The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-11-30
tence, that the sale above spoken of should be

tence, that the sale above spoken OF snoulo pe
consummated
Laying aside the very important considera-
ton that the sale of controlling number Of
shares in this companyto any one Individual
or any one corporation would be, TO say tne
least, of very doubtful policy, when 1t is con-
sidered that this sale is proposed to be made
TO persons who are not only understood to
represent rival interests to those OF this COM
pany, but whose counsel did not hesitate to
declare that the object Of the purchase was TO
obtain power and control, it must be patent
TO the mind of every one tnat every Just-
fable measure should be resortcd 10 Win
a view to prevent the cohsummation OF
such a result. Any one who will look at
map will see that our road constitutes part OF
what is likely soon to be the most diFect line
of railroad from Charleston and the SouIh
Atlantic seaboard to New York. II, there-
fore, this portion Of this line 10 aiio"e" 10
fall into the hands OF those whose interest IL
will be to divert the travel from this, the most
direct line, to the present route by inc way OF
Wilmington, the consequences cannot ouI De
disastrous to US as well as to those roaas win
which we are now, and hereafter expect to be,
connected Our hopes and expectauons ior
some time past have been to extend our con-
nectious with North Carolina, either at Sails
bury or Greensboro, or both, 80 as not only u
nut US on the main line of through traVei, pnt
also to open I'D to us the rich grain growing
region of our sister State; but IL this
portion of the contemplated line is al
lowed to fall into the hands or under the
control of those who are necessarily rivals ana
who must, from the very necessity OIL ther
position, bend all their energies to the dcieas
of these hopes and expectations, then
we are indeed blind to our own interests az
well as to the interests Of the community
which bnilt and which sustains our road.
single glance at map is sufficient to satisfy
any one that it Is against the interest OF those
who own the Wilmington and Manchester anu
the Wilmington and Weldon Railroads 10 dlto'o
ann connection north from CherGao-either
with the Chatham, Salisbury or Greensboro
Railroads; and hence if the sale above spoken
of is consummated, whereby the control OF our
road goes into the hands of those rival inter-
ests, we may bid farewell to any hope OF ever
extending our connections nOrthward, ana
possibly may be confined to only one outiet
southward, instead of the two we now have.
The board cannot close this report without
calling your attention, officially, TO the very
great losses which we have sustained, since
our last annual meeting, in the death OF Allan
Macfaran, who for so long time has so ably
presided over this company, and who from
the first and to the last, in prosperity and IN
adversely, was always found at his post
jealous in the discharge Of his duties and in
the death of Caleb Coker, who, ever since the
organization of this company, has been an
active, useful and influential member Of this
board, and one whose wise counsels will be
greatly missed at all future meetings.
Respectfully submitted.
HENRY MCIvER, President