Semi-weekly Camden journal. [volume] (Camden, South-Carolina) 1851-1852, 1851-02-07

tie year 1850, the increase j. iu' SaG3!7. near
SO 900 less ihanlbe average oi rtrtisnS years.
The drie iene,sisn"t ssi,'ainsd 's short crop:
or partial susi isetisipn of fLu,in"ss -. ihe Cam.
den Branch. as the Read ,!t,rg tha, period,
WIS offered mare "f d"wu freight thau j, 'r"fild
Accommodate; and tn >tic!I an extent were the
ex#c'i"n> "r lis p"u-r, 'hai, hs advertisement.
the tran -po,iainn of Womi aud hummer were
declined 4 Supposed public grievance, whicha
was made a heavy charge again't :Ia adnnIs.
tra'i"n "fls49. not FIR refusing 10 bring. but
for not bringing as f:sst as 9fereri at 'S.aions.
On liz. consolidation the Company had no
mnIive or Car.pnwar. but that which was par
chased with the Hamburg, and which hal be.
come inadequate to the requirements vi 'he
Road. Immediate provisions for their essen.
tIal aPpuri"irances, were demanded ny your
interests. The public calls for transportation;
communication 1eere just. Thus stimulated iiy
The prospects ahead, and in which parlcipa..
ted. he C"mpan, responded TO AZ apP"aI from
kershaw aud Su nter. in the CONSTRUCTION Of
the Camlen Branch. This enir,priee was
partially c,mn1rnced late in the ,rar l545. aud
opened fi,r business, on its entire lin" III N"r"m-
her, lS4S. With no other resources buf the
revenue fp' six years, from 1914 I" ls49 ii.rlu-
sv", there VA. an average dividend offs 10 PR
cent l.aid. the debit 10 State atji>:.-,i 316, $50
'i!a's Appropriated towards the Cumnanys
IN: iety in ile Camden Road, Sl4S,655 paid
tnr Real Estate, and Improvements Oh Depots
and work shops 5276,i62 additional value
given to I.ocnmoivr and Car power, aud Mn.
chine,y in shnp>; and 254,2l9 dollars paid for
rev iron Inr Hamlm,g r. ad. Shelving an
aggregate ofaccumula.ed property. exclusive Of
The shares in the Cam.Ien Road OC- S679,B36.
and balance OF Indebtedness Ofbmt S207, ,S4o
excess. over the balance reported on the con-
solrlalion of the two Roads. The Company,
with all these improvements, and increased
::eans {" meet an argrneuting business; had on
the fist "t JAM. 1850. balance oi oiiadrb,ed.
ness less b, S6a.6s7. than the obligation iu.
CURED in the purchase OF the Hamburg Road.
The negotiation was prrdcaled I'm, and c"n.
snmatrd by heb, as shewn ot 3,0!5,757 40,
and increased afterwards by some charges u"t
tlrn embraced, aud if sys add The $I72,5l0,
!"sscd on the sale Of the guaranteed Bonds
appropriated To that purchase, il w",d swell
the am slnt 70! obligation. ncui red for that R"a'i
OF 3.le1.757 49--now represented by c"al.
pans' indebtedness on the lst January, l65U,
{" hn, , 9l7, OIL dollars.
Through all these trials and responsibilities,
was ably sustained by the Southwestern
Rail Road B.uk, and al lines very nrport,ne.
" accommodated by the Bank of The State
But there periods when mooird corpora.
lions ave forced /" protect Themselves. and
ofih-se occurred "n th- lar, French R-v"iu.
! linn, when revul>ion ia the nnney-d market,
very nrar.y jeorardrd the credit Of the Cnmpa.
~, i'll inability to meet, Immediately, its Tor.
rign obligations. The South W. X. K. Baak
notified n. of its being unable tu relieve the
Company III ils then extremity; 'hr Bank If
Charleston. on M guarantees wonIi gipea
credit on the exchange it was ,,lppo>r'l io hold
in London; the Bank Of the Stale assistedi"
the extent ut its mrans: but evrn the snm Il sf.
i"rdeL was unrGr,a! to the C"mpany's ohliga-
tons maturing i" England, and particularly tho
trresIs on thu Bonds, e,iaran by the State.
In Ibis extremity. | volunteered & private "Pe.
ration, having previously obtained the sanction
of our Agents in LONDON. by whrh a. large pc.
runary sacrifice on my pat was made, hut
the honor nt'ihe Company WAS projected, aud
it was through the high credit "fihr Company
with is Bankers in Lund"n. tha, was enabled.
upon a simple order, tn avail subsequently ofa
purchase uiirnn for the Hamburg Road, ~l,r,u
at about ,he lowest point Of depIes.ioG. Tha,
history Of the transaction adverlrd is Oh 6la.in
the d ees and was there deposiledin in explana.
lion 6fsah. accom-, for Exchange furnished,
whichisirfs,he honks of your Auditor.
Byreference 10 the Annual Report for le4D,
herewith published. and the first Of my Steward
ship you will read hastily skelchrd. the Identity
OF interests of the South Carnlina Rail Road.
with those in project in other States, all tend
ing to harmony Of union, in The social. political
and commercial relations be ween the West, the
Carolinus and Georgia. These enterprises
wern not neglected on my part. rs imposed hy
The obligations ofmy position with the South.
Carolina Road. s.- .i-
BY The enterprise Of Georgia, the waters OF
the Tennessee, through thss;yEts of Savannah
and Charleston have been bFesgbt into init.
mate communion with the A,lantic.i The Road.
to Nashville is in rapid progress of completion.
The energy ofT-nnessee has re- Stimulated into
existence the older, but not less ssfiant en-.
'rrprize, through North A!a,sms lsmpLis.
The Road from, Selma IN the Alxl6,s ieinscr.
cept the latter has been located a6s now un.
der contract. This Road hassrs.s asfhkehed at.
| trn,on 10 the route by Brandon to Virksbnrg.