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I? K m n ??? i ?. ??1 L-i-^ i II,,...,. taiuty. "When that is completed, and one or two short linea in Tennessee and, Kentucky, which are now being constructor!, .th? j co?i?cc???ii oy that lme will be complete with Cmcinnati, Louisville, and the entiro North-west. The distance from Greenville to Ashe rille is about 60 miles, and by experimental surveys, as we are informed, has been found to bo a practicable route and of as. easy grade os at any other point of crossing the Blue Bidge. The whole line across the mountain could most probably be constructed with? out a tunnel. Then the construction of an extension from Green? ville to Asheville .will be of immense value, not only to our road but to the whole State. Tho citizens of Western North Carolina look to this connection with tho deepest interest and anxiety, and should be met by us in a corresponding spirit-taking hold of the first practicable scheme that may present itself for commencing and completing the line. A connection with the North-west by railroad is of the greatest possible importance to the section of country through which our road passes-not only to the road, which would at onco be placed on the list of roads of the first importance, but to the whole people-as the great lever for developing the resources of the country and stimulating the energies of the people. The following is a statement of the bonded debt of the Company on the 1st day of January, 1868, and also of certificates of indebt? edness issued in 1867 under the Act of the Legislature and the second mortgage: Of the original $800,000, first mortgage bonds, there are $326,000 outstanding and not retired, as follows: Due 1st January, 1862. $3,500 00 1st July, 1862.. 12i500 00 1st July, 1863. 151,000 00 1st Murrh, 1864. 159,000 00 $320,000 00 Bonds guaranteed by the State under the Act of January 28, 1861, viz: Due ls'o July, 1881.$134,000 00 1st July, 1882. 77,500 00 1st July, 1883. 38,600 00 $250,000 00 Under the Act of December 20, 1866: Due 1st July, 1881.$116,000 00 1st July, 1882. 172,500 00 1st July, 1883. 85,500 00 $621,000 00 Bonds not secured by mortgage or other Uen: Due 1st July, 1865.$278,000 00 1st July, 1868 . 226,000 00 $504,000 00 Bonds issued under Act of December 20, 1866, second guarantee, viz: Due 1st January, 1888. $25,500 00 Bonds under second mortgage, due 1st January, 1888. 42,500 00 Certificates of Indebtedness, Acts of Legislature, guaranteeing same, due 1st January, 1888. 196,169 16 Certificates of Indebtedness under second mortgage, due 1st January, 1888. 2,420 20 Coupons outstanding on first mortgage bonds and interest on the face of bonds, from maturity to 1st January, 1868_$123,112 50 Coupons outstanding on guaranteed bonds to 1st January, 1868. 94,645 84 Coupons outstanding on non-mortgage bonds and interest on the face of those past due, from dato of maturity to 1st January, 1868. 153,592 26 371,350 60 . $2,091,939 60 Thc following is a statement of exchanges of bonds and funding of conpons and interest for thc year 1807, and to Apiil 1, 1868, under thc Acts of the Legislature of January 28, 1861, and Decem? ber 20, 1866, and also under the second mortgage executed May 1: Guaranteed bonds, Confederate States caption, exchanged, viz: Bonds due 1st July, 1881, in 1867, 232; in 1868, 23 " 1st July, 1882, in 1867, 345; in 1868, 37 " 1st July, 188:}, in 1867, 171; in 1868, 23 848 68 Coupons of mortgage and guaranteed bonds funded in guaran? teed certificates of indebtedness, with interest on same: lu 1867, coupons.$162,691 66 Interost. 25,193 9S $187,885 64 In 1868, coupons. $13,580 00 Interest. 1,864 40 $15,444 40 Coupon bonds not secured by mortgage, coupons from bonds and interest thereon, surrendered at a reduction to one-third, and gua? ranteed bonds and certificates of indebtedness, issued wider second OrtHl l"llit?n -."../? JJ ... ..-.?..V , . Xl, . 142 bonds due in 1865 mid 1808, $500 each. $71,000 00 Coupons. ' 17,675 00 Interest on past due bonds and coupons. 12,780 24 $101,455 24 issued 51 guaranteed bondsj $500 each.^25,500 00 guaranteed certificates of indebted? ness. S,283 52 Amount of reduction or bonds and interest. 67,671 72 101,455 24 lu 1868-29 bonds due in 1865 and 186s, $500 each. .. $14,500 00 Coupons... 9,865 00 [ntorost oh pasl due bonds and coupons. 1,662 58 $20,047 58 1 Issued 10 guaranteed bon?^ $500 each_$5,000 00 " . ?Arf.?cates of indcbt?du?sH._. X,685 86 Amount .of reduction on bond and interest. 13,861 72 20,017 58 Coupon bonds not secured by mortgage, coupons from bonds, and interest thereon, surrendered, exchanged and funded in new bonds and certificates of indebtedness, under second mortgage, at par: In 18(57-50 bonds due in 1865 and 1868, $500 each. .. $25,000 00 Coupons. 10,797 50 Interest on past due bonds and coupons. 6,883 60 $42,681 10 Issued 82 bonds, at $500 each._$-41,000 00 " certificates of indebtedness. 1,681 10 42,681 10 In the last annual report it was stated that the Board of Direc? tors had directed the President to execute a second mortgage upon the property and estate of the Company for $1,500,000. In accord? ance with their direction, tho mortgage was executed to C. D. Melton, Esq., of Columbia, as trustee, bearing date May 1st, 1867, and was properly stamped and recorded in all the Districts through which the road passes. For a statement of the bonds and certifi? cates of indebtedness issued under it to April 1st, 1868, reference is made to the bond account furnished in this report, and also to the Auditor's Table No. 1. Tho bonds and certificates under the second mortgage aro offered in payment of all claims against the Company, of whatever kind or nature, not secured by prior liens, without pre? ference to any creditor or class of creditors. For the information of stockholders, it is proper and due to them to state the nature and condition of the several cases of legal pro? ceedings which have been commenced against the Compaq. On the ovening of the 2d day of May last, (the date of your last annual meeting, ) service of a subpoena was made upon the President by the Sheriff of Richland District; in tho matter of Charles M. Furman, Trustee, et al, against the Greenville and Columbia Rail? road Company; a bill having been filed (on the same day) in the Court of F.quity for Richland District, to foreclose the mortgage. Tho parties whose names appear iu the bill, and at whose instance tho bill was filed, (as it would appear from tho bill,) are John Cald? well, T. J. Robertson, John P. Southern, Robert N. Lowis and Charles Smith, representing about $75,000 of bonds, secured by the first mortgage. A letter*, however, had been received from C. M. Furman, Esq., Trustee, dated April 22, 1867, in which ho says: "I have received from Col. Perrin an application for my assent to tho filing of a bill in my Darno as mortgagor against the Greenville and Columbia Railroad Company, on the part of holders of snndry bonds." The case was continued at the last term of the Court of Equity for Richland District, and an answer to the bill has been filed. A portion of the holders of State guaranteed bouds, which have been substituted for first mortgage bonds, under the Acts of the Legislature of January 28, 1861, and December 20, 1866, have filed a bill against C. M. Furman, Trustee, aud the partios whose names appear in his bill, against tho State aud against the Company, claim? ing that they hold the lien under thc first mortgage the same as if they held the original bonds, and cannot bo excluded by any pro? ceedings under the first mortgage. A copy of the bill has not been furnished to the Company, but it is understood that objection is made to the foreclosure of the mortgage. Tho State, by the Attorney-General, has filed a bill against tho Company, C. F. Furman, Trustee, and the parties whoso names appear in his bill; against the parties complainant in the bill filed by thc holders of State guaranteed bouds; against other largo hold? ers of first mortgage bonds, and against all other creditors of the Company. The bill, by its title, is "Information in the nature of a cross bill, and bill for injunotion and relief.*' lu this latter bill objections arc made to the foreclosure of the mortgage, nud in pur? suance of it an order has been made by thc Chancellor, by which the further separate proceedings in tho suit of C. M. Furman, Trustee, aud tithers for foreclosure, and of the suit commenced by tho hold? ers of State guaranteed bonds, have been stayed: and thc suits commenced against tho Compauy at law by Thomas C. Perrin, Executor of James M. Perrin; John B. Earle and George Sims, enjoined, and all persons restrained from instituting suit agaiust the Company, and the several causes in Equity pending against tito Company consolidated with tho ease instituted by tho Attorney General. Reference is ruado to thc Auditor's Balance Sheet No. 1, for tho condition of the Company's assets, &o.; and to the tablo of the Treasurer, No. 2. rfiowiug the receipts aud dibbursoments for tho year. These tables furnish a very plain, full and satisfactory state? ment of the accounts iu their several departments. Reference is also made to tho report of tho acting Genend Super? intendent, for information in that department-his service only commencing on the 1st November, his report of tho operations of thc year will necessarily be limited, ft afibrds much pleasure to bear testimony tu his industry and perseverance, as displayed, and j his devotedness to the interests of the ( 'oinpany. The employees in j all departments, taken as a whole, have exhibited an energy and | dovotodness lo thc interests of the Company, anda courtesy in their j intercourse witli the patrons of the road, in their several depart? ments, rarely excelled, aud which entitle thom to your conlidence and esteem. It is a matter of regret that it has been found impossible- t-> com? ply with your recommendation at your last annual meetiug, to i |*?5J If-if j ? S Sqrt'5 -3 m ft<u 2 s a s.S L. -? S ^ s ?^?? ? gil?*3*! ?5 gsrs*? i-g^ l-l 3} ^> co eS -*?> o. Vt-* 1.9 ? Sra 5 a s s ?"^ ^2-3 ^ ?3 a^tpa gsa O ?-?5-. 3 ocio ? so 2 tl IF Slf-S? 3*1 lilli litis tl* HC to? P*^ o tes fe?o ? " ? "Sail In the District Court of the United States, for the District of South Carolina J? the matter of Dennis McGuinnis bank I rapt, by rchom a petition for Adjudication of Bankruptcy wa* filed on the hnenty I seventh day of February, A. D. 18C8, tn i said Court. I IN BANKRUPTCY. THIS is to give notice, that on thc third dar of April, A. D. 18G8. a Warrant in Hank rup tey was issued againut tho estate of DENNIS McGUlNNIS, of Columbia, in the District of Richland, andStatc of South Carolina, who has boon adjudged a bank J rupt, on his own petition; that the pay? ment of any debts and delivery of any pro? perty belonging to said bankrupt, to him j or for h?8 uso, and tho transier of any pro? perty by him, are forbidden by law; that a meeting of the creditors of tho said bank? rupt, to prove their debts, and to oho ote one or more Assignees of bis fostato, will be held at a Court of Bankruptcy, to be holden at tho omeo of Fielding A Pope, Columbia, S. C., before Henry Summer, RegiBter, on the twenty-second day of I April, A. D. 18$8, at II o'clock A. M. J. P. M. EPPING, ! ?. 8. Marshal as Messenger. Per GEORGE LAIISEN, April 12 mtli3 Deputy Messenger. ?I mwm/ ks?, Vf fri/ 5 11 5 * S 1 T co ?-o2 < L 5^ g H K> sf cS fi, . 1 S ,0 fe EZ O - L iCB? ~ o f? c S2 g ? 4 g ? g, ' 3 co ^ a> W ! 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One package, $1.00; Postage fi conta, Six packages, 5.00; " 27 " Twelve packages, D.00; .. 4$ " lt is Bold by all wholesale ami retail deal? ers in drugs and medicines throughout t>io United States, and bv TURNER A CO., Sole Proprietor? 120 Tremont street, Boston, Mass. Jan 7_ inthemo To Suihiers, Contractor ? aud Pro? prietors. HAVINGlooated convenienti; ..;.> principal manufactories < f'Nen ? ?rk, and vicinity, the subscriber will give prompt personal attention : procuring for orders all kinds of WOOD, IRON and MARPLE WORK, for buildings and ma? chinery. Saeb, Blinds, Door* < irvii II . every kind and material. From twelve years professional experience .-. South Carolina, tho subscriber will gu?rante* 1 snit tlie wishes ,if those building. TAOS. C. VEAL, Vi Iii! 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