The independent press. (Abbeville C.H., S.C.) 1853-1860, 1855-07-20
The Greenville Railroad.

eAAS
convention Of stockholders had not COM
pleted its session at the hour the Press was
issued last week, and we could therefore
give but meagre outline of only a portion
of its proceedings.
This week we have the pleasure of pub
fishing the Report of the President and
Directors, which is the best exposition Of
the affairs OF the Company that could be
given. It will be found an interesting pa
per, written in a style eminently suited to
tue popular taste and understanding, and
Cannot fail to meet the commendation of
the public as it did that of the stockholders
before whom it was read. 1t would be
useless to say more of it. yet we cannot
pass it without expressing our hearty ap-
proval Of the high tribute passed upon the
worth of'the running engineers and others
on the Road, and Of the motive which
prompted it-a disposition to give honor
where honor is due. We always honor the
man whose high position does not raise
him above cognizance of worth and mer-
it in those below him.
1t was resolved in the convention that
bonds Of the Company to the amount of
two hundred and fifty thousand dollars, if
necessary, should be issued and sold for the
payment of the floating debts of the Com
pany. The issue of bonds for the refund
ing of assessments was disagreed to, on ia
king stock vote 1t appeared to us that
a majority of the stockholders were in ia
vor of the measure, but those who voted
negatively represented the largest stock.
We thought the decision wise one.
The amalgamation of the Laurens Road
with the Greeuville Road provoked some
what excited and interesting debate. There
were some warm advocates Of the proposed
union, the most prominent of whom was
Judge O'NEALL, who urged it with consid-
erable force Of argument. 1t was of such
kind, however, as appealed more to the
neighborly sentiment of the stockholders
than to their pockets. Judge WARDLAw
spoke rather in favor of the union, though
he had not investigated the subject enough
to decide entirely either way, and it was at
bis moving the question was postponed.
Messrs. THOMPSON, of Abbeville, ELFoap,
Of Greenville, and several others, opposed
with much eanestness and reason. The
whole matter was finally referred to COM
mittee of nine, of which the President of
the Company is chairman, to be reported
on at the next annual meeting in May next,
which is to be held in Columbia.
The. subject Of building the Ninety-six
connection, and of the extension of the
Road from Greenville across the mountains
to Ashville, North Carolina, was referred to
the Direction for consideration and man
agement We presume, therefors, the sur
veys Of both projects will be prosecuted.
They are both certainly very important to
the Company, or will be in certain contin-
gencies. s4s.~s g.
Fident; and ": MoBEE, THOMAS NJ. Cox,
J. P. REED, ]. WHITAKER, JAMES Git
LAM, CHARLEssGiIFHsJ. B. O'NEALL, s.
FA1R, d. NANCE, J. M.ALLsH, w. M. Law
TON, and D. BLAKE, Directors.
The fiscal year was changed to dste from
the first Of January instead Of the dnt Of
Complimentary resolutions we're passed
to the President, Treasfirer, and Bookkeep-
[er for the ability with which tk1f rspto.
|HyA duties Msts; discharged. gz u. ! !,