The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-11-30
,ence, that tue sale aooyc xpoken of shonl. be

tcncc, that the sale ABOVE spoken of should be
consummaicd.
Laying aside The very important cous:,lcra-
lion that the sale OF 4 controlling nuIabcr Of
shares in this company 10 any one individual
OF any one corporation would be, to say the
least. of very dcubilu policy. when IL is CON
sidcrcd that this palo il proposed 10 bc ma,!c
To persons who are EUI only understood iu
represent rival Interests 10 these of this cont
pnny, but Hhpsc counsel did not hesitate 10
declare that The OBJECT OF the purchase WAS 20
obtain power and control, it must he patent
to The mind oi every orc ti,at every justi-
fable measure fhould hc iCsortcd To with
view 10 prevent the consunmaii0n oi
such result. Any one who will look ut :.
map will s!.M orr road constitutes a rar. oi
what Is likely sool to bc The most direct line
Of railroad from Charleston and The South
Atlantic Ecaboard To New YORK. Ii, there
fore, this portion of this line is allowed to
full into the hands Of those whose interest it
will bc to divert the travel from This, the most
direct line, to The present route by the way of
Wilmington, the consequences caIfnoL but bc
disastrous TO iis as well III to those roads with
which we arc now, and hereafter cXlNct to he,
connected. Our hopes and expectations for
some time past have been To extend our CON
ncctions with North Carola either ut Sails
bury or Grccnsboro, or both, so as not only to
put us OH the main line OF through travel, but.
also 10 open up 10 MS the rich grain growing
region of omr ristcr State; hut il this
portion OF the contemplated line is al
lowed 10 fail into The hands or under The
control Of those who arc necessarily rivals, ana
who must, from the very necessity of .heir
position, bend all their energies 10 the defeat
OF these hopes and expectations, then
we erc indeed blind to our own interests, Us
well rs TO the interc4,s OF the community
| which built and which -.,,lsi ins oVr road y
single glance at II map is pGlcicnt to satisfy
any one that IL is against tie interest ofthosc
who own the Wilmington and Manchcsi" II and
the Wilmington aud Weldon Railroads 10 olio,o
any connection torth from Chcrd,u-cithor
with the Chatham, Salisbury or Greensboro
Railroads; and hence If the sale above spoken
Off consummatcd. whereby the control of our
road goes into the hands Of those rival inter
ests, VIC may bid farewell to any hope of ever
| extending our connections northward, ana
possibly may be confined 10 only one outlet
southwark, instead of the two We now have.
Tho board cannot close this report without
calling your attention, officially, to the very
great losses which we have sustained, since
our Inst annual meeting in the death of Allan
Macfarlan, who for 90 long time has so ably
presided over this company, and who from
the first and to the last, in prosperity amt in
adversely, was always found at his post
zealous In the discharge Of his duties and in
| the death of Caleb Cokcr, who, ever since the
! organization of this company, hns been ar
active, useful and Influential member of this
board, and one whose wise cOunscls will bC
| greatly missed at all future meetings.
Respectfully submitted.
| HENRY MCTvEn, President.