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• • • ‘ *" * WILLIAM E. JONES. AUGUSTA, Ga. THURSDAY. ABORNING, NOVEMBER 29, 1838. Vm. ll— Nu 145. prnusnr.D DAILY, TRI-WEEKLY, AND WEEKLY, At No. Broad-street. terms: Daily paper, Ten Dollars per annum, in advance. Tri-weekly paper, at Six Dollars in advance, or Seven at the end of the year. Weekly paper, Three Dollars in advance, or Four at the end of the year. < ~inn i«nn — —mn CHRONICLE AND SENTINEL. AUGUSTA. WEDNESDAY MOBMN<I, NOVEMBER 28. Tire. About 3 o’clock yesterday morning, our citi zens were alarmed by the cry of fire, which was found to proceed from a dwelling house on the corner of Washington and Telfair streets, which was entirely destroyed.' The building was owned by P. 11. Mantz, and occupied by a Mr. Broome. The fire originated from accident. At the annual meeting of the members of the Augusta Free School Society, held on Saturday, the 34th inst., the following gentlemen were elec ted a Board of Managers for the ensuing year, viz • Rev. S. S. Davis, Robt. Campbell, Robt. A. Reid, Rev. W.J. Hard, Joseph Milligan, Doct. Paul F. Eve, Eli Mustin. Tims. W. M.Uer John G. Dunlap, Adam Johnston, Doct Dame Hook John J. Cohen, Wm. E. Jackson, M • Catlm and James M . Davies. . ( rA- The Board are requested to meet at the 1 office of James W. Davies, over die Post Office on Thursday evening next,at 7 o’clock, P. M. South Carolina Legis’ntu re. The two Houses of the. General Assembly of this State, convened on the 26th. In the Senate the Hon. Patrick Noble, of Abbeville, was re elected President without opposition, and on be ing conducted to the chair, returned his thanks to the Senate, in a very handsome and appropriate address. Jacob Warley, Esq., of Pendleton, was also re-elected Clerk of the Senate without oppo sition- . ~ , tv T In the House of Representatives, ( 01. D. L. Wardlaw, of Abbeville, was rc-elected Speaker, without opposition. T. W. Glover, of Orange burg, was also re-elected Clerk. The Fire on Monday Night. Mn. BniTon. —Permit me to call the attention Os our’ fellow-citizens to one circumstance con nected with the fire on Monday night—by it a worthy man with his family have been nearly ruined. Mr. Broome, who occupied the house de stroyed, has recently moved from Burke county, and rented it for the purpose of boarding Medical Students. At the time the fire occurred, he was on duty as one of the night Guard of our rliy, and only reached his home to sec it devoured by the midnight flames. Ho has almost lost his all, an d is now with a largo family, without a house or home, in a strange community. Unknown to him, I have ventured to present his case to our fellow-citizens, believing there are many who will conceive it to he a duty and a pleasure to aid the watchman, who, while guarding our homes during the midnight hours, has the misfortune to lose his own by an acciden tal conflagration. The following gentlemen have consented to act as a Committee to receive contributions. I do not wish to head the list, but I leave $lO with the Editor, to he handed over when called for by ithcr of the Committee, viz: P. 11. Mantz, I'os ter Blodget, and Dr. E. D. Ford. E. Communicated. Mu. Jonks —In your paper of the 26th inst. your correspondent Augusta—in the course of other uncalled for and illiberal insinuations,which I do not care to notice, and which I am willing should go to the public without comment —boasts that the Richmond Blues, of which corps I was recently a member, has been “ purged . As it has been suggested to me by several of my friends, that the, remarks of the writer are pointed at me, and as from the tone of the entire article, I can construe it in no other light than a mean, cowardly attempt to injure my standing in so ciety, I feel bound both in duty to myself and the corps in which I now have the hoiur of a command —to ask of you the name of the author of the communication alluded to, who, if ho possess any claims to his boasted re pectabil fy, will not hesitate to avow the true meaning of his paragraph. But if he be the base sycophant and tool which his sentiments bespeak him, he will doubtless feel his respectahil ty more secure under cover of an anonymous signature. E. BARKER. Fire on Ship Hoard. The Wilmington Advertiser of the 23d instant says:—“The schooner St. Cloud, of Prospect. ' Maine, A. Sweetser, master, loading at this port j *th timber and new turpentine, for New York, I caught fire in her cabin from the stove, on the 21 st. The fire was not extinguished until her cabin was burnt out, and her quarter deck nearly ruined—no sc. ions injury, however, was done to her frame timbers. She was scuttled but sunk only to the water’s edge. The Captain an 1 crow lust all theirclothcs, instruments and papers. Great praise is due to the officers and crew of the Steamer North Carolina, who brought their small engine under the vessel’s stern and played upon the fire with grea’ success, through the cabin I window.” The President ha? recognized John C. Lang, as Consul of Prussia fir the pert of Philadelphia Significant. I I* At a meeting of the Union party in Milledge- i '■'die on Friday evening last, the following rcso'.u- j lions wore passed. They are significant of sovc- j ral things. 1 Ist. That the Union party feci that as a party their days are numbered—their dominion is at an t end. and for the purpose of vamping up their . falling fortunes, they arc fishing with a pin-hook 1 *or Stale Rights Sub-Treasury men. Wcremem ber well how they fished for Troup I nion men ! Hd. For the of mending and patching up, the broken down administration of Van Bu- 1 ren. in the South, they nominate John Forsyth' ■ “as the candidate of the South," for Vice Presi- 1 dent! Now if Mr. Forsyth he the candidate of j the South and of the South only, he cannot be ! elected ! If he is supported by other sections than the South, then he is not the candidate of the South alone! But if the South is to he honored and benefitted by a nomination, and not merely tickled, why not nominate a \ “candidate of the South” for President! The j South is just as potent to elect a “candidate of t he South" for President, as Vice-President, and therefore why not make a nomination that will do us sonic good! These Vice-President makers ■ will hardly claim Van Burcn as the “candidate of the Siuth” for President. V.’o do won der if the people of Georgia will suffer themselves to he stuffed with such chaff, and cheated with such contemptible humlnggery! Nominate a man for Vice-President, peculiarly ns “THE candidate of the. South,” to he run on the same ticket with a Northern man for President, who must depend chiefly for his election upon North ern voles ! Mr. Forsyth, as a man and astates f loan, we respect, while wc differ with him—hut i to use his name as “ the candidate of the South” for Vice-President to buy up votes for I an Burcn, is a stratagem too shallow even for our i From the Constitutionalist, of yesterday. MiLLv.nr.KVii.LK, Nov. 23. t a public meeting, numerously attended by members of the Legislature and citizens of Geor- I gia attached to the Union Party, held at Bulfing ton’s Tavern, this evening at 7 o'clock, the Hon. , Joseph Day, of Jones, was appointed Chairman and James M. Kelly, Esq., of Houston, was ap pointed Secretary. The Chairman announced to the moctingthe ob jects for which it had been called : whereupon the following. .solves were adopted by the meeting I . Resolv'd. That we will sustain the measure of divorce of Bank and government; and the opinion of this meeting is. that such meanire should be advanced and maintained in general terms, and the details should be left to the wisdom of Con gress. S. K ’solved, That this meeting nominate John Forsyth, long tlie representative in Congress of southern rights, and more recently the able advo cate of those rights in the Cabinet, as the candi date of the south for the Vice Presidency of the United States; and that every citizen of Georgia, alive to her interests, is expected to aid in the ad vancement of this her favorite son, to tins distin guished office. 3. Re oleed further. That a convention to represent those in favor of the Sub-Treasury, and of a strict construction of the constitution; op posed to a Bank of the United Slates, and to any candidate for the Presidency imbued with high tariff, abolition, or other latitudinarian notions of the constitution, assemble at the State House in Milledgevillo, on the third Monday in December next, to nominate the candidate for the guberna torial chair, to he run by the party, and that the said convention shall ho composed of the members of the Legislature of these principles, together will all delegates sent by our friends from those counties not represented in their principles in the Legislature, (the number of delegates from each county, to be equal to the number of members such county is entitled to,) and those counties not thus fully represented, are earnestly requested to send a sufficient number of delegates to make out a full representation in said convention. 4. Revolved farther, That we pledge ourselves, to sustain the nomination which shall lie made Ivy said convention, whether the same he or not ac ceptable to us as individuals. 5. Resolved further, That the foregoing be published in all the 1 nion papers in the State, and that the editors of such papers give to the same as much publicity as possible, by sending extra copies to all the counties in the istatc. 6. Resolved lastly, That the proceedings of this meeting be signed by the Chairman, and coun ter signed by the Secretary. And the meeting adjourned. JOSEPH DAY, Chairman. , JAMES M. KELLY, Secretary. | The Legislature. The Western Mail arrived so late last evening, that we are unable to give details of the proceed ings in the Legislature.—We extract the follow ing from the Southern Recorder. The Legislature has not had sufficient action as yet, on any of the loading measures pending hetorc it, to enable us to express any opinion as to what w ill ultimately he done. Several import ant subjects must new he shortly acted upon. Among the number, and those of not the last importance, are the hills increasing the hanking capital, providing for, and devising means lor the construction of works of internal improvement establishing the Court of Errors, and providing for the call of a con\rntion to reduce the number j of members in the Legislature, The following are the only ~ul jne( H that have been finally w-ted upon, within the past few days, I except such as arc noticed in our legislative de tails. The hill to extend relief to the sufferers by the depredations «f the Indians on the borders of our ■State, finally passed the House on .Saturday last. | by about thirty majority. This hill grants a loan through the Central Bunk, $ 120,000, should there he surplus funds, for the term of five years, (or less if the claims of the sufferers shall he settled \ by the Government at an earlier period.) at six ! per cent, interest on notes, in the usual form, , with good security, J ne hdi to increase the hanking capital of the i Monroe Railroad and Banking Company *l7O,- i ; 000, (the amount withdrawn from hanking pur- i poses and applied to (he construction of the road*) i \ i was lost in the Hou e. where it originated, on 1 Saturday, by apparently a decided majority against 1 the measure. The Joint Select Committee, to whom wr» re- ferrcd the memorial from Cass county, imputing sinister motives to the 'Knginocr-m-Chicf, in the location of the Western and Atlantic Railroad, Utive made a report, unanimously exculpating him from any censure in the selection of the route for its location. They express the belief, that if ah the facts were known by which he has been influenced, ho would be fully acquitted by the memorialists themselves, of any partial conduct, or want of judgment and discretion, in the dis charge of his duties. Our letters this morning, (says the Fayetteville Observer, of the Mist inst.) give us the gratifying information that Col. Joyner. (Whig.) is elected Speaker of the Senate, by a vole of 25 to 21. It appears that none of the absentees made their ap pearance on yesterday morning, but that Col. Carson, who had voted for Wilson on Monday: changed his vote and elected Joyner. The Kingston T. C. Chronicle states that in the affair with the “patriots" near Prescott, l.ient. ( Johnson, of the 85d regiment, Lieut. Dulnage op the Greenville militia, 4 privates, and 3 women I were killed. Lieut. Col. (.lowan, Capt. Geo Me Donald, Lieut. Parker, sergeant Clarke, and more than 40 privates, were wounded. Twenty-six “patriots” were taken prisoners and lodged in the fort at Kingston. Thursday next, the 29th inst., has been set apart by the authorities of Savannah ns a day of public Thanksgiving for the great health enjoyed by the citizens of that city during the past season. The Arkansas Legislature convened on the Cth inst. at the seat of government. Col. Mark Izard w as elected President of the Senate, and Col. Gil bert Marshall, Speaker of the House. Enekc’s Comet has been seen by. an astrono mer at. New Haven. Professor Smith, of the I Wesleyan University at Middletown, Con., has f also announced that he has seen it. Virginia Commercial Convent ion. This body mot at Norfolk, on the 14th inst., John Tyler was chosen President, Mr. Southgate and Mr. Baxter, Vice Presidents, and J. Butler Secretary. A series of reeolutions, introduced ' by Mr. Segar, proposing an extensive system of internal improvement on State account, as the best foundation for a direct import trade, and the surest means of effecting it, formed the subject of animated debate. The following arc extracts from Norfolk pa pers, “It will he seen that there was a large acces sion to the delegation yesterday. North Caroli na pu forth new strength, and it is one of the most beautiful features in the Convention, that N. Carolina and Virginia mingle in perfect har mony with each other. South (Volina was also represented in the person of Col. Bayne, whose patriotic and indefatigable efforts in Del a'f s! Soutlio '.i Commerce entitle him to the appella tion of a public benefactor. He well deserved the citizenship which the Convention so hand somely accorded him. We would also stale that our sister Alexandria was represented by Mr. Deane, as will he seen in the proceedings.” From the Norfolk Bearon rs Saturday, 17 th. “The Commercial Convention.— The in terest excited by the Convention deepens as it proceeds. Mr. Ruthe read his report, which was listened to with the deepest attention. Then came the report of Col. Millson from the general committee of 21, which was read and received cordially by the Convention. An animated de bate ensued between Col. M. and Mr. Hubbard, and the reports and resolutions were adopted. In the evening scssi • n there was a spectacle that would have touched the sternest heart. A resolution was offered by Col Millson to the effect that tiie Southern and South-western States have a common interest in the direct trade when Col. Hayne rose and addressed the Convention in a thrilling speech. He traced the early efforts in favor of commercial meetings in the. South, and appealed most successfully to the patriotism and pride of Virginia in sustaining the commercial independence of tiro South. He alluded to the Virginia Delegation that attended the Augusta Convention, and paid a well deserved compliment to Col. John S. Millson, who represented V irginia on that occasion, and whose able report he heard in the morning. The scene was indeed brilliant. The galleries were crowded with ladies, and the brightness of the lamps tended to show off every object in the clearness of day. When he con cluded, long and loud were the plaudits that rung through the house, and announced the adoption of the resolution that called hint to the floor. .Mr. Venable of Clarksville, then moved that another Convention be held in Raleigh, (N. C.) in No vember next, which was unanimously agreed to. “."The Resolutions ne/npferl on Fridav, recom mend legislative aid to he given to the diffusion of agricultural instruction and knowledge,and to the promotion of agricultural improvement. They appoint committees to wait on the Legislatures of Virginia and N. Carolina to obtain such aid us tire agricultural interests of the (wo Slates may require. They recommend unremitted exertions to restore the direct trade; they invite Manufac turers and other Capitalists in foreign countries, to establish agencies and form cftmtr.ert ial connec tions among us ; they appoint a Committee of seven to carry out this im Station, and they recom mend to all inland merchants and halers to give preference to the importers in the ports of Virginia and North Carolina—and they invite the Banks in these States to co-operate with the views of the Convention.] A BILL, To he entitled, An Act to encourage a direct F, - port and Import Trade with Forti rn countries, and to authorise the formation of Joint Slick Companies for the purpose of dealing in For eign and Domestic Merchandise and Produce Si.c. 1. Hr U marled hi/ the Somite anil House of J{ejtref,e.nliitivin of the State of Gear dia in General Amem/./j met, and if. u hereby enacted In/ the. authority of the name. That from and after the passage of this a' t, it shall and max i he lawful for any number of the citizr ns of this I State to form joint sto.-k companies tor the pur- i pose of dealing iu foreign merchandise, and do mestic produce and manufactures, and f ir import ing from, and exporting to any foreign Slate or country any part thereof, subject to the conditions and liabilities hereinafter prescribed. Sec. 2. And be it firtln r enacted by the ai 'l"~ f r xaid, Thu no job it stock company ball be formed under the provisions of ibis art, [ u whose capital 1 shall be less than dollars, i I which shaH be divided into shares of huu- I i dred dollars each. j i Sec. 3. And be it further enacted bi/ the nti- t thurify aforesaid, That all persons who shall be- I eomc shareholders in any such joint stock com- i Jmny, shall be, and they are hereby created and i constituted a corporation and body politic, by i such name and stylo as the constitution and by laws of any and every such company may desig nate and appoint, and by such name, when estab- i lished and duly recorded as hereinafter prescribed, shall he, and they are hereby made capable in law i t r have, hold, purchase, receive, possess, enjoy, and retain, to them and their successorsor assigns, lands, rents, tenements, and hereditaments. Roods, chattels, and effects, of whatsoever kind, nature, or quality the same may be; and to sell, grant, demise, alien, or dispose of the same ; to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended in Courts of Record, or any other place w hatsoever ; and also, to make, use, and have a common seal, and the same to break, alter, or renew at their pleasure; and also to ordain and establish, and put in exe cution such constitution and by-laws, rules and regulations, as they may deem necessary and convenient for the government of such company : Provided, that such bye-laws, rules and rcgnla-I lions, be not contrary to the Constitution and i laws of this State, or of the Cnited States: Aud i Provided also, that (he real estate which it shall ; be lawful for any swell company to hold, shall be ! only such as may be necessary for their ueeom- 1 mod it ion in relation to the convenient t • .m-iacf but ot their business, and such as shall liav beet, bona tide mortgaged to them as security, or eon veyed to them in satisfaction of delHs previously contracted in the course of their dealing, or pur chased at sales upon judgments which shall have been obtained for such debts, >Si;e. 4. And be, it further outvied by l/i ■■ uu thurity ujurtsaid, That no company firmed tin der the provisions ol this act, shall commence bu siness until per centum of the capital thercol lias actually been paid in to said company in cash, bye ach stockholder, in proportion to the number of shares he or they may hold, end the remainder thereof secured lor the benefit of the creditors oj such company, bv bond and mortgage upon real estate to the full value of any sum >i I not actually paid in, in cash. St;-. I), Ana he it further enacted by the uu thurity ifomaid, That the stockholders ut any meeting of such company, or the oH’eors appointed | to conduct their business, shall have power to call i»r a further payment upon said sto-k at anv time, upon giving sixty days notice in the gazettes ol the city where the business of said company may be located. Sec. 6. Anil be It further enacted hy the au thority aforesaid, That upon the formation of any company under the provisions of this net, the stockholders thereof shall individually make out, by themselves, or by attorney in fact, a certificate which shall contain— 1. The name, style, or firm of wild company, amt the amount of the capital thereof. *«• The names and resiliences of oil the stock 1 holders in the same, and the amount of stork held, by each, the amount of cash actually paid in by each, and the amount secured by each by mort gage to said company. tl. 1 he period at which said company Intend commencing business, and the period at which 1 it shall termiute, and when made by attorney in fact, the power of attorney duly authenticated shall accompany said certificate. Sec. And he. it further enacted hy the autho rity afirenaid, That the said certificates shall be acknowledged by the several persons signing the same, or their attorney in fact, before a Judge of the Superior or Inferior Court, Justice of the Peace, or Notary Public, who shall duly certify the same. Sec. 8. Awl be it further enacted by the au thority aforesaid, That the certificates and pow ers of attorney in fact, so acknowledged and cer tified, together with a copy of the constitution of such company, shall be (lied in the olßee of the Clerk of the Superior Court of the county in which the principal place of business of such company shall be situated, and shall also be re corded by him at large in a book to be ki pt for that purpose, open to public inspection; audit any of such company shall have places of busi ness in dill’ lent counties, a transcript of the said record duly certified by the clerk in whose office it shall have been filed, under his oil! ial s al, shall be filed and recorded in like manner in the o.hce of the Cleik ot the Superior Com t in every such county ; and the clerk, for each ami every registry required by this act, shall bo entitled to the sura ot five dollars ; and a certified copy of such certificate, powers of attorney ami affidavits, shall be evidence in all courts and places w hat s .ever. See, 0. And be it furtlnr ' nor It] In/ the au thority a fir mid, 'That e.i-h an I every stock holder In such company, shall be bound to said o mipaay and to the creditors I hereof for the pay ment of the full amount of slock held by him or them, and that no sale or transfer of" stock shall take place unices the whole amount, due thereon shall have been bona fide paid in cash to said company; nflidivit of which, together with the name and residence of the purchaser, shall be made by the principal olficer of said company, and filed with the other records in the Clerk’s oUic.i of the Superior Court as aforesaid. S ,r. 10. Aw! be t Jurlhc.r enue'ed In/ the. authority af<rem 'd, That the stockhol !ers of I any company formed by authority of tills act, j shall have pmVer to elect sn h temporary officers [ as they may deem necessary for carrying the ( same into effect, and to regulate and stipulate the compensation to 1-e paid to the same, who shall hold their several app liniments until a constitu tion and by-laws for the government of sneli company are esitiblisheJ, and regtdtr appoint ments nude under the provisions thereof. Ski . 11. And be it further enacted by the au thority aforesaid, That dividends of the profits of such companies may be scrni-amuiallv de clared ; Provided, that a bind of ten per cent, over and above the capital actually paid in, shall hr reserved by such company to meet any unex pected loss they might sustain before sn -h divi d-nd shall be paid in. Sec. 12. And he. it. further enacted hi/ the uu'hority afire: aid, Tb u the olfi.'ers appointed for conducting the bushiest of such company, shall be liable to account to the sto holders for their management of said business, both in law and equity. Nec. 13. And he it farther enacted hy the authority uftremd, Tint in the event of the failure or insolvency of any such company, all I the property, real, personal, and mixed, and of j whatever kind and nature the same may he, shall ! b.‘ immediately assigned to three or more proper I persons for the benefit of the creditors of said , company, nud the said assignees shall proceed to i dispose of the same, and to pay the debts of the said company, and should the aajr.e be insuifi eientto discharge flic debts and liabilities of such eompa-iy, then and in that ease, thev shall pay ea i creditor in like prop .rlion, and if there be a surplus, they s, all Jl4 the same in like praps V ■ ' -■ - tion lo the stockholders of said company: Pro- < vidrd, that the said assignees, before taking poo session of said property, shall give bond and sc- j curity to said company, in an amount equal to j the amount of property so put into their hands for the faithful discharge of their duties ns as signees, and the said assignees shall be allowed out of the proceeds such compensation as shall be reasonable and just. Sec. 14. And hr it further enacted. That all companies formed under and by virtue of this 1 act, may continue business under the same for the term of years, from the commence- : ment of said business, and no longer: Provid'd , I that nothing herein contained, shall he so t on- ! strued ns to prevent such companies from using j their corporate name after the expiration of the time aforesaid, for the purpose of settling up their said business. A Rill. To he entitled, An act to aid in the construction of Railroads in this Slate, and for other purpo se! connected therewith. Src. 1. He if envied In/ the S aide and I finite <flPpw'entulive* ij the State of (tenri'iil, hi Innirnl Aseeniily met, and it is beechy marl'd j hi/ Ike authority of the same, That for the pur- i pose of carrying out llie system nf Internal Im- ! provement. liy Railroads, in this Plate, as now provided for by law, at tin- earlhvt possible day, | the Commissioners of the .Stale Railroad shall, conjointly with the Governor of this State, from time t.i time, and in such sums u- to them shall seem most expedient, sell or dispose of slock, hereby created on the credit of the Plate, hearing i an interest of not more than six per centum, per j annum; scrip for which stock shall he issued j and signed by the Governor and the President. i fir the time being of said Hoard of Commie- bal ers ; and the said stock shall not be redeem able in less time than thirty years after it is issued, and the interest thereon shall he provided for us here inafter pointed ' lit. Pse. And be ijlfurther madid by the au thority of,re.said, That for the purpose of has- ■ tening the completion of the Railroads now in the progress of the const ruction, by companies incor porated in this Plate, or about to he undertaken under charters already granted,the commissioners aforesaid, conjointly with the Governor, shall lend to said companies, out of the funds herein di rected to be raised, from time to time, ns the said companies shall progress in the construction of i their works, such sums as shall be equal toi lie bull nl the mhos actnnlly paid up, and in go >rt ■ faith expended on the works aforesaid In tli-,- in- I dividual stockholders; which loans so made In i the State, shall he expended by the companies re ceiving the same, on the works undertaken by them ; and the same being so expended, the indi vidual stockholders shall proceed to pay up and expend, as aforesaid, a further portion of theft capital; after which, on the pr.-p.-r exhibit being made, the < ‘oinmissi.iiiers and (n vernor shall loan 1 lo said companies a further amount, equal b on ■ 1 half of the second pay mi iilundexpemUturi by the i stockholders ; and soon to the completion of the j work : Provided, that no loan shall be made to | any company until the stockholders thereof shall ‘ have actually paid up, and in good faith expended, a. aforesaid, twenty-five percent, nf their stock subscribed ; which said sums, so paid up and ex pended, shall be made appear to the (hniuni-won ers slid (lovernor aforesaid, by the report, made under oath, of the President, Chief Engineer, and Cashier, or Treasurer, ns the case may be, of said companies respectively. Si;e. And hr it further enacted by the au- ■ thurify aforesaid, That the companies' aforrsiid i shall execute their obligation to pay into tile Cen tral Bank, or Treasury of the State, annually, in terest on the sums so lent to them, together with i their proportion of the expenses that may occur in | the sale of the State’s stock hereby created ; which j interest shall be at the same rate as that which the State shall engage to pay on the stock created by the first se tion of this act; and on the failure, by any company, to pay such interest, at the time, and in the manner provided for in the said obligation, such company shall be thereafter de nied any further loan, and shall be required forth with to pay up all loans previously granted bv vir tue of this act. Sue. 4. And hr itfurthm muded by the mi lk nr Uy of reset V/, That w hen the scrip for the I stock hereby created shall become due, tin- compa- I nies to whom I ians are granted, as aforesaid, shall | refund to the Stale, the whole of the principal loaned to them, to be, by the Slate, applied to 1 the redemption of the State’s scrip issued under ' this act; and for the indemnity of the State against all possible lose,, whether arising from de fault in the payment of interest as aforesaid, or the, payment of principal, as required lay the third j (3.1) section of this act, or the ultimate redemption ' <’f the said scrip, the companies aforesaid shall j execute to the State a mortgage on all their corpo rate property in the Railroads or Roads construc ted by them ; machinery, locomotives and cars, lands, warehouses offices, depots, machine shops and distiiluitaries owned by them. ■ Sec, 5. And hr it further mu ted by the ! authority afrrmvd, That on failure or neglect | of any company to pay the interest or principal to the State, as provided for in tills act, the entire i property, real and personal, of such company. ' mortgaged as aforesaid, shall be forfeited 10, arid shall vest absolutely in the State; amino foreclo sure of such mortgage sh ill he necessary ; but it shall be lawful for Jiis Excellency the Governor, I for the time being, to appoint such agents as may' j lie necessary to take possession of the road and I property so forfeited, wherever to he four.), and | use the same for the benefit of the State, until oth erwise provided for by the General Assembly ; and all persons who may. in any wise, hinder or I prevent said agents from taking possession of. and using said property as aforesaid, or shall se crete the same, shall be guilty of a misdemeanor, and on indictment ami conviction, shall be fined and imprisoned in the common jail of the comity at the discretion of the court. Bkc. fi. I u/l h" it further enad/d by the an thority nfirrerieid. Thul if any of the companies aforesaid, should prefer, that, instead of a I. an lis tin'State to them, on the terms herein preserved, the State sliou.'i aid them hv a subscription to their sto.-k, then such suhst ription shall be made to such stock, by the commissioners and Govern- ! or aforesaid, on the partof the State, on the terms, and under the rules, regulations and restrictions following, to wit— Rt in, I, J lie number of shares which the | '-'Cate shall subscribe for, shall be equal to the number of shares subscribed by the individual 1 stockholders: Provid' d , That the .State sh all not 1 be required to subscribe tor any part of such stock. until one half of the whole stock, prescribed in I the charter of sii'-h company, shall have b.. n a.-- | lually subscribed tor by individual or corpora- I tions. R. in. 11. When the stock of any romp-mv : already filled up by the subs-ription. of individn j al stockholder, and their Ru iroad or Roads ar. not cxoplstid, tli capita] stock of such eompunv i is hereby authorized to (~- enlarged so »s to -fiow ; the State to become a stockholder in the amount j herein prescribed, I . ■ I ...1..1 ...1.—.,, 11l- I .. Ri i.III. A'o payment on the shares so sub- S’ribctl by the State shall be made, until twenty five per ernt, ol the slock subscribed by individu als shall have Urn actually paid up, and in good faith expended ly them, on the Railroad or Roads authorized to be constructed by their charters re spectively ; —which payment and expenditures being made appear, the State shall pay up twen ty-live per ret I, on her subscription ; —alter the expenditure of which on the works aforesaid, and the further pay men! and expenditure, in like man ner, ot twenty-five per cent, by the individual stockholders, the Stale shc.ll pay twenty five per cent, more on her subscription; and so on until all the stock so subscribed shall be paid up : which said payments and expenditures shall lie made appear tn the manner pointed out in the second (*) section of this act. Hulk IV. The state shall, at jill elections of directors and officers of the companies in w hich she may become a stockholder hy virtue of this net, and on all questions routing belore the stock holders in coirvenlh n, lor their decision, vole i n her stork, in the same manner n« individual stock holders are, hy their several c harters, entitled to rate; and the vote of the Stales shall he east, in nil eases by the President of the Board of ('em missloncrs aforesaid in person, or by press. Rulk\. The companies preferring the tub -1 a ription by the tSIaU; to their stork, shall, before j any payment shall he made by tin- State i n her subscription, execute their obligation to pay into the Centra) Bank, cr Treasury of the Plate, an nually, on the stuns paid on her stock subscribed as afo e .till interest at the same rate as that which the State -hall contract to pay on her stock crea ted ni l sold by sir.tie of this act, together with | the due proportion of the expenses incurred bv the Stale in the sale of said alack, until the road shall y ield a profit equal to said interest. Kir. VI. Ip n tin; failure of any eompunv t ) pay the inlercsl required to be paid by the fifth Ride, all further payments by the State, i n the sto‘k subscribed by her in such company shall thereupon cease, and su- h orm.puny shall forth -1 with refund to the State all payments that nisy i have been made on lier subscription, so that riio may n > longer he a stockholder in mil conipunv. Kr u \ 11. To secure the State against all )>ossil>le loss, whether (nan the neglect or omission of such company to pay said interest, or to refund to the Stale the amount of her payments on her subscription,it* required hy the preceding Rub. such company shall execute to the State, a mort gage on their corporate property, ns pnscribed in the fourth Section of this act; and the proceedings on jueh mortgage for default in pay mint of in terest, or in refunding the Stale’s subscription, v. hen thereto required, shall lie according to the provisions of the fifth Section of Ibis inf. Sue. 7. And be It fitrlhe r enacted hy the uv~ thority e f resaid, That the fund arising from the interest on said loans to companies and on stock in stid companies subscribed for by the State, i shall he, and 'be s uite is hereby set apart and «p -1 proprinled to the payment of the interest on her si rip, authorized by this not to be issued. ,K. And he it further marled hy the uu th'inly i.J'nremli/, That the eompunii» aforesaid ( shall have the full hem fit of any premium that ! may ho received by the sale of her rtoek hereby I created; and such premium shall he passed to thu ] cr: dit of said companies, on .interest account, in I proportion to the interest they may engage to pay' j tn the bdalc under the provisions of thin net. bine. 0, And In it further enacted hy the an then ‘y of era a. d, That all provisions in existing j charters, heretofore granted by the General A.»- I seedily of this State, to Railroad Companies, or to | Railroad end Banking Companies, prohibiting ! foreigners from holding stock in said companies, be. mid the same are hereby repealed. il TTY DOLLARS REWARD. d.* Ranaway f.oin the plantation of the late George doling, dec’d, yftt of Gglethorpe county, Ga., a mu erifw lotto fel’ow by the name if DAM ©SS * iRL si out Sf'or SO years of tg*. * s ’omething at ovc the oral ta miry size of men. complexicn ra « &g then bright, a little bow-legged, has prominent cheek bones, verv wide apar*. and has a peculiar lookout of Ms eyes, caused by the fact, that his cyeli is are not usually as much opened as those of other people. He is quick spoken, and very shrewd—uncommonly so. He is believed to have stolen, prior to his absconding, four one hundred do.Ur lulls, and to have gone otf with a while mac man by the name of lIA HNKS, said to have come originally from Mo.-th Carolina, where he was raised, thirties is a dark complected man. rntbjfg under the ordinary stature well built, end, figs a bad countenance. ’ He speaks quickly, looks down, and lias a thin beard. They both ha've a plenty of f-ne clothes. The negro ba? once before absconded I and got to Savannah, but what course he will take i now, i; altogetherconjcctural. The above reward will be given for the appre hension and confinement of the buy, : nd if llarnes ! is apprehended in his company, and also confined, and any portion of the stolen money recovered, the reward tv ill fie raised to One Hundred Dollars. i HOM'VJj VOl Nt,, Kxecutor. Oglethorge county, Ga., Xov. 2H, IS.lm. wit (£_/’ Columbia Telescope and Southern Recorder wilTfOpy the above 4 weeks, and charge this office. DISSOH TIOS. " fBX UK copartnership In retofurc existing unde ■I. firm ot Rohert.nm (k Iterierfict, is this day dia 1 solved by mutual consent. All persons .ndebUut to lire lute firm are requested to rn ikc immediate pivmerit to J. U, l!o!n rtson, who is authorised In collect nil the outstanding debts, and aitrnd to nil the unsullied business. J. li. UOHKBTSON Augiisin,7lh July, 1837. L. S. RF.VKDJCT ittr J- H. IiORBIITSO.N will e uinnur the fflu a Biisimss on his own account at the old stand, nnd i rolieilsn contirmniico of the forncr patronage ex, ended to the Into firm. 173 fjnly ilii Q-tjs SIM OX Ac DItOTII l.tts, ' Tji ~|l Cabinet, Chair ami Sofa Ware room, Broad itrect, oppoKitc (inn!*l, Jinlkley, (a. The suliHcrihcru have removtd troifi tin ir former locution to the largo w loommodjou*Ioommodjou* Ktorool Mr. W Ne!- m »on, now offer for *a!u a well fjK«orr<*d ulof 1 !; of »irfi le« in the above lino, pritnipnliy of their own manufacture, made from rhe la.vwi and luoul approved -Niw' York patterns, which convict in part of the following—marble fop sideboard*, i-iahogopy do; ie , curd, centre, dining, trn, work, and ol her inhl»»*, <1 musing hnn au* w iih rnei hit nnd inuhouaiiy inp«» ( «ocrrtarie* and hook-can*®, «ofa* t ottoman*, marhle iop withstand?, w riting de*K*. fooiKto' iH, m iho-nny, curl and hinDey** ompb» hmd -tends; nUoyfivr duz excel.h nl mahogany french, halt French and <*rpcinn chair®, nnd a variety ol \ uiry,cano, rush, and wood sent do 'I ha. kfnl for past patronage, they uulirit a confimuiiu e of the nup’e at their new a ion*, where they will contii Me I > Bell at umiHually low price®, and warrant tho e<]iinl tn mi v noril 2ft Eu GOODS.-it B KIRTLANAD &T O Merchant Tailors, have received a very rich flvNonment ofextra super Hroadcluths nnd Caul Were®, super Flack Velvet Cloth Do do 15'iie Hi Do dw fare in do Do d.» mixl do Do do ( oroi atioii rhd Cnspiinerrii Do do do I o do >at ir stripe do 4 Do do i'tnprc Diagonal do D* d»» \\ uo| lived HlncK do Su erior Fh « k nnd Blue liinck ."min V. ®tij gR, I*-«i hroit!end do , UooJen Velvi'«, die. «kc. uipo ?or HI a* k and Fancy jCol’J !lo®kin f»iovc« a uafwr.i'e: i, dr, Ac. iapt Id