The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1868-04-29
In the last annual report it was stated
that ihn Rnard of Directors had directcd

the frGSlQenC 10 cXccdte SecOHu iloIt-
gage upon the property and estate of the
Company for ST, 500, 900. In accordance
with their direction, tho mortgage was
executed to c. D. Melton, Esq, Of Co.
lumba, as trustee, bearing date May LIST,
1867, and was properly stamped and re-
corded in all the Districts through which
the road passes. For statement Of the
bonds and certificates of Indebtedness
issued under it to April lst, 1868, refer,
ence is made to the bond account furnish
ed in this report, and also to the Audi
tors Table No. l. The bonds and certifi-
Gates under the second mortgage are
offered in payment of all claims against
the Company, of whatever kind or nature,
not secured by prior liens, without pre-
ference to any creditor or class of credi-
tors,
For the information of stockholders. it
is proper and due to them to state the
nature and condition of the several cases
of legal proceedings which nave beeu
commenced against the Company.
On the evening eff the I'd day of May
last (the date of your last annual meet
ing.) service of u subpoena was male up
on the President by the Sheriff of Rich
land District, in the matter of Charles NJ.
Furman, Trustee, ct al, against the Green
vile and Columbia Railroad Company; !;
bill having been filed Con the same day.
in the Court of Equity for Rchland Dis
trict, to forcclose the mortgage. The
parties whose names appear in the bill,
aud at whose instance the bill was fled,
(as it would appear from the BILL are
John Caldwell, T. J. Robertson: John P.
Southern, Robert n. Lewis and Charles
Smith, representing about $4,000 Of
bonds, secured by the first mortgage. A
letter. however, had been received from
c. NJ. Furman, Esq, Trustee, dated April
90, 1867, in which he says: 81 have re-
ceved from Col. Perrin an application for
my assent to the filing of II bill in my
name rs mortgagor against the Green
vile and Columbia Railroad Company on
the part of holders of sundry bonds" The
case was continued at the last term Of the
Court of Equity for Richlano District,
and an answer TO tile bill has been filed.
A portion Of the holders of State guar
antced bonds, which have been substituted
for first mortgage bonds under the Acts
of the Legislature Of January %. 1861.
and December 20 1866, have fled Il bill
against {. NJ Furmaa, Trustee. and the
parties whose names appear i'll his bill,
against the State and against the Com.
pany, claiming that they hold the lien
under the first mortgage the same as if
they held the original BONDS, and cannot
be excluded by any proceedings under
the first mort gage. A copy of the bill
has not been furnished to the Company,
but il is understood that objection is madc
to the foreclosure of the mortgage.
The State. by the Atiorney-General.
has fled II bill against the Company. G.
f. Furman, Trustee, and the parties whose
names appear in his blll against the par
ties complainant in the bill filed by the
holders State guaranteed bonds; against
other large holders OF first mortgage
bonds, and against all other creditors of
the Company. Tie bill, by its title. is
Information in Tie nature OF Il cross bill,
and bill for Injunction and relief" In this
latter bill objections are madc to the fore
closure of the mortgage, and in pursuance
of it an order has been made by the Chan
cellor. by which the further separate pro-
cceding in the suit of &. NJ. Furman. Trns-
tee, and others for foreclosure, and of the
suit commenced by the holders Ct State
guaranteed bonds, have been stayed;
and the suits commenced against the
Company at law by Thomas c. Perrin,
Executor Of James NJ. Perrin; John B.
Earle and George Sims, cnjoincd. and al!
pcrsons restrained from instituting suit
against the Company, and the several
causes in Equity pending against the
Company consolidated with the case ill.,
stituled by the Attorney General.
Reference is made to the Auditors
Balance Sheet No !, for the condition Of
the Company's assets, &c, and to the
table of the Treasurer, No. 2, showing the
receipts and disbursements for the year.
These tables furnish very plain, full and
satisfactory statement of the accounts in
their several departments
Reference is also made to the report of
the acting General Superintendent, for
information in that dcpartment-his SER
vice only commencing on the lst Noven-
ber, his report of the operations of the
wear will necessarily be limited. 1t af-
fords much pleasure to bear testimony to
his industry and perseverance, as dis
PLAYED, and his devotctInc>Ss to the inter
ests Of the Company. The employees in
all departments, taken as a whole, have
exhibited an energy and dcvotcdncss to
the interests of the Company. and cour-
tcsy in their intercourse with tho patrons
of the road. in their several departments,
rarely excclled, and which entitle them to
your confidence and esteem.
1t is Il matter Of regret that it has been
found impossible to comply with your re-
commondaton at your last ANIMAL meet.
ing, to publish the reports for the year
one month before the animal meeting.