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taiuty. "When that is completed, and one or two short linea in
Tennessee and, Kentucky, which are now being constructor!, .th? j
co?i?cc???ii oy that lme will be complete with Cmcinnati, Louisville,
and the entiro North-west. The distance from Greenville to Ashe
rille is about 60 miles, and by experimental surveys, as we are
informed, has been found to bo a practicable route and of as. easy
grade os at any other point of crossing the Blue Bidge. The whole
line across the mountain could most probably be constructed with?
out a tunnel. Then the construction of an extension from Green?
ville to Asheville .will be of immense value, not only to our road but
to the whole State. Tho citizens of Western North Carolina look
to this connection with tho deepest interest and anxiety, and should
be met by us in a corresponding spirit-taking hold of the first
practicable scheme that may present itself for commencing and
completing the line. A connection with the North-west by railroad
is of the greatest possible importance to the section of country
through which our road passes-not only to the road, which would
at onco be placed on the list of roads of the first importance, but
to the whole people-as the great lever for developing the resources
of the country and stimulating the energies of the people.
The following is a statement of the bonded debt of the Company
on the 1st day of January, 1868, and also of certificates of indebt?
edness issued in 1867 under the Act of the Legislature and the
Of the original $800,000, first mortgage bonds, there are $326,000
outstanding and not retired, as follows:
Due 1st January, 1862. $3,500 00
1st July, 1862.. 12i500 00
1st July, 1863. 151,000 00
1st Murrh, 1864. 159,000 00 $320,000 00
Bonds guaranteed by the State under
the Act of January 28, 1861, viz:
Due ls'o July, 1881.$134,000 00
1st July, 1882. 77,500 00
1st July, 1883. 38,600 00
Under the Act of December 20, 1866:
Due 1st July, 1881.$116,000 00
1st July, 1882. 172,500 00
1st July, 1883. 85,500 00 $621,000 00
Bonds not secured by mortgage or other
Due 1st July, 1865.$278,000 00
1st July, 1868 . 226,000 00 $504,000 00
Bonds issued under Act of December
20, 1866, second guarantee, viz:
Due 1st January, 1888. $25,500 00
Bonds under second mortgage, due 1st
January, 1888. 42,500 00
Certificates of Indebtedness, Acts of
Legislature, guaranteeing same, due 1st
January, 1888. 196,169 16
Certificates of Indebtedness under second
mortgage, due 1st January, 1888. 2,420 20
Coupons outstanding on first mortgage
bonds and interest on the face of bonds,
from maturity to 1st January, 1868_$123,112 50
Coupons outstanding on guaranteed bonds
to 1st January, 1868. 94,645 84
Coupons outstanding on non-mortgage
bonds and interest on the face of those
past due, from dato of maturity to 1st
January, 1868. 153,592 26 371,350 60
. $2,091,939 60
Thc following is a statement of exchanges of bonds and funding
of conpons and interest for thc year 1807, and to Apiil 1, 1868,
under thc Acts of the Legislature of January 28, 1861, and Decem?
ber 20, 1866, and also under the second mortgage executed May 1:
Guaranteed bonds, Confederate States caption, exchanged, viz:
Bonds due 1st July, 1881, in 1867, 232; in 1868, 23
" 1st July, 1882, in 1867, 345; in 1868, 37
" 1st July, 188:}, in 1867, 171; in 1868, 23
Coupons of mortgage and guaranteed bonds funded in guaran?
teed certificates of indebtedness, with interest on same:
lu 1867, coupons.$162,691 66
Interost. 25,193 9S $187,885 64
In 1868, coupons. $13,580 00
Interest. 1,864 40 $15,444 40
Coupon bonds not secured by mortgage, coupons from bonds and
interest thereon, surrendered at a reduction to one-third, and gua?
ranteed bonds and certificates of indebtedness, issued wider second
OrtHl l"llit?n -."../?
JJ ... ..-.?..V , . Xl, .
142 bonds due in 1865 mid 1808, $500 each. $71,000 00
Coupons. ' 17,675 00
Interest on past due bonds and coupons. 12,780 24
issued 51 guaranteed bondsj $500 each.^25,500 00
guaranteed certificates of indebted?
ness. S,283 52
Amount of reduction or bonds and interest. 67,671 72 101,455 24
lu 1868-29 bonds due in 1865 and 186s, $500 each. .. $14,500 00
Coupons... 9,865 00
[ntorost oh pasl due bonds and coupons. 1,662 58
$20,047 58 1
Issued 10 guaranteed bon?^ $500 each_$5,000 00
" . ?Arf.?cates of indcbt?du?sH._. X,685 86
Amount .of reduction on bond and interest. 13,861 72 20,017 58
Coupon bonds not secured by mortgage, coupons from bonds, and
interest thereon, surrendered, exchanged and funded in new bonds
and certificates of indebtedness, under second mortgage, at par:
In 18(57-50 bonds due in 1865 and 1868, $500 each. .. $25,000 00
Coupons. 10,797 50
Interest on past due bonds and coupons. 6,883 60
Issued 82 bonds, at $500 each._$-41,000 00
" certificates of indebtedness. 1,681 10 42,681 10
In the last annual report it was stated that the Board of Direc?
tors had directed the President to execute a second mortgage upon
the property and estate of the Company for $1,500,000. In accord?
ance with their direction, tho mortgage was executed to C. D.
Melton, Esq., of Columbia, as trustee, bearing date May 1st, 1867,
and was properly stamped and recorded in all the Districts through
which the road passes. For a statement of the bonds and certifi?
cates of indebtedness issued under it to April 1st, 1868, reference is
made to the bond account furnished in this report, and also to the
Auditor's Table No. 1. Tho bonds and certificates under the second
mortgage aro offered in payment of all claims against the Company,
of whatever kind or nature, not secured by prior liens, without pre?
ference to any creditor or class of creditors.
For the information of stockholders, it is proper and due to them
to state the nature and condition of the several cases of legal pro?
ceedings which have been commenced against the Compaq.
On the ovening of the 2d day of May last, (the date of your last
annual meeting, ) service of a subpoena was made upon the President
by the Sheriff of Richland District; in tho matter of Charles M.
Furman, Trustee, et al, against the Greenville and Columbia Rail?
road Company; a bill having been filed (on the same day) in the
Court of F.quity for Richland District, to foreclose the mortgage.
Tho parties whose names appear iu the bill, and at whose instance
tho bill was filed, (as it would appear from tho bill,) are John Cald?
well, T. J. Robertson, John P. Southern, Robert N. Lowis and
Charles Smith, representing about $75,000 of bonds, secured by the
first mortgage. A letter*, however, had been received from C. M.
Furman, Esq., Trustee, dated April 22, 1867, in which ho says: "I
have received from Col. Perrin an application for my assent to tho
filing of a bill in my Darno as mortgagor against the Greenville and
Columbia Railroad Company, on the part of holders of snndry
bonds." The case was continued at the last term of the Court of
Equity for Richland District, and an answer to the bill has been
A portion of the holders of State guaranteed bouds, which have
been substituted for first mortgage bonds, under the Acts of the
Legislature of January 28, 1861, and December 20, 1866, have filed
a bill against C. M. Furman, Trustee, aud the partios whose names
appear in his bill, against tho State aud against the Company, claim?
ing that they hold the lien under thc first mortgage the same as if
they held the original bonds, and cannot bo excluded by any pro?
ceedings under the first mortgage. A copy of the bill has not been
furnished to the Company, but it is understood that objection is
made to the foreclosure of the mortgage.
Tho State, by the Attorney-General, has filed a bill against tho
Company, C. F. Furman, Trustee, and the parties whoso names
appear in his bill; against the parties complainant in the bill filed
by thc holders of State guaranteed bouds; against other largo hold?
ers of first mortgage bonds, and against all other creditors of the
Company. The bill, by its title, is "Information in the nature of a
cross bill, and bill for injunotion and relief.*' lu this latter bill
objections arc made to the foreclosure of the mortgage, nud in pur?
suance of it an order has been made by thc Chancellor, by which the
further separate proceedings in tho suit of C. M. Furman, Trustee,
aud tithers for foreclosure, and of the suit commenced by tho hold?
ers of State guaranteed bonds, have been stayed: and thc suits
commenced against tho Compauy at law by Thomas C. Perrin,
Executor of James M. Perrin; John B. Earle and George Sims,
enjoined, and all persons restrained from instituting suit agaiust
the Company, and the several causes in Equity pending against tito
Company consolidated with tho ease instituted by tho Attorney
Reference is ruado to thc Auditor's Balance Sheet No. 1, for tho
condition of the Company's assets, &o.; and to the tablo of the
Treasurer, No. 2. rfiowiug the receipts aud dibbursoments for tho
year. These tables furnish a very plain, full and satisfactory state?
ment of the accounts iu their several departments.
Reference is also made to tho report of tho acting Genend Super?
intendent, for information in that department-his service only
commencing on the 1st November, his report of tho operations of
thc year will necessarily be limited, ft afibrds much pleasure to
bear testimony tu his industry and perseverance, as displayed, and j
his devotedness to the interests of the ( 'oinpany. The employees in j
all departments, taken as a whole, have exhibited an energy and |
dovotodness lo thc interests of the Company, anda courtesy in their j
intercourse witli the patrons of the road, in their several depart?
ments, rarely excelled, aud which entitle thom to your conlidence
It is a matter of regret that it has been found impossible- t-> com?
ply with your recommendation at your last annual meetiug, to i
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In the District Court of the United
States, for the District of South
J? the matter of Dennis McGuinnis bank
I rapt, by rchom a petition for Adjudication
of Bankruptcy wa* filed on the hnenty
I seventh day of February, A. D. 18C8, tn
i said Court.
I IN BANKRUPTCY.
THIS is to give notice, that on thc third
dar of April, A. D. 18G8. a Warrant in
Hank rup tey was issued againut tho estate
of DENNIS McGUlNNIS, of Columbia, in
the District of Richland, andStatc of South
Carolina, who has boon adjudged a bank
J rupt, on his own petition; that the pay?
ment of any debts and delivery of any pro?
perty belonging to said bankrupt, to him
j or for h?8 uso, and tho transier of any pro?
perty by him, are forbidden by law; that a
meeting of the creditors of tho said bank?
rupt, to prove their debts, and to oho ote
one or more Assignees of bis fostato, will
be held at a Court of Bankruptcy, to be
holden at tho omeo of Fielding A Pope,
Columbia, S. C., before Henry Summer,
RegiBter, on the twenty-second day of
I April, A. D. 18$8, at II o'clock A. M.
J. P. M. EPPING,
! ?. 8. Marshal as Messenger.
Per GEORGE LAIISEN,
April 12 mtli3 Deputy Messenger.
ks?, Vf fri/
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sf cS fi, . 1 S ,0 fe EZ O - L
iCB? ~ o f? c S2 g ? 4
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! No other torin of Neuralgia or Nervous
Disease lina failed to viold to t li ir*
WONDERFUL REMEDIAL AGENT,
i Even in tho severest case? of Chronic
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monta-of many years standing-affecting
the entire Bystcm, it? n.so for a few divs,
<>r a few weeks at tbe utmost,, always af
I ford? tho moat astonishing rolit f. ami very
. rarely fails to produce a complete and p'.-r
j manent cure.
j It contains no drugs or other njlteriala
; in tho slightest decree injurious, Oven to
the moat delicato system, and eau always
I be used with perfect safety.
It has lon? been in constant uso by
I many of our most eminent Physicians,
who givo it their unanimous and unquali?
Sent by mail <n receipt of price, ar.d
One package, $1.00; Postage fi conta,
Six packages, 5.00; " 27 "
Twelve packages, D.00; .. 4$ "
lt is Bold by all wholesale ami retail deal?
ers in drugs and medicines throughout t>io
United States, and bv
TURNER A CO., Sole Proprietor?
120 Tremont street, Boston, Mass.
Jan 7_ inthemo
To Suihiers, Contractor ? aud Pro?
HAVINGlooated convenienti; ..;.>
principal manufactories < f'Nen ? ?rk,
and vicinity, the subscriber will give
prompt personal attention : procuring
for orders all kinds of WOOD, IRON and
MARPLE WORK, for buildings and ma?
chinery. Saeb, Blinds, Door* < irvii II .
every kind and material. From twelve
years professional experience .-. South
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snit tlie wishes ,if those building.
TAOS. C. VEAL, Vi Iii!
Tonally, Now .1? v
Mardi 2i? .Imo Late of Colnn bin, - 1
With a full supidy cf Lamp < Uimoe;
.ianio, boiii;; the !??.*>11 limers ( ir 1 ;^i?ser^
amistar oil now iu uso. Juni V chived and
for ?nie b; .'. X ; \ i NEW.