The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1882-05-25
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GOOD RAILROAD NEWS
o A"sus'a and Knoxville RaiIroa,, sn,,
ScriDes S25, 900 to the Savannah, vot,a.

'eriDes $4,000 to the Savannah, v,,,a
On Tuesday of last week comm;,,oo
runsisling of Maj. b. +. Whitner and Gen
w. ". Humphreys, Directors. and %, r
NJ. Latimer, President of the Savannah
'aiiey :ailroad, and Capt. p. K. McCullv
oi the Anderson Board of Trade want -
augusta In the interest Of the Savannah,
.aiiey iSailroad. and upon arriving in that
c"S asked Tor conference with the Direc.
'ois Oh the Augusta aud Knoxville Rail.
,oau' AN informal meeting was accord
lng'y held At the Mayors Office ON wed,os-
DAY afternoon. The following accoun, =,
the meeting is condensed from the Aueusto
Chronicle: ''''
uen. L. II, Bradley, Vice President of tho
tnususta ana Knoxville Road, presided in
,i,o o ab;t aT;e' "e oi PRESIDENT Ferdery. He said
conside, alton the propriety of piy;np aid ,Io ~
tne savannah Valley Railroad. Efforts
|erc now making to change the course of
tue road from Augusta to Charleston
my. "hitner said they had thought that
aIe u,hc mad come when Augusta should
cA.enu c aid 10 their road. They had, there
au' onS @ oo,he - 10 the conclusion to come down
AS the Vice President OF the Aupnsta onI
knoxville had stated. efforts were now he.
inS mace to change the route OF the Sayan.
nan valley Railroad AS was known. the
eEi:!iPIr. obtained an amended charter,
Mn,cti gave them the right to change the
lou.e oy way of Trenton and Aiken. But
.r,,:L 1iut amendment had never been accepted.
ihis was very propitiuus time for Augusta
10 act. With even The moderate sum Of
SSo,WW, the grading of the road could be
completed, and with the grading once done
the building Of the road would be assured.
eiiteen miles of tue road had been graded
~ ~ cost of little over 500 per mile. In
ail, Soo.OoO would grade the entire road. II
was unnecessary to talk about the advanta.
aoont that. Whatever Augusta gave would
0e used on the end of the line at or near
Dorn's Mine. "e"'
Mr.. MAY said this was a very important
matter. He vas satisfied that If they re.
celIed any aid 1t must be from the Augusta
ana Knoxville Road, the Directors of which
were authorized to issue 500. 900 of second
mortgage bonds. He was prepared 10 vote
$2o0O0 or $50. 600 in bonds TO tile Savannah
Valiey, provided its Directors were prepared
10 give guarantee that no adverse connec-
tion would be made in future The Angus.
West '0 ''' ~ VIC
a committee was appointed to see what
arrangements could be made looking to q
subscription in bonds to the SAVANNAH
| Valley Road.
he:aarKs were made by the Directors of
the Augusta and Knoxville Road about the
Valley.
This called forth remarks from General
Humphreys. He said from Anderson TO
| Troy was 81 miles. and from Anderson TO
ynitn G,.a
with what money they Lud on hand and
due-S33; ;00O-they could complete the road
to Troy. but it would take time. Now, rs
business proposition, if Augusta comes
in and puts down her money, she should
90 1t OH the same basis rs the others. 1t is
safe. to say that, if the subscriptions arc
made and the road built to Dorn's Mines
there will be no difficulty about its coming
to Augusta. But they were not prepared
TO say that Augusta, for the subscription OF
$4,000, should have the absolute control
ut the road and lie did not believe their
Directors would ratfy any such arrange
ment. But they were prepared to give all
the proper guarantees. From $4,000 to
10000 bales Of cotton yearly would come
over the Savannah Valley to Augusta.
Mr.. May said that The $25o00 would be
but an entering wedge.
Capt. McCully. representing the Board Of
Trade of the city Of Anderson. said they
believed that the road could be shortened
lve miles by going to Troy. Now, they
were satisfied that Augusta would receive Il
great benefit by The road going to Dorn's
Mines; but. In his opinion, they would
need not only $4,000 from Augusta, but
$4,000. A number of citizens of Anderson
said to him that they wished it understood
that they were ready with their money,
provided Augusta put down the proper sut-
scrintion. Otherwise. they were not willing
to Give their money to build five miles Ol
road for the benefit of Augusta or any other
place.
The Vice President was instructed to call
u meeting of the Directors of the Augusa
and Knoxville Railroad for Saturday.
Tho Meeting on Saturday.
Pursuant 10 instructions, meeting of the
Directors was called for Saturday, and OH
that day assembled. Maj Whitner and
Col. Latimer. from the Savannah Valley
R, ad. we're present. The Chronicle gives
the following account of the meeting:
President Verdery called on Mr.. May TO
state the object of the meeting. Mr.. May
in response to this said it was for the pur-
pose of receiving the report Of the commit.
lee appointed Mt the last meeting, in regard
to granting MD TO the Savannah Valley
Railroad. The committee had conferred
| Win Tie ReIltlClncn ITOIli tlC
Valley Railroad. He did not believe that
those gentlemen had any authority mt pres
cnt 10 bind the roud, but he believed that
what they suggested would be carried out
In good faith. They promised to give the
Augusta and Knoxville representation on
their Board. and TO connect with the Au-
gusta and Knoxville Mt Dorn's Mines, thus
throwing all the trade Of the Savannah
Valley into the lap Of the Augusta and
Knoxville He believed that the time had
come to moke this subscription. The Sa-
vunnah Valley Railroad ran through a
very fertile sea;ion. He believed that the
Augusta and Knoxville had the right to
subscribe to the stock Of the Savannah
Valley. He believed that in twelve months
after the completion OF this road 1t would
not only pay the interest OIL its bonds, but
be remnnerntive to the stockholders. He
believed that the time would come when
some whale. some big railroad combination,
would swallow up all these little roads,
buying up all the bonds and all the stock
for what it cost, but in the meantime we
should do all in our power to develop these
small roads in order that Our section r y
reap the benefit.
MIR. Alexander said there was one thing
that suggested itself to his mimi. 1t would
be security for the Directors OF the Savaii.
nah Valley Railroad to decline to accept
the amendment 10 their charter which gives
them the rig.t 10 cross tue Au6uo.i n''
Knoxville Railroad at Troy, and to proceed
TO Edgelield, Trenton and Aiken.
DR.. Maxwell said that the section through
which tho Savannah Valley Railroad ran
was very fertile, and would be of great ben
eft to Augusta. He heartily approved O
the subscription of $4,000 to that road
He also thought it would be good thing
10 extend aid TO the amount OF ten OF
twelve Thousand dollars to the Greenwood
Iaureps and Spartanbnrg Railroad. 1t wa'
fully as important us The other. :,
Mr.. Riley agreed with DR.. Maxwell; H'
thought 6olh appropriations should o'
made