The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1872-08-09
Marietta Georgia. Friday Morning. August 9, 1879

was recommitted to the Bond Com
mittee.
The following resolution introduce
ed by Mr., Hall, of the Committee,
was taken up and agreed to.
Resolved, That the bonds of this
State amounting to $6l4, 900, secur-
ed by mortgage on the Western &
Atlantic Railroad, which were pre-
pared and executed by Governor
Jenkins, and subsequently endorsed
or countersigned and put in circula-
ton by Gov. Bullock, be, and they
are hereby recognized and declared
to be binding on the Suite
SOUTH GA. AND FLA. H. X.
The following resolution, submit
ted by the Committee. was also
agreed to:
Resolved, That the endorsement
of the States guaranty upon the
bonds of the South Georgia and
Florida Railroad Company was
made in compliance with the Consti-
tuition and the act granting the aid
and that said endorsement is here
by declared valid and binding upon
the State.
GOLD BONDS.
The Committee further submitted
the following resolution:
Resolved, That the Quarterly gold
bonds of this State, under act of Sep
TENDER 18th, 1870, aud which were
issued for the purchase of property,
or sold in the market by agents of
the State, be recognized as good and
valid
2 Resolved, That the Quarterly
Gold Bonds, issued under the act of
September 10, 1870, and which
have been hypothetical with Rus
sell Sage, viz: from 2,00l to $500
both inclusive, and money borrowed
for the State on such hypothecation
be redeemed by prompt payment
of the amount of money borrowed,
together with the accrued lawful in
terest.
Mr.. Mcmillan offered the follow
ing amendment:
That Immediately after the words
"agents of the State" there be in
serted the words "prior to the pas
sage of the act providing for an in
vestigation into the issued and in
dorsed bonds of the State, viz De-
cember 1871" Mr.. Mcmillan stat
ed that Mr.. Clews had telegraphed
few days since that he had sold
one hundred Of the bonds at 664
cents. He doubted the truth of the
representation If such were the
case, however, such sale was unau>
thorized, and Mr.. CIews knew it
himself; and the object of the
amendment was to disclaim such
sale, and to condemn the assumed
authority, when Mr.. Clews himself
knew for eight months that there
was a question of invalidity attached
to them, when notices of the investi-
cation had been published, not only
at home, but abroad.
The resolution as amended was
then agreed to.
MACON AND BRUNSWICK.
The committee then submitted the
following resolution, and on motion
it was made the special order for
Wednesday next:
"Resolved, That the States guar
anty placed on the bonds of the Ma
con and Brunswick Railroad Com
pany, is binding on the State"
The committee stated that for the
present they were not prepared to
make further recommendations.
STATE ROAD MANAGEMENT.
Mr.. Sneed, in behalf Senator
Clark, submitted his minority report
on the management of the State
Road under the Bullock administra-
ton, and on motion 500 copies were
ordered printed.
The following bills were read the
first time:
Mr.. Crittenden: A resolution re-
questing the Committee on Educa-
ton to consider the propriety of is
suing bonds of the denomination Of
500 and upwards, to settle with
the teachers of the State for the
years 1870 and 1871.
Mr.. Etheridge: To legalize thu
sale of real estate by executors ant
administrators, catDs teStamentO, ir
certain cases.
Mr. Anderson of Cobb To ex.
empt the bonds of Cobb county
from State, county and municipal
taxation.