Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1874-09-18
Southern Maryland Railroad.
We copy the following from the s.
Marv's Baaraq Of last week:

We copy the following from the s..
Mary's Blaraq of last week:
\ correspondent, writing privately to the
Editors of the BygrOa under recent date. makes
inquiry as TO the financial status OF the south
ern Maryland Railroad. its presen; aims and
prospects. and the progress, If any, which the
work Is now making in our county. We rc-re;
our inability to give specific ans wers TO these
inquiries. Whatever our correspondent NAV
think To the contrary, we have never been in
the confidence OF the managers Of the Southern
MARYLAND Railroad. and We know no more II
the actual condition and designs OF this cO-po-
ration than our correspondent himself ~ ne
seems however. anxious 10 learn the latest
from the front, We cmbody for his benefit the
current talk in public circles on some OF the
points covered 10y his inquiries, promising, that
we have no present means Of verifying whether
this talk is well or ili-Erouutrd. 1t is
stated. that there is now only one contractor
engaged in work upon the road and that he J.
working not more than half a dozen carts
md men. 1t alleged, that this ''make-bt-
Ueye" cndeayor Of the company is inspired b9
he desire OF keeping upon the windy side a.
the law until the franchise and property q.
the road can be sold An entire suspension OF
work thereon operating as a forfeiture of the
charter The financial status of the CORPORA
of its creditors. now being taken in Washing
ton, to throw the company into insolvency un-
der the bankrupt laws of the United States
Its liabilities are set down in the rough a,
$500 600. 1t Is stated. however that they Do
not exceed at the outside $40 600. and it is al
legged, that the first named amount has been
trumped up and magnifed for a purpose W hich
we here refrain from naming. II is further
stated that assets enough are in somebody :
hands or ought to be, TO pay off all honest
debts of the company and leave handsome
surplus in the Treasury. Certain it Is if the
liabilities of the company even approximate
the first named sum, there has been prodigious
amount of-of--well, of msmanagemcnt-in
some quarter or other But our correspondent
lema ndS-''w hat become of our money -
''Gonei we fear, where the woodbine
twineth' bat gone certainty without any rea-
sonable hope of reclamation. Writing from
imperfect information, our correspondents
does the Senior Editor Of the Beacon an injus-
tice As between the Point Lookout and the
Southern Maryland companies, thinking the
latter offered the best prospect of building a
railroad through our country, he favored the
donation to it of our railroad fund, but Meth
er by word, written or spoken, did he ever
sanction or approve the action of our country
authorities in voting this fund to the Southern
Maryland company in the unguarded and I'M
qualified manner in which they dbl vote it, On
the contrary, the position of the writer from
the beginning was and 50 continued to the
end, that not a dollar Of this fund should be
used outside of our county limits nor dollar
of it touched until an equivalent in work was
rendered for it. Whatever the ''verdancy''
and ''vagaries' of the writer, if his counsel
had been followed in this matter, we should
not now be grieying over ''spit milk, la
mentng that our railroad fund is gone, and
storming because we have little or nothing to
show for it.
Per CONTRA we have the following statemcn:
by the Washington correspondence of the Bal
tmore Sun Of the 9th inst, which gives US
a more cheering prospect for the completion of
the Road:
The creditors Of the Southern Maryland Rail
road met at the rooms of the Board of Trade
this morning, Frank Hume in the chair and III.
Branning secretary. Hon. Daniel Clarke, ad-
dressing the meeting, said that this meeting
was not, as some had supposed, meeting call
ed adverse to the interests of the road. 1t was
held in no spirit of antagonisln, and the only