The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1850-02-15
GAINESVILLE and MnysviIIe Road.


uncorrected, is calculated to do great injustice to
those gentlemen whose official duty twas 10 pre-
sent to the Legislature the bill now pending oe-
fore il for the sale the Zlnesvile and Maysvllle
Turnpike Road, aud to provide for the payment
ofthe debts Of the corporation 10 prehicin6 the
very proper aud timely note OF SenatorWHlTAAS'
giving notice of the pendency'of said bill, and adj
vsing the creditors of the corporation not to sac
rifice their claims the Editor Of tue Eagle re-
marks:
eve publish the following Card from Senator
Whitman, for the benefit OF all who are interested
in this movement We have not seen, nor do we
know anything OF the nature Of the bill introdu-
ced Who is To be benefited by this transfer
should it be madei We are disposed 10 think
that this scheme has been concocted by set OF
skarpers. We know several individuals in these
parts, who have been buying up scrip at great
sacrifice to the hoders-say from 10 TO 80 cents
on the dollar. We learn, from pretty good au-
thority too that all or nearly aH owned in this
county, has already been bought by these specu-
latOrs, and they are the ones we fear, who are at
the bottom Of the project"
| do not believe the Editor of the Eagle would
wilfully misrePresent the truth in this natter
But that his suspicion has done great injustice TO
fair and candid judgment Of mis- fellow-men,
squite evident. That since tho sale Of the Road
has been agitated by those authorized to do so,
there have been some of the debts transferred to
purchasers intending to make speculation either
by the purchase of the Road itself, or by selling
again to others who should buy il, is certainly no
very cogent or satisfactory ground for making the
very grave charge that these spectators were
''dt tie bottom cf4e project" or that the sale OF
theRoad has been concocted By a set ofSharpers,
The measure was adopted under high seuse OF
duty, both to the creditors Of the company aud
the public. These creditors have been delayed
in the payment of their just demands for peri,
cd of more than ten years without the slightest
hope of ever realizing their pay in the present
embarrassed and insOlvent condition OF the com
pany. ......
Now, the facts of the case are as follow: Al
the annual meeting of the Board of Directors Of
the Company. composed of Directors chosen by
tile bodyof private stockholders and appointed by
The Governor on the part OF the State, held in tue
City of Chillicohe in May, l849 it WIS uadRi.
mously resolved by the Board, that committee,
consisting of the President Of the Company, and
ID. C. Guthrie, Esq OF Putnem; Col. J, Madeira
and Gen. c. Rowe, of ChillicOthe, and Mr. Shnn
of West Union, should attend at Columbus during
the then next session of the Legislature, and en-
deav0r 10 procure the passage of law for the sale
of the Road, ut a sum not less than sufficient L
pay the entire Indebtedness Of the Company ant
with such obligations npon the purchasers a,
would ensure, at least the building of goot
and sufficient bridge across Jonathan's creek, il
Muskingum county; the completion of the 81,
, unfiu ished miles in Perry county, and the five un
finished miles in Fairfield county In accordance
: with this resolution the committee assembled al
the Capital fortnight suce; and under the in
sructiOns OF the committee, | drew up the bill
reported by Mr.. WHITMAN last week in tile Sen
ate. The bill provides. that the entire Road sla
be offered at public sale, after sixty days notice
to sell for sum not less than sufficient to pay
the whole debt of the corporation, with an obi
COTTON ON The purchasers 10 finish The entire road
within given period. limo sales effected at thi
Offering, then ii is to be offered "A second time at
. terra like notice; and in the event of there sill
E being no sale, tiem so much OF the Road as lie'
: between Znnesvie and ChillicUtlle, is Ia be ol
fered provided it shall sell for sum not less thai
sufficient to discharge the whole debts of the com
pany. aud the expenses the sale the purchaser
3 being bound to erect substantial bridge acrns
! Jonnthans creek, and complete the unfinished
portions nl the Road between gainesville aud Chi!
cOthe, within Two years alter the confirmation o
= the sale; with certain penalties upon the purcha
e sers to receive tolls should they fail to cumpl,
n with the provisions OF the law. within the tm
~ prescribed. | quote these main features OF lh
bill from memory, not having copy before me
: and may not be strictly accurate i'll detail.
There were several considerations which press
: ed with great force upon the Directory, in the
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