The Charleston daily news. (Charleston, S.C.) 1865-1873, April 06, 1871, Image 1
VOLUME XI.-NUMBER 1578.
CHARLESTON, THURSDAY MORNING, JANUARY 12, 1871.
EIGHT DOLLARS A YEAR.
? PLEA TOR SAN DOMINGO.
GRANT'S EXPLANATION OF "XT
FOLZCY.?
Where the Work Began-A Hard Rap
at Sumner.
WASHINGTON, April 5.
The following message was submitted to
Congress to-day:
To tte Senate anet House of 2iepresentatives:
I nave the honor to mb ml t herewith to the
two Hot? es of Congress the report, o? the com?
missioners, appointed in pursuance o? a Joint
r?solution, approved January. 12,1871. If will
be observed that this, report more than sus?
tains all that I have heretofore said in regard
to-the productiveness and h eal th fui a ess of the
Republic o? San Domingo, of the unanimity o?
the people tor annexation to the United States,
and of their peaceable character.
It ia- doe to jLhe public, as it certainly is to
myself, that I should have given all the cir?
cumstances which first led to the negotiations
of a treaty for the annexation of the Kepubllq.
of San Domingo to the UnltedVStateB. When I
accepted tie arduous and responsible position
L which LDOW hold, I did not dream of lnatltut
K lng any steps ior the acquisition of insular
I possessions. I believed, however, that our In
|f stitution8 were broad enough to .extend over
1 the ea tire continent as ?rapidly as .other
people might desire to bring themselves under
our protection. I. believed, further, that we
frghould not permit any Independent Govern
PRit'?t, within the limits of North America, to
pass from a condition of Independence to one
of ownership or protection under an European
power.
Soon after my. Inauguration as President, I
was waited upon by an agent of President
Baez, with a proposition to annex the Repub?
lic of San Domingo to the United States. This
gentleman represented the capacity o? the
island, the desire ot the people.-and their
character and babita, about as they -have been
described b> the commissioners', whose report
accompanies this message. He stated,
further, that, being weak In numbers, and
poor m purse, they were not capable of devel?
oping their great resources; that the people
bad no ; Incentive to industry on account of
lack of protection for their accumulations, and
that, if not accepted by .the United States, with
institutions which they loved above those of
any other nation, they, would be compelled to'
seek protection elsewhere.- To these state?
ments 1 made no reply, and'gave no indica?
tion Of what. I thought Ol these prop asl ti on e.
In the course oi time, I was waited upon by a.
Becond gentleman from San Domingo, .who
made the same representations, and' who was
receded in like manner.
"In view o? the "facia which bad-been laid he
fore me, and with an earnest desire to main?
tain th? Monroe Doctrine, I- believed that I
would he derelict in my duty if I did not take
measures to ascertain the exact wish of thc
government and inhabitants of the Republic oi
San Domingo ia regard to annexationvand
communicate the information to the people bi
the.United States. Under, -the attending clr
cu nJtau cea I felt that, ii I turned a deaf ear lo.
this appeal, I might, in the future, be justly
charged with a flagrant neglect o? tho public
irlt?r?st8,"ano! an utter disregard of th? wei- .
fare of a down-trodd en raoe, praying for tho
blessings dT a free and strong go ve rn m en t, and
for protection in the enjoyment of the fruits yt"
then* own industry. . - - *
The opponents of annexation who beret > ,
fore professed to be pre-eminently the friends
cf the-Rights of Man, I believed'would berny
most violent assailant* ttl neglected so elev
a duty. Accordingly, 'after having appointed
a commissioner to visit .the Island, who de?
clined on account of sickness, 1 selected a sec?
ond, gentleman in whOEC capacity,'Judgment
and Integrity I.had, and have yet, the most
unbounded confidence. He visited-San Do?
mingo, not to secure QT /hasten annexation,
but. unprejudiced and unbiased, to learn ali
the facts about the _ government, .the people
and the resources of that Republic. He went
certainly aa well prepared to make an unfa?
vorable report as a favorable one, if tte facts :
warranted it. Hts report fully, corroborated
the; "?itew? of previous commissioners, and,
upon its receipt, I "cit that sense o? duty
and a due regard for our great national inter?
ests required me to negotiate a treaty for the
acquisition of the Republic ol Bah Domingo. '.
As soon as it became publicly kn Cw ru that
sacha txeoXy had been negotiated, the atten tlon
oftha country was occupied with allega tl ons.
calcol?te?Vto prejudice the merits of tee case,
and with aspersions ' upon those whose duty
had connected them with lt. Amidst the pub?
lic excitement thus created, the treaty failed?
to receive the necessary two-thirds vote of the
Senate, and was rejected; but whether the ac- j
tl on of that body Was hosed wholly upon the
merits Of Uie treaty, or might not have been
In some degree influenced by euch unfounded
allegations, could not -oe known by the people,
because theniebates of the Senate, in secret
session, are not published.
Under these circumstances. J fi 3emed it" due
to the oitce which I hold, and due the chara'c
terof the agents who had been charged with
the investigation, - 'that such proceedings
should be had as ? would" enable the people to
know the truth. A commission was, there?
fore, constituted under authority of Congress,
consisting of gentlemen eeles ted wit1- special .
reference to their high-character and capacity
for the laborious work entrusted to them*, who
were instructed to visit the spot and report '
upon the facts, Other eminent citizens were
requested to accompany the commission in
order that the people might have the benefit'o f
theirWlewsr Students of science and corres?
pondents of the press, w Rho ut regard to poli?
tical opinions, were Invited to join, the expe?
dition, and. their numbers were limited only by '
the capacity of the vessel.
The mere rejection by. the Senate of a treaty
negotiated by the President,*only Indicates a
difference of opinion between two co-ordinate ?
departments" o? the government,- without
touching' the character or wounding the pride
of either. But when such rejection takes place
simultaneously with charges openly made.of
corruption on the part of the President, OT'of
those employed by him, tbe-case is different'.
Indeed, in such case, the honor of the nation
demands investigation. ' .This, has been aCcom- .
pllehe? by the repor: of -the commissioners
herewith transmitted, and which fully vindi?
cate? the purity of the motives and action ol
those who represented the United States 1n the
negotiation; and now my task 1B finished, and
with ?tends all personal solicitude upon the
BubJecL, . k
My dnty being done, yours begins, andi
gladly hand over the whole matter to Ure judg?
ment of the American people, and of the rep?
resentatives in Congress assembled The facta
will now be spread belore the country, and ?.
decision rendered by that tribunal Whose con
vicUons so seldom err, and against whose will:
I have no policy to enforce. My opinion re?
mains unchanged-Indeed lt is confirmed by
the report, that the interests of our country
and of San Domingo alike, Invite the annexa
tlon of that, Republic.
In view of the difference ol opinion upon
this subject, I suggest that no action be taken
at the present session beybnd the printing and
general dissemination of tbe report Before
the next session of Congres* the people will
have considered the subject, tod formed an
intelligent opinion concerning lt, to which
opinion, deliberately made up, it will be the
duty ol every department of the government
to give heed; and, no one will more cheerfully
conform to lt than myself. It is not only the
theory Af our constitution that the will ef the
people," constitutionally expressed, is the
supreme law, but I have ever believed that all
men are wiser than any one man, and if the
people, upon a full presentation of the facts,
shall decide that the annexation of the Repub?
lic ls not desirable, every department of the
government cught to acquiesce in that de?
cision.
In agun submitting to Congress a subject
upon which public sentiment has been divi?
ded, and which has been made the occasion
of acrimonious debates in Congress, as well
as-of unjust aspersions elsewhere, I rijay, I
trust, be Indulged in a single remark. Nb maa
can hope to perform the duties so delicate and
responsible as pertain to the Presidential office
without sometimes Incurring the hostility ol
those who deem their opinions and wishes
.treaded with insufficient consideration; and be
who "undertakes to conduct the affairs of a
great government, as a faithful public servant,
li sustained by the approval of his own con?
science,'may rely, with Confidence, upon the
candor and intelligence of a free people, whose
best interests he has striven to subserve, and
can bear with patience the censure .of dis?
appointed men.
(Signed) U. B. GRANT.
Executive* Mansion, April 5,1871.
THE BEIGE: OT TERROR ZN PARIS.
The Reds Undlafuayed-Wholesale Con.,
.erlptlon of the Parisians-A Despe?
rate Battle Imminent.
PARIS, April 4-Evening.
It is rumored the Nationals have sustained
a-decisive defeat. Forty thousand Nationals
are massed belore Issy and "Clamart. The
ra mparts are strongly guarded. Valerien Is
.silent. The artillery duel between Issy and
Versailles continues.
LONDON. April 5.
. The Times" special from Versailles states
that fifteen thousand insurgents have been
taken prisoners. Paris is in consternation.
The people ol'Versailles are greatly Irritated
against tbe insurgents. The Telegraph's cor?
respondent says the First Prussian A rm y Corps
has been ordered to. nord iiaeLf ready to.march
to Paris. The reign ot terror continues.
The Dany News* special' says the NationalsJ
attacked the Government troops on Tuesday
sear Meudon, and suffered a complete tout.
Garibaldi declines the command of the Insur?
gents. It is rumored that twenty thousand
Nationals have entered- Versailles, but the re?
port IB considered of donbtiul authenticity.
The effective strength of the Communists con?
sists of one hundred and twenty thousand
men and two hundred ga ns. General Ends ls
reported wounded la the recent"battle.*"'
"VERSAILLES, April 5.
M. Picard bas Issued the- following circular
to the prefects: "The Insurgents, have re
CelvrtTa di?dUiTtrcheck. our ir o ops bave cap?
tured the redoubt st Chatillon, with two thou?
sand prisoners. Flourens and Duval are dead,
and Henry is a prisoner. Twenty-two of the
Crim<s??l8ts have resigned, and Assy bas been
Imprisoned "by bis own followers. The goK
ernment ls happy to Inform yea of this con?
dition Of affairs, which it has expeoted.''
MADRID, Apr*.' 5.
Olozaga bas been elected provisional pr?si?
dent of the Cortes.
j - ?? ?? ? BERLIN, April 3. ,
; The Emperor William, ia replying to the
congratulatory address voted by the Belch
Stag, thanks that body for its loyalty and de?
votion*,' praises, the heroism ol the German
soldiers, and points to the visible guidance ol
God In the events ot the recent war. Se says j
the condition-of France ls'owing-to revolu?
tions of eighty years, and-expresses the bellet i
that the German '-nationality in Alsace and
Lorraine has been merely defaced and not de?
stroyed during the compulsory union of those
provinces with France. The Emperor con- '
dudes as foHdws: '.-Being now an old man, I
merely- lay the loundation of the Empire? ?
which my successor "must complete."
: ' The Latest. . 1
? v tved . VKRHIUU,K?, April 6. ?
Notwithstanding their defeat, tbe Commu- ]
nlsts have raftfed all their torces In Paris, and :
a desperate conflict will take place before the j
government troops enter the capital. The
Coipmune bas ordered aR citizens between.
seventeen and thirty-five years ol age to enter
the ranks, and this decree ls enforced with
great vigor. Assy, Bjanque and Gamboa,
having Incurred the' suspicion of their ' col?
leagues, have been arrested, and are In dan
ger of execution. Prlrroe JoinvlHe has fled fo
London. . - " .' -
-rr-z
THE NOSTLTERN ELECTIONS.
. WASBTNGTQN^D. C., April 6. .
The latest from Connecticut, gives English
rive plurality^ and the election Iles undoubted- i
ly with the Legislature. The Democratic ma?
jorities in St; Lotus range from thirteen hun
Bred to three thousand" two hundred. The |
Democrats elect ten of twelve aldermen, I
which, with those holding over, make tbe city 1
council a tie. The Democrats generally carry
the municipalities throughout the State. i
THE FEDERAL CAPITAL.
. WASHINGTON, April 5.
In the House the Ku-KUux discussion was !
continued. Shellabarger amended his bill so
aa to exclude the martial law features, but re?
taining the right io suspend the habeas corpus.
The amendments will be considered to-morrow
in committee of the whole. Adjourned.
SENATE.
Sherman's resolution instructing the judici?
ary committee to soporta Ku-ittux bill passed.
The San Domingo report was submitted, with
a message from the President, and was ordered
to be printed. Morriu will speak by unani?
mous .consent on Friday. The bill paying
Schenck his salary of minister to England
while acting as high commissioner, failed, as
not being within the limits imposed. Ad?
journed, j
THE STATE OE THE WEATHER.
WASHINGTON, April 6.
It ls probable that the barometer will con?
tinue to faU over the lakes, with increasing
cloudiness and threatening weather. Light
and fresh winds, with partially cloudy weather,
WUT probably be experienced along the Gulf
ind Atlantic coasts, and on the lower Mis?
sissippi. . .
yORTHEASTEM RAEROAB.
ANNUAL MEETING OE THE STOCK?
HOLDERS OF THE COME ANT.
The annual meeting of the stockholders of
the Northeastern Railroad Company was held
on Wednesday, 5?1 April, 1871.
A majority of the stock being represented,
tke meeting was organized by Tailing the
Hon. Gilbert Pillsbury to the chair, and ap?
pointing C. Williman secretary.
The* following gentlemen were then appoint?
ed-a committee to ascertain the number ol
shares represented at the meeting, to verify
proxies, and hold the election for president
and-directors : Benjamin Greig, G. 9. Hacker,
JJ. B. MeLaurin.
The committee reported a quorum ot .share?
holders present.
The reports of the president and superin
t?ndent wera then read.
?Ste President's Report.
jp PRESIDENT'S OPPICE, )
NdWH EASTERN RAILROAD COMPANY, \
CHARLESTON, 8. C., April 4, 1871. S
To" the Stockholders of the Northeastern Rail?
road Company: 1
GENTLEMEN-The following report of the
> company's operations for the fiscal year, clos-'
lng on the.28th of Februaryl 1871, ls respect
ially submitted:
Tae gross earnings have ' een.(321,551 59
The operating and extraordinary ex?
penses. 230, 47 31
Balance..".:. $90,8O4 28
A comparison: of these results with those
ol the previous year will show as follows:
In 1869-70. In 1870-71. Increase.
Receipts from " .
freight.$172,403 83 $200,472 22 $28,006 39
Receipts 'rom
passengers.. $57,667 31 101,710 48 14,043 17
Receipts from Decrease,
mail and
other sour?
ces. 19,964 49- 19,368 SP S95 61
$280,097 CS $321,551 09
Operating and
other expen?
ses.159,660 23 2307?47 31
$120,687 40 $90,804 28
Revlawi Dg the above, you will observe a
general increase in our receipts of nearly fif?
teen per cent, over those of the previous year.
From an examination of the superintendent's
report and the accompanying tabular state
mente, showing tbe departments In which this
increase has occurred; lt will appear to have
been equally distributed throughout "our pas
seqger service, while a marked difference is
noticeable In our freight service.
Thus, we find that the up freights have ruled
on a purity with those ol'the previous year,
whlle'the down freights have exceeded those ot
the same period nearly thirty-six per cent. This
indicates both an increase of production over
consumption, and a curtailment df the wants
of the planting .community, corresponding
with the reduced values ol their products
conditions which are, certainly, favorable to
oar anticipations of an increased business in
the future.
Daring the year we have moved 34,539 bales
of cotton, 65,940 barrels naval stores,3,387,C90
feet of lumber, and 11,895 tons phosphate rock,
as against 22,850 bales, 50,709 barrels, 3,896,000
feet, and 3,270 tons the previous year. With
reference to the travel, the policy has been
adhered to of Issuing- commutation .tickets,
without restrictions, at 2? cents per mile; sec?
ond class at 3 j cents per mlle; first classft 5
cents, and through tickets to remote-points, at 3
cents per mile. Any redaction upon tr?ese rates
-would be impolitic. The effeot ot low fares la
stimulating travel ls well understood, .bm
tbelr application should be measured by the
density of the population to be operated upon,
and where,.from the numbers, who might thuq
be Induced to travel, an aggregate revenue
would be derived In excess of that which
would otherwise accrue.
We regret to state our failure to realize the
benefit which was aartlcipated from the re?
opening of tbe Savannah and Cha'reston Road.
Tins hus been due to the Incompleteness of
our connection with lt, and tin-absence, up to
this time, of a double dally service over that
rajad. The first ls uow.mainlalned by tho use
of an omnibus and aferry steamer across the
Ashley River, appendages to which the travel?
ling public, al the present day, seriously ob?
ject, and which lt will, if possible, avoid by
taking competing and even longer routes
without these drawbacks. From Charleston
northward, and from Savannah southward, .
a double daily service (Sundays excepted) bas <
been established by the main roaos forming '
the Atlantic Coast .Line, while over the Savan- I
nah Road but a single dally service has, so 1
far, been adopted, the result ?? which, especial- '
ly under recent combinations, has been a con- (
Blderable diversion of the travel between ?he
Important points of Florida and .the North, to 1
routes through Savannah and around Charles- ^
Lon, which offer closer connections. E
These* difficulties are, however, well under- I
stood and appreciated by the direction of the 1
Savannah and Charleston Road, and their re- 5
moval has had, and is still having, their earnest '
attention. With a close connection at
Charleston, and one at Savannah with I
the Atlantic and Gulf Road, the coast '
Une, as being the shortest and most di-' I
rect, Hhould be able to defy ail competition. 1
Through cars could then be rna without change <
from wilmington, N. C., to Cedar Keys or St. !
Mark's In Florida, distances of Borne six hun?
dred miles. <
These Improvements cannot long be delay- '
ed, in view of those which are .progressing '
Around us. Arrangements are now being made I
for a weekly steamship service between Cedar
Keys and Havana, wtiich should, In a great 1
measure, control the Cuban travel. Better <
connections have been made at Savannah, I
Lhroucb the Macon and Brunswick Railroad, J
with. Jacksonville and other points in Florida I
and northward ol us. That powerful corpora-' 1
lion, the Pennsylvania Central Railroad Com- >
pany, has recently obtained a charter for a
road lrom Washington to Richmond, to be built
within the .next eighteen months, and taken
other measures "to secure a direct communi?
cation between the North and South," which
nhali be common to all, and freed of those fet?
ters which have .heretofore 'controlled the sev-1 <
eral routes between Weldon and Baltimore.
It ls not Improbable that the time between
Charleston and New York will then be re?
duced to thirty-six hours. In the meanwhile
we are not to lose sight of other projects, the,
completion of which must, eventually, have
s favorable effect upon the general business of
our road.
The South Carolina Central Railroad, from
Ifs lune icm with ours at "Lane's," to Sumter,,,
& distance of forty miles, we have every assnr-1J
ance will soon be built, which will- bring
Sumter wKbln ninety-five mlleaot Charleston, '
as now against 130 miles via Ringville, and
141 miles via Florence. At Sumter lt will con?
nect with the extension of the Wilmington, t
Columbia and Augusta Railroad, to Columbia, t
cow In progress, and which will probably be (
completed within the next three months. The (
distance te -Columbia by this new line will be t
about four miles longer than that by the South
Carolina Railroad. Your attention has been
so frequently directed to the Importance and | i
value of Hie Central Railroad, SB a feeder to
this, that further remark upon these features
ls unnecessary. Ia August last your boardof | '
directors deemed lt proper to subscribe to the
capital stock of that company thirty-six thou?
sand dollars ($36,000.) (in addition to the fif?
teen thousand dollars previously subscribed)
In order to secure its charter, which ether
wise might have:lapsed-the said subscription
to be payable ln4.be proportion of one thou?
sand dollars per mlle for every continuous
mlle, as. completed from Lane's Turnout, and
to be subject to your ratification at this meet- 1
lng. which is now respectfully suggested. '
The Cheraw and Salisbury Railroad ls also
being; built, and from the amount of work al?
ready done, and the means at command,,
there, is every probability ol its extension to
Wade8boro\ North Carolina, within the next
year.
I Our operating.expenses bave exceeded those
pf the previous year-a result which whs lore
shadowed In our last report, from the necessary
additions, and other expenditures to be incur?
red the ensuing year. You were then remind?
ed that we were operating the road with very 11
nearly the same machinery which we had in
used before and during the war, the advanced
age and increasing demancs upon which
would require the closest attention, and con*'
slde.rable expenditure in maintaining its effi?
ciency. Such ls, substantially, the case at this
time. In our operating expenses, however,
are included the cost of anew first-class loco
, motive, 30 phosphatqtpars, 2 new passenger
. coaches and other improvements, alluded to
In the superintendent's report, amounting to
$36,342, which, if deducted from them, would
bring the percentage of oar receipts upon
expenses to about GO per cent.
We question whether any material reduction
ot thlB figure, with Our earnings at their pres?
ent level, can be reached without detriment to
the company's interest; and any more rigid
economy, than we have attempted to observe,
might prove unwise, and be followed .up by
accidents, delays, losses, .?fcc.
We are pleased at being able to report .to
you the generally good condition of the road
and Its structures. Some 350 tons rails, with
improved "joints," have been supplied in the
renewal of these which ?ad become unservice?
able, the bridges and trestles have received
due attention,- and the roadway throughout
has been kept up and improved by the em?
ployment of an additional floating force, in
aid of the ordinary-details for that purpose.
Oar motive power consists of 13 locomotives,
one of which, from Its age, light capacity and
long disuse,, is of Hi tie value, while all- the
others are In serviceable condition.
We have 62 box, 48 platform and 30 phos?
phate cars, lSdrst and second-class passenger
coachesx and 5 mail and baggage cars-ah in
running of der.
The statements of the treasurer herewith
submitted will show as at.the credit of profit
and loss at the close of the past year $45,662 37.
Since added.I . 667 83
Net proceeds of transportation for
1870-71. . 90,804 28
Total.....'.*,....% 137,134 48
And charged with the following items ::
Interest .accrued on
b o n d B, preferred
stock and other obli?
gations of the com
. pany.J..$98,03? 87
Interest on overdue
coupons. 23,6*7 50
Losses sustained dur?
ing the war and '
since adjOBted, legal
expenses, &c. 10,64 7 21--1132,321 61
Leaving at credit of profit and
loss, February 28, 1871.$ 4,812 87
The following will appear as the indebted?
ness of the company on that date:
17.979 shares capital stock, atS50.$ 858.950-00
1,546 new first mortgage bonds,
ol $600 each. 773,000 00
63 old first mortgage bonds,
of $500 each, outstanding. 31,500 00
283 new second mortgage
bonds, of $500* each. 141,500 00
13fj~old second mortgage bonds,
Of ?500 each, out* tana I ns. 69,500 00 I
2.220 sbareB* preferred stocky at ' -
$60.i. ULM0.00.
Certificates of indebtedness. 148,02? 23
Outstanding interest to be funded. ?,476 50
Outstanding Interest due In dash.. 3,796 6tf1
Bills payable..'. 38,07; 96
Real estate bonds.I. ' 1+00 > 00
Profit and loss.j. 4,81i 87
Total..j.$2,215,036 22
To meet this In?
debtedness, we
have the road,
102 "miles long,
with its sldellrigs,
equipments, ?fcc.,
. at a cost of..$2,148,130 65
Mad assets as
shown by the
treasurer. 67,505 57-$2,215,636 22
The entire issue of new first mortgage .bonds"
bearing 8 per cent. Interest, and payable 1st
September, 1899, was 1640, of $500 each, or
$820,000, of Which 1546,- or $778,000, have been
Issued In redemption or the past due bondsand j
coupons, and interest thereon, (eavim: on hand
94 bonds, or $47,000. to laka up those which ,
were then outsmarting. In determining the,
am ou of ot this Issue, no provision was.made in
lt for the interest which had accrued in our
outstanding coupons, (as no -such demand was
anticipated.) and hence the charge to profit
and loss of this liability, aaountuut to $23,
637 50. On-the 28th February, ?871, there were
unexchanged 63 old bonds, but the number bas
?ince been reduced to 40, or $20.000, leaving on
hand at this dale 71 bonds, or $35.500, applica?
ble to the retirement of those still out, say
WO.00O, and our real est?teQpodfc say $28,000.
In lue liquidation of thia Interest upon Interest,
we have been compelled to use a portion ofj
the bonds intended to have been substituted J
for the latter, which detlcency, when required,
must be supplied from other sources.
1'he entire issue of new second mortgage
l)onds, also beating 8 per cent, interest, and
payable 1st September 1399, was 644, "of $500
each, or $322,000, of which 195, or $87.500,
?lave been Issued lu redemption ol the past
lue bonds, coupons, and Interest thereon; 88
A them, or $44,000, in exchange for preferred
slock; 222fit them, or $111,000, have been de?
posited with the .trustees ol the latter, and the
valance, 139, or $69,500. are on band for there
lemptlon ot that number walch are still out?
standing.
Tbe amount of second mortgage bonds or i sri- ;
lally issued was $300,000, ol' which $145,000
vere sold; the remaining $155,000 were sub?
sequently pledged and deposited with the
rustees, as a security for a corresponding
imount of preferred stock. This preferred
.tock Is then, virtually, a substitute for tbat
imount of second mortgage bonds.
As the bonds of wbich it is the representa?
re-now'bear the same rate of interest, there
vas QQ valid objection to the reconversion of
.he stock and bonds, when so desired by its
lQlders; and, accordingly, we baVe always
?rnplied with such requests. The pre!erred
stock has the single advantage over, the bonds
>f being registered and' transferable on the
:ompany books; but many prefer ta forego this
br the convenience of collecting their Interest
>y coupons, and the greater facilities of sale, I
xaosfer, ?fcc,
Of the general prospects of the company we
lave only to remark that they are, in a great
legree, dependent upon the completion ol the
jrojeeted roads, - and such other lmprove
nents in our. connection as have been alluded
o In the foregoing report, and not until the
leid of our operalions can be extended by
hem may wo expect the remunerative results
which should then be realized.
To the watchful care and attention bestowed
apon the roadway, machinery and the move?
ments of our trains; we must largely attribute
>nr remarkable exemption from any serious
icclu>nts or irregularities of service during
.he past year. ThlB acknowledgement is
:h?erlully made to those who, though in sub
jrdlnaie positions, have yet BO laithfuUy di
charged their respective. duties as to Just
;ntitle them to yotr commendation.
All of which ls respectfully submitted. .
. A. P. RAVKJUX, President.
On motion, it was
Resolved. That the reports of the president
ind superintendent be received as infprma
;lon, and tbat the requisite number of copies
)( the same be printed lor distribution among
he stockholders.
On motion, it was
Resolved, That this meeting hereby ratifies
he subscription ol thirty-six thousand dollars
.?wards the capital stock of the South Carolina
Dentrsl Railroad Company, made Dy the board
)! directors In August last, the said subscrip?
tion to be paid, in the proportion of one thou?
sand dollars per mila, for every continuous
nile ol' road, constructed from LaneVTurnout"
n the direction of Sumter.
The managers of the election then reported- j
.he following result :
For President-A. F. Ravenel.
For Directors-M. K. Jessup, L. D. Mowry,
r. M. Carson, Z. B. Oakes, J. R. Dukes, S. S.
jolomons, vice Daniel Ravener, who declined
i re-election.'
On motion,
Resolved. That the thanks of this meeting be
endered to his_JElonor the Mayor for. the cour
eous discharge ot his duties, and also to the.I
juicers of the Planters1 and Mechanics' Bank for .
he use of their ballon this occasion.
Adjourned. C. WIIAMMAK, Becretary.
SPARKS FROM THE WIRES.
-The heaviest rain of the Beasor* com?
menced yesterday morning at San Francisco,
[f it continues, lt will be worth millions to the
3tate.
-The Marquis of Santa Cruz has been elect
id president of the Cortes at Madrid.
-Father Taylor, of the Seaman's Bethel
Church, Boston, is dead.
-The Mutual Base-ball Club, of New York,
tias gone to Savannah. '
TEE POLITICAL WmHG?G.
AN IMPORTANT MOTE AMONG THE
COLORED LEADERS.
Expected pvc rt urea Looking to Hepa
dlatlon and the End of Carpet-bag
"Knie.
A curions political movement Is nov? on foot,
which, whether it is likely to eventuate IQ
anything of importance or not, certainly Indi? |
cates that th? situation .ls fully appreciated by
leading colored men.
When Robert C. De targe was elected to Con?
gress, It was known to many of his friends, al?
though not published during the canvass, that
he was strongly In favor of, and would advo?
cate, general amnesty. AB a native born Caro
Una* colored man, he 1B probably the best expo?
nent of that Idea now among the representa?
tives from this State. If we add to this a
frequently expressed determination by him to
move at the proper time in behalf of Conserva?
tism ' as distinguished from the Radicalism
which has been brought into this State by out?
siders, we have some reason for believing that
he ls about to make good his declarations and
lend his Influence to the organization of a new
party. It is further well known that Ransfer,
Beverly Nash< Wimbush, Smalls and other
Radical colored men have Just returned from
Washington, and a.conference with -'the pow?
ers that be," and their programme of the fu?
ture Is thus mapped out :
1. A proposal to the Chamber of Commerce
and Board of Trade to repudiate the entire In?
debtedness of the State.
2. A convention within two months for the
organization of a new party based strictly on
Intelligence and integrity.
3. Tbe exchange of mutual guarantees be?
tween the races, wherein the colored leaders
only ask that their present civil and political
rights shall not be disturbed, and that they
shall have a fair representation in the offices
of the State government, in return for which
they wlil.pledge themselves to unite with the ,
whites in the election of the best men to office. ?
i. The nomination of James L. Orr for'Gov- j
ernor in 1872, or any other man who has the
confidence ot the two parties.
These are, in all seriousness, the propositions |
which are now agitating a .coterie of indi- j
yid u al s who have done more to keep the Badi- j
cal party of {.his S tate* in tact than .any other i
members of it, and, coming from a conference I
with DeLarge, and possibly with the Conserva- ]
UVJB Republican congressmen of other States, i
more importance may be attached to them t
I than to the ordinary curbstone movements j
which arc born among our Jocal-cliques.
? The parties referred to arrived .lu Charles- ]
ton full of their scheme. They interviewed i
Republicans and Democrats. They Invited <
the co-operation of sundry officials, and j
avoided others of their, own kith and kin as i
they would avoid" the Egyptian plague. The |
result yet remains to be seen. Ran sie r has
opened his batteries, and discusses the situa
tiorrwitha calmness that th in striking con-j]
trast to Borne of his past speeches, while bis [
brother poHtiotaos set by and scan and en?
dorse every-word that flows from his pen. ?
m Whether there be earnestness In this new
movement or whether lt.ls a trap adroitly set
by Ben Butler or Charles Sumner to. catch an
unsuspicious people, of course is only a matter
of surmise; but lt Will doubtless strike every
thoughtful person that a proposition to repu?
diate the entire Indebtedness of thc State Ts
either a very wild bid for popularity, or lt ls
intended to draw forth from the Board of I
Trade and Chamber ol Commerce what is
already sufficiently published, namely, that
their recent action was not to convey, the Iden
of repudiating any bond of the State for a debt
that has been honestly contracted.
? It ls supreme nonsense to suppose that
South Carolinians will ever repudiate their j ?
Just debts. None know the fact better than
these very colored men,' and, therefore,' we
are bound to assume that the proposition, if
made, at all, will be made to conceal some ul?
terior design.
As an offset to the above movement, we'un
'derstand that it has been determined by Par- ,
ber, Neagle, and other members of the State ,
Government, to organize what will be hereaf- (
ter knowh as "the respectable Republican '<
party."- t
I
VIEWS ORA COLORED NATIVE. 11
li
Lieu tenant-Governor. Ransfer on Affairs I t
In toe State. I c
?I
Llentenant-Governor Ransler writes to a
Radical contemporary: . I
In a former article. pubUshed bj you under
the caption of "Our Troubles^' I concluded by
asking the momentous question BS to our
State Government, "Can lt. succeed ?" i
answer now, lt can, If the administration (cf 11
which I am an humble member) and the J t
leaders of the Republican party, which politi?
cally "lt represents, and which Includes a vast
majority of the'voters of the State, to put Jt | ?
mildly, will use Its and their influence tb purge
the party of much that is objectionable, lt .
not disgraceful, gives some evidence v
of its ability and willingness to protect r
lite and property, 'and so conduct the a
affairs of the government as to secure for it f
and our party confidence and respect at home
and abroad, and keep its promises- as te lower 1
taxes. Ac, Ac. These things being done, the
Republican party will continue to live In South
Carolina, and the government under its auspi?
ces make Itself a success, and any attempt on 1
the part of the opposition to gain or regain a
control, whatever their motives or intentions, t
must fall of success, at least for some time to
corn?. Ii lt does not do this, then it will, as it
ought to. go-down. Then win the problem be
solved, that reconstruction, at least in South
'Carolina, is a failure, owing, perhaps, to no s
fault of those who compose the rank and file of
the party now in power. Indeed, there are 1
those among us who would argue so to-day, f
because the civil law lu portions of our State c
ls not and caunot be enforced by State author
lty. ,
Now, grant that there ls corruption in the ft
Republican party; grant thal our finances have
been and are being mismanaged, and that, as
a natural sequence, those who pay most of the
taxes have no confidence in us; grant that we
have been extravagant in our expenditures,
maxing our rates of taxation unreasonably,
high and unnecessarily burdensome, much of
which I admit, not merely for argument sake,
but as lu a great part true, (and the same "
may be truthfully sp.ld of former administra- t
tiona under more favored and favorable cir* {
cumstanoes;) grant, further, that those who
own ninety per cent, of the property of the ?
State, and, therefore, pay ninety per cent, ol
the taxes, feel that they, have no direct repre?
sentation, and therefore no direct voice in the
government, many of whom, unfortunately,
could not vote, or lt so, hoid no office, and \ i
therefore. Ac, Ac, to the end ol the sad
ohapter or theirs and our woes, including the
objectionable militia organization-what then?
I have already admitted that ;there are er?
rors to be corrected; evils to be*remedied in
tbe Interest of our common good within our
own ranks, (I mean within the rants o? the
Republican party,) and by the administration,
possibly; but does Mr. Perry propose anything
practicable? Do?s a "Citizen" propose any?
thing practicable? Do the colored men-lead?
ers Tn the Republican party, who, with me,
.believe that there ls ground for complaint by
the taxpayers as tp the enormous rates of tax?
ation-propose a practicable remedy In their
expressed Intention to urge "repudiation"' of
all obligations of the State In the way of bonds
and similar Indebtedness and liabilities of the*
State? Does the action of the "Chamber
of Commerce" and "Board of Trade" .'sug?
gest a practicable and auffiel em remedy, upon
which action these leaders above reierred
to base their intentions? Does Hr. Aldrich
or Mr. Memminger suggest a feasible remedy:
Let us consider their suggestions. for a mo?
ment Jnr. Memminger traces all of the evils
complained of by bim and others'to the L?gis?
lature. He says : "The active cause of ali this
evil ls clearly the Legislature of. the State.
There lt all originates, lhere it has lt? abode,"
?c.. ?-c. Now 'this ls not exactly the cas?,
while I agree with this distinguished gentle?
man that that branch of the government
might be largely improved upon. For in?
stance, it ls charged with all manner of cor?
ruption. Il this is in whole or in part true, it
takes two parties to consummate this.' Keep
your wealthy railroad men, your stock Jobbers
and speculators, in our bonds and other
securities away from it and this body, then,
will be found to-be not so corrupt. But lt le?
the remedy proposed by Mr. Memminger that
I wish particularly to notice. He advises an
amendment td the constitution limiting the
exercise of the right to vote to those, and
only those, of our population who can read and
have paid some tax. He sees the difficulty in'
the way himself, however, for he says: ''The
difficulty of ruoh an' amendment'-arises from
the tact that it most find sufficient- favor with
the existing authorities, to eommand a two
thirds vote. The difficulty ls reaV
Exactly ! Will a majority quietly consent
to be disfranchised-to disfranchise them- !
selves ? . A. J. RANSIEK.
liAWH OJf TM ?S HT ATM.
Act* and Join : Resolutions, Passed by
th? General Ajwembly of Sooth Caro?
lina, Session of 1870-' 71.
?OFFICIAL.]
ta ACT to incorporate and recharter certain
religious institutions.
SECTION 1. Be it enacted hy the Senate and
House of Repr?sentatives of the State of South
Carolina; new met and sitting in General As?
sembly, and by the authority of the same :
That so much of the ectpaeaed on-the nine?
teenth day of December,-in the year of our Lord
3 i puteen hundred and .forty-nine, a? iaeorpo
rated "The Orangebacg Presbyterian Church
Society,'' be revived and continued of force for
?be period of twenty-one years..
SEO. 2, That Walnut Grove Baptist Church,
n the County of Abbeville, in South Carolina,
3e, and tbe same is hereby,'recb.artered for the
: erm of t wan ty-one years, with the same rights,
sowers and privileges as those heretofore sl?
owed by law.
Ssc. 3. Thal i all acta done or authorized to
ic done by the officers' of said church since
he expiration of its former charter, be, and
?he same are hereby declared valid and bind
ag in all respects and to ail intenta.
Sao. 4. Whereas Robert Knox, John. C.
Fringe, Ezekiel Hnnnicntt and John L. Wil?
ton, as trust?es of the New . Hope Baptist
Church, is O canee County, have prayed to be
incorporated: Therefore, from and immedi
itely .after the passage of thia act all those
soxsons who now are,' or who hereafter, may
sec?me members of the said society shall be,
md they are hereby, incorporated, and are
hereby declared to be a body corporate, in
leeH and hi law; 6y the name and style of the
New Hope Baptist Church,1 Oconee County,
.nd by the said name sha H bate perpetual euc
ceeaion of officers and members, and a com?
mon s?al, with power to change, alter aud?
ra aire new ?he same as, often aa the said cor-,
poratiou shall judge expedient.
Ssc. ?>. That the said corporation. shall be
capable, in law, to purchase, have, hold, ^e
cci vc, enjoy, possess and retain, to itself, itvper
potuity, or for any term ot years, any lande,
tenements or hereditaments, dr other property,
at what nature soever, not exceeding the sum
}f ten thousand dollars, or to sell or alien the
same, aa the said corporation shall thins 'fit
and by ita said name to sue and be sued, im
plead and be impleaded, answer and be answer?
ed unto, in any court of law oz equity in this
State, and make such rules and by-laws (not
repugnant to the laws of the. land) as for the I <
good government and management thereof |i
may be thought necessary and expedient.
SEC. G. That Balla Hix, Wiley B. Harbin,
William IsrJell, Livingston Is bell, A. Sloan
stephens, and their successors in office, be,
md they are hereby, constituted a body cor?
porate and politic, under-the name and style
)f the Beaver .Dam Baptist Church, of Oconee
Joan ty, with a capital stock not exceeding the
mm of five thousand doll axe, with the right to
me and be sued, to plead and be impleaded in
?ny court of competent jurisdiction, to have
ind to hold a common Beal, and the same to
ilter.at will'and pleasure, and with all other
ights and privileges that are now eecured by
aw to like incorporated bodies.
SEO. 7. That W. J. Parnell, Joseph Fletcher,
iiehard H. Humbert, Henry Washington,
boob Lindsay, Louis Kelley, Abra' n Peter
toa and Jack Quillian, and all persons who now
ire, or who bereifter shall ox may become
nembera of the said society, ?hall be, and they
?re hereby, incorporated and declared a. body j I
lolitic, nuder the* name and style of tbe
Trinity Baptist Church, of Florence.
SEO. 8. That the Bald corporation shall have
K>wer to purchase, receivo and pdbsess any
eal or personal estate for the purpose of this
.ct, not exceeding in value the sum of twenty- ( '
Ive thousand dollars, or to sell the eame, and
>y its corporate name sue and be sued, plead
ind be impleaded, in any court in tbis State,
md to make such rules and by-laws (not re- ?j ]
mg nant to law,) as may be thought necessary
md expedient and said society shall have all
bo powers, and bs subject to all the liabilities
md restrictions of this act to regulate* the fer
nation of corporations, so far aa applicable.
SEO. 9. Whereas, Oliver Hewett and hie
.asoc?ates have prayed to. be incorporated;
hereforc, that from and immediately after the
lassage of this act, all persona who now are,
ir'who hereafter elia il or may become mern?
ie rs of the said society, shall be, and they are | j
lereby, incorporated and deolsxed to be a body
?orporat?, by the name and style of the Bin
laker Camp Meeting Society, and by said name 11
hall have succession of officers and members,
md have a common seal.
BBC. 10. That said corporation shall have
Kiwer to pnrehaeo, receive and possess any
eal or personal estate, not exceeding in value '
he som of twenty thousand dollars, or to sell
he same, and by its corporate name to sue and
ie sued, in any court in this State, and to make
rach ru?ee and by-laws (not repugnant to law)
ia may bc thought necessary and expedient.
Seo. IL That the foregoing acta are deemed
mblio acts, and the charters and recharters
jontaioed in this act shall -continue in farce,
if ter the ratification of this act, for the tenn
if -twenty-one years, and until the next meet?
og of the General Assembly thereafter.1
Approved the 7th day of March, A. D. 1871.
ta Aor to alter and amend an ?ct entitled an
"Au act to alter and amend the charter of
the City of Greenville, and for. other pur po?
sea," approved March 23, 1869.
SECTION 1. Be it enacted by the Senate and
House of Representatives of the State of Sooth
Carolina, now met and sitting in General
Assembly, and hythe authority of the same:
Tbat from and immediately after the ^pas?
sage of this act it shall bc lawful for the. mayor
and aldermen of the City of Greenville to re?
quire each male inhabitant of said city, be?
tween the ages of eighteen and fifty, to labor
upon the pnblic streets of said city: ?ror?det?,
nevertheless, That po person shall be require d'
to perform more than four days' labor on .said,
street in any One year.
SEO. 2. That it shall be lawful for said mayor ?
and aldermen to fl J nome cet tain sum, not to
exceed the sum or two dollars per annum,,
which may be paid in money .within a certain
rime, to be limited by the said mayor and .
aldermen, by any person liable to labor on
said streets, in commutation of such labor,,
and to enforce the payment of the* same, in
the manner now provided by law ror the co?lec - %
lion of taxes. ' ,; ' . r . .?> '
SEC. 3. That tho said mayor and aldarmen,
or any three ol th em, ehalliiave power to corn -
mit tb jail "for a space of time not exceeding -
twenty days, and to fine not exceeding fifty dol- -
|arS, any person or persons who chal? be prriity
of riotous or. disorderly conduct lo said city;
ind it shall be the duty of the marshals of the
said city to arrest all Bach persons, and to
brina; them before the enid mayer and aider
men, or any- three of them, tn be dealt with tc-,
cording tc the ordinances of said city. .
SEC. 4. That said mayor and aldermen of the
said city eball have power to open new streets,
md to widen, straighten or-siter streets now
in nee, upon payment of damages to the own?
ers of property affected thereby, the damages :
lo be awarded by five freeholders of said city, -
two to be elected by the city council and two
by the owner or. owners of the property, and.
the fifth by tbe persons po selected.
Approved March 9th, A? D? VSfL -
? - ?
?aiJoring, inmisljntg (Boohs, #c. '
W
, . J U BS,
NO. UT ma. STREBT,
Between Horlbeok's Ailey and ?"ueen,
Informs his frienda and the pnbUo in general '
hat he bas Jost received a weU selected ?tock of -
sPSJNQ AND S?MMER GOODS, walch be Will..
nake up to order tn iee shortest, notice,'and in'
;he latest styles. .'- ? . . - Bprfl .'
JOHN E U t? H E TH E B , )
'So. 141 KING STREET,
(VEST SIDS, A PXW DOORS NOWH OP qr/KXN BTBKBTR
Would respectfully inform his friends'jhat he
nu just returned . from New York with a larg?,
md well selected stock of the latest styles of
SPRING AND SUMMER GOODS.
". . . .
Uso, fi full assortment of ' '
GENTLEMEN'S FURNISHING GOODSj,'
Including tue Celebrated
8 TAR. SHIRT ft.
maris_ . r" . ''""
a P ET N d. OPENING*.
P . ? _--_?. : ?iv*..'.'. -J ..
*M;E N E B, A M U L L BB,.;
No. 32i Kim STREET,
Save jost opened ah entire New -Stock or'
SLOTHS, CLOTHING, FURNISHING GOODS, ic.,'
ref Spring and Summer.
OurCtothlnglsavery large and fine selected 1
stock for Men, Tooths and Boys, from $5 to $ so?,
per suit. Iba largest portion ls of imported .
gooda and nranuiactorsd by. ourselves; we can,',
therefore/ recommend them as regard'flt, wear
and workmanship.
. OUR TAILORING DBPABTMBBT '
' ? * . - sj
is supplied with the finest selection of FOREIGN "
AND DOMESTIC CLOTHS, DOESKINS, DI AGO- '
NA LS, TRICOTS, HELTOlfB, CBEYIoTS, CASSI
MERE&, Ac, and a very large stock of the most '
lashlonable Pant and Test Patterns, "wmcb wc
wOl make up to order by. measure In the latest
? ty les. Tte foreman In this department of oar' '
inamess has no equal in tue artis uo world for cut?
ing and prod acing an elegant fit.
FURNISHING GOODS.
This department Ls supplied with tue celebrated.,
STAR SHIRTS, Foreign and Domestic Under- "
?hirts and Drawers, 8llk and'Thread Gloves, Linen '.
md Paper amata, Hedonia; Bows.Soarfi, ?ocset
3aaJkerchiefs, Socks, UmrjreuaarAc.
Oar stock bas been selected with great care, '
ind prices marked very lo w in pi alu figures. - -' <i
Buyers in oar line will lind lt to their advantage. $
? give ns a call before purchasing elsewhere.
mam?nos
. flfrg Q$oo?8f 0c.
pUBOHGOIT, B???D?CT ? CO.
BSSPSOTFULLT AXHOCYOl '
;0 THEIR FRIENDS AND THE ' PUBLIC- .
? That, owing to the
iPEOIAL'FACILITAS AND QUALIFICATIONS
OJ their Resident Partner la New. York,
ney ere enabled to purchase their supplies of -
FINE AND STAPLE DRY GOODS,
Jeth 'Foreign and Domestic, In ail oases from. ?.
first hands,
j .... ><-* ..??"?-. ?,-->'.. ..:c:v.'*,aiK/.,.
AT THE LOWEST OA6H FIGURE,
.. . : i ... J '-,.<j ' . . *r .>'..&??
And thus to oller'. . ;.
.XTR AO it DI NA RY INDUCEMENTS TO COS
TOMER-.,'- '
Their prices wiii be found from ;
DWENTY TO FIFTY PEE CENT.
Than those'or any other Dry Goods House'
tn the South.
. ;
Hey Invite an inspecdon of th-ir stock, w^ica in-.
made up of
KO AUCTION GOODS. '
int-which will be founi co consist of an Inrndsyt
var?9tyof
PHE CHOICEST AND LATEST NOVELTIES
IN THE1E LINE.
'-. .?=?-.." .'?-.. .
:om.pariwn, aa to quality, with the best goods
offered elsewhere,
1 S OH A L L E N OED
And competition as to prioe '
. t?B DEFIED:
Every article sold by na ls warrarited to be pre- -
deely as represented.
Oar motto ls
"QUICK SALES AND SMALL PROFITS," *
* And Customers who wish to
. SATE MONEY-IN BUTING
Will do weil to give us a call.
FUBCHGOTT, BENEDICT A 00.
Op-Town Store, I Down-Town store.
No. 437 King street, No. j?44 Kine street,,
corner of Calhoun. | Near "The Bead.?
oom