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THE GEORGIA
AND REPIBLIC.
olive It II. Pit IKE E.
NE>V
-PUBLISHED nEEKLY-
Editor A Proprietor.
JIES—VOL. II. NO. 7.
MACON. TUESDAY MORNING, NOVEMBER 11, 1845.
W
HOLE NUMBER 996.
rn2XiNJ -f^ & ^.3 :i‘X723AiIO»
H pBDLlSHMD EVERY TUESDAY MORNING
by O. II. PRINCE,
VT THREE DOLLARS PER ANNUM.
Jy\r ,1R I ,L U L Y /N A D VANCE
ADVERTISEMENTS lire inserted ai §1 ©t> per
jjoirt for the first. inaurti >u, and SO ccm. pet square lor
deduction will be made to those who adver-
*"rr N tl, «. yC S n * r ie» <jf LANDS, by Administrators. Esecn-
rVor OuarJians. nro required by taw, to be held on the
III.,’ Tuesday >'» ‘be month, between the hours of ten in the
, Venoon. and three in the afternoon, at the Court house, in
III*miintv in which the land is situated. Notice of these
be given it, a public gazette SIXTY DAYS P re-
lious to the day of sals.
Sties of NEGROES must be made at n public auction
,i ie Tuesday o'the momh. between the usual lours
J? u ei the place of public sales in the county where the
J,,.,.!''„f testamentary, of Administration or iluordianshtp,
n"t have been gran til. firsl eiring SIXTY DAYS notice
thereof.in oneoTlhe public gazette* of tins Msie and attho
.taEroftha Court house, where such sale., are to be held.
Wntlee for the sale cf Personal Property must be greet. in
like manner. FORTY days previous to ibeday of sale.
N.Mdse to the Debtor* and Creditors of an estate must be
h ' m "' ic T he
.linaw for leave to aell LAND, must be publ.shed for
^WoOee for "Tea veto sell NEGROES must be published
«r FOUR MONTHS, before any order absolute shall be
made thereon by the Court.
CttATiovs for letters of Administration, must he publish-
l thirty ilfift—»forHi*Wii*»ion from adtnSnfatration, month-
ty six msalki—for dismisd.m from Guardianship, forty
iu’l.us for the foreclosure of Mortgage must be published
manikin for four for establishing lost papers, for
tie fi" space of three. moMha—for compelling .itles from
Eseratnrs or-Administrator*, where a Bond hns been given
bv the deceased, the foil nv-tce of three mouth*.
'Publications will always lie condoned accordingto these,
the legal requirementa.unless otherwise orderetj. ( t.
REMITTANCES BY MAIL.— -A postmaster may en-
elnse money in a lelie-r to tho publisher of a newspaper, to
pay the subscription of* third person and fraqk the letter if
written by himself."— Amos Aclid ntt, I*. AI. (*.
POETRY.
maz% mmuLVf
Fns&ionnblo Ditsh illnkiug Kslsblithmnit.
UnlUrry Street, aver John /.. June*’ Store.
Orde-sfor DRESSES, HIDING HABITS. ct. &c. exe-
cute.i in the latest and most fashionable style, and at foe
ahnrtest notice. ' ■ ■
J. L. JONES Sc CO.
CLOTH ING S T © It E .
Well side MulUrry Street, next dooriclotc the Big Hat
siAConr.
THE GEORGIAN CAPTIVE.
BY THOMAS IIOLLY CH1TXRS, M. D.
[The following poem is intended to represent the won,
derful resignation of a beautiful Virgin cd' Georgia, who-
rather than submit to be taken to Constantinople by tho
Turks, died by her own hands.]
I cannot leave the vine
Whereon the purpling clusters oft have hung,
Nor suffer ibis fond heart of mine
To bear the burden of the slave so young I
And still it would nst gjieve tne to depart.
But for these yearnings of my breaking heart!
And then you know, yon sky
Belie hi that promise to my mother given;
Anil now Jeiusia cannot lie;
For then her spirit would come down from Heaven,
And here remind me of that sacred row
Which promised to be like that sky is now !
Oh ! God! that it must be—
That this p"i>r, broken hearted thing must go,
And never more return to see
The clear young flowers that she has tended so ;
And leave her parents where the y oung grass wares,
In such wild beauty over their sweet graves J
Tbo bird that leaves her nest
To scan the azure fields of Heaven, is free ;
Ami finds wherever she may rest,
A happy home—hut there is none for me !
Isectwnlitile starlights in the sky,
And tkey shall be the lar.-.ps to lead me by!
How hard it it t» be
Si fatherless, owav from my dear home,
Wl.ere, with the music of the sea,
The fragrance of the south winds used to come!
Lord! strengthen me from out the mighty Past,
To yield my sou! unsullied to the last!
Let net the mighty soul.
The only living thing that cannot die.
Be fettered, while the thunders roll
To tell its freedom to the stais on high ;
But on the wings of Death rose forth to Thee.
And show the world how Virtue can be free 1
W3I. HEARING * SDNS,
COMMISSR>N MERCIIANTS,
CHARLESTON, S. C.
September 2,1645.
49 6m
MEDICAL NOTICE.
TVR-T. a. PARSONS has returned to the city,and has
jJI resumed the duties of his profession. Office at bis
dwelling, brick house, two doors above the Meltiodis
Church Jan, 21, IB45.
fiSEIUOVA St.
f~>U. IISI.T lias removed talks residence recently
1 9 occupied by B. H. MoOltiuk, where he maybe
found at night; and in the day, al his office over Mess's
Wmship A Pope's store.
Macon, April 16. 32 tf
WINFREY Kj. SHOOK LEY,
ATTORNEY AT LAW,
Will practice in the following Counties :
UPSON, HOUSTON,
PIKE. BIBB,
moniigs, Baldwin,
BETTS. JONES,
CRAWFORD. TWIGGS,
All business entrusted to his cure will ineel with prompt
attention. Office in Dr. Thomson's building.opposite Floyd
llmse. Macon, Gemgia.
May 5,1645.
34 If
FLOYD HOUSE.
MACON, GA.
Till' Subscriber, in announcing to bis
friends nnd the public, by whim, he has been
an libera lly patronised, his rnniimiancc of the
j I above Establishment, bees leave to assure
them of his determination to sustain the well
established reputation of his house. Instead of a falling off
there shall hj a progressive improvement; and if n liberal
outlay, a well furnished table, with every delicacy this and
other markets can supply; clean beds, cooifonnhie rooms,
sttrnlive servants, and the will to please .ir.d accommodate
will merit patronage, he expects la obtain it.
B. 8; NEWCOMB-
Oft. 7, 1645. 2—if.
Federal Union please copy.
~ WASSHIIGTOY El ALL.,
MAC ON, C A.
rjlHE undersigned have bnught nut the in-
9. tercst of Mr. St. LaSIKK in this well
known establishment, and design making it
worthy of the liberal patronage it has hereto-
, lore obtained from the public. Every exer
tion will be made to make the sojourn of eitlter the perma
nent or transient otmrder pleasant and agreeable. The
sleeping apartments are comfortable and commodious, nnd
fitted np with neat anil clean furniture. The tables wifi be
famished with every luxury oar own- market, ami those of
Savannah can supply rand no efforts spared to make the
bouse deserving of public pstronr-ge.
MUTT & NEWCOMB.
October?, 1845. , S—tf
^VipHF. nr
. sfvll lirc-P:
♦. the heed of
;' 1 ^4 services to 1
Hew Fireproof* Ware-House.
MACON, GEORG I A.
rjnilE nnder»ii?tted nnving erected n
1 * • Proof Wate {loose, situated at
of C"tmu Avenue* lender* his
_ _ ..ervices to his friends and the public gen*
crflilv for the stom^e COTTON nnd
MlillJII \XD13E, and the tr«Psa«rtion of
Gommii G0I1 Hnsiness
in til its branches, pledging bimaalf to nro every exertion to
promote tbeiateres s of, and render satisfacliun to, those
who may confide huiiuess to his charge.
The storage ami sale of Cnttcii will be under the direc
tion and control of Mr. John Jones, who has long been
known in the Ware-Ht>n*e business, and will give particu
lar attention to the sale of Cotton nnd the filling of order*
for goods. Liberal advances will be made on Cotton in
Store or to be shipped.
bagging, rope, and twine,
together with any other articles, will be furnished cuslo
mers at the lowest tnnt ket price.
N. IS. Storage and Commissi ilia atcuarotnary rates.
. Ua# i8—yj—tf Jerry COWLE9.
WILLIAM T. WILSON,
WARE HOUSE V COMMISSION MERCHANT
Macon, Gkohoia.
THE undersigned haring rented the
Warc-IIoust- recently occupied bv J. B.
ROSS,jneariynpp<>aitoMr.J. M. Field’s
Ware-House.) i» prepared to receive Cot-
Store. His personal attention will be
A 1 orders promptly attended to.
e. U
e solicit* the
:.s will be in ide rm Cotton in Slot
! of his ftien is and me public.
Very Uespectfullv,
W. T. WILSON.
Macon. October 14,1S45. 3 tf
SCOTT, CAUI3 HIT Ai Co.
MERCHANTS AND FACTORS,
CONTI NI I', to kerpon hand their nsu*
ai mock of Groceries Ac., which they will
sell at the lowest market prices.
Advances made on Cciton or Mcrclian-
tllsc mnshur It tlicin
On the fir^tof Ociober iiext*iliev will remove to the Fiie
l*roof Brick Si<>r« on Third Street, between Graves*
Wood Si Co., ini'l Rea Sc Cottons’*
Miii'iin. Aui: , i:a t T* 1 **»"•. *17 3m
BENNETT BELL,
MARE UOL’SK AND CO.OISSIO.Y MRCU1XT,
EAST MACON,
Oppoaitrlbt' (Irutrnl Itiail Komi I)r; ol.
the Store and Wnrc-
cupied by Henry K
ctlnlly lender his sec-
ind Olliers and will
le receivingof Cotton
I’VE BEEN IN LOVE,
ntr takk bisj.xui.
I’ve been in love some sixty times.
And always thought the newest fairest;
I've strung at least a million rhymes,
Though not to forms like that thou wcarcst.
Some have beeu short and Others tall.
Some have been plump and others slender;
But slim or dumpy, large or small.
To thine their brightest charms snrrcnder.
T-tine is the shape I've seen in dreams.
Yet never met a: evening parties.
Like real flesh and blood it seems,
Mixed with celestial, tike Astarte's.
There's nothing of the sylph or gnome
Exactly in thy form'* expansion,
But it would deck the humblest home
And beautify the proudest mansion.
To flirt with for a month or year.
One might select a different figure.
Less sixe, less heart, of course leas dear,
With rather less of heal'•> or vigor.
But for n friend—je gods! a wife.
To Jive for. fight for, love forever,
T never saw, in all my life,
Ono near so perfect—never, never 1
I am in earnest—so, don't langh.
Thou precious, merry, darling creature!
I’d rather see thy smiles by half
Irradiate each winsome feature,
Tlinu all the splendid tights that Night
Reveals beneath her starry glories.
Or, steeped in day’s most lorely light.
The scenes of old heroic stories.
With thee companioned, one might go
Content through life’s low vale of sorrow.
Ana, blessed at present, care to know
But little of tho dim to morrow.
Yet fare thee v.eli ! 'tis vain for mo
To conjure up joy’s glowing vision;
My last thought is a sigh for thee.
And thine a smile of sweet derision.
, .omplly attend to the rec
»n<l Merchandize entrusted 10 his care.
Also will give Ills personal utleniion to selling Co-'-
other produce, tilting ordc rs fa:- g „,U. and shipping C
to Savannah, Charleston, trNcw York.
loping his best exertion., will give satisfaction to all
rosy favorhim with their busin»ss
Macon, August 12, let.',.
in or
vko
46 if
WIRT vs. TANEY.
The following extract is from a well written
sketch ol the li.o of William Wirt, by F. W.
Thomas, Esq., published in the N. Y. Broad
way Journal:
For a long litnc Mr. Wirt’s chief oppo
nent ai the Baltimore bar, was Mr. Taney,
tho present chief justice of tho United Stales.
Mr. 1 uiicy rom ,ved from Baltimore to Frederic,
on the dcaili of Mr. P.nrkney.and there Mr Wirt
& himself werethe great forensic rivals. No two
men of the same profession could bo more dif-
fere:R in their intellectual endowments than
wore these gentlemen. They’ were as umike
in these regards as they were in their personal
appearance. Mr. Taney was very thin. He
stooped, and it is voice was weak ; and such
wiis tho precarious condition of bis health, that
lie had to station him*elf immediately before
.0 d n artlic jt ry, to make himself heard by
them. Mr. Wot always placed himselfm front
of the trial table, opposite tho jury, in oriton-
c. il position. Mr. '1 aney’s manner of speaking
was slow and /Tm—never using iho lejst rhet
orical ornament ; but pressing into the heart of
tlic case, will) powerful arguments, like agteai
leader with unbroken phalanx into the heart of
a besieged ciiv. His siyle was plain, unadorn
ed, and so forcible and direct tli&i it might be
called palpable. With his snuff-box—for the
chief-justice ihcn loo used snuff—compressed
in his closed hands, lie reasoned for hours with-
ont the least aUcmpt at wit or eloquence. And
yet, at limes, lie was irnly eloquent, from his
deep yet subdued earnestness. in a question
of bail in the case of a youth who had shot his
teacher, I remember, though then a youthful
student, that a crowded auditory were suffused
in tears. Il tvns rhe fervor of his own feelings,
cOVERiN’OR’S 31ESSAGE.
E X KCU TIV K D E P A RTM F. ST,
MiJIeiltfeviJIe, Nov. 4* 1813.
Fcllow-Cittzrns r.f the Senate
and House cf Representative*:
' tlj.» pre$p/Jt year the labors sod hopes of the hus-
ita benevolent ;
■}
ale. tlx
al imp.
a 1 parriotl.
! lo ihe in
la a..
of its sucrespSnl
■J IV
tin
Tin
Du
banlmuu have been visited by a general disap|mimmenL—
Hi i nevus.t.-m -d and anticipated reward is not now to be
reaped in ps fie! Is. Compelled lo be content with his lim
ited supply, and patiently submissive to die Great Cause
. wliieh produced it, he should seek to alleviate tbo delicien-
spouking directly, lhat made him eloquent. He cy of the present and provide an abundance for the ftuore,
did not. appear to know that he was eloquent ) “ h 'sa;dfrugality and forecase Thee
ctseol these virtues, wlien united to industry, cannot Tail to
aken bis gratitude, when he feels that the wants of the
moment are softened nr supplied by the bounties ufthe past.
U ho has evor repined over n full granary ? Has not a
crowded cotton-hnuse now lost more than half of i's charm ?
Certainly experience has painfully de iiionstratcd lhat the
latter is arid has ever been an inadequate substitute for the
former.
. T) , . • i • it 1** viewflf the depressed condition of the agriculture of
nessed ill lue pudinutre bar y was a trial in !i I die Slnte, l respectfully submit to your consideration the
mandamus case, in which the right to n church | wllic f l w . n ‘
id, pi
i* Treasur
■ I be pre*;
- 1 Id
liimself. It was an inspiration which c.imo to
him, if it came at all, unbidden—and which
would no more answer to his call than Glen-
do wer’s
“Spirits nf the vasty deep.”
One of ihe most interesting cases ever wit-
was contested. Mr. Duncun had bee/i estab
lished in the ministry in Baltimore-, by n mim
her cf Scotcli Prcsbytcriuns, in an obscure ed
ifice. His talents drew such a congregation
that it soon became necessary to build a larger
h , ° p I 7— . -« «|s|«<qn(atiuu ui a iiuiucu sum oe annu-
was done; and ill the progress Ol ally exploded m ihe purchase of the varieties of mins and
give ihe promise of plenty in the land. The first step wnl
•loubllcsA be to restore leriihty to the fields ami pro**urc
grains and grasses adapted to ihe climate. Every erperi
ment faithfully and fuirly made, will require improved im-
of husbandry ; and. if reliable as a guide for the
tutu re, a tdoseness and nccuraey of observation which shall
mark its progress aud eud. For this purpose I earnestly
recommend dial an appropriation of a limited sum be anriu-
;!00,i CO I/a-N been pn 11 ro Messrs. Keid. Ir-
i ihe interest ..n the pu'olic d-bt hi.s been
never in mdetl at the Treasury. At thf
•*t'the present year an Executive order wan
:ii.* the pay mctu <d interest -*ix months in nd-
i;c vviirn due. As the funds were in tho
capable of being used, it was deemed prop*
Mice to the public creditor, nnd tl.n f the ir*
iniidit 8;.tel\ !>*5 executed without injury to
It 'va;> l;::«ij11 (*d to aid public credit, and
• out legislative prohibition, ot tha
anticipating nnd bearing it 1 * bur-
lieu. e is tiie authority to invest
ties. The ri^ht sh< aid be per-
er faithfully' exerc ised, the trus
ed. Su- it a law woujel farihato
f estates, u*’d invite, bv reason ot its
toenLTHgo iu their management. In-
add. tn-u:\\ yn tection to estates—as tho
*rved in v*
red to this
rnene
events, the pastor preached a more liberal doc
trine than he had at first inculcated. His ear
ly supporters remained not only unchanged in
their faitlij but they resolved ro have it preach
ed to them by one with whom they coaid en-
lirely agree upon religions matters. The ma
jority of the congregation agreed will) Mr.
Duncan. A deep schism arose in the divided
flock which was eventually, by a writ of man-
Armas carried before a legal tribunal, Mr. Taney
was counsel for the old school side, and Mr.
Wirt fur the defendants. The courtroom, dur-
grasses* and gratuitously distributed to the several tfgricul-
tural societies ol the S ate which are now or may be here
a ter formed. TLe object is to concentrate individual expe
riments, deduce genert l results* and thereby give to this
primitive and indispensable occupation that strength which
system always imparls*
In 1778 Georgia offered (liberally of her then wealth)
large bounties of land on condition that the receiver would
erect machinery for the manufacture of her iron ore. Since
lhat period large expenditures have been made on her riv
ers and roads—bat it in thought that tho instances are few
in which direct legislation has been made and intended to
Jost^r this leadir g interest of the Chate.
The lax act »d IS04, is the basis upon which all subse
quent revenue laws of the State rest. Its incqaalities have
been more plainly exhibited by every advance we have
made in extent of territory, increase of population and
. , * indifference m 0»e subject. The Poor School vine 3c (A
Fund amounting cure to half a milli tt of dolUrr., ia now re* discharge*
duccd to twothfiusand six hundre<l and thirty shores of ihe comujei.ce
capital stuck of the Hanks of the State of Georgia .and An is.-
gnsta. Until the lasf se^simrofthe Legislaiure.il formed a v
part of rhe capital of the Central Hank, and daring two T»
vents of this period no dividend was declared and distribu
ted lor educational purposes. Moreover it is now stated n*
an illustration of general indiffeienre on this subject, that
during the past year, only fifty-three’of the ninety-three
com ties of the State m»de applica'ions at the Treasury for
their allotments of the Poor School Fund, and when to*» the
penalty for default wag known to be an nbsolute forfeiture
of claim .
The numerous nets of tbo Legislature, which hare b-en
as only so many innovations upon the system, have related
principally to the administration of the funds in the hands of
public officers, and hare been frequently passed under the
allegation of its actual or supposed misapplication.
As a.remedy for these evils ft is respectfully proposed
f *r your consideration, that the system be changed so as to
nrfuse info it more of public care by combining with it public
responsibility. This end it, is thought may be accomplished
by immediately distributing the Poor School Fund among
the several counties upon a basis similar to the One by
which dividends are now declared—givingto the Grand Ju
ries the approval or disapproval of the direction and appli
cation of the fund—holding each county iiable for the prin
cipal amount received, nnd in .case of loss or diminution of
the same from any cause whatsoever, the deficiency to be
replaced by an extra tax levied by order of the Inferior
Court, on the representation of any Grand Jury, and in its ~ Ml.- » ;
default then to b« collected by n mandate of the Superior S15Q.0Q0 at seven per rantum. offered its successor too into
Court of the countv. | for the emergency nnd rood ^relMiing at. m profit. *. ruler
In taking distribution according to the foregoing plan, it j the act ot 1840 which authorised tne is:*uc ot 1-* tu.a bear-
will be necessary to make provision lhat as the shares of ' a o 30 interest of eight per centum pm* annum, nil
the Hank stock constituting the Poor School Fund ore in Nlauks with the exception of three, in bavam.rJi rod A ugON-
amounta of one hundred dollars each,fractional sums may ( tngave their kindly aid in restoring specie pavmei.ts at tho
occur which may be advanced .from the Treasury without (Treasury. They received the bund* the Central Hank
inconvenience, as an equal amount in tlie undistributed | iu lieaol their mvu bili^ which were men and have i on-
shares of stock would necessarily be retained and which, ( tiuue l atpar, at a time when if
had been
icir n«>minal va. ! -
,d probably hjp-
tlietis, K
trust funds in
missive only, .in
tee should be fu
llm ndministrati
security the woi
deed it would b
opinion is hazarded dint if the* t
invested in ^tate securities, and eve
ue less l«>sa would have occurred il
pen under their present ihnnagemenu V
At you ■ I ist a ; d i e I ic funds of the Tiensury eon-
sifted exclusively » f the depreciated bills of the Central
Hank.* Issued nponr.r*.! fu>mii.ed by tile credit oftheSiate,
it was palpable lhat if they were iig;>m pul into circulation
that their dcprecinl: ei would bo progressive nnd lingering,
ami it) the mean time its sympaihetio effect wou’d be felt
throughout the entire fi-ic.il operaimns of the 8;a;e. Tim
large and immediate dUbureements consc(;uenl on the atl-^
jmirutnent of the Legislature threalei ed the necessity of
their rei>sue, a® the act which ?*uihoriscd the lunding of
THAT OLD SONG.—n r tv.u.c. Hosxm
Sing on! I love that olden lay,
Though mournful are the notes and wild.
It drives the haunting fiend away—*
It thrilled me when a child.
Long buried gold the Past reveals,
Charmed by the magic of that strain.
My weary heart refreshment feels.
And I am young again.
Sing on! the land of shadows now
Hath raised its curtain dark and dim.
Hack comes ray sire with furrowed brow,
That smile belongs to him.
Each old familiar word invokes
The phautems of the pictured past.
And sighing through ancestral oaks,
I hear the midnight blast.
Sing on! for borne on music's tide.
My soul finals back to other days—
Front dust rise up the true and tried
To greet tny yearning gaze «
And she meek violet that grew
In rosy boyhood's Edeu lost.
Springs up as if her eye of bluo
Had never known the frost.
Sing on! sing on, entranced I hear.
While bloom once more earth's perish'd fiow'rs,
And mother warbled in mine ear
That song in other huurs ;
And when the sad refrain is breathed.
Her gentle spirit hovers nigh—
Fond arms are round the wunderer wreath'd,
Kind voices may reply.
itl" the trial was crowded with the beauty and Change of staple. At the period ot its euactuieuL it opera-
fashion of the Monumental city. It was sucli “ d „T t ;° ,,,jr °T “ ,irJ ‘J*®, te " ilo D’ ofu.eSwte.and «,.«
j. , , > * i i it - - I P°P tt ** llo o nearly IWQ-Ihird* less. Mnce that nine the great
R display of eloquence, anti a fttil appreciation | Staple of the South has been developed, and in a great mea-
of il, as IS seldom, witnessed. Mr. Wirt was I ? nr e» awlantefl llic productions of that <iay. Tile iuequal-
.,1....... 1.. .. i - it e»ot tlie present sysiem liave doubtless been perpetuated
ahvjjs happy IQ m.lnirijj u quotation , arid III I by the occasional acquisitions of latid'Wbicli.eveuuader the
concluding this cause‘be mude one of his bnp. adopted policy ot'luucries, brouj-ln rev. uue inlu the Treas-
niest. After a'luding to the old school mem- T‘^ a " d ‘ hereby avened *2 "«?**» , of i- reneral ro*atio D
1 , u I lilts rSVeiltie IA Otw nit Oif nmI thta ii>iritiiiinlp miiitu nf
bers who as n had been said, were Scotchmen,
and after dwelling upon the tragedy of Macbelh
the scenes of w uch nro lail in Scotland, ho
described their preacher as being in the con
dition ofMacbeth’s guest; nnd said a stern re
buke to them, that though they should succeed
Toil revenue is n-w cut ofl’ t and tlie legitimate inode of
supporting government, by taxation, must supervene. In
this searching operation of the government, equality should
be approximated, nor should an abrupt, novel, or extreme
plan be adopted; because that which is the most expedient
is not always the most practicable.
Accordingly the system, as proposed by the Treasurer, is
recommended as retaining the principles of the present lax
iawsO'f the btate.and equalizing u» some measure the bur
in their cause, which he felt confident they Jbena imposed, by extending the list of'taxable objects.—
*i % „„ ...^..11 r.^i i:i. _ 4 |._ I Under the hekd of specific taxation aboutene half ut the re-
WQItld Hot, they uoulj ft?el like the guilty I quired revenue will be raised, whilst the other half will be
I produced according to the plan of valuation. Both plans
embrace about an equal number of taxable objects. It is
therefore proposed that the rate of taxation shall be fixed
Thane:
“(Tbis Duncan
Hath borne his faeallies so meek, hath been
So e'enrin bis great office, that his virtues
Will plead like angles truinpet-t.ingued against
The deep damnation of his taking off.’
This quotation was made with such oratori
cal effect tha; there was a deep silence when
Mr. Wirt took his seat, which w ,s succeeded bv
repeated outbreaks of applause. Mr. Wirt
gained iho case.
TIIE DESERTED PATRIOT—EARL GREY
IN tsar.
As in the last hours of the Commonwealth,
when the forum was full of bitterness and con
fusion, fa> re mid there might have been a S^-ti
alor. melancholy and grave, standing amidst
the ruins and throes, and agonies, of the re
public,
-Like some lone column of his native Rome."
Such was (tie bearing of Lord Grey. His
parly had deserted the old colors, but it was as
I" arlesdy as in his youth, when Fox was by
te cheer, that lie lifted up that banner of free
dom which through life lie had so rarely seen
victorious, but which
-still torn bat (lying.
Streamed like a tiiuudeistorm against the wind."
And never was it raised under more hopeless
or melancholy auspices. Sole and lonely,
with the benches of tlie opposition on which,
he still sit, crowded to a majority by those
whom he had always opposed; with Ihe bench
es confronting him thronged by those friends
with whom he hud ever acted, with that feel
ing of alFectiou all turned inwards, which, to
oid men, to whom new connections are imjjos-
sible, is very bitter, with that sense
Of friends once parted.
Grown aingle-liearled,"
which was all tlie more keen and intense, be
cause a grave, proud man, he did not show il ;
it was a sight to move reverence, awe, and, if
such a word may be used of greatness, sym
pathy. But when at length he rusa to fort id
the bans between the Whigs and 31 r. Canning
when, with passionate remonstrance, hu ap
pealed to tile old traditions ; when, with sav
age mocker/, lie sneered at tho reputed liber
alism of Mr. Canning—more liberal forsooth
than his late colleges of administration, a cabi
net minister—no additional reason far trusting
him—when, too, with all th.® hate which thed
long political duel had provoked, he dasbe I
oil'a p.clure of his great rival’s career, from
1801) downward.-*, darkly and powerfully con
ceived, but executed with all tile arts of a prac
tised rhetoric, it would have been impossible
to listen without something of timt glow when
one first reads the Cte-upbou or Cdtaiine. The
opposition rung with applapse; they had been
ill accustomed lo cheer such eloquence, and
their very prejudice was severed with every
stroke of the dashing weipon which was so
skilfully yielded. But as if their approbation
was gull and wormwood to hi.s soul, it was
with a stern disdain that Lord Grey turned
round to repudiate their connexion, and to an-
ninilate tho growing hopes of so great a coadju-
tor. For himself, tie was alone, satisfied to be
alone in this adhcranca to principles which
more than half a century he hid Borne intact
through chequered tunes which others might,
abandon, bat which w- re now stilt de ire. to
him, because they were now ins friends and
his supports iu his otherwise unfriended and
unsupported isolation.
[Oxford and Cambridge Review.
Further Antarctic Discoveries.—It is said
that further discoveries have been made in the
Southern poplar regions by the barque Pagoda,
under the Command of Lieul. Moore of ihe
British Navy. This vessel was hired by tlie
British government for this expedition, and for
the purpose of completing tlie series of magnet-
ic observations kft unfinished by the ships Ter
ror and Erebus. She relumed to Simon's
Bay, after an absence of 139 days, having pro
ceeded larther South than any vessel which hns
pr ceded hi-r, having accomplished tlie special
onject ol tlie voyage, and having brought home
many species of birds and fishes not before
known. She found the Aurora so brilliant, that
small print was distinctly legible by the lUht ;
of it. The vessel was at times surrounded by ;
icebergs higuer than the must head. Not a
casualty occurred, nor was a man sick on tlie
voyage.
on ail ol'llic enumerated objects mentioned iu iho Treasu
rer’s report, with ilie exception ol' real estate and its im
provements. which shall be valued by the oath of the free
holder, and that the digest of the several receivers shall be
returned on the first of July, annually to the Comptroller
General, who shall be required to assess a rate not exceed
ing a fourth of one per cent, on the valuation of such real es
tate and its improvements, so as to raise a given amount ;
and notify the several collectors of that rate, who shall be
required to collect accordingly.
Certainty in amount may, by the plan proposed, be al
ways realized,so lhat die government may be placed be.
yond contingency of want, to which it.Ins been exposed by
the fluctuating amount of fixes. The freehold-interest is
required to supply a contingent deficiency; yet even that is
restricted and limited to a rate less than any other ol the
entire list of taxable objects. Its conservative character
over excessive appropriations may be presumed, because
the freeholder-interest is at all times fully represented, and
would be carelul to check extravagance.
It will be se-n that u reiiuriinti uIUxumi per cent- of the
present fixed rates tin several important objects is proposed,
and that this may be safely made without public detriment
if the integrity of the scheme be preserved
Whether the proposed system be adopted or the present
ono retained. I respectfully suggest the propriety of requi
ring every person fully to perform his duty iu this regard.
Representations have been made that there have been eva
sions of the exiting law. in making full returns of taxable
property. The remedy for this default is to be found in a
legal enquiry accompanied by an appropriate penalty.
Tlie auhject of chunging by a reduction of the rale of in
terest in the State is respee.folly suggested Iqryoar ccnsid
eraiinn. A distussion as lo the abstract light to pass usury
laws may be waived, by considering the 'act that in this age
Christian nations have concurred in their propriety or ue
cessity. and their best defence may be found iu the argu
ments of the heart, which, if less clear', arc quite as cogent
asthuseof the head.
Money, like every other marketable article, is reiative in
its value, and influenced by its scarcity or abundance. The
large amount of money which recently flowed into the
Treasury arising from investments in the reverted lauds of
the State, indicates a rurplus beyond the wants of ibe debt
or class of the community. Too large sums on individual
deposite in several banks of the State disclose the fact that
safe or satisfactory investments cannot be made by capital
ists. As a consequence of tbis excess of capital beyond the
general warn, freehold property, usual.y slow to exhibit any
pecuniary impulse, lias been enhanced in value. Individ
ual capital lias in some measure supplanted that of banking
corporations, several of which have recently reduced their
capitals.
In the proposed reduction, our position in reference to
that of adjoining States and their legislation is to be also
considered. Any extraordinary difference between our
and their standards cf interest, might have the effect of di
verting, in some degree, capital from nue State to another;
though it is believed in regard to loans, the confidence re
posed in tlie borrower by the meritorious lender is the pri
mary inducement, whilst the usurer looks to an extravagant
>er centum as covering the profits nnd perils of his coutre-
Jand contracts. Nor should an ancient role be rashly inno
vnted upon. In all cases, when time and experience have
imparted their genial influence, extreme counsels or extreme
measures are to be avoided. It is therefore recommended
that the present rate ut interest of the State be reduced to
seven per Centura per annum, and lhat n fixed standard be
retained so that any conventional agreement between the
contracting parties may be legally excluded. Legislation
m relation to contracts which may not be obnoxiutis to a
constitutional objection, should be prospective. The effect
of a law such as is now proposed, on existing contracts
which be hereafter enforced by legal process, may be safely-
left to the Judiciary, when organized according to the con
stitution of the Stale.
In relation to the establishment of a Supreme Court for
the correction of the errors of the inferior judicatories, the
legislation of Georgia has beeu peculiar aud irreconcilable.
Ten year* ago two anicndinenu of the Constitution were fi
nally parsed by tit ijnrities of two-thirds ol the members of
two consecutive Legislatures, fhe.one removed the prop
erty qualification of a member of tlie Legislature; the other
require.! th? establishment ol a Supreme Court. The Con
stitution now stands with ihe specific restriction lopped oil'
and the granted power added. Unquestioned aurl unques
tionable privilege has probably been enjoyed under the one,
whilst the doty, commanded, in my opinion, by the other,
lias not been performed. The lass remains for you: and
whether in reference to constitutional requirement or social
necessity. I cannot loo earnestly commend it to your delibe
rations. Eleven Judges, each supreme in Ins authority,
and capable ofbeing appealed from himself only to himself,
cannot be presumed to decide with uniformity. Without
uniformity law itself is a chance, aud has been aptly called
a miserable servitude. Laws are mere obstructions unless
knowfl by their practical application, which rests their wis
dom or folly. Uncertainty aggravates the wrong by multi
plying the chances agaiaat redress. The litigious and
harmful rejoice in a controversy surrounded with doubt—
the peaceable and just, from the same cause, as frequently
waive as seek reparation, unless urged by resentment,
which, awakened by injury, usually encounter* all hazards.
We have no reports of binding authority, iu whicu are pro
claimed and pre.-erved the great conservative principles of
social justice. The contemporaneous expositions of our
early lawa are fading away in the dim twilight of tradition.
These evils, perhaps, are not now greater
have been expected from the inherent a
of the present system. Probably they have iu
with the numerical increase of the Judges —
proportion of eleven to three.
Moreoverthe railways which are already in operation in
the t'tate pass through eight of the eleven judicial districts.
Upcn them are transported one third ol the marketable
productions of the Butte. The vulue ol ihe merchandise
carried by them would swell tlie value ot property to at
leastsix millii ni of dollars annual y. This prnpeity should
be un ler the protection ot the same uniform law in its trans t
Irom one point to another. Wo have moreover by the cx-
tension of the State railway to lire West, and by our impro
ve 1 facilities of transportation and market, invited the citi
zens of adjoining and other ^States to come into our midst
and bring with them their productions- The guard of law
uniformly administered should be vouchsafed to both.—
With itthis scheme of sicial arid commercial intereoi to
il a.- be rapidly advanced, and, without it. retarded by d a-
trust. Every iutere-t, at home c
trolling cor relive or the discords
oT the inferior judicatories In ;
C uirt. prudence would sugeest
system are only 10 be remedied
when sold with the accumulating dividends, would soon 10-
imhutse the Slate.
It is proper that I state lhat this remnant ofpuhlic bounty
under an act for the education of the poor, passed by the
last Legislature, tvas transferred from the Central Bank lo
the Treasury, where I hope it will remain untouched unless
for the specific object to which it was originally dedicate'!.
Bethe dividends larceor small,one desirnbleobject will be
attained, that ofeertainty in a fund reliable for some amount.
It will give the assurance ttial the plan of general education,
Commended to our care by every political and social consid
eration, is not abandoned. The amount received from the
fund during the last year, and subject to distribution was
Cd.2g.), Tlie estimated amount of the current year will be
SIS,000.
In connection with lids subject T would respectfully refer
jirut to the con lilutional requirement in relation to ihe libe
ral and continuing endowment of one or more seminaries of
learning. Its obvious purpose was to elevate as well a* to
diffuse learning. Both plans are constitutionally united,
and in the spirit of their original conception should move
harmonio usly together. The means of a liberal education
were in tended to be cheap and easily accessible to the as
piring youth, who has no other fortune than his genius and i
perseverance—who springs up vigorously in the midst of i
tire people and partakes their sympathies. To-day they are S
his patrons, to morrow he is iheir advocate. This is a part
uf the policy ol our educational system, which was planned
by ancestral wisdom and perpetuuted by cons-.i ulional com
mand.
1 transmit herewith copies of several Executive Orders
which have been issued w ithin the two years past. Among
them is a respite of the sentence of Charles Junes, convicted
ot murder in the Superior Court of Lumpkin county, nnd
whose execution is suspended until the 14th day of Decem
ber next. A transcript of the evidence in this case is also i
transmitted. Also an order to suspend an execution issued i
on a forfeited recognizance against Mrs. Sarah McKean, J
one of the securities for the appearance of Thomas C. j
McKean. Also an order in heha.fof Samuel d-'-Jones, one !
of the securities of the late defaulting Tax Collector of Ata- !
con county-. The motives which influenced the passing of I
these orders are stated in their preambles.
Executions have been issued against the Batik of Mil- j
Icdgeville and the Commercial Bank of Macon for the Tax i
on ineir respective capital stock, and have been suspended i
in consequence of a reduction of their capitals by loss or j
otherwise. It is proper lo state that these banks have paid ,
the Tax clue on their slot k which is actual anil operated on. j
The question which was presented to my mind when these
executions were ordered lo be issued, was in relation to the
capacity of the slock holders to reduce at pleasure their capi- !
tai -in.: a. The co.Trlalive right to increase it could oniy e\- ,
itt by legal permission. It is believed that the right to re- '
duce the capitals of Banks has appertained exclusively lo ,
the Legislature, and lias not been conceded in any instance '
in granting a charter. The converse of this proposition n
not true, us authority is frequently given which permits an
increase of capital stock, incases of loss of capital it is
equitable that the tax should col be collected. I,ike oilier
perishable property tbe legal exemption should be extend
ed to it. As u check upon the expansion and contraction of
Banking capital, it is recommended that a law be passed
which will permanently limit the capital stock of each Batik
to tit? amount which shall be returned as liable to taxation.
This restriction may not interfere with the rights secured
under existing charters, as it will present the alternative
proposition either to pay the lax oy the maximum of capital
heretofore reported, or reduce their capital without the pow
er of hereafter increasing it. Such Banks as have been le
gally authorised t-i reduce their capitals, ot course are ex
cluded from the operation of the proposed law.
The great increase of the inmates of the Lunatic Asy lum
imposes the necessity ol enlarging the comforts of the insti
tution. The number, as reported by the Trustees, is sixty-
tbree—a large majority of whom are recipients of the bounty
secured oy an act of the last Legislature to this indigent
and afflicted class of our population. That act relieved the
counties of heavy burthens created by the legal obligation of
mnnnrltnntliaii nOilf TIlia IffMn fit’ lllBIT Full
lull# of the Central B
four per crnUmi, and wfc»*e full
not attained till ihe month of Mn.v «
.serviceable arrangement w s coiv.pl
and rqp.iraut reluctance on tlie j>
few clays before il
r.f f,
ue of ihi
in two t<
!.i» l
year. This
much delay
cf ihe hanks, only
:e !a«t Legislature.
than might
adical defects
n the
fttlo skins I
companies.
schools has not diffus
'Abroad, plea
ds fi r a o n-
t and conflict
in>» decisions
Ijusting ilie (1
cl.dls of the
rat the defec
is of the old j
Delay and ii
envy expen-
r free insiitu
It fol.s. its ex-
’ in jduhlicror
ititle: re. j
present s\>
item of Jree »
igs thwere anticipated [
supporting tlieii poor. This item of iheir expenses would
be greatly increased, when it is considered that to ihe du:v
of providing food and raiment fer these mdigenla, may be
auperaddeii that of furnishing the curative means to those
mentally afflicted. In respect to the expenditures necessa
ry to the bodily comforts of the insane poor, it would seem
equitable that this charge should be borne by the counties
from which each is sent, whilst the healing process of the
mind should devolve as a gratuity and a duty on the Slate.
A moiety of the amount usually allowed as a support of each
sane indigent person would be adequate to the oiniiitenancu
of an insane pauper in the Asylum—or at least would in
some degree reiieve the Treasury of this burthen, which,
under the operation of the poor-laws, should be sustained
by the counties, according to the number of iuj&iics each
may. send to the Asylum. Viewed only as a pecuniary
question it would be more advantageous to the counties that
their paupers were all insane, as thereby an entire suspen
sion uf the beneficent laws for the protection and care v i the
would be produced. Whatever may be your conclu
sion as to this equitable claim—that each county should pro
file at all times personal comforts lor its poor—die obliga
tion of the State to minis.er to the diseased mind is now too
inpenuive'to be overlooked pr avoided. The usefulness
of the institution will be promoted by the completion ot the
unfinished building which was originally intended for the
reception and cure of male patients. As the salaries ot its
officers are placed in the discretion of the Trusteesaml Ex
ecutive, it is teconnm nded that they, as in other cases, be
fixed by (aw, and increased in proportion to services render- i
ed.
The incurring of debt by the States or individuals may
be accomplished when the object is pursued perseveringly.
Its reduction or payment is a more painful task arising !
doubtless from ihe contranent motives influencing the two I
transactions. The expedients of the presen: suggest the
facilities for rhe future, and hence accumulation of liabili :
ties seldom gives alarm, except to that class whose virtue |
abhors indebtedness nor less at its existence ihah inception
To pay promptly ami fully will counteract the temptation ]
to borrow incautiously. The greater portion of the public j
debt of tlie State was, in some respects, the result of tbe
beguilement of the times Fortunately its amount is not
so large, compared with the resources of the State, ns to j
induce any default on her pari. By the report of ihe Tree-
surer t'ne entire debt of the State, arising from the sevearl an- |
propriatvu.s for tlie W. A A. Railroad, a mounts to tin* sum of j
$J.7J7,?60. 1 i this amount is included tlie debt of Messrs, j
Ueid, Irving & Co . which, after estimating tho premiums j
on exchange and nil incidental charges, is placed ot the \
sum tof $292,510. This debt hoars an interest of five per j
centum, which is payable in London ; though really nfter
discharging all commission and costs, it tnny be reckoned iit
n rate exceeding six per centum per nnnum. Hence it was
oti object of consideration with this department, under the •
act of the lust Legislature, that these sterling bonds be corn- |
muted into Fede^tal bonds, beating an interest of six per
centnin payable ut the Treasuty—and accordingly, it prop- [
usition to this effect was made t«» Messrs, lieid. Irving dc
Co. which was declined. Tim Bank of Augm is also held
s er’.in" bonds amounting to the sum if 5JJ, which
was changed into Federal Bonds. This arrangement op
erated beneficially lo both parties, as each saved the heavy
1 in the transfer of funds from the Lnited
w their disbursement in tbe latter piece,
l ist Legislature providing for the extin-
)UI _ M v „. v debt clue Messrs. Ueid, Irving & Co.,
has ,iotbeen foliilfed- A sale of bonds as authoriat-d by
that actcouM not be effected at ilie price and m
desired. These senile.,..-.. Imve made a proposmen to re-
ceue n ivnient ofllieretnaimle- ft uieir debt due by lire
tv estimating tbe pound sterling at lour <b.liars and
e-rl-v cent* • tlie same to be pa d in the city of New
York and allowing interest at tlie rale of live per
cent per iinnuni for sixty day* from tne date of tlie payment
bei-c the usual period conceded for tlie tnaturv ni' bills of
chafe beiweer this country and Europe. The propo-
sido,, is limited to tlie time whim the Legislature si,nil ml-
j„ ur . and is. in tny opinion, one that ought lobe acceded
h , -pile character of ihe debt ami tbe pain-are nf the <-red-
ito- - tould induce on our pin a strenuous effort to riii onr-
*e vesofia claim u. : .-li has been too long - us imi in its
p lymetit With tlie expectation that lire l.cgndntuie will
expense
Slates 11 Euroj
Tire law of t
. I liar
lcet'S'
-ditor;
nade e
,■ lands
:i v be !
quited -n tin-
g, and L hope
is. bv which
i-debt. The
before yc nr
The sequel has illustrated it * amkipated benefits. fri ecio
payments were resinned and bare been Min e maintained at
the treasury—the currency lias become s-.t.ioi : and Slate
credit is advancing lo i-.s pi or r> i. < I honor able position.
The bills.if the State bank, which circulate os money
are c-n lerrd as valuable as coin. Wlien die one bears
I a close proportion to tire other, no pernuineut injury can
bt-till the bill-holder- The relation between the bonk.* and
[ bill holders may be said to be aim. si universal. As it be-
1 ran in confidence so i: should end in punctuality. It is the
duty of tlie Legislature to supply anv defect in the existing
, law* on this subject, to the end that this general relation l-e-
I tween banks and bill holders may be maintained without
harm to the Inner.
The In.l.nc in the Treasury on the first inot., exclu
sive of tire t-i.ies o! tire present ye ir nnd tl e poor school
fund tin ounts to the sum of tfiH»6l6 3d. Tl is anioux.t
will Ire. diminished by tin- pujmcnlsot tin:IfsJ qm-rreroi'
•die civil cMablirlitn nt of tin- cuircntyear, to teachers of
poor children forllieyeurs ICdd umi 1JW, nnd other char
ge.*, the aggregate amount of.nhicli isei-tinmied at ?- lfi,-
6(11). I tinny bn assumed as true tltcl n balance of §15,-
000, after 11 cl laying all demands on the T rcasury, will re.
mailt nnd lie nvuilable to rite government dining the en
suing y ear. It was found in paying the re-counts ofsomo
of the counties foruttinraget due to the teachers of poor
children, tlintsume oftliein were-o large in amount,
that, if the other counties which had put in no claims to
t/te fluid were to exhibit tlrelr demand in the some ratio,
the fend itself would have b en insul tcient to have met
such demands. In cases where lire demand was largo,
the payment was restricted in amount so as to guard a-
gaiust a deficiency of the fund- Even in these discs the
amounts received are larger then anv sum at any time
heretofore obtained for free school purposes. Nor can
it escape notice that aa the menu* oi supply bom the
Treasury (or free schools became lessccrtain and small
er, ihe tendency to indebtedness was vehemently in
creased. The amount alrere.lv paid on this head is $5,-
711 23.
1 he Act of I82G was obviously intended to equalize
(lie salaries of tire Executive officers of the State, and
requirethc perquisites which might nect ue in their re
spective otiices to lie paid into the Treasury. Accord
ingly no Executive order was issued shurlly after 1 cni'no
into office, requiring that nil t in ffunrent.*, othrr than
those of tire salaries of tlie officers should be paid wl-.cro
lire law direct*. Subsequently it was found that tho
posterior Act ol Ifi'Jil, remarkable for its phraseology,
gave lo the Coi iptroller General and Treasurer certain
perquisites oil the issuing of I’edler’s licenses. In tho
conflict of tire tivo acts just referred to. it was riot deem
ed prudent to relax, or rescind, the order, as it was he-
lievctl that in fo.uv.-s hail tii. rctn.hue occurred, when
these offices hod a used for other limn public purpo
se*. The n-mniul received within tire two years hist
past, on account of Fvdler’e I icemen fins been kept nan
separata fund, redj--et totlu.- jjeeb-iot: ol the Legislature,
to whose judgment it is respet tfolly rrttircil, with tlm
rent irk that the claims of the Comp min r General end
Treasurer, arc, in mr opinion of legal validity, r.nd un
less allowed, it will he the pert ot equal justice to de
mand restitution of the * mis re-pm lively received l>y
their predecessors since the passage ot the last mention-
tinned act. Intimately connected with this sufij- ct is u
grave que.-liiiii- As n ; nurce of revenue to the relate,
thoprolits from I’ctller’s licenses are sumII, alter dedm t-
ingnlf (heincident:., expenses. The injury inflicted on
tire stationary merchant, who is heavily taxed, is less
to ho considered than the danger ol plucing the itinerant
trader in contact with till classes ol our population.—
Whilst this mods of traffic e.t tlm doors ol our citizens
is considered convenient. Focinl security is to he regard
ed ns a paramount doty. It i* lire rrfo: c xnhhiiileil»tie til
er the income to the Ktule from this source ot taxation
should not lie surrendered, nnd tlie price ot a Perilers
Ji -i-n.-ic he fixed by the Inferior Court af each county, to
whom itshull be paid with the restriction that each ped-
lorrlntl! coniine hi* operations, under a certain priority,
W ithin the limits of such Counties hu he .hull have pre
viously been In (-used to trade in. IS!.o old it be the will
ol the Legislature to re tain the prevent sy utera, 1 they re
commend Unit tire tux be increased, «n.< the | srquisites
arising therelrom paid into tire. Treasury.
f submit copies of a report mad.* by R. R. Cuvier,
Esq. ul the munugginenf and comtiiiou of the ltnrieii
Bank. It i* to be regn-ttsd that tin t institution w ithiu
u fetvyears pn.-l has Ireeii Mibjrcird lo abuse nndpeeiiln-
1 LI I ion. Be! u III its us.-eis w ere turned over to lire Central
Bank, according to the net of I'd 11, its credit bad been
exposed i> the wildest tied most unprofitable specula
tions. These weir based essentially on the credit oftlio
.Stan: as she was the principal stockholder. \\ hen tho
assets of the Bank were, in uccordane* wuh tire provi
sions ol tire not just referred to, placed under the con
trol oft he Central Batik, one ot its officers was charged
mainlv with the collection of its del.!s. Tire report of
At i. Co v ler represented tii s officer cs in nrreur for a largo
amount, lor (lie recovery of which soils are now pend
ing against him nnd his’securities in the Superior Court
of Baldwin county. Tite liability of the Stutc, as a
stockholder, for Irerproportien nt lire outstanding circu
lation ol lire Bank is unquestiomihle. Tire estimated
ninouiU oftliis liability t»:iv nut exceed sisty thousand
dot In rs niter the available assets of the Hank are realis
ed. L nlc.-a tdlierwi-e directed tt shall be the polity of
this Department to effect the eollecticu ofdrt.ls due the
fi.-iuk with convenient despatch.
A* with the Dai ion Bunk, another commission, au
thorized bv -i resolution of tire-Inst f.ezislntiue. !i* ex
amined ill!" Lie condition of the Central Hank ol Geor
gia. The labors of this hitter commission have just
ended. Oii-ittilly it vv«.* composed of Messrs. Huuter.
l.ovd and 11. lilt, who entered upon the duties of their op-
pnmtmeul In-t sprit.”, trail til lhat time had completed
tireii report with tire exception of the probable value of
lie- assets ulThe Bank which were pluceriin suit. L'p-
ou niv suggestion thev r.djmiim-d lo meet again ut such
period wlien tin- nei-v’ssarv information for it fuir esttm-
Ute lift e value, of the cl lints in the hands of anomies
inrehl bn procured, lo the menu titu", me of the com-
iiiiTtee. Air. John F. l.ovd,departed tins life witll the re
gret of ut! who knew him personally or bv reputation.
J t was not deemed necessary to supply his place, as Ins
sin re-sin would have t een required oniy lo express an
opinion upon a single subject, end that too only upon
documentary evidence, » hich together with the report
is nt tire command < f the Legislature.
The committee report thu tnlhe 13th dnv ofOctobar
nf the present tear the unredeemed circulation of tho
Bank was §"7 7o0—its estimated resources (470,383 71
L, n ,i liabilities §!l1ii,fih!l ti-f. 'I he estimated loss may
therefore lie p.'nccd at the .-utnof $364,223 53. This n-
ii,nuiit tnav Ire decreased by n loss of iho bill* which
will never bo presented lor redemption. Probably tbo
-tun ol tin ty or fitly thousand dollars may be placed to
the credit of the Bank from this source.
With the. execj linn ot' a President and Cashier, alt
other officert- of the. Li.rak w ere discharged os early us
l .e begining of thepresei t year. No reduction was re-
<1 died mi tin- salaii.-s of tlie retained officers, ns heavy
duties were imposed upon them- Tire policy of wind
ing up tlie Bank is regarded tis necessary end sound.—
The institution was originally defective in its organiza
tion, by requiring loans, almost compulsory, over nn
urea of sixty thousand square uules bv a direction nu
merically siiiall and always residing lit the centre. 1 ho
scheme was full of difficulty and peril, vet with ttie
early restriction imposed on the tine y-f di*t ounts w Inch
made lire, institution onlv a b un i ffire ol preset t enpi-
fol. onlv u lew and iii-.avoideble losses were sustained.
U hen, however, die elm, iu ter of tire Bank was . s-en-
VtPv ctrii -ed and tire naked c.eilil ol the Mali vv es
substituted un lire rilleclgcl ground ofi. Keving indiv.d-
I , ,, tire mind er of applications ter !<n-:;s
.ir-riaifl the ci. raves oi toss piopoitn.reraly
increased. , , , . . .
, C credit of the Stale wrs nbireed by uviting (lie
pe -ple to iean on the government, when, right,iilly, go
vernment should be supported bv h- people.
The pro u* and liulitlities of file Bank belong exelit-
tively to I :« State. Numerous olrdy,s I ' ev -