The daily phoenix. (Columbia, S.C.) 1865-1878, July 11, 1869, Image 1
lilli'.'?? I ll.?.????.ll. . "
roBLisnisD DAii/T ?jrp *M-WBYSXX.
TH? GLMNEft.
KVXST WKDHVSDAT MORKT??*.
BY JULIAN A. SELBY,
zouo*. A*P K?OPJ?IBTOB;
Ofiee 04 Main Street, above Taylor,
Agents for Pbonl? nn* Gleaner.
Jot.rcs.PoPP?..Anderson 0. H
JAMES GK ANT..Union J. H. ALLES..Chester
BY J. A. SELBY. O?LUMBTA, ft. 0.. SUNDAY MORNING. JULY ll, 1869
VOL. V- NO on
T ? ? ?5^3 ITV ANCE.
SDBS^WPTW?..
Daily, Six Months. H 00
Tri-Weekiy, Six Months. 2 60
Weekly, Six Months. 1 SO
ADVERTISEMENT*.
Per Square, (10 lines,) flrii Instr tien.to 75
Each sub sequen t insertion. AO
Weekly, each insertion. 75
trw A liberal discount made on the abovt)
ate? xchen adoertisemerUs are irxterted bj?
the month.
?J-Book and Job Printing pf all kinds
J33poojL?,li KTot?oes.
Batcher's Lilglitnliig Fly-ICillcr !
Death to the Living ! Long live thd Killers 1
Soto oy Dealers Bceryiehert !
Juno 80 ligrimo ? .. ._
?JTH? SEASON OP EXHAUSTION.-No
matter how vigorous hy nat uro the system
and tho constitution maybe, tlicy muet ne?
cessarily suffer more or lesa from tho deplet?
ing effects oftho tomperntnre of midsummer,
unleea strengthened and sustained by whole?
some tonip treatment. Thc extra prcaBuro
upon the vital forces must bc mot and coun?
terbalanced by an extra resistant power ; thc
unusual and rapid consumption of tho animal
fluide by profu'eo perspiration, must be com?
pensated by the perfect digest ion and assimi?
lation of tho food taken into tho stomach,
from which both tho fluids and Bolids of tho
body are derived. Othorwiso tho physical
strength declines, and tho mind, sympathizing
with the machinery through which it acts, be?
comes depressed and enervated. A STIMULANT
is therefore absolutely required at this season;
not a violent one, calculated to produce febrile
excitement, but something which will recruit
and reinforce tho wholo organization in pro?
portion to the extraordinary drain to which
the torrid heat subjects it.
This desideratum is supplied in a palatable
and most efficient form in HOSTETTER'S
STOMACH BITTERS, which tho people of
this country, after moro than twenty-five
years' experience, havo aocepted and endorsed
as the best tonio, alterativo and anti-bilious
preparation which medical chemistry has yet
succeeded in obtaining from the strength
sustaining, healing and purifying products of
tho vegetable kingdom. Every ingredient of
this famous compound has its own specific
virtue, and the result of their combination is
the most genial invigorant, aperient and regu?
lating medicino ever administered, cither as a
preventive or cure of the disorders most com?
mon in our variable, climate. Among these
may be enumerated dyspepsia, biliousness,
conetipation, fever and ague, nervous debility,
and nil the ailments proceeding from imperfect
digestion. A courBe of HOSTETTER'S BIT?
TERS is the beat possible safeguard against
the dangers which tneuao persons of both
sexes, and all ages, during the heated term.
Joly 3 t6
JBSTPHIIJOSOPIIY OP PI A Ititi AGE.-A
New OotTBSB OF Lr.cTunr.s, as delivered at tho
New York Museum of Anatomy, embracing the
subjects: How to Live and What to Live for;
Youth, Maturity and Old Age; Manhood Gene?
rally Reviewed; The Cause of Indigestion; Fla?
tulence and Nervous Diseases accounted for;
Marriage Philosophically Considered, Ac, Ac.
Theae lectures will be forwarded on receipt of
four stamps, by addressing Sec'y Baltimore
Museum of Anatomy, 71 West Baltimore street,
Baltimore, Md. May G ly
THE MARRIAGE RING- Essays on tho
Errors of Youth and Follies of Ago in regard
to Social Evils, with certain help for the erring
and unfortunate. Sent in sealed letter enve?
lopes, free of charge. Address HOWABD AS?
SOCIATION, Box P, Philadelphia, Pa.
May^M_'_3mq
r Good !I Better M~Best ! '. ? "
READER, if you want tho best HAM in
market, try one of Thomas <fc Co.'s Ken?
tucky Hame, sold only by
May 31_J. A T. R. AGNEW.
The Reynolds Patent Flow.
HAYING made arrangements with Messrs.
Wm. Glaze & Co. for the manufacture and
exclusive sale of this justly celebrated PLOW,
ive are prepared to offer them to tho country
m good terms. Good toola will always bo found
igood investment.
Feb 28 FISHER. LOWRANCE A FISHER.
Preserving Kettles.
TINNED and Enameled Preserving KET?
TLES, for sale low. by
_FISHER, LOWRANCE & FI8HER.
Light I Light!! Light ll!
SAFETY and Economy combined, by using
tho CRESCENT GAS GENERATOR and
CRESCENT OIL. This Oil is non-explosive
rid gives a brilliant light, without tho uso of
lamp-ohimneys, or tho trouble of cleaning
them. Kerosene Lamps altered to use the
Crescent Oil and Gas Generator, at a trifling
expense. For further information and a sup?
ply of Oreaceat Oil and Gas Generator, apply
to_J. AT. R. AGNEW.
Flour Barrels.
300 FLOUR BARRELS for salo low
by E. A G. D. HOPE.
May 29
Pocket Corn Sheller.
SHELL8 6 bushels of corn per hour. A smell
boy can can use them. Any lady can use
them. Weight 3 pound. They supply a want
long needed. Will wear always. Takes every
kernel off the cob. Pi ice, only $2.
April 28_J. A f. R. AGNEW
Sardines! Sardines!!
1AAA HALF BOXES SARDINES, at
.\l\J\J 30 cents per box by retail.
1,000 Quarter Boxes Sardines,"at 25 cents per
box by retail. For salo nv
May 29 J. & T. R. AGNEW.
Fresh Supplies.
DUTCH HERRINGS,
Fresh Country and Mountain BUTTER,
Pink-Eye and Feach-Blow Plnntlng Potatoes,
Fine Goshen CHEESE, at G. DlERCKS,
Jan 28 At the Sign of tho Watch.
BOiADALIi
Purifies the Blood.
For Bale by Drugg-UtN Everywhere.
Claret and Cider.
1CASK TABLE CLABET on draught,
Champagne Cider on draught,
Stock of WINES unusually full, from com?
mon to finest grades, and offered at very low
prices by _GEO. SYMMBB8.
Pure Corn Whiskey.
i)f\ BB LS. Pure Corn WHISKEY, for aale
?i\J low to dealers. E. Sc G. D. HOPE,
May 1 Agents Old North State Distillery
OITEZKN?' SAVINGS BANK
SOUTH OMOLIN?
? ai rn?rwfi -i^g.?nair>5pi i . .. '
? UTH?RIZED CAPITAL', $500,000.
DEPOSITS OF fl A UPWARDS RECEIVED.
XNTEREST at tho rato of Six per cou', per
annum, (tho rato paid by nioet SavingH
Ranks ia from Three percent, to Five per c?ht.
only,) allowed en deposita, and payabld in
January and July of each year, or ridded to
principal, and interest compounded, at option
of the depositor. i
Principal and Interest, or any pnrt thereof,'!
may be withdrawn at any time-tho Rank re?
serving tho right to demand the usual notice,
to wit: Fourteen days if tho amount is under
$1,000; twenty days it over ' $1,000 aud under
$5,000, or thirty days if over $5,000. The of?
ficers may, howover, in their discretion, and in
most instances will, pay without such notico.
In order to pay interest to depositors, tho
Rank must invest its funds; and tho object of
tho notico is to give it time to realize, when
necessary, upon ita investments. When do- j
sired, sp?cial interest beariug certificates will
be given, payable at a designated time.
The Capital of the Rank has been paid in
IN CASH,
and has been invested by the Directors in re?
liable securities.
EXECUTIVE DEPARTMENT,
COMITKOL. LEU-GENERAL'S OFUCE,
March 1, 1869.
I hereby certify that tho Citizens' Savings
Rank of 'South Carolina have furnished me
with satisfactory evidence that tho Capital of j
said Bank has been paid in, as required hy
tho Act of incorporation, ratified Februarv
12 1869.
(8?gned) J. L. Is EAGLE,
Comptroller-General S. C.
Mechanics, Laborers, Clerks, Widows, Or?
phans and dthers may here deposit their sav?
ings and draw a liberal rato of interest there?
on.
Planters, Professional Men and Trustees
wishing to draw interest on their funds until
they require them for business or other pur?
poses: Parents desiring to set apart small
sums for their children, and Married Women
and Minors (whoso deposits can only be with?
drawn by themselves, or, in case of death, by
their legal representatives,) wishing to lay
aside funds for future use, are here afforded
an opportunity of depositing their means
where they will rapidly accumulate, and, at
tho same time, be eubjeel to withdrawal when
needed.
OFFICERS.
Gen. Wade Hampton, President.
Col. John B. Palmer, vice-President.
Thomas E. Gregg, Cashier.
John C. B. Smith, Assistant Cashier.
?So??c?for**.
Col. F. W. McMaster, Col. B. H. Rutledge,
Messrs. Fair, Pope A Pope.
Directors.
Gen. Wade Hampton, Columbia.
Col. F. W. McMaster, Columbia.
Col. A. C. Haskell, Columbia.
Col. J. P. Themas, Columbia.
Col. J. B. Palmor, Columbia.
Thomas E. Gregg, Esq., Columbia.
Dr. E. H. Heinitsh, Columbia.
J. Eli Gregg, Esq., Marion.
G. T. Scott, Esq., Newberry.
W. G. Mayes, Esq., Newberrv.
Col. B. H. Rutledge, Charleston.
Datiiel Ravenel, Jr., Esq., Charleston.
Finance Committee.
John R. Palmer, J. P. Thomas,
G. T. Scott, A. C. Haskell,
J. Eli Gregg.
[Extract* from BIJ-IMICS and Charter.]
The Finance Committee shall have power to
examine the officers, books and papers of said
Bank, and to vorify the statements of said of?
ficers and said books and papers, by taking tn
inventory of the assets and liabilities of the
Bank; and the said Committee shall make at
least quarterly reports of the results of their
investigation to tho Board of Directors. *
* * The Cashier shall, on each Tues?
day, report, in writing, to tho President the
business transacted of the foregoing week.
* * * And he shall exhibit, at the
regular meetings of the Directors, tho Bank's
hook or books, and have preparod, from his
books, a complete balance sheet, togother
with astatemont showing his receipts and ex?
penditures. ? * * TJ10 Cashier,
Assistant Cashiers and Tellers shall be re?
quired to give satisfactory bonds for tho faith
lui performance of their respective duties;
and said bonds, before their acceptance by the
President, must ho approved by ono of the
Solicitors of thc Bank, and by* thc Finance
Committee. * * * No Director or
officer of said corporation shall borrow or use
any portion of tho funds thereoi; bo surety
for loans to others, or in any manner, directly
or indirectly, bo an obligor for money bor?
rowed of or loaned by tho corporation. *
* * No loan of mouoy shall bo made
by said corporation to any stockholder owning
morothanfour shares therein. Julv 20
PUMPS.
JjVVERYBODY who has nae for a PUMP
should buy
MORRELL'S FIRE ENGINE,
DEEP WELL, and
FORCE PUMP
Send for a circular.
POOLE Sc, HUNT
_JanlS6ruo Baltimore. Maryland.
STRONG INDUCEMENTS.
THE NATIONAL LIFE INSURANCE COM?
PANY will insure $1,000, at tho following
rates:
Agc 25-?14 50.
" 30- 10.55.
?' 85- 19.40.
M 40- 23.?0.
" 45- 28.85.
" 50- 30.05.
All other companies charge 40 to 50 per cent,
more. Before von insure, examine for your?
selves. E. H. HEINITSt?,
Feb 2T Agent for South Carolina.
SMOKING TOBACCO^
j)AA LBS. GENUINE DURHAM-direct !
?d\J\J from tho Factory.
400 Lbs. "Commonwealth,"
100 Lbs. "Bracolet."
April 20 JOHN C. SEEGERS.
Hams, &o.
fci|^VRANGE" Brand HAMS, best in market.
KJ Puro Loaf Lard.
Fulton Market Beef, Scaled Herrings.
Picklod Salmon, Smoked Tongues, ic.
For salo by GEO. SYMMERH.
--? r- -u- -_ y i r
~l lOFFifa.iL.l '
Proceedings or the Meeting* of th'? <*o
1 ti mb tu. and Aagttita ami Charlotte
Mild Sowth Carolina- Uplltouil Coiuim
iiic?.nndo? ? l?? Coriqol Ida ted Coa^pan y.
COLUMBIA. AND AUGUSTA B, B.
B?BST PAY. .
CJOLDMUIA, July, 7, 1869.
Accord jug to a call of the Ii resident of
tho Columbia und Augusta Railroad
Company, the stockholders mot this
afternoon, at the Nicholson House.
.On motion of ; Col. Wm. .Johnston,
tho Hon. J. H. Wilson, of North Caro?
lina, wit H called to the Chair, and Messrs.
Henry A. Meetz and Thomas E. Gregg
appointed Secretaries.
On motion, General John A. Young,
Mr. John J. Cohon and Dr. John Fisher
were appointed a Committe to Verify
Proxies.
After a short absence, Mr. Cohen,
from said committee, reported thal
21,857 shares were represented in person
and by proxy.
The meeting proceeded to business.
Mr. John J. Cohen, in behalf of Mr.
H. F. Bussel, the Chairman of the Com
mittee on the part of tho Columbia one
Augusta Railroad upon the oonsolidatiot
of thc road with the Charlotte and Soutl
Carolina Railroad, submitted the follow?
ing report:
Tho Committee appointed on behalf o
tho Colombia and Augusta Bailroat
Company to meet a similar Committei
on the part of the Charlotte and Soutl
Carolina Bailroad Company for tho pur
poso of arranging the terms of consoli
diition of these two companies into om
nnd tho same body corporate, under th
name of tho Charlotte, Columbia am
Augusta Bailroad Company, ask leavi
respectfully to report:
That, in accordance with the term
and spirit of their appointment, you
Committee met in joint conference wit]
the Committee on the part of the Chai
lotte and South Carolina Bailroad Com
pany, at the city of Augusta, on tho 27ti
day of May last; and after a full, free am
harmonious interchange of views nu
opinions between them, wherein wa
fully discussed all matters pertaining t
the value of the property of the tw
companies, their respective assets an
liabilities, and the comparative and reh
five value of the stock of the two compt
nies, but more particularly the terms an
conditions on whioh thc consolidation c
the two companies should take plac<
the joint committee unanimously recon
mended the adoption of the followin
resolution, to wit:
Resolved, unanimously, by tho Con
mittee appointed by the Charlotte an
South Carolina Bailroad Company au
by the Committee appointed by the C<
lumbia and Augusta Bailroad Compan;
that we recommend the consolidation <
tho two companies, and upon the follow
ing terms, to wit: Each share of stock i
tho Charlotte and South Carolina Baj
road Company shall be converted into
share in the consolidated company; ai
every four and one-half shares of sto<
in the Columbia and Augusta Bailroi
Company shall be converted into a sha
in tho consolidated company; and whei
in tho lost named apportionment, fra
tious of a share may result, the owne
thereof may, at their option, complc
the unit, by paying for the necessary a
dit ional shares of Columbia and Augut
Bailroad stock, at the rate of if 12.50 p
share; or they may receive pay for tin
surplus shares at the same rate.
Mr. James G. Gibbes offered the f<
lowing resolutions os a substitute for t
report of the committee:
Resolved, That the stock of the Ch
lotte and Sonth Carolina Bailroad a
that of the Columbia and Augusta Bf
road be consolidated, and that the t
companies be united under tho name
the Charlotta, Columbia and Augu
Bailroad, and that new certificates
stock be issued to the stockholders oi
basis of four shares of the Columbias
Augusta boing equal tu ono shuro of \
Charlotte; and that when fractions
shares occur, tho holder shall have
option of either Belling his stock to I
company, ut fifty cents on tho dollar,
of paying at that rate to make a i
share.
Resolved, That a duo regard and
6pect for tho interests of Columbia,
present terminal point of the two roo
render it necessary to guarantee that
all tariffs of freight and schedules
unfair or unjust discrimination shall
used to the prejudice of Columbia i
her interests.
Which were forcibly advocated by
mover, Gen. Hampton and Col. A.
Haskell; and opposed by Col. Johns!
Major Jumes H. Bion, Cols. P. W. '.
Master and Paul Qaattlebnum.
Hon. John McKenzie, Mayor of
city of Columbia, snbmittod tho foll
ing protest':
Whereas, in tho opinion of the (
Council of Columbia, the interest
this city will.be best promoted by cc
nuing tho Charlotte and South Cato
Bailroad Company and the Collin
and Augusta Bailroad Company as s
rate corporations; and, whereas, the
ject of tho City Council of Columbia.
And tho citizens thereof, in subscribing
to these corporations, was to promote
the interests of this city and tho trade
thereof; therefore, bo it
Resolved, That whilo the City Council
of Columbia/ belioyo their, interests will
bo host promoted by those railroad com?
panies remaining as separate corpora?
tions, this Council will agree to tho con?
solidation pf tho two roads abovo named,
ou condition that no discrimination
Shall bo mado against Columbin; and
that th/a following conditions shall bo
agreed on as a part of tho contrnct of
consolidation: First, thnt Columbia shall
be guaranteed tho lowest through rates
for freight and passage, which shall ex?
ist, fo'- the timo being, to Charlotte or?
to Augusta, or between Charlotta and
Angosta, or Augusta and Charlotto to
any other point; these rates to be pm
rata from either terminns of tho road,
according to their distance from Colum?
bia; second, thnt no discrimination in
local freights and passage shall bo made
against Colombia from any point on tho
line of road, which will have the ef?
fect of driving the trade of any section
of country to Charlotte, or to Augusta
and from Columbin; and that for the
same distance of transporting freight or
passengers, tho cities of Augusta, Colum?
bia and Charlotte shall, in every parti?
cular, be placed ou an equal footing;
third, tho interests of Columbia will be
promoted by tho extension and building
of other railroads to this city; and in the
event of any road being completed to
this point, they shall be guaranteed a
connection with tho Colombia and Au?
gusta Railroad and tho Charlotto and
South Carolina Railroad on an equal
basis of charges for through freights and
passage which shall be charged by the
consolidated road, or whioh may bo
granted to nuy other road counecting
with it.
Major Rion moved to lay tho first
elution on tho table. A stock vote
\. .. taken, and resulted ns follows: Yeas
7,. .. Nays 3,229-a majority of 4,209.
So the resolution was laid upon the table.
The second resolution was then with?
drawn for the present.
A stock vote was then taken on tho re?
port of the Committee on Consolidation,
and resulted as follows: Yeas 10,103.
Nays 1,437-majority 8,720. So tho re?
port was adopted.
Mr. Johnston then called np the se?
cond resolution offered by Mr. Cribbes; |
which was pnt to vote nnd adopted.
The meeeting then adjourned until
to-morrow, at 9 o'clock.
JOSEPH H. WILSON, Chairman.
L'?, [Secretario,
SECOND DAY.
COLUMBIA, July 8, 1809.
The mooting was convened this morn?
ing, nt ll o'clock, Mr. Wilson in tho
chair.
The following preamble und resolu?
tions, oflefced by Major C. D. Melton,
were put to a stock vote and unanimous?
ly adopted:
Whereas, tho stockholders of tho Co?
lumbia and Augusta Railroad Company
and of the Charlotte and South Carolina
Railroad Company have consented to tho
consolidation of tho two companies, ns
provided for and declared by tho Acts of
tho Legislatures of South Carolina,
North Carolina and Georgia ; and
whereas, the said two companies are
now, by operation of the said Acts, con?
solidated into one company, under the
name of tho Charlotte, Columbia and
Augusta Railroad Company; therefore,
bo it
Resolved, That whenever the said
Charlotte, Columbia, und Augusta Rail?
road Company shall have formally as?
sumed the payment of ull of the liabili?
ties and tho performance of all of the
contracts of the Columbia and Augusta
Railroad Company, all the property of
the Columbia and Augusta Railroad
Company shall thereupon vest in the
snid Charlotte, Columbia and Augusta
Railroad Company; and all tho rights,
credits nnd choses-iu-aetion of tho said
Columbia aud Augusta Ruilroad Com?
pany shall be, and thoy aro hereby, as?
signed to tho said Charlotte, Columbia
and Augusta Railroad Company.
On motion of W. R. Robertson, Esq.,
the meeting then adjourned, to meet in
joint convention with the Charlotte and
South Carolina Railroad Company.
JOSEPH H. WILSON, Chairman.
H. A. MEET/,, ) . .
THOMA? E. GBBOO, J Secretaries.
CHARLOTTE AND S. C. R. R.
FI HST DAY.
COLUMBIA, " uly 7, 1809.
Tho stockholders of tho Charlotte and
South Carolina Railroad met this after?
noon, at the Nickerson House.
Hon. J. H. Wilson, of North Carolina,
was called to tho chair; and Messrs.
Henry A. Meetz and Thomas E. Gregg
appointed Secretaries.
Mr. G. J. Tatterson, from the commit?
tee which had been appointed by the Di
rectors to verify proxies, reported tbat
8,517 shares were represen ted-which
was a majority of the stock.
Mr. Vf. R. Robertson, from tho Com?
mittee on Consolidation, submitted tho
following report; Which Whs unanimous?
ly adopted by a stock vote-5,790. votes
being cast:
Tho committee appointed on behalf of
the Charlotte and South Carolina Rail?
road Company to. meet a similar com?
mittee on the part of the Columbia and
Augusta Railroad Company, for tho pur?
pose of arrangiug tho terms of consolida?
tion of theso two companies into ono
and tho samo body corporate, nuder thc
namo of tho Charlotte, Columbia and
Augusta Railroad Company, ask leave
respectfully to report:
With a view to a full anti proper un?
derstanding on the part of thc stockhold?
ers of this company, as to tho origin and
history of the proposed consolidation of
theso two companies, your committee
deem it not altogether inappropriate on
this occasion to refer briefly to a few of
tho leading facts connected with thc
matter.
At tho annual convention of the stock?
holders of the Columbia and Angustr
Railroad Company, held in tho city o!
Columbia, on tho 3d day of December,
1868, tho matter of consolidating tin
two companies into one ns formally
presented for the conside ttion of thc
stockholders of that company by its Pro
sidenl, who, on that occasion, in his an
nual report, remarked, that as the inte
rests and policy of these two corporation!
were identical, it had been suggested lr
many stockholders of each that it wooli
be to the interest of both to have then
consolidated into one company-that i
would produce unity and concert in i
moro extendod line, thereby renderini
both more efficient for public conve
nience and transportation, and great!;
economize the expenses of admiuistorinj
them separately.
With these remarks substantially, h
submitted the matter to the stockholdet
for such consideration and action as the
might deem proper. Thereupon, a d
rector of that company submitted th
following resolution, which was adoptei
"Resolved, That so much of the Pm
sident's report as refers to the consolidi
tion of this and tho Charlotte and Sout
Carolina Railroad Company, be referre
to a special committee, who are reques
ed to report immediately as to what n<
cessary legislation may be required I
allow the consolidation, if such sh oui
bo found advisable."
Under this resolution, a committee i
five was appointed, who reported tin
same afternoon, in substance, that ina
i much as it may bo advisable for the
company to become a party to the co
Golidation suggested, they recommet
that such legislation be obtained as w
enable the two companies to effect tl
consolidation, should the stockholde
of the respective companies approve
such consolidation. With this repoi
tho committee submitted a draft of u b
to be presented to the several Legis]
tures of North Carolina, South Carolii
and Georgia, for the purpose of ennblii
and allowing the two companies to elle
consolidation. This bill, with some fi
slight amondmouts, passed the sevei
Legislatures, and became a law. Hon?
full legal authority, so far as legisluti
enactment can furnish it, has been giv
to these two companies to unite the
selves into one and the same body corj
rate.
So much for the initiatory action
the part of tho Col um Via uud Augui
Railroad Company looking to consolh
tion, and the consequent legislative
tion thereon.
Now for tho action which has bc
had on the part of tho Charlotte a
South Carolina Railroad Company,
tho late stockholders' meetiue; of t
company, held in the city of Coln ml
on tho 21st day of April last, the folk
ing resolution was unanimously adopt
"Resolved, That this compauy reg;
with favor tho proposed consolid?t
with tho Columbia end Augusta Railn
Company; und that a committee be i
pointed to arrange with a like commit
from the other company the terms
consolidation, to be submitted for ral
cation or rejection to meetings of
I two companies, to be called in pursna
of the Acts of the Legislatures of Gt
gin, North Carolina and South Carob
authorizing tho consolidation."
And it was further resolved at
same time, that tho committee she
consist of six-three to be appointed
tho Board of Directors, aud three by
stockholders then in session. Un
this authority, your committee was
pointed ns tho representatives of
company, to meet u similar com mi
on tho part of tho Columbia and Aug
Railroad Company, to arrange tho
tails and terms of consolidation.
Tho Joi it Committee mot at tho
of Augusta, Georgia, on tho 27th da
May last. Their meeting and delib
tions were most pleasant and harm
ous; aud after a full, free and somes
protracted intorchnuge ol views
opinions, wherein waa frankly discu
all matters pertaining to the val no ol
property of the two companies, tbel
spective assets and liabilities, and
relative aud comparative value of
stock of tho two corporations, par
larly the terms and auditions on w
it would bo fair, equitable and just
I yruinptiy aim launi?lJy attended to.
the consolidation of the two companies
to take place, unanimously agreed to the
following resolution:
Resolved, unanimously, by the Com?
mittee appointed by tbe Chnrlotto and
Kout h Carolina Railroad Company, and
by the Committee appointed by tue Co?
lumbia and Angust?; Railroad Company,
That we recommend tbe consolidation of
the two companies, and upon tbe follow?
ing terms, to wit: Each shnro of stock
in the Charlotte and ?South Carolina
Railroad Company shall be converted
into a share in the consolidated compa?
ny; and every four and one-half shares
of stock in tho Columbia and Augusta
Railroad Company shall be converted
into a share in tho consolidated compa?
ny; and where, in the last named appor?
tionment, fractions of a share may re?
sult, tho owners thereof may, at their
option, completo tho unit by paying for
the necessary additional shares of Co?
lumbia and Augusta Railroad stock at
the rate of S12.50 per share, or they may
rcoeive pay for their surplus shares at
the same rate.
Thus, it will bo perceived that the
Joint Committeo concluded their labors
not only in harmony but with entire una?
nimity; and your Committee now in?
dulge the hope that their action in the
premises will meet with a hearty endorse?
ment by this Convention of Stockhold?
ers.
All of which is respectfully submitted.
W. R. ROBERTSON,
Chairman of the Committeo
on tho part of the C. & 8. O. R. R. Co.
The meeting then adjourned until to?
morrow morning.
JOSEPH H. WILSON, Chairman.
H. A. MEETZ, ) a . .
THOMAS E. GBEGO, \ Secretaries.
SECOND DAY.
COLUMBIA, July 8, 1809.
The stockholders mot this morning, at
9 o'clock, pursuant to ndjournment.
Colonel Wilson in tho chair.
Major C. D. Melton offered tho follow?
ing preamble and resolution, which were
adopted unanimously by a stock vote:
Whereas, the stockholders of the
Charlotto and South Carolina Railroad
Company and of the Columbia and Au?
gusta Railroad Company have consented
to tho consolidation of tho two compa?
nies, os provided for and declared by the
Acts of the Legislatures of South Caro?
lina, North Carolina and Georgia; and
whereas, the said two companies are
now, by operation of the said Aots, con?
solidated into one company, under the
namo of the Charlotte, Columbia and
Augusta Railroad Company; therefore,
be it
Resolved, That whenever tho said
Charlotte, Columbia and Angusta Rail?
road Company shall have formally as?
sumed the payment of all the liabilities
and the performance of all the contraots
of the Charlotte and South Carolina
Railroad Company, all the property of
the said Charlotte and South Carolina
Railroad Company shall thereupon vest
in the said Charlotte, Columbia and Au?
gusta Railroud Company; and all the
rights, credits and cboses-iu-action of
the said Charlotte and South Carolina
Railroad Company shall bo, and they are
hereby, assigned to the said Charlotte,
Columbia sud Augusta Railroad Com?
pany.
On motion of Col. James H. Rion,
the meeting adjourned, to meet in joint
convention with the Columbia and An?
gusta Railroad Company.
JOSEPH H. WILSON, Chairman.
JOINT CONVENTION.
COLUMBIA, July 8, 1809.
A Joint Convention of tho stockhold?
ers in the Columbia nnd Augusta and
Charlotte and Sonth Carolina Railroad
Companies assembled this morning.
On motion of Major W. R. Robertson,
J. H. Wilson, E^q., was requested to
preside, and Messrs. H. A. Meetz and
ThoH. E. Gregg to act as Secretaries.
Mr. J. J. Cohen, from tho Committee
on Proxies, reported that a majority of
the stock of both companies was ri pre?
sented.
Major J. H. Rion offered tho follow?
ing resolution, which was adopted:
Reeolved, That the stock represented
in this Joint Convention, and all stoek
votes, bo determined by adding together
tho number of shares and tho number of
votes to which any ono is recorded ns
representing and entitled to, on the two
separate lists of the Committees on Stock
and Proxies, appointed by the Conven?
tions of tho Charlotte and Sonth Caro?
lina Railroad Company and the Colum?
bia and Augusta Railroad Company, re?
spectively.
Major W. R. Robertson submitted the
following by-laws, which wore adopted:
1. The stockholders shall meet annual?
ly to reca?vo tho report o? the General
Board of Directors, and transact suoh
other business of tho company as may
be brought before them, ut such placa
as they at the successive annual meet?
ings, or at any general meeting, mny ap?
point.
2. Stockholders aud their proxies rep