The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-03-18
SAVANNAH AND CH.4RLEsTONR RAIL
ROAD COMPANY.

The annual meeting Of the stockholders OF
.he Savannah and Charleston Railroad Compa-
nv was held yesterday in the hall of the
Planters and Mechanics Banb large num-
Der Of stockholders were present.
The President presented the following re-
port: -
- SECOND ANNUAL REPORT.
SAVANNAH AND CHARLESTON RAILROAD COMPANY.
CHAE EsroS, s. c.. March II, 1867. }
To lie StocEhoLiers-1he Board Of Llrectof' re-
specttu Iy submit the accompanying repres OF the
superitsndent ard sacre ary AM treasurer exhi l.
in. in detail the sairs Of the company for tue past
year.
has been made in lhe work reconstruction since
our last annual me;ne This, doubtless. has given
rise TO criticism pc.haps cen ure. IRON persons
not intim tcy acqu .ntcd with the difficulties which
has besot your direction.
To n,ainlain the operations OF the road ~ to rhe
present tire, with its limited resources, has faxed
eur utmost ingenuity, and only been acc"hp lsu q
by lid economy careful administration OF lts
inarcss. ,,.
have struggled vigorously uSainst every adverse CIR
eums;anre sustain the present status ut th, road
until sucl time as the plans we had In cont"npla-
ton could be fully roalzeJ We nov nave tue
pleasure 10 congratulate YOU on the copsumma
ton of or efforts in the passage nf an aci by
the General Assembly, ratiiel the % inst afford.
ing the necessary to complete the rold to So
vannsh.
1he securing of this loDs and a1xiously looked
for all has been attended With veNa,Ious delays,
aud at times, with obstacles sufficient almost TO
parslyze our energy, out We have never relaxed
our exertlo for q moment, couhdent o1 the sue
cess OF the cause in which VIC were engaged.
The moment for prompt re- umption or the
work upon the road has arrived. aud 1t IS earnest
ly expected that the Board Of Direction you are now
called on to elect will 'ose no time IN pushing ior'
n ri he work to lrly con petlOn
The importance Of opening up this line OF COM
municaticn has been NOR manifest within the past
year than at period since the hrst conception Oh
the eaterprise.
10 very ons interested in railroad affairs. travel
ling the seaboard line north OF this cly must have
been apparent how great has been The increase Of
plssepoer business coming south during the winter
and consequently CT oresponding return NORM as
the summer approaches. No insignificant STARE OF
this travel is tributary 10 ad, invited by mo
fertile il and genial climate OF our nei5hborng BIS.
ter st te Forida. That this m gratory AMI
travel and business Will be augmented III the luture
by the increased facilities aud comforts afforded oy
k,e Savannah and Charles on Railroad. DO Que can
rouht; sufficient evidence beng daily a:ouceo oy
the um. OF travel seeking that region by the cir
cutous route via Augusta and savannah. or by the
sea route via Jacksonville and Fernandlna. all Oh
which will nece .sary adopt the more direct speedy
sod economical mmunicattoC Afforded Dy our line
Il is also well known to our business community
!aat at the present time (oIcept to very nnlted
extent, our city is deprived OF the oenehts Oh
large share of ITS legitimate 1oobng tade from one
OF tho mos. favored ections of lie SOUTH for want
Of tie proper facilities. Previous to the war
Charleston enjoyed q liberal patronage from tho
s,v:oii of country, South aud West as far As the
u Of Mexico while the ilan ers OF that region in
yarslly sought this srset for the sale OF he great
STAPLE ae tie st advantageous to their interests
This business we Will again comm md when vrr the
SIyann b and Charleston Railroad Is completed
In nd i,!ou. We h-yc reas .nable assurance OF
moro direct conn unication with the West la Is
lsnds via St Mark. Florida, over our hae, aud oil
r,.vcuue ther from never contemplated until within
q shott tune past
without desiring to eI-i,e delusive e1pectatioue,
your direction ref ain from expressing their
co .6 ienc. 10 the future prosperity o. the road
With persistent energy aud dctermll lton to over
come ali obstacles. efforts Lust result in success
Respectfully suLpi ted.
j. k. BoYL,ToS, President pro tenn
Af.er which an oieo.ion for directors was
hold. which resulted as follows:
j Il BoyLstoN" J. H. cGAiPeELL*
JAMES FL IAYLons tDAvID JEENISGST
krFy ISAcSS ANDREW >IMoNDS.f
W. s. HAsrIE.* {. l. CUNNINGHAM
sEl.ccd by stockholders.
tappon m Its by the Governor OF South Carolina.
Twice john 5. Ryan, who declined are-oection.