The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1891-01-15
THE THREE C'S
Some Interesting Matter Concerning this
Much Talked About railroad.
Blacksbur@ News.

We reproduce the following from the
Manufacturers Record, and give it for
what it is worth: "Gen. John L. Will
der of Johnson City, Tcnn., who is il
terested in, many large enterprises III
Virginia, Tennessee and the two Caro-
linas on the route adopted by the
Three C's Railroad Company, is autho-
rity for the statement that within sixty
DAYS all the financial troubles of that
corporation vii! be arranged, and that
more men will be employed in its con-
struction than ever before. AS General
Wilder is always exceedingly y careful
TO make no statements except when
fully justified by facts within his per
sonal knowledge, this information
about the Three C's may be considered
reliable.'
A SENSATION ABOUT THE ROAD.
Special to News and Courier.
COLUME!A, Jan. 9.-Several capital
ists Interested in the Three C's Road
and its litigation came to Columbia
quite unexpectedly late tonight.
Among these are Col X. y. Johnson
and David B. Risley, who claims the
road. 1t was learned that the object Of
Mr.. itisicy's visit here Was to interest
stockholders of the road IN Il suit which
he proposes to bring against the Con-
struction Company, which has made
an assignment. 1t is said that Messrs
Melton d Melton and John Nlngate
have been retained as his attorneys.
1t is known that lie made a PROPOSE
tf
shaw, who represents 100000 worth of
the stock This gentleman however,
declined to be let iEto the arrangement.
From what Mr.. Risley said it will be
his object among other things to make
the Construction Company account Tor
all the securities drawn from the Bos-
ton Deposit and Safe Company. He
estimates that the l30 miles Of COLI
strucied road aud the ninety miles OF
simply graded road could only have
cost about 50, 5000 He also believes
that the Construction Company has
withdrawn S14, ,0OO,O coo worth of securl-
ties from the Deposit Company and
that the assets of the company should
show the difference, that is to say, about
Sll 5000
Mr.. Risley declined to give the exact
method by which he proposes to pro-
ceed. The proceedings will begin about
the 18th of January III the United
States Court. He also said that he had
already made all application for copy
of the assign Went schedule, which he
suppOses To he on file in the United
States Court at Charleston.
MORE ABOUT THIS SUIT.
TSpeci;.l to.News and Courier.
COLUMBIA, Jan. 10.-Mr. John Win
gate has in hand the preparation OF the
petitiOn to the Court in the great Three
Cs suit, which involves Sll ,00O,O ,OOOand
the particulars of which were pub
Iished in The News and Courier to-day.
4 great many people who read the
account to-day thought that there was
nothing in it. Mr.. Wingate, however,
and Messrs Melton u Melton think
differently, as the papers are III course
Of preparation. AS Col X. y. johnson
is here he was asked ifhe had anything
to say on the subject. He stated that
of the claims of Mr.. Risley and the
rapid daily transitions of ofrailroad affairs
as given in published rumors, and OF the
predictions and prophecies that have
been made, he knew nothing except as
he read them in papers. he Is hele' ne
said, on purely private business that
has no connection with railroad Dusl-
dess whatever.
SOUTH CAROLINA ROAD KNOWS MOTH
ING ABOUT THE COMBINE.
News and Courier, 10th.
The South Carolina Railway author
tiles do not seem to know how the re-
port that their road would assume the
management of the Three C's Road had
gained currency.
General Manager Ward was seen by
a reporter for the News and Courier,
and he said that he knew nothing of
the reported change. His visit to Co.
lumbia, lie explained, was on totally
different matter. The reported increase
in the mileage Of the South Carolina
Road WAS entirely new 10 him. What
might, however, happen hereafter
could not now he foretold.
The corporation counsel for the South
Carolina Railway, who ought, If such
auimportaut acquisition was intended,
to know something about the terms
and arrangements, said that he knew
nothing of the reported changes. The
subject, the thought, has never been
considered.
WANTS TO PAY IT'S DEBTS.
[Ntws and Courier, 10th.