Newspaper Page Text
fflu limes & feuliiel.
VOLUME IIIJ
THE TIMES & SENTINEL.
PENNENT LOMAX & ROSWELL ELLIS,
editors and proprietors.
f(IE raUWEEKLY TIMES A SENTINEL
j published EVERY tVEDXESDA Y and FRIDA Y MORJY
fXG and SATURDAY EFEXIXG.
THE iVGEKtiV TIMES At SENTINEL
published every TUESDAY MORXIXG.
Office on Bandolph Street, opposite the Post Office.
TERMS:
Rl-WEEKL Y, Five Dollars per annum, in advance.
.VEEKLY, l’wo Dollars per annum,in advance.
jf“ Advertisements conspicuously inserted at One Dollar
Jls rsquare, for the flrst insertion, and fifty cents for every sub
• xiuent insertion.
i >eral deduction will be made for yearly advertisements.
-tales of Land and Negroes, by Administrators, Executors, or
•uardians, are required bylaw to be held on the first Tuesday
in the month, between the hours of ten in the forenoon and
till ee in the afternoon, at the Court House in thecounty in which
the property is situate. Notices o* these sales must be given in
% public gazette forty days previous to the day oi sale.
ATotices for the sale of Personal Property must be given at
east ten days previous to the day of sale.
Notice to Debtorsand Creditors o fan Estate must be publish
ed forty days. „ ,
Notlcethat application will be madeto the Court Ordinary
for leave to sell Land or Negroes, must be published eekly tor
two months. . . , , . .
Citations for Letters of Administration must be published
thirty days —for Dismission from Administration, monthly six
months— for Dismission from Guardianship forty days.
Rules for Foreclosure of Mortgage must be published monthly
for four months—for establishing lost papers, for the full space
if three months— for compelling titles from Executors or Admin
istrators, where a bond has been given by the deceased, the full
space of three months.
Publications willalways be continued according to these, the
egal requirements,unless otherwise ordered.
~ BUSINESS CARDS.
PRINTING AND BOOK BINDING.
HAVING connected with our Printing Office, a full
and complete assortment of Book Binder’s tools and
stock, and also added to our Prit ting materials, we are now
prepared to execute,in good style and with despatch,every
kind of work in either branch of the business, on the best
terms.
BLANK WORK, of every description, with or with
out printing, made to order, in the neatest manner.
WARE HOUSE PRINTING, Receipts, Drafts,
Notes, Bills of Lading, &c., &c., executed neatly and
promptly, and bound in any desired style.
RAILROAD AND STEAMBOAT BLANKS,
of all kinds got up.with accuracy and dispatch.
Bill Heads, Cards, Circulars, Hand Bills,
Posters, Programmes, &c., See., printed in the shor
test notice and in the best style.
Magazine and Pamphlets put up in every style o
binding.
Books o all kinds rebound strongly and neatly.
Lomax ellis.
Columbus, April 15,1854.
DR. TANARUS, STEWART,
HAVING returned to Columbus would reepectfnlly an
nounce that he lias resumed his practice of Medicine
and Surgery.
Columbus. Ga., Dee. 7. 1854. wfclwtf
OTSa. DENTISTRY.
traffic J- FOGLE, D. D. 2.
Office on Randolph near Broad Street.
Columbus, febl—lßss. w &tt.
JOHN PEABODY,
ATTORNEY AT LAW ,
. COLUMBUS, GEORGIA.
nF*Office in Warren’s Arcade. oet4—tw-lm.
j. a. rox,
ATTORNEY AT LAW,
COLUMBUS, GA.
WILL attend punctually to ail criminal and civil cases en
trusted to biin in any of the courts of ttie surrounding
countiesof this Slate and Alabama.
Office on corner of Broad and Randolph streets, over Manley
he Hodges.
REFERENCES—Hon. A.lverson, i
Teiment Lomax, > Columbus, Ga.
Dr. Stanford, S
S unuel F. Rice, J- Montgomery, Ala.
Columbus, Oct. 4. w&twtf
It. J. MOSES,
ATTORNEY AT LAW.
WARRENS ARCADE.
t3TOflice Hours from 9 A. M. to 4 P.
N. B. —All business entrusted to me will be faithfully
attended to. octll w&twly.
ROBERT N. HOWARD,
ATTORNEY AT LAW,
CRAWFORD, ALA.
September 8, 1855. — tw&wtf -
ROBERT E. DIXON,
ATTORNEY AT LAW,
COL UMB US, GEORGIA
Office over E. Barnard’s & Co.’s Store
April s—wtwly
JAMBS HAMILTON. VVM * F * PLANE
HAMILTON & PLANE,
Attorneys at Law,
Columbus, Geo.
Will practice in the Courts ot the adjoining counties
in this State and Alabama. dec*s—w&twtt.
DENTON & PHILIPS,
ATTORNEYS AT LAW.
ii? ILL Practice in the different courts ot Rust, ell county,
Alabama. ADDRES*"*
R. WATSON DENTON, JOHN M. I’HILITS,
Columbus, Ga. Crawford, Ala
Sept 15, 1854. w&twly.
PEYTON H. COLQUITT,
A TTORNEY A T LAW,
COl ITJUBUS, GA.
r*r Office in St. Mary’s Bask Building.
may2d wAtwtf *
J. M. RUSSELL,
ATTORN - Y A T Is AW ,
Office at present.with G E Thomas, Esq., over JR - Old &Cos
Broad s treet--Clumb.. G.or . a.
Columns, April 9, IoJ-
~~ RAGS! RAGS ! _ _
THE ROCK ISLAND PAPER MILLS
. • a iinee ania half cents cash per lb.
A RE payiDo . , Jjj n lu qualities ot one hun-
XY forclean Linen anu oouon nuantities under
<dred pounds and upwards, and 3 cents tor quaniu.es
W lbs. Woolen Rags not wautet. PALACE MILLS.
Office in trout ot ‘ w &. lw tf.
Columbus, Ga., Jtfay 9, 1855-
PRICES’ REDUCED.
cotton yarns for sale
At 80 cents per. Bunch, “Cash.”
July 11-"’twtf, WINTER FACTORY.
™L U . N 1 0 Y 0F THE STATES AND t HE SOVEREIGNTY OF THE STATES.”
COLUMBUS, GEORGIA. WEDNESDAY MORNING, NOVEMBER 7, 1855
RICHARD HOOPER,
COMMISSION MERCHANT,
CHATTANOGHA, TENN.
WlLLattend promptly to the purchase of COUNTRY
PRODUCE, or any other business entrusted to his care.
May 13—twly
LUMBER, LUMBER.^
THE undersigned are prepared to furnish Oak, Hickory,
Poplar, Ash, Beach and Pine Lumber from their Mill at
market prices, delivered on Railroad or in Columbus. Per
sons wishing lumber, will leave their bills at the Auction
Room of Harrison, Austin & McGehee, where they will be
promptly attend to.
_dec_23— twtt: WHITTELSEY & BRO.
DR. T. S. TUGGLE,
OFFICE ;OVER MFLLFORD’S ON BROAD STREET,
COLUMBUS. GEORGIA.
Columbus, January 10th, 1855. twly.
ROPE.
FIVE HUNDRED COILS FANCY
KENTUCKY BALE ROPE.
Just received and for sale atihe Alabama Warehouse by
J. I. RIDGWAY.
Columbus, Ga., May 4—twtf
NOTICE.
OUR Store was brok e n into on the night of the 2d inst, and
all our notes and papers taken therelrom.
All persons who have executed any notes payable to us or
to A.S. Hays, or who may know the tact of our holding their
notes or obligations, are heieby cautioned agait st paying them
to any person except J. W.Sappington or to us.
jiilyll—twtf ]). P. ELLIS & CO.
Weekly Enquirer and Corner Stone copy twice.
Drs. BROOKS & CARRIGER.
fll AVlNGassociated themselves together in the various
branches of their profession, they will be enabled there
by to give more general satisfaction to all who may favor
them with ther confidence.
Dr. Carriger is fully prepared and will .five special attention to
al I cases of'SURGED Y entrusted to his care.
Office iu Winter’s Bank Building.
Columbus,.lan. 14—twtf
EAGLE MANUFACTURING CO.
COLUMBUS, GA.
THE Factory, now being in full operation, is able to
supply (on their usual terms) promptly as ordered, the
various styles of their Manufactures, which consists of
the following variety:
YARNS,OSNABURGS,4-4 SHEETINGS 1 SHIRT
ING, Cotton Stripes, of great variety of Pattern;
COTTON ADEN, embracing many newsttyles;
Negro Kerseys & Pine Knot Plains;
Planters’ Casimsres, Truck for Trowsers,
Sewing Thread, Shop Twine, Mattresses,
Batting ,&c.
83?° To Cash purchasers inducements will be offreed
dec‘2B—twtf. J. R.BROWNE, Ag’t.
S AR
fully inform his friends and the “citizens oi Columbus that he
will return to his duties rn or about, the 20th of Sept’r.
He would also add that he will bring with him large and
splendid assortment oi'New and Fashionable JMUStu, vocti
as well as Instrumental. aug-28—twtf
WARM SPRINGS, ~
M MERIWETHER COUNTY, GA.
TH IS deligf.tful Watering Place is now open for the
reception of visitors.
Jue2l—twif. J. L. MUSTIAN, Proprietor.
Montgnomery Journal copy. _
WANTED,
EMPLOYMENT by a Book-Keeper, fully competent,
having had 7 years experience. Apply at this office,
or by letter to Box 268, P. O,
Columbus, Ga., July 31, 1855—twtl.
THE HOWARD FACTORY
Is now selling Domestics and Yarns,
At the Usual Rates, 10 Per Cent off,
FOR CASH.
Columbus. Ga February 19. w tf*
RIDDLE’S
Fashionable Daguerrean Gallery.
mHE Proprietor hasthe largest, neatest, and most fpshiona- j
JL bly arranged GALLERY lor the Art in the State.
He uses the best material, and allows nothing but first class
Pictures to leave It is Booms.
So forget not, ye I eve rs of the Fine Arts, when ye sally forth
to obtain those imperishable-gems, to call on RIDDLE.
He will give you a Handsome a Good Daguerreo
type. As for taking children, family groups, Steriscopes, out
door views, &c., he defies any Artist intbe country to surpass
him. Roo nson Broad Street, over C. Mygatt’s Dry Goods
Store. Columbus, a. mar 31 tw 9 in.
EO R SALE.
TH F. HOUSE AND LOT at present occupied by
the subscriber. Possession given immediately.
H. T. HALL.
j ~S ” I April 20, 1855—twtf
MARINE AND FIRE INSURANCE
BANK OF SAVANNAH.
AGENCY AT COLUMBUS,
TTTlLLreceive Deposits —and Checks for saleon New York
VY Macouand Savannah.
Apri 124-twtf RICHARD PATTEN. j
DANCING ACADEMY.
MR. C. H. CLEVELAND,
WOULD most respectfully announce to the citizeus ol
Columbus, that he Wiil commence the exercises ol his
Dancing Academy the first week in October.
Ail the genteel and fashionable Dances ot the day will
be taught during the session. .
‘Perms of tuition made known hereafter by circulars.
Sept. 20-twtf. ‘
Wanted
A SITUATION, bv a young man aged 17—a good penman
acconntanu ami willing to make himself generally use ul
Address Box 179, P. O. septß—twtf.
TO THE MUSICAL WORLD.
THE undersigned would respectfully in
pirm the citizens ot Columbus that hehasre
rrrm turned from the North and will resume his
lesson* on, Monday Get. Ist He would be obliged to
[hose who wish to avail themselves ot his services, to make
an early application as the number ol hts pupils will he
limited. _
NEW AND FASHIONABLE MUSIC.
The undersigned offers for sale a large assortment ol
New and Fashionable Music. It has bv
himself,during his recent visit to the North, and lonus the
best assortment ever brought to this market. . >
A large discount will be made to teachers of mutic, at.d
to Principals ol Academies and Cojiege*. r ,
Rooms over Merry’s Clothing btore Broad .t Col jm
bus Ga. sep2stwtf fL_^SARONL_
OAT STRAW,
THE Rock Island Paper Mills want to purchaselOO
tons of CLEAN INSIDE SHUCKS andl 50 tons oi
OAT_- STRAW, for which will be paid per ton
be paid, delivered in
i Columbus, Ga., July 31, lsoo tw&wtl.
TRI-WEEKLY.
[ HENRY W. VERSTILLE,
Commission & Forward’g Merchant,
SAVANNAH, GEORGIA,
REFERENCE sT
Hon.. John W. \nderson, Savannah, Ga.
Messrs. II dcombe, Johnson &.Co. “
Hon. Henry W.Hiliiard, Montgomery, Ala.
M ij. lohn H. Howard, Columbus, Da.
Dr. Henry Lockhart, “ “
E. B. Young, Esq , F.ufaula, Ala. junlSwtwtt
J. C. RUSE, J. H. DAVIS, W. H. LONG.
■"ruse; da vis” & long,”
COMM ISSION MERCIIANTS
AND
SHIPPING AGENTS,
SAVANNAH, GEORGIA.
WILL purchase and sell cotton and other produce on com
mission, and strictly attend to forwardinggoods and filling or
ders lroin ihe country.
Ruse, Patten & Cos., agents Columbus, by whom liberal ad
vances will be madeon consignments either to or through us to
our friends in Liverpool or the North.
July 9, 1853—w&twtf
ANDREWS, RIDGWAY &, CO.
DEALERS IN
STAPLE DRY GOODS,
GROCERIES, WINES, LIQUORS, &C., &G.
(Four Doors below Hill & Dawson’s old Corner)
It HOAD STREET, COLUMBUS, GA.
Columbus, Oct 15, 1853.—tw&wtf
DISSOLUTION,
THE firm of H ALL &. MOSF.S was dissolved on the first of
January, 1855, by ihe death ot’J. 1. Moses.
lIERVEY HAL.L, Surviving Partner.
COPARTNERSHIP NOTICE.
THE undersigned have entered into the HARD-tfS. .E
B USINESS, under the turn aid mime of HALL, MOSES
& CO. IIF.RVEY HALL,
ISAAC 1. MOSES,
JACOB P HEN RICK?
WILLIAM A. BEACH.
February 13,1855. w&twtf.
IUvtGING and bale rope
•j A A Bales India Bagging.
lUU 500 Coils Rope.
For sale by GREENWOOD A GRTMES.
Columbus, Sept 13, 1854—tw&,wtf
SPECIAL NOTICE.
IN order that our customers may understand the
terms on which we Uade, we have thought it advisable
to publish them. They are as follow's: For all purchases
on time, payments will be required twice a year; say Ist
May and Ist January. On all amounts unpaid at the times
specified, we shall claim and expect interest until paid.
E. BARNARD, &, CO.
Columbus. Jan. Ist ’55. janll—w&twtf. .
BACOM & FLOUR.
JUST RECEIVED.
IAA AAA POUNDS TENNESSEE BACON.
Xv/UqUc/v/ 100 Sacks Tennessee Flour.
40 Bbis. Howard Street Flour—a SuperiorAtbfJ*
Tofffttljpr with ‘A wail iStocIC oi WiiUv
which will be sold at the lowest market price Bv
ANDREWS, RIDGWAY & CO.
Columbus Ga .. Mav 29, 1855 vv&twif.
WRAPPING AND NEWS PAPER,
OF ALL SIZES AND QUALITIES,
’FOR Si LE AT
it
Rock Island Paper Mill Office,
IN FRONT OF PALACE MILLS.
TERMS CASH. junelG—w&twtf
“OLD TOM” GIN.
TU?T received a Superior article of “OT.h TONl” GIN in
Bottles —a delicious beverage, and a most excel lent, article
for medical purposes Also a Su] erior articleol Potash in tin
Cans. junl2—twtf. P. A. CLAYTON.
PERRY DAVIS’
OPINIONS OF THE PRESS.
?U E take pleasure in referring The reeder to the testimo
ni Is of our prominent druggists and well known citi
zens to the virtue of Davis’ Pain Killer. We have used the
article aud found it valuable. The sate ot this i rticle iu the
United States is beyond all precedent, as the books oi the of
fice will show. —Cincinnati Commercial.
Davis’ Vegetable Pain Killer.— We referour readers to
an advertisement with tire above caption, in the advertising
columns of this morning’s Eagle. We first heard ot this med
icine during a recent visit to the New England States, and be
ing struck with tie novelty of the title, we were induced to
make some enquiry about it, aid were surprised to learn that
it was kept cous'antP in the houses of most of the inhabi
tants ol the cities andvillages where we stopped, to be used
in casesof sudden attacksofpai.i,burns, scalds, &c . ar.d we
heard it spoken oi in terms of high commendation by both
druggists and physicians. Tuis much we can with propriety
say asjournalists,in favor of the article. —[Philadelphia Eagle.
Pelrv Davis’ /euktablk Pain Kil' er.— Voluntarily,
conscienciouslv, cud with much pleasure, we recommend *.o
our readers the above named medicine. Ve speak lroin our
own observation and experience when we say that it removes
pain as ifbv m i&ic from all parts of the body, and is one ot
the best medicines in use for checking Diarrhoea, and tor re
moving the premonitory symptomps ol cholera. It is applied
both internally and externally, with the best effects, and none
who have once u<ed the Pain Killer would willingly be with
out it constantly in their houses. —[Cincinnati Eve. Nonpareil.
Davis’Pain Killer- — This article needs no comment from
us, but the real v’ orth us so valuable a compound, compels us
to givepublicity to it, in our Transcript. Mi. Perry Davis, the
manufacturer and inventor, is a gentleman tor whom we enter
tain tt3 hisrhest respect, and any article he should offer to the
public we should have the [utmost confidence in. The Pain
Killer we ketp constantly <>n h .nd, and have done so for aniim
berof years, and have administered ittorailsof all descrip
tions. both external end internal,and have ever found it to be
tae best reined v extant. We well reflect its first introduction
for public patronage} it was then sold in a few shops in this
city; look at it now. the world are its patrons. A few- days ago
wepiblisheda certificate from burin ah, and we have ollen
seeuihera from the most remote habitable regions of the globe.
Reader, if you have not a supply on hand, (we trust you
have, as it is almost indispensable) procureit at once,and nev
er be without it again—it will save mauy a physician’s bill.—
Providence Dailv Transcript.
For sale by RUBT. CARTER and DAN FORTH fit NAGEL.
Columbus,andalao by Druggists and Medicine Dealers every
where. septll — w&twtl.
GOVERNOR’S MESSAGE.
Executive Department, )
Milledgtville, Nov. 6th, 1855. $
Felloic Citizens of
The Senate and House of Representatives ;
You have assembled, as the representatives of the peo
ple, to review the administration of the State Government,
for the last two years, and to enact such laws as your wis
dom may dictate, to be necessary for the promotion of the
public welfare. You meet under circumstances well
calculated to awaken gratitude to Heaven. For al
though the*previous year was one of drought and com
parative scarcity, aud memorable for the melancholy
ravages of Yellow Fever upon our principal seaport
c 'ty, jet, the temporary frown of Providence has pass
ed away, and again we bask in his beneficent smiles.
Peace, health and prosperity reign throughout our bor
ders; we still enjoy the blessings of civil and religious
liberty ; all things combine to provoke us to that righ
eousness which “exalteth a Nation.”
Treasury.
I herewith submit the Report of the Tieasurer, ex
hibiting fully the operations of his Department, for the
last two fiscal years, ending on the 20th of October. It
appears that there was at that date, an available balance
in the Treasury of $90,793 24.
Ihe Western & Atlantic Railroad paid into the
Treasury, in 1854, the sum of $50,000. There were
also collected from the Federal Government, on account
ol Military claims, $11,331 79. In 1855 and prior to
the Ist of October, the Western & Atlantic Railroad
paid in the further sum of SIOO,OOO 00. The Treas
urer also received on account of the sale of the revert
ed lauds in the Cherokee region, sold under an act of
the last Legislature, the sum of $19,302 61. From
the sale of the State's interest in lands on the Chat
tahoochee, under an act of the last session, he rectived
the further sum of $1,993 11. Hence, for the two fis
cal years, the Treasury has received the aggregate sum
of $152,627 49, from extraordinary sources, not an- j
tieipated by the last Legislature, in the estimate of reve
nue. The aggregate receipts of the Treasury, from or
dinary sources, for the two years, was $930,24-1 (3 ;
and the actual aggregate of disbursements, for the same
time, was $946,874 97 : showing, that there would
have been a dt licit, without the receipts fiom these ex>
traordinary sources, of $15,730 94. Now, the act of
the 24th of December, 1845, creates a lien upon the
Western & Atlantic Railroad, and its nett earnings
for the redemption of the Bonds, amounting to $125,-
500 00, which it authorised to be issued for the exten-
sion of that work. They fall due in July and Decem
ber, 1856. But seeing that a deficit in the Treasury
to meet the demands upon it, must necessarily occur ;
finding it also impracticable to call in these Bonds, ex
cept to the amount of $19,500, and feeling perfectly
au uikjcui, me iuiure proceeds oi me noad will be
amply sufficient to meet the balance of $106,000 00
befoie or at maturity, I directed the Treasurer to carry
the monies paid in, from that sjurce, into the genera
fund, use them in the payment of the public Debt and
interest, and the regular operations of the Treasury.
The Commitiee of Finance on the State of the Trea 1
sury, &e., culled my attention to the immense item of
expenses for the services of Clerks in both branches of
ihe General Assembly. I have investigaled this sub
ject, by actual examination of the President’s and Spea
ker’s Warrants from 1533 down to the present time,
including the last session. The aggregate expenses of
the two Houses, per Session, on this score, from 1833
down to the session of 1549-50, ranged from $1,290 00
to $8,833; the latter sum being the largest expendi
ture of any one session during that period. For the
session of 1849-50, the expense for Clerks’ hire of the
two Houses was $18,286 00: for 1851-2, it was $17,-
212 00, and for 1853-4, it was $33,150 00. The
enormous expenditures of the three last Sessions of the
Legislature evince extravagance and call for retrench
ment and reform.
Taxation.
Locking at the large liabilities of the Western & At
lantic R.ilroad, to mature in 1856, and tho heavy de
mands upon its receipts, to perfect its equipment, 1 sub
mit, that it will be wise to adhere to the policy of rais
ing, by taxation, the amount necessary to defray the
expenses of the Government, and meet the ordinary
drafts upon the Treasury. The nett earnings of the
Road should be faithfully applied to the extingu shment
of the large public debt created for its constriction ;
tixi ton should furnish the revenue until that shall have
been accomplished.
1 shall not enter into a discussion of the principle
upon which the tax should be levied. The ad valorem
is the only correct principle. It may now, I trust, be
considered as the fixed policy of Georgia; for it has vin
dicated itself by experimen', and the public mind is
satisfied of its wisdom. The existing system may ueed
amendment, in its details, but you should adhere to the
principle on whioh it is bnssd.
Public Debt and Credit.
On the 20sh of October last, the Public Debt, in
cluding the 6 per cent, bouds issued for the payment of
claims against the State, on account of the Darien
Brnk, was $2,641,222 22 Since the action of the
last Legislature, the Central Bank 7 per cent, bonds are
considered as part of the Public and consequent
ly the balance outstanding, amounting to $296,000,
are embraced in this estimate. I refer you to the
report of the Treasurer, and to the accompanying Re
port of the Finance Committee on the State Treasury,
<frc., for tabular statements of ihe amount of the bonds
which constitute tlie State Debt, tluir rate of interest,
when and where payable, and the pay ments made du
ring the two past financial years.
The credit of the State is now good—a source of
congratulation to every Georgian. It should not only
be preserved, but every means adopted to increase and
sttengthen it. It is rtmaikable that the Bonds of Geor
gia command a less price than the Bonds of other
States that owe a much larger debt. This is a fact
which should arrest the attention of the Legislature.—
I apprehend that, upon examination, the reason will be
found to be, that our Bonds are mainly payaLle in Au
gusta, Savannah, and at the Treasury. This is true of
all the issues, except those of July Ist, 1852, and these
amount to but $525,000, payable in New York. They
were negotiated for a premium cf five per cent, while
the issues under the aot of Dee. 4th, 1831, the interest
of which is payable semi-annually in Savannah, were
negotiated at au average premium of but two per cent.
This furnishes a striking illustration of the advantage of
making our State bonds payable in New York. This
is the great commercial emporium of the Union, and
thither capital flows, from all points, to seek investment,
lienee, as a means of appreciating the credit of the State
1 recommend the Legislature to authorize the calling in
of all the State Bonds, including the Central Bank 7
per cents, not payable in New York, and the issuing of
others in their stead, of similar tenor, dates and amounts
respectively, payable at that point. It will also impart
simplicity and uniformity to the operations of the Treas
ury.
By an act of the last Legislature, approved 17th Feb,
185-1, I was directed to issue State Bonds, iu lieu of the
outstanding Bonds of the Central Bank, it was im.
possible to effect the arrangement contemplated by a
literal exchange of bonds. The interest on the new, was
limited to six, whereas the old Central Bank Bonds
sought to be called in, bore 7 per cent. Os course, the
holders would not receive the former, in lieu of the
latter.
That act also required the issue of new Bonds, in
lieu of certain other Bonds of this State, printed on in
ferior paper, mutilated and of inconvenient amounts.—
The holders of these bonds, with one exception, have
not applied for the benefit of the act ; and therefore,
it was not deemed expedient to incur the expense of a
new engraving. By adopting the policy above recom
mended, both objects of the Act will be accomplished*
and contribute much to the public good, since it will
form a part of the plan for simplifying the State debt
and appreciating its cferit.
Under the act of 24th December, 1845, “to extend
the Western & Atlantic Railroad, and to provide means
therefor,” (5 per cent. Bonds were issued to the amount
of $125,500 00, signed by the Governor, and counter
signed ly the then Chief Engineer, and payable ten
years after date. They were issued on the Ist of Do*
cember and July, 1846, and consequently, fall duo the
Ist of December and July, 1856. In anticipation of
their maturity, $19,500 00 of the bonds have been paid,
leaving a balance of $106,000 00 unpaid. The Act re
ferred to gives to the holders of these Bonds a para
mount lien upon the Road and its nett earnings,for their
redemption. Hence, the clean receipts of the Road
must be appropriated to the satisfaction of these liabili-
ties ; and there is no doubt, but they will be amply suf
ficient to meet them all before or at maturity. After
that, they may be used in any manner the Legislature
may direct. Therefore, if the amount neoessary for
the administration of the Government, be authorized to
be raised by Taxation, as recommended in another part
Western & Atlantic Railroad should be appropriated to
the payment of the Public Debt. There is obvious pro
priety in this policy. Most of the Debt was oreated for
the construction of the Road, and it i3 therefore proper,
that it should first discharge liabilities to the State. As
a large portion of the Public Debt will fall due at the
same time, ‘lie Executive should be clothed with discre
tion to make such application of the money, derived
from that source, as will avoid the embarrassment which
such heavy maturities must produce. I therefore re
spectfully submit, that, after the payment of these Bonds
and reserving enough from time to time, to meet its lia
bilities proper, as they may fall due, the nett earnings
of the State Road should constitute a Sinking Fund,
permanently set apart for the purpose indicated.
The Western <s• Atlantic Railroad.
I herewith submit the two annual Repotts of the
Superintendent of the Western and Atlantic Railroad,
exhibiting its operations for the fiscal years 1854 and
1855. They show a steady and h : gh!y encouraging
increase of its business and a commendable curtailment
of its expenditures. As these documents furnish all the
data for the formation of a correct opinion as to what
should be the future policy of the Road, so far as re
lates to the regulation of its tariff'of freights, I shall in
dulge in no speculations upon that subject ; but leave
it, in all its bearings, to the wisdom of the Legislature,
It is one of great moment, and can only be correctly
settled by facts, its connection with other roads, and
the light of experience. If you design it to be a paying
road, then the policy obviously is, to adjust its freight
schedule, in reference to its connection with others. If
you are content, that it shall be kept up mainly for the
accommodation cf the section through which it run 6,
and as the means of affording the low, with facilities for
procuring the products of the up country, without spe
cial reference to profit, then it may be treated and
conducted as an independent work. The Road is the
people’s property, constructed for their common bene
fit, and therefore, it is peculiarly appropriate for you, as
iheir representatives, to prescribe tho line of policy to
be pursued.
Nor is it necessary to discuss the v arion lans sug
gested for its future management. Some insist, that
it should be sold, either in part or in whole, so as to
sever its ownership from the State, or to give its con
trol to private individuals. Others urge that it-should
be leased fur a term of years. These propositions
wtre discussed by my immediate predecessor, and con
sidered by the last Legislature. They have also, in the
mean time, engaged the popular mind, to a considera
ble extent, and you are doubthss prepared to repre
sent correctly, by your action, the public sentiment.—
Another mode proposed is, to place its management in
the hands of a Board composed of three Commissioners,
to be chosen by the people. I refer to these proposi
tions to demonstrate what I believe to be indispensable
to meet the expectations of the people of the whole
State—and that is, the necessity of removing its admin
istration beyond the arena of politics—of taking it from
Executive control—of making it independent of party
influences. However widely different these various
propositions are, they afturd conclusive evidence of tho
restlessness of the popular mind on the subject. The
sentiment is all pervading, and is manifested in a thou
sand forms, that this is expected and demanded at your
hands. How it shall be done, is tbe question for your
wisdom. I have no hesitation in expressing the firm
belief, that it were better to adopt any one of these pro
positions, than to permit the Road to be managed under
t he present mode of ita organization. The idea of this
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