The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1883-05-17
annual Meeting OF the stockb,,,o-.
'he savannah Valley X. n, Conn,n,.

Hhhuai Meeting OF the stockb,,.,a.
savannah Valley X. II. Corpp.nv
me Convention of Stockbo,Jers ., ~,
,A'a"nah Valley Railroad convened -,
m '" '''e>'iiie on Wednesday, the OH ;,.,
az Vi The Stock being represented .,oo,,
o'f shares. The townships wer. r..,rI,.
u! ueiegates a. usual to the eytent -,
"''"'i"eo taxes, and the individuals L,r,
"s '"ares were represented either in r.r.
~ ~" Or oy proxy to the amour, ;ndicat..,
"e convention was organized with ca,
- w. Norris Is President and Jol, !,
'!eazeale' Esq, as Secretary.
'"i ). Nj. 1.atimer. the ,etiriur ,r,,;
uent, submitted the following report 81
'he last years work
~ p ,Mg n'yckhofd'm cf Ms !nnnnoh ruu.,
nnHr"ad Compnny: "''S
| bESTLEMEN-Go will ,o,,,
"ien we met one wear aro tb. wn-l ~
E!'uihS The Savannah Valley Ruiironj hal
| "'eii Suspended for want Of funds
! "A snort While before the said u,ra,;r, ,i
~; ,h:; ol Ahderson had subscribed So, ,CNs) In
,le enterprise, but it was necessary IN nh'
,i itSlsiation before it could br mai,
,;,n L''anie, which legislation WAS obtained
IsI Gilr
Oh $1,000 be realized BY the Companv from,
some other source, 'o''i
AZ: eiioit mas Deen made 10 raise the al
n,';"nai amount along the line of the road
1, a''u elsewhere. And although that amount
mas not YET been raised the Bourd of Di.
iee.ors are not without hope that the neces.
oaiS amount will be raised this s;umm.-
ana the grating Of the road resi-. med
Immediately after the adjournment of
.ne 'ohvention last year the Board of III.
,.'.1fs appointed committee of their
NUMBER To go To Augusta aud to solicit aid
ana subscription OF $!5.OVO was mad. bv
me Augusta and Knoxville Railroad Com.
pany. oo'ii-
ABOUT the same time most of the tnxpay.
,i, H WHO NAG Deen resisting the payment OF
Tue railroad tax Withdrew their opposition
aud paid their iases, amounting 70 some
e'Enl or ten thousand dollars, which. taken
Nun the prospect Of the early payment of
the S2o,Wo by the Augusta and Knoxville
nair"au Company, caused the Board of
directors to feel authorized to contract for
the grading of the unfinished part of tile
;oa". consequently the contract of grad
ing this unfinished part Of the road was
awarded To Maj. A. +. Twirgs ON the Isl
day OF June last, the Board, however, re.
serving the right to suspend work at anr
Time .or want OF funds, after first giving
"ileen days notice to the said con:i ,ctor.
Ihis the Board was compelled to do
sometime last November, in consequence
ol the failure to realize either the subscrip.
tion from the city Of Anderson or from tie
~. Il X. X. Co.
herewith subx,t repur, from the En-
Elheer OF the Company. which shows that
"oTk has been done on 81 ines of the road,
anu tile grading Of 30 miles completed.
leaving Is miles yet To be graded.
The report of the Treasurer is also sub
united, which shows the financial condi. |
lion of the Company.
On the lst day Of June last, W. B. Wat
son, one of your Directors, resigned in or.
aer That the Board might supply the va
cahcy thus created by electng some gentle |
man from the city of Augusta, and the
non. Robt II. May, of that city, was elect
Ell. the Board thinking that Augusta was
entitled to Director in consequence or the |
interest manifested in our enterprise in SO, |
curing the subscription from the A. & X.
r. r. Co.
Inc Board expresses the hope that your
action to-day will give q new impetus to
our enterprise, and that the completion of |
the road, which will be Of 10 great benefit
10 the communities through which it will
lass. Will not be much longer deferred.
Respectfully submitted,
JAS. NJ. LArIMER.
President 5. Y. X. X. Co.
The Treasurer, w. S. Lgon, submitted
his report. Of which the following is a re.
capitulation OF the amounts received and
pail ont:
KEtEIP ms.
From Borlcau township 1881 10
From Abbeville townships. ........ 1882 81
From City of Anderson. ............ II, ,S33 81
From Anderson townships ....... 1855 Us
From aii other sources. ..:...."".... l.779 %