The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-02-15
So; =.
The Railroad Meeting Yesterday.

The Railroad Meeting Yesterday.
The adjourned meeting Of the stockhold'
ers of the South Carolina Railroad, held
Yesterday, passed off quietly; the proceed
ings being marked by practical business
sense as we'll as lively patriotism. NO
narrow views were entertained or expressed.
The. evident desire vast do the best posi-
BE for the safe-keeping and the improve
ment of South Carolina, as represented oy
our main line of internal communication
without indulgiDg in any petty jealousy Oh
peighboring cities and States. A large heid
:, ,nen to the railroads of the South, and to
the seaports whose commercially sustain.
There is ample room for all, and it is better
by' far that powerful corporations should
work harmoniously together than that they
should, by rash competition, exhaust their
l.
treasury and become an easy prey to the
attacks of adversaries whom, in the fulness
OF their vigor, they could speedily over
come. This is the spirit which prompted
the resolution offered by Mr.. Trenholm, and
unanimously adopted by the meeting. -,
Theproposed lease Of the. road was dis
cussed by Mr.. Louis D. Desaussure, by
Colonel Lathers and by Mr.. Trenholm
Ths,yy held it to be duty and commercial
necessity to retain inc South Carolina the
direction of our chief railroad. They were
ready, as already remarked, to unite with
the railroad companies Of Alabama and
Georgia fer the purpose Of securing to Sa'
yaunah and to Charleston the business
which naturally belongs to those ports; hnt
they are not willing, and the people cannot
be willing, to lead even generous rivals into
temptation by giving them therkey to. our
coffers-;,by making Them the aroiters Of our
destiny, and holdlngiout to them the pro. o.
mise Of surprising prosperity at the price ot
oup'mfsiortune.Y ~
The representatives Of the Ring made no
attempt to reverse the decisive vote OF Tues +.
day. They felt their weakness, and did not
care r to risk q second fall. But they have
not abandoned the contest. They are work
ing more actively than ever. All day yes
terlay they and their agents were buying
up South Carolina Railroad stock. Said
Mr.. John q. James, "Lf you mean to ee,
patriotic and oaon you' oe0n railroad, s0hy
aou's you Dug The four hundred shares ''oao
hacked about the Streets" which shares, we
may add, were snapped up.by Mr.. John a. :
James as soon as the meeting adjourned.
And we are compelled to repeatMr. James's
question: II the people are resolved, as 8,
matter of interest and . matter OF patriot
ism, to retain the control of the South Caro-
lima Railroad, why do they allow the Ring
to add daily to the thousands Of shares they
already possess : - : 9 :
The ight,is only begun. Unless the peo-
pie take measures for absorbing Immediately
| q large part Of the stock Of the company,
the Ring will have controlling interest
within ninety days, and before Christmas
will have the South Carolina Railroad as
completely under their thumb as though it
were street railway in Savannah, or an
operr,ai-house in the city Of which Mr.. John
h. James is Mayor.
We print elsewhere the result OF the
election held at the meeting. The, board OF
directors were reelected by an almost
unanimous vote, General James Conner
taking the place Of the Hon. Charles NJ.
E,r.,an pbo declined q re.plpctiOn