The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1836-12-10


Cammissioncy i. Knoxfilis, sphsc1ibed ihs
uhp,s sum which appeared from abe scssTSg;
ihcsc scceised % be uaaiing 10 make uPtae
5cur millions. Until the ,roais shall tc deh
ni,iseiy selected. and ac,iSc operations com
Heaced. ,hc cuacrgcncy DOES MOI sesa 1e
call upon The States inscscasd, % embark %
the work as Ssockholdcrs, Mofeoscr. there
sIe some considerations growing o.li Of t,s
mode 6f constitutinx tho board OF Directors,
pfcssTibed By she Charter, as amended bt
kentacky. and the gc1aiise suns subscribed
iniisd different statcs, which render i q
measure of Obvious pradcnee 90 the pass Of
Soaith Casuiina, eilhct y procure nadiis-
caiisa 81 shs Charter tcfarc thc Subscribers.
10 make ! aec.dhiouai sptsctipssop. .
Ths acI &c incorporation passed BY This
State. provided thal three of the twenty,
Hrssilrectors should be chosen from qua.
iiiisd stockholders residing ID each OF the
Ssaies Of Nofth faroiina, aonsh carosins,
TSancssee. kensaSs Ssy 40 as g 9 Mo. and that
n;uu should be cnassn differently IRON
ali ne s,ockhoilers The amendment ". !.
terpola.ea BY KensuekY. psoyadss -, thss =
six.p ,he directors shall be- chosen f.osns
ekhoidsrs reading in 4hni state Thsls
oniy shree shall be chuscE Ep.. carnof
sshs oahcr statcs, .seas :.asg sus six 10 ba
chosen snss.srca:!y from all tho stuck.
haldcrs. This rcry rxccPtsouablc claim
of undue powar, on tho par. Of Kcn.nckys
kecarses sbsolusriy rcyoitiag when We ad-
rcrt 20 The faci. shaI the sn,;re sahscriP-
don Ia that State nEaounts yto.icss, ,is'an
H9Oa.O .OCD, and thnl NO ono person there
has subscribed sufficient number ot
sfssrsxI0 qualify him TO bc chosen iirec.
spss In This stale of ih2nge q board of siir
scetors csnnoks be osssn!xei, g sls issss
csaSd, Keniucky with tess ilsan q tsea.
aisthspaxtofx ihe stock. SonId wietds one
fcurih part OF ihc powrrs oS siae company,
Oh fha enairasy. South Esseiina swning
fise.sixiiast dc tho stock, could in ~ cscHt
have morn iIan nine diTrctors. Lean per-
celre no equitable prineiplez upon which
t.ta; holacss ;os fisc-sixths Of Tho steeka ss
Soash Carolina. shall hare Only Etan Gs-
ressuss. wi,iis sthr holdcns, ofs 6no,s stxisss
af,Sfho stock nat af South Garpiins. shall
hare Efarcn. This IS certainty aR unpfc.
codenlei snemaiy In the Organization 81
cosporaie powers. and I think tho people
OF aoalh Carolina. nase becn sufficiently
aiu0nished by bitter experiences, 81 Tue
fatal consequences Of haring thcis intec-
ysts cprsrolied by forcign and -irresPon-
s;b,e power, 10 make ihem scty cautious
in piacins the power on one side, while
,ha inisrcst 10 be Affected By i is On ths
oshss. sss1 ~. &,
IF No look 10 tho questions hat will
pfohshly afisc, ss the 5ccranere cuaent ;tl 81
;sha proposed work, The danger Of .hss
sspsrasion of power and responsibility
will bs obvious. Upoa every principle,
The road should commence a Chsrlesso's
and proceed coni;aaousiy on towards IT.
Wesiesn serminaiou, ~ least until the
money eon,s;buied In South Carolina shall
bs expssdsd. And set is will DO In tho
posef Of tho directors out OF the Stale,
10 reverse the operation. and ,sxpcnd the
whale sum subscribed by the citizens oi
this State. in Ken.ueky. where 50 small
sum has been srbscribcd, U.s.,
:, THIS presrnsiou Of unequa, psves .s t,e pasi o
Esatucky, hccosues still usosc iatolefabac when w
sIsrfS tn ihn caases that gave tisc 70 " ~ uf
Charter ~ paed By this State, ana all thc osncss
@xG60t AEHtucky, ts0SS - -
i.ssosa ~ s,nrihnaa The telaec inicrppiaied Sy
require. .s., as n s ss ;ss
tr that shry carr sss hSsd s 'osn ss,, b,snss =
ISsissiiis i, also ,sqaires lila. branch shall b
ssd sa = :,vs. m.S,ss, ,.o Iss ss.ass,
maS;ur tocr,srr sou,c $50 eaiics Of Rail Road OBJ
vonssy xsssrsss their own in.cssss and merely q
sncsnassdats ,wo to~ns In k1nsaeky, snd to q
urc the pesfcsusauce Of useSc n,nst uuteasonanls
appdisiens, they arc moreover rc5uifed 70 Aen
tncky three directors gf.saiiously.
There 10 practical view Of Tho snbject thst can
rake ], sfsa tnsefrst of tho oompaay .cf tho gfest
paSiic eoneerned in The contemplated work % cover
Kentucky NTH Bail Rosds for The priyiicgc Of ss.
siae shfodgh the Hsa,e. y
III thes Road gacs 70 che Ohio River, some OWE
ooi,,t On that nssj should be srscctcd. This wtl
command acasiy al the trade, that would be com.
r,,ndrd hy tha three that are proposed IL either
CsssinnaH es Louisvii:e should 30 selected. II wiii
issusy al lnacss Cs.aursre ~ the ROAD vii. prpha.
E,ye hs shsa i, ecnveY And a. Ohio has contriba,
tea asasoss nothing q, t,e stock Of The company u
waah Be r1ach ihe wiser course 10 carry Tire k'ad