| From the American Railroad Journal (New
York) |
| |
| September 2, 1865 |
| |
| p. 825 |
| Columbia & Augusta Railroad |
| This road was begun during the
late war, and would have been carried on to completion had not the
unexampled depreciation of the currency of the South compelled perforce
a suspension of the work. |
| Its officers are: President,
Wm. Johnston, of Charlotte, N. C.; Chief Engineer, Fleming Gardner;
Secretary and Treasurer, Henry Moore, Augusta, Ga. Length of road
seventy-nine miles. |
| The financial condition of the
company is as follows: |
| Capital paid in |
$500,000 |
| That is represented by -- |
|
| Graduation finished |
$ 70,000 |
| Cotton on hand |
425,000 |
| Mules, carts, etc |
5,000 |
|
| The amount required, in
addition to the above, in order to complete the road, is $1,000,000,
which will finish and stock it in a first class manner, and enable the
company to erect permanent iron bridges over both the Congree and
Savannah Rivers. It is proposed to increase the capital stock to the
above amount. A glance at the map will show that its character as a
paying investment is guaranteed by its geographical location. It is a
link which saves in one stretch fifty-six miles of distance in that
great Southern Metropolitan line of railway, which, starting from our
National seat of government, passes through seven Southern States, and
through the capitals of five of them, to Marshall in Texas, where it is
merged into the Southern Pacific Railroad. Owing to the topographical
features of the country, this route is about the shortest practicable
one -- the sum total of reduction of distance over the old route being
158 miles between Richmond and Macon alone. This is divided as below: |
| Completion of Danville extension |
52 miles |
| Columbia and Augusta, when completed |
56 " |
| Mayfield & Milledgeville, when completed |
50 " |
| Total saving |
158 " |
|
| When the two cut offs, ie, the
Augusta and Columbia and Mayfield and Milledgeville road, are finished,
the traveller going South will pass through Richmond, Danville,
Greensborough, Charlotte, Columbia, Augusta, Milledgeville, Macon,
Columbus, Montgomery, Selma, Demopolis, Meridian, Jackson, Vicksburg,
and Shreveport, to Marshall Texas, and with facilities for connecting
with nearly every railroad in every State he passes through. |
|