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- f y i " llljtf j||, ? ^ j^j| ^ ^ ^ ^ v -** ^ ,-v-.^.:.? . ? -j. I" . j S-inT'Tl tinfrr* ? _ : , I , V<?ME XXI. C All DEN, SOUTH-CAROLINA, TGCSDAY MORNING, JULY 3, 1860. " NUMBER 27. L "^Pk ' - . - |L, | ?. . - I - -i j??tn?no tn ?nv nnrtliinff I imprcFsion lias Ihjcii nuule on mv mind tliat if j ;iti extravagant outlay in a State Capitol, V. _0OJiMTJNICATIO]Sr. Eot^on :?I renew our discussion nierely.^ recall yon to the issue between us, and to ! remind Aon that n personal defence of Judge .Ppiighas against imputations which may fa'sely '.of justly be made against him is no part of it, (Thc proposition maintained by ine and assailed tby you that the principle of non-interven^tion by ^Sfcrcss with slavery in the Territories, as plierstood and acquiesced irs^ by the nou-sc<?^j]g delegates in the late Charleston Conventiojn^ is one for which the South hys "strenuotully contended till within two or three ur^*"y^>rs^pas|t, and for which it is her true policy still to contend. Against this you quoted Mr. ^ .ufuuolu) s hlipittlcmic H ue oijUJiiivrr Sovereignty rs it existed in logon Territory : 7nnd, slightly disguised, in California ; and against which, when ondoTsc'd'by Congress in v'1850, you and I and the Secessionist* of South _ Carolina wore ready to stake our lives and (dr^.ties in aii attempt to withdraw Jrom the Confederacy. 1 answered that your quotations were irrelevant in the discussion between us, as I was not aware that any man in the United States now holds the absurd doctrine (refuted by Air. Calhoun in the quotations which you '?-uiadf*) of the absolute Sovereignty of the peo^ pie of the Territories, and their independence X of the Constitution of the United States and / the obligations it imposes. Yon reply. "If "A x Farmer" repudiates this view of the question, *'he must give Judge Douglas the go by," (altlio* I have not before mentioned bis name) and he will ?nd that we are nearer together than JfrC cither of us supposed at the outset." I then quote, certain passages frpfii recent debates of ML, * Judge Douglas, explaining the origin and meanjng of the term Squatter Sovereignty, and tlu> true drift of Mr.' Calhoun's aignmeiit quoted by yon; but more especially shewing that Jndge Douglas now professes tbesame principles wjiicb I liave been trvitig to .maintain. You urge no (wjecunii u> uic pnyvipiv.- w...? ^ the sincerity of his profession. But, as yon ami 1 are di? cussing prtnripfex and not //"'/ , liis sincerity or insincerity can.have tiothinp to do ujih'it. ^ru| ns you arc kind euongh.'since I ? ]inVc^niore?fnHy explained "my opinions, to say that weare -"neater together than citlicr of us supposed at the outset1'?yvhichrih the counectioii in which you use it, I construe as mean ing that after all we do not greatly differ in opinion, I infer that possibly you iniglit adopt those opinions of mine and maintain them cdi^ torialiy ill the OmUeii JouriKil, if it weio rot for the apprehension that impertinent people might foolishly and falsely call yoa a Jhr.igy Insite" or ' Scjnatteri^cT' However that nay i?e, von will perceive that if we are liean ? in __ opinion it is not from any .approach mad" hv me; and th.i-4, T as ipuch a? yor may be nearer to rue in opinion, l-y so much are you nearer to opinion hy Judge. Duiigla--, and uniformly maintained by that parly in the Charleston Convention, to which you imagined yourself irreconcilably opposed. v Your friend, A FARMER. Mr. Editor:?I agree with your correspondent^^ Farmer," when lie nays:?"The,fun? damental principle of the Revolution was that the colonies were co-ordinate members %\yith Ort at Britain and with each other of mi Empire united, {.<? a common Executive Sovereign, 'i-' ?* ' * n jr^.?ric!iit.5vf> Rovorpicn. ' A u"i/.u-'.'v -?3 ? " *>' ?* distinct in each A11?oiTcsiiT*rHa11icV>tns jn tlie _ British Parliament. Ami the royal prcrogn* tive was in force in each colony t?v virtue of its acknowledging the King for its Executive * Magistrate, as it was in Great 1 iritain by virtue of a like acknowledgment there. A denial of ihefc principles by Great Britain, and the assertion of them bv America, produced the Kcvolution." But we do not so fully understand him when he tells us:?"Now. instead of the "royal prerogative" and "common Executive Sovereign," or "King," substitute the Constitution of the United States, which is the on* ,ly representative of "common* Sovereignty" which we acknowledge, and this paragraph will correctly describe the relation which ought of right, to subsist between the Federal Government and its colonies or Territories." Now it does seem to ine there is a vast d fier cuce between the King of any country and the mere Constitution of the United State*. A King is a living, acting, thinking I icing, hut the , ,1.;. i ,1... t..?. V OHMUUl iUH, Uiv Ml" iiLirv.il.?..v executing; and tl>c law oxp<?ii? cIm?r <lc|>artnn-nts is a mere instrument of writing, tlutt lias 1:0 jnore force or vitality al<out it tliati any other inanimate tiling. So that when we speak of the Constitution lis an active principle, these governmental departments are necessarily en braced in the idea, for the Constitution with* out these active departments can have no Executive or any other action; am 1 all that the secoders from the Charleston Convention ask^ ed is, that the party who seeks the'control of these active departments created by the adoption of the Constitution, shall acknowledge, pt.bliely, and pledge their efforts to the protection of the slave owner to the right of pioperty in his slave?provided he should emigrate to any of the Territories of the United States? in case that property should he there assailed !>v the Lfjixluliuit of such Territory. The analogy attempted between the King of Engi ? land and the American colonies, and the Con* stitution of the United States and the Territories, does not seem to me to hold good, hut would seem to he much more applicable to such !"ml or Ttrsitury as the crown owned outside of the colonics. Our Territories are acknowledged hv all to he the pn./nih/ of the Statis, and not colonics of the United States, and therefore, under the control of their agent, j the general government, which government! was created hv the States in the adoption of tlie Constitut'on ; and so would such "/?? / or Territory oittsi'de of' the crown lie considered ' the proper!I/ ol the crown, or, of the difteiei.t ro-ordinntc powers of the colonies ami of Great Kritain, who acfcr.ovvhdged the King as their common Executive. I therefore can not see the analogy attempted hv "A Farmer." I am ~ 1mer" can he tn,uj!ie iinconstitutional intermeddling of Cuiij gress" with the government of the Territories; and I think the secedcrs from the Charleston Convention were so. also; they only claim that Congress should "meddle" with them in N a C'oHxt'l"lioiml w</?, and they hold, if I understand their position aright, as I hold, that as the light of property in slaves existed in A* !"- in l!?r? ulniiti*iii nf many' ui u>v - , 'the Constitution, and that that light is fully "? acknowledged in that instrument, the law marking. the law executing and the law expounding departments of the government, created 'and established by the Constitution, should interpose all their powers to prevent these rights f from being impaired l?v a temporary Territorial Legislature. 'And how the Executive de'partment or the Judicial department can act in tliis nlatter, with any efficiency, until after , the Legislative department lias acted, I confess .myself unable to see. For instance: if A. goes into one of the .coinmon Territories of the United States with his slaves, and after lie gets there a majority of the Legislature of that Territory passes an act setting A.'s slaves free, what recourse has A.? According to "A Farmer," this is the ait f of a Sovereign, and A. lias no recourse but has to snbmit to the loss of his property. A pretty high act this, I shop Id say, even of Sovere:g;ity. And yet, if an individual or any uumber Esses i | of individuals in tliis same Territory, ni>diict the slaves of A., lie can !>v authority ot hup pill-sue such individual into any of the S?vvirh/n Stale* of the though such Sovereignty may have enacted laws declaring all slaves tli"t come within their boundary, free, and demand of this same general government, that said slaves he returned to him, and the general government is bound to return them, ns it lias done in many instances. ?.' Now, 'will any one pretend to say that a mere Tccritorial' Legislatnre can perform higher acts of Sovereignty than any of the Sove reign States of the Union themselves i Surely not. "A Farmer" further says: ?"The Constitution and the obligations it. imposes heii^icknowledged, and the tribunals it cstablisli^B^ enforce those obligations being siibmittce^E thoj should be permitted to Legislate for thc^B selves, til it rail Hind led by tliy Vexations and uiS constitutional inlcnncddlitjr ?f ("ot jjrcss."?1 Now when "tin* ' (institution ;nn! tlie oMupiliot s it imposes" A* "neki owlethred, ami the | tribunals it establishes to enforce those ohlijpi- j tions" mi "submitted to." tlicn the South, of course, have lothing to complain of in regard tif the Territorial cjiicstiof. I hit that is just, the difference between the Northern and Southern democracy, and is just -the question that has divided them. The South claims that there should be a clear and unequivocal wtnnir/ii/i/iueiit of "the Constitution ami the olsli?ntioiis it imposes" of the rijjhts rf slavery in the 'i'erritories, by the party who seeks her support for the I'resid- n y. The Nortlo rn democracy, our "friends"-^- to say nothing of the mass of the Northern o; le ?tell its thai if we claim these rights tin t tiie whole North is so much opposed to slavery, that they can be oft o use to us in the election of a President. i ..-1 I- ma.i I 111t- ?! riiit'.'lv sectional issue is inevitable, for the Snut.li r-</< not yield this point, without degradation and dishonor, mid the North >? U i-m yield it, I ecanse ii would l>e the yielding of a majority to the minority? the-yiclding of power. The North is pnreiy /<?//<<<,.</ in her ideas ol'tiie general government, and ln lievcs .that a nmnerienl majority should govern. The South is confederative or republican, in her ideas ofthe general government, and believes that r?. cm-n ut majorities, or the Corsnnthw. should govern. ] have no .idea, iir. Editor, oi taking the interesting < ontroveisy, going on between von and "A Farmer,11 off-your hands, hut somehow felt that u few remarks upon the attcmptetiniudogv of "A Farmer11 was called !or. VEKIjKMAX. MIS OKI ,1. A >T EOT s. t-lalo* ill r Ji-i C.> : a-il vJ:>uvc;i* til r. IJaltimokf, June 23. The States Rights Democratic Convention met in the listli of the Maryland Institute, at noon, Jo-<lay. In numbers it was greater than tiie miiiji Convention at tlie Theatre. Seventeen States were, in whole or part, ropr> senteil. An immense ami highly eutliusia t e crowd filieil tjie galleries, amoi g whom were a multitude or ladies. Nearly ail the reporters deserted the rump Convention to attend this. ill*. Ewincr, ol'Teiiuessee. ailed the Coiiven.-I::,.1 onttlytl.., Virginia, temporary Chairiiu^g^^^rTwis catried! Mr. Russell, on takii g the ( hail, said : GeNTI.K.MKX of the N'aTIOXAI. r*)v.xtuckatic Convention : Not I mint; conscious of any personal merit of inv own, which eouhl have induced yon to preter me for this honorable position, 1 must attribute it to that respect which you and all good Democrats entertain for the ancient and loyal Commonwealth of Virginia. I understand, hv this appointment?the first official act performed bv this assemble?that ?I... ...nut I-,- V?|.|. tier. I pose th.lt. i:i all your proceeding*, you will be | sroviTiu'.l l?v tli.- priuriph-s of States lights j Democracy as they prevail in Virginia. | That assembly, which recently met as a I National I)etuocratiu < "on\ei:t:oe. has lost all title to that <1< situation; therefore, von, am! those who ajfree with yon, eousiitutin^ a majority of the representatives of the Democratic States, are required to (oetinne to perform the lit net ions ami duties of a Democratic National Convention. Gentlemen, T have an abiding confidence j that the results ol your del.het nitons will lie such that all true National States Rights J)?mocrats of the North, as well as of the South, ot the Kast, as well as of the \\ i st, can render them a cordial support. 1 l ave an abidiujr j coi fidef.ee that vot1, stamlii upon prim-iple, j will he able to defend the I >etno. ra'.ic party, j the rights (?f siii the sin I the ('<>: s! ili.tmu j j of the common com try, siijsiii si the efforts of :iIi their enemies, open <?r iisidions. In tliis j | confidence. I i:mv pincee'l I" per own the rights ; jot* thsit po:.t to wliieli 1 Icoe hcen siSf-igiie<l. Messrs. Croshv, o."'O.Viroi. siml Johnson, of Mankind, were elected temporary Secrctsi-; ries. (iin. Walker, of Alal snnst, moved the sippoiiitment of :t Committee on Oigaiiizsitiop, which wsis earriod suniil nmcli ci ihitsisism. The 'onreiittoti tisen took si recess until 5 o'clock j>. 1:1. KVEXIXG SESSION. 'J he Convention re aw-emUed at 5 o'clock ' p. 111. liev. Mr. Helm prayed. Mr. I si vis, of Mississippi, moved the admir- j sioK of Indies to the ft or, which was csirri- i Cll. Ujmn the rnliirjr ?f lite m!1, the f?i|'owing [ Slalts rr-poi ilfl : \*<-jnn>11 J. .\ias.-n> husetts, i New York. Toui'svlvaiiia. Delaware. Ms i via il, j \ ii'ijiui:!. North Carolina, Georgia. l'i'-rida, j A.'ahamn, .'.K-i?i|>|ii. I,r. '! xas, Arkai- i | s?\ Teimosre, iveiilinky, Mir-soiiri, luwa. I X'iui1tTn7a~;u:^ l^fegoii:- - ~ As the Northern States r? -ji<unlv'sl, there was j deafening a|>]ilaiise. Gen. Walker, of Alabama, from the ('onmittee on Organization, repoi ted tor l'lvsiileiii, the name of Gen. Caleh Ce.diing, of Ma-isn ht setts. i Gen. Cn>hit:g was loi diieted to the Chair amid load ami deafening eliuers. Mr. lJussell, of \*ir?jii ia, on resigning the ! i'hair, congratulated Gen. < *n>hing that he hail [ resumed the I 'residency of the National DemoI crsitie Convention. I Gen. Gushing, on assuming the Chair, said : (jent .emek of the Conve.vtiox : We rc assemb e here, delegates to the National Democm sic. ('onveiition. ilulv accredited thereto from more than twenty States of tin* Union, for the purpose of nominating the candidates of the j Democratic party for the offices of 1'resilient I and Vice-President of the United Slates; for the purpose of announcing the principles oftlic ! party ; for the purpose of continuing that party j upon the firm foundation of the Union, and the co-equal rights of the severa/ State--. Gen| tleincn, the Convention is in order Tor br.s;ncss. A full list of Vice-Presidents and Secretaries, consisting of one for each office from oath State represented in the Convention, were appointed. Mr. Atkins, of Tennessee, thought it expedient to make a platform and nominate immediately. Mr. Hunter of Louisnnn, offered a resolution, inviting the South Carolina and Florida delegates to Richmond Convention, to unite with this Convention, if they thought proper, which was carried. Mr. Fisher, of Virginia, moved the appointment of a lOininitteu of five, which Cell. Cashing, of Massachusetts, should he chairman, to prepare an address to the country, which motion prevailed. The cities of I'liilndelphia, New Orleans, New York and lialtTmorc,' were proposed as suitable places wherein to hold the next National Democratic Convention, aiidthcCoi: Volition decided i pon Philadelphia AbMr. Avoir, of North C'tiioiiin, from the jHrminiucc on the 1 Intforin. reported the phitJ?m'of the majority of the. j'hitfoini Committee of the ( liarlcston Convention unaltered, which was adopted enthusiastically. The (\?nvolition being theti itf'ont to proceed to hid lot lor a candidate tolas m:| totted lor the office of 1 resident, the delegation lioiil Massachusetts nominated Hon. .lolin C. Breckinridge, or Kentucky; Tennessee presented the tiHine of lion. Daniel S. Dickinson, of New I York. Alahama piosonted the mime ol lion. li. M. T. Hunter, of Virginia; Oregon presented the inline of Gen. Joseph Lane, of Oregon. During the balloting. .Mr. Bnssoll. of Virginia, said that Virginia could not, with proper self-respect, accept fa\ors front the Convention, I and so lie would withdraw from the corsideiaI tion of the Convention the mime of Hon. If. M. T. Hunter. j < >n the first ballot, flon. John (\ Bree.kiu| ridge, of Kent in ky, was uminimovsly uomiuaii ed, amidst the wildest enthusiasm and excite| meet? the galleries applaudi' g to the echo. On the first- ha I lot lor a eat didatc to he sttp| ported for the office of Vice-1 'resident, Gen. Jos. j I Lane, of Oregon, was nominated with npp'amo. ! Loud calls were then made for Mr. Yancey, of Alahama, who responded in tin elaborate and effective speech. At 11 o'clock p. in., the Convention adjourned si or tti>, with three cheers for the no! mil ces. A mass meeting w as held at ndd-night, in I Monument Square, to respond to the I oniina] tions of Bieckintidge ai.d Lane, which, though j ! entirely in j ron.ptu. was very laige and imposj ing. 'J lie mm inatiens iveie received most en| tliiisiastiealiy. Baltimore responds heartily and promptly : for 1 no kin ridge and Lane, and bets are freely j offered that Douglas and Fittjpa trick will not j any a single State. (.'/hi /. I si, ii ,1/rif . S}ieci-il:o t ie Clunlulvn Kei cv.i y. Richmond, Ya, June 25. The Rirlmi"i (1 Convention will probably finish their labors to-morrow when its members will return from lla'timore. The members Iierc will >mj?p??rt. the action of the scecder> i:t Raltimore, hut will most ptoMiahly ait independent of them. jTiom the time it was known in 1-hhmontl ! tl:it the Yirgiiia Delegation -bml. seceded at ! Rnttimoro, to the time, v.l jg^the scceders j iiivMinateif llieh- eaeilicjale.VsijpBBBl ' t :iuT j Vr-o^I YesuTeht at JinltimoiT, it was no^jBsjB^ j hie.that the Delegates at Richmond conld net J with the scccdors, it' they would or would not ; have done. | The Richmond Convention met to-day at j twelve o'clock, and has adjourned to five o' |c!od:V. i!i? when a nuiul er ol their memhers expected to arrive. To-morrow they will end their duties. " -- . . There is to he a great mass meeting here. Tim .South Carolina Delegation is ?j?i.e hat j modioli?. Tliev will gist? :i good account of. tliomsvlvc*. Six o'clock, r. m.? flic Coiivcntioii met at five o'clock, agreeably 1o adjournment. It lias, however, adjoin I id over until four o'clock tomorrow al'tcrnoim ?t tlm request of tile delegations of several Slates who are l.ow in Wasliii gior. * FyCCll'l lu tilt' Ci'lll- Uatoil Jf'll'lljf. Washington*, .Iiiiiu 23. Mr. Senator Fitzpalrick. of Alaltaiua, is m ilerslooil to lave declined llie nomination to the Vice-l'r.sideiicy 011 tie Hump vickctilioiigli it lias not yet been < flicially am ounc d. .\ir. Fiirparick is 11<>i;I>li-<l by llie rend', wliiili have lalleii to It is josiiioi-, and lie dale no! lace llie n lisic. 'I lie J re-sure ii]>o|i Iric, In.in I <itli sides, l as been linnet so, ami the pool' IIKIII I.IIS " III hi un II 1..mill (.1 1,. . (UK?d sense sccuis to prevail among the Southcm ch'li gales. The Southern delegates who did not secede :1IV reo nested to meet :it the iNniioi;:! Hotel to! right, to idiiCle villi i.iili other, and cot.suit nbollt the future. A gun <1 di niotiftuitioi; will be made hero to-night in laior ol the Lreekii.ridge and J.ai:e ticket. J. .1. lion per. I><]., editor of the //??/// J/'.-//, an oj?po>iiion j a]>1 r at iloi.tgnmeiy, Alabama, I and lion, Humphrey .Marshall, e:.-:iicmher of ('iii'grei-s from Kentucky, are oat for JireckinI ridge and Lane. 'I lie ereain of the Soi.thcrn opposition are coining over. All the appropriation bills have been passed hv (*ottgrc>s, vbicii adjourned at noon to-day.! Latkk ? 0 ideuicic r. m.?.Mr. Fiizpatri. k I ictiiM S the i.oiuii alioii on the Squatter ticket, i I Jooglasites are terribly dismayed. I lie Lump lv:eeiitive Commi'tec meets to-: night to fill the vacancy. L.\-Lov. Wickliffc oi Louisiana, Alex, 11. Mepliens una j',:.-unv. II. \*. Johnson. of Georgia, are prominently j named as 11is successor. 'J In- States lights party :irc |?rop:irii-^ i'or;m immense dclt:ul:stlal!o|i lo-Mghl. 'J hcV will , !!;v? kiiiVii!"''. Lai.e ..and ' They are very < mdkleiir. Min.viciir.?There wi s a wet sj ontnncoiis j outpouring oft lie Denied in y. to-night, K? ell- i doise ti e .Sinto Lights i.?>?iii.:.fl?>i s. ! An immense crowd eidlediit the resilience of i Mr llrevkiuridg , and serenaded liim. Mr. j Lreekinridgo res|onded to the cull, ami said : ; I lie felt dee|?lv this manifestation of their! [friendly regard, and acce|ited it as proof that j . they approved of the proceedings at Iialliinore j hv which the National Democratic Convention I ' had presented h:s name, and that of his gallant! ' associate, (ten. I.nne, for the oflices of J resident and Vice*]'resident of the United States. j The heart would l?e cold and insensible, in' deed, that did not throb with gratitude for i such a inaniiestatioii of the confidence of his ! eoiiiitrvincii. He felt it deeply and did not 1 ' .i desire to conceal it. At the same time, tie deemed it not improper to say that it was a j position In1 did not seek, and which, though , lie accepted if finally, lie accepted with regret, i lie had seen, as they liad seen, with feelings of . pain, the division and disturbances of the iJcniociatic party. lie had hoped to the last that these difficulties would be aveitcd. It was not his purpose, at any time, that his name should stand in the way of universal harmony. ! I}<i well knew that there were many gentle' men,*Noil'.' H,;d South, better tt'.ed than himself lor sueh a il'USt, Lut, since lie had heeii ! selected, bo would not shrink. lie bad ouly Jk to sny tliat the Conve1i ti<fi^pPfie11 assembled at the ball of the Mnn'lai'J Institute, was composed, in his opinion, ofiic National Democracv. lie approved oljits proceedings, because they were necessny. Lie had told his friends, that, if necessary,ue^vould sustain this Convention, but lie had nf thought of heading the ticket. lie had.read the piriform. He believed that instead of breaking 4'''ie Union, it piopo.-ed to add Cuba, iijf>>nsiderc.d lhat it expressly advocated the binding of the Union with the Pacific liailroatl ^ lie would then nccentilm nomination, and would endeavor to quictl, firmly and bravely bear the required lesj o>ibilitks, and Imped that some good piovide.ee would avert the danger, and lead us ngai'in the way of tianqnility ai d peace. ) # There was great clieer'ig evenfrinterval in the speech, wliiili l.ecniir loud at > prolot gcd at its close. Gen. Jefferson Davis .MissWippi, and Kol.i'i-t 'I i.iiii.Ik of GeoiiriaJ followed, endorsing the lunjjictr. V lion. J'. F. Hallelt, <f Massac hr.setlr, the fntmer of the CiiiciiiiiatU'Ialtoini, also sj okc. He made a good .'peediiiw vhh it scjr.atteiisin was distinctly repnriated.; Gen. I.ni.e was i e\t i-iettaKd iit I; town's notch ]u Khjoi.se to the till, he said lie Kcognized iliein as tlie oiilv*?Catioi:al Democracy, and was proud to he jihad on a ticket with Brt ckinri'dgc. There was great ei:tlii:paMn among the crowd FpecM to the Cloir a ten Meicmy. i \Va5HINotox, Jm.e Co. *i lie Docglns Evocative (."oir.initte* ; sseinoled i this evening, and, amid tiJnch trihiilatioti, t.o- j liiinatcd lioii. 1 J'etsehell ^ . Johnson, of Georgia, for the Yiee-l'rusidt*itial candidate, rice j tiei j. Fiizjmtrjck, resigned. Blue Rftlge lir.i!ioc<! and Sir. Trcabohsi's better. ivAtjrfiA. May 7. lftb'u. Ma. Editor: My attention has hocn < ailed tp a letter fiotn Geo. A. Tronl olin, Esq., copied into your journal fruiii the- Edge field .1- reitntr, on the 21st u!t., in wl/it li Mr. T. criticises (lather shai| Jv, I think) "on a speeeli delivered (it I-Mn-. fii?I.t Court-J loose, on sales dav ...v. .. . # ( f November Inst. It was adjressed j^a ineclirg comf ised of not eXceed'i'g one bnudtvd geiitlt-mei', ami was soon after published iiiMor.r journal of ]9th ; November last, t<> w hit h{ paper I beg to refer i the public. I A ic-pi.blicnl'rii of th.lYoi-eh would-be a'< [ good ;i refutation of Mr. ^Y.holm's st; tt luelits as 1 could desire, but ijj^inny i ot be doue; therefore I beg that yT* -will publish what 1 have to snV on the suJ^-C-t. Had Mr. Tret:h?*!m -afceii the trouble to refresh Ids areiuo.t-. I.v a nWeretico to my speech, perhaps his haoli af.d n:t>jusl;liable ninaiks v.ouhl have heeii modified,for there is eeitaiidv t othirg in it to tin if- a dlita for Ids long array ofiiseorrei l figures. IIovvfilrMr. T. has deviated .i... ,.,.i.lP ,;< *,i.,ii, ii tv in ibis mat 11 /III-. I lie i 1.1 vc \>i -|'t . ........ tor, I 'cave the pnlJir trV.jr.djrc. 1 quote the follow!: iioni .\;r. T.'s yjlcr ? ' CiiAULESir^v April 4, 1 SdC. ^T^^T^ad TTliijrir" ITV'Tx^r is j continued, tlicSij.tr tax fMtngros will soon he increased to live dollars 7 and tIi.-it this lirlicf litis I ecu adopte f on the Jtntiioriiyot" M r. Grrjru:. j 'J In- opinions of thisgondeinan on nil practical siil-jrcls arc always I is! eyed to with attention l.v the public, nor am I iliflosoc', on the present jiCiissajon, to treat tlirni" levity. At tl.e fame time we s-l-onhi all Jnl e a siiiluMe respect for otir own iinder?l:i7ali7{v d 1 ot he wiilitg to yi' Id our cotitietious hnjliritlv to the control of mere authority, or slut- "t r ey?s itsst tl e petcrptiop of ]ilain nisirdiftcs thtongh Mind j re.-pect lor their impttled authors. \\ hat was real I \ mid hv .Mr. Gregg in his j fpeeeh at l.djji held Goulj I ionsr, ill jSovi laher j (if that is the oceasiott uicnvd to,) was that, if the road shonld tost ?.Jthe tax oil nejjTos would he raised P 2.5(.\ not ( 5 1 lie lieve, De'orc proceeding to examine the tor- i rents ess of I hi- opinion, ve will hriel'y reviiw ; one or two utlier .-tatetiii' Is made hv the spea- J kef, in order to show ho'V little salcty llieie is j ?' tit.. v. it hui 11 \aiiiit at ion, the info: ma- J ... ..v. V n til ti or ivumii iiiy: cM-iiof'i!" most prnelir;il ami | X] i*iietieei!, SjicakiiiM i?f the I'-iie I.ailina'l of j Xi \v Votk, lie allejycil Iiat i: Ii.mi 1 i ost |i>itv millioi s of (iol.'air, ami t,ie shan s tieii ? l ow at >.o cai it lor ?10(i pirnl in. i- hd'nived that tliis yn at woik was worth. i > the estimation of the j pnlilir. only five per ceP'- n" ?"*? ,':t O.IJCC1, or j i.ot n ore tl.an C2,0CP.0l','? What are the real I la> ts of the case? Thov are as lol.'otvs : 'J hat ! the mail ci st ?,0C('JO t 'i'at I -eii:;* huilt j with C'K'.CliC.CCU of s i scriliii! capital ami i vC-J.OUty'OO <,|'-|.on.nvcl money, it follows, v.heii the shales still s !I .'it Co, that, in the i opinion of the |)t.!>lie, tie* iomits woith tlie en- ' tire stan of # 24,OCiy..GU "I inr.itpaai. di |,t ard J C5CC,(.C0 ol the M.lserilei! capital in mhlition. In this, there is nothing conjectural, for there catiic front l.iejai.ii in Jj.'pteinl.er last i'oiiitiiissioneis e.'otlii-il l.v the Jvt'Jflish stockholders with power to advance im'te money,if neces.?nn\ to extricate the (.'otnpaiiV fif'tii existing embarrassments. " ' - ?: .I'f.n on it... nnri of Mr lll'I'C IS a iiiisiaKi: v. j , Gregg, of *t;,i.)0(?f00P, ii: stating the cost of a j work \* hose liistoi v is to he found in every news- j paper in tliu connin, aiM at. errn.- ofc2?,0(RV ! UOO in estimating its present value, i fleeted through a deduction, ot which I lie fallacy is conspicuous enough to nicest the attention of the merest tvin in fignri*. JI is true that the stockholders have lost nearly their entire capital. hut this is the result of en on ami vices that do not attach to the aiiiiiii'islration of a single railroad at the .South.: i his is had enough, hut I e who tiiah-ttakes to enlighten the public tiiita! oe thifstopic, shoijid, at least, po-sess the faculty of iliscriinii.-ntil a" between a loss of $8 or > H.'.CLC.uOU and out] of ?.18,0t0,0U0. There cannot I e a tiibre striking e.\hihi|iou I of inncctunlc statistic.* a1 d Inllarious r/asntiing j than this, nnhssit shaa.M he the following: | Mr. Giegg, in the fame;speech, deviated with the utmost solemnity, at: ' made the declaration, he said, on his rcspousibil lv, that when Hangs i: Go., weto dismissed from the JJIite ltidgc l.'oad, oi'C mill.on >J'tlo'l'"'" had already hecn wasted, tlnown r.wav, jinrl lit erly lost hy the company, through misla ration of the road, work imperfectly done, and hsses attendant upon the I*.it 1117. r,f Bancs i Co. Now the question to be asked is, liow much j'ad the company spent up to tlic period of Bat/g*' dismi.-snl ? Of tlie sum expended lip to tlnlt tune, ?1,000,000 bad been lust-; bow nitieli,tlJen, bad been expended/ The proposition can Jinrdly be stated with gravity; and logic is liti rally put out of countenance l?v the very al?iii dity and drollery of tbc entire proliletn. The iPlnl stun expended bv tbc company, for cotif tniction and all other put poses, up to tbc da;' ?f Bangs & Co.'s dis! missal, was ?080,000. r-\i.d Mr. Gregggravelv ! alleged that, out nf i/i!s\ ""in at least ?1,000,000 j bad been wasted and n terlv lost! j Tbc simple truth is, '"it substantially not a i dollar bad been wnstF'd or lost in any way I whatever." Now, I donytban^xpresscd any opinion on that occasij^^dHflHdtig taxation. 1 stated 10 111C meeting m> itniv<nnn.\ ?v ^ e on the subject. 'flic following is what 1 did say. I alluded to Mr. Mehnninger: "One of the great leaders of the JJInc Ridge party lias stated in a speech that a debt of a million will add to the tax on tiegros eighteen and three-quarter cents a head. According to this calculation a debt of two millions will add thirty-seven cents, four millions seventy-five cents, eight millions one dollar fifty cents, and /" < // > v:i//Ji)i.s (my estimate for the cost of the road) 1wo dollars and twenty-five cents a head, and everything else in the same ratio." Here follows what I said about the Eric Railroad. If 1 had to say it over again, 1 do not see that it would be neeesfai v to change the language, which was as follows: "Many are tumbled about this million we have already invested in the Hlue Ridge Road; ' ' 1 - tvill i nt In to SlIUI I UUUK1 Ml\, l ill- Iin/I. v_> ciitirelv lost. We will Jjjivc*jin jidditioi.nl toad I in South Carolina. ]Jut suppose it is to he lost; better so, iluiii to do woisc. Tlie Statu of New York loaned her I otitis to the Erie Laihead; that Company applied for additional aid. It was ptoposed to give Iter the idur millioi r, tluit tliu State might wjpe her hands at.il he clear ol the concern. lly soine means-, the Jimotint nccessaiy to Intild it was raised. The road cost thirty-three millions, and the stock is now only worth five cents in the dollar. You will all agree with me that the State of New York made a lucky escape hy giving t:p as lost the fiist four millions she had loaned. 'J lie State of Nov York gave up a debt of three millions (r.ot four,! and attached a cotidi,:oti to the gilt, that the Erie Railroad should he i xtended to the lakes. So might South Caiolii.a i (iw do; give up what she has put in, piovidid that individuals and private coiporatioi s will go Unwind nr.d ccmplcte the enterprise. 1 have it now from good authority that the New Yotic and Eiiu Railroad cost thirty-five millions, three hundred and twenty thousand, nine hundred and seven 19-110 dollars (?35,a2n.0(;7.10.f It is about double tlie length of mir Blue lddgc Rniliond, iu:d passes over a i ouiitiv, the surface of which is of a very similar character, tliat accounts fori!r. Trenholm's apology lor its great ccsr, which very far exceeded the first estimates, and cost double per mile what the Blue Ridge is estimated to cost. We at the South, in the estimation of Mr. T., are more pionc to good management than the people of the North. Mr. T., in speaking of the New Volk and El ie Kailtoad, says: "It is trtie that the stockholders have lost nearly their entire capital, but it is the result of errors and vices that do not attach to the administration of a sitgle rail toad at the South." He might vety correctly have added, except in one instance, in the employment of a gentleman to locate at d lay out the Blue Bulge Railroad, who was not a professional scientific engineer, and then the employment of Anson Bangs & Co., to build it. ] lepeat that the State oi Nc\v York acted wisely, and so will out Stat", if she follows her example. Mr. Trcnliolni is mistaken in supposing that the English Committee came oyer to proffer stdditioi.nl loans to disctnbanas the New Yolk r.i(. fV.ti!t,?n.v._ *1 lie tir.lh is this: 'J hat company Went titrable to pay rhe interest on -t!rcii?- 16im!s. The English bondholtleis became jihutnudviimd siriit-ngoi.ts over be re to invefti~Ta"i iTTnatiV; Sp ^CTTiT^.'cilrirtii.y- igV'.f^u'V | if their debt could bo seemed by it. They found the Erie llailroad and its concerns in ?i eat confusion and embarrassment. certain b'Otidholders having commenced proceedings against them to enforce the mortgage trust,and a receiver of the property was appointed. 'J lie English creditors went away without doing anything, and the nia'ter is not yet settled. As Mr. Trenholni has shown himself to be so liable to onorsin setting forth and criticising inv statements, it is nothing but fair that 1 should examine his figures and expose the errors into which he has fallen. Mr. Trci.holm states, with the utmost gravity, that the Engineer's^ estimate for the com. ? 1 }\Ar*.x /%#?,! t'c c/ivi.tt I Ml ' I I'll U| llll- Jilltv- IWIIIIWMU .w . millions neveli hundred :ii:il tweiily-fivell.oinaml dollar* ($7,725,011',) when it i?, in fact, eight millions six hundred and uiiicty-otic tlio?:.-sim.I six liuin'nil and seventy-seven dollars ($8,010, C77.) 1 C]i:??tc from Major Gwv tin's lilne Iiidg'* Report, 1830, page 1G, ami 1'ioin Judge Frost's i:< | nit, 1S58, I age 18. Mr. Trenhoim, like a dsspeiate-killing mar, is willing to gimp at j lian'oiiis; lie kl.ows that the public have to tin lidcncc in I lie enterprise, ai.d will not supply i.otlier dollar of individual capital, lie knows as well as I <!n tl:at the State of Tennes ec I.as liirni>in d no si.listatitial aid? notliing Init a loan?and, in dcspciatiun, lie makes the iiest exliiliitioii of affairs lie possibly can. to prove that tlie State of South Caiolina nan do : wl at no other State or set of men have ever dio.i. ? that is. huild a hadlv located railroad tlnoughn mountain countr;, oi:e hundred and ninety live miles long, without niuitey or the risk of lo??. In oider to make as good a showing as possible, he sets out with figures cot leal, hut such as will suit his purpose. lie leaves out Mr, Gwynn's estimate of nine hundred and sixty-six thousand dollars pi9GG,000) for machinery, which everybody knows to be as essential an element in a railioad concern as the iron tails of the road, or part of the establishment that money must be provided to purchase before the mad can woik, and properly belongs to the estimate of cost. As it s-ems to be so necessary, in order to holster up public confidence, to prove that miracles are 10 be performed in this great cti erpiise, it is sut prising that some of its friends have not set up the plea that it is unnecessary So add the co-t ufiiun ifiil.s to the estimate. Mr. Trcnliolm, in another part of his letter, makes the bold assertion that up to the failine of I'm gs & Co., "not a dollar had been wasted or lost in any way whatever." 1 have often stated in private conversation that the JJitie llidgc Railroad Company had lost, in one w ay and another in the first three years of itsoptra1-v.i.c l.vitir. loiiiiliu-iiient of Anson jhniffs <fc iiwiit I ^??.v ^ '"I ' * c: ('<>., their failure and after consequences, at least. a million of dollar?. In the. absence of j.ositive information on the head, which i< of neces-itv kept from the public, we are obliged to re- ort to presumptive evidence. No one ! blames the I'residcnt or Engineer of the road j for withholding from public view such facts, | nor am I disposed to blazon them forth in the. i public journals. Hut when a director of the j concern, who iB presumed to be familiar with all the facts, steps forward to hold up opinions | that I have expressed to ridicule and contempt, it becomes necessary for me to defend myself And, however unpleasant it may be to bring to view, or disparage tbc efforts of a friend who lias passed away from the scenes of earthly action?an honest, true, and faithful man?I am bound to say that the Bine Ridge Company employed an Engineer who hud not the advantage of scientific education, and who was utterly unfit for the task of location and building a complicated mountain railroad?or for the management of such an adroit set of sw indling contractors as the Blue Ridge Company represent Anson Bangs <fc. Co., to liave been. Now, notwithstanding Mr. Latrobe's exainmination and report, form information that I have gathered from engineers on the work, and those who have spent much time about, it, the Maj. Gwynii hud t.-ikcn charge when the work ;i was commenced, lie would have saved the Com- n pany, l-y a more judicious location, fiom four 1 to five hundred thousand dollars?sonic esti- v mate it much higher. I>ut I am willing to c throw this aside and take up facts which have i; transpired. It is an opinion, however, that I ] have a right to express. r Mr. Trenhulm lias certainlv forgotten tliat u the Blue lltdge Company have just come out a of a very vexatious and eostiy lawsuit with v Anson Bangs <fc Co., in which the Company c attempted to show that Bangs <L* Co., had swindled them. One might come to the r on- ;| I elusion, from Mr. Trenho'ni's letter, that 'Vo/ ii iiolinr wax io.\i" in tins suit at law, ami ( that the chatgos against Dargs & Co. me altoget her untrue. j With a memory so treacherous, Mr. Tien- ?. holm should be careful how ho writes or speaks ( on such grave matters, implicating the inlegri* j ty ofother met*. 1 Justine he also forgets t what Maj. Gwymi said, in his Deport of ]yoC, c ahout the woik that lkiligs& Co. hail done up v to the time of their discharge. They had , worked out of solid toek one hundred ar.d six- | teeti fe et of the Stump iJouse Tunnel, and had perlbimed the woik in sttch a bungling man- v tier "as to exhaust nearly as much time, and , require marly as great an expenditure of ' money to enlarge and trim it into shape, as would have been required for its entire cxcava tion." (See Gwynti's Ilcpcrt. 1S5G, page 0.) ' According to Mr. Tretihohn's statement, not a dollar was lost in that operation, although ' Dai gs & (\\ have bee i paid within ten per. cent, of the full amount of work done. In Mnj. Cwynn's report, Kcvjubcr, 18?G, ( he states tl at the work which Anson l'args & Co. had done, ami the compl y had paid for. so far as time was concerned, had not adcaticed , the woik towards completion a single day, j although it had been goii g on three rears; , and tiil'.e lias since proven that much of it was . 1 . -I ..-5.1 r... U..? I.f.i'nrn is w.-ic need CIOIH' ?li:tl J'HHI I'M II"; Jv.ua mv., cel. The loss of interest, ?t seven per edit, on a halt' million, for four or live years, is nothing ' ?urtmi/li/ uollnnf/? where the H-o/e's Viomi/ is to be expended. Anron liorgs & Co. went away indebted to the Line lii.lgo Company twenty-eight thousand five liiindred doliais, for money advanced, leaving no other security but | the stock and bonds of the company. Let me ask Mr. Trenholm what, he will give for that debt? and whether there is i.ot a loss of a single dollar there ? Any estimate of cost hevond what is stated by the Engineers, must of necessity be presumptive? based on past experiei ce, and the failure to appioximate to cost in other I instaiu es, whcie the v.oiks have lot been j more complicated than the one in question. I So may it be said of losses and waste of mo ; nev I v Inbloat :gcii.el:t; n utters are l:ot i usually ret foith in i(.ports of Presidents j ml ; Kiigincers. Indeed, it I were the President o! 1 a Kind that had to he built on credit, I should j cashier an officer tor making such (xposuies. j and it should not he expected of Mr. Ticuholm , a J )irector, to bring disci edit on the Ccmj :?i v I l?v milking exposures of mismanagement, and I conscuuont losses; and, were he not so positive j in his assertions, and jo harsh towards others j who d.ffer with him, wc might make inany i allowances. | That the Blue llidge Conifj^iy have lost i! hfrgelv hy the contract with, and (jitter failure moderate estimate. Irerollect wel', in 1$54, how positive Mr. Trcnliohti and others were about the ability and practicability of Bangs d: j j Co. to rairy out to compktion this enterprise. I. j They were impatient almost to rndeness to- < i wards those who expressed doubt nt that time. * It was then a private enterprise, to te aceom- v plished with !:?. furtlier aid than a iniilion of ! State subscription and loan of a million on ccr- J tain conditions. Now, on the pita of rassment glowing ont of the failure ofllargs A" : (.>?., thtv ;ue nimble io comply v.ith the con ditioi s alt; died to the lon.it at d openly admit . that million? more will be repaired from the State, and she must he come principle owner of the wo;k, or lose all that she has put into the J concern ; and yet .Mr. Tiei l:o!m states that, rp ( to the (ailnre ol Jiangs iir Co.. "not a doll; rlmd J i been lost in any way whatever." As my csli* ( mate?, or predictions, about the c< at of the j Jllue liidgc Hailtoad runs sotr.ewlat ahead of the engineer's estimate, I will undertake to elabotate this point. In the first place, tlu-re ' is scarcely a puhlic work on record, so far ( tny reading e. t-nds, that has not exceeded the ( tiist estimate?. 'J he South C: rolln.i Knilroad, ( .. i...!. o.Mi.iili.tnil ;'n(|... PtiihniiliCil. with a new coat of iiou 136 miles long, io>l millions, ai d | xvj.sfo'd i'or-two and a 1. a 11 mi lions of dollars J Tliey have aildid 104 mile.-", n .i\in_'240 miles ( of road, in a Hat country, with only four In id- ( ges on wooilen legs, and that company liave ( invested in property seven millions of do'lars, and are 1 c.t fully teady !or woilc yet. Wlio would have believed when tlic road , from Charleston to Hamburg was sold to tlic Cincinnati Company, tl.at idi:r millions and a ' half mere would have been cxptudid in adding a road to Columbia and Camden, and making the i ecessaiv outfit? J'or tie 1 Charleston and lim ning Lend had only 10.-1 j 1 its origii al prnprictots for building and re- j 1 htiildii g. ai-d rc-itoiiii g, the si.111 of two mil-1 I ions of dollars. I, The Centrel ILiilioad in Georgia, through a , level country, cost eight millhns and is not . ready vet to accommodate a large business. 1 The* estimates tor pitting CratiitoM'lle in 11 operation, was two bundled thousand dollats ( (t200,000). Knowing bow apt men were to be j deceived l?y estimates, I insisted on raising three hundred thousand ($300,000). We had , fine stone walls built alidad materia'*ft u d by j the contractor for lour and a half dollars p.jn) , a perch, and made all our lumber at a cost ot ^ four to four and a half dollars a thousand. , Canals and e.'.nh Imnks at eight cents a yard, j Exercising nil possible economy, the establish- . I liieiit 1 ost Indole it was ready to work, two hundred and ninety-seven thousand dollats ( 1-07,000), and to put it in its j rer-er.t complete state tlie cost lias tun up to three hundred and forty-seven thousand (5347,010). llow often do we sec the arcl i eel's estimate for building churches, co.lt ccs and ?tlu r public i building*, tall short ol ltie amount necessary to , complete such huildirgsl 'J licic is scarcely a respectable private dwelling: erected anvvuero i that lias not i <?t a sum far exceeding tlie lirst' estimate; ai d to pionc have 1 lonnd the most' skilful builders to err in their estimate of the j j qiran*ity of material required to build a dwel-' ling, that I have set a rule to work hy, and ! advise all who consult ine toadr.pt the same;' that is, after a builder makes out his Mil for i lumher, bricks and other materials, just add i twenty-five per cent, for the waste, then j fifty per eent for the whole amount, and the ; result lias generally been, that when the work ' is drawn (o a close, there will not be material , enough left tobiiiid a hoii-ho;:.-.'. A-ring ac- j cording to these rules, ami ji.dgiag from long j experience, I cariy predicted a huge; outlay m: ' tlie State Capitol. I In I3iC, Vrhea I was a rnnufd'te for tiie ! Legislature, each candidate w as- tailed oti for I his views with regard to pitbirc policy. In { answer to which call 1 issued a minted I lar, in wliich 1 spoke of the Blue liidgc ctiterj pri-o as oite that would end in disaster; I spoke ! also of our lolly in the coiuiiienc-emeyt of such ml predicted that it would ultimately cost ? uilliou and a lialf if not two millions of dollars. L'iic circular was popular, l?ut that portion of it i llicit related to tlic State Capitol was considerd a wild and extravagant prediction; some of nv friends advised me to suppress it as far aaossible and have a new one piintcd. Simply educing the probable cost to the Capitol to a uilliou or a million and a half, I did suppress it s far as possible, and had a new one printed ritli the proposed alteration; even this was or.sidercd an exaggeration. I was met on the stump by a candidate, then member of the Legislature, that so denotincd it, stating that he was on the State Capitol, 'ommittce. and knew that the cost could not reecd eight hundred and set enty-five thousand lolluw (5875,000; and that the Bank of the itatc would pay out of her profits every dollar fit. What has time developed? Including he three hundred thousand dollars wasted by lie first Commissioners, with tile interest paid iti the State Capitol Bonds, issued for that roik up to last November,the State had expended on the work over'two millions of dolars (2,000,000). Four hundred thousand' dollars (5400,000) veto appropriated by the last Legislature, and irtir hundred more will he called for next wine'r, and the roof is not yet on the house. And-' et 1:0 man pretends to doubt the integrity, raeticability, or scientific skill of our architect, it- distrust the fidelity and good management if the Commissioner in charge; yet all men m;st have come to the conclusion by this, iiuo, that the cost 'of the State Capitol is to .'.\ccih1 the largest estimate of the architect, wo millions, (> 2,000,000) fully fifty per cent. Some of the most eloquent pleaders before ibc Legislature for State aid for the Blue Kidge Itailioad, who now tiy to show that the Bankiif the State is able and willing to pay the I ends (principal and interest) which may be issued lor* that work, were foremost in the ranks of the anti-Bank party in 1M8 and 1850, ;ii:d were equally as zealous and powerful in [heir appeals to the Legislature to prove that the Bank of the State was rotten to the core, and that for every dollar which the Batik professed to have paid of the publie-^ebt, the State had furnished her with two dollars to pay with.. Such men cannot be regarded in the light of tatesmen, but mere politicians?special pleaders. In the absence of a wish to create distrustful doubts in the minds of men with regard to all estimates for the cost 01 public works, or .or a moment to distrust the well known skill ' ^ uf iiaj. Cwynn, who has charge of the Blue Kidge llaiiioad, 1 think ali pmocnt iucd ought to icok loiwatd to a much larger sum for the completion of this work than the estimates of its sanguine and anxious friends. The subject of taxation is a matter of deep interest to us all?it is one of great complica. .... ---1 ; 1 - 1?i.i .1:? tic!', itU'Ul WHICH W? IlliiV HUiU UI?UUl<??,lvlli1 till doomsday without arriving*- at satisfactory conclusion::. High or low taxes must of neces? * .. site be governed Iw the profligacy or economy *''. *.* oi our rulers. ' . \ The reckless and extravagant spirit-manifested of -late years in South Carolina, is-certainly calculated to alarm all reflecting-men.,. Millions of dollars in State bonds are now placed 4 at the fingers' end of our politicians, to be arge class of our proiniut-iii men as a'.J^ n er, that was sooner or later to bankrupt tn& state?an institution, which a large majority >f our people 1 bought as a measure of public afcty, should be wound up in 1870, is now minted to as our guardian angel, under whose vit *? the Slate inav safelv shelter, and be I?*t , . V IT.i.iuvd against tie (ml atrassiug difficulties lint oi r politicians arc warned against, by .lose v. ho aie looking forward and see storms i!>?I breakers abend. 1 Live looked at the Blue Ridge enterprise ti all its injects. I lave i oiling to move ne, t.othiig to bias my judgment for or nvaii.st; have never been so suited as to aspire 10 the position of C(.itivritxiou Ayvvt to nil 'It b'ji.ur, i.r pmc/iost the iron; am not the iwhier of any mountain land along tlie line of load, 1" be enhanced iu value by its extc-r.sion; I am not a sto< Holder in the Greenville Railioad, or any other railroad that will be a recipient of income from frciglit or passcngets to L'ur.c over the 1 line Ridge Road. I reside on ane side of Edgefield, where I am so far out I'l the way as to be beyond the reach of persuasive pleaders, who arc able to show that the eomjiletion of the IjIuc Ridge Railroad will i:\ate branches to pars bv the doors of many uf our leading men living on the extreme sides nftlie District, as well as in the centre. Allow me, in conclusion, to say to such men. ihattlic State will never consent for that work to be tapped by a branch leading towards Augusta, and away from the Capital of South I'nioliua. And it would be positive treachery ?-? lor tli'c-c who control the Elic Ridge Road to illow any toad to connect which would car* iv the trade away from that bond, thus paralyzing the interest of a large, class of influential men?stockholders in the Greenville Kail road - who have labored to faithfully for State aid lo the li'r.c Iiidgc J'oad. Ard now, in con Ittfinri, let tne say that Mr. Trculiolm is like dl other advocates for State, debt. lie brings forward the State L'ank, wliieh is to hold us a:inh?=. That institution will have quite tmougli to do to pay out of her profits the principal and interest of the State Capitol llnnds, and which is as much as her most sanguine friends can expect her to perform duing the rcxt thirty years?quite long enough ihead to anticipate the income of an institution that may he wound up long before the tin e expires. I uviiil.l snerrptt tlmt we have oroicc * ' I ? # 4 led railroads through many sections of our State which are to he built with private capital, intending only to ask the State to loan her hmnls for as much as will purchase the iron rails; bonds which will he secured bv a pledge of private ptoperty. and which will be paid without a re.-oit to the Dank of the State.? South Carolina will be far better employed in that way that: exhausting Iter credit by building railroads in Georgia, North Carolina and Tennessee. Editors who have published Mr Trenhohu's letter will, I hope, do me the justice to give place to this reply. * Verv respectlnllv, WILLIAM GREGG. Charleston Mei curt'. Jt'lv Dividends.?The Charlottee and So. Ca. Railroad, ?4 per share. The Commercial Dank of Columbia, S. C, 81.25 pc" share. fcvcSia Hank of Columbia, 81.i.5 per share. Carolina Kn:!ro:ul?f2.50 per sharo r.:: r.I.I --tot.1:, M.75 <r.J new ftocl:. S..riti;v.-c:rc:n iluilrc-::.-! liasik ? cents per J!n!:k of O.sniiea, S. C'.- c2 per suacev '!! (. IVoplc's J>ank?S4 persfcty?, tied an extra divxci d <u . The Hark ot'Charlotte, X. C -?,?4 per sharo payable 4til cf July.