The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1860-02-14

CHARLOTTE Il S. &. RAILRoAD-The annual
meeting of the c. 4 S. c. Railroad Co. was held
in Columbia last week, the proceedings of which
we find published in the Carolinian. The old
Board of Directors was reelected, viz: VIM John
ston, j A Young, J H White, A B Davidson, of
Mecklenburg; \ B Springs, York; McAliiey, H
Brawley, Chester; w R Robertson, E G Pal
mcr, Fairfield Fisher, A r Taylor Rchland ;
j Caldwell, Charleston Mr. Johnston was re-
elected President.
The net income or profits are S157 619-being
an increase over last year Of Sl1 ,02O 81.
The committee to whom referred the Re-
following report:
The Committee to whom referred the reports of
the officers of the Charlotte and S. c. Railroad Com
pany, beg leave report that they have had the
under consideration, and find them in every respect
satisfactory. The business of the Road especially in
the matter of its increased travel together with the
greater economy that has been introduced in the ad
minstratiOn of its affairs, particularly gratifying:
and justly entitle the officers the continued conf
dence of the stockholders The committee of opin
ion that this line of railway when it shall have recev
ed all the improvements in the shortening of distances
of which it is susceptible will become of the
popular lines of travel North and South and that the
income of the road must continue to increase from the
same Your committee would also suggest that
the recommendation of the Engineer and Superintend-
ent of the road, in relation to increased accommoda
ionS for the 'buildng repairs and painting of cars
should claim the consideration of the Directors But
the attention of the committee has been particularly d
rectcd to that portion of the report of the officers which
relates the construction of the Atlantic, Tenn. aud
Ohio Railroad, beginning at Charlotte, and passing
Statesville n. c.. and JoncSboro Tenn. to the Ohio
River, thus connecting the great Northwest by direct
line with the Atlantic ports of North and South Caro-
lima. Seeing the immense extent of fertile country
which the building of this road would open up the
Charlotte Railroad, and the consequent increase of
business that would be likely to from it, your
Committee are unanimously of the opinion, that it is
the duty of the stockholders of this road contribute
efficient aid to its construction. The portion of the
Atlantic Tenn. and Ohio R. R. to which your commit
tee would call your attention at this time is that which
lies between Charlotte and StateSvie, the \. c.
Western Extension and comprehending distance of As
miles. From the favorable character of the country
which the road would pass being the ridge be-
the fertile vallics of the Yadkn and Catawba
Rivers and from the estimates of the Engineers toge
Their with the actual lettings of the grading of the first
224 miles of the road at S2S O0O little 1900
per mile, your committee fully satisfied that the
whole road Can be built a cost not to exceed $780,
OOO They would therefore recommend that sum not
exceed S25OOOO be contributed by the Charlotte and
ton of said Railroad in such form and upon such con-
ditionS and spulations be agreed upon by the
President and Directors of the respective railroad
panes. f. G. PALMER, Chm
We learn that the above recommendation does not
contemplate actual subscription of S25O0OO to the
Atlantic Tennessee and Ohio Railroad but endorse
ment of the Bonds of the company to that amount or
an exchange of Bonds.