The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-04-22

esteemed for his personal traits.
L s.THE COLUMBIA OANA1-MEET1Na OF
COMMITTEE OF CrTIzRNs. The Union
furnishes the following summary of a
meeting OF committee tof citizens, on
Saturday evening:
ga meeting OF the committee of citi-
aens to confer with Senator Sprague was
held in DR.. Neagle's Office. DR.. Neagle,
tha Chairman, and Mr. II. ,O'Neale. il. I.
Secretary, were present, besides large
number of the business men of the city
The object was to receive the report of
the subcommittee appointed to wait on
Senator Sprague and learn the terms on
which he would sell the canal and his
property in connection therewith., Dr..
Neagle reported that Senator Sprague
refused to unite with the citizens in D
Joint stock company for the development
OF the water power and tho building of
mills, but would sell to company Of
citizens, it they would take, all his pro
perty, including his real estate, the old
K'nsler brick yard. the house Colonel
Pearce lives in and the new city water
works. He placed his price at $500. 900.
The committee had taken pains to asoSr.
tain the purchase value of the real estate,
which. by adding ten per cent. per m
mum for FIVE years, amounted to about
$88. 600. The water works were claimed
to have cost $40, 900, making the total
valuation, independent OF the canal and
water privilege, $128, 900. The commit
tee had not attempted to eatimate the
amount OF work expended on the canal.
This might carry the valuation up to
$500. 900, and might not reach over
$4,000 In answer to q question, the
committee said that Senator Sprague did
not inform them as to the time that
would be allowed to make payment, but
assured them that the terms would be
made easy. The report was very fully
discussed by those present, most OF the
gentlemen expressing their views Some
claimed that the offer should be accept
cd, others considering it altogether too
high. It was, however, unanimously ad.
mitted that the whole project was in too
crude state to pass any resolution, or
take any formal action on the subject
"Colonel Low was requested to give
his opinion in regard to the canal and
the building OF the dam, which. he being
al accredited engineer, was listened to
with much attention. He was of the
opinion that the only place to build q
dam was just above DR.. Neagle's bridge.
That the cost Of the dam, with landings,
dood-gates, etc., would not fall short OF
$lO0, 600. He gave that as his opinion
merely, as he could not judge with any
great degree Of certainty, without maxi
ing survey and estimates. The meet.
ing then, by vote, requested Colonel
Low to procure what data he could, and
make as close an estimate as possible in
a few days.
Mr. Greenfield, from the sub.oommit.
tee appointed to visit the water power on
the Saluda River, below Messrs. job nson
& Palmer's mills, reported that visit to
that place had shown that the water
privilege was not superior one. The
utmost fall was only about ten feet, and
the opportunities for building O canal
were very poor. The Saluda River at
the point visited was 1900 or 1900 feet
wide. The report, On motion, was Fe.
oeived as information, and the committee
discharged"
Commenting on the matter, the Union
very pointedly says:
'As has been heretofore stated, Se-
nator Sprague utterly refuses to enter
into any joint stock arrangement with
tho citizens for the purpose of develop.