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About The Southern sun. (Bainbridge, Ga.) 1869-1872 | View Entire Issue (July 13, 1872)
[ Continued from First Page.] ' • large aad important city to remain in bis place. But they came not from the mu nicipal coundl merely, but from the repre sentatives of one-third of the corporate shares of the Atlantic and Gulf Railroad and as the largest single interest in that institution, the one to be most dam aged by its calamities or benefited by its prosperity, without a clear suggestion on the part of ttte municipal council that it did not deem his connection with the mayoralty injurious to the interests of the company, while they express the opinion that “his resignation at this time not only dis appoint the public at large and the person al wishes of the Alderman, but would also prove detrimental to the interests of the city by the embrrrassment and confusion to which it would give rise.” Other reasons wera. operating on his mind of a private nature, nhmely : that sev eral of the members of council had accept ed their election on the express condition that he would accept the and it was intimated that their resigdßons would probably follow his. But the public rea sons for a withdrawal of his resignation should have been sufficient to command the conclusion which followed upon the careful and, he trusted, conSkwrrtiotlS “Hg* liberation which he gave to the subject.— Finally, however, his resignation was with drawn, when he became satisfied that it could not be gratefully or justly urged. CpL Screven took his seat amidst the loudest and msot enthusiastic applause. Colonel Screven went carefully over the ground revealing plainly that throughout the trying ordeal he had been actuated by the most • unselfish, earnest and conscien tious desire to conform to the views-of the directors, and. that his course above reproach of auy kind. "We may here .add that the above will only give an idea of the able address of the President, and although it may be faulty in some particulars, the result of difficulties that need not be men tioned, yet we may say that it is correct in its main features, although we do not claim that it is more than a synopsis. Dr. Jas. J. Waring here took the floor, and stated that he had come there for bus iness. He had listened with patience for one hour to a discussion of thd correspon dence between the President and the re tired directors of the company* He was interested in the success of this road, and was here in the interest of Savannah. He was identified here, and as Savannah pros pered, so would he ; if it declined, so would he. He had no personal feeling in the matter. But he believed the road was badly managed, and that it would get into bankruptcy if there were .no change. He * proposed to have no personal preference, and cared not who managed it, so it was done well and properly. He had nothing to seek personally from the Road, and, .therefore could not be prejudiced in . that respect, hie had looked over the condition of this Itoad and wondered why such a large road was not prosperous, and. discovered the reason to be that it was controlled by indifferent stockhold ers. Many of the stockholders were poor men who had been induced to invest their little in stock un der the eloquence of a great man of Savannah. He asserted that two stockholders controlled it— one of them the city of Savannah. With due re spect to the stockholders in the State, he contend ed that th’ey were the class of men not fully up in the ways and requirements of commercial interests. It was the tendency of their minds to cousider }>resent evils better than uncertain future. He lad come for the purpose of showing that the Road was virtually sold, In illustration he would mention • Ist. The reduction in the value of the stock. 2d. No dividends declared since its corporation. 3d That it«was managed in such a manner as to increase the liabilities without benefiting the Hoad. Some time ago he had called the attention of the Mayor to the report in which was included an account of five hundred thousand dollars bills pay able. In subsequent reports this item had disap peared, and it was his understanding that it was covered up under item of twenty years bonds.-. He then continued with a running com mentary on the supposition that the road was bankrupt, demanded the resignation of Col. Screven, a change of managomeut, and insinuated that he might, under the circumstances, very justly appeal to a court of law for the appointment of a Receiver of the Road to protect his interests. [Laugh ter. "Without disrespect to Col. Scriven he (Dr. Waring) did not consider him (Col. Scriven) the man for the place, and called on him to make way for a great man of railroad ability, Ac. The speaker then put the following questions : “Col. Screven, did you pay the interest on the debt thaf fell due on the first of July with borrowed money or not ?” Col. W. L. Seward here arose and re marked that it was rather a singular pro ceeding for a person pretending to be a scholar, a gentleman, and’ a stockholder in a Company to desire tauncover the private operations of the Company merely to grati fy his private curiosity, and he hoped he wonld'withdraw the question. Dr. Waring—“l will not, hope the stock holders will sustain me in the endeavor to have the condition of the road revealed.” One old gentleman, whose name we did not ascertain, gave vent to his indignation at the stubborness of the patriotic Doctor in trying to create dissatisfaction among the stockholders, by inquiring—“ Why the devil don’t ye stop talking ?” Dr. Waring reiterated his question whether the interest was paid with borrow ed money or the earnings of the road. Col. Screven stated that, as President of the road, he had his own views about the propriety of answering such question pro pounded with such motives ; but, if at were the wish of the Convention, he would do so. ’ !ffere some few remarks were made by Dr. Arnold, Captain Mercer, and Silva, the exact purport of which, on account of their brevity, we could not understand. Dr. Waring stated that if it wtere not an swered, he would take it for granted that it was a palpable confession the money had bqen borrowed. that it was not improper tljal this question should be answered ; that the stockholders’ meet ing was a court of inquiry, and if they had not the riglit to know the condition and prospects of tlieir own road, who had ? He looked upon the failure to answer the question as a confession of the justice of the charge. Voice—l don't so view it. [Applause.] Dr. Waring here rambled oil with his charges with Imnds tilled with documents, newspaper ex tracts, and read occasionally from some of bis vo luminous reports. * He now asserted emphatically that the money had been boirowed- to pay the ia - tereet pn debt and the employees of the road oojWfirst of July. That M. K. Kessup k Cos., JiqJW'the road in their control and if they took the potion to.shut down pn further advances ymd cre ate embarrassment in Wall-street, where would be their road fa ’General J. H. Hammond begged to intqr rupt the jgentleman. and permission "ltaiig granted took the neor. Gen. Hammond .Jtatea that he represented 3,300 shares of stocfcfo this Company, part his own and part belonging to the gentlemen whose names had been mentioned. He 'would say that if those gentlemen, JM. K. Jessup k Cos.) had desired to embarrass. the road in any way they would hare taken its botods and Dot invested their money in its stock at market rates. M. J. Jessup, was not the man to buy worthless railroad stock, He (the speaker) was 4 railroad manager for sev eral companies, and in "his business captiblt f had examined into the affairs of the Atlantic and Gulf Railroad. Every facility had been given to know the Road, and. in consequence, he had invested in its stock. (Applause.) • Dr. Waring resumed his remarks and asserted that M. K. Jessup bad’ bought 2,001 Bhares of stock in 1868, when Savannah desired io sell out her stock, and the matter was considered in Council Col. Screveft here interrupted the railroad smasher,” and inquired if he would produce his data for this assertion, and the dates. The Doctor 1 acknowledged his inability to give exact dates afld. figures, but could approximate ta them. Colonel Screven replied that' he sheuld have yrtwided himself with the dates and sufficient memoranda Apiaae. disking such assrrtions as these. Colonel Screven then stated that he returned ’from New York On the 20th of December, 1868 ; on the day following, at a meeting of the Directors, he had stated that Mr. Jessup wanted to buy certain re-, tired stock—proposing to take it in the March fol lowing. Pending the consideration, of this matter, he was instructed by the Board to telegraph Mr. Jessup and ascertain if he would not take the stock at once. At that time the road was largely in debted to Mr. Jessup. The stock was taken by that gentleman at once, at 40 cents on the dollar, when it was selling here at 38. His action in traxtsfet iug that stock was confirmed by the Board, the res olution to that effect being offered by Mr. John Stoddard, one of the present retired Directors. (Applause.) Colonel Screven here wanned up with his sub jegt, and stated that Dr. Waring; in one of. the newspapers, had endeavored to create the impres sion-that a cloud hung over the President in this very transaction, and he was determined to dispel it and make the sunshine of truthful facts enter into his (Waring’s) hfeart. He would not answer the question that had been propounded hifn in this querulous manner, unless the same was dejnanded by the stockholders, but he would remark that if this question was opened up in all its bearings, it would eventuate in a labyrinth of interrogatories that in turn would result iu the questioner being completely foundered. I)r. Waring, probably not understanding the re mark, replied that it was very poor management of a railroad that wquld be foundered by a few qutstions. Be continued his remarks on the con dition of the road, asserting that the liabilities had increased sinoejebruary, and that the interest just due h£id been paid with borrowed money. Mr. E. A. Silva here moved that President Screven be instructed to decline answering such questions. The motion was seconded and carried by a large vote. Mr. Silva moved to adjourn, but withdrew his motion in order to allow of the introduction of the R solu ions: Resolved, That it is the sense of this Conven tion that there is nothing in the withdrawal from the Board of Directors of six ot its prominent members to exciterfipprehension as to improper management of the Company's affairs. Capt. B. P. Bruton offered the amendment, which was accepted: And that we repose' perfect confidence in the management of Col. John Screven, President of the road. • The resolution, with the amendment, was put and carried with one dissenting voice. Gen Hammond here request and that the motion to adjourn bo delayed, as it was an important matter. He had arrivail late the preaeaditig night, au<> had not had the opportunity to study over the affair that he would have desired. Certain thoughts bad been suggested to hitn during the diseussion of the moruing, and he could but ie mark that if Mr Waring had not taken mor** pains to inform himself thoroughly upori his subject in previous essays than in the last one, he had Occa sioned a great trouble for uothing, and had placed Col Soreven among t iose who do nqj; know hin in an unfavoiable light. Gen. Hammond t-heu took up the charges preferfed in Dr. Waring’s communication published ou the 2d. and very ooolly proceeded to knock daylight, through them, to the intinite amusement of the stockholders, whose interests the doctor was so anxious to pro-, tect. • * The shaving down of the terrible looking (barges, by ibis cool, practical and experienced railroad official, was quiet, thorough and satirical Gen. H had been a railroad man sines he was 17 years of age, and deemed that be knew something about rail loads. He* road from the Presidefat* s leport of the operation of 1871 for the Atlantio and Gulf Railroad, and showed clearly how things might be distorted. In regard to extravagance in salaries, as alleged by the Doctor, Jie cor Id not discover it. The President gets a less salary than de H ) would take, the Treasurer received less than the same official in most of the railroad companies of the country, and thd salaries getter alls ruled lower than on any other r<»id. He was a stranger to most of them and therefore could not prejudiced. He wtohld say that the road was managed as well as it could be under the riioumstanees. He then alluded to the confidence in the road, and produced as evidence reports of the purchase of stock run ning fr m‘lßllß to 1872 by M K Jessup individu ally, and claimed that this was a practical illus tration that a clear headed capitalisr wa.s satisfied with the management of the"road, or would not have invested his money in its stock. Col. Sewa and. Well tiie minds of greatjmen run in the#ame channel. I understand that Dr. Waring hiiurelf pm chased a lot of stock in tliis company lately. [Laughter and applause.] Gen. Hammond continued .his remarks awhile longer, and illustrated by seveial neat littleaneo dotes the fix into which the Doctor had got him self His remarks were frequently interrupted by ap lanse. Major Hcmy Bryan here arose and offered the following resolutions which were adopted : • 1. Resolved, That we recognise mu' property as having intrinsically a high value, but as one which, as it stain is. canuot probably be made pio* ducTve to the stockholders. 2. That in a remedy for this unpro ductiveness, we must look to an increase of the Company’s business and the protection of its credit. 3. That we look to the extension of the road as called for by Ds chatter, tbe funding of its float ing iebt. and the cordial co operation of all its friends in promoting both, as to secure the remedy. 4. 'That discord and personal animosities would tend to ruin our credit, depreciate our pfoperty, and deprive us of the sympathy wtfirh «ra expect from the citizens of Georgia and Alabama. 6. That we request the President aud Directoiy to fill the vacancies in tbe Board. 6. That io announcing this as our future policy, we earnestly invoke the assistance of the State of Georgia and Alabama, and of the citizens of Sa vannah and Mobile. NOTICE; I HEREBY warn anybody against trading for certain promissory notes made payable to S. R. Dukes or bearer ; one for the sum of one hundred dollars, dated about the 17th of February 1872, and due about the first of Nov., 1872, signed A. D. Smith. J. P. Smith, Security. The other for the sum of (8400) four hundred dollars, dated about February 17th 1872. and duetibout Novem ber Ist 1873 signed A. D. Smith and J. P. Smith, Security. I will not pay said notes unless compelled fcgr Law. A. D. SMITH. , July 6th 1872- ’ 2 & Miscellaneous. mwmr INDUCEMENTS OFFERED, •* „ IV * * • I Border to make a chang in bustnes, and improve vents in mv store, I am selling mj entire block of 'Goods, consisting iu part of • S ♦ • • •Dry Goods, Clot ii i jd. er. # # • boots and shoes; HATS, CAPS, AC., AC Invite the attention of the LA DIES especially to my stock of Dress Good&, fyc. Which I will dell at Great Bargains. * I. M. BOSENFELD mchll 3m. - - - B. J. LESTER, COMMISSION MERCH’NT ♦ and dealer in Liquors, Cigars, Tobccos, &c , savannah, DA. nov96m THE OLD RELIABLE WEST-STREET HOUSE! OF mu t mui, xmm Mjsß2ariwo- - CONSTANTLY SUPPLIED WITH HEAVY INVOICES OP SPRING & SUMMER GOODS, OF THE LATEST Styles and Patterns TOGETHER WITH A Very Large Stock of STAPLE CMB! Also, * HARD-WARE, WOOD-WARE, WIL LOW-WARE, &C„ V£&»Tn fact there is nothing Van ted by the pub lic that they cannot supply at most reasonable prices. -Give us a call, examine our goods and take advantage of our inducements, PATTERSON A McNAIR. May 4,1872-46-ts ICE CREAM SALOON RESTAURANT, # And confectionery. We respectfully announce to the citizens of Bainbridge and surrounding coun try that we have just opened the above estab lishment, on. Water street, next door to the Flint River Store, and that we would be glad to see all our old customers and as many new ones as may honor us with a call, ce Cream will be served per orders to any part of the city, well packed in iee. Orders for parties or picnics promptly atten ded to and liberal deductions made for such occa sions. HEPPY4-&RADSHAW. Miscellaneous. * S» WATCHES* JEWELRY, DIAMONDS, SXLYER WARE MUSICAL INSRUMENTS SPECTACLES, W ALKING CANES, TOYS. FANCY GOODS, PIPES, &C., nda full line of Fancy Goods, suitab.e for Holiday & Bridal Presents. For sale by W. C. SUBERS, Next Door to Butts and Peabody, Broad Street. BAINBRIDGE, GEO. GEORGlA—Deoatur CouNiy. PRISCILLA BRASWELL will apply at the June term of the Court of Ordinary, 1872 foi letters of guardianship of the persons and property of Simon Burk, a minor under the age of fourteen years. JOEL JCHNSON, Ord’ry. May 4,1872-46-3™ TO THE CITIZENS OF THOMAS COUNT! A Live Paper in Tour County. PROSPECTUS OP TBS SOUTHERN GEORGIAN. To be published at.THOMASVILLE, GA. THE FIRST NUMBER of a live, progressive, a* ahead, wltle awake weekly newspaper, under ta* above name, will be issued at Thomasville, Thom as county, G-a., on or about the 15TH DAY OF AUGUST, 1873, ty R. M. JOHNSTON & CO., tne present propiar ois of the Bniobridge Sun. The subscribe!s believing that there is an Inv»- ting field fcflj a LIVE paper in the rapidly growing city ot Thomasville, and that the citizens of Thom as county really desire such an institution in thei county, and that they will liberally bestow that.' patronage on a good newspaper when assurred that it will be to their interests so to do, we ha/e on dertaken to supply the wants of the people in that direction. If euergy, industry and enterprise ar* the means of success, our succeeding is this entei prire is beyond and, if faithful new o the true interests of those who patronize ug will prove a sufficient incentive'to attract to us the pas ronage of said county, we shall be eutirely enccesa ful and accomplish our aim, namely, of establisa ing a permanent institution in 1 homasville in tu« shape of a live an 1 progressive newspaper. The people of Thomas countv want a live pape. and they are bound to have it. Their home in terests require it. Their political interestsdemant. it. Then let everybody c«*md up and subscribe for the Geirgian —it will do yon good and instruct you in many things. Tliomasvillians, your city ta growing rapidly—the outside world .should know ii, and the Georgian will make it known, provi ded yotl palronize it Nothing cah or will prmnot* the growth anr) prosperity of a .city so materially ska well conducted newspaper. The editorial department of she paper will be under the sole and immediate control of Mr. R. M. Johnston, one oi the youngest out hardest work ing and most rapidly rising members of the Geor gia press, and whose ingeni us and'spicy mannas of getting up bis local and home qolumns has s*-' cured to- the I’ainhtWlge Sun. the journal ov*. which be now preside ti e name of the best week*, lv local paper in the Stale. Mr. J. will be as»m.- ed l»y a prominent citizen of Thomasvdle, one e the ablest political writers iu Georgia The terns of the paper will be s2'oo per annum, advertising rates reasonable. ow let. every man who is in favor of the acw vancement of ns lown and county, and who de sires to read a firstsclass paper, come up aqd sow. scribe at once* Those wishing to subscribe can no so by calling on Mr. E. M Smith, at the banking bouse of Messrs. Wright A+degnll, or to H. VY Hopkins, Esq., Attorney at Law. No money re quired to be paid until* the first number of the paper is received* R* M. JOHNSTON & CO* AMUSEMENT FOR THE SUMMER EXCHANGE SALOON- B. F. COLBERT, Proprietor. Mv establishment is furnished with one of the beat billiard sa'ottns iii Georgia, where the de votees of this faCinating game, will meet With every attention which is likely to render their visits ple.«sant. THE BAR is supplied with the choicest selection of pnro liquors, which will be served to my patrons by polite tenders All the fashionable summer drinks are now being mixed on my counter. The choic est brands of cigars to be found at the cigar coun ter. THE SODA FOUNT, Is also in full blast, and I would be pleaded to have the public to ca'l and test the cooling quali ties of this delightful beverage. I wil I be glad to see af my old patrons, and as many new ones as may think pr per to call B. F. COLBERT. May2o, 72. 48-ts •* T ’ New Tin Shop! WATER STREET, BAINBRIDGE, GEORGIA B. E. COURTNEY* LATE of the firm of Courtney A Andrews, has again Commenced the Tin Business , And would*he glad to see all his old friends* and patrons in his new q a r ters. Keeps always oa hand a full supply of TIN WARE, • BHEE.T IRON, ** . COPPER, And many other things too nunr erous. ■ST Job Work d«M at the shortest notice: • achse-fiia. | Miscellaneous. ■' i-- __ » Are now rficeiving their very large * §PMIf€l sfiisa SINHSjj Drygoods, Groceries 5 Boots and SW HATS, CAPS cfc PTJRa MTTYSI* CSSESfi, FISH, SASBIifSS, HARDWIRE WOOD, WILLOW AND QDEEHSWARI J WHISKIES* BRAKDES, GINS *aNd man other things too numerous to mention. *l*4 Come This Wat! * | AND THE mi mm in m in i Dry dootli -—AND— GROCE RIEC Ever brought to Bainbridge. We have now in store our usual supply of Spring and Summer goods to whiei • would call the attention of close buyers : Consisting ol DRY GOODS, WALL PAPER and BORDERING, GROCERIES, VEILED CUBtANS, PAPER CUTAINS, HARDWARE, PAINS, LEADS, AND OILS, BOOTSASD SHOES, CLOTHING FOR MEN AND BOTS, TJV, BACON, LARD,C HEESE, SUGAR, COFFEE, IRON, STEEL, AND NASA We Invite Everybodi To call and see us before making their purchases. s&Bsif & TANARUS, JL WILLIAMS & CO . DEALERS IN BACON, DRIED BEEF, JLARD, RICE, FLOUR, MEAL, COFFEE, SUGAR, CAN-GOODS, PICKLES, FANCY CANDIES. TOBACCO, . SNUFF,-CIGARS, SODA, ATCHES, STARCH, SOAP. BUCKETS AND TUB 5 , 8R0D.3, POSTER, ALE. WINK I'M Whiskeys of the best brands. ALL CS'Sfi.l? Wm CMS m £3EGHA!f«I I« wraftY bbubwcs- minim motels “The enduring monuments of Fenimore Cooper are his works. While the love of Country tevail, bis memory wilt exist in tbeheil-ts «>f jhe people. So truly patiotie and American througho t, they should hold's place it> every Ameiican library Daniel Webster. A NEW AND SPLIJNDIDLY- ILLUSTRATED POPULAR £DITION or FENIMORE COOPER’S • WOKED FAMOUS LEATHER STOCKING ROMANCES D. AppiiTon & CO., announce that they have commenced tbe publication yf J Fcniruore Coops er’s Ni v« ls. in a form designed for general popular circulation 'Jhe seties will begiu with the famous “Leather Sto(king Tales,’ five ia number, which will be published in the following order, at inter vals of about a mouth j I- 1h i Ust of the Mohicam. II The Deerslaver. HI The Pathfinder. IV. The Pioneeis. V. The Prairie. This edition of the leather Stocking Tales” will be griuted in hand>ome ocavo v< Inmes from new stereotype plates Each volume superbly and fully illustrated with entirely new designs by the dis* tmgnished artist F. O. C. Darley. and bound in an att active | aper cover. Piice, reventv-five cents per volume, or $3 75 for the complete set. - The senes when completed wiH make, bound, an elc ,gant library volume, for which binding-cases will be furnished at a moderate price. PREMIUMS AND CLUB TERMS, °o° These club terms are designed specially for towns wheie there are no local booksellers. Any peisons sending us the anionnt in advance for the complete set of the ‘ Series, s3<s, will receive gratuitous! v a hafid sourersteel engraved portrait of J Fenimore Coop-' er, of a size suita> le for binding in the r-luroe. Any one sending us tbe amount in full for fo nr 'Jomplete sets of this series (sls), will receive th extra set gratuitously, each set accompanied dv s*. steei portrait of Cooper. The volumes of the as "".y l ll ** *9 each subscriber, postpaidann rapidly as published, ant the portrait immediately the receipt of remittance. t * CL)-. Publishers, 148 * Btwriway, Now York. mmm MANHOOI Just published, anew edition of OR. ( WELL’S CELEBRATED ESSAY«n tw' '* of certain weakennesses, the efec |4 0 Abuses of early life. . . The celebrated author, in tliis *“ m! cleat Iv demonstrates from a thirty + practice, the alarming consequent* and abuses may be radically . 1 dangerous use of internal mediciae j tion of the knife ; pointing o o '*"*. at once simple, certain and e “' c '* l,| iit* of which every sufferer. n °. alf f* dition may be. may cure hinw*” 1 ' ly, and radically. . tSTThIs Ledure should l»fl >y youth and every ntan in the ;lr ' ' u 0 f Sent Under seal, in a plain t** dress, postpaid on receipt of »•* f* o ft mps. Oj# r Ahwr, Dr. Culverwcll’s •Uatri*** cehts. 127 P-werr. >'** ( j# • Poet Of*** 1 »arch 16.1872 80-ts TUITIH' I WISH to inform the ** I neighboring counties, ttw to do all kinds of HOUSE, SIGN and ornamental PriN^'i PA^.^I GLAZfXGAKD VARNISHING J . . itt*** I** 1 ** *« w* justs, oiis. flUBS> .y I .Kareh JO, 1872 40 ts
