The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-02-26
The South Caroline Maiiroad.


1 do not propose. Mr.. Editor. to write
history Of this railroad, which was the
first railroad SS++s- soss.rus.ea;a ;a s.he
Southern States and ftf someA tine. 'the
longest Road in the world; but; nsrel yto
throw out few hints, 80 thai stock
holders may see their true interest and
not part with their stock, when we have
evidently passed the cfisistin our affairs,
and with ordinary prudence and fore
sight on the part OF the Directors, the
stock so long almost worthless. will now
continue steadily to advance to its par
value. The Directors, doubtless, had
many difficulties TO contend With when
the war closed, and it is not necessary in
this article to discuss the, wisdom OF their
management; suffice it to say, all the
difficulties have been overoome-our fu-
ture prospects are Bright and the foad in
excellent condition. Our foreign debt,
of about 50, 2,00O,0 900, went to protest
during the war; add to this, the road and
rolling stock was almost totally destroy
ed by Sherman's army, the prospects,
therefore, were gloomy indeed in 1865,
but in February, '66, the road was in
complete running order; we have now,
if not enough. at least. handsome out
fit OF locomotives, passenger and freight
cars, Of all kinds; our foreign debt has
Except small sunny been settled upon
very liberal terms: five per cent. and
twenty years to pay. The receipts Of
the road have been heavier within the
last twelve months than ever before in
the same period, and there is every pro-
liability that they will reach 81, 500, 600
by, February next. Our prospects justify
US in such reasonable expectations. Con-
slider them for moment. The Colum-
bia and Augusta R&ilfoad has not ruined
the South Carolina Road, as was conf
dently predicted, and it is evident there
is room enough for both, dnd Instead of
the receipts falling OF, they hive actually
increased. This is attributable TO two
causes: First, the increased energy, zeal,
vitality and spirit infused into every de-
partment OF business; in o word, the
progressive spirit of the age. Second,
the important connections this road
has only partially made with the Georgia
roads. In less than one month, the con-
nections will be complete and passengers
will take the cars at Macon and get out
in Charleston. Thousands of passengers,
who go North every year from Macon
and points in the interior beyond Macon,
have heretofore gone down the Central
Railroad to Savannah and took steamer
to New York and other points North
they will now have a much more desira-
BILE and direct route from Macon to
Charleston Uia Augusta, 100 miles
shorter; in few months, also, the cars
will run through the city to the water,
where they can step from the cars on
board the steamers aud go direct to
Liverpool, New York, Boston, Baltimore
and other points. The steamers are
already on tie lines and doing success
full business, and if Southern people will
look to their interest, our cotton need
not, in future, 60 to New York, on its
way to Europe, to be tolled. The receipts
over the Central Road are over ZOO,
600, it is not unreasonable to expect
one-fourth of this for our road. The
Directors have determined to declare q
dividend in July, to be quarterly there
after, and those stockholders who gave
up in despair and sold out, 1 think will
only regret it, for unless war, or an
earthquake, or some other unforeseen
casualty happen, stock will be double its
present price in less than twelve months
For political as we'll as pecuninry con-
siderations, I would say to Sonth Caro-
linians: Keep the control of the South
Carolina Railroad. CIVIS.
The NATIONAL OBSERVATION-DISCLOSURES
ScAN-MAG.-The Federal city has q new
sensation, and dirty one ut that A
wicked correspondent of the PHILADELPHIA