The independent press. (Abbeville C.H., S.C.) 1853-1860, 1857-08-28

p'e iirt OF item. l men II las been ISccr-
tanned to his satisfaction, that he can pro-
cure any number OF contractors for any
amount required, applications for near four
hundred thousand dollars of work having
already been made or signiiicd TO linn in
Anderson and Abbcvillc, TO finish the
whole grading from Anderson TO Hamburg.
n gentleman of rcliahili'y and much cxpe-
rlcrcc, was then present with him, who
came prepared I" propose and take con
tracts from one hundred TO three kun,lrcl
t!l"u>and dollars, sustained and sanctioned
10y the largest capitalists in Anderson D.s-
trlct and the upper Country. The terms
upon which these gentlemen propose TO Go
The labor are these. They ctirr TO take n
contract, for instance, for three hundred
thousand dollars, and upon being pail one
hundred thousand, they agree TO take one
hundred thousand dollars Of stock in The
road, and one hundred Thousand in bonds Of
The company. Thus it will he seen, that
for ore hundred! thousand dollars Of actual
cash, three hun,I!c'i thousand dollars worth
OF the bni!din% can he accomplished. ]'ur
sung this p'an,-ol the stock that has
been subscribed, about two lunlrcl ahl
twenty-five tlIousaiI dollars will be paid
in cash, aud for !llii cash and an equal Il
mount OF stock. and Il like amount of the
company 5 bonds, other adventures OF un-
doubted means aud responsibility, are pre-
pared TO execute and fulfil contracts for
three TINES that s,.:n in work. IN the same
way, with the one hundred thousand dol
lars still TO hc subscribed, the President
promises, easily to cause portions of the
r"a! {" lie constructed Of the value Of
three hundred thousand dollars.
From this statrmcn, Of Il gentleman of
so much intelligence and practical linowl
edge of Rail Roads. no one can doubt of his
ability TO ''makc his vauntiug tue" In
further prosecution Of his scheme, he has
confidence that when he shall have his gra-
ding finished, hc State will have no hesitation
III endorsing tic loms Of the company, So
rs to enable il!'m to purchase their iron,
and perfect an enterprise so feasible. so
sure 10 reward tie stock loltlcrs, so ncccs
sary to the prosperity of the people Of its
locality: so necessary TO the prosperity Of
the city Of Clnrlrsou, and may add, SO
necessary TO the prosperity and honor Of
South Carolina.
Mr.. Sloan declared that lie could sec TO
obstacles in lis way, but the difficulty of
raising the single one hundred thousand
dollms, and he firmly trusted that so slight
difficulty would soon lc renewed Ly the
enterprise and patriotism of his hearers.
The old stock holders were admoniShcd,
tEat they would he deprived Of no advan-
tagcs 10y the admission of strangers 10 con-
tracts, without thcir permission, and with
out their first having the privilege even Of
hulldlng the Whole road if,l,cy preferred it.
In fine, the remarks of the energetic prcSi-
dent, were rcplc,c with sound sense and
practical wisdom, and tempered by hope
ful and rcsolulc spirit.
Mr. Thomson Of ALbrville Court House,
was then introduced, and warmly second
ed the views of the preceding speakers.
lie entered into Il clear and elaborate ar
sumcnt in support. Of the cansc, that had
brought us together. The Savannah, River
Valley Rail Road, was elcsileratum to
the people Of the Savannah side of the
State, and it conl not l'e 4 failure. Tie
intelligence Of the citizens forbade it, their
Interests forbade it, and their duty to
themselves and their families forbade it.
10 induce subscriptions 10 rail roa:!S, it was
necessary to convince men Of their utility,
and above NIL to assure thcm o,,uius, loss
TO This end bo rc,sn,cl w;,L f,r,.c and
ability. sbow;no how tho r.,I cs,:,,n &c ulI
within the v;r;n;ty or nnr ,o,l wGuld l.. in.
creased in vnluc:how nr,lu.,s Of minor Inn.
portancc whicL oro nnw v,stoJ mcr.ly hc-
cuuse ,f tln ;nconron;onoo .r sanJ;n, ;h.n,
to market. won,l rcnav ,l,o f,rmcr f,r his
subscrin,ion -Low the wl,o,. interests Of
oori,ulturc womlI hc ",ly.n'nJ onI how ,hc
wruI,h The cor,G,,, arJ ,Io 'ron.r,l ,ros,
n.r;,v ,f ,ho n,,,n,,, wa"I, L.. ,'ro,n,,,nl
and sus,,;ned y" ,,,o oxI;,';,:on ~ ,f nrlr
small ,]carro olnriI;. sM;r;, =, III. ;mn!,r,.
ant ;unc7uro VI i'"'''' 'i''''' "' ''''' ''''
lie nredi,to, tho succoss or ,,,o ro,1
fran mauv ;us, ' oors;,'ra;,ns s,s, ,,I @ nn''', ""
others from % ,,o f'o, ,,,a, ,,,, {, ,"",, " "arG
ina R;iif"" was Ion"i' '' !" nj 'hs :"5, to tss.