| From the Augusta Constitutionalist |
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| July 17, 1863 |
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| Columbia & Hamburg Railroad |
| In a notice in another place
it will be seen that books are now opened for subscriptions to the
stock of this Company, at the store of H. & J. Moore in this city.
We cannot doubt that the proportion necessary to be raised in this
city will be promptly taken. The entire capital stock required is
$100,000; and it cannot be doubted that the road will be a profitable
one. It shortens the distance to Columbia about one-half, and will
reduce the time from eleven hours to three. It will constitute, in
connection with other lines being built, a great central air line
through the heart of the Confederacy. |
| The charter and conditions of
subscription are most liberal. The stock is exempt from taxation for
fifteen years, and interest will be allowed from the time the Company
is organized. |
| We learn that contractors are
now ready to do the work, taking half the amount in stock. The hands
on the Danville road, and on the Augusta & Macon road, will be
ready to go to work, on this road after the 1st of October. So there
is no difficulty on the score of labor. All that is needed is prompt
action by the capitalists of Columbia, Augusta and Hamburg, and along
the line. We learn that our trans-Savannah neighbors are coming up
liberally; we trust Augusta, who is deeply interested, will make a
response in keeping with her reputation for enterprise and ???. |
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