Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1853-12-04
TILE RAruN GAP RAmRnAn

Gov MANNING of South Carolina, in his annual
message to the Legislature of that State. gives
statement Of the prospects of this road, which viii
be of great interest to many of our readers As we
understand the statement of the means Of the COM
pany, it does not include the subscription Of S4OO-
900 by the State of Tennessee, included in the ON
nbus bill lately passed by the Senate If this bill
passes the House. it will reduce the means vet to be
provided to build and equip the road from Charles
ton to Knoxville to 100000. This is really very
gratifying prospect for the friends of the road.
Gov. NAMING says:
By the act Of Incorporation Of the Blue Ridge
Railroad Company, passed by the last General As
sembly, the guarantee of the State upon the bonds
OF the Company to the extent of $50 600 was Sc
cared, upon the following conditions First that
100000 should be previously subscribed to the cap
ital stock of the said Blue Ridge Railroad COMPANY
in South Carolina, by responsible persons. compa-
MES or corporations Secondly that such subscrip-
tons should be made, or aid furnished to the Rail-
road Companies in North Carolina and Tennessee
designed to connect with that portion of the Road
lying in this State, az would give reasonable assu-
rance of the construction of the said North Carolina
and Tennessee Roads. These conditions have been
complied with The city of Charleston has sub
scribed 100000 to that portion Of the Road living
within this State and Messrs. Arson Bangs & Co.
Road from Anderson, in this State to Knoxville in
Tennessee, which renders the connection not only
reasonably assured but certain as any enterprise
of such an extent can be. BY the terms of this
agreement the contractors 10 receive in payment
One-hai in cash and the other haf in capital stock
and mortgaged bonds OF the Company By this
mode of payment the ultimate estimated cost of the
Road is brought much more nearly within the scope
of the resources of the Company than is usual in
enterprises of such magnitude At rates agreed upon
with contractors the entire cost of the Road from
Anderson to Knoxville, in Tennessee, together with
necessary appurtenances including interest accrung
upon the bonds of the Company until the compile
ton of the Road. will amount to the sum Of about
$7,5O0OO0. To meet this outlay, the Company es-
innate their resources as follows, viz:
Subscription by the city Of Charleston TO
the Blue Ridge Railroad in South Car
Dina 100000
Subscription by the same to the Blue
Ridge Railroad in Georgia, $4,000
Subscription of Knoxville and Charleston
Railroad Company, 100000
Other subscriptions, estimated at ISL 900
State endorsement of bonds OF the Com
pany, l,25OOOO
be issued to Messrs Bangs& Co, being
one halfof 81, 100000 . " 3,75OOoO
100000
1t will thus be seen that the means Of the Compa-
nv will fall short Of the estimated cost Of the work
about 100000.
This enterprise Is undoubtedly the wisest aud the
greatest which has ever been projected in this
State, and the ultimate results will be beneficial
to her interest proportionably the great western
lines of road to New York, or the Baltimore and
Ohio Railroad now TO each Of those cities re-
spectvelv and commenced under circumstances
much more favorable 10 its completion. 1t is a
more important measure than the proposed Charles
I q
is a shorter route embracing all the advantages of
the other and is less liable TO the diversions of the
trade from the valleys beyond the Alleghanes, ow-
ing to its peculiar location. By arrangement
shortly TO be consummated the charters granted in
Georgia North Carolina and Tennessee, will have
all their privileges coded to the Blue Ridge Rail
road Company in South Carolina so that the latter
named corporation will exercise entire control over
tie affairs of the whole line Of the road. By this
it viii be seen that all means have been adopted to
give security to whatever capital the State Citi
gems within the State, may contribute to this great
work by combining the control Of its affairs alto
oether within our own borders. To perpetuate this !
power is in the highest degree desirable. 1t will !
give 10 the State the indeeasibe right to railroad
communication from Knoxville, in Tennessee to
Charleston and the exclusive power to control and
manage the affairs of this company; thus establish
ing in perpetuty highway of trade and travel from
the remote West to our own seaports the value and
importance Of which can hardly be estimed.
By the communication which was established by I
the charter between this department and the Blue
Ridge Railroad Company, have been enabled to
ascertain that by the terms of contract between
Messrs. Bangs q Co., the work was to be com
menced on the first of this month--and that large
portion of the surveys completed, and found to
present fewer obstacles than was at first supposed
A location has been made for tunneing the Blue
Ridge, and work allotted to contractorS-that their