Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-06-14

IjTCCtOIS vi l'iG Nii!l !uti''' "iio O'ioiiOS'
Railroad, the President Of the Board pub
ltshcd the following rep ", i'll the Charles
on Courier, which We copy, because it i'm
parts information in regard to the proceed
ings and design of the Board not previous.
ly before the public.
Louisville, Cincinnati and Charleston
Raj Road.-In answer to call for intor.
nation through the columns of the Mercu.
rn signed " Many Stockholders" the PresI.
dent. and such of the Directors as are now
in this city, have the honor to state for the
information Of the Stockholders generally.
1st. That Major McNEILL, and Capt.
WILLIAMS, the Chief, and Associate Engl-
neers, were appointed, not by the President
and Directors, but by the unanimous vote
of the Compcnv, at the meeting Of the
Stockholders, held al Knoxville, in January
| last.
2d. 1t has not been decided, that the
Chief Engineer :. is TO receive $4,000 per
annum for occasional servIccs-his Asso-
cia'c about one half that sum-and the Pre-
sdent and Subordinates, in proportion. -
The compensation of the Chef and Asso'
ciate Engineers is to be fixed by the Com
pany at Flat Rock in October next, when
the services to be performed by these off.
GERS will be defined, and prescribed, and
their salaries established. The Board in
directing the Chef Engineer to make the
proper organization of the Corps, directed,
" that in fixing the grade and compensation
Of the Assistants, he will use sound dis
cretion, and observe as mvch economy as is
consistent with securing the services ofper-
sons fully competent 10 the task" 1t was
further resolved, that the Boar! of Direc.
tors do not feel themselves authorized to
fix detinitively the compensation Of any Of
the officers until the meeting ofthe Com
pany on the Sd Monday in October next,
but that the Chief Engineer in concurrence
with the President, may agree on reason.
able compensation, subject to the approval
of the Company, and that with respect 10
the compensation of the Chief Engineer,
no final arrangement can be made until the
meeting Of the Company"
The President receives no salary, and
his services TO the Company, whether i'm.
portant or otherwise, have so far not cost
the Company one cent.
As to "the Assistants" Ma or McNElLL
is now engaged in organizing and arrang-
ing Them into a Corps. and assigning them
suitable compensation, subject to the appro-
val in the first instance the President and
Directors, and finally to the Company, as
above mentioned. Major MCNEIL has
been expressly instructed TO perform this
duty with the strictest regard to economy,
consistent with the efficient performance Of
the important duties required of these off.
GERS, and no doubt is entertained, that the
arrangements which will be made in this
respect will be satisfactory TO the Sock
holders.
These answers embrace, it is believed, all
the information called for by "Many Stock.
holders" The truth is, that nothing has
been done. which was not expressly ordered
by the Company, at their meeting last DC.
tobcr, when large majority of the Stock
was represented, and almost every question
was decided by an unanimous rote. AT
that meeting it was decided, that no call for
any instalment should be made, and that
nothing further should be done, until the
meeting in October next, except to organ.
izc the several Brigadcs of Engineers, and
to cause all the routes to be surveyed, $50
as to be ready 10 report on the final location
Of the road, at the next meeting Of tho Com.
pany.'
10 these duties the President and Direc.
tors have strictly confined their attention.
Instruments have been procured, the sur
veying parties have been for some time in
the field, and the work is going on industrl.
ously and satisfactorily.
The President will here further state, that
while he has felt himself constrained to ac-
ccpt the office, from an assurance that no
other arrangement satisfactory to the Stock.
holders generally, could be made he shall
be ready 10 surrender his trust on the slight
est iu,imation that he does rot enjoy their
entire confidence.
With regard to compensation, he is per.
fectly willing to leave it TO the Company
TO say whether he shall serve them gratui-
touszv, or othcrwise-and he should certain
" not expect or require what any "Stock-
holder" could possibly regard as unreasona-
bic. The President is free TO confess,
however, that important as he deems the
great enterprise, of connecting the city of
Charleston with the West by Rail Road to
be. he would abandon tat once in despair,lf
he could be induced to believe that the Pres
idcnt and Directors, instead of beng upheld
and supported by the Stockholders, were to
be watched with Jealous spirit and looked
upon with suspicion. If instead of being
sustained by that generous confidence,