Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1912-11-06

things that in the last year and 8.
half have made the large amount
of money already invested look like
it would be lost and the plant not
be built, and the money already paid
to land owners for bondage rights.
be simply gift to them.
The condemnation proceedings to
be instituted are nothing more than
the company now bringing the mat
ter of these future suits to head
now, and having a just consideration
for such damage settled now, and
this in the same Edgefeld court,
before an Edgefeld jury. This, as,
in any other case at court, can be-
appealed by either side if that side
considers the award unjust, and car
ried mp to higher court.
l personally have handled the
affairs of this company with all its
dealings with home people, as I
personally had induced, after a
great deal of pursuading, this.
northern capital to back this risky
venture that would not be touched
by home people. And if was III,
just to either side in making these
settlements, or offers for those yet,
unsettled, I was unjust TO the COM
pany in the amounts2paid for these.
bondage rights, knowing as I did
by experience that unless ali of these
many properties were taken COLLECT
lively that there was no water power
value there that could be made to.
pay interest.
Our people are familiar with the
talk of the last twenty years, of the
water powers up the Savannah riv-
er, and the amounts expended, and
in the instance of one company its,
expenditures amounted, probably
to near half million dollars, from
which nothing has as yet ever come,
for those whose money went into
it.
I call this to your attention to.
show that these waters are not so
valuable as it might otherwise ap-
pear, when the value can only be
gotten out by the further invest
ment of large sums Of money on an
uncertain risk. And to get these
large sums invested requires, as in Z
your case or any other investor,
that the proposition offered mus
be worked out on paper completely
to the end, and bear tho closest
scrutiny, and be able to show NOR
than interest returns to cover tha
certain losses that will come in con
! struction and the non returns fron
the money during the period o
promotion and construction beforS
the unsold power yields any return
And | venture to say that you, o
al : man who had money to inve1
would hesitate to put up his pro
portion in such an amount wher|
the venture appeared as uncertai1 e
as it did, and does, and the returns
to the investor are as small as they
actually are.
AS the promoter in this enter
prise / saw and realized some timd
back that must be willing to sed
the money I had put into it a loss I'd
me and the proposition an utter
failure owing to the concessions
had TO make both land owner and
investor, and have the public say,
Il knew he could not do it," or putt
in more and push the matter through F
to finish with the hope that the
success of the enterprise would re-
pay me.
I regret that 1 feel it is necessary
to ask you for this amount of your Z
valuable space, but | could not re-
frain from trying to get before the
people of Edgefeld county this jn-N
formation regarding ,as Georgia.
Carolina Power Co, 4, now 1t tcV
be. Thanking you, 90
Very J yours,
?. Wood