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Ti The Eesle esson gr, tru4 Nbe tv lorkh, the more it's shooh, it shines. VOL. 1.] kASLEY, SOUTH 'AROLINA, FRIDAY, FEBRUARY 1 1884. [N. 17. TO MY LOVED ONE. Grieve not, darling, nor let slander Darkly teach thee to suspect This tender he'trt could ever wonud Thy ~lMdnegs with negleet. For all my love Is given to thee, And this once wretched life Is now devoted to the one Who soon will bei my wife. 'T'hen bid -thy heart be not alarmed, Nor let doubts distutrb thy love, For beauty boasts no charm tbat could One thought from the remnove, A TRUNK LINE TO CHICAGO. Ex-Governor Hiagood. Gives a HIstory of the Carolina, Cumberland Gap and Chicago Railway and Tells How It Is to be Constructed. The Aiken papers publish this week an interesting interview with ex-Governor Hlagood, president of the Carolina, Cumberland Gap ad Chicago Railway, in which he gives a brief history of the enter prise and explains its present con dition. In 1882 five duly (hartered rail road corporations were consolida ted under the name of the present company, the object being to con sruct a line of road from Aiken, in this State, to London, Ky. The stockholders of the consolidated railway are the stockholders of the original companies. A majority of the stock is held in South Caro lina, has been nearly all paid up, and has been expended in surveys and constructions in this State. Of the 125 miles of the South Car olina division of the railway, 59 miles are graded. Gen. Ilagood says: At the time of the consolidation a contract was entered into with the Alantic add North western onstruction Comn panIy of New Jersey for the build ing and equipment of the entE line from Aiken to London, Ky., the Constructio Company to be paid in bonds of the railway comn p)any. But it was stipulated by the Construction Company that it should not be compelled to comn menfce work until a coutmet was made for the sale of the bonds of the, railway company. It will be seen that the construction of the railway, either in whole or in part, was thus maae to ,iepnd~ nti.,ly upon the prior negotiation of the sale of its bonds, and that the pro ceeds of such sales were soley re lied upon for the further prosecu tion of the enterprise. A financial agent was therefore at once ap pointed and commissioned to un dertake their negotiation. The large amount of preliminary work necessarily prevented his putting his scheme upon the market until the spring of 1883. He has been in London since then engaged in his work. During all this time the market for railway securities has been greatly depressed, and so con tinues. The quotations of the stock market daily exhibit this, and it has been almost an impossibility to induce capital to embark in any new railway enterprise. The fi nancial agent, however, reports that lie has succeeded in attract ing to his scheme the attention of capitalist undoubtly able to float it, that they are most favorably im-I pressed and, in his judgement, it is only necesasry to await the re action in railway matters, which must surely come, to realize a suc cessful termination of his negotia tions. Such was the condition of afl'airs when the stockholders of the C. C. G. and C. Ilailway ( ompa ny recently held their first annual meeting at Aiken. They realized the unavoidable difficulties that their financial agent had encount ered and while adhering to the policy pieviously adopted of rel3 ing chiefly upon a sale ot their bonds for the further prosecution of the enterprise, they determined not to rely upon that solely. The'y determined to again put their own shoulders to the wheel, and by their own efforts proceed with the work while awaiting the negotiations i1 England. They argued that ad di tional contribuntion of their means, a'nd that to the full extent of their ability, was the strongest addition al argument that could be presen ted to foreign capital to come their aid. They determined to raise money enough to finish the grad ing and trestle and crosstie the road from Aiken to the rnountains.. It would certainly 'at the proper time hasten the favorable conclusion of our presenlt negotiations ; and If these as inaugurated should fail, we would have secured a b)etter basis on which to renew them else where. While to build the whole line from Aiken to London was beyond our means, it was thought that to do so much as has been men tioned was within our power, and the result would be to put at least one-third of the line in a condition to be speedily operated tipon a paying basis. A railway thus far advanced by private contributions and unencumbered by debt can never fail to bond itself for enough to complete its construction and equipment Arcordingly it was re solved to proeure the necissary legislation to permit the company to go before the people along the line and, laying the whole matter before them, invoke their aid. The executitve c immittee were directed to carry this resolution into effect. They have procured an Act of the Legislature permitting towns, township and counties interested in the road to subscribe by popular vote to the capital stock of the railway, and the movement is in augurated in the election now a hout. to be held in Aiken. After wards we will go to other towns and counties interested. Gen. Ilagood, in regard to the subscription the town of Aiken is asked to make, says: So much of the work has been done between Aiken and Edgefield Courthouse that Capt. Kirk, the engineer of the railway, estimates that $30,000 will grade, trestle and crosstie to latter point. If not another dollar was subscribed, and her $30,000 was thus expended, Aiken would thus'get assurance of a direct corn inuuication with the Richmond and Danville system, where we cross their Charlotte, Columi.0 and Au gusta roadl at Trreniton. Ilow much this would benefit the town in facilitating access to it by those who so largly p~atr'onize it as a sani itariuim, you can judge better than I. Passing on beyond Trrenton and reaching Edgefield, if' you stop there you will open to your trade a region of' country from which you are now as effectually debarr ed as if the C'harnlotte, Columibia atnb Augusta RoadI, which crosses the path, were a~ Chinese wall. Bu-t we (do not propose to stop with the Aiken subscription. We, as I have already said, will go befbre the people along the line , of th1e whole South Qarolina division And we have the assurance of the lead ing men of every section we pass through'-of men who knows the popular sentiment of their see tions-that the response Will be liberal. To make assurance doubly sure with regard to the efficient appli cation of such money as Aiken may vote, Gen. Hagood has fild With the inten(lant of the rown a paper binding the railway company not to use any part of the subscription made by Aken until additional sub scriptions to the amount at least of $ 100,000 have been made to capita stock of the railway company,work cannot be commenced on the road until the question of snbscribtioin has been decided, which may not be until the approaching summer, but when the work does begin it. will start at Aiken. The policy of the road is to do its work w ith free and not convict labor.. In reply to a question as to what will probaly be the value of stock in the road, Gen. Ifagood said: If the whole road is com pleted connecting us wtth the trade centres of the Northwest, it will be shorter by about 170 miles than any route to the Southern seaboard now existing. It will also be a road of easy grades, cheaply oper ated. This onght to insure it a profitable participation in the larga through freights from that region. The road will also run directly (hrough the coal and mineral re gious of Kentucky and Tennessee, and receive a heavy freightage thence. It also runs through the valuable agricultural region tf the French Broad country of North Carolina. Entering South Caroli na, it runs the manufacturing coun try at the foot of tile ruountains, and through the wealthy agricul tural counties of Anderson, Abbe ville and Edgefield--the last of which by tile late census, is credit ed with sending more cotton to market than any other county in thle State Such I road should certainly pay. We are however, now making the ef fort to build the South Carolina divisionm without having in sight, at this time, mnoney enough to bnild the whole. We proposN to'go at the con struction of the (CONTINUED ON 2ND 'PAGE.]