The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-12-15
THE CHARLESTO DAILY NE1VS..D DECEMBER 15 1866
rHE COL UAfBLA AND Il UG UyIA RAILROAD
COMPANY

The COL U1fBLA AND 4 UG USTA RAILROAD
COMPANY,
we nave been handed the report of the pro- /
ceedlngs OF the Stockholders Of this Company, at
their animal convention, hold in Columbia,
November /, 1856; and inasmuoh as the enterprise
is challenging attention by their memorial for leg
islative aid, we propose to examine somewhat this
said Report.
We OF Charleston are unfavorably impressed By |
an examination Of these proceedings; if for no
other reason that it is evident to the most super
fetal observer that the controlling power-the I
very soul Of the movements inimical TO the
interests Of city. This road is nero ex-
tension Of the Charlotte Road, and WILL if it,
prove successful, be of great service to that road
but not in the least benefit either Columbia or
Augusta (both of which cities are looked to for
large subscriptions) to the State at large, the
credit of which is now asked for the benefit OF
this company.
We have spoken Of this before, but, as it would
seem, to little purpose. Nothing appears to de-
light some people so much as railroad in pros
pective. The barren hills Of Lexington and Edge
field it seems to be taken for granted will at once
grcen and blossom as the rose just SO soon as the
shrM whistle of the locomotive shall arouse those
ancient Rip Van Wrinkles from their long and peace
fd slumbers. From the fact Of this report be-
ing in printed form, it is fair to assume that it
was read before the company, accepted and ordered
to be published; yet it is carelessly put together,
illogical in it's reasoning, and not alto ether rea
BILE in it's statement Of facts.
First, we have narrative Of the exploits Of the
company during the fush tines Of the war, when
Confederate money as thick as blackberres,
| and as valuable tie work for which it was
I,.l. Il a.
company deserves the highest credit for his talent
in converting $1,933,9H of the sspink and blue,
money into asset Of s4s3 492 This half million,
We fear, will require little further scaling;" for
however nice an operation this may be for the
original corporators, it is not equally fair to the
subsequent subscribers, who are compelled to pay
in greenbacks.
This s483, ,492, thus artifcally and Pickwiclianly
demonstrated, is the basis upon which this road
i is to be built, at cost Of over s., 600 600. The
report does not say how the small balance Of the
money is to be raised; but, Judging from the nea-
| sures used to that end, we must confess that i.
looks somewhat like sharp practice. First Colu1n-
bia is wheedled out Of subscription because the
!: road is to benefit Columbia. Next Augusta, be-
/ cause sit is Augusta road It may be, indeed
! that Columbia will find out, when it is too late
that she is left out in the cold; that the how Of
trade and travel is not for her, but only past he1
doors. Augusta too, should bear in mind that an
old and tried alliance is better than new friends
with interests antagonistic to her own.
II The report claims this stCharlotte extension" as
senain link in the principal line Of travel fron
New York to New Orleans and appeals to the
Legislature of the State for aid. Not one word i.
said of QUE own seaport; Charleston is utterly ig
nored- That the prosperity and credit Of tn
8 State are indissoluby connected with the welfar
Of our city; indeed that the two are mutually de
pendent upon each other, we need not stop to dis
/ cuss Yet, strange to say, we hear that some Q
the members of our own delegation arc counte
upon as supporters of this suicidal measure.
I The scheme is somewhat after this fashion
hos usta ulJGo, ana the company succeeds in OBJ
tanning agrant Of $3.50 through the Legislature
at the present session, they will mortgage th
whole to raise money to 60 on with the work Th
J Report Is uncomfortably indefinite as to the nun
Der OF bonds it will be necessary to sell in order t.
finish the job. It says cit is desirable that th
; authority be made ample"
The following paragraph, cuNed from the Gre
port" we append for the special benefit Of on
CharlestoR delegation, who will here see that thei
, magnanimity and disnteEestedness is largel,
counted upon, when they ara asked to support !,
measure dramatically opposed to all The Interests
Of their constituents.
]. with this road in operation the Report says
a the traveller sswi find it the shortest cheapest
and quickest line to pass over your road III,
'steamboat lines from New York and Baltimore t
Portsmouth, Norfolk, Morehead City and Whining
ton, with the Virginia Central, Richmond ani
fredericksburg Road INCLUDING the Richmond nn6
Danville, seaboard and Wilmington routes, viii
the North Carolina Road, viii all have a direct il:
tesest in sending their through trade md traye
over this road.'' I'll