The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1869-01-07
ANDERSON s. G., THURSDAY, JANUARY z 1862

most entirely diverted from us. We will
encourage the large and powerful inter
eSts now concentrated in the Ducktown
copper mines to attempt to unite with us
at that point. We will excite the hopes
of our friends along the line to Knoxville,
down the Tennessee River, and force them
to como to us with material aid, to ensure
the speedy completion of that part Of the
line. If we arc in earnest we must build
our road to Clayton in the next twelve
OF eighteen months, and the Board call
upon the Stockholders to support and
encourage US in this endeavor. 1t can be
done, and it must be, if we intend 10 keep
pace with our enterprising neighbors of
North Carolina.
Before commencing new operations,
however, it would be we'll to adjust all
old matters, if possible. There appears
on the books of the Company large
amounts of subscriptions of stock not
paid in and not called for since the late
war commenced. This should be arran-
ged in some satisfactory way, and the
Board would recommend that the remain
ing instalments unpaid, should be prompt
ly called for, and if unpaid should be
forfeited in whole or in part, as the
Stockholders may deem equitable and
just.
The report of the Superintendent, Mr..
Gallard, will exhibit the condition of tho
road, rolling stock, and lat steps have
been taken for repairs, of locomotives,
&C., &c.
The lease to the Greenville and Coum-
bia Railroad Company expired on the
first day of June last, but has been ex-
tended from month to month by agree
mcnt between the parties upon the same
terms as ascertained in the lease.
The trains have been running daily on
our road with great regularity, and the
business has increased beyond our expec-
tations The Greenvlle and Columbia
Railroad has kept our road in as good
order rs could be Justly hoped for under
the circumstances, and will be ready to
surrender the operations of the road
whenever the Company is prepared to
resume it.
The bonded debt of the Company re-
mains in the same condition as before re-
ported, except the accumulated interest.
This debt is to be extinguished, however,
out of the proceeds Of the first million of
bonds, guaranteed by tine State, 80 that
the mortgage shall enure to the State.
The floating debt should be provided
tor as soon as the financial condition OF
the Company will justify it.
The appropriation of twenty thousand
dollars from the State Treasury, will be
used in material and repairs OF the loco.
motives, road bed and contingent e1pen-
ses necessarily incurred in the interest of
the Company.
The Board cannot conclude this report
without an expression Of their profound
sorrow for the great loss the Company
has sustained IN the death of the late
Judge Edward Frost, which occurred
since our last annual meeting. From the
inception OF this great enterprise down
to the time of hi, death Judge Frost was
pre.eminently its friend and ardent de-
fender and advocate. For many years,
rs President of the Company. he dischar
ged the duties Of that office with singular
zeal, ability and frmness, and retired
from its arduous duties to the great re-
gret of all connected with the Company.
His able reports and lucid arguments in
behalf Of the Company will long remain
as testimonials of his great ability. Yet
it would be pleasing duty if the Stock
holders could, at some proptious moment,
evince their admiration and respect by
some fitting memorial.
J. w. HARRISON,
President B. r. r. r. Company.