The Camden weekly journal. [volume] (Camden, South-Carolina) 1853-1861, 1860-07-03

(ralher sIlarI ~, tllinE)Edn a speech delivered
Iv me at Eig, Gr!.' toure House, on sales day
Of November last. II,
Il was IL. .Ilrrssr,! icsamcelirg conf 'sed o
rot exceeding one l.HllGtI'! gentlemen, and was
soon after published iii Aorr jdnrr;al Of l0!l
| November last, 10 vliel3 paper beg TO TSte'
the pHb!ir. m
coed u rrluia!nu Of Mr.. '.l"ln''S statements
as could desire, Lrt II ~ may Lot be dorc
therefore Lcg tia, Il will publish what
have TO say oil the s,;ld.t.
Had AIr. Trcil,e!m 8 ken tic trouble 70 re
fresh his arrn:o, I,y a Hrrcncc 10 my specci'
rcrl.ars his lanI aid Ehjusifale r'ma'k 4
would l:ayc been ncfTy, icr liIrrc is crl'aini..
olire in it 10 torltr, ad tua for his lorg ARA.
o4incorrec, figrrrs Howf|rAIr. T. ns devialc'
from,tlrc common rifles dfi il"pricty in,lis mat
Ter, leave tic rull:c e Judge. qEolc I'll
following rom Mr. rs i;Ner'
cnAnlfs|t@; April 4,.lscc:;
IlGA, siRiszasisii ~! inlrrlisio;, la
6; -Sfnd That if lllFSsr h'Gge k"ai is
rorli@rrt, the State lax az Icgros will soon hc
increased TO five dollars 1A r"rit", ard that
this hclicf his been aGop;cf or !lc authority Of
Mr. Gregg.
The opinions oi this gentleman OH all pr"ctl-
ral subjects arc always ls!eJed 20 with attention
lv tic public, rcram dill nsrd on the present.
ncsiss;Sn, TO treat them lilh lcvlly. At Tic
same tine we :! ,nnlh all I'D &c a suitable respect
for our own understanding ara OF i'r wiilliG
TO Vi Id our convictions irlllrl'Iy |" the c"Eti"i
al
of mere authority, or slIL or eyes "G;li'St II {
np,crnt;or OF pInin al.srrlitics Though Lind
respect for their approximations.
What WIS really said IN Mr.. Gregg III his
,r,c,l ,t ! ,Ir, field Corh House, in Nuvtlabrr
fif ,l;at is lie orcas;on rticrrr TO-, WIS that il
,ho ro,d should cos, &I:,GCG, ,nDC, the tax nn
nrgr,,s would he raised e !2.5e' h"t:o be
Iirvr. Ec'"rc proceeding t" rXH'nlEr Inc cor
rect ess of this opinior, We VIII hrirhy rc'''"
one or two "thr- statrlneis made hy Tie trca-
krr, in order 10 slow loN Elite safely 'hrir Is
III accepting, wiiost ,Xli!l' "'o' The 'i''"''l'",
+, II or rrasor ing cvrnofl!'rmrst p'aciir"I ana
cx) clicHcr,!. Speaking Fi lie Ellie l'i'''!"' "'
New loIk, he aIrgrt! lat Il i'ni ro>t '"r'!
uiInlS of ,!oT!;,ls, aMtl tlr shares "lrg LOW at
s. curl, ,or slCb paid in j; followed that this
rr.at work was w:":fh II tic estimation "i, 'H'
puh!ir. only five per crf'. an 81. ,fco,0Co or
Lot II ore ihan 2,UCc.Ucc. What are the real
tar,s Of the case! They are as follows hat
tie ,oarl cost E3A,0Co,tv0 I; that lcIrg t"t
with slr.CUc eco OF s,.l.scrihr'! capital and
so4 ,0CC,n0o of.Lor,nwed money, 1t I"'Ir'ws,
when ,hc shares still s.Il nj IS, that. in the
opinion Of tie prhIic, tt. l""'l'S worth the en-,
tire sum of :o4 ,gCrGGO of mortgage debt ard
s5Cc.LCr of the sul.scril Cd capital in addition.
In this. there is rol hing c"'lrct"r"I' Tor there
came from EngaEdin September last C"l',lII's-
s;onrrs c'nlhctl by the ErEil'h Stockholders
with lower 10 advance m'lc money, il necessary,
to cxlricatc the Company from cXIstIrg cnlCar-
iiGsSIneEt<.
Here is = mistake tLcn, on the part Of Mir.
GREGG, of $4,000, n,o0c il stating the cost Of Il
work Whose history is to Ir f"nndln every news
paper in the country, and aI' rrrn; "i :2?,2Oc,,
UUu in estimating It's present value, effected
,Lrourl, dctlrctinn, OF which the ta!Iarv Is
co.'s picl;oHs enough to arrest The attention "f
the mrrrst two III ii i4'rG<. ii Is true That the
Stockholders have lost rarIy their entire capi-
,,I lint ,is is the result Of cii on and vices That
IL, uot ,,,.rh 70 ,l,c administration of Il single
railroad at the South. This is lrll clol;glr,
hit lc WHO undertakes 10 cnlightcn :c prblic
mild on .!: ",;r, shulid, at least possess the
f,rul,v Of ,Iisrrilu;,:a,i,d Ertwrcn Il loss of IS
nr IGCCc.uCu and ord Of *36,OC0,000.
There caurot e i M ore striking exhibition
OF inaccurate statistic, asd li'llHrln''s reasoning
,L.,r his mi, - It shbu.d he the following
Mr.. Gregg, i'll the Earnc speech. declared with
the utmost soclmtr, a!i made The declaration,
he said, on his rrslni:SifIl iy, that when ialgS
G. 70 wr,c dismissed from the Blue Ridge
ro,J onc miH.on # dol I"rS had already hcen
wasted, thrown away, and ut rrIyy lost ny the
company, through misloF cation OF the road, work
iuptrfcctIv done, and Id sscs atcndamtnpo the
,aiiurc Of Bangs L. Co. Now the question to
Lc asked is, how much bad the company spent
up to the period Of BarIga dismissal VI the
sum cypcrdcd M 10 tlat time, 100000 had
been lost how much, Il len, had been expended
rho nronosition can hardly be stated with
gravity ard logici is litdray put out OF conntc'
rance 10y the verr alsultlty ana drollcry oi thc
entire problem. The }otal sum expended by
tLo rnmnauv, for cond Traction and all Other
nu,nosrs mr. m to the dn of Bangs g. Co.'S dis
,rm;slol WIS $3.50, 900. LAID Mr.. Gregg gravey
alleged that ont of hiS9S"m atIcast 81 'ooo,ooU
h,J hcrn wasted and utterly lost.
Tho s;,nnlc truth is. at substantially not q
1oII,r L:d been was I'D or lost in ANY way
I whatever"
Now I dory that Lfxpresscd any opinion OF
that occasi 90 hing taxation. stated
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