The Abbeville banner. [volume] (Abbeville, S.C.) 1847-1869, 1847-07-07

the united dclic ICY and voIup,,tousness of
form which the finest stltucs possesses -
The costumes Of those we saw this evening,
Was well suited TO their wearcrs. Their
long hair: which was plated, fell over their
shoulders, and was in many instances orna-
mrn c with great numbers Of gold sru.lins,
and some pearls; in others, flowers of bill
liant hncs rep lced the :'pcarI an goIl,"
but all wore the full. loose trowscrs, drawn
tight at the ancllc, (Which not untrcq qucn,Iy
was cncirclcd with silver bracclets,) the
pc'ticoat reaching only to the knees,
and the under vest open at the breast
Ii is neither boddicc, tunic, or jacket, but
something between each.
The Charleston Mercury contains a re-
port OF an important case recently decided in
that city, from which VIC gather the follow
ing fact:-Thc Charleston Bank, it itappears,
loaned Il customer S2O,OOO and received in
pledge Stock Of the Rail Road and Bank
Company to the amount Of 544 shares, as
collateral security The note was not paid
at maturity; and at the request OF the debtor
time was given from 9th December, 1888,
10 January 4, 1912 when, after full notice,
the Stock was sold in open market by
Broker, and bid off at the full market price
the President OF the Bank, who caused the
amount OF sales to be carried 10 the credit of
the debt. The Stock was bid off at about
Sl5 per share; some months after it apprc-
ciatcd, and was sold at Il considerable profit
In November, lS45, bill was filed to COM
pei the Bank to give credit for their sale,
on the ground that, being Trustees to sell,
they could not buy themselves, and, us Trus-
tees, must account for all their profits to
their 'ceslui qus hust," and so Chancellor
Job Johnson, in an elaborate decree, deci-
ded. An appeal was taken by the Bank to
the Appeal Court of Equity, and was ar
gued at its late sitting, by B. F. Hunt and
G. G. Memmingcr, Esq'rs., for appellant,
and Mr.. Baily, Attorney General, and MIR.
layne, for the appellee. The appeal Court
reversed the decree, and dismissed the bill,
thus affirming the validity of the sale.-
Many large cases were awaiting this deci-
sion. and thousands would have been put into
litigation if the decree had been sustained
The position maintained by the Bank. and
sustained by the Appeal Court, were these:
Grounds of nppe9l.-lst. Because, after
the default, there was in fact no fiduciary
relations between the Bank, and its borrow
cr, in the Just sense Of the terms There
was no obligation to serve; and no compcn-
sa:ion for service. The stock was actually
sold to the Bank and transferred at the in
ccption of the debt, and after the default
was the property Of the Bank. who were
only bound 10 give credit for it at the time
payment was peremptorily demanded,
which they did.
2. Because the usage of Banks is obliga-
tory on its customers, authorizing; in case IL
redemption is not effected, sale by pub
lie broker, as a common agent; and the
creditors, having an interest, is authorized TO
protect his interest, by bidIing; otherwise,
in case Of insolvency Of the debtor, they
could not secure themselves by giving the
highcs: bid at auction.
PA1xuAN GUNs-This formidable war
engine. of which so much has been lately
said: anl wb h have been considered the
invention OF the French General whose
name it bears. is in reality the invention Of
Colonel Bomford, the head Of the United
States Ordnance Department. The follow
ing note in relation to this subject is con.
tanned in the valuable work or Military Arts
and Science by Lieutenat HaIleck. United
States Engineers, under the head OF" Siege
ArtiIleryp
"PAIxHAN Guns OR CoLUMBIAN-These
pieces were first invented by Col. Bomford,
of the U. S. Army, and used in the war of
1912 The dimensions Of these guns were
first taken to Europe by young French
officer, and thus fell into the hands Of Gen.
Paixhan, who Immediately introduced them
into the French service. They were by