The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1876-12-14

TEE New GOVERNOR IN HIS OFFICE.
Without any formal Inauguration,
Lieutenant Governor Hubbard, few
days since, became the Governor OF
this great State, as the constitutional
successor of the late Governor Coke,
who has been elected to the United
States Senate. To be the Governor of
such State as Texas is q great honor
and great trust. Possessing breadth
of territory, fertility of soil and
wealth of resources sufficient for an
empire, genial and healthful n eli
mate, with a population of nearly
two millions, and capable of maintain
ing twenty millions, and with the in
terest OF the whole Union and of the
world directed to it, the future, even
the near future, OF Texas s wonderfully
promising. Aud Governor Hubbard
commences his administration with the
confidence and god wishes of all
classes and all parties of our people.
And we must say that he promises we'll
to justify the hope with which the
people look forward to his career.
Talented, highly cultured, with long
and large experience in public affairs,
devoted to the welfare OF the people
of Texas of all sections and parties,
strict in his adherence to the Consti-
tuition and the laws, and with courage
to do his duty in any emergency, his
| administration should be great and
honorable one. Governor Hubbard
comes of one of the highest and best
schools of gentlemen the South has
ever produced. AS lawyers, divInes,
statesmen, orators, writers, soldiers
and thinkers, the disciples of this
old Southern school have filled the
South, the Union and the world with
the fame of their deeds, their thoughts,
their eloquence and their manhood
| and character. Governor Hubbard
bears himself in his office with the
cultured suavity and dignity becoming
the race and school from which he
| sprang. For his own sake, but more
for the sake of Texas, we wish him a
prosperous executive career.
CREDIToRs OF G. r. johns & Co.
According to announcement the credi
tors of c. R. Johns & Co. met Monday
at the City Hall. A large crowd was
present, and under the circumstances
acted with much order. Col. Peeler
opened the meeting by reading the no
tice to the public from c. R. Johns s
Co., which appeared in Sundays
STATESMAN; also. his own statement
as assignee. He then stated his duties
to the creditors, and said he had asked
them to meet him in council. He
felt satisfied that if moderation was
shown and time given, not cred
! itGr would lose dollar, and expressed
the hope that everybody and every
thing might work toward such an end.
Major Johns was present, and after
Col. Peeler had finished his remarks
he came before the crowd and adj
dressed them in the most feeling terms.
He said the house of c. r. Johns &
Co. had been embarrassed for time,
but hopes had been entertained up to
Friday night that money would be OBJ
tanned upon collaterals to preserve the
integrity of the house; that deposits
had been received on Friday, while
uncertainty hung over the house, but
that these deposits, except from those
indebted to it, had been carefully laid
away, in marked packages, to be re-
turned to the owners after decision had
been reached that the house must sus-
pend. He stated that the assets, at
low valuation, were so far in excess of
liabilities as to give promise that with
time and good management the house
would pay every dollar, and have an
excess; and further, that upon such
action, should this not be suffi-
cient to pay of everything, he
and his partners would turn
over their private property to do
SO. His remarks were received
with universal applause and seemed
to give general satisfaction. They
were spoken in honesty, and were so
accepted. After this the regular meet
ing was called to order. The follow
ing is the official report:
A meeting of the creditors of c. R.
Johns & Co. was held at the market
house. at 10 o'clock A. NJ, December
IL, 1876.
On motion of A. P. Woodbridge. the
meeting was organized by the appoint
ment of Walter Tips president, and
Jas, P. Mckinney secretary.
On motion of Mr.. McCreery, it was
resolved that . committee of five of
the creditors be appointed to confer
with c. r. Johns & Co. as to the con-
| dlIion of the affairs of the firm, and
that said com nittee report to an ad-
| iourned meeting of the creditors, no.
tice of time of said adjourned meeting
to be advertised by said committee 10
tina newspapers of the city.
On motion of DR.. Graham, 1t was
| solved that the president be author
ned to appoint sald committee of five
creditors, whereupoD the president APP
pointed Messrs. G. Crow, A. ]. Jerni-
gan, James Il. Raymond, W. S. Hotch-
KISS and A. p. Woodbridge.
On motion, the meeting adjourned
1 ,,,kl BALLAD nv fha COMMITTEES NJ fec