The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1903-06-24
BRIEF RECORD.
or the Enterprises in which the Edi-
tor OF The Press and Bauner Has
Repu Interested.

1fanybody feels sufficient Interest in the
matter, he may read the following story
which, we think Is fairly given:
| / The National Bank Stock was sub
scribed, but otneIs wanted the stocK, aud
'1s' TGe E on Mill We subscribed to the
capital stock. Larger stockholders ruled out
ali shareholders VINO had iess than, say =, ,oGO
| Like the fisherman wno catches small hsll,
| they threw our subscription back.
| 3. The Farmers Bank. We had at one
time ten or fifteen shares, which We snid be-
tore the institution began 10 pay DIVIDENDS.
| g. The Cumberland Gap Railroad. We
We're opposed To the Investment OF money In
| 81 scheme which seemed doomed. The town
| voted $4,000 Tor II, but after time the people
| began TO see things as they We're, ana the
! bonds were not Issued.
| / We favored The issue Of bonds for the 5.
| 4. l., road, and they were voted. Other
| towns did the same things, but refused 10
pay. The i.ailrOad did not ask this town to
G. When the s. \. l.. shops were establish.
ed this editor WAS one Of the endorsers OF Il
sl7 100 obligation to secure The shops. The
town bonds were voted, out ,,, co1ia d1oae not oe
The bonds, and each man, including this
editor, took his share. The bonds were after
ward sold in the ueIghborbooi Of par.
T. The Warehouse. This editor took stock
In that enterprise, aud after 1t went into
business, he sold his stock at premium he
fore any dividend was paid.
S. When the building Of The Cotton Mil.
w.s proposed this editor subscribed small
amounl of stock, which amo~nt was after.
ward Increased When the mill was on Its
feet and had paid two three pei Cent. dlvi-
deDds we sold uui atan average Vi nlnety-slN
q When il was proposed to build the Back
Diamond Railroad with It's dou"le track OF
ninety pound rails, we opposed tue lnvest-
dlviduals pledged the money. Banks ad.
yanced the cash and the people voted
TO repay the mouey. Net result A clear
loss We haven't even had an ltemtZed slate.
meut OF the way In which our money was
paid out.
10. We opposed building the Eureka hotel.
II Is now nearing compietiou, and VIII Staud
ior ages as monument 10 the puolc spirit of
it's founders. The new hotel VIII be open for
bus ness abt ut the first OF Ju y. It's pIopor-
lions and Dimensions are sucn as tu give the
best satisfaction TO the travelling pubic, and
will oe credit 10 the town. IL ID STRUCTURE
of which the town will ever be proud. When
IL was necessary 10 raise money 10 finisb
paying Tor IL this editor took a small amount
of stock.
counting In the public enterprises OF Alb
beville. We have aiUed in all except In the
Cumberland Gap and the Black Diamond
Railroads.
We claim no credit for wha: we have doue.
We did our duty az we saw H. We have no
Iegrets for our course.
The records OF the past are at least assuring
that we were not always In error, even when
we did lot agree In opinion with the mu
tiiude.
1t will be seen, too. that we have in an hum
BILE way, helped various enterprises without
either making or tossing much money. We
nave the satisfaction OF thinking We have
done part without much expense. III our
people generally would subscribe for stock,
without reference 10 ability, or Inclination,
10 hold II, the town would grow, and nobody
would be hurt. Stock OF almost any Kind can
ue sold al small discount.