The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1870-06-02
g HoYT & CO., Proprietors.
; from the Gresnvilze Nountasneer.
-; Air Line Railroad.
lsfsnEENY1lrlE1I. IS. c., May l6, 1S70.

. u ,7st1r.ls.i AIR Line EssiniV"o'
s.:,,,sss ,aasf,pEpsy11rrE, S. c., May is, 1870.
Ata meeting of the Executive Committee
ef+he A;r,I iine Railroad, held this evening II
i5esGonr; House, the. following report was re-
ce;yed from the Sub Committee appointed a
the last meeting q, asl{f1.sii, ., -
The Subj Committee appointed at the ias
meeting of this Committee, and who were cnarg
edwith the duty of reporting to this meeting a
to the best and most efectual means OF raising
the:necessary4 aid required from this city ano
County To- secure the construction OF the an
Line Railroad through this State, and esPe,
cially. by this city; and IT both the suoscriP.
ton of city. and County should be made IN
Their bonds. then report their opinion as to
fbe hest and most efectual method OF making
them available to the Company. beg leave,
respectfully, to ,e;zsa5l.z.lsss..s,s..s = i2e1
Z That they have given the subject such con-
s;jersfionsa as their limited time and their other
anaapeaments EN- would permit, and that whilst
,fbeT s,ihniit herewith a scheme for the accom-
nl;shmeni of the. desired result, they must con-
Tess that the paramount Importance OF the
enterprise influence upon the future destl-
m mnyand prosperity of this city and County, and
the great Importance of suggesting scheme
at the beginning which has in it the merit and
Yise,onstd work out The desired result induces
Them to appeal to the Committee and ask
them to make any other suggestions that may
present themselves as being wiser or more Prac-
fieable, looking to the accomplishment OF the
same desired result. .ys,- a..
IN. the opinion of your Committee, no enter
prise has ever: been agitated in this community
since It's earliest settlement of so much impor-
lance: certainly none which holds the destiny
of both city and County SO completely within
its power and control. If its location should
be Diverted to, other localities, In consequence
of the failure of our people to give promptly
such material aid as will insure its location by
this CITY, and to localities where the people are
exceedingly anxious to secure 1t, and who
promise the material aid required, and are only
waiting for the first intimaion of our failure
to step forward and secure it, then all our pride
and boast of our beautiful mountain city, built
up and supported, as it has been in great de-
gree, by admirers attracted to it by its climate,
It's scenery and its society, will vanish away as
8 yapor;; snd we will be left to see other places
more fortunate built up and take their places
upon the line of the contemplated new road,
with perhaps other connecting roads conver-
ging thereto, which viii grow into great cities,
whilst ours must continue to decline IN popu-
1ation, wealth, business and other attractions.
-1OQ IQc OClCI uilnu, IL NC dC1 PlOiAPey3 eiAN
render such aid as we are able to do, then
there can be no doubt of the location of the
road by this city and its early completion. Its
influence upon the material prosperity of the
city and County, in the opinion of your Com
mlittee, cannot be measured by language or
imagined by the most sanguine.
Your city, from its present population, Will
rapidly increase in numbers, and soor take its
place among the larger inland cities of the
country. Your water powers will be occupied
by capitalists and artisans. Your farms will
be subdivided into smaller ones, and cultivated
in the highest style of the art. Your country
will be densely populated by thrifty and in
dustrious citizens, who will be attracted to this
country by its climate its w,rter power, its
minerals and its wonderful resources. Citizens
will come here with money and with muscle,
and bring their families with them as actual
settlers" to link their destines with US In this
country. They come to improve their fortunes
and to aid you in making the country better
one for them and for you; to help you make
the government better one for all with each
year, and to aid you in improving and perfect
ing your system of education.
With this state of things, other railroad con-
nections will be built as necessity may require,
prompted from time to time by the common
prosperity of the country.
The information in possession OF your Com
mittee convince them that the Air Line Kali
road will be built. A contract with response
BILE parties has been entered into, with all the
details arranged for that purpose. The only
contingency being the contribution of a small
portion of the money necessary to build 1t, by
the people along the line, and its location will
be determined, in great degree, by the con-
tribution or aid given by the different locali-
ties. t-l''
Your Committee are of the opinion that it is
reasonable to expect from the city and County
of Greenyille, in consideration Of the foregoing
facts, the sum of two hundred and fifty thou
sand dollars; and they respectfully recommend
the following scheme as, in their Judgment, the
best and most practical one for raising that
sum, to wit:
The County of Greenville to subscribe $780,
600 to the capital stock of the Company, and
issue their bonds for the same amount; the
city of Greenville to subscribe $4,000, and,
also, issue their bonds for the same amount i;
both to carry interest at the rate of eight per
cent. per annum, and to run for series of
years, say to mature in IL, 16, 20 and "a years.
The interest or coupons upon them to be re-
ceivable for city and County taxes. The stock
received by both the city and County in the
Railroad Company, for the above subscription,
to be held by a trustee, as security for the
bondholders, and pledged for the redemption
of the bonds at maturity. These subscriptions
to be made solely on condition that the road
be located through the corporate limits of the
city of Greenville.
sThe proportion of city and County subscrip-
ton appears to your Committee to be about
just and proportionate, taking into considera-
tion the superior advantages the city may hope,
to gain by its location. The assessed value OF
real and personal property for taxable purpo- roo
ses, in both the city and County, is So 5,024,o0o,
Of which about S950,0OO is owned within the
corporate limits of the city. In the scheme
proposed, the citizens of the city will be as
sessed and required to pay their proportionate
share (being about one-ffth) Of the interest
sides thew will have to nav the whole amount