The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-05-28

IHE RAILROAD DIFFICULTY pre.
sence' IN our city yesterday, of President
Magrath, of the South Carolina Railroad
Company, with a committee of Directors
from Charleston, gave rise to variety of
rumoFs on the vexed subject of the railroad
companies, and tha likelihood of an AMIGA
BILE adjustment.
From all we can gather on ANYTHING like
authority, 1t seems that the basis of a settle.
ment proposed last week, and thought to be
acceptable to parties in interest in this CITY.
which compromised the whole litigation by
tn Q payment of 100000 in Columbia and
augusta RAILROAD bonds at par to the South
Carolina Railroad Company has not been
further acted upon by the City Council, and
consequently no reply made to that pro-
posal. Instead Of which q formal offer has
been made by Council to purchase certain
amount OF stock in the Macon Road from
the South Carolina Railroad Company at its
cost, payable in bonds of Augusta and Co
lumbia Railroad Company at par, by which
purchase 1t was expected that the South
Carolina Railroad would forego all claims
and privileges, also allow the free use of its
bridge and several miles of track until the
lst January, 1870, to the Columbia Road.
Since writing the above, we have the best
authority for saying that yesterday after
noon PRESIDENT Magrath authorized n pro-
posal to the City Council of Augusta, which.
II accepted, must practically end the con
troversy. It is said to be q direct off.hand
offer that the South Carolina Railroad Com
pany Will waive all claims against the city.
growing out of the contract made in 1860
with Council (Which involves the amount
of principal and interest in the Macon sub.
scription,) the city to waive any claims it
may be supposed to have against the South
Carolina Railroad, and that Company to
Dind itself not to interfere with the Colum-
bla and Augusta Railroads crossing the
river into Augusta. The South Carolina
railroad to have its present rights guaran.
teed to 1T, and for the future to be on a
common footing with all other railroads en-
terlng or passing through this city.
Au9uSta Constitutionaiist. 27N.
Unless treaty of peace, or at least sus
pension OF hostilities has been agreed upor
by the two belligerent corporations within
the past few days, on to-day will 90 into
effect the Injunction applied for by the City
Council of Augusta, on the 18th of this
month, and granted by Judge VIM. Gibson.
Ihat injunction restraius the South Caro-
lima Railroad Company from discriminating
against Augusta in their rates of freight and
fare for passengers, in the penal sum of
500, O9O. By that Injunction tue South
Carolina Railroad Company is also enioined
from using or opening any passenger depot
or ticket office in this city, and from taking
on their trains any passengers for their road
except at the old passenger depot of the
company, situated on the corner of Rey-
nolds and Centre streets, in the sum of
$4,000.
The twelve days time allowed in the in
junction expire to-day, and we suppose if
some compromise has not in the meantime
been effected between the city and the South
Carolina Railroad Company, that the pro-
hibition will be enforced
Augusta Chronicle