The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-03-22
S4TANNAH IND CHARLESTON RAIL-
RO4D COMP4NY.
HALL OF PLANTERS AND MECHANICS BANK,
CHARLEsToN, 8. c., March II, 1869.

HALL OF PLANTERS AND MECHANICS BANK,
CHARLEsToN, 8. c., March IT, 1869.
The annual meeting of the stockholders o.
the Savannah and Charleston Railroad COM
pany (postponed from the 9th of January,
1869, } was held this day at 12 nj.
A majority of the stock being represented
the meeting was called to order by Hon.
Henry Buist, who moved that E. W. Marshall,
Esq, take the chair.
The minutes of the last annual meeting were
read and confirmed
The President submitted his report which,
together with the Superintendent's report and
statements OF the Treasurer, was ordered to be
published:
SECOND ANNUAL REPORT.
s.v.sSAn AND CHARLESTON 4. R. COMPANY,
CuAn1E,roN, S. c., March II. 1869.
To the Stockholders-1he Board Of Directors re-
snectf1Iy submit the accompanying reports OF the
superintendent and Secretary and Treasurer e1h1o-
fling IN detail the affairs of the company for the past
II will appear, from these reports. that progress
has be, made in the work OF reconstruction since
our last annual meeting This, Doubtless, has given
rise to criticism and perhaps censure from persons
not intimately acquainted with the difficulties which
has beset your direction.
To maintain the operations of the road up to the
present tlne with its limited resources, has taxed
our utmost ingenuity, and only been accomplished
by rigid economy and careful administrator OF lts
finances.
With an abiding confidence IL ultimate success
we bave struggled vigorously against every adverse
circumstance to sustain the present status OF the
road until such time as the plans We had in contenn-
plation could be fully realized. We now have the
rleasure t congratulate you on the consumuation
of our efforts in the passage of an act by the Gen
eral Assembly, rahued the I'd instant, afprdlng
@Lo, m
vannah.
The securing of this long and anIiously looked for
aid has been attended with vexatous delays and, at
tmes with obstacles su ent almost to paralyze our
energy but We have neve :eaIed our eIertions for
moment, confident Of the success Of tho cause in
which we were engaged.
The moment for prompt resumption of the work
upon the road has arrived and 1t is earnestly eS-
pected that the Board of Direction you are now called
on to elect will lose no time In pushing forward the
work to an early completion.
The Importance OF opening up this line Of COM
munication has been more manifest within the past
YEAR than at any period since the fr. conception OF
the enterprise.
To every one interested in railroad affairs, travel
ling the seaboard line north Of this city, 1t must
have been how great has been the increase
of passenger business coming south during the win
ter, and ccnse quently corresponding return NortE
as the sumner approaches. No insignificant share
of this travel is trbutaryto our road invited oy the
fertile soil and genial climate Of our nclghoori1S
riodical travel and business will be augmented III the
future by the increased facilities aud comforts al
forded by the Savannah and Charleston Railroad, no
one can doubt; sufficient evidence being daily ad'
duce BY the volume of travel seeking that region by
the crcuitous route via Augusta and savannah or py
the sea route via Jacksonville and Fernandina, a OF
which will Necessarily adopt the more direct speedy
and economical communication Afforded by cur
line.
1t is also well known to our business community
that at the present time except 10 very limited eI-
tept our city is deprived OF the benefits OF large
share OF it's legitimate oobing trade from one OF the
most ayored sections OF the South. for want OF the
proper facilities. Previous to the war Charleston
enjoyed liberal patronage from the section OF coun-
try South and West as far az the Gulf OF Mexico,
while the planters Of that region invariably sought
this market for the sale of the great staple as the
most advantageous to the interests. T' business
we Will again connaEl Whenever the Savannah and
Charleston Railroad s completed.
In addition, have reasonable assurance OF
more direct communication With the West India
Islands via ST. Marks Florida. our line and OF
revenue thercfrom never contemplated until within
a shor. time past
Wi,hort desiring to excite delusivc expectations,
your direction cannot refrain from expressing their
confidence in the future prosper OF the road With
persistent energy und determination to "vercomo
al obstacles our efforts must result III success.
Respectfully submitted.
]. E. BoYLsToN, President pro tenn.