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18
THE CITY EXCHANGE
SEAT OF THE CITY GOVERNMENT
FOR SB YEARS.
CORNER STONE LAID IN 1799.
THE I.O\G ROOM THE SCENE OF
MAYA' HISTORIC EVENTS.
History of the Anrlrnt Building
From 1U Inpepfion. fey Mr. Tfeomas
Gamblp-Erected for Public
and Private Purpose*—Once Oc
cupied by Custom Home and Post
oftlce and Deter n an Armory,
School House and for Pnblle
Amusements —Presidpnts Monroe,
Polk and Fllmore, Gen. lafayattp,
Henry Clay, Daniel Webster and
Aaron Burr Received the Homaae
of Savannahian* There—lta lon*
Room the Assembly Place of Ante
bellum Society.
Savanna it's city Hail—the City Ex
change—will be 1(E years old next month.
June 5, 1799. the cornerstone of the an
cient building- -was laid with imposing
ceremonies. Although not erected for
municipal purposes, it has been the seat
of the city government sthce 1812.
Through the courtesy of Mayor Myers
the Morning News prints to-day, a his
tory of the Exchange from the advance
sheets of Mr. Thomas Gamble's History
of the City Government, which will be is
sued this week.
The subject of an exchange for the city
was first broached by Mayor Stephens.
On Aug. 18, 1795, he gave notice that at
the next meeting of Council he would
'■propose a scheme for building an ex
change in the city without expense to
" — ~cZ—— J6*hioh/ j&b (S
1 Xr.avra *- I
•AV ANY AH’S CITY If ALU
The Scene of Many F.vents In the City’s History.
the citizens and (or public and private
purposes, vrhlch will be not only useful
but ornamental.” When presented the
•rheme was laid on the table (or n time.
lter the question of building an ex
change was referred by Council to a com
mittee composed of Aldermen Wayne.
Tobler and Young. They reported In
lavor of citizens building It by subscrip
tions, the city to purchase a number of
•hares of stock. It was recommended by
this committee that a subscription of $20,-
®OC be opened In 2PO shares of the par
value of SJOO. the corporation to give title
to the ground where the vendue house
cow stands. (Jan. 19, 1798.)
No definite sieps were taken, however,
until Nov. 26, 1798, when Council resolved
that "Mr. Bolton. Mr. Dennis, Mr. Hun
ter and Mr. Glass, together with Mr. Ste
phens. Mr. john Habersham. Mr. Ebe
nezer Jackson and Mr. John Morel,”
should be a committee to report to Coun
cil at its next regular meeting a plan of
an exchange, where to tie erected, the ex
pense of the same, and the mode, either
by subscript 100 or otherwise.
The kite Selected.
On Jan. 28. i<99, the committee appoint
ed to make choice of a plan, having se
lected the site at the foot of Hull gtrtet
and having examined the several plans
laid before It, recommended to Council and
the citizens "a plan drawn by Mr. Bou
cher ns the most proper one to be eslab
lished. The report being taken up was
agreed to ar.d that the City Council do
♦ak twenty-five shares In the said build
ing.” It wus directed that a hook should
be opened at the platform In front of
Commerce Row. under inspection of the
committee, cn Feb. 18, next, for subscrip
tions. The book was to be kept open un
til Feb. 22, aud no one during this time
was to be allowed to subscribe for more
than ore snare, and shareholders wee*
limited to those actually residents of the
city. If on Feb. 23 all the shares had not
been subscribed for, on the following
Monday the hook was to be reopened and
any Individual could then subscribe foi
os many shares us desired, not to exceac*
ten.
As soon as the whole number of shares
vrere subscribed for the shareholders were
to proceed to elect five trustees to be In
vested with charge and control of the
pr.g.-rty. Thereafter in annual election
rd • ruM'-e* war set for the first Monday
In March.
After the stock had been subscribed for
the shareholders met at the platform on
Commerce Row on Saturday, March 18,
1799. and elected as the first trustees Wil
liam Stephens, Matthew McAllister, Rob
ert Bolton, John Glass and William Hun
ter.
The Corner Stone I,aid.
On June 5, 1799. “the corner-stone was
laid by the Right Worshipful, the Hon
William Stephens, Grand Master of Mas
on# In tha slate of Georgia, on the spot
where the former Exchange, destroyed by
the fire of 1796. atood.” The Inscription
plate c:Ptalned this:
A. U 6799.
A. D. 1799
Of the Independence of America
Crd Year. .
Matthew McAllister. Mayor.
Wlkiatn btephene. Grand Master.
"The Right Worshipful, the Grand Mas-
1 ter, was accompanied by the Grand Hodge
of Georgia in procession at the particu
lar request of the Hon. Matthew McAl
lister. Mayor, and Aldermen, who attend
ed and were with the craft, ably ad
dressed by the Grand Master.”
"Thin building,” said the Georgia Ga
xette at the time, ”ls intended to be of
brick and stone. 75 feet by 50, three
stories high, with apartments suitable for
the different public offices and otherwise
calculated for a City Exchange." The
site was leased to the Exchange Com
\ pany by the city for ninety-nine years.
The City's Occupancy.
It was thirteen years later before the
Mayor and Aldermen were established in
the Exchange. Until then the filature, on the
west side of Reynolds square, at Aber
eorn and St. Julian streets, continued the
seat of government.
The first installment on the stock was
115 a share, and It was called for soon
after the erection of the building began.
On Feb, 9, 1801, the City Treasurer was
directed by Council to pay another quota
of S3O a sfcaxe on the twenty-five shares
held by the city. While the records are
silent on the subject, it seems that other
early quotas, amounting to $45 a share,
were called for. Hater the secretary
of the board of trustees notified Council
that there were eight shares of stock
unsubscribed for and the Mayor was au
thorized to subscribe for the same, in
creasing the city holdings to thirty-three
shares These eight shares cost $720. Soon
after this four shares were bought from
the Thalian Association for S3BO, making
the city a shareholder to the ex
tent of thirty-seven shares. On Thursday,
Dec. 31, 1801, another quota of S2O a share
was paid by the city, amounting to $740.
The next year five more shares were
bough t at sllO, Iwo from Carpenter Sc
Havens, and one. each from William Craw
ford, Frederick Herb and John Pooler.
On these forty-two shares In 1803 further
installments of S2O a share, or $840; of
sls a share, or $630, and of $5 a share, or
$2lO, were paid. Again, on Dec. 31, 1804,
a quota of $6 a share, or $252 was passed.
At this meeting Aldermen Morel, Davies
and Marshal were appointed to confer
with the trustees and secure a statement
of the exchange with the corporation. On
Feb. fi. 1806, Aldermen Weischer, Hunter
and Williamson were appointed a commit
tee to purchase shares of exchange stock
and report the same to Council. On Feb.
19. eleven shares were bought at $156 each.
This made the city the holder of fifty
three shares. A few months later, on the
advent of the next administration, Aider
men Williamson, Sturgee and Stackhouse
were appointed to buy shares, ami on
Aug. 16 the city treasurer reported the
city'# Interest in the exchange as follows:
"The city now owns sixty-five shares
in this building, four of which are not
yet paid for, acceptances having been
taken. The sixty-one shares already paid
for, with the expenses of the steeple und
the dock, amount to $11,744.33; four shares
to be pnid for when In funds $824; thirty
six shares yet to be bought $6,616; total
$17,984.23; 181 shares in all."
On Sepit. 1, ISO 6, the treasurer was au
thorized to borrow $2,080 to buy stock
with. On June 13. 1808. he was authorized
to buy a share from Mr. McAllister. The
next year Mayor Bulloch and Aldermen
Tufts and Davies were appointed to ad
just accounts with the trustees.
Wanted n Steeple and Clock.
In the treasurer's report of 1806 refer
ence la made to the expense of the stee
ple and clock. The steeple on the ex
change was built by the city at a cost
of $1,148.43 in 1802. in 1801 Council ap
propriated SSOO for a clock to be put In the
I’resbyterlan Church steeple. this
was rescinded and the ciook ordered put
in the exchange steeple. On May 8. I*o2,
permission was given to Alderman Bolton
to Import h bell and an eight-day clock
for the use of the city, to be placed In
the steeple of the Exchange, and that the
treasurer pay him St.HOO on account of
aunve. In October, 1803, Alderman Shef
tall was appointed a committee to apply
to Messrs. Robert & John Bolton to know
If the clock apd bell had been received
and report the expense of the same. He
reported back to Council on Not'. 14, that
the expense of the clock and bell, with
Incidental charges, would he $990.63, and
that the $9,37 remaining of the appropria
tion had been turned into the treasury.
Alderman Sheflull and Sweet were then
appointed a committee to communicate
with the trustees on the propriety of Im
mediately setting up the clock. Thanks
of Council were also extended to R. A
J. Holton for their trouble in providing
the clock and bell free of expense t6htr
than actual coat and charges. The trus
tees seem to have been slow In complying
with the desire* of Council, ami on Jan.
30. 1801. Aldermen Howard and Sweet
were appointed to confer with them about
putting up the clock immediately. This
committee scem 1o huve had the desired
effect, for the next reference to the hell
is the passage of a resolution on May 28,
1804, that from March 31 to Sept. 22 jt
should be rung at 9 o clock every night,
and the remainder of the ymr at R o'clock
as the signal for closing plarea of busi
ness. and A Mermen Howard and Sweet
ivere appointed to receive proposal* (or
keeping bet I and clock In Older.
Trnalcca for the Exrhnnjte.
Beginning with 1804 Council elected a
ticket of five trustees to be voted by the
Mayor for the Exchange, the Mayor be
ing one of them.
The trustees (or a number of year# were
as follows;
1*93--Charles Harris, William Stephens,
THE MORNING NEWS: SUNDAY. MAY" 19. 1901.
SISTER: READ MY FREE OFFER
Wise Words to Sufferers
From a Woman of Notre Dame, Ind.
jfii ! ' % I will mail, free ol any charge, this Home Treat,
-MFSEWfev j ment with full instructions and the history of my own
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Mil /'Mvf .Sg '“tJ.MlHllii I treatment a trial, and if you decide to continue it
K! / it ‘ ; AM ji&ll I will only cost you about twelve cent* a week.
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' tgjnjp V nil > have nothing to sell. Tell other sufferers of it—
wltiHt T El J llg that ia all I aak. It cures all, young or old.
\a y. Ha \Wr S tr wlf you feel a hearing-down sensation, sense of
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J&twf -Mr * feeling up the spine, a desire to cry frequently, hot
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"w *"'■ V of the Womb, Profuse, Scanty or Painful Periods,
J JF Tumors or Growths, address MRS. M. SUMiWERS,
* NOTRE DAME, IND., U. S. A., for the Free
Treatmert and Foil Information.
Thousands besides myself have cured themselves with it. I send it in plain wrappers.
TO MOTHERS OP DAUGHTERS I will explain a simple Home Treatment which speedily and
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It will tare you anxiety and expense and save your daughter the humiliation of explaining her
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MRS. Q. SUMMERS, Notre Dame, Ind., U. S. A.
John Glass. John P. Williamson. John
Bolton.
1804— John Y. Noel, William Stephens,
John Bolton, R. M. Stiles, James John
ston.
1805— John Y. Noel. William Stephens,
Curtis Bolton, Edward Harden, Richard
M. Stiles.
1806— -John Y. Noel. William Stephens,
Richard M. Stiles, George Woodruff,
James Johnston.
1807— John Y. Noel, William Stephens,
James Johnston, Richard M. Stiles, John
Bolton.
1808— William Davies, William Stephens,
Richard M. Stiles, John Bolton, James
Johnston.
1809— John P. Williamson, William Steph
ens, John Bolton, Richard M. Stiles,
James Johnston.
1819—William B. Bulloch, William Steph
ens, John Bolton, Richard M. Stiles,
James Johnston.
Wanted n New Rnllillng.
On Oct. 25, 1811. Aldermen Mendenhall,
Proctor and Pemberton were appointed to
inquire into the expediency of erecting
anew city hall of brick on the site of the
filature. In the meantime sixteen more
shares of exchange stock had been bought
for the city. On Nov. 22 the committee
reported that a necessary preliminary step
would be the Immediate disposal of the
shares owned by the corporotion in the
exchange. Council then authorized the
committee to ascertain what could be
obtained for them. The discovery seems
to have been speedily made that other
holders of shares preferred to sell to the
city rather than buy the city’s holdings,
A BLUE HAT DRESSED WITH PLUMES.
and thue give complete control of the
property to the municipality. On
March 18, 1812, Council appoint
ed Aldermen Mendenhall, Minis and
Hughes to negotiate for the purchase of
the entire Interest held by different indi
viduals In the Kxchange, and report
thereon at.the next meeting. Council had
moved to the Kxchange and the mature,
heretofore Its home, was unoccupied and
ottered for rent. On April 10 the commit
tee reported that it was fully in the pow
er of Council to effect such purchases of
outstanding shares of Exchange stock ay
Issuing certificates of stock bearing in
terest at 8 per cent., and redeemable
within ten years, "and which will he
gradually redeemed by the income of the
building, being wiped out to within $264
at the end of the said period,” supposing
the building to produce no more than le
gal Interest on Its cost. The committee
reported that It had various applications
from different proprietors of ahares "who
all approbate the arrangement and ex
press an anxiety for Its completion. The
committee recommended that Thomas
Mendenhall, M. W. Hughes and Isaac
Minis purchase In behalf of the city the
whole number of shares owned by indi
viduals In the Savannah Exchange at <•
sum not exceeding siro each, upon the
plan suggested in (he calculations. They
were also authorised to order and super
intend such alterations and repairs as
might be necessary from time to time.
The reixott of the committee stated that
"the total amount of shares In the Kx
change was 800. which at 1100 each is
$80,001" From this it appears that the
original plan to issue 200 shares at SIOO
each had been deviated from, the cost of
the building proving greater than antici
pated. The actual amount paid in on each
share appears to have been slst>.
An elaborate plan covering ten years
was worked out by the committee, show
ing thst at the expiration of that time
only $2 r 4 would remain due and payable
by Council to the original shareholdervin
this plan the income from the Exchange
was placed at $2,401 a year, but Council
expressed the belief that it would reach
$3,000. as utaler the most favorable cir
cumstances It had been $4,000, "so that
probably all certificates may be redeem
ed before they arrive at maturity. '
The flty 4a Possession.
On Nov. 12. 1811. Aldermen Minis, Men
denhall and McAllister were appointed to
cloae up accounts of the trustees of the
Exchange and reretur the books, papers,
etc. They were also empowered to pro
ceed with contemplated Improvements
and alterations. The different apart
ments were directed offered for rent to
the highest bidder. On June 2, 181$. Al
dermen McAllister and Harris were as u
thot ised to lease the purlieu of tha build
*
ins not occupied by the city to Samuel
G. Bunch. One June 14 this -ommittee
reported to Council that it had done so
for five yearß. The lower partitions form
ing the entry were to be taken down .'-nd
the Exchange repaired and put in good
order as well as the postoffice room still
reserved for that purpose, entailing on
expense of S2OO, to be advanced by Bunch.
“The city hall, to-wit, the second long
room is reserved for aJI public resorts ap
pointed by Council and for the Mayor's
court, and the room used by Council is
reserved for the sittings of Council, but
to be at Bunch’s disposal when not act
ually in use by Council. The rent will
be at the rate of SSOO a year as long as
the war lasts, and that three months af
ter the cessation of hostilities the rent
will ije at the rate of S7OO a year. SBOO for
the next year, S9OO for the next year, and
SI,OOO a year thereafter ”
On May 22, 1815, Bunch petitioned Coun
cil to be allowed to rent the room occu
pied by Council for its sittings, in lieu
of which he would consent to Council’s
bolding its sessions in the long -oom on
the same floor. Council agreed to this on
the condition that Bunch furnish the long
room for this purpose. The present quar
tets of Council accordingly appear to
have been in use by it for eighty-five
years. (1815-1900.)
Its Fortner Occupants.
On September 4, 1815, the committee on
the Exchange was instructed to "extend
the a*rea now constructing on the south
ern front of the budding.” For many
years the Custom House and Postoffice
were located in the Exchange. In 1817 the
building was thoroughly overhauled and
a railing wus put around it at a cost of
$228.32 by Daniel Gugel. In front was
paved with "free stone and round.” at a
j cost of $1,164.50, and the Council room wax
put lti goed order for the sole use of the
beard. The lease with Bunch expiring
June 30, 1818, the Mayor was directed to
retain such rooms as he might deem
necessary for city offices and lease out
the others annually. On Dec. 6, 1819, two
windows were ordered cut in the west
side of the building, and in 1822 two or
more additional windows were ordered
cut in the lower tenements.
Various parties having applied to have
their certificates of Exchange stock tak
en up, on Dec. 12, 1822, the city treasurer
was ordered to retire those belonging to
parties who had applied to Council, to a
value not exceeding $2,800. The plan by
which the certificates were all to he re
deemed within ten years had failed, the
necessities of the city doubtless leading
It to use of the Income from the building
for other purposes Instead of providing
sinking fund. It was not until the fall
of 1830 that Council finally ordered that
the entire debt on the Exchange ahould
he extinguished on or before Dee. 1, and
it was not until some years later that
the last share of stock was presented and
cancelled. For many years a public bar
room was located In the Exchange. The
old Georgian office waa in the building in
the early eft's, and In It wha* was proba
bly the first steam printing press In
Georgia was erected. Borne of the office*
on the ground floor were rented to bus
iness houses until 1896, when the entire
building became devoted to public pur
poses.
The First Mayor's outer.
No special arrommodatlons appear to
have been provided for ihe Mayor until
1862. On March 10 of that year Council
directed that the eastern part of the long
room should be partitioned off for the
Mayor's office. In the great storm of
September, 1864, the building was consid
erably damaged. Builders who were call
ed to examine It reported that the wood
work throughout the building was de
cayed. Improvements had been In prog
ress prior to the storm and $7,093.70 had
been expended. The work of alteration
and repair had ao far progressed that the
next ndmlnlsltration found It Impossible
to suspend it, and in 1866 $18,046.46 was ex
pended. the building being put In prac
tically Its present shape and renovated
throughout, among the Improvements be
ing the erection of the portico In front.
On Aug. 20. 1857, the port wardens were
given permission to use a room In the
basement and have been tenants from
that time. The long room has been util
ised op many occasions (or public meet-
The Qrleans-Beaumont Oil and Land Go.
OF NEW ORLEANS, LA.
Chartered under the laws of the state of Louisiana, U. S. A.
Authorized Capital, - $1,000,000.
President—A- BRITTEN. Second Vice President—G. E. DICKINSON.
First Vice President—J. W. FAIRFAX. Third Vice President—WM. P. ENO.
Secretary and Treasurer—C. P. ELLIS.
BOARD OF DIRECTORS:
A. BRITTIN, New Orleans, Ha., of A.
Brlttin Sc Cos., Cotton Merchants.
J. W. FAIRFAX, New Orleans, Ha., of
J. W. Fairfax & Cos.. Stock Brokers.
G. E. DICKINSON. Savannah, Ga„
Cotton Broker.
WIDDIAM P. ENO, New York rtty,
Capitalist.
C. P. ELLIS, New Orleans, Ha., of C.
P. Ellis Sc Cos., Cotton Merchants.
S. P. WAHMSHEY, New Orleans. Ha.,
Cotton Factor, President New Orleans
Cotton Exchange.
FEHIX COUTURIE. New Orleans, Ha.,
Cotton Exporter.
This company presents to the public a business proposition, managed by business men Its properties have been care
fully selected, surrounding the gushers from six points of the compass, and most of It in the PROVEN OIL, FIELD em
bracing the following exceptionally valuable tracts:
(A) 10 aches, due north, 1,709 yards from the flowing wells. f’ t Hr,;—
(B) 10 acre*, northeast, 2,000 yards from the flowing wells.
(C) 4 acres, northwest, 2,500 yards from the flowing wells. 4,
(D) 3 acres, northwest, 2,300 yards from the flowing wells. ,
(E 15 acres, southwest of the Ducus Gusher.
(F) 180 acres, southwest of the Hueus Gusher.
(G) 1 acre, south and 800 yards from the Hueus Gusher. !
Negotiations are now pending for the purchase of several outlying properties. A contract has been entered Into for ona
well with a thoroughly trustworthy driller, who has successfully brought In four of the twelve gushers In the Beaumont
Held, and work will commence not later than June 1.
The company Is negotiating for two other wells, and contracts will be placed so soon as practicable. Meanwhile own
ers of adjacent lands have begun boring ing ror oil and this company’s holdings are thus being daily enhanced in value.
Half of the authorized capital has been subscribed for, and while the company has a large balance now in the treas
ury, it is desired to sell SIOO,OOO of the treasury stock, the proceeds to be devoted to the acquirement of further land; the
drilling of welle; the building of storage tanks, tank cars, pipe lines, etc. The shares are SIOO par value, full paid and non
assessable. A limited amount can be through
GUERARD Sc DEMERE,
Brokers, 10-4 Bay Street, East.
The company reserves the right to withdraw the sale of stock at any time without notice.
Ings for the reception of distinguished vis
itors, and as a suitable place where the
honored dead might lie in state. Aaron
Burr, President Monroe, Polk and Fil.-
more, Gen. Lafayette, Henry Clay, Dan
iel Webster and other great men of the
early history of the republic there met
and received the homage of the Savan
nahians of the ante-bellum period.
Historic Events In the Long; Room.
No building in the state of Georgia to
day has more historic memories clustered
around It than this venerable edifice Just
entered on the second century of Its use
fulness.
In the infancy of the building the belles
and beaux of the little city danced there,
and at several times rooms were granted
temporarily for school purposes to worthy
pedagogues of limited means. For many
years It was the center of the social life
of the community. Itinerant ectors and
passing showmen with strange animals
to exhibit found it a convenient place for
the purpose and the City Council len
iently consented to Its use for such popu
lar amusements. Other rooms were
also given up to public purposes not part
of the city government.
Once an Armory.
In 1845 the use of the rooms on the top
floor was granted to the Savannah Vol
unteer Guards, the Republican Blues, the
Georgia Hussars and the Phoenix Rifles.
The Guards and the Republican Blues
gave up their use of the rooms In April,
1859, shortly after the passage of an ordi
nance vesting in them the fee simple
title to the western and eastern halves
spectlvely of lets 27 and 28 Forsyth ward.
The Irish Jasper Greens and the Ogle
thorpe Light Infantry were given the use
of the premises then vacated. This use
of the Exchange by the military con
tinued to some extent until late In the
70's, but as one company after another
withdrew to its armory Council declined
to admit others to the privilege, owing
to the disturbance of public business by
the noise.
The Exchange steeple from long neg
lect and a leaking roof became so much
decayed as to Imperatively require ac
tion to insure its stability. In 1870 82,-
284.09 was expended for this purpose.
Again in 1886 81,500 was appropriated for
repairs to the building. Anew striking
clock was ordered placed in the tower In
1890. In 1891 a brick annex for vaults
was built In the rear of the Exchange
at a cost of 85.390.30, and the vaults fitted
up at a cost of 81.278.70. In February.
1896. the old clock was taken down and
given to John Rourke & Son, under the
agreement that they would place it in a
tower on their building at Bay and East
Broad streets. In 1897 the exterior of the
building, which had been plastered and
painted brown many years before, was
painted white, a color which it now wears.
A Monament to Savannah.
Standing, as it does, where It can be
no Impediment to the march of improve
ments, and almost as solid as when it
was received by the original stock com
pany from the builders, there Is appar
ently no reason why the Exchange should
not stand for another century, an en
during memorial of the early days of Sa
vannah. Civic pride, as the city grows in
population and wealth, may lead before
many years to the erection of a more
pretentious and modern structure else
where but the lover of that which
is antique and f historic inter
est will cherish the hope that the old
city hall will be allowed to remain, sug
gesting to all Savannahians the life of the
days, now seeming so remote, when the
little town was struggling out of the ruins
of the revolutionary struggle and estab
lishing those solid foundations for com
mercial progress on which the prosperity
of the Savannah of to-day atill depends.
WHEELS MADE oVpAFSR MOUBT.
Cancelled Kates HepreaenHng *l,-
AOO.UOO Devoted to Thai Dae Every
Day.
From the Cleveland Leader.
Washington. April SO.—National Bank
and United States government notes to
the face value of about 81,800,000 were'
destroyed here Saturday. They were re
duced to pulp and a few month! hence
will be aplnnlng over steel rails In the
form of railroad car wheel!. From a
banknote to a car wheel Is quite a rad
ical transformation, but It Is happening
every day. Whenever you get hold of a
soiled ten-dollar bill or a ten-thousand
dollar note Just bear In mind that some,
day It will he an atom in the revolving
mass under some lightning express.
The Treasury Department in Washing
ton destroys between 8450,000,000 and 8600.-
000,000 worth of paper money a year. Just
think of It? Nearly half a billion dollars
annually. Soiled currency to the amount
of a million and a half a day reaches the
treasury for redemption. Two big pulp
mills—macerators they are termed offi
cially—grind them into a mass which looks
like putty. The pulp Is then treated with
an alkali, which extracts the Ink that
constituted all the printing and inscrip
tions on the Mil. Next It be converted
Into bales and shipped to a car wheel
manufacturer. Thte pulp makes the best
kind of wheel!. The government aelle It
for 840 a ton. after It la baled and dry.
The maceration of currency Is in charge
PETER HELHWEGE, New Orleans,
La., of Hellwege & Cos., Cotton and Stock
Brokers.
BERTRAND BEER. New- Orleans, La.,
of H. & B. Beer, Cotton Merchants.
W. F. PINCHARD, New Orleans, La.,
of Pinchard & Meyer, Cotton Merchants.
E. PERRIN, New Orleans. La., of A.
Brlttin & Cos., Cotton Merchants, Presi
dent Orleans Railroad Cos.
I. E. GLENNY, New Orleans, La., of
Glenny & Cos.. Cotton Merchants.
SAMUEL HYMAN, New Orleans. La.,
of H. & C. Newman, Limited, Cotton.
Patronize Home Industry
AND BUY
MAGNOLIA SOAP,
THE SOAP THAT CLEANS.
WHERE IT CAN BE HAD:
THOMAS COOLEY, West Broad and River itreetl.
J- F. ENTELMAN, 618 Liberty street, east. i
FRANCIS HARTE, Jefferson and St. Julian streets.
HOTCHKISS & NEVILL, Jefferson and Broughton street*
L. B. GREER, Whitaker and Park avenue.
McGRATH & RANSFORD, Whitaker street
NICHOLAS LANG, Barnard street. \
J. T. EVANS & CO., Barnard and Congress street*.
BENJ. GAILS, Duffy and Jefferson streets. i
JOHN STAHMER, Bryan and Ann streets.
J. P. MEYER, Farm and Bryan streets.
GOODMAN BROS., 43 Farm street. ' j
F. H. JACKENS, Ann and Pine streets.
HARRY STEFFENS, East Broad and Oglethorpe are nog,
DRAYTON GROCERY CO., no Whitaker street.
HENRY SCHRODER, Broughton and Habersham street*.
S. F. SMITH & CO., 345 Abercorn street.
HARDEE & MARSHALL, Gaston and Drayton street*.
JOHN LYONS & CO., Lyon’s Block.
S. W. BRANCH CO., Broughton and Whitaker streets,
THOMAS HICKS. Montgomery and Henry streets.
GEO. W. LEE, Ninth and Burroughs streets.
NORTON & RYAN, Price and Broughton streets.
JNO. D. BRODMAN, Bolton and Burroughs street*.
D. GEFFKEN, Waldburg and Burroughs streets. 4
. ALBERT GRIMM, Second and West Broad streets.
W. R. FULTON, Duffy lane and West Broad streets
JOHN LYNCH, Taylor and Whitaker streets.
R. H. GRIFFITH, Gaston and Jefferson streets. -
J. H. LANKENAU, Berrien and Jefferson streets.
JAMES O'BYRNE, Montgomery and Bay streets.
D. GAMBITTIE, Indian and Farm streets. •
HENRY FEHRENCAMP, West Boundary and Bay street*
W. O. CLARY, Pine and Farm streets.
H. H. BUNGER, Ogeechee Road.
H. H. GEFFKEN, Price and Broughton street*.
J. C. SCHUMAN, East Boundary and Broughton street*,
t M. A. CLANTON, Harrison and Farm streets.
C. H. HEITMAN, President and East Broad streets.
I PETER ORSINI & BRO., Bay and Houston street*,
i JOHN GRIMM, Drayton and State streets.
RUBEN HORROVITZ, Bryan and Montgomery street*
M. EGAN, Huntingdon and East Broad streets.
4 J. H. WILDER, Park Avenue and Lincoln street.
SAM. JENKINS, Price and Gaston streets.
ABRAM. WAINER, Purse and Sims streets.
A. P. CANNADY, Guerrard and Sim's street*
H. J. SCHNAAR’S, Wilson and Jones streets.
JOHN D. SIEM, Jones and Purse streets.
JOHN T. KAISER, Bull and First streets.
SOUTH SIDE CASH GROCERY, Habersham and Anderon
streets.
HENRY GERKIN, Wheaton and Liberty streets.
ANDREW GASPERNICH, Perry Lane and Barnard street*
ROBERT REMLER, Liberty and Drayton streets.
B. E. MORSE, Ogeechee Road.
HERMAN GROTHEER. Park Avenue and Cuyler street*
J. G. PARDUE. Russell and Cemetery.
JAMES J. JOYCE. Liberty and Abercorn.
JAMES J. JOYCE. East Broad and Oglethorpe Avenuo,
A. M. & C. W. WEST. Liberty and Whitaker. ,
C. A. MUNSTER. Duffy and Drayton.
JOHN SULLIVAN, 15 Congress street, west
MRS. H. SALOSHIN, corner Bay and Habersham.
of a commttte of three treasury employes,
who represent respectively the Secretary
of the Treasury,the Treasurer of the Unit
ed State and the Controller of the Cur
rency. and are designated as the Destruc
tion Committee. Every day this commit
tee Is at work and it sees every bundle
of cancelled note# dumped Into the mace
ratora, which are constructed Just like
paper mills, and are operated hy machin
ery. For every note that la destroyed,
unless It should come from a national
hank that Is In liquidation, anew one
is made at the Bureau of Engraving and
Printing. Thus, while $1,500,000 of paper
money Is converted Into car Wheel# every
day. new money to the same value Is
made every day.
All this work costs the United States
government nothing. The national banks
stand all the expense, although Ihe treas
ury department has absolute control of
the redemption division.
Twenty or twenty-flve years ego the
government used to burn cancelled cur
rency, but that method of destroying it
waa abandoned when it was discovered
w. P. RICHARDSON, New Orleans.
La., of Richardson & May, Cotton Fac
tors.
LAWRENCE FAB ACKER, New Or
leans, La., President Jacfkson Brewing
Company.
C. A. JOHNSTON, Columbus, Mias.,
President First State Bank.
M. N. WISDOM, New Orleans, La.,
agent Equitable Life Insurance Cos.
J. A. GAUCHE, New Orleans, La.,
Stock Broker.
T. P. THOMPSON, agent Mutual Life
Insurance Company of New York, New
Orleans.
JAS. DU BUYS, New Orleans, of Du
Buys & Laboulsse, Cotton Brokers
thst on windy days the draft In tha
chlmneya would draw notes only parti
ally burned from the furnaces and spread
them over the White House lot and
nighborlng streets. Such bills have been
redeemed In (he past, and Uncle Sam
had to stand the loss. But with the tin
cerators no greenbacks escape.
—His Solo -Mrs. FiU PfJJlt—"Who was
that snored In the choir this morning
during a pause in the singing?" Mr.
FlJJit—"Snore! Great heavens, woman,
that was my bass solo.''—Ohio State Jour
nal.
—Pietro Mascagni, the composer, is
writing a life of Glusepfie Verdi.
—What I>ld He Mean?—Riter-"Have
you read my last poem?" Reeder—"l hope
so."—Philadelphia Evening Bulletin.
—Easily Recognised.—"Whore's Mr.
Schnorer?" “He's In the next room"
"Are you sure?" "Tee. T Just overheard
him taking a nap."—Philadelphia Times.