The Abbeville messenger. (Abbeville, S.C.) 1884-1887, 1885-03-11

complete the road across the mountains. |
The subscriptions by the people along
the line will not be turned over to the
Il. II. until the train has reached the place
which subscribes. If for instance
Ahbevillc should issue $4,000 Of bonds
those bonds would be placed in some
bank in escrow, that is that they were
not to be turned over to the II. II. until
the train of cars had reached Abbevillc
town. This seems reasonable and fair.
After the disclosure of this plan by Mr..
Schoti"l!, Governor l~lug"o,i presiding,
framed the following questions tn be
answered by each delegation, in order
that our position in the conference might
be distinctly understood and that there
might he no confusion
/. Will your constituents agree to Il
subscription of 5 per cent. upon the
taxable property IN your locality
This question WAS answered in the az
iirmativc ythc delegates from I'ickrns,
f:aSlcy, Bolton, Due West, Ahhrvillr,
Troy, Edselicld, Aiken. Trenton and
N~iliianston.
.. Will ;hcy take in exchange for
their subscription one half in common
stock Of the Company. and the other
,lf in Ind Mortgage or is they arc cali
c;i income bonds
Ibis question WAS unanimously an
severed in Tie affirmative.
3. Will they do this on condition tina,
The proceeds Of their bonds or SuhScrip-
lions be not delivered to the Il. r. Co.,
until the train reaches the respective To-
%calitirS :?
When this question was put, Mr.. \. j..
Norris, o! Edgctirld, said, inc Thought we
should not saddle the subscriptions with
any such proviso. That the whole sub
scrirtion should be placed in II common
pool and be expended in the best inter-
cSts of the road as dictated by the Pres
idcnt and directors, beginning Of coarse
1T Aiken.
Mr.. Il. y. Child. of pickcns. said, that
he houglLl4t- -rFoviso vas cxarti-
trgirt. That the people Of his section
did not propose TO ~IurniSl, money and
have it expended for the benefit Of Al
ken or Eh-"ticid, and particularly
ongl.: VIC to adopt it as it Was proposed
by Mir. Schoiicid. ana! could not interfere
with the ncgotiab;lity Of the bonds.
Mr.. Norris replied, lat what we
wanted was un;t"u ri.rr;. anh 20 romcau-
t:atr all our cin"is immediately on liz"
lower end Of tie i,Ec. T:#; ~" sad
ding Of Sucl. l~:ovi,o, wuu;l seriously
discourage Charleston.
&Ir. II. i. Thomson thought ;l:,t the
proviso shoul,l .c adopted. Mir. Grown,
Of Bcl.ni, WAS Of the same opinion.
Mr.. Brown is the son OF the late DR..
Brown, o: Bolton, who had such au in
tcrcst in the road.
hIr. J.. ". White stated that the
meeting at Abb willie WAS a NEST cnthu-
~Siastic one, at which he hal the honor Of
submitting the resolutions as - the 3
per cent, which example hal been fol-
loved by nearly ri! the town; along the
line. He was Of the opinion that the
desire Of his constituents. was that the
money subscribed 10y Albcville should
he expended within the borders Of that
county and was in favor OF the rIoviso.
Mr.. Schoiicld stated that the object
OF the management OF the road was to
get the $5OO.tkO from Charleston; that
in order tn do this it was necessary to
got the = per cent. Subscription all along
the line that the taking Of $5OO.NOD OF
bonds by Charleston was prcdicatcd by
the prompt response ai along the line
Cha, icston would require ;hiS SubScrlp-
ton us a guaranty for her investment
That the subscription along the liuc
would be nsed by the directors in build.
ing the road where the subscription had
been made and that this would be sup.
plcmcn'eI with the pro rata oi the 500.
UN subscribed by Charleston.
MIR. bradley wanted to know VIVA,
would be done in case C!:xr!eston1cF1s.
eli 10 help. This was postponed for fur
Their cOnsidcration-nut crossing the
bridge till VIC got to it.
at tic request al Governor IIarooi
Mr.. i. Cochran, Of Abhcvillc, then Of
Tered The following resolutions which
were adopted
RcSo'red. That it * ti.c unanimous
opinion of this meeting,
That our constituents, WHO are tho
citizens Of every municipality alon. tn,
South Carolina division will subscribe $
per cent upon the assessed valuation OF
its property, real and personal. in aid OF
the c. G. Il. y &. +. r., rrccivrnvi in pav
ment therefor. one-half If the subscrip.
ton III income bonds and onc-hair IN
stock Of the Railway company. They
arc also Of tli" opinion that the town.
ships along the line will generally re.
sPOnd in same way.
Mr.. Cotlran also offered the follow.
ing amendment
HcS0iced, That it is the opinion OF
this meeting that the voting of this sub.
scription by the people will be more
readily done if it should be IL condition
of the subscription Of each municipal.
ty and township that it be payable only
ON the completion Of the line within its
limits.
Adopted without discussion.
MIR. Brown, Of Bolton, wanted to know
Of Mr.. Scholicld whether there was aly
more confidence to be placed in his
present promises and expectations than
IN those of two years ago.
Mr.. Schoiield was Il little surprised at
this request and went on to explain what
he had done Iii the last two years. He
said that he went to England having no
thing to work upon but the naked fran
cllisc Of the road, before anything worth
speaking Of had bccn done, and owing to
the ~sininkagc in American securities he
was unable to move a wheel. He said
that while he had failed to make any ar