The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1873-04-05


The company has to pay out large
sums OF money in the way of law suits
and counsel fees. much of which could
be avoided by settling any jus. claim
that is presented. i know Of one case
which could have been settled for $40.
but it was dragged through the -everal
courts until it cost $3.50. All these
incidental expenses, which must amouut
to grea. deal, are charged to current
expenses, aud the stockholders do not
Sno" how their money goes.
When Mr. w. E. johnson, President
Of the Columbia and Augusta Road un
dsrtook to finish that road, the s. q
Road pitched right into him by oom-
moncing law suit to prevent him from
running his road to Augusta. Mr..
johnson was more than a match for
them, aud went triumphautly into Au.
gusta.
This little affair only cost the s.
g., Il. r., the snug little SUN o.
seventy thousand dollars, ESQ 1 am
imformed) and perhaps more. rhe
stock of the Columbia aud Augusta
ltoad at that timo wa, Sc per share,
with this $4,000, tho 8. g., X. r i.
could have purchased IL ,666 shares
of her stock, and would now have con
troll OF the Road This would have
teea master stroke, by those who had
1t in their power to do So | am cred
IDLY Informed, shat storkhnlders who
are known to be opposed tc the Ring,
have on application at the office been
refused pamphlets, which contain tn.
names of all stockholders. Why is this
arbitrary course pursued, when tho vory
Stockholders have to pay for tho print
lug OF these pamphlets
Should the stockholders be able to
effect change, aud have a new Board
Of Directors, &C., &c, matters can cer.
tainly be no woise th,n they are now =,
when the stock is down to S24, (par
1859, they may grow much better, and i,
is their great hops that such will bs the
case
The Western and Atlautic RR.
l3S miles in length, is owned 5y H. c
State of Georgia, it is now leased to
Company at the late If fifty thousand
dollars per north. The stock of the
Nashville and thttno.ga II. r., WIS
down to 38 (par 1907, Since Mr. +.
W. Cole is President of the Roal, it
has gone pt' -. The Georgia r. II.
stock is ?S lpar iOO), and pays gooa
dividend
Tho :. c r. H., has earned sven
million Of dollars, ju seven years. n d
| witt proper management might have
e,rncd several millions n, re. 1t docs
a1..ear that the present adm nis,ra,ioa
his been fairly tried, aud fo.iad want
ing, aud change is n-cessary. Th
stuck holders should elect the bes, talent
Tsh"y canH dnd ia tho -Uoanty, Ikha WI b,
able to manage the Read, in such n
manner as will result 10 the sati,r,cti, n
Of The stockho,d Men of skill an d
capacity, should bo employed in ali
branches, to much favor has baan
shown to p,rsic, who have N, clai n to
capacity, or amy thing nlos. There
often Influence, at work to procure
lucrative positions for p,rties VIII, d.
not deserve H.
Nsw Mr.. Editor, this County repre-.
sents a very largo number Of shares
you have opened your colu.rns of your
paper to speak for US, when al, other
papers have refused US acoe.s, we look
to you as our champion, and the
OrAngeburs stockholders will be ever
greatful to you.
There will be meeting OF the Stock.
holders OF this County, on Saturday 5th
Of April, at l2 NJ, at Elliott Hall.
BELLYILLE.
March 3fst 1873.