The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-05-01
For the Railroad Advocate.
o. HI. smith, Esq, In Reply To the Rail.

road Journal.
Mr. EpIToR:-I thank you for the space
you allow me to answer the malignant at
tacks of the American Railroad Journal,
upon myselfan the road represent as Presi.
dent. The time was when held that jour-
nal in high estimation, but that time has
gone. A public journal that will willfully
misrepresent me, will do so with others, and
is not entitled to credit anywhere. How are
the mighty fallen! Not long since, the editor
and his compdtriots were battling with the
great Erie; next were attempting to control
the Legislation of Congress on the question
of duties on railroad iron, by that pure and
disinterestcd combination Of which the editor
was heard and by which hs expected to put
thousands into his pocket. These objects
seemed to be worthy of the concentrated
efforts of the American Railroad Journal
But now see their forces are drawn of, for
some good or valuable cause, no doubt, and
we have nothing more of "Eric Frauds" nor
Erie second or third bonds. But as the Eu.
ropean Allies have Sebastopol to storm,
SO have Poor and his Allies two hundred and
| fifty first mortgage real estate bonds of the
Evansville, Indianapolis, and Cleveland
Straight Line Railroad Company, that are
deposited in Connecticut for sale. upon
which to conc entrate their forces; foeman
worthy Of their steel.
Of these bonds, the American Railroad
Journalin the number Of the 7tb inst, says:
"These bonds as far as we can learn are
unacompanied by any statement showing
the value of the lands, the route Of the road +,
its probable cost, the means provided for its
construction, or its prospective income. We
persume no such statement can be made
The absense of all such statements would of
course as it should, render itimpossibe TO sell
them in this market. But country purchas-
ers take it for ganted that where bond is
offered, all such prerequisites have been
complied with. The bonds of the abov e
company therefore are not offered where
their unsoundness would at once beexposed
but are attempted to be sold in various parts
of Connecticut. and the absense of any evil
dence is attempted to be supplied by the
credit which it is claimed should be attached
to the representations and standing of the
President Of the Company"
Mr.. Poor has yet to learn, that the char-
acter and standing Of railroad men, have
something to do with the success of the en-
terprises in which they are engaged, an idea
to which he seems to be a total stranger
He appears to be much alarmed, for fear
may "delude" the ignorant people OF Con.
necticut, (what a complimenD by selling them
these bonds. Now for the facts, and see
how the disinterested Editor Of the American
Railroad Journal will stand before the pub
J lie.
Of what say, before he penned the above
article:--
LIST. That these bonds are amply secured
L. -c al L..
cash value, located within ten miles of the
line of the road, besides being obligatory on
the company for any deficit, should any ever
$ occur, which is next to impossible, as the
, lands are rising i'm value daily.
Cd. That these lands are conveyed by deed
of trust to Francis Fellows, Esq, of Hartford
each tract accompanies the deed of trust
, and is deposited with it.
Sd. That the bonds have been deposited
for sale with Harvey Seymour, Esq, of Hart.
ford, CT, within a few doors of Mr.. Fellows
the Trustee, so that purchasers may see the
trust deed, and examine the schedule fol-
themselves. before investing their means.
{ 4th. That before these bonds were post.
ed. an exhibit of the affairs of the company
, and prospects of the road, was made out, con.
tanning map of the general line of the
. road, and deposited with the bonds for ex.
animation.
5th. That the exhibit was published ant
paid for, at the Office of the American Rail
, road Journal, and circulated without one WORD
of objection by the Editor, who now charge:
me with an unworthy attempt to desraud the
people of Connecticut.
Such are the facts-these bonds'are amply
u secured, subject to no casualty Whatever
e No bonds offered in any market are safer
e and Mr.. Poor never disputed that fact unit
, recently. I expect his continued attacks
He shallnot levy black mail off me, nor escape
the truth, as his articles appear. Our annua
: report will be out in May, showing our pros.
pects. 0. H. SMITH.