The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1873-03-29
[conMuSIcATEp.J
The 80. Ca. Railroad.


the Charleston Daily Neus of the 11th
March, Of the Committee of tho Board
OF Directors of the s. y. r. II. Co., is
by no means satisfactory to the dissatis
fed Stockholders. 1t attempts to show
what the Road has earned, and how the
earnings have been applied-this is all
very well as far as it goes, and the in
vcstments no doubt were Judi cious
enough, Of which no one complains, but
We do complain that the Road is inju-
diciOusly aud most extravagantly man.
aged
There are too many high salaried
officers, to many bureaus, too many
supervisors and too much red tape for
an institution, which has paid no inte
rest for a period of seven years, al
though the receipts have been seven
millons of dollars during that time. In
auto bellum timas, we had one President,
one General Superintendent, one Audi.
tor, and few necessary books and pa
pers a: each depot on the Road. The
Stool ckholders then received regular and
rcnluuerative dividends, especially 30
under the administration of Mr.
John Caldwell Although when Mr.
Caldwell went into Office the Road was
in deplorablc condition, there was then
DO complaint about the management Of
tho Road. Under the present regime,
We have President, Vice President
Treaaurer, Auditor, Assistant Auditor
General Freight Ag' MT, General Ticket
Agent, LaDd Agent aud Travelling
Agents, with innumerable Bureaus, aud
any quantity Of Books ana Papers
enough in all candor to confuse auy
lawyer or expert accountant, and the
Stoetholdsrs<Sget nothing on their in
vestmsuts butSthe entire net e~ruings of
the Road is required to pay salaries #
the multiplicity of "ff ers, operative,
and travelling agents.
The Committee say: "There are no
Stockholders more deeply interested or
more earnestly dsairoua Of receiving
dividends than the Directors them.
selves"
We say if such are your real sen,i-
nsnts, and knowing as you as.urcd!y do,
that there is great dissatisfaction, both
entertained and expressed, BY many of
the Stockholders (and even outside
PartieS), with your management, why do
you not exhibit some nagnauinity and
independence Of character by resigning,
or declining to be re-ele sted, and request
the Stockholders in convention, without
any log rolling or clique, or the iufu-
snes of any particular ring, to nominate
and elect Board Of Directors in whom
they can repose more confidence. Why
should you assume to yourselves the
entire management and contro. Of an
entespriae which belongs alike to all Of
US. What justice is there in confnipg
that management (with but two or three
e1ceptionS) to the City of Charleston
We want lcompetent and skilfull officers
to manage the Road, who will give their
personal attention to the interest Of the
Stock holsers and who will he satisfied
with reasonable compensation at least
until the Stockholders receive some 70.
turn for their investment, or until the
business will justify more liberal rA.es.
We want fewer Of them at present be-
cause we believe that several incumbsnts
with their bureaus can very appropriate
ly be dispensed with. We want TO cur
tail the enormous amount annually OK
pended for books, stationary aud ptiut-
ing, and do away With the unnecessary
labor involved by such expenditure
We want a Board Of Directors who
will attend to these deductions, and
who shall be selected for their
businhss capacity, energy and dis.
cretiou, from all sections Of the country
and not confined to any one particular
locality. "And No respectfully urge
upon tho Stock holders the duty and
advantage Of punctuAl and general
attendance at the approaching Coevss
tion," to give their votes aud influence
to the accomplishment Of these ends.
ST. MATTHEW'S.