The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-02-05
AND A FEW SOLID STOCKHOLDERS.

The list Of stockholders referred to Is as fol.
lowa: - '9t p:1& s5i t.z.S -.
conner, =. W. shoemaker, W. F. Walters, W. F..
Walters, trustee. 4
Pennsylvania D. Cameron, G. W. Cass, Haf.
risburg Gar Manufacturing Company. John N.
Hutchinson, p. A. &s. Small, Thomas a. Scott,
HoSssn Sass 4 sS2 w. Hsrp spsses @ss George
Small.
tennessee Joseph Jacques, 9. NJ McGee
Georgin-H. B. Plant.
New York-WIlliam E. Dodge, Jr., William B.
Fowle, A. Iselln Co., ID. Willis James, N. Z.
Jessup Co.,, Morris z. Jeasup, Roosevelt Son,
r. F. Wilson, Robert Il. Kennedy, JohR A.
S.eTart,- William u. Fogg. A: n. White, A. 8.
Son, ". 3. Asplnwall. ). L. Atpinwall, e. Oald.
"fiii Ensland-DanIel James. E. Il. Green, g. 10.
mans.
The AMOUNT of stock held by the above gentle.
men respectively was not sta'ed. as General
Rather said he was not Informed upon the sub
Ject.
in this development: There Is no date 10
President Cass's letter; and although the
directors of the Memphis and Charleston Road
had a copy of the. charter, or act of incorpora-
lion, they had called fot further information.
This charter is not published. The amount Of
stock held by each of the millionaire stock
holders Is also withheld But with respect to
the charter, We see statement made to the
meeting by Ex-Governor Patton, Of Alabama,
who opposed, the lease, to the effect, that
'sthis company was originally started on q
capital of $2C0, ,000.".
These discrepancies and uns ,tlsfactory ex.
plantations, and seeing the names Of so many
Of cur old Observation-Disclosures, Cameron,
Tom Scott & Co.-am0ng the stockholders,
aroused our unsuspiclous nature, and we de-
termined to look into the au horltles. General
Rather states that the company Is incorporat-
ed by an act Of the Pennsylvania Legislature.
Well, of course, the statutes Of Psnnsy lvsnia
will supply MS with all the desired Informs
tIon, OF a perfectly authentic character. We
forthwith betOOk ourselves to the acts of the
Assembly OF that vlrtuous Commonwealth.
The most dlllgent examination revealed no
such Incorporation as the "Southern Railway
Security Company" or anything at all like It.
In the course Of our researches, however, we
incorporate the sSouthern Improvement Com
pany," invested with all the powers and privi-
leges of the "Contlnental Improvement" and
,oih authority to change Its name. We
sought then the act Incorporating "The Con-
iinental Improvement Company" (passed
in 1862 and found powers and prlvl-
leges of unlimited range, and among
others the ever saving clause, giving author
ity to change its name. Our new friend, the
sSouthern Railway Security Company" may
be one of the trapsmutations of one or the
other, or both of these ProLean monsters. II
not covered up under some of these dlsguises,
we know not where to lind 1t. But Is not this
authority to corporation to change Its name
curious freak Ia. legislation? What does II
mean? Can the motive be honest? We find
it in every act, incorporating a company which
might have transactions with Southern rail.
roads. 1t cuts an Imposing figure In the Penn.
sylvania Companyn-the waste basket Of the
Pennsylvania Central. Is 1t q device, delioe.
rately concocted, for general and widespread
thieving? A man who uses an alias Is justly
suspected of dishonest intent An honest man
never employs such disguise. But let that
pass.
Taking this new "Southern Railway secu-
riiy Company" for what 1t represents Itself to
be-even if we could believe man, or set OF
mel, under oath who use an alias let ns see
how heir means correspond With shelr as
sumptions and liabilities. According TO Pres.
isent Cass's letter, the amount of capital paid
In Is So, 900 900; subscribed, $4,000 900; total
value uf property, $5,000,000. We may be
certain of one thing, that they do not under.
rate their capital. II has been lately disclosed
that al the purchases and leases supposed 10
be made by Walters & Co.. and the PenDsyl-
vauia Central, sonth of Richmond, were really
made by this ring Of adventurers. The tol'
lowing Is list oil The Southern roads In which
This monster combination hol1 majority ol