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mUBRIDCE WEEKLY sun: PI BLUSHED EVERY SATURDAY. 1I .V »TO X & LE DWJTH, Proprietors. Terms oi .Subscription* • ropy. One Year $2,00 Six Months 1,00 , Copy, 1 hrei Months, * i75 %v4W-'-ai.T iir Advance. OFFICK —<Over Spear & Thompson’s Store tfrwughton street. TUK SUN will be sent to you ox* TEA* St the low T.rice of two hollars. roMMUNIUATIONS on subjects of public in*fn3*t solicited from all parts of the country. Advertising Pates. the rules and rates of advertising 4ovt« bf l^e Georgia Press Association as rea- jvwt, w* hereby atfussto observe and •orrircumststices, or for anybody. Bkx E. Russell, Bain bridge Democrat. R. M. Johnston, BainbHdge Sun. L - SqrslW Bf. 3V. 1M 2M. 3M. 6M 12 M. 1.. $1 00 *2 00 *3 00 *3 60 *5.50 17.00 $ 10.< o $ 15.00 2.. 2.-00 8.50 5 00 . 6.25 9 26 12.00 18.00 25.00 -3... 3.00 6 25 7 00 8 oO 1« 00 15 50 24 00 32 00 4.. 4.1-0 0.50 g.GOi 9 75 15.00 i9 00 28.00 8S 00 6.. | 5 o« 7.75 10 00,11.50 18 00 22 50 34 00 40 • 0 6.. O.OOJ 9.00 I 50 13 2.- 21.00|26.00 40 00 53 i-0 Jed 7-nt» 10 :5 ’ 3 00 15 00 24 00, 9.50 45 00 60 00 ol ‘,12 50 17.25 *»| 75 26.50 41 00 5<>.50 80 00 102 ( 0 $<•01 16. 00 22.50 28 75 14.25 54.50 68 nO 108 < 0 137.0 > lcol ll»,50 26.00|31.00 41.25 65.00 82 00 125.00 150.W1 Transient advertisements must be paid in ad vance. All advertisements must take the run of the unless otherwise stipulated by contract. • Kditorial notices other than calling attention to n.'* advertisements. 2l» cents per line. Hills for advertising are due on the first appear ance of advertisement, or when presented, except it lien otherwise contracted for. Local Notices Will be inserted at sls per quarter, or SSO per I y° ar ' Klitoriaf matter will be charged 20 cents per line for each insertion. Leual Advertisements. Homesteads, ..... $2 00 Hit riff's sales, per levy, - - - 3 00 Mortgage sales, per square. - - - 5 00 I'ltation for lotteln pf administration guardianship, * 5 00 ' dun from administatio’n, - - 500 Ii; me ion from guardianship, - - .5 00 ' I Ideation for leave to sell land, - 5 00 : Administrator's sides, per square, - 5 00 ' <„f perishable ptouevty, jter square, 6 00 Notice to debtors and creditors, - - 5 00 1 Ht* above are the charges on all legal adver i -fluents, and in all cases they must be paid-in | advance. The money must accompany the copy "'"‘ii sent in, or they will positively not be insert -11 We will not, under any circumstances, depart i from ili is rule. Facts fob Tin Fabm^bb, — Bain is cash to ft farmer. Tlw foot of the owner is the best manure for the land. Obtain good seed, prepare ground well, *ow early, and pay very little attention to the moon. Cultivate your own heart aright; remem- Wring that ‘‘whatever a man soweth, that fthull he also reap.” Recording even your errors » will be of benefit. Cj round once well plowed is better than thrice poorly, R eeils that grow unmolested around the e ‘“ahd stones, scattering their H , lis °ver the farm, are very likely to prow. • R hen you see a fence down, put it up ; 1 remains until to-morrow, the cattle ma . T get over. R bat is to be done to*day, do it; to-mor r°'T R may rain. Arni °r s sons had better learn to hold 1(1 blow and feed pigs, than to measure *l* a,,tl fut buttons. Tlie Commercial of the 17th pops this bastion into the teeth of the Gieeleyites : '' a Hill has been appointed delegate , tlB Bemocratio Convention. A short 1 e tt ”°> Hen said he “never was aDemo- Cr be was, he didn’t go to be.” We * Lll b\ can t see why the Democracy should rr ' bim any longer w ith their atten- Salomon's wisdom is said to be due to t khnt he had 700 wives, whom he on all occasions. A. lawyer and a parson-were talking about , the wind was. The former said *° kythe courthouse vane."“Ajad we,” Parson, “goTby the church vane.’ 1 the lawyer “in the matter of ‘ i that is the beat authority,” and the Person went to cogitate. - Bishop Latimer burned to vl ' It a T sk, : d a a.comm^ip^g Joshua knows,” saida little, #rl ! bottom of the class. “Well,” said , t^ ac^er » “2 Joshua knows he may tell.’ _ lU€ ***>" repked Jsefcuo, looking very vol- m [From the Savannah Morning News.] STOCKHOLDERS’ MEETING OF THE Atlantic A Gulf Railroad Company. Colon nr, Scre yens’ Management Vindicated. In pursuance of a call of the President of the Atlantic and Gulf Railroad Company, Long 12 M. As we predicted the meeting was Very largely attended, 'there was a full representation of the stock, besides a large attendance of our citizens who are inter ested in the success of this road, one of, if not the most important arteries of our State Road system, and undoubtedly one, if car ried out as origonally designed, destined to add immensely to the prosperity anß great ness of Savannah. At 12 M. precisely the meeting was called to order, and Thos. H. Harden, Esq., requested to act as Chair man. On motion, Major Henry was requested to act as Secretary* The Chairman then requested the Sepfe-' tary to read the call of the meeting, as pre viously published, which was done. Col. John Screven, President of the At lantic & Gulf Company, here arose' and stated that some time m June just passed Dt\ James J.. Waring had sent into the City Council, a petition propounding cer tain questions in reference to the condition and management of the Atlantic and Gulf Railroad. This petition, as show# by the official proceedings of the Council, was laid on the table, upon the ground that it was a matter with which they had nothing to do. Colonel Screyen then stated that on examination he discovered the petitipn to I contain such grave charges against fche^ | Company’s management that he requested* I his colleagues to reconsider their action* This was done and the Council appointed a committee to investigate the m liter. This duty was done and the action was reported and published. He had considered the matter at an end, but this petition was fol lowed by a series*of articles Upon published in one of the city papeTs Upon the same subject. And as the City Council did not adopt the report, but only received it, he had deemed it advisable to J call a meeting of the Directors of the Com pany, with a view to adopt some other course! It was then decided to call a special meeting of the Stockholders to take , into consideration these charges. In ac cordance with this decision, he had called this special meeting. He made these pre liminary remarks in order that it might be •fully understood what the object of the meeting was. Now he left the matter in their hands. Mr. Daniel G. Purse, in pursuance of the desire ot the Chairman that the stock holders expressed some views, arose and stated that if was rather an unusual pro ceeding for six Directors to withdraw from a corporation simultaneously, and that he would like any one of the Directors who was present to give a detailed statement of the causes inducing their resignation. Several here attempted 4o speak, when a point of order was raised that there Was nothing before the meeting, and the Chair man requested Mr. Purse to put his wishes in the form of a motion. That gentleman complied, when Mr. John Stoddard advanced to tjje front and remarked that the reasons occasion ing the resignation of the Directors had been given, but as it was requested he would enlarge umm them. The Directors had a j meeting about a year ago, when, they had recommended certain measures looking to i wards retrenchment in the Company. The P. stated at that time there would e a diffi- c«lty in carrying out these measures, as it would result in A revolution on the part of ; the employes, and give rise to other sesious complications. He then read the letter ad dressed by the Directors to Col. Screven on the 18th of January last, and reply thereto, Col. Screvan, he said, promised to resign on the Ist of April. Another letter was j sent by the Directors, and Col. Screven sub- j sequently resigned, then reconsidered and withdrew his resignation. Mr. Stoddard then remarked that he would simply add that Mr. Roberts, the Chairman of the Com mittee, appointed* a year ago, had the figures, etc., and could give more definite information. He would therefore move that Mr. Roberts be called upon to give a detail account of the investigation. j The motion was seconded and adopted. Mr. Roberts thereupon responded to the call. He stated it would, be-impossible for him to give a detailed statement of the result of the action of a committee nearly a year since, without the necessary .data at liis hand ; but he would briefly give t&e sub- stance thereof : Some time last summer the question of economy in the management of the road came before the Directors. Aftef consid erable discussion, the general financial con | dition of the Company was examined into, which investigation resulted in discovering j that the road was going in debt fasten than i they thought it should ; that the mauage | meat was not what it shpidd be. ColoUel Screven’s attention Was called to the abso lute necessity of some retrenchment,- and that if the condition of the road continued to grow worse, that its debts could not be carried. The report was made to the Board iciiirerfors. Coi. Striven gave his objec i ttans to the report,, and stated that the re ' trench men t policy could not be carried out without producing a revolution, from the fact that the men had not been paid for i some time and would resist any 1 eduction. On that point 001. Screvene ideas were coa- BALDRIDGE GA., JULY 13th. 1872. I ceded and the question of retrenchment was left with Jiim to make the best terms possible with the employes of the Road. The Directors, however, wero not satisfied that retrenchment was going on as it ought to. Notic§ was, therefore, given prior to the election for Directors that unless some change was made in the policy and conduct of the Road that the present I would resign. Col. Screven had pledged. I himself to resign the Mayoralty on the jUtf-i imjeTnat a proposition to lease the road would be made, and the resignation of the Mayor was understood to be held in abey ance, as in the event of that proposition being accepted it would not be rendered necessary. It was rejected, however, and it was the opinion of the Directors tli{it Col. Screven would resign. He did not and the Directors, believing the road would be deeper involved in debt unless Col. Screven 'gave it his personal attention, they were compelled* reluctantly, to resign, • At the conclusion’ of Mr. Roberts’ re marks— Colonel Screven arose and stated that he had earnestly hoped that he would not be put in such a position of defense as to re quire him to say anything further than Le had al-toady said, die respected the opin ions of others, but respect for himself com pelled him to speak. The resignation of Mv. Roberts and another Director (deceased) were entirely .consistent but he regretted to be compelled to state the con trary in regard to his other late colleagues. The following colloquy then ensued : Col. Screven—Mr. StoddarJ, when you' furnished for publication the correspond ence between the Directors, why did you not give it all ? [Applause.] • Mr. Stoddard —l was oyly able to get hold of the two letters. ** ..Colonel Screven—Did you not know, sir, there were others you could obtain by call ing upon me ? Mr. Stoddard, evidently confused—l*did not think it necessary. "Laughter and ap plause.] Colonel Screven turning to Koberts pre senting a letter —Qid you not see that sir ? Mr. Roberts nodded in the affirmative. Chairman—What letter is that sir ?- Colonel Sorevon—‘lt .swliat I shall term the conditional letter, and of which I shall speak further on. Colonel Screven here read from the Sa vannah Republican, of March 23, au article upon the subject of the resignation of the Directors, which he characterized as au thoritative. .He then .cons nued ; That he had been dragged into a discussion that he would have been most happy to have avoid ed, but it was as though he were compelled to take the step. Many were there around whose knees he had grown up and to whom he was indebted for his position and hon ors in life. He regretted to say that some*, not all, were now seeking to drag him from them. By whom Were the means*.Tor this purpose furnished ? His father's friends, his friends, Whose unctuous laudation in the operation of.the correspondence ho had hot failed to understand. [Applause.] Colonel Screven then read portions of the correspondence on the subject of his resig nation and of-tne retrenchment of expenses of the road, and continued his remarks in substances as follows ; It will be understood from the corres pondence that seven of the Directors, whose names are signed to their letter of January 18, 1872, requesting him to resign from the Mayoralty, and stated that this would be a prereqr site to their allowing their names to go be tore the Stockholders for to the direction at the appro veiling annual meeting. This letter was candidly answer ed on his part, expressing a full recognition of the reasons assigned for his resignation, that he had for some time* contemplate! this step, and that he Would resign the Mayoralty as soon as he could do so consis tently with good faith to the community and with his own sense of self respect. In a private conversation with Mr. Charles Greene, the writer of the first lette above alludsd to, ne'stated to him that he would resign the Mayoralty about the first of March as he could not sooner close the im portant municipal business with which he was identietid and without his performance of which the public wellfare might be se riously impaired. Mr. Greene appeared to be satisfied with this statement, and prepar ing bhen to carry out his views, he dismiss ed 0 from his mind any thought that any further demand would he made upon him, either by him or the others who had joined him in addressing him the letter of the 18th of January. He was therefore greatly surprised when he received letter No. 2: dated January 27, 1872, signed Charles Greene, for self, John Stoddard, Hiranw Roberts, R. D. Ar nold, A. M. Sloan, Jno. L. Yillalonga and Solomon Cohen, in .which he found a decla ration that his answer to their letter of Jan. 18, was “considered indefinite and unsatis factory,” (although it was accompanied by his verbhl statement, definitely conceived and expressed as to the time when he pro posed to resign the Mayoralty,) while * a demand was made as a-prerequiste to their being presented .before the shareholders for re-election, that he sesign “prior to the meeting of the. shareholders” and that he give them “written assurances that the re trenchment measures determined at a for mer meeting of the board, shall be carried out” Tn explanation of the language used in his two letters, to the effect that he would resign the Mayoralty as soon as he could do scfcconsistently with liis own sense of self-respect., he should here state that his incumbency in the mayoralty, while also • FOR Tty RIGHT—JUSTICE TO ALL, President of the Atlantic and Gulf Railroad, hating been made a subject of disapproba tion by Messrs. Stoddard and Greene especially, and as he understood, by others in the community, he conceived that self respect "demanded that he should go before the stockholders with all his sins iqx>n him if he had committed any, and submit to their verdict, and not to the demand of a #vr individuals, a concession to whom {ivolild seem to bring him a half-confessed Ahlprit before the corporators of the Com pany. The proper sense of dignity would hardly submit to such a dictation," but to submit to it while he stood the chief magis trate of a large community, and a represen tative, of one-tenth of the common slaves of the Company, owned by the city of Savannah.itself, would have brought upon him a. contempt which these most anxious individuals were perhaps unable to con ceive. Col. Screven then commented upon the answer to his fetter of the 24th of January, which stated the failure to meet the condi tions under which they (the Directors) were willing to serve, they requested him to give his early attention to the task of se curing their successors. • This letter wsS duly signed by Messrs. Gharles Greene, J. Stoddard, (arid by re quest of A. M. Sloan,) R. D. Arnold, John L. Villalonga. Mr. Greene the pensman of his colleagues, did not in this instance sign for, without, consulting each of them, and was careful in this instance to secure their autographs., He now regarded the correspondence as. closed, feeling that the resignation •of five members of the Board of Directors, occur ing immediately before .the meeting of stockholders sfhd already made public, would probably create distrust in the con dition of the Company’s affairs, he conside red it his duty to present ,jho correspon dence with every circumstance connected with it to the Finance Committee of the City Council, of whiffii Mr. Win. Kpnter is the chairman. . They heard the statement* with surprise, arid he believed, with some indignation.— He left the room to enable tiie committee to consider the whole question without the embarrassment of his presence. On being recalled, alter sometime had elapsed, he found that the whole committee, the chair man, Mr. Hunter, only dissenting, had agreed that no attempt should be made t*o reconcile the resigning Directors, but as the chairman disagreed, they desired to' sulmbsh4-via©-question-to his decision. Ex pressing some reluctance to undertake the part of an arbiter, where he was himself personally concerned, lie finally concurred in the views of the committee. Before ad journment the committee, which composes 1 a nr ijority of the City Council, unanimous ly agreed that the Mayor should be ap pointed, as usual, to cast the vote of the stock of the city in the approaching meet ing of stockholders. Mr. Hunter, subsequent to this occasion, called upon him privately and inquired whether he had any objection to his seeing Messrs. Greene and Stoddard and making a personal effort for their reconciliation. — He answered'that he had none, but it mifst be distinctly understood that he was not sent by him, and" that he was ’to see these gentlemen of his own motion. The history of Mr.' Hunter’s interview with these gentlemen and their colleagues is contained in his private letter, addressed to Col. Screven dated March 25, 1872. It is as follows : Savannah, March 25,1872. Hon. John Screven : I learned in the month of February that a re quirement had been made upon you, by some five or six of the gentlemen forming a part of the Di rection of the Atlantic and* Gulf Railroad, that, as a prerequisite to their allowing their names to be put forward for re-election to the position of Directors,-at the election to be held on the 14th of that month, you should, by or before the first day of March 'of this year, resign the Mayoralty So soon as I could arrive at or determine upon a proper movement concerning the matter, of mv own free will, I called Upon Ms, Chas. (1 roene and Mr John Stoddard, two of the parties referred to above, and had a-very satisfactory interview with them —both gentlemen meeting me with consider ation and courtesy. I stated to them what I con sidered unfortunate in the position taken by them, aud intimated to them that I saw a good many complications to arise from their persisting in their demaud—the advantages claiiped by them to fol low from withdrawing from the -Mayoralty be ing more than counterbalanced by what appeared townie the disadvantages to arise by your conform ing to their demands. The-two gentlemen named geuerouslv appreciated the position I took with them, and very Jundly invited me to meet three others of the Directors, also parties* to the require ment named, viz : Mr. J. S. Villalonga, Dr. R. D. Arnold, and Mr. A. M. Sloan. The latter gentle man was sick at the time of the meeting. Mr. Villalonga add Dr. Arnold were present, with Ms. Greene aud Mr. Stoddard. The whole matter was canvassed again. All parties met me in a friend ly spirit; the demand was withdrawn, and I had Vhe pleasure of l»earing to you a letter to that effect from the gentlemen named. I hoped then that all complications in the matter were at"an end but I would state further that you called'upou me. I think, the day after your re-election to the Presidency of the handed me your res' ignation of the Mayoralty. I was surprised at this change of matters, and asked an explanation. Your reply was that it must be so. for you felt that, though the requirement made by that por tion of your Direction named above had been with drawn. good faith required that you should resign the Mayoralty. Not being quite satisfied of this myself. I withheld your resignation for further consideration. In the meantime you made a spe cial request that the same should not be withheld longer, and I delivered the same up. It was pre sented to Couneil. and their action is known, be fore your action in regard to the request of Coun cil that you should withdraw your resignation, I was called upon bv of the Directors named in this communication, and requested by him to see you and persuade you. if possible, to yield to the wishes of Council—the reason assigned by him being that a lease of the road’was under consider* Mion. and if such wan effected, the office of Presi dent of the road would probably be vacant, and he did not desire that you should yield both positions. I immediately waited upon you vnd expressed to you th. se views. You reiparked to me that you had already determined to withdraw your resig nation. The sequel is known through "the official proceedings ot Council. . m lam, yours, Very truly, , , . . WM. tTcNTRtt. • I he»above letter was only alluded to by Colonel Sofiven in his remarks, but we publish "it in full in order to gtve a elear conception of the matter. Once more. then, he surrendered himself to pub lic duty, forgetful of large private interests which demanded his careful and industrious attention, little .suspecting that this would be followed by the resignation of six of the Directors of the Com pany, wlibse reasons for this step are set forth in an authorized statement in the Savanuah Repub lican. published on the 22d of March. ‘‘ I he immediate cause that led to this step on the part of the Directors naitied was a disagreement be tween them and the President on a question of duty, the Directors contending that the Company was en titled to the entire tittle and attention of the Presi dent, while the latter insisted upon dividing it with the city, he being, as is well known, Mayor of Savannah at the preseht time.” Now to the fact*, to ascertain whether the Di rectors named were justified in permitting the “ immediate cause ” to go to the public, as embody ing the leading reason of their resignation. * His re-ignation was tendered to the City Coun cil on the 29th of February.. It was withdrawn on the Ist of March following. The ence heretofore discussed between “ the Directors named and himself was closed by letter to them dated the 2d of February, when he accepted their “•simple condition,” and justly deemed himself wholly released on their part froth any obligation or demand to resign the Mayoralty. During this interval of more than three weeks tin attention whatever was made to this subject, although meet ings of the Directors were held on the 15th and 27th of February, and also meetings of the Exec utive Committee of the Board, of which Messrs. Stoddard and Boberts were members. Mr. Stoddard here interrupted the speaker with the remark, “ you had already pledged yourself to resign.” Col. Screven—“l will come to that,” and con tinuing. . Oifthe 29th of February his resignation was tendered of his own free and Unemß&trassed will, and without any regard whatever to the resigned Directors, and on the fat of March it was made public in the journals of the city. On this day Mr. John Stoddard one of the “Directors named.” called upon Alderman Hunter personally, and urged upon him that Col. S. should be induced to withdraw his resignation, stating that, as the At lantic and Gulf Railroad might rocui be leased under propositions about to be made to the Board o^Di rectors, and as the Presidency of the Road might therefore become vacant, his resignation of thy Mayoralty would, in the event of the lease, produce the loss to him of both offices. With what sort of consideration is this singular incon sistency to'be regarded of one of and perhaps the most persistent of the ‘‘ resigned Directors.” Did this gentleman imagine that his resignation once tendered and withdrawn, could be again tendered, and that he could so bring him .into an act of caprice, incapable of justification. He could only do Mr Goddard the justice to say that his re quest had no weight whatever on the conlusion. • Mr. Stoddard again interrupting—-‘T stated to Mr. Hunter that he was mistaken—that I sugges ted to him that he see you and advise you to hold the resignation in abeyance, but not to withdraw it-” • Col. Screven—“ Well, sir, I can say to that that this paper has been read word by word by Mr. Hunter himself, and was approved by him. That is all 1 can say on that point.” (Loud Laughter.) Meetiugs of the Board of Directors again occur red oil the 12th and 20th of Marcfoa meeting of the Executive Committee occurred on the 15th of March. .On other occasions he met some of the resigned Directors personally. Thir resignation was dated the 21st of March. During, the whole periort of time from the 2d d»y of February to the 21st dajmof March, a period of nearly seven weeks, the Directors named occupied theif seats at the Board, and met him personully, but not one of them even?mdirectly alluded to his continuing in the Mayoralty. It seemed to be a forbidden topic. If they held iliat his resignation should, in good faith to them, have gone into effect, not later than the first of March, why should they have silently remained in their places for three weeks aftef. without signifying to him. even Jay intimation,. that they had consented to be presented to stock holders for re-election. With that understanding, knowing too, as men pretending to intelligence should have known, that their simple condition letter wtis susceptible of but one construction, and that, sustained by -ample proof, afforded by the yery individual who made the simple condition. “ Silence gives consent,” and however reluctantly the consent may have been given in this instance, the silence by which it-was jusfly implied, was simply inexcusable. It misled and deceived him. while they permitted themselves to remain in the Board of Directors, the presiding officer of. which had f&iled in their estimation to carry out the very pledge on whrich they consented to become Direc tors. Gentlemen of great sensibilities would, un der such circumstances, have resigned their places on the first of March, the day when his resigna tion to the Mayoralty was withdrawn.. Oh the contrary, these gentlemen, so sensitive on a ques tion of duty,* adhered to the Board for three weeks longer, coolly holding him to a literal exaction, known only to themselves, and piously forgetful of the dirty* which tfiey owed to him, and which every consideration of fair men demanded to as sist to comprehend and ad udge a subject of-so much magnitude, while the Presideut could await their pleasure at to the time whetl they proposed to present their resignations, and inform him as to the estimate they had chosen to place Upon his performance of his duty. Magnanimity could scarcely be more lofty—‘-a question of duty ” could scarcely be decided by a more Illustrious example of self abnegation and of considerate devotion to the official trust thev had so re uctantly accepted from the Stockholders of the Atlantic and Gulf Railroad Company. * * This much the resignation of these gentlemen seemed to have -to do with the question of the leare. namely : that until that question had been settled their resignations was not tendered. It was settled oq the 20th of March by a motion for its indefinite postponement, against which Messrs, ctoddard, Greene, Koberts, Yillalonga, and Sloan cast their votes. On the 21st of Jlarch. the day following, this action of the Board of Directors, these gentlemen united with Mr. Wiltberger in their resignation to take effect on that date. It is not easy, theres >rfe; to separate this abrupt resig* nation irorn the question of the lease. The report of the committee-was laid before the WinLm the Ist of June, at a* special meeting; and Jibe report oncUioed, in his judgment* re- BAINBRIDOE WEEKLY SUN. Advertisement* On the most Reasonable Terms. All advert* Is nients are due after the tirst insertion, and hfben uot specified as to the number of timesi to be inserted, will be pub* lisliel until ordered out. and be charged accordingly. JOB WORK Os every description neat ly and promptly executed. W* guarantee entire satisfaction in this line of our business. Patronage soliivted from all quarters. Send us your orders. NO 4. commendations of a very objectionable nature, the Board adjourned, to meet at his call, on the 3d of June. The report recommended that a system of re retrenchment and rigid economy should be inau gurated. and that, from the Ist of July, the sala ries of all person* connected with this railroad company be reduced twenty pet cent. Other spe cial reductions of pay were recommended—certain clerks of agents to lie discharged, the clerical force m the Savannah depot to be reduced twenty per cent., the wharf clerks to be reduced to two in number, the New York agebey to be discontinued \F its cost to this company exceeds $2,500 per an num ; the Atlanta agency, the traveling and pas senger agencies, be discontinued; all telegraph offices at the expense of the company to be discon tinued. except at Savannah. Jessup and Lawton ; that the Superintendent make such further reduc tions in the force employed ou the road and in the shops as may, from time to time, be done without detriment to the successful operation of the road. # 4$ ♦ $ $ $ $ But the President said that if it should prove to be the determination of the Board to carry out the recommendations of the committee, he would consider himself under instructions which it would be his duty to observe in good faith, however ad verse his own opinion might be to their expedien cy and propriety, but that he felt himself relieved of the responsibility of any consequence which might ensue, while he *ould be greatly gratified if the results proved benefieiwl. These fncts % were laid before the Executive Com mittee—Messrs. Stoddard and Roberts being pres ent, and with their consent Order No. 1 was re scinded. On the 19th of June his whole action was reported to the Board of Directors, and on motion of Mr. Wiltberger the action of the Presi dent and Executive Committee in rescinding Or** der No. 1 was confirmed, one member, Mr. Cohen t dissenting. Mr. Stoddard them offered the following reso lution which was adopted. Resolved, That the actidh of this Board onfltfi* 3d of June be now confirmed except in the pay of mechanics and laborers on the road, which shall be continued as at present.' What Could be more distinct and more explicit than this resolution ? It revoked and wholly abol ished the so-called “retrenchment 'measures,’’ and left him with only such self-imposed instruction* as |he chose to derive from the discussions con nected .with the passage of the resolutions. He had expressed his intention to carry out the term* of the report of the Committee as soon as he might find it practicable to do so. The meeting of stockholders occurred Oh thd 14 th of February. It’was entirely unanimous on the leading points before, and in the election of the old Board, not a suggestion of dissatisfaction with his occupying the Mayoralty was uttered, and he had no reason to believe otherwise than that the stockholders of the Company assembled in their corporate capacity were content with hi* position. On the following day" the Board elect was organized, and on the 15th he was unanimous ly re-elected to the Presidency. No expression of dissatisfaction was made on that occasion as to hi* continuing in the Mayoralty. No allusion what ever was made to it. either privately or formally. The whole subject seemed to have been placed be yond further renewal, on the part of the Directors, parties to the recent correspondence. With hitnself, however, the subject Was still alive. Wounded by suggestions occurring in the course of the correspondence, he could not allow* its impressions to be easily forgotten, as stated in his letter of the 25th. lie had for sometime con templated resignation from the Mayoralty. He felt that the occupying of two lnqxirtant offices at the same time would probably affeot his position in either. He had heard enough especially from Messrs. Stoddard and Green to satisfy him that* as-members of the Board, they did not appreciate the circumstances that led him into the mayoral ty, or that should authorial him in remaining in that office. The condition of the financial affairs of the Company were not satisfactory to him, al though he well knew that it grew out of cause* which he had not created, and which no human prescience could foresee, and no human power remedy. The flattering promise of the first part of 1871 was dissipated by such causes, aild he found with the accession of the winter that the Company would have great difficulty in meeting its floating liabilities and the interest on its bonds. Harass ed by such embarrassments, and believing that by the first of March he could relieve himself of the burthen of an additional Ofliqe, which he had borne for more than two years, he had concluded that he might abandon the • Mayoralty. When the most essential business of that office, then pending, hod been completed, lie conceived that the principal purposes of his being called to it had passed away, that he had carried Out the public wish After the municipal election had resulted in the success of the Democratic nomination, that the City Gov ernment had been fully reorganized in the election of its officers in thiyAionth of January, that the finances of the been placed in a safe po sition when the lore issue of $500,000 of bond* was made and signed by the Mayor. jfche last would be accomplished by the first of Match. Accordingly, on the 16th of Febtugry, he pre pared his letter of resignation to the Mayoralty and placed it in the .hands Os Mr. Wm Hunter! requesting him to keep it confidential. The fact was Unknown to any other member of the City Council except one, to whom it was confi dentially communicated With his consent by Mr. Hunter* m in the meantime he proceeded to hasten the incomplete business of the Mayoralty and on the adjottrning of the meeting of the City Council on the 29th of February, he banded his letter of resignation to the clerk in person. Here President Screven read the action of council on his letter of resignation, tod and it® subsequent withdrawal . • The letter of the committee appointed from the city Council to eoiltey the pream ble and resolution contained in the above proceedings stated that “in discharging this official duty we take leave to assure you-that the preamble and resolution ex press the Sincere and earnest sentiinents of council, and cannot refrain from repeating for ourselves ndt only our present wishes that you may find it possible to eomplete the year of public service on which we have entered together, but a deep conviction that your resignation, if insisted on, Will work serious and, perhaps, fatal injury to the city. He was at a loss to conceive that more forcibly appeals than those contained in the proceedings of city council and in the com munication of the committee could have made for the chief magistrate es e . [Continued on foyrtfi fogp-1