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Daily Paper $8 a Year', fl^?fe
BY JULIAN A. SELBY.
"Let our Just Censuro
Attend the True Event."
COLUMBIA, S. C.. TUESDAY MORNING, DECEMBER 1, 1868.
Tri-Weckiy 85 a Year
VOLUME IV- KO 21^.
THE PHONIX. I
rqauRUKD DAILY AND TRI-WEEKI.Y.
EVERY WEDNESDAY HORNING.
8Y JULIAN A. SELBY,
EDITOR AND PROPRIETOR.
Office on Main St., few doors above Taylor.
TERMS INVARIABLY IN AD VA iV
Daily, 6 months..$4 00 | Tri-Weekly, 6 mos...$2 50
Weekly, 6 months.fl 50
Inserted at 75 cents per square of nino linos for
tho first Insertion, and 60 cento oach subsequent.
Weekly 76 cento eaoh insertion.
BW A liberal discount made on the abovr. rates
vshen advertisements are inserted by the month.
AGENTS.-Hiram Mitchell, Spartanburg; J. R.
Allen, Chostor;S. P. Kinard, Newberry O. H.?Jas.
Grant, Union; Julius. Poppe, Anderson C. H.
Acts Passed by tho State Legislature.
An Act io incorporate the "Home Insurance
Company,'" of Charleston.
SECTION 1. Be it enacted by the Senate and
House of Representatives of the State of South
Carolina, now met and sitting in General As?
sembly, and by ine authority of the same,
That the persons and bodies corporate who
shall become stockholders ia the manner
hereinafter prescribed, aud their successors,
shall be a body politic and corporate, under
the name, style and title of the "Home In?
surance Company," of Charleston.
Bac. 2. The capital stock of said com?
pany shall bo two hundred thousand dollars,
to be divided into eight thousand shares, of
twenty-five dollars each, and shall be raised
in the following manner: The following per?
sons are hereby appointed Commissioners
to receive subscriptions to the capital stock,
to wit: Augustus L. Tobias, George W.
Williams, F. J. Pelzer, Henry Cobia and
Henry Buist. The said Commissioners, or
a majority of them, shall open books,
within thirty days from the passage of this
Act, at each places in Charleston as they
sholl appoint, from 9 o'clock of tho fore?
noon uutil 5 o'clock ot' the afternoon, and
receive subscriptions to the said stock: Pro?
vided, The said Commissioners shall have
given at least five days' notice by advertise?
ment in two daily gazettes in the city of
Charleston of the time and place of receiv?
ing subscriptions, and shall require a pay?
ment of five dollars on eaoh share, to be.
mode at the time of subscription therefor,
payment thereof to be made in tho natioual
currency of the Bank of this or other
States, or in the currenoy of the United
States, or in stocks or bonds of the city of
Charleston, or of this State, or of the
United'States, or other good and valid se?
curities within tho United States, the stocks
or bonds to be estimated at the cash market
value by the Commissioners: Provided, also,
That the Board of Directors sholl have
power, in like manner and at such time as
they shall seo fit, to increase the said capital
to the su m of one million dollars.
Ssc. 3. The subscribers paying their sub?
scription money, respectively, shall form
the company upon complying with the con?
ditions and subject to the provisions herein?
after sei forth.
i . ?ap. 1. That if, at tho opening of the
Vooks, more than eight thousand shares
'sholl be subscribe,*.!, the Commissioners shall
distribute the eight , thousand shares of
which the capital stock is to consist among
the subscribers, as nearly as may be, in pro?
portion to the number of shares subscribed
by them respectively; but the subscription
pf twenty shares or less shall not be reduced
nnless the whole number of shares sub?
scribed for cannot otherwise be reduced to
SEC. 5. That in case the number of shares
subscribed shall be less than eight thousand,
the Commissioners shall roceive further
subscriptions to make up that number at
any time within one year after the first
opening of the books.
SEC. G. That the said company, ander its
corporate name, shall have succession of
officers and members, and all tho powers,
privileges aud franchises incident to a cor
Eoration, aud shall bo capable of taking,
olding aud disposing of their capita]
stock according to such rulos and regula?
tions as they shall, from linn; to time, estab?
lish; aud also of taking, holding or dis?
posing of, or investing tho increase, profits
Or emoluments of their said capital stock,
and Bball have full power and authority to
have and uso a commou seal, and the sume .
to alter and renew at their pleasure; and by
the name and title aforementioned shall be
able and capable, at law and in equity, to
sue and be sued, implead and be impletided,
answer aud bo answered unto, in all man?
ner of suits, pleas, demands and judicial
proceedings whatsoever; and they are au?
thorized andj ompowored to appoint a Pre?
sident, Directors, and other necessary
officers, at ?neb periods and with such duties
as tho said company shall soo fit; and also
to make rules aud by-laws for the good
government and management of the officers
of tho corporation: Provided, The said
mles and by-laws shall not bo repagnant to
the Constitution and laws of this State and
the United States.
SRO. 7. That tho said corporation shall
have richi, aud rsower to aeauire. nuschaso.
take and bold, in its corporato nanto, lands
and real estate, and the same to den? iso,
grant, sell, assigu, exchange and convey, in
fee (simple or otherwise: Provided, The
clear yearly income of the real estate so to
bo held shall not at any time exceed ten
SEC. 8. That tho said company is hereby
authorized and empowered to make con?
tracts and underwrite policies of insurance
and indemnify against fire on buildings,
goods, warep, merchandize, shipping and
other property, lying, being, or deposited
in this State, or elsewhere, as well as in the
city of Charleston; and, also, to make con?
tracts, and underwrite policies of assurance
and indemnify upon marine risks, whether
of vessels or of goods, merchandize or chat?
tels, in whole or in part, foreign and do?
mestic, whether upon the high seas, or in
foreign ports, or in ports of the United
States, or within any of the rivers, bays,
creeks, canals or waters of this or any other
State or country; and, also, to lend or ad?
vance money upon bottomry or respon
SEC. 9. That in case of any loss whereby
less than one-third of the capital Btock ol
the said company shall be lost during the
continuance of this charter, no dividend shal
thereafter be made until the deficiency shal
be made up by the stockholders of the com
pany or by the accumulation of the profit,'
of its business.
SEC. 10. That if the capital of the com
panylbe reduced by losses to less than two
thirds of the original capital stock, thi
deficiency shall be made up by the stock
holders in six months after such reductioi
shall occur, and in default thereof, tb
affairs of the corporation shall be wound up
nud they shall cease to do business.
SEC. ll. That if the affairs of the corpo
ration are not wound up as directed in th
preceding section, aud they proceed witt
business, then the President and Director
shall be, jointly aud severally, liable to raak
good all engagements of the company en
tered into after the reduction of the capita!
but nothing in this Section shall extend t
any President or Directors who shall disseii
to the proceedings of the company in thee
particulars, and who shall enter his prote:
in the minutes of the board and publish th
samo in the daily gazettes of the city c
SEC. 12. Thnt the said corporation sha
bo invested with full power to enforce upo
their members the due observance of a
rules and by-laws for tho good govarnmet
and management of the affairs of tho con
pany, under such penalties as in and by tl
said rules and by-laws shall bo limited an
appointed, nnd to this end, if need be, slut
and may institute and maintain in the
corporate name against any one or more i
their members all necessary suits, actioi
and pleas, either at law or equity, for tl
recovery of any sum or sums of money
the use of tho said corporation in as amp
a manner as snob suits might bo maintain)
against persons not members of the corp
SEC. 13. That in all elections and otb
corporate acts dono by the stockholders
the said company every stockholder shall
entitled to one vote for each sbaro own
by bim or ber, or standing in his or h
name: Provided, That no stockholder sh
be entitled to moro than forty votes.
Ssc.'. 14. That one-fourth of the capital
the compan y shall be paid in, and satisfacte
proof thereof be furnished to the Com
troller-General before the said com pa
shall be authorized to commence b.usino
and the residue of the capital shall be pi
in at suob times and i:i suob manner as t
company may appoiut: Provided, Tho win
shall bo paid within ono year after they sh
have commenced business, nod evidet
of the samo furnished the Coinptroller-G<
SET. Iii. That tho books of the compn
shall bo examined, from time to time,
such person or persons as the General .
sembly may for that purpose appoint; i
the persons so appointed shall have 1
power to compel the attendance of witues
and the production of books and papers, t
to inquire into the management of tho c<
puny. In case of abuse or violation of tl
charter, the said company may be proceoi
against by sci re facias in tho Court of C<
mon Pleas aud General Sesssious in ain
the Circuits of this State, and upon con
tion shall bo liable to have their cha
annulled by tho judgment of the Court.
SEC. IC. That ut least one-half of
capital of said company shall bo perraunei
invested in stock of this Slate, or of the i
of Charleston, or of tho United States, o
good stocks of incorporated companies w
ai this State, or in bonds secured by l
mortgage of real estate, worth not less t
forty per cent, beyond tho amount invei
within this State; and thc company i
transfer and sell such stock, or any j
thereof, or dispose of or collect tho i
bonds for tho purpose of ro-iuvestm
whenever a due regard to the safely of
funds may require: Provided, Jwiorver,
said company shall not deal or trade
buying and selling uuy goods, wares, t
chandiKo, commodities or stocks whale
??SEC. 17. That no dividend upon tho c
tal of the company shall be declared exe
ing twelve per cent, ; any excess of p
above said per ceutnge shall be carried
surplus fund to meet losses and equi
dividends. lu oase, however, the pr
fall below tbo per centuge nbove specified,
the dividends may bo increased to that rate
from the surplus fund. The interest upou
the iuvesfmeut of snid surplus fund moy,
however, be unco in fivo years, added to tho
dividend and iistrihutod among the stock?
SEC. 18. The Board of Dircctoas are here?
by empowered to call in the remaining in?
stalments on the shares of the capital stock
in snob sums and ut such times as they may
deem advisable: Provided, Two weeks' no
tico bo given of each cull. And the said in?
stalments shall be payable in tho some
medium as hereinbeforo provided as to the
first instalment of five dollars.
SEC. 19. That this Act shall be deemed
a publio Act, and the charter hereby granted
shall continue and be in force for twenty
In the Senate Hons?, tho twonty-fourth day
of February, in tho year of onr Lord
one thousand eight hundred and sixty
CHARLES W. MONTGOMERY,
President of the Senate pro tem.
FRANKLIN J. MOSES, JR.,
Speaker House of Representatives.
Approved the twenty-sixth day of Februa?
ROBERT K. SCOTT, Governor.
COUNSEL FOR. THE C A II KL. KS.S.-Tin
body ia amachine, and carelessness in its manage
mont is as sure to lead to evil results as careless
! ness in e management of a steam engine. Ye
the last .ung that most people think of is tin
protection of this delicate piece of tho Creator'
handiwork from tho subtlo causes of disease b;
which it ?B surrounded. It is no easy thing lo re
pair the system when in ruins; but there is m
difficulty in fortifying it against many of thc dan
gors to which it ia exposed. Guard against nervou
debility. At the first symptoms of this fore-runnc
of more serious ailments, sustain the ?laggin?
enorgies of nature with HOSTETTER'S STOMACI
BITTERS. Tako it regularly and pcraiatontly
until bodily vigor ?B thoroughly restored. It ere
ates an appetite, promotes-or, it might as prc
perly bo said, compete-tho complete digestion c
i thc food, regulates tho secretive action of th
liver, tones and invigorates the bowels, improve
the condition of tho blood, and gives firmness t
the nerve?. Upon a system thus strengthonc
and regulated io all its important functions, th
[ fogs and exhalations of autumn, pregnant wit
the elements of intermittent and remittent fe ve:
! oan make little or no impression. Whoever sn|
poses that fever and aguo is an unavoidable evili
certain districts, at this season of the year,
egregiously mistaken. As effectually as a thangi
of cold air ia shut out hy the cloting of a doo
this complaint, and all disorders of a miaamat
typo, may bo prevented by tho Use of tho BITTEN
When uickneas can be avoided bv a means so sa
j and simple, is it not the merest fatuity to ncgle<
the proffered antidote? Regarded either as a pr
ventive or a cure for dyspepsia, bilionsncs
! intermittent fever, nervous disorders, goner
debility, or constipation of the bowels, this pu:
vegetable preparation stauds alono.
To I'unnumptivtK. -The advertiser, havii
been restored to health in a fvw weeks, by a ve
simple remedy-after having suffered soveralyea
with a severo lung affection, and that dread di
easo, Consumption-is anxious to make known
bis fellow-sufferers the means of cure.
To all who deaire it, he will aend a copy of tl
prescription used, (free of charge.) with the <
ridions for preparing and tining the Burne, whi
they will find a SUHK CUKE FOU CONSUMPTIO
ASTHMA, DU?NCUTT?S, etc. The object of the a
vertiser in sending tho prescription, is to bene
the afflicted, and spread information which
conceives to be invaluable; and ho hopes eve
sufferer will try his remedy, as it will coat tlu
nothing, and may provo a blessing.
Partira wishing thc preacription, will please a
dress BEV. EDWARD A. WILSON,
Williamsburg, Kinga County, New York
Feb 3 3m<
Krror? of Youth. A gentleman who suffei
for years from Nervous Debility, Prematuro Dcci
and all the effects of youthful indiscretion, w
for the sake of suffering humanity, send freo
all who need it, the receipt and directions
makiug tho simple remedy by which be was cur
bufferers wishing lo profit by the advertiser's
p?rim?e, can do HO by addressing, in perfect O
?dence, JOHN B. (XiDEN,
Feb \\ 3mo No. 42 Cedar street. New Voil
ESSAYS POR YOUNG MEN-On tho EUKO
and ABUSES incident to Youth and Early M
hood, with the humane view ol' treatment t
cure, ?ont by mail freo of charge. Addr
HOWARD' ASSOCIATION, box P.. Philadelpl
Pa. Jan 20 8m
The Southern Guardian.
THE publication of this journal will be renou
on or about the firnt of M AY, proximo
Editor* of newspapers, throughout the st;
will please extend thia notice.
Ternis, Ac, made known in a few days.
At.ril? C. P. PELHAS
The Reynolds Patent Plow.
HAVINO made arrangements with Wm. Ol
A Co., for the manufacture andoxclunive i
j of this justly celebrated PLOW, we aro preps
I to offer thom to tho country on good terms. G
toolH will alwavs be found a good investment.
Fob 28 FISHER. LOWRANCE ft FI8HE1
Drop in at the Carolina House,
ON Waehington street, near Main, and san
the compounds dispensed there-gent
liquors; no fusel oil or damaging mixtu
"Seeing is believing," but tasting is the cont
test. R. BARRY, Proprteto
PAVILION HOTEL, Charleston, S. C.
BOARD, PER DAY, .... $3.00.
Mus. H. L. BUTTERFIELD, Proprietress.
A. BUTTEBVIELD, Superintendent. Feb 10
S TOLL., \Y IO It 15 & CO..
WHOLESALE DRY GOOD 8,
287 I !489
Domestic Storo. | KINO KTBF.KT, j iJac0 store.
Feb 27_CHARLESTON. H. C. ly
LIVERPOOL. NEW YORK. BOSTON.
WM. ROACH A CO., of Charleston, S. C., have
regular Linea of Sailing PACKET8, to ?ud
from New York and Boaton; and also sor. " vessels
to Liverpool, Philadelphia, Halt imo?- , and other
ports. Their regnlar Packets ara despatched
weekly from New York and Bc .on. The advan?
tages they offer are, that ?theil rates of freight are
irocn LESS than those of s'uamers, and they ac?
commodate themselves ti . shippers. Insurance is
effected by their Lines at very low rat us. For fur?
ther particulars, apply to
WILLIAM ROACH A CO.,
East Bay and Adger's Wharf,
April 2 +lmo Charleston, 8. C.
THE Subscriber would call attention to hin fino
stock of JEWELRY. GOLD AND SILVER
WATCHES, of English, Swiss and American ma?
SILVER AND PLATED WARE, SPECTACLES
AND EYK-Q LASSES, in great variety, with tho
beat quality of PERISCOPIO LENSES, which are
adapted with groat caro.
WATCHES AND JEWELRY repaired.
Cameos, Diamonds and Precious Stones mount?
ed to order.
307 King street, Charleston, 8. C.
April 21 t3mo
PAN KUI N'S HEPATIC BITTERS,
THEY CURE DYSPEPSIA,
ARD ALL DISUSES Or THE
STOMACH AND LIVER.
THEY Aft! REComfrnniD ar tn?
HEGEMAN & CO.,
Ao ic NTS, janr lO??.
Mannfactnred by C. F. PANKNIN,
CHO?IQT AND APOTHXCAS?, "
OH A RLKS 'V O N, B.C. ?
Jt3?~JTor Sal? by Druggists Every tchcre.~?&
P U R N I T U R E,
Chair, and Sofa Warerooras.
DANIEL H. SiLGOX,
175, 177 <";'.' ITU King Blreet,
Cliarlcston, fi?. O.,
TTEEP8 CONSTANTLY ON HAND, A LARGE
AND WBLL-SELF.Ci KU ASSORTMENT OP
0 F THE J, ATEST
A N I>
MOST APPROVED STYLES,
Which ho offers ai priced which oaunoi fail to
CHAMBER AND COTTAGE SETS,
OF KVFUY DESCRIPTION.
Tile Brut Assortment Ever OfTcrad tn tilt?
N. B.-Good* narefnllv nacked for ?hipping.
March 19 f3.LO
ALL persons having claims against tho estate
of late THO?, lt. MCFADDEN, will present
tilo saino duly attested, and all persons indebted,
to him will niako pavuieat, to
"WILMOT G. Dr.SAUSSURE, Adm'r,
April IC f3* 23 Broad st., Charleston, B. C.
Brazier's and Sheathing Copper, of ali
sizes, lor sale by William Shepherd, No.
17 Hayne Street, Charleston, S. C.
Cn ARLES KERRISON, formerly of the firm o 5
O. A E. L. Kerrison, would inform his friend?
and the publia that he has purchased from Mc.
James B. Betts, a.'l his stock in trade, Ac, at the
Store No. 252 King street, and will there continue
tho DJ!! ^OODS BUSINESS, Wholesale and Re?
tail, for Cash, cn his own individual account and
responsibility. 13 o will proceed, without delay,
to replenish and renew the Stock, and continue so
doing until the assortment shall be made con*
plote and attractive. As the terms will be ST??CT
LT CASH, or approved city acceptance for a short
credit, it necessarily follows that the prices must
bo kept at least as low as to bo found in any othar -
His brother, Mr. E. L. Kerrison, assisted by
Mr. A. B. McDonoll, both experienced merchants
in this line, will be found at pis Store, aiding in
the conduct and management of the bnsines?,And
it is hoped that his and their efforts to win the
confidence and patronage of the public will be as
successful as in past days was .thc old firm, at the
corner of King and Market streots, Charleston.
Feb 17 Smo
New York Advertisements,
I! It A JI H A I< L , DEANE Ai CO.,.
247 and 249 Water street, New York.
Needles and Fishing Tackle.
ANDREW CLERK A CO. respectfully inform
tho public and their old customers, that they
still continue business in their old store, No 48
Maiden Lane, New York. Their assortment of
Fishing Tackle is thc largest and most complete
of auy in tho United States. They aro also Sole
Agents for tho Warrin Needle, which, for the last
thirty years, has enjoyed a reputation for quality
and uniformity of temper superior to all others.
ST. CLOUD HOTEL.
THIS NEW and Commodious
HODSE, located corner of Broad?
way and Forty-second street, Now
_lYork, possesses advantages over
"other houscH, for the accommodation of its
guests, lt was baili expressly for a first-class
family boarding house-tue rooms bring large and
en suite, heated by steam-with hot and cold
water, and furnished second to none; while the
culinary department ls in tho most experienced
hands, affording gnests an unequalled table.
One of At wood's Patent Elevatois is also among
tho "modern improvements" and at the service o?
guests, at all hours.
The Broadway and University Tl ace Cars pase
tho door everv* four minutes, "running from the
City Hall to Central Park, while the Sixth and
Seventh Avenue lines are but a short block on
either side, affording ample facilities for commu?
nicating with all the depots, steamboat landings,
places of amusement and bnsiness of the great,
metropolis. MORE & HOLLEY,
Marah 19 Gmo Proprietors.
Great Attraction at the Sign of the Big Hat
BOOTS, SHOES. HATS, TRUNKS, Ac. in
groHt variety. The boat selected STOCK
brought to this city Hine** the war, consisting of
Gent's, Ladies', 1Masses', B J vu', Youths'and Chil?
dren's Bootu, Shoes, GaiterV, Bur-kins, Slippers.
Ac, in every Htyle, color and quality, direct from
tho host manufactories in the United States.
fiALli AND EXAMINK FOR TOTJKSKTJVBS.
III Hut*, will be found all tho . latest styloa
Gencral Prim, Velocipede, Alpine, Kobble, Ac ; i-.
Cashmere, Felt, Wool, Panama, Leghorn, Canton
and Pea Brade, late style Silk and CaHsimere
A large assortment of Trnnks. Vulit-es, Carpet
Bags, UmbrolhiB, School Satchels, Ac.
Tho above Goods, in style and quality, will suit
the mont funtidious, and in prier will suit all.
Am il 13 A. SMYTH F..
J5EJ T 3S" A ,
HA li TFO RD, CONNECTICUT.
mug old .?PROTECTOR" strides along with it.'
X ?coa*toiiioil majesty. The official statement
in Jauuary last reveals cash ansets amounting to
tS 151,000, being th?- trifling advance upon tho
year previous ol' over $800,000.
Among American Fire Insurance Companies,
the ".ETNA" stands out alone in point of wealth
and income; tho magnificent result of a half
century of industrious, honorable and woll direct?
Th ? aaset* of the .Etna in 1819, wore $59,000.
In 1809, they amouut to $5,151,000.
Risks taken on reasonable terms, hy
OKO. HUGGINS, Agent.
Office in rear of Dnffio Chapman's, nnder Hit
Coliunliia Hotel. April 18 6
?AM now prepared to snpply Oak and Pine
WOOD to anv one, on chort notice and at rea?
sonable teruiH. "Apply at C. HAMBERO'S,
April 1 Imo* Noar Charlotte Depot.
?7 tr KITS No. 1 Bav and Shoal MACKEREL.
I t) CO Bbls.. Halves and Quarters, Nos. 1,2 ana
J, for sale bv E. A O. D. HOPE