Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1854-03-16
S3l,934,33
S3l,446.90

There is available stock and
donations in the hands Of the
Co. which viii be appropri-
ated to the liquidation Of the
companys debts as soon as it
can be collected about. 2,50o, 90
With few shares the campany may or
may not be able to colect-The indebtedness
Of the Co. is aIl included in the above with the
exception of obligations held by Simeon Jen-
nings--They being Bonds made by individuals
to secure to the Co. the Iron.
The proceeds Of the road, for the last seven
months past, ending the first of jan 1854
was 1850 10
Expense Of running Machinery, Ballasting
building Depot ana Turntable,a and repairs up to
the first Of Jan 1854. 10000
The balance of proceeds has been applied
to pay orders previously issued There having
been various reports circulated in relation
to the salaries eceived by the Board Of Direc-
tors Of this road think it but justice to the
Board, to state what has been our serv ices,
and how we have paid ourselves. l have been
from home directly in the service of the Co. four
hundred and twentyegbt days; and in that
time was once to Detroit; twice to Sandusky
City; nine times 10 Cleveland; once to New
York; twice to Philadelphia; once to Baltimore;
once to Sidney on the Befontaine and Ind-
ana r. R. three times to Wellsvle and
twice to Steubenville; and I will venture
to say from two to three hundred times along
the whole length Of this road.
As to salary. at the end of the second
year twas thought by the Board that we
should have something and that it shoul d no
Interfere, with any Of the money or available
funds Of the Co. At the suggestion Of ]. Riley,
resolution was adopted authorizing, an issue
Of some stock as salary. but not to be ap-
piled on any stock previously subscribed,
Wherefore, was awarded, four shares worth !
at the time from $50 to Sa5 per share making
from $50 to 500 which will be about equal
to twenty cents per day, for the time actual
ly spent; Jno. Riley received one sbare--Ro.
bert Crosier, received for seveices as Secre tary
forty dollars. Dr.. Hunter, and Jno. Arbuckle,
took exceptions to the aforesaid resolution
Hunter received credit on his ,
original subscribed stock for $500, Also one
share after issued worth SEQ. making in all
one hundred and twenty dollars Jno. Ar
buckle received credit on his original stock
Of 800 also, sixty dollars on an fafter issue
worth $94. At the end Of the third year there
was Resolution passed. by unanimous vote
relinquishing all claims for services for the
previous year, by all the members ofthe board
present. Mr. Arbuckle being absent but the
resolution being made known to him on his re-
turn, he concurred in the same.
All the other members Of our board Of Di.
who have assisted in our deliberations.
aud in the construction Of this laudabIe work,
have received nothing for their services, for
which the Co. owe them nothing buta debt Of
gratitude.
The 6rst train OF cars passed over our road
on the a5th day Of fMay last and we haze con.
tinued to run train ever since excepting about
four weeks at one time, and two other intervals
Of about one week or ten days each. caused by
the Engine being out of order. Up 10 the 25th day
Of October last We run upon the road the Loco
motive Engine. Rhode Island. owned by the
O. and P. Road. and without the kind favor
and friendship Of ]. Durand Esquire. the gen
manly and competent Superintendent, Of the
q. P. Road % well as Of the President Of ths