| From the Yorkville (S. C.) Enquirer |
| |
| January 7, 1863 |
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| King's Mountain Railroad Company |
| The proceedings of a late
meeting of the Directors of this company, will be found in our columns
to day. The report, though brief, is highly satisfactory, as it will
be seen a dividend of 5 per cent. on the earnings of the past year
($10,160.00) has been declared, leaving in the treasury a balance of
$11,088.52. When it is taken into consideration the great diminution
of freights, owing to the war, to meet which the increase of travel is
by no means commensurate, we must give credit to the controlling power
that has contributed to the present state of the finances. |
| Mr. Rose owing to the
importunities of Duncan, McRee & Co., who have just commenced iron
works, on a large scale, in Chatham county, North Carolina, has
undertaken the position of Superintendent, and thus resigns the
Presidency of the road he has so acceptably filled; while he carries
into his new situation the experience of many years in Spartanburg and
Gaston county, North Carolina. W. A. Latta, Esq., is the temporary
President; we doubt not he will use every endeavor, and spare no means
to render his road a safe conveyance and good investment. |
| Columbia Guardian |
|