The Belmont chronicle, and farmers, mechanics and manufacturers advocate. [volume] (St. Clairsville, Ohio) 1848-1855, 1853-07-01
WHOLE NO. g 0

AS Mr.. Chase is himself stranger. with.
out furnishing to the Company single dollar
Of security, or even the guarantee of q lonp
established reputation: and as il is not Gus
tomary to require security from the Agents
and Conductors, he asked delegation of
power incompatible with the Bylaws, and
such as the Board would not, even if they Nae
the right, confer upon any man, no matter
how responsible or how we'll known.
| Mr.. Chsse's resignation was accordingly
accepted, without further hesitancy, after this
decisive confirmation Of the correctness of the
Executive Committees apprehensions.
| In regard to the Auditorship--which. Office
is that of Secretary and Auditor combined
II is station suggested by difficulty in the
| character of the Charter of the Company.
The Charter requires that the Treasurer shall
be Director. The best men for Directors.
IN communities similar to ours, are those who
are actively engaged in business, and such
men cannot spare tie time required for the
responsible and complicated duties of trcasur.
er, as contemplated by the form in which the
books OF this company were opened; and TO
euuust Their management to clerks or depu-
ties, without constant supervision, seemed i'm
proVdcnt and unwiSe. In view of this diff.
Guilty an office was proposed, in .he BY Laws,
,chich 1oas designed 10 be a clerk upon all the
departments Of The Road and uhich, in ITSELF
'coud be checked By ats obligations TO keep in con-
slant communication piM The Erecu,iUe, Audi.
tory Committee, or the Board
The plan Of this office contemplated a ser.
vice too laborious for the age and health of
the then incumbent of the Secretaryship; and
yet 1t would require measure of capacity &,
ouiness experience such as but few Young
men could furnish. The Bylaws embracing
this important feature were adopted unan-
monsly by the board; and Committee con.
sisting OF Jewetl, Galigher and James were
appointed to make selection of some man for
lhe post, such selection required by the
bylaws, 20 be submitted at the first regular
meeting OF the Board for confirmation.
The Committee were unfortunate enough
to make selection of one who was not sa,is-
factory to a majority Of the Board,-especial-
ly to those members Who were from the same
county as the nominee. and who were supposed
to be the best judges of his fitness for SO res.
ponsible station.
Mr.. Eaton had ample time, after hearing
that the confirmation of his appointment was
at least doubtful, to withdraw from his un.
pleasant position in dignifed way; bat he
preferred placing the Directors to the test;
and they, reluctant as they were to give any
one pain, felt that duty had stronger claims
upon them than Toliteness or even friendship
they declined to confirm The nomination.
This proceeding of the Board certainly ie-
gitimate, was not such as to justify the resig-
nation of Messrs. Galigher and Jewett. But
as these gentlemen have been talking, for
some time past of resiging in consequence of
the interference with their private affairs,
which their ottention to Railroad matters
caused, it is much more reasonable to suppose
that they were governed mo by the latter
consideration than the former. 1t would be
more consonant with their we'll established
reputation for soundness of Judgement. B.