NV oAbo l'Oi bS Db SANI a ANNA.
To his Excellency the Minister of War and Marine.
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ISTEREsrISG DECfsoS,-The Court of Appeals of South
Carolina has recently made important decision in regard to
the rights and duties OF banks The case, stated tho
Charleston Mercury, thus The Charleston Bank lent
$780, 000 and received pledge stock the Railroad and Bank
Company the five hundred and forty four
collateral security The note not paid maturity, and,
at the request Of the debtor time given from December g.
1885, to January 4, 1912, whcn after full notice. the stock
sold in open market y broker and bid off at the full
market price by the President cf the bank, who caused the
amount OF sales to I've carried to the credit OF the debt The


stock hid oil at about per share. some months after
it appreciated and sold considerable proht In NO
vembcr, sf5 this bin filed q compel the bank to give
credit for their resale the ground that beng trustees to sell,
they could not buy themselves, aud as trustees must account
for all their profits 10 their "c que triSt and 80 Cham
celor lob Johnson in elaborate decree, decided An ap
peal was taken by the bank the Appeal Court Of Equity,
ad Y,s argued al its late sitting by b. F. Hunt and O. q.
Memmpper Esqs. for appellant and Mr. Bailey, Attorney
General and Mr.. Hayns, for the appellee. The Appeal
Can't reversed the decree and dismissed the BILL thus affirm
inc be validity of the sale. The Mercury says many large


o were awaiting this decision, and thousands would have
been put in litigation il the decree had been sustained


The Boston Mail that, Tuesday nIght a'ef le-
desco had concluded beautiful ga gentleman rose ui
the parqucte and ndsctlmnatey tire" hS "at cane a
gircyu Ire tcct Of The pripIa d1aa "'h %ySc" us-
hghttat literally guaranteed thr "hoE mouse