The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1899-03-22
The Black Diamond Railrond.

Mcssrs. j. J.. Tribblc and l.. *. Me
Gully. who attended Il mcetin., of the
promoters of the Black Diamond Rail
turned home last Friday. and report
the meeting Il most successful and en-
thusiastic one. There were over thirty
nicn iii the meeting from five States.
The Cincinnati Enquirer of the 18th
inst, contained the following account
of the meeting:
"Thr much talked-of and l0ng-pro-
.,ectcd Black Diamond Railroad APP
pears to have reached eliminating
point in the important meeting held nj
the Grand Hotel yesterday of the Di-
rectors of the different corporations in
the several States through which the
system is cOntcmplated. The purpose
OF the meeting WAS to raise the balance
OF funds required to pay the prrlinila
London. England. which includes he
lithOgraphing and registering of he
bonds, preferred stock, common stock,
as soon as the legal fOrnl:llitics have
been complied with and the transfer
of charters to the British syndicate.
Both these objects were obtained hy
the meeting yesterday, and the Sln,O0U
required was put up i'll cash and every
thing agreed to that was asked from
abroad. Hon. Il. &. Dickinson, the IL
nancial agent OF the company, who has
been i'll England for two years in its
interest, said to the En4mirrr man:
1.-The funds necessary to commence
the construction of 800 miles OF the
road from Clay City, Ky, through the
rich coal. iron and timber regions Ell
route to the magnificent liarb0r Of Port
In MI.
ately, and we expect to commence the
actual construction of the road within
three or four months or earlier.
''Mr. Thomas T;incred, the eminent
civil engineer. who made Il thorough
inspection of the projected lines last
fall, las made preliminary report to
his associates in London, and it is very
strongly in favor of building this great
trunk line. He estimates the net earn
ings Of the traffic at II per cent on its
net capitalization. crossed the At
lantic this time to present in person the
conditions upon which the money will
be furnished to build this splendid line
of railroad, which will be double track
ed the entire route and equipped i'll
first class modern style in every way.
81 have already expended S2j 900 of
100000 more in the preliminary work.
which is practical evidence of my faith
i'll the enterprise. OF course, expect
to get my money back and much more
III the way of commission from the sale
of the bonds. The meeting to day was
entirely satisfactory, and ! shall return
ut once to London to close the deal.
"This road will be one of the grand
est ever built OH this continent. Its
is on Il straight line north from the
Nicarauguan Canal, and when both
these commercial highways are COM
pleted they will shorten the cOmmuni-
cation from China to Chicago and the
Northwest $4,000 miles, as against the
San Francisco route
Col. Albert T.. Boone, of GAINESVILLE,
Ohio. the original protector and promo
ter OF the Black Diamond system, said:
1.-The whole scheme now passes into
the hands of the British syndicate. and
it will own every dollar of the bonds
and stock. and the charters will be
transferred to it. Every dollar that
has been contributed to the preliminary
work Of the road, S931 900. viii bs paid
bas.k i'll cash, with interest. before %
shovel OF dirt has been thrown. Not IL
dollar of stock will be owned in the
United States. | get my money in the
transfer and pass out"
The Emqmircr rOfThurs,lay, 10Th inst,
says:
Most of the Black Diamond Rail-
road officials from five States departed
for their homes yesterday delighted
which was satisfactory to them in every
respect. Colonel Albert F. Boone and
Hon. William Kirby remained over to
close up some matters OF detail. Mr..
Kirby, who is President OF the Ten
nessec Construction Company, will be
made President of all the construction
companies of the different divisions of
equipped by reason of his experience
iii railroad building in former years
and service as State Railroad Commits
siOner OF Ohio. He has been one of the
main stays of the Black Diamond en-
terprise throughout, and his knowledge
and reliability have counted big in the
successful result attained. He has
worked very hard indefatigably, and
remarked yesterday that he felt that q
great load had been lifted from his
shoulders. Under his competent adj
ministratiOn the road will be pushed to
rapid completion, it being the intention
of the company to finish up as much
work this year as possible, and have
$50 miles of the trunk line finished and
in operation within two years, and it is
expected that the entire system of over
ASOVO 1haACo VIII UC lOukluCu OuC III iOuI
or five years from water to water.
Hon. Il. NJ. Diclkerson, the financial
agent of the company who has pro-
noted the capitalization in London
backed by the strong report of Sir
Thomas S. Tancred, the distinguished
English engineer and BarOnet, who
thoroughly inspected the entire route
last fall, left last night for Cynthiana,
Ky, to qualify himself as practitioner
of land in Kentucky 80 as to be able to
attend to the legal affairs of the COM
pany in that State. He will leave Gin
sail next Wednesday for London with
the intention of returning to the United
States within thirty days. He said
yesterday that he had perfected the
Organization of the British syndicate
which is TO build and own the road be-
for fore he left London, and that S.6,0 6,0oo,,-
available for Immediate llse as snon as