University of South Carolina Libraries
Tits Prsss and Bsaaert A-bbeville, Si Ck W. A, LEfe, Editor * >"? .i j : Wednesday, July 29,1872. kriUS.?'Threo dollars a year, in ad fence. No subscriptions taken for a shorter f me than six months. Transient advertisements are charged f>r at the rate ot One ^Dollar per inch pace for the first insertion, and Fifiy Cents for each subsequent insertion. a liberal deduction from the above fates is made to persons advertising by the quarter or by the year. 4QT All obituary notices and tributes Of respect are charged for at the usual rates of advertising. Our Agents in Charleston. The advertising agetrcy of M<\<jsrs. WALKER, EVANS & COGSWELL, represented by RQSWELL T. I ,OGAN, Esq., is the only authorised Plgency for this puper in Charleston, 8EPUBLICAK JfESTT^Q AT ABBE Vl'.f.F, Accordi^' to previous announce tacbt,n Republican meeting was 'helU'Gta Saturday last, and was ad . Missed by R. 13. IJlliott, member X>f Congress from this District, F. L. Cardozo, Secretary of State, and others. The procession was form ed about 12 o'clock, and headed by the Abbeville Colored Brass Band, marched to the pleasaut grove of Mr. J. "W. Fowler, near the Depot, where a stand had been erected, and where several hundred persons principally blacks> wore assembled to listea to the spoechcs. There ? of Allp WHS tk iliil buuv/it v* v townsmen, especially of our young men; and of the colored element, a noticeable feature wm the large proportion of the female persuasion, as if the women were pressing their claims to the ballot, and other masculine rights. The meeting was quite orderly, and in every sense of the word the blacks formed a very sober crowd, manifesting but little enthusiasm* and scarcely much interest in the proceedings* This we attribute iu $ great measure to the fact, that the speeches of Elliott and Cardozo iUyviw AAm WW# in loo matu auuto men wui? prehension, discussing as they did in an argumentative way, the polit ical issues now before the country, aud abstaining, for the most part,, from an appeal to the prejudices and passions of the hour. Ia this respect their specchcs were in com mendable antagonism to the tone and temper manifested by the only white speaker of the occasion?one BarfeSr, member of the Legisla ture from Edgefield, who sought to make capital with his new allies, by ? il- A. ?.? ftDUSlDg too most njHpuuiauie ui h!s own race. This is characterie tic of the new convert. Turning his back on old friends, and old principles, and associations, he "out Ilcrod's Ilerod" in their abuse, and by way of showing his fealty to his new allies, stickles at nothing in the way of protestation or profes sion. Congressman Elliott, is a thick set colored man, of dark complex ion, low statute, thick lips, and re ceding forehead, without anything in his countenance to indicate "the trauscendaut abilities," which Sec retary Cardozo in his speech at tributes to him. He is a man of good education and fair abilities, and speaks grammatically and sen sibly, and fluently, but with so much repetition, so much verbosity, that it requires an effort to keep up the attention, and follow him in "UTn rlianniaitirm imnn thfi bis JilO AV/U^. Mtwu ?| tory and principles of Republican ism. He speaks more like soma long-winded preacher, than a poli tician, and needs only a different subject and the formal divisione of firstly, and secondly, and thirdly and lastly, to make .the parallel com plete. . Ilis speech presented an elabo rate review of the history of Repub licanism, and was designed to show how much the party had dono to elevate the condition of the labor ing man, whether white or black. intnrflato ftf +V10 X1C OttiU VUUMgbttV ?UVV?VUVW V* two were identical, and were alike ^ fostered and protected by the Re publican party. He failed, how- ^ ever to advert to th? frauds and corruptions in the South which ^ backed by the tyrannous Govern ment at "VVashiugton, and by the strong arm of the military, have ftstened upon as the most corrupt government which ever disgraced a free people, and which is now weighing us down under a load of intolerable taxation, grievous both to whites aud blacks. It is the cry of the oppressed South, which is now ringing in the ear of the peo ple of the - North, and which is roasiug them to reform the party ti< in fit th bo tu ar j'7. . the interests of humanity itself, he movement is led by tlie Chief postlo of Republicanism itself, orace Greeley, whose honesty and ncerity cannot be gainsayed, and ho backed by some of the best ien of his party, now stands on le broad platform of equal rights, id seeks to save the co\\ntry from ic worst conseq.ue$cpa of military lie and official corruption. Yet prmhlirnnc nro fnTil flint". Groolov "v?. a renegade and lias sold himself > the Democrats. Nothing of this, reeley stands wlierii he has ever ood. Tho change if at all, has sen by Democrats. They have :cepted the Liberal platform and iberal Ticket; and are making a ;epublicau fight upon Republican sues?are aiding Republicans to urify the party itself. The speaker very wisely confined imself to national politics, and eored clear of the mismanage lent and corruption which call so iudly for remedy nearer home, 'e did indeed counsel the election t nonost men to omcc, auu as we ave beard nothing against is official or personal character, e will take it for granted that he sincere, but we would ask what :c we to expect from the re-election f bis present political associates, p of the ascendency of that polit al rule which has already nearly lined the State ? The speaker an ounceti himself a candidate for selection, and denounced the ef ?rts which had been made to in ire him by false reports ta the jntrary. Then followed Barker, the white lember from Edgefield, whose jeech was an appeal to tho preju ices and passions of the hour?tc \n onfinntKiao r\f nrtln* avirl nnndi. **!-? n^uniiivg V4 W?V4 VVMMk on. A man, without education ad without information he wae >rced to play this rolo> or not )eak at aU. As a sample of his loderation, we may quote hie jmark, that his only complaint oi :rant was> Jttbat lie did not send xe troops quick enough,"?whilst is lamentable want of taBte and ood morals was shown in his sac jligious references to church com lunion and Christian fellowship, le was for making the party a lose corporation, and not receiving ew members until after a strict rotation* F". L, Cardozo, Secretary of' State, raathen introduced, and made s ery conservative speech., The Secretary is quite a handsome- eol red man, of light complexion, and pen countenance,. with, a stout, urly frame. He has a pleasanl oice and polished manner, and is mau of thorough education The burden of his speech wse ae attempt to show Greeley's in insistency in now consorting with democrats, and of the Democrats i cn.nnrvrtincr firpplor TT<* ronrl * ? Vk 4 VV1 VJ AAV i VMM opious extracts from the Tribune, lowing Greeley'8 former opinion f his new allies, which even il 'ritten by the old sage, might be a jason for driving Democrats away om affiliation with him, butprov i uothing against the consistency f the Philosopher. Greeley per aps has changed his opinion of is old opponents, and perhaps has ood reason for doing so, but so ir as we have seen, has falsified no rincipleof his past record. Times ave changed, new circumstances ave arisen, and the Democratic par p.- Vv/%m n /% ?\\ /vrlft (a/1 > f/% 4- V* r\ vw y uua ui'uuiuiJiuuuicu i iscii tu tiiuui, 'he missiou of the Republican arty in tbe past has been accom lished, But with victory hag omc the sway of the military ruler, udthe corruption of long ;^cial ale, and to rid the party of the acubus, which now ^ests upon the ountry, Republicans and Demo rats are now joining bands and laking common cause. Ncithei } open to the charge of inconsi6 sncy?for neither has reuounced nythiug which is essential and istinctive. The speaker was very liberal in is invitation to all without die nction of color to enter the Ke ablican fold, and insisted upon onesty and capability, as essential jquisites to office. He deferred le discussion of matters of State 1 * 1" A VI Am 1 Mftf! f\T> Q DllllCS, UUIII illlCI IUC uviiiiuuuvtie f candidates by the Convention to leet in August. Then followed Jefferson i a few remarks, after which the leeting adjourned. Rain and Crops.?From all sec )ns of the District, wo havo cheer g accounts of abundant rains and 10 growing crops. A friend from e Savannah, states that the cotton ills have doubled in size in the last ro weeks. In somo sections they o complaining of too much rain Grant Interviewed. A correspondent of tho New York IIcraM has recently inter viewed tho President at Long Branch, and finds that ho takes a very cheering view of the situation. He thinks it "altogether lovely." In North Carolina he is snre of a good majority?in Pennsylvania, he regards the prospects as excel lent?and is morally certain or carrying the State of New York? talks of the ofi'ectof the documents about to be circulated?charges Greeley with hostility because he would not appoint his worthless friends to office, &c., &c. The acuto Herald is disposed to receive the President's statements with much allowance?thinks Boutwell is doing him no good in North Carolina?thinks he may be be mistaken as to Pennsylvania and New York, in which last State Secretary Fish is doing but little fn" +li? of! miuictrnfirm Mnfl nfluisOR him to write a letter recalling the minister to Spain, as an excel lent campaign document. As presenting a contrary view, Governor Brown expresses the opiuion that with proper manage ment, Grant will not carry more than three States. "The Auxiliary Bible Socie ty of Anbcville District," will hold its forty-ninth anniversary on Wed nesday, the 31st of this^nst. The annual se/mon will be preached by the Rev. J.L. Martin, aud the ad dress delivered by Gen'l Sam'l Mc Gowau. According to the order of routine services will be held in the Methodist church. All friends of the Bible aye res pectfully invited to attend. R. A. FAIR, Rec. Sec'ty. Let QurET Prevail.?The New York Tribune gives some wholesome advice to the Southern people, to be on their guard during the present campaign, to avoid a.H collision between whites and blacks, Democrats and Republicans, as they may be assured that any petty dif ficulty will be distorted to their preju dice, and be used, as political capital by their enemies.. The Laurensville Herald adds some excellent counsel, which, though we do not suppose at all needed by our people, they would all do well to ponder: "The campaign may now be consider ed as fairly commenced. During its continuance there will doubtless bo fre quent meetings and speech-making by the opposite party. "When it may agree with the inclination of our citizens to attend such gatherings, wo will venture to suggest to them that they go to ljsten, but not disturb those who may hold and advocate men and measures at variance with the opinions they themselves may entertain.. Let no false charges of our political opponents provoko u? into an illegitimate or ill-advised controversy. The mere badgering or interrupting stump speakers is, nine cases in ten, only furnishing them with material for their harangues, and giving them a weapon that may be turned against the person 90 interfering. Such interrup tion? are precisely what the opposition desire?because, besides being an assist ance in the way of material for the im mofiinto oppnslon it affords them a I foundation upon which to build huge ti castles of persecution, or proscription, ' and charges against us of lvu Kluxism, riot, &c.?the very thing our opponents & most desire." h ?<> r The Political Piiospect.?The Bal , timore nominations seem to be received by the Democracy generally with a cor- I diality and unanimity altogether unex- n pccted, and Greeley and Brown will c doubtless receive as strong* a Democratic ^ vote as any other ticket that could have * .* been nominated. Even in Pennsylva- 0 nia, which is noted for its uncompromis imr adherence to nartv. the Democratic i15 press without exception are advocating the cause of the Baltimore nominees. The accessions also from the Republi can ranks is quite encouraging. Ami * the Liberal ticket, whilst developing great strength in Massachusetts, is thought by well-informed Republicans as able to securc Illinois, Minnesota, Kansas and perhaps Iowa. The great j 11 lights of the party, men like Greeley,In Sumner, Trumbull, Schurz aud Tipton, i n are in the movement, and will draw J with them a large, popular following. Between the two tickets the people of the South have not hesitated to choose. This is natural. Th? dearest wish of their hearts is the restoration of peace, and the attainment of equality and in dependence in the Union. This the,p Liberal ticket offers, whilst the party of | 'I Grant is the representative of the bitter- j tl ness of the past, and seeks to keep alive p the hate and jealou&y which was engen dered by the war. Next Week promises more than or dinary excitement, political, religious and industrial. On Tuesday the 30th, the Republicans have their mass-meeting and speech making here. On Wednesday the 31st, tho Bible Society meets here with addresses from the Itev. J. Iv. Martin, and General S. McGowan. On Wednesday also, meets tho Meth odist Quarterly Conference. On Thursday, 1st August, there is tho nmof 'Rt.it Pimrl 'Rnrhomio ami Afnau Meeting at Greenwood, Lot our friends turn out to one and all. The District Conference of the Methodist Church meets at Abbeville on the 2Isfc inst., and will remain several days in session. The Rev. H. \V. Mood is the Presiding Officer. JCfiS" The Anderson Intelligcnccr re ports abundance of rain, and fine grow- tl ing crops. le De La Howe SciiooI.?Tho annual xamination of tho pupils of tho i)e ia IIowo School, took place on Wcd esday cvoning Iast> in tho presonce f tho tJoard of Trustees, and was ighly satisfactory to all and crcdita le to tho teacher, Mr. Aleclc Gibort. 'he institution is in a very flourish lg condition, which is due to tho ef )rts of the excellent Board and the orthy Superintondant, Mr. J. A. iamcy. Tho Prcsidont of the Board i tho Iicv. Jas. F. Gibert, and the Ycasurcr, Col. Thomson, and the resent financial condition of the in titution is especially duo tho skill nd foresight of the last named gen leman. 4^t The Tie-Xrc at Bordeaux.?We re rcquestod to state that tho Pic <ic at Liberty Church, near Bur eaux, has been postponed until next riday, the 2Gth inst., when it will ertaii ly como off. Tho young peo Ic are looking forward to tho occa ion with much pleasure, and wo trust hat their best anticinations mav be ealizcd. The finest of Savannah liver watermelons will be the crown ng attraction of the feast, and the ccasion will wind up with a morry an co. Radicalism.?Judge "Wright, of the iupremc Court of the State, in a late peech made before the Colored Men's invention, held in Baltimore, advised lis hearers to demand a fuller reeogni iou of their civil rights and a larger hare of oflloes, advocated a constitution-^ 1 amendment to make a foreigner com ment to become President of the United itntcs, and pitched into the Cincinnati ilatfornx extensively, especially the ourth article providing for local sclf overnment, which he said was a revival f the doctrine of secession. This last i but a sample of the spirit of the lladi al party. They object to the Qiucin lati platform as conceding too much to he spirit of liberty a^d, equal rights, 'hey would maintain a centralized mii tary despotism at Washington, and ustify it as necessary to keep the South n subjection. Yet this is the party rhich some Southern men would pre en t for acceptance.. Death of Judge Linton Stephens. -Our Georgia exchanges announce the eath of Judge Linton Stephens, at his lomo in Sparta, on Sunday, the 14th Qst., after a short illness. He was the oungest brother of the Hon. A. H. Ste phens, for a short time a Judge of the lupreme Court, and one of the brightest utellects and most honored citizens of Jeorguv <!> Town or Country.?The Abbeville )ebating Society discussed at their aeeting on Monday night, the question which is preferable town or country ife?" and decided in favor of the. town. Lret the poet says "God made the couii ry and man made the town." What ay our readers? The next subject for debate, is "which ?the harder lot, that of the sailor or the old.ier ? Recupekation.?'The Charleston News ikes issue with those Liberal orators fho, for political effect, are representing lie State as hopelessly ruined by Radi al misrule. The truth is bad enough, without exageration. The State has uffered heavily front fraud and corrup ion, but in spite of it all, she shows nmistakablo signs of prosperity from lie seaboard to the mountains. With onest and economical government, her rosperity is assured. Repuelican County Convention.? I. IT. Ellison, County Chairman, gives oticc that a Convention of the Republi an parly of the County will be held at ibbeville C. II., at 11 o'clock 31. on 'riday, the 16th August, for the purpose f electing five delegates to the approach jig State Nominating Convention, which leets in Columbia on the 21st August, 'lie Republican voters are directed to leet at their various voting precincts %\ I?i>wlnir Oil A tinrnef oiwl vntn fnv ix delegates to represent them in the Jounty Convention. o*??? ?3?" In the trial of Stokes, for the riurder of Fisk, the jury could not agree pon a verdict; there being eight for lurder in the lirst degree, and four for nanslaughter in the third degree. The udge discharged the jury and ordered liat Stokes be remanded to jail without ail. ? 4{> ? Tax Returns.?It will be remem ered that the Auditor's books will be pen for receiving returns of personal roperty only until the 20th August* 'ax-payers should attend promptly to j lieir duty in the matter, and avoid the enalty for not making a return. Col. Aiken has been delivering grieultural addresses throughout the Itate, which have received very compli lentary notices from our exchanges, le has been very successful in promot ug agricultural organization, and lias een doing a great public service. Bee advertisement in another olumn of the great Mass Meeting and barbecue at Greenwood oil the 1st Au ust. Distinguished speakers are ex ected, and the occasion promises to be ne of great interest. Let all turn out nd lend aid and comfort to the great rork. North Carolina holds its election 11 the 1st August, and here are heard ?e first guns of the Presidential cam aign. Both parties are making great Sorts to secure the victory. Express ig our fears to Col. Cothran 011 his rc lrn from lialtimore, he gave us the ratifying assurance that brains would ( in the victory over patronage, and: lat the Old North State is safe l'or Gree-, y. ' Meeting of Tax Payees op Coke bury TowNsmr.?At a meeting i tho tnx-payers in Cokosbury Tow ship, tho following resolution w: unanimously adopted: Resolved, That wo rccommcnd th one-fourth of a mill bo assessed tho gen oral tax for the benefit of tl freo-schools in tho township. Soeretary. TEMPERANCE NOTICE. Editor Abbeville jVrasn and Banner : Will you please insert in your pap tho names of Officers for the ensuii term of the I. O. G. T., viz: J. Wash Boyd, w. C. T. 11. W. Cannon, W. V. T. S. C. Cason, W. S. W. I.JWestekvelt, P. W. C. T. A. O. Langston, W. T. E. Westfield, W. C. C. V. Hammond, W. T. See. M. P. DeP.rchl, \V. M. Jno. A. "Wier, R. H. S. C. W. Cason, L. H. S. Very respectfully, 8. C. CASON, W. Sec'y, ? o ? Manual of the American Bin Societv.?"We are Indebted to the Ri E. A. Bolles, the well-known and el eient Agent of the American Bible fc ciety for South Corolina, for a copy the Manual of the Societv. containi a sketch of its history, principles a operations, with other interesting inf< mation pertaining to the Bible cause general. The extent of the operations of t Society will appear from that tlie sta uient, that the Society has issued in J ty-six years 28,780,909 volumes, and tl during the past year it issued 1,100,? volumes. The receipts for the ye have been $089,923.47; the paymei |$020,379.88; of which last $242,727 have been expended in gratuitous wor The past history of the Society prov that it lias been a great agent in t work of modern civilization., It strictly benevolent and^unsectarian, d tributing the Scriptures either grati tously, or at the simple cost of publi< tion. During the late war, more th 300.000 volumes weredistributed amo the armies and people of the South, a the work of distribution is still contin ed whenever needed. Barbecues.?Fic-nics and barbeei are the. order of the day this season. ( Friday next there will be a please neighborhood afl'air of the kind In t shape of a babecue dinner, at Bradle; Mills. Also, on Friday, there will another neighborhood gathering n( Gray's- Spring, on the Suakq Jto! where they are preparing for a fine to becue dinner. On Saturday, the 17th August, t good people of Clear Spring prop* having a nice barbecue dinner, forwhi ample preparation will be made. C people are determined to enjoy the selves this season. Dental.?Dr. Jno. A. Thompson 1 Abbeville on yesterday to attend t meeting of the State Deyta.l Associatit which wi,ll be held in Columbia to-di He expects to be absent until about t middlQ. ojf August, when he will pleased, to. attend to the wants of ] patrons. They will take notice a govern themselves accordingly. The friends of the Itev. 0. Porcher will be pleased to learn a letter just received from him, writ! at Montreal, Canada, that he is regaini his health and strength. We wish li a speedy recovery and safe return. BS5T" Rev. Paul Tropier, D. D., an e inent divine of the Episcopal Church this State, died in Baltimore on Frid; the 1-tli inst. TtfT? TWO PnXTVtfMTTOMS Theodore Tilton, in ono of t "Golden Ago" campaign tracts, tli draws a parallel between the Cine nati and Philadelphia Conventioi "Cincinnati, fresh from the peop initiated a long-needed movement reform; Philadelphia, drawing breath from the public offices, cla orod like claquers in a theater foi continuance of the administrati and the re-appointment of its fii thousand^ paid stipendiaries. Cine nati declared for the one-term prin pie ; Philadelphia was as hush as t grave concerning this contral a main-spring measure of civil servi reform. Cincinnati demanded tli our foreign policy should ask i nothing that was not right, and si mit to nothing that was wron Philadelphia forgetting this maxim Jackson, conuived at tho Alabar Hiirrendur. and jravo this i^nomii tho namo of honor. Cincinnati pi tested against elevating the inilita over the civil law; Philadelphia en t< tained itself with a picture of G'ra on horseback, as typical of tho a ministration which it seeks to mai tain in power. Cincinnati denonne the abuses which 'the government h feared to investigate; Philadclph was a pre-arranged mcchanism, su ordinating tho individual freedom its delegates to affect a unanimi which did not exist, by an cnginoi which itself was one of the chi abuses of which tho administrate has been guiltj*. Cincinnati was f universal amnesty; Philadelphia w for limiting this clemency- Cinci nati denounced tho distribution public offices among persons who hj given gifis to tho President; Philadc phia represented tho interests these givers and rcccivcrs. Cinci nati denounced nepotism; PhiJadi phia bandaged its eyes into blindnc to it. Cincinnati indicted tho Pre.' dent as a violator of law; Philade phia gave a sycophant's complimci to his practical wisdom. Ciucinna proposes to unite tho North and tl South on the basis o?liberty, cqualit and fraternity; Philadelphia dete mines to tear open afresh tho hcale wounds of the two sections. Cincii nati is for peacc; Philadelphia f< war. Fellow countrymcn, choo? between them!" THE GREENVILLE AND COLUMBIA RAILROAD IN COURT. "Wo are indebted to the Charleston News for a full report of tho astonishing exposures made in the case, at present pending in the United States Court, of Daniel ID. Scannel, of New York, against the Oreenvilie and Columbia Railroad Company. The petitioner seeks to ob tain a judgment of involuntary bank ruptcy against the Company. The New# remarks: The case is attracting much attention in legal and financial circles, us is not surprising, considering the startling nature of the revelations that have been made and are expected to be made of the past financial management of the company, it appears mat it uas iuuy been suspected or vaguely known that there had been some remarkable irregu larities, to use a mild term in connection with the aliairs of this company, as has been the case with all the financial cor porations upon which the political buc caneers who govern this State have fastened their itching and tenacious fin gers ; that was pretty generally under stood that there had been large over issues of bonds, and that sincc the con trol of the road has been obtained by the South Carolina Kailroad Company, a number of litigations, more or less ami cable, have been instituted in the Stale courts to find out which bonds are legal and which illegal, and eventually to furnish a basis lor criminal proceeding against the guilty parties, tu the course of these limitations, which are taking 0f!place in Columbia, ex-Judge John S. Green has been appointed referee to take testimony, and a large number of curious facts relative to the Bush-Patterson management oi me roi-.u un: wing unearthed. Now, however, Mr. Scan nel, of New York, lias brought the pres ent proceeding to force the road into bankruptcy and an assignee's sale, by the success of which proceeding it is evident that the creditors of the com pany, botli real and pretended, could only realize a percentage of their claims upon the company. This prospect has had the immediate effect of postponing, for the time being, all pending litiga tions, and uniting all the liouest credi tors with the ollicers of the company in opposition to the bankruptcy proceed ings. They reason that the road is still a good road, its late managers not having had the ability, ajuiougn uuuuuesa muj would have had the audacity, to carry oil'the track 01* pocket the rolling stock, and that if properly managed hereafter, it can be profitably operated and made to meet promptly all its legitimate lia bilities. As tb the New York holders of its fraudulent paper, they have very little solicitude or pity to waste on them, believing that their acquaintance with the similar devices of the Erie Ring, and their knowledge of the previous wiles of the carpet-bag railroad politi cians of South Carolina, should have ~/l tUnm V>?r fl,iu Hmrv ovptl if thflV M'UMICU. mem, uj .....v., are themselves free from collusion with the frauds, against burning their lingers, as they appear to have done. We giv.e the testimony in Court of Mr. W. J. Magrath, the present Presi dent of the Company. Mr. Magrath testified as follows: The President of the Greenville and Columbia Railroad Company at the close of the war was Mr. Hammett. .Mr. Bush succeeded him, and I succeeded Mr. Bush last January. The earnings of the road in 1870 were $430,341.58; in 1871 ?457,144.80, and during the first six I months of this year they have been $251,370.62. The aggregate expenditures during those six months have been $152,801.80, leaving a surplus of $93, 514.82. The earnings for the next six months may be expected, from the ex perience of former years, should, be greater than those for the past six months. It is fair to compute the proba ble earning for the whole of 1872asnot less than $500,000. The increase in busi ness in 1872 is owing to the development 1 J 1 of t*ie country, anu not mj any uuciueuuu cause. With the business of the road yielding $500,000 or more, there should 1)0 a surplus, after deducting the ex-: penses of operating, of at least $200,000. If the bonded debt of the company should be increased to $2,500,000, the sum of $175,000 would be required to pay the annual interest, and there would #IJ? still be a surplus of $25,000. The total amount of bonded debt of the company recognized as being valid is$1,958,032.13. Whatever other claims are or may be made outside of this amount are disputed : u-f ?i,n nnmmnp Thatamouut includes! | .7 - oi i all the bonds of the issue of which there 13*, is any record on the books of the com pany. I do not understand any bonds to he issued by the company unless it be recorded on the books of the company. I have reason to believe that other bonds have been issued. I know the corpora tion called the Continental Telegraph he Company. Its charter was obtained by one Hall, of New York, with two other 1 parties. The charter was then sold or in- given to Mr. H. H. Kimpton. * -it * * * ns . The hooks of the railroad company do ''cj not show any issue of bonds for the pur of"! chase of the Continental Telegraph Corn its pany, and contain 110 record of authority m_ given to any person to purchase it. At , a meeting of (he Directors, held on the 1 evening of January 1K72, a preamble Pn and resolutions were introduced by John ly! J. Patterson, reciting that the President in- (Bush) had reported a negotiation with I cj. the Continental Telegraph Company, I ] j and authorizing him to perfect the ne-{ jigotiation. At that meeting, however, | n<Jjthe road passed out of the hands ofj ico I President Bush and his Directors, and,; !^t, At tJie next meeting of tiio iioaru, u was; >orj found that the Presideut liacl made no | , such report, and the resolutions were j ignored. The lirst act of my adminis iC J! tration was to deny and repudiate any' off such transaction. J3y the direction of na|the .Board, I caused suits to be brought nv [against the former officers and Directors' / f of tiie company to secure the return of i ?"jany bonds that had passed out of the' I'.Y hands of tho company in that transac-1 jr- tion. Notices of tnose suits were served on Frederick Bush, J. L. Xeaglc, J. J.I cj Patterson, H. If. Kimpton, ZS'iles G.! ' " Parker, Joseph Crews, G. \V. Water-. n" man, Jb\ L. Cardoza and T. Hurley. I cd There were $oyi;,0UU of second mortgage as bonds issued by the executive committee ,ja without any consideration beingreceived I l (by the company. That whole amount "-I din not Lro to the Continental Telegraph | j (Jompaiiy. Kimpton himself and half ty a dozen other directors told me ?.'>00,000 y j of bonds was paid for that charter. jef | Then there is found on the minutes of j the board authority to borrow $00,000 I from J. L. Neagle, and give him SlbO, or 000 of bonds for it at 33* cents. Those as bonds went to Neagle, but the money n- never came into the treasury. I do not 0f know of my own knowledge how much ,; money was used to bribe the Legisla ' ture, but have been told by various di (l- 1 rectors. As to the ?000,000 of bonds held of by the Commercial Warehouse Coin n- puny, there is no record on the books of jj. any direct communication between that company and the railroad company for . any Joan C*" money, and I know of the 1 pretended connection only through their >1- own statement or demand upon us. The nt notes held by that company arc signed! ti by John J. Patterson as Vice-President, i j There is no evidence of any authority' j conferred upon Patterson to negotiate) Fj!such a loan, nor of giving him bonds to| r-|secure such a loan. The records show! id authority to furnish Kimpton withji n. I bonds, but only for specified objects, and), 1 principally f )r the purchase of supplies.! . .'There weie bonds in Kimpton's liamls - in New York, but not in the luinds of |anybody else in New York that I know' }f, except a few small amounts as secu rity for locomotives. If money were raised by the Commercial Warehouse Company, [ suppose it has gone to Kimpton, but I do not know that. Of the $1,500,000 of secoud mortgage bonds, there are $1,196,000 out concerning the issue of which there is no record in the company. The rate of interest to be charged by the Commercial Warehouse Company appears in their demand as thirty-seven per cent. The bonds in their hands were sold recently, and brought twenty-five to twenty-nine and a half cents. In his testimony President Magrath takes occasion to express his confidence in the ability of this road to work through its present embarrassment. He rofers to the case of the Sofith Carolina Road, the condition of which just after the war was, he holds, much more hope less than the Greenville Railroad is now. He says: The Greenville Road has now a good operating capacity. What is required to bring it into proper condition in all respects is an expenditure of $50,000 per year for the next four or Ave years. That would be quite sufficient. As to the $600,000 being required at once to repair the road, the engineers could not spend that amount on the road if you gave them the money. The present condition, material, business and profits of the road show that the earnings of the road would furnish a sufficient mar gin, after paying all ordinary expenses, and the interest on all the acknowledged debt, to put and keep the road in good condition. Its income for 1S70 being $439,841.58, for 1871 $457,144 and for 1872 $ 300,000, that is. sufficient data for the expectation that it will steadily Increase, except, perhaps, for one year after the complexion of the Air-Line Road, when its increase may be temporarily disturb ed.. XT its landed debt should be in creased to $2,500,000, the road could still carry that and keep its track In repair, and its equipments adequate, tor the transaction of business. When we took control of the road, we found it utterly divested of all present means and re sources to pay interest and do other things necessary for the road. The dif ficulties, however, were not hopeless, and only required time to enable the company to retrieve i ts condition. From the opportunities I have now- had to understand the condition of the road, I conclude that we will be able to resume the payment of interest on or before the 1st of next January. The road came under the control of President Bush and his board in April, 1870, and so continued until the 5th of January, 1872. There has never been any intent in any pay ments by the company to prefer auy one creditor over any other. Cross-examined by Mr. (jorbin. I do not believe that seventy per cent, of the income of the road is necessary to pay its ordinary expenses. I believe fifty j! per cent, is sufficient for the running 11 expenses and all ordinary repairs. The I records show (in the Superintendent's rI report for the last 'six months) that it has been run for fifty per cent, of its r earnings. I do not criticise Mr. Doda mead's estimate of sixty per cent, in his last annual report. He has a right to his own opinion on the subject. I do not agree in his statement that unless $4<i(5,OUO be obtained from some other source than the earniugs of the road and spent upon it in repairing and refurnish ing, its entire earnings will be absorbed for years to come. Kailroad superin- \ teudenta and civil engineers are gener- _ ally very liberal in their estimates?. I I think with him that $400,000 might well I hp sncnf. mi Him remd. jinri I would likeln. to luivc it to spend; also that tl;e work ought to bo commenced at orice; hut it is not necessary to spend the whole amount within tv few months. We did not pay the coupons on our bonds (ex cept the first mortgage hands) last Janu ary, and have not paid them this month. The company has not paid any dividend lately. The capital stock is $1,500,000, in 75,000 shares, at $20 each. Previous to my election as President, Mr. Kimp ton-was elected financial agent of the company in New York. I never knew what his duties were supposed to be. He appeared to be the President and Board of Directors of the company. I never saw any record prescribing his duties and responsibilities. Mr. C. D. Melton, Solicitor of the road, testified that he recovered from J. J. Patterson $21,000 and from Dr. Neagle $37,500, on Second Mortgage Bonds of the road, which had been received by them as their share of the price of the Contihental Teiegraph Company. There are 50,000 shares, which were held in unequal proportions. Both of these par ties told witness the whole scheme; there were $300,000 divided out among them ; Kimpton received his share. The charter of the Telegraph Company was sold by Kimpton, Neagle, Patterson and others, and among whom $300,000 in bonds of the road were divided. Mr. Trenliolm thought the road worth at least $2,500,000. He believed that the " . Pegs and Bridges, " Strings, at LEE & PARKER'S. July 21, 1872, 15-2t HE undersigned lias associated with him in the Fire Insurance msincss, JOEL S. PERRIX, Esq., un ler the name and style of DUPRE & pkiuux. Wo represent a Capital of Four Mil Jons Dollars, and are prepared to issue ill kinds of Policies. Apply to J. F. C. PuPre, at No. 3 Weite's Block, or to Joel S. Perrin, Ksq., Law Range. ' NOTICE. July 3, 187?, 12, tf J. F. C. DuPRE. jmmm j*j T" "'md^df^mdUmmrmarnd aANDRETHS' HEW CROP Pump Seed, nbracingthe following varieties. urple Top Yellow Buta Baga, Large Norfolk, Bed Top Strap-Leaved, White Globe, Yellow Aberdeen, [anover and Flat Dutch, For Sale, by White Brothers. July 2-1, 1872,15-tf MILES' SHOES. * UST received MILES'< SHOES, sizes from 1 to 6 at the EMPORIUM OF FASHION. JuJy 25,1872, 25-tf ~~ GROVER & BAKER. .... - - [F YOU want a real good FAMILY [ SEWING MACHINE, go and buy io of GROVER & BAKER. Agency ; tlie i EMPORIUM OF FASHION. July 25, 1872, 1$?It DEHTAL NOTICE. [WILL be absent from my office un til about the middle of August. JNO. S. THOMPSON, D? D. S. July 24,1.872,15-tf ?alaabie Land FOR SALE. E" WILL sell to thfl highest bidder, on SALE DAY IN lUGTJST, 29 Acres*o? Land, lore or less, half milo from the pub c square, known as the McLAKEN ;ANDy bounded by John A. Calhoun,, nomas moraaon, ana oiuers.. TERMS CASH?Purchaser to pay Dr papers and stamps. Mn Knox & Co. July 17,1872,14-3t regetable Life Imrigorator or JEALTfl RESTORATIVE, for "J the cure of Dyspepsia, Fever nd Agne, Nervousness, Depression f Spirits, General Debility, Liver omplaints, Loss of Appetite. LEE & PARKER. July I6lh, 18T2, 13-2-ur For County Commissioner. SSU The many friends of W. Y. >AVIS announce him as a candidate >r the office of County Commissioner t the next election. ^ For Sphool Commissioner We are authorized to announce Major OHN P. OSBORNE, of this town, as n andidate for the office of School Com lissioner at the ensuing eiectiou. j!fessrs. Editor8: Please announce AMUEL CARTER as a candidate for lie position of School Commissioner at Lie approaching election. 'or Solicitor of 8th Circuit.. The friends of WM. H. PERRY, !sq.,of Greenville, announce,him as a road had been grossly mismanaged, but should be profitable. Mr. C. H. Simonton was next called as a witness for tbe defense, and testified that he attended a meeting of bondhold ers of the Greenville and Columbia Railroad Company, which was held at Columbia last month, and at which Dr. J. L. Xeagle oflered to take a lease of the road for ninety-nine years, put it in thorough repair and guarantee to pay the interest on the whole debt of the road, disputed and undisputed. This offer was guaranteed by Mr. Branch, of Augusta, whom the witness knew very well, whose credit stood very high, and whose guarantee would be taken for a very large amount of money. A Railroad Mass Meeting "SyS7"ILL be held at Greenwood 1st of W v August next, to which tbe ladies and the public generally are invited. Addresses will be delivered by Generals J. 1). Kennedy, A. R. Wright, Butler, Gary and other distinguished gentle men. July 24, 1372, 15-lt. Zachery's Improved and Gen uine Buncombe Turnip Seed. At LEE & rARKER'S. July 2o, 1872, lo-2t Old White Hat Bitters, Genuine and Pure, at LEE & PARKER'S. July 24,1872, 15?2t VIOLINS. Violin Row?, " Tail Pieccs, andidate for re-election, jis s^oncuor or lie 8th Judicial Circuit at the ensuing lection. The friends of Mnj. JOHN B. IOORE, of Anderson, announce liim s a candidate for Solicitor of the IIGHTH JUDICIAL CIRCUIT at tlio usuing election. TKTajxtedL. DRY HYDES, AXD GRAIN SACKS. Wardlaw & Edwards. April 24, 1872, 2-tf J. KURZ, loot and Shoe Maker, LAWSON'S OLD STAKD, lEBEVILLE c. h., s. c. rSTAXTED. i.ooo lbs. DRY </ V HIDES for which the highest rice will be paid or taken in exchango ?r J5oots and Shoes. May 20, 1872, 7?tf alii Lift Insurance company, o p smphis, Temi., and Baltimore, Md ASSETS, $1,000,000. OX. JEFFERSON DAVIS, President. en*. Wade Hampton, Vice-President en. John D. Kennedy, General Agent for South Carolina. COLUMBIA, S. C March 6, 1872,46-Gm Turnip Seed. S.UTA BAOA, lied Top Strap Leaf. Early Dutch. Largo White Norfolk. Largo White Globo. Yellow Aberdeen. At LEE & PARKER'S. July 1, 1S72, 12, 2t Tobacco Antidote. At LEE & PARKER'S. July 1, 1S72, 12, 2L