The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-11-24

CRUuBs.-The iron front of Mcssrs. Cameron
4 Harklcy's building wss taken down yesterday
in safety.
scatrolding was erected in front OF the First
National Bank building yesterday, AMI the work
men will remove the raised letters Farmers
and Exchange Bank" near the roof, and subsii.
tutc those OF "7'hc First National Bank" The
work will be done by Me5srs. ]. II. DGyercuX
Brother.
A gong has been fixed In tho Orphan Iousc
stccplc t. facilitate the alarm in case Of fire.
The I,ongshorcmcn's Union will send delegates
to the State Labor Convention at Columbia.
The Citadel and garrison were inspected yes
tcrday by General Hnilcck.
The detective and police forces are now entire.
ly separate, and I'll for the detectives must
be given ut their Oflcc.
Ohcor Quinn arrested yesterday Luke Vincent
and Harry Stevens, two dcserters from the
American bark James Il. Eaton.
TUE NEWS is indebted for the compliment of n
very pleasant scrcnedc TO the newly organized
Phoenix brass band, composed OF co!urcd men.
The bachelor Club, u new organization OF this
city, will hold their anniversary meeting to-
night, when the retiring president, Mr. John N.
Touhcy, will be presented with u silver goblet.
MEETING op THE STOCKHOLDERS OF THB
BANK OF CHARLEsToS-A number OF the stock
holders Of this bank assembled in the hall OF the
building yesterday morning. in accordance with
q call published In the daily papers. On motion
Richard Yeadon, ESQ.,, was called TO the chair
lie stated that the object OF the meeting was to
to hear the reports Of the President and Board Of
Directors and to taSe such action as was deemed
necessary to resume business. Mcssrs j. D..
Aiken, W. NJ Lawton and M. =. o'CoRnor were
appointed Il committee to ascertain IL quorum
was present. Alter an investigation, it was re-
ported that no quorum was present, but upon
the statement OF hr. George A. Trenholm and
others that the present meeting OF stUckhold0rs
was the largest ever hold for years. and that no
quorum had been obtained for twenty years, il
was determined to proceed with tho business.
Hr. W. b. Lawton, from the Board OF Directors
then read their report, which heartily endorsed
the action OF Mr.. g. 7. Lowndcs, the president OF
tho bank, and commended the ability with which
the affairs OF the bank had been managed since the
war. In consideration OF tile eminent services OF
hr. Lowndcs during that period the directors Of
fcrcd resolution that the sum OF SIC, 600 lie paid
him as an additional compensation, and that s25oO
be paid the cashier, Mr. VIM. Thayer, for his close
attention 10 the affairs OF the institution during
the same time. The report was considered as
whole and adopted unanimously.
The presidents rcpsrt was then read by the
cashier. showing the manner In which the assets
OF the bank had been husbanded, and how the
liabilities were met. In May Q, 1865, the out
standing circulation was 81, ,be5 CAS- this had been
reduced to $224,A3, nnd. from capital OF So eOO-
600, fully $500, 900 had been saved The stock had
now market value OF $25 per share. A state.
ment of the assets and liabilities OF the hank, a.
appraised by Mcssrs. II. Ii. DeIIeon and J. Fl. Will
son, at the close Of the war, and on the 18th in.
slant, confrmedthe rattcring exhibit OF the,prcs
dent. On motion, the report was adopted unani-
mously, and the thanks OF the stockholders re-
turned to the president and cashier for their able
management OF the finances OF the bank.
Mr.. Il. H. DeLeon offered o resolution that the
directors be authorized to apply to the Logisla.
ture for an amendment to the charter OF tile bank
by which the stock would be reduced from So
600 to 900 in shares OF s25 rach instead
OF 500, the present par value, and that the num-
Der OF directors be reduced from thirteen to seven
After some discussion this was adopted, and the
stockholders having passed resolution request
Ing the directors to take snch steps as were me-
eessary for the speedy resumption Of business the
meeting stood adjourned.