The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-04-22
1 90 al ITEM g.


gusta Railroad met in annual convention
at the City Hall. in Augusta, on Wednes-
dsy morning, at balf-past 10 o'clock.
Hon. j. Y. 81. Allen was chosen perma-
nent presiding officer of tho convention.
Messrs. @. II. Manson and G. p. Hyde
were requested to act ns Secretaries. A
committee of three on proxies were APP
pointed, consisting of Messrs. J. J.
Cohen, J. p. Southern and A. Il. Davcga.
Col. VIM. Johnston, President of the
road, read his annual report. From this
report, we gather that the gross earnings
OF the road for 1869 were S4O3. 1856. 40;
the operating expenses 1925. 996 52-
leaving the net earnings SLIT, T88. 30, or
about IA per cent. of the gross earnings.
The report also recommended that, as
the road owned $20,000 of stock in the
Atlantic and Tennessee and Ohio Rail
road. familiarly known as the Charlotte
and Statesville Railroad, 461% miles in
length, which road was dismaniled by
the Confederate authorities during the
war, and MS said company was now una
bic to rebuild and equip said rond with
ont cooperation, committee DO ap-
pointed, or the Directors OF the Charlotte,
Columbia and Augusta Railroad ba iu-
vested with power to negotiate with
similar committee, or with the Directors
OF that company, on the subject.
Mr.. j. j. Cohen, from the Committee
on Proxies, reported IL, 795 shares neces-
snry to n quorum, and 1875 shares
represented in the convention.
Col. T. w. AIcMaster read the report
OF MIR. c. Bouknight, Superintendent.
Tho earnings for the year have been
from freights $1SS, 7G5. 80; passengers
S199. .516.94 mails S14, 467.4S; minor
sources S1.O35GS; total S404, 1856. 40.
Expenditures on account of road opera
tions are: Maintenance way $5S, G30 Al; ;
conducting transportation $50, ,G9S 95;
motive power Sl6,524. 81; maintenance
cars $6,47ls5; machine shops s39,-
656 &C; loss, damage and deductions
50. 40. 27; over. charges 1884 %; through
passenger line 81, ,54O.37; tax paid State
and United States $44, 4,5GO..2O; total
S226, 536 SO; leaving SLIT, ,248. 90 for pay
ment of interest and taxes, and accout
of Augusta division. The stock of cars
consists Of first-class coaches, second
class coaches, S mail cars-totnl Is. 70
box cars, stock cars, 40 platform cars
total 1876.
DIR. L. s. Lewie. Director in the last
Board, respectfully declined to allow
his name used ~ candidate for re cleo
tion.
Col. J. H. Rion offered the following e
resolutions, which, after some discussion,
were adopted:
Resoiced, That all persons holding
stock in the Charlotte and South Caro-
linn Railroad. or in the Columbia and
Augusta Railroad. be requested to have
the Same changed to stock in the Char
lotte, Columbia and Augusta Railroad at
Oh early day.
Resotued, That the privilege of free
transportation for stockholders and their
families, to and from our annual meet
ings, be hei eafter extended to the holders
of stock in the Charlotte, Columbia and
Augusta Railroad only.
ReSolcea, That no stock bo allowed
representation Mt any future stock
holders meeting except stock in the
Charlotte, Columbia and Augusta Rail
road.
Gen. Barringer, Chairman of the Com
mittee on Reports of Officers, submit
ted report rccommendatory of the
adoption OF said reports, which was re-
ceived and unanimously adopted.
Mr. Walker, Chairman of the Com
AhieSSO OA IepOTLGu the
following nominations for Directors for
the ensuing year. which were decided by
ballottin the affirmative: From Georgia
W. Il. Jackson, Josiah Sibley, j. J.
Cohen, S. d. Heard From North Caro-
lina-Wm. Johnston, A. B. Davidson, J.
Harvey Wilson, Gen. Rufus Barringcr.
From Lexington-Gon. Paul Quattle-
banm. From Richland- G. D. Melton.
DR.. John Fisher, Edward Hope, +. w.
McMastcr. From Fairfield II. Rion,
W. r. Robertson. From Chester-G. j.
Patterson, J. J. Mcclure. From York
A. b. Springs.
Judge Robertson moved that the next
annual meeting of the stockholders be
held in Columbia, S. c., on the first
Wednesday in May, 1871. Unanimously
adopted.
Gen. Barringcr offered the following
resolution, which, after considerable dis
cussion, was adopted:
ReSolued. That the Board of Directors
are hereby invested with full power and
authority to treat with and conclude any
negotiations or contract with the autho-
rites of tho Atlantic, Tennessee and