The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1889-07-31
THE CITY BY THE SEA.

LIE 3 LIE SEA.
Affairs Of the South Carolina Railway
The Watermelon Business-Death's
Doings, Etc.
CHARLESTON. 1ly 26--[Special to The
Register. The news published in The
REGISTER on Monday last, concerning
the proposed settlement of the financial
troubles of the South Carolina Railway,
is confirmed this morning by Major
Brawley, who has just returned from a
visit to the North, and who states that
there is every probability of a settle
ment. As stated in these dispatches the
plan is to call in and refund the first
mortgage per cent. bonds ($5, 900, ,0OO
in a new issue at per cent. The sec
ond mortgage bonds will be replaced by
preferred stock, and the income bond
and common stockholders will be as
sesSed to meet the expenses of the con-
soldation aud will be given preferred
stock for the cash paid in under the as
sessment. The company by this plan
expect to reduce the fixed charges which
stand against the road from about
$4O0, 900 to about $3.50, 900 per annum,
and they are confident that the prop
erty will pay this and leave a good an
nual surplus out of the earnings to pay
dividends on the stock. AS has been
stated in The REGISTER, the affairs of the
company have been thoroughly investl-
gated by railroad experts, who pro
nounce it paying concern, provided it
can be relieved of portion of its burden
of Indebtedness. Major Brawley thinks
there will be no difficulty in carrying
out the plan of settlement, and that the
company will be reorganized and be
ready to make a new departure by next
fall.
THE HEATED TERM.
The old City by the Sea is red hot.
There have been ''cloud-bursts" all
around here during the past week, but
never burst here. 1t is distressingly
hot and sultry, and even the old aud
time-honored Southwestern breeze seems
to have taken wings and departed to
Columbia or Summerville, or some other
inland sea. There is much suffering in
the thickly populated portions of the
city, although the mortality has not ap-
preciably increased On Sunday next
the first cheap excursion train to Colum-
bia will leave here and will probably
carry quite crowd of excursionists.
THE WATERMELON BUBBLE
seems to have bursted despite Colonel
Mike Browns Watermelon Trust To-
day an unusual thing was wltnessed-a
score of express wagons loaded with
forty-pound ''Kolb Gems" which they
offered at five cents each or six for
quarter. Of course watermelons have
been sold here before for five cents. but
they were from Pan Top, Edistc. The
fact is that the Northern markets arc
glutted and carload of melons does
not even sell for enough to pay the
freight --under- the old system the
melons were shipped and the freights
paid at the other end. If there was
elut or the market the railroads sold
the melons for the freight and stood the
loss. Under the new system the melon
shipper has to pay from s125 to $3.50 a
carload, and pay in advance: The
melons bring about 800 and the shipper
is out the odd $50. Altogether this is
not a good melon year.
DEATH OF HENRY CARD.
Capt. Henry Card, a prominent ship
broker and cotton merchant, died at
SummerYille this morning. Deceased
was "a years old and native of
Windsor, Nova Scotia. He came to
CharIestonin in 1869 in command of ship,
and settled here. He was one of the
leading shipping merchants of the port,
member of the Merchants Exchange
and Chamber of Commerce. He was
much respected for integrity of charac-
ter and public spirit.