Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1860-06-16
PlcKENs COURT HOUSE, s. O. SATURDAY, JUNE le, 1860.

suptnlV thot TINS being .avowedly nero con
lecture, and copling from one 20 extremely
intelllciiops in the solution of aritlmnetical
problems, rs really entitled to no considers
ton Whatever, when opposed to the estimate
OF an cugineerof the highest reputation, ba-
sed upon such data as the actual careful sur.
ycy OF the entire hnc and the exact admea-
surement of all the work to be done. This
estimate is 81 ,725,000, and it may be cited
an proof OF Its.accuracy that the work alrca-
dy accomplished, amounting to one-tlird of
the whole,is entirely within the limits of
koi. Gwynh's estimate. This should be CON
elusive as to the remainder, for every de.
scription of work is embraced III the progress
already made
The total.eost then beig at s7725,OOO
And the amountalready expended
up to lst November, 1859, ac-
cording to Presidents report,
being 2,594, 900
There remains to be expended to
-, eompsh tho work S513L000
The total resources of the Comma
NY (Rcport, page - are stated
at 100000
To which must be added the new
State subscription of 10000
lhe tennessee State aid $4,000
The endorsement of thc State al
ready granted 100000
S4,8G4 900
From this sum must be deducted
the amount realized and ex-
pended, 2,50f 900
Leaving this amount S2,265,0G0
still available for the work, provided funds
can be secured sufficient for It's completion.
Deducted from 50, 131 900 this leaves def
cheney Of S25S66 600, as the sole existing OBJ
stacIe to the completion of this great work,
end the fruitful cause of all the clamor and
yl9Icuce with which its further progress is
fopposcd. The patriotic and rejecting citizen
should ponder these plain truths That a
noble enterprise, comforting great dignity upon
the State, and promising large contributions
to the general wealth of her citizens, has been
undertakcn under the approving Judgment of
all her leading men. That $4,000, 900 have
already been expended upon its construction,
economically and effectively, accomplishing
onc-third of all the work to be done That
$500, 900 moro are pledged for its cdntinu-
ance, aud finally but S2,S6G,000 being now
necessary for its completion, the weak, iucon-
slant, andignoble proposal is seriously made
to sacrifice the 50, 100000 already expended,
renounce the benefit of the 1920 900 condi-
tlonally secured to the Company, and abandon
the whole enterprise Can any conduct be
conceived better fitted to express to the world
the admission of our OWN dccrepitude and I'M
potency, than this weak abandonment of
great purpose, deliberately adopted, and persc-
vcringly conducted to the very door of success
But to return to the question of taxation.
The existing deficiency in the resources of the
company has been seen to be 81 100000. OF
this amount it is proposed to raise about
-Sl,00O,00O on the company smotgagc bonds;
and it WILDE admitted OH all hands that there
ought not to be any difficulty in accomplish
ing tRisj but the adyersaries Of the road choose
to insist that if the State take another step
she will have to shoulder the whole enterprise.
10 put the matter in its worst aspect for the
taxpayer let the calculation be made on this
basis. The entire sum of State contribution
then would be as follows
First State subscription, $1,000, 600
Second State subscription, 100000
State endorsement, 100000
Existing deficiency, 2,666,000