Historical Newspapers of South Carolina

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VOLUME XI.-NUMBER 1883. CHARLESTON, THURSDAY MORNING, JANUARY 18, 1872. EIGHT DOLLARS A THE SOUTH CAROLINA R. R. ANNUAL REPORT OF THE PRESIDENT | AND DIRECTORS. An Interesting and Encouraging Ex? hibit of the Condition and Prospecta of the Company. OFFICE OF THE S. C. RAILROAD COMPANY, ) CHARLESTON, January 25, 1872. j To the Stockholders : The board of directors respectfully submit their report of the transactions of the comps- j ny lor the year 1871, and of Its condition on 411st December last: The report of the vice-president on t-; op?? rai lons ot the road, and the condition of the property in his charge; of the auditor upon the accounts, and of the treasurer, exhibiting the financial movements in his department during the year, are also submitted. They are all executed in very full detail, and j will be found interesting, and, lt ls hoped, sat? isfactory. fte Income ot the company, as represented in these statements, appears as follows, viz: Earnings ot Road..J^325,442 00 Expenses of Road. 879,858 63 Balance of Earning?. 445,583 37 . Add received from Dividends on Bonds and Stocks. 19,207 93 Balance of Income.$ 464,791 30 Against this have been charged For Interest Sterling.$ 75,397 31 For Interest Domestic. 276,119 02 Dividend No. 44 . 58,194 00 Total.$ 409,710 33 .And the balance transferred to Profit and Loss. 55,080 97 . The earnings of the road, as compared with those of last year, show a falling off of..$146,578 59 The expenses show a reduction of.. 36,237 19 The board do not find any cause of dis .-couragement in this comparison of earnings For though the reports of competing lines exhibiting much greater proportionate losses. . demonstrate that we have not Buffered from competition; and as well, that certain general -causes have affected the railroad earniogs of -the South; your road, you will remember, for - two months of the year, was almost Isolated by a malignant fever, and cut off in a great .measure from important sources of revenue by apprehensions as unintelligible as they were hurtful. When to this cause, then, so sufficient of itself to account for the larger i portion of your loss, are added the influence ol the very low prices of produce prevalent the flrst half of the year upon the movement of general merchandise to the interior, and the diminished shipments of cotton to the sea -the result of a short crop-lt would rather seem a matter of wonder that we have suf? fered so little. It is, however, not to be dis? guised, that yearly the profitable working of railroads becomes more difficult. The esta bllshment of new lines not needed by the wants of the country, and not developing new ? and supporting sources of revenue, necessarily divides the business of the older com? panies; whilst their management, based upon principles not suited to our condition, is in? fluencing rates of transportation to an extent that, In no long time, will be seriously lelt by all. We deprecate, earnestly, a condition of things which we regard unwise and unneces sary; and have always been ready to unite wilh competing lines and aot in a direction -which will allow competition to benefit com munitles, without sacrificing railroad corpora? tions; but failing that, we are equally ready and determined to protect ourselves and our ? connectons, and maintain our tonnage. The "reduction of expenses," as above ' stated, Is in a less ratio, la comparison with the expenses of 1870, than the loss of earn legs-the former being 3.95-100 per cent., and . the latter 9.95-100 per cent. To a great extent, 'this may be briefly explained thus: It ls not ee.s}, if practicable at ail, lo accommodate ex? penses in some of the departments to a fluc? tuating and uncertain business, (and here ls one of the greatest difficulties in the manage -ment of Southern Railroads,) bat, when with a road put In good condition for legitimate busi? ness and manned to meet the demands of the * .public, a violent epidemic ls encountered, .whose duration cannot be determined, or in? fluence measured, calculation Is at fault and ?expenses grow. At the earliest possible moment, the board ls quite satisfied, proper efforts were made, ?to bring down the expenses of management, to Just relations to the business require? ments. The exhibits of the treasurer contain no features worthy of especial notice. The bond ( and general Indebtedness remain without ma- 1 terla! change from the report twelve months since. The issues and retirements of bonds during the year are very nearly equal, leaving the ac? count substantially unchanged. The bills pay? able show a considerable Increase, in compar? ison with the outstandlngs, at same date, in 1870, amounting to $452,581 34 and is account- I ed for by thc treasurer as follows : 1 Purchase of Macon and Augusta I Railroad Comp my stock.$250,000 00 t To retire due and past due bonds and Interest. 46,700 00 To provide for sterling interest and fractional balances In exchange of sterling bonds. 52,760 00 1 1 Toietlre certificates of indebted? ness. 9,985 00 To meet dividends, declared prior to 1871. 56,200 00 Verdict in cases Gilbert and Central ^Railroad Company, costs and pro ' fessional services. 19.500 00 I I Loans for general purposes. 17,436 34 | c Total.$452,581 34 As before observed, the general result of the bend and other indebtedness of the company -diff?ra in no essential degree from that of the preceding years. THE FOREIGN BOND DEBT, which, since its maturity in 1866, has been in an unsettled and unsat sfactory condition, ls now, the board are happy to report, in a posi? tion which relieves them from all anxieties connected with it. The history of this debt is doubtless familiar to the stockholders, as it has been the subject ot comment in all the late annual reports. It is known to them, that shortly after the maturity in 1866 of the old State guarantee bonds, the assent of the State to an extension of the guarantee and the ac? ceptance by the foreign holders of new bonds, with such guarantee, were obtained by the board. That in consequence o? the refusal of the American holders to unite in the ex Change, they were compelled to abandon fur Liter efforts to arrange this debt upon the plan flrst contemplated, and seek some othei which would be satisfactory to all; and that after mature deliberaron, a new issue of bonds, secured by a flrst, and only mortgage, was resolved upon, prepared and offered to the holders of the "old guarantee,", as well as ^those of the "new," previously exchanged. An arrangement, in the judgment ol the board, so favorable to all, and particularly to the foreiga bondholders, who had exchang< for "new guarantee bonds," was promptly a cepted by the American bondholders, bu strangely enough, obstinately reiused by tl former, who seemed to entertain rooted pr judlces in favor of what they denominate national guarantees over mortgaged seem ties. To meet these objections, and establls the superior character of our first mortgai bonds, the Hon. C. M. Furman went over t England in the summer of 1868, and remain? there fourteen months. Mr. Furman sui ceeded so far as to obtain the assents of number sufficient to fulfil the requirements i the mortgage deed, and justify the expect tion of the board that the exchange woul proceed without further difficulty or dela; But the lapse of u'ore than a year, unaccon pained by any report ot progress in the e: change by our agents in London, could nc fall to excite the lively apprehension of tt broad. To allay these, to ascertain what ne causes of doubt or changes of purpose ha arisen, and to push forward the settlemei o? this buslneas with all practical energ the president of the company wet over to London in July last, and n malned there until the latter part < the following month. Upon his arrival 1 London, the president found that not a bon had been exchanged, and no progress whai ever made beyond the "assents" already r< ierred to, and the force ol those weakened b time, change of ownership, and other clrcurn stances not requiring further notice here. I bad become necessary that he should assum active control of the negotiation and prc oaedlng8 in sucbjfdlrectlon as seemed mos promising of success. With the friendly an valuable co-operation o? Mr. Edward Horsle Palmer, actual exchanges of bonds to th amount of ?235,000 were accomplished in few weeks. This sum, since increased t ?239,000, being considerably in excess of th four-fifths required to be exchanged before tb? mortgage deed was vitalized, there was n< further occasion for the presence of the presi dent In England. All the holders of any mag nitude- had exchanged-the residue held ii small amounts, and by numerous parties, wai only expected to be sent In slowly, perhaps t< no considerable extent until the January divi dend was called for. It Is the Impression o the president that the maj or portion of tb? "outstanding^" will then be exchanged. Hi knows only of a single case of positive objec tion to our proposals, and does not believ< that in that Instance there is the sllgbtes disposition to press, or of an unfriend!: character. The amount ot new bonds to be given foi the old and interest, as the exchange stood lr October, wa? about ?80,000; but as the ex changed bonds have not yet arrived, nor the statements of our London agents, with lull particulars of later exchange, the accounts re main unchanged on the treasurer's books. The board bas already referred In this re? port to the Influences exercised by unneces? sary and unwise competition. Closely allied to, but much more potential, than this danger to the earnings of our road, Is another, which the board could no longer Ignore, the Joint product of ambitious corporations and super? abundant capital. The rapid absorption and consolidation of contiguous roads, and their un in la tatoola epproach to the acquisition of our most important connections, left the board no choice, however financially unprepared for such a policy-not to act was to submit to a circumscription of territory, so narrow as to be unable to afford Bupport for the road, and to disastrous Injury to the commercial inter? ests of Charleston. They did not, therefore, hesitate to adept the bolder, and, un der the circumstances, the wiser course. They have purchased and acquired a controlling interest in the Macon and Augusta, and the Greenville and Columbia Railroads. The former secures to us the great benefit of free and cheap approach to the heart of a prosperous and growing section of Georgia. The latter retains to our road and chief city a connection, whose loss would in? flict injury lt would not be easy to estimate now. These movements have elicited such general, prompt and cordial expressions of approbation throughout the State, that the board feel little apprehension ol dlssatlslac Hon on the part of the stockholders. As the irrangement in connection wlih the Green? ville Railroad was not completed until alter he lat January, the particulars of the trans? itions do not appear in the accounts of the rear. In the maller of the Southwestern Railroad tank, the board have to report that, in con ormlty with the resolutions of the stockhol lers, there have been paid over to the rall oad company the lollowing sums, which are luly credited In the treasurer's accounts to be bank. Sterling bonds and coupons.$76,944 44 Lmount received In case of bank ver? sus Ryan. 1,967 04 Total.;.$78,911 48 The board regret to report that during the last year, their valued associate, H. H. De jeon, Esq., under the Influence wholly of irlvaie and personal considerations, resigned lis seat. Subsequently the racancy was filled by the lection of Mr. W. L. Ellis, ot Macon, Georgia. The board, under the Influence of consldera ions suggested by the reduced business of he road, the high cost at which alone a large bating debt can be carried in a market such ?s ours, where money capital is BO limited, tod to a great extent by the necessity too ?lain to be mistaken, o? using the means and iredlt of the company in pursuance of a bold ind liberal policy, in meeting efforts to cir ?umscrlbe our own territory and divert our >u8lneE8, concluded to postpone the further leclaratlon of dividends for the present. They believe this measure to be in the direc ion of the greatest benefit to the stockhold? ers' permanent interest, and any considerable leoline in the value of the shares, without lueBtlon, temporary. An improving property, in Increasing income, and a debt in process of -eduction, are the greatest guarantees of lound and solid values, which, sooner or later, lever fail to assert their claims to the notice )f capital. Our confidence in the future of the -oad ls unshaken. We present to the stockholders the property )f the company in high condition-in condl lon equal to any it has known in its palmiest lays-Inferior to none In the Southern coun ,ry. It has stood the severest tests which we lelieve can be opposed to lt, and v/e confident y anticipate for it a bright and prosperous ulure. Respectlully, W. J. MAGRATH, President. vice-President's Report. SOUTH CAROLINA RAILROAD, ) YJCE-PRESIDENT'S OFFICE, > CHARLESTON, January 1, 1872. J To (kc President and Directors of the South Carolina Railroad Company: GENTLEMEN-The business of this road for the year ending December 31,1871, has been ll follows: Earnings. From passengers... .$ 268,038 32 From freights. 1,035,257 10 From malls. 22,144 58 Total.$1,325,442 00 Expenses. For conducting trans? portation.$ 294,015 15 For motive power... 221,392 80 For maintenance ot way. 253,836 76 For maintenance of cars. 60,715 37 General expenses.... 49,898 55 Total. 879,858 63 Leaving NET EARNINGS.$ 445,583 37 COMPARATIVE 8TATEMEST OF EARNINGS. Passengers. Freights. X"ils. IncuVtls. 1871.$.'68,03832 $1,035.25910 $22.144 58 $ - 1870. 292,85385 1,148,94683 28,54135 3,68006 Decr'se.$ 24.815 03 $ 118.68678 $ 4,396 77 $3,660 06 Total earnings, l87l..$l,472.C20 59 Total earnings, 1870.. 1,328,442 00 Decrease.$ 146,578 59 or 9.95 per cent. ?ta I os Sao t- I ao ?) ao cs ' e>_ ?_ g oo JOTM" W" it S _T O . CZ il* O G 7Z t& ? |?33 g u u ? am > ?339 moo? u, t. "*? 51" i. a -? ?'? o'?o o = geo S SIS 2 5S "SS 2?q2o-^ g 5?_r . ; : ; : ; :sas??a * e> ?o r- S : : ?Jogi?? S . spa? d fecot- o : : . : .""a s g g ? ?S i : ; i :Hf*5g ? ?SS S? : : ? ? S 2 ? huS 5 ^ ?? 00 00 -H O 'OOidP^ ? -iSto I ?000 '-"ri ,-** ?f *? 00 .r ?. gSS c. S8 : :gs|??= o ? ri ? S -55 ange's0 goS ? OJ* . a S -XX ""go O . . . . oj es o =^ : : ?3 ?? p? goodes SS gg g geestHCH 55 ?Q_o a 2 o CONDUCTING TRANSPORTATION. *Tai3 account ls charged with $294,015 15, equal to 33.4-10 per cent, of the total expenses, and shows a decrease from 1870 of $22,512, chiefly in the Items of "labor and expenses at stations" and "loss and damage." This last has been charged with $4235 13, the amount of a verdict against the company ior injuries to a passenger In 1866. The year's tonnage as compared with 1870 is: Eastward. Westward. Total. 1871. Tons.120,219 107,845 228,064 1870. Tims.105,771 133,148 238,919 Increase. 14,448 . Decrease. 25,303 10,855 In the leading articles of eastward freight there ls an Increase in cotton of 16,022 bates; in live stock of 5039 bead; in grain ol 8235 bushels, and In domestics of 1449 bales. The revenue shows an Increase of $29,271 66, or nearly 6 per cent. In westward freight there is a decrease of 15,919 tons of fertilizers, equal to nearly Atty per cent., or a loss of revenue of about $30, 000, which, up to the flrst of September, rep? resented t lie entire decrease In the year's freight earnings. As the spring trade to the interior had been unusually ligtit there was every reason to anticipate a large and pros? perous fall business, but the appearance of the epidemic In this city diverted much of its most profitable trada to competing linea. Tlia prin? cipal loss was in the business of Augusta and upper Georgia, and the same cause prevented the Increase of business expected from the Macon and Augusta road. The business from the Columbia branch and connecting roads, from their closer connection with Charleston, has suffered less, and that from the Camden branch shows a moderate increase, indicating the Improving condition of that section of the road. 1 To meet competition by other lines, the road has been compelled to submit to a reduction of rates during the year, averaging five and a half per cent., whico, added to the loss of ton? nage, accounts for the decrease in freight rev? enue. The passenger trafile, as compared with 1870, is : First Class. Second Class. Total. 1871.97,032 100,330 197,362 1870.92,520 94,360 186,880 Increase.... 4,512 5,976 10,482 The average distance travelled by each pas? senger has been 42.7-10 miles. The apparent increase in the number of passengers results from the omission from the statements for 1870 of the short excursion and camp-meeilng travel. Although the loss in passenger reve? nue was heaviest during the epidemic, yet, as in 1870, lhere has been a gradual loss of through travel from the. opening of shorter linos, until now the revenue may be con? sidered as entirely derived from local sources, and not liable to further decrease. The loss of the North and South through travel, how? ever, cannot be regarded as of much moment, os the schedules required did not serve lue local interests of the road, and, when special 1 v provided for, the expenses absoroed all profits; so that, for the past two years, through trains have been run merely to fill existing contracts. A new depot ls in progress of erection at Langley Mills, and several of the smaller depots on the Columbia branch have been thoroughly repaired. At Charleston tue cotton yards have been enlarged and replanked, at a total coBt of $7,634 44, inclu jed in "repairs of stations." MAINTENANCE OF WAT. This account Is charged with $253.836 76, equal to 28.7-10 per cent, of the total expenses, and to $1044 per mlle ot road, showing a de? crease of $17,313 37. The renewals of rails amount to 1452 tons, equal to 164 miles of track, of which there have been received From Abbott Iron Company, o f Ballimore.1.091 tons, costing $82,848 82 From Schofield Company, of At? lanta.361 tons, costing 26,370 96 Total cost.$109,219 78 This has been re? duced by sales of 1686 tons old rails. 65,287 86 Leaving net cost of renewals. $ 43,931 97 Three hundred tons ot 50-lb. rail have been ordered for the section of the Camden branch between Ringville and. Manchester Junction. By mutual agreement between the respective superintendents In 1867, maintenance of this section was left in the bands of the Wilming? ton, Road, but its depreciated condition com? pelled this companv to terminate the agree? ment on the 1st of December, and io resume its charge according to the original contract, The Edlsto bridge was placea in service on the 1st of September. It Is a single Howe truss ?pan with arch, one hundred and eighty fret in length, set on masonry abutmenls. The trestle approaches have been replaced by embankment, and the track through Hie swamp raised an average of four leet. The toial cost of the bridge, including the new track, has been $?6,953 63, ol which $16,924 54 ls charged to this year's expenses. At Augusta a pipe irom the city water? works bas been laid to the bridge, and hy? drants placed at such points as to guard it from danser o? fire. The bridge has received repairs required to maintain its present con? dition. Trestles near the 90th, 86th, 26th, 19th, 16th and 9th Mile Posts have been replaced by brick culverts and drain pipes and filled up. In all, including the Edlsto trestle, a length of 6473 feet has been permanently closed. On the 18th of July the dam of the Langley Factory gave way, and some five hundred feet of track near the 131 Mlle Post was washed out. The damage was promptly repaired without delay to train service. The repairs of the roadway have been thorough and extensive. The ditching of the Columbia division has so tar progressed that the track is no longer seriously affected by any continuous wet weather, and the whole line is permanently improved. The following quantities of material have been consumed during the year: Colum- Camden Main bia Di- Divis Line. vision, ton. Total. Rails, tons. 1,079 373 1,452 Spikes, pounds. .42,750 15,750 2,250 60,750 Chairs. 930 .... 70 1.000 Fish bars, sets... 4,398 1,700 .... 6.098 Pine cross lies.. .56,005 37,598 12,141 105.744 Cypress cross ties 17,171 6,415 .... 23,586 Frogs. 63 18 1 72 MOTIVE POWER. The expenses or this department have been $221,392 80, an increase of $4554 over last year, and equivalent to 28.3-10 cents per mile run. The condition of the machinery ls not ma? terially changed. The small engine, No. 15, known as the "Ariel," has been condemned and broken up. The others have received necessary repairs, and thestock ls adequate to present needs. It would be a measure ol econo? my to procure light engines especially adapt? ed to the use of the Summerville and Aiken trains, and for shifting through the streets of Augusta. Thorough and extensive repairs nave been made at the Charleston shops, involving an outlay o? $7231 17, included in "repairs of engine houses and machine shops.'' The Round House has been fitted up with ventila? tors for the escape of smoke, toundatlone for setting up a Nasmyth steam hammer laid, and paint and glazing renewed. At Slneath S'ation an Iron tank has been erected on brick masonry, with small station- i ary engine for pumping water and sawing wood, and a wood shed bulli, 150 feet In length by 40 In breadth. As surface water was not found In sufficient quantity an arte? sian well has been sunk to a depth of 326 feet, which yields an average daily supply of 30,000 gallons. The cost of the station has been $9745. In? cluded in "Repairs of Wood and Water Sta? tions." At Columbia and Augusta iron water cranes, connected with the water-works of those cities have replaced the wooden tanks formerly In use. The consumption o? fuel has been 18,286 cords. Running expenses per mile as compared with last year : 1870. 1871. For repairs.7.30 cents. 6.94 cents. For fuel.5.40 cents. 5.22 cents. For stores.1.25 cents. 96 cents. Total.13.96 cents. 13.12 cents. MAINTENANCE OF OARS. This account is charged with $60,715, an In? crease of $2063 49 over last year. Extensive repairs have been made, and the rolllog stock of the company ls in good condition. The following table shows the character o? the equipment and the changes and additions during the year: PA89ENG2R EQUIPMENT. On TuinCL Con- On hand Jan. 1,1871. temma. Added. Jan. 1,1872. Flrst-clasi. ..22 1 0 21 Second-clasj.25 0 0 25 Total.47 ? 0 . ~46 FREIGHT EQUIPMENT. Box cars....350 ? 21 369 Stock cars. .14 10 14 Platforms. ..100 1 4 103 Total.464 3 25 486 All o? which ls repectfully submitted. ALFRED L. TYLER, J vice-President. NEWS FBOX WASHINGTON. WASHITOTOM, February 12. Garrett Davis has rehp-ed, and his state Is critical. Ju dare McKean has permission to come here to explain Mormon affairs. _ Colonel Robb, collector of customs at Savan? nah, upon tba luvltatlon 'ot' Da wes. chairman ot the committee of ways and means, ls here, to explain why the tariff should not be taken off rice, and, incidentally, to urge appropria? tions for river improvements In bis section. SENATE.-Chandler presented a petition in favor, but opposed the abolition of the moiety system in customs seizures. Sumner moved fur a committee to investigate the conduct of government officials In the sale of arms to France during the war with Prussia, to sit J with open doors, which went over under the rules. The committee on foreign relations were directed to consider the Joint resolutions directing the President to pretest to Spain against'the treatment o? coolies ia Cuba. Tue Chicago re le? bill was resumed. Ad? journed. HOUSE.-Bills were introduced for erecting public buildings at Rome, Georgia; for for improving the swamp landa at Nortolk Navy Yard; for improving Cape Fear River; for public buildings at Atlanta, Georgia; reviving certain Southern posiroads; remov? ing obstructions to commerce at Louisville; repealing the duty on printing material; Im? proving the Roanoke River. The bill allow? ing criminal d?fendante to testily In their own behalf at their own request, with the proviso that their failure shah not be construed as evidence of guilt, was passed by a vote of one hundred and forty-three yeas to forty-three nays. The resolution giving a certain woman i hearing at the bar of the House was reject id by a vote of eighty-six to ninety-five. iTonnsr, ol Georgia, offered a resolution In? structing the judiciary committee to report i bill removing the political disabilities from ill who bad applied. Adopted. A resolution n8trucllng the committee on ways and means :o report a bill repealing ihe tariff on tea and :offee was adopted by a vote of one hundred ind forty to thirty-seven. ALEXIS IN NEW ORLEANS. NEW ORLEANS, February 12. The Ducal party have arrived. The weather oromises to be favorable tor Mardi Gras. The lotels are crowded. Alexis goes to the opera ;o-nlght. THE FUNERAL OF ARCHBISHOP SPALDING. BALTIMORE, February 12. Archbishop Spalding's obsequies were very mposing and Immense. Several delegations >f colored Catholics from a distance participat ?d in the ceremonies. THE WEATHER THIS DAT. WASHINGTON, D. C., February 12. The low baremeter at H?tteras will proba ?ly move northeastward away from the coast, pith northeast winds and threatening weath ?r, extending to the New Eogland coast on Tuesday. The low barometer lo the Missouri Valley will extend eastward over Illinois, with ncreaslug northeast winds on the upper Lakes, and southwest winds and threatening weather from the Ohio Valley to Texas. Dan rerous winds are not anticipated for Monday light except on the upper Lakes. kTesterday'a Weather Reports of the Signal Service, U. S. A.-4.47 P, BI., Local Time. Place of Observation. Ljgusta, Ga.... ?altimore. jos ton. Charleston. jcicago. hucinnati. Salves ton, Tex., i ey West, Fla., inox ville, Tenn. Hem puis. Tenn.. Kt. Washington, flew Orleans.... <ew York. I m'jlk. Philadelphia. Portland, Me... ia van :i ah. ?r. Louis. Washington. Wilmington,N.e. gat 29.88 30.03 30.(Jj 29.8? 20.74 2 J. 94 9.85 ?9.09 29.81 *9.7S 29.09 29.81 30.06 29.92 30.06 30.02 29.86 29.6* 30.04 29.75 35 SW 46 Calm. bl W 61 NW 43 SE 59 Calm 63 S 73 NW 56 >E 57 ? 23 W 66|stV 45 SE 45 NE 5> NE 41 Calm. 6 NW 47 SE 4* E 62 W Light. LtfZht. Gentle. Fresh. Gentle. Gentle. Gentle. Freih. Gale. Fresh. Gentle, resh. Light. Geutle. Fte h. Light. Fresh So Thr'ng. Cloudy. fair. Fair. Cloudy. Fair. F.lr. Fair. Cloudy. Fair. Fair. Clear. Fuir. Lt. Rain Cloudy. Clear. loudy. Cloudy. Cloudy. hr'nir. NOTB.-The weather reriort dated 7.47 O'CIOOK, ?his morning, will be posted in the rooms ol the ?namber ol commerce at 10 o*clock A. M., and, .ogeiber with the weather chart, maj (by the ?ourteay of the Chamber) be examined by ship nastera at any time daring the day. THE LONDON WAR CLOUD. REPORTED ASSASSINATION OF LORD sr ATO. 4 Bismarck Does Not Intervene-The Ef? fect on the United State* Loan-Bout, well Can Walt. LONDON, February 12. The report that Bismarck proposed to medi? ate between Great Britain and the United States is unfounded. It ls reported that Lord Mayo, Governor General of India, bas been assassinated by a convict. The report affects securities. WASHINGTON, February 12. The treaty embrogllo has checked all efforts to place the balance ot the new loan in Europe on the market. ?Boutwell says it will soon blow over and he can afford to walt. NEW TOBE, February 12. A Herald special from London reports that Schenck has written to the English Govern? ment protesting against Gladstone's language In debate as an imputation upon the good faith of the United States. The government will probably answer in a more friendly spirit, deprecating any diplomatic application to words used in a heated debate. A WARNING TO CARPET-BAG GOV? ERNORS. Impeachment of Governor Retd, of Florida - Ills Many Crimes - The Unanimous Action of the House-His Conditional Resignation Looked For. TALLAHASSEE, February 8. .The most unexpected event so far, at least, as the general public and most of the politi? cians were concerned, and one whose conse? quences to the State cannot yet be accurately estimated, was the impeachment of Governor Reed, which took place yesterday; and which was carried by the unanimous vote of the As? sembly. The Assembly met as 'usual, about ten o'clock, iorty-elghl members out of the fifty three comprising the Assembly, being In their seats. About eleven o'clock, the special com? mittee, appointed lo investigate the sale of the Pensacola and Gulf Railroad and other matters, consisting of .Messrs. Cessna, of Ala chua, Gillis, of Putnam, Johason, of Jefferson, Osgood, of Madison, and Duke, of Columbia, announced through its chairman, that the committee was ready to report, and Mr. Duke proceeded to read a report covering fifty-five pages of foolscap. This report stated In substance that, In the opinion of the committee, the sale of the Pensacola and Gulf Railroad was illegal by reason of the irregular and unauthorized pro? ceedings of the trustees of the internal Im? provement fund at the time of the sale. The committee then proceeded to investigate the conduct of Governor Reed In connection with this road after Its transier to the Jacksonville. Pensacola and Mobile Railroad Company and after a very voluminous synopsis of the evi? dence, sum up their conclusions and charges as follows: "Your committee charge bim (Reed) with a violation of law, In the immense over issue of bonds upon a railroad not yet constructed. "His violation of law In issuing one million of bonds for the purchase of the Florida, At? lantic and Gulf Central Railroad. "His violation of law In conspiring in a frand In the Issue of bonds to the Jacksonville, Pen? sacola and Mobile Railroad Company, with full notice of the fraudulent title or the road and of the lien existing upon it. "His violation ol law in obtaining the sum ol $3600 by corrupt Influence, and attempting to obtain $223,000 of the proceeds ot the sale of bonds. "Ills violation ol law in attempting to Influ? ence a Judicial officer of the State In exercise ot his Judicial functions In connection with these railroads. "His violation of law In receiving the sum of $10,000 to control his official conduct in the matter of a cc ni rac t for Internal improvement lands." The conmittee closes Its report as follows: "Your committee now close what to them has been an irksome yet an Invaluable task, and In full consideration of all the facts in possession of the committee-of the future security and safely of the State-and of our own deep sense of accountability, your com? mittee unanimously recommend that Harrison Reed, Governor, be Impeached for high crimes and misdemeanors and Incompetency In office." The reading of this report created the most intense excitement on the floor and in the lobby, and as soon as lt was concluded and its adoption moved, Mr. Graham, ol' Manatee, took the floor and spoke at some length in favor of postponing action on the report. Scott, of Duval, Wyatt, of Leon, and one or two others taking the same course. Judge Gillis, of Putnam, made a etrong speech in favor oi immediate action, and was supported by Duke, of Columbia, Osgood, of Madison, Boyd, of Nassau, and Armstrong,-of Columbia. Atter about an hour spent In debate, the mo? tion to adopt the report was put to vote and was carried almost unanimously, only one vote (Crane, of Monroe,) being recorded in the negative, and that vate being subsequent? ly changed. Mr. Cessna, of Al ach tia, immediately offered a resolution of Impeachment, and the question being called for, the previous question was ordered and every member voted "aye." Mr. Cessna then moved to reconsider and lo lay the motion to reconsider on the table, and this motion was also carried by a unanimous vote. A committee (Mr. Cessna, chairman,) was then appointed to draw up articles of Impeach? ment and present the same to tho Senate, and the Assembly then adjourned. While these proceedings, were occupying the Assembly, the Senate, unconscious of what was taking place, adjouned to four o'clock in the afternoon. At four o'clock the Senate mer, several prominent Democratic leaders being conspicuous on the floor, and as soon as the roll was called, Mr. Henderson moved to ad? journ to four o'clock Saturday morning, which motion was carried by a vote of twelve to seven, Messrs, Billings and Pearce voting with the Democrats in favor of adjournment. The cause of this Budden adjournment was the utter bewilderment ol ihe Democratic senators and their Inability to understand the events of the morning. They therefore de? sired time in order to investigate the situation and decide upon their course. There appears to be no question that the Governor's Impeach? ment was not the result of any political combi? nations, but was the almost spontaneous action of tlie Assembly irrespective of political con? siderations, and forced upon them by what ap? peared to be the overwhelming torce of the report. This is apparent from the fact that both Democrats and Republicans voled to? gether, and from the further fact that the re? sult was utterly unexpected to the Democratic leaders outside and In opposition to their polit? ical plans. The excitement is gradually subsiding and matters will now probably take their natural course. Il ls reported to-night that Governor Reed will probably resign, conditionally, but wbetlier inls report ls true or not on Saturday next L'eutenant-Governor Day will probably be Inaugurated as acting Governor of the State. A STEAMBOAT DISASTER. NEW ORLEANS, February 12. The steamer Sabine, from O ii ac nil a River, with sixteen hundred bales of colton, collided with the steamer Richmond at Twelve Mile Point early this morning. The Sabine sank in a few minutes. The Richmond was con? siderably damaged, but rendered all assist? ance possible, taking all the passengers and some three hundred bales of cotton on' the 3ablne, which vessel will probably prove a total loss. 1 he Richmond was so badly dam? aged that she liad to return to this city for repairs. SPARKS FROM THE WIRES. -Stokes's trial begun yesterday. -Peterson's oil cloth factory at Philadelphia was burned yesterday. Loss $100,000. -The Moro Castle nearly foundered on the trip to New York. She used eighty boxes ol sugar to make steam. _The depositors in the Guardian Savings Bank ol New York will be paid In full. THE GENERAL ASSEMBLY. Proceeding* of Yesterday.- Senators Sawyer and Robertson Respectfully Requested to Resign. [SPECIAL TELEGRAM TO TUB NB WS.] COLUMBIA, February 12. The Senate passed the bill to amend the charter of Hamburg; a'so, the bill to incor? porate the Town o? Lewisvllle. Beckhan in trod need a bill to Incorporate the Charleston Joint Stock Company for the benefit of the State Orphan Asylum. The House passed bills to establish a public road in Barnwell and Orangebarg; to repeal the act for the appointment of a land commis? sioner; to change the name of Wm. N/athl. Martin; to Incorporate the Che raw Fire Com? pany; to authorize the reissue ot State stock; to compensate Judge Green for extra services; to pay costs on lands purchased by the State at delinquent tax sa'.es; to incorporate the Brotherly Association o? Charleston, and to change the location of Armstrong's Ford Boad in Tork County. A r?solution was adopted by a vote o? sev? enty yeas to nine nays demanding the im? mediate resignation of United States Senators Sawyer and Robertson, on account of their having used their influence and cast their votes against Sumner's civil rights amend? ment to the amnesty bill, which was deleated last week in the United States Senate. PICKET. THE BLOCKADED TRAVELLERS. SALT LAKE. February 12. Urgent applications for food come from the blockaded trains. Much sickness among the passengers ls reported. ANOTHER RAILROAD ACCIDENT. CINCINNATI, February 12. Two freight trains came into collision six miles east of Mitchell, Indiana. A passenger train ran into the wreck, and lt ls reported that several persons were killed. A CARD OE THANKS. At a meeting of the congregation of the German Evangelical Lutheran Church, Hasel street, on Sunday, Februar y ll, the following resolutions passed unanimonsly: 1. Resolved, That the thanks o? the congre? gation are doe, and they are hereby respect? fully tendered, to Messrs. Henry E. Sharp & Son, of No. 147 East Twenty-second street, New Tork, for the honorable and faithful man? ner In which they have fulfilled the contract for stained glass, they having furnished our church tastefully and beautifully with elabor? ate works of art, even exceeding our expecta? tions; and, moreover, for a very moderate price, considering the mass of work done. 2. That we cordially recommend Messrs. Sharp & Son to all who may have to transact business with them, In their line, as gentle? men o? honor and trust, who can be relied upon with full confidence. 3. That these resolutions be communicated In writing to the Messrs. Sharp by our secre? tary, and that the papera ot Jharieston be kindly requested to publish them. From the minutes. WM. UFFERHABDT, Secretary German Evangelical Lutheran Church. THE PACIFIC FERTILIZERS. CHARLESTON, December 19, 1871. TO THE EDITOR CF TBE NEWS. To confirm public confidence In the Guanos offered fur sale by me, it baa always been my desire to avail myself of the best scientific ability In order to give the planter every possi? ble guarantee as to their standard. My store? houses in the city, as well as the Pacific Guano Works at Blkersvllle, have ever been open for inspection; and although the latter have been under the personal supervision of Dr. St. Ju? lien Ravenel, yet with his entire approval our stock has yearly been examined by Professor Shepard and bis endoraements of their high standard received. I enclose herewith an ex? tract from his report Just taken. The analyses are on file at my office. J. N. ROBSON, No. 68 East Bay, and Nos. 1 and 2 Atlantic Wharf. LABORATORY OF THE MEDICAL COLLEGE, ) | QUEEN STREET, V CHABLESTON, December 16,1871. ) "In conclusion 1 would state that the three articles (namely, two samples of Pacific Guano and one sample of Com. Acid Phosphate,) ex? amined are fully up to the old standard of the Soluble Pacific. "Very respectfully yours, febl3-5D*o "CHAS. U. SHEPARD, Jr." Hotel Arrivals-February li. PAVILION HOTEL. Chas. Gordon, Savannah; S. Lee, H. A. Gun? ther, New York; Mr. and Mrs. J. W. Sellers, Mr. and Mrs. R. H. Zimmerman, Mrs. A. Zim? merman and child, St Matthew's; George W. Irwin, Columbia; LeRoy Wilson, A. H. Brab? ham, Buford's Bridge. MILLS HOUSE. Frank B. Evans, Philadelphia; T. J. Thomp? son and wife, New Orleans; Geo. E. Watkins, ! wife and child, Peter R. Scott, Wm. Stuart, M?ES Emma Stuart, New York City; $W. C. Tal? bot, Troy, N. Y.; Jas. Hunter, B. G. HolmeB, , Beaufort. CHABLESTON HOTEL. E. D. Lacy, New York; D. J. T. McFarland and lady, Mrs. V. Aldrige, Mrs. C. A. Doolit? tle, Miss Helli, A. F. Butler and lady, Savan? nah; F. Maxwell, P. J. Mcphillips, New York; S. C. Millett and wife, Port Royal; F. S. Le? gare, John's Island; J.D. Dunlap, J. T. Hay, Camden; Geo. D. Sellers and lady, St. Mat? thews; B. W. Pugh, New York; G. S. Berg, C. F. Jackson, Columbia; T. H. Lemmerman, wife and two daughters and son, St. Mat? thew's; W. D. Woods, N. S. Gibson, Geo. E. Mc? Call, T, P. Ll de, E. W. Charles, Darlington; Jno. H. James and wife, H. M. Cotingham and wife, Atlanta; Theodore F. Malloy, Cherawt W. Clyburn, Camden; H. Covington, E. Allen, South Carolina; J. J. Frierson, Mrs. J. J. Frier son, Clarendon: R. S. Agnew, Aiken; Misa Coffin, Aiken. SHERMAN HOUSE, CH I CAC Or* MADISON AND CANAL STREETS, Completed and furnished with all mod? ern improvements since the Great Fire I Flist-class accommodations for two hundred Guests I Our present location makes the SHERMAN HOUSE the most desirable Hotel in Chicago, for both the business and pleasure-seeking travel? ler, it being in the very heart of the city and easy of access from all the Depots. GAGE,! BROS. & RICE, febi3-i PROPRIETORS. _ Marmh'. - cBISOLM-BEE.-On the 8th instant, by .Hw Rev. W. 0. Prentiss, LATHENS N. CHISC-LX and V.ILERIA NORTH, y oungea t daughter ot Winiam 0. Bee, Esq. ' . . . Innerei iTotires. BOLLES.-Died, on board Beamer Dictator, February ii, 1872, while on his passage home from Florida, J ssas H. "BOLL ss, aged 43 y ears and ll months. ps~ THE RELATIVES AND . FRIENDS of the family are Invited to attend th? Fanerai Service at his late residence, Ashton street, Gads? den's Green, THIS AFTKROOON, . at hair-past 8 o'cuwk. . febt?* THE OFFICERS AND . MEMBERS, of Tyre Lodge, Na 186, are Invited to assemble at Holme&'s Lyceum, Tms AVTSBMOON, at 2 o'clock, to pay the last tribute of respect to their deceased Brother, JESSE H. BOLLES. By order W. M. M. GREENLAND, febia ... secretary. _gptrial Notices. pm* CONSIGNEES PER STEAMSHIP SOOTH CAROLINA, from New York, are hereby notified that she will discharge cargo THIS DAT, 18th Instant, at Pier No. 2, Union Wharves. Goods uncalled for at sunset win remain on the wharf at owner's risk and **y*nn*. rebia-i WM. A. COURTENAY, Agent.' ' 55 CONSIGNEES PER ' STEAMSHIP SEA GULL, from Baltimore, are hereby notified that she la THIS DAT discharging cargo at Pier No. i, Union Wharves. All goods -not taken array at sunset will remain on the wharf a t con? signees' risk. MORDECAI Ss CO., febl8-l Agents.: ~ pm*- CONSIGNEES PER COMMERCIAL Une Schooner M. A. TYLER, Tyler, Master, rr cm New York, are hereby notified that she is Tins DAT d l s c h arg in g at Pier Nan Central Wharf. AH goods on the wharf at sunset will be stored at owners' expense and risk. No claims allowed after goods leave the wharf. ELF. BAKER ACO, . . febi8_Agenta. ' pm* FRESH VACCINE MATTER, TAKEN FROM THE ARM, FOB SALI AT B U RN H AM'S DRUG STO?E, ; No. 421 RING STREET, feb 12-* CHARLESTON, B. C. pf ANNUAL MEETING OF THE SOUTH CARO LISA RAILROAD COMPANY, AND OF THE SOUTHWESTERN RAILROAD BANK. Shareholders having proxies Intended to be naed nt the Meeting to be held on the 13 th and 14th instants, are requested to lodge them with either' nr the following Committee, who will b, fe at-^ tendanoe at the Bank Hail during the mobongJot the 18th instant for the parp?se of verifying prox? ies on the following djy. during the Election, other duties may prevent the Committee'from examining batches of proxies before the boor for closing the polls. JOHN Y. STOCK, ) Committee A. W. BURNETT, J on L. c. HENDRICKS,) Proxies. feblo-3_" pm* THE CHARLESTON CHARITA BLE ASSOCIATION, FOR THE BENEFIT OF TM FREE SCHOOL FUND.-0FFIGAL , RAFFLEB NUMBERS. CLASS NO. 845-MORNING. - ? 41-68-48- 0-27-75-25-22-60-71-36-31 CLASS No. 840-EVENING. 26-13-34-27-47-77- 5-60-39-71-24-18 Aa witness oar hand at Charleston this 12th day or February, 1872. FENN PECK, JAMES GILL1LAND, oct8_sworn Commlaaioneri. pm* ST. JOSEPH AND DENVER CITY RAILROAD COMPANY. EXECUTIVE OFFICE, NO. 81 NASSAU STOUT, NBW YORK, February 1,1872. The Coupons and registered lu ter est doe Feb* mary 15,1872, on the First Mortgage Eight Per Cent. (8 p. 0.) Gold Bonds (E. D.) and the Eight Per Cent. (8 p. c.) Gold First Mortgage sinking Fond Land Grant Bends (W. D.,) of the St. Joseph and Denver City Railroad Company win be paid at the office of the Farmers' Lom and Trust Company of the City of New York, npon presenta? tion and demand on and after that date, Free of Tax. FRANCIS A COFFIN, Asa't Treasurer, feb5-12 _ gt. J.A D.C. R.B.Co. pm* 0 N MAR RIAGE.tsX Happy relief for Yoong Men from' the effects of Errors and Abases in early life. Manhood re? stored. Nervous debility cared. Impedimenta to Marriage removed. New method of treat, ment. New and remarkable remedies. Book* and circulara sent free, lu sealed envelopes. Ad* dress HOWARD ASSOCIATION, Na 2 South Ninth street. Philadelphia. Pa._octia iUnnicipal Notices. .. "IsrTAXES.-THE TAXPAYERS OP the Seventh District of Charleston county, oom* prising Edlato, John's, Wadmalaw, James Island and St. Andre w's Parish, are hereby notified that the Tax Books will be In the city, at the Fire? proof Building, February 16, for the Collection Of state, county, Poll and School Taxes, for the year 1871, and wul remain open 16th, 17th, 20th and lilst, closing 22d. N.B.-The delinquent Tay pay era of 1809 Will Have no farther time allowed from that date. WM. H. W. GRAY, febl2-6_Deputy Treaoarer. Coportntrgtiipg ano flliBBolnticrif. J"~MTWEEKXETIS THIS DAY AD . MITTED a member or eur Firm, to dato irom the 1st instant, under the Firm name of UURDAUGH, MATTH EWE S 4 CO. febia-6_MUBDAUOH A- MATTHEWS. COPARTNERSHIP NOTICE.-WE nave this day admitted Mr. J. H. L. 8CHU CUERT as a member of our Firm, to date from January 1, 1872. JEFFORDS A CO. Charleston, February 9. 1872._feblQ-3 THE STATE OF SOUTH CAROLINA, CHARLESTON COUNTY.-Certificate or Lim* lted Partnership between THEODORE G. BOAG, or the City of Charleston, In the O nnty and Sta e aforesaid, and ANDREW M. JACKSON, of Augusta, in the State or Georgia. To all whom these Presents shall come they are to certify that agreeably to the act of the Gene? ral Assembly, or the State aforesaid, entitled An Act to authorize the formation of Limited Part? nerships, passed on the 2uth day of December, 1837; aaa another, entitled An Act to extend tba duration of An Act authorizing t&e formation ol Limited Partnerships, passed on the 18th day of December. 1840; and another Act extending the same until repealed, passed on the 20th day of December, I860, THEODORE G. BOAG, or the City ol Charleston, In the County and State afore Bald, and ANDREW M. JACKSON, of Augusta, in the ?tate or Georgia, have forme i a Limited Part? nership, as follows: First. The Partnership ls to be conducted under the name or firm of THEODORE G. BOAG. ;-econd. The general nature of the business In? tended to be transacted ls that of a General Fac? to: age and Commission Business, in the said City of Charleston. Third. ANDREW M. JACKSON, residing In the i Itv ol Angosta, in tho State of Georgia, ls the Special Partner, and THEODORE G. BOAG, re? siding in the city charleston and State aforesaid, ls the General Partner. " i Fourth. The said ANDREW M. JACKSON, tte Special Partner, has contributed in cash the roll and Just sum of Five'thousand Dollars to tte common stock. Fifth. The said Partnership to commence on the twenty-foorth day or January, 1872. and win terminate on the first day of January, MW. in witness whereof the said rujntnj*T hereunto set their bands and sods, a this, the twenty-fourth ^?^?A ??T ATM. JACKSON. IL.B.J Slgned.'sealed and delivered m ihe Pre*ecceo: R. STDPBVBA, E. M. WHITING. jA025-3d