The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1873-03-18
rHE soUrH CAROLINA RAILROAD.
A Columbia Wow OF the Recent Ch'
Lar OF the Directors 10 the
holders.

holders.
from the Columbia Phoenix
We reproduce, In another place; the elISu,
lar 10 which We have alluosu, so. va, oarnsa dn'
will here fnd what the road mas earneu ou-
RING the Iast five years, and how II mas osen
spent. and can deduce for themselves salls-
tac,orv solntion OF the dividend question.
This address. signed by The responsible names
of @. A. Treuholm, II. Gourdin, u. W. WILL
llams, A. Simonds and L. D. DeSaussnre, on
ihe part of the directors, has been called 1orth
In order 10 vlndicats their administration OF
the affairs OF The company, aud to exhibit The
embarrassments which they have been com
pelled 10 meet and overcome. We nave read IL
with attention. It strikes us as emlnently
candid, full and satisfactory. 1t reveals q state
OF things perhaps little suspected oy those
who lock on at distance, and VINO, wnlle ln-
formed of earnings In the gross. are proue 10
overlook the practical difficulties made Tor tne
administration by the raVages of war, Ine
accumulation of interest, the lmpatlence OF
creditors, and the necessity of settling some
claims and arranging for time on otners; ~
shoys what has been done with Inc earnings
OF Vie road since the close OF the war, ana
carries with it internal evidence OF good ]udg-
ment and wise lOreLhough In the purposes 10
which they have been applied. Stocknolders,
who will consider the matter carefully, mnst
conclude that their interests have oeen wen
cared for and managed with prudence. Iney
cannot fail TO perceive that payment Oh oiVl-
deDds, during the period covered oy the state
ments and explanations OF the letter, was
simply impossible. Creditors had 10 De quiet
ed, the debt kept down, and the value OF
shares protected.
The present condition OF the affairs OF the
road is such az, In all probability, 10 JUSTLY q
declaration of dividends for The year 1872.
Its prospects of success In the future appear
10 be bright and encouraging. We trust tnat
they may be realized. The Northwest Is
looking snxIously to the southeastern Auan-
tic seaports for outlets and as points OF COM
munIcalion with the great marts Of Europe.
The people of that section IN ther habits, leel.
ings, products and interests, are our natural
aliles. They fought in the late war against US
to maintain this connection, which, now tnaG
we have peace, they are ready to urge Tor
ward by peaceful means. In late NUMBER Oh
the Missouri (St. Louls) Republican COM
plant Is made of the inadequacy of Trans
portsllon 10 The Southeastern States
during the present winter. The RENE
dv suggested is either reinforcement OF
the Southern roads with sufficient rolling
stock, or the establishment and control OF u
line in the interests OF st. Louis, extending
far into the Southeastern States. Charleston
is In their eye, and no place IL 30 suitable as o
terminus. And Charlie sion has duty ln the
premises 1t Is worthy the ambition OF Der
business men 10 take up the great enterprise
OF effectlng the connections of the South Car-
olna Railroad-one Of the oldest railways In
ihs world-with Knoxville, Louisville, st.
Louis, Cincinnati, and even Chicago, which
were the golden, and not unsuostantial,
Visions OF Hayne, Conner, Frost, King and
Caldwell, OF those who have ceased from
work, and shared by Trenholm, GUurdih and
others yet livlBg and active amongst us.