The independent press. (Abbeville C.H., S.C.) 1853-1860, January 04, 1856, Image 1
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VOLIiaR 3?>'() 34. ' ABBEVILLE C. IL, SOUTH CAROLINA, FRIDAY MORNING. JANUARY 4, 1856. WHOLE NUMBER 138. " ^
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v*';:t^hoiWi6llng('" . 1*4 circulatign iu this State is
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/d^ered tp tho-mercantile aud buni"
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^4. RATES OF'ADVSKT18INO.
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:- ' p
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AdToHisemcht.s inserted for a shorter
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tctUifter square (12 lints Orjpss^or first jnser'
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- '-^jgr Any one', advertising bv animal or sonii.r-.
'. ^niju tfonlract citn change Lis- advertisement
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; cbnrg?d$l- SO. ? (April >u\ 1805
' I D y s j e p s i a,
" "? undersigned ts ;i>einx consulted by let7'*
' JL^ te^j^rojp an p^rta tiC the.Ujiion, by.thuee
vrbo ure/jmff^ngJrbtji $<ntzr*iA. ojid its
1 ncr(oUH..<dtbHity. Havitig tor the
1***$$? of Jncjjlcjue, turn,
to' the treatment. of
from .Mis large- cjqibv
^"-^M^tovinrtitute a peculiarity. of. treatment
->^at.wHL.ej^b]^ tlij? patient to tet, /?/,; and
treatment, that his
\\ i '.rv^pv^.has'already commenced. IIiis be a
;T^rytonga;!,.tliicst* low. of appetite, conatipni
vomltingj?is tfie
*?' Swm^T^tmturalh eat 1?is lie
' '^.^^MffiBbliZcWHpl^ sldCpleMnc'se,; starting in his
nol^ifhnVm?r. 1 mnoifi\A
heart, and
-catily out of breath .bv quickened exertions!
^'Uic^fe^, t%ro..,Pr Alirac day'a treat*
<x .?flSwywill^ofl^Quce,'t<?'ai8flppoar.
< */'_ ! ?$$ 00.\for firat con^ltaliotu
Med jqitie forvs'arqoU by mail, with
* full apd explicit written direction? of the course
."'ydf treatment ^c.f.to,"be pursued. Each aubse/
quent consultation .and medicine forwarded,
"^2 (K)V Jtf^^y rcimittod iu all instances should
V,;'bfl jti^^tared1 attliG poet office. All letters
:T ; addressed to the undersigned.
" ' WILLIAlfll \V? RLISS, M. D.f
,.V'_. ':" ,2b Beektaan Street, New Yoik.
his hearty and sin
Vulhcil Ijousc to tl?c firat-oiass Hotels of
He.tnkcs pleasure in announcing
\TOM?t llie MUlla House, Although new .add in
. ro-fittctj as to ^keop uj) with
or sojoura'
MISCELLANY.
[KOR THE ISDSFENDEfiT fltE*!}.]
To the Memory of Miss Sis Moragne,
wno DEPARTED TBIS LIFE ROME MONTHS AOO.
'Adorn'd with nil that heaven or earth could
. give
To make her araiablo."?Milton.
A little \rhile ago, nnd thou wert with us, Sis,
A,fair and lovely thing. But death
Una taken thee, and we, alas I u. left
To mourn as we have mourned for none before.
Thon wast to usa lovely one?e'en beautiful?
'And few tln-re were who knew tbee well,
lint loved thee well. Thou wert a mother'* .
Pride?-a father's love?a bud of hope to'
Thy fond-parents'- heart*. Thou wast to us
A faithful "friend, Qn honest one," and lu thy '
Friendly way thou wast a living truth >*>- 1
Of virtue, kindnoss?and too, 'tis well to toll,
, That.none, though poor, however poor, e'er
Turued from thee^with empty hand, or felt
The sting of slight, when in thy power to give
A boon, or still the sorrowing heart. ? And none
More ready e'?r than thou to platx for others'
Good, and throw the veil of charity o'er
Faults of those who err in human way and
Turn naidit from wisdom's path. Thou wast
. The light anl'joy of*al! thy circle, ti'nd'in
The festal throng thou wast the ceplre^hougut,
Awl fow there wero that locked upOn jthy
r..v.? ?...? 1 ?-.ir
MVV ??? ?><? UUIIJJVUCUI kUCU IU 1UUUUI J>rrtl3t".
Hut, Sis, dear Sis, we mourn to think that thoil,
So young iu years, wast toru away! Uiat thou
Wast called to die when life was in its Spring,
t When hopes were clustering round thy-heart,
When nil the future, with its scenes of joy,.
Was bright to tliee!" But thus it is with
Huainu kind; our dnys are few and-transient
Iler^pand^cn the youngest nfifl most promising
Must yield-to death; and nftcr death our state
No alteration knows; and up'to God,- tho
Prince of Peace, woTriakc our way, and tho' ~
For weal or woe we cannot tell, yet sure it is
There isa'.spot, a resting-place, n home
Boyond tho gtilf of death which seals our '
Solemn fute. $ut Sla, dear Sis,'tis good to"
Know-that thou didst choose the better part?
That thpu didst seek thy Savior in early day,
And find io Him afaitbful frieud?that thou v
Didst leuivp j^jc world a spirit bright.
Redeemed?that tltou hast gone up to thy rest;
And though we cannot bring ihee back, y?i
To thee wo nay farewell, and though we isiiss
Thee much, we cannot bring thee back, nor
Canst thou conic to ua again; nor, Sis, e'eu
Would we call thee Imuk, f<?r in this mournful
f
World there is too much of sadness for one
So good, so kind as thou. Wc give thee bock,
A gem of light, and when we reach that land
So fair, we hope, dear Si*, to meet thee thero.
C. ML
Carmel.
Speech of Hon. J. Foster Marshall.
On the bill giving the election of electors
to the people, in the Senate Dec. 1855.
Mr. President, when I submitted yesterday
. tbat amendment whitrh lies on your
.1^1. T. _i; a ? - - - -? - - - - 1
iuw>k,j ma noini inai time intern! to have
made any remarks upon the question now |
before t!ie Senate; but simply to indicate
the position I should take in regard to the
question of giving the election of electors
to the people. But as the subject has been
made tlie special order for to-day, I think it
i incumbent upon me to say a word or two
in &up]>ort of the amendment I have had
the honor of introducing.
' ' Thin question of change from a long settled
policy, Mr. Vretfidei.t, is a very impcr.
taut one, as all inuovations should be watched
with a cartful ?yo, and should not be
made unless there is an imperious necessity.
The question then presented for our consideration
is, does there exist any necessity for
fl chnnori* r ?liall uv? il.?
? - W IV kUU |H.C9Cllt
mode of appointing electors by a joint balS
'lot of both branches of the Legislature, or
shall we give the election directly to the
people? Those of us who are iu favor of
giving tlie election to the people, may differ
| upon the plans that may bo submitted for
I- that purpose; some-may bo in favor of the
f district "Rystem, and- others (?ud I nm of
^ that uuinber,) are in fovor of tho general
I system..*.\
p ;;.*1 "cplffseive, Mr. President,;tbat this neeesf
j?jty for <i change exists, from tho ve/y fact,
* tltat sitice the parage of the law of 1792
by this legislature, which prescribes the
?1 flrtr) innnn/if aP ?'-I--*?L
, .Mw?v hum i??r,ii?ivi n^jji/iii.uig-cii'oioni in
1 thwSwie, ?-lrt>k> of {Jon^reiwpateed tn 1845,
whieh.jp, pyJvl&SsWe judgment abrogates
the kiw of IV93.: .This ?6t of Congress
which > the . sjipr?*|ft.c i?w of tl?8 tend, pre*
\ feribed/<w4irtfprmr day. throughout the r#i[
U& ;1!^ Tuwtfay W'fore the first,
i IWday of. No?em her in ?*ery fonrth y*a&
t but *h^l?W of-1 >whi$? i? now jof foroe
' ipthe St^,' trppo>nt9df the day. for election
M to th?
of the State for electors, and be at 110 extra
expense, as the case now is. I any that
plan might have been pursued for all time
to come, if there had been no change made
bv Congress; and the people might have
submitted. Hut a change has been made iu
the time of holding the election, and if we
claim to he a part of the United States,
and desire to claim the benefits and protection
of tlio laws of Congress, passed in
accordance with the letter and spirit of the
Constitution, we must conform to the supreme
law of the land, which law demands
at the hands of tliis Legislature n. clmnrrf?
from tlie present mode of appointing electors.
The question ngain comes up, how shall
we make this .change? Shall we givo the
election of Electors to the people, or. retain
it in the habdaof this Legislature ? By
what authority can this- Legislature be convcned'bnthe
day fixed by Congress? I
differ from sorno of my honorable friends,
when Hbey say that tho,Governor has the.
right to convene * the Legislature .on that
day; arid in support of "their position, pbint
mo to, tho Constitution of this State, the
Governor can convene this Legislature for"
that event, which can be foreknown and
foreseen by this body. What .says thp Constitution;
which I hold in > niv'hand ? Thri
T3th clauso of the 2d article, says "Tljo
Governor may ou extraordinary '- occasions;;
convene the General Assembly, &c." ... Now
what, is the -true- intent and meaning of
those "extraordinary occasions," which if?
to call for the exercise of sut'h power-on
the part of the Executive ? Tike arifcyror
must be, it is such an occasion, or sbch- an
event, which could not have been foreseen
and provided for by the Legisluture; Bifch
as direful calamities to the.peoplo of the
State,>byr pestilence rami?o or fire?by pud-1
den revolution', on ^ho part of tho people j
against law and .order, or by a 6ervile in*]
suwection;. or such a financial crisis that
threatens to bring'ruin, upon thS, people.
There are events, "or''occasion*,? winch the
wisdom of men cannot- foresee -Th^y are
Events known only to Ilim who holds^.thc
deetiuy of nations in his hands. These are'
| |?n (C/ivt Mn /st'/'I'i*" * ' * '
vAiiavriMiul^ UOCUMUUb t'OlUClin pJftlOCt
by the letter and spirit-of the Constitution, j
ami I, as a lawyer, here undertake to say,
'that the Governor lias no more light, under
this clause of tho Constitution to convene an
extra session of the Legislature, to perform
that duty which was foreseen, and ought to
have been performed, than any individual
Senator 011 this floor. I usk, is the day
appointed by Congress, for the election of
Electors, not a fixed fact ? Docs not the
Governor know if ? Does not the Legislature
know it? Do not the people of this
State know i: ? If it is known to all, has
the Governor the right to say this is nn
extraordinary event, or "occasion?" Surely
not. He has 110 such power inherent cx vi
termini or under the Constitution.
But my honorable friend from St. James'
Santee, (Mr. Mnzyck,) says this Legislature
can meet of its own will and cast the vote
Tif the State. Did I misunderstand him?
Mr. MaZVck. I Said thftv nnnhl K?
fix on Another time. That is unnecessary
however.
Mr. Marshall. I maintain that this Legislature
cannot meet on the day fixed l?y
Congress, and cast the vote of the StaU.%
unless you after the Constitution. The Constitution
of this State expressly says, that
this General Assembly shall convene on the
4th Monday of November, annually, and
on no other day. How then can the Legislature
meet on tli<fday fixed by Congress ?
I think I have conclusively shown that the
Governor has no authority under the Constitution
; then there is no alternative left
but for this Legislature to give the election
to the peoplu, or alter the Costitution, and
nx anoiuer uay lor tnc meeting of the Legislature.
Having thus shown the constitutional
difficulties of the Governor having the power
to convene the Legislature every four years,
and of tho Legislature meeting of its ojyn
will and posting the vote of the State, as
insiiriifou'nt^JiJe, I now proceed to discuss
tlie plftiv^toposod in tho amendment I
have had^tho honor of submitting. The
first .section of the plan provides that the
people shall, after due.uptice, cast their votes
for aa many ^lectors. Ksthe S$\Lo - shall be
entitled to,c at1'tho timo of such elortion,
and the results of sajd ' election shall be
transmitted from tln? different districts and
parishes to t lie G overuor, who -in authorized
to oail oto 1?U a*ef?tanco theSeoretary of
State and Comptroller General for thft purposo
of ascertainingthe general result. To
die yoto of^tjiB freq white population, they
are to Irad y<Ste?v. fotpverjr five rUvcs
io each d&triift arid parish ana d&larp
result.- Tb^ jdi^ffiftiog of" tfa tlave pOpdl&fcftMfi
way inpon this election #Ql
Wr^.nl^f tSc^pw ^fta'dp-opdpgy, ?
rat*in?,tk? afl&we*?tr?ngiho{.?Jl.mcU6m
whenever they cau exeroibo it, it would
be an net of usurpation on llie psrrt of the
Government to withhold it." These are
truths which no"Senator on this floor will
have the rashness to question. If this right
is not denied, then I a*k. wliv withhold the
privilege from thepeople? Why seek to
interuosg yourselves ln-t wyen the people itnth
the electors? By wiihlx hliitir it. vou in so
many words say to the people, we cannot
trust such a great, privilege to.you. Yuu
are not sufficiently informed upon tlio political
qu^tions of tiie day, or the working
of.tbo machinery of our Government, to
cast n vote for electors. The duties and
functions of'President and Vice President,
are, beyond your conceptions; none bn ice,
the repr?$<nitf^i ves, can undfersthnd jthesg.
things : you had ..better attend, to <your*domestfc
affairs', and. leAvo _ thy tlmikjng and
voting to us, Tji^\re\he'invv.?U?b]e conclusions
you are obliged to come to,- or you
are obli^ed^-tp give the election to" ther p^r
? >? muu ujny iH*cn, wnen sucu
reasoning would have been tolcrat<Kl;but it
is- iidvf a ;libel upon the people" of'.this
State. ' ,The School hihs't^r luu been nbroa?J
in (his, Stnto . since the -ljtw, oT 1702 was
i passed giving you the.. right>to vote for electors
inslDpd of the people'. I iiiainlnin tbrif
Ihe light and knowledge which .have. been
diffused throughout flio lengthy kiid bYea'hh
of this. State. pnyyes connhisively^-to, iny
.iniiK^' lliftt liits" people, arc-, c apable ,ot
posting-the vote, ?3 the Legislature. . I^ook
jbaclcf on B'qni.e of'lite , elections that h.a?V
been made by this Lpgis'liituce, "arid' ?gu will;
: Mr." President, a!most ingroc: with that
we hjid, better give all , thc*e election*' to
ilie people., - T ' .
TheU? is another reason .why \ve should^
give thiV.fcleetipn to thy people. Tlio greater
the number of yotev scatta-ed^ over a large
extent of country, the less chance there is
for cliques,, caucuses find corruption, than
in n emails body, as is the 'case with nirr.
[.resent . Legislature, 4ir, *ns my friend Mr.
Cbesnut proposes* jii bis bill, of only one
hundred and : tweuty-fon^i. ih*u to'east tht*
vote." In lb<jse"RiX)a!l'bodi'-a thyre is everv
change for corruption ttnd of pervefting tbe
wUl of tho people*- '
^ Again, by withholding this election from
tho* people, wc pay they ar^ not 'capable
of judging for themselves, and it will (end
to demoralize tliein. I answer, tlint by giving
this election to (hem von create a new
I spirit of inquiry; and cultivate a new zeal
I and thirst for knowledge on their part. It
| is said by sotnte persons that not half the
I people of this State know what tbe questions
are in (he Presidential elections. The
! fact is, n large portion of the people, of the
State have been accustomed, for a long seI
ries of years, to look up to certain men in
j their respective districts for their political
knowledge and instruction. I want this
old system broken down, I want the masses
educated, and then they will become instructed
in the political i-*ues of the. day,
and be able to reason and reflect for them
selves. Thus they will be able to take ay
active interest in.all the various questions,
not only of.'politic, but of the arts and wienccs.
Biifcipttre of my frit-mis pay that
this political-education of the masses will
lend to the formatin of political parties,
and hence the demoralizing influence. I
believe, Mr. President, in political parties,
I believo tla-y are the only safeguard of
the liberties of the people. In whatever
i StaUi you find national parties, there you
find a pcoplo intelligent, and capable of
thinking and acting for themaelvea. I nm
one of those who are willing to vote any
reasonable amount of money for the education
of the.poor people; even to taxing
myself by au assessment, as my, friend
from Chester proposes in his Bill,iq order
that they .nay all become politicians/ - Vv
Tt..f ?3?
...J ...and II trill Ul, UHI1II? CttJItCV
(Mr. 'Jtfazyck) snys we ahot^^dh^Q^to
the old line of polic.y?the old m^baNtopted
by our forefjitbers, it is bet ter' to let well
alone. -I would "say, if we are to-fullow in
the old beafcu track of our forefather*,
why do-we uieot bore, year after'year, to
legislate for the progressive and. increasing
wants of our people? Why hnVe we
not been contented with, the law* passed
by our fathers previous to 18001 If "there
is no necessity tb depart fiorn Ijho old 'customs
aod habits of oiir fathers, why do hot
our people cart and wagon theiP^m>dn<te
from the mountains to the sea-board.-aft in
the old times ?- Why-these imtbvarious by
steamboats and railroads! Why not pursue
the old". bhe-hprse' mail bag system,
i n s tea d of- the.. Elect ri e Tel eg rnph ? Why
the innovation of gunpowder upon vtheold
mode of warfare of the-apjaeat Briton,
Greek and Ronmn I JP^by tli^pretenV improvement
:in. agr'w ultnre, ibe aria.and nx
-lUat lite *?i>U'ol
^wvpeojji? (tecb^sid
aisn progree?iv6,^m?VA?rcw ural
re op?^% ?pr?i? u* *qd ft* mutt keep Hjmve,
: or.tfo.wifi.bo left.m. Uie^-w^ke, <*f .ou'&i*#
in iho onwani, msr^h of ^uc/^on
| applicable in all cases, to the condition of
the people of the present generation.
Again, in support of the plan of giving
the election of electors to tlio people, I will,
for tho benefit of Senators, submit a comparison
between the up nnd low country as
to the relative strength of their vote under
our present joint ballot system, under the
plan of throwing the election into the House
of Representatives as proposed bv Mr. Chesnnt,
and under the general ticket system
The present number on joint ballot, iu both
branches of the Legislature, is one hundred
and sixty-nine votes, of these the lower
country wilt cast seventy-eight votes; and
the uii-eonntrv riinf-tv-oiuv lonuinrr ?,
i "J ' |
once of thirteen votes in favor of the up-1
country. ".'-If yonomit tbe Senato,' ns w
proposed, by tlie plan of my, friend Mr.
Cliesnut,' the lowei* country \yi!l cast fifty
five votes and (be up-country "sixty-nine,
giving to thcup'-conrttry a majority of fourteon
votes. According to my plnn (I quote
from, the census -of-1849, nndtnx returns)
tbe population, including tb6 slaves,- of the
lower country, is tyio hundred and, seventyfix
thousand'one hundred 'and- ftixty-four,
H| tlAt of1 tV.e up-country is three hundred
and eighty-three^ thousand - three linndre'd
and eighty, leaving a difference in favor of
tlio up-country of- one Jiundvtd arid/Uine
thbusand .t\Vo hundred and sixteen. Thus I
|t will btf^Sten Xliht.-thcup-country bias
(lie ndvnntag?^yjiiebever way you may-vrew
t he threq:^>lnns. Then I say if there is no
difference ~a?)(jtq the relative strength-of tho
tjvo sections, why not for tho lower country
corno and join, hands with us, and say to
the people you haver the right to cast your
vote" ' directly, fo> tho eloctore, ^and we.
wiir no longer .^withhold that privilege from
;you. Will: tlfey hot coKie forward in a
spirit. of coinprorpiae, if a Compromise is
necosdary, - and Come as a people of one
common.jintqrest, and common U03tiny, determihed'
td ^ivo the' pooplo ibyr'lqng-defvrred
rights ? . > "We-.may shift the 'question
as- wo please; we may disguise hnd hoodwink
the peoplo now, but tho time is coming
when they will me in vthe majesty of. their
RfrAnmH^n/l ? r *- * T
-....(j... iwu nurv IUI3 |ju?cr MVII1 JOll. I I
know there are Senators who feel perfectly
secure in their positionhere, and think, too
much knowledge and light among the people
is a dangerous thing, but I say to them,
the people arc awakening up upoij this subject.
They will not come here and beg
of the Legislature to grant them rights now
withheld by their own agents. They will
say, you have us much right to vote for
members of Congress, Sheriffs, Ordinaries
:md Clerks, as you have to cast their votes
for electors. If you have the right, they
will say, in the one case, you have it in all.
Is it not better that we should taks the step
ournelves in advance of any popular demonstration,
than to have this privilege wrested
from us by the sovereign will ? In a monarchical
form of government, you may
shut out light and knowledge; you may
trample under foot freedom of thought and
speech, but in this government, and under
tllA Kl-AOfl KIoTA * 1- ~ 1 A '
VIVIIU W1IM.W Wl VUUHU1UU, Ulf ngUL lO
think and act for ones-self is a right that
! will never be surrendered, by the people.
With thi'se remarks, I submit the ques!
tion to the serious consideration of the
! Senate.
??
1 Annual Report of the Q. <L O. R. R
Company.
, To the General Assembly of the
State of South Carolina:
In obedience to the requirements of an
Act of your honorable body, tfio Greeh,
ville and Columbia Raijroad Company submit
this "Annual Rcport ^xbibiling its condition."
' Vv\ .
Including the two ^ranches, one to Abbeville
and the oth? to Anderson, the
PilOfl Ifl Ana ? >!? ? ?-Jl? -
.o UIIU IIUUUIVU OUM m.\ijr-iuur II1IKJU in
length. It posses throuffh. tlie following
districts, to'wit: Riehls^'Fniifldd,>lLeXington,
Newberry, Edg^la, Abbeville, Anderson,
and Greenville, and otfej^jtsaid, as
a common carrier, with .its facilities and advantages
to passengers, to the entire northwestern
portion of the State,
The whole* coat of tho Rond. *xT? ?
in its construction *n<f
equipment is about'' $2,200,000 00
w* or (118,414 permilo,/ The
whole amount of Stock "
paid in is ; - 1,108,410 78
including the State Stock " ' <
I of ?348,100, reckoning it
at par vnine. f ; "-v
Amount 6f nswttmenl on .
V individnal Stock pnid itt > 160,059 00
Mak?og^ M
^/.8eiwmentt^jrtikpf? $1,8^3,469. ?o.
!'^o'jwrt^li%.wfeiwnton. :fte Stat?^
'! .IP I " 1 ' 1 , I' 1 LI?l U_L1 IUB
dividual Stock, vrns equally assessed. This
assessment amounts to $09,020. Predicated
upon this assessment and the faim of its
payment, the Company borrowed from the
fcank of the Slate a sum to cover the assessment.
The iuterest uuou this d^ tc^tbo Book .
has been regularly paid, iti advance, irfmry. _
ninety days. So long astho Bank was willing
to indulge tho Company on this debfv y.
it was easy in the matter, and uot disposed ~
to press the demand. But now, tho Bank
having expressed n desire to linvo ibis debt.
paid, the matter is brought . to the attention *.of
the General AssemblvV and it is. reanoou- ">
? , . t ^ ---r
fully asked to make Bowevprpvisiot* to^neet .
the ticn)(\nd,,atKV reliovo the Goinpnny. from : Z. a
its liabiH$'to the Bank. . . -?*/ <,9
The business of fhc Company is increai-j. . ' ."
ing and its income enlarging. From /tjbib t; < ,
neeounta.of the last fiscal vear^ rendered to.'' ,
(hoStockholdersi jrt their nnttual-mefitlog, it V
will appear thaCth^.incpmo exceeds that of : % !
the previous year by . $55,1 T7 33. -Since ?V.
that.statement wife niade,. tlie. business h^a "-'j
stilljjhereased, so that tlib income for the ,.. '.
lost month (0(. tobeV)'\vasSs?, 7 7 3 48 larger 5t
ihan that of the corresponding month of
hist year./ 1 . v *
. Iti the amount set down m hnvj^ig been, ia
paid oh account of exnenscs.-'in tl>? vonnw .. >?
, - , - * .^FV " ^ ?rrj'r, >is
included a balance duo fur expeusya for ~
flic pce.vionsyfnt, nu'H payments Mc'6r /
most of the permanent expenses of (lie pl-cs^ - ; ~
ent year. //The expenses prtjper for 'the jw , Vv l\
were only about $150,000- ' ",,j- Ie
. The income was'applied to, the expenses .
U>? .the Road, the interest upon the Bonds, ?
atia to the-debts of the 'Company. As -yet
the Stockholders have realized no beuefit *f 5
froiri their inveatinent( boyond I lint enjoyed- 1.' . ?
in Qomnrton with" all others who have pos?
sessions nerti*-the Kpr.dj or have used U, -'i
If the indebtedness of the Company were
now all funded, its jncorhe is sufficient- to ^ '
defray its expenses, pay. the irttorest on^the- " *. *r.
emiro ueui, and divide ut>6Ut six percent,, .
per mipu'm upou the :Siock. -Bitt untJl,th? if
debt is either, funded pr paid, it is believed ^
that it is the true policy of the Company to -<?v"
\ apply the earnings, first, to. the expepsep, .
land then to the debts, A premature pay- , _
merit of dividends would .only make the'' y Vt ?
Company poorer, "and, instead of advancing
the Stock, would necessarily depress if, and
with it nil our sec untie?.
The Hoad has now been in operation its
entire length for nearly two years, and: it. is
believed that it has fully satisfied all tlis
reasonable demands of the public upon it,
and has come up to the most sanguine hopes
f.f ;??<v;r.,wiu TI.? ?? *? ?
v. .w Aitw mono UUVU UUt'U COTlf
veyed with promptness and regularity, pas.
scngers have been carried in comfort nnd
safety, nnd tho produce andsupplies of the
country hnve been transported with great
promptness; in short, it has, Without vexations
delay, done nil the business that hns
oflcred. ?.
Since the Koad has been pnt in operation,
much attention has been bestowed upon
its improvement and repairs; where it
was exposed to .injury- by freshets, it has
been guarded, and where it was weak, it
lias been strengthened. These improvements
have involved heavy expenditures of
t money ; not less than one hundred tlioysand
dollm-s have in this way been laid out
during the present year. Anrongst these
improvements aro tho heavy works at:
Broadaway, in the neighborhood of Newbi'l
ry, on the Abbeville Branch, and in the
valley of Broad River-?which have given
great.value mid strength to the Road, andentitle
it uow to rank in Uic first c1q? oft
Railroads . _ . . " Surrounded
.by difficulties -of :ituinensjv
magnitude?pressed by pecuniary Jinbil.itieft.
duri'ug a mbiiey crjsiv prdtraetei^ beyond.
! nny that lias' prealed it-^tlier fnVndsof^lik
great enterprise,-.with an ardent patriofidVn;
and an enthusiasm that has never faltered.
have pressed it forward to its pre??^t*^n3^-.
lion of successful operation. v^'uUdsjt its
rc^oicings iiUhiB gratifying Company
is not unmindful of its <&liea|ton&: to fthe
State for its .aid and.pntronaewDJt ha? >
becu, and contin.uo. ^ ;
of the Company, fully to discJiargofoU Jit?* '
obligations; and itjs boped tbat t'b'a State
Mil bo doubly rtmjed fi/' nil fliat-?t1ia? "
done. Bcskloft the SKookin tho''CotapanyV ,
(wbiob, it isi>l'lieY?d, will- <6on jeacb^par .. i
v?luejyt ba* Jbe: jjjcrfl/ifiod fce?ftbi|ftpnM<$
by t|io^Koaftwjiitfb:is
bjo tb'orartJWW. of fls Hfttddttioii i
tferc^'ftiblatUffajiHon arising' flroinithe in- >
calculable 'advjftrtiigjeir / . jctrnferKkL*.upon a
iaign portiottof Its-cidzeria; Fork
rnqfe ininuto^nd -parli^hur: atater,,
mf.nt of tvo awSi