Newspaper Page Text
1ht ,t ltam Iqt -.
t--'-.
Bl'NDAY WOREIM, DECMBE R 13, IS.
TaM lip IN T'tE 01.Cc .
BY ,gO. L. CATLIN.
The following Itnes were published by the
MatLor, some years since, in the Yale Uterary
Magazine, but will probably pro1qv new to moet
of our readers.] I
One night as I slombered, mid visiouns unnum
bered,
Mid fanttasies wierd and forlorn,
chile sce tee ne'er enacted an' ramas ne'er
acted,
In wondrou. succession were horn:
Whtile mtop. rim. u.mughtly, who }idit me nightly.
Here Lipr--g it err oaths in my ea'.
I heard a , w knlck. as if from t i clock
'That strood in the ohimney-place it ar.
I heard it agfin : " ',is naught hbt the rain
An it 'aini -nmes patteriiing dntr1 on the pane,
()r the etr d hului ticking," I criei(l
lint the ,,''y reply. In return to nv cry,
\ ais a kr, k in the clock at my spde.
ii
Though 'earfill and trembling, 'el, coarage dis
I murminred in tremulons tone,
" lie tho angeel or devil; goiil clirii or evil.
J order ti.ri hence to be gone."
I shuddered with fear. for near tI my ear,
In spite 0t the rain drops wnhou,, ; could hear
A whisper as if from the dead.
Harsh. id onus. hboarse, cold crdtel and cross,
And telling of misery, woe and sremorse,
In slow. mea.ured accents, it said
'" Conie lther; unlock the door ,,f this clock.
For here I'm a prisoner; what, to you dreadl
A poor little elf, of a size like tryself.
4 'nfited ii~ this il oaken clock ,on the shelf '
Iid do p ': b, ill, e'en had I the will,
And I promlie your utmost deuirel to fulfill."
" Who are vyon'" I cried. " Old Nick," he replied.
"K Monie f,!ks .all me Satan; the. oevll beside,
lint con e ; set rye free, I beseet hbyou,
A r;d tres nres intId. both h je'41dlssed gold,
I'1I sive s' n for ever to have and to hold;
I heir ni ii velous uses Vll teach yor-."
'" It sure were not wise, though reat le the prize,
Tor set free. in ole's presence, thi, lather of l,es;
Itut It dn, h not appear. and I pray you make clear,
.y what reason you ohmsce to be prisoner here."
" Oh no ! 'tis a secret that ne'er most be told;
] ut I'll give you a treasure more precious than
goid:
If you'll liberate me you shall never grow old;
l our blood in its chursings shall never flow cold;
You shall wear the gift of immortal bi tom,
Forgetli;l it nlsctry, death and the gloom
Which e er broodeit ever the walls of the tomb."
" I know." replied I, " that ere long I molst die;
IThe moti ni, of liletime are fast fleeting by,
Their Ilnlit each hour briogetb nearer.
lFen eeiild I receive what you offer to give,
J)n Iou tltink Ithat forever on earth I would live
While In Heaven rest those who re dearer ! "
"' I know of a mail, young, corpmly and staid.
And radiant wi'h beauty whicih lever can fade;
µ Itb large, dreamy e yeof the tint of the skies,
Y1 hen the mouu iruln her starr couch seemeth to
rise,
With lips f the rosiest bue;
Atld I swear by my head, he you living or dead,
noa mortal ,,.'irde yon this maitlen shall wed
hone other shall hold her that imou."
"Ah ! ,nb"c did I love one as rlre as the dove,
i'it now sle is changed to an angel above;
I et oft tI the light ot the stillastarry night,
1 eee hv'iing o'er me her cherub-like sprite,
And sad is her gaze as she chanpte the old Iays
'% e on'e anlg toge'her in erst happy days."
'"I have yet one treasure of worl beyond measure,
A finitaini of endless, delirlous.pleeuure.
A source of rare ,y. oounmied v ith alloy.
Whoue potency nothing save death can destroy.
It hushnlr al! tears, it dries up all tears,
And the 'Water of Lite' is the tilme that It bears.
Fie ' tho. shall be thine, this red ruby wine,
I'osnesstd of a po ocy pure aird divine."
'Then lo. and behold, a chalice of gold
iesatuddet with jewels, of woirl'manshlp old.
Appeared in mly bhnd and was alised to my lip.
Fore'er be sacursed that long fatal sip.
'Twas Ins i i.a and tempting ; till deeper I drank,
Yet no low er the wine in the geuim-d chaice sanulk,
but it ti'i Lied and glittered and wooed me to
drii k,
As I o, Ipreased my lips to .its e'er brimmiug
brink.
liut hark ' once again t ame th,;t low single knock.
It reclleld lie to renet,. I tured to unlock.
Accordilng to I.romise, the door of the clock.
ltt h ' it -'to, l ien the gh in had gone.
'Ti,oiul il, i',erilhis errand ot ruin was done,
For the Ilp i. siull mine, and the red ruby wing
-till wittla it doth endenssly, fatally shine.
"f.l'ag: LsT'r Of EALTH."
te,;r,,r 'r,.,,,! -A'ccept atrither pearl from
lenliry. Whein thie it u.trio'a subject of it "was
strickeui ;t the tnillst of his puLh.i, lbrs," I was a
boy, and can remnember that t.e occasion elitted
man\ a beautilul tribute from !ournaliets through
.lut the ladtd; but of all I sow, line impressed
itself cn niy , milltui. li';e this one. I read it in the
Albany 1V'ncingl Jourtlal, wherein it was credited
to thle New trieans PicyuLte. I suppose it was
ine ef the late lameuted Keudall's gems; if not,
perhaps ste onie counected sith the Picayune
can tell i1 'tlini we may I isise as its auithr.
lIi ceti.ier I1. A\ R 5'i: .
" The 2,d man elqueint " r'osed his eventful
ii' i' 'r, .I rrlh . the mom'lilueiit elpressior
!, vewr 'ti t.* d Thebse weri the list witr 15 of
JoIhi tl i. yi Ad.inis: " This : thi, last of earith
I tll e leoii " fr a m i tnt iter he wac
itr: k,,ri . ' e ni-,! t f his .I'h laliors, the aveil
'was rit,l V. . 1 r.ii his fre. Ii, ftr the lest ti'ti"
iih i,c i- i On a worlid lwhih hi' had filled wi:h
Ii I atli. It was fiading fr-r.i hi! vii; ,n i t wa.
ri'~ol.i:5' iu Lis iouch, U:lh all its splend-,rs.
with ll i:* w es. with Its p 'reant. its pali's-
v'biti its ii hltal:s ant its vIr 'ys, It high pace.
ant 'l1r ir t r, wardrs. It wnas watLIIg tllio ses.
4o.ws, ai trumn shadows in', ntbii.c. H" lsw
dsrkneii lbroi.iitg over i', ni ,l it in e'erni l
gllicl.tio i. a waii gone fiern ir: it vis the last
oh t-r l] N,, idi his gre? t mn stre'ch fir I,
bLse hatd to I r0 hi away the thl.ht.iiin diiaiUIess,
rim hlis hiw : neither ioiCih? 1., tl deil.I the
paci'iett; nlii hlu'Ig he to tile ralLuinit It I!, eltig
Itrt:r, -tI i wls coiteii''t. h1I hid seen all if eirth
w'w his olwn 'eec. 1le had seen the j 'ys of noo
re.nt b!i.' hiit"-, the glories of a Trea' mranboh d and
the ep!tlih r '-f a brllllant and revered old ace;
tnd whtn i. kere,., like a curtain, came down
Ifr r, I ti. -!.5 . lie wa. or'.r,.nt. TI:'re was
to r ni:h I t eli neither sau tlhb aluithiua iu
" u': t, it n 'ak him dread Irning thit,,r. Well
a i.y It ie . x'lalned. in . entcmplati:g an end
liki" th's. " I.,t nle die the d-'atb ol the righteous,
sil .1 it' ISlat eild he hlke his !" T'iere was
niotlhit In i it t aspial the Imagintoc:i : nolhisg to
n'lires' t: . r*,d with pain. The wrk of suture
iIl I-.el I i t,,rllieil--it t wa.1 tni-ho- : arid, as the
aged patr ti la rlrk in death, he was I's the
l It\ ' * 'l 11t rng of Terr-.rn I!ia:i the cnt.-u'n
lL i.t 5l ,. '-'i li-ic provideDa Ce ti.e ' !lltet.i.U
iat an exiltd deti'y.
...... - .-- -
mi 'pbtor,. Mestrs. Rice, i;ris. . C'o., '.sad 'i1
4 sit; ci i. ;5 Magazihe street, wholesale dealers
it: haid ware, cutlery. cocklug stites, t..., have on
han- a' :' - irme one uf the nost sp:endid assort.
meLts t thle seibrated C:harter UOk cooking
st.~ie they tin'( 'ver had. and owing te the strin
gi ngy iii lte norley market, they are otlering
tLetm at vt riy grteatly reduced prices. As an evi
dt-.,, If tLe imnl.ense popalarity of this store,
over one thousand of these stores have bieen
tu:t.' (t ul of their establishment since the first of
ie-tt ulibrr last. tSee card and buy a new stove at
the rldued ,rice.
Some l'eople think they can get nothing in a
jewelry stt re that does not cost a amaU fortune;
but if such will to to the magnificent store of
Messrs. A. B. iGrawold & Co., corner of Canal
and Royal streets, whose advertisement appears
in another oolmn, they will finod a vrikd esort
* Inent or low priced fancy artclte, newly im
ported, mostly for adiea' use, but some also for
their bachelor frieall. We thiak we can safely
promise our readers atlsfactloi both as to price
and qoality nto dallg Wth this old established
irm, and we recommend them "to go early and
go often."
The New rleM , Jackien uad Great
Northern lhabad.
D. D. Withers versn the New Orleans, Jackson
and Great Northern Bailroad Company-No. 5537
--In the United Statke COircut Court for the Pikth
Circuit and District of Louisana-In chancery.
At the last term of this court the above entitled
cause was referred to the undersigned. masters in
chancery, with tnstroctions ' to report the oondi
tion of eed company, its bonds, compous. roling
stock and other proerty, and whether the same
is in sny danger of waste or apollatioa.
Whether there han been any mismanagement
cr illegal practice and any cause for tue tnterposi
non of the process of the court, by way of an in
junr tion,,r for the appointment of a receiver, and
P hat p,,wer should be given to one, and what
linci sathn ihoutd be placed on his powers."
In compliance with the foregoing order, on the
-econd , i September last we addre-sed a note
co ering a copy thereof to the president of the
railroad conpany, informing him that we were
tben ready to proceed to the discharge of the du
ties imrp,-ed upon us. The president. Gen. Be iu
regard, being temporarily absent from the city, Mr.
'itith, tie acting president. call. and gave us
assurance that the company would do ali to th-ir
power to facilitate a thorough invesetigation of the
whole matter referred to nous.
On the 17th of tieptember aspecial oar (dummy)
was placed at our disposal, and in company witt
the acting president, Mr. Smith, Superintendent
\Villiams, and two of the direotors, Messrs. Aru.
strung and Fellowep. we proceeded to examine
the road from this city to Cantoo, in the State
of Miesrleippi. a distance of 206 miles. Travel
it g by easy stages and in daylight, we were en
abiled to view every section of the road, and we
have no hesitation in reporting that it is in ex-el
lent condition, and that it will not suffer by a com
parison with any of the roads of the country.
ORGaANITATION.
This cornrany was organized under a general
law of the state of Loiasiana, passed on the Ilth
Marchh. 1--2, which, in accordance with the C tn
stitution, limited its existence to 25 years. The
new Contttutloo. which was adopted the same
year, abolished this restriction, and on the 22d
April 1-.::, a special act was passed by the Leri,
lature incorporatung the company with a capital
of eight mlloDoa of dollars. exempting its pro
perty from taxation, and giving to it perpetual
existentce, etc.
On the 1 lt March, 1512, the Legislature of Mis
sissippi passed an act recogniz.ng the company,
giving to it the right of way, exempting Its pro
perty from taxation for the period of fifteen
years, etc.
on the 9th of February, I.GO, a supplementary
bill was p seed extending the right in perpetuity.
up, n the condition that the corporatioo complete
t;9 miles of the road north of Canton and south of
Aberdeen, in that State, by the let of January,
lI1;5. aid the remainder of the line by the let of
Jatnuary. 1i72 The compny proceeded in good
saith to the performance of the duttes tans im
posed on them, and as early as 1863, had expended
upon the road the sum of $607,964.
' he terrible war which broke out in this conon
try in the apting of IFa1, suspended their ep ra
tone and rendered It impossible to comply with
the conditions. t
The tirat report made hy the president, under -
date of the bib May. 1s53. tu's the amount of
a', tk ,ibecribed at $,t450,,0i0. This includes P
fil i-li lit.--suhbcrihed by the S-ate of L ainitana,
art tie sum of $2,000,0( 0-subscribed by the city
of New Orleans.
In Aaguet, 18i6, the Congrees of the United
'states donated to the State of Mississippi, for the
rse of thl in company, the alternate sections of t
public lends, within six miles on each side of the )
read. but, as it is alleged that the lands in the
itamediate vicinity of the road had chiefly been t
entered by private individuals, and those remote
not beirg of a quality likely soon to become valn
able, the company did not accept the donation
because of the burdens which it imposed. The 1
principal one was that which compelled them to
transport the United States mails over the road
at a compensation to be fixed by Congress.
Whether they acted wisely or unwisely in refaing t
this donation is a question which we cannot now
determine, nor is its solution deemed necessary. e
'i e act of the Legislature of Louisiana to
which we have already referred (22d April, 1s 1)
au'horized the company, if necessary, in the cou
struction of the road, to borrow any sum of
money not exceeding eight millions of dollars, t
and to mortgage its property to secure the pay
ment thereof.
Under the act passed on the 24 March, 1,;,
they, as well as other companies, were suthorized t
to Iesue bonds or other obligations for money
which they m'ght borrow for "the construction or t
repair of the road. '
The road was completed from this city to Can.
ton. In Mi-sissippi, ii, the :clst March, 1-4, aind
traine commernced running regunsrly.
It is very rarely that the estimited cost of a
work of this character does not full far shFort
of the actual cost, because of unforescn or
unantticpsted diflculties. In this, howeveer,
; we tird that the reverse was the case.
'i'.e report of the presilent, tinder date of a
April 2, 1-'. shows that tIlh road wau coon tru :ted
for the ir , ot if4:;,' :.0 I '--s than 'he ae'ri cci .
The e-tu:.ate per oi:e was i.t-.0, wh i1t the
actual cc! w - $22 721.
ONtI .
The ci-mpany, in the exorc:se of the power
i\t- d l t n, ie'u| by the acts t , wh:ch we h.tv, r -
t, rred, proceeded on the lt tJuly, 1-,, to iussie
hurnds, hearitng interest at eight per cent. per an
tnr., i'-yable semi-annuaily. and the p-it ipil
falling due in thirty years. To secure the ply
trriett ot principal and interest a mortgage was e
,lul, ax.cuta d to James D. Denegre, to secure ho I
arnd ,thtr holders of the bondo and coup nos o,,,u
-i, n.chb ,of the railroad which had bpen c ,u
strtited from this city to the boundary line sepa- t
rarng the ,Mtate 01of L. uiiana from thl Sta'te of
S1itistLIppI, being eighty-eight miles. more or Ie--,
Swith si the privileges, franchiseis and property of
every descrtption then owned or whi'h might be I
-iberequently acquiiiredl by them. At the sa, ui
rime an additional security waes given by exe
ut ig ian indenture covering the while r.,a1 ti
I r.ton. Miassissippi, extending abou '' -i in:!et
: ni, Ni a Orleans. with all their r gh ., pivii
I L*. iaroenlrty, etc. The bonds thus ne- ied
.e re i- I, -, amounting to the scm of ,,Ii)itio-'. a
--, 1 h " ," April, i~157, tihe compaty treated a
-i, rE tiirnd for the payment of the lnterest and
tLi ra!intal extinction of tl.e principal.
TI.e -traact which establihned this flnd re- a
,,:red the treasurer of the company. on the last
- by of .Icly. 1-.7 and the last day of ewiry
triteh tiee-after uatil the final payment of said
i :.isa, t, deposit lo the t'itizean' Bank of Louiai
ara -w- th rds of tne per i ot. then at the ti-ne
.! thie delosit outetndirng. it also reqiuired the
ti.r ili -in th.e last day of Mhrch, June, --p
'r - :'r - , DeIcemrber, '-i, arid each year there p
nirr t , er 'li the tiuel exi lion tcuo oftile ·nds, to
tos I t I that fond soch sums as wonld, by a--u it
ntulati i, il regular quarterly depo-ias, a tho:t
it, ri I - i ilct' -tlneit, he sulli -tent to pay in full
:i IP'hntly all outstandiog bonds at the tiume of
- ~I r ri ec. No deposits were made under this
-,ir-ci rt ortIll three years afterwards, towit: i
:hi:d :;ih June, 1i60, and none whatever have
I, , : ,-,i-'i- since. These deposits smoot tt toe h
- :t - I i- ' it'- whichredeemtd ou'stantdiagb nis
t, tL,Us~itt of Tm!i.00. This left the atouOt -
,' h tor rlt oil! ont.tn~dr ng $ .l titi i)i tl,-s
nrand e ta.. .4 sne ,ne .. bets 51 t.*o nt-ta r
t :i- --:-- ji· a. ecuirity for a loan rna-li t , the
,ii p1r y f what is called the " Chickasaw i
In. ld. "
ITe lard of direccirs on the Ilth Juty. !i-.;
lict' or t-di the president to emec-te a deed of
i:: t or c,:ind mnortgage for the suim of th-ee
i:.:i - ,t d~llars, ptibhle in thirty 3ears, wi h
e ., rs,' ar the rate of eight pFer cent. per aounti'.
I 1.; vw di iy executed to the same Ip irry on tae L
-i , ! (' , er. 1 , hi .
Fhe o,,,et which they saerued to have hat in
,ii a a. toi fund the coupous of the fl-at mirt
-g,r a, .! ritaiu fromn the earidinga of the r -ad a
' -nVeirnt amounlut to extend it as rapidly as poils
lie tii te rtirthtrn terfnulstii.
ton ti:e 19th .lune. l-,i, a large amount of in'ae
ret havi:.g ai rued during the war. whlich they t
were tasble to liquidate, an arrangement was
teice with the 'ptglih bondholders, which was ,
sirlny this-: The holders of matured coupons in- n
cid l:g those which were to fail due on toe lCt
July emslng, were to deposit them int the h:o nsof
trustees, and receive in len thereof secnd m,,rt
gage Ibonds at par. If the c mnipany failed to g
me et the coupons attached to that mortgage as
thety matnred, then the bondholders had a righlt to
d, n sod the coupens Issued under the first mort
ge*., aid resume the!r original position.
SLe bt nded and floating debt of the company
ct tLat time, or immediately pecedinog it, to wit
-.tL February. w 1.1,469 7t,; 41. hlonl.s under
ttm:s se cond mortgage have been Lsaned as follows :
Funding coopons of fret morrgage $32t t.0tO. issued t
in settlement of debts $IiLtft.1 pledged au e
cority for notes of company t2-,i00. in hands of
compianys agents $138,000, o hand in New Or
leans $24:i.C0O. making the aggregate amonet of
these bonda 1i 500,ite0. The remataing million
and a half which they were antorised to iLanue
were cenceled and destroyed. I
Fram this statement It will be pereived that the
totalarmeuetof the bonded debt of the eempany
Sg.,o019.160. This, of course, does not embrace
the ,0 piedged u ee y Ior debts due to
the beak. wilcb ountstelly amenetd to the ea 1
of 15l,510. It is awered that them beads will ne
redeomed.
The eOaL amons s eseein atashat tSo sret
mort4age bonod which have been arr"nted .tther.
Swe than by flidtng betwees Jone, mIS, and toe
30th September of the present year, is 5$4s Itio
If we add to hbl amount funded $931,0,0. we have
tne asgregate amount paid or adjusted, $1 472 160.
We ind that the whole amount of money prid
up to the 10th teptembar last for onesoos at
tarched to second eor'gage, Is fl2n0,23'. So
tat tie court will pereive tnat this nounut oft
tr err tonds had been aipro,riited to the payment
of interest on second mor-gage.
NH as -ertain ftrm the directors that the comr
Isrnairt in the casee at the only person who re
ýn.e- to.-. s Pe ttree b -nd- in lieu of the coupons
wl.ich he holds alder the tirst mortgage.
LIABILITIES.
The llabilities of the corporation on the first of
March Last were as foll-,ws: First mortgage
iowda, 12,741,000; second mortgage bondsa
$1,( 3,00; interest accrned, $193 (00 ; floating
dt bt, c8l3,524 ; total amount, 14,702,524.
I he question now presented fur consideration is
whit portion of these liabilities is now drawing
rtierret? Interest on bonded debt per annum,
$.121 132 0 r; interest on Chickaasaw fund. $16.000;
uaking the aggregate amount of $337.3:2 o0.
The btlls sayable amount, it is true, to the
vom if $146 "70, but none of them draw interest
except the sum of $33,761 25. The interest on
these is computed at 12 025 67 The interest on
ibere varies from five to eight per cent., and six
per cent. bas been assumed as the average ; this
approximates sear enough for our present par
pt ee.
It is assumed in this calculation that the ac
orued interest will be funded and become part of
the bonded debt. It is presumed that these bills
will be discharged, and hence we report that the
sum of $337,532 0o will be necessary to meet the
anmual Interest.
'Ihis calculation it will be perceived is basud
upon the assumption that the ('hlckasaw fun
will remain a permanent loan; no arrangement of
this character however has yet been made with
the State of Misissippl.
There are 1$76,000 of these bonds, the interest
on which is payable in London, and the exchange
varying from )ear to year must be considered.
For convt nience we have prepared and herewith
submit, marked A, a tabular statement, showing
the liabilitles of the company at the close of each
fiscal year from 31st arch, 1858,. to 29th Feb
ruary, 1o68, omitting the period during the war,
say from 2'th February, l,;2, to 24th Feb
ruary, 1lt56.
ARltNIGro.
The next question is as to the annual earnings I
of the road.
We have prepared a tabular statement hereto
attached and marked B. showing the annual earn
ings, grosa and net, increase and decrease, each
year since the road was completed to ('anton.
Fritn this it will be seen that the net earnings for
the year coding MLych 1. 1861, (the year immedi
ately preceding the war) amounted to the sum of I
$5g5 433 4t. The net earnings for the year end
ing on the Ist of March last were, $185,95 98.
This shows an increase in seven years of only
$33,502 54. If we take the gro's earnings at these
different periods we have in Is,;1, $t,2.12,ri23 61 ;
in 1867e, $1,331 402 05. do that the increase for
seven years is only, $98,77 4t1. If we look at the
financial condition of th-' company we find that at t
these two perids, the debt of 1P61 was, $. 6;;..
3:5 41, and in the year 16i+, 4.702,684 11 ; show
leog an increase of $1,036.003 7u. Altogether the
gross earnings during the past year fell short of 1
the preceding year, etill the net earnings in
creased in the sum of $21,x55 '3. The cause of 1
this decrease in the gross earnings is to be found
cheftly in the paralyzed condition of trade, conse
quent upon the prevalence of the yellow fever in
this city during the summer and fall of the past
year.
The gross earnings, since the organization of I
the company up to the let of Marcon last. $S1,
070 91:; S~; road expenses, $3,ti7.390 "6; nit
earnimgs, $1.263553 02. The la,geat amount
earned In a single year is for the one ending lit
March, 1;7., $1,35182190 93. The net earnings for
some years to come can safely be estiuated at I
$f;50,t,(0 per annum. If, then, the debt is not
diminished or increased, the annual interest can
be promptly paid, and leave a balance of $.112,
467. In this statement we proceed upon the as
sumption that the State of Mississippi will not
press payment of the debt, which Is now past due,
amounting with interest to the sum of $300to,6, 66i.
We find nothing in the financial condition of the
company to justify the charge that the corpora
tion is upon the verge of bankruptcy. It may
not be able at an early day to declare dividends
upon its stock, but the earnings are amply su!li
clent to pay all expenses, discharge in due time t
the floating debt and place in the sinking f-,ud
annually the necessary amount to redeem tile
bonds when they fall due at the expiration of 30
years.
To accomplish this would reronire an snetal 1-
posit, not l the first bonds matured, of the sum of
about $223:.2'G. leaving still a balance in the
treaenry f ',181., to be expended in the extern
ston of the road or distributed annually amt ,n-t 1
the ctock bolders. This, however, cbatnnit be -1 Le
until the luasting debt is first i-xtiognterred, whiclh,
exelu-ive of that due to the state of Msissidlppi,
anounits to the sum of 5137; '37 45.
It i- due to the directors of the company to sy
tlat they estimate the earnings of the road at a
much hbkher figure than we have placed th im.
llte road is how in tlie order, and with tathitent
stock to mneet ail the demands of the public, and I
we catLtot well see bow the charge, that " their
tit.alre are crippled," can be snatained. If there
were rny dar.er of the company becuinig oall lI
vi nt ht ouce of the bad iinana;emnent of the o'~
, t re, we have no donhbt that the members of the
board w ho were aplointed by the Statte of Louis
iana and the city of New Orleans., would sound the
alarm and take thenecessary legal steps to pro- t
tect the f': I00 (:;i0 of stock which thl.y represent. i
Since the war, several manufaotories have ueen t
etsab lietod, and others are in course of crun1'rlo:
t:,n oi the line of the road, which will ad-d iiu i-h
'o tl ricerpts of the company. It pasi.I tcl.ni',ih1
tr :.e if tle richest ani Iitoot prdu :tlve, crt -,Il
lar d. I the- Cn'h, and it corinot he doute I t: a
,i .( re Io.aty years ela;pse, large anultactVtorits
;i1 be retnbli-tlFd to cortinie Ihut s5rp e.
hLen the road is extended by t:.e way of
' Ir(in to tle Ternnis-ce river, this rtrrntlng a
, . otieclin with Memphls and Charleston, and I
te Naswhville and ;elms roado, as or;itially de
-'rn:d, tLe couupany will have one uf the mot t
vs!lable roads in the South. Traversing, as it
v i d. a country of immiense fertrnty arid iur-.
hli -till resources, it would brine neP ii-IIs into
cl'trvatl ll inrease the commerce tf the , ,th
sLit vuati) augmnent the trade ,f this city. \e
hA.e Lto dilutt that as hoin as the p ,lit '41 Sil
t:ii ;,!i tw H cow lra'3 ze ever lrin-:m1 -,f in
i:: 'rs in Il:s settion, are ci ttled, c ii'4! its will
te.t il, if tli creat erit·errllie anoi Oce that it
ie a.t, urjlihtd.
- it would be somewhat dimlicult to ascrcain the
jr .rCLt volue of all the franchlses .1 . poperttv
,ii, wtwr ai by ILe ciompany. nor have we deemril
it Vet') Ipotrtaut. A carelul InveStigatl-n of the
lit.laLcis atiafies us that they are soveit and aom
tI" able to meet all the demands acsinrst thon.
We have examoined, hlowever, the real esto'e,
<except a lot at Acbereen.r depot-, mac-.i-e
sLr ps, rolxrg stick, e'c.. adi ascertained from t
SIt- li ks! t e origiial ctcst, w:.ch we asiise to '
bh~r Ih- n tie actual value when purhhlierd.
l hrrte is onie remark, h.w r , -vir. r ..ie ,loire :
t mtirie: It is, t;at shenU embarrassed io tti-ir
'ecuniary cirW nleLtan -es as thls i orii >R.y on
- it I- i, ridenr e wrouid heve dictlrtc I ti-at
tl. y ehooldi not purchase any more rea! ,te
Il.au was necessary to the proper workiug uf tile
tiId. he Ofind that the corp ,ration owns the t1l
low ,:g real estate :
At New Orleano eighty acres. coniing 11;
1'5 I.: at (anton thlirty -ix and ., s -sn mllrtt .
Sioting (li;1 :I : at -l ,.rdi ien. ;ortv-twv o tn i 4
Lailf ate. ro.ticg $";.", ,' : sverra -;ai; '.
il "'.; nlaking in the agygregstt tio saito i
'Ihe isces. i .l s e ,f ite conttnry did i, ,*. to ort
udm r ent, rIt quile so ,arge an expenditure cir retal
In ie:tir e to the present directors it is proper
to rorirerk that all the reil e,.a:e. er- -;pt iv,
er oIl i ts, oticitig orly 9 ..-0 2w. an-I , th y' p zil
Ift r in L nfederte mone9, was tur.,se-. long
otro re they had any control over the rud. 1
NeSrly all their peculary emharrassrmen's 'aver
gtin out of the disastrous i-vol war alt-h *' I
rceontily waged on this section if the Lai :-. The
ri-as was the victint of both ar-ies. It s-ems tl:at
i-n the 24th April 1bG62, Gen. L.-vell, of the " Con
federate army,"' toek possession of the loc~m,-.
tines and roting stock, and removed them to that
part of the road runnmig north of Pontchatonia.
whee they remained under hise exclusie control
some twen'y days. At the expiration of that time
they were returneod to the oompany, who contin
oed to managpe the iame dunring the years 1(;2 I , t
and part of ISi;., np the asurrender of the depar. 1
n ent by (;Ger. laylor. The tirectors established
he domlcil of the company durtng, the war at
Canton. In May, leis, the capital of Misappi
was captured by the United States forces and
much of the road In that viciitty wn torn up and
cestrojed. Doring the years la,3 and lasit, the
locmotives and rollIng stock, with very few ex
ceptie, were destroyed or damared to asuch an
extent by the coesediLng forces as to reader them
wheolly unt for srvice.
On the 24th of June, 1865, under the order of
Major General Caby, semmaulag ths depart
-ei as col y teats isoeld is seon
of the road, and thej jooeeded at enae to repair
the damage aed pet Ih tm ulng odere. At this
time it wasu i pretty good oeaditio as far as
Ponchatoola, 47 miles north of this city ; sad from
that point to Brookhavea, distant 81 miles, most
of the bridges had been destroyed. ad the road
had rot been used nace the spring of 1463. In
the meanwhile the luxuriant vegetation of that
section of the country, with its shade and mois
ture, rotted the pine timber used in Its construe
tion, and three-fourths of the ties had to be
rteplaced, in order to resnder i: safe for the transit
of locomotives and cars.
From Irookhaven to Jsekson, 55 miles, the
road, although much diLapidated, was still be4ng
used, with the exception of 2k miles immediately
south. of Jackson; from this last point to Canton,
23 mule, although much out of repair, having
been repeatedly torn up sad seriously injured,
was still used.
The amount of rolling stock turned over at the
termination of the war was as follows: Three
locorotives. two of them damaged and partly
burned; two second class passenger cars, one
first clam passenger ear, one baggage ear, one
provision car. ltoear box car, two stock cars,
eleven flat cars.
the amount of rolling stock turned over by the
rilitary sotherlties of New Orleans consist of:
O()e locomotive, one passenger oar, four box
cars, ten fiat cars, one baggage car, two cattle
cars.
Of atl the depot bnildings and platforms
attached, wood sheds. water stations and division
houses, which were in complete repair In 14,;2,
there remained only the buUidings at Osyka, Mag
nolia and Sunmlnit, the remainder having all, from
time to time, been destroyed by the armed forces
in their vicinity. Compare this with the stock on
hand in Ibol, and it will be seen how mouh the
company has suffered by the war: Forty-five
locrnmotivee, seven of which have never been
attached to a train: thirty-seven passenger care,
eleven never having been seed; ten baggage and
express cars. live hundred and three treigut and
hand carp.
Under these disastrons cirenmetances, with not
a dollar in the treasury, the directors proceeded
w.th conrenidable energy to put the road in com
pete repair, and on the 30th October, being four
months after they had received it, their trains com
nreniced making regular daily trips over the whole
road.
To rebuild and repair seventy-eight bridges,
construct sixteen drains, measuring 3100 lineal
feet, place on the road bed 4200 di, build depots
and stations, purobhase the necessary rollihg stock,
tools, etc., with nothing but their Individual credit
and the earnings of the road to depend upon, and
without increasing the debt of the corporation,
entities them to the highest degree of praise.
Hiviog made these general remarks, we pro
ceed to speak of the principal losses which have
enobarrassed the board and prevented them from
exter ding the road.
I hey expended on the road north of Canton the
satl of $or;7,s;t lo. 'lhe grading and bridging
were complete and ready for the rails; these rails
had been purchased and were in New Orleans,
where some of them were stolen and others
seized and appropriated to the use of the federal
government. The value of these rails was 5wu $19-,
040.
At the end of the war they found in their treas.
ury Confederate money or obligations, witch
were of course entirely valueless, to the amonut
of $9!'3 ,02 52.
in consequence of the destruction of their
rolling stock they were compelled to expend
for locomotives sad cars alone, to replace
them the sum of Si,:3.2C,4 41. During the war they
had purchased .50 bales of cotton, which were
destroyed by the C(onfederates when they were
drive n out of Canton. This cotton was of the
value of f+0 t00o. The aggregate amount of these
losses is $2,404.171 03:-quite sufficient to embar
rass any company.
As the road north of Canton had been aban
dot ed since 1t62, at our request the board ap
ponted an engineer to report its ureseut con
dition and the estimated cost of putting it in
of der to receive rails. An excellent engineer,
Major Green, was selected, and his report is here
with filed, marked " C." From this it will be
seen that the sum of $1*1.24 Gil is all that is re
omired to restore the work to its original con
tition. It wil also be seen that by the expenli
tute of 63,P:,u ::19 twenty-six wiles of the road
will be ready for rails.
INJ NCTION,
In regard to issuing uijatutions we have not
itt it ed t lrtiossary to rater to many authioriies,
is the prILcleliir governing them are well set
t.ed.
In the case of Bonaparte vs. Camden and Am
o,(y) Ilailrn ad Compauy, Il.e court says: " there
is no power, the extrcise of which is more deli
cate, which requires greater caution, delberation
aId - uLd diocretion, or more dangerous in a
doubtful case, than the issuing an iujunction. It
;s the btrciug itrm rf ealuity that ought never to be
exteictd utle a to ca-iea of great injury, where
c",tats iof law cannot aftrdl an adqiluate or corn
meLttuate r.nedy and dlminages. Ioe right must
he i'ear, the it ury ingrling or threatened so
as to be anerted only by the protective preven'ire
i rorees of iljuncti-tn, but will not be awarded in
lmutitul casts, or now oces, not coming within
a el ectablhlcd principles; for if it it used erro
Ie usly an Ireiarable injury is ilti:tted, for which
'tere can bh no redress, it bci'"g the act of a
., ort, tot of W patty who prays for it. It will be
it .:o until tne curt issatti-dd that the case be
frit the ni is it a right about to be destroye , irre
parLab ILnjured, ior great and lasting i:ij iry ahut
to ,e l I.et in illegal act." :'ee Baldwinu'i RI
Sotrts, 'tou!ue 1. pages. 21;7 and -I'.)
':.ie Li i) in disca is g the tsuject of sper i tl
I r, , tI'LSN atid of the jari-dict:on of c-,u ts of
t,lmtiy in tteCr ( aspe, used t hetoluowo q ila'i n kgiu :
S1 it ixer, :'- t iti- attended witt no -:Mai ;ta:,er
t oth Iroun is suutiruy nat:ue aoI its lisbtrity to
aB:-e. It o,.ght therelore to be guarded with ex
tri me cas u sat applied only in extreme cases.
otherwise, inrte,.d of becoming an Instrument to
Ire lrottie te lIpublic as well as private well.tare,
UH y tecome a moans ol xt-n-ive. and p-r:api,
lr-, arab!r injustice. ( ee tS:orys' Equity, vol
utne 2. page 27 )
" If tIe c:r-t plny" are as'ting ,-i-t f!,f7, wit'hin
': ir au hriity. there is no eqiitc to iuterlere, al
ti otgh the court mray think t'hat the conmpany is
ri't e.ercrsitg a wise Giacredtn.'" (Adams's
Nor wit colrsor chanceryinterfere by injnec
t;on to present a threarteued wr iri. inueu the
, -rger is in rirout aid it, i, y i iemri liahle
in asle other lurmu. ' (lat McLean, C. C. Rlplorta,
b bit,. i t:d down thi-e general prnciples, we
nrw pJitt.d ti e-swer Iia sev--rd que-tions
ncstiid is- to nuer lt tiie honrabi leotarr:
ires --"I tLie I I ery in danu-.r i-f waste or
i tt". I.'" ]o lt.;t we la e n,) h.'tatl ia in
I " ~-p LLiiL i t til ,egat ive. Itle gEc:eraIl tlsuper
, t.e po-i: oin ml 1 ,e ot.pics aun the liro-i
dint ill dll - tlr.s re .-hl:'t'g tirniatly ltur the
it tinatO i-li t irs -of thi Iwto
tcotl.d- Iliav there been asy i-cgu Ipra-tio
t t.e tart fI t.:e ll 'eis of th. rm:otny? It
wili be sieen il tie ieC(edine pI;rt t tit;- report,
iti tt ie c ,t-; ai-y !, 1-,l, .... - -: . - a 'r.r,- iian
t :yJi to :t.i. We re.i-r:Jd ri twm- t i, i'te
'.1i'i 1h i- niet. that cTrp rante pow ar- nr vcr
to t e crt: it i by iml-l ·.llot,- tr r etx r!.!' I- y
erci-u e o'5 I rr iJlts than ti,-e c >. -llt'td ty
:1,ir clanrtis, or tnt e,,t theret-,, l'ioi ,
i.t, unt?* 1 aroo , I i'rc't .\ tol. -ic6 .a l.ou.
Ilhis charter did nta, in our pinion,confer
i(n tLe -,m-pany abhe t,twir to tr uy i titll
i'n, t· ,a s se,-',' n t ,he ,, • ii
-I ti lS lnaer t:i-.4" t soiti bectule etuc'r, vii
I "i- arc-o, I :'- i, i i 'ii t diol.
- cers, we think ltat it wa, ente-'-, juittliale,
--,2 aeCertri lt i 1]-0 :I1d .t-' I::nike a oin:'ar
('·- ( .( · ti" i€t-,' -it. ,--.Liu t itdu( auLiOJn..li g ti
the sun, o f i 1- -- t -2.
e Lave ai:lr- y directed the attention of it:s
lithoratlic cocurt ') the tinre of the company t,
curty 1 I.t the agrnement mie on the 2't):h A-' !,
]-, I., rtcard ti, tie estsabhishneot of a sir.!, g
Iris.J, :-d hLave no de-Ire kto tiake- any further cit:i -
nens tupon that subjict. except to say thai the
It-ase n tory be ftuntd in that portion f io:i rei-,rt
where we speak of the pecuniay embarrednmeunts
aL icih thev bad to encounttr.
I1 nrd-ilid the comp-any at Illepgally tr perpe
trate a fraud rttpon the bond hulders under the
thit norgape by paying in preference the con
il nos altached to the second mortgage?
If. as is slieged in the bill of complaint, the
company refused to pay the coupons issued under
the t;rst mortgage, and aptropriarted its funds to
tire saymtnt of those belonging to the second,
tl is a s an act of wjlstice to the complatnsot
and other coupon holders. and whbolly onauthor
izid by law. 'The first coopocs had a priority of
lien, and should have been paid before the second
were d.harlged.
Fourth-Did the company act llegally in dis
chargins a portion of the floating debt contraeted
irror to 1862, whilst coupos ona first mortllgage
rmatined up aid ?
It is true that all the fund of the company,
after defraying the aecessary expenses of the
road aboul hare bens held sacr ter te use
and benefit of the holders of these coup ,as, bit
Ili this case, we thins that the exilungluhmeot I,
that debt was jastiiLbt I mearly all of it had
asseaued the form, of judgmenlt, .ad exeer'tou
were about tnlo be lued, nuder wih,. the rollinl
stook wuo.d have bveu sold; ladead it wae the
frst duty of the directors to protect the proper'y
of the eompeny from setsre and sate.
Fifib--Wheithe or not it was illgltl obr the
directors to ieus bonds under the secoed wort
gage, inasmuch as the Legislature of LestaNeas
parsed on the tlh March, 8l5i, an act sately
authorising them to borrow motney "for the con
struction or repairs of the road ? "
We have to say that we do not regard the tesue
iaee thereof a violuson of tsls law.
We believe that, if the directory, in conducting
the legitimate buslness of the corporation, be
rame.through losses or misfitunes. embarrassed
iu their pecuniary circomatancee, they bhad the
power to borrow money to relieve them. To food
or retire the ouopt no of the Irst nonds, which
they were unable to meet as they mauored, was
not. in our judgment, an illegal act, and as it was
ent.rely divcretionary with the holders to come
In, (r not, ito tha arrangenment, no fraud was
commilted.
In rt gard to the arrangement ra 'e with the city
if dew Orleans,. for the redemption of the small
nl.tea sseaued ,by the company during the war, we
hate to ,ay that the balance stll due to the oi'y is
now reduced to lI6,fkU0 63, for which a note has
been gives, maturing 7th May, 1869.
At frst we were inclined to the opinion that the
read was not economically managed, as the Ioter
e-ts of the saockholders required. hbe large amount
paid to employ(s. simply in running the road, at
tracted our attention and demanded explanation.
in the last annual report. under the head of
"road expenses" for "labor," pay of agents
and clerks," "conductor" and " train hands,"
" engineers and firemen," an aggregate amount
of 14h2,lti 21. We therefore called upon the
secretary tur a statement of the pay or wages,
sod of the number of employee engaged on the
road, from which statement we find that the nonm
ber of employ a is seven hundred and fifty-four,
and their monthly pay about the umta of $40 0410.
We have no meaas of determiolng whether or
not ruth a large number of pe.sons I required to
work this road. It is safe, however, to assume
that the directors consider their labor neuessary,
and they are the best judges uoon this point. The
salaries acid wages paid are not extravagant.
nrcurvua.
" A receiver is appointed by the courts to re
orive the rests, tsses, or peolte of the land or
other thing ia question, when it does not seem
reasonable to the court that either party to the
nut should do it." (Edwards on Bee., 2.)
" A receiver is appointed sometimes, but not
usually, before an answer, unless fraud is clearly
proved by affidavits, or when It is shown Immi
nent danger would ensue if the property were not
taken under the care of the court." (Vaughn vs.
Brenett, 2 Brown, ch. c. 157 )
" It must be. however, a strong special ground
to induce the court to interfere before an answer.'"
(Middleton vs. D)odewell. 13 ves. 266.)
" A receiver will not be appointed where a de
fendant is in possession under a legal estate.
*ThiL is the rule in ordinary cases, and it is only
departed from In cases of fraud elearly proved,
and of imminent danger if the intermediate pos
session should not be taken under the care of the
court." (Lt.loyd vs. Passingham, 19 ves. 59.)
This honorable court, in the case of "Grifia
and Porch et ai vs. Mark Hoyt et al," need the
following language :
"This tour, is, in general, Indibposed to appoint
receivers of property involved in litigation. It
dieturne possessiona, prevents the active admianle
tratihn of property by thtos who are interested
in it, and places property In possession of offliers
of the court, of whom the moat that can be re
quired is to preserve it, to abile the final decree."
In addition to this we may add. that we consider
the rule well established, that, when there is a
corporation with a large number of stockholders
interested, the courts will not take charge of their
tr- ncnies snd property, unless there is groas
ri.nD auagenent, or an illegal and improper use of
the ftrds.
'lh. is a railroad 206 miles in length, and is the
principal link in the chain connecting New Orleans
with the great cities of the Noith and Wst, and
we are autlted that the intere-t of neither bond
I-o!dera nor stockholders would be promoted by
the appointment ot a receiver.
The present directors and officers are practical
men of high characterad standing and well qnal
ilied to manage the aflairs of the corporation.
Besides, we do not doubt, so far as complainant is
councered, ibat a deciee of your honor directing
lse coupons to be laid in preference to those
i-,r ed 'noler the second mortgage, would be
promptly obeyed.
cotacx.retoi.
We are under many obligations to the president
and directors tor toe facilities which they afforded
is it, the ciecharging the duties imposed upon us.
In the comse of our examionation into the finan
cial affair, of the company, we were compelled to
verity the coriectn'es of the annual reports, and
obtained a grew: amount of information not found
in t!i m, and to tilr able and faithful secretary and
treasurer, Mr. (Charles, who has been identified
with the road from t.a organization, we are espe
cially indebted. The compsaiy is certainly for
tunate in havirg the bo ,ks and papers kept in the
mo-I excellent order. All of which is respectually
rimutted. t-gned ) M. . CosN,
(Signed) Jont B. WKLt.KL.
Masters in Chancery.
-i ..
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aU li i
!' t'! ;
Wream ,r im N. a e Osis]
aTUs 02U wass rew T" e d T.
Sr Ival, eas wsass meows
Please, r. Edter, sal lo a'lowe the Uberty
story. It$ sabot servsmta, I l. itlk B se
fusina fwr ladis t eempl sheebt amut.s, how
iss one s'a sober, mn that e 't hoesssau
the other one ain't worth hr malt, etc. Bat while
they are talting about mfr trials with their serv
ants do they ever think about our trials with them.
I wonder?
Whmaver te ladlee get together, mtead of
talking about bacms mause or ower, o e me
thing you'd think kiadm sitable to them, the rast
thing they do is to pick a the poor egrvsts to
pieces, then talk some als Uttle tale about some
of their friends, and theh hater dOesqa. Now I'd
like to know what is the sam of so much money
being spent na lady's learning if Itl'4gltlvsr
one idea more sensible-like than her pobr asigh
bor acroes the street who takes in washitag has-.
I'd just just like to know if it ain't money throws
away.
Now, this morning Mrs. Snooks-that's my ma
dam, you know-had company calling all the mor
nirg. ard as I am house girl I answer the bell and
show the company In the parlor, and if you will
believe me, tilt one word wiser or more senaible
did I btar talked by them quality ladies, than they
w ould have beard if I'd had company a the lit
obea. and they'd a listened. My madam that I'm
ivring with now is a very pitc one as they go, bat
then r've got my trials with her, too, and theyala't
always such as is pleasaat. We servants lke nine
eating as well as ladies and gentlemen, but when
we come to the table all the teoderl0la is eat out
the steak, the strong coffee or tean al dlttnk up.
the nice table butter gone and secoad rate oan il
its place, and we have to drink common brown
sugar in car tea, no matter bow delicate our
stomach is: some madams never have any dessert
Ior their help, nor preserves, nor qheese, nor anay
nice things at all; and then sometimes they get up
wrong foot out of bed, and there is no pleasing of
'em, they'd Bad fault with a ssiat, much less a
poor girl who ain't no better than she ought to
be.
Now If you'll let me tell yeo a little I'e seen,
you will e that there s two ides to the saoe.
and that our side dint always the blackest; I It
tell you abshout a different madam each week, till
I've gone through all my experiences If as
how you see ft to put it in the papers,
I'll be more'n proud, and maybe 1'U
to ii you the experlence of some of my follow.
servants, for you most know we talk, too, just
like the ladies do, only we pick our madams to
pieces and they pick ns to pieces.
You see. I'm an orpha girlt : that is to ay, my
father is dead and my poor mother is a wider, and
as she had five otherlittle 'ons to care for, she
coldn't let me go to school long; so, its.litle
sehoolin I've had, which sc :outs toe my blInders
in writing this. She had to put me out to help
urn a little, when I was only twelve years old, or
there abouts. Well, she felt mightjubious about
putting her little girl away among strangers, but
poor folks arit got no business with feelings, so
she had to put her's in her pocket, till suoo time
as she could gig money enough to take 'em out
and air 'em.
(tne of our neighbors who took In washla for a
livin. told mother of a place where they wasted
a little girl to mind the baby, and mother took
heart and fixed me up reat nice. and to ik me
rounnd to show me to the lady. Well, she was a
mighty nicesoft-spoken lady, and the baby was a
pretty little fat dumpling thing, that I thought
I'd be sure to love, and so I did, for mother and
the lady agreed, and I set right in. I was to mind
the baby, and do soy little thing Mrs. Peters told
me, and that part was the rub: she never could
abide to see me Idle a minute's time ; she didn't
think I could ever get tired and need resting, but
the minute the baby was asleep I must be sweep
lig, dusting, rubbing the furniture, or cleaning
the glass or somethntg, and at night I most rock
the baby to sleep, and then sit in the room with no
light but the fire, alone most of the time, anm she
wouldn't even let me have a book to look at--she
didn't like reading servants, she didn't ; and then
she'd sit right before me and eat cake, or candy,
or I roit, and never say " Steos, here's a pieso."
Now, wasn't that mean, before a child! Ito,
altogether, I told mother I wouldn't stand it, and
she took me away, and becamse I didn't stay my a
month out Mrs. Peters wouldn't pay me a east
for what time I'd been with her. So that was
my first madam. How do you like her !
Susts.
,Fr the Suday Creeesnt.]
P. rP OES rOW T Ee POE TE .
;Y:/ I,n r ' ,>s-Feeling in a pecuharly ami
able mood I desire a word with you.
I have just finished reading all the poetry in a cer
tain weekly newspaper pubiished---- wou't say
where, for fear of making enemies. Eaem:es are
disagreeabhle and I ha:e them-all amiable people
do-therefore 1 get along with as few as possible.
Dlr. Editor, what is the matter ' fIas the inven
tion of printing crazed one-half the world's popu
lation and made fools of the other half, or is it the
other way' By what law of physics are we to
account for the amount of poetry written now-a
days' (Of course you understaod that I call it
poetry for politeness sake.) This being undor
stood, let's go on.
11 ny ideas on the subjoct are worih a countter
leit c'opper cent, in uiutiited paper carrency,
then the thing star:ds jevt this way.
It Is as utterly imposoible to write poetry with
Sat t itp a poet as it would be to chop a pig's
tail ,l with halt a ponr.d of souft soap ; or for a
Crumb Imau to talk banLkrlt by reaso,:s of having
hals his house built by a HigirLDutch carpenter;
,r for a poor man to get credit on the streongth of
a leog no'e; or torany)thing else to hilelie
n hich is eulally abosurd and'contrary to tioripture.
It ils evPrun muls so, for all these ioig'lt oiccur
'hr~uh i.O t.tquake, a oret. a red hll''led
etcle:i'si'lt or r,-?e ornr extraordinary aclldellnt:
iliu' ILe t cet I IinesL behllUIs to that small aid
helect t tic ut aclrnts sLioh UnCver hLappn-
t v n acO "lr 'i:ly.
I don't pretend to salgi, a cntse for it, btt the
grect oi:s im those watllttiotig what may be
seiltd i;ew.mi.lule petry seem to cotiait 01 per
s' i. hbi:r vocation to the art is chiefly a taste
tfr jlung a laste, by t.e by. not iuvarliably
grati. d i te ttemtnu' il rompted by it. Tueir
S'n: : ' :'i IC - lit fi. r tle riot part emlrac.dl in
arn iti ticlrh't car and a fudlilTy cooloites arising
.I-, lii tl reatlieot of their mother-tungue.
,ews~aider pu:try slie roinc'se im f·arf!Ily and
wi reI tl: I i.~ide: st.t the greatest pert or the
w' r. r i. lyv it was made at all. £be people
vbl, Sri i. It pot queatious to Nature wLi'h are
i t rI'y t 1(11 the ,oor dane's p'w :r Ii an-irer,
tIt trtn m krt.le, e as til y tai,.ik, Iteludzou ily
hci iso-e tley taillo f a relly. I don't wish to be
i aid on th m, but why do they do it?
Itey seeik the rewason ofI thir belt'g--iocomlprs.
let'.l te :uted -iu lii:ne which, he tlie.r own
' il'idlty ri' inllte-Silii r.d Lii iltUinaol e ralile.
They n,.it.e:le Iathia tm be a bi iulii.elS ihbii of
L tairii 0 a' iI 'i , it thy . i . b., a m stars,:y as
I. nio t rtllell I f a OKE
Ihte essay tlo scale the ,lif Of 01 enlinlity ai.l
lose tleir fouirmg buefre thL.y htl ml.i way, slip.
pig dotwn in the most undIgolfi-d manner-a mino
ner in faet whibch would be to the last degree
langhable except that it is so flatll foolish.
'L1e trilg' iis blaiotIer weak Pr;int: bl:ghted
h, a ,. 'ck Fast. er.d a h'acker future. the
,l"i-;y. as tie i' -i.an ciid ol the hot potato,
is to tU .. 11i1 tlm, ia:it end i, the dvaileh
t r I .i · a : Ie heOwerv . fir henl, the der;csh
t! i: g I a ri. r;ghl end. They " saw rthe
ar thLus," an tear pasm(ol0 to ihe very
er. e:l.,,t if let's-. Es:i thlu they don't split
a i ,'y' ears. W,'sges are hard aid the wrds
ot tI*s. poeters are like their heads, essentlially
ic :1. J,. bew.:: soes which never hadexistenm •
in i ~!t e t!at wou:hd rt nder ladicrons the tortures
of Ili'c n,, : and ver make-believe sorrorws sob
t1,. 1r reamer· to l.,p. In a word they are weak,
'.L,1 as t,tso remarked to his friesnd, " to he weak
ie iiserable ; ol.ly in this case the doing is all
tlelr owne. and the suffering all ours.
These misguided ones, too, oceupy a great deal
,t space in the joornals which might otherwise
Le fi led with more interesting artlcles on turnips
or impruved pigs. lIdeed anything would be
bettler that had a brmer fooundation than the froth
aLd C)labub brhinsof hnumanbeings wha would do
.niertiiig more usentl. I sunpose, II they could,
aid doobtlem could if they khad msense enough.
liaer all. the posi;ive evil they do is not great,
ar d he would be a Don Quixote in truth who abould
run a tilt at the nultitodlnoua srray whoe anrme
resolve as uneossngly, and whoel live, if aolt as
prufltable in their resnlis, are a entirety "a
mem'd horrid griod," as the good knight foood in
his siry oppoeaste. It is merly in its weakesnig
eftet that I really otetoo thin spoon- victouli
if literature; aid Ioe that mtter, were I cesor.
I'm alrid the htasry p oetioof aet newspapers
wuald he adly deeked. t. ihn, I'm ms, no it
donL't maIte. 'm a old fg, perhaps, ad be
hind the sage. I believe I'll go read Solomon's
iong t pat matI splMts.
SProrsi PmusWA~ra
Jzxmpr. , II, 'O.
