Historical Newspapers of South Carolina

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IHK DAILY NEWS. Knighting of Uic Sirloin. Tbc Socond Cbarlcs of England Rode forth ouo Christmas tido, To hunt a ga'.Iant stag of ton. Oi Chlugt'ord Woods ibc pride. The wind blew keen, flic snow fell Lut, Ami made lor ear'h a pull, As hred steeds and w. nried men Itounuca to Friday thill. 1 ho Id izing lops, i iled on the dogs, Were pleasant to behold ! And grutetul was tlio sloamiug feast To hungry men?and cold. With right good-wil all look their fi'.i. And soon cadi found relief; Whilst Charles in- royal trencher piled From one huge loin of b cf. Quoth ? harlcs, "Odd*? ft-1 ? ! u noble Uissii ! Aye noble made by iik! I'.y kingly ri lit. I dub Hire Unighl - Pin Loin henceforward bo!" Aiii iicvi r whs a royal j<'s-t Received with su. h "acclaim;" And n< vcr knight thau good Sir. Lcin More worthy of I lie u.iujc. ////; it.i su oi un: statu. Report of tUe Special Committee on 4Uc Linoilitics and Assets oftUc liante of tin- state of otitli Cnvolinu. CoLUMniA, December 17, 1808.?The com mittee appointed wider, tlio following joint resolution : JOINT RESOLUTION. Resolved, by the Senate, the House of Repre sentatives concurring, That ;? committee of three, to consist of two members of the House of Representatives and one member of the Senate, be appointed to inquire into the assets and liabilities of the Hank ol the State of South Carolina, and report at the next regular ses sion of the General Assembly. Section 2. 11 at tmi 1 committee be instruct ed to inquire into and report for what debts of said bank the State is liable. Section 3. Also, to report whether tiie debts of said bank or any part thereot were created to aid the rebellion, or exist in consequence of the rebellion, or ave m 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 tho operations and conduct ot the affaira of said bank : Respectfully report that a majority of tho committee met at tho banking house, in the City of Charleston, and proceeded to make ' he examination, as required by the resolution. In an appendix to this report will be found "exhibits," showing the condition of tho bank in detail. These "exhibits" were prepared for the use of tlio committee by Thomas II. Waring, Esq., cashier, and make part of his sworn statement, with the exception of Exhi bit "S," which, as will bo soen, is simply an estimate prepared by him of the probable loss of circulation during tho existence of the bank. Your committee desire to acknowledge the courtesy and patience of Mr. Waring, shown during this tedious investigation. Exhibit "A" is :i sworn statement of the con dition of the bank on November 1, 1808, fur nished by tho cashier, Thomas R. Waring Esq. By 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, fee. Tho promissory notes are almost entirely from citizens of the State, secured by endorsement or by collateral securities. A large portion ot them were dis counted during the war. The cashier says: "It is impossible to arrive at a correct estimate of the value of these notes; they are tinning out worse than was expected." Tho item $581 97 on Exhibit "A" is the balance ol ;i bond ol'G. W. Brown, a borrower under tho Fire paid. Item $13,380 72 was tho balance iu the hands of the agent at Spartanburg at the close of the war. It was Conti derate currency Item $1,012 121 OS is explained by the cashier as follows: 'Tu 18G4 tlio Confederate Govern ment reduced the value of the currency thirty three and one-third per cent., but each State was allowed to fund one-halt of the currency it held in four or six per cent, bonds of the government; the other halt for tho new cur rency. The amount on this account shows what was surrendered to be exchanged for bonds. The bonds were not dcliverod, but we hold the certificates. The notes surrendered to be exchanged were the deposits to the credit of the treasury and the public officers on tho books of tho bann." Item $031,058 90 o ? Statement "A," is made up of balances duo bv sundry banks in this State. Item $13,301 31 is made up of balan ces duo by banks out of the State. Item $8, 83G 58 is t ho amount of cash on baud Novem ber 1, 18(18. Exhibit "B" contains a list of the discounted notos held by tho bank. The cashier stated that these notes were placed in the hands ot the solicitor of tho bank, Isaac W. Hayno, Esq., last August, for collection. He also says: "A considerable amount of notes dis counted were destroyed at Columbia, as we have roason to believe. They wore iu the hands of the solicitor of tho bank for suit, whoso office and papers wero burned, as we are informed." [This statement shows the list of discounted uottv at Charleston to amount to $728,779 47, at Columbia Branch $203,904 59, and at Camden Branch $186,16699, making a total of $1,178,911 05. In addition there is an amount of $192,881 37, for notes discounted upon pledge of stock, making a grand total of $1,608,792 42. The stock pledged consists almost wholly of securities of the Confederate Slates.] Exhibit "C" is a list, ot notes, bills and bonds in suit held by ihe bank, October 1, 1808. [The bills, notes and bonds in suit held bv tho bank amount to $81,059.] Exhibit "JD" is a list of individual bonds. The cashier says: "Some of these are secured by mortgage, and may be paid in part, but a con siderable amount is supposed to bo insol vent." [ the personal bands held by the bank amount to $15,591 43.] Exhibit "E" shows the amount of interest paid on six per cent, stick fjr Eire Loan. [Tiiis amounts to $1.917 32.] Exhibit "G" consists of advances made to the State for the new SI ate House. As securi ty for these advances, the bank holds $121,300 of State six per cent, stock, issued for tho building of the new State House. [The balance on t'.iis account is $119,278 49.] Exhibit "E" contains a statement of the in terest paid on the Eii o Loan debt in London, reduced to currency. The item $42,203 58 on tho ''Debit" side of statement "A," shows what 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 cal year, lA;it the profits since tho war aro not sufficient to cover it." This exhibit shows the account since 18C5. Tho Barings paid the in terest up to January 1,18(58; and thev hold as sceuiity for these advances ?31,200, bonds South Carolina Railroad Company, placed in their hands in 1803 or 18ti4. [Too total amount of this account is$88,678 38.J Exhibit "H" consists ot advancos to the State for various purposes. The advance for subscription to t he Charlotte and South Caro lina Railroad is secured by 2701 shares in that railroad deposited with the bank. By this tic cotint it appears that tho bank paid to Gov ernor Magrath, wh >,u arrested to be sent, to Fort Pnlaski, $400 in gol i, on account of his salary. L L'ho amount ol' this account is $53, 769 85.] Exhibit "I" shows tho amount advanced to the State for military contingencies in 1803, 1864 and 1805. With rofcronce to these ad vances tho cashier says: "Our books do not show what tlics? advancos were for. I think the payments word ont i vol v in Confederate cur rency." [Total amount $997,382 25 ] Exhibit "J" contains a statement of bonds and stocks of incoi'poiflted companies and ot tho State owned by the bank, nut down at their par value. On Statement "A they appoar at What they cost. Part of the bonds of tho Wil mington and Manchester Railroad Company, Orouuvillo and Columbia Railroad Company and South Carolina Railroad Company aro for intorest fundod since tho war. [The par value is $780,948 3?, including $122,000 of Wilming ton and Manchester Railroad bonds, $114,000 of Soutii Carolina Railroad bonds, $12 500 of State bonds. 1799 whole shares and 1799 half shares of the South Carolina Railroad, 600 shares of tho Northeastern Railroad, and 359 shares of tho Grconvillo and Columbia Rail road. In addition thero is ?31,200 in South Carolina Railroad Sterling bonds hold by tho Barings, and about, $7000 in coupons.] Exhibits ' K," "L," "M" and "N" show tho cent, bonds (L) $00 ;">()(); of seven per cont. bonds (M) $807,000; of eight per cout. bonds (N) $2,674,100.1 Exhibit "O" shows tho real estate owned by tho bank, including tho banking houso. I the real estate consists of tho banking houses at Cliailcstou, Columbia, Camdon and Abbeville, ami one tonement, one brick building, one lot and building, and one houso and lot in Charles ton.] Exhibit "P" is a statement of domoBtic ex change protested and lying over. [ this amounts to$58,420 03.] Exhibit "Q" shows the protested foreign ex change. [This amounts to $5,997 78.] Exhibit "U" is a statement of tho costs of suit, &c., paid by tho cashier since May, 1808. it will be observed tWat in this exhibit there is an item of $350, paid to Simons & Riegling as counsel foes in a suit against the bank. As this s< emed a novel procedure to your commit tee, an explanal ion was asked tor. In response, Colonel Gaillard, acting President, who was present, said : "T. V. Simons & It. Singling represent some "??!' the Eire Loan creditors. They, as well as "the counsel for t ho bank, have drawn sonio "thing tor their fees. .Simons ?V Stogling rop "rcsent Air. Dawson, who is one of the ltirgi st "holders ot the Eire Loan. Under tho impres "sion that this would eventually be asseascd "on the fund, and under tho advice of coun "sel, a foo was paid Simons & Sicglin : . It "may be called a retainer in advance, or a pay aient of foes in advance. It was understood j "that Mr. Dawson should not be bound for the "common defence, but the retainer ami coun "scl fees should be bound by the common fund, "not only as a matter of justic , but of agroe "inent of all concerned. It was so rccoffuizod "by {he court. Chancellor Can oil declared "tl'iat the bunk was authorized from tho assets "to pay counsel fees loi conducting the <3o "fonce!" [The total amount [ $3640.] Your committee saw and counted ail the as sets in tho bank. In doing this they lound printed on Iii? back of all the securities m m tioned in Exliibit "J" the following endorso mcnt: "caution. "This bond constitutes a portion of the as "seta of the Bank of the State of South Caro lina embraced in tho order of the Court of "Chancery of the said State, of the date of "March 3, 1808. in the ease of Dabney, Morgan "& Co. vs. the Bank of tho State ot South Caro lina and others, and cannot be legally trans ferred e xcept by order of said court, or tho "written assignment of Charles M. Eurman "and Thomas K. Waring. "THOS. 11. WARING, Cashier." In reply to questions as to when and why this endorsement \va8 printed upon the securi ties of the bank the cashier said: "The en "dorsement was put upon tho bond-) on tho "18th of August, 1808. by the direction of tho "presidont and directors, un 1er the advice of "counsel, Messts. I. W. Hayne and J. 13. "Campbell. The president being present with "tho counsel, I prefer that the reason "rhould be stated by them." "The endorsc "inent was prepared by the counsel, I. \Y. "Hayne and J. h. Campbell." Mr. Gaillard, acting prosident, made the fol lowing statement : "In reference to the cautionary endorsement "on the bonds and stocks, I would state that "it was put upon them under tho advice of "counsel." Question?"What was tho foundation ofthat "advice, or what was the object ot it? Was it "to injure tho bonda or prevent their negotia bility T Answer?"It was to preservo the bonds to "await the ruling ot the Court of Equity in tho "case of Dabney, Morgan & Co. In other "words, it was done to prevent their being "transferred or negotiated except under order "of the court and by written assignment of "Charles 51. Eurman and Thomas It. Waring." The liabilities ot tho bank iu detail will bo found on the debtor sido of Slatoni.nl "A." With regard to the circulation, the cashier makes the following statement : "On the 1st of "October, 18G0, the circulation was oAiniatcd "at about $825,000. Wc had in the vaulkbout "$900.000. fliese last were subscqucii^Btaut "in circulation. At the request or^nhe "committee,! furnish an estimate of what I "think is a near approximation to the prosent "circulation; it is contained in Exhibit 'S.' "Hie estimate of lost notes may bo considered "large. It is baaed upon the long time tho "bank has been in existence, the largo propoi* "tion of issues of one dollar and under, and "the probable losses attendant upon fouryca'5** "of war. I offer it merely as an estimate :n 1 "ol the bank for anything coniiectea with"tfio "war, I know ot none, bue such of tho issues "as may have been loaned the government or "used in purchasing Confederate stock, and jt "would bo impossible to distinguish now the " 'notes' that were used for either purpose." Tho profit and loss account consists of re ceipts in issues of the bank for interest on notes, bonds, &c, and part of issues purchased. Hem "State Treasury for sinking fund" is made up of tho profits of tho hank to 1805. Item State Treasury for loan for rebuilding the City of Charleston is the balance due on tho Eire Loan debt of the State in Europe, ?109,000, and about $318,000 of stock in this country. In reply to a quostion, the caahitr^Tays ho "does not know what portion of the ?109,000 is owned by the Baringa, and has no means of knowing."* He further says: "The bank "had a considerable amount of bonds in "London and Liverpool, held as security for a credit of ?20,000?an account open ed previous to the war with Hambro & "Son and the Bank of Liverpool. These ac counts have been closed, and all tho bonds "brought over except those left with tho Ba "ringa, as seem it y for the punctual payment "ot the interest on the State debt." Item $12,203 58 is tho balance due Baring Bros. & Co. tor advances. Item $4528 is a bond given for a piece of property on East Bay, Charleston; the proper ty is described in Exhibit "O." Item $4,136,489 41 is the personal deposit account. The cashier says: "These deposits wore to a great oxtent made during the war (al most entiiely). They .verc made in nothing but Confederate money." Item $25,050 03 consists of drafts and checks outstanding between the parent bank anil the branches, at the close of the war, in Confeder ate currency. Item $28,520 58 consists of balance due tho Farmers' and Exchange Bank of Charleston, and banks out of the State. It will ho seen that Exhibit "J" contains a list of tho available assets of the bank at their par value, which, in round numbers, may be put at about $900,000. Of course, it placed Upon the market now, nothing like this amount could bo realized upon them. As an offset to those, aro the Eire Loan debt of the Slate and the bills of the Bank of the State is sued prior to tho war. In dismissing this portion of their report, your committee cannot fail to noliorVwo facts developed by this investigation. Thoyrefer, in the rirst ptaco, to tho lact that the bank is made to pay counsel fees for tho defence of in dividual interests, simply because those inter ests happen to bo identical with those of the bank. Dabney, Morgan & Co. ask that the bank mi y be restrained troni carrying out the act of 1805, which devoted the assets of the ! bank to tho payment ot the Eire Loan debt held in Europe. Thereupon, Mr. A. V. Daw son, a large Eiro Loan stockholder in this country, by his counsel, Simons & Siogling, joins forces with the Barings and tho bank to resist this suit; and tho bank, bv the advieo of its counsel, Messrs. Hayiio and Campbell, pays Mr. Dawson's lawycis for defending his inter ests. Your committee fail to Und anything in tho order of the Chancellor of March'3 I, 18 i8, which would juatity this proceeding. The Messrs. Hayne and Campbell occupy the anom alous position.of counsellors for tho ban!;'offi cers and for the Barings. Such a position doubtless has its advantages. , Tho cautionary endorsement copied on a preceding p.igo from the bonds which consti tute the only available assets of tho bank fur nish a remarkable proof of the way in which those gent lern jii have sought to preservo the credit ot (to qnoto the language) of one of them,) "this most uiifoitunato Statt." Tili? caution was printed upon tho securities of tho bank by the ad vice of the distinguished counsel, Messrs. Hayne and Campbell, on tho 18th of August, 1808. It was evident ly placed t livre m antici pation of tho legislation which was afterward had. This action presents a three-fold aspect. First, it must bo considered a deliberate do fiance of the General Assembly of tho Slato. Second, it was intended to prevent the State, whoso ci oature the bank is, from taking pos session ot its assois. Third, its effect, if not ils intent, was to seriously injure t io credit of tho Statt;. These securities can never bo ne gotiated so long aa this endorsement remains upon them, inasmuch as he who buys them is iu danger of buying a lawsuit. Further than this, it will bo remarked that tho assignment mentioned in tins endorsement is to br. made, not by tho president and cashier oLtho bank, but by Charles M. Furnian and Thomas It. Waring, in their unofficial capacity. Tho counsel seem to have advised the placing oi this endorsement, upon the securities of the bank upon tneir own responsibility entirely, for there is nothing in tho order of tho Chan cellor of March 3, 1808, which either gives or implies su-Ii authority to those in chargoof the assets of tl e bank. Your committee fool ?iiQiiml-i/a-flmz-i.hn.r. if Hilft nation had hf>nn o.nm W?B??B????Bt fitly characterized only by epithets which are not usually applied to high-toned and honora ble meu. As to the matter of inquiry embraced In the third section of tho resolution, viz: ' Whether tho debts of said bank, or any pa it thereof, were created to aid tho rebellion, or exist in consequenco of the re bellion, or are in any way tainted with the re hellion, so that- tho payment thereof by tho ? ta to is prohibited by the constitution," tho committee bog leave to reter l one-ally to tho exhibits accompanying this report, showing the debts and liabilities of the bank, and re mark : 1. As to tho debt t of the bank, created and existing prior to the commenc-mont of the war, or the secession of the State, Decombcr 20, 18G0, consisting mainly, if not entirely, of bills in circulation, amounting to about eight hundred and seventy-four thousand nine hun dred and ninety-two dollars, ($874,992,) there can be no question, 't hey should bo paid. They enild not hive been incurred m aid of tin' rebellion. 2. The hank, as before, continued, through out tin- war, a corporate body, doing business "in the name and on behalf ol toe State."' (See charter of 1812.) It really, and in fact, had no independent existence from '.lie State, lut 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 the state engaged in bunking business. The debts, therefore, of the bank created dur inif, as well as prior to, the existence of tho rebellion, wore liabilities inclined in tho name and on behalf of tho S ate. On the twentieth o*' December, 1SG0, tho State joiued iu the rebellion against the United Stub s, devoting all its ere lit and resources, the bank included, to that purpose. The hills of the bank were issued or put in circulation, assimilated in value, and became equivalent fco, the currency of the Confederacy, and shared its fortunes. The language of the Constitution of tho Uni ted States is, "neither the United States nor any State shall assume or pav any debt or obli gation incurred in aid ol insurrection or rebel lion against the United States; but all such debts, obligations and claims .shall he hold ille gal and void." (rice st et ion 4, article xiv.) The language of the Constitution of the Slate is, "no debt contracted by this S'ate in behalf of the late rebellion, in whole or in part, shall ever be paid." (See section 10. article ix.) It seems clear and unquestionable to your committee that any debt incurred by the .State, or "in the name or on behalt of the State,"' while in in surrection or rebellion against the United States, cither 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 v.dd,"' and "shall never be paid."' The issues of bills by the bank during the war were : 1. Bills which had been redeemed before tho war, and withdrawn from circulation, bnt remaining uncancellcd, were again put in circulation.$ 938,021 00 2. Bills issued in 1801. 1,572,400 00 3. Change bills. 717,789 00 Total.$3,228,810 00 Deduct Irom this amount estimat ed amount of burnt and lost bills, and we have. 3,053,454 00 Supposed to be outstanding at the close of the war. Your committee regard this debt of *3, 053,154 as tainted with the rebellion, so that its payment is prohibited by both the State and National Constitutione. This report would bo far trom complete with out some reference to the litigation in which the bank, and the State through the bank, has become involved. Under the provisions of an act for rebuild ing the City of Charleston, oi Juno 1, 1838, bonds were issued by the Siato to the amount of two millions of dollars. The provisions of the act creating the loan are as follows : Section 1. That the Governor of tho Htatc of South Carolina be, and ho is hereby, authorized and directed, in the name of tho said State, to issue bonds or other con tracts, to br> countersigned bv the Coiuptrol lor-Goneral, not exceeding in all tho sum of two millions of dollars; one million of which shall be payable at. tho expiration of twenty years, and the other million at the. ex piration of thirty years, at a rate of interest not exceeding six per cent., lor tho purpose of procuring a loan on the credit of the Stiuo, to rebuild that portion of the City of Charleston now lying in ruins; that the said bonds or con sums, and tho principal and interest" fte made payable at such times and places, as shall be most effectual in procuring the said loan upon the best terms, cither in Europe or America; and that the faith and funds of the Slate of couth Carolina be, and t':c same are hereby, pledged to secure the punctual payment of the said bonds or contracts, with the interestthoie on. Sec. 2. That in order to effect the said loan, the Governor is authorized and directed to commission such agent or agents as the Presi dent ami directors of the Baak of the State of South Carolina shall appoint, which said agent or agents shall bo empowered to receive the said bonds or contracts from the Governor and Comptroller-General, and to make ali such ar rangements as in his or their judgm nt may be deemed expedient for procuring the said money and placing it to tho crtdit of the Stale, subject to the draft or order of tho Pre ident of the Bankol the State of South Carolina. Sue. 3. The muiey, when realized in Charles ton, shall be deposited in the Bank of the S^aie ot South Carolina, and shall become a part of the capital theteot. * * sr. * * * Sec. 10. It shall be the duty of the president and directors of the Bank of the State of South Carolina to make proper provisions tor the punctual payment of tin; interest of such loan as may no effected upon the credit of the State, under the provisions id' this act, and also for the ultimate payment of the principal thereof. Sec. 11. It shall be the duty of the president and directors of the Bank of tho State of South Carolina to cause to be opened m tho hooks of tho said bank an account in which they shall debit themselves with tho profits arising out el the additional capital, created out of the two millions loan aforesaid, l'or the year ending on the first day of October, in tho year of our Lord one thousand eight hundred and thirty nine, and with the future profits of said loan, as tho same shall be hereafter an nually declared; which said fund, with its annual accumulations, shall bo considered solemnly pledged and s_t ?part for the I payment of the interest on the said loan and the tu al redemption (hevcof. And it shall be tin* duty of tli." president and din ctors of the said bank annually to report to Loth branches of the Legislature the exact si de of that fund. SEC. 12. When the profits of said Bank ot the I Slate oi South Carolina shall have paid tho in terest of certain stocks, and redeemed the said slocks, for which they have heretofore been I pledged and set apart, tho said proiits shall also be considered solemnly pledged and set apart for tho payment of tho interest of the said loan and the Qnal redemption thereof. It. ii, apparent, from this act: First. That this is a loan by tho State. Second. The faith and funds oi the State wore pledged to secure tho punctual payment of it, with tho interest thcroon. Third. Tho money borrowed was to bo de posited iu tho Bank of tho State. Fourth. The president and directors of tho bank wore instructed to umko provisions for tho punctual payment of tho interest of the loan, and also the ultimate payment of tho principal. Fifth. The pro ident and directors of the bank were instructed to keep an account of tho profits arising out of this loan, as tho saino should be annually declared, which profits, with tho annual accumulations thereon, wero to bo considered solemnly pledged for the pay ment of the interest on the loan and tho final redemption thereof. Sixth. Tho profils ef tho bank wero also pledged to tho samo purpose, alter the pay ment, of certain debts, for which they hud been befoio pledged. This debt, linn created on the part of tho State, with the interest thereon, was punctually paid and discharged as it foil due, until July, 1808. The bank officers up to that tnno carried out, the ins'ructions of tho State cjntainod in tho Piro Loan act. Tue corporation known as the Pr?sidant and Directors of tho Bank of the State of South Carolina was incorporated in 1812, with power to sue and be sued, und authorized to issue notes for such Hums, and with such devices as was deemed expedient and safe, loan inonoy to the citizens of tho State, reeoivo money or de posits and pay away tiiosamo to order, dis count bills of ?xchat?vo, notes, Ac, Ac. Tho funds of tho Stato were deposited in tho bank, tp serve as capital upon-which the busi ness of tho bank was to be carried on. Throughout all tho years from tho founda tion of tho bauk down to tho close of the re cent war, tho bank continued in oporation, car rying out the purposes and exercising the pow ers indicated in its chartor. At tho close of tho war, on account of tho worthlessncss of its invostmonts during the war, it found itself insolvent, and unable, longer to carry on its business. The State, by act of December 21, 1805. au thorize 1 and rcquirod tho president and di rector* to oolh-ct th* assets and property of 1st. To the payment of the principal aud in terest of the bonds known as the Firo Loan bonds, payable in Europe. 2d. To the payinenl of tlio principal and in terest nf the Firo Loan bonds, payable in Lie United .States. 3. To the redemption of (he outstanding notes hitherto issued by said bauk. Atter the passage of this act, which appro priated, virtually, all the assets of tli?i bank (its banking oapitil) to tlic payment of the Fire Loan bonds (a debt of the State), the holders of the bills ol ilie bank issued prior to the war felt tbenuclvcs aggrieved, claiming that the bank, bci'ig insolvent, its assets should be first devoted to the payment of their bills. To secure these rights, claimed by t'.io bill holders, the suit orPabncy, .Morgan <v Co., and others, again-l the Lank, Was institutod. Their i bill inequity was filed in Charleston County <>n tho Ihirtioth of () tuber. 18(!7- The bank an swered February 3, 18(18, The Barings, roprc senting the Fire Loin bondholders in Huropc, came in to enforce 'heir claim, and answered on Hie twenty-sixth ?f May, IH iS. Maria Sim ons ami others, riurescnting tlio Fire Loan stockholders in Amtrica, for Ihn same purfYoio c imo in aud answered on the fifteenth day of April, 18(58. The Attorney-General (Governor Orr says without bis sanction?-soo message), on behalf ot tho SUtc, answered on lbo third ot April, 18-38. On (lie thrddayof March, ISt?S, Chancellor Carroll made the fallowing order in the cause : BTATK of SOUrU C,\UOL;na, CUAULKSTON dis TttlCT?INCllAXCEItY.? DETWKUN DABSHY. Mon ti an & COMPANY ANU Till*. PUKSlDKXT and 1)1 nkotous o? tui; la k of tue statu of south CAROLINA, I.T A!,.- D.'.Cltvi'Ai, ORDKltS. Upon hearing lu>? bill and answoi in (Iiis j ease, and upon mod,im of Ma-rrath & Lowndus, complainants' solicitors, and with consent of ?layne & Son, B?n?il<>rs of (lie pr?sident ami directors of tlio Lj#nk ot the Ststo of .South Car olina, ami of Baring Brothers it Company, and of I, W. Hay.10 and J. 15. Campbell, solicitors for Maria Simon'- and Jane V. Bowly, execu trix of Jane V. Heywaid, and Thomas Y. Sim ons, solicitor of Arnoldus Vanderhorst Daw son, holders of St.\io Fire Loan stock, it is Ordered, That tlio bill bo amended by making (ho Attorney-General, in behalf of the Slate of South Carolina, he being now in court and con senting, a party defendant, for the purpose of sustaining the validity of tho act of 13t'?, re ferred to in the pleadings, and also by making parties defcudaul the firm of Baring'Brothers A* Company, who nave obtained leave to an swer aa such, as also Arnoldus Vaudorhorst Dawson, Maria Simons, Jauo V. B >wly, cx ccutrix of Jane V. Hey ward, holders of Fire Loan stock, payable within tho United Stales, and as representing that class of creditor*, and that apou the coming in of the answers of the Attorney General in behalf of the Stato of south Carolina, and ol Baring, Brothers & Co., and of the aforesaid holders of the firo loan Block, made parties defendant, or an order obtained that tlio bill bo taken pro confesso against them, the case at and alter the first day of Inno next be referred to Mr. Tupper, one oi' tho masters, to luquiro into and report on tho matters set forth in tho pleadings, and \\i take such evidence as (he parties may oflor in support ot the matter charged in llie liill er denied in the answers, with lsavo to report special mallei*. 2. Thai (bo saiil master, by publie advertise ment in one or moro leading newspapers in (he cities of Charleston, Cincinnati, Now Or leans, New York and Augusta, call in any per son or persona claiming to be creditor holding bills or i.u/es of the corporation known a- the President and Directors of the Bank of the Slate of South Carolina, to m ike proof of their claims on or bel'oro the first day of June noxt ensuing: alao notifying by said 'advertisement all creditors residing in the United Stales holding Stato stock tor which said corporation lias been m ule liable by law. said stock being described m thonleadings as "Fire Loan bonds owned m the United Mates," lo make proof of the same withm the tame period. 3. In nil eases of persons claiming, whether said claims consist of bond <, Fire Loan stock or bank notes, due notice of the application to make proof shal; be given to tho parties to the bdi and ..nswers in (hoio proceedings, or their solicitors. And in all suoli eases whore parties claiming shall bold or bo possessed of any se curities given and accepted as securities for tlio claims by him or them made, such party or parlies shall, on presentation ot said claims, make a statement of such securities and their probable value; and also a statement of (be Imxp when the claim or claim* presented camo iuio. Uigi. her or their possession, aud tho eon considered by this court, m deterin?t?inV "lliS amount of such claims and the disposition of such securities. 4. It is further ordered, That, upon the com ing in of the answers of the Attorney-General in behalf of the Stote of South Carolina, of Ba ring Brothers A Company, and of such parties in tho United Stales holding Firo Loan stock as shall have answered in this case, on or be fore the first day of Juno next, or upon order obtained against any of such last mentioned parties that the bill bo taken as confessed after service of process to answer, then tlio said "the president aud directors of the Bank of the State of South Carolina," Charles M. Furnaan, president, and Tlio.mis R. Waring, cashier of tho said bank, do account bet?re Mr. Tupper, one of tho masters; (or the capital, property and assets o? said corporation in their bands or under then control (under such icgulationa as the said niastor shall prescribe), to the end that tlie case may, as speedily as possible, bo prepared for a hearing. 5. // is t'urtlter ordered, Tli.it to avoid mul tiplicity et suits and waste of the fund until such hearing ein be bad, and a decree render ed in this easo, all creditors of the said corpo ration, whether bill holders, bondholders or claimants in any other form, are enjoined from all proceedings in law or equity against said coiporation, us property or assets, except as parties to these proceedings. (J. // is further ordered, That in considera tion of the said injunction of the creditors of said corporation flora bringing suit against, the same, the said corporation, and said Charles M. Furman and rhoinas B. Waring are hereby enjoined, until tho said hearing shall be had and rondel" ;d, from paving over any portion of the assets (monies deposited since December, 18U?, alone excepted) of said cor poration, exc y* for current expenses, includ ing counsel fees for conducting the defence of Una suit, to any creditors of t.ie same, unless by" special order of tho court, without preju dice, however, to tho right of these parties to collect debto of tho corporation, aud t.> change tho form of assets iu possession. 7. II is further ordered, That the 'par ties to these proceedings new before the court, and thoso who may hereafter bo made parlies, have leave to apply to this court for any additional orders, winch may become necessary in the progoas of the cause, the above orders not being intended to conclude or in any way m'ujudgo tue rights oi* equities ol the parties to this suit. (Signed) J. P. CABB?L, Filed, March 3, 18(18. 3d March, 1808. Tims the cause stood, when the General As sembly, on the 15th day ot September, 18t>8, passed the ' Act to close the operations of the Bank ol the State of South Carolina." This act provided "thai tho Governor of (bo State is hereby authorized and required, for and on behalf of tho State, to take, possession of ail tiio real and personal estate, asset.-*, choses in action und books of accounts of tho corporation known as the President and Direc tors of the Bank of the Stale of South Carolina, in whoso hands soever found, and sell at pub lic auction, ut such timci and upon such terms as he shall deem most advantageous to the State, all the real and personal estate, stocks, bonds of the corporation and other as sots ot the. said corporation; and tho personal bonds, notes and bills of exchange owned by said corporation, and all dein? and choses in action duo tlio add corporation ho shall place in tho bands of the Attoruoy-Oeiicral of tho Stato, with instructions to institute, in tho name of the said corporation, legal pi'OCO 'dings to collect the amounts so duo as speedily as possible; and the products oi' .>u.id sales, and of all collections made by the Altorney-Ocnor al, shall be deposited in tho Treasury of tho Stale, subject to the order of the Governor, who shall ko< p a distinct account thereof, sep arate and distinct front tho othor accounts of the State, aud shall report the same to tho next succeeding ses* ion of tho Legislature." Tho second soot on ol sud act provides for tlie funding by (ho State of all bills issued by said corporation prior to tho'20th day of De cember, A. D. 18(30 : "Provided, That said bills be presented to the treasurer before January 1st, 18o?." It will be seen, from tin i act, that tho Legis lature sought to cut tho Gordian knot of liti gation by taking possession of the assets of the bank an I paying off the billholdcr.j, who were regarded as having an equitable lien upon them. (See Outran vs. Stato of Arkansas, re ported in 15th Howard's Reports, page 304, Decisions of Supremo Court U. S.) Tho Firo Loan, bondholders were not regard ed as having any specific claim to thoso assets, and lionco their claim was not provided for in said act. They were regarded aa general cred itors of the State, and not of tho bank, as en titled only to the annual pro?ls of tho bank so long as profits were made. Their bonds, to the amount of ono bundled and nino thou sand pounds slorling (or about five hundred thousand dollars), tell duo on the 1st of July, IH'38, and Mm payment, thereof should have cuomont of tho special Bossion, and consider ing the near approach Of the regular wession, thin matter was temporarily postponed. The sacrednrss of the obligation ot the Stale (o pay these bonds ban never been questioned by any person, and probably never will be. The charge sometimes made thai the attempt on the part of I ho State to lake possession of the assets of (bo hauls was an act of bad luitii towards the Fire Loan bondholders? "an act of spoliation"?appears to your committee utter ly unfounded, and probably would never have been made except in the extreme political ex citement of the times, or perhaps Ihoovor-: ro fcssional zeal of attorneys. ...The (i >.-cruor of (lit! State, pursuant lo the net it) clo^c the operations of ih bank, 01 I ho 15th day of October, 18(58, demanded the pro perty of the bauk of tlio president aid dtioe tors. J hoy deelinc I (o tlclivcr up tie' satuo. Tltorctt|)ou a \>iii of muwlunus was sued oui against thorn bo lorn Associate Justice Wil laid to compel flic president, and tliroctors of the batik lo deliver to the Governor tbo as sets oi' tlio baiilt, according lo the tenor und fc'ft'ocl of the said act. After full argument 'if the cause, tue wril was rolused. A wril error to reverse this decision wit, brought, and is now ponding in the Supreme < ourl. On tiie - day of October, 18!>8, the Barings, representing Hie Vivo Loan hon lliolders 111 Europe, by their eouu.si 1, Mow.*. I. W. tl.iyuo and J. 11. Campbell (who uro also counsel lor (lie presidoul and directors ai the bank), brought their l>iil in equity it Lne L'n?o.l States Circuit C ?urt against t to pr ; leni and tliroctors of the Han. of lie; Siat') ol South Carolina, and It inert K. Scott, (lover 101 of the Stale of South Carolina. The object oi lids bill is to restrain the Governor from carrying oui the act to close 1 he operations of Hie bank, and to nssei I (he claim of the Fire L ).tn Lion : holders to (he a-nets ot tin' bank. TilO in junction prayed lor lias not b ;on granted by the court, nor any further step taken, as yet, in the cause. In tlio ease of Dabncj, Morgan & Co., against Hie president and directors of the Bank of the Stale of South Carolina ami others, in equity, tlio following further order was granted on m'lion of Messrs. l-layne and Campbell, coun sel for 1I10 Barings, on tlio JlOlh of November, 18(58, to wit : ' It is ordered and adjud ;e i that (lie defendau'8, Charles .M. L'urtnaii andTLos. li. Waring, be enjoined, until the further order of the court, from nlieuating,transferring, as signing.disposing of.or in anywise parting with the p issession ot any portion of the as-ets or properly of the corporation kuowu as the Pres ident and Directors of the Bank of tbu Slate ot South Carolina, unless by the special order of this court; provided, that nothing herein contained shall bo construed as conflicting with tbe provisions of the sixth elauso of the o'.-.lcr hereinabovo referred to, of the third of March last. ' Thus it will bo soon there are three several suits pcntliiig ? one in the Court of Etpiity, 0110 in the Supremo t ourl of the State, and one in the United Slates Circuit Coin !?tin: object of oteh of which is to secure the assets o. the bank. Your committee refrain from expressing any opinion upon the legal questions involved in said suits, but would express the hope, now that the stability and solvency ot the State Government are assured, the excitement of the political campaign subsided, thai I lie par ties to these suits will lind it to their advan tage to amicably settle the same. All of winch is respectfully submitted. D?T. COIililN, Member of Committee on b half of the Senate. HKUBI?N T0ML1NSUN, Member of Committee on the part of 1 lie House of Representatives. C ?lnmbia, S. C liecerabcr 18, IStiS. CctnmcrttiU. Exports. NEW YORK?Per steamship Charleston?1381 bales Upland and 5:t I a^'s Sin island Cotton, IS'.i bbls llosiu, 25 e isks Clay, 21 pk^s Sun J ries, 22 bale Yarn, and 131 pk.;s Fruit_l'er sehr Myrovcr? '.IS ba;;s sea Island and 100 biles Up and l otton, 207 casks Kaolin Clay, 10(10 bails Cotton Seed, : .;),OOJ feet Scantling. 70 tons Machinery, 13J ca ses Railroad Spriags, 350 empty He' r Barrels, 60 barrels Boer, 85 coils Rope, 40 em.ity Carboys, 21 pk.rs Furnituro, and 20 hlids Hones. BAL IIUORK?Per sehr Nell e I' bar e -?ll '.OOJ 1. ct Lumber. Ciim-lcstou Cotton and llicc Mat ki t. OFFICE U. I'UU CIl.VULIisTON UAH ? NEWS, i Charleston. Tuesday Evening, January 6, '(i'l. 1 COTTON ? The market lor this articj continued aicaauy In lavue 01 ;<i 1, ....... 1,-,VJ. ?jf *..?....? <? to lc "ft Hi. the stoek hcin ; very limite 1. tales 550 bales, viz: 8 at 24, llatatL/, c at 2i?tf, 71 at 25,.4:1 at 2??i, 55at 2?34, 10at2>?.?, lot? at 20. il at 20.'4, 11 at 20M, 0 a: 20\'. 3 at 27, 0 at 27.<j, and 100 bales ou private term-. Wo quote: liverpool classification : Ordl iury to good ordinary .24 k(f<125^ Low middling.96 (v,? Middlint. .26)i@? Strict middling.27 ft)? Good nrddLiu^.27,'? ? By New York clisaificati 'U we quote : Low mid fling.- ' 1 <"<t ? Middling. .27 ' <,? R!Ct-', ?Tiic dem ind tor this [,'rain coutiuue 1 good and pris28 Arm. Sales about 82 tierces of eie.au Car. olina, say 52 at8'ic ti lb, 10 do at '?4e, 15 d> ui 8 "a c ^ lb. We quote common to fiir clean Carolina at 7Jj@8.l4'; good SX?^ii '< conni >a prime 8\ic. ?tlnrtceli by 'I'ctegrapli. FOREIGN MARKETS. Lokdjn, January 5?2 P. M ?"Joanols 92?i. Tur pentine 30s. Liverpool, January 5?2 P. i\I.?Cotton active; Unlands 11 '?'d; Orleans ll'Js I. iaies ".5,000 bales. Pork ilrm. Bacon 5:>-i Cd. Lard 07j. Yarns and tabri?s at Manchester quint and Ilrm. Rod Western wheat lOi.alO-t. 3d. Corn 3:s tl.l. Havbs, January 5.?Cotton oo the spot ?juict at If. 23c; afloat dull at If. 27c. DOMESTIC MARKETS. New Yons, January 4?Evening.?Cotton 27 cts.; sales 3300 hales. Money str.njeat at 7. Gold weak er at 35'a'. Sterling 5>J?. January 5?Noaa.? JoS'Oii tim.-r at 27i27'.i c.ts. Money active at 7. ?teri?i3?>i. Gold 34?.?. 62'sll. Evening.?Cotton sa'e t 40 )') balo-t nt 27e. Flour? low grades advanced 5al0c; niodiuni and good tlc scrlptions tltili and dacliniag; superfine ifC 30; Ss'.itbo;n rather more steady; comrnm to fair extra f<7a7 50. Whe.it In good export demand. Corn in fairCTport demand; red mixed Western 93a$l (>2; old $1 OGalll; wiiiie Roathorn $1 07.il 07:;. Oats favo: s buyers. Poiklirm sr at MS), a2J. L:.rd 17^4'a IhNaval stores qui^t Freights decliiiiug?ou otton by tail 'a, by gleam ;u'a7-l l. CiNciKXATi, J.iu iary .1 ?b'lour quiet; fimily 7'.a 1%c. Com dub at C5j. Whi^koy ilrm at $1. Mass pork r,o. held at bulk meats?shoulders 11,14c; clear sides 15,'4c. Bacon active; shoulders 13t4c; clear sides 17'.,'al7'4c. Lard?'.itt le offering; prime held at 10^. WiLuiNoroN, January 5.?spirit- turpentine ac tive at ia.ki7. Rosin steady?strained to N<> > Turpenrino unchsng;d. Tar ndvaned 5.1, S2 05. Cotton active, 25a26j4. A doUsxa, January 5.?Cott.m ftVmer; sales 80O balcH ; receipts 325; luidJlinijs 25Ji. Savannah, January .">.?Cotton opened firm and cl?3c? active; sales 1050 bales; middlings j0i2(>'4 ; receipts 2525; exports?coastwise 1310. Mobile, January 6.? 'otton sales 8.10 bales; mar ket firm at 2>,4a20; receipts 2>i03 bales; exports 2120 bales. New Orleans, January 5.?Cotton higher; m.l dlin;;s 25^a2(ic; sales 57i)0 unies; 1 ceci,4s 8168 bales; exports 1884 baies. Gold 35. Storling -1?'> ' j ; coin morcial 45,!.j i4C; Yorlt .-ightex -h m ,0 \'t\'*a discount. Sugar an 1 molaasas active and buoyant; common sugar Oaluc; prima ill^alie; yellow c.ariflod f;ia 13?4c; com in m malassea 5J;.. i?7c; prime 65a88c; choice G9a70o. VVilinliigton Market. WILMlVOrOS, January 4.?' URPENTINE??8 in demand, and prie) advanced 15.12.) . s ties of 183 buls at %:i 30 for soft, and $2 20 for hard, <fl 280 lb .'. spim ra lunTENTiNE?Market quiet and ne sules roported. Rosin?Market steady, .-ale* of 843 bbls tit SI 75 f r blick; i2 for strained and No. 2, and &3 2584 i<<r No 1, a- in qu&lity. Tah?only 24 bbla rcc ivod an.l sold nt $2 ^ b'ol. COTTON?i-mall siles at 24!^c for mixed grades. Consignees per >?ntlt t arolina ituilroad lannary 5. 517 bales Cotton, 00 bales Domestics. 88 bbls Mo lasses, 1?4 bbls Naval Stores, 7 e>rs Wood, 140 sacks Corn, 4 curs Lumber, 2 cars slock, lo Railroad Agent, Graescr, Lee. Smith k Co, P< lzor, Rodgers A; Co, W WSmith, Bowling As (!o, Heeder & Davis, G fl WulU-r & <:o, A J Sa'inas, Wardlaw k Carow, Mowry k Co, W C Bee A: Co, W K Ryan, J N Robeon. W 0 Courtney & Co, R C .shurp k Co, Jllli Sloan, Huat k Bro, Willis k Chisolm, Clitghorn, Herring k Co, G A Trenholm k Sou, T Tapper & Sons, Tiuenian k Co, and Kripp ?t May. I>csssenaersi Per steamship Charleston, for New York?F Shaf fer, T O'Brien, B Bowd, O H Williams. James Jack Per stofimship Manhattan, from Now York?J U Mc Glluocy, Mrs IC M Hutchison. Mrs ! li Ryan and 4 children, Miss Wager, K 8 Miller, George (i?ruer. Captain Brightnian, R Putohold, Henry Cabin, .1 .) Qiunu, OW Howe aud lady. Mm W H Ariioux and child, Mrs M II Rao and child. W It Jones. Ma ter U Rae. Captain Ii II Pel tee, It Loug, tltld I on dock. ill a line Htm. fori <>l OruirleHton, .lam i.u.y <3 ?Joitrr CAi^;,M)yvw.. I h as. s or m i: moon. I ast Quarter, 5tb, j botu'8, 2 minutes, morning. N''\v M ion, 12th, 1 hours, S.i minutes, mug. Kirst Quarter, 20Ui. V hour, <; inimit?s, ? venin ;, full Monti, 27th, 8 hours, 10 Minutes, evening. jam a uy. UIOU wa ri.n. ^ j oi rs , Monday...'.I 7 . ;?.. iuiiriL 12..30 I'ttesd.iy.... 7.. r> , 5.. (! 12.. 7 : 1..25 NVclix - I . . 11 ? r;Xhumloy...j v.. r, i r,.. s ; 2..lu ' 3..30 8,lml.i.V.! .- , "I -i : > !..:;7 Hi Su tu rd IV.. .1 7.. 5 I .'>..1H I !.. U i > lO?Kiiudav.I 7.. 5 I .")..ll I :?.. I 1 0..10 Arrived Yesterday. Sleam-'hip Manhattan, Woo.llmU, New York?loll 2diUSl. M IM'. mi .= Ad e. ,V C i. .1 Ii AdgOl'Ai Co. .1 I) Aikeu Co, Admis, Dam >u k Co, It Arnold, II His-: otV& Co brown k Hyer, c < !'.: tii .v ? o, C H?tcs Ai Co, T M Brutoll, Curttuitl, Hub' so i & Co, W 11 ? h it'-'' & i n, N \ uhen, Clachis ,v Wi.! , T Ai Cuter, John t ionimins, Cra; , Boylsion .V . < o'ieii Haiiel; 1 \- Co, (i W CI ill; \- t >, \V S Col win ? o, W Carrin^l ai Ac Co, Dawie .Moi -, Ile.ir.y Daly, 1)1' Fleming .v. Co, i I, b'ilk & Co, It LViduiann ,\ (' >, s l'\.ss, b'oisyth, MeConib A: Co, I? LOuiilcimn, (ill Orubv.i, Ii Gerdts & Co, J II Graver, c... . ticnier, \ (i Goodwin, Agent, iiart & < >>. N A Haut, li Henry, 1 11 rro m Ac Co, J LIurltiHip Ji Co, A Illing, Johusto >, Crews A: Co, Krvitc Ai chapman, Kmsm n Uro, ! P Ki i--. f Kre . oil. Uduck, Wi 'kelihcrg ?v Co, T W Lewis, A Bulger, c l.u-i hgi, Laurey .v Alexander, v, Mcl.oui. McLey Rice, i McCarthy, W \ Martens, M?ller, Ni uiw Ai Co, s It Marshall, .1 G MiiHor .v Co, Mvti M O'Neill, II C'Neill. J C Ogeinun. 1) Paul ,\c Co. W l<" Pad i to n, C V Foppi iilieim. i'elz "r, Rodirers .v Co, M MQuiun >v Uro, Southern lixprc-s Co, s; C Railroad Agent, li i! Stoddanl & Co, S s Solomons, Supt, H st lenken, SI uIiousa & Co, G W Meffjns te Co, W shcpctird, J 1 horusoii te Co, M A fuimlnus-m. Paul, Welch te Hriudo?, Werner te U n ki r. I? Wehman, W J Va es, and olhers. Sunday, '.' V M, Natteras Light bearing southwest, passed steam-h n Champiou, heucc loi' New York. Sehr Jonas smiui, Nichols, New York. ?dar -. Mdse. lo Wm Ito en \- Co, J Ii Adgi r te Co, H li s ehoft'te Co, WM Bird te Co, G II lirowu, Uollmauu Bro;. L c Bin ii r, W H i hat* e Ac Co, Cameron, Bark ley te Co, Mel nut'Cohen, .1 Canipseu te Co, Rte A 1' i aldwell, J C II clausseii. o W Clark & co. Il Cobia te Co, Oowic & Moi.se, D b'Fleming & C >. W H irnian, Hart & C*. Holmes A: Cahier, .1 W Harrissou, -l Hur kamp & <.',o, Jo^e Jara, Jcnniugs, Thomlinsou te Co, JoO'ords te Co, U W Kinsmru, C Giav. Icy, H Gerdts & Co, A Langer. M Luhrs, b O'Neill, J F O'Neill & son, Order, l) O'Neill A: son, Oluey Ai Co, OHtendorfT te Co, J lt Pringle, s c Railroad Agent, J HRcuneker, J A Qu ickcnbnsh, E H Stelling, H scfglintr, 1) U sil ?ox, W Uff. r'.ardt. J 11 V?llers, Paul. Weleh te tiran des, W L Wtlib. J N M Wohltman, Wagencr ,v Mon stea, West te Jones, Walker, Ii van s & Cogswell, Wer ner it Din ker, I? Walsh, W U Teh grai b Co. J N RoU son, GSHa.'kor, L) U Mitchell, NS'ilkeus te Hrown, and Stea Imau Yeadou. Sehr Willie Martin, Collins, Portland, Mc, 12 days. Hay. To T T up per te Sons. Sehr II N Squiie, Chase. Wood's Hole, 9 days. Guano. To the Master and J N Itobsso. sehr Independence, from Chisolm's Mill 100 tier ces Riee. To Reeder te .Davis, W C live te Co, und 1 hut's ou te Holmes. Sehr Ann fc l>eas, from West Point Mill. 24 tierces Riee. To J R Pringle, and Shaekelford te Kelly. sloop Ida. from John's lslind. bushels cotton Seed. To John luo'ncy. Rcc ived lrooa Bennett's Mill. 132 tierces Rice. 'To Tuurstou k Holites, W 0 Bee A: Co, an 1 A i anale. Received from West Point Mill, 20 tierces Rice. To Reeder .V IhiVlS. Received from Chisohn'? Mill. 10 tierces ltice. To Rc der & Davi-i. BELOW. A Urig unknown. IN THK OFFING. Shin Grahams Policy, Burgess, Antwerp, 10 da Ballast, lo lJattcr-on & Stock. Cleared Yesterday. Steam skip Charleston, Perry, New York?James Ad g?-r A: Co. DriUsh bark I' .wnee, Hutiou, Duricn, Ga, to load for Qiieoustown?Risley .v Creightou. Sehr .My rover. Brown. Si w York?SV'iii Roach -v C o. sehr Nellie F Burgess, Mclieau, Baltimore?W ni Roach te Co. Sailed Yesterday. Ship Sum tor, Keenc, st Mary's, Ga. British bark Pawnee, button, Danen, eta. Sehr N W Smith, looker, New York. Steamer Dictator, Willey, Palatka, via Jacksonville Fernandlna, and Savannah. H'i'i-i' r?o.-f Steamship Champion, Lockwood, New York, Jan 5. Steumship Magnolia, Crowell, New York, Jau 0. ?' isiicws l?y Telcgrapla. New York, January t>.? \ uirca- to.nusniun aau Jaeint ). H'lntSVllle, Magnolia, United Sides, AlbOl marlo, aud Champion. Savannah. January !3.?Arrived?Ship L?mmer moor, Bcfjst, Ireland; brig W H Parks, Bibast Me; schrs Red lingtDn, Providence; Charter oak, VN iscas set, Me; steamers North Point, Baltimore; ?nn Salva dor, New York: ship Constitution, Liverpool. Cleared?Brig Precision, B stou; s eamet Cleopat ra, New York; sehrs Ann iV Susan, Wilmiu^ton, N ^ ; Coquette, Matauz.is. Below?A schooner and a butch galUott. The weather is clear aud cold. VSmd stiff, N N illcmoru.nt?A. port of Georgetown, s, c, to January 4. arrived. December 29?Brig Fanny, Butler, Philadelphia; sehr Daybreak, Make, Searsport, Mu. December 31?Sehr James Crocker, Currier, Bos ton. January 2?Sehr Artie, Garwoo I, Boston. cleared. December 30?Schrs L V li,lwar,ls, Marshall. New York; George te Albert, McDoua'.d, Newoiu*yp >rt ; J L Merrill, Weeks, Ne .v York. December 31?Sc? r 'Jar/ Stowo, Raukiu, New York. January 4.?Sehr Moses Patten, Harding, Barba does; brig Ucu Carver, Mcars, Porto l;ico. Tup: New (Clipper Ship Sovereion op the seas.? In the production of this noble clipper Mr. Donald McKay, tue builder of the Great. Republic, has fairly surpassed all Iiis other productions, and this is say ing much, when we et I to mind that he has designed aud bu lt the flying C >> id, ii- nwiec of the Sea, Fly in.: i i-h, and many o h ?Ii i I'.yiug ('loud nuk ing five pis ag s t> - ::i l'-i 1c1sco, aVOlMglUglOl days, and iho Rouiauco o t'io -eiand Flying bT-h averaging lOidiys, whi.-li invc liai uoequals for speed aud other sei-goiig <ii:i:i i;H 1'lns snip is l,")H2'j tons r?gi-ter. is ri led out iu supernr stylo, intes AI* I ir ?ine yea:.:, ;l?)d comuiauded by Cap. tain Baxter, an nblu and ccpi.^'icu ed seamm. every way qualibod to m-iko Una do her best. Not only is she. bttili o:' oak au i coppn 'astoi.cd, but is sheathod With yellow metal n-> to twenty-ono feet, aud thor oughly ventilated, she U cow lying at pier No. 19 blast River, loa ling in iho Dispatch lane oi Califor nia clippers, and is reeeivin ; trei .'hi rapidlv. Those who have se> n tu r speak <!' i:ci- ui ici'tiis of unquali fied admiration, and well tlmv m i,v. to:' he will be un lioui r to :he A.i.eri a ; flag wherever she il ?ata. Tlic ship Nunqumn Dor.nio, which arrived at Havre on the 30th nit, from Mobile, made the pas sage in 2:> day-, being the ^iio teil rua ev. r ma 1j by a sailing vessel between tho two ports. L!^'.V Ob' Vl'i-.'i: LS UI'. CLEARED ASU (JAILED FOll THIS POIijl liverpool. Steamship Goldo i Horn, M.'Baath, up.Deo; ? Ship Richard the third, Wood, SaiU'd.Nov 8 AXTWEllP. Ship Grahams Policy, Barges.', sa?od.Nov 15 ALLOA. Tiic Jane, c arson, sailed.Oct 21 LEI ra. TheHarkaway, Horton, sailed.Get 21 The Euiguedi n, Horsleudahl. saiied.;.Nov iy havana. Spanish polacro Marii, Font, Railed.Dec 25 OIENFUEOOH. Spsniah polacru Vcstui, -, sailed.Doc 10 ;> (i m r. < i le wise as itt'P, ME. Sehr Aialautu, Tue;cr, sailed.Dec 18 ROCK LA K n, HE. S'chr Win Jones, McKeau, up.Dec 22 NEW PORT, R. r. Sehr James Wbi'ohouso, Jones, sailed.D?c 28 mi' tod. Sehr S Ii Corso.i, Brown, lip.l'CC 2C Sehr Charles E Raymond, Uiggins, cleared... Dec 2t> <ii??. XOiif, Sehr Ii 11 Fnrber, Coll, up.Dee 23 Sehr Robert Caldnell, McCormiok, ni?.Dec 22 bebr Annie Ii Glovor, barris, clearod.Dca 23 sehr J L Ltueh, Stafford, cleared.Dea ii Sehr Nel.io Carr, Lansdl, ciliare,I.Dec 31 Sehr A G Ireland, fownsend, cleared.Doc 31 PHIL Vl'l.1.PHI V Sehr Albert Thomas, Ro-tg rs, c rarcd.Dec ;tl Steamship Alliance, ! C1 -on, ".let c !.Dec M Sehr Charle? Ii Page, Doughty, sailed.Dec 18 It O S A JD A L I ? Purifles the Blood. l?'or Sale by Dvu^Klsts Kverywhcri. July 23_ 0*0 lyx Q\ RIPFIN, BUOTtlKR oU CO., GROCERS AND COMMISSION MERCHANTS No. 105 LOMBARD-STREET, BALTIMORE. fjcpiitic pittcrs. ?NKNIN'S i111 m? lid III! in mi IIIIHHIIU llll Ilil III! Ilil I ; 11 m; ittft.ee i ! ; i : ? : i : i : lt, i ! is iteitet. I ' I * 1 L> i'i' IT ITITITL'I i'i' a \ aaa a a a a a a a a aaa \aaa a a a a a a a a TUttttttt ttt tj r j tt t i t tt'l tit LilJ Jill Ilil III! llll llll Uli cccccc GO CC CO cc CC cc CC CC CCCCCC BBBBBBB BB It li BB BB BBBBBB BU BB BB BB BBBBBBB HT I ilil mi mi mi mi mi titrtxttt ttt t it ttt ttt ttt ttt eeeeeee ee ee is is ee EE ee eeeeeee RRRRRliR RR RU UK RR hRRRRR RR RR RR RR RR RRR SSSSStSH SS SS sss 1ssssssss sss SS SS sssssss THE BEST TONIC! NO\\ IN USE. RECOMMENDED BY TUE MED1CM FACULTY. c u h e s TW? PTC PRIA DEBILITY LOSS OF APPETITE SICK HEADACHES INDIGESTION AND ALL DISEASE* AUlsiNti FROM A DI??P. - DEttED STATIC OF THE STOM \ CQ Oll LIVEIt. H EG EU AN m CO., Agents in Xctv York. MANUFACTURED BY C. F. PANKNIN, Chemist and Apothecary, No. 1 2 3 Meeting-street CHARLESTON, S. 0, 4<y For sale by Druggista everywhere. PUICE : By sin ilo bottle.fl 00 By half dozen bottles. 5 November 2*