The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1867-05-08
THE GREENvILLE AND COLUMBIA RAILROAD
COMPANY

THE GREENVILLE AND COLUMBIA RAILROAD
COMPANY.
The annual meeting of the stockholders. of this
Company was held at Nickerson's Hotel, on Thurs
day, May 2. DR.. NJ. LaBorde was called to the
Chair, and Mr. C. V. Carrington, Secretary of the
Company, requested to set. as Secretary of the
meeting. The Chairman. appointed Committee
to verify proxies, and called upon the stockholders
for the amount of their Individual stock. The Com
mittce reported 40, ,161 shares represented.
The President, II. p. lTammett Esq, read the
report of the President and Directors of the bnsi-
ness and affairs of the Company for the year 1866,
and presented it, together with the Supcrinten-
dents report and the tables of the Auditor and
Treasurer and Foreman of the Workshops as the
annual report.
On motion of Rev. j. P. Boycc, the reports were
referred to Committee, consisting of Mcssrs.
Aiken, Harrison, Townes, Hagood and Stern
The Convention then took u recess until
o'clock p. m.
At the hour to which the meeting adjourned
the Stockholders re-asscmbled, and D. Wyatt Aiken,
ESQ, Chairman of the Committee on Reports
read their report which, after some changes being
made, was received and adopted, as follows:
That they have examined the several points in
these papers, which to the cursory reader invited
investigation. We report summarily the entire
Indebtedness of the Company to be something over
81. .25O,OO0 The expenses of the past year, both
ordinary and extraordinary, have been little
over $500 OO0 of this amount S125. 600 have been
applied to the reconstruction of that portion of the
road destroyed by the war and frcshet; the total
income for the past year has been S251 900: the
actual debt of the road has, in the past twelve
months increased $4,000, exclusive of the inter-
est accruing upon the bonded debt of the Com
pany. That this amount was not larger was
source of surprise TO your Cor mittce who feel as
surcd that the road. in its present condition, Is
much more able to liquidae the increased indebt-
edncss, and successfully survive its existing en-
cumbranccs than it was year ago to undertake
to rebuild to its present completion.
The wants of the road ere many and great, and
to elevate it to the position of frst-class railroad
will require the expenditure of thousands of dol
lars TO supply it with the requisite amount of roll
ing stock Whence those funds are to be drawn,
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too-condcnscd report can DC substantated.
The Committee concur in the suggestion of the
President that the Act o. the Legislature, passed
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