The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-07-09

ana made from sfOuc which Is much
heavier and harder thnn any now
known Of, have been brought to light
One of these axes. found by Mr..
Parker. WAS tested by hin. Hs cut u
rod Of iron in two with it, and no per
ceptible effect was produced upon the
axe by the operation. This relic has
been sent to tho Worlds Fair for cxhi-
| bition.
A BANK IN BANKRUPTCY. = rbe Bank
cf Looislnnu went into bankruptcy a
few years ago. and its history since
then has been rather remarkable our
for defnnct institution. 10 glance
over the figures that have| grown upon
IL from the time st went out of business
to the present, ono would suppose that
bankrupt banks were made especially
for the benefit of com mmissioners. na-
signees and attorneys, aud for the dis
traction and demoraiization OF unpro-
tectea creditors. For two years ser
vices, three commissioners are paid
SIS, 900. Then two littlo attorneys
drop in and carry away SI2. $50; then
two more little attorneys carry away
50. 600; then two other little attorneys
so off with $1,000; then three ud,n-
tional attorneys pass out with 81 O0O;
and then another little attorney doprc-
catingly conveys to the right pocket of
his pantaloons 50. 900. a burly United
States Marshal now steps in, and snys
So. 600 will cover his expenses. S24 900
for unnlentioned articles or services
follows these amounts. and then Culeb
Cushing and more little attorneys are
sent away with $4,000 Two per-
spiIing nssignees next take $40, TO 2S
each, and IL law firm gathers IN 81. 500.
Some clerks and other persons then
mechanically transfer to themselves
good deal more than $4,000, and tho
whole amount Of expenditures has
reached the magnificent sum of Sl10,-
95O-and thirty cents, if you insist on
knowing tho entirs amount. AS the
affairs of the bauk are not yet wound
mp. and rs there are some more assets,
more legal talent will probably be ne
cessary before tue great work is
brought to u conclusion.
UNITED STATES DISTRICT CouEr,
CHARLESTON, July Judge Bryan
presiding. "A final hearing on the 30th
July was ordered in tho petition for
tiunl discharge of Rnfus Froneberger.
and the case referred to Registrar Car
peuter. The assignee's report rs to
exemptions in the matter Of Willis G =.
Harris, bankrupt, was confirmed and
approved. 1t was ordered, in reference
to the petition OF Joseph Erwin. as.
signee, for payment of costs il the
mutter Of L. II. Crecch. bankrupt.
that the assignee pay froE, tie pro
ceeds OF sulc OF property heretofore
ordered the costs of the petition. In
the petition Of Louis u. Muwry and
VIM. Mowry. to establish lien IN the
matter of AbSalom Wilson, bankrupt.
the Judge ordered that the report Of
the Registrar be confirmed, and that
the land bo sold. Proceedings with re.
ference to the sale Of the Laurcus
Railroad came up for hearing. The
attorneys in tho case were Mr.. -. T..
Corbin for plaintiff and Mr.. j. q.
Presley for defendant. The point III
discussion "as the right Of certain c!
the stockholders to sell the rond. Mr..
Corbin opposed the sale, ON the
ground that the offer mndo was not
sufficiently concise rs to tho repairs
that would be placed upo" Tic road,
and that there was not sufficient qua.
rantee that the money would be paid.
After hearing the reply of Mr.. Press.
ley, the Judge confirmed the report OF
the assignee. Mr.. james NJ. Bnxtcr,
with reference to the private sale OF
the road.
Under the head OF "Cnstcr ana his
Thieves" the Chicago Times says oi
the present expedition to the country