Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1866-11-08
IMPORTANT DECISION CONCERN.
= ING "CONFEDERATE"B BONDS. .

lMPORIANI. DECISION ONCEtIN-
ING "CONFEDERATE" BONDS. !
T. In the Probate Court OF Sumter CO.,
Ala, decision has been rendered, of
(which the following are the points:
II. The ordinances of the State Conven-
ton, and the different acts of the Legsla-
ture for the protection Of administrators,
executors and guardians, are valid !; and
investments made by them in good faith,
in late confederate. securities under. the
color of law, will now be upheld, loss fal~
ling upon the estate, and not upon such
executors, administrators or guardians.
I ''3. Contracts made during the war
which recognized the Iawfulness of Con-
federate bonds and treasury notes, and
which were then valid, will not be pro-
| npunced void.
8. Collections of debts due an estate, by
the personal representatives, in Conteder-
ates Treasury notes, will be upheld if
made III good faith, even though the debt
was due before the war, and the notes be-
came worthless in the hands Of the admin
iotrator. Il.
81. Where rights had already vested
before the surrender, or acts had been per-
formed under the laws then in force, the
public policy which existed at the time
sucll ii ghr accrued, and not present pub
| lie policy, will control the questions Of
! their legality; and loyalty to the n National
Government Ices not require interference
with such past transactions, if honestly
made, and in accordance with the laws OF
the State at the time. er IjTf i
3t"5. The administrator in the case, hav-
ing III good faith sold large amount of
cotton, 10y the advice and order Of the
Probat Court, in 1868, for fair price,
and having taken anote tor the purchase
money from the purchaser, which deliv-
cred TO the guardian OF the heirs, and at
forwards collected by the guardian in
!tC 'ntederate money, is not liable to account
again tor said cotton; although the sale
WAS made with reference to the market
price in Confederate money }.t.t ~ RS Il.
MANUFACTURES OF THE SoUTH.-Ihe Co
! lnnhns (Ga .Eaaqu5,ey has the following
/ encouraging, account Of manufactures in
| that STATE - ass ,lof 3s.} ,af vi 4s0. \ +
| The Augusta factory on the 1st inst,
/ declared a dividend OF five per cent. As
it was declared at the end Of the third
quarter Of the year, we presume that it
was the third quartery y dividend OF the
year. A profit OF only two cents yard
on the cloth manufactured by lit fpr the
year ending 31st August last, .(6.41o,OOo
! yards,) would amount to about twenty-five
per cent, on its capital stock. (S6oU,oOoD
! and we may very reasonably Conclude
that the profit is that much =per4y ard
! The first prices tor cloth of this factosy's
weaving are lower than those Of the same
/ description ofsgoods made by Northern
! factories, aud a. considerable proportions
/ 1.-THE cloth Of, the Augusta factory is sold
ia, the, = n ortbern markets. These .E.ces
ought, to satisfy every doubling Thomas
of the profit there is in manufacturing COT
ton at the South, whore tits grown. asar ~
| i Wilkes BoouH-T The La Crosse 1Deuao-5
crtst does not believe that j ohm Wilkes,
Booths dead. It says.:9@; has s.,4a,,1>+s NJ
/ ~ The papers are now q having much to-
say about Booth. whether he be dead or
not. j ohm Wilkes. Booth was alive on the
|, 18th day Of July, 1866. The man who was
killed was not Booth, but another person
murdered in order to obtain the reward,
I offered for his capture. Time will ,nnrav-'
| el the ball Of mystery now connected with
tthissafair, and show up the 'heanties Of
Stanton's detective, system. Again We
repeat earnestly and certainly J, = that ohm
Wilkes Booth never was taken 70 Wash
Ilington. either, wounded Or dead, aid that
lie was alive a nly oftIliis, year; ! as,, 1,
f. :, ----s- -s-----a@. ..s.zs9 !,