Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1899-03-23
Risok Dias:,oad News.

Tho much.t tai kod ,ofy and long prof jeoted
Black Diamond Railroad appears to, have
reached q onlminating poi lin the I'M.
nortanS Meeting h5iti nc Ghe Grand Itotel
yesterday OF the directors of tho differ
ent corporations In the several STATES
through which the system Is conteni.
plated. The purpose OF the meeting was
to raire the balance Of funds required to
pay the preliminary expenses Of finaIc-
Ing. the roed in London, England, which
includes the lithographing and register
Ing OF the bonds, preferred stock, COM
mon stook,. as soon as the legal formali-
ties have been aosapiiSa with aud tue
transfer Of tho charters to the. British
syndicate. Both these objects were
the $4,000 required was put up In cash,
and everything agreed to that was asked
from abroad. Hon. z. 9. Dickinson, tho
financial agent Of tho company. who has
been in England for two years In it's inter-
est, said to tho Enquirer reporter:
1.-The funds necessary to commence tho
CONSTRUCTION of $50 miles of the road
from Clay City, KY, through the rich
coal, iron and timber regions en- route to
tho magnificent harbor Of Port Royal, s..
O., will be available immediately, and we
expect to commence tho actual construc-
ton of the road within three or four
months or earlior. Sir Thomas Tanored,
the eminent English OWL engineer, who
made thorough inspection of the pro:
jeoted lines last fall, has made prelfmi-
nary report to his associates in London,
and it Is very strongly in favor Of build.
ing this great trunk limo. He estimates
the net earnings of the traffic at Is por
cont on the not capitalization. ! crossed
the Atlantic this time to present in per-
son the conditions upon which the money
will be furnished to build this splendid
line of railroad, which will bo double
tracked tho entire route and equipped in
first-class, modern style in every way.
I have already expended 5000 of my
own money and have agreed to put up
$20,0 moro in tho preliminary work,
which is practical evidence Of my faith
In tho enterprise. Of course, oxpeot to
got my money back and much more in
the way Of commission from tho sale of
the bonds: Tho meoting today was
at once to London to close up tho deal.
"This road will DO ono of tho grandest
ever built on this continent. Its seaboard
terminus, Port Royal, S. c., is on q
straight limo north from the proposed
Nicaragua canal, and when both thoso
commercial highways arc completed they
will shorten the communication from
China to Chicago and tho North west
$4,000 miles. = against the San Francisco
route"
Col. A. E. Boone, of Zanosvillo, Ohio,
tho original protector and promoter of
tho Black Diamond system, said:
"Tho whole scheme now passos into
tho hands of tho British syndicate, and
it will own evory dollar of tho bonds and
stock, and tho charters will be trans
ferred to 1t. Every dollar that has boon
contributed to tho preliminary work of
the rOad-$257, ,0O0-will be paid back in
cash, with interest, before n shovel of
dirt has beon thrown. Not n dollar of
stock will bo owned in tho United States.
get my money in the transfer and pass
out"
Thoro woro ovor thirty mon IN the
meeting yesterday from tlvo States, and
representative body of Americans thoy
were. Ono of tho chief officials present
was Col. Ross, president of tho Knox
villo Chamber of Commerce, and prosi-
don't of railway lines of that city.-Cin-
cinnati Enquirer, March 10.
Among tho officials of the different
divisions present Mt this meeting wo
notice tho following;
Ohio River, Anderson and Tidowator-
j. l.. Tribblo, general counsel, Anderson;
Capt. p. X. McCully, president, Andor-
SON. Capt r. G. StrOthor, railway builder,
WaIhalla.