The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-03-01
THE souru CAROLINA H4I1RoAD.
AKearty Endorsement Of the Adminis-
tration.
From the Barnwell sen,lnel.l


This, the oldest railroad company on the
continent. has Just closed its annual meeting. We
have read the reports Of all the officers and the
proceedings Of the meeting with pleasure, and
congratulate the corporation on the nourlshiug
state OF Its affairs. When we consider the conai
tion or the road at the close OF the war, entirely
torn m and all the depots and stationhouscs
burned from Augusta and Columbia 70 Branch
vile; the workshops In Columbia In ashes; the
engines passenger coaches 8nd cars IN dtapi.
dated condition, many OF them unft for Use, and
all OF them needing repair; the country along the
line devastated, and the people sunk IN the very
depths Of poverty. aud compare the present state.
OF efficiency with that condition OF apparent
wreck and ruin, It ls wonderful how the COMPANY
that can he paid to the management The re-
election OF the present able oficersls 1st tribute
to their skill, efficiency and Integrity.
.AI, corporailons OF this character have TO bear.
more or less, much complaint and faut.1nding.
and the South Carolina Railroad has had It's full
share; but tile direction have exhibited great
armueSS, wise encoIomy. prudent eXpend tlre,
and restored The road not only TO its present
efficiency, but resumed the payment ofdividends,
by hrnlly Carrying ont policy. the result. OF
which shows that II was The very best for the
general interest OF the stockholders. With the
connections now open to the West and South
western Georgia. and the steam lines to the North
AMI Europe In successful operation, there Is every
reason to believe the business and income u the
road will be largely increased. We sincerely hope
the next meeting of the stockholders their dvi-
dends will be greater, and the value o. the stocS
much higher.
We see q feeble attempt was made to organize
an opposition to President Magrat?, barits signal
ia lare is the best evidence OF the high estimation
which the corporarorS place upon the services.
loyalty aud integrity OF thai gentleman. Wlen
we hive heard complaints made by critics OF the
road at the high salaries paid 70 The president
and vite.presitent aud hat the two officers were
unnecessary, 1t always occurred 10 u, what bust
ness Of ours is itH Has not every man and every
company the Fight 10 manage his UT It's affairs 10
tha, way which seems best ~ them And II they
are satisfied why shou anybody Else complain
The salaries paid TO President aagraJh and Vice
president Tyler may appear large 10 those who
have nothing to do with the company, but II the
owners Of the property are Satisfied, whose bust
ness Is ft2 The very best proof OF that sa;iSfac-
tion is the Improved condition OF the atatr5 or
the company, aud the unanimlty displayed 10
the reel ctlon Of these otncers. II one were TO
say, Mr.. Trenholm. you pay your booKkee1er too
high salary. His reply would likely be, sir, L
ana the best Judge OF what the services Q. my
booSkeeper are worth to me. II one were 10
wax into The bank psrlor Of Ihe Peop!e'sbank
and complain that the salary OF The cashier Is TOO
high, he would likely be asked 10 mlhQ MS own
business. But every busy-body THINKS ne mas tne
right to discuss the compensation OF PRESIDENT
Ma9rath and Vice President Tyler, the corpora.
tors themselves being perfectly satisfied that tner
services are not too highly valued. And when we
reflect that not Cny all the time OF tli Sc ol:ers
is employed, but that It requires high orter O.!
administrative taleut and long training to ut
them for their arduous duties, to say nothing OF
their exposure on the line OF road and frequent 40.
sences from their homes and families it VIII De or
should be readily admitted that tney are lot s. eA
trayaga1tly paid. AN eminent lawyer readily
commands fee OF live hundred or thousand
dollars, when young lawyer is satisfied to 60
into the case for fee Of fifty or hundred DOL.
lars. Why Experience and ability must pc paia
for. We congra,ulat the company on It's success,
and hope it will continue TO increase It's prosper
iry. To Barnwell County. especially, 1t IL OF great
aid and encouragement III their power to the sue
cessful development of the great enterprise. we
respectfully suggest TO President Magrath anu
Yice-Presidsnt Tylsr to turn their attention To
we'll.