Newspaper Page Text
OLD SEiUES, VOL. LXXVI.
(Chronicle & J>entinel.
AUGDMTA, <;A :
hKßgMiii iwtiiiifc i tv i't.
Will Armed— Goj a Joe Brows
Pike. —The Charleston Courier is the re
cipient of a specimen of Joe Brown's
Bikes, wLUich is n owa part of the defences
of the Courier office. They are horrid
ugly things, designed for the last ditch
which Gov. Scot*, is to occupy, ‘’may he.
If the Carolina Governor's “rtelish conics
this way. ire will “pike cm ’ or "hook
’em/ secundan orient according to
"Brown’s actici” and “Scott’s matosu
vres.” Ilook by the right flank! Hook
by the left flank ! Centre, Pike! !
Close of the Episcopal CONVEN
TION.—The close of the Episcopal Conven
tion, which has been in session ip our city
during the past week, was tnarkod by cer
emonies peculiarly solemn ami impressive.
The morning service was read by Ilev.
Robert Elliott, eon of the revered and
lamented Bishop E liotf, other dignitaries
of the Church, unknown to the Reporter,
assisting. Upon the conclusion of the
morning services Bishop Beckwith deliv
ered, although evidently suffering from
some acute attack, a most masterly dis
course, from Ist Corinthians, ii chap., 14
verso: “But the natural man reecivcth
not the things of the spirit of God; for
they are foolishness unto him ; neither
can lie know them because they are
spiritually discerned.” Almost in the very
ou'set of his discourse the Bishop acknowl
edged that the thread of his discourse pro
ceeded from the thoughts of another—
Coleridge—as to the nature and progressive
character of the faculty of faith. But it was
quite evident that the acknowledgment
should have been restricted to mere sugges
tion, us the learned and eloquent divine mere
ly took the thread where it had been drop
ped, by that profound thinker, and contin
ued it by argument lull of eloquence,with an
exposition so clear and lucid, and so impres
sive, as to make himself understood and
felt by the commonest understanding
among his congregation, and by tho most
obtuse among his listeners.
Tho Church was crowded to its utmost
capacity, benches having been provided
along the aisles, which, as well as the reg
ular pews, were densely packed, while the
doorways and vestibules were thronged.
After ilie delivery of the discourse the
rite of confirmation was administered to
fifteen candidates, most of whom were
adults.
Ten were confirmed at the Church of thq
Atonement in the evening, making twonfcy
fivo altogether, added to this Church on
this occasion.
Additional about the Filibusters.
We learn Irom the Bavannuh Republican,
that there is a strong probability that the
expedition which has for some time past
been lilting out in South Florida, hassadod
for its destination. By reference to our
telegraphic news of yesterday morning the
key is furnished to much which has been
so teuae ously withheld from the public
upon the subjoct. At last we believe that
the lillibustcrs are off from this section of
our coast. Others will undoubtedly follow
in their wake as soon as the necessary prep
arations can be made to enable them to
go fully prepared.
The agents of tho Junta in tho South
exercise great vigilance, although it is
highly questionable whether the Govern
ment is not fully informed by this time of
their doings in this city. They have no
difficulty wliatcvor in obtaining men, who
arc plentiful enough, but they desire none
but those who have handled a musket or
served in the late war. They have no use
for raw becauso they will neod
drilling. Men who can pitch into a fight,
veterans especially, who can stand fire, are
taken at onco. Quietly material is bought
up ami stored, ready for shipment by rail
road, steamship or sailing vessel, to desig
nated points. To ascertain how this is
done would require crates of vegetables,
etc., to be overhauled, involving much ex
penditure of labor.
In this city the feeling in favor of the
Cubans in their i Guggle is deep-seated and
sincere, and extends from tho driver of a
dray to tho merchant in his counting room.
We shall look soon for tho New Orleans
boys to show their hand, and unless their
undertaking miscarries, they will be the
most formidably organized body which has
yet started. Those who suppose that
there is no fire in this prnoko which is
slowly curling up at different points on the
horizon will be sadly mistaken erelong.
Death of an Eminent Catholic
Priest. —Tho Very Rev. J. M. Lancaster,
the administrator of tho diooeso ot Coving
ton; Kentucky, died in that city on the 3d
instant, after a lingering illness. He was a
fellow student of Archbishop Spalding, of
Baltimore, in tho College of the Propa
ganda, and for thirty-five years has beeu a
zealous missionary in Kentuey.
Augusta Factory' and Granitevilt.e
Goods have again been reduced in price.
We now quote 3-4 shirting 10} cents, 7 8
shirting 13 cents, 4 4 sheeting 14} cents
aud drills at 15 cents.
Macon and Augusta Uaii.road. —
In the annual repot ts of the Goorgia Rail'
road wc find the tallowing statement of the
Macon and Augusta Railroad, now being
operated by the Georgia Railroad, with
which it connects at Warrentoc :
EARNINGS.
From Freight $29,302 02
*' Passengers 15,821 50
$45,125 52
EX PUSSES.
Ordinary $39,803 85
News Depots 7,418 62
$47,282 47
By reference to the Superintendent’s
report, Colonel Cole (the only one we
have read), it will be seen that he looks for
increased receipts upon completion, and
intimates that the extension, or rather
completion, of the road from Milledgeville
to Macon will largely increase the income
of this road.
Rumored Resignation.—lt was rumor
ed on the streets yesterday that Belcher,
the no o Assessor of Internal Revenue for
this u.. fhird Georgia) District, had ten
der, and 1.1. resignation to 4he Revenue au
thor!-i -in Washington City.
Railroad Bridge over the Cape
Fear.—l'he two splendid iron Railroad
bridges,vu ’ Cape Fear at Wilming
ton, North Carolina, ap,-roach completion.
It i. couS.i, st y - xpected that they will bo
turned over by the contractors on the first
of July next, after which time there will
bo no change of cars cr baggage on the
route.
Tnu Sale of the Wilmington and
Mas. hester Railroad. —The sale of the
W ilmington and Manchester ltailroad is to
take place on the 23d June next. The
stock in this road lias been for some time
past selling for five cents on the dol
lar. This road is now under lease to
the bondholders for ninety-nine years. It
is understood that the sale is merely to
effect anew organization, and to perfect
titles, as the bondholders now own a large
majority of the stock. The chief owners
of the bonds, it la said, are Messrs. Gar
rett, J. Edgar Thompson, Hinkley and
others, who now control the \V ilmington
& Weldon and connecting lines to Balti
more and Philadelphia. The parties who
will come into full possession have ample
means to make the road first class in eve
ry particular- We look for its extension
y Augusta at no distant day.
Bullock’s Vaulting Ambition.
The Nashville Union <fc American says
that “there is a strong probability that
Bullock, who seeks renomination as the
Radical candidate for re-olection a3 Gov
ernor of Geo rgia, will he thrown overboard.
It is reported that instructions have been
sent out from Radical Senators in Wash
ington to discard him, because he procured
the rejection of the Fifteenth Amendment
by Republic tn votes. His aim was to cre
ate the impression by this action that the
State deair ;d to be totally reconstructed
over again, bat he overleaped himself.”
The truth is that the Radical leaders at
Washington have found outßhat “Bul
lock” is too much for them to carry, espe
cially since the moderate Republicans have
dressed him out in the “Angier” shirt.
For Bullock to run as Governor with such
a shirt on would he the veriest farce ever
enacted on the political boards. We would
wager a little he will never run again—ex-
cept it be to Albion or Salt Lake City.
T. C. I. 0.
The moaning of these cabalistic letters
has defied the efforts of those skilled in
cypher-writing. TheNashvile Union con
fe ses its ignorance, but suggests Tycoon of
Imperial o,'der. A subscriber to the Im
perialist in this section suggests that it
may mean Third Count of the Imperial
Order. A suggestion from such a quarter
almost cquuls a positive affirmation.
A Note for Summer Travellers.
The Philadelphia Press says that at the
North “sonsiblc people have found out
that, at four dollars and a half a day, with
everything extra, it costs less to spend the
Hummer in Europe, ocean trip and all,
than et an American watering-place. The
glory of the pasteboard palaces for this
reason is already on the decline, and right
ly so. The charges at these places have
reached the point of extortion, and the
wro ig is about to be righted, as all wrongs
in this counl ry, by the voluntary action of
the people,which, in this case, takes shape
in lett'ng >;he fleecing hotels severely
alone. Bot'reen the economy of Europe
for wealthy people of culture ami the at
tractions of r,he enormous West, which the
Pacific Railway has just opened up for
men of business, the seaside resorts wiil be
left to the flimsiest and newest of the vul
gar fashionables. The chaage is a good
one for tho tone of American society.”
Southerners before the war spent nearly
their net incomes for the year in support
ing ‘‘the glory of pasteboard palaces” at
these Northern places “of extortion and
wrong.” At least twenty millions annually
was dispensed with a liberality that knew
no economy or stint in the maintenance of
pasteboard glory and at least as much more
in getting up suitable outfits, according to
the latest styles as proscribed as respect
able, by modistes and man milliners. To
arrange that the Summer season should be
“delightfully enjoyed” and divided be
tween fashionable seaside resorts and
fashionable watering places, such as Cape
May, Absecum, Long Branch or Newport
and Saratoga, West Point and Niagara, or
other points of lesser note, occupied the
t hought of a Winter, and was preferred to
anxious papa and mama as the acme of hu
man happiness, to which indulgent papa and
mama lent no unwilling ear. We regret to
notice a disposition to return to old ex
pensive and extravagant customs. Per
haps our Southern “Rebels” will heed the
good Republican authority we have quoted,
that “these places will be left to the flim
siest and newest of tho vulgar fashiona
bles,” and either stay quietly at home or
patronise their own watering places, be
causo “the change is a good one for the
tone of American society.”
Immigration to the South.
Ail indications point to the fact that the
tide of emigration Southward has set in
aud that before the olose of the coming
year we may look for a volume least an
ticipated by our citizens.
In our own State our Railroad companies
led off by offering inducements as to low
fares both for excursionists aud actual set
tlers. A few Northern Radicals, promi
nent among whom was John W. Forney,
of “my two papors, both daily,’’ while
publishing horrible “Ku-klux outrages”
“pitched in” aud secured a large amount |
of valuable property which they have di- !
vided out “for a consideration” among
their Northern friends, occasionally
“among” staunch Democrats like Asa
Packer.
Our Legislature, ignoring Northern cmi- |
gration, have looked entirely to Europe,
and have organized a Bureau for this pur- j
pose. This action has met with an unob
trusive but active sympathy among natur
alized Southerners. The Irish have been
active and our city already l’eels tho effect j
of their strong arms, although their opera- i
tions have been rather by individual than by .
combined influence; and wo arc assured that :
prominent Germans, those who Rave lived
amongst us and appreciate the advantages
of our soil and climate and the character
istics of our people, have seriously taken |
hold of this matter with the design aud |
intent to make their efforts effective aud j
successful.
In the meanwhile the self-reliant
Americans of the North, the East and the
West, have quietly inaugurated a move
ment full of their characteristic energy,
which promises a migration, which will
till up this section speedily with stalwart
I farmers. As proof of this, our columns
which have been heretofore laden with ad
vertisements of plantations for sale,arc now
i bare, and the other hand advertisements
j in the Chronicle <C- Sentinel for “places
| wanted appear." Just around us plantations
have been bought up by parties from New
York. New Hampshire, Connecticut, New
[ Jersey and Pennsylvania. In every ins
i stance whieh has come under our notice,
; large tracts have been purchased with the
avowed policy of subdivision for tho bene
fit of other parties, who are preparing to
move, and expect during the coming fall
to occupy the new purchases. From all
| sections we hear of numbers who arc be
ing attracted to our beautiful country, and,
i strange to say, that we are visited by
parties from Chicago, aud the fertile
banks of the Ohio, who, induced solely in
the first instance by curiosity, are now
looking to an exchange of their own resi
dences in their splendid country of the
West, for the sunny South.
There is every prospect that the tide las ;
now been turned. The great far \\ est has
been reached. All the gilded stories of
fabuk-us fertility and prospective glittering
wealth,are now subject to the severe analysts
of personal inspection in traversing the
treeless wastes cat by the fradulcnt Pacific
Railroad.
We have now no fears for our future.
The next year will open anew era to us of
progress and prosperity. Our lands will
no longer be idle aud waste, but will blos
som with increased and improved tillage,
giving us abundance, and the laborer a
profit and the world a surplus, whieh we
only.who have learned its true value in the
lessons of war, can estimate.
We are glad to look upon this prospect.
It will eradicate many false ideas current
among our people. It will make us sell
supporting and self-reliant. We will no
longer look Northward for our supplies, for
rules in fashion—for dependence in enter
prise and progress in development. \Y e
will look no longer to the North tor the
law of industries, but wid create en
force such Lws as arc suited to
j our climate and locality and sectional
i wants. This will stimulate industrial
enterprise. It will promote the speedy
1 and thorough physical development
j of the great resources of our land, and
effectually complete the labor transition cou-
sequent upon emancipation, and free us
from a serfdom in which, for so long a time,
we supported the Government and added
untold wealth to the coffers of Northern
Radicals and fanatics.
Business and Expenses of Georgia Rail
road.
From a tabular statement of the Georgia
Railroad showing the business and ex
penses from its opening to April Ist, 1869,
we gather the following facts :
Receipts—passengers, 1869, $321,789,
which, as compared with those of 1868,
shows a gain of $33,424; but as compared
with those of 1861, a loss of $22,071, and
of 1860 $90.518; showing a marked re
covery cf its ante-bellum prosperity.
The receipts from freights, &e., to April
Ist,lß69,were $782,732, which, ascompared
with 1808, shows a gain ol $67,374; as
compared with 1861, a gain of $182,732;
ascompared with 1860, a gain of $35,852.
The expenses for 1869 were $575,458,
which, as compared with 1868, is an in
crease cf $63,624; as compared with 1861,
is a decrease of $128,293: as compared
with 1860, a decrease of $55,686.
The number of bales of cotton transport
ed in 1869 was 104,373; in 1868 112,708; in
1 SOI 155,709; in 1860. 544,363.
The number of bushels of grain carried
in 1869 was 1,407,326; in 1868, 665,662;
1861, 209,497; in 1860, 353,241.
The number of barrels of flour trans
ported in 1809 was 12,530; in ISOS* 14.059;
in 1869, 9,967; in 1860, 43,989.
Con veil lion of Corporators and Hub
scribers to the Augusta and Hartwell
Railroad Compiuy.
Toe Convention of corporators and sub
scribers to the Augusta & Hartwell Rail
road Company was held Tuesday at the
Long Room of the Augusta Club.
Hon. Eli Lockhart, of Lincoln, was call
ed to the Chair, and James A. Gray, of
Augusta, requested to act as Secretary.
Dr. R. L. Casey, ol Columbia, road the
certified copy of the charter passed by the
General Assembly of the State of Geor
gia, which, on motion of John Thompson,
of Elbert county, was accepted.
On motion of J. P. Williams the cor”
porators named in tho charter were de
clared Provisional Directors for the year
1869, with full authority to carry out the
views of stockholders, receive subscriptions,
have the several lines surveyed and do all
and singular to push forward the work in
accordance with the provisions of tho
charter. •
Dr. Casey offered an amendD'ent that
Hon. H. F. Russell, Hon. R. 11. May,
Hon. James T. Gardiner and James A.
Gray, Esq., of Augusta, bo added to the
Provisional Board of Directors and Cor
porators, under the authority granted by
tho charter.
The amendment was accepted and the
resolution passed unanimously.
On motion of Mr. P. A. Maddox, Dr.
L. Casey, J. P. Williams and James A.
Gray were appointed a Committee to draft
by-laws for the government of the cor
poration. Passed nem con.
Convention then'adjourned to 4 o'clock.
AFTERNOON session.
Convention met pursuant to adjourn
ment, Hon. Eli Lockhart in the chair.
On motion, it was resolved to go into an
election of officers of the Company, and
the following ticket was declared duly
elected:
Rosser L. Casey, President.
11. F. Russell, Vice President.
James A. Gray, Secretary and Treasurer.
The President, upon taking his seat,
announced that the Provisional Direction
of the Augusta & Hartwell Road was now
fully organized.
Mr. Tutt inquired if it was now in order
to move that books of subscriptions he
opened. Upon an affirmative answer, he
moved that the President and Secretary
he instructed to prepare books of sub
scriptions, to bo opened in the city of
Augusta, in tho counties of Columbia,
Lincoln, Elbert and Hart, and that each of
the members of provisional board be au
thorized to receive subscriptions, and to
report the same to the President and Sec
retary.
On motion the Convention adjourned to
meet on second day of July next.
The Georgia Railroad Convention.
—The Annual Convention of the Stock
holders of the Georgia Railroad & Banking
Company was held Tuesday morniug at.
the Masonic Hall in this city.
The Convention was called to order at
twelve o’clock by the President,lion. John
P. King, Dr. J. A. S. Milligan, Secretary.
A resolution inviting delegates present
from other railroads to scat's on the floor
of the Hall, was offered and adopted.
Tho names of the stockholders were
called in alphabetical order. The Chair
appointed Messrs Butler, Davies and
Thomas a committee to examine the stock
in the road represented by proxies.
A stockholder moved that the Conven
tion adjourn until three o’cloik p. m., in
order to give the committee on proxies
time to make their report. Carried.
Before tho adjournment, the President
read from the Chronicle J- Sentinel a
notice of the Strawberry Festival and Con
cert, to be given in the city that night in
aid of the First Baptist Church.
The Convention adjourned until three
o’clock p. m.
AFTERNOON SESSION.
The Convention was called to order at a few
minutes after three o’clock by the Presi
dent, Hon. JobnP. King.
The Committee on proxies reported that
there were represented in the Convention
eleven thousand two hundred and seventy
three shares of stock in person, and twelve
thousand five hundred and fifteen shares
of stock by proxy making a total
of twenty-three thousand seven hundred
aud eighty-eight shares of stock represent
ed. The report was, on motion, re
ceived.
The Secretary read the minutes of the
last annual Convention.
The Convention being declared organ
ized. the President read the reports of the
Superintendent, President, and Directors.
; (See another column of the Chronicle &
Sentinel for substance of these reports.)
Tho reports were, on motion, adopted.
It was ordered that proxies be received ]
to-morrow, which have not been handed ;
Into to-day, and the chairman of that Com- I
mittee be instructed to sit at the table dur- j
nig the balloting to pass upon proxies ,
presented.
Mr. M. A. Cooper offered a resolution
requiring the President and Directors of
the Georgia Railroad Company to furnish
all the assistance in their power to the
Cartersville and VanWert Railroad.
Adopted.
Mr. E. E. Jones presented the report of
the Committee appointed tu consider the
proposition of the Port Royal Railroad
Company, showing the benefits to be ob
tained by its construction, asking the Com
pany to subscribe $300,000 to the road,
offering to repay $30,000 of this money
when the first mile was finished and
#30,000 for each subsequent ten miles.
Mr. Davison opposed any aid being
' granted unless upon a first mortgage. The
report was received and. on motion of
Mr. Davison, laid on the table.
On motion of Mr. B. \Y. Heard the
; Convention adjourned until ten o’clock
j next morning.
j The Blue Ridge Railroad.— Gov.
j Scott, of South Carolina, accompanied by
an influential delegation from South Caro
lina, North Carolina, Tennessee and Ken
tucky, are now in Cincinnati, conferring
with the authorities of that city, Chamber
; of Commerce and Board of Trade, about
the ’ great Southern Railroad.” Since the
■ power granted by the Legislature of Ohio
to raise ten millions of dollars for the con
struction of this Road with necessary
branches. this, as we learn from our ex
-1 changes, is the ruliug topic.
(communicated ) >
Macon Road.
MILLEDGEYILLE, May Bth. 1569.
Editors Chronicle & Sentinel •
We are glad to see that you Augusta
people and your corporation has taken
hoidoTthe Macon Road affairs. It is
just what is needed. The general impres
sion is that we are all to be sell out : that
Bullock had mortgaged the road to New
York brokers, paying twenty five per cent.
Der annum for money, and thatthe Georgia
Road is to have the balance. We want
the road completed and a Board that will
not refuse the stockholders a free ride to a
Convention of Stockholders after pocketing
all the money they can raise and our stick
also. J.
[communicated.
The Macon and Augusta Railroad.
Messrs. Editors : I wa3 glad to see that
somebody in your city has pluck enough to
come out openly and boldly in favor of the
completion of this road and of giving the
stockholders, who have put their money in
this road, some chance to get something
for it. The truth is, the country stock
holders will sustain the action of tho City
Council to a man. What we want is, first,
that the interest of the company shall be
put in the hands of persons in whom we
have some confidence. It was understood
that when the Scalawag Bullock was put
in this office that Hazelhurst was to be
the President. This appeared to be satis
factory to ail parties. The Georgia Bail
road Committee said this suited them, but
we were cheated, and, instead of Hazel
hurst, we got Bullock. .Now we sec we
are all to be sued. I, for one, do not rec
ognize the legality ol(she present Board of
Directors. Let your City Council go on
and call a meeting of the stockholders.
Augusta controls the stock, and if she
will continue in the independent
course it will not only restore
confidence, but we can put this road
through and make it pay, for it never will
pay so long as it stands unfinished and the
Georgia Railroad works it for what it can.
get out of it. Then there will be no uecesv
sity for suits. I am one of the original sub
scribers, subscribing to Henry Moore,'
when as first President he came through
our county. I will pay no more until wee
get something else than manipu ations and
juggling?, which, I am sorry to say, hals
always been through the corporation of
Augusta. Now I have some kiope, and I
am sure every one else will have if your
City Council will tome out fairly and
squarely, as it looks like they are about to
do. Hancock.
M liilher Drifting ?
TRe New York Joumalof Commerce is
thoughtful and fearful of the changes
through which the country is passing.
Radical hate of the South, Radical tyran
ny, and Radical dishonesty are the causes.
The Journal of Commerce says:
“A wise, and great, and good man, now
gone to his reward, once declared in our
hearing thatthe great strength of our form
of government lay in the fact that it was
the nearly unanimous choice of the people;
so much so that it by any sudden convul
sion the machinery should be disarranged,
the people in convention assembled would
re-establish it precisely upon the original
model. Can this be said of the govern
ment of to-day ? Does any thoughtful man
believe that a convention of delegates elect
ed for that purpose would reproduce as
their choice the present Constitution
adorned anew with the patches recently
added, and including also those now pre
pared for application ? ’Arewe not drift
ing somewhat ho -dlessly into organic
changes, the real meaning and effect of
which the nation is yet to realize to its
sorrow ?
AN ACT
To Incorporate the Augusta & Hartwell
Railroad Company.
Suction 1 Be it enacted , That H. It.
Casey, J. P. Williams, S. A. Hibson and
Marion Daniel of Columbia County, and
Eli Lockhart, C. E. Ramsey and Dr. John
Wilkes of Lincoln County, E. It. Dead
wiler, W. 11. Mattox and O. Tate of Elbert
County, J. B. Benson, J. L. Johnson and
J. A. Bowers of Hart County, Sam’i Ivnox,
Thomas Morris and Obediah Dean of
Franklin County, and such others as shall
associate with them under said name,
shall be, and are hereby incorporated and
made a body politic with all the rights and
privileges common and necessary to such
a corporation under the name and style of
the Augusta & Hartwell Railroad Com
pany.
Sec. 2. That said Company be authoriz
ed to build a Wooden or Iron Railroad
from Augusta, in the County of Richmond,
Georgia, passing through the counties of
Columbia, Lincoln and Elbert, to Hart
well, in Hart County, Georgia, and said
Company shall have the light to charge
upon every mile when completed such
amounts for freights and passengers as
may bedeemed expedient, that the amount
of freight so charged shall not exceed one
cent, per one hundred pounds per mile,
ana the fare of passengers shall not exceed
six cents per mile, and for procuring stock
in the same to open books and procure
subscription of stock at the rate of one
hundred dollars per share, at such time
and places as may be deemed proper, and
to elect a President and Vice-President,
Directors and Agents, to borrow money,
make contracts and to hold real and per
sonal estate, to and for tho use of said
Railroad.
Sec- 3. Be it further enacted, That in all
cases where a question of right of way
may arise, and the parties being unable to
agree, the Sheriffof the County in which
the land is situated shall summons a jury
of twelve freo-holders of the county, who
shall assess the damages to be paid by said
Company for running said Road through
the land of any citizen, saving to either
party tho right to appeal to the Superior
Court.and in all such cases such jury shall
in addition to the usual oath, be severally
sworn in assessing damages to take into
tho account the enhanced yalue of the
land from the building of the road passing
through said land : Provided, That in no
case shall the right of way embrace more
than one hundred feet in width on each
side of said Road.
" Sec. 4. That the corporation herein
named shall be ex-officio Directors for
said Road for the year 1869, and until new
Iti rectors are elected.
Sec. 5. That said corporators shall have
full power to pass by all laws and regula
tions necessary to carry out the object of
their corporation, not inconsistent wit/. the
laws of the State of Georgia and the United
States.
Sec. 6. Be it further enacted, That the
stock of the said Augusta* Hartwell Rail
road Company be exempt from taxation
until said road is completed.
Sec. 7. Be it further enacted. That all
laws militating against this act, be aud the
same are hereby repealed.
Benjamin Conley,
President of the -Sena te.
A. E, Marshall,
Secretary of the Senate.
It. L. McWhorter,
Speaker of the House of Representatives.
M. A. Hardin.
Clerk of the House of Representatives.
Approved March 19th, 1569.
RUFUS B. BULLOCK,
Governor.
Office Secretary of State, Georgia, 1
Atlanta, April 14 th, 1869. j
The foregoing live pages contain a true
and correct copy of the original act in this
office.
Given under my hand and seal of office.
[L. S.] DAVID G. COTTIN'G,
Secretary of State.
International Affairs.
Instructions to Minister Motley—American
_ Relations with Mexico — Washburne s
Paraguayan Trouble.
New Y'ork, May s.—lt is stated that
Minister Motley's written instructions are
being prepared at the State Department,
although he will be allowed large discretion
in all matters that may come before him.
Instructions relative to the Alabama
claims, it is known, are based on Senator
Sumner s speech, which seems to have
been male our ultimatum. Mr. Motley
is directed to be in no burry, but await a
favorable opportunity for opening negotia
tions on the subject.
The Government has given Minister
Rosecrans’ messenger, Dr. Brink, no en
couragement whatever, it has been ascer
tained from authoritative sources that the
Juarez Government does not countenance
a proposition relative to the sale of Mexi
can territory to the United States.
A long letter appears from Minister
Washburne and Mr. Webb, reaffirming
the former’s statements relative to the
treachery and murderous ferocity of Lopez
in Paraguay. Mr. Washburne says since
the great battle, that took place soon after
McMahon entered the camp of Lopez,
nothing has been heard of McMahon.
Three months have passed, and not a word
from him has been received by his friends,
and they fear he too is deprived of his liber
ty. They have good reason for their fears, for
if Lopez finds he cannot make him useful,
or should from any reasons sospeet
him as he has suspected everybody else,
he will shoot him with as little compunc
tion as he tortured and shot his brothers
and sisters and his Cabinet Minister.
London, May 5. —The Times this morn
ing has another article on the Alabama
treaty, saying the question is one of law,
not of feeling. It remains to be shown
that Great Britain can be held answera
ble for any infraction of law, or excess over
the ordinary practices of both countries.
Thos. Lefroy, late Chief Justice of Ire
land, died yesterday, age 93,
AUGUSTA, GA., WEDNESDAY MORNING, MAY 19, 1869
LATEST WASHINGTON NEWS AND BDSSIP.
startling revelations—the empiue.
From the Baltimore Gazette.
Washington, May 7, 1869.— The policy
of this Government respecting Cuba may
he summed up in a few words. Organiza
tions for filibustering purposes will be en
couraged. No word of Executive disap
probation will be expressed against open
assemblies for the furtherance of the so
called insurrection. The seat of the United
States Government is permitted to be used
as the headquarters—in fact, the Capita!
of the new Cuban republic. Its very Con
stitution has been framed here, and sub
stantially adopted by the accredited or un
accredited representatives of the Cuban
patriots. But, to save appearances, ves
sels with arms, provisions and men, des
tined to aid the insurrectionists, will bo re
quired to clear from hence i'or neutral
ports. This is the dodg-c. Why not nro
cee 1 upon above-board principles ? Geo-
Francis Train is after Grant upon this
point with an Irish cudgel. The gist of
his proclamation is, “What is sauce for the
goose is sauce for the gander.”
Up to this moment the Administration
has not decided upon the exact terms ot
the provisions of the new Constitution of
Virginia. It is understood that the mili
tary satrap there is authorized to name the
day upon which the people of that Com
monwealth will ho authorized to hold a
Pickwickian election. All the candidates
yet named are avowed Radicals. Even the
Conservative oamlk&to for Governed is a
professed Grant Republican!
Mr. Sumner and a few other Radical
Senators are yet at the National Capital,
supervising appointments, and attending
to our foreign relations generally. I learn
that in response to a moving appeal irom
his old friend Hale, ho insists that the
Spanish Mission shall ho kept in abeyance
until the defence of his friend can be re
ceived. This has created quite a bl ow-up
between him and Sickles.
This Senator has not been quite sosuc
cessful in compelling Grant to appoint a
negro postmaster at Savannah. The dif
ficulty, however, by no means grows out of
any disrepect, for “race or color” on the
part ol the Fresident. In short, a white
man wants the place, it is lucrative
$4,000 a year. He is a brother-in-law of a
late member of Congress, of the carpet-bag
stripe, and comes recommended by a bevy
of that tribe. That’s all. Cresweli was
used as a cat’s-paw by Sumner and Wilson
in this negro business, but succumbed at
the first word from his superior. By tho
way, this mao is fast losing his influence
with the Presidert. He has b.en snubbed
several times lately.
Very late dispatches, received in this
city by the Government, leave no room to
doubt an imminent and wide-spread revo
lution in Mexico. There is no reason to
believe that our Government has any policy
in view of anarchy there. Our foreign
relations are in such critical condition ail
around, and tho members of the Cabinet
so much at variance that it is not likely
that the President will call Congress
together by the Ist of August.
The organizations known as the “Loyal
Uniin League,” the “Grand Army of the
Republic,” and the “Soilders and Sailors’
Union,” are recognized here to vital and
progressive bodies. A delegation of one
or more of these infernal conspiracies, un
der the lead ofGovernor Geary, of Penn
sylvania, has lately waited upon General
Grant, and was “cordially received” by
him, according to the official party organ.
These pestiferous combinations have here
tofore been considered as aiming more par
ticularly if not exclusively to control ap
pointments to office. So long as they con
fined themselves to this business no one
saw proper to object. It had long since
been a foregone conclusion that the United
States was to be represented in all its rela
tions by the vilest of its population. But
it seems these organizations are looked to
by the Government as adjuncts and will
ing helpers in more important affairs, and
designed to have direct influcnco in tho
contemplated change in the form of the
Government. They are put to a twofold
use. First, to "show that the country is
and has been for the past eight years prac
tically under their control, and therefore
not governed by officials known to the
Constitution and the laws. No worse state
of things, it is conclusively argued, could
possibly exist. Secondly, they are relied
upon as the physical agency to set afloat a
new imperial government through which
this acknowledged evil might be suppress
ed ! The principle upon which the Im
perialist at New York was founded is fully
comprehended in this simple statement of
facts. By Radical machinations the ne
cessity ol a strong government has been
made apparent; by Radical ambition the
remedy has been thus foreshadowed ! A
slight glance at the columns of the Govern
ment’s New York national organ will suf
ficiently show thedrift of the current along
with which we are gliding to imperialism.
I have already noticed the fact that the
“ Imperialist ” is received at the White
House. I have now to say that the or
ganization of the Cabinet was inspired by
direct reference to combinations having in
view the overthrow of the form of our Re
publican institutions, and with an eye to
the means* as detailed above of accomplish
ing that object. A single fact, perhaps, will
suffice to prove this : It will be recollected
that Mr. Boric (a known life-long mon
archist) was transferred from the Presi
dency of the Philadelphia “Union League”
to the Secretaryship of the Navy. We
have now the high authority of the New
ark Journal, edited by one of the most
distinguished men of New Jersey, to the.
effect that the money of Mr Borie largely
aided in the establishment of the 1 ‘lmperi
alist!" What the present Administration
think of our Constitution, and the manner
proposed of its overthrow, may be inferred
from the language of its new organ, as
follows —I quote from the “ Imperialist :”
“The fact is, that very little is left of
our Constitution. We have so battered it
in the hurly-burly of our national politics
that its own fathers would not recognize it.
Its defenders have defended it almost to
pieces; but there is, nevertheless, a great
deal in it, which may well bear making
over into the sontething new which is to
take its place;, and as for the rest—per
haps Barnum would give something for it;
we would not. In order that America
may be spared the fate of other countries
which have tried the rash experiment of
Republicanism, and escape her impending
doom of anarchy and tyranny, it is neces
sary that those who are sufficiently enlight
ened as to the necessities of the times in
which they live should organize them
selves for ac’ion. That this is to be ac
complished by the existing sssociation we
hope and believe.''
This burg is a mereepp,anagr> of Boston.
We receive all our inspiration from the
“Athens of America.” There is a cotable
jabbing just now about the “Grand Na
tional Peace Jubilee,” to .come off there in
June next. Washington will be a "dese. t
ed village” about those days. It seems
that the party of progressive ideas are
erecting a building of tremendous dimen
sions in Boston—to be plastered all over
on the outside with placards of “Let us
have Peace" —the inside to be partly filled
with twenty thousand children and one
thousand musicians, including fifty horn
blowers. The managers of the concern
have, with remarkable fitness, selected a
name for the enormous building in whieh
they propose to hold theif orgies. It is
called the “Coliseum.” The Roman
structure, after which this is named, was
no temple of “Peace. It was an amphi
theatre, in the arena of which poor de
fenceless animals were thrust, to be de
voured by wild, ferocious beasts, for the
gratification of the morbid appetite of the
public, in which captives in war were
obliged (as gladiators) to amuse the people
by butchering each other, and finally in
which, for the mere pastime of the million
aires. twelve thousand Jews and Christians
(who were forced to build it) were given
over, in a body, to thousands of huDgry
lions and tigers. It is, nevertheless, well
named, for the hypocritical cry of “Let us
have peace’ ’ means, with sueh men, sub
jugation, or butchery. But whose statue
will grace the inside of this modern “Coli
seum?’ —that of Grantor the renowned
President of the “Provident Aid Society?”
who starves poor seamstresses to the tune
of a shilling a day ?
Allow me to make a quotation merely
for the purpose of “pointing a moral."
The Chronicle of this morning says: “Mr.
John Fishback, of Indianapolis, returning
home in bad temper after an unsuccessful
trip to 'Washington for the purpose of get
ting himself appointed po-tmaster of the
first mentioned city, permitted himself to
be run as the Democratic candidate for
Mayor, and in the election on Tuesday was
defeated.” Moral —Let the Democrats be
hereafter very chary of being in a hurry to
reward deserters. They are coming over
in shoals —by the hundreds and thousands,
but let them bx/ce pot-luck! “ Crow.
Chapman, crow 1 ’ The gaffs are all
ready!
Our foreign relations are becoming hour
ly more embarrassing. The Spanish jour
nals defend the capture of the Mary Low
ell. and deny that the English Govern
ment, at the instanceof the United States,
has made any demand on Spain for resti
tution.
Cotton Dying. —Gentlemen from this
and adjoining counties, says the Columbus
Sun. and the immediate neighborhood, re
port that the cotton plant is dying in con
i siderable quantities, especially on the sandy
and grey lands. It is thought in many
I places, as seed arc scarce, that the cotton
| will be plowed up and corn plant ed. The
! fifteen days of rain which wc have had.
and the cold of Sunday, greatly injured
! cotton, and that the damage is being ap
| parent under the influence of warm
weather.
The Prospect
AND THE MANNER OF RETURNING TO SPECIE
PAYMENT.
From the New York Post, April 30 th.
By returning to specie payments, we
mean getting rid of the depreciated cur
rency, and substituting for it a currency
consisting of coin, or paper as good as coin.
Those who do not want to get rid of a bad
currency do not really want to have a good
one. The dollar of trade cannot have two
values:
There are only two ways of getting rid
of our depreciated aud fluctuating dodar;
the one is tho honest way, by giving its
holders aD equivalent for it; the other is
the dishonest way, by letting it sink to
nothing in their hands. Either way taxes
the people the whole amount of the green
backs ; but the first way distributes the
tax among them by law, with some ap
proach to equity; while the second way
not only distributes the tax unjustly and
at haphazard among the holders of the
bills, but, what is worse, it plunders credit
ors generally, by enabling debtors to pay its
debts in worthless legal tender mo imp
The time is approaching when one of
these two ways must be foil awed. The
amount of currency in this country is so
large that gold would bo at a. premium of
not less than one hundiedper cent., if the
amount were allowed to regulate the value,
as it would with a hard money currency ,
and in a normal condition of trade. But
the coin value of a credit currency is in
fluenced by other things; By the confidence
of its holders in its early redemption ; by
the depreciation which gold suffers wheu
the demand for it, as money, is diminish
ed ; and by many temporary causes. Our
greenback dollar, valued in coin, is now
worth sixiy-five cents ; valued, in labor, it is
worth sidy cents; valued in commodities, it
is worth about fifty-three cents; but valued
according to the advance in speculative
property, such as city lots and railroad
stocks, it is worth much less than forty
cents.
In other words, gold is now by far the
cheapest article known to commerce, and,
in the natural course of trade, it would be
exported from the country rapidly, until
it should advance in price, or other things
fall. Nothing has prevented the country
from being drained of gold during the last
four years bat the export of bonds which
are the promise of gold—that is to say, in
stead of paying as we go, we send our
promises to pay, at a herny discount, and
with high interest for the forbearance.
How long can this last ? We have the
highest authority for the estimate that, of
our national bonds, $800,000,000 are al
ready held in JGurope ; and that., after
making due allowance for those held in
trust by the Treasury, as security for de
posits and circulation, for those held for
permanent fnvejtnieht by trustees, execu
tors, public officers and institutions, which
will not sell them) and for those bonds
which arc held by private citizens for the
same purpose, and which will not at any
price edme upon tho market, there are
probably scarcely more than $200,000,000.
of the national debt now available, in the
form of coupon bonds, for speculation and
for export.
If this estimate be correct, it accounts
satisfactorily for the scarcity of bonds in
this market, and for the ease with which
the price of them in currency is raised by
rumors, and by speculative agencies. But
it is evident that the exportation of them
cannot continue long at the present rate.
Having th us but $200,000,000 of bonds
available in any case for export, and uang
aswe do on the average $6,000,000 a weed:,
to pay our debts in Europe, it is plain that
our stock, by which gold is kept depressed
in price, cannot possibly last more than
thirty-three weeks longer ; or, not to rely
on the figures for too much exactness, that
the time will come, witr.in a year, when we
shall have no more bonds to send.
Perhaps the first thing to do is to estab
lish a regular daily clearing of gold checks
at the Clearing House. Each of the as
sociated banks here does two classes of
business; the “currency busines-,” settled
in a few minutes by the exchange of certi
fied checks in the Clearing House, and the
go'.d business, settled by messengers who
run about from bank to bank to collect the
coin, tio long as this is the case, deposit
ors are discouraged from keeping gold ac
counts, because of the extra and irregular
labor they involve. A clearing for gold
cheeks will afford a starting point for a
change in the whole system of business in
this city, and, therefore, in the country,
which must be gradual, hut need not and
ought not to be slow.
When the banks set the example, hv
showing a preference for gold accounts and •
for paper payable iti gold, other great pub
lic institutions will rapidly follow it; and
private citizens, who hold large amounts of
property in the debts of others, will be
quick to see that their only safety lies in
having their debts expressed in dollars of
real value. But a voluntary change by
business men from our present money to
coin, as money of account, is the real and
only solution of the great financial problem
before the country. This would leave the
greenbacks to be withdrawn by the Gov
ernment at its leisure, without embarrass
ment to trade. Any other course will lead
to the withdrawal, or rather annihi ation
of them by a panic, ending in the de
struction of property of innocent men, in
the confiscation of the laboring man’s
savings, and of the support of widows and
orphans, in redistribution of the wealth’ of
the country without any regard to right,
and in seriously impairing that security of
property which is one of the main supports
and benefits of society.
Taxes on Sugar. Tea, and Coffee.
' —ln 1868 there were 30,500,000 pounds of
tea imported into this country. The duty
upon it was about thirty cents a pound,
which would be $10,000,000. In addition
there was a tariff of twenty-five per cent,
in value, which would be equal to $5,000,-
000 more. The total annual-tea duty is
$15,000,000. The taxes upon tea are
more than equal to the cost of it in China,
with the exportation from there added.
When a per-on buys a pound of tea, half
ofthe price goes to the merchant, and half
to the Government.
We imported last year 250,000,000
pounds of coffee. The duty, at 5 cents
per pound, amounted to $12,500,000.
We also imported about, 200,000,000
pounds of sugar in 1868. The duty was 4
cents a pound, and amounted in the aggre
gate to $8,000,000. Thus, upon tea, cof
fee and sugar the people ot the United
States are taxed, through the custom
house alone, $35,000,000. This is equal
to nearly $50,000,000 in greenbacks. If
the Government would abolish the Nation
al Banks, call in their circulation, and is
sue greenbacks in their stead, it would
save more than half this oppressive tax.
Those who are in favor of cheaper tea,
coffee and susar, should insist upon the
abolition of National Banks, aDd the sup
planting of their notes by greenbacks.
Then, with that saving of $35,1X10,900, we
could admit tea. coffee and sugar free of
duty, with but little loss to the revenue. —
Cincinnati Enquirer.
Brutal Treatment of the Insane
in Massachusetts —The Massachusetts
Legislative Committee which is charged
with the invest’gation of the death of
Parks, at the Taunton Lunatic Asylum, l
happened, a few days ago, upon a bit of j
new testimony, of just such a character as
furnishes Charles Keade with the materiel
for ‘‘Hard Cash.” Patrick Milan, of
B.eadvil!e, a former patient at the asylum,
testified that he saw the struggle between ■
Parks and the attendants; three men held
down the victim ; of these three Young i
was kneeling on his breast, choking him
and striking him with his fist; Lampson <
was stamping upon Parks’ breast with his
heel, and kicking him in the side with all
his might, waiting for a chance to hit fair
between the struggles of the victim, who
hallooed as often as there wa3 any breath
in hi3 body. When Parks was completely
exhausted, he was taken to his bedroom,
where the witness heard more violence in
the night. Why didn’t the witness make
public such doings ? He did not dare. He
had known patients to be biaten for mak
ing complaints. One day, keeper Charles
Acorn required witness to bathe, and,
upon his refusing, knocked him down and
kicked him so severely that he was still
lame from the injuries then received. He
had also been kicked and bruised when he
was in a straight jacket. Geo. O. Shat
tuck, counsel for the asylum, cross-examin
ed and bully-ragged the witness, but failed
to discredit his testimony, which was very
clear.
The only surviving son of Robert Burns
is now living in Cheltenham, at the age of
Too Many Irons.
Uncle Sam has a great many irons in
the fire just now, and Ve don’t care how
many get burnt. The New York
Tines says :
‘‘We have just now in the fire the Cana
da iron, the Cuban iron, the Mexican iron,
the West India iron—not to speak of
several domestic irons, such as the nation
al debt iron, the reconstruction iron, the
internal improvement iron, the Plains-
Indians iron, and many more irons, which
lie altogether in the fire, and beg in vain
for the forge. Or, to take the French
figure again, while Mr. Medijl begs us to
“embrace” Canada, Mr. Banks asks to
embrace Hayti and San Dotnibgo, Mayor
Hall to embrace Cuba, Mr. Robinson to
embrace Ireland, while many other gentle
men pressiugly present the claims respect
ively of Crete, the Sandwich Islands, St.
Thomas, Sonora, Sinaloa, Chihuahua,
California, Central America, and the. Can
nibal Islands—all to be embraced at once
in the clutch of long-armed Uncle Sam.
This multiplicity and urgency is quite con
fusing—couldn’t it bo so arranged that wc
shall have one war and one annexation at
a time ?”
GEORGIA KAIL ROAD REPORTS.
President’s Report.
Office Georgia R.R. & Banking C 0.,)
Augusta, May 11, 1569. j
To the Stockholders:
The report of the Superintendent is very
ample and circumstantial upon the opera
tions of the Road department. It exhibits
not only the amount of income for the last
fiscal year from the operations of the lfoad,
but exhibits in detail the sources from
which that income has been derived, aud
the purposes to which it has beeu appro
priated. Avery brief report from the Di
rectors will therefore be required for the
information of the Stockholders.
Whilst tho report of the Superintendent
shows fully the operations of the Road, the
statement of the Cashier exhibits fully the
financial condition of the Company, with
its assets and liabilities,
Tho Superintendent shows a gross profit
of $1,104,521 04, and a net profit (deduct
ing ordinary and current expenses) of
$529,063 36; and deducting all payments
on account of Road, ordinary and extraor
dinary. a surplus remains of $268,353 77,
applicable to other purposes. The Com
pany, however, has some valuable assets
independent of the Road, and the entire
net inco ne fdr the year may lie stated thus :
Net income from
the Road after all
payments, as
above stated $268,353 77
Dividend on Stocks,
interest and rent.. 100,711 75
Charged with in
terest on bonds,
taxes and salaries 59,304 26 —41,407 49
Total net profits $309,701 20
It will bo perceived by tbe above that
after paying all expenditures and appro
priations on Road account, the Company
had for last year a net income of $309,-
701 26.
Two dividends have been declared in the
year of $4 per share each, amounting, with
the tax of $16,024 to $349,104. The de
ficit in net profits, to pay these dividends,
was taken from and charged to reserved
fund. This fund has also beeu charged
with various items of war damage and
losses by the old Ranks in liquidation, and
stood on the 31st of March, as will be seen,
at $718,233 53. This reserved fund, as it
is known, is not immediately available as a
cash resource. It has resulted, to be sure,
from net profits over all expenses incurred
and debts contracted ; but it is invested in
our assets, some of which we do not wish to
part with, and others are depreciated and
unavailable. Those assets are, however,
valuable, and abundantly sufficient, even
under forced sales, to pay all liabilities of
the Company and leave it entirely free
from debt. That they are valuable, may
be seen from the fact that they produced
an income the last year of $109,711 75, and
relieved the Road earnings from all salaries
in the financial department, the entire in
terest on the funded debt, upward of
$16,000, taxes, and leaving a balance in
aid of dividends of $41,407 49. The income
from these assets may not be fully main
tained in future, but it is not doubted that
they will continue to yield a sufficient in
come to meet the interest on the bonded
debt of the' Company, or any debt the
Company is likely to contract. It has
been the policy of the Company to contract
no debt not fully covered and provided for
by the assets, thereby leaving the stock
whole, and the Company virtually out of
debt. Some increase of the bonded debt
since the last Annual Convention, proves
no departure from this principle. To save
the forced sale of assets at an undue value,
and liquidate some war damage claims an I
bank circulation, and provide in part for
the heavy extra work for restoration of
property, without interfering with divi
dends, the Board authorized an issue of 7
p.-r cent, bonds to a iimiteu amount.which
have been sold at a premium- But the
amount of assets has not been exceeded or
even equalled, and the issue has been
stopped.
The Superintendent ha3 stated the gross
and net profits of Road operations for the
past year. He also states the encouraging
fact that the gross earnings exceeded those
ot the year preceding $100,797 38, and
the net earnings those of the preceding
year, $83,542 60. He also states in detail
expenditures on account of the Road, dis
tinguishing the ordinary from the extraor
dinary. The extraordinary are so called
because of extraordinary causes —that is,
by the waste and ravages of war. These
changes make no difference in the capital-
They are all charged to profit and loss ac
count, like the ordinary current expenses.
These expenditures have continued to be
large, but with a Round House in Augus
ta, and a few minor items, this distinction
may be dropped—though somewhat larger
outlays for new iron than “ordinary,” will
be required for several years.
Though the business of the year has
been very satisfactory, it has been main
tained under very strong and active com
petition With a much heavier tonnage
and 20 per cent, more mileage, an increase
of 10 per cent, in gross profit has only been
realized from the low rates at which much
of the work has been done. Roads con
tinue to multiply, by which we shall in the
future be variously affected; but the Board
are inclined to believe, with the Superin
tendent, that the present profits of the
Road may be maintained.
Compared with ether contiguous Roads,
our business in tbe transportation of Cot
ton has been very encouraging. Whilst
other neighboring Roads have fallen off
largely, the number of bales transported
over our Road has only declined 8,336
bales, and that 1 >ss has been entirely on
Cotton from Montgomery. From that
point we transported in 1867-8, 12,062
bales, and the last year only 2,903 bales ,
decrease, 9,159 bales, which more than ac
counts for the whole decrease. From most
other points beyond our terminus, es
pecially the Northwest, we have had a
handsome increase. The loss from Mont
gomery is easily acoounted for. It was
partly from the short deliveries at that
point, but mainly from the control of the
Montgomery & West Point Road by rival |
interest! Where the competition is equal, !
we may always expect our full share in the
transportation of this important staple.
Augusta is fast regaining its former popu
larity as a Cotton market, and as an entre
pot. its advantages are unrivalled.
\\ e are also much pleased to find a pro
gressive increase in the grain and provision
trade from the West. In 186.7 8, we
transported of Corn, 487,838 bushels ; and
in 1868 9, 1,059 043 bushels ; increase,
571,215 bushels. We transported Wheat,
104,640 bushels in 1867 8, and in 1868-9,
302,411 bushels; increase, 197,771 bushels;
and the same increase is found in most
other articles of Western production.
Should the inoroasud facilities in the means
of transporting gram in bulk, spoken of
by the Superintendent, be realized, this
business will become one of muoh im
portance to up. It is, to a great extent, a
Summer business muoh needed by South
i ern Roads, as it give3 employment to their
stock at a season when much of it is idle
To provide a safe and convenient fiscal
agency for our own business, and with a
hope of making some profit on the earn
ings of the Road until needed, and upon
private deposits, an office of discount and
i deposit has been recently re-opened. The
business has scarcely, been fairly opened,
and a large business will not be sought or
! desired. The small business yet done has
1 been entirely safe, and it should be the
policy of the Board to keep it so, and run
Ino risks. Agencies have been established
at Atlanta and Athens, aod from the high
credit of the institution, deposits will no
i doubt soon accumulate, when the business
! mav be safely enlarged and the profits in
creased. The uncertain and fluctuating
! value of the currency is, however, very
; much against a safe and profitah e banking
I business upon deposits.
The trains ran during the year with great
' regularity and remarkable freedom from
I accident : and the Board concur with
the Superintendent in according to
i the officers and employees much credit fo r
NEW SERIES, VOL. XXVIII. NO. 2«>
fidelity and zeal in the performance of
their duties.
All of which is respectfully submitted,
in behalf ot the Directors, by
John P. King, President.
.SUPERINTENDENT’S REPORT.
Office General Superintendent, 1
Georgia It. R. & Bk’ing Cos., V
Augusta, Ga., April 30,1869. )
To Hon. John P. King, President G. R.R.
Dear Sir : Permit me to submit the
following report of the operations of your
Road for the fiscal year, ending March 31,
1869.
The Earnings of the Road have been :
From Passenger Receipts $321,789 78
From Freight “ 761,694 25
From Mail “ 21,03701
Gross Earnings.. $1,104,521 04
The Op:rating Expenses for the same
time have been:
Fo r Conducting
Transportation $146,341 59
For Motive Power 222,869 04
For Maintenance
of Way 148,280 12
For Maintenance
of Cars 57,967 93
Earnings over and above
Ordinary Expenses $520,062 36
extraordinary expenses.
Renewing Loco
motive Engines
(not ordinary
repair-) $61,976 15
New Cars and re
building Cars
(not ordinary
repairs) 53,645 68
New Railroad
Iron,Chairs and
Spikes(overand
above ordinary
repairs) 43,000 00
Ties used in lay
ing New Traok,
eto 5,373 31
Labor used in lay
ing New Track,
etc 3,889 58
Government Tax
on Gross Rec’ts 8,373 99
Net Income . $352,803 67
Out of which has been paid :
For 4 New Loco
motive Engines 49,093 22
For New Freight.
House and Of
fices at Atlanta 30,947 82
For Balance on
New Round
House at Atlan
ta 4,408 86
For Balance paid
to Stockholders
i u Dividends 268,353 77
: 352,803 67
Those results compare with similar ones
for tho fiscal yeai ending March 31st, 1868,
as follows:
Receipts $1,003,723 66-sl, 104,521 04
Increase 100,797 38
Ex pen’s and
Payin’ts,
ordinary and
extraor
dinary ... 818,912 49—836,167 27
Increase 17,254 78
Increase net
Income $83,542 60
I trust these results may be as satisfac
tory to the Stockholders as they are grati
fying to their Officers; for it is somewhat
remarkable that, while the last Annual
Report made for every Railroad connect
ing with, or in the neighborhood of the
Georgia Railroad, shows a diminution in
gross receipts, the gross receipts of your
Road have increased over one hundred
thousand dollars.
Our connections have suffered in the
falling off in their gross receipts as follow.-:
Georgia Central Railroad, $212,226 57;
Southwestern Railroad, $86,408 91; West
ern & Atlantic Railroad, $329,584 11; Ma
con & Western Railroad, $83,972 86;
Atlanta& West Point Itailroad.s4o,4os 73,
and the South Carolina Railroad, $21,-
044 61.
The cause of the increase of business
over your Road is explained in the fact
that the local business has been fully main
tained, and the through business hand
somely increased. This fact is both in
structive and encouraging, as showing the
success of our combinations, in spite of the
fierce competition waged by rival routes,
and the reduced rates at which a large
proportion ot the tonnage and travel had
to be taken. But wa have met all compe
tition, and show a large increase in both
grofis and net income. And after fully
considering the danger from any new com
petition that may offer, I can see, at
present, no reason to fear (with average
crops) any future reduction in the gross
earnings of your road; but reasonable
prospects for their increase as our combi
nations and connections are improved, as
we expect they will be. The increase of
net income will be relative to the increase
of gross earnings.
If we deduct the ordinary and extraor
dinary expenses for the last year from the
receipts, we have left as net income, $352,-
803 67, or something over 8 per cent,
dividend on the capital stoek, after paying
the Government revenue tax on that
amount of dividend; leaving all but
$3,699 67 of the payments amounting to
$84,449 90 made on acoount of new depot
and finishing Round House at Atlanta,
and four new Locomotive Engines, as
charges against the income from other
sources of the Company. We calculate
the extraordinary work done (not ordinary
repairs), in renewing Locomotives, fully
equal to the maintenance of that depart
ment under ordinary circumstances, and
that the cost of the four new Locomotive
Engines was not an expense in the ordi
nary sense of that term, but an investment
in property, as the building of new Freight
House and Offices and Round House at
Atlanta was the restoration of property dc
stroyed by the war, and not likely to be
required again.
As it is not probablo that the business
of your Road will deorease, but increase,
and some addition to the stock of Cars and
Locomotives be needed, and considering
the cost of the proposed Round House at
Augusta, and tbe heavy outlay required
for new iroi t, timber and labor to continue
the restoration of the Road Way, it will
be sale not to calculate upon an increase of
net income for the year just entered upon.
But as the restoration of property pears
completion, these extraordinary payments
will be reduced, and tho not income in
creased until it reaches tho maximum al
lowed for the management of a Road and
rolling stock in first-class condition.
It is interesting to note the fact that
both Passenger and Freight business have
increased.
The increase in travel amounts to
$33,424 50, in about equal proportion, the
local, with the through, showing, I think,
a more prosperous condition of our peo
plo.
The revenue from freight has increased
$67,372 87 over the earnings of that de
partment for the last year. This increase
is derived mostly from through business,
resulting mainly from our improved con
nections and arrangements with the West,
and the increased facilities for the transit
of freight through the city of Augusta.
The income from Western business over
your Road must increase, especially in the
transportation of grain, whenever proper
accommodation for its shipment to foreign
markets is offered a.f our seaboard. St.
Louis, with i.oi * natural advantages in
rivers tunning for hundreds of miles,
draining the finest sections of the Wes* for
the production of the cereals, and her
avenues for commerce by rail extending in
all directions, and almost to the Pacific
coast, must very soon become the distribu
ing point for the great West Whca the
Iron Mountain Railroad,between ?t. Louis
and Belmont, on the Mississippi river, is
completed, which, it i» expected, will bj
done by next August, we will be able (b i
the aid of a boat now being bui't) to run
1 cars between St. Ljuis and the seaboard
without transfer, thereby making the
transportation of grain in ImU) from the
West to tho seaboard, tor shipment to for
eign markets, practicable.
This would be an important step in the
direction of securing the emigration, and
the importations lor the West passing
through our seaboard cities and over our
Roads.
The income from freight distributed
from Nashville, Louisville aod Cincinnati,
is encouraging and increasing.
We have rcoeived our full share of busi
ness passing between the interior and the
Eastern cities, by the way of Charleston.
Freight received from Atlanta & Wen
Point Railroad has fallen off considerably,
but this has been made up in part by in
creased freight delivered to that Road.
The completion of tbe Selma, Rome &
Dalton Railroad opened up another field
for competition, which has been well can
vassed by all interested, with sitislactory
| results to our route.
The quantity of Cotton transported the
last year was something less than for the
year preceding, being 104,372 bales, agamst
112,708 bales for the year ending Ist April,
1 1868. In view of which, and the addition
i al fact that the average of rates would be
j less for the year ending Ist April, lS6y,
you will perceive that no p irt of our in
creased earnings have been derived from
the carrying of this important staple, upon
which heretofore the Roads in this State
were to a great extent dependent for their
prosperity, and still almost as important
to their success.
From the quantity of Fertilizers distri
buted during the past season, and the
breadth of land said to be in cultivation,
we have good reason to hop'e for increased
business in this department after the
gathering of the next crop.
To cam the amount of gross receipts
reported, required an increase of 120,099
miles in the mileage account, which is
about 20 per cent, over the preceding year,
while the increase of gross earnings was
only about 10 per cent, for the same time,
showing the strong competition that had
to bp met in order to maintain our local
and increase our through business.
MACON & AUGUSTA RAILROAD.
The receipts of this Road in itsuufinished
condition have been sufficient to it s operating
expenses,including transportation and Road
Way, and will do a largely increased busi
ness as soon as it is finished through to
Macon, which, I am informed, will now
be vigorously prosecuted. Several of the
bridges on this Road will require extraor
dinary repairs during the current year, and
with the means at command, I am confi
dent it would prove to that Company
economy in the end to replace some of
these bridges with culverts and embauh
ments.
ROAD WAY.
We have laid down during the year, 124
miles of new iron on the main line, making
in all 474 miles of new iron -laid down
since the close of the war. Besides which,
we have repaired in our shop at Union
Point, 2,350 rails, or about 54 miles, at a
eost of $6,100, or a fraction over one-third
cost of re-rolling, which has been charged
t o operating expenses. Our Road Master,
P. W. Printup, Esq., reports that “this
shop has proven to be valuable to the
Road, aud would recommend that It *be
kept in full blast.” But I am not sure
that the rails mended have worn long
enough to establish a success in mending,
but the effects of service on such rails will
be closely watched and the merits or de
merits of the work proven. On some
Roads the plan has worked well; on
others has not met the expectation of the
managers.
New Water Tanks have been built, at
Fifty Mile Post,"Barnett, Seventy Mile
Post, and at Union Point.
New Water Stations have been put up
at Union Point and Alcova.
The Road Way, including track and
structures, have been greatly improved
during the last year, and are in a safe con
dition, but the track requires a good deal
more of new iron to make it smooth and
place it in first-class condition. Our
liberal use of cross-ties since the close of
the war has placed the superstructure of
Road way, so far as timber is concerned,
in a very fair condition.
The wise policy of restoring the proper
ty of the Company to first class condition
gradually, so as not to interfere with
reasonable dividends to tho Stockholders,
and not to increase the Company’s liabili
ty, has been observed.
BRIDGES AND DEPOTS.
All the Bridges on the main line are in
first-class condition. Since last Report
was made, Oconee River Bridge has been
well covered with cypress plank, tin gut
tering, and all well painted. The few
trestles on the Road have received proper
attention.
During the last year, we have built a
very commodious and substantial freight
house, and offices for the accommodation
of Agents and Clerks, at Atlanta, which
does credit alike to the architect who plan
ned it, the contractors who erected it, and
the Company that paid for it. The build
ing complete, including expenses, cost
about $33,000.
We have also fully completed the ele
gant Round House at Atlanta. A similar
one is badly needed at Augusta, which
it is proposed to build as soon as practica
ble.
LOCOMOTIVES.
They have performed promptly and sat
isfactorily all the service during the past
year, and notwithstanding the heavy de
mands upon this department, as shown by
the increased mileage, we find their condi
tion materially improved at the close of
the year—the Master Mechanic’s Report
showing 25 in good order, instead of 17 at
making of last report. The following En
gines have been renewed in tho Company’s
shops during the year at heavy outlay, be
ing in some instances almost equal to re
building, to-wit; “Gen. R. E. Lee,”
“George G. Hull,” “W. M. D’Antignac,”
“Philadelphia,” “W. D. Conyers,” “E.
E. Jones,” “Liberty,” “Tennessee,” “R,
Peters,” “G. W. Evan,” “G. T. Jack
son,” and “James Buchanan.” Besides
which, a large amount of ordinary repairs
have been done on other Engines, improv
ing their condition.
CARS.
This department continues to meet
promptly the demands upon it, but some *
addition to the number of Cars would
enable the management to perform the
service, when pressed, with great satisfac
tion, and give better opportunity for ex
amining and repairing those in sendee,
thereby lessening tho expense of this de
partment. In addition to renewing a
large number of tho old stock, the follow
ing new Cars have been turned out of the
Company’s shops during the year, to-wit :
Ono first-elass Passenger Car, two Bag
gage Cars, one Shanty, and twenty-eight
Box Cars; besides re-building two first
class and two second-class Passenger Cars.
Several Cars in each class have been
thrown out of service. In rebuilding the
old stock, the original numbers are pre
served, and we now report the following
on hand :
Passenger Cars 23
Baggage Cars 10
Box Cars 292
Coal Cars 18
Piatform Cars ..100
Shanty Cars 14
Cab Cars 14
Stock Cars 27
As suggested in report of last year, pay
ment on account of restoring property has
been “materially reduced.”
I request to refer to the annexed detail
ed statements of receipts and expenses,
and table exhibiting the condition of Loco
motives, and tbe eost of work, ordinary
I aud extraordinary, done to each for the
year ending 31st March, 1869.
The trains have run with commendable
regularity and safety. No accident occur
red during the year requiring special re
marks.
Our business relations with the officers
and managers of connecting railroads have
been of the most satisfactory character.
Since my acceptance, in September last,
of tie Presidency of the Nashville & Chat
tanooga Railroad Company, the details of
management on your road have been per
formed maiuly by 8. K. Johnson, Assist
ant Superintendent, with groat energy
and promptness, and, I trust., to the satis
faction of all. And I bear willing testi
} many to the good conduct, cheerful,
I prompt, and intelligent discharge of duty,
Iby the officers, agents, and other em
ployees, to whom the Company, to a con
: siderable extent, ia indebted for its con
tinued prosperity.
Respectfully submitted by
Your obedient servant,
E. W. Cole, Gen’l Sup’t.
The Monthly U. S. Debt Statement.
—The total debt for March Ist, should be:
Principal $2,618,541,382 04
Interest 45,491,506 08
Total $2,665,032,888 12
lash in Treasury 116,235,497 03
Actual debt $2,548,797,391 09
Debt on Ist April 2,525,196,461 74
Increase $ 23,600,929 3 5
Mr. Boutwell will not relish such figures
as these. There is a difference of $30,000,-
000 between the actual debt bearing coin
interest and the published statement ofthe
same. If corporations or a citizen owes an
interest of thousands or millions it is only
fair to add interest to principal in making
up the record, and this is just what the
Treasury Department does not do.
With the May interest out, the net gold
balaqcc in the Treasury is about $68,000,-
000, aud the July interest will equal the
customs for May and June, while current
expenditures will equal internal revenue
receipts for the same time. The question
is asked, will the expeditures in the fiscal
year 1869-70 be reduced in the same pro
portions that Congress reduced appropria
tions? Congress reduced the appropria
tions thirty millions the Treasury
estimates; and unless the War, Navy and
Treasury Departments can make these re
ductions good, we arc cooily told that Mr.
Boutwell will have use for the gre iter
portion of his surplus in paying the Defi
ciency bills of the next Congress. This,
then, is the old story—small appropriations
and big deficiencies; pretensions and
shams upon the surface, and startling
realities when pay day comes ; the bud
talk of reduced debts and large sums laid
aside for a sinking fund, but, in the eud—
words, words , WORDS. —AT. Y. Express,