Thibodaux minerva. [volume] (Thibodaux, La.) 18??-1858, 1853-11-26

Sth instant. It's very lengthy document. anC
touches on . great variety of subects-so many
that we can only notice few Of them. From
it we learn that the present debt of GEORGIA is
$685., 472 %, and that the balance in the
Treasury on the goth of October was 81 ,S57 So
Governor Cobb considers it useless to cucumber
the Treasury longer with the remaining assets
of the Central Bank, which, he says, will CON
tinue worthless and unavailable as long as they
remain the property of the State and knows of
no better disposition that could be made of them
than by selling them for whatever they would
bring. To keep them and attempt their collec-
ton, would involve the State, he says, to con-
tiaued expense and litigation, without any re-
munerating benefit.
In relation to the Western and Atlantic Rail-
road, he submits for the consideration of the
Legislature, plan, which, he says, will secure
the three great objects to be attained first the
retention of the States interest in the road ;
second, a uniform and permanent system for its
management: and third, certain and reliable
revenue from it. 1t is to lease the road under
act ofincorporation. Leta charter be granted
with capital Of five hundred thousand dollars.
in shares of hundred dollars each. The charter
should provide that the company should make
semiannual payments to the State and that the
first failure should pso facto work it's forfeiture
The amount required to be paid by the company
for its lease, should be at least FIVE per cent. on
the capital invested by the State, which might
be estimated at five millions of dollars. The
charter should be for limited time, and per-
haps twenty five years would be sufficiently long.
The company should be required to return the
road at the expiration of their lease in as good
condition, and as well equipped when they
received it. The improvements which the in
creased business of the road will require them
to make, would afford reliable guaranty upon
this point. On the other hand the State should
agree to pay the company for any increased
value given to the road by the improv ements
made by them. Provision should also be made
In the charter, to protect connecting roads frota
partial and unj lust administration of its affairs,
under such penalties would ensure perfect
impartiality. He has fixed, he says, the capital
at half a million, surprising that to be sufficient
for the ordinary Improvements, which are still
required to put the road in complete order. The
Legislature could hereafter increase it, if the
business of the road should require the laying
of a double track.
Speaking Of the Penitentiary, the Governor
says that its business, though comparing favor
ably with the business of preceding years, is
not, and in his judgment. never will be a source
of revenue to the State. The business of build
ing railroad cars has been commenced on
pretty extensive scale, and he has hesitation
in saying that it is the most profitable business
that can be carried on in the Pententiary.
He recommends return to annual sessions of |
the General Assembly, and believes that the
public judgment of the State is prepared to ac-
quiesce therein.
He recommends the extension Of the law, |
giving judicial elections to the people, to the |
remaining casss of State officers elected by the
Legislature.
He likewise recommends that in the event of
the Lemmon's case being carried before the
Supreme Court, the Executive be authorized to +
employ able counsel in behalf of the State of I
Georgia; and concludes his able message by
stating that the general condition of our federal
relations presents fattering prospect, and that
since the happy termination Of those angry sec
tonal strlfes which for a time threatened our
peace and quiet, the country has returned to a
state of calm repose, and all the Indications of
the present point to happy, peaceful, and pros
porous future.
THE Ericsson ENGINE.-The following article
from the New York Journal of Commerce, of
the 18th inst, would seem to give hope that the
Ericsson engine is no failure after all
1t will be recoected that the Caloric ship
Ericsson returned from her trip to Washington
about seven months ago, and that Immediately
thereafter, essential notifications and improve
ments in the plan of the engine were determined
upon. These have since been in progress at
Williamsburgh. near where the ship was built,
and where she has since lain. The public will
be gratlfed to learn that these alterations are
now nearly completed, and that, so far from the
enterprise having been abandoned, as has been
the general belief the fullest confidence is enter
tanned on the part of those Immediately interes-
ted, OF its complete success, on the second trip ,
of the ship. Mr.. Ericsson is devoting his whole ,
time and undivided energies to the realization
of this end
1t is expected that within two weeks one of
the engines will be completed, and the other will
be finished soon after The several parts are ,
all ready, and now on board. We understand
that the power of these engines will far exceed ,
what was attained under the low pressure sys-
TEN employed on the first trip-as they are now ]
to be worked under condensed pressure 9
1t is to be hoped that these anticipations may
not prove unfounded. 1t would be difficult to :.
predict what changes might ensue, in the course
Of few years, in steam navigation, should Mr.. :
Ericsson succeed in the application of his prin- !
cple for practical purposes.
A FINE CouNTRY-A1N'r 1r!-Tn 1872,
when New Orleans was still California of {
the times; when, as wag at the north re- '
marked, it required three partners to estab. f
iish house Zone to die of yellow fever.
one to get killed in duel. and one 10 wind t
up the business and come home when the {
old twenty cent pieces, or pistareens were '
current for twenty-five cents, by which o
many an honest penny was earned through v
the patient industry Of collecting them, and c
when the coolest inhabitantD did not re. r
member the destruction of the orange By
frost; when the yankees were few and ?
scattered. and when those who had the T
courage to face yellow Jack in all his terrors, v
were rewarded fol their bold nerves by fl- v
ling one ofthe ovens Of the Com pos Stantos. II
orby having their pockets filled with what Ii
= now known As California sdust,--it hap. +
peaed that two boys from somewhere down
east who had been schoolfellows and shop.
mates, and competitors, for the accumula. :
hon Of early pennies in the land Of pilgrims,
met at New Orleans. One was buyer OF a
cotton, and drew bills in payment thereof, Of
and had counting-house; The other sold to
buckets aad tin pans. yellow soap and buck L
Wheat -four, and had shop; and it happened u
mat the latter, whom shall call Jim. flor =
.ney were like Catos young masters, 'sSam a
and jim VERY much alike, specially SAM in
!. happened that Sam desired to buy some- 4,
salag OF Jim ton time," and after struggle =
Win his tiMidity, he boldly made the pro- Oh