Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1855-03-07
THE SAVANNAH VALLEY RAIL ROAD.

LIE dNdNNd0 NA41L4L4 3&1S ~SSA~~
We Gull the following in reference to the
Meeting of the stockholders of this company
at Calhouns Mills, from the Valley Pioneer"
1t is cheering news.
We have lust returned from the Calhoun Mills
where, on Tuesday last, pursuant to adjournment
The Stockholders of the Savannah Valley Rail
rnad met in Convention; and though wearied
and fatigued, by long drive through the mud
and over the hills, We cannot forego the pleasing
task of heraldinQ TO our readers the gladstone
tidings that flow from the glorious results Of
the meeting The Convention was we'll attend
ed, and nearly all the Stock was represented
The City of Augusta through her skilful, un-
firing and faithful representative, Dr.. j. NJ. Hill
appeared with proposition to subscribe the
sum of S5OO,OOO 10 the Capital Stock Of the
Company, which being referred to special cen.
nitlee, was hedged, guarded and restricted
within certain mutual conditions, and reported
10 the Convention with resolution of accep-
tance. The Convention after ample discussion
and due deliberation accepted the subscription
with the conditions and upon terms proposed
by the Committee, subject, however to further
negotiations between the City Council or their
Committee, and the Board of Directors Of the
Company The conditions being clearly within
the bounds of fairness and berality, will we
are assured, receive the sanction of the City
Council, and final ratification on the part OF
The Board of Directors. This gives the ComPa-
ny reliable subscription Of something over
Sl.lO0,000, and secures the construction OF the
Road. So The friends of the enterprise may SET
down aS 81 fixed fact" the successful termlna-
ton of their undertaking for in the event that
the Augusta subscription should by any possible
means, be defeated, the Company are able, and
determined, with their own resources, TO CON-
,mence the work and build the road.
On The second day of the meeting, the Con-
venton went into an Election for President and
Directors, which resulted in the selection Of
Counel John A. Calhoun of Abbeville, to the
Presidency, md Messrs. Daniel Brown, J. w.
HARRISON John Brownlee D. NJ Rogers, w. B.
Dorm Robert Jennings James Tompkins, Ncho-
las Merwelher, Charles Hammond, J. W. Stokes
Josiah Sibley, and J. J. Backwood, as Directors.
This Board combines intelligence, energy, activl-
~, and practical common sense; and while their
ability TO perform is conceded, it is hoped and
believed that their action will be prompt, vgor-
-ous and effective.
The following propositions, which. after con-
siderable debate were accepted, subject how
ever" as the Pioneer says, ",to further negotia-
tions between the City Council and the Board
of Directors
lst. That the Savannah River Valley Rail
road is not to be tapped BY or connected with
the South Carolina Railroad.
3D. That Five Hundred Thousand Dollars
subscribed BY the city of Augusta, should be
sufficient to complete the Road, and put it in
running order without further calls on the city
of Augusta.
3d. That said Five Hundred Thousand Dol
lars is to be furnished and used in insalments
az the work progresses, and as proportlonate
subscriptions are called for and expended.
4rh That the Company shall build and keep
up substantial and perpetual Free Bridge
across the River at Augusta-said Bridge to be
laid with lion Rails for the transportation Of
Freight in cars BY horse power.
5h That Augusta and Hamburg shall be on
the same footing us the rates of Freight and
Passengers over the Road and no preference in
anival or departure shall be given in connection
with either place.
6t That The Road shall be commenced at
H mburg and so soon rs twenty miles are CON-
peled the Bridge is to be built
7lh. That the Road be built sufficient dis
tancc from Hamburg upon Tresllc Work, TO
prevent daming the River. In case the Legsla-
lure will not allow the company 10 span the
Bridge with rails, the city agree 10 comply with
lis part OF the contract by having free Bridge.