Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1853-12-07


Ultimate estimated cost Of the Road is
brought much moro neatly within the scope
of the resources of the Company than is
usual in enterprises Of snch magnitude.
At rates agreed upon with contractors, the
entire cost of the Road, from Anderson to
Knoxville in Tennessee, together with ne.
cessary appertenances, including interest
accruing upon the bonds of the Company
until the completion Of the Road, will
amount to the sum Of about S7,5OO,O0O.
To meet this outlay, the Company estimate
their resources as follows, viz:
Subscription by the city Of Charleston to
the Blue Ridge r. r. in So. Carolina S5OO,OoO
Subscription by the same to Blue Ridge
Railroad in Georgia. o49,ooo
Subscription Of Knoxville and Charleston
Railroad Company. 5UouoO
O,h,r subscriptions. estimated ut l5l 900
State endorsement of bonds Of the compy ,25uO OOo
Estimated amount Of stock aud bonds to
b.. issued to Mss.s. Bangs e. Co.,
being onc-half Of 81 800, ,0pO........ 3,I5OOOo
ss,7ooOOo
1t will thus be seen that the means of the
company will fall short Of the estimated cost
Of the work about 100000.
This enterprise is undoubtedly the wisest
and the greatest which has ever been pro.
icctcd in this State, and the Ultimate results
will be as beneficial to her interest, proper.
tionably, as the great western lines Of road
to New York, or the Baltimore and Ohio
Railroad now are TO each of those cities re.
speclivcly, and commenced under circum-
stances much more favorable to its compile.
lion. 1t is moro important measure than
the proposed Charleston, Louisville and Gin.
cinnati Railroad, because it is a. shorter
route, embracing all the advantages OF the
other, and is less liable to the diversions Of
trade from the valleys beyond the Alcgha.
nies, owing to its peculiar location. BY an
arrangement shortly to be consummated, the
charters granted in Georgia, North Carolina
aud Tennessee, will have all their privileges
ceded To the Blue Ridge Railroad Company
in South Carolina, so that the latter named
corporation will exercise entire control over
the affairs of the whole line OF road. BY this
it will be seen that all means have been
adopted to give security to whatever capital
the State, or citizens within the State, may
contribute to this great work, by confiaing
the control of its affairs altogether within
our own borders. To perpetuate this H"''i,f
Is Il, t.:c @i"i. a ,..=.r.." --":'lc- j AZ
g,:s IL ,l.-. ]s:...is:f.,o-,:
.!.il~,:.' 80, ,-'s, ii.n !l,3. u'r, l
'..g"lz,.. ,2e. a,E,. i4r
prna7 v>.tT& thila. u Ss.';,S ~.
3,:s coc,, ,tay ,sslaa any ,gera,=!g.
Thr oSs>, 5--'-' *
ans 'mpegt1hG5 5f VILE. ~" "FFs'5 - -
':.....ne!
il ,.'.li;..3 t3fesa rc:aits i:,'l a.n'.'.;i,
,e sa,< u SUCH a highway Of trade aad
travel through the State will exercise great
influence upon her internal prosperity, The
improvement of the upper portions oil the
State-the increase in the value OF property
the many increased facilities it will give
for commerce ce-the employment Of their ia
Dor in construction expenditure Of
.,a,r,e sums among them fnr material and me.
4, .'.,> al skill--and tie increased vanc that
will be p.i:en to stock in railroad companies
.!..cady in existence, in which the State also
is largely interested ARC considerations
which must influence your calm Judgment t"
promote bv every safe and jndicious means
the successful accomplishment Of this great
work.
By the communication which was estab.
lishcd by the charter between this depart
ment and the Blue Ridge Railroad Compa-
ny, have been enabled to ascertain, that by
the terms of contract between Messrs. Bangs
L. Co., the work was to be commenced on
the first of this month-and that large por,,
ton of the surveys are comp! ted, aud ionnd
10 present fewer obstacles than was at iirst
supposed. A location has been made Tor tun'
neIli ,g the Blue Ridge, and work allotted to
contractors, that their preliminary arrange
mcnts are in a state of forwardness,-that
the Districts through which the Road VIII IT.
pass in this State will abundantly supply all
the necessary labor,-tbat the citizens both
in this State and beyond it have with extra
ordinary unanimity ceded the right OF way
without compensation,-and that every cir,
cumstance tends favorably to an early anu
thorough completion of this enterprl. e,
which was projected by the President ana
Company with 50 much patriotism and zeal
aud prosecuted with such signal industry anu
ability. :,
have thus laid before you at some length
but as briefly as possible, all the facts IN my
possession with regard to the condition o.
the Blue Ridge Railroad enterprise. no"
recommend that the State subscribe to the
capital stock Of the company the sum o
$3.50 600, in order to put the enterprise be
yond tue reach Of ordinary reverses, and II
this way to secure to the citizens resiuin5 II
this State the control of a majority OF TN
stock of the Company, in reference to TIT
contingencies which may frcquentl y arise
where trade aud commerce are to DE con
,rolled for our benefit. Nor would such
step be UNUSUAL or partial, since the Legs
lature has not only extended important all
10 railroads constructed entirely within th
State, but to roads which have been project
ed beyond its limits, as in the case OF tn
Charleston, Louisville and Cincinnati Kan
road, and in the Wilmington and Manches
ter Railroad. The endorsement of,he bond
of the Blue Ridge Railroad Company cannc &c
be regarded as a subscription, tor 1t is total