Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1855-05-03
Evansville, indianapolis and Cleve-
land Straight Line Railroad.

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Evansville, indianapolis and Cleve-
land Straight Line Railroad.
We ecopy below, from the Roilroad Adpocate,
a letter from Hon. O. Il. SMITH, correcting the
mis-statcmonts of the Railroad Journal, in its
structures upon the above Company
8Ir. SuTn's communication is prefaccd by
some comments from the editor of the Adro-
ate, which we also transfer to our columns :
We're there any force in hard words, they
might be justly applied to the Raiiroad Jour
nal But such weapons, proper in few cases,
are less than all Others effective upon that
sheet BY its offensive assertions Of its opin-
IONS but still more by its willful perversiOn of
facts, it has drawn upon it enough Of indig-
nont reproof cutting criticism, and honest
decentralization. Treated according to its
merits, it deserves only contempt. But few
calumniators are without the power to do
harm To this end, the journal exists in a
fitting element As the agent of extortion,
the representative of those who daily practice
phlebotomy upon our railroads, the journal
finds steady and abundant employment
Were this--the true position of that sheet
every where understood, its ISLANDERS would
be harmless But those who recollect its
original character before it went over to the
influence which now possesses it, still believe
that there must exist some reasonable cause
for It. severity; and, wherever circumstances
may give this view an apparent foundation in
one case, they think that it may be equally
we'll founded in others.
We have shown repeatedly how, in attack
ing the credit of a necessitOus railroad ON
sell=
ing its bonds. This is the real object Of the
larger part of the structures now visited upon
new railroad companies And it is a matter
of common notoriety that the Railroad Jour
nal is under the influence of the class of men
whose profits are increased by this policy.
Among numberless distinctions raised by
the organ under notice, is that against nearly
all new railroads at the West, that they are
in advance of the wants of that portion of
the country This is wholly a matter of
opinion, and IS incapable of exact proof
,r disproof If it be urged that the
stocks of Western roads are in many
/ cases depressed, it may be said, so are those
Of corresponding number of Eastern roads.
/ Many of the western roads are incompleted,
and are standing beneath consider able debts.
+ y financial pressure has more effect in de-
I pressing their stocks, for that reason, than oi
/ those Of Easten roads.
/ The Journal, however, acknowledged, in
/ is paper of March -11th, 1854, that the
Evansville, indianapolis and Cleveland road
! was a fair exception to the class of roads
not believed to be necessary for the wants OF
the West The Journal then said of this
/ road editoriallY:
/ "This work is in the hands of energetic
and experienced men, resolved to put it
/ through at the earliest possible day. The
subscriptions Of the cities and individuals on
the line are, we understand, large; upon which
the company are preparing bonds to a limited
amount, to aid in the rapid construction Of the
work.
Although this is new line, yet the i'm
p0rtance of Its connections, and the aid il
viii afford the roads already built, with which
it will be the connecting link, will make it an
exception to the remarks we have made to
/ the construction of ,ieac works at this time"
The Journals opinion isworth little, as tits
generally compounded of theory and selfish
ness. 1t is never practical and is generally
for the reasons given, but the expression ol
its suhservience to the pgo(essod money len
ders of this city. We give the above extract
only to expose the Inconsistency in which il
has lately marked down in advance, the above
road rs "unproductive.''
We might say few words more upon
the conduct of the journal in its present at
tack upon the above road. In its number
Of March 31st, it made as many as six mis-
statements relative to the road, all of which
can be proved to have been willfully made
These were promptly corrected, in our owl
columns, by the President of the road. II
the last number Of the .loxrnay it acknowl
edges that Its course has drawn censure upoi
it from interested parties" 1t neither dc
denies the "censure,'' Cor this was only dis
proof,) nor does it acknowledge its own sins
What can be said of such sheet Wha
words will lash hide callous to the sensa
tions OF ordinary punishment? Who vii
discuss with it the grounds of its own ISLANDERS
Like a rogue beyond arrest who has forfeite,
all decent liberation, il must still be suffere'
to practice its vices upon those ignorant o
its character.
1t may be reasonably asked if the vindica
ton Of the road under notice requires S
thorough an exposure of It's enemy. We re
pei the interference by lisclaiming the cham
pionship of this one or any other road
behalfof the entire railroad interest of thi
country-in behalf of each road which has
name, CHERISH a credit to preserve, success
, to achieve, we shall do what we can to exhib
the true character of a hireling sheet, whic
loses no chance to throw suspicion upo
, all roads alike.
The true facts in regard 10 the bonds no'
offered by the Evansville and Indianapoli
road, are given in the letter of o. Ii. Smitl
! Esq, which we publish to-day. We insti
! tute no comparison of the value of these an
other securities. The avanues of informa
O ton are open to all. We have so far exam
: incd the condition of this road, as TO believ
: it to be equal in value to the best class {
+ western roads. That there has been any col
: cealment in regard to its affairs we deny an
r. none know this better than the editor of th
IS Journal, who has been made acquainted wit
each step in its o. eraticns from its first incel
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