Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1852-01-15
For the G.IliDoli, journal.

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sidered an intruder in occupying one of your
columns. when it is remembered that new con-
Iverts are expected TO take the lead in meeting.
In the last Journal saw "RAilroad Notice, =
purpOrting to be copy of resolution passed
at a meeting Of the CorpOrators Of the CALI
polls. jackson and ChilIieothe Railroad Compa-
ny, held at GalIIpolis on the 25th Of December
iast-that books for subscription to fhe stock
Of the GaIlipoiis, Jackson and Chillieothe Rail-
road would be opened on Monday, the Cd Of
February next, at John Hoy's Hotel in CALI
lpolis; D. G. Whiton's, Raccoon township; I;
Elias Longs, Jackson c. H.; RicbmoudaIe and
IChillieothe To this no honest man can have
any objection; provided no fraud is connected
with the operation; but. as understand equi-
ty, where fraud forms any part Of a transae-
tion, the whole is vitiated. The 7th section
Of the act sRegulsting Railroad Companies,n y
passed Feb. IL, l648, requires that $4,000 Of
the capital stock Of said eompsny be subs Tibed
before the corporators are authorized TO call
Injecting OF ths Stockholders for the purpose Of
leleeting directors, and permanent Organiza-
tion. The 4th section Of the act requires an
instalinent Of FIRE dollars to he paid on each
share Of the stock at the time Of making the
Subscription, and the residue to be paid in in
lstalments at such times and places as the di-
rectors may require. The % section of the act
provides, that the capital stock Of the Compa-
ny shall be divided into shares of fifty dollars
each; this will give 1000 shares and the pay.
ment of FIVE dollars, upon each share, at the
time Of subscribing,wil make the sum Of $4,000,
this sum of money will remain on hand until
the residue of the capital stock. $3.50 900, is
Isubscribed-for it would be madness TO attempt
he of he IoTIo
Of the capital stock was subscribed. and that
too with a certainty that il would be paid when
required by the directors. Fifteen thousand
dollars per mile is low estimate for construct.
ing Railroads. and forty miles, the shortest dis
tance that can be made, by the heferoposed route
to the "Scioto and Hooking Valley Railroad ~
At this estimate it would require 600,0 900 dol
lars, the amount Of the capital stock, author
! lied by the act Of Incorporation. / am in
formed that the corporators of this comsanv|
have conceived project for securing the capi.
/ tai stock somewhat in this wise: Open books
at the places named in their resolution, above
referred TO. and induce subscriptions under the
assurance that as soon as the sum of $4,000
dollars is subscribed the company will orzanize
under its charter, by electirg directors. &c,
who will sell the remainder OF the stock, 550,-
900 dollars, say in Wall street. which viii be
Z
bers of the 50.0n0, to effect the organization
of the company, viii not be called upon FOR
payment, or if called upon at all, it will be for
4 small dividend. Nov il am correct in this
information, the .frft, and perhaps greatest Oh
lection 10 the project is, that IL lcoR't trork
seeond objection is, that it would be prqeti-
eng fraud upon foreign stock jObbers; Of
which, however, there is but slight probability.
IL this information is not correct suggest the
propriety Of the Corporatnrs, or some of them,
communicating, through the county newspaper,
10 the public, the whole matter, that people |
may consider. Presu ming that my information /
is correct, | submit, whether such proceeding |
can find parallel since the organization of the !
Banks Of Gallipolis, and Cire. eville. hope, |
for the honor Of the county, and those con-
cerned that my Information is without foun-
dation; that when Stock is subscribed it is
with the understanding that it is to be paid
when called for, and fiat the Stockholders are
fully able to make payment, and not seek ref
uge under homestead exemption Latrs. In the
last Journal reference is made 10 an article in
the Scioto Gasette, (Which article is published,)
relative to the proposed route of the Hillsboro'
road TO the Ohio. In that article, the distin
guished Editor of the Gazette, has seen fit 70
belabor the Directors and Engineers of the
HIllsborO' and Belpre road, in no complimenta-
ry terms. He calls them horseback examiners,
and snys that $50 long as common sense has any
thing to do with Railroad matters, hat line
win never be built" Friend Ely seems TO
think that Chillicothe is the centre of eraritv;
and ''cannot suppose that the shrewd men Of
Baltimore will take il upon themselves to build
rival line to the Marietta and Cincinnati
road. from ParkersbRrg over and among the
worst hills in Southern Ohio" One would
suppose, after reading the above quotations,
that the route of the Cincinnati and Mariet-
ia road, from Chillicothe TO Marietta, via
Athens, over a level plain. but some Of us
have travelled over them Athens hills more
than once, and know it TO be the most hilly
route that has been proposed in the State
The Editor of the Gazette is either entirely
Ignorant of the hills and valleys of Southern
Ohio, or missfa'es the facts in reference to I
them. He exhibits his lconled nlofesiv in re- I
ferring TO the 'personal feelngs'' Of the En-
gineers on the Hillsboro' and Parkersburg road
Messrs. Latrobe and Morris. Your article
with a very sensible rema ( "that !
either one or both Of tbes roads viii offer us .
least within The distance of
forty miles,
The Meigs County Telegraph, Of the 9Th
inst, contains some sensible remarks on tbe s
snbject Of the proposed route Of the Hillsboro' :
and Cincinnati road, and Of the rival routes Of
the Cincinnati and Baltimore road Van. has
a happy way of saying things. and speaking l
truth withal-hear him: From the tone Of (
the Hillsboro' papers, it is evident that the n
day of grace with the Chillicothe, Athens and
Marietta road. 50 far as a Baltimore connee-
tion is concerned, is past" He says furiaer:J !
'Any one at all conversant with the formation
1f this region, knows that the nearer you aD-
proach The Ohio. the lower the SUBMITS. This
IS fact known to all. The great bend in the 4
Ohio. on the vortex of which Pomeroy is sitia- !
ted throws the course Of streams into a most I
singular combination, Instead of crossing a
summit between the waters of Shaee river and 4
those Of the Raccoon and fther Southern ;
streams, where the greatest difficulty was ex-
Deoted, ihe route enters valley running par a
,Ilel with the Ohio river for several miles. q
reaching the waters of Shade by a natural r
track" 4
The Hillsboro' Gazette, in referring to the !;
,rticIe in the Chinicothe Gazette, on the sub
ect Of "following down Sunhsh creek, to lis Z
mouth near Jasper, and then screwine into the 6
Beaver bills, as best they might" SAYS it is n
without foundation in truth
viii conclude this communications by pro-
pounding very plain question, asked in all
sincerity: How far is an editor expected to
1--WE facts in regard to railroad mattersi
FAIR PLAY. ,
Legislative.
In the Senate, Williams, of Sene-
"a, was elected President pro. tenn.
y d ELL -f ELI:- /,