Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1875-05-20

increased rate of five dollars per ton for the iron,
delivered at the works, which would have adaed,
for freight, two dollars more. They also requlreu
county bonds and mortgage OH the road as COL
lateral security.
In this connection it is proper for me to state
that recently, in York and Chester, meetings OF
citizens imposed Of prominent business men ana
capitalists, favorable to your enterprise nave peen
held with view Of suggesting some practlcaple
plan whereby we would be enabled at once, ana
on the most favorable terms, to procure the neces-
sary means to complete the road to Dallas anu tne
scheme recommended by them Is hereWlth sup
mtted for the consideration OF the stockholders.
While the scheme does not meet with the unqu
ifed sanction and approval of your board OF Di-
rectors, they have agreed to lay IL pefore you or
such action as you may deem bestand most aoVls-
able.
am pleased and gratified to see that our people
manifest so great an interest in this very impor-
tant enterprise-an interest giving unmistakable
assurance that the work must and WHt be sue
cess-and I, in common with the Board OF Direct
ors, ask for their suggestions in this behal1, your
careful and candid consideration, feeling assured
that your action will fully meet all the exigences
of our condition, and at the same time be entire
ly satisfactory to all the friends Of the road. II,
however, the scheme referred to IS not, In all re-
spects satisfactory to you, it IS TO oe hopeo tna1
the stockholders, at their present annual meeting,
will devise some plan whereby the road, Will
without delay, be put in running order to Dallas,
and also, for it's speedy completion and successful
operation tlrOuSnOuC lLS oullTe lelBth' 1ou! ii'
terests as stockholders and the interests Of the
public alike, demand this. To othissubject, there
fore, I earnestly invite your most careful atten-
ton.
The subscription made by the county Of Cald-
well, is also a matter TO which should call your
attention. As there was some question as to the
legality of the vote by which it was carried the
commissioners did not feel at liberty TO nave IL
reported by them to the Company without an or.
der of the Judge of the Circuit Court. 10 eifect
tl,;, E,ro q DreSented
Judge Mitchell, who granted the order. upon
this, an appeal was taken to the Supreme Court OF
the State of North Carolina BY the decision OF that
ed. and the election declared void This will pre-
vent the pushing forward Of the work there as
rapidly as it is desirable to do; out nope some
means may be devised by the citizens OF Caldwell
to carry on the work which they began IN eoou
faith and earnest purpose.
In Catawba county there has as yet been no ad-
ditional subscription reported 10 tne company.
The citizens of Newton procured an act OF the
Legislature authorizing them to take Vote OF
the citizens of the incorporation for subscription
of $4,000 to the capital stock OF the company.
The Doll was held and carried as appears from the
newspaper then published at Newton; but no re-
port or return of it has been made to the ofhcers
of the Company.
At the last session of the Legislature OF North
Carolina, a bill was passed amending the charter
of this road by authorizing the location 10 DC maze
direct from Lincolnton to Lenoir, leaving outline
points mentlOneQ IN LnC uFSL CudIL Will Pto-
vision that if the citizens Of Catawba should, by
the time the graduation of the road reaches the
limits of their county from either direction, have
made up subscription Of $50, ,OO0-such as would
be acceptable, of course, to the Railroad Compa-
ny-in which event the points named in the first
charter to be retained. Whether any steps have
been or are being taken by the citizens of Catawba
to raise this amount, have not been informed.
The citizens also of the township OF lIlncolnton
procured an act authorizing them to take vote
of the township for subscription of$l5, QUO; they
have not vet received certified copy of the act,
and consequently have not as yet ordered the poll
to be held. This subscription, if authorized, will
be in lieu of the individual subscription hereto
fore made Should it fail, these subscriptions re-
main good.
The reports Of the Chief Engineer, the Superln-
tentlent and the Treasurer, are herewith submit
ted, and your attention is especially invited TO
them for more specific information in their res
pectve departments.
The officers agents and employees have very
generally rendered to the Company faithful and
efficient services in their respective positions, and
are commended to the favorable consideration OF
the stockholders.
Respectfully submitted: .,
A. II. DAVEGA, President
The Treasurer's report was next submitted
and read as follows: