Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1840-03-06

twenty-five thousand bales of Cotton, or
in the-event of their refusing TO do co, that
he would lease their lands and construct
such an establishment as his own private
cos,--and when completed, to be organ
lied by The Board of Directors, in such
manner as to effect the most perfect secu-
rily To the interests oil those wi may here
after be engaged under the following ar
rangement. To establish agencies in the
town of Hamburger, by the Banks of this
Stale, or companies of individuals, inter-
esled in the prosperity Of Charleston,
Hamburg. and OF The State generally
That such agents should be supplied with
adequate credit or sums of money for the
purchase of all The Cotton that may be Of
fered at HamLurg-aud fully authorized
to advance on such purchases, a sum
equal to Ihree-fhurths or four ifhs of the
actual value of such cotton. Such advan.
ces 10 be made only. on The presentation Of
n ticket or certificate from the Superinlen-
danl Of The ware hOuse-in which he shall
represent that the cotton has been actual
ly delivered al The warehouse. and is in
his keeping-and also The number ofbales
weight, aud quality of the cotton. Gu the
delivery of which ticket, by the holder or
owner of the cotton, and ilraught on his
factor, agent, or friend in Charleston. at
vances in the proportion stated shall be
made, To the purchaser or owner. Of such
coiron.
The Rail Road Company to have the
right Of charging Ile usual rates of Storage
-lhe transportation, and all incidental ex
penses TO be incurred in The management
and safe keeping Of such tlepostes of Cot
Ton, and 10 be accountable for the delivery
of the several parcels to their respective
consignees; but no delivery shall take
place or be made at the Charleston ware
houses, until The whole amount of The ex
penses incurred be fully paid, and the tick
e, or certificate given by the Superinlen
fent at Hamburg, he ieievered to the
| Superintendent al Charleston. In addi-
lion to The present means of transportation
hy the Rail Road, Mr.. Shul'z proposes
the establishment Of line of hOats 10 be
exclusively employed in The transportation
of produce on The Savannah River and to
Charleston-this latter establishment to
organize lis own plan Of operations, and
lie responsible for the delivery of all the
Cotton received on freight from the ware
houses in Hamburg. 10 the Superintendent
of the Rail Road Company's ware. houses
in Charleston, subject 10 he rules and con-
diIions previnusy Y stated.
The most cursory view Of this project,
as here stated, will suggest The omission n
details-and Of which must flow from the
combined counsels of the several parties
Interested. The genetAl outline is all that
is required, in report like this, aud which,
in The opinion Of your Committee, pre-
scnts features of bold and striking char
octer; essentially plausible. and apparently
advantageous 10 the interests of the State
generally-nf The City Of Charleston, and
Town of Hamburg, and 10 those rnure i'm
mediaiely interested in The enterprise! ii
is not only feasible. but co,nIncnds itselflu
acceptance from The immense interests in
volved--lnteresis essentially our own. ant!
which may eventually be lost, through our
snpineness or neglect.
The pr sent moment is not however,
ausricirlls to The crratiou or direction Of cap
tal, to need. any extensive enterprises,
though simplein execution, and certain in
their results. The high valre of money
arising from tho extreme scarcity of, aud
general demand for 1.-THE deep obligations
which restrain aud iertcrs The issues of our
Banks. and TIE increasing ohscurity and
great uncertainty which shadows our
monetary system generally admonish 10
the utmost caution. Indeed The general
pressure is at that momentso severe, that
your Committee would pause in advan.
cling any efforts for the immediate consum-
maion orihe design-and all these mo-
lives require additional force, when il is
recollecied how futile the eifor, would be
TO allcmp, to force a circulation of the
bills of Banks at par value, into an atmos-
phere tainted by an unsound and hetero-
genious currency.
On the other hand, your Committee
would assert lnr Mr.Shul'z. title to great
public consideration and respect--claims
which will he readily and cheerfnlly con.
ccr,ed to him. when ii is recollected that
in 1921. The present Town, Orra'her (sire)
of Hamburg was valued at M more than
$1,000, aud with scarcely a sufficient trade
lor The decent supporio of single family,
from which coudirion, and chiefly through
his individual exerliOns, a town has been
bull, up. The assessed value of The Real
Estate in which, approaches to- 400, 900;
pays annually inro the Golfers of,he Stale. a
lax exceeding fourteen hundred dollars,
and transac,s commercial business re-
Nquirins capital of nearly Two million
dollars From fifty to sixty thousand
bales of cotton are received through each
season ut Hamburg, illustrating the tru
,ha, additional capital ouly is required
consummate tho most saneuined anlici-
pations of its founder. Should the foster
ipr care of our own city he extended on