Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-10-11

beluS on rali road, (this IS supposed 10 oe
the Ponchartraiu rail road) but cannot &C.
coun, icr indRg himself here. Its really
wonderful that he should have escaped tha
tribes of hostile Indians in Florida, and sus-
tanned the privations ofevery kidd which he
must have encountered during his erratlc
wanderings until he reached this place. 1t
will be gratifying to Ms friends and relatives
,e know that the officers at this post the me.
mont they learned the circumstances, had
him removed TO the garrison, where mcdi-
oal attendance ard svery possible cara has
been extended 10 him. 1
CHESAPEAKE AND OHIO CANAL.
We arc gratifed to learn that this great
work is in rapid progress, and that the labor
on it mas greatly increased, there being at
this time nearly toar thousand persons en-
plsved. With the new contracts recently
entered into by the Board, for the difficult
sections between CacGpon and Cumberland,
a still further Increase Of labor may be ex.
pected. The heavy works be'wrcn those
points, being The tunnel and deep Gu. at Ola
Town, wbiol with prudent forecast. the
Board placed under contract more than a
year past. are progressing with such s?lr''
as to Justify the belief that they will be COM
plc,ed as soon as tho other works on the
upper line clthe canal.
In addition to the inexhans,,ie sources Of
wealth to be brough. into action or he com.
plcton Of tie Canal 10 Cumberland by the
transportation Of the iron and bhumlnous
sorl OF that vast mineral region, new re-
sources Of incalculabie value are being de
veloped BY the discovery Of probably the
most extensive deposite Of anthracite coal
vet known in this country. is situated,
ve understand, on Sleepy crock, Morgan
country, Virginia, and is within five or SIX
miles of the canal, TO which there may be
easy access by a railroad, which wo learn
is already in progress. Sleepy creep ls
about ffieon miles below the CacaPoh, to
which point the canal will be completed dur
ing the next spring-thus offering every
facility Cor .as .rdi:spur.o,iou Of TINS con!
10 market, and a sast'acce:s!on 10 tho trade
and revenue of the canal. =,
a company, with capital OF hall mil
lion of dollars, has been Incorporated BY the
State Of Virginia, and have commenced
operations with great spirit.
Although the progress Of the canal has
been slow, owing 10 the many difficulties 1t
has eacou ltcrcd, yet its completion is rem
dered certain by the liberal subscription OF
the State of Maryland Of s3.Ooo.0oo. Her
commissioners are now in Europe, for the
the purposn of negotiating the sale of her
stocks ; and, from recent accounts OF tho
money market and the reduced rate ot IN
terost, ,hereis reason to hope that they will
sucesed. Should negotiations, however,
fail there, these stocks, on the return of the
commissioners, become, by contract, the
property ofthe Company, and is conhden-
believed will be disposed Of in this country
without loss. In+he mean time, and IN aid
Of their funds, we are Informed that the
Board ofDirectors of the Company Propos-
es to issue the notes Of the Company, &c.
nominations Of s5, $40, and $40, redeem.
able in s. .non,hs, and bearing 6Per cent.
interest, which can be the hni!s. Afforded
rs the State exacts, for three years. 10 IN
terest or dividened on her late Subscription
In addition 10 the three millions for which
the faith of the State is pledged.the Company
holds securities m the per cent. Stocks OF
the cities Of Washington and Georgetown,
to the amount of about one. quarter OF a mil.
ion, Of dollars, now selling in the market at
within or 4 per cent. ofther par value.
Based on such securities and TO the ii'nl'
ted extent of issue proposed, being tor no
other objec! than to pay for the constructor
of the work, we can conceive no ground
for hesltancy on the part Of the Board IN
making the omission, or IN the reception by
The community of these obligations of the
Company, which may safely be taken by
the banks during the suspension of specie
payments, as better than any discounted
note of individuals, as affording more CERTAIN
security than any bond, however we'll back
ed BY personal or real security.
In the spirited efforts Of the President
| and Directors to prosecute 10 an car and
successful terminaiien this CREST work,
deeply interesting TO its stockf.oi lers and to
the community at large, thu -,nhdence ana
good wishes Of both s;. I'D accompany
/ ,hem.-Nat. Intel.
ARRIVAL OF DISTINGUISHED INDIANS
Another party Of The SAcs and FOXES. con.
sis,in Of about thiry.(our persons, men
and women, under, the care Of Gen.
STREET, the Unned States Agent, arrived
bV the cars from Baltimore yesterday NOR.
ny. Among tho number is he celebrated
BLACK HAWK, and his son, (an Indian ol
very noble and bold aspec'.) and the famous
| - + V,.-r., he coop .. !, uas lppwr