
Mq. of
boufehold furniture' on(y
tetms will be made known on
be day of Sate. ‘
ThouUs Cobb. c , admV.
April 9.
Executor s Stile.
WILL BE SOLD,
AT the late relidence of N. B.
Maoruder dec. (Columbia
county) on Monday & Tue!*-
fl ay the twenty fifth and
twenty sixth of June next.
A part of the perlonal eljate
oilaid deceased, Confiding of
a quantity ol Bacon, Com,
Houlehoid and Kitcheu furni
lurc > and sundry other article,
a| l of which will be fold on a
oedit of six months.
Win. Magruder Ex’r,
April 9.
SELLING OFF.
THE .SUBSCRIBER,
W lining to leave the Rate in a
® ,f >rt time offers for lale the
he has on hand on
' cr V n.oderate terms, it chiefly
; c< ? rillt U of a small aflortmetu
of
DY GOODS,
Suitable for the Season.
Abraham A. Legget,
May 7.
Executions
b or Sale at inis Office.
MIRROR OF THE TIMES^^
PLANTERS STORiir ±
THE President and direOors of the Petei{burg Mercantile
company (agreeable to a resolution entered into by thc Hock
holders at their fir It general meeting held at their Store on Mon
day the 2d inff.J pre'ent to the publick their aiticlys of agreement,
with a summary Hatement of their transactions. In doing which
they think it their duty to premifethat althn the times when their
business commenced were very unfavorahle, and only one halt of
their capital Hock fubfciibed for was actually employed, they
have been able to shew a nett profit of five dollars and one third
on each [bare. This they p r elunie will be a better comment on
the utility and avantages likely to accrue to thole concerned in
this company than any argument they could advance.
They further give nonce that their Subicripiion Rooks will be
kept open for those who choose to lubferibe, until the full day
ot January next,at which time they will bedded.
W. BARNETT* Pieaident,
S. HILLY ER, |
11- JONli'r, ) Directors.
May 7, 1810.
-ARTICLES OIw^+tEEALENT
PLANERS STORE,
IN
PETERSBURG, GEORGIA .
WE whose names are hereunto subscribed, do by these pre -
srnts mutually covenant and a grte to loim a crpannt rslup lor the
puipo»e ol carrying *oti trade in the-town oi Petersburg, Georgia, and
at such other piacc or places, as may hereafter be agteed on by a ma
jority of v tiles ; and from tht-nce to any pan of ilie world, in buying
and selling goods, wares, merchandize and produce, under tile nam- '
and style of President and Dheciors ot the Petersburg mercantile Com _
party.
iind that the following are and shall be the fundamental article* ot a
greiment lor this associatiation, by winch wfc end at pet sons transact
ing business with us shall be bound and concluded.
Article Ist, lUR capital stock ol *aiU company shall be Thirty
7 housa nddollars, which may be increased m manner and form |»tu:-
aiter pointed out; but shall not exceed one hundred thousand dol
lars, unless it be otherwise determined by the const. Ht ui tw o thirds o;
alljihe votes in said company. /
Art. 2d* Thc said capital shall be divided into six hundred share*
of Fifty dollars each, and sttaJl be taken by' subscription, each subscri
ber taking as many shares as he may think proper, not exceeding fifty ;
shall be paid by installments as fallows ; At the time ol
Yigniffclhp agreement and chousing directors, tliere slialit be paid into
said directors the sum oi live per centum on each share ;
V ftfljflPrfmUirst day ol L‘ectmbcr thereafter, die sum of twenty I
per ct4jrt, v ancllen the first day of January thereafter the sum ot twenty
oHn.—lt eleven months ihereuiter, the sum of fifty per cent —
&ydjif apy'subserfbicr or stock ho der fails to pay tiic second insall
. she, or they so tailing, shad forfeit to the use of the company
utfl tifiJeVpaid on the first ; and the president and directors dull un*
'mtcLarely proceed to collect by sun at law so much money from such
(iefiidtcrj as will beNqual to twenty-live per cent, on each snare ho stte
or.'tMf' may have subscribed for ; and in order to facilitate and make
' she collection of money due on share*, it i* hereby
agreed St required, that each subscriber at the lane ul signing
this or Within thirty days thereafter, shall give to the
prtsidwpt and directors his, her, or their note or noic*>, for such sum
or sums as'nlay be coUcjcfetl in the justices courts lor each nisiahneiu
aforesaid,‘pray able at tbs time said iiistaiiuuni become* due j and u
shall be of trip prcsidt-pi and diiectors to give their icceipi
for the money and-rtotes paid ui aforesaid, which receipt, logethci
with the batiks ofcompany, shall be sufficient evidence ol iftc a
mount of stock each subscriber may have therein.
Art. 3d. Ihe business ol the firm shdl be under the immediate
and cxclutftve direction of a president and lour directois, who sliaii
be appointed in manner & form following (i. e.) At thc first general
meetiug of the stock-holders, to he held alter the amount ot stock is
subscribed for, and at every menial general meeting thereafter, there
shall be eleeltd by the slock holders, by balloi, live directors, who
shall remain in oihee three years, and until successor* to them are cho
sen, whose duty it shali be to choose from among themselves by bul
lot, a president, who, with the advice and consent ot the directors, *hai.
i have ptivei to prescribe iole* lor the transaction ot business , —pro
vide m the town of Pctetsburg and elsewhere suitable buildings , h.rc
clerks and assign them there wages ; and to do all things winch in their
judgement will best promote the welfare oi iuteiesi of this company ;
Provided nevertheless, that in no instance shall their power exumi to
the performance of any act which will in any manner comruveue or
infringe any article of tins agreement.
* Art. 4-th. If the shares are not all taken by the 4th day of August,
the subscribers shall have liberty a* soon as two hundred diare art
subscribed lor, to elect three directors, who shall choose their o.vn pre
sident as aforesaid i and who shall have poyver to carrv into effect the
ohjrcts contemplated by this association, A shall remain in office three
years, or until the subscription book* aie filled ; at which time they
shall call a general meeting of the stock holders for the purpose of ap
pointing directors, as contemplated by the foregoing article.
Art. sth No person shall be a president or directorm said company
who is either directly or indirectly concerned in any other store mrr.
candle association whatever, or that does not hold in his own right at
least five shares in the stock of ibis company, or that lives a greater din.
tance than twenty five miles from Petersburg j or who i* not a citizen of
the United States, or has not attained the age of twenty-five years,—
Anti after the first election of directors no person shall be eligible to the
office of president or director, who has not been a stockholder at least
twelve months previous to his election. The president and directors
shall receive such compensation for their services as may from time to
time be agreed on by the stockholders, which compensation shall be
.fixed previous to their election:
<S HOLD THE MIRROR U P TO NATURE.”— Shakespeare.
Art fl'h. Whenever u vacancy in ihe uflio»* of p esident ordirr «.
happen, by death, resignation or removal, as the case mav be, r)i
directors shall appoint from among the sto< kh'drierv a person lo j*
die vacancy until the next annual meeting of the stockholders.
Art. 7th. There shall be a general meeting of the stockholders on i,
Ist Mend*) in April annually, unless altered by a majority of votes ; .
which meetings there shall he a chairman and secretary for the tun
being appointed, who shall keep a journal of their proceedings , .uu
the president A. director* shall tht nSt there produce a schedule ol .*;!
transactions ol the firm, the books shall be balanced up to ill. first cv
of January ; and an inventory of ati goods on hand taken,and ,hie
whole proceedings of the preceding year submitted for inspection ,
which statement shall be examined by a committee of live, appointed
for that special purpose from among the stockholders, whos dot) it sbTl
be to report to the then meeting, or to such other meeting of lin
stock holders as shall ihn be agreed on ; and if it rhall appear
titat the president, directors, or cither of them have ncgl.ttetf thue
duty, or been guilty of any fraudulent act towai Js »*ij company
the stockholders, shall iiumcdfately take the report of the toinmtr.
tee iuta consideration, and alur bearing the president „nJ director, )n
their defence or justification of their conduct, if a majority 01 volts as
to number, and amount f stock are against the pres dent, and direc
tor!., or either of them, he or they shall be dismissed from offle*, auj
shall be liable to an action for any loss the company in«y have sustain*
cd through his or their default ; and the stockholders ahull unmediate.
I.V pioceed to the thoice ol persons to fill the vacancies occasioned by
such removal. And at all general meeting* as aforesaid, ill* directors
shall have the privilege of debating, but not of voting.
Art. Btn. hach director s tall be accountable in ins individual ca
pacity lor all losses which the co npany may sustain through his neg-.
lect ; provided that such neglect shah manifestly appear.
Art 9th. The neu protit of the concern for me first year, shall re
main as part of thy capital of said company ; an d at the expn aiion of
the second year the president and directors shall dtciaie a umdeui of
so much of the nett profit as to them shall appeal meet and advisable ;
but the annual surplus of nett prolit abuve ten po. e.nt, (if any tn«re
be,) shall i email) as part of the cup.cal lor two years thereafter ; alter
'Viiu.li tune there shall be an annual dividctu ot ail Hie nett profit, lor &
during the continuance ot die copartnership unless u shall be otnerwise
determined by a majority ot votes. All dtvtdents ueciared shall ba
paid to the stockholders wtiimi thirty days after b.ing so declared by
the dirt ctors as atoresaid. if the directors shall knowing!) a.,d inten
tionally declare a dividend which will dimmish tile capital stock of
said company, every director so consenting to such dividend shall be
answerable tn his individual capacity for so much as the companies
slock shall be diminished thereby.
Art; loth. The prclidem and directors lhall employ two
able and discreet pei lons- lo manage the aifaj,\> of tiie concern
m Peteilburg, who ihall be under their conirol, and manage
according to their directions 6c lhall be dif'willed bora the lei vice \
of the company whenever a majority ol The board of directors
believe they have behaved amiss, or that the concern will Hour*
liir better under ihc management of other perform. T here lhall
be lequi ed of ihetieiks ihc keeping a calh book, and a goods %
book lepaiuie from ihe account book—T he calh book lhall be "T
balanced every week—ihe goods book once a year and as much
olicner as the directors may think proper. All directions from
the ptelident and duecioidto ihc cieiKs lhall be given in wining
it uquued.
Art. mh. The prelident and directors lhall alhft in mar
king the telling prices on all goods received; which prices lhall
not be varied iiom in any initance or on any account without
ihe express direction ol ihc board of directors, and in calc any
clok or other pet lon era ply ed lor the purpolc of vending laid
goods, Hull charge any turn other than ihe price nuikcd there*
on, he lhall forlen the value ol the articles io.d and be unmedi- '
aiely diiinTled from the lervice of laid company.
Art I‘JJi. In the cliuiic ol duectora and in all other cases the
number of votes each stockholder shall be entitled to, shall be in pro
poi non to the stock he sne or they may hold, as follows, via—-h or one
shaic and not txcccdn.g two share*, oi.e votC“*Tor every two shares
above two and not exceeding ten shares, one vote—for every four
bliarcs above len and not exceeding twenty-two, one vote—for every
six siiaic* above twenty-two auu not exceeding lorry, one vote aud
lo« cveiy ten shares thereafter, one vote —Provided, that no stockhol
der, t 'partnership, or body politic,either directly or indirectly, cither
m bis or their own right, or in ihc right (£ai>y other persou shall hav«i
a greater number ol votes than thirty. \
yiRT. 13tli. biockholdeis may vote at all elections, and on all occa-
Tuna relative to this association by proxj , but every person holding ~
such proxy must be a stockholder, and must be subject to such rules fit SC
regulations a, may be prescribed by the directors-
Art. 14ah. The president and directors whenever they shall con
ceive, from the increase ot business id Petersburg, that the capital can
be enlarged without diminishing ihe value ol stock, they shall report
the same to the- stockholders at their next geiictal meeting, when a
committee ol live shall be appointed to enquire into the expediency of
increasing said capital, and to-say, to wnat amount the cap'tgl shall be
met eased, (provided they do not exceed one bundled thousand dollars)
and shall advertise in one ol the Augusta papers and in the Washing,
ion Monitor, that books will be opeutd at their store house in Peters*
burg sixty days thereafter, lor subscribers io the stock - t the a*
mount us which shall be given ; at which nn.e the stockholders shall
be at liberty and shall have the preference ol sibsctibing aay number
of shares in proportion to the nuumer ol share* ha, she, or they may
that uumb..r uses nut exceed fifty and if
shares arc not all taken within thirty da) s, then aud not till tber J , r *
the Looks shall be free for any person whatever, stockholder or oth'
wise, to subscribe any number of shares he may think proper, not corn *
ceediug huy. The new stock shall be paid for agreeable to Terms
rules and regulations as shall at the time ol subscribing be fi?ayof (ale*,
and determined by the president and directors ; and all n r a th \
shall be without dividend one year, aud shall be entitled /jrjrr J Ext’*
per cent than was given on the original stock for two yea
Aat. 15ih The directors,of a majority ot mem, sh*
first ot September to ihc first ot May at least once .
ihc ti:si ot May to ihe first of September once e**
84.]
MONDAY, May 21, I*lo