The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1869-05-13

President of the Columbia and Augusta Railroad,
TO, THE INQUIRIES oR;
COT. RICH.ARD EEADON,.
Xr.THE MEETING. OF, STOCKHOLDERS Or THE
SOUTH CAROLINA RAILROAD.
Col. RICHARD YEADoS-.Sn: At the
recent Convention of the Stockholders OF
the South Carolina Railroad Company,
held in Charleston, some statements are
reported to have been made in reply to-
certain inquiries propoundcd by you,
which are calculated to produce erroneous
impressions in regard to my action and
to the course and policy of the Columbia
aud Augusta Railroad Company. AL
though much aNerse to appearing in this
manner before the pubic, official duty
requires that should place in a proper
light the course and action OF the compa'
my represent. trust you will excuse
the liberty I take in addressing this com
municatiOn to you.
The following is the report, taken from
the Charleston News, Of tho inquiries
made by you:
"Col. Richard Yeadon then arose and
SAID that he wished to be informed in re-
gard to an important point in the affairs
of the company, upon which the report
of the President and Directors of the
Railroad was entirely silent. Without
Intending to find any fault with the di-
rectors he felt compelled to inquire what
was the condition Of things between the
South Carolina Railroad Company and
the Columbia and Augusta Railroad Com
pany, between which companies there
bas been much litigation.
aThere were many rumors adoat, and
ne would like to know the facts OF the
case. The South Carolina Railroad Com
pany had been defeated, he believed, in
most Of the steps which had been taken
in the courts. He heard from one OF the
aounsel OF the Columbia and Augusta
Railroad Company that tive offers had
been made to the South Carolina Railroad
Company by the Columbia and Augusta
Railroad Company for the use OF the
track of the South Carolina Railroad be-
tween Granitevllle and Augusta. One
aroposal was to give the South Carolina
Railroad pro rata share of the receipts
of the Columbia and Augusta Railroad
between Columbia and Augusta. The
other was to give the South Carolina
Railroad Company 100000 for the use
of the track to Augusta. Both PROPOSE
tions, he understood, had been rejected.
fit was u settled matter that the Colum-
bia. and Augusta Railroad were to be per-
mittesf to build separate track, it was
certainly to the advantage OF the South
Carolina Railroad to accept oae of these
propositions. If there were good reasons
why both these propositions should have
been refused, he would like to know
them"
Mr.. Magrath, in reply, referred the
Convention to the companys Solicitor for
information in regard to the litigation,
but it does not appear that any such in
formation was furnished. As to the other
part of your inquiry he is reported to
have said:
Gas to the propositions which were
said to have been made, he wished to
speak pontedly and plainly. He denied
emphaticalty that either one or the other had
been made"
In connection with this statement Of
Mr.. Magrath l ask your attention to the
following correspondence between him
and myself on this subject:
(coPY A.
CHAaLoTTg & s. G. r. r. Co.,
COLUMBIA, 10Th Sept, 1868.
w.. j. sAoKAru. ESQ.,, President--Dear
SIR The Columbia and Augusta Road
will be finished from Columbia to Gran
itevile on or before the first of Novcm-
Der next. To facilitate the transporta-
ton of both trade and travel over your
road as well as this, it wauld be desirable
to run the trains OF the latter to Augusta
over our track from Graniteville and back
to that point.
AS an inducement to such an arrange.
ment. the Columbia and Augusta Rail
road Company offer to your Company
three-ftths Of all the receipts of freight
and passengers over your road-your
Company supplying the wood and water
necessary.
1t is also further proposed that the Co
lumbia and Augusta Railroad will make
40 competition with your road between
these points. and that its tariff of rates
shall be- she same as yours, while using
your track. An early reply is invited.
Very respectfully,
(Signed) WM. JOHNSTON,
President
(copY By
CHARLESTON, I'd October, 1868.
WIN. JOHNSTON Dear Sir. lam in re-
a. Oh