The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1867-05-08
q sc Railroad.

" c make the following Synopsis OF lne
annual meeting, held in Columbia, on
Thursday, Nay I'd, from the Phoenix.
DR.. N. LaBorde was called to the chair,
and Mr.. c. Y. Darlington requested TO
act as Secretary. The Chairman appoint
ed Committee to verify proxies, and
called upon the stockholders for the
amount of their Individual stock. The
Committee reported 40, l61 shares repre-
sented.
The President read the report Of the
President and Directors for the year 1866,
and presented it, together with the Super
intendant's report and the tables of the
Auditor and Treasurer and Foreman Of
the Workshops as che annual report.
Reports referred to Committee, who
reported the entire Indebtedness of the
Company to be something over $780,
900. The expenses Of the past year,
both ordinary and extraordinary, have
been u little over S3O0,000; Of this
amount, Si25, 900 have been applied to
the reconstruction of the portion of the
road deStroYed by the war and freshet !;
the total income for the past year has
been $251, 900 the actual debt of the
road has, in the past twelve months, in
creased $4,000, exclusive of the interest
accrung upon the bonded debt. of the
Company. That this amount was not
larger was a source Of surprise to your
Committee, who feel assured that the
road, in its present condition, is much
more able to liquidate this increased in
debtednesS, and successfully survive its
existing encumorances, than it was a
year ago to undertake 10 rebuild to its
present completion.
The Committee concur in the >ugges-
ton Of the President, that the Act Of the
Legislature, passed at the session of 1866,
relative to certain bonds Of the road,
should be adopted, and recommend such
adoption to this convention.
On motion of Gov. Orr, the Act Of the
Legislature in regard to the bonds was
accepted by the stockholders.
The annual election for President and
Directors was gone into, and resulted in
II. ?. Hammctt, Esq, being unanimously
reelected as President, ard Rev. J. P.
Doyce, Daniel BroSn, Esq, COL Simeon
Fair, Alex. McBec, Esq, Hon. B. T. Per
ry, Col. L. D. ChillS, \. c. Hawthorn,
Esq, H. 7. Farmer, Esq, Gov. J. L. Orr,
Rob't Stewart, Esq, DR., j, W. ". Mar
shall and Col. j. P. Reed were reelected
Directors.
Col. G. F. Towncs offered the follow
ing resolutions, which were passed:
Resolved, That the Stockholders OF
the Greenvile and Columbia Railroad
Company have beard with satisfaction
that the railroad track from the West is
approaching AshviIlc, in North Carolina
only. sixty miles from the head Of the
Greenville and Columbia Railroad-and
entertain hopes that the circumstances
Of the country will ere long warrant an
extension Of a connecting road from
! Grecnville, to meet the railroad at or
near Ashcvil!c.
Resolved, That in the event Of such
connection, the construction Of a railroad
from Ninety-Six, or its vicinity, to Aiken
for which a charter is already granted
! by this StaIc-wi!l afford to the bust
ness and trade beyond the mountains a
most direct connection with Charleston,
SSwell as with Columbia, and also place
the Southwest in near connection with
the whole line Of the Greenyillc and Co.
lumbia Railroad, ard consequently with
Ashevillc and roads connecting there
with.
On motion of Gov. Orr, thc following
resolution was passed:
! Resolved, That the President and Di-