The independent press. (Abbeville C.H., S.C.) 1853-1860, 1854-09-30

the entire capital Of the Company, with bal
ance of $2,Gl7 SO.
This report has been subjected to the
scrutiny of the Stockholders, among whom
arc many sllrewd, practical men, alive to
their own interest and that of the Compa.
ny.
That the Stool; of the Company is worth
only 60 cents in the dollar is nothing
strange or unusual 1t is tho fate of al rail
road Stocks, till the roads arc firmly est:tJ-
lished, and yield handsome profits. Consult
the history OF tho railroads in this State
and i'll Georgia, indeed, Of the Whole coull-
try. You will find that, in the beginning,
their Stocks were all low, selling often for
not more than so or 40 ceuIs il the dollar.
.Sllrcwd men took the advantage of this re-
duction, and made large fortunes. They
who wish to buy Stock Of the G.eenvilIe &
Columbia Railroad at co cents to the dol
lar had better do SO at once. In short
time it will be out Of their power Unless
all reasonable calculations arc bafilcd, not
many years will elarse before it will be ut
par and probably above par. The road has
passed through its severe ordeal. It's di!li-
cu!tics arc pretty well over. "ZNc darkest
hoHr IS just bctcrc day,' and it is fair to
suppose that our dawn is near at hand, when
all will be bright before us, and no tongue
will be needed to tell of os,r prosperity.
These romarls have been made with no
view Of lauding the Greenvillc d. Columbia
Railroad, but 10 meet objections which one
Of your Committee has suggested to me since
my arrival in this village. That road needs
now no commcndation. 1t stands Cor itself.
Let the rejecting look, and Judge for them
selves.
The sum Of the matter is, that advanta-
ges are now Offered to you for building Il
railroad, Which you are not likely again soon
to have. To construct this Road will take
not less thon $sOo,o00. by raising $3.50,
900 of private subscriptions, the Company
offers to build tho road for you : to take you
as stockholders, with all the privileges anil
rights belonging to them, Will, exemption
from all future assessment, and with the full
assurance of dividends from the first year
after your subscription.
Can you build railroad yourselves
Where is tho money to come from? And
how much better off would you bc than the
Stockholders in the Grecnvillo & Columbia
Railroad? You would find that your Stock.
too, for number of years, would not exceed
60 cents in the dollar, and years might roll
around before your Company could declare
dividends. Every new Company has its Or
deal to pass, during which their prospects
seem gloomy, and their difficulties hard
to surmount. You could not expect to cs-
cape this ordeal.
Judge then, for yourselves whether or not
lie n mt 70 hi - !
in conjunction with the Grccnvile & Column
b;a Railroad. At all events build the road.
1t will bring you immense benefits. If it
takes another direction, your losses will be
great. # Eagefeld does not bring rail
road to her, she aOiU go to The railroad.
Rival towns will soon make their appear
ance, and your village must fall into decay
and ruin.
Before closing his remarks Mr.. Perrin beg
ged to express his thanks to tho ladies for
the interest they were taking in this noble
enterprise. When generous deeds and lib
cral contributions were called Tor, they were
generally the first to respond. They had
done SO in the dark hours Of our revolution
ary history, and by their smiles OF encour-
agement, had aided materially in carrying
out many Of the magnificent enterprises Of
our country. For his part, he was willing
to leave the contributions to this road entire
ly to them, being we'll assured, that tho road
would be brought to speedy and happy
completion.
Mr.. Perrin sat down amid the applause of
his delighted audience. Every one was con-
vinccd by his persuasions. It is confident
ly hoped by the friends of tho enterprise
which this meeting was intended to pro-
mote, that his words wcrc as "sccd sown in
good ground" to bring forth at an early
day thirty, forty, aye, hundred fold.
As soon as Mr.. P. had taken his scat and
a stirring piece had been executed by the
spirited "Edgefcld Brass Band," Judge But
ler was called ont and greetedby his old con-
stituency in manner that must have been
truly gratifying to him. He arose in res
ponsc, and for lralEhour fixed the attcn-
tion and aroused the feelings of every list
encr by one Of those off-hand harangues for
which he was in his younger days so justly
celebrated. Many CLEANS Of the old fire
were still perceptiblc. 8 ~
Gen. Bonham was also called for and re-
sponded briefly, fcclingly and pertinently.
Many thanks are due the members of the
"Brass Band,n = for the anisnating. music with
which they enliveued the occasion And
much crcdit belongs to Mcssrs CoYar & Good
man for the admirable style in which the
1iDpor ,,ranoraI s-s .. =