The people's journal. (Pickens, S.C.) 1891-1903, 1895-12-05
ADVERTISING RATES.
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THURSDAY, DEC. s, 1896.


Pursuant to notice some of tho
stockholders of the Easley and
Pickens railroad met Saturday IN
the office of tho Clerk of the
Court. The JOURNAL representa-
tive was not present at the open
,ng of the meeting and cannot
say whether it was opened with
prayer or not, anyhow President j.
E. Boggs had the floor and was
talking out in meeting. Aftor max
ing substantially the same propo-
sition which was recently publish
ed in the county papers, he went
on to elucidate it in very calm
and confident manner. He said
among other things that an i'm
pression was out that there was
some speculation in Wow in re-
gard to his proposition. He dis
claimed any knowledge or inten-
tion to that effect, but that he was
ont 81 100 in money for hotel bill,
railroad fares, etc., in making
trips for tho railroad company and
other business.
He spoke clearly and elaborate
1y about the proposed bond of in
demnity, to DO signed by citizens
addrensod oome time ago in his
open letter through tho county
press and admitted the improba-
billty OF an effort TO stay by in
junction the Issue Of the township
bonds, 40 heavy bond would
be neoeauaHy in such o oaue, and
tho township bonds would have to
be issued il tho railroad WAS built
according to contract. He said that
no could not afford TO take tho
risk, which WIS the contingency
of lawsuit on tho Issue Of the
bonds.
He eeid thaS J. ID. Boggs and J
IT.. Grandy were tho surviving
members Of tho railroad construc
ton company. Thas the construc
$ion company was in possession o
the fres mortgage bonds on tht
railroad, amounting to $4,000
which he'd been in the possession
Of Mr.. Loekhar6, and that it tool
$4,000 90 clear up the Burkhalte1
claim. The $4,000 mortgage bono
will cost tho railroad company
$4,000 and not cent outside O.
shat was necessary.
He explained that all mot and
cancelled the original contract it'll
Mr.. Burkhalter and authorized the
firsb mortgage bonds, that Mr.
Burkhalter then owned q majority
of the stock, having $50 shares
He said that he would turn over
tho S63, 1000 in first mortgage bonds
for $4,000 in township bonds
Whether that was dono or not, he
would continue to work for the
completion of the railroad. He
stated that he had had most care.
isnl estimates of tho expenses and
income from operating the road,
md the largest put the expenses
1T $4,000 per annum andthe income
Ut $4,000, making clear profit to
tho operators OF $4,000 year.
The object of the meeting was
10 get signers to the bond of of
Indemnity. That when the mon
~ was due and it had to come it
would be ruinous to him amp if, in
hat event tho issue of bonds was
delayed, unless he was protected
" the bond.
In answer to G. e. Robinson's
question, he said the construction
ompany would get the profits Of
'perating the railroad, but could
lot better afford to take the risk of
ho contingency of a lawsuit, than
"ltizens interested in tho building
f the railroad.
He said he was willing, in case
jhe signers had to pay anything,
20 turn the road over to them and |
iat them own it. He said he was
Easy anyway. So nothing being
aone, the meeting adjourned sine
Aie.
~-aaat9- . ~sss.A-s-.------
John 2. McCrary shot and in
stantlly killed William Turner, a
deputy marshal, at Walhalla, on
A. a s. d