The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1854-01-19

OetleI security IOr Lne amount OF none
needed If there be any | am not ad
d vised Of it, and it is certainly not th
: Marietta Company And fully believing
: from the present and prospective chance
of the money market and from the in
e formation at my command, that the a
e mount needed would be produced, | d.
: not hesitate to recommend the progress
and completion of our road to Jackson
! without any contract of union.
The second question proposed brings
, up in part the differences of opinions
1 among the stockholders, and so various
, are the opinions as to the union or inde-
I pendence of the road to Jackson, that il
I seems impossible to reconcile them, bul
as it is due to the stockholders from me
to state the reasons which influence my
: opposition to the union, hesitate not To
say :.r. ...-...
: L. That it is unwise to enter into any
partnership arrangement with another
company whose condition and resources
are not known, and this | unhesitatingly
say is the case with the Marietta com,
pany. ..5.g...... ,....... ........
2. That as the two corporations have
been considered rivals, and both are
unfinished, and the Marie tia company is
claimed to be the stronger of the two in
capital, it is TO be much feared that any
union of the two would result in the alb.
sorpton of our corporation. ,...
3. Ours is the shortest and much the
best line, to the coal fields, and would
command more trade without any such
union. than with it. .... ......
4. Because by the union we gain moth
in connection which we have not without
it, as we have the L. NJ. R. r. on the
west and the Scioto and Hooking Valley
Road crossing us no the east at Jackson,
by which we can 60 to Hamden or
Charleston on the M. q G. line, if we
desire to do so. ..., l... ....s.
9th, And for the following reasons SO
ably expressed in report of E. Morris,
late Engineer to the Board and Stock
holders, of the date of June A. d. 1852.
Speaking of our line he says; "your
line in will prove railway route of the
very first class worthy to be 'as it is the
only legitimate continuation of the great
Baltimore line across the State of Ohio,
and inevitably destined to be, soon con-
structed by the aid of foreign capital, if
your Stockholders only b,de their me
and preserve their Eastern franchises in.
tact"
In conclusion, gentlemen permit me
to urge upon your Stockholders the adop-
ton henceforth of the motto, emo com
promise Nth rivals Roads, no Sacrif fees
of Eastern franchises.
And for the better reason assigned by
said E. Morris, in his affidavit made by
him, and filed in the suit of Injunction
then pending, (Feb. 2lst, 1853, } in the
Highland Common Pleas Court, brought
by one VIM. II. Baldwin, atthe instance
of the Marietta Company, to deprive our
Company, of their charter East of Hills
borough; Ia which speakingo the present
line East 0 HIsborough and Belpre, and
the adoption Of that line by the Board OF
Directors in June, 184l, he says of it that
il "was then and still is an indispensable
act of self-preservation, on the part of the
Hillsborough and Cincinnati Railroad
Company, and which, if now abandoned
cannot fail to result in the ultimate ruin
of the said Company"
And lastly, for the reason that no such
contract, las has yet been proposed, J can
be made which will not result in litigation,
depreciating the stock of both compan-
les, and which willnot be founded in stock
jobbing SpecutationS.
The third and last proposition which is
presented in the letter referred to, is the
most material oneto the communities in
terested in the building of our Road and
to the Stockholders. therefore proceed
to state the probabilities and prospects
Of extending. your line to Parkersburgh
in the severity of naked truth, notadmit-
ting. if | administrator in my conclusions
on this point, thatthe views have main
tanned of our line as an independent one
to Jackson, are at all weakened.
1t is admitted that the Baltimore inter-
est is the most delicate to be reconciled,
in the proposed arrangement of union,
and that's disposed of by the assumption
that Baltimore would be satisfied by
road to be constructed from Walkers
crossing on the Ohio, to Athens, because
therSF "shc would command the most
favorable Railroad line to Columbus and
Cincinnati. This assumption is rebutted
and at once destroyed by several PROPOSE
tions of fact, and several unsettled proba-
bilities against it.
Would the Marietta Company consent
thatanother Independent Company should
cross her track, and take the benefit of he
connection with the N. W. r. R. Com
pany, at Walkers bridge, even were the
II. u c. r. r. Co. out of consideration.
The Company might consent to such an
arrangement, but the town of Marietta
never could, and take care of her own
interests, II is understood that they are
scared. But this aside, what would Bal
timore do or say? AS Baltimore is stri-
wing to connect herself with the business
of the Ohio and Mississippi Valley, which
is chiefly concentrated at Cincinnati, it is
to be supposed that she would favor
line running north. towards the Lakes, till
it strucka Philadelphia line, or that she
would consent to get on to this line, thus
tributary to her rival, for her western in
tercourse, when she could have more
direct, shorter. and independent line, by
keeping her faith with her natural friends