The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1875-09-10

those pGy. fNrucrS wGuil come and take some of
my land and pay such rcnt--S7.5O per acre -
have no more news--.your last issue will do me
until it comes again-if you will still send it t.
me on tick. Yours, &C.
FARMER.
Tho Spartanburg and Ashevllle Railroad.
We give below synopsis Of the proceeuin IS
of the annual meeting Of The Stockholders and
Directors of the East Tennessee, Virginia and
Georgia Railroad Company, held at Knoxville
on tho 1st inst.
1t will lie seen that the new President sf the
=. and A. Il. r., Maj nuucan, vas there look
ing after the interests Of his road, and that he
received great encouragement from that Com
pany. Mr.. Duncan further informs MS that he
had assurance from n responsible and reliable
party connected with the L. I. v and q. X. R..
that when the $. and \. road is ready to Law
down the iron, that article should be forthcoming.
One feature Of the resolution Of the Directors,
must impress the people Of Charleston with con-
fJenae in the desire Of the people ali along the
! line to make that city the great Ocean outlet
from the West. IS, that they speak of the s. and
A. route rs the ShoStea and cheapest route 10
Charleston No other point on The seaboard is
! alluded to- and We believe no other point will
be thought Of umless Charleston fo"lishly gives
our route the cold shoulder.
The report OF tho President w,is rea,J and, on
"S@GE 9H Gus%aSa SaS'iiF iFe IL cleo
tion of Board OF Directors
Mr.. j. Mouroe Meek odar-A the following
resolution
Rssolced, Thai lhe lncor-,ing directors he
qnestcd TO declare i'idend to toe stockhoid-
ers at the earliest day consist ent with good faith
and the financial ability Of The Company.
The resolution was cPrriel.
On motion it was or1ered that the usual mum
bcr Of copies Of the report be printed.
| The Chairman introduced Mr.. u. II. Duncan,
| President of the SpaTtanburg and Ashevillc
| Railroad Mr. Duncan said the road he repre-
sented needed no Introduction here as it had its
| birth 80 years ago. At the meeting in 1886
| the route by which they intended to connect
Knoxville and Charleston vas the same that
! presented now, and no good reason had since
! tr"''Dri~ed why it should not continue TO be tho
route. Since the war the building of The road
| had been revived. and that by people with
scarcely dollar OF money for The work.
| considerable private subscription was secured
and surveyors were put in the field, and the
road was located. BY report of the engineer
| II was found thai $4,000 will complete the
grading between Spartanburg and Asheville,
and he considers It n very reasonable estimate.
! One tunnel OF one hundred and sixty five feet is
all that viii be needed in the tunnel line Only
! $4,000 TO complete the grading of this con-
nection VIII The people of South Carolina,
North Carolina and Tennessee stand back and
not take hold of such an enterprise? What
would be the result? There is not thing
raised IN this country that is not needed aud
will find ready sale in South Carolina They
had given out q portion of tho work, and il has
been completed. The resolutions passed by the
meeting OF stockholders Of the East Tennessee
| Virginia and Georgia r. r. encouraged them
very much, and several of the Counties sub
soribed 100000, and one County $3.50, ,0o0.---
There is needed n subscription Of 1880, 900 to
reach the Henderson County line, which thoy
must reach before they can make the III endcrson
County subscription available.
lie also gave some facts and figures as to the
present prospects Of the enterprise, which we
lind embodied in tho report Of the former Pres
'dent Of that road, Mr. C. q. Memminger, read
NJ Tic stockholders meeting, August 18th, 1876,
handed to as by Mr. Duncan. The facts are az
follows:
more, ccounmcal plan Of construction, too,
has been devised, and the esti mates herewith
submitted show that the remainder of the road,
as far as Swannanoa Junction. can be construc-
ted at seven hundred and ten thousand dollars
(S'l0,OOO); thus making reduction in the
whole OF about two hundred thousand dollars
(S3oo,ooO) on the figures of last years estimate
On Inc other band, our means, instead Of be-
ing diminished by the railroad catastrophcs in
other sections of the country and by the amount
increased The people in South Carolina having
been fuily awakened TO the necessity of tleing
the work themselves, have come mp most nobIy
TO our aid. Union County has subscribed one
hundred and fifty (S150,0OO) and Spartanburg
one hundred thousand (S10O ,O00j and If 10
these he added the subscription Of Henderson
and Buncombo Counties in North Carolina of
enc hundred thousand dollars (Sl00 ,OOO) each,
and the amount of good private subscriptions,
af'er paying existing contracts, (say S50, 0,OOO,)
we nave remaining assets to the amount Of FIVE 4
hundred thoasand dollars $500, ,OO0} to- carry
on the work The result Awhile last year we
undertook work to cost ne6aly one million
dollars Isl ,0o0) with nsseis arisoantino to I
one hundred and twenty eight Thousand dollars
tSiZo,ooD this year we fnd ourselves supplied
with i've hundred thousand dollars 1880, ,oOO)
10 accomplish work to cost only seven hundred
ana ten thousand dollars (S7l0. .OOO).
Mr. Duncan in The course Of his remarks.
sa'I that IN speaking Of this route, the Language
OF Gov lobt. Y. Hayne Is Ms true to-day as
when spoken, IN sI8Se4T. He said .It can
not De doubted that there is no route by which
railroad eau be carsied acsoss the Blue Ridge
a. cost for construction aDything like equal 20
'hn OF the route which passes along the valley