Historical Newspapers of South Carolina

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THE DAILY NEWS. Knighting of the Sirloin. The Second Charles of England Rode forth one Christmas tido. To hont a gallant stag of ten. Of Chingford Woods the pride. The wind blew keen, the snow fell f J8t, And made for earth a pall, as tired steeds and ?n aried men Returned to Friday Hall The blazing logs, piled on the dogs, Were pleasant to behold 1 And prate!ul wus the steaming feast To hungry men-and cold. - With right good-will all look their fill, And soon each found relief; Wnilst Charles his royal trencher piled From one bugeyoin of beef. Quoth fiarles. "Odd's fish 1 a noblo dian I Aye noble made by mel By kingly ri.ht. I dub thee knight - SIB Lora henceforward be 1" And never was a royal jest Received with such "acclaim;" And never kui ch t than good SIB Lora More worthy of (he name. THE MJNK. OE THE STATE. Kt port of tlie Special Cimmlttec on the Liabilities and Assets of the Bank of the State of s oath Carolina. COLUMBIA, December 17, 1868.-The com? mittee appointed under, t?e following joint resolution : JOINT RESOLUTION. Resolved, by the Senate, the House of Repre? sentatives coucurrmtr, That a committee of three, to consist of two members of thc House of Representatives and one member of tho Senate, be appointed to inquire into the assets and liabilities of the Bank ot the State of South Carolina, and report at tho next regular ses? sion of the General tenably. SECTION 2. That sail committee be instruct? ed to inquire into and report for wbat debts of said bank the State is liable. SECTION 3. Also, to report whether the debts of said bank or any part thereof were created to aid the r?bellion, or exist in consequence of the rebellion, or are in any way tainted with the rebellion, so that the payment thereof by the State is prohibited by the constitution. SECTION 4. That said committee have power to examine the books and papers of said bank, and to summon witnesses and examine them, under oath, relative to all matters touching *Jie operations and conduct of the affairs of said bank: Respectfully report that a majority of tho committee met at the banking house, in thc City of Charleston, and proceeded to make tho examination, as required by the resolution. In an appendix to this report will be found "exhibit?," showing the condition of the bank in detail. These "exhibits" were prepared for the nae of the committee by Thomas R. Waring, Esq., cashier, and make part of bis sworn statement, with the exception of Exhi? bit "8," which, as will be seen, is simply an estimate prepared by him of the probable loss of circulation during the existence of the bank. Tour committee desire to acknowledge the courtesy and patience of Mr. Waring, shown during this tedious investigation. Exhibit "A" is a sworn statement of the con? dition of the bank on November 1, 1668, fur? nished by the cashier, Thomas R. Waring Esq. Ry this statement it will be seen that the as? sets of the bank consist of bills and notes dis? counted, bonds and other securities, advances to the State, real estate, &c. The promissory notes are almost entirely from citizens of tho State, secured by endorsement or by collateral securities. A large portion of them were dis? counted during tho war. The cashier says: "It is impossible to arrive at a correct estimate of the value of these notes; they are turning out worse than was expected." The item $584 97 on Exhibit "A" is the balance pf a pond Cf G." V?. Si-own, ? borrower under tho Pire Loan> Thia is ihe only bond of that class un? paid, Item $43,380 72 was the balance in the hands of the agent at Spartanburg at the close of the war. It was Confederate currency Item $1,012.124 08 is explained by the cashier as follows: 'Tn 1864 the Confederate Govern? ment reduced the value of-tho currency thirty three and one-third per cent., but each State , was allowed to fund one-half of the currency it held in four or six per cent, bonds of the government; the other half for the new cur* . rency. The amount ou this account shows what was surrendered to be exchanged for j bonds. . The bonds were not delivered, bnt we \ hold the certificates. The notes surrendered to be'exchanged were the deposits to tho ? credit of the treasury and the pnblic officers on the books of the bans." < Item $631,058 90 oi Statement "A," is made ? np of balances due bv sundry banks in this State. Item $13,30134 is made np of balan- > oes due by banks ont of the State. Item $8,- < 836 58 is the amount of cash on hand Novem- i ber 1.1868. ' Exhibit "B" contains a list of tho discounted < notes held by the bank. The cashier stated < that these notes were placed in the hands of < . . the solicitor of the bank, Isaac W. Hayne, < Esq., last 'August, fer collection. He also < says: "A considerable amount of notes dis? counted were destroyed at Columbia, as we j have reason to believe. They were <a the hands of the solicitar of the bank for suit, , whoso office and papers were burned, as we t aro informed." [Tois statement shows the list of discounted- notes at Charleston to ? amount to $728,779 47, at Colombia Branch , $263,96459, andat Camden Branch $186,16699, , making a total of $1,178,911 05. In addition ? there is an amount of $492,881 37, for notes discounted upon pledge of stock, making a , grand total or $1,608,792 42. The stock | Sledged enrwists almosr wholly of securities of ( ie Confederate States.] Exhibit "C" is a hst of notes, bills and bonds in suit held by thu bank, October 1, 1868. ? [The bills, notes and bonds in suit hold by the bank amount to $81,059.] ; Exhibit "JJ" is a list of individual bonds. The | cashier says: "Some of these are secured by | mortgage, a nd may be paid in part, but a con? siderable amount is supposed to bs insol- , vent." [The personal bonds held by the bank , amount to $45,594 43.] Exhibit "E" shows the amount of interest pardon six per cent, stock fjr Fire Loan. [This amounts to $1,947 32.] Exhibit "G" consists of advances made to the State for tho new State House. As soeur i tyfor these advances, the bank holds $121,300 of State six per cent, stock, issued for the building of the new State House. [The balance on this account is $119,278 49.] Exhibit 'F' ..tontaina a statement of the in? terest paid on the Fire Loan debt in London, reduced to currency. Tho item $42,208 58 on the "Debit" sids of statement "A,"Bhowswhat is due the Barings by the bank for these ad? vances, and is payable in sterling. The cashier states that "heretofore this interest was de? ducted from the profits at the close of the fis? calyear, but the profits since the war are not sufficient to cover it." This exhibit shows the account since 1865. The Barings paid the in? terest up to January 1,1868; and thev hold as secuiity for these advances ?31,200, bonds South Carolina Railroad Company, placed in their hands in 1863 or 1864. [The total amount of thia account is $88,678 38. J Exhibit "H" consists ot advancos to the 8tate for various purposes. The advance for subscription to the Charlotte and South Caro? lina Railroad is secured by 2704 shares in that railroad deposited with the bank. By this ac? count it appears that the bauk paid to Gov? ernor Magrath, whan ai rosi ed to be sen?to Fort Pulaski, $400 in gold, oa account o? bis salary. LThe amount of this acconat is $.53, 769 85.] Exhibit ^1" shows tho amo-nt advanced to the State for militan- contingencies in 1863, 1864 and 1865. With' reference to these ad? vances the cashier says: "Our books do not show what these advances were for. I think the pavments wera entirely in Confederate cur? rency." [Total amouut $997,382 25 ] Exhibit "J" contains a statement of bonds and stocks of incorporated companies and of the State owned by the bank, put down at their par value. Ou Statement "A1' they appear at what they coat. Part of tho bonds of the Wil? mington and Manchester Railroad Company, Greenville and Columbia Railroad Company and South Carolina Railroad Company are for interest funded since the war. [The par value is $730,943 36, including $122,000 of Wilming? ton and Manchester Railroad bonds, $114,000 of South Carolina Railroad bonds, $12.500 of State bonds. 1799 whole shares and 1799 half shares of the South Carolina Railroad, 600 shares of the Northeastern Railroad, and 350 share8ofthe Greenville and Columbia Rail? road. In addition there is ?31,200 in South Carolina Railroad sterling bonds held by tho Barings, and about $7000 iu coupons.] Exhibits "K," "L,'; "M" and "N" show the Confederate securities held by the bank. [Thu amount of Confederate four per cent, bmds J&eldby the bank (K) is $11,400; of six per cent, bonds (L) $60.1300; of Bevon per ce bonds (M) $807,000; of eight per cent, bot (N) $2,673,400.] Exhibit "O" shows the real estate owned the bank, including the bankin? bouse. [1 real estate consists of the banking houses Charleston, Columbia, Camden and ?bbevi and one tenement, one brick building, one and building, and one house and lot iu Charl ton.] Exhibit "P" is a statement of domestic change protested and lying over. [T amounts to 353,426 63.] Exhibit "Q" showB the protested foreign chauffe, [luis amounts io $5,997 78.] Exhibit UB" ?B a statement of the costs suit, ?sc., paid bv the cashier sinco May, 18 lt will bo observed that in this exhibit thon an item of $350, paid to Simons & Siegling counsel foes in a suit against the bank, this seemed a novel procedure to your comm tee, an explanation was asked for. In re9pon Colonel Gaillard, acting President, who v present, said : "T. Y. Simons & lt. Soisrlinjr represent soi "of tho Fire Loan ..reditora. They, as woll "the counsel for tho bank, have drawn son "thing for their fees. Simons & Siegling r? "resent Mr. Dawson, who is ono of tho largt "holders ol' the Fire Loan. Under tho impr< "eion that tbis would eventually be assess "on tho fund, and nuder the advice of coi "sel, afeo was paid Simons & Sioglinj. "moy bc called a retainer in advance, or a pi "ment of fees in advance. It was understo "that Mr. Da A Ron should not be bound fort "common defence, bub the retainer and sou "sel fees should be bound hy the common fur "not only as a matter of justic/, but of agre "ment of all concerned. It was so recoguiz "by the court. Chancellor Carroll declar "that the bank was authorized from the asse "to pav counsel fees for con due ti ns the d "fenced [The total amount is $3640.] Your committee saw and countod all the n sets in the bauk. Tn doing this they tom printed on the back of all the securities me honed in Exhibit "J" the following endore ment: "CATJTION. "This bond constitutes a portion of the a "sets of the Bank of tho State of South Car "lina embraced in the order of tho Court "Chancery of the said State, of the date "March 3,1868. in tho case of Dabney, Morgt "& Co. vs. the Bank of the State of South Car "lina and others, and cannot be legally tran "ferred except by order of said court, or tl "written assignment of Charles M. Furma "and Thomas S. Waring. "THOS. li. WAKING, Cashier." In reply to questions as to when and wt this endorsement was printed upon the socur ties of the bank the cashier said: "Thc ei "dorsement was pat upon the bonds OP tl' "18th of Angnst, 1868, by the direction of th "president and directors, tm 1er tho advice < "coansr;, Messrs. I. W. Hay ne and J. I "Campbell. The president being present wit "the counsel, I prefer that the reaso "rhould be stated by them." "The endorse "ment was prepared by the counsel, I. V> "Hayne and J. b. Campbell." Mr. Gaillard, acting president, made the fol lowing statement : "In reference to the cautionary oadorsemen "on the bonds and stocks, I would state tha "it was put upon them under the advice o "counsel." Question-"What was tho foundation of tha "advice, or what was the object of it? Was i "to injure the bonds or preveut their negotia "bility ?" Answer-"lt was to preserve tbe bonds ti "await the ruling of tbe Court of Equity ia th? "case of Dabney, Morgan & Ce. lu otho: "words, it was done to prevent their bein; "transferred or negotiated except nnder ordci "of tho court- and by written assignment o: "Charles M. Forman and Thomas B. Waring.' The liabilities of the bank in detail will bc found on the debtor side of Sta tern* nt "A.' With regard to the circulation, tho cashier makes the following statement: "On tho let ol "October, 1660, the circulation was estimatad "at about $825,000. We bad in the vault about "$900,000. These last were subsequently pat "in circulation. At the request of tbe "committee, I furnish an estimate of what I "think is a near approximation to the present "circulation; it is contained in Exhibit 'S.' "Tho estimate of lost notes may be considered "large. It is based upon tbe'long time the "bank has been in existence, tho large propor? tion of issues of one dollar and nnder, aud "the probable losses attendant upon four yearn "of war. I offer it morely as au estimate o? "my own. With respect to tho indebtedness "of the bank for anything connected with tho "war, I know of none, but such of tho issues "as nay have been loaned the government or "used in purchasing Conf?d?rale stock, and it "would be impossible to distinguish now tho " 'notes' that were used for either purpose." The profit and loss account consists of re? ceipts in issues of the bank for interest on notes, bonds, &c., and partof issues purchased. Item "Stato Treasury for sinking fand" is made np of the profits of the bank to 1865. Item Stale Treasury for loan for rebuilding the City of Charleston is the balance due on tbe Fire Loan debt of the State in Europe, ?109,000, and about $318,060 of stock in this Bonn try. In reply to a question, tho cashier pays ho "does not know what portion of tbe ?109,000 ls owned by tho Barings, and bas no means of ?mowing." He farther says: "The bank "had a considerable amount of bonds in "London and Liverpool, held as security tor a credit of ?20,000-an account, open "ed previous to the war with Ham bro & '?'Son and the Bank of Liverpool. These ac? counts have been closed, and all the bonds "brought over except those left with the Ba? rrings, as security for the punctual payment 'of the interest on tho State debt.'' Item $42,203 58 is the balance dre Baring Bros. & Co. for advances. Item $4528 is a bond gi von for ? piece of jroperty on East Bay, Charleston; tho proper? ly is described in Exhibit "O." Item $4.136,489 41 is the personal doposit iccoant. The cashier says: "These deposits ?vere to a great extent made during the var (al? most entirely). They .vere made in nothing tint Confederate money." Item $25,056 03 consista of drafts and checks outstanding between the parent bank aud the branches, at the close of tue war, in Confeder? ate currency. Item $28,520 58 consists of balance duo tho Farmers' and Exchange Bank of Charleston, md banks oat of the State. It will be seen that Exhibit "J" containsa list of the available assets of tho bank at their par value, which, in round numbers, may boputat about$900,000. Of course, it placed upon the mark?: now, nothing like this amount could be realized upon them. As an offset to these, are tho Fire Loan dobt of tho State and the bills of the Bank of thc State is? sued prior to the war. In dismissing this portion of tl. rr report, your committee cannot fail to notice two facia developed by this investigation. They refer, in the first place, te the fact that the bank is mado to pay counsel fees for the defcuce of in? dividual interests, simply becauae those mter esls happen to bo identical with thoso of tho bank. Dabney, Morgan & Co. ask that the bank may be restrained trom carrying out the act of 1865, which devoted the assets of thc bank te the payment ot the Fire Lian debt held in Europe. Thereupon, Mr. A. V. Daw? son, a lar^e Fire Loan stockholder in thia country, by his counsel, Simons & Siegling, joins forces with the Barings and tho bank to resist this suit; and tho bauk, by the advice of ita counsel, Messrs. Hayne and Campbell, paya Mr. Dawson's lawyers for defending his inter? ests. Your r-omtautteti fail to lind anything in tho order of the Chancellor of March 3d, 18a8, which would justify this proceeding, The Messrs. Hayne and Campbell ocenpy tue anom? alous poaitiouiof counsellors for tho bani; offi? cers and for "the Barings. Such a position doubtless has its advantages. Thc cautionary ondorsoment copied on a preceding page from the bonds which consti? tute the only available assets of the bank fur? nish a remarkable proof of .ae way in which these gentlemjn Lave sought to preserve the credit ot (to quote the .language of one of them,) "this most unfortunate State." Tliia caution waa printed upon the securities of tho bank by tho ad? vice of th ) distinguished cuuu?b!, Messrs. Hayne and Campbell, on tho 18th of August, 1868. lt w.'i3 evidently placed there in antici? pation of tho legislation which was afterward had. This aotion presents a tbrec-ioldaspsoc. First, it must be considered a duh berate de? fiance of thc General Assen i?ly of tho State, i Second, it waa intended to prevent the Stato, whose creature tho bank ia, from taking poa- : session of its assets. Third, its effect, if not . its intent, war. to seriously injure tue credit of I thc State. These securities eau never be ne- | gotiated so long as this endorsement remains i upon them, inasmuch.as he who buys thom is in danger of buying a lawsuit. Farther thu 1 this, it will be remarked that the assignment ] mentioned in this endorsement ia to be made, not by tho president and ci?uicr ?? the bank, I but by Charles M. Furmau aud Thomas B. < Waring, in their unof icial capoci ? v. The . counsel seem to have advised tho plac.'?g ot < this endorsement upon the securities of the 1 bank upon their ow.-: : esponsibihty entirely, i for there is nothing fe I no order of "the Chan- i cellor of March 3, IMS, which either gives or 1 implies su?h aut Lonby to those in charge of the assets of tl o balik. Your committee feel i bound to say that, ii. iris action had been com- r mit.'edbyany other .nan the distinguished t gentlemen who were parties to it, it could be j fitly characterized only by epithets which are not usually applied to high-toned and honora? ble men. As to the matter of inquiry embraced in the third section of the resolution, viz: "Whether the debts of said bank, or any patt thereof, were created to aid the rebellion, or exist in consequence of the re? bellion, or are in any way tainted with the re? bellion, so that the payment thereof by the State ia prohibited by the constitution," the committee beg leave to refer pene:ally to tho exhibits accompanying this roport, showing the debts and liabilities of tho bank, and re? mark: 1. As to the debts of the bink, created and existing prior to the comraencjmeni of thc war, or the secession of the Stato, Dncember 20.1860, consisting mainly, if not entirely, of bills in circulation, amounting to about eight hundred and seventy-four thonsand nine hun? dred and ninety-two dollars, ($874,992, ) thero can be no question. They should bo paid. They could not have been incurred in aid of tho rebellion. 2. The bank, as beforo, continued, through? out thc war, a corporate body, doing business "in tho ?amo and on behalf of tno Stale." (See charter of 1812.) It really, and in fact, had no independent existence hom tho State, but was wholly subject to and controlled by it. True, it had a legal entity for business pur? poses, but was really nothing more nor less than tho State engaged in bunking business. The dobie, therefore, of the bank created dur insr, as well as prior to, the cxistcuco of the rebellion, wcro liabilities incurred in the name and on behalf of tho S'ate. On the twentieth o' December, 1860, the State joined in thc rebellion against the United Stutts, devoting all its credit and resources, the bank included, to that purpose. The bills of the bank were issued or put in circulation, assimilated in value, and became equivalent to, tho currency of tho Confederacy, and slured its fortunes. The language of tho Constitution of tho Uni? ted States is, "neither the United Slates nor any State shall assume or pay any debt or obli? gation incurred in aid ot insurrection or rebel? lion against the United States; but all such debts, obligations and claims shall be held ille? gal and void." (Sec scctien 4, article xiv.) The language of the Constitution of the State is, "no debt contracted by this State in behalf of the Ute rebellion, in whole or in part, shall ever be paid." (See section 16, article ix.) It seems clear and unquestionable to your committeo that any debt incurred by the Stato, or "in the name or on behalf of the State," while in in? surrection or rebellion against the United States, either to support or defend itself, its officers or agents, or to aid others engaged in the same insurrection or rebellion, must be "held illegal and vMa," and "shall never be paid." The issues of bills by the bank during tho war were : 1. Bills which had been redeemed before the war, and' withdrawn from circulation, bat remaining uncanceled, were again pnt in cir eula rion.$ 938,621 00 I 2. Bills issued in 1861. 1,572,400 90 1 3. Chaoge bills. 717,789 00 j Total.$3,228,810 00 Deduct Irom this amount estimat? ed amount of burnt and lost bills, and wc have. 8,053,454 00 Supposed to be outstanding at the close of the war. Your committee regard this debt of $3, 353,454 as tainted with the rebellion, so that ita payment is prohibited by both the State md National Constitutions. This report would be far from complete wilh jut Borne reference to the litigation in which : be bank, and the State through the bank, has jecome involved. Under the provisions of an act for rebuild ng tbo City of Charleston, ot Juno 1, 1888, jonds were issued by the State to the amount )f two millions of dollars. Tho provisions of he act creating the loan are as foliows : SECTION 1. That the Governor of the State >f South Carolina be, and ho is hereby, luthorized and directed, in tho name of ho said State, to issue bonds or other con? rad a, to be countersigned by the Comptrol er-Gencral, not exceeding in all the sum if two millions of dollars; ono million ef rhich shall be payable at the expiration of wenty ye irs, and the other million at the ex? udation of thirty years, at a rate of interest tot oxoeeding six per cent., for the purpose or .rooming a loan on the crodit of the State, to ebuild that portion of thc City pf Charleston low lying in ruins; that the said bonds or Con? rads be' issuod in . uch form, and for such urns, and the principal and interest be made ayable at such timoi and places, as shall be lost effectual in procuring tho said loan upon lie best corms, either in Europe or America; nd that the faith and funds of the State of outh Carolina be, and fie same are hereby, lodged to secure the punctual payment of the aid bonds or contracts, wi: ii the interest the; e n. SEC. 2. That in order to effect the said loau, lie Governor is authorized and directed to ommission such agent or agents as the Presi ent and directors of the Bank of the State of outh Carolina shall appoint, which said agent r agents shall be empowered to receive the aid bonds or contracts from tho Governor and lomptrollcr-General, and to make all such ar ungements as in his or their jud gm: nt may e deemed expedient for procuring the said mney and placing it to the credit of thc Slate, ubject to tue draft or order of tho President f the B ?uk ol tbo State of South Carolina. - Sac. 3. The msney, when resized in Oharles on, shall bc depositad in the Bank of the State t South Carolina, and shall become a part of tte capital thereof. ? ? * # * * Sic. 10. It shall bo the duly of tho president nd directors cf thc Bank of tho Stato of South larolina to maka proper provisions for tho une tua! payment of thc interest of such loan s may oe effected upon thc credit of the State, nder tho provisions of this act, and also for bo ultimate payment of tho principal tbcroof. SEC. ll. It shall be thc duty of tho president nd directors of tho Bank of thc Stato of South 'arolina to cause to bo opened in the books of ho said bank an account in which (hoy shall [shit themselves with the profits arising"out cf he additional capital, created out of the two aillions loan aforesaid, for the year ending on ho first day of October, in tho year of our jord ouo thousand eight hundred and thirty hie, and with thc future profits of said jan, as tho same shall be hereafter an ually declared ; which said fund, with its unual accumulations, shall be considered olemnly pledged and s?t apart for*tbo laymen! of th<; iutercst on tho 3aid loan atid hciital redemption thereof. Audit snail be he duty of tho presido;]t and directors ol' th* aid bank annually to roport to both branched if thc Legislature Ihuexuct stato of that fund. SEC. 12. When thc profits of said Bank of the itato of South Caroliua sbnll have paid tho in erest of certain stocks, and redc-med thc said tocks, for which they have heretofore been ?lodged and set apart, tho said profits shall lao be considered solemnly pledged and set part for tho payment of tho interest of tho aid loan and the final redemption thereof. It is. apparent, from this act: FtriL That this is a loau by tbo Stato. Second. Tho faith and funds of the State wore iledgcd to secure the punctual payment of it, ritb the interest thereon. Tfurd. Tho money borrowed was to be de tosited in the Bank of the State. Fourth. Tho president and directors of tho tank were instructed to make provisions for he punctual payment of tho interest of the oan, and also tho ultimate payment of tho irincipal. Fifth. Thc pre.-ident anti directors of tho ian); were instructed to keep an account of the o'ofils arising out of thia loau, as thc same liould bo annually declared, which profits, iitii tho annual accumulations thereon, were o bo considered solemnly pledged tor tho pay? ?ent of tho interest on tho loau and the final edemption thereof. Sixth. Tho profits of the bank were also fledged to thc same purpose, after the pay nent of certain debts, for which they had been icfoio pledgod. Thia debt, thus created ou thc part if the State, witb thc interest thereon, ras vuuctually paid and discharged aa t full duo, until July, 18G8. Tho bank ifiiccra up. to that iiiuo carried out. the Detractions of the State contained in tho Fire joan act. The corporation known as I he Presid 'nt and Erectors of Ibo Bank of tho State of South ,'arolina waa incorporated in 1812, with power o sue and bc 6ued, and authorized to issue lotea for such sums, and with such devices as ras deemed expedient and sato, loan money to he citizens of the State, receive money or "dc ?osits and pay a way the same to order, dis iouut bills of exchange, uotca, &c, &c. Thc funds of the State wcro deposited in tho mik, to serve aa capital upon which the busi icss of the bank waa to bo carried on. Throughout all tho years from the fouiida ion of the bank down to the clo3e of the re :eut war, tho bank continued in operatiou, car? nying out the purposes aud exercising tho pow irs indicated in its charter. At the close of ho war, on account of the worthlessness of ts investments during thc war, it found itself nsolvcnt, and unable longer to carryon its rosiness. The State, by act of December 21, 1855. au horizel and required the president and di ectors to collect the asseta and property of he bank, and bold the same specially appro? bated : lat. To the payment of tho principal an tercet of the bonds known as the Fire bonds, payable in Europe. 2i. To the payment of the principal an terest of the Fire Loan bonds, payable ii United States. 3. To the redemption of the outstac notes hitherto issued by said bank. After the passage of this oct, which ar, priatcd.'virtually, ail the assets of tho I (its banking capital) to the payment ol Fire Loan bonds (a debt of the State) holders of the bills of the bauk issued prii the war felt themselves aggriovod, clan that the bank, being insolvent, its a: should be first devoted to the payment oft bills. To secure these rights, claimed by the holders, tho suit of Dabney, Morgan & Co., others, against the bank, was instituted. 3 bill inequity was filed in Charleston Count tho thirtioth of October, 18C7. The bank Bwcrcd February 3,18G8. The Barings, rc senting the Fire Loan bondholders in Eur came in to onforco their claim, and answ on tho twenty-sixth of May, 18G8- Maria ? ons and othera, representing tho Furo 1 stockholders in America, for the same pun came in and answered on the fifteenth da April, 1868. The Atlorney-Genoral (Gove! Orr says without his sanction-see messa on behalf of the State, answered on the tl of April 1803. On tho third dav of March, 1858, Chance Carroll made the following ordci in the cat STATE OF SOUTH CAROLINA, CHAELESTON TEICT-ix cnAxcnr.Y.-BETWEEN DABXET, ? GAN A COMPANY AND THE PRESIDENT AND KEG TOUS OF THE BASK OF THE STATE OF SO CABOLINA, ET AL.-DECRETAL ORDERS. Upon hearing the bill and answer in case, and upon motion of Magrath & Lo wm complainants' solicitor's, and with consen Hayne & Son, solicitors of the president directora of the Bank of thc State of South ( olina, aud of Baring Brothers & Company, ; of L W. Hayee and J. B. Campbell, souci! for Maria Simons asd Jane Y. Bowly, exe trix of Jane V. Hoy ward, and Thomas Y. S oas, solicitor of Arnoldus Vanderhorst D son. holders of State Fire Loan stock, it is Ordered, That the bill boamondod by nat the Attorney-General, in behalf of tho Star. South Carolina, ho being now in court and c senting, a party defendant, for the purposi sustaining the validity of the act of 1865, ferred to in the pleadings, and also by mak parties d?fendant the firm of Baring Broth & Company, who have obtained leave to ewer as such, as also Arnoldus Yanderho Dawson, Maria Simons, Jane Y. Bowly, ecutrix of Jase Y. Heyward, holders Fire Loan stock, payable within tho Um States, and as representing that class creditors, and that upon the coming in of I answers of the Attorney General in behalf the State of South Carolina, and of Barri Brothers & Co., aud of the aforesaid holden the fire loan stock, made parties defendant, an order obtained that the bill be taken j confesse against them, the case at and af tho first day of June next bo referred to ? Tupper, one of the masters, to inquire it and report on the matters set torch m i pleadings, and to tako such evidence as t ! parties may oiler in support of the mat charged in tho bill or denied in the ans we with leave to report special matter. 2. That tho said master, by public advcrtii ment in one or more leading newspapers the cities of Charleston, Cincinnati, New ( leans, New York and Augusta, call-in any pi son or persons claiming to be creditors holdi bills or notes of the corporation known as t President and Directors of tho Bank of tl State of Soutb Carolina, to make proof of the claims on or before tho first day of June ne ensuing; also notifying by said advertisemo all creditors residing in the United Stat holding State stock foe which said corporatif has been made liable by law, said stock beii described tn tho pleadings as 'Tire Loan bom owned in the United Mates," to make proof tho same within the game period. 3. In all casca of persons claiming, whet In said claims consist of bonds, Fire Loan stoe or bank notes, due notice of tho application I make proof shall be given to the parties to tl: bill and answers in the ie proceedings, or the solicitors. And in all such cases where parti* claiming shall hold or be possessed of any si ourities givon and accepted as securities fe the claims by him or them made, such part or parties shall, on pr?sentation of said claim make a statement ot' such securities and thei probable value; and also a statement of th tune when the claim or claims presented cam into his, her or their possession, aud thc cor sideralion paid therefor, that tho same may b considered by this court in dotorroining th amount of such claims and the disposition c such securities. i. It ts further ordered, That upon the com ing in of the auswors of tho Attorney-Genera in Debalf of the Stito of South Carolina, of Ba ring Brothers & Company, and of such partie: in tho United States holding Fire Loan stool as shall haye answered in this case, on or be fore the first day of June next, or upon ordei obtained against any of auoh last raentionec parties that the bill bo taken as confessed af tei service of process to answer, then tho aaic "the president and directors of the Bank of the State of South Carolina," Charle s M. F arman president, and Tho .nus B. Waling, cashier ol tho said bank, do account before Mr. Tupper, one of the masters, for tho capital, property and osnets of said corporation in their har. dt or under their control (under such icgulationt as tho said master shall prescribe), to the end that the ease may, as speedily as possible, bc prepared for a hearing. 5. It is further ordered, Th it to avoid mul? tiplicity of suits and waste of the fund until such hearing c?i be had, and a decree render? ed iii this case, all creditors of tho said corpo? ration, whether billholdcrs, bondholders oi claimants in any otner form, an enjoined from all proceedings in law or equity against said corporation, its property or assets, except as parties to these proseodings. 6. It is further ordered, That in considera? tion of the eaid injunction of the creditors of said corporation Hom bringing suit against thc Bame, the said corporation, and said Charles M. Funuan and Thomas B. Waring are hereby enjoined, until tho said heating shall be had and re aderad, from paying over auy portion of thc assets (monies deposited sinco Decomber, 1865, alono excepted) of said cor? poration, uxc.-pc for current expenses, includ? ing counsel tees for conducting the dof?nco of this snit, to any creditors of tuo same, unless by special order of tho court, without preju? dice, however, to thc right of these parties to collect debla of tho corporation, aud t J chango the form of assets in possession. 7. Il is further ordered, That the 'par? ties to tiicso proceedings nev/ before the court, and thoso who may hereafter bo ruado parties, have leave to apply to this court for any additional orders, which may become necessary in tho progesa of tho cause, the above orders not being intended to conclude or in any way prejudge tue rights or equities ol' thc parties to ibis suit. (Signed) J. P. CARROL. Filed, March 3,1808. 3J March, 18G8. Thus the cause stood, when the General As? sembly, on tho 15th day ol September, 18G8, passed Ult "Act to close tho operations of the Bank of thc State of South Carolina." This act provided "that the Governor of the State is hereby authorized and required, for aud on behalf of tho State, to tako possession of all tho real and personal estate, assets, choses in action anel books of accounts of thc corporation known as the President and Direc? tors of tho Bank of thc State of South Carolina, in whose hands soever found, and sell at pub? lic auction, at snob timoi and upon such terms as ho shall d? "fl most aelvantageous to tho State, ali tho real mid personal estate, stocks, bonds of the corporation and other as? sets of tho said corporation; aud tho personal bonds, notes and bill? of exchange owned by said corporation, and all debts and choses in action duo thc a lid corporation he shall place in the huuda of the Attorney-General of the State, with instructions to institute, in the name of the saiel corporation, legal proco Klings to collect the nmouuts so due aa speedily as possible: and the products u.'~aid udss, and of all collodions made by the AUoraey-Gcner al, shall bo deposited in thc Treasury of tire Stato, subject lo the order of the Governor, who ahall keep a distinct account thereof, dep? ?rate and distinct from the other accounts of the State, and shall report thc same to the next succeeding session of tho Legislature." Tho second acct'ou of said art provides for the funding by the Stato of all bills issued by said corporation prior to tho 20th day of De? cember, A. D. 1800 : "Provided, That said bills be presented to the treasurer before January lat. 18?0." It will ?oe seen, from this act. that the Legis? lature sought to cut thc Gordian knot of liti? gation by taking possession of the assets of the bank and paying' off tho billholder?', who were regarded as having an equitable hen upon them. (Sec Carran vs. State of Arkansas, re? ported in 15th Howard's Reports, page 304, Decisions of Supreme Court U. S.) The Firo Loan bondholtlers were not regard? ed as having any specific claim to these assets, and hence their claim waa not provided for in said act. They wore regardod as general cred? itors of tho State, and not of the bank, as en? titled only to the annual profits of the bank so long as profits were made. Their boniU, to thc amount of one hundred and nine thou saud pounds sterling (or about fivo hundred thousand dollars), tell due on the lal of July, 1808, and the payment thereof should have been provided for. But it is presumed that in the multiplicity of the labors, hurry and ex ciiement of the special session, and consider? ing- the near approach of the regular session, this matter was temporarily postponed. Tho sacredness of the obligation of the State to pay these bonds has never been questioned by any person, and probably never will be. Tho charge sometimes made that the attempt on the part of the State to take possession of the assets of the bank was au act ef bad faith towards the Fire Loan bondholders-"an act of spoliatioa"-appears to your committee utter? ly unfounded, and probably would never havo been made except in the extreme political ex? citement of the times, or perhaps the over-pro? fessional zeal of attorneys. a^The Governor of the Stale, pursuant to the act to cloao thc operations of tho bank, on the 15th day of Octobar, 1868,'demanded the pro? perty of tbe bank of the president and direc? tors. They declined to deliver up tho same. Thereupon a writ of mandamus was sued out against thom before Associate Justice Wil? lard to compel the president and directors of tho bank to deliver to tho Governor the as? sets of tho bank, according to thc tenor and effect of tbo said act. After full argument of tho cause, the writ was refused. A writ o? error to reverso.this decision was brought, aud is now pending in the Supreme Court. On tho - day of Octobor, 1869, the Barings, representing the Furo Loan bondholders in Europe, by thoir counsel, llc?srs. L W. Hayne and J. B. Campbell (who are also counsel for tbe president and directors ot the bank), brought their bill in equity in tho United States Circuit Court against the president and directors of tho Ban^ of thc State of South Carolina, and Robert K. Scott, Governor of tho Stato of South Carolina. Tho object ot this bill is to restrain tbo Governor from carrying ont tbe act to close the operations of the bank, and to assert the claim of tho Fire Loan bond? holders to tbe assets of the bank. Tho in? junction prayed for has not been granted by the court, nor any further step takeD, as yet, in tbe cause. In the case of Dabney, Morgan & Co., against the president and directors of tho Bank of thc Stato of South Carolina and others, in equity, tho following further order was granted on motion of Messrs. Hayne and Campbell, coun? sel for the Barings, on tho 80th of November, 1868, to wit : ' It is ordered and adjudgod that tho defendants. Charlos M. Furman and Thoa. B. Waring, be enjoined, until the further order of the court, from alienating, transferring, as? sign lug,disposing of.or iu anywise parting with the possession ot any portion of the assets or property of the corporation known as the Pres? ident and Directors of tho Bank of tbo State of South Caroiiaa, unless by tbe special order of this court; provided, that nothing herein contained shall bo construed as conflicting with tho provisions of the sixth clause o" tho order heroinabove referred to, of the third of March last. ' Thus il will bo Been there aro three several suits ponding-one in the Court of Eqnily, one in the Supremo court of the Stato, and one in thc United States Circuit Court-thc object of each of which is io secure the assets ol the bank. Your committee refrain from expressing any opinion upon the legal questions involved in sa id suits, but would express the hope, now that the stability and solvency of tbe State Government are assured, tbe excitement of the political campaign subsided, that the par tics to these suits will find it to their advan? tage to amicably settle the same. All of which is respectfully submitted. D. T. COBBIN, Member of Committee on bohalf of the Senate. REUBEN TOMLINS ON, " Member of Committee on the part of the House of Representatives. Columbia, S. C.. December 18,1868. _(Eom*ftriol_ Exports. NEW YORK-Per steamship Charleston-1384 bales Upland and 63 lags Sea Island Cotton, 189 bbls Rosin, 25 cifiks Clay, 21 pkgsSuniries, 22 bales Yarn, aud 131 pk?s Fruit....Per sehr Myrover 96 hage bea Island and 100 bales Up.aud Cotton, 207 casks Kaolin Clay, 1000 bass Cotton Seed, ?0,000 feet Scantling. 70 tons Machinery, 13d ca? ses .Railroad Spring?, 850 empty Beer Horrels, 10 barrels Beer, 85 coila Rope, 40 ompty Carboys, 3D pk SH furniture, and 20 h Lids Bonos. BAL TIMORE-Pqr eclir Nellie F Burgess-110,000 lust Lumber. * Charleston Cotton and Iticc .Mar it ot. Ol FICE OP THE CHARLESTON DAILY NEWS, > CHARLESTON, Tussday Evening, January 6, '60. j COITON.- The market for this article continued steadily in favor of th3 ?el!?r, and prices stiffened }i to lc 9 lb. tho stock bein ; very limitad. Sales 550 bales, viz: 8 at 24, ll at 24)?. 0 at 21J3, 71 at 25, 43 at 25,'?, G5at 2>J?, lOat 23&. ICG at 20, 21 at 26J?, ll at 26>?, C at 26?i, 3 ot 27, 0 at 27*?, ani 100 balea on priva I e term We quote : LIVERPOOL CLASSIFICATION: Ordinary to good ordinary..24 @25,^ Low middling.?G @ Middling.28K@ Strict middling.27 @ Good m'ddling.27>?(?) By New York clisalucatt -n we quote : Low middling.SStfQ Middling. .27 fe RTC R-Thc demand for this grain continue J good and prizes firm. Sales about 82 tierces of clean Car. alina, say 52 at 8iic 9 lb, 10 do at 8%C, 15 do at 8J?3 9 lb. We quoto common to fair clean Carolina at 1%@S>?; good 8J??3??; common prime 8J?c. .Mn ruc ti by Telegraph. FOREIGN MARKETS. LONDON, January 5-2 P. M -Consols 92??. Tur? pentine 30s. LIVERPOOL, January 5-2 P. M.-Cotton active; uplands ll tfd; Orleans lP. d. falos 15,080 ualos. Perk firm. Bacon 663. Cd. Lard CT?. Yarns and fkhrics at Manchester quiet and firm.- lied Western wbcr.t lOj.alOs. 3d. Corn 37s. 6J. HAVRE, January 6.-Cotton on the spot quiet at If. 28c; afloat dull nt IL 27c. DOMESTIC 11ARKET.3. Kaw Yonx, January 4-Evening.-Cotton 27 cts.; sales 3503 hale3. Moaoy str.ngoat at 7. Oold weak? er at 35},'. Sterling 'JV,. January 5-Noon.-Jottoa ?vmor at 27.i27'? cts. Money altivo at 7. Steriinj >.$. Gold 34?.i. C2'a ll. Evaaing.-Cotton salo* 4'):)0 bales at 27c. Flour low grade] advanced SalOc; medium and good de? scriptions dull and declining; superfino S fi 30; Southam rather more steady ; coffman to lair extra $7a7 60. Wheal in good export demand. Corn in fair export demand; rod mixed Wodtorn 93aSl 02; old? Ufialll; white Southam $1 07al U7J?. Oats favo.s bujuh). Pork lima :r at 52SJ? a20. Lard 17??a UU?. Naval stores .'quiet. Ftcights decliuing-oa cotton by sail ){, by slea-u %a7-l?. CINCINNATI, january 5.-Flour quiet; family 7'Ja 75,^. Com dali at 63a. Whi-key Arm at $1. Mess pork ?28 50, held at $20. Bulk meats-shoabiers UM?; clear cides 15,'ic Bacon active; shoulders 13,'?c; clear side* 17?<?l7>?c. Lard-litt lo offering; prime held at 19c. WILMINGTON, January 5.-Spirits turpontiuo ac? tive at 4C&47. Rosin steady-strained to No 2 $2. rurpentiae unchang=d. Tar advanced 6c, $2 05. Cotton activo, 25a25>?\ AUGUSTA, January 5.-Cottm firmer; sales 800 balas;receipts 325; middlings 23 J?. SAVANNAH, Jauuiry 5.-Cotton opened firm and cloded active ; sales 1G50 bales; middlings 2Gi2G,'?; receipts 2525; exports-coastwiso 1310. MOBILE:, January 5.-'Cotton sales 8D0 bales; mar? ket nrm at 25?:ia28; receipts 2G08 bales; exports 2120 bales. NEW ORLEANS, January 5.-Cotton higher; mid? dlings 25;'ia2i;c; soles 57?? nales; receipts 81C3 bales; exports 1881 bales. Gold 33. Sterling 46 Ji; com? mercial i5'?iiCr, York bighttxchm ;o yt ifi discount, sugar aud marasmes active aud buoyant; common eugar 9*lUc; primo Ulalie; yellow clarified 13a 13??c; common molasses 52,l?t37c; prime enable; choice t?9o70c. Wilmington Marl?e?. WILMINGTON", January L-1 ?RPENTISS-IS ia demand, and prico adrauced )5a25a. Salus of 183 bbls ot 53 3d for soft, and ?2 20 for hard, ? 280 lbs. MUBITS TCKTRNTINE-Market quiet and nc sales reported. ROSIN-St?rket stoady. :;ales of 343 bola at SI 75 f >r blick; J>2 for strained and No. 2, and $3 23a4 for No 1, a< in quality. TA*-Only 24 bbls rea ive! aud sold at S2 $ bbl. COTTON-miall salea at 24,'ic for mixed grades. Consignees per soutn Carolina Stailroatl January 5. 517 bales Collo a. CO bales Domestic?. 83 bbb Mo? lasses, 164 bbls Naval Stores, 7 c. IIB Wood. 140 cacas Corn, 4 oars Lunabi*i\ 2 cars fctock. 'do Itaiiioad Agent, Graesor, Lee, Smith A Co, Pi-lzer, Rodgers A Co, W W Smith, Dowling fc'Co. Iteed.r A Da-vi?, G H Walter & Co, A J Sx'lnaa, Wardlaw A Carew, Mowry & Co, \V C Bee Si co, WK Ryan, J N Robson. W O Courtney .t co, R C >harp A Co, JUE hloan, Hunt & Bro, Willis k Chi?olm, Claghorn, Htrriug k Co, G A Trenholm k Son, T Tupper k sons, Tideman A Co, and Fripp k May. Passeitgersi Per iteamship Charleston, for New York-F Shaf? fer, T O'Brien, H Dowd, O H Williams. James Jack? son, A Waterman. P Connor, M Morris, James Wi? ley, H Griffin, and J D Poller. Per steamship Manhattan, from New York-J D Mc Glincey, Mrs ? M Hutchison. Mrs T ? Byan and 4 children, Miss Wager, ? B Miller, George" dermer. Captain Brightman, RPatchold, Henry Cabin, J J QLimn, O W Bowe and lady, Mrs W H Arnoux and child, Mrs M H Bae and child, W B Jones, Master C Bae. Captain H H Pettee, B Long, and 4 on deck. florine tes. Fort of Charleston, January 0. JPOJR/T CALENDAR. PHASES or TUE MOON. List Quarter, 5tb, 1 hours, 2 minutes, morning. New Moon, 12th, 1 hours, 33 minutes, evening. First Quarter, 20th, 7 hour, 6 minn tes, evening. Full Moon, 27th, 8 hours, 10 mientes, evening. JAKUAB?. SUN MSES. I SETS. MOON ms ES. HIGH WATCH. 4 Monday.... SjTuesday.... cjWcdnesday. 7 Thursday... 8 Friday. 9i?atur4ay... IU ?Sunday. 7.. 6 i 6.. 5 ! morn. 7.. 5 ! 6.. 6 ! 12.. 7 7.. fi j C.. 7 1..10 7.. 6 6.. 8 I 2..18 7.. 5 5.. 9 I 3..12 7.. 0 I 5..10 4.. 8 7.. 5 1 5..11 0.. 1 12..30 1..26 2..26 3.. 30 4.. 37 G. .22 6..10 Arrived Yesterday. Steamship Manhattan, Woodhull, New York-left 2d inst Mdse. To James Adzer k Co, J E Ad ser it Co, J D Aiken & Co, Adams, Damon ic Co. B Arnold, H BiscL off k Co, Brown fe Eyer, C D Brahe k Co, E Bates k Co, TM Bristol), Cartmill, Hoi bes?? it (Jo, W H Chafce k Co, N A Cohen, Clacius & Witte. T M Cater, John Commins. Craae, Bovisten ic Co, Cohen. Banckel k Co, G W Clark & Co. W S Coi win ic Co, W Carrington & Co, Bowie ic Mels.-, Henry Daly, D? Fleming ic Co, IL Falk it Co, B Feldmann k Co, S Fuss, Forsyth, McComb & Co, FL Oulllcmm, G H Grubst, H Gerdts i: Co, J H Graver, Geo Gerner, A G Goodwin, Agent, Bart k Co, N A Hunt, E Henry, I Hy m ni k Co, J Hurkamp ic Co, A Hiing, Johnston, Crews k Co, Kreits & Chapman, Kinsman Bro, JP Eiupe, F Ere euell, Jr, Klinck, Wickenberg & Co, T W Lewis, A Langer, C Lit'cbgi, Laurey k Alexander, W McLean, McLoy k Bice, T McCarthy, W A Martens, Muller, Niuitz k Co. S B Marshall, J G Mllnor k Co, Mrs M O'Neill, B O'neill, J C Ogcman. D Paul k Ce, W F Paddon, C P Poppcnbeim. Pelzer, Bodgers & Co, M M Quinn k Bro, Southern Express Co, S C Bai broad agent, ? B Stoddard k Co, S S Solomons, Supt, H Stlonkea. Stenhouse S: Co, G W Steffens k Co, W Sheppard, J Thomson & Co, MA Tsnniunsoa. Paul, Welch k Brandos, Werner k Docker, F Wehman, W J Yates, and others. Sunday, 0 PM, Hatteras Light bearing southwest, passed ateamph'p Champion, hence tor New York. behr Jonas smith, Nichols, New York, - day?. Mdse. To Wm Boich ii Co, J ? Adger ic Co, H Bis? choff i: Co, WM Bird ic Co, G H Brown, Bollmann Bro?, L C Binder, W H chafer k Co, Cameron, Bark? ley ic Co, McDuff Cohen, J Campeen A Co, B k A P Caldwell, J C H (Haussen, G W Clark k Co. H Cobla k Co, Do wie k Moise, D F Fleming k Co. W Harman, Hart ic Co. Holmes k Calder, J W Harrisson, J Hur kamp k Co, Jose Jara. Jennings, Theml bason ic Co, Jeffords ic Co, H W Kinsman, C Grav JOT, H Gerdts k Co, A Langer, M Luhrs, b O'Neill, J F O'Neill k Bom, Order, D O'Neill ic Son, Olney ic Co, Ostendorff ic Co, J B Pringle., S C Railroad Agent, J HBenneker, J A Quackenbnsk, E H SteUtag, H Sefg?ng, D H bil cox, W Ufftr'jardt, J H V?llers, Paul, Welch k Bran* des, W L Webb, J N M Wohltman, Wagener ii Mos? sau, Weat k Jones, Walker, Evans k Cogswell, Wer? ner k Dacier. P Walsh, W U Telegraph Co, J N Bob sou, G S Hacker, D D Mitchell, Wakens k Brown, and Steadman Yeadon. Sehr Willie Martin, Collins, Portland, Me, 12 days. Hay. To T Tupper k Sons. 8chr H N Bqulie, Chose. Wood's Hole, 0 days. Guano. To the Master and J N Bobeen. ?ehr Independence, from Ckisolm's Mill 100 tier? ces Bice. To Seeder ic Davis, W C Bee k Co, and '1 hurst on ic Holmes. Scbr Ana 8 Dias, from West Point Mill. 24 tierces Bice. To J B Pringle, aod Shackelford it Kelly. Sloop Ida. from John's Island. 300 bushels Cotton Seed. To Jobn Ino m ey. Received from Bennett's Mill. 132 tierces Bice. To Thurston ic Holmes, W C Bee ic Co, and A Cannie. Received from West Point MilL 2C Iierce3 Bice. To Beeder ic DaviB. 1 Receive? from Chisolm's Mill. IC tierces Bice. To Bedder ic Davis. BELOW. A Brig unknown. TN THE OFFING. Shin Crahams Policy, Burgess, Antwerp, 49 days. Ballast. To Patterson fe Stock. Cleared Yesterday. Stoamship Charleston, Berry, New York-James Ad? ger ic Co. Bri uah bark Pawnee, Hutton. Ducie n. Ga, to load for Queenstown-Bieley ic Creighton. SchrMyrover, Brown. New York-Win Bosch k C o. Sehr Nollio F Burgess, McKean, Baltimore-W m Roach ic Co. Sailed Yesterday. Ship Sumter, Scene, St Mary's, Ga. British bark Pawnee, Hutton, Danen, Ga. Sehr N W Smith, looker, Now York. Steamer Di? tater, Will ?y, Pala Uta, via Jacksonville Fernandina, and Savannah. From this Fort. Steamship Champion. Lockwood, New York, Jan 6. Steamship Magnolia, Crowcll, New York, Jan 6. sii ip news by Telegraph. NEW YOBS, January G.- Arrived -Steamships San Jacinto, Huntsville, Magnolia, United States, Al Del? marie, and Champion. SAVANNAH. January E.-Arrived-Ship Lammer? moor, Befase, Ireland; brig W A Parks, Belfast Me; schrs Bedaingtoa, Providence; Charter Oak, Wlscas set. Me; stoamorsNorth Point, Baltimore; ?an Salva? dor, New York; amp Constitution, Liverpool. Cleared-Brig Precision, Beaton; steamer Cleopat? ra, New York; schrs Ann st Susan, WU tn in ?ton, ? C; Coquette, Matanzas. Below-A schooner and a Dutch galliott. The weather is clear and cold. Wind f tiff, NNW. Memoranda. POET OF GEORGETOWN. S, C., TO JANUARY 4. ABBI VED. December 23-Brig Fanny, Butler, Philadelphia; scbr Daybreak, Mlake, Searsporc, Mo. ' December ttl-behr James Crocker, Currier, Bos? ton. January 2-Sehr Artic, Garwood, Boston. CLEARED. December 30-Schrs L A Edwards, Marshall, New York; George k Albert, McDonald, Newburyport; J L Merrill, Weeks, New York. December 31-Sci r Mary Stowe, Bankin. New York. January 4.-Sehr Moses Patten, Harding, Barba does ; brig Ben Carver, Mean, Porto Rico. TH? NEW Curran SHU? SOVEBEIQNOFTHE PEAS. In tho production o' this noble clipper .ar. Donald McKay, the builder of the Great Bepublic, has fairly surpassed all lus other productions, and this u say? ing mucn, when we call to mind that he has designed and built tho Fly lug Cloud, Romance of tho Sea, Fiy ?u?< Fish, and many o'hers-ho Fi yins Cloud mak? ing five pusag s to f'au Francisco, averaging 101 days, sod tho Romanceo. thu .-et and Flying Fish averaging 10 > days, which hive hal no equals for speed and other ?c.i-goiug qualities This ship is uU3J? tous register, ia fitted out in superior style, tates Al* 1 jr lune ycais, and is commanded by Cap. tain Baxter, an abio aud experienced seaman, every way quatilied to make lier do ber best. Not only is shu built of oak and copnor lustei.ed, but is sheathed with yellow metal up to twenty-oue feet, and thor? oughly voutilated, .-bc ii UOW lying a; pier 1.0.19 East River, loa ling ia lbs Dispatch Line 'if Califor? nia clippers, uud is receiving ireigut rapidly, Thors whe have sees ber speak or her IU tenus of unquali? fied admiration, and well they may, tor che will be au honor to tho Aiaedoau dag wherever soe floats. Thc ship Nuuquam Dor nie, which arrived at Havre on thu Dotti ult, fiona Mobile, made the pas sago iu 25 days, being the sbeitcst run ever made by a sailing vessel between the two ports. LIST UKB VttSSKLiS UP, CLEARED AND SAILED FOR THIS POM F 0 R E 1 G NO LIVEBPOOL. ftcamship Golden Horn, McBsatb, up.Deo - Ship Richard tho Third. Wood, sail id.Nov 8 AXTWEU?. Ship Grahams Policy, Burgos, sailed.Nov 15 AIXOA. The Jane, Carson, sailed.Oct 21 LEITH. The Harkaway, Horton, tailed.Oct 21 Thc Enigkede-n, Horstendahl, sailed..Nov 19 HAVANA. Spanish polaerc Msrii, Tout, Bailed.Dec 25 CIENFUEO0S. Spsniah polacre Vestal,-, Bailed.Doc IU D O M IS S T I ri. WISC ASSET, ME. Sehr Atalanta, Tuc cor, sailed.Dec 18 DOCKLAND, SIE. Sehr Wai Jones, Mc Ii tun. up.Dec 23 NE>VPOUT, n. I. Sehr Janies Whilehouse, Jones, sailed.Dec 2S BwrroKf Sehr S E Cei son, Brown, np.Dec 2C behr Charles ? Raymond, Higgins, clea-cd. ..Dec 26 SEW ?OJ'.L. Sehr ? H Furber, Coll, up.Dec 23 Sehr Robert Caldwell. McCormick, up.Doc 22 Sehr Annie ? Glover, ferris, clewed.Dec 23 behr J L Leach, Stafford, cleared.Deo 22 Scbr Mel ie Carr, Landill, cleared.Dec 31 Sehr A G Ireland, Townsend, cleared.Dec 31 PHILADELPHIA. Scbr Albert Thomas. Badgers, cleared.Dec 31 Steamship Alliance, 'Hilson, elsa:e.1.Dec 14 Sehr Charles ? Page, Doughty, sailed.Dec 18 KOSADALIS Purifies the Blood. For ?sale by Druggists Everywhere. July 38 DAO 1)1 Qt RIFFII?, BROTHER <K CO* GROCERS APD COMMISSION MERCHANTS No. 105 LOMBARD-STREET, BALTIMORE. April 22 frputtt pitiers. PANKNIN'S nH EH EH HH HH HH HHHHHH HH HH HH HH HH HH EEEEEEE EE EE EEEE EE . EE EEEEEEE PPPPPPPP PP PP PP - PP PPPPPPPP PP PP PP AA AAA AA AA . . AA AA AAAAAAA AA AA AA AA TTT TIT TTT TIT TTT TTT ITU nn ULT nu IHI mi nn cccccc co co co cc cc cc cc cc cccccc BBBBBBB BB BB BB BB BBBBBB BB . BB BB BB BBBBBBB nn lin mi mi nn mi nn i TTTTTTTTT TTT TTT TTT TTT TTT- r ITT TTTTTTTTT TTT TTT TTT TTT TTT TTT EEEEEEE EE . EEEE EE EE "O LIPCIP? ct Pi Pl Pi Pf P.*V r' RRBRRbR BB BK BB BB hRRRRR RB RB V BR RR RR RRR SSSSS3S SS SS sss [SSSSSSS8 sss ss ss sssssss THE BEST TONIC NO \Y Pi USE. RECOMMENDED BT TEE MEDICAL FACULTY CURES DYSPEPSIA DEBILITY LOSS OF APPETITE j SICK HEADACHES INDIGESTISN AND ALL DISEASES Altl-jlNl* FROM A DISOR - DEBED STATE OF THE STOMA CH OR LIVER. * HEGE3IAN & CO., Agents in New York. MANUFACTURE ll BY C. F. PANK-JNXLV, Chemist and Apothecary, No. 12 3 Meeting-street CHARLESTON, S. C. ?5- For sale by Druggists everywhere. PRICE: By SIB ?le bottle., By half dozen bottles. "November 24 $1.00 5 0