Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1846-08-05
.EaS ce u u "a G O ~ S .
From the Savannah Republican.

From thc SaCdnndN htpuOttCuH.
THE AUGUSTA BRIDGE CASE.
pursuance of our promise we, this
morning, commence the publication oi an
abstract Of the argument recently made
in this important case, helnre The United
States Circuit for the Dis,ric' Of Georgia.
Our own avocalions having been such as
10 preclude our personal attendance upon
the Court, VIC have, al the request oi the
Complaiuants, aud at considerable en-
Dense, procured the suhjoined abslrac,
from the notes Of a gentleman Of The Bar.
who has given, we feel assured, an I'M
partial aud faithful synopsis of the points
made on both sides. 1t was thought un-
advisable to !epor, the speeches at length,
5 because they would have heen Too volum'
iuous for insertion in the columns of n
daily paper, and. besides, would not have
been. understood or appreciated by The
general reader. If injustice has heen done
10 the arguments of any Of the gentlemen,
either by commission" or commission" y"
we need only stale that our columns are
open 10 them. and they. or the party
which they represent, can make the proper
correction.
We'uuder;ook the publication at the so.
liciraiion Of the cOmplainaGts simply as a
business matter. I,was their purpose TO
give but one side Of The argument. suPpo-
sing hat the Bank would provide for the
publication fihe speecbes.ol ils.own eouns
ell. No movement Of this kind having
been zmadeson the paft of tue eB a,ik;Ssse t
have been requested by the, -o'her party
10 publishs,he whnle--not only. because it
is necessary to a proper understanding ct
the case-hur because, as Ihry say. they
qoish to 1ci,hhotd nothing from the public,
We have the more readily accedcd to 'his
rcques, because of the importance which
the case has assumed from its long con
1ipuauce in the Couns-from the per,lna
civ with which The claimau,s have follow
ed up their denands--and from the varied
and extensive interests which are invol
we'd.
Without taking any part therefore, in
the con,roversy-wthnul e'pousinS me
cause of the House Of York or Lancaster
-withuut preidicng the Interests OF any
one or interfering win the progress OF JUS
ticc-we may stale that the suhJolned ar
rument is connected with legal dispute
which had its origin somewhat more than
quarter of century since.
Ia 1918 and III, Henry Shullz aud 9th
ers obtained from The Legislatures ofSout
Carolina and Georgia, charters empower
ing them 10 construct Bridge across the
Savannah River. al Augusta and accor
diuoly soon alter erected structure where
the present Bridge now stands. In 1910
Shuitz and John McKinne formed a co
partnership in The Banking business, each
partner. as is alleged. setting apart on the
books of the firm portion Of his private
property for partnership purposes. Among
these items Of property was the bridge
valued at $4,000.
On the 2lsl of April, 1918, Shul'z sold
ou, his interest in The Bank, including The
Bridge, 10 Barna McKinne, who contin
ued the business in company with hi
brother John. subsequently the Bridge
Bank became greatly embarrassed, il
consequence of the failure Of certain mer
camille firms Uith a0hich the Mchanne'
,cere connected; and they belus indebted
10 the Bank of the State Of Georgia to lh
amount of about Forty Thousand Dollars
applied for further loan of S5O,OOO, al
leging as was averred by the Bank of IN
State, that the object was to relieve Ih
Bridge Bank. Oaly Two fifths of 'hi
money, as is stated in The decree Of Chan
cellor Harper, appears 10 have been ap
piled 10 this purpose. To secure tn
Bank for, this loan Of 100000 on the 81
of:May, the Mckiune's execated mort
gage on so negroes, Mchinnes warehous
Square in Augusta, 81 The Bridge on cer,ai
conditions. On The 24h of May the Bridg
Bark stopped payment; upon whic
Shullz, who had made his preparations
return to Europe, resumed his position
the company, and on the 10Th of June,
second mortgage was executed, it haVin
been alleged that the first mortgage wa
not binding, in consequence of some mix
take in the name of the Bank.
Without attempting TO follow the pa
ties Though all their windings aud twis
inss in these and other fnancia! oper'
tions, "a record Of which, together withslt
subsequent proceedings in the court
would fill an old fashioned royal ooc'a'
volume, it may perhaps be sufficient
state that the Sank ofthe State final
>. either legally Or illegally, 60, possessi,