The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-09
CHI ARL EST ON.
THURSDAY MORNING. SEPT. 9. 1859.
Charlcston and tho Sale OF the Choraw
and Darlington Raflroad stock.

oonnooeou Will tuo- feCeus 66io OK tno 6t0OK
Of the Cheraw and Darlington Railroad
Company, held by the Chersw and Salisbury.
Railroad Company The writer, moreover,
oritioises with severity tho commercial pol
10y Of this city, and argues that if Charles
ton suffers any loss by the sale Of the stock
in question, she herself is alone to blame.
We print the. Rsterisl portions of the arti-
ole Of the Democrat, believing that We. can |
convince our contemporary that neither it's
premises nor its conolusions are correct, !
and that Charleston does not deserve all |
the harsh things that 1t is the pleasure of
our contemporary to say other.
In order that we may arrive at clear
understanding of the question, it must be
stated that the Cheraw and Darlington Rail-
road was originally built by persons along
the line, with the aid Of subscription of
one hundred Mousand dollars from the City
Of Charleston. It WAS intended to be aa
extension of the Northeastern Railroad,
and to give to this market the. control OF
the trade Of the country through which the
road passes. And whilo hesroad has an
swered this purpose, and has given the
proper facilities for the transportation Of
freight and passengers, it has not been man
aged In such Away as to discriminate
against other markets, or 70 conn pei produce
to come to Charleston. The management
Of the road kept pooe with tho changing
conditions Of trade, aud for some time past
the Cherav msrohnnt has had the option Of
dealing with Cnarles.on or with Whining.
ton at precisely the same rates Of freight.
In pursuance OF the original design, the
stockholders Of the Northeastern Railroad
ito whioh the City Of Charleston had sub.
soribed $500 .00O,) and the stockholders Of
the Cheraw and Darlington Railroad. sub
sequently determined to extend the Chersw
and Darlington Railroad to the Coalaelds In
North Carolina For this purpose large
number Of stockholders subscribed their
stock in the two railroads named, toward
the construction Of the Cherawe and Co ,l-
fields Railroad, as 1t was then called. It
was always the intention Of those interested
In this extension to ask, at the proper time,
the City of Charleston. In common with the
other stock hetdors in tne two roads, to
no srge her stocks into tha /, Of the. .Cherkw
and S,nN!1e elds Railroad. Tho oonsoltdA alton,
'a'l The throc ~ SdtiSSeae COMPANY vi Ssi.s .;
also Contemplated. During the war moth,
lug could DO done, and at it's close IL wes
thought best to make Salisbury, inetead OF
the Coal6elds. the terminal point Of the
Cheraw and Coslfelds Railroad, the name
ofithe ohsnged line being the Cheraw aud
Salisbury Railroad. This brief review ex-
hibits the interest which the City Of Charles!
ton has, directly and indirectly, in the
Chsraw and Salisbury Railroad. How,
then, can our contemporary say, with fair
ness or cwits truth, that charleston s,has
''not put her hand TO her purse to contrib
"ute Of Her means, nor her shoulder to the
"wheelto push the work along since the
"gari". BY whose hands and shoulders
was the work. brought into existence and
actually begun wo answer--almostr en-
tireiy by the oitizens Of charleston, the
stoo.kboldsrs pf The Nor.hsastern and G65e'
raw and D arlington Railroads, aud tho State
Of South Carolina. We venture to asser,
that jsUs aandrsd dosiars hiss no. been raid
Up. ssd w doubt whether Il has b.ussnn busn' SUD-
sfr'oed, BY persons Ia North, 0sroiinas Bat,
much is expected from thelold North State,
eng nIeh ne hsys exsE tha. her peo
Pie will push the road along. . 80 - 3
The faoss in.rsgArd to,sths, sAls, of the,
st0ck oftlS chsraw and Darlington Rail-
fStd sa1 held sy ths ohsrew snd Balisb,ia,t;!ys rs
AshEasdE aFp these: Az ., nsslnE sfr tIs
directors Of the Oherswo sid sslisbur,l
E'ilroad, held in 0Asrax, On tho Ii.h ul.,
.Ae presiasass Mf..hr rowastad. sssed th..
he e9uld leli tho stock held BY, tho company
70 eertssin ,psssaps ct = 4peoiasd prize, that
tts priss offered -xss thu fail .alu. sof tho
sioax sdsss s;Ia ND ~ i1bsrsd y 81
ppes saS taAs ecsl - III ssesp tanoS et
as. e9o assermiaeaS ,thsn AID ihsrs.ea he
n. = In -