Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1847-07-14


community 10 do his part, in proportion
his means.
will say, as it regards the President
Directors, and every person connected wit
the road, who will he under salary, tha
we should select for President, gentlema
Of known and undoubted business habits
who will he required to devote his Who'll
lime TO the duties Of the company-tha
our Directors shall be practical busines
men, and required by the stockholders L
attend diligently and faithfully to their re
spective duties; and | fondly trust VI
have in our community sufficient NUN
ber Of patriotic gentlemen, who have mad
their fortune, or are in such circumstance
as will enable them 10 devote one year a
least, or until the road is completed, 10 lh'
service of the road and their counlry's wei
fare. | am mol in the habit of hoasling
but for myself, were | so situated as to en-
able me 10 be at homo, would most cheer.
fully devote great proportion IF nv time
to this work, If required, free Of any com.
pensation, other than the necessary expen.
ses. This sentiment have expressed
freely long since. would remark in the
next place, that 10 person be elected Ia
office through favor or affection, who is mol
fully competent to perform every duty in
his respective station; aud if we should at
any time be deceived, that they be forth
with discharged. Ii is great misfortune
in such cases, that some persons, say stock
holders, will recommend their friends as
candidates for Office. when they are fully
convinced they are not fit or competent for
the place. it would in reality be better
for the company te give such persons a
pension, if they could do no better, aud get
rid of them.-Such management has been,
and will he the entire destruction of any
eulerprize. In fact. all persons connected
with rail road, ought 10 be working men.
Why is it that some stock companies pay
their stockholders 7, S and 10 per cent.
per annum, where others pay only 4, 5
aud per cent /? Mos, certainly it is owing
to the manner in which they are conduc
ted.
THE same opinion I have for years ex.
pressed with regard 10 the Girard College
at Philadelphia, which has been conducted
in the most dissraceful manner, by keeping
the work so long on hand, and persons un.
der heavy salaries, for from 10 TO l3 aud
IA years; whereas. had Mr.. Girard un.
.dertaken The work himself. aad been spar
sd16 Sila
for one half the sum, even less. why
could not The city and county of Phlladel'
phia furnish sufficient number ol high
minded aud public.spirited gentlemen to
step forward and take charge of the erec-
ton Of so noble building, by far surpass'
ing any similar one in The known world,
exclusively for destitute orphans?
| have often remarked, that every lndi-
yidual within 20 miles Of the line OF the
road, owning real estate to The valuation
of $500 10 $1,000, either with view 10
keep it, or to sell it, ought 10 subscribe Tor
one share or more, and those holding pro-
perry 10 greater amount, TO a acorrespond'
ing number of shares, say from to lO,
90, so or 100, aLd even more, and IN the
last extremity, that they make every male
member Of their family interested, from ten
years Of age upwards; aud was going 10
add that we make our wives and daueh-
,ers interested in so laudable cause, as II
is yery certain that whatever enierprlze
thew lend hand to. is sure 10 succeed
And persons who have located themselves
in the community. in mercantile pursuits
or otherwise, with view 10 making mo-
ney, ought 10 take more or less stock, even
if i, was certain they would never receive
the first dollar in the shape OF dividend.
will stake my reputation, that The farmers
and planters will be amply remunera ted
for their investment, in the increased value
of their real estate, aad the great advan'
,ase they would derive in the transporla'
lion of their produce TO market, as well a:
in getting their supplies of heavy articles
from it.
What would have been the situation o
onr country during The last year, had /
not been for The rail road Gould they
possibly, in any other way, have inIoduc
ed into the country the quantity OF gram
-four, and other articles of provisions tha
was transported on it from Charleston Il
Columbia aud Hamburg? and provided
it could, what would have been the ex
pense? How would the account have
stood with the Districts Of f Fairfield, Ches
Ter, Union and York. and The counties o
Lincoln. Meckenburg, Cabarrus and Ire
dell, in North Carolina! This year, if TIT
road from Columbia 10 Charlotte had bee
built and in operation, The present yeal
can any gentleman here, or in the whol
community, pretend 10 say the amount lhO
has been lost, or rather that would hav
been gained, if they could have delIvere
their corn and wheat in the Cuumbia a maj
kel al from 5 to 7 cents per bushel, an
other articles Of produce, &c., al CORES
pondiug rate
Mr.. Chairman, hope | may be pei
milted to say few words in favor OF tn
road, in pecuniary point Of view. As
have already slated, that depends eOtiIel
how The business is conducted. have lol
merly said that | would not give one dollt
for the road, if it was completed 10 IN
North Carolina line, and furnished viii
engine, cars, aud every necessary aPPet
dage, aud be compelled to keep The roa
up, aud in complete order. That rema'