The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1873-08-27
TER US-fS LDEANCtR
Thc Soulhen Security Compuny.

1oadere vi tho Reporter, and yct
there ID nothing that 'thdy really
know less about. Who compose it,
where it h@d its bcginning, what
llimit'i' any, there is to its chartered
Powers, all arc matters Of which we
rro profoundly ignorant. What the
character and soopo Of this Yankee
concern is VIC gather from a card of
Colonel William johnson published
recently in connection with tho >,ou.
troversy over the Statcsv;lo Rail
rohd. Tho extracts arc as follows
"The Southern Security Company
I. foreign corporation, grown in the
fungus hotbed whence sprung the
Ctedlt Mobelier-has acquired in the
last few years great notoriety for
swallowing up the railroads built BY
others, whether largo or small, ami
ior gratifying its avarioious appetite
by the most secret and .5oyuitical
me"na. Having absorbed the North
Carolina Railrohd by lease, and tho
charlotte, Columbia and Augusta
Railroad by secret purchase of
majority of it's stock, owning tho Air
Lioe Hond, and, as rumor says, al
rondy having soourod the control of
tho road to Wilmington, in its yet
incomplete state - thus owning q:
monopoly Of tho railroad transporta-
zion in this section of the Stute-and
fearing that when their increased
rates Of charges for goods and pauscn-
:gers shall be felt hereafter by an in.
.oensod and outraged people, tho little
'otatesv'lle road, ;poipting to and on
tho way to Danvillc, will invite com
petition and afford relief from op-
.RroSsivo monopoly this ever vigilant
Security Company, taking timo by
tho forolock, has determined now, bo.
fore their plans arc seen and their
burdens fully folt, TO set their snarcs
TOT it and secure it too, before it is
half grown. Yes, the snare has been
sot for two years past bnt up to this
time, it is still tho property of the
orignal owners and builders, aud
with reasonable caro- and vigilance
will remai n 30. The utmost caution
must bo observed, for this Security
Company over keeps itself in the
background, nevor divulges it's plans,
and oven when most ardontly desiring
your property, speaks derisivcly of it.
at the same moment, it has its sccrot
agents, artlul and cunning men, who,
assuming the patriot citizens garb as
H'Sgu'So, arc ever active by word
ana argument to int!uono" tho action
OF the owners to such au end as will
lead to their destruction. Jesuit
''ko, they are your warp est friends,
cvon hating Josuits, and arc advising
you solely for your own good and are
only making suggestions from the
Tnrest and kindcst motivcs, nni only
Tor your own aoeUure. Many arc de-
ceivod and thus induced to walk de.
liberated y into tho trap 70 ounningly
act for them. Any means arc legiti-
mato with thesc doccivers, who laugh
ut their gamo when their end III at-
tanned.
This Southern Security COMPANY,
1t should be remembered, is oompos.
Cd OF Foreigners, having no indomni.
ty OF interest with ourselves. Thoy
arc intent mon their own gains ro.
gardless Of tho wants Of our people,
and aim to run tho roads built Will.
tho capital OF other people so!oly for
themselves. 1t is not conceivable
that these foreigners SO love us that
thoy seek to get possession of our
properties for orr welfare and gain 1!
They propose 10 get tho title to those
valuable railways, at tho lowest
prlecs' If they got possession of
railway, but cannot get tho titlo Of
tho stockholders, their settled policy
seems to bo to run down tho road,
diminish its income, impair its use
fulness, destroys it's value as an in
vestment, overload it with debt, 50
that they can buy out tho stockholders
at thoir own rates.
This surely portrays about as black
and urprincipled "A concern as cvon
Yankee ingenuity could dovise.
We said fortnight ago that there
Was no ono person more responsible
for tho foot-ho.d the Southern Secu.
rity has in this section of tho
country than Colonel William john.
ston: Our statement was based upon
the fact that Colonel Johnston, as
trustee for certain gentlemen associa.
ted with him, sold to j. i. Neagle,
tho agent Of the Southern SECURITY
Company, the thirty-threo hundred
shares Of the stock Of tho Charlotte,
Columbia and Augusta Railroad
that had been bought by hin from
Mr.. W. G. Courtney Receiver of the
Bank of tho State vi South Carolina /;
that this salo plasod tho Southern
Security Company in possession of
one.eighh Of tho entire capital stock |
Of the Charlotte, Columbia and Au.
gusta Railroad and that it oonstitu.
ted in itself tho best argument that
could be used with other stockhold.
ers to, induce them to SELL ott .hoir
anterest in tho road. NVo, OF course,
havo always supposed that Colonel