The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-05-29

Of any authoritative announ cement BY the
City Of Augusta or the South Carolina Railroad
Company, it is impossible to tell What Is the
present stage OF the negotiations for fun and
final settlement OF the differences between the
parties. General A. R. Wright, attorney for
the City Council Of Augusta. prints q card in
the Chronicle, Of yesterday, in which in con-
tradiction of an article published in the Con-
stitutionalist OF Thursday, he says that NO
formal offer was made by the South Carolina
Railroad to grant the use Of their track and
bridge to the Columbia and Augusta Road
until January 1, 1870, for 500 900 in bonds Of
the last named road; that no formal offer has
been made by the City Council sioce the pro-
position mace by the committee Of the City
Council last month and rejected; that no offer
was made by the City Council to purchase any
amount OF stock in the Macon and Augusta
Road from the South Carolina Railroad; that
no offer has been made by which the South
Carolina Railroad binds itself not to interfere
with the Columbia and Augusta Railroads
crossing the river into Augusta. In conclu-
sion, General Wright says:
W.T.. Gould, attorney Of the South Carolina
Railroad, suggesting, on my individual re-
spon sibility, certain propositions for compro-
mise, which assured him thought would be
ratified substantially by my clients, the City
Council of Augusta and the Columbia and Au-
gusta Railroad.
On the 26th instant, received note from
Colonel Gould and W. b. Hull, Esq.,, attor-
neys OF tie South Carolina Railroad, in which
they informed me that the propositions had
made to them had been submitted to the South
Carolina Railroad and rejected. In the same
letter they submit terms for a compromise,
whiob they say their client viii aSeeRs sat nhs
Carolina Railroad has made since the rejection
OF the terms suggested by the. Councils Rail-
road Committee in Charleston. The terms
of this proposition we're promptly and, as
think, wisely rejected. ..,
Since the publication OF the article OF, the
ConstiLutionahst, other efforts have been maae
and are now pending tor q fair settlement OF
this unpleasant controversy. It is not pro-
per that they should be made public pending
negotiations.
On the othee hand the Constitu ionalist Of
yesterday says:
In our issue Of yesterday We briefly
adverted to the different propositions
which had been made, on each side, by the
contestants in the railroad embroglio. The
very frank and unreserved offer OF the South
Oarolina Railroad in which the claims OF that
corporation against the city were proposed to
be surrendered, as an evidence Of its desre to
preserve the former alliance OF Augusta with
that road and with Charleston, was, somewhat
to our surprise, Immediately rejected. The
failure to harmonic on this proposal induced
the fear that litigation on @ wider scale would
follow, coupled with general detrlment to rail-
road interests west OF Augusta, in the stopgage
OF through freight and passenger trairs. Dur
ing yesterday, however, through tho e1ertlons
Meyer, the negotiations thus seemingly at an
end were renewed, and We are pleased to
record, not without encouraging result.
At q late hour In the afternoon, President
Msgrath, in behalf Of the South Carolina Rail
road, assented to cartel submitted to him,
by. which the whole controversy, on both
sides Of the river, is practIcaIly closed: Thls h
the Columbia and Augusta Railroad Company.
Some details Of secondary importance are to
be discussed and concluded upon this morn
ing, principally as to precautions aud safe.
guards in the joint use OF the Washington
street track, 70 provide against future disa.
greements, and al TO end. we hope, in last
In this controversy the South Oarolins Bail.
road seems to have been guided by an earnest
desire to avoid collision with the city author1i-
ties Of Augusta, and has pursued course
which has resulted In saving other roads In
connection .fror, difficulties and losses. which
protrscted litigation, IN maintaining what 1t
conceived to be its rights and privileges,
would have entailed.
We do not know, Of oourse, whether the
great railrosd trouble is drawing to an end,
hut .Ea -Anaa that k-thA- s>AA.--'~uos,s sot'
tlsd at once Il will not be the fault Of ,Presi-
dent Magrath, who, while upholding jealously
the interests Of his stockholders, has been
most anxious to avoid litigation and vexstious
controversy. --.5.-