The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1852-03-02

panyy, when made available, may not
discharge.
Exhibit appended to this Report,
shews an estimate Of tho cash pay
ments required this year for tho va.
rlous portions Of the work and the
items to which it can be conveniently
approxlmatcd, and also the means in
the cou,rol OF the Board TO meet
them. 1t is thought that this can bc
done with the means III hand even ii
1t should be necessary to sell some of
our securities at their present market,
value, which they suppose may be
avoided by plcd.inS them if ncccssa,
ry i'll getting accommodations for
present requirements Of money, and
thus hold item until they can be re.
deemed by other funds of the Com
pany from subscriptions and other
wise.
PROGRESS OF TIE WORK.
You will perceive by the Report
of Mr.. F!cmlning, that 15 - niles
Of our Road from its Junction with
Inc Camden Branch to onmtervillc:
IS con, con, l''esea. ana III Operation, ANA
though, all accurate account of the
cost ,2s1, icahnot %. no" Oe asccrtainrd IRON
the unsettled state OF somc Of Tie ac-
5counts, yet they appear sufficiently
4 to shew that it has netaexccc,;cd the
2es'''',a'es' t'o"5.' tnat portion Of the
wa" mas iro'h lis iocaaoh ana DIN
CUT Sfa"cS III inc "atcrec swamp,
ana 'he scarcity OF timber been esu-
marco ,W as lhe most expensive.
ne business OH t'iat PORTION Q; TIC
Iesoad' you VIII perceive, IS such as
10 warrant 'he Conclusion that 1t has
! not -, heretofore been over estimated.
sss. Inc causes heh''ohcu IN tie En-
queer neio'' 1oi u uelaJ IN com
R'eti"S t'''s PtrI oi inc hoau, could
i.ot 10. nave easily Dccn oO'ia'ed or
4ipfeseca AZ your 'ast meeting, and
eTcll II 1t!Sy could, (s"ch as the
zssSstSat.C,!tv ana III II price of labor)~ We
had not then the control Of sutlicicn,
means to nave fully obviatcd them.
When /. was necessary to hire force
aud commence on the Conn aMy's
account the unfinished grading CON
tracts and others it was at a season
Of the year and in location which
rendered the obtaining a sufficient
force uttcrl ) inpracticable, except at
cxoybitant prices, which it was not
believed prudence and plolr!cty
would Justify. The work, however,
has been steadily pushed by MIR.
Fleming with AL the force at his con,
troll or III his reach, under the }er.
sonal superintendent Of MIR. Solo.
mons, with a yea! and fidelity it is
felt but an act Of simple duty to men
ton III terms Of commcula!ion.
At the commencement Of this year
it was though Il lvi5ahle to secure a
permanent force for tie year, a large
portion Of Which WAS needed to keep
the Road in good condition. the WA
ter stations and freight cars proper
~ attended, and which in cmerycn-
cics can be concentrated Mt POINTS
where it may be necessary to prevent
.lclay in laying the track; ani such a
folcc is engaged rs il is believed will
be sufficient to push the work with all
tic rapidity practicable. From Sum
tcrvil!e to the Great Pee Dee, the
preparation Of tie Road is such that
II is not regarded promising too
strongly to say that we Shall reach a
point Sufficiently near the Pee Dee
to take Of the crops Of that region
the present year, if offered.
For full and succinct account Of
the progress oi the whole work, the
condition Of the contracts, and the
probable length Of Road which will be
| put i'll operation during the year, you
are respectfully referred to the Re.