The Charleston daily news. (Charleston, S.C.) 1865-1873, July 19, 1872, Image 1
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VCLUME IX.-NUMBER 1967
CHARLESTON WEDNESDAY MORNING, MAY 1, 1872.
EIGHT DOLLARS A YEAR.
THE RAMUAD CASE.
M?RE VENTILATION OF THE SECRETS
OF THE GREENVILLE RING.
. Financial Kn.Klai Surrendering
Th e miel ves and Confessing their Con?
spiracles.
The bankruptcy proceedings upon the pe
\ tltioa of Daniel E. Scanne), of New .York, In
re. tne Greenville and Columbia Railroad
Company, were continued yesterday morning
in the United States District Court before
Judge Bryan, Messrs. D. T. Corbin and Geo.
D. Bryan appearing for the petitioner, Messrs.
A. G. Magrath and G. D. Melton and John T.
Rhett, of Columbia, for the railroad company,
and Messrs. Porter ? Conner, Simonton &
Barker and John D. Pope, of Columbia, for
Tarions creditors.
There-direct examination of President W.
J. Magrath being continued by Mr. Corbin, be
tea titled as follows : The new bridge over the
Broad River has not been built, the engines
and cars have not been purchased, nor th?)
new ralla laid as suggested by Colonel Doda
mead In his annual report, 'He advised those
thing* aa good and useful things to be done,
but not as necessary things. The bridges, &c,
have all been kept In thorough repair. The
Interest account last year was $242,285 64. The
witness made a long explanation of b's rea?
sons for bellevlog tbat the complet iou of the
Air Line Railroad would not be detrimental to
the Greenville and Columbia Road, stating
that the great cotton mart of the Southern
Staten was New York, that cotton sought that
market always by the cheapest route, and that
by the Greenville and Colombia Boad, and
via Charleston, the distance was leur hundred
and forty miles, while by the Air Line Boad,
and via Portsmouth, the distance wonld be
six hundred and sixty-two miles, commuting
the sea miles according to the contracts with
the respective lines ot steamers. The ex?
penses of the South Carolina Railroad In 1869
were sixty-five per cent, of Its earnings, In
1870 sixty-two, and this year they will be less
than sixty-two per cent. Sixty per cent, ls a
fair average of the expenses of the roads
throughout the country, but the Greenville
Road has less necessity now for liberal ex?
penditures than the South Carolina Boad.
Re-cross-examination by Judge Magrath:
The superintendent ls subord?nate to the di?
rectors. His reports are intended as Iniorma
tlon for the company, and not as binding to any
Une of action. His suggestions are not made
wltb reference to the financial capacity of the
road at any particular time. My purchase of
the road showed that I did not deem lt insol?
vent, and fie amount of the purchase money
Indicated Its value to me over and above all
Its liabilities. I wonld not sell out for what I
gave for lt. I have heard -within three weeks ?
of a person who wanted to buy it for more
thangi gave for it. The effect of the Green?
ville road Dassin g into the bands of persons i
who wonld operate it In the interest of people
outside of the State wonld be very detrimental
to the lowan part of the State. Out of 88,000 (
bales of cotton shipped over the road last ,
year, 81,000 came to Charleston. If the road i
passed into other hands, not one bale would <
? - co ?ne-tn -Ch ar Iee to n. t
Mr. Charles H. Manson, the assistant treas- j
urerofthe Greenville and Columbia Railroad
Company, was next called by Judge Magrath, j
and testified that he had been Instructed by
President Magrath last April to go to New
York and ascertain the nature of the claim ol
the Commercial Warehouse Company. He
saw the president and two of the vlce-prerl
? dents of that company, who said that a cash ,
loan of $150,000 had been obtained irom them i
by H. H. Klmpton, aa financial agent of the .
road, who had given therefor three notea j
signed by John J. Patterson, aa vice-president i
of the road, and that the money had been i
given to Klmpton. The loan was made at j
? seven per cent, interest and $600,000 of
Greenville and Columbia second mort?
gage bonds were dep.-sited as collaterals, 1
upon the face value of which the Ware- j
li house Company was to charge five-eights i
per cent, per month commission, making ?
the commission and Interest amount to
thirty-seven per cent, per annum of the
amount of the loan. If lt became necessary
thejrwere to sell the collaterals to repay the
loan, and for this they were to receive two |
and a half per cent, more upon the lace of the '.
collaterals. The loan was made In the sum- .
mer of 1871. Three notes were given, each at ,
four months time, lor $76,000, $60,000 and <
$25,000 respectively, and dated June, July and <
August. No report of that negotiation was
ever made to the company by Klmpton. In
his account current In January, 1872, he men- <
Honed three cash loans for $76,U00, $50,000
and $25,000 respectively, which the witness
supposed, from the similarity ot amounts, to
bethe ones above mentioned. The witness
produced the minute book of the directors* of
the Greenville and Columbia Railroad Com
piny and read various resolutions and
proceedings of the board. The first was
on May 23, 1872, In which the pres?
ent board of directors resolved that
In view ot the Indefinite statement of
faots regarding the claim of the Commer?
cial Warehouse Company, and whereas they
were about to sell the bonds in their hands,
the president be authorized to take steps to
prevent or stop such sale, as they regarded
the transaction fraudulent. He found no
record of $600,000 of bonds being put in Klmp
ton's bands for the purposes of this transac?
tion. On May 1,1871, a resolution was found,
which waa int rod ac ed by Joe Crews and car?
ried,v tbat Klmpton be furnished with
notes for the amount due him, and-bonds
to secure the payment of the - debt. On
April 28, 1871, an executive committee was
appointed, consisting of Frederick Busti, Joe
Crews and Niles G. Parker. Klmpton's trans?
actions with the company were very large,
and would be naturally supposed to Involve a
large correspondence, but the new board,
when they cane into office, did not find a
single letter from Klmpton among the records.
On May 1,1871, a resolution was adopted that
the Greenville and Columbia Railroad Company
purchase the franchise of the Continental Tele?
graph CompaBy, and pay therefor $387,500 io
second mortgage bonds at par value. On
January 6, 1872, Patterson offered a resolu?
tion , rbi ch was adopted, Baying that, whereas,
the president reports that be bas been able to
?buy the Continental Telegraph Company for
$300,000, be be authorized to make such
changes In the receipts and vouchers as to
correspond with the amount actually paid
oat. On May 2,1872, a resolution was intro?
duced In the new board by Judge Orr, and
adopted, that the last mentioned action of the
late board baviog been taken without a quo?
rum being present, and could not have been
taken any way without the consent of the
stockholders, it waa repudiated and declared
void. At the same meeting a resolution,
introduced by J. C. Low, was adopted,
which directed the financial officers of the
! company to ascertain the amount of bonds
that had passed out of the possession of the
company without any consideration being re?
ceived therefor, and directed the president, to
proceed by litigation or otherwise to secure
the recovery of the same.
Cross-examloed by Mr. Corbin: Kimpton
?vas the financial agent of the company In
New York. His accounts showed sales of
bonds, and the application of the proceeds to
the payment of Interest and drafts upon him.
He acknowledged receiving $626,500 of bonds.
The first executive committee was Bush,
Crews and Waterman; the next one was
Bush, Crews and Parker. Do not find any
record ot the late board having repudiated the
actions of Kimpton, Patterson and the execu?
tive committee. The accounts appear to have
been duly audited. Do not know of any thing
to Impeach the conduct of the Commercial
Warehouse Company In connection with the
loan. ,
Bedlrect examination by Judge Magrath:
Eimpton's last account was audited by the
late board of directors. It was for $182,86150.
I have Inspected the account. It ls not a cor?
rect account.
C. D. Melton, Esq., was next 'called as a
witness by Judge Magrath, and testified as
follows : "I am an attorney of the Greenville
and Columbia Railroad Company, and have
received Instructions and have taken action
regarding the recovery of the bonds alleged
to have been embezzled from the Greenville
and Columbia Bal lroad Company by the Conti?
nental Telegraph Company. I have met with
some success. Two of the parties have come
forward and surrendered the bonds held by
them, and I have hopes of some others. Those
who surrendered confessed that the whole
thing was a scheme to obtain the $300,000 of
bonds to be divided np among themselves. I
have received $37,500 of these bonds from J.
L. Neagle, and $21,000 from John J. Patter?
son. They were second mortgage bonds, re?
ceived by them as their share of the price of
:he Continental Telegraph Company. They
were directors of the Railroad Company, and
the purchase money was divided up amoru
them In proportion to their shares In the Ball
road Company. They were themselves the
directors ot the Railroad Company, and they
held between them $50,000 of stock.
An affidavit was read by Judge Magrath
which was made by Bentley D. Hasel, of New
York, who deposed that on the first of June,
1872, he went to the office of the Commercial
Warehouse Company and served upon Mr.
Navarro, one of the vice-presidents, a notice
that ll the company persisted in the sale of
the Greenville Railroad bond?, he would at?
tend the sale and notlly all comers that the
railroad company denied the validity of the
obligation and the bonds. That he did attend
the sale, and notified all who were in attend?
ance that the Greenville and Columbia Rail?
road Company had no evidence ol the alleged
indebtedness, that no authority had been
given to any one to contract such an obliga?
tion, that they denied the right of the Com?
mercial Warehouse Company to hold, use or
sell such securities, and would deny the right
af any purchaser to buy or hold them. That
:he sale nevertheless proceeded, and one lot
)f the bonds was bought by Mr. Castellanas
lt 25 per Cent. Ot their faca valus, abd the ro?
na! nder by Mr. Parsons, at 29* per cent.
The court then adjourned until this mora?
ng. m | t f
THOSE DIRECT DAMAGES.
LONDON, July 18.
The British agent at Geneva has presented j
i demurrer praying that the tribunal exclude t
the cases of the Tallahassee, Chlcamauga, Sum- j
:er. Nashville, Retribution. Boston, Sallie /
Jeff Davis, V. H. Joy and Music. Pending a ,
leclBlon, c.?ch side presented a process con- c
raining the essence of the argumentative por- t
dons of the case and counter-case. A sum- t
mary of the American argument and state- s
ment in the case of the Florida was presented ?
to-day. c
GENEVA, July 18. c
The preliminaries have been settled, and (
the board bas finally decided to take up the ,
;ase of each ship seriatim. Professor Mon- f
Sue Bernard arrived to-day. The roofs and t
conies of the hotels are again decorated r
with flags and streamers. t
THE SARATOGA RACES. I
SARATOGA, July 18. jj
The first race, hurdle, two miles, was won v
>y Loch lei beating Astronomer four lengths, t
Tammany third, Lobelia fourth, both close up. a
Time lour minutes and three-quarters. The c
jetting was four to three on Lochiel against y
he field. The second race, purse five hun- v
Ired dollars, for two year old, three-quarters r
)famlle. Luna won very easily, with Liver- ?
)Ool second, Bonner third. Calvert was c
leaton. Time 1.19. Luna was the favorite at {j
'our to three against Bonner, and five to three ,
igainst the rest. t
The Sequel stakes were won easily by Wade c
Bampton beating Sue Ryder. Time 3.42*. l
THE BOTHERED BONDHOLDERS. t
NEW YORK, July 18. f
At a meeting of the South Carolina bond- 1
holders to-day the committee reported little I
progress In the collection of the subscription 1
for the prosecution of their claims, and a reso- 1
lutton was adopted requesting all holders to 1
deposit one per cent, on the par value of the 1
bonds for use in the contemplated suit. <
NATIONAL BANK ITEMS.
WASHINGTON, July 18.
The comptroller of the currency has given
notice to the creditors of the National Bank of '
Vicksburg, Miss., and the First National Bank
of Selma, Ala., that claims mast be presented
within the next thirty days or they will not be
allowed. Claims can be presented with the
requisite proof to the coriptroller of the cur?
rency.
SPARKS FROM THE WIRES.
-The trial of Boss Tweed, In New York, has
been adjourned until September.
-The Ouban privateer Pioneer is still In the
custody ol the treasury department, awaiting
an Investigation by the judicial authorities.
-The steamship Clyde, from Galveston for
New York, went ashore in a fog, yesterday
morning, at Fort Hamilton, and remains blgu
and dry.
-A dispatch from Port "aid announces the
arrival there, and the t equent departure
for England, of Stanley, toe Herald's hero of
the Livingstone search. He is accompanied
by the son of Dr. Livingstone.
-A prominent member of the German
House of Representatives writes confirming
the news that Bismarck is to try and stop, by
legislation, the great flow of emigrants from
the Empire to this country, and characterizes
the movement as stupid. He sayB the only
way to prevent emigration is to afford the
people the same advantages they have here.
THE NEW YORK FRUIT MARKET.
The Daily Bulletin of Wednesday, July 17,
says:
Watermelons are arriving freely from Geor?
gia and in good condition. Lawton & Wilson
blackberries are plenty and a trifle easier.
Other berries without material change. New
apples abundant and lower. "We quote : New
apples, good, $2 50a3 50 per barrel, $1 75u2 per
crate. Raspberries 6al0c per quart. Cherries
3al2c per pound. Currants 7al2o per pound.
Gooseberries $3a6 per bushel. Watermelons
$60a70a80 per 100. Blackberries 15a20c.for
Wilson's and Lawton's, and CaSc for common.
Whortleberries $3a5 60 per hush.
THE CAMPAIGN OF PEACE.
" ORGANIZING VICTORY."
Activity of the Liberal Leaders in Sew
York City.
NEW YORK, July 18.
The Republican Executive Committee held a
meeting yesterday afterooon, which was exe?
cutive in character and for the moat part
secret. Measures were discussed for forward?
ing the canvass in Pennsylvania, Indiana,
North Carolina, and '.Vest Virginia. Ex-Sena?
tor Abbott made a cheering report of the can?
vass in North Carolina. Colonel Evretf, chair?
man of the Republican State Central Commit?
tee, appeared from Pennsylvania In place of
w. H. Kimball, who ls ill. A suggestion was
considered from West Virginia, looking to the
utilization of all the elements oppose J to the
Democratic Liberals ot that State. The de?
tails of the campaign , will be organized in a
few days at headquarters here. A secret ses?
sion ol' the Executive Council of the Union
League of America waa also hald in the after?
noon, at which lt was resolved to co-operate
with the National Committee. .
A STUPID ANTAGONIST.
Disappointed Politician!-Presidential
Complacency- \or Afraid ot Greeley
Sumner and the Colored Alen, Sic.
[Correspondence o^ttio Baltimore Sun .1 '
* WASHINGTON, July 16.
The President did not arrive to-day lrom
Long Branch, as promised by telegraph,-ana
Lt ls quite doubtful If he return? to Washing?
ton this week, tho ngh he.ls expected. Offi?
cials at the White House state that he. was not
expected to-day by them, though announced
elsewhere as coming. Several members of the
Cabinet were at the Executive Mansion, how?
ever, but only had routine matters to submit.
A few ornce-seeters and politicians were on
band, and gave evident Blens ot disappoint?
ment at the lallure of the President to arrive.
Several prominent Republicans who hive
been to Long Branch to cooler with the Pres?
ident on the pori i ?cal situation, and to sug?
gest features tor the campaign, have arrived
In Washington, where they have quietly ex?
pressed their great surprise, not only at the
Indifference with which General Grant
treated their visits-, but the utter want of In?
terest which'be felt In the result of the lall
elections. He. did not seem to care to be
bothered with politics, for he regarded
the contest as altogether one-sided, and bad
no doubt ot his re-election. He placed great
lalth ou the Democratic votes he ex?
pected to receive,' and believed they
would fully equal the Repuollcan strength
which would be cast for Greeley. ThoBe who
went to advise the President that a close,
bitter contest was at band, found bim so
strong In bis own coevlctloos that they re?
mained silent. One of them expresses the
opinion .that be will get pretty well scared be?
fore October rolls around, and be glad enough
Chen to listen to some of the politicians.
Senator Sumner ls about to prepare a .reply
to a letter signed by one hundred colored
men, asking him to advise them In the pre?
sent political revolution. They do not speak
Df any choice in candidates or platforms, but
many ol tnem ore evidently Inclined to both
tickets.
MASSACHUSETTS IN MOTION.
Conversions from Grant Going On "In
Shoals"-General Banka Sal* Co he
Shaky.
Boston Correspondence of the Springfield Re?
publican.]
BOSTON, Saturday, July 13.
Those wise men In the East who thought
the nomination of Mr. Greeley at Balli
nore would drive off both Republicans and
Democrats irom supporting him have a chance
low to see hr v7 much their wisdom was worth,
tot a single man ot either side has given up
?reeley for Grant In-this latitude that I can
lear ot, while the conversions to Greeley go
>n day and night by shoals. The Custon,
louse folks, the Grant State committee ano
he Boston editors who have pooh-poohed the
mil-Grant, movement are now thorough)'
Tightened, for they find their party e>
leedlngly shaky. Senator Wilson ls un
lerstood to Intimate that all depends
in North Carolina-if that State goes
or Gram then he ls sure ol a re?
fection; if not, then the country is going
o be ruined right away. He is going down to
nake a few speeches in the "Old North State"
limself, coutrary to his past intention to make
ils first stump orations in Pennsylvania and
odlana. The sooner be goes the less he will
;et mixed up In Butler's schemes, which will
lepend largely upon Wilson for their success,
md will come to a head within the next two
reeks unless all Blgns fall. It Is not expected
1?re thal Charlea Sumner will take the stump
gainst Grant in North Carolina, but he will
ertalnly have an opportunity in Faneull Hall,
vhen he comes home, lo tell his constituents
mat he thinks about Greeley and Grant. Tba
Ireeley movement here, as well aa In sutes
urlher West, ls fast taking the form of a great
lopular uprising-not a noisy and slnglugrj
me, like that of 1840. but a quiet and BUB
alned political revolution. The men that are
low Joining In it are not only the Demoerats
ti all kinds, and the unsteady Republicans,
nany of whom went for Buller last year,
mt staunch old anti-slavery Republicans
hat never cast ? vote before for any but the
egular candidates. I meet Buch men every
lay. and their adhesion to the Greeley ranks
B fast making the election doubtful in this
)art of the btate. The Boston city govern?
ment, In all Ita political diversity, goes almost
?nanlmously against Grant, lt ls said, and
rery largely for Greeley. In New Bedford the
Republloau city committee ls touched with the
3reeley latectlon, and In every town there ia
nore or less of lt. Mr. Sumner's hesitation in
pronouncing for Greeley does something to
nold back many who would otherwise join the
Greeley party at once ; but lt is>so plain that
be wia eventually go that way that the pro?
gress of the revolution ls not much Impeded.
There are rumors of changes among promi?
nent Grant men. General Banks, for exam?
ple, ls aald to be shaky, but most of the con?
versions hitherto have been from the middle
rank of ihe party. *
The following gossip about the Massachu?
setts governorship appears In the Springfield
Republican:
'?The chance of a candidate on the Graeley
side beginB to be agitated. Some of the Dem?
ocrats want to nominate Charles Francis
Adams, (the father;) others talk of Charles
Sumner; others of F. W. Bird, and of General
bartlett. Tnere ls little prospect of nomina?
ting either Sumner or Adams, I think; but C.
F. Adams, Jr., may possibly be the candidate.
Probably, however, the chance will fall on Mr.
Bird or General Bartlett, either of whom
would make a good run, and against Buller
could be elected."
PENNSYLVANIA-BEFORE AND AFTER.
A Prophesy.
[From the Philadelphia Press-Before Baltimore.]
If Mr. Greeley's Indorsement at Baltimore
could enthuse and consolidate the Democratic
party of Pennsylvania as the nomination ol
Hancock would, mere might be some chance
of his carrying the State. Of the party press
but two Democratic papers-the Tltusville
Courier and the Venango Spectator-urge his
nomination ; twelve papers have no prefer?
ence whatever; fifty-three have earnestly
protested against his indorsement, and ten
positively assert they will not support him,
even If nominated. There will be as many
Democratic journals to oppose Horace Greeley
as there are Republican ones that refuse to
advocate the election of Hartranlt.
Its Unexpected Fulfilment.
[From the Philadelphia Preas-After Baltimore.]
Of all the Democratic journals In Pennsyl?
vania, not one remains to do reverence to Us
party. Of all the editors of that faith who
have been abusing Greeley for thirty years,
and who for the last three months have been
clamoring for a straight-out nomination like a
crimlnal,"on the way to expiate his crimes,
begging far mercy, not one lifts up his voice
against, the surrender of his party. Eveh the
rural Democracy of Berks, which has been
wont to consider itself of divine origin, bows
to the deoree of fate, and, through Its organs,
ulks glibly of "clasping hands across the
bloody chasm." The unanimity with which
the Democratic Journals of Pennsylvania have
hoisted the' names ot Greeley and Brown ls
as emphatic as their nomination' at Balti?
more. We have yet to see a Bingle one
tbat opposes Greeley. His flag han been
simultaneously unfurled all over.the State,
while the great organs at Philadelphia, Harris?
burg and Pittsburg, have broken out with the
extremest laudations ot his career. The epi?
demic of Liberalism, as lt has been called, bas
developed here as strongly as In New York or
Indiana. We confess to a deolded feeling ot
surprise as we read the Democratic papers of
Pennsylvania; at the Philadelphia Age and
Herald and Pittsburg Poet accepting the nomi?
nation of Greeley without qualification and
promising him a hearty support; at the Win?
chester Jeffersonian and Beilefbnte Watchman
-the first a high-toned, old-fashioned Demo?
cratic organ, and the second a pro-slavery,
rebel sheet-declaring that they will, not re?
volt; and at the Harrisburg Patriot and Lan?
caster Intelligencer Jubilating oyer the event
There are many stranger things 'twixt heaven
and earth than ever entered Into our philoso?
phy, and this is one of them.. ? . ;
THE CANVASS IN MAZNE.
Democrats and Liberal Republicans
Combining on State and Electoral
Tickets.
A Portland dispatch to a* Boston paper,
dated July 13, says: j,
The Liberal Republicans, Thomas F. Lang,
F. A. Pike, and some thirty other?, who were
lo consultation at the Preble House last' eve?
ning, did not fully complete the programme
for the opening of the campaign. Tney pro?
pose to bave a thorough organization through?
out the State, Including Stute, district, county
and town committees. The Democracy will
keep In the background, giving the lead Into
the hands of the Liberals. The latter are ex?
pected to support G. P. Kimball, the Demo?
cratic candidate for Governor. The elector?
ship will be divided up to ault. Meetings are
to oe held at once in varions parts of the
State, to-have a big "send off" in the grand
political race In Maine. A Joint Liberal Be
publican-Democratic mass meetiag will be
held at Bangor OD Saturday next, which will
be mauagedand run on the half-and-half plan.
General Judson Kilpatrick and others are to
speak. A similar meeting will be held here
lu the course ot a few weeks. There was a
Joint consultation here yesterday and to-day
of tbe Maine "Cbappaqua .Sachems" with
such prominent Democrats as C F. Kimball,
J. C. Madigan, Bloo Bradbury, and others.
ILLINOIS SATE FOB .GREELEY.
Kn th u* I asm of the Hoosiers.
. The Chicago Tribune Bays ot the campaign
In Illinois: : ? ? .
There 1B DO local reason why Greeley should
be more popular In Illinois than In Massachu?
setts, yet the revolution In thia State ls as*
toundlng even to his irlends. So general and
sweeping ls lt that there ls not at this time a
Congressional district In this State? In which
the friends of Mr. Greeley do not have the
strongest ?hopes of electing their candidate.
Several districts which In 1868 gave Grant
majorities by the thousands, are, even at this
early day, considered safe for Greeley. -As
to the electoral vote of this State being given
for Greeley there ls no doubt. The Greeley
State ticket and a Legislature of Greeley sup?
porters are regarded as certainties.
ST. LOUIS, July 18.
The Democrats of the Sixteenth District of
Illinois, lo convention at Vandalia, yesterday
nominated S. L. Bryan, for Congress. The
Liberal Bepublican Convention at the same
time ?nd nj ace -ntis>d thaJ??-,nCJ?at|'? n/wpi-.
natlon, and pledged tbe Liberal Republicans
to a hearty support of the ticket.
KANSAS ALL RIGHT.
Her Electoral Vote will be Cast for Oree
t ley and Brown.
Kansas ls claimed for the Democratic and
Liberal Republican candidates by the St. Louis
Times, which says:
Our reports trom Eapsas are of the most
gratifying nature. A gentleman, whose name,
If we felt at liberty to give lt, would be recog?
nized at once as the very best authority, as?
sures UB that the Liberal party ts organized In
every county, that In a good many places it
will squarely divide the Bepublican vote with
Grant, and he has no doubt that the electoral
vote ol the State will be cast by a fair majority
for Greeley and Brown.
SENATOR THURMAN.
He Goes In for Greeley and Brown
Oem oe rn t H Bound by the Action of the
Convention.
CLEVELAND, 0., July 16.
' The Plalodealer to-day publishes a letter
from A. G. Thurman, In which he says tbat
though be would prefer that the Democrats
had resolved on a straight Democratic ticket,
he will work earnestly for the election of Gree?
ley and Brown, aa lt IR the will of the party,
and be believes that the wellare of the country
requires the detest of the present Administra?
tion. T?e nomination of Greeley and Brown
at Ballimore, be says, was the work of the
people, politicians having nothing or Utile to
do with it. The Democratic party does not
abandon Its principles, but believing as lt does
that the course of the Badlcal leaders threat?
ens to destroy all constitutional and Demo?
cratic ideas, lt is bound by Its principles to
seek to overthrow those leaders, and If lt can?
not do it by the mode lt would prefer lt Is but
common sense to take the next best mode.
THE FIRST GREELEY AND BROWN
CLUB.
An adjourned meetlog of citizens of Charles?
ton Interested In the Liberal Republican move?
ment was held last evening at the office of the
Dally Republican, and an association formed
tor the purpose of organizing the campaign in
this city, under the name of the Greeley and
Brown Central Liberal Republican Club. The
organization was completed by the election o?
the followlog permanent officers: J. Evans
Britton, president; Aaron H. Harper (colored)
and Tn ornas Devine, vice-presidents; Moulton
Emery, secretary, and B. A. Carson, treasurer.
The following brie, and pertinent platform was
adopted : Resolved, That as good Republicans
we desire and will work tor the election of
Greeley and Brown In preference to Graot and
Wilson because, first, they represent better
principles, and, second, they are better fitted
for the position. It was resolved to hold the
regular meetings ot the club as often as once
a week, aud subject to the call of the chair, to
be published In all the dally papers; and lt waa
also ordered that a notice of the organization
be sent to Colonel S. A. Pearce, chairman ot
the State committee, and to the Liberal Be?
publican headquarters In Washington and New
York. It ls now proposed lo organize auxlU
ary clubs in every ward ot the city, and BB
soon as practicable to bold a mass meetlog at
which prominent speakers will address the
citizens upon the Liberal Republican move?
ment.
THE NEW YORK VEGETABLE MARKET.
The Daiiy Bulletin, of Wedneday, July I7tb,
says :
New potatoes rule about steady, with a lair
demand. Cucumbers are easier, but -other
articles without material attraction. We quote
new potatoes $1 60a2. Green corn $lal 60 per
100. Southern onions, per bbl, $2 76a3; do,
Connecticut, $1 per 100 strings. Cucumbers,
Jersey, $2 60 per bbl, and Long leland 7?ca$l
per 100. Squash, per basket, 25a60c; do,
marrowfat per bbl, $1 50a2. New turnips $3a
$6 per 100 bunches, and Si 60 per bbl. Cab?
bages, $4a6 per 100. Gre*n onions $4 per 100
bunches. Beets, Jersey, $4a6. Southern
tomatoes, $1 per crate; Jersey, $2 per crate,
, and Long island, $2 per basket.
RISING FROM THE ASHES.
IMPROVEMENTS IN THE CITY.
A Literary Retreat for the Ladles-An
Improved narine Railway tn Procesa
Of Conitroction-Poandriei, Machine
Shops, <&C.
The substantial success which has-been
achieved by Fogartie's Book Depository has
induced its pushing proprietor to commence
preparations for enlarging his business. The
rear wall of the store will be taken down and
an addition made seventy feet long and one
story high. It will be furnished throughout
with skylights and ventilators. An entrance
will also be ont Into the second story and com?
munication supplied by an easy flight of stairs
landing Inside of the store at the point where
the addition begins. The second floor will be
remodelled and divided Into four spacious and
airy rooms, which will be well snp
plled with furniture, and some of which
will be adapted to the use of several
ladles' literary clubs recently formed, while
others will be fitted up as pleasants resorts for
the clergy of various denominations. On the
first floor, an apartment in the rear will be
enclosed by a railing and furnished with
chairs, tables and desks as a ladles reading,
room. The work begun yesterday ls being
done by Mr. J. C. Lacoste for Mr. H. H. Ray?
mond, the owner of the property, and will be
completed by the.first ot September next. Mr.
Fogartie, we are glad to learn, contemplates
re-establishing his circulating library and
bringing It up to the highest standard, supply?
ing lt with all the beet periodicals and finest
literature of the day. His business facilities
will likewise be largely increased, and large
and Important additions made to his. stock of
theological and other literature. Sunday
school literature will constitute a special de?
partment, which will contain the best books
and papers of every d?nomination. Exten?
sive additions will also be made to the station?
ery department
A very Important enterprise, filing a want
long felt by Charleston, has recently been
commenced at the east end* of Society street.
This ls a first-class marine railway, three
hundred feet long and twelve wide, fitted up
^with the most Improved working apparatus.
The ways will rest npon Iron rollers, travelling,
over foundations covered with iron plates,
and will be. drawn up bj chains attached to a
steam dmm. When completed the railway
will be capable of hoisting from the water any
sailing vessel of ten feet draft under three
hundred feet long. A small portion ls already
In operation, though worked in the old way
? with ihe capstan, and finds steady employ?
ment. The Marlon has Just been lowered, the
Pilot Boy- will be hoisted to-day, and the
Planter Iles alongside ready to take the
Pilot Boy's place. The railway is the
property of Mr. S. Zanoguera, an en?
terprising Spaniard. In order .to con?
struct it he has had to' build a wharf four hun?
dred feet long by abont a hundred wide, where
there has never been anything bat a mud flat
since Charleston became a city. The river
front of mis wharf is considerably wider Ulan
the shore end, and ls separated Into two piers,
between which me railway gradually slopes
down to the water's edge. The work ls being
done under the management of B. Hunter,
Esq., the energetic pile-driver, and will be
completed by the first tot October. The entire
cost for machinery and everything connected
with the enterprise will be about twenty thous?
and dollars. The importance ol' this work
will be realized, when lt is remembered that
such vessels as the Dictator and City Point,
which have heretofore been compelled to go
to Wilmington, Delaware, or some other city
far repairs, can now be repaired at home. The
City Council should second the exertions ol
Mr. Zanoguera by extending the foot of Con?
cord street to his wharf, which ls but a few
yards below, and ihus open communication to
It for vehicles.
On Hasel street, a short distance east of
East Bay, Messrs. Smith & Valk are construct?
ing a brick foundry' forty feet square. The
walls tyave already been completed and are
about Alteen feet high. The roof now nearly
ready for pulling up, will be of the kind
known as the "peak roof," pyramidal in form,
with a cupola-shaped ventilator at the apex.
Thedrick work was done by Mr. C. C. Tm ni?
bo, and the wood work ls under the superin?
tendence ol Mr. Wragg. The building will be
finished by the first of September. Tue pro?
prietors bava also recently completed a wood?
en Structure one atory high and thirty feet
square, which they contemplate using aa a
blacksmith shop.
Extensive additions have already been
made, and others are In course of completion
to .the Phoenix Iron Works. On the east side
of the premises, adjoining ihe boiler shop to
tho west, a shed ls going up, forty feet long by
thirty wide. On the north an addition to the
foundry, consisting of a one-B to ry wooden
structure, forty feet square, with a peaked
roof, ls rapidly approaching completion. On
the west of the machine shop, aod adjoining
lt, a wooden building has already been com?
pleted, eighty feet long, thirty-five feet wide,
and one story high, and ls used as a
branch ol the machine isbops. During the
present summer the proprietors of the Phoenix
Iron Works have added to their stock ot ma?
chinery three new lathes for turning iron,
one planing machine and one drill press. They
steadily employ one hundred and sixty-five
hands, and have sufficient work now
under contract to keep them busy until
November next. Among their contracts
are eight large boilers and two cylin?
ders for West Point Mills; the complete ma?
chinery for two steamboats now building by
Mr. A. Morgan, of Georgetown, 8. C.; the
machinery, two hundred pieces, weighing
from one pound to fifteen thousand pounds
each, for a powerful cotton press, Taylor's
patent, about to be established in the Walker
Press Building, Churoh street, below Broad,
by the Charleston Hydraulic Press Company;
a large boiler for the Savannah and Charleston
Company's steamer Fannie; the machinery of
phosphate-washer boat for the Coosaw Mining
Company; two large boilers for parties in
Augusta, Georgia; and another boiler for the
Marine and Biver Phosphate Company, to re?
place the one recently exploded on Bull River.
Besides the above they have a large quantity
of outside work, such as repairs to machinery
of steamships and other vessels in port.
The old office In the centre of Bennett's
Mills yard, at the east end ot Wentworth
street, bas been pulled down and a new and
neater structure has risen In its stead. It is a
one-story frame building, fifteen feet wide by
thirty long, with a flat tin-roof depressed In
the centre, and rests upon a brick foundation
four feet high. The interior will be divided
into two rooms for the use of Mr. Bennett.
The work ls superintended by himself.
-There were many sun-stroke cases in New
York yesterday.
LIFE ASSOCIATION OF AMERICA.
OFFICE OF THE SOUTH CAROLINA DEPART-'
MENT OF THE LIFE ASSOCIATION OF
AMERICA. 29 BROAD STREET,
CHARLESTON, Joly 18.1872.
A meeting of the trastees of the "Life Asso?
ciation of America," In inls city, was held to?
day for the parp?se of organizing the Sooth
Carolina Department. Present, Wm. McBur?
ney, J. H. Wilson, C. P. Panknlo, G. W.
Almar, Edward MoCrady, Jr., Wm. a Bee, J.
B. Steele, Wm. P. Holmes, A. 8. Johnston, B.
H^BaUedge, H. E. Young, A. T. Smythe, T.
D. Esson, C. H. Slmonton, Wm. G. Whllden,
B. G. ChlSOlm, Geo. E. Bogga.
On motion, Mr. McBurney was called to the
chair and Mr. Geo. E. Bogga requested to act
as secretary.
On motion of Colonel Slmonton lt waa re?
solved that ten of the trastees and officers of
the late "Policy-Holders Assurance Company"
be elected directors of the Booth Carolina
department of the '.Life Association," and
that to their number be added three of the
trustees of the former department of the
"Life Association" in this State.
The following gentlemen were elected di?
rectors of the department: Messrs. William
MoBarney, KD. Mowry, A. 8. Johnston, Wm.
C. Bee, Jno. R. Dukes, Wm. E. Byan, James
H. Wilson, W. G. Whllden, T. G. Barker,
Augustine T. Smyth?, C. Irvine Walker, C. P.
Panknin, G. W. Almar. .?
On motion,-the meetiog adjourned. The:
board of dlreotors subsequently met, and Mr.
J. H. Wilson haying been called to tbe chair, the
followlog officers were elected: W. McBurney,
president; L. D. Mowry, vice-president; A 8.
Johnston, treasurer; Geo. E. Bogga, secretary;
B. A. Kinloch, medical officer.' On "motion, lt
was
Resolved, That we cordially endorse the plan
and objects of the "Lite Association,'* and re?
commended lt to the confidence and patronage
of the people of our State.
Resolved, That the president be authorized
to appoint each standing committees as may
be needed. ' .
It having been brought to the attention of
the board that certain interested parties bad
endeavored to circulate a report ?bat the
Policy-Holders' Assurance company had "fail?
ed," a committee was, on motion of Mr. C. F.
Panknin, appointed to take the matter Into
consideration. The committee, consisting of
Messrs. Panknin, Almar and Barker, after?
wards offered the followlog resolution, which
was unanimously adopted:
Resolved, That the board takes this occasion
to contradict a report that has obtained circu?
lation in the State and city, thal the Policy
holders' Company had failed, and to say that
such a report ls rniirelv untrue. That E. W.
Bryant, Esq., of New York, consulting actua?
ry, who was sent to this city by the Life Asso?
ciation to examine the condition of tbe com?
pany before concluding the contract of rein?
surance, pronounced lt to be In a sound and
healthy condition, and promptly confirmed the
contract wbloh reinsures every polio v of the
Policy-holders'Company In force, and gives
each policy-bolder the same dividend for the
current year tho association ls paying toils
own members. The Policy-holders' Company
has turned over to the association assets, at
cost, $92,652 26; at market value, $72,340 98,
sufficient to provide for all Its liabilities, ad
Justed and unadjusted, to reinsure all Its risks
and besldeB a surplus In cash of over $6000.
In point of fact, the only reason which lu
1 fluenced the policy-holders to consent to the
(majun was the depreciation in State securi
MUD ra mw i.v v^?...yi s .-- -j _.--j
ed to Invest, and the large prospective taxa?
tion by the State and city equal to four per
cent, upon the assets ot the company, winch
were calculated to hamper future operations.
GEORGE E. Bocas, Secretary.
N. B.-The attorney of a department 1J not
elected by Its board of directors, but ls ap?
pointed by the board at the "Home" office.
Colonel Slmonton bas long held the appoint?
ment of attorney for the company In this city.
Hence no recommendation was made by the
board to-day In regard to the appointment of
such officer.
EXAMINATION AT THE WIDOWS'
HOME.
A large number of ladles and gentlemen as?
sembled at the Confederate Widows' Home,
Broad street, last evening, to witness the ex?
amination of the classes and distribution of
prizes prior to the closing of the school for
the summer. The exercises of the evening
were opened by music on the plano from
some of the young ladles of the home. Next
followed dialogues and recitations In French
from the first four classes, under the manage?
ment of Madame Girard, interspersed with
vocal and instrumental muslo, In all of which
the young ladles acquitted themselves In a
manner highly creditable to themselves and
their instructors. The following prizes were
awarded, and presented by the Ber. 0. s.
Vedder with appropriate remarks:
For proficiency in composition, Cowper's
complete works, to Miss Mary B. Snowden.
First class, for first position, a volume o? Il?
lustrated poems, to Miss Annie H. Smith.
Second class, first prize, a copy or Tenny?
son's poems, to Miss Marlon Thompson. Sec?
ond prize, a copy of Shiloh, to Miss Mattie
Elfe.
Third class, first prize, a copy of Gray's
poems, Miss Mary Simpkins. Second prize,
Parnell's Hermit, Miss Lizzie Prentiss.
Division B, first prize, 3torles for my Chil?
dren, Miss Mary Snowden. Second prize,
Hans Andersen's Story Book, Miss Florence
La Roche.
Fourth class, first prize, Girls' Own Book,
"Miss Victoria Nowell. Second prize,' the
Black Ship, Miss Julia McKelvey. Third prize,
Girls' Own Book, Miss Mary Legare.
Fifth class, first prize, a fan, Miss Marcia
Whittaker. Second prlz9, a fan, Miss Sarah
Nowell. Third prize, picture card. Miss
Agnes Moffatt. Fourth prize, picture card,
MISB Mary Toomer.
Captain S. Y. Tupper presented prizes to the
following young ladles for proficiency in wrl
'ting : Misses Besale.Croft, Virginia Muldrow,
Estelle Muldrow, Lena Parker, Adela McKel?
vey, Sallie Woodward, Mary Snowden, Carrie
McKenzie, Carrie Sams and Lizzie Prentiss.
After which the guests conversed awhile
and then dlepersed. Professor Frederick Por?
cher bas been kind enough to deliver a course
of thirty-three gratuitous lectures, daring the
past term, on English literature and the his?
tory of South Carolina, and bas promised lo
renew them at the next term.
DEATH OF BISHOP VANDEBHOBST.-Bishop
Bobert M. Yanderborst, ot the Colored M. E.
Church of America, died yesterday, at his
residence In this city, after a long and painful
Illness. Bishop Yanderborst was a native of
this city, and born, in 1814, in slavery, but,
obtaining MB freedom some years before the
war, he devoted his life to the ministry of the
M. E. Church, and, after a long period of ac?
tive, zealous and efficient service, he was or?
dained a bishop about eighteen months ago by
Bishop Pierce, of Georgia. He was well known
in the city, and exerted great influence for
good among the colored people. He was a
man of true piety and marked talents. His
funeral will take place this afternoon, at the
Bethel M. E. Church, corner of Calhoun and
Pitt streets.
THE PLANTING INTEREST.
THE WORM AND THE CROWS.
Account* from Planton and tho Press.
The following extracta from letters received
by different lac to rs in thia city are of Interest:
MONTICELLO, 8. C., Joly 16,1872.
Hold on to my cotton, as the wet weather ls
raining the growing crop. It has rained here
every day for two week, and ls still cloudy
with signs of mote rain. The corn crop ls the
best we have had since the war, and with no
freshet in the water courses] there will De an
abundant supply made. .
OCALA, FLA., July li, 1872.
Have carefully examined my cotton to-day,
as I leave home to-morrow. Could find no
caterpillar. I am not anxious, as dor crops are
yery floe, and will begin to pick earlier than
for years.
CHRIST CHURCH, July, 16, 1872.
Can flod no caterpillar in my cotton: de not
hear of them with my neighbors.
JOHN'S ISLAND, July 17.1872.
No caterpillar with us. . Crops very fine.
EMSTO, July 17, 1872.
Have searched for caterpillars in my cot?
ton; lound none. Have beard of tnem on the
leland, but do not know ll true. ??JOT
The Hains and the Crops... ... ...
The Sumter News says : " The rains ha^e
been abondant In this county, recently, and
the crop? In consequence are imported to be
in superb condition, lt no unionseen contin?
gency in the shape of caterpillars, boll-worms,
Ac, occurs, the harvest will be more remun?
erative than for years past."'' '"' '?' ? " .
The Abbeville Medium says: "Abundant
rains have come at last,.and all sections ot the
district baye been la. jred with the refreshing
showers Indeed, th? fear begins to be en?
tertained by the farmers that there will be too
much rain lor the cotton, producing a rank
growth ot weed at the expense of-matured
bolls." . . ? -
The Edgefleld Advertiser says : "The cotton
and corn crops in Edflefleld at this time ara
more promising than ever heretofore- known.
In fact they are all that heart could wish. And
we defy any section of the cotton belt of the
United States to show finer crops thou oura."
TheSpartanburg Spartan says: "The rains
In this section tor some ten days past have
been copions, and the crops are very promis?
ing. Weidar, however that upon the Pacolett
and Ty ger Hivers some damage has been-done*
by the high waters. Captain S. a Means, who
lives on the Tyrer, informs ns to-diy (Mon?
day) that his low grounds are covered with
water; we also hear that the bottom ian-. - on
Pacoktt are covered to a considerable excent.
If the rains above have not,, however, been
unusually heavy we hope the water wal soon
ran off without doing mnoh damage.''
. The Newberry Herald says: "we learn that
rain has been abundant ail over the county,
and that cotton and corn are looking beau tl lui,
but that the showers continue in some places '
to the detriment of the crops, owing to the
rapid growth of grass, against which, toe"
farmer cannot well contend. A late fall sea?
son, should the caterpillar and the worm ana
the weavll not interfere, we trust will-bring
our suffering people relief." . (1>? .
Crop Reporta by Te le g rap li.
CHICAGO, ILLINOIS, July 18. '
The crop reports from Central Wisconsin
promise well. The small grains,' with the ex?
ception of spring wheat, will return a full
average. The crop of spring wheat has been
badly damaged by drought and the chinch
bug. The yield will be light Corn shows
well, but rain ls needed to Insure a good
crop.
WHEELING, WEST VIRGINIA, Joly 18.
There was a heavy rain, with great damage'
'o the Pittsburg, Wheeling and Kentucky
Railroad. The streets were flooded the great?
er part of the day.
HUNTSVILLE, ALABAMA, Joly 18.
The rain bas damaged the crops. The bOt
tA?. loo/in nrora SMBjaMSjefl ?? ? ..., |-.f '
A WELL-MA ITA OED COMP ANT.
Southern Life Insurance Company,
Memphis, Tenn., and Atlanta; Gs.
Below we insert a paragraph, clipped from
the Insurance Times of New York, edited by
Stephen English, Esq. We are pleased to see
in so influential a periodical a recognition that
the business of Insurance can be managed
with as great skill and fidelity at the South as
elsewhere, and a disposition at last to do Jus?
tice to this company :
SOUTHERN LIFE, MEMPHIS. '?
Weare glad- to learn that the honest and
Judicious polloy pursued by this company la
producing moat satisfactory results. It has
gained the confidence of the Southern people
by establishing Its business on a solid basis of
ample capital, and bas become the most
flourishing lue institution in the South... Its
able and spirited secretary, Ben May, Esq..
took onr strictures in good part and instead
of shutting his eyes to the troth, corrected the
errors of the early management and piloted
the enterprise into a safe and legitimate chan?
nel. He enjoys great popularity In his section,
and his perseverance, devotion, and ability
.mit!? him to the thanks of every friend and
member of the company. We are delighted,
to record the improvement and prosperity of
this Institution of the South, and trust that
other companies In that sunny clime of. chiv?
alry will emulate Its. example. When they.
have done so, we shall be delighted to do them.
Justice.- Insurance Tunea, Ii.x., July, 1873.
The above, from the pen and quarter so lit?
tle given to improper commendation, la enti?
tled to due appreciation, which lt receives,
from the management of the company. It la
quite a compliment to this company to beset
forth in so conspicuous an Insurance journal
"as the most flourishing life Institution of t ie
South." We can certainly give'to the South?
ern Life our hearty endorsement as worthy of
the confidence of the people and doing a most
successful business. The agent of the com?
pany, In Charleston, ls Mr. Eben Coffin, of No.
31 Broad street
m , - , , . ? -
THE WEATHER THIS DAT, -
WASHINGTON, July 18.
The conditions are favorable for local raina
lu Virginia and North Carolina; rising barome?
ter and pleasant weather will prevail lu the'
Gulf States on Friday.
BOAT BACE ON SATURDAY.-A boat race will
take place off the Battery on Saturday after
! noon next, at half-past six o'clock. ' The
coarse will be three-quarters of a mlle from
the White Point buoy to ? point opposite the
Bathing House. The following are the ' boats
entered with their respective crews:
Rosa-Coxswain, H. DeSauBsnre; stroke, 5V
Parker, W. Lesesne, DeSaussnre Parker, and'
H. Bull, bow. "
Carrie-Coxswain, J. E. Cay; stroke, H$B.
j Bose, John Boper, Louis Chisholm; E. P. Boss,
I bow.
Little Belle - Coxswain, M. Dougherty:
stroke, E. Dougherty, W. Hughes, D. Hughes;
J. C. H. Wilson, bow.
The race will, without doubt, be quite as ex- '
citing as the last, if not more so, and will at?
tract large crowds to the Battery.
Hotel Arrivals-July 18.
PAVILION HOTEL.
James Harper, J. L.-Toroer, Hngstree; W.
A. McGee, Effingham; E. McC. aarkaoa.
Gadsden; H. C. Lancaster and wife, Wide?
Awake Landing; A. J. Atkins, Cowards; R.
Williams, Leesville; T. M. Creecy, N. E. Rail?
road; M. J. Jones, Graham's Crossroads; Ju.
0. Meredith, Newberry; James B. Sparkman,
Jr., Georgetown.
CHARLESTON HOTEL.
Ralph R. Osgood, Troy; 8. jointing. Wil?
mington; Clara E. Chambers, Savannah; W.
Stevenson, Aiken; Wm. Hone,' D. Cox, E.
Dukes, R. Bradley, Savannah; Rev. B. F. W.
Perry, Camden; J. H. Burkhalter, Wllliston.