The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1882-05-25

building of said Savannah Valley P,;lr.,,
~ vi near McCormick's and bryond-cc,,' >,
"ec.ioh ,h 70 be made with this road n, ~ =,
IN. IN, anu not with any other road. The
ot'sions M OF this resolution to be embodied
~ we FINANCE Committee of this road in
lhe form OF contract between the An@,,.,n u" ~
alu hhoKville Railroad and the SaynHnoh
Valley Railroad. ''' '''a'a'tau
haJor Whitner hoped that the subscrin-
.ioh would be made absolute. as ali other
sIrTioscii iPtiohs, aud not by the loan of bonds
fe, Ie not authorized To make q loan
ra5 in,9 suoscription was made. he was salts.
,,n IN tiiat the question of any other route
.han by Dorn's Mines would he forever
nua,,iuoned; .,d But the subscription could be
.-Jopted. ''o'e pe'hg
General Stoyall said the committee in
tp;ui,uh9 the matter in the form of a loan.
;,,, u 81 ~ remove oil doubts as to the legal.
'y ~ making direct subscription.
DIT. May believed it was perfectly lepa,
70 make direct subscription. mud he was
way. ie"u mat
Mr.. Alexander moved that the resolution
gested ''' ''e"9 e"e
President Verdery suggested that the sub.
soiiPuon DC made absolute aud conditional
upon time being given 10 sell the bonds
recess of ten minutes was taken i'm or.
uer 10 permit the committee to change the
| RS Dlution. vac
he committee amended the resolution as
Htso.:fd, That the President he and is
hereby authorized and instructed TO sub.
scrioe TO the capital stock of the Savannah
Valley Railroad. twenty.fiv thousand dol.
'ars OF the proceeds of the sale Of the sec
.2 1hu mortgage bonds TO be issued; Provided.
hat said subscription shall be expended
unner the direction of the management of
tnis road IN the building of said Savannah
'hiley liailroad, at or near Mccormick and
oeyohu, connection to be made with this
ROAD at or near that point and not with any
other road. The provisions of this resol,i.
ti tion shall be embodied by the Finance
COMMITTEE III the form of contract, to be
entered INTO between this road and the Sa-
Vannai Valley Railroad. Adopted.
Dr. Maxwell offered resolution similar
20 mat offered by the committee, sulscrib-
ing Ten thousand dollars to the stock of the
GREENWOOD. Laureus and Spartanburg Rail.
road in lieu Of all other subscriptions, and
tue money TO be expended within the linn
It's OF A0beville county. between Green
wood and the Saluda River. The rcsolu-
'i2n m, was unanimously adopted.
lhe meeting was very harmonious, and
tilere was not disscntient voice TO the nc.
ton ~
Tie Augusta Chonicie and Consntutionu'i,s
makes the following editorial comments on
the action of the Board of Directors:
The meeting of Directors of the Augusta
ana Knoxville Railroad, Yesterday. was
most important in its bearing upon the
newly projected railroads in the upper
IaroilDa. The subscription of twenty We
thousand dollars, to complete the grading
oil the road from McCormick's to Anderson.
and OF ten thousand, to aid in the grading
OF the Greenwood. Laurens and Spartan
oirg were liberal outlays from a company
which has but recently completed its line
10 Greenwood. But these subscriptions
were eminently wise. 1t is not so much the
amounts expended as the policy empha-
sized, which constituted the significance of
our DIRECTOR meeting. With the Savannah
valley Railroad and the Spartanburg ex.
tension working in harmony with the Au-
gnsta and Knoxville the commercial posi-
biiitles Of this city and of this road, within
the next few years, are great. Nor is this
al. II Is well known that the survey of
the Greenvile and Laurens Railroad has
Just been comp letcd. aud that the Directors
will meet in GreenvilIe on the 23d inst 1t
is not improbable that this branch NAV be
consolidated with the Augusta and Knox
vile system, thus adding an invaluable
feeder 10 the projected system of railroads
radlating from Augusta and triangulatinp
the country OF upper South Carolina. Tll>
prospects of these enterprises are brilliant,
anu Augusta must see the necessity of
kkeeping, ut all hazards, the Augusta and
Knoxville Railroad within her own con-
troll The victory is already ours, if we
will maintain our ground aud improve our
opportunities