The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-03-23
Columbia and Augusta Railroad

Tie Colun,Jia and Augustu Railroad. TO he
inquiries Of Co.. Richard Yeaelon, ut The
Meeting Of the Stockholders of The South
Ctwolina Railroad
Col Richard Yeaoon-S1R: At the recent
convention of the stockholders of the South
Carolina Railroad Company, held in Charles
ton, some statements are reported to have
been made In reply to certain inquiries pro-
pounded by you, which are calculated to
produce erroneous impressions in regard tn
my action, and to the course and policy of
the Columbia and Augusta Railroad Com
pany. Although much averse to appearing
IN this manner before tho public, official
duty requires that should place in pro-
per light the course and action of the com
pany l represent. 1 trust you will excuse
the liberty take in addressing this commu
nication to you.
The following is the report, taken from
the Charleston Ne,cs, of the inquiries made
by you:
"Col. Richard Yeadon then arose and said
that he wished to be informed in regard to
an important point in the affairs of the com.
pany, upon which the report of the Presi-
dent and Directors of the railroad was en-
tirely silent. Without intending to find apy
fault with the Directors, he felt compelled
to inquire what was the condition of things
between the South Carolina Railroad Com
pany and the Columbia and Augusta Rail-
road Company, between which companies
there has been much litigation.
''There were many rumors afioat and he
would like to know the facts of the case.
The South Carolina Railroad Company had
been defeated he believed, in most Of the
steps which had been taken in the Courts.
lie heard from one of the counsel of the
Columbia and Augusta Railroad Company
that two offers had been made to the South
Carolina Railroad Company by the Colum
bla and Augusta Railroad Company for the
use OF the track of the South Carolina Rail
road between Granitevile and Augusta
One proposal 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
Sl0O, 600 for the use of their track to Au
gusta. Both propositions, he understood.
had been rejected. If it was settled mat
ter that the Columbia and Augusta Rail
road were to be permitted to build sepa
rate track, 1t was certainly to the advantage
OF the South Carolina Railroad Company to
accept one OF these propositions If there
were good reasons why both these PROPOSE
tlons should have been refused, he would
like to know them.''
Mr.. Mngrath, in reply, referred the con-
ventlon to the company's solicitor for infor
nation in regard to the litigation, but it
does not appear that any such information
was furnished. AS to the other part of your
INQUIRY ne is reported to have said:
"As to the propositions which were said
20 nave been made, he wished to speak
polntedly and plainly lie denied, most en-
phdticdHy. that eiLher one or the Other had been
made"
In connection with this statement of Mr..
Magrath, ask your attention to the follow
ing correspondence between him and nv
self on this subject:
COPY A.
CHARLOTTE AND SOUTH CAROLINA r. r. Co..
COLUMBIA, Goth September, 1865
". J. lfagrath, Esq, President-DEAR
SIR; The Columbia and Augusta Road will
be finished from Columbia to Graniteville
on or before the 1st of November next To
facilitate the transportation of both trade
and travel over your road, rs well as this, it
would be desirable to run the trains Of the
latter to Augusta over your track from
Granlteville and back to that point.
AS an lnducement to such an arrangement.
the ColI mbla and Augusta Railroad Com
pany offer to Your company three -fifths of
all the receipts of freights and passengers
over your road-your company supplying
the wood and water necessary.
lt Is also further proposed that the Co
lnmbia and Augusta Railroad will make no
competition with your road between these
points, and that its tariff of rates shall be
the same as yours while using your track.
An early reply is invited Yours, very re-
spectfully,
(Signed) NM. JOHNSTON, Pres't.
COPY T.
CHARLESTON October , 1QcS
Wm Johnston Presideht-DEAR SIR: lam
in receipt to-day of your letter of the 29th.
will lay it before the Executive Commit
tee at its first session, but I hardly think it
will be favorably considered. if I may Judge
from their unanimous dissent ON tie aOfh