The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1888-04-18
c., G. G. B. G. RY.
Resolutions of the Executive Conn
miitec in the Matter of Township
UnNcS..-NO ROaI---No Pay.

The executive committee of the Carolina,
Cumberland Gap ana Chicago failwaF, nlc'
ut Grccnville on the l2th instant. 1t was pro-
posed to have Il meeting of The directors. Dnt
important business engagements prevented
two of the board from attending" !here
were present, Col. Bowen, President, JuuSc
Cothran, Col. K. W. Haddon and pr. ii. l..
Epting. ana,
The matter of greatest Importance for con.
sidrration. was extending the construction 4i
the road from F.dgcticId TO Ahherille, L. ii.
Rcports from the construction Of the Aiken
Edgeficld Division, show that the contractor
Geo. Potts, is making satisfactory progress.
The extension of the road in the direction
OF NhhGvie is fXSd iae,i y 'e hsTY IoWSn,i anJ
TO test this matter the following resolution
was adopted:
RcSoivcd That the secretary be instructed
TO prepare and circul late ut once. petitions 70
the County Commissioners of Abheviile
county, asking for an election In Abbcville,
Indian Hill, Cedar Springs and Long cane
townships llpOn the question OF subscription
or no subscription. to the capital stock Of the
Carolina, Cumberland Gap and Chicago Kali
way Company, of amounts equal 10 fife per
cent of the assessed va he for taxation, or
property in the townships named, payable In
live equal annual instruments. The first IN
stalment TO be due and collectable, at the first
collection of State and county taxes, next al
ter the said railroad shall have been conStruc-
ted, and the cars running, through said town.
ships respectively; and so on annually until
the five inStamcnts are paid.
As a guarantee OF good faith. the Executive
Committee adopted the following resolution ::
Resolved, That the Executive Committee
pledge themselves that the subscriptions TO
bc voted, uudcr the above resolution, shall
not be used until the conditions thereof have
uecn fully complied with.
In view of certain complications in the mat
ter Of township bonds, 1t was deemed most
eXpedent that that the subscriptions by
townships be made in money. rather than IN
bonds. The petitions will he circulated at an
early day. but the election will not he order,
I'd, until after the Supreme Court have passed
in review. the decision Of Judge Norton In
matter OF the Ninety-SiX township bonds
There Is very little doubt among the mem
hers of the bar, but that this decision will be
reversed on appeal, and then the election Will
be ordered.
The advantage Of having money subscrip-
ton, is that the money will be collected with
other taxes, and when paid, there will be no
debt everlastngly clogging the county. The
road will add ut least thirty-fiVc miles OF rail-
road to the taxable property Of the county
This al $4,000 per mile will increase the prop
erty available for taxation $3.50 QUO. Nearly
one-half of all tho taxable property in Able
willie township. At 10 mills there Will oe add
ed to the amount OF taxes collected in the
county, $3.50 per annum, to continue pract!-
cally forever To this add the increased val
nc of property along the line of the road, the
building up OF new towns and the improve.
ment Of existing villages. AS business In
strument irrespective Of the pressing de.
mands for increased railroad facilities, 1t Will
paw. II. p. e.