The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1850-02-19

beng traction over per cent per ahluHl, oh
the estimated capital.
But 100000 OF our debt bears an interest of
only five per cent. If, therefore, the interest of
the debt be first charged, and the balance ofnet
profit be divided on $500 Shares, it would
amount to E ITO per cent.
Your Committee would remark, that they
have based their calculations on higher esti-
mate Of the deterioration by wear and tear, than
the Report of the President would authorize !;
which, however, they think the safer plan.
Should the estimate of the President be near
er approximation to the truth, the net profits Of
the Road will be increased to more than Z per
cent
Your Committee conclude by submitting the
following Resolutions to the consideration OF
the Company, viz:
l. Resoired, That it he referred to the Di.
rectors to call upon the Stockholders for pay
ment of the balance of $25, due on the Shares
of the Capital Stock, by iastalments; provided,
however, that the instruments shall not exceed
SIS each, nor be required at shorter intervals
tian ninety days.
2. Resolrrd, That on the completion Of the
works contemplated in the estimate submitted
with this Report, all expenditures thereafter to
be incurred for the construction and repair Of
Depots, the keeping up of the Roads, the pur-
chase and repairs of Locomotives, Cars, and
Machinery, shall be charged to expenses, in like
manner as the expense OF working the Road.
Respectfully submitted, in behalf of the Com
mittee DANIEL RAVENEL, Chairman.
Charleston, Feb. II, 1850.
Mr. Mazyck moved that the Report be print
ed and laid on the table for the present, which
was adopted.
The following are the proceedings of the
most interest OH the last day Of the meeting:
Judge King offered the following:
Resolved, That the thanks of the Stockhold-
ers are due, and they are hereby rendered to
Col. James Gadsden, for the enterprise, energy
and fidelity with which he has discharged the
high trust contided to him, during periods Of
great difficulty and embarrassments in the at.
fairs of this Company.
Resolved, That free ticket over the Road,
for life, be and is hereby rendered COL James
Gadsden, Lady, and servant.
Mr. Trenholm, in few remarks, seconded
the Resolutions, which were then unanimously
adopted
Gen. Buchanan offered the following:
Resolved, That all Stockholders shall here
after be entitled to travel on the Rail Road, free
of charge, in going to and returning from all
Meetings of the Stockholders; and that on such
occasions the families of the Stockholders shall
be allowed to travel on said Rail Road free of
charge.
Mr.. Pelpoon moved to strike out that part in
regard to allowing "familiest to pass free, which
was lost. The original Resolution was then
adopted.
On motion of Mr.. Wallace, it was
Resolved, That the President and Directors
of this Company, be instructed to make early
arrangements for a discontinuance of labor on
the Sabbath day, (unless in cases of necessity
by all persons in their empl oy.
CRITIQUE ON GEN. SAM HOUSTON'S TER
RITORIAL SPEECH.
We extract the following notice Of the "old he
r'os" speech upon this important question from the
editorial correspondence Of the Telegraph We
have no use for such men. Those OF our readers
who have not read it, will be pleased BY perusal
of this letter from Mr.. DeLeon, who is in the city
of Washington; and writes some very interesting
letters from that place. Speaking of the Senate,
he says:
SThe discussion was postponed on Friday to
give all opportunity to Gen. Sam Houston of fir
ing off his gun OH the territorial question-which
made loud report but proved to be loaded with
powder only after all, and which will probably have
the effect in Texas Of serving the Hero OF San
Jacinto" as the guns described in Hudbras-
(Which, when aimed at duck or pover,
Bear wide and kick the owner over
The speech was the tamest, fattest, most florid,
pompous, and egotistica effort, that ever wearied
the patience OF an audience, or put an eXtinguish
er on all undeserved reputation. The Texan has
the advantage 'of striking presence, and is an
imposing person altogether. He is a big, burly
man-with broad chest, good lungs, and strong
voice; but worse manner and more affected de-
livery it is impossible to conceive.
His speech il is almost impossible to convey
correct idea Of; for most of it was "sound and flu
ry, sgniying nothing" but he did contrive to de-
fine his position as antagonistic to any action, or
any measures which nightly any possibility affect
the permanence of the Union. A more thorough
disclaimer of sympathy with the agitation at the
South for the maintenance of her rights, could not
have been made more emphatically than by him
and his tulsome flattery of the North contrasted
strongly with his coldness to the section which he
pretends to represent.
The speakers speech was so pointless and in
conclusive that comments upon it would only be
waste of words-but as publication will be
made of what will purport to be the speech, and
i Al.