The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1884-05-22

temperance. Her visit will long be re-
membered, and wherever she goes sbe
Will carry the prayers of our people for her
success She left Anderson Tuesday
morning hr Honea Path, where she In.
tended organizing Union that night.
SAVANNAH VALLEY RAILROAD.
Ahe Annual Meeting OF tho Stockholders
| as LoWndesvilie, 8. q.
| me annual Convention OF the Stock.
| noiders OF the Savannah Valley Railroad
Company was held at Isowndesyille on
Wednesday, l4th inst.
Dr. s. NJ. Orr was elected President of
the Convention, and J. e. Breazeale SEQ
| rotary.
credentials were called for and dele
gates from the townships and cities which
had subscribed were enrolled. Some
stockholders were also present. A large
majority OF the stock was represented.
On motion of f. B. Murray, tho tenn.
porary officers of the Convention were
elected the permanent officers.
The President submitted his report,
which Is as follows: cE
To the &ockholders of the Savannah pallev
Ra'.road Company:
GENTLEMEN At the time OF or last
meeting the condition Of our Roai was
one OF embarrassment and doubt. The
available subscriptions had been expen-
ded and the work Of construction sus-
pended. The present Bosft1. immediate.
" upon assuming the direction Of affair.
addressed itself earnestly to the effort OF
raising the sum Of $25 900 by private sub
scrinaon. the aceomplishn1ept of,which
$25O0O subscription from the City of
Anderson. which latter was coupled with
condition that @ like sum should be
realized before 1t could be available. To
this end an active canvass 0ae made for
subscriptions along the line Of Road and
elsewhere, but failed to realize the amount
required, when Legislative aid was sought
and obtained removing the conditions
from the City of Anderaon's subscription
and rendered it Immediately available,
and authorizing ceI tain Townships in
Anderson and Abbeyille Counties TO mako
additional subscriptions by taxation to
the capital stock of the Road.
Pursuant thereto, tho Townships OF
Abbeville have subscribed the sum Of
$50, 900, and petitions are being circula.
ted in the Townships Of Anderson Coun-
ty asking the submission. of the queation
OF subscription to vote of the qualified
electors Of said Townships. The amount
chips aggregates the sum OF $4,000. I
have every reason to believe that when q
vote is reached in these Townships, the
result Will be favorable to the subscrip-
ton. HS JN
The Injunction suit instituted by few
taxpayers of Anderson County was de-
cided on circuit in favor of the company,
and has been heard on appeal in the
Supreme Court that Court has ordered it
10 be reargued on the validity of the Act
OF Assembly, denying the remedy by
Injunction, and we have every reason to
hope for favorable issue. The amount
The subscription Of s25, 900 by the A. &
X. to our Road has not been paid; the
resolution authorizing the subscription
required the same to be raised from the
proceeds Of sale of second Mortgage
hbnds OF that Road in the hands OF the
company. This was not practicable in the
then condition of the company. as the
bonds had but small market value. Since
our last meeting tho Augusta and Knox
vile Il. Il: has passed Into the hands OF
the Port Royal & Augusta r. r., the
latter being part Of the Georgia Central
system. This establishes the future of that
Road upon firm basis and commands
the contideIlea OF s:ss psople IN its con-
After suspension of more than year,
tho work of grading our Road was re-
sumed on, the 18th or last month by Mai.
Twigss, the contractor, with q force OF
over one hundred hands, and Is progress-
Ing satisfactorily, and az there were some
Lowndesville, the Board thought it adlvi-
sable to join up and complete this work,
which it Is estimated can be done IN two
months, and will give us section Of
twenty-five continuous miles of compile.
ted work besides the ten miles completed
north of Little River.
Maj. Thos. 3. Lee, our former Chief
Engineer, is in charge of the Columbia
Canal and could not give that entire
attention to our Road which its necsssi-
ties required, In severing our connection
with Maj. Lee, the Board take great pleas
ure In bearing testimony to his great in
dustry, fidelity and ability.
Col. Charles =. Dwight has been elect
cd Chief Engineer Of the Road, and has
taken charge with Asr. Mitchslt g, ..!s
assistant, both OF whom were highly
recommended in their respective spheres,
and SO iar have given entire satisfaction.
The Board Of Directors have accepted
the city Bonds OF Anderson, s25, 900 iGsre,
In payment of the subscription OF thns
amount to the capital stock of our COM
pany.
The Bonds have been printed, are now
being signed up by the City authorities,
and will soon be ready for delivery to the
company. The time not being propitious,
owing to the scarcity of money, to sell
those Bonds. and believing them to be q
first class security. the Board have re-
solved not to offer thom for sale until
Fall, and have In the meantimes arranged
to effect loan of amount needed upon q
pledge Of the bonds as security.
The financial condition of tho COMPANY
Is fully explained and set forth in the
Report OF w, 8. Iigon, Treasurer, which
is herewith submitted
+ y ~ / ! w. w. HuMpHaEYs,s
President.
The Ereasgter Tread bis report, which,
included three exhibits, as follows .; :
On hand at the time oe tha1hst. (
COLLECTED from n. r, Tribble, -.
County Treasurer ............... 225 90
Collected from : j, W. Perrin,
County Treasurer ...a ..........:; 75O 90
Cash in Anderson National Bank $500 90
- - "a ~ .sr.. i.EFaNF ---.-
Total........ ".."............."..$3.76 .765 90
Disbursements. ......"..... ............ l,602 o.
Balance on hand. So, 1853 SO
q, The Eeporta we're referred to the follow
ing loommitteess Presidents Report-E.
B. Murray, j. w. Norris, Thos. sherard,
n u