The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-18

these defbces not Intended IN resist any invasion
barge war vessels hut 10 constitute strictly coast police
70 ae IL concert with detchmens II the neighborhood
militia a. an! time Of menace or danger from m.rtdiAg
parties sent On our 20 st.
10 carry ont these vews appoiQIsd, The day after
I'm ~ inc ~ Gsynn an engineer Of high repnta'
n lae the proper places TO be selected for tn
Sc''lcn ~ temporary for,incations limiting him 10 ths
n's. co"nonsa psn possible He made tn examination
ana rendered nus report Designating ths proper points
have since sent Col Aston TO carry into eIc, what Co
.wynn had reported upon there as far az the coast
Elliott has the same order towards peaufort TIe was
charged with three twenty pounders for Rufort
he supplied but our means in this articalr ara p,msI
and for the present we shall be compelled conne our
selves 70 a few points.
think we wild finally have to rely )re permanen,lv
upon these armed and equipped steamers a regula
system Of police II there many obstacles way
Of sta0nng permanent coast garrsons except at per
manent points There are many preparations necessary
and many points that need defence. My situation has
been 40 embarrassing in the new position the State ha
assumed forming under complicated circumstances al
most new government, that II has been impossible for
the executive TO attend to every detail fully and mme
diately. Every section demands something, and each
feels neglected the want is without delay.
In addition TO this almost any plan that may b.
adopted viii meet with obectons, because, perhaps, Il
may not be the best and most 5cientihc; and, II our
means were ample, yet under the pressure OF sudden
emergencies and in the face great ch ,nges that
being made every day in the state Of the country the
plan adopted may be the best that could be proposed
der all the circumstances Of the As far the
ecntve s concerned the most energetic measures shall
be pursued, with view to nothing but the public wei
fare. F. W. PlCKENS
CHARLESTON SAVINGS INSTITUTION.
Under existing circumstances the trustees of this nst
triton feel compelled tosuspend for time payments Of
the demands from depostors as well as those who have
already given notice of their desire to withdraw funds al
future given period, and in taking this important step
the trustees deem proper TO state the that have
induced them to do So as well to give brief state
ment Of the present condition of the institution.
II Is now nearly seventeen years since II com,
menced operations, and during oil Of that period
hap n mt nd afao1v Of da-
positoTs beyond the amount Of drafts with the single
ception Of few months during the commercial embar
the trustees has been TO the receipts in what they
believed to be uDquestionaby good and available Sc
thus Invested n rst OF real estate in the
city, State and city bonds and stocks; also stocks in
the various banks Of State, all of which con-
dered as good securities as any Investments that could
be made in our State, and readily available ut almost
time, either for sale or upon which borrow money
but at present all descriptions Of stocks and securities
are very much depressed and could os,y be sold at
ruinous sacrifices than the feel that they
would be justihed in submitting to, such course
would of necessity materially impair the present cond
ton OF the institution, and thereby depreciae the in
terest Of many depostors for tho convenience Of small
portion In this connection s proper to state that
the present credit of profit and loss the books Of the
institution about hundred thousand dollars beyond
all liabilities.
Should any depositos desire to withdraw their funds
under any circumstances, the trustees will pay them in
bonds secured by mortgages Of real estate bearing
seven per cent interest in stocks, State cOrpo
ration bonds at their par value and thus settle their
accounts.
There many depostors Of small sums, who might
be put to serious inconvenience IL deprived Of the prv
ege Qf drawing them in Of necessity urgent calls,
and such parties might ordinarily be supposed to have
few other In these would be the de-
sire Of the trustees to do all they could consistently to
meet such demands and while they would not deem it
expcdent TO make any positive conditions TO pay amounts
TO stipulated limit, there would be every disposition on
their part 10 make favorable response To these
but they would reserve the privilege Of Judging OF each
when presented upon its merits and necessities.
with this representation OF facts, and their views the
trustees hope that their deposors will cheerfuy defer
their claims for time and they rest assured that
every exertion will be continued 10 keep the institution
in its present sound condition.
CHARLES H. WEST, President
JACOB r. STIRxER, Secretary.
CHARLESTON, January IL, 1861.