The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-08-05
THE BLUE RIDGE SUIT.
Tacttcs Of Corbin-Efort TO
Throw the Road into Bankrup'''-
The Tidinss from North Carohha'
,u-,, oopppspsNpENT.l

TrRoN OUR OWN CORRESPONDENCE
COLUMBIA, S. c., August D.
The case of John NJ. Mackay VS.. tne blue
Ridge Railroad Company has been postpoheu
on account of the amendments to the COM
plaint made by Mr. Corbin. or should ratner
say the postponement was first made d. ''.0
request of the defendants; but the amenu-
ments will probably lengthen the time Oh po'''
ponement, as The defendants must De allo"eu'
if they desire it, twenty days In Wnlca u nie
their additional answer to the amehoea coih-
plant. Mr.. Corbins amendments are no'
such as his remarks before the Judge Ut tne
time he requested leave to make them leu
persons TO expect. There are no new a'leea-
tions of fraud on the part of the officials OF the
road which were promised; nor do the amend
ments seem intended In the least for the Dene-
Moi the stockholders. ,o,,uo
On the contrary, Mr.. Corbln seems to desire
to throw the road into bankruptcy, ID WHICH
event the stockholders must lose everyeniag, ~
or very nearly so 1t Is very difhcnlt TO see
how the interests OF the City OF Charleston
are to be conserved by putting the ROAD INTO
bankruptcy. and thus destroying Inc sCoGh Vi
which Charleston Owls million dollars. THIS,
however, is a matter which the people ana
city authorities of Charleston can DesL aelel-
mine. .r
The private stockholders here are very
wroih. and saw that Corbin is acting 10 the In.
terests, not of the City Of Charleston, ott Oh
Kimpton, D. NJ Porter and one or TWO 9Laer s.
holders OF the bonds of the road 10 Ne" oLh. l,
These parties, 1t Is said, own maJorlty VI M .ne
bonds of the road, and desire 10 put IL on sie
market that they may purchase IL ior nnl. aine,
and own it entire. leaving tne presen1 p OF oSyy M
holders in the cold Here Is copy Oh Mr;
Corbin's amendment, which, upon Inc lace OF
it, urquestionably has hsny look'
sr,TE OF SOUTH CAROLINA, COUNTY OF RICH
LASD-CouRT OF COMMON PLEAS.
John NJ. Mackay vs. tho Blue RIGge hali-
road Company: Pursuant to leave Oh Lle
court. here for this purpose, first bad and 90,
tained, the complaint In the ABOVE enLitlea
cause Is hereby amended, Gs follows:
Section is amended so as 10 reao as 49, du.t r.
lows: "That only asmall portion Of the road OF
said company has been constructed, 10 VIII,
about fifty miles, and the company WAS, untl
assisted by the State, as hereinafter NEIL
TONED. wholly insolvent; and now, notWltn-
standing the said assistance, IN consequence
of the matters and things hereinafter mel
toned against the officers OF said company, Is,
as this deponent is Informed ana 9eneVes'
wholly insolvent, having an outstanding m
debtedness of upwards Of one million OF ool.
lars, and, on the other hand, Is possessed OF
property and assets of all kinds and de-
scriptions, not exceeding In value tnree nun
dred thousand dollars"
and the fifth section of The prayer OF SAID
complaint is amended as follows: At the end
of said section add the following Woros: anu
paw and discharge, so far as the property ana
assels will do 30, the lawful debts OF the COM
pany." u. =; CoKbis,
The news from North Carolina is received
with intense enjoyment and satisfaction oy
The good people here. It is the first piece OF
real cheering good news that we have had
since the war, aud the hearts of our despond-
ing people are much uplif!ed: The Radicals acaI
ment continues 10 show such rapid growth,
you may look ont ior many Radicals 10 whirl
over in the next few weeks. Several are
already spoken of as showing tendency that
way. among them the most prominent colored
politicians In this city. There Is nothing new
here la State politics Moses seems 10 nave
the best chance for the Gnbernatorlal noml-
nation on the 2lst. QUI VIyE.