The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1869-01-07

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and secured for the cause he advocated
che confidence and support of the puollc.
TO his zeal in their service, to his great
labors as President, and to the dignity
and weight of his character, this ComPoa:-
ny are largely indebted for the puotllc
confidence their great enterprise mas
always commanded. The committee re-
spectfully recommended the stockholders
the adoption of the following resolutions
as expressive of misrepresentation OF his
character, and of his services to the Com
pany, and of their sincere sorrow tor his
death.
R. X. SCOTT, Chm'n.
Charleston, Dec. 10, 1868.
Resolved, That the Stockholders of the
Blue Ridge Railroad Company hold in
grateful recollection the eminent services
rendered to the Company by the late
Hon. Edward Frost, and that they sim
cerely dcplore his death as a great calam-
ity TO his family, and to the community
of which he was so distinguished men,
ber.
Resolued, That this report and the ac-
companying resolutions be published in
the Charleston newspapers, and that
copy thersof be sent by the Chairman of
the meeting to the family.
This report was also unanimously adop-
ted.
Upon motion of Judge Orr it was
Resoiued, That Committee of Five be
appointed to 90 to Louisville and Cincin-
natl to present the claims of this road to
the consideration of those cities, and that
the City Council of Charleston be re-
quested to send Il Committee to cooperate
with the above Committee.
No further business appearing, tie
Convention adjourned.
We append the reports of tho Presi-
dent and Superintendent reforred to in
tho proceedings:
The President and Directors respect
fully submit to the Stockholders of The
Blue Ridge Railroad Company in South
Carolina the following report of the ope-
rations Of last year. and the present cou-
dition of the Company.
The persistent and Jealous efforts OF the
Board for the last eighteen months in
calling the attention of capitalists, at
home and abroad, to this great connecting
railway between the West and the AT
Iantic seaboard, has at last aroused that
and investigation which will,
doubtless, soon secure it's completion.
The Stockholders and Board of Direction
arc under many obligations to the Hon.
James l.. Orr, ato Governor, and His
Excellcncy r. K. Scott, present Governor
of the State, for the able exposilions Of
the Importance and value of this railroad
to the people of this State, contained in
their Messages to the Legislature. Such
testimonials OF the necessity for the COM
pction of this railroad had great weight
with tho Legislature, and doubtless en-
couraged that body to iEaugurate and
adopt scheme for additional aid to the
enterprise.
Ths Bill passed by the Legislature in
September last, certified copy of which
is herewith furnished, after reciting
part of the Act Of 1854, directs in the
first section that the Comptroller General
shall endorse the guarantee of tue State
on one million OF dollars of the first mort
gage bonds of the Company, with the
single proviso that the present bonded
debt OF the Company, not to exceed three
hundred thousand dollars, shall be retired,
by such issue.
The second section, provides for the
guaranty of the State on three millions
Of dollars additional of the bonds of the
Company, upon the condition that those
last mentioned bonds shall not he used for
less than par in currency, &c.
The third section provides for ar in
crease of the Boards of Direction to ff-
teen members; of which the Governor of
the State shall be ex-officio member, for
the creation Of an additional officer, viz
u Vice President, and for the representa-
tion of the State stock, &c. Sectior four
authorizes the Governor of the State to
advance to the Company twenty thousand
dollars from the Treasury of the State, to
repair and keep IN working condition the
road, &c.
This Bill is liberal, and the amendments
of the charter of the Company should be
at once accepted, and the changes made
whenever the necessities and interests of
the Company will warrant it. The aid
afforded, if judiciously used, will 60 very
far to complete the road, and is, perhaps,
all that ought to bo expected from tho
State in the present condition of her
finances. But much remains to be done
by the Company and the friends of'the
enterprise to secure the full benefit OF this
wise and generous policy of tho State.
The credit of the State must not only
be sustained, but the real value of her
securities must be made known abroad
by tho confidence Of her own citizens in
them. When such confidence is manifest
ed, then tho bonds of this Company,
endorsed by the Slate, will command near