The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1854-10-06


ven Rail Road Company is published in the
New York papers. From this document it
appears that the amount of spurious stock
issued by Robert Schuyler, the Company's
transfer agent in New York, is l7,732 shares
(Sl,773,2OO,) besides certificates for 1908
shares (sls3,sOO) transferred without sur
rendering the original certificates, which orig
inaI certificates, therefore, now represent no
stock on the books of the company. OF the
fraudulent stock, 9,2S3 shares now stand on
the books of the company, in the names OF
parties to whom they were transferred by X,
and G. l.. Schuyler. The whole amount Of
the frauds committed by Schuyler, in one way
or another, in the name of the company, or by
misuse of its obligations, is very nearly $2,-
100000.
On the question whether the spurious stock
should be assumed by the company, the drec-
tors exi,resSno opiuion. Their counsel, how-
ever, in document appended to the report,
express decided opinion that these iraudu-
lent certificates Of stock are illegal and void
and do not implicatc the company in any way;
and that, without IN act of the Connecticut
Legislature, together with the assent of the
stockholders, the company cannot lawfully
recognise and adopt them, as representing
shares in the company, or emitting the hold
ers to any of the rights of stockholders.
DEFENCE OF JOHN CHINAMAN.-1'he Phila-
delphia North American is eloquent in de.
fence of the Chinese. lie says:
Europeans and Americans are very apt to
consider the Chinese MS barbarians, when
compared with our own, and other Christian
nations. Yet we are constantly meeting with
facts, in relation to that singular people, which
put to the blush all of our vaiIl.g orious boast
ing. What are our great canals, when COM
pared with the extraordinary work of art, the
Imperial Canal of China, which was built by
the Mongo Emperor, Kublai Khan, and cx.
tends distance of more than 600 miles p
Great heights are tunnclled, lakes bridged,
al.d stupcndous cmbankments thrown over
marshes, and low ground to afford it y pas
sage. Unlike our canals, its capacity is not
limited to smal! boats. but large ships sail
upon its waters, which are filled by mighty
rivers, and serve not only the purpose of Il
commercial highway, but are used for the
twofold objects OF irrigation aud drainage,
thus rendering available for cultivation much
land which would otherwise be useless. This
canal has been pronounced by Europeans -
gigantc work, and one displaying sound
practical engineering skill and even genius in
its construction. Yet it is only one among
many achievements pt nrt 10 be found on II
LARGE scale in China than in any other country
in the world. And yet the race which pro.
duccd these wonders is announced worthless
in California. Doubtless, they may be, for
electionceriEg and warlikc purposes, but in
many other respect" they will prove of quite
as much utility to the Eureka State as their
scfsutficient traduccrs.
VIRGINIA AND TENNESSEE RAILROAD
The receipts of this road for the month of
August from passengers and mail amounted
$ll,l22,9S, from freight $972l,52; total
S2O,S44,33. Receipts for August, 1853
Sl2,9S3. Increase $7S6l, ,33-being over
SO per cent. The road IS now IN operation
abou! half the distance to the Tennessee line,
yet it will be perceived that an average
monthly income equal to that of August
would nearly approximate per cent on the
whole cost of construction to Tennessee
The whole number of passengers trans.
ported during the month of August was
9.577.