Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-08-27
EeOSH ESTHC.
SOUTH CAROLINA RAILROAD.

The Charleston Courier contains communication
from Gen Hayne The President Of The Charleston, Lou
isyille and Cincinnati Railroad Company, IN reply 10
the reports that the idea of prosecuting that work be-
yond the Columbia had been abandoned. After deny.
ing the statement in general terms, and making some
remarks reference TO tie prospects OF the undertaking.
and the cooperation which will be necessary for lis pro-
secution TO it's foil extent, General Hayne goes to
explain The designs aud the measures OF HE coporailon
as follows:
"For nv own part Ihave no hesitation in saying that
whilst my original purpose remains unchanged carry
the road from Charleston 10 the West as fast
as may permit not stopping short OF the ONO
river unless compelled do by the failure OF that co
operation and support without which We have uniformly
declared it would be utterly impossible TO effect the ob
ject; yet always have been, and still most decidedly
of opinion that the work should progress Gy STEP so
that, in the event cfa failure in any part ." our cacuia
lions, the country may reap the iull benefit oil our
expenditures. rigid adherence TO this system is, IN
my Judgment, ndispcnsabiy necessary In abiding by
this safe and sound rule CT action We may perhaps dis.
appoint the expectations of those who expected the
immediate commencement OF operations along The
whole line. The slGwaess of progress has, we
know been The subject OF some complaint, and orca
sonally o! censuIe, the part oil these who were en
,irely gnoan, of what had actually been done. The
purchase Of the Charleston and Hamburg Railroad gave
US ready hands G2 miles Of road leading to-
wards Columbia, and 1856 miles to Augusta, in Georgia
we had been compelled 10 construct This road, would
certainly have cost between two and three millions
of dollars, aud the work could not have been accom-
pshed under three years. Now there is very little
difference between The construction and the purchase OF
railroad, for which, Of course, hare pay OF the
funds raised for carrying operations upwards oil
million and half Of dollars have bsen already paid to
the stockholders OF The Charleston and Hamburg Com
psny purchase But the road itself was, at The
time Of The purchase undergoing thorough repair and
il considered sound policy part TO incur any
expense that might be necessary to put complete or
der. An embankment has accordingly been thrown up,
and and improved railroad iron land down along
the whole line, at further expense TO the company oil
l,,n loha no r,rftn F
measures has been convert the Charleston and Ham
burg road from Of The worst TO OF the best in
the Union whether regard The Safety the celebrity
with which it conveys passengers, goods and produce;
and we confidently expect that, under its improved
paazation the future receipts this road will afford
satisfactory profit the amount invested in IT, But,
in addition 10 this l36 miles Of road, have laid out
our main trunk extending from Brancbvllle 10 Coum
bia &c miles, or 1913 from Charleston thdhoe Of which
is under contract Of which large portion has been
graduated, and several sections entirely finished =
It is expected that early next winter The road from
Branchvle Us far Orangeburg will be put in ope.
ration, and that within year the whole road to
Columbia will be finished, when we shall have up
wards Of t,co hundred miesof railroad IN full operation
If any one will examine The Charleston and Hamburg
road and compare lis condition with what it was two
wears seo and then extend his examination to the work
now going on between Branchville and Columbia, we
think it will be acknowledged that our work has mol
1slumbered.
ain addition to what is here stated we have establish
ed Bank, with a capital already paid in Of million
and half OF dollars, which during the six months Of
is existence, has been enabled, with the aid of the
Charleston and Hamburg road, 10 declare dividend
equal 10 about six per csnum on the amount paid in by
the stockholders. To sum up in few words the pre-
sent condition, policy and prospects Of the company
would state that we have purchased, and almost re
constructed, road l36 miles long, connecting with
all the improvements going on in Georgia, Alabama
and the whole Southwest on which two thirds Of the
purchase money (amounlng, with the repairs, near
$2000,000) have been already paid We have laid ou,
8 a..
graduation Of which great progress has been made and
which is now going rapidly. We have surveyed, BY
several routes, the entire line from Charleston TO Lex
ington. We have established Railroad Bank, with
a capital which now amounts to million and a hall
of dollars, and whose profits for the last six months
have been at the rate of eight per cent per anaum
End hope 30 to regulate hereafter
extend road step by step, Bringing into
sive sections from time to time; and while these opera
tons going to be able from the profits Of the
and the bank to afford reasonable dividends stock
holders the whole amount of their investments To
accomplish all this, il is believed that nothing is
say but the continued cordial and jealous support of the
stockholders and the country.
81 will only add, for general information that the
lnstament Of S. each share will not be called for be
fore the 10Th October next Believing that the inorma-
ton have thus attempted sord would be acceptable
to the Public avail myself of the occasion TO lay it be
fore them.
~ am, very respectfully &C.,
"ROBERT Y. HAYEE"
The Sea Serpent was seen on tho Doth ult. about 3
miles outside Portsmouth harbo by "veteran shoaer'
and four others.
His Msjes.y was again seen off our hurbor-disian,
two miles, perhsps--on Monday evening rDd Thursday
afternoon Of the present week So testify credible
witnesses" Many, hitherto ncredulous TOUCHING The
existence Of this 'monSer of The deep are becoming
strong believers therein. The fishermen complain thai
as soon az he appears the hs forsake their usual
kennebunk Gazette
ANOTHER MossrER."-A Lobster weighing Is lbs
was sold in our market Thursday. He was taken
with hook.--B.
SINGULAR MARRIAGE COSTUME Among the ridicu.
lous opinions prevailing among the ignorant though
confined, we trust TO very few is that if woman
be married without her clothes on her husband is not
liable for her debts This is we'll founded as the be
lief among portion Of the very gnoan, in England