The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-04-17


purposes required It Is presumed SUI I
The Blue Ridge Anderson to ahals is still being
NO our Company upon the and conditions
Ridge Railroad Company win terminate the
part Of the Road has about amount Of it's earnings
since tho of lease which slight
Kno5ve an event which should look anxous forward
years. as 1T be done the ordinary
road construction. " 'NA
For fuller and complete nformaton with details as to the
quantity and condition of the rolling stock machine shops
the condition Of the track reference
report OF the General Superintendent your
spectfu invited to his suggestions recommendations
Auditor and Foreman of workshops Which furnish
very plain full and satisfactory statement of the operations
Annexed is also list of he oe agents and cnoxces Of tho
Company with several salaries or wages affixed
together with the capacity in which they employed upon
what nat portion POI of the Road they are employed
esed in bonded debt the Acts Legislature
State herewith annexed with
tory of the Road, its bonded debt, &c
The Road with its branches is 164 miles in length
and cost with its outfit, dcpots, real estate and
Stocks held in other railroad comnonies ~ 90 90
Capital stock paid in BY individuals and the State 51os9d 81
Costof Road and property capital paid 1873 9s
To provide between the cost of the Road and
date from January 1852 to March, 1854 respectively having ten
to for 0O00 and in order give higher
market value the 18th January, 1854 they Charles
NJ Furman as trustee mortgage their entire property
their They subsequently their bonds bear
ing date July 1865 and July 1853
to for $G00000 There other lien
executed to the payment of this latter
this it will that the
contracted exclusively in building 100000 There
however floating debt then Company which was
not funded.
In January 1861 when the bonds mortgage were
ad e" oa a s @ the Cmpnn Go applied the
directing the endorsement of the upon the
bonds OF the Company to the amount of $90000 providing
the bonds guaranteed should be used for than
for funding floating Company then due of 81 600
and for taking and retiring the sS00OOO bonds secured by
mortgage then approaching maturity The
at to readust their mortgage debt
of the Act and there doubt
have succeeded without difficulty and the
and suspension of all kinds of business caused by it,
At the end of the they found their partly
reausted their debt outside the
maturity large interest account acmuao their
injured and broken their depos and bridges and the
stances dshcartcnng they appear the Company
to rebuild their Road and again applied to the Legislature aid
On the goth December 1866 Act ratified an
additional endorsement of their bonds to the $35OOOO
and $250000 to reaust their bonded debt the
of S6OOOOO with the interest it, at the
three These two Acts of the Legislature contemplated the guar
antee by the State of the bonds of the Company to
bonded debt and that hereafter the Company would owe but one
class of bonds and those by
but one mortgage or hen their property and that
statutory lien to the State
the property OF the Company as security for the guarantee The
Company proceeded to fund their reaus their
bonded debt with fair prospect of success
which convened Charleston Constitution passed nm
ORDINANCE susonns all Acts of the Legislature passed