The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1849-01-31

to Columbia June 1912. The Receipts Of the
Branch up to that ,tirne-25 years-wert
$3e,63s, or the income to the Company from
the business of the Branch was about $50 600
Number OF bales of cotton carried to Charles
ton from the Branch 6.669.-Lpngth of Roat
67miles,, and cost at the time of completion
including cost of survey above Columbia and
but exclusive Of machinery S2.5s3,OOO.
The Camden Branch was opened to Middle
ton-10 miles-about lst April ls4s, and to
Camden about lst November l545. The
gross income to the Company from the business
of this Branch up to 3lst Decrmber was
S46,000-and Of Cotton 800 l,ales-being
tor nine months from the first opening of the
Road. The Branch is 81 miles long and cos
including (say $4,000 for) machinery and
outfit $780, 0,000-farther comment on this com
parison is unnecessary.
a "Stockholder" gives long list Of works
that ought to have been commenced seven
years ago, among other things "renewing the
iron on the whole length Of the Hamburg
Road" We presume he did not mean thai
this work should have been commenced seven
years ago or within two years after the present
rail was put down, that would have been an
imputation on the former Managers, which we
suppose he did not intend.
But let US make SOME estimate of the cost oi
the work Stakeholder says ought 10 have
been done within the last seven years.
Renewing the iron on the whole
Hamburg Road" at present pri.
ces-4 years ago the price OF
iron was double what il is now, 100000
sc: ossng the Savannah h"-low
estimate, $4,000
Working our way round the In.
c|ined Plane, 100000
Extending the Road to the
Wharves -" Building new De.
pots in Charleston -" Work.
shops, &C., 100 600
To he expended in seven years. S96O,O0O
or $4,000 per an u very nearly equal to 5
per cent on the Stock of the Company. Had
the Board anticipated a Stockholders wise
advice where would have been The Dividends?
The correspondent of the Evening News in
saying that "Mr. VI. Lane under unmistakable
signs of dissatisfaction from prominent Stock.
holders felt constrained TO resign" did not state
the uhole truth.
The Bainore and Ohio Rail Road was
ommenccd about the same time as The S. &.
l.. & e. Rail Road, when very little was known
on the subject They both had to wade through
a series of very expensive experiments. and
both now are just emerging from their Difficult.
ties. OIker works, which have prof,ed by
their experience, are now in successful opera.
ton, without having been subjected to the
expense of their predecessors. At The time Of
their greatest difficulties, the Stockholders Of
the Baltimore and Ohio Rail Road Company
sought for suitable individual 10 navigate
their bark through the storm such q person
they found in The Hon. Louis McLaDe, but just
as he was about to bring The noble ship into
port, they hove him overheard leaving his sue.
cessor 10 reap the fruits Of his toll and his
genius We are not willing TO believe that
The Stockholders of the South Carolina Rail
Road Company, have the will or intention. as
would have us believe, to follow
heir iIlihsral example, by driving from the
of our affairs, those, whose de.
rolion and experience! render best able TO
serve our interest. l.