The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-01-31

FREDERICK A. SAWYER Collector
WILMINGTON AND MANCHESTER RAILROAD IN
TILE HANDS OF REoEVER.-The Wilmington
Star makes the following statement in relation
to paragraph under the above head which
appeared in The NEWS of the 9th inst. We
assure our contemporary that our information
came from source that we believed to be in
every way trustworthy, and that we cheerfully
publish a correction Of the errors into which
We appear to have fallen. II may be added
that the remarks Of the Star arc 80 clear and
definite that they need no word Of COMMENT
In the first place the Wilmington and Man.
chester Railroad Is not in the hands Of 3 re-
oeiyer for the benefit OF its creditors" MIR. d.
| II. Drane was appointed receiver under de-
cree Of court giving judgment in favor of only
one creditor, whose claim amounted to about
ten thousand dollars. Mr.. Drane has nothing
] whatever to do with the operations OF the
| road, and when the earnings cancel tue deot
| Tor which he was appointed receiver, his Office
expires.
In the second place we have authority to
deny that MIR. Drane, while President OF the
company, ever procured 5000, 600 UPON credit
of two years, the result Of his negotiations
being principally to obtain $500, 900 at an IN
terest OF seventeen per cent. per annum, the
principal being payable in monthly instalments
So tar as the change in the executive officer
is concerned, it is presumed that q corporation
| has the right to make any such changes when
ever those who hold majority OF the stock
experiments" While we would not allude to
the 'swell-defned policy Of two years expe-
rience" which was "thus Overthrown," we must
denounce the implied attack which is made
upon the ability Of the present management,
the injustice Of which win be evident when we
state that under its regime not single dollar
ofnew debt has been contracted, the road being
operated upon strictly cash principles. It is
only the old debts which are now bearing 30
| heavily upon the company, and 1t Is
to relieve this pressure that the present
management is now straining every nerve.
| How well their efforts are seconded by
such articles as the one quoted above,
better calculated to ruin the creditors and
| crafty the enemies Of the company, for such
statements unless corrected, will cause such Q
panic among the former that the company will
be entirely unable to stand up under their
pressure, and the road will pass into the hands
| Of it's bondholders, when both stockholders
and creditors will lose everything. 1t is for
their interest, then, that such statement.
should be promptly contradicted, for their
safety depends entirely upon the success OF
| the negotiations now pending for the relief OF
4 the road.
We are sure thlt none will more deeply re-
| gret the unfortunate statements which we have
corrested, than the gentleman whose position
| they misrepresent, and the editors who gave
them currency, and we doubt not the latter
will hasten to correct the impressions they
have created, by giving publicity 10 our COM
ments.
TIED Up BY THE THUMBs.-This is one of the
medi@val tortures that has come into fashion
with the late war, since which time "cruel and
unusual punishments" have boon abolished.
If we are not mistaken, it is now in everyday
use in almost every military prison or guard
house all over the United States. But it may
not be generally known that this means OF dis
cipline has been introduced into the ranks Of
private lfe A negro woman in an adjoining
district married (since the wary an e1-colored
trooper who, for some reason, to us unknown,
recently displeased her Gege lord, whereupon
he deliberately went to work and tied her up by
the thumbs. Quite an improvement on the
old fashioned ''poker" or "hickory." It has an
air of higher civilization-the punishment be-
ing administered coolly and dispassionately
Our informant further stated that in the case
Just mentioned the thumb was pulled Off at the
second Joint, but this last TACT needs confrma-
ton.
HOTEL ARnIvA1s.-Charleston Rotel.-J. a.
Howard, city; J. q. Echols and daughter, Lex.
ington, Ga; G. A. Seaver, New York; ]. W.
Brawley, Georgia; Mrs. McH. Quinn, Mrs. D.
A. Rodda and Richard Berry, Chas. o. Bou.
telle, Beaufort J. H. Cathcart, Winnsboro'
W. F. DeKnight, wife and servant, Washing.