The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1883-03-29
THE SAVANNAH VALLEY RAILROAD.

! scriptiUns 10 the capital stock Of the
| road, in order 10 make the twenty. five
thousand dollars voted by the city Of
anderson available. is, by the terms
. Of the validating act, necessary to raise
I in cash twenty five thousand dJllars from
other sources before the city Of Anderson
can issue bonds to raise the amount she
proposes to subscribe The present prlr.
pose Of the direction is To hold mas
meetings along the line, where the people
will De addressed 10y able speakers, To-
stir them up 10 the Importance Of max
ing private subscriptions 10 insure the
building Of the road At tho meeting Of
the stockholders la-, May, Mr. T.. b.
Murray, supported by part Of the rep.
rrsentative. from Anderson, believing
| that additional funds would be necessary
TO place the road in condition where it
could be mortgagch to complete it,,
offered n resolution directing the Board
| Of Directors 10 receive competitive bids
| from the several lines surveyed, and To-
| locate the road upon the line which
would be ultimately cheapest and best
for the company. The object Of this res
o'ution WAS To open up bidding1 between
the Dorn's Nine and the Troy routes,
| which would certainly induce an inter,
est on the part Of Augusta, and perhaps
Of Charleston. |, was also expected to
81,
! increase Of distance and expense pay
| somcthlng TO the extra burden their ac.
commmlation is to place upon the road
as, for instance, reaching the iEcOrpura.
ted limits %: !.ow;ilrs,ilic !cngtlicns the
line so:n. ,'.v m.ilcs. :.nI adds heavily -
the cost Of construction. 1t WAS then
understood that Augusta would give
twenty. five thousand dollars, and Mr..
.IcCcrmick ten thousand dollars, max
ing in all thirty.iive thou and dollars to
secure the location Of the road To McCor.
mick's instead OF Troy. The passage of
those resolutions were expected to sec ure
ample funds from competing interests to
have easily graded the road, after which
it could have been bonded and rapidly
completed These resolutions were, we
believe. owing To misconceptions of their
purpose, voted down by Il large majority.
Shortly after the me eting committee
of the Directors went to Augusta to
solicit aid, and secured the promise of a
subscription OF twenty five thousand dol.
lars from the Augusta and Knoxville
Railroad, to bc derived from tie sale oi
second mortgage bonds of that road
Upon the faith of this subscription the
authorities Of the Savannah Valley Rail.
road went to work with moneys collected
from Anderson and Ahbevillc Counties
and did considerable amount of work
on Che lower portion Of the road, which
was intended To assure the location of thu
rond to McCormicks Since this wori
has been done it has transpircd that tn,
subscription Of the Augusta & Knoxvill,
Railrond is worthless, that road ben,
unable to pay the interest on it's frs
mortgage debt, and Mr.. Mccormick
believing he has found n set o
gentlemen who are determined to i'm
prove his property without cost to him
has also declined making subscription
Augusta, feeling no uneasincss rs 81 til,
loss of the location mt McCormick's, ha
not been induced to make any furthe
effort to help in building this road, bu
IS giving all Of her efforts towards tn,
construction Of the road to Elberton
1t appears, therefore, that the presen
purpose of the Directors to hold loca
meetings is the best chance left them t,
remedy the mistake they have commit
ted, and We trust these meetings will b,
largely attended, and result in handsom,
subscriptions to the railroad. 1t viii
benefit every point along its line, ant
aud will save thousands of dollars ever,
year, after it is bnilt, to the farmers WHIT
live within reach of its stations. All O
them can, therefore, afford to subscrib,
something towards the completion of til,
road. If we can get twenty five thou
sand dollars from other sources, tn
twenty. five thousand dollars from Ander
son will be forthcoming, giving the roat
fifty thousand dollars additional capital
With this, and good financial manage
ment in negotiating loans, the road ma,
yet be completed in time to move tn
next cotton crop. TO do this, however
the capital stock Of the first twenty .fiy
thousand dollars must be raised imme
, diately. We, therefore, trust the ap
pointed meetings will be largely attend
ed and successful in their result. Thos
who are present will have the pleasure @
hearing several able aud interestin
, speeches Oil behalf of the road w
learn that Gen. Humphreys, John
Breazeale, Esq, and Maj. b. +. Viii,
> ner have been invited from Anderson
and that there will be several other
, from Abbeville. Considering the impo,
tance of these meetings, every man i
the respective townships can we'll aff5r
to give n day in attending them.
McLanc certifies to tn good characte
Of DR.. Durham. Who will be ras