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_1^^"'^1 Hi '^' i^l1 1^ ^ ~~^"^?' ^^y: ' -V ' PaTOTBg TO MTiaATPRB, THB ARTS, SCIIHCbT ASRICULTUai, WBWS, POUTHO, ?T"" " ' " tljihfclffS-'^ONE DOLLAR PER ANNUM,] "Let it be Instilled into the Hearts of your Children that the Liberty of the Press is the Palladium of all yourRights."?Junius. ? [PAYABLE IN ADVANCE. VOLIiaR 3?>'() 34. ' ABBEVILLE C. IL, SOUTH CAROLINA, FRIDAY MORNING. JANUARY 4, 1856. WHOLE NUMBER 138. " ^ . ^.'^^iS^INDJEPEKOE^T PRESS ' v ; hkd weekly, at abbkviulk, 8. c., '4^P?NiE: DO UAR A YE Alt, YyA5'? circulation' of nenrly one thousand . in Abbeville District, aud is constantly v*';:t^hoiWi6llng('" . 1*4 circulatign iu this State is liindrcd, and its entire list of ?<$Upferib'?r an u rabe i-*qv e rMi x t#? n hundred. It /d^ered tp tho-mercantile aud buni" ^^Brf^itomnni^y'fjsncrnlly as the .best ndvertimedium in tiio up-couutry of South Car ^4. RATES OF'ADVSKT18INO. : . v - - - - A l? I square 12. months 10 oo . 1'- - - - - - 6 00 % ..months' -v ' * * " - 10 00 :- ' p . ^ 12^ uioiillis - - - - - - 25 00 AdToHisemcht.s inserted for a shorter 'v"'\*l>Otaodr}^lXan 'three months will bb charged 76 tctUifter square (12 lints Orjpss^or first jnser' " :^U^5an3-37-| per <>quare for.^K'-U continuance. - '-^jgr Any one', advertising bv animal or sonii.r-. '. ^niju tfonlract citn change Lis- advertisement !r? bo the paper who Jo not Su^j?5th^ subBcriptibrrt'VItlnn. the vonr'trill be ; cbnrg?d$l- SO. ? (April >u\ 1805 ' I D y s j e p s i a, " "? undersigned ts ;i>einx consulted by let7'* ' JL^ te^j^rojp an p^rta tiC the.Ujiion, by.thuee vrbo ure/jmff^ngJrbtji $<ntzr*iA. ojid its 1 ncr(oUH..<dtbHity. Havitig tor the 1***$$? of Jncjjlcjue, turn, to' the treatment. of from .Mis large- cjqibv ^"-^M^tovinrtitute a peculiarity. of. treatment ->^at.wHL.ej^b]^ tlij? patient to tet, /?/,; and treatment, that his \\ i '.rv^pv^.has'already commenced. IIiis be a ;T^rytonga;!,.tliicst* low. of appetite, conatipni vomltingj?is tfie *?' Swm^T^tmturalh eat 1?is lie ' '^.^^MffiBbliZcWHpl^ sldCpleMnc'se,; starting in his nol^ifhnVm?r. 1 mnoifi\A heart, and -catily out of breath .bv quickened exertions! ^'Uic^fe^, t%ro..,Pr Alirac day'a treat* <x .?flSwywill^ofl^Quce,'t<?'ai8flppoar. < */'_ ! ?$$ 00.\for firat con^ltaliotu Med jqitie forvs'arqoU by mail, with * full apd explicit written direction? of the course ."'ydf treatment ^c.f.to,"be pursued. Each aubse/ quent consultation .and medicine forwarded, "^2 (K)V Jtf^^y rcimittod iu all instances should V,;'bfl jti^^tared1 attliG poet office. All letters :T ; addressed to the undersigned. " ' WILLIAlfll \V? RLISS, M. D.f ,.V'_. ':" ,2b Beektaan Street, New Yoik. his hearty and sin Vulhcil Ijousc to tl?c firat-oiass Hotels of He.tnkcs pleasure in announcing \TOM?t llie MUlla House, Although new .add in . ro-fittctj as to ^keop uj) with or sojoura' MISCELLANY. [KOR THE ISDSFENDEfiT fltE*!}.] To the Memory of Miss Sis Moragne, wno DEPARTED TBIS LIFE ROME MONTHS AOO. 'Adorn'd with nil that heaven or earth could . give To make her araiablo."?Milton. A little \rhile ago, nnd thou wert with us, Sis, A,fair and lovely thing. But death Una taken thee, and we, alas I u. left To mourn as we have mourned for none before. Thon wast to usa lovely one?e'en beautiful? 'And few tln-re were who knew tbee well, lint loved thee well. Thou wert a mother'* . Pride?-a father's love?a bud of hope to' Thy fond-parents'- heart*. Thou wast to us A faithful "friend, Qn honest one," and lu thy ' Friendly way thou wast a living truth >*>- 1 Of virtue, kindnoss?and too, 'tis well to toll, , That.none, though poor, however poor, e'er Turued from thee^with empty hand, or felt The sting of slight, when in thy power to give A boon, or still the sorrowing heart. ? And none More ready e'?r than thou to platx for others' Good, and throw the veil of charity o'er Faults of those who err in human way and Turn naidit from wisdom's path. Thou wast . The light anl'joy of*al! thy circle, ti'nd'in The festal throng thou wast the ceplre^hougut, Awl fow there wero that locked upOn jthy r..v.? ?...? 1 ?-.ir MVV ??? ?><? UUIIJJVUCUI kUCU IU 1UUUUI J>rrtl3t". Hut, Sis, dear Sis, we mourn to think that thoil, So young iu years, wast toru away! Uiat thou Wast called to die when life was in its Spring, t When hopes were clustering round thy-heart, When nil the future, with its scenes of joy,. Was bright to tliee!" But thus it is with Huainu kind; our dnys are few and-transient Iler^pand^cn the youngest nfifl most promising Must yield-to death; and nftcr death our state No alteration knows; and up'to God,- tho Prince of Peace, woTriakc our way, and tho' ~ For weal or woe we cannot tell, yet sure it is There isa'.spot, a resting-place, n home Boyond tho gtilf of death which seals our ' Solemn fute. $ut Sla, dear Sis,'tis good to" Know-that thou didst choose the better part? That thpu didst seek thy Savior in early day, And find io Him afaitbful frieud?that thou v Didst leuivp j^jc world a spirit bright. Redeemed?that tltou hast gone up to thy rest; And though we cannot bring ihee back, y?i To thee wo nay farewell, and though we isiiss Thee much, we cannot bring thee back, nor Canst thou conic to ua again; nor, Sis, e'eu Would we call thee Imuk, f<?r in this mournful f World there is too much of sadness for one So good, so kind as thou. Wc give thee bock, A gem of light, and when we reach that land So fair, we hope, dear Si*, to meet thee thero. C. ML Carmel. Speech of Hon. J. Foster Marshall. On the bill giving the election of electors to the people, in the Senate Dec. 1855. Mr. President, when I submitted yesterday . tbat amendment whitrh lies on your .1^1. T. _i; a ? - - - -? - - - - 1 iuw>k,j ma noini inai time intern! to have made any remarks upon the question now | before t!ie Senate; but simply to indicate the position I should take in regard to the question of giving the election of electors to the people. But as the subject has been made tlie special order for to-day, I think it i incumbent upon me to say a word or two in &up]>ort of the amendment I have had the honor of introducing. ' ' Thin question of change from a long settled policy, Mr. Vretfidei.t, is a very impcr. taut one, as all inuovations should be watched with a cartful ?yo, and should not be made unless there is an imperious necessity. The question then presented for our consideration is, does there exist any necessity for fl chnnori* r ?liall uv? il.? ? - W IV kUU |H.C9Cllt mode of appointing electors by a joint balS 'lot of both branches of the Legislature, or shall we give the election directly to the people? Those of us who are iu favor of giving tlie election to the people, may differ | upon the plans that may bo submitted for I- that purpose; some-may bo in favor of the f district "Rystem, and- others (?ud I nm of ^ that uuinber,) are in fovor of tho general I system..*.\ p ;;.*1 "cplffseive, Mr. President,;tbat this neeesf j?jty for <i change exists, from tho ve/y fact, * tltat sitice the parage of the law of 1792 by this legislature, which prescribes the ?1 flrtr) innnn/if aP ?'-I--*?L , .Mw?v hum i??r,ii?ivi n^jji/iii.uig-cii'oioni in 1 thwSwie, ?-lrt>k> of {Jon^reiwpateed tn 1845, whieh.jp, pyJvl&SsWe judgment abrogates the kiw of IV93.: .This ?6t of Congress which > the . sjipr?*|ft.c i?w of tl?8 tend, pre* \ feribed/<w4irtfprmr day. throughout the r#i[ U& ;1!^ Tuwtfay W'fore the first, i IWday of. No?em her in ?*ery fonrth y*a& t but *h^l?W of-1 >whi$? i? now jof foroe ' ipthe St^,' trppo>nt9df the day. for election M to th? of the State for electors, and be at 110 extra expense, as the case now is. I any that plan might have been pursued for all time to come, if there had been no change made bv Congress; and the people might have submitted. Hut a change has been made iu the time of holding the election, and if we claim to he a part of the United States, and desire to claim the benefits and protection of tlio laws of Congress, passed in accordance with the letter and spirit of the Constitution, we must conform to the supreme law of the land, which law demands at the hands of tliis Legislature n. clmnrrf? from tlie present mode of appointing electors. The question ngain comes up, how shall we make this .change? Shall we givo the election of Electors to the people, or. retain it in the habdaof this Legislature ? By what authority can this- Legislature be convcned'bnthe day fixed by Congress? I differ from sorno of my honorable friends, when Hbey say that tho,Governor has the. right to convene * the Legislature .on that day; arid in support of "their position, pbint mo to, tho Constitution of this State, the Governor can convene this Legislature for" that event, which can be foreknown and foreseen by this body. What .says thp Constitution; which I hold in > niv'hand ? Thri T3th clauso of the 2d article, says "Tljo Governor may ou extraordinary '- occasions;; convene the General Assembly, &c." ... Now what, is the -true- intent and meaning of those "extraordinary occasions," which if? to call for the exercise of sut'h power-on the part of the Executive ? Tike arifcyror must be, it is such an occasion, or sbch- an event, which could not have been foreseen and provided for by the Legisluture; Bifch as direful calamities to the.peoplo of the State,>byr pestilence rami?o or fire?by pud-1 den revolution', on ^ho part of tho people j against law and .order, or by a 6ervile in*] suwection;. or such a financial crisis that threatens to bring'ruin, upon thS, people. There are events, "or''occasion*,? winch the wisdom of men cannot- foresee -Th^y are Events known only to Ilim who holds^.thc deetiuy of nations in his hands. These are' | |?n (C/ivt Mn /st'/'I'i*" * ' * ' vAiiavriMiul^ UOCUMUUb t'OlUClin pJftlOCt by the letter and spirit-of the Constitution, j ami I, as a lawyer, here undertake to say, 'that the Governor lias no more light, under this clause of tho Constitution to convene an extra session of the Legislature, to perform that duty which was foreseen, and ought to have been performed, than any individual Senator 011 this floor. I usk, is the day appointed by Congress, for the election of Electors, not a fixed fact ? Docs not the Governor know if ? Does not the Legislature know it? Do not the people of this State know i: ? If it is known to all, has the Governor the right to say this is nn extraordinary event, or "occasion?" Surely not. He has 110 such power inherent cx vi termini or under the Constitution. But my honorable friend from St. James' Santee, (Mr. Mnzyck,) says this Legislature can meet of its own will and cast the vote Tif the State. Did I misunderstand him? Mr. MaZVck. I Said thftv nnnhl K? fix on Another time. That is unnecessary however. Mr. Marshall. I maintain that this Legislature cannot meet on the day fixed l?y Congress, and cast the vote of the StaU.% unless you after the Constitution. The Constitution of this State expressly says, that this General Assembly shall convene on the 4th Monday of November, annually, and on no other day. How then can the Legislature meet on tli<fday fixed by Congress ? I think I have conclusively shown that the Governor has no authority under the Constitution ; then there is no alternative left but for this Legislature to give the election to the peoplu, or alter the Costitution, and nx anoiuer uay lor tnc meeting of the Legislature. Having thus shown the constitutional difficulties of the Governor having the power to convene the Legislature every four years, and of tho Legislature meeting of its ojyn will and posting the vote of the State, as insiiriifou'nt^JiJe, I now proceed to discuss tlie plftiv^toposod in tho amendment I have had^tho honor of submitting. The first .section of the plan provides that the people shall, after due.uptice, cast their votes for aa many ^lectors. Ksthe S$\Lo - shall be entitled to,c at1'tho timo of such elortion, and the results of sajd ' election shall be transmitted from tln? different districts and parishes to t lie G overuor, who -in authorized to oail oto 1?U a*ef?tanco theSeoretary of State and Comptroller General for thft purposo of ascertainingthe general result. To die yoto of^tjiB freq white population, they are to Irad y<Ste?v. fotpverjr five rUvcs io each d&triift arid parish ana d&larp result.- Tb^ jdi^ffiftiog of" tfa tlave pOpdl&fcftMfi way inpon this election #Ql Wr^.nl^f tSc^pw ^fta'dp-opdpgy, ? rat*in?,tk? afl&we*?tr?ngiho{.?Jl.mcU6m whenever they cau exeroibo it, it would be an net of usurpation on llie psrrt of the Government to withhold it." These are truths which no"Senator on this floor will have the rashness to question. If this right is not denied, then I a*k. wliv withhold the privilege from thepeople? Why seek to interuosg yourselves ln-t wyen the people itnth the electors? By wiihlx hliitir it. vou in so many words say to the people, we cannot trust such a great, privilege to.you. Yuu are not sufficiently informed upon tlio political qu^tions of tiie day, or the working of.tbo machinery of our Government, to cast n vote for electors. The duties and functions of'President and Vice President, are, beyond your conceptions; none bn ice, the repr?$<nitf^i ves, can undfersthnd jthesg. things : you had ..better attend, to <your*domestfc affairs', and. leAvo _ thy tlmikjng and voting to us, Tji^\re\he'invv.?U?b]e conclusions you are obliged to come to,- or you are obli^ed^-tp give the election to" ther p^r ? >? muu ujny iH*cn, wnen sucu reasoning would have been tolcrat<Kl;but it is- iidvf a ;libel upon the people" of'.this State. ' ,The School hihs't^r luu been nbroa?J in (his, Stnto . since the -ljtw, oT 1702 was i passed giving you the.. right>to vote for electors inslDpd of the people'. I iiiainlnin tbrif Ihe light and knowledge which .have. been diffused throughout flio lengthy kiid bYea'hh of this. State. pnyyes connhisively^-to, iny .iniiK^' lliftt liits" people, arc-, c apable ,ot posting-the vote, ?3 the Legislature. . I^ook jbaclcf on B'qni.e of'lite , elections that h.a?V been made by this Lpgis'liituce, "arid' ?gu will; : Mr." President, a!most ingroc: with that we hjid, better give all , thc*e election*' to ilie people., - T ' . TheU? is another reason .why \ve should^ give thiV.fcleetipn to thy people. Tlio greater the number of yotev scatta-ed^ over a large extent of country, the less chance there is for cliques,, caucuses find corruption, than in n emails body, as is the 'case with nirr. [.resent . Legislature, 4ir, *ns my friend Mr. Cbesnut proposes* jii bis bill, of only one hundred and : tweuty-fon^i. ih*u to'east tht* vote." In lb<jse"RiX)a!l'bodi'-a thyre is everv change for corruption ttnd of pervefting tbe wUl of tho people*- ' ^ Again, by withholding this election from tho* people, wc pay they ar^ not 'capable of judging for themselves, and it will (end to demoralize tliein. I answer, tlint by giving this election to (hem von create a new I spirit of inquiry; and cultivate a new zeal I and thirst for knowledge on their part. It | is said by sotnte persons that not half the I people of this State know what tbe questions are in (he Presidential elections. The ! fact is, n large portion of the people, of the State have been accustomed, for a long seI ries of years, to look up to certain men in j their respective districts for their political knowledge and instruction. I want this old system broken down, I want the masses educated, and then they will become instructed in the political i-*ues of the. day, and be able to reason and reflect for them selves. Thus they will be able to take ay active interest in.all the various questions, not only of.'politic, but of the arts and wienccs. Biifcipttre of my frit-mis pay that this political-education of the masses will lend to the formatin of political parties, and hence the demoralizing influence. I believe, Mr. President, in political parties, I believo tla-y are the only safeguard of the liberties of the people. In whatever i StaUi you find national parties, there you find a pcoplo intelligent, and capable of thinking and acting for themaelvea. I nm one of those who are willing to vote any reasonable amount of money for the education of the.poor people; even to taxing myself by au assessment, as my, friend from Chester proposes in his Bill,iq order that they .nay all become politicians/ - Vv Tt..f ?3? ...J ...and II trill Ul, UHI1II? CttJItCV (Mr. 'Jtfazyck) snys we ahot^^dh^Q^to the old line of polic.y?the old m^baNtopted by our forefjitbers, it is bet ter' to let well alone. -I would "say, if we are to-fullow in the old beafcu track of our forefather*, why do-we uieot bore, year after'year, to legislate for the progressive and. increasing wants of our people? Why hnVe we not been contented with, the law* passed by our fathers previous to 18001 If "there is no necessity tb depart fiorn Ijho old 'customs aod habits of oiir fathers, why do hot our people cart and wagon theiP^m>dn<te from the mountains to the sea-board.-aft in the old times ?- Why-these imtbvarious by steamboats and railroads! Why not pursue the old". bhe-hprse' mail bag system, i n s tea d of- the.. Elect ri e Tel eg rnph ? Why the innovation of gunpowder upon vtheold mode of warfare of the-apjaeat Briton, Greek and Ronmn I JP^by tli^pretenV improvement :in. agr'w ultnre, ibe aria.and nx -lUat lite *?i>U'ol ^wvpeojji? (tecb^sid aisn progree?iv6,^m?VA?rcw ural re op?^% ?pr?i? u* *qd ft* mutt keep Hjmve, : or.tfo.wifi.bo left.m. Uie^-w^ke, <*f .ou'&i*# in iho onwani, msr^h of ^uc/^on | applicable in all cases, to the condition of the people of the present generation. Again, in support of the plan of giving the election of electors to tlio people, I will, for tho benefit of Senators, submit a comparison between the up nnd low country as to the relative strength of their vote under our present joint ballot system, under the plan of throwing the election into the House of Representatives as proposed bv Mr. Chesnnt, and under the general ticket system The present number on joint ballot, iu both branches of the Legislature, is one hundred and sixty-nine votes, of these the lower country wilt cast seventy-eight votes; and the uii-eonntrv riinf-tv-oiuv lonuinrr ?, i "J ' | once of thirteen votes in favor of the up-1 country. ".'-If yonomit tbe Senato,' ns w proposed, by tlie plan of my, friend Mr. Cliesnut,' the lowei* country \yi!l cast fifty five votes and (be up-country "sixty-nine, giving to thcup'-conrttry a majority of fourteon votes. According to my plnn (I quote from, the census -of-1849, nndtnx returns) tbe population, including tb6 slaves,- of the lower country, is tyio hundred and, seventyfix thousand'one hundred 'and- ftixty-four, H| tlAt of1 tV.e up-country is three hundred and eighty-three^ thousand - three linndre'd and eighty, leaving a difference in favor of tlio up-country of- one Jiundvtd arid/Uine thbusand .t\Vo hundred and sixteen. Thus I |t will btf^Sten Xliht.-thcup-country bias (lie ndvnntag?^yjiiebever way you may-vrew t he threq:^>lnns. Then I say if there is no difference ~a?)(jtq the relative strength-of tho tjvo sections, why not for tho lower country corno and join, hands with us, and say to the people you haver the right to cast your vote" ' directly, fo> tho eloctore, ^and we. wiir no longer .^withhold that privilege from ;you. Will: tlfey hot coKie forward in a spirit. of coinprorpiae, if a Compromise is necosdary, - and Come as a people of one common.jintqrest, and common U03tiny, determihed' td ^ivo the' pooplo ibyr'lqng-defvrred rights ? . > "We-.may shift the 'question as- wo please; we may disguise hnd hoodwink the peoplo now, but tho time is coming when they will me in vthe majesty of. their RfrAnmH^n/l ? r *- * T -....(j... iwu nurv IUI3 |ju?cr MVII1 JOll. I I know there are Senators who feel perfectly secure in their positionhere, and think, too much knowledge and light among the people is a dangerous thing, but I say to them, the people arc awakening up upoij this subject. They will not come here and beg of the Legislature to grant them rights now withheld by their own agents. They will say, you have us much right to vote for members of Congress, Sheriffs, Ordinaries :md Clerks, as you have to cast their votes for electors. If you have the right, they will say, in the one case, you have it in all. Is it not better that we should taks the step ournelves in advance of any popular demonstration, than to have this privilege wrested from us by the sovereign will ? In a monarchical form of government, you may shut out light and knowledge; you may trample under foot freedom of thought and speech, but in this government, and under tllA Kl-AOfl KIoTA * 1- ~ 1 A ' VIVIIU W1IM.W Wl VUUHU1UU, Ulf ngUL lO think and act for ones-self is a right that ! will never be surrendered, by the people. With thi'se remarks, I submit the ques! tion to the serious consideration of the ! Senate. ?? 1 Annual Report of the Q. <L O. R. R Company. , To the General Assembly of the State of South Carolina: In obedience to the requirements of an Act of your honorable body, tfio Greeh, ville and Columbia Raijroad Company submit this "Annual Rcport ^xbibiling its condition." ' Vv\ . Including the two ^ranches, one to Abbeville and the oth? to Anderson, the PilOfl Ifl Ana ? >!? ? ?-Jl? - .o UIIU IIUUUIVU OUM m.\ijr-iuur II1IKJU in length. It posses throuffh. tlie following districts, to'wit: Riehls^'Fniifldd,>lLeXington, Newberry, Edg^la, Abbeville, Anderson, and Greenville, and otfej^jtsaid, as a common carrier, with .its facilities and advantages to passengers, to the entire northwestern portion of the State, The whole* coat of tho Rond. *xT? ? in its construction *n<f equipment is about'' $2,200,000 00 w* or (118,414 permilo,/ The whole amount of Stock " paid in is ; - 1,108,410 78 including the State Stock " ' < I of ?348,100, reckoning it at par vnine. f ; "-v Amount 6f nswttmenl on . V individnal Stock pnid itt > 160,059 00 Mak?og^ M ^/.8eiwmentt^jrtikpf? $1,8^3,469. ?o. !'^o'jwrt^li%.wfeiwnton. :fte Stat?^ '! .IP I " 1 ' 1 , I' 1 LI?l U_L1 IUB dividual Stock, vrns equally assessed. This assessment amounts to $09,020. Predicated upon this assessment and the faim of its payment, the Company borrowed from the fcank of the Slate a sum to cover the assessment. The iuterest uuou this d^ tc^tbo Book . has been regularly paid, iti advance, irfmry. _ ninety days. So long astho Bank was willing to indulge tho Company on this debfv y. it was easy in the matter, and uot disposed ~ to press the demand. But now, tho Bank having expressed n desire to linvo ibis debt. paid, the matter is brought . to the attention *.of the General AssemblvV and it is. reanoou- "> ? , . t ^ ---r fully asked to make Bowevprpvisiot* to^neet . the ticn)(\nd,,atKV reliovo the Goinpnny. from : Z. a its liabiH$'to the Bank. . . -?*/ <,9 The business of fhc Company is increai-j. . ' ." ing and its income enlarging. From /tjbib t; < , neeounta.of the last fiscal vear^ rendered to.'' , (hoStockholdersi jrt their nnttual-mefitlog, it V will appear thaCth^.incpmo exceeds that of : % ! the previous year by . $55,1 T7 33. -Since ?V. that.statement wife niade,. tlie. business h^a "-'j stilljjhereased, so that tlib income for the ,.. '. lost month (0(. tobeV)'\vasSs?, 7 7 3 48 larger 5t ihan that of the corresponding month of hist year./ 1 . v * . Iti the amount set down m hnvj^ig been, ia paid oh account of exnenscs.-'in tl>? vonnw .. >? , - , - * .^FV " ^ ?rrj'r, >is included a balance duo fur expeusya for ~ flic pce.vionsyfnt, nu'H payments Mc'6r / most of the permanent expenses of (lie pl-cs^ - ; ~ ent year. //The expenses prtjper for 'the jw , Vv l\ were only about $150,000- ' ",,j- Ie . The income was'applied to, the expenses . U>? .the Road, the interest upon the Bonds, ? atia to the-debts of the 'Company. As -yet the Stockholders have realized no beuefit *f 5 froiri their inveatinent( boyond I lint enjoyed- 1.' . ? in Qomnrton with" all others who have pos? sessions nerti*-the Kpr.dj or have used U, -'i If the indebtedness of the Company were now all funded, its jncorhe is sufficient- to ^ ' defray its expenses, pay. the irttorest on^the- " *. *r. emiro ueui, and divide ut>6Ut six percent,, . per mipu'm upou the :Siock. -Bitt untJl,th? if debt is either, funded pr paid, it is believed ^ that it is the true policy of the Company to -<?v" \ apply the earnings, first, to. the expepsep, . land then to the debts, A premature pay- , _ merit of dividends would .only make the'' y Vt ? Company poorer, "and, instead of advancing the Stock, would necessarily depress if, and with it nil our sec untie?. The Hoad has now been in operation its entire length for nearly two years, and: it. is believed that it has fully satisfied all tlis reasonable demands of the public upon it, and has come up to the most sanguine hopes f.f ;??<v;r.,wiu TI.? ?? *? ? v. .w Aitw mono UUVU UUt'U COTlf veyed with promptness and regularity, pas. scngers have been carried in comfort nnd safety, nnd tho produce andsupplies of the country hnve been transported with great promptness; in short, it has, Without vexations delay, done nil the business that hns oflcred. ?. Since the Koad has been pnt in operation, much attention has been bestowed upon its improvement and repairs; where it was exposed to .injury- by freshets, it has been guarded, and where it was weak, it lias been strengthened. These improvements have involved heavy expenditures of t money ; not less than one hundred tlioysand dollm-s have in this way been laid out during the present year. Anrongst these improvements aro tho heavy works at: Broadaway, in the neighborhood of Newbi'l ry, on the Abbeville Branch, and in the valley of Broad River-?which have given great.value mid strength to the Road, andentitle it uow to rank in Uic first c1q? oft Railroads . _ . . " Surrounded .by difficulties -of :ituinensjv magnitude?pressed by pecuniary Jinbil.itieft. duri'ug a mbiiey crjsiv prdtraetei^ beyond. ! nny that lias' prealed it-^tlier fnVndsof^lik great enterprise,-.with an ardent patriofidVn; and an enthusiasm that has never faltered. have pressed it forward to its pre??^t*^n3^-. lion of successful operation. v^'uUdsjt its rc^oicings iiUhiB gratifying Company is not unmindful of its <&liea|ton&: to fthe State for its .aid and.pntronaewDJt ha? > becu, and contin.uo. ^ ; of the Company, fully to discJiargofoU Jit?* ' obligations; and itjs boped tbat t'b'a State Mil bo doubly rtmjed fi/' nil fliat-?t1ia? " done. Bcskloft the SKookin tho''CotapanyV , (wbiob, it isi>l'lieY?d, will- <6on jeacb^par .. i v?luejyt ba* Jbe: jjjcrfl/ifiod fce?ftbi|ftpnM<$ by t|io^Koaftwjiitfb:is bjo tb'orartJWW. of fls Hfttddttioii i tferc^'ftiblatUffajiHon arising' flroinithe in- > calculable 'advjftrtiigjeir / . jctrnferKkL*.upon a iaign portiottof Its-cidzeria; Fork rnqfe ininuto^nd -parli^hur: atater,, mf.nt of tvo awSi