The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1870-06-02

successful and satisfactory negotiation. Then
we must rely upon our people at home The
interest which must naturally be felt in the en-
terprise by our own people, and their knowl
edge of the resources of the country and the
ability and the good intention to pay the bonds
at maturity, and the interest as it natures
sbould stimulate all, who are at all able to dc
so. to take as many of the bonds as they may
feeliable to do. In place of subscribing to the
capital stock of the Company and taking the
stock in their own names, they should sub
scribe for and take an equal amount of the
County and city bonds The terms of the con.
tract, as your Committee understand it, is that
the subscription is payable in two years, in
equal quarterly payments. Then, by taking
the bonds, the holder has either County OF
! city bonds In place of stock in the Company
The interest upon the bonds is receivable in
1 payment of city and County taxes; and, be-
sides, the principal is secured by the pledge OF
| the stock in the Company for which they were
issued, which makes the security ample, and
the investment in the bonds good and safe
one and, at the same time, the holder has
| contributed an amount towards the eonstruc-
tion of this great enterprise, equal to his in
vestment in the bonds.
A liberal investment in these bonds cannot
be too strongly urged upon the citizens of this
community. Their prompt action in the mat
ter secures the construction of the road and Its
location by this city; failure to do so may
lose the opportunity of doing SO forever, and
divert it to other localities.
The enhanced value of property as conse-
uuence of railroad communication through any
community, is too well understood and appre-
ciated ut this late day to require any argument
to prove its truth. A distinguished railroad
man in South Carolina said in his report to his
stockholders, few days since that no railroad
of fifty miles in length had ever been construc-
ted and operated for two years successfully,
that had not more than compensated the peo-
pie along its line for the cost of its construc-
tion, in the increased value of their property,
which was traceable directly to the influence of
the railroad upon it.
It is somewhat unfortunate for us, in this
particular, that the contemplated line crosses
our County at its narrowest part. Ii, on the
contrary, it passed north and south through
the County, it would traverse a much larger
portion of it, and pass near many more OF our
citizens and, perhaps, many more of the more
wealthy class might feel disposed to invest
more literally in the bonds than they may 9TH
erwise feel disposed to do. But your Commit
tee are of opinion that all portions of the
County will almost all alike feel its beneficial
effects as one portion of the County and city
prosper, all other portions must feel and expe-
rience its effects. Your Committee have made
some rough estimate of the advantages that
those living along the contemplated line must
derive, during its construction, from material
which otherwise would be valueless to them,
such as standing timber, stone, &C., and are
satisfied it cannot fall short of S25O,OOO.
Your Committee would recommend co-ope-
ration and conference with other localities
along the line, and especially in the direction
of Charlotte. This conference and co-opera-
ton, it is hoped, would contribute towards har-
mony of action between the sections, and pro-
mote the general interests we all have in view.
The time has passed by when people, with
any pretensions to intelligence, thrift and en-
terprise, are content to live in any country
where they have not quick communication
with the balance of the world, by both railroad
and telegraph lines; and the best and only
means of preventing our most worthy and en-
terprising young men from leaving the country
and going to where these advantages abound,
| is to provide them as far as we can at home,
by contributing of our means and time as much
as we can to their development.
| When the Air Line Railroad is completed, it
will be the shortest and most direct line be-
tween New York and New Orleans, and the
shortest air line that can ever be constructed
south of the Alleghanies. Greenville will be
as near New York as Columbia or Charleston,
and thirty miles nearer Atlanta than Augusta
is. The line will be shortened over the pres
ent one by the way of Columbia at least 120
miles, which will naturally draw upon it all
the through travel between New York and
New Orleans, and points southwest
H. P. HAAfMETT, Chm'n.
On motion of DR.. James P. Boyce, the re-
port was received and adopted.
On motion, it was
Resozred, That the report of the SubCom-
mittee be published in the newspapers of the
Counties of Greenville, Spartanburg, York,
Anderson and Oconee.
JAMES P. MOORE, sec