The true Democrat., 1854-10-11

before them in the greatest harmony and ad- journed in the highest spirits. The prospect before them for the success of the great work to which they have during the last two years de- dicated so much of their time, they regard as truly bright and cheering. We were highly grati6ed to witness the strong and abiding con- fdence manifested by the members of the board. Their labors bear upon them no sectional color- ing, but intimately connected with the interests of Arkansas and the great Mississippi valley, the consummation of the great ork they ha e in hand will endear them as patriots to future generations.
 Of the report, maps and profles submitted by the chief engineer we shall at an early day speak more fully. Suffice it to say they were received by the board with expressions of the highest appreciation. The work both in the field and in the office, has been skillfully and most excellently executed.
 Below we give the report of the committee appointed to examine the books and accounts of the president and treasurer, and the action Of the executive committee of the Cairo and Fulton railroad company. It will be seen that the acts of these functionaries have been cordi- ally approved by the unanimous adoption of the report We give this report in full to cor rect the islanders and representations that have been industriously circulated against the presi- sident of the company. It is a thorough vin- dication of all of his acts
 To the Directors of the C. & F. R.R. Co. The committee appointed by you to examine the books and accounts of the president and treasurer, and also the action of the executive committee of the Cairo and Fulton E. R. Co., report
 That they have discharged that duty. and find the accounts of the president and treasurer and the action of the executive committee. not only correct, but exhibiting an excellent system of accountability. The accounts of money re- ceived and disbursed presents a plan which makes it impossible for any director, officer or agent of the company to misapply the funds that come into his hands, without its being open to easy detection.
 All moneys received are paid to the treasurer of the company and disbursed only upon the "Iltucl OlueI OI lue eAeCutlVe committee, Sl0n- ed by the chairman thereof. Besides publica- tion of notices, circulars, etc., have been made, as the books and accounts show, only by order either of the board of directors or the execu- tive committee. This embraces the internal improvement fund of Pulaski county as we'll as that of all the other counties that have taken stock in the road. These subscriptions, as ap- pears from the records of the company, have been made by order of the respective county courts, which are uniform, while the several amounts paid upon these county subscriptions have been turned over to the treasurer of the company in the same manner as those arising from individual subscriptions, thus constitu uting general fund, disbursed by order of the com pany, and not by authority of the president, treasurer or other member of the company.
 Respectfully submitted.
 H. c. DYE, Chairman,
 H. K. HARDY,
 JAMES RUSSELL.
 hereby certify that the foregoing report was laid before the board of directors on the 9th day of October, 1854, and unanimously adopted.
 B. c. HARLEY, Secretarv
 Cairo and Fulton R. R. Co. Little Rock, Ark., Oct. 10, 1854