The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-03-17
SdEANNAH AND CHAELESTON
RAILROAD.

ing an evening than In attending tncSe Seanccs.
SAVANNAH AND CHARLESTON
RAILROAD.
Meeting Of the StocLholders-RePort OF
the President-Election of Officers, SC.
The regular annual meeting CT the Savan-
nah and Charleston Railroad Company was held
at 12 NJ yesterday, in the hall Of the Planters and
Mechanics Bank.
On molten Of President Alexander Isaacs, Hon.
Henry Buist was called to the chair.
Mr.. Fisher, secretary Of the company, was re
ouested to act as secretary Of the meeting.
II being ascertained that six thousand seven
hundred and three shares Of stock were represent
ed, more than enough to constitute quorum, the
chairman announced that the meeting was ready
to proceed to business.
President Isaacs then read his annual report,
the third annual report OF the company.
THE REPORT
Is too engthy for publication, and therefore we
prese mt the following synopsis. 1t recites that
the op erations for the last year are: Receipts
from freight, passengers, &C., s51, ,SA 13; operat-
ing expenses, SAG, 776 56; excess OF earnings, ss
s57 81. During greater part OF the year the cars
were only running as far as Coosawhatchie, and
to GrahamvIe only the last two months OF the
year. The road now. excepting in some minor
particulars, is completed and there IS daily COM
municatIon between the Cities Of Charleston and
Savannah, and makes complete the coast line
from Maine to the Gulf OF Mexico The conrec'
tion between our city and Savannah opens vide
field for the enterprise OF our merchants, and the
prospects Of the road are very encouraging, both
In regard to travel and freight.
After recitlng the advantages to Charleston
from the completion OF the road, in attracting
thlther the trade (she formerly possessedl from
Florida, Southern and Southwestern Georgia, and
Southern Alabama the president suggests that the
Savannah and Charleston Railroad be connected
with the Atlantic and Gulf Railroad depot In
Savannah, which can be accomplished by con-
structing track five MES long; also, that
railroad bridge be built across the Ashley, from
the term linus OF the road across this river to the
foot OF Calhoun street; that then track be laid
through Calhoun and Washington streets to the
depot Of the Northeastern Railroad. The bridge
could be q separate corporation. This plan has
been adopted Ia bridging the Cape Fear River, at
Wilmington, with gratifying results have been
informed by capitalists that the bonds OF such
company could be negotiated upon very fayora-
BILE terms.
The report concludes with brief notice OF the
failure OF the contractors to complete the road at
the time agreed upon, compliments the zeal and
efficiency OF the employees, and states that there
Is everything to show that the ROAD is now enter
ing upon career Of prosperity which must In
few years, make it one Of the best and most re-
munerative roads in the South.
On motion of Hon. J. r.: Campbell, the report
was laid on the table until the other reports
could be read.
Dir. C. S. Gadsden, engineer and superntend-
ent or the road, read his annual report, showing
the operations in reconstructing the road, and
expressing the opinion that 1t would now COM
pare favorably with other railroads in the
country.
The treasurer's report was then read by MIR.
Fisher, after which, on motion OF Hon. J. B.
Campbell, all Of the reports were accepted, and
ordered to be printed.
On motlon OF Mr.. DeLeon, the suggestions In
the reports OF the president and superintendent
| were referred to the board OF directors, With
power to act II deemed advisable.
Mr. Marshall moved that the thanks OF the
stockholders be rendered to the president, cngi-
neer and superintendent, board OF directors, and
| secretary and treasurer, for the able manner in
which they had discharged their duties during
the past year.
Mr.. DeLeon seconded the motion, and in so do
| ing paid high compliment 10 the efficiency OF
the officers named, and especially to President
| Isaacs, expressing the opinion that 1t was In
great measure due to him that the road was CON-
pleted.
The motion was unanimously adopted.
Hon. ]. B. Campbell stated that for long time,
one Of the directors Mr. Boylston, had per-
| formed the duties OF president without compen-
satlon, and he would recommend that the board
OF directors tender to Mr.. B. suitable testimoni'
al as mark OF appreciation Of the stockholders
OF the company for his services.
Mr.. Marshall made motion to that efect,
which was unanimously adopted.
President Isaacs offered resolution providing
that hereafter the annual meeting be held on the
nrst Wednesday In February, instead Of on the
nrst Monday In January as heretofore. Adopted.
On motion OF President Isaacs, q vote OF thanks
was rendered the president and directors OF the
Planters anu MeCTunlCS' Dauh lOT tIle use VI lue
| hall.
On motion of Mr.. DeLeon, an election for six
directors was proceeded with, and Messrs. Mar
shall, Lengnck and Kaufman were appointed
conductors of the election. Messrs. Alexander
Isaacs, J. Il. Boyston, James Fl. Taylor, w. S.
Haste, James B. Campbell and David Jennings
were elected. each one having received e05 votes.
On motion of Mr.. Marshall, vote OF thanks
was rendered to Hon. Henry Buist, for the cour-
tesy and impariIality with which he had pre-
sided.
On motion OF Mr.. J. Il. Taylor, the meeting ad-
journed.
At subsequent meeting OF the board Of direct
ors, Mr.. Alexander Isaacs was unanimously
reelected president Of the company.
CRvHBs--Messrs. Boinest Martin have, by
authority Of the Postmaster, placed letter box
ut their store on King, opposite Ann street. This
will prove great convenience TO the residents Of
that section OF the city.
On and after the goth OF this month The hours
OF ringing the St. Michae's bell will be changed
from P NJ. to P. NJ. for the first bell, and from
sP. NJ. to 10 P. NJ. for the last bell.
Five trips have been made from here to Saran'
nah since the reconstruction Of the Charleston
and Savannah Railroad, and Two hundred and
thirty eight through passengers were carried
f,n