The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-04-19
South Carolina Bnilroad Company.

city of Charleston on the 18th and l4th OF February
1885,"
The pamphlet is from the Nell-known press CT Mr.
JOSEPH WALKER, and presents handsome appe france
For the information Of our readers, who we know
are greatly interested in this Road give synopsis
Of the Report
When Charleston was evacuated the rolling stock Of
the Company was sent up the Northeastern Road and
after being hauled about from place to place. finally
left at Camden where 1t destroyed, just
ago. by an expedition from the coast under General
POTTER. The properly which happened to- 't oolum.
ba when SHERMAN reached there sent up to Ches-
ter where It tt remains. We can not go into the par
ticuars of all the damages the road met with well as
the destruction of the depots, workshops, tools, and
material of all kinds and description.
On the 10th of last the road turned over to
the Company by the military authorities under certain
conditions and restrictions They without avaa
BILE means, and almott without transportation. But
they went to work under these most dscournging diff
cues and by dint of energy perseverance and cease
less vigilance and activity the part of the officers
the road open to Columbia by the first OF October
last, and to Augusta on the first OF April
The financial condition of the Company Of necessity
occupies great deal of attention the part of the Di
recion for while 1t is much better than that of many
rounded with difficulties. The and the property
of the Company have been seriously impaired, and q
large portion of the debt has ieached msurity Prin-
cipa s22;4O0O to which must be added arrears Of in
tsrest ls67s947; making total Of indebtedness Of
So 729 79947 10 be met at this time. New bonds en-
dorsed with the guarantee OF the State offered to
hs bondholders in substitution of those past due and
the accrued interest These will be due In twenty years.
with interest at hve per cent per aunum. The Direo
ton design provide by regular semtsnnual payments,
out earnings for the retirement of the entire OF
maturity.
The Board pays merited tribute to the valusbc
vices and energetic efforts Of the General superinten
dent In executing his work. full OF difficulties amidst
trinis OF times, painfully, officially. and personally
embarrassing eight months ago. they received eighty
miles Of road without organisation and without means
or facilities Of any kind with the labor OF the coun
try utterly disorganized. Tfe,v have in operation
two hunered and miles OF railroad and have
placed four important bridges with substantial though
Temporary substitutes 4
Next follows the Report Of the General superinten
dent which is reples With interest and We regret our
inability 70 follow i through the various details Of
obstruction and 'le-construction." We have szaGl
to present few tsefns only Passing tho rcc5pts
and expenditures represented by the usual great array
of figures where the Confederate dollar the unit Of
value, we find that the gross income In greenbacks
from June 10 to December 81. 1865 1919 the
net income being sl96.9s5.
The loss of assets is set down at sS6l2 s4567; and
loss of property OF seae.11464 The amount of loss
of assets is given In Confederate currency principally
consisting OF debts due the company by the Confederate
Government for service rendered.
One of the most interesting tables of he report is
.oktN raIr otO
etc. brought to Charleston by the South Carolina Rail-
road from 1874 to 1865 inclusive" In the twenty-five
years. covered by this report find that bales
of cotton were transported this road, ON ave.
rage OF 2A5, ,s9s biles per annum. The maximum was
in 1885, when 1t reached 449664 baos; the next largest
in 1858, when 1t was 42s 452 bales The minimum In
1864 when only 1876 bales brought down. In
1862 3I4 $40 baes 1851 12os73 bales; 1852. 24ss4
bales; In 1868, 4s, las, and In 1865 49, 5'8 bales
No -four is reported for the first two years. The
Der of barrel, of -four transported this road from
ls4s to 1855 twenty years. is s23377. Maximum in
lsol when 1t was Il5s7o barrels, and minimum In 1850,
when only l25 barrels are reported.
Number Of bushels Of grain transported over this road
during the last twenty years, 4S42447 Greatest In
1856 sI7,662 least in 1851, when 1t was only 547.
Barrels Of naval stores transported during the
twenty years, 240784; greatest In 1850. when it had
risen to 81. .l3s.
During the last eighteen years. the road transported
Isl sis head of live stock Greatest in 1860: 1928.
Nearly all these tables show that the business Of the
road was steadily on the increase from year year, up
to the commencement of the ard there is every
to hope for continuance of this rato
the country shall have recovered from the prosraton o.
her industry, caused by the war.
The affairs Of the road the WHOLE are in prosper
are taken into consideration. The confidence Of mon
eyed men Is waxing stronger and South Caroua Rail
road stock has been steadily rising from week to week.
and If money not very in this latitude
we have no doubt these shsreD would bring their par
value even now.
The PROCLAMATION ElfLAINEp.-Is seems th,t con
ict of opinion in regard to the affairs OF the Freed
mems Bureau has occurred In Georgia In response to
telegram sent to Washington, the following
,eiyed from the War Department.:
WAR DEPARTMENT.
Washington, D. G., April 8, 1866.
Breret Maj. Gen. J. N. Brdnnan, augusta. Ca:
The Assistant Commissioner Bureau Refugees Freed
men, &C., for the State of Georgia. having inquired
whether the Presidents proclamation removes martial
law and stated that the Department Commander does
not feel authorized to arrest parties who have committed
outrages freed people Union refugees tho Secrea
~ of War; with the approval OF the President directs
me to inform you that the Presidents proclaim alton
does not remove martial law, operate in any way
upon the Freedmens Bureau in the exercise Of its leg
innate jurisdiction It is not expedient, however to
resort TO mill ary tribunals in any where justice
can be attained through the medium of civil authority
Signed) Z. D. TOWNSEND, a. A. Z.