The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1872-08-07

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cceding ono million dollars (6l, 600
0OO,) in shares of twenty dollars $50
each, to constitute a joint capital
stock, for the purpose Of constructing
and carrying into operation the afore.
said railroad, o. any part thereof
And it shall be The duty Of the said
corporators, Or . majority Of them
to open books Of subscription as soon
after the ratification of this Act as
may be practicable, Of which twenty
days previous notice must be given
in any newspaper or newspapers in
the States aforesaid; and the sNbscrip.
ton books sha | be kept open for sixty
days; that on each share Of stock
subscribed, the said subscribers shall
pay two dollars (S2,) or its equivalent
in currency, to the operators, who
shall give a certificate for the same
land, on the non-paymcnt Of said in,
|stallmcnt, the subscription shall be
void the corporators shall deposit the
money received by them on said cash
linstallmcnts in a solvent bank, in any
Of the States aforesaid, and at the
respiration Of every thirty days. That
when the sum of one hundred end
fifty thousand dollars (sl50, ,0Q0) arc
subscribed, the said corporators, or g
majority Of them, shall give notice OF
the time and place Of meeting for Or
ganization i'll some public newspaper
in each Of the Ststcs aforesaid. But
| if The sum Of one hundred and fifty
thousand dollars (S150,0OO) shall not
be subscribed within the first appoint
cd time, the said corporators may, for
the purpose Of further subscriptions
to the capital stock. keep the books
open for such time, and 'at such
places, as they may deem proper :
Provided, That the corporators shall
not keep tho books open for q longer
period than one year, ut the cxpira-
lion Of which time the right to solicit
and receive subscriptions shall vest
in the President and Directors Of said
company.
\ After reading the charter, the Gen
erM, who has been one Of the most
earliest friends, and Jealous advocates
Of the enterprise, made a strong,
practical speech in its behalf, setting
forth the advantages of The proposed
road. and the practicability Of its
construction. He made an cncour-
aging report of the interest manifest
ed by Augusta, and made q strong
appeal to all, to bear a hand in carry
ing on the work. The road would be
some sixty-two miles in length, ard
would cost about 81, 100000. Augusta
proposed to build some twelve miles
Of the road, and to bridge the Savan.
nah at Fury's Ferry, leaving only
some fifty miles to be constructed by
US, and he said that if all would come
up with the proper spirit to the work,
its success was assured. The road
was not to be built by speech-making,
but by liberal subscriptions from
those living on the line Of the pro-
posed route. He believed that these
were fully alive to their interest in
the work, and would come up with a
spirit and zeal that would guarantee
success. He concluded with liberal
subscription Of $50 shares.
Mr.. Jno. NJ. Clark, who headed q
delegation of eight of the solid men
of Augusta, representing every de-
partment of trade, was hcxt called up,
and endorsed everything that the
Chairman had said with regard to
the city of Augusta. That city, he
said, felt very great interest in the
completion Of the road, and would aid
most Iibcraly. He enlarged upon the
advantages which would result both
to city and country from the proposed
connection, end rs proof Of his deep
interest in tho work, he concluded by
subscribing 100 shares to the Carolina
section Of the road.
The following letter was the read
by the Chairman, from Col. Wright,
with regard to his action in CORE
spending with Mr.. Mccormick, the
proprietor of the Dorm Mine, for the
purpose of soliciting his aid in behalf
Of the road:
Gen. p. II. Bradley, Chairman, dc.
DEAR SIR: Having been appointed
to confer with Mr. Mccormick in re-
lation to the proposed railroad, !
hare the honor to report:
Th:t | have lately written him
with reference to the matter, have
frequently done so before, and know
that he takes u lively interest in its
success. (uavo not yet received i
reply to my last.)
His confidential friend, Mr. Lee, on
the eve of his departure from Chicago
to the Mines, was required BY Mr..
Mccormick to ascertain its probabili-
ties of success, &c, in short, every
thing pertaining to the railroad, civ
ing assurances Of his cooperation.
! conceive that Mr. Mccormick
only requires to be fully informed as
to it's probabilities Of success and
resulting advantages, to secure his
hearty cooperation.
Very truly,
C. WRIGHT.
Dorn's Mines, &C., July 81, 1872.
". K. Blake, Esq, Of Greenwood,
was next called upon, and made a
strong appeal for the road, in his
usual forci5le and eloquent style. He
urged the Importance of the work,
and demonstrated its entire feasibility.
| Within two miles Of each side Of the
road, he said there were 10000 acres
of land, and let these landowners
subscribe only one-half Of their broad
acres, and we would have a subscrip-