The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1873-03-29
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The 90. Ga. Railroad.


Of Directors of the 3. y. r. r. Co., is
by no means satisfactory to the dissatis-
fed Stockholders. It attempts to show
what the Road has earned, and how the
earnings have been applied-this is all
very we'll rs far as it goes, and the in
vestmsnts no doubt were judioious
enough, of which no one complains, but
Ne do complain that tho Road is inju-
diciously and most extravagantly man.
aged
There are too many high salaried
officers, to many bureaus, too many
supervisors and too much red tapo for
an institution, which has paid no inte-
rest for a period Of seven years, al
though the receipts have been seven
millions of dollars duriag that time. In
auto bellum times, we had one President,
one General Superintendent, one Audi
tor, and fswnecessary books and pa
pers a. each depot on: the Road. The
Stockholders then received regular and
rcnnuuerative dividends, especially so
under the administration of Mr..
John Caldwell. Although when MIR.
Caldwell went into Office the Road was
in a deplorable condition, there Was then
no complaint about the management of
tho Road. Under the present regime,
We have President, Vice President,
Treasurer, Auditor, .Asaistant-, Auditor,
General Freight Ag"nt, General Ticket
Agent, LRpd Agent aud Travelling
Agents, with innumerable Bureaus, aud
any qu6nti.y< Of Books aud Papers
enough in stl eaaaacr to confuse auy
lawyer or expert accountant, aud the
stockholasrs.Sget nothing on their in
vessufsnts butSthe entire net ssrpings of
shs Road is required to pay salaries 'f
the multiplicity of uff> >sro, operatives
and travelling agents,
The Committee say: "There ave no
Stockholders more deeply interested or
more earnestly daairous Of receiving
dividends than the Directors them.
selves"
We say if such arc your real senti-
n,snts, and knowing as you assured!y do,
that there is great dissat tlsiaction, both
entsrtsined and expressed, by many of
the Stockholders (and even outside
parties), with your management, why do
you not exhibit some magrauimity and
independence Of character by resigning,
or declining to be re.elested, and request
the Stockholders in convention, without
any log rolling or clique, or the iufu-
ones OF any particular ring, to nominate
aud elect a Board Of Directors in whom,
they can repOse more confidence. Why
should you assume to yourselves the
entire Management end contro, of an
enterprise which belongs alike to all Of
us. What justice is there in confning
that management with but two or three
eEceptionS) to the City of Charleston
We want Icompetent and skilfull officers
to manage the Road, who will give their
personal attention to the interest Of the
Stock holsers; and who will be satisfied
with a removable compensation at least
until the Stockholders receive some re-
turn for their Investment. or until the
business will justify more liberal rates.
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 waat 10 cn-
tail the enormous amount annually sx
pended for books, stationary and priut-
ing, and do away With the unnecessary
labor involved by such expenditure,
We want Board Of Directors who
will attend to these deductions, and
who shall be selected for their
business capacity, energy and dis
oretion, from ell sections Of the country
and not coufnsd to. any one particular
locality. "And We respectfully urge
upon the Stock holders the duty and
advantage of q punctuAl and general
attendance at the approaching Cosvsn-
tion," to give their votes aud influence
to the accomplishment of these ends.
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