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KJEPOBT i or m mnrtwicK oomorru, oh ths con dition ot thi bbvnswick to ruatot *. a. 00, lisi to not rioPLx of •oothenn OXOBOU IT KUXTOWH, OCT M IW7 Brunswick,*©*-. Oct. 5,1867. To the citizen* af Brunswick and Southern The Undersigned, appointed a Committee by a public meeting Ueld in this city on. the 28th of July, 1867, to proceed to New York, for the purpose of ascertaining the state of affair* of the Brunswick St Florida Railroad Company, and its plans of fhtere operations, with instructions to report the result of their mission t the peopTe oF Souther* Georgia, at a meeting to be held at Troupvill* on the 20th of August r 857. beg leave to ’ HKPOBT, That they proceeded itntnedlstely to New York and upon their arrival there on the 7th of August last, were received by the gentle men interested in the Brunswick St Flori da Rrilroad and in the prosperity of Bruns wick, in a manner highly gratifying to your committee. .. . Your Committee found that our friends in New York had been for some time, engag ed in matnring plans for the reorganization of the Railroad company, and in placing it in a better condition to prosecute the’ work. After several days consultation with the members of the board,a meeting of the same was called at Albany, and on the 13th. of August, the board met, when the following proceedings took place:— Mr. Harris from the committee appoint ed by the citizens of Brunswick to confer with the BoauLon matters Df general inter est to the Compsuy, presented tbo following letter. Nkw York, August llth, 1867. Mr. Henry S. Wellei Prcsnt , B. If F. Rail road Company, , ‘-**• ‘Dkab Sir, — At a meeting of the citizens •f Brunswick, Georgia, held on the 28tli day of July, wo were appointed s committee to proceed to this city, to ask of you an exhib it of the state of affairs of your company, and ascertafu your ability to proceed further with the road and your plan of future opera tions. We beg leave to acknowledge receipt of the exhibit which you have been kind enough to furnish us, nnd in furtherance ot sur duties, we respectfully solicit auswers to the following question : Ist. Have yon the ability to furnish the iron to Big Creek 1 2nd. If so, how soon do you expect to hart the track laid 1 3rd. If you cannot furnish the iron imme diately, how long do you expect tho road to remain in its present condition ? 4th. What provision do you propose to make for the payment of tho (louring debt l C. 1. HARRIS. ) JL HAZJ.KHURST, } Committee. C< W. STYLES. ) The Board instructed the Secretary to an swer the said interrogatories as follows: Albany, Nkw York, Au£. 13. 1857. Messrs. C. M. Harris, li. Hnzlchurst, C. W. Btyles. Committee, Dear Sirs, Your favor of (lie llth inst, submitting certain interrogatories to the Pres ident of this company, was received. I have this day laid it before the lioart of Directors, who instruct mo to make tho following reply. Question Ist. Have you tho ability to fur nish the iron to Big Creek l Answer. In the existing circumstances of the Company, we have not. Question 2d. If so, how goon do you ex pect to have the track la’ul l - x Answer. Tho -second question m answered in the reply to the first. Question 3 d. If you cannot furnish the irou immediately, how long do you expect the road to remain in its present condition f Answer. The length of tihio during which the Road would remain in its present condi tion, depends upon contingencies Question 4 th. What provision do you proposo to make for the payment of the floating debt 1 Answer. We cannot at this time determ ine. I ntn, Pear Sirs Respectfully, yourob't. Serv't. HENRY G. WHEELER, Secretary. Mr. Harris from tlie Committee being re ferred to, enquired whether -the exhibit o! the financial condition of Hie Company , fur nislieclto them by the President of the Com pany, ntet the approval of the Board. Af ter some couversafioa, on motion of Mr. 11. G. Wheeler, a Committee of Audit was ap pointed to consist of a memhe+ofethis Board, a member of the Brunswick Committee,.and a gentleman representing the parties holding $ 120,000 of the old stock. Mr. Vihbard on behalf of the Board, Mr. C. M. Harris on behalf of the Brunswick Mr. Charles Day on behalf of the parties repre senting the 8120,000 of the old stock, were appointed said Committee with power to calf in the services of the Chief Engineer, and of a Book-Keeper, and nisei *rf such other persons as they might think j%ptier, aml also with power to the two other inemWis of the Committee, so designate a substitute for Mr. Day (representing the same interest) if that ’ gentleman should decline to Mr. Harris, in the gentlemen composing the Committee before referred to, presented the following letter. . “ Albany, N. Y.. August 13, 1857.’* To the President and Directors of tkc Bruns seick i) Florida Railroad: 1 % Gentlemen, The duties of our Committee having been closed, we the, undersigned de sire tolay before you, the following sugges tions,, whieh in our opinion, if caricd out, will an sure the hearty cooperation of the citizens of Georgia* in carrying out the enterprise. * lit. The present Company retiro into] stock, the $31)0,000 of houds of the Compa ny- 2d. That so much of the floating £ebt of the Company at is possible, he converted in to stock* ana that as to the residue, the best arrangements which can be made ns to time be entered into. 3d. That* reorganization of the Compa ny, be had, giving us k President and three ! Directors inj Georgia—the result of which, ! we believe, will be the procuring of the iron to Big Cfreek. • Ycrv respectfully, x K. HAiLEHI'RST, I C. M. HARRIS. The Auditing Commit tee immediately com menced its labors, and after,an arduous and. laborious session of over six weeks, .present- j oti to tb# Romo of Directors fire following report and exhibit of affairs of the Company. , REPORT. New York. Sept, 1L 1857., To the President and Directors of the Bruns wick if Florida Railroad Company : Gentlemen, The undersigned, comprising the Auditing Committee, appointed to exam ine tbc accounts ot your Compauy, beg leave to REPORT, That they have examined the books, re cords and vnuchorsyfuinisbed them by your Treasurer and Secretary, and from them it appears that the Treasurer,Henry 8. Welles, has, since his connection with the Company, expended fur construction, materials, iror, equipment, Sic., with interest thereon, the sum of 2313,573 21 and, in addition, ho has paid to Robert Collins, on account of work and disbursements in Geor gia, 50 of the Bonds of Jthe Company,which were taken by him (Mr. Welles) at par 50,000 00 Thus making the snfti of 8303,573 21 the total amount of the expenditures, with the interest thereon, made by Mr. Welles for the Company. Mr. \Velh>s has received from the Compa ny during his connection with it, three hun dred of the Coinpany’s bonds of 81000 each, with interest at the rate of 7 per cent per annum ; subjoined to each,coupons for each instalment of interest that would accrue on the bond from the first day of the month in which it was issued, until it matured, bearing date Jau. Bth, 1856, and with which we have charged jiiui with par value 130.0,000 00 Os these eoupons wo find due to the Ist of July, 1857, #31,500,0f ! which,469 coupons,amounting to $16,415, have been paid accord i ing to Mr. Welles’ books, but 12 ( i of them, amounting to $420, j were not exhibited to us by him, i nnd lie is,therefore, charged with them, the Company being liable, 420 00 He is also charged with cash re [ ceived from Stephen Clay King and A. 11. Atkinson 548 52 Also with $20,000, being tin* amount “of tlie liability of4he . Company Jo Messrs. Vibbard, Gray, and Weed, given to them for the payment of 20 bonds of SIOOO each, (with 1500 shares J of city stock attached,) in value of securities borrowed by him of them, in the name of tin) Com * pnny, upon the return of which, or their value, the Company is li able, 20,000 00 leaving the balance in his favor of. : 42.604 69 Thus making thp sum of., ..$363,573 21 an amount equal to the di.-burseincnts made bv him. The coupons till paid to July Ist, 1857, amount to $15,085. Your committee beg leave to refer you to the anuexed account current, marked A, for* the details of tho above statement, and here with annex the balance sheet, marked B, allowing the condition of the affairs of your Company, ns found by your committee. < In tho investigation of the stock account, ■ your Committen find that 13,100 shares.of the capital stock of tho Company were sub scribed for in 1853, and the certificate book shows .that 10 per cent was paid thereon.—of these 12,100 shares, the parties wliosuhscrib ed, nnd others to whom the ‘Sto'ck was trans ferred, retain 4055 shares, subject to call on i assessments, and in consideration oftli6 10 i per cent, paid ttr by -certain- of tlm old stock j holders, tbpy received 037.4 shares of full 1 paid np stock, which your committee find in the hands af J. De-P. Ogden, as Trustee, pledged for the payment of certain debts; t|ife-balance of the 12,100 shares,(viz. 74074) Was transferred to H. -S. Weiles under his agreement to pay the 10 per cent upon it. — (tut of tills balance Mr. Welles has trans ferred 298 J shares’(full paid,) which left in his hands 7 shares. Os the 10 per cent duo ori the said instal ments, the Company hayc received from Mr Welles the before named sum of $12,604 69 paid by him, as appears from the accounts. The residue of the stock is to be surrender ed to the Company, _ Your Cominitteo also state, that they find a further issue of 178 shares,full paid stock, has been made by Mr. Wellosto contractors, Under resolutions of £our Board, and upon estimates of your Engineer; making a total [issue of 12,278 shares, upon which $151,- 887 50 lias been paid in, as shown by the stock list, marked C, annexed for your in spection. Your Committee further state, that they find a debt due to the Ocean Bank, in tlie City of New York, for about $35,000. Your Committee also learn, that a claim is made against tlie Company by the firm of Naylor, Vickers & Cos., under a -contract for the purchase of iron, made in 1853. As to the extent of this claim, if any legally ex ists, there is n wide difference of opinion be tween the parties. On the part of the Com pany, it is contended thnt n comparatively small amount only, if anything at all,, can be recovered, The claim is now tho subject of litigation in the Courts of Georgia.. * There are, as your Committee have been , informed, notes or acceptances of the compa ny outstanding, to the amount of $12,000. These notes do not appear on tho books of; tho Company, nnd were not applied'to its use. and the Company is not bound to pay j tltt’HV- ■. • _ . ■■■ - There are also outstanding claims for small i amounts against tlie Company. , Your Com- j inittee have not been able to ascertain the ; precise amounts, but tbo whole will not prob- j ably exceed $12,000. .. . BONDS. In the examination of (he Bond account, j we find that of the old issue of $1,200,000, there are in tlie hands of U. S. Welles,Treas urer, 264 bonds of $100(7 each, and 157 ster ling bonds of 82500 each—'Bo bonds of SIOOO each arc by the Ocean Bank ns collat eral security for its debt—-30 bonds are held lij Messrs. Vibbard•& G tafaa collateral for the debt of S2O 000'due tlfem, nrid’onff bond is held by D. 11. Martin of SIOOO. > Y'onr Committee are informed by Mr. Welkrs that tlie rcmaiqd< sr •>? these old mort fage bonds are in tho of'other parties. our Committee aro advised, however, that they wore not so placed or used for the ben efit of tlie Company, aud that the Company cannot, in any event, bo made liable for their paynient. We arqgassureA however;’ and believe, that they will be returned to the ! Company within si. very abort time (ns also l the 812,000 of notes before mentioned) aud will be cancelled. Respectfully submitted, (Signed)^’ O. M. MARRIS, ) . C. VIBBAIID, ( CIIAH. DAY. {committee.. , Charles L. Schlatter, Chief Engineer. a- BALANCE SHEET OF AUDITING. COMMITTEE OP THE BRUNSWICK AND FLORIDA RAIL ROAD COMPANY, SEPTEMBER, 1857. Cash: .19 48 1 Construction, 538,608 70 Salary,., ..... 16,330 22 Expense,— 11.544 09 Equipment. ; 8,509 35 Insurance, 2,025 56 Discount.. .j. 925 Office Furniture,. .251 83 Interest Account, Interest, - ‘ $6,736 59 Coupons to July’ 1, *57 31,5U0 00 38,2.36 59 • $615,535 07 C. L. Schlatter , 7,459 22 R. C011in5..... 8,456 59 M. S, Welles .. 42,604 69 Bills Payable \ .. . . 47,375 87 Coupon Account. 15,085 00 Geo. E. Gray 5,000 00 Cbauncey Vibbard... -........ 10,17500 Thurlow Weed 7 5,000 00 Paid in on Capital Stock 151,887 50 Bond Account 300,000 00 Jones !t Hayes ~ -. 10,059 60 Briggs A Howell ............. 4.322 30 R. McDonald St, Cos. ■ ■... . r.. •*. Iv.tti'OO Pike, Smith A Griffin ‘ ‘'” 2,523 00 Erast us. Corning-A- C 0... ■2,561 26 S. C.-King ...... 500 00 A. 11. Atkinson 50 00 H. G. Wheeler 63K01 Jessee Osmund 500 00 . 1 $615,535 07 Construction Account is ” Stock retained by - old Company, $121,000 00 Ocean Bank debt, assumed. 40.265 40 Pajd to Robert Collins ; -. -52,4-15 02 “ Forbes,Ogden, Davis, Foote &. ‘Scranton 5,808 0o Iron furnished by 11. S. Welles. .140,342 02 Equipments, llorses, Carts, St, c as per Bills .10,241 10 Amount work and disbursements _in Ga. by R. Collins 140,900 00 Stock to Naylor, Vickers Si-Ca . •. .y.OOOUtT “ to Ilysinith.Bur-uett.and Gigg illiat, .... . : .........1,300 00 “ due Western Contractors... 18,245 90 Erastus Corning & Co.,for. Spikes 2,561 26 Jesse Osmund, for Turn Table.*... .500 00 538,608 70 CLAIMS STANDING OPEN FOR ADJI.STMKNT — Thomas Boston—C. F. Welles,salary—H. IS. Welles, salary—Bhrtehford, ’ 8750 00— I Hosford. 8.300 OQ—Commissioners for asscs ing rigid of way —A. G. Jewett—l'. T. Long—G. E. Gray —S". ,T. Beals—Brunswick Committee, expenses—GTlh-tt, Book-Keeper. New York, Sept. 17th, 1857. CHARLES. M. HARRIS, Chairman Auditing Committee. Your Committee deem it necessary for a fuller explanation of the balance sheet ofjthc auditing Coin’tee, to show in as concise manner as possible the, character oft! 1 o liabilities, i and the manner in which they have been Ht are to be disposed of. 15 The committee before referred to, compos-, ed of the President aipl Mr. G. E. Gray, will settle with Messrs. Schlatter, Collins, Corning St Cos", (.)moml, Wheeler, Stc., as also the outstanding claims as shown in the balance sheet and referred to in the Auditing Committee’s report, as probably not exceed ing 812,000. 7. Bills Payable, including theDcenn JBank debt, (ivhtc.li Iras already been arranged,) will also be settled by said'Committee. Mr. 11. B. Welles has been - paid in stock 842,004 09. ‘Phe coupons unpaid and due will be paid in stock 81 •'3,085, as also the amount due to Messrs. Vihbard, Gray and Weed. * Bond account, converted into stock, $300,- 000—Messrs. Jones St liases, Briggs & How ell, R. McDonald Sc Cos., Pike,Smith Sc Grif fin, StC. King, and A. 11. Atkinson, paya ble in stock notes and stock. [We oinit-the+mg extract from the minutes of the Board of Directors, shewing only the election of Mr. H. G- Wheeler as Rresiilent in place of H. S. Wcllos, and of .Messrs. Stephen Clay King and A It. Wrightof Georgia, ami J. Milbank of New York :is Directors, in place of Messrs. C. F. Welles, Jr., 11. S. Welles nrfii Mr. Beals, and of Mr, C. M. Har ris of Bruusiviek ’ as Secretary and. Treasurer. — Kus. REPORTER.] Your Committee further stale that on the -23d Sept., after the reorganization of the Company, oil the .7th Sept., that the $656,- 0.00 of Bonds reported by the Auditing Coin, mitteo to have been found in the hands of Mr. H, S. Welles, were turned over to Mr. t). M, Harris,” Treasurer, and that in pay- : inrjiil to Mr. Ij. S. Welles, of the 842,604,- j 69, balance clue him, there was issued to.him , 817,704 69 stock, and to 11. G„ Wheeler, as j trustee for the. Company, 825,000, to be held j by liim.Lu pledge for the delivery to tbePponv pauy of the bonus referred to in the Audit ing Comiiiitte’s report as* the remainder of the 81,200,000, in the bunds of other parties; also, 8+2,000 of notes refered to in said re port, in addition to jyhicli security a was that day executed to the company by | Mr. Well es for the delivery ot said bonds and notes, and that on the day following (the j 24t1,i September)} of these said Bonds, Mr. j Welles delivered o the treasurer S29J)OoJ and also $8,0()0 of the sl(ort bonds, or 8300,- | 000 issued, and translered to t’he Company the stock held in liis name. Your committee state that they were the’ bearers of a letter from Co}. A. R. Wright, ! addressed to Henry G- Wccler, New York, and in conclusion of this report, Mg loave to j lay before you the following reply of Mr ‘Weeler, handed to your Committee by Col. Wright : Office of the BrvnswVck Sc Fi.orida Y , Rail Ro.ut Company,No. 4,Wa11-street, > ifNew York, Sept. 21, 1857. ) A. R - Wrioht, Esq., MyPenr Sir,— It has been mntter of regret to me, not less tjian it must have been to that, I havff been so long prevented,by circumstance* beyond my control, from replying to the com municHtioiJLynu addrfgsed to me on the 4th of August. This delay, ijnfortunate as at ■ first sight it appeared to he, has not been un productive of good. It has afforded ns longer time and calmer opportuitiw to look •* the, features of <be Brunswick A Florida Rail Road Company, as .they actually exist; to survey our ground ; to calculate our resources; and to plant ourselves more firmly on that new basis of action from wliifih, I trust, we shall not be lightly removed. * The complications by which your Commit-’ tee have been surrounded in tlieir investiga tions here, have at length been surmounted. To theirpatient toil and unremitting applica tion to the duties of tlieir mission, much of the success which lias attended it is to be at tributed. And 1 am happy to bear my feeble te timony, as I s'ncerely do, to their zeal auil devotion in the cause which brought them to this icity. Yon will scarcely look for any elaborate communication from int\ I have but little ito say, and that little must be direct to the ; point. Asa No'thrrn Company, the Brunswick & Florida Rail R iiftii has ceased to exist 1 . By means of the confidence,whichmy friends ! havebeen pleased to repose, in me, and fol t lowing the dicta!e.s of tnyown judgement, i have been enabled to mfeet the moderate! : wishes and expectations shadowed forth in . your letter, in a spirit of tiroad and liberal! concession far beyond anything which*you bad asked, or, asitseems, desired. A thorough re-organization of the Company lias taken | place. A majority’of the Board of Directors will be among you in Georgia. The Meetings of I the Board will be held in Brunswick. Every j dollar of money collected amgng yon, will |be received and disbursed by yourselves. [The same steamer which conveys this letter ! will convey to Georgia the records, transfer books, books of account, and papcrs_ of this rCompany—every tiling, in short, winch gives |it vitality as a corporate existence. I have instructed the Treasurer and Secretary, C. M j Haris, Esq., to make flie requisite arrange ments in. Brunswick for the accommodation lof t lie business of Company,its AgentS'afid Of ficers—including my unworthy self, elected by no act or desire of my own, to the Exe- ! j cutvc office. You may assure yourself that i —God willing —no blades of grass will i grow beneath my feet, until the cause in which I have labored so disinterestedly, and against so many staggering obstacles, lias [been vindicated and sustained: The financial cqnditi\i of the Company j will be found scarcely iWi suggestive of hi pe | confidence and success. will | report to you in detail. Trim short Bonds, or [obligations, of the issue of January, 1856, j (know n as-ihe $300,000 issue,) cease to be a riien on the Road—the parties agreeing, (its. ! you will see by the enclosed paper marked A) to convert them into the general stock of the | Company. The old Mortage Bonds, issued : under an order of the stockholders in gen | eral meeting, nnd bearing date September , 1 852-, will be cancelled. The floating debt |is satisfactorily arranged ; and the. sfock lately in the hands of Mr. H. S. Welles— j over and above the amount be lias paid upon ; it, and over and above the, amount requir ; e.d for the conversion of the $300,000 issue ■ of Bbnds—becomes the property of the Com pany. The iron to lay’ the track to Big Creek i will be. sent out at the earliest moment at j which the terms of Dtircliase Can be arrang ed, and a better equipment w ill be placed on | the: Road. You are thus presented with a I Company having no bonded debt, free from ! embarrassment,and ready for the must prompt and energetic operations. And now my dear Sir, w hat more, can 1 say l 1 need not'call upon you to be tip land doing, in a cause to which yoiTTiave seen fit to pledge s') deeply your personal honor : ijuid your public reputation.” I should regard all such suggestions by me as Intrn-ive. You have [rang *vtF yoil rs e 11’ mi de r the banner of Bruns wick. llrunswirlc for herself \ and not for another. In that sign, w’e shall conqJipr — and conquer because wc arc right.” The ■ struggle may be * sharp, but the victory is j sure. Audit is never to be forgotten, that the value of all victories, to honorable minds, | is in exact proportion to .the goodness of Mie cause in ,wliicli they have labored, and the | extent of the sacrifices they have made ,to ! sustain it. I am very respectfully, your obedient servant, ILiG. WHEJSLER, - President B. A F. 11, R. Cos. Respectlv submitted, C. M‘ HARRIS. ) R. HAZI.EHURST, > Committee. C. W. STYLES, ) J STRUCK B 7 XtGHTHXTro AHD RESTORED BY THE U3E OF WATER. i . . r • -On Friday, the 2Stli ulf., four or five slaves belonging to Cel. Angus McAllister, were prostrated by lightning in his gin-house, ; i situated about a mile from his dwelfiiig.—* [None were seriously injured except a girl named, Plicebe, who was insensible and sup posed to be dead. Upon information being I brought to Col. McAlister, lie directed the immediate free application of cold water; the girl,senseless aud to all appearance dead, was placed in a stream near by, and water poured on her from buckets, when in a few,! minutes her breathing and pulse returned, and shcjvas removed to the house in a fair way for recovery. Let every person remem ber that there is always hope in such cases, j if water can be obtained, and do not cease the application until atiimatiorrhas been sus pended from two to three hours. Death may . -occur instantly lEotfi a stroke of lightning, but in a large number of cases animation is niccely suspend,ed and may bo restored. — Abbeville { AIa.J Advertiser. - ~ v. “ V. ; • PARSON BROWNLOW. Parson Browulow, having proposed to de-[ bate the question of slavery at the North, Greely, of the Tribune, suggested that Fred 1 Douglas, black’man, should mept him in dis- \ cussion. To this the Rev. Mp Browiilow | responds: “If Dongla^*was to attempt lo reply to me in public, 1 would serve him as Rust drd Greply, for bis insolence—l would wear him out on tiro pavpment with a big stick.” PHILOSOPHY OF WETTING BRICKS BEFORE t LAYING W WALL. Lime mortar only acts as bound with brick by adhesion, the vehicle being the water ‘or moisturfi in the tnoftar. Dry, porous bricks at once (abstract the moisture from mortar, and it soon evaporates, and thus the binding material between the two is removed.—-Scien tific American. JVboever is lionet, generous, courteous and candid is a gentlemen, whether be be learned or unlearned, rich or poor. CJjt Mirt-fes sepodrr. THOMASVIIjLE : /////*• , .— - Tuesday, October 20, 1857. , Dr. W. 11. IIALI,, GIVES notice to his friends, that his arrange ments are such, thnt his connection with the Wire- Grass Reporter will in no wise interfere with the duties of his profession. j BRUNSWICK So FLORIDA RAILROAD. We devote mneh of our space this week to the Report rtf the Committee from Bruns wick on the condition of the Brunswick &. Florida Railroad Company. We trust that our readers in Southern Georgia will exam ine this document carefully, and then decide upon the course they think best to adopt to wards this Company. The first point which attracts our Atten tion in it, is the utter inability of the Compa ny tq do any tiling, as admitted by the answer of Mr. Wheeler to the questions of the Com mittee. They have the Road graded and the cross-ties furnished to Big Creek, and yet cannot obtain the iron to lay tliejrack, and cannot give an opinion as to the length of time it will so remain, or determine what pro vision they can make for paying the floating debt of tli” o'oup gn y The Committee then suggest, that upon the retiring of the bonds into stock, arranging the floating debt, and giving a President, and three Directors t> [ Georgia., they believe the iron can he procur ed for die Road to Big Breck. We are not j informed how this result was to follow such action, or in what way the iron is to be pro cured. • At all events it does not seem that the Company have yet complied fully with the terriis, lind wo have heard nothing of any purchase of-iron by any parties. A portion-©? fire bonds have been converted In to stock, but there seems, to be $50,000 of them in the bands of Dr. Collins, and others , in the hands of other parties, which have not been, and-we have no assurance that they have agreed to pursue this course. ‘ Neither lias any provision been made yet for the float ing debt of the Company, and, indeed, it : seems difficult to ascertain its amount. As to the Georgia Directors, we caiinot see that the change amounts to much. Messrs. King and Wright, the new Directors, arc gentle men of character, jfnd may probably, for the sake of their character, endeavor to keep i the affairs of the Company in order as far as they can, but.this concession does not by any means give us a Georgia Board. Ibe char ter authorizes the election of seven Directors, and tbc Company have'"eight, four of whom arc pel influent residents of New lurk, three of them, Georgians, and the fourth, Mr. \\ hee ler, a New Yorker, but about to remove to Georgia. Taking Mr. Wheeler ns a Georgi an, which many will not eonced# him to be, the Board here cannot control -matters,’ aiul cannot get along without the consent of at least one Wall Street Director, and this is far .from making it iwv a brorgia enterpriser This change is far ftom satisfactory, and has given no inc rease of confidence in the Com pany in ibis section'. The Committee then go into an investiga tion of the finances of the Company, which seems toriiavc been a “ tough job,” requiring “an arduous and laborious’’ session of six wefiks,” to make out the meagre statement furnished, and. we fe;ir it will require a. longer labor for us to understand it. , We had hoped to have seen a list of. the stockholders in the Company, so as to have seen what was the prospect for raising money by an assessment on the stock, the only legi * -e # # tiniate course for so doing ; but in this we have bi*en “disappointed. It is stated that 12,100 shares of the stock were subscribed “for in 1853, and Certificate book she ws that 10 percent was paid.thereon—but we do not know when, how, or by whom. We wish the Committee had inquired a little far ther and given us the facts fully in reference to this, as we have strong reasons to belie ve that this certificate book docs not tell the truth. It seems, too. tjha.t there are notes of the Corfipany outstanding to the amount of $12,000, which do not appear on the books, and which were not applied to the use of the Company. -They do not tell us to whose use they were applied, or how'such a false issue came to be made, and from tlieir statement „tliis looks very much like “ Sclitiylerism ” ori a small scale. It seems, too, that ot the old issue of. Sterling bonds there, are over $400,- 000, in the hands of othe.r parties, ‘ which, however,were’not so placed for tlie use of the Company.” Truly a nico little stun some body lias been using for bis own benefit, and we wish the Committee had told us who it was. They pass the ffiatter over very mildly but if this were really a “ Georgia Compa ny,” such a statement would probably raiso something of a row. Our. wire-grass people would think this looked very much like steal ing. on[a good large scale, but we suppose such a word is not used on Wall Street. Our Georgia Legislature lias been simple enough to make such appropriations of other people’* fpnds a Penitentiary offence, and it is fortun ate for somebody that this tiling wns not done In our -old fashioned State. They ‘arc “ assur ed, however, that Hiese bonds and notes will be returned to the Company in a very short time,” and we strppo&B it is light to rely upon promises of those who have taken them, bttt somehow their pledges do not go down well in the “ wire-grass.” In the article, of “ cash,” the Company •hew a balance in band of 819.48. This is a promising sum to begin with, to pay off old debts and buy iron. But we cannot now go farther into the details of the and deem it entirely unnecessary. The whole document shews the utter inability of the Company, to pay any of its existing indebt edness, and no prospect of money or credit with which to move a step with their work. Under such circumstances, it strikes ut as very strange, that they should continue to re fuse the bcuefit of the StateTaid, when there is no hope of aid elsewhere. This is the on ly hope for Brunswick or its Railroad, and that is fast passing away. If it bo not done, the prospects of Brunswick, arc indeed gloo my. The Savannah Road will soon be so far advanced-as to carry all the cotton away from Brunswick, aud leave not enough bui ness tor the Btunswick Road to pay the ex penses of running it. The refusal of the Company, backed as it is Supposed to be by the influence of the people of Brunswick, will create a feeling that will go far to prevent aid to the Macou nnd Brunswick Road, if, in deed, the present crisis in money matter* ha* not aheady settled that question. The U. S. Government will find it useless to carry on their Naval Depot, if they can have no con nection with the interior, and thus Brunswick will be thrown back to disposition she occu pied ten years ago, We should regret this deeply. We should he rejoiced to see her beaiftjful lots covered with fine buildings, and her bay filled with sails and steamers, buLour only bnpe of this is in the Atlantic St Gulf Railroad, and if the present opportunity be allowed to pass, we fear it is gone forever. A heavy responsibility must rest some where, for depriving the people of Southern Georgia of the liberal grant of a million of * dollars by tbc Stato, and a strict.account will 1 be required of all who have had any part ip j this refusal. H r are made the victim*--f\ j the dissensions and differences between Sa vannah and Brunswick: and but f<m Wf could have had a Railroad to this place now, while tlieir disagreement renders it doubtful I if we ever obtain one. ,We have reason to ] believe that another opportunity will be of fered for a settlement on fair terms ta all par ties, and the party refusing them will deserva and receive the execrations of a justly indig nant people. We speak not in menace, but in plain and truthful words, and. we trust we shall have no need of examining mere fully hciefter and shewing tipou whom-tbe blame should rest. EDITORIAL CORRESPONDENCE 1 r “ Maui in, Oct. 10th, 1857. Dear Doctor,— Soon after shaking your friendly hand, I took my scat* in the Stage and left the goodly town of Thomaiivilla, on ; route for this place. We had six passenger* aboard, just enough to keep the, coach *tady, and got along pleasantly to Young’s, where at ten o'clock l*. JI- wo did justice to a most | excellent supper. In a few minutes after, we lighted a cigar, took our. sc at, and under the guidance of Butterfield resumed, our jour ncv. The. clouds rolled heavily from the East, and we were somewhat uneasy about a storm,'bat the considerate winds after ei i pending-a fa weighs hud moans among tire ‘tall, stately pines, would lull again to rest. Bye and bye the drowsy God paid us a visit, and we were about yielding to his soft influences, whoa a bump, bump, thump,” would occur, and away would go our bat nnd i nap together. Notwithstanding tho eloquent ; eulogy pronounced by Major Joseph Jones | upon stage ewaidi travelling, -eonfas* that 1 We do tint like it, and if it were not for tho , sake of ridmg, we would prefer to walk. There is but one mode of journeying that Iwe like less, and-that is by sea. If your j boat should happen to blow up, or sink, th* water is so soft, and dark, and deep, and even if there should he any possibility of g£tt ng to land.,there arc so many chances that something might catch you by tho leg—l ah —I prefer tluT stage-coach. Amid broken “haps, and unfinished dreams, however, thanks to Butterfield nnd Oliver, we arrived at Albany about sunrise the nsxt morning. We stopped at Byingtons Hotel, perform ed the usual ablutions, followed the illustri ,ous example of the sixteen Arkansas mea who on a certain occasion “stepped up and said they'd take sugar in them,'’ and fait [ considerably refreshed. After breakfast, I with some agreeable addition to our compa ny 1 , we set out by the terminus of the Rail road. After this, not much is remembered, far I coiled myself up on a bench and .went to sleep, which very pleasant arid profitable “invention” I took tho bonefit of until I reached this place. Last night I took a good ( oybter supper, and n comfortable night's rest, which brings mo up to date. I have not seen, but have heard of an ar i tide in the Southern Recorder which gives ! an account of Hill and Bartow iu Troupvifle. and at the same time makes particular men tion of myself, with many-expressions in r#- gqrd to the “ ermine” “ official robes” dtc* Ac. No# who can this be in Lowndes, who is so exercised in regard to tho “ ermine” and “judicial robes ?” I wonder if it is not soro*_ little Know-Nothing lawyer who would like to feel their weight on Ins own shoulder*, and be for the nonce the peculiar custodian of tlieir pnrity! Wait a little while, my friend, and they will be laid aside, and then you cam take yonr chance both to wear and to guard them, n Within much less than fifty years, I knew a gentleman, who was not only Judge of the Superior Court and Editor of a political newspaper, but was also a preacher and po litical stump-speaker, and yet nobody, evet, to my knowledge spoke of his descending id-