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MY DEAR ANDREW, . . . Co'l Gadsden is with me, on his return from a meeting at Ashville of the direction of the rail road. Not a sufficient number attended to do business. They adjourned to meet in November in Charleston. Tennessee has withdrawn by mutual consent, from those concerned, and all idea of going beyond Columbia openly abandoned. Thus ends the humbug, with a debt of several millions on the state, great loss to those concerned, and the loss of credit and mortification to the projectors. If I could triumph, when state and friends have suffered, what a triumph I would have!
The Co'l is getting along well. The road to Columbia will be finished next year, and, he thinks, will pay; and the stock of the company, now that common sense and honesty have the direction, is on the rise; and will probably be at, or above par in a few years, notwithstanding all the losses.
As to the election, I should say from all indications N. York will decide the contest, which ever way she may vote. It is certain, that let who may come in, the administration will be weak, which is perhaps the best result for our principles and interest. I would fear a decided victory and a strong administration either way, under existing circumstances.
- Fort Hill
- Source:
- Annual Report of the American Historical Association for the Year 1899, Calhoun Correspondence.
