The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1851-02-12

1t Is published in tho. City OF Charleston,
at ono dollar per annum.
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A VOICE FROM UNIoN.-rhc following
Resolution was adopted by an overwhelming
majority, in q public meeting Mt Unionville ON
Monday last.
Be it therefore Resolved, That the citizens Of
this District in selecting delegates to the State
Convention will require the candidates to pledge
themselves to vote for n secession Of the State
of South Carolina from the Union simultaneous.
ly with such other States ms may express an in.
tention TO do SO; or alone If the other States re-
fuse 10 JOIN her.
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[For the Banner.I
TO The Stockholders of the Wilmington and
Manchester Rail Road Company.
GENTLEMEN:-An important crisis in
the affairs of your company has now ar
rived. A question requiring the most ma
ture dclibcration, tho most serious considera-
ton, for its answer, is now propoundcd.--
How shall this Road be built?
You have spent your labour and money
upon tho contemplated Road, anticipating
the stock Of your company to be the most
profitable in the Southern country. You
have the best data, upon which to predicate
your conclusions Of success; you have u
prosperous agricultural country in which
your Road is to be constructed; you have
ilourislling Roads on either terminus rs
feeders to your enterprise; and, in short,
every consideration Of importance in estima-
ting the value Of such works, urges you TO
hasten its construction.
With the brightest prospects Of q proftn-
bis enterprise before you, the work was
commenced. It's progress has been slow;
too slow, indeed, to enable you to realize
any immediate profits from tho lal,our and
money already spent. No part Of your
Road has yet boon put into operation, al
though your energetic officers have done
all i'll their power to hasten the work.
These officers. though cncountcring diff
cultics which have seriously embarrassed
them, have yet, so far, successfully opposed
all obstacles 10 the progress Of tho work.
Tie obstacles to the progress of the work
are now increasing daily, and with their in.
crease, the ability Of your officers 20 oppose
them successfully is fast decreasing. The
work is now requiring n greater outlay of
money than before, and 10 NEE, this increas.
cd demand, money is raming. How shall
this money be provided
This is tho question for your consiIera-
ton; tnl i. is low for you to say, whether
you will by granting the desired aid. put
your Road into operation at an early day,
or whether, by Withholding that aid, post
ponc 10 an indefinite period, the completion
OF the work.
Yoa are all familiar with tho estimates of
the Engineer; the $4,000 is the
lowest cost Of tho Road; and you are also
advised Of tie Significant faei, Tint if this
ei;isEr sSstsn''sa ~ ~
that sum Twill DO chez aser buili,
and of course. the mdst prre.laabfo ia Stock!
holders. Now let us look at tho books of
The Company for n moment, and SEQ what is
ITS present condition. Tho whole amount
OF Stock subscribed by individuals amounts
to SIG0,OnO: tho subscriptiontof tho State
of South Carolina is $500, 900, making tho
ag .sregatc o fStock subscribed for $500. O0O.
This statement shows that a balance Of
S6G0,0Oo must be provided by the Company,
bcio7c the Road can 60 into operation.
Again; the books OF the Company show
thai SO miles Of the grading has been com
p!eicd and received; tina, the balance OF
tiio work is under contract. and will o
he completed, and that a considerable Dor
tion OF the supcrstruc,ure mas been fur
nished. When the whole OF the grading
mas been completed, and the timber placed
npon The track, the present means OF the
Company from subscription will have been
exhausted. Those OF us who have had
contracts know full well, that we have
not been pad enough. and conscuuen,ly,
We are all really 10 admit, that the Compa-
ny has lost nothing by The ilnprovident man
ngcmcnt OF It's funds. This, then, will be
the situation o! The Company; the Road un-
Inns he'd, all Is resources expended, and The
whole value OF The work entirely lost; for
It would be insulting to common sense to
urge the consideration. that the Stock
holders can never receive any returns, un-
Il! the Road IS put into operation.
we wHi now suppose, that we have the
Road graded, and furnished with the tim.
hcrS, had let lis look around, for the means
OF It's completion. The State Subscription
OF the S2OO,000 is tho only available re-
source left us, aud this has bccn subscrib-
cd under such restrictions, that il is available
only, FOR the completion Of a vary short por-
ton OF the Road. This fund applied, and DO
miles OF the Road in operation, we arc once
more stopped for wan, OF means. Suppose,
nov, We can obtain by subscription or
Otherwise, no further supplies OF money 10
W-. 80 .-L1