The miners' express. (Dubuque, Iowa) 1849-1854, 1852-05-05
ILLINOIS AND MISSISSIPPI TELEGRAPH
COMPANY.

as IL d SUBJECT IN WHICH all our business men |
feel more or less interest
ILLINOIS AND MISSISSIPPI TELEGRAPH
COMPANY.
ALroS, April :, 1s52
Pursuant to resolution passed by the Eyecu-
tive Committee at their last meeting
meeting of the Directors Of the Company
was h'ld at thr city OF Alton this day. Present.;
FaAScIs VoRIs, of Peoria President; ID. !
Cation, of . tawa; E b. Talcou, Of l. Eek Irt;
Is, Gillett, of Jacksonville; John G. Fooie, OF
Burlington; A. Campbell, of Sprinef Id, Tirno
ny Mason, If Dubuque: B +. Johnson, Of Ga
lena; Isaac G.. Dav, of Peru; and John Mel IN
AID OF Beard>tnwn.
The President read to the Board of Direc-
tors the following message, viz
To the Board Of Directors Of he
M. mil Mss Telegraph Company-
GENTLEMEy The ti,ne OF the seni-annual
meeting the Directors Of this Company has
again arrived. and with it | am pleased TO see go
large al a-teniance of our members
Il is believed hat the business and aft IRIS of
| his Company have come 10 crisis, and one
| that viii call for much thought, sound discre
ton and good feeling IN the part OF the mein-
| hers OF the Board With ut this, and the ad p
| ton of some thorough and even rrvolut onary
measures, it seems To- ME that a must be paral
yztd if n It altogether abandoned We have
been applying palliat,ves aud temporary meas
ures ever since We have had an existence as
Company, AID have been gradually and surely
declining in eur mans aud lesou ces, 60 r, s.
pondna with the magnitude of the concerns OF
the Company, until IT is believed that any fur
| ther attempt at palliation Ill hasten and aggra
va.e our ruin and dishonor. Now, IN order to
avoid IN measure such event, it Is be-
leved that the lines aud business of the Com
p,ny had better be severed ito Three Dv-
SONS: say the main linz, from ST Lonis to Chi
cago, into on; and the line from Dubuque t"
Peru, into another; and the line tron Jack on
vile tn Rock Island, into a third and lei each
Division be controlled and owned by different
Companies, Directors, &c,
How this can be done, to make a cnmplrt.
severance OF the Company and its interests,
will be for this Board To determine and devils,
l. seems to me That cannot mliutain the
Inc together any longer und.r its present or-
g,nizntio "a we are now under large aud null
uplird big I'll ms, and tn So ally increasing
so much so as to br appalling to hose who have
the fiscal and other m tnagement o. our affairs
The Necessity for the divi ion OF in erests into
sections, above suggested is manifest upon
a moments c"nside alton OF the affairs n con
dtIrn # tn Company. In site OF thu utmpst
-xrrinns OF the Executive Co nln,tiet, and tn
exercise If the most rigid economy, we have,
indeb; edneSs several thousand DOH RS This
may be at ribul, d almost entirely, t., the d lapr-
, da ed cnndi ion of The Ines for, during the
|, sec md year of the existence Of she c. nnpany,
we not only paid exp nScs, but paid off most OF
our previous indeptedn SIS; and vet, with The
greater experience whic we possessed in III
management of telegraph business, and i'll
more unreInit ed exertions on the part f the
Executive Com ni,;er, the receipts OF the Com
p,ny have not only been insufficient TO meet
our I'm Mediate expenditures, but the deficit l.
so great as to leave NJ hope of our ever brin l.
able to pay our liabilities and build the lines
without direct aid from h. business men along
the lines who are int ested in the con inuance
of the Telegraph.
| have suggested the above opin ms, becaus
It seems to mr that each might be consider d as
Pc 'sesslng, at least, 10 some extent srperate
and distinct Interests; and 1T cerla My cannot
be expected thai business men will raise more
MONEY to bu Id any portion o.! our lines, I'M
less they feel dlrec AMI immnd,a'e int rest IN
lis cont,nuancr. We certainly cannot ask The
citizens Of Burlington to ,ntrbne money 10
rebuild and sustain the line from Dubuque tn
Chca o.
The continuance of The existence Of the Tele
graph has become, with me, Practical qups.
lion, as one of necessity; and it is for the wis
d'm OF the 'ard adopt such measures aS
VIII be most likely 10 induce those interested to
come forward and contrib butte the necessary
means to reconstruct the lines. If thss cannot
b" done, there is, in NV jndgmen', but one other
C urse to pursue. We owe debts that must be
paid; we have assets sufficient to pay them and
to their payment they must be applied II we
act with integrity. The wire will serve to f.nep
the pralrles, and our other property will bring
something; and from all this our debts must bp
paid, 1t sufficient means cannot be raised to pu,
the lines in condition to do profit ,hle business
In cGnclnsi n, permit me I" say to thu ard
that Mr.. Howell our able and efficient Mana.
ger and Secretary, from apprehension of our
s tua' ion, has resigned his office of Nj Niger
and Secretary, and is now only induced 70 per-
form the duties pro tenn F. WORKS
CAss or JoNEs.-Gen Cass replied to the
speech of Gov Jones, on the Hun garan In.
terventinn qncsion few days ago, and show
ed up TIL. piagnerism Of the Tennessee Sena
tor. He states thrt the Senator from Tennes-
sre was n II tn" author IF the main argument
he nadc-that he was not en'ifl d to The merit
oforiginniity in the tling-and that it was ia
ken from a sneech made by Lord Palmerston.
in the British House of Commons Some Of
the Governors keepers in Tennessee, ought
10 instruct him to be guarded, and deal spar
inoly to other mems speeches-that he is not
on a stump in Tennessee, harrnngueng the SOW
ere,gns. but among old and experienced States
mon who are posted u, in al! that CONCERNS Ma
tioual legislation, and foreign polcy.-Knor-
uuie Whig
Tn Main Law Enae ,ment