Historical Newspapers of South Carolina

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'4 "?Ind thole . o torgia eithqr led or fo ark out by aroi .heei ir khe mnitd,4to Itc :4' Whereas, we are still Apoosrat in 'Uilon, a1d occupyiig * t vinble posion,' we virttiaLL ) ld the exedution of the laws t no t teIuses, whili are thus plIsd. i he wrong, while we tire in the right posture. The actual positidn a fr hir'al1ivthe importance of ucti a tdling t(the dictates ofour cornm)i e'fst, ititead of following tyjd rush exam le o South Carolind." SaU)?J blican. Iladte Sti, of Georgia, including (!suhi.il sadiif',nd the whole South, followe~themitielo-bfSouth Carolina, the Soull hwhold-nothave had to deplore, this, d y, thsp wrongs and degradations (hifet d' bv thre'oompromises of last winter. Without the aid of the suebmis. sid h'Oijrty, South, and their faithful Representatives in Congress, the North wouldtever have dared to plunder the Sniith of her Territorial rights, bought fith' her money and her brood; nor to ttck the right to buy and sell South. ern property In the D.ip ritofColutnbia. Nor should, we have been insulted, by calling this clean sweep at the founda tioni'bf justice and equality, a compro. friise;'hecanse, forsooth, the North con (e'.idondingIy agreed to carry out the dt iii&o clause of the Constitution, in coui idrntion that the South would quietly ;submit to the robbery. .. So far from being "peaceably in the Union" ,'-wo - are on the crust of a volcano. Nothing is settled, except the dishonor,of the.South : by the compro. mi., ;So .farfrom'"commanding" the eyccuto1 t'41o.e Iugitive Law, in only ong tnsP out of a ileothsandl is a Southern owner, fool enough to try to reclaim his property; failure is the result of the majority of the cases that are tried; and in the successful ones, it costs a month of vexatious litigation, and $800, to recover a negro that sells for $750 When he is got buck. We refer to Long's case. But are we in a "right posturel" No, we are not. We have a righteous cause; but our "posture" is that of submission to wrong, of hurnilia. tion and defeat. We have been palpably forced and joggled out of ou. rights, and we submit to it.--.nay, the "iRtepu,. lican" rejoices in it; and felicitates all sulemission-c4om that we have "acted according to the dictateq of our common 'sense" instead of following the "rash example'' of South Carolina. The party. that threw the tea into Boston harbor and clubbed their guns on Boston heights, were liable to precisely the same charge of "rashness" that is now made against South Carolina. $90,000 per annum was the whole amount of the burden against which our ancestors rebelled. South Carolina protests against being cheated out of her share of an-lppire, against grossly unequal p ecuniary burdens in the Confederacy, and d a nustaaklrog her vital institu ;as f (atiy overnment that owes them ~prtltoP. ?:~et he W higs of'70"' re bwil. the me 6f I %vjl roord a difT ~ ~ oi {C bunbs (Ga.) Times. 3Wimnti and Manchester Railroad The stoekholders of the Wilming ton and Manchester Railroad, held ihdir annualmetnatMrnCot oueS.C., o h 9had8t of January. A majority of stockc only being present, the issuing of bonds was recommrended, it requiring two thirds to arithorize the execution of them. An edjourned meeting wvill be bel on the first Wednesday after the second Monday in March next, at the same place, to authorize the issuing $600,000 of bonds, to complete the Road. It was ordered at this meeting, that so soon as the subscription of the town of Wilmsngton, of $100,000 is receivedl, that sum is to be inivested in the putrchase of 8,000) tons of ir'on. to be pnt on this end of the Road, commencing at Wilmington. The whole of the Road is under contraict for grading, and about one half completed. Gen. Harlee was unanimnotusly re elected President, and the following gentlemen Directors for the ensuing year: W~ilmington-N. N. Nixon, J. A, Tiaylor, Hleury Nutt, T. D. Walker. Cohumbus County-C. A. Smith, Mar'ion District-J. Eli Gregg. Darlhington Distric t-E. WV. Charles, 0. J. WV. McCall. Sumter Dist.--J. J. Moore, W. A. Mutldr-ow. We learn, in connexion witht the! proceedings of this meeting, that at1 atu informal meeting of the Beoard of Directors, after the adjouernment of the stockholders, thte President and ZUngineer were requested to proceed to Now-York and make the necessa. r-y inquiry in relation to a sale of the bonds, anid report to the next mee tino of Stockholders.- Wil. Comn.* SINGING M[Cia--NATunaL Cunt OSiTY Foat BAaNUM.-Anmong the phemomnena of the day, we havo to add one not less surprising than any that has fallen under the notice of Naturalists, A friend has sent to our office a-couple of Singing Mice, *Which, strange to relate, possess such Vocal powers as to imitate the lower notes of ithe young Mock bird, the warble being perfectly distinct. It would appear that the vocal sounds oqcasiotially iss'ne fromt them, as from a distance, likesa species of ventrilo qurn' An emuinent naturalist of thigcit yf~seotn this pheeomenon, And r ' are t 'a one of the ritoet ex tnaord ImarK: ettd in Natural Historf::E. N e Fromitho -M aiaIppleaii. Thb Combination ainst Gov. Qui man. No man ats'ov been t ated wi such'foul it$1stiqa. uinnan. We have deoer :n a p Uelto ti abuse that as een hJ tpedupo , hipi.; Ridicule, falseh Jg.ind and misrepresentations at every kind are freely rcsorte! to by his assail ants. And the system with which the warfar> is kept up, is equalled qn-, ly by its Jacobin fecocity. ; North and, South the pensioned rotaihers of theo administration are doing their utmost to destroy his claracter and influence. Their pretext is his alleged par ticipation im the expedition to relieve the Cubans from the yoke of a tyratn ical government; bui there is more in the assaults upon him than meets the eye. The real design of his assailants is to strike down a man whose ele vated character prowess on the field, and far-reaching sagacity render him a formidable antagonist to the ruling Powers .ii their attempt to trample upon the rights of the Southern States. Tihe instigators of the attacks aim to degrade in the person of her Chief Magistrate, a State which has taken a high and commanding posi tion in defence of Southern; rights. They wish also to illustrate the much vaunted strength of the Federal Gov ernment, by dragging from his duties the Chief Executive oflicer of a sov ereign State, to be tried upon a friv. olous charge. Such are the main purposes of the villifiers of Gov. Quitman; and to these we may add a rancorous ha tred which his unawed maintenance of the rights of Mississippi has engen dered. In the systematic war upon the Governor of the State, every princi ple of justice and common decency, has been set at defiance- Ills case has been pre-juigel; and every expe dient has been resorted to, to mould public sentiment against him Inas much as the threat has been vaunt ingly made that lie shall be arrested and forced to albandlon for an inidefi nite period, his oflicial duties, com ionjustice required, that the public mind should have been left unbiassed so that a fair and ipirjidiced hear ing might have becen extended to him. But this has been denied to him. The organists in the service of the Administrationr, have left no means unused to warp the judge ments of its partizans by proclaimng far and wide, that the President and Cabinet have taken the case into con sideration, weighed testimony and decided upon its merits: For proof of this, we will refer the reader to an extract from a late New York Ex press, whiich we find copied in the' "Thre President has testimony sut ficient to conviet hum ter: times over of the charge brought against him." The designr as too tranasparent and barefaedr to escape detection. Thie charge is made. The offence impurt ed to hrimn (of assistiang a people groaning under the weightL ofloppres sioan) is mnagnaified inato a crimea of startlinrg enormity'. Aible con iset are empjloy'ed ant enrormnous expense to as sist the Federal ofilers in thre prrose cution of thet accused. A rad what ever~ the sacerifice to truth, justice andl fair dealing, the case mrusit be a:de out Lordl Coaleraine'sr first vi-it to J larv L~ane Thleatre, his nartra al turn of pl eastiantry barught haim ninrto) a recurn tre thar~t gave hnimr gre'a t tanecasiner~'s seeing a "aentleno.rrm inloots enater the bc x, be arhalrecssed hrima ina tire follow ing w~ordls: ''I beg, sir, you wvill ake nao tap polagy-" "Apaology', sir !''rel lied the stran ger, apology for whrat '*, poaiting tao the boots, "thaut voi dlidi tnt bringyr ho- rarse withr y'ou into the box."' " 'erhaps it is~ hack y fo you. sir',"' retorted thre st ranr , thaut I did not brinag mny haor'swhaip; but I hrave a reinedyv at handar, iar I coan putll your arose for youar impetc ti. arence." Somec othrer genatlement~ ini the boax now inate reed, arn exch aiange of cia'rds took pdlace, iad bo'thr prartie; left thre 'Theatre. Lo'rdl C. weat innaaed'iarte. lv to hris barthri Georv. rat 1Lb- ok's, aand satidi, "1 acknowledgeze that 1 was the first aiggr-essor; buat it is toa hadl to thareaten to ul mny n se. What hrad I bettcr do ''" ''aaap it wel,' a-eplied G eorge, "'and' thaoua it wil e'a sily slip through his linag'ri.." New use of the TIel"e-saph. Thea Telegaphl has beena used ta gave notice of rappl rairng starr a - F.~or exampj le, tire tele'grapha at (Chi cago arnd Toledo notified shai; amaasteras at Clevelanad andl JIuanli, anrd also rn Lake Onrtrar'io, tihat a NaorthIawest stormn was apaproaebaing, Wi th this nf'ormation they prepuare tao enaco.aa ter it or remain in trot till it h aas p aa red. A hurricane 'storma is said to ta verse tire atmaro sauhere tat thIe rate of' about sixty miles an horr. II ence a vessei in the~ paort (at iNew York,a abouat to srail for' Newv Or'leias, tmayI be Teegraphred, tweanty-f'r hornaas inra rdvance thrat a Southrwest stortu is advancing on he cnnast ['ra t1 a xico. We are only on t 0ld of the advantages t .be t eny ron the electro. TI!MThl BANNER. J nterville, So. Ca. J. S. G..ltid H AR DSON, W. F. B. IIAYNSWORTHI, ICDIToRS. 4Y !NESDAf~EEIIREl AI , g 2 - I Ludic' Fair. The Ladis of Bethel neighborhood will hold i Fair at Col. NF.TT.S' house, firnarly occu pied by Mr. Iluusox, near Blethel Church, on Weditsd~y,fnth ganrch."~ , It will commence at iY". M. Entratice 25cts. Children-halfprice. They.rwpcctfully solicit the patronage of the public. Time Mairket. CO'TON.--The trannactions in Charleston i taturday last reached 1550 bales, at prices ranging from 11 to 13 cents. The market was firn, and prices in favor of linyers. Our Rail Road. We invite attontion to tho coinmunicn af an csteemed corresp'ondent, on 'this sub- 1 jects in our columns this morning. This enterprise is so intimately connect ed with the interests ofthe eastgrn portion rf the State ; it's success is so necessary, to the speedy and full developernent of our I resources, that it should havo enlisted in its u behialf, niore carnestly rend generally, the talent and capital of our peoplo. In this i advanced stage ofcivilization, the fIacilities of I rapid communication afforded by Rail Roads ire not merely conducive to convenience and enjoyment; like tnany other of what were once the luxuries of life, they arc now necessary to us They are indispensable to the proper conduct of busiuess and minis- t her to many before unsatisfied wants of the : people. Their beneficial eifewti, in a moral t and intellectual pobit of view, it would be dtlficult to limit. Ignor.tnce is V:rtue's .nost determnined foe; and those sections of the country, whose meani of cominuication with the various centi of civilizato:a are slow and Idiihcult, must remain comIPara. tively dark corners. Rail Roads, in their nutua dependence and connection with each other, bringing together ci.y and coun try, and uniting distant regions, are grand converging lenses of,civilization: no rays of light are lost, or sufTered to expond them selves in some isolated spot. but all are together, and every part connec.tel has an equal bri:..htness shed upon it. No coun. try should be content to remain in Bootia: let us keep pace with the age, and, that we may not remain rude and unc.ultivated in comparison with our neighbors, let us pro vide channels through which vhatever of knowledio and refiicnen..hey possess, I may be, cominunicatodto U3. But while iteiro ar important onsiNorations, .tere . o re suirprize d have not L. eued a more' potent .influence. 'rhe history of R. Roads furnishes some remark. able facts with regardl to their influence upon01 the values of' property and the general intereats of the counttry through which theyi pass. Real estate, for nailes on either side, is increed in value, in almost every litintance to double. a in! often to qiuadrniple w hat, it was Lbef'oe. lit thoutsands of way)s profits accrue, nnd poverty ati inert ness are tturned into weadlh and prosepe rouis c:.tcrprize . N'o platetr th inks ino p~rovemnents on his land are thrown away; he oft en spends mn ch tin dra ining a nd banik - ing an d b I htmy, wich ytihs no' div idendls Lr per centange tohIim~, bttt does he not fi ind tha:t to be ai profitable inrvestinent wvi chi dds a greatier value to huis iland than the amoirunt oh what lhe htas expended in im iisrig it! O ur cout try hats itumlense sum ,~t iIIe (ted in the vehicles aind animials ntee 'ary in the' t ransportain o (f ou1r pirohIr'ts and. sulphes, and, in the varIious modlies of trI Ivel. ltail lI,.ads taila' the pintees of rtrs ndcrri:Iges, anrd wago.ns ami ho's, and1 thtey accomp~ish int a day, the wor k of a week, andifdoubt less,ian thte-e re'pect s, saive' to the cout ry wichi is bent lifted by thieml oneih mlore Iium thteir ant IItaf expienses. L..t thias great scheme be conrsiiuiinatedh, and, huindreds ofI thtusands ]th it dllars, of whnt air.' limv incessary ex.i enl. Se, nonai~l be 5.aved, nunh1 I of what isi 12ow1 usless I~ prop erty .i I wouh then be. prelit 'tble.; whfait is nlow wov rib oute uifhitn w dl : litern be w- rth two m~rihns, ,a genierail sti htiirs woul be givein to hu:smess; atid en- . erprnze, and the prtrit~cy of the who!'e ulmitry be att onrce enh:iiee..! Andh all this 51 at t:i0 hiss to thiose.' n se mIe;ms~ imd ex- ( rtin.s shi:il iflht thlis 'i, tb'rfult chlingt-r .1 must be a hiterativt' irter- imn t. Sr w:virit of! Ith ir;in treedh, ay toI eal ry it ant! Thie iple haive been.I mitltenttice to bie.r owni ,irstt-s, thi~t thuy haiv, int pu 1t'. Iy and! e'ry wo if, bpefore thlis, jttte } 1t u t in h e joyr~l..t 0!' its ill (ly itet~'itir I conteencr,t. but' ow, -r Iti in te workt, ft ils resfour te sonu tii be l ii'Cto faili T-.h:tt resours d ow noth fitc C111900 when i-c.,. lrt,(ir nar retimredo Si ctmplore ,. 'it n.o1!t ftefble th byk ipiiri~l th~ldei re b iaetih on yat. , t li te rich counim try Ct r~oned t by the1 rtoad l~e it ii bete, bty anlaengaim t itn Itreig iiubter tion.tr Thre~it a lur m any vork so demnandeji by all the interests of c~ lie country. lIt ting mistance a rcgrr rar I he public welfare will result in advantago I nd gain to the indiviital who shall evince t tie pitriotiin by gi acts. hie e iq prolliilbus; ainoney is plenti i 8en of iile the reh can do much, the r ien;if od 4to mans, may each doa little. ut irtltis iodo of increasing the iioans o f a ho Coihipcfy ''nhaalltproo inieiiient, the wo oxpedients commented on by our corres. >ondent are before is for our choice. With r 'ogard to the pgroposed sale of stock, not un- 1 ostailingitis siticial Infltidnco, we would hrdy luggd tiat it doea not st'ai to be ontetiipluted by the charter asi a mode of t iroviding the compiny with means: that 6 frovides, that, "or the purpose of raising the t :apital stock of said cotiipany, it shall be " awful to open books'' ''r ilt' purpose of -cJeiving subh.crip:ionst to an auo tint not ' 'xceeding $1 t500,0t00, in shares gf one hun (red dollars each." Now the 0,000 shares' ,vhich are not yet taken, are not a part of the t tipitul stock of the company, they liave not r Coen subscribed, & one thriture not owned i t and cannot ber pitt ip at sale, at all ecnts ti or a less amount thait 100 dollars each. I Me think that the cou re nost conuitcive to lie interests of the Comipany, wouhdbo to it ?il'ect a loan for the anionut n'eed d. The t P'reisident, whose, report, w ith that of the p $nugineor, we widl publi.sh nont week, thinks It hat this can he accoinplished on gool terms. y l'lio ro:d will then be built, the wants of p ho country be mtau, an I tie; inv'..-uent be v >rofitable, thotigt. for a tim enibitrra,sed 1 iy debt. Vith it. atiitntages uni frit the f hcnaness of the cons:rnmtia n: the road inu-t e ricld a clear Profit of :t E'::t )10 p'r cent u poen its cost, say 81 f0,(), annual incone If roma $tt(00,00. Of this t 100,000, E11000.000o i ci ; i " i:iI te rlhd, the : -ea:indehr t',t, t',_ pt :ici andu iiter'st of c vhiich to b. paildr '.1 I, t dhvil''nd+ of i per ceit hP pl:itd t~ st !i.'!e re, li chi a vill be i97%)100, t' i.s r t at i p::. cent on I he auntont lorroweil, w!.n w =... :(.00. I iid then wi21 b. ;t s iinrit . to i. : :i'' i.'d to t L.e di ztiry . tt h i- rin ,r ii. ,I' . 1,1(1, a whichl, in I s th;::1 1'' y air , wv. , ;I r,'d-rui he whole :utin! 1. av' ir road the i rnpery( of ill sitok ho !--. r.. t We op' then that thn,. ". u it h:av' thtus n alr su..:tin'.! this. gtreit ,"n:er;prize, wil not '1 los: their confidenco in i:s u!titnat'. surcces', a >r relax in their efilrts fo'r iit cn niatzeUion. C A crisii sern.s :tiw h![ r" it. hint e;eroy ti liuldtle-', if now exahibit', , will .zrrv it i hrough to a triumnpluint i otne, it Arrest of Gov. Quitnan. t Despatches from New Or':ie:,. ini'.tin i that ov. Quir.iaN hnd reachld timt city ton ith. 7thl nst., in cuitttly of the U. s. aI:r-hall, to take t rial on the charge of particip.itin' in or :iding Y he I.opoz expeditiot.' He rerignet' his olie as y Governor of allI.issirpp. previous to t urren dler- c ng litnself, and wi il be sucreeded by the Iln. loits J. Cuios, Pt'o oeat of the Senate. The long conteiph.Nil outrage ha- thus been 0 ron:mmatcd. Tj;4i1nril:vas ianed ; inrt lin wile ho wai.% idfitco,4uni it ont t that his positiuna itspro tatl'0 'o er- J ott oircbil etfetr a ter' nio ,ibtm. as: lehicacy of thei Govlernor, n hou't resignaatin hosa a videtntly proce. tle rni a d ueran i naton not to I iersoa l n d' pmiijriviate net--. The~ teha.t r.~- a ;:ti:t i .inm nty, or snity not, h - true. it t':i.-. he hI , eu nii ty oft givin'.::iic !4 arr! 2u'ir i. . ;itrs -ni hi t 'e I .! ,,i i Ar t be fre i\'-h y 'I r t 't - a ;ita 1'ytteia par'1t~e in t ru I. I In ir Sl ianj iti.t w :rt a iii. ' I i:- :1 t : . it o l hi t'ittit tf rt''' t a e-r th t . l:--ir A I'r t ilme wit. i .~t A~ : i 'l rlitefr 'e'inius Ac' ih- e,1n 1, a x:at1:O, Ct i:an 1 'is .it h e fo, ,m-n i h-'' : r- I- y lEft l; I):i ' (l ~l-.s u t .. r.m. a r. .: r 2 h - i -;- b c~ '- ... : o onitt 15.10 -( t'- r - . . Dec I miel ,. t' it 'i t o I li in :iw a e ils ttr:11' it:t I ha lo. n Th- r 'rn i n l ii t'' iitt l i tl'ii fi hy o-ng rnnc~u' IiL'Ct~g'Wtti Ir. Rtc A&Ds pasj.disp1uy iQtpfly t= wring so well.to the tasteiot the gio vn up ulks,but~In providing for the amusement id instuctiottiof the rbvenileu, riinly erits the roward of a liberaj betronage. It is published in tho. City of Charleston, t one dollar per annum. A Voice FaoM UNitoN.-Tho following tesolution was adopted by an overwhelming tajority, in a public meeting at Unionville on Ionday last. Bo it therefore Rlesolved, That the citizens of is District in selecting delegates to the State 'onvention will require the candidates to pledge emnrselves to vote for a secession of the State f South Carolina from the Union simultaneous. r with such other States as may express an in. antion to do so; or alone if the other States re. Ue to join her. [For the Banner.] !'o the Stockholders of the Wilmington and \IManchester Rail Road Company. GENTLEMEN:-An important crisis in to alliirs of your company has now ar. ved. A question requiring the most ma ire deliberation, the most serious considera. on, for its answer, is now propounded. [ow shall this Road be built? You harvo spent your labour and money pon the contemplated Road, anticipating te stock of your company to be the most rofitable in the Southern country. You are the best data, upon which to predicate our conclusions of success; you have a rosperous agricultural country in which our Road is to be constructed; you havc ourishinig Roads on either terminus as seders to your enterprise; and, in short, very consideration of importance in estima. n;g the v:dtIe of such works, urges you to asten its construction. With the brightest prospects of a profitn. b enterprise bofore you, the work was mmmononnccd. Its progress has been slow; ,o s!ow, indecd, to enable you to realize ny immtedinte profits from the labour and 'tiny alrr-ady spent. No part of your oad has yet been put into operation, al. :onghi your energetic oflicers have done 11 in their power to hasten the woth. 'ho're inlicers. though encountering diui. Mlies which havo seriously embarrassed m'1m, have yet, so far, successfully opposed II tltmelt' to the progress of the work. 'hn obztacles to the progress of the work re now increasing daily, and with their in. rens', the ability of your officers ,o oppose eirm succosfully is fast decreasing. The ork is note' requiring a greater outlay of Ioney than lefore, aid to meet this increns. dL dmn:umd, money is u-anting. HIow shall ils monry he provided? 'This is the question for your conshiera. on;ishd it is now for you to say, whether ou will by granting the desired aid, put our Road into operation at an early (lay, r whether, by withholding that aid, post niie to an indefinite periodl, the cottipletion f the work. Yogi are all familiar with the estimates o1 im Engineer; the sum o 4550,90 is the >west cost o' tha. la c d y am% flsu ndk of It ?t m me Company for a moment, anc 'sco what is s preenti condition. Tme wholoe amouni f Stock subscribedi by individt als amounts am 876,000: time suibscriptionf time Stattn C South C:mrmliham is S!00,000,)naking~ thmt .:regaite of Stock stubscribedl for $O050.000f iL Sitimemenlmt shows that 3m balance e G(0t,t000 must be provided by: time Company to:-e time lloadu can go into 4peration. Aram; time looks of time Oomipany showt mat N0 mliles of thme grading ha ee o leted amid received; thmnit thme bajanice o me work is under contramct: amid wviil soom e comlpitedi, anid thant a conisuidorablo por Oni of time suiperatrucrtutre imas been fur Whmed. Whienm the wholhe of time griin as beern comipleted, and thme tihnher placem por thme track, time ipresent mneans~ of time omipanyv !ron subsc.'ription wdil have beer .ih aus:ed. hosae of us who hmrme ham iaioutacs kniow fulh wvel, that wve hanve At bueen a id e~nght, andii consequntim iy e are in!I re.y io aidumit, thaut time C..ompa, y L' h . lat nonth i by time improivident hm. gemen mt inf its fmiuds. Tii, then, will hc 1e s!titutionl mof time Companyv; time Road mim. m. hoJ, all :.i resomrees inxpendedi, aind thti holeO n'unii of the work enmirely host; f, .a wuhilibe inisumltin1g to commmmn sense t rge thme coin Iieration, thait time Stock. inbrs an noser receive any returns, tin. !r ieIa is put into oicrationi. \Vc w I nowL~ suppose, tham~t we have the udi grxmihd, anid fuirniimhed with the timm. Lri amileht uis louik airotund, for time mmeamn: Sits (co'mdecnoni. Tme State~Subscript iot ithe 8200,000tX is thme only avamihlable re. 'mmree lef us, anmd this has been stubscrib. dm mder ineh rest rietionis, I ihat it is avala hb~c nm y, for theO compjletioni of a vary short poir lin of thme Rmimad. This ftund apaplied,amnd 4( eS at ther Ri iod inm operautin, we are onec: ne Ltopped'i for wan mt of imeans. Spoe iiw, w'e canm ohtimam , by subscrijptji cm !bemarw a-, nom furtNher sulies in of money tc 'am on wahi time waork; t hat lthe project o m whoie moute mnnmmt, from necessity, lit biandliion.!; het u~s tmen count time cost Ci >nrmmctomg time 4i0 mmiles~ we hanve put it aer im. ini rstimatinig tii cost, it waiill cieriident to alli thaut the whole amiounmt ex. namid man the route f rom WVlinngmtn I< 1ala neter nmmItibe addimedl to time cost o mt 41) mdsn' amid that all thme Stock holders ftilh' (Coimpanmy mnust be entiitledh to) a per arn of the promlits. The 40 mmi les willI thme m em cost thle rioundii sum nof 8950,000), ha Ig83,5 per mmie; a Cost so great mi a preclIudie thme pos~sibmillity of time Roadu evel eominmg I rmlitauble propierty. T1o iltustraut< is, let tns nsuppose the~ Roadh to mnako 7 pime enti. mn is capital stock; thmis will be 4titi,5tIO. Dedu.i irm retisn, time necessarj .xpemnses, andim bt a small bammlamnce waillI he rt time Commmpanyii. Again, smupposo the loadu te mmake'.3t per cenit; a per cetagn reiter ithan we hmave anty ranon tnexpnc oven when the whole route is in opera this will be $104,000. Deduct expo from this, and wo wgijld have ttfa pr left us. But when w-efieg t : 40 miles, we cannot hafqfthe ing the Great Mail, nor the throUbph y sengers, the chief sources of., Incoyg, is it not a reasonable "supposition to sluy the Road cannot make even 7 per cent. up. on its capitall If it does not make 7 per cent. it will he a losing bus-iness to all con corned, since it will require, at least 3 per cent to bear expenses. Again, the length of the whole route is 102 milos, and the amount required for its completion is $1,5A,000; being an average cost per mile of 89,500. From the cost of Railroads now in succesful operation, we can confidently predict, that this Road, costing so little, will make a greater per centage on its capital than any other Road in the Southern country. Having the whole Road in operation, we may have all the through passengers as well as the Unit. ed States lail, the chief sources of profit to Rail-Roads. With ihiese facts before them, the Stock. holders can now determine upon the course they must adopt. Is the Road to be com pleted, or shall it be abandoned? This is the question the Board of Directors have propounded, and it is now incumbent upon the Stockholers to answer this question. and to do it speedily. If they determine to finish the Road, the Board has called upon them to devise the ways and means At the late Convention of Stockholders held at Marion C. 11. on the 29th January, 1851, this subject cane up, and elicited much discussion. No one wished to stop the work, but all were anxious for its coin. pletion. Various schemes for raising the required amount of money were proposed and discussed; and it is our intenti.)n now to notice the more imnortant of those schem es. Several m,:mbers of the convention were in favour of raising the necessary amount of money by the sale of stocks on the fol lowing conditions. The persons taking the Stock, to be paid the interest annually in cash; the faith of the company being pledged for the regular and punctual payment of the interest. To this scheme there are several objections, though at first sight, it may appear to many very acceptable. By this scheme there would be made two sets or cla:ses of stockholders; the one class beingr in debt to the other; the one waiting till the Road is in operation for any of its proti:s, the other receiving their profite annually whether the Road be in operation or not; the one after the Road is in operation, receiving a per centage dependent upon the business of the Road, the o:; se igng. fixed per cona", wb e Road, niakes any thing of same time entiia'l tage if the crease: Ser co iiddrati~ o this; to pledgea nothiing more tihan thefaith of the compapny would scarcely raise j$00,0 o:. Shnid that anmount not be raied, thena we would be compelled to mnortgagiie our propterty for the balance; in .that event we would have two sets or clas-ses of creditors, a calamity we should strive to avoid, as between the conflicting interestR of thesoi1creditoirs, We the original projectors of the Road might be crushed. We would prefer all stockholders to be on termas or perfect equality, and if it becuoes necessary to borrow mnoney, to let all the Stockhaolders be on the debtor side. tJL tha s simihl be the case our charter has wisely priniie; and it is a matter of doubt in the inies of miansy whether the company~ can )l its atoek ancordinag to the terms of the above scheme. Anth~ler proposition brought forward by the l'reslenat and Directors is this; tc borrow hhe wholeo amount nocessary te 'omtdeto the fload and put it in operation, anoartigain the lload for its redemption., Nowv let tas conasider carefully this proposi ton. All ot us prefer to have the Road bllt with)ot det; all of us are agreed that the 'tock subscribedl cannot. complete the Rloa ; 'all of its are folly imapressed with the *fact, that unliess thec Road is comapleted, what we have paid is irretrievably lost. Now the <luent in againa recurs; shaall we borrow ioney to tinisha the Road oar shaall we lose forever whit we have paidi To~ muake this loan, enormious as the *amoun t niay seema, is not to bad a policy alter atll. W.- ilal have property worth 81,(00,000. This property we pledge tot half a iniill iona. Now look a little further into the mtatter. Whenci we receive the 'oan a eain it open the Road, our prop. erty wdl be theta worth $1,500,000. This propjerty will thena be in a conadition to pay the mnterest on athe dlebt ($600,0.00) to s thae least ofi .t. faa at not likely that it wil makale a great deal mo're than the interesti Thi interost ona the debt will be $42,000J WVhat Rtai Iltoad of 162 miles int engtha, pasing tlaro~agla a h)rOSIeroins agricultural coutntry, carryinag thae United States Mail anmd crowdls of peassemngers daily, makes so little as thas. is it noit very probable that the Rioad cani pay at least 7 per cent on its capital, affter the necessary expenses are dednte~td imiom thae incoime! Is it not the genecral belhef that it will pay to Stock. holders I10 per cet. At 7 per cent the interest ont $1 ,->0,000K will be $I08,500 i'yinai the interest oan th~e debt B42,0 out of the, wdll leeve SOo' annually te hae taphed to thle extinctioni of the debt. At this rate the debt will be extinguished int a hitte Imasore thanu naino years. Should, however, the Road be as prolltable as the Stoackhihler.< anticipate, say 14) per cent or its capitail, the debat will be extinguaished in a iut tle lessa than six yers Another view ol the anedton may now u taken. ......s $1 O neo r the, P; . byeit les$ r its to 1 0A. at "E below pr cew. verilybJ' are; au 4 a Coms t0A~Yllis u~if bhe pre gone abt d that it could only clear 5 ,er cent. Should the reod clear 10Jpot1 ' ; it ia then plain eno g 4 e.e be extinguished at 2 yeareend at the same time the atocksolders would be receiying - dividend of a per cent. In short, we ft 4 no apprehension whatever I v rtuIy -a Of a loan that a stoclifiofel di'~ re ceiving no dividends untill the debt iAspajd the entire profits of the Ipad gojng , Bondholbers. To this objection we think-n-oter6a swer necessary out the simple inqufrli what dividend do the stock!"..:,ers expect to receive from the Road it ts present condi' tion ?. - Another consideration of adnix irnpof tance may here be adduced. We will by this loan, have thoRoad put in operation, and, consequently be deriving all the advan."' tages from it that those, do, who - are stockholders. The niany co bveniencs - forded by it are surely worth consideration ; and, at the extinction of the debt, we wilt have all the conveniences before alluded to, besides a share in the prcfts of a profible Road. An adjourned meeting of the stockholders is to be held at Marion C. H. on Wednes day the 12th of March rext ; at which meeting it Is hoped, the entire stock of tie Company will be represented. The fore. going hastily prepared remarks have been. thrown out as a provocation to discussion, and with the hope of exciting some interest in the subject among stockholders. A STOCKHOLDER, frton TiEj WATI:CuAN.) MIssRs. EDITORS: I noticed in the Black Rirer lVatchman of the 25th inst., a call, for an expression of opinion touching the proposed action of the State Conver.tion" from those whose names have been brought forward as suitable representatives for the people. Such an expression of opinion is due to the public, that the votes' of an ag grieved people may be cast with a - knowl edge of the men who may represent them. in perhaps the most important convention ever called in this State. . I would, however, roepectfully decline the proposed trust, and would much prefer that others of more eglarg'ed political ex'peri cnceahaaild assaune the resapnsibility soon: - le committed by a- sovereign people to their representatives in convention. It is a high and holy trist, demanding every quali. tication which call boeOtedart. Permittme. howeverto express ny' opinli on ,th, great .questis .rightom.. *j jj4 sion of my opinion on sae ila liost.'before the Southern Rlighta Assooiation, but had necessarily to leave before the close ot iho. meeting. In withdrawing my name, I can..' not but express a hope that tU.e people will ' concentrate their suffrages on those able and patriotic gentlemen who have becen brought to their notice. . Wt. IIARRIS, Correspondence of the lvening News, WAsursaroT!, Feb. 6, 1851 In the Sene te, Mr. Dodge, of Wisconsin, presented resolutions 0t'the I'rgislature of Wisconsin, reposing so much of their res. olutions of March, l'349.,.as cenisured Mr. WValker, andk instructed him to resig'n hia seat. It will bea recollected that the crime of Mr. Walker, at that period, was a motion to amemd the Civil l.ist bill, Ly providing for the extension of the lawa andi Constitution of the United States into Coahfornia. For. 1this ho was assai'ed by the Free Soil press of tho country, and denounced in the most extravagant tenna. Messrs. tBeward, Hamlin, and Chase. fired thte usual bradside afi anti-fugitive. slav'e petijtions, but they were diposed of in, the usually summary mode. Mr. Borland presented resolutions of the Arkansas Legislature, asking the establish-. ment of a Military Acadetmy in the Sotuth. WVest. Mr. Rnsk presented the memorial of - Barnabas Ilates, the agent of the New Yorhs Postage Refunn ASS piat iotn, ofFering to, carry the mnails at a much lowver rate than at. present proyid'bfrthe pending bril. Mr. Poote, from the Committee on For-. eign Relations,-4o whom had been referred various memorials asking that seo plan may be devised of settlhng nattonal difl'er e.-ees instead of war, reported a resolutin setting forth that in the judgment ot' the Setnate it will he proper and desirabie for the Govcrnment, whenever practicable, to se cure in all its treatits with other notions, a proviso, reiterring to the decision of umpirca all fnture misunderstandings that cannot boe atisfactorily adjusted by amicable negotiats tions in the first instance, before a resort to, hostilities shall be had. '1'he resolution lies over, and will not in all probability be called up again during the present session. After the disposeleof seime tmnimportant maueors, a vignmus attempt was aode by Mr. Turney to tako up the hill to amend the patent laws, hut .w':thout tuccess. Toere is evidently a disposition to' allow the subject, tp .sheep. Thew bill for the adjustneof California private larni elaims was, in ita amended form, ordered t~o be engrossed for a third reading. The remainder af the day was devoted to the coasider'ation of the joint resolution ma king bounty land warrants .assignable. Its passage appears to be ext retmelv doubtful. In the Ilouse the B~ranc~h M.inst bill was again taken ump, and the substitute- otibre4 yesterday by Mr. B~ayly, anti adopted ig Committee, was non-concurred m--Wcat 98, Nays IO0l. The question then reetag en ordering the orighia hill to a. third' uading, Ms. Htymg moved to lay It on tntble.s Tis thiretwas an end hI'btwoliatter - The frieilsof te Pdladlpha Mit cns /