The Abbeville banner. [volume] (Abbeville, S.C.) 1847-1869, 1857-05-28

TVVEt sfUr JutV(tHfWM
THE BLUE RiDaH HAttNoAn.
Wv ute .prn!ifed to ieums that The shnw,us
made by the President aud Dltrct,,ts ur ,i,is
Company to thu Comptroller General, has been
deemed by TINT able aud efficient Officer rn,iroiv
satisfactory, and has wtrrunted him IN mnki,,ss
payment OF tho Slate subscription. The Comm.
troler General assures us that he has been t,nr.
ticular In his enquiries as 10 tho gentlemen
whose nunes appear upon the subscripiion int
presented him, pledging themselves for, the
amount requisite to secure this appropriation.
and that he has never before seen a better list
The parties are all incn Of ineaus and abuntan,lv
able to pay far more than the sums subscribed.
We are rejoiced at this result, because il indicates
settled determination on the part Of the people
nhabiting the country through which the Road
paRses to press on the work 10 the final compile
ton of the Road,
The Comptroller q encral has kindly furnished
us with the following statement, to which we
cheerfuly give pluce, from which it wiIfbe seen
that much more than the amount necessary to
warrant Repayment OF the State subscription
has been properly subscribed, and that there is
wide margin, from which, should there be a
failure upon the part of any of the subscriberst to
meet their subscriptions when due, to make tp
the deficit thereby created. The work will now
we trust, be pressed onward with vigor. Already
has the cut which passes through our Town been
cleared from the dirt whichfell into it by reason
Of the rains during the past winter, and we learn
that 1t is the intention of the Company to put an
engine upon the Road in short time; for the
purpose Of hauling iron, timber, DIRT, &c: The
following is the information to which we rofer ma
having been obtained from the Comptroller Cen
eral. ;
1t is generally known that, at the last session
OF the Legislature, there was u deficiency I'M the
amount OF etock which was required to be taken
before the Company Ind right to make appli.
cation for the amount subscribed by the State
10 make up this efficiency, the efforts were
made, OF which we made mention at the time,
which were as successful as the best friend of
tho Road could have wished, as the following
statement shows: Is .
Amount of deficiency in December last, 1929.
e45, O0 New stock raised, (upon which s per
cent cash has been paid in as required,) S233,-
10000 overrunning the efficiency by SlO 365'-
CO. From this surplus fund the Comptroller has
taken and applied to stock on the old subscrip-
t,on list which he did not regard as available,
the sum OF $6,O00,0O, which still leave a surplus
Of $4,355.0O.. In this calculation the Comptrol.
Ter has not included several subscriptions Of
stock, upon which the s per cent. has not been
paid as required by the act of 1854, but which
will undoubtedly he available to the Company
ut some future tme.e ,1,. ~sS
The sum 80 excluded amounts to $4,000 !Oo-
NOR has he, IN his estimate, included the amount
which has been worked out by contractors but
for which scrip has not yet been issued which
said amount is S2.700.OO:. Nor. does he include
the omount of stock which The Stockholders OF
the Greeville Columbia Railroad Company, at
their recent meeting, authorized their President
and Directors to subscribesto the Blue Ridge
The conditions annexed to this subscription were
Of ouch character. that the President of, the
Blue Ridge Road saw fit mol to- present it as a
subscription, but it is to- be hoped that the Com
pany making the subscription win consent to re-.
move the conditions and that this subscription
too MAY be regarded us available Itamounts to
S25, 10000. Should these amounts be taken
into the estimate, it will be seen that there will
be surplus, over and above the amount ncces-
sary TO secure the SECOND subscription Of State
aid, ($5O0, ,0O0.OO,) of $36. .O55.O0.
With this amount and the amount of State
aid which has thus been secured, the Company
Will be enabled to prosecute the work for some
time to come without asking for more. BY the
time 1t has been exhausted, we trust that the
State will have discarded the narrow, selfish
policy of Gregg aud his disciples, and that iu
view OF the vast Importance Of the enterprise, nc
disposition will be manifested hereafter to re-
fuse whatever aid may be solicited. The Rond
must be built. The best interests of the State
demands its completion, and we. feel satisfied
that the efforts of its opponents cannot avail to
defeat it. II may be retarded by this opposition
but wiser counsels must prevail eventually. :