Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1873-04-10
THE NARROW GAUGE RAILROAD.

In another column will be found the pro-
ceedings of the meeting of the stockholders Of
the Chester and Lenoir Narrow Gauge Rail-
road Company held at this place on Saturday
last Whatever doubts we might previously
have entertained as to the possibility Of build
ing this road, they were all dispelled on Sat.
urday last by witnessing the unanimity and
earnestness of purpose that animated the
stockholders in this their first convention.
The question whether the road could be built,
was never asked. 1t was assumed as fixed
fact that it would be built, and the only ques-
ton was as to how to 60 about it in such a
way as to secure its earliest completion.
As will be seen from the report of the pro-
ceedings resolution was passed instructing
the President and Directors to open negotia-
tions at once with the President and Direc.
tors of the Carolina Narrow Gauge Railroad
with view to the consolidation Of the two
roads. In pursuance of this resolution, and
in accordance with the authority conferred
upon him by the charters of the two roads, of
both of which he is President, Mr.. Davega
has called conventions of the stockholders of
both the Carolina Narrow Gauge and Of the
Chester and Lenoir Narrow Gauge to meet at
Hickory, North Carolina, on the 7th day of
May next. At that time we have no doubt
that terms of consolidation can very easily be
arranged and the two corporations merged in.
to one. This being accomplished surveyors
will be put upon the route Immediately, and
contracts for grading given out as soon as the
line of the road is definitely established.
AS will be seen in our advertising columns,
the County Commissioners have ordered an
election to be held by the people Of this coun-
ty on Thursday the 23d instant, to determine
whether the county of Chester shall subscribe
one hundred thousand dollars to the capital
stock of the Chester and Lenoir Narrow Gauge
Railroad Company. Under the terms of the
charter we have no doubt that it was perfect
" competent for the Board of County Com
missioners to have made the subscription with
out referring the question to the people. We
think, however, that their course in submit
ting it the decision Of the people is right and
commendable, and will meet with the hearty
approval of all the good people of the county.
That the subscription will be ordered by an
overwhelming vote Of the people we do not
for a moment doubt. We have yet to meet
the first voter who is opposed to it. The I'M
mediate benefits that would follow from the
construction of this road are so apparent, and
the addition to our taxes that would result
from the issue of bonds to meet the subscrip-
ton is so small, that we are at loss to con-
ceive of any argument that could be urged in
opposition to the county subscription. The
interest on the bonds would not exceed seven
thousand dollars per annum. To meet this
amount tax of one mill and half on the
present assessed value of the property of the
county would be ample sufficient. By the
time the bonds fall due the capital stock
of the road, if the anticipations of its promo
ters are realized, will be commanding such
price as will enable the county to meet its in
debtedness without making any sacrifice, or
without laying any additional tax upon the
people.
As to the eminent fitness of the newly elec-
ed President for the responsible position to
which he has been chosen, it is not necessary
for us to speak. Suffice it to say that all the
energy and ENTHUSIASM of President Davegas
nature are concentrated upon this his pet
scheme and if unitiring zeal and unaagging
devotion to the work can win success he will
ed.-Chester Reporter.