The Abbeville messenger. (Abbeville, S.C.) 1884-1887, 1885-04-29

Company has duly executed its first
mortgage or trust deed to the Farmers
Loan and Trust Company Of New York,
AZ trustee, dnd also executed and de-
Hvered tn tho said trustee its first
mortgage bonds bearing six per cent.
interest to the extent and for an amount
equal I" twenty-five thousand dollars
per mile Of railway to he constructed,
and track thereon lnid, which first mort
gage or trust deed and the bonds there
under to bear date. the tirht day Of De-
cember. a.. y. 1882"
Commenting upon this the Press
and Banner says 'the public will
understand that the Farmers Loan
ard Trust Company hold the Bonds in
trust for the construction Company I'M
der which Mr.. SchofclI il acting"
We don't believe in the face Of General
Hasood's assertion to the contrary That
tho public will believe any such thing.
In truth not n bond has been issued, not
II even printed, much less delivered
to the Farmers Loan and Trust Co,npa-
ny. When this mortgage was executed
it was thought that Mr.. Schoticld had
perfected his arrangements to obtain tho
money necessary for the work. In Or
der to facilitate him, and not delay him
these words were inserted in the mort
gage as though the bonds were issued.
But al matter Of fact they never have
been issued, and cannot BE- issued till
the condition precedent to their being
issued il complied with, to wit, that Mr..
Schofield succeed in obtaining II sum Of
money sufficient to build tho whole limo
Of road through to Kentucky. Doubt
less all Of our readers have seen in dceds
and mortgages the words, "and in on
sideration OF the further sum Of three
dollars to mo it, hand paid. the receipt
ghreas is hereby achmowlcdqed,'' &c.
Yet tho three dollars is never paid.
Judge Iothran and Mr.. Parker sustain
Gen. Hagood's statement that the bonds
have not bscn issued and will not DO
issued unless Mr.. Schotield complies
with the terms of the contract.
But it is not necessary to pursue this
subject further. We have given enough
Of the article Of the Press and Banne,
to show the aaimus Of that paper, and
the manner in which it has treated Gen.
Ha6ood's letter. That gcntleman's char
scter stands too high in the public csti-
nation to need defense against the in
situations and disbelief of the Press
and Banner. 1t were a work of super
erogstien to defcnd the General's. repa-
tstion for veracity. No man that knows
him will dare to doubt it. We are
amazed that anyone Cal. be so carried
away by partisaa feeling, and the per-
sonal desire not to be defeated even in
. bad Cause, us to be blinded to consid-
erations Of public good, and public en-
tcrpriss.
As We ~havcysaid We had hoped this
style of diseussion was ut an end.
Thinking that Gen. Hagood's letter
you'd meet all the objections of the
AediWm and Press and Hammer, we
last week wrote a pacific article holding
out the olive branch with the confident
expectation that our contemporaries
would meet us half way in the spirit
that prompted conduct. But they
preferred to keep up the fra all along
the line. Be it &C.
.: a. Lay on Macdulf
Aud damned be he that first cries hold,
enough"
II necessary We must issue another
extra, and drop into poetry again, and 20
through the whole stury Of Cock Robin.
to convince our frieads Of tho error Of
their ways.
If the Medium will keep cool" and
the Press and Banner will not ascribs
TO US sinister motives" we will invoke
the aid Of our muse to the discussion of
this perplexing problem.