The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1867-12-04
Blue Ridge Railroad Company.

Blue Ridge Railroad Company.
The annual meeting of the Stockhold.
ers of this Company has just been held
in this city. The vital Importance, OF this
road to tho City of Charleston and the
people of the State, was never moro man
ifesJ than now, and if the State, or the
people, had the means, it would surely be
speedily completed. But we must look
for capital elsewhere, and hence the ne
cossity of urging the advantages and
probable great business of the road. :.
The line from Anderson to Knoxville,
Tenn, distance of 1914 miles, was esti-
mated to cost s7,50O,O0O. Of this sum
already 5000, 900 has been expended on
construction, leaving about s4,50O,OOO to
be provided. The following statement
will showsthc per cent Of work done:
South Carolina. Georgia. Tennessee.
Grading, so % cent. as IL cent. 3U q CT.
Tunnels, &c u cont. Is U cent.
Masonry, "A % cent. 46 y cent. So p ct.
Square Drains
a and culverts, "a q cent. IS u cent. As y ct.
Since this statement was made in 1860,
considerable progress has been made on
tie work in Tennessee, and very soon
eighteen miles Of that end of the road,
viz from Knoxville to- Maryvillo, will DO
! in operation. OF the S3,00U,O00 expen-
dcd, the company has only borrowed
about 100000, on the first mortgage
bonds, and has on hand s2.225,00O of tho
first mortgage bonds still to be made
available for construction.
These bonds will be worth rs or 81
cents, and can be usedin that way to con-
tractors.
Recently the State of South Carolina
and tile City OF Charleston, holding ST.
100000 of the stock of this company,
have authorized the Board of Directors to
propose for preferred stock sufficient to
complete the road, which shall have pre-
ference up to per cent OF all dividends.
This liberal offer, it seems to us, need
but be brought to the attention OF capl-
talists to secure its acceptance.
The Board of Directors believe that
with new stock of s2,500,OOO in cash,
and the use of the 50, ,225, 900 of first mort
eape bonds, that the entire work will be
accomplished.
Thus the new stockholders will have a
road costing ST 100000 for four-seyenshs
of the money, and,connecting, as it will,
ut Knoxville with direct lines from Gin
cinnati and Louisville, now nearly COM
pleted. there can be no doubt OF heavy
and rcmunerative income. Indeed, lit will
be the shortest line from these cities to
tbe Atlantic seaboard. Then it is propo-
scd also to build aroad from Clayton, Ca,
via the Ducktown Copper Mines to
Cleveland, Tenn, thus connecting directly
Chattanooga and Charleston by these
roads.
The immense income of the Georgia
State Road from the commerce OF the
Great West is an Indication of the busl-
ness which will be thrown over the Blue
Ridge Railroad. The amount perhaps
cannot be accurately estimated, but it
would not be unreasonable to predict that
the income would soon reach one million
dollars.
For the great capitalists of the United
States and Europe hero is an enterprise
which would not only devclopo the re-
sources of the several States through
which 1t pasSes Dul must oeJ oNo Ioo'lioi'
always pay large dividends.
Thirty-four miles Of the road, from An
dcrson 10 Walhalla, thriving German
village, is in operation, and perhaps the
best built road in the State-heavy rails,
substantial road bed, and splendid bridges.
This part OF the line, now in operation; ii
sold, would pay the whole debt of the
Company. 80.
great enterprise represents the capital and
intelligence of this city and State, and
we earnestly Lopo that the praiscworthy
excrtions they arc making in the further
ance of the objects Of tho Company will
be crowned with abundant success
Charleston Courier.