The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1856-09-25

; 10 tfto CIY COUHCtt ~ EOuItSCtHe
GENTLEMEN: propose to pay the cupons
due by the city upon their bonds given to the
Evansville, indianapolis and Cleveland Straight
Line Railroad Co.. for stock in said Road, on
the 1st day of January next, in the city Of
New York, to the amount of cash which
am liable to pay on the score of taxes. In lieu
Of paying the same to the City Collector, 1
will instead execute my note for the amount
payable to the City Treasury, with Allis &
Howes as security. to return the January Gu
pons to him for the amount, without charge
for exchange or commissions.
Yours, truly.
WILLARD CARPENTER
On motion, the proposition was accepted.
The Committee to whom was referred the
matter of issuing the second 100000 bonds
to the f., l. and C. S. L. R. r. Co., made the
following report:
The Financial Committee submit the follow
ing
WHEREAS, To arrive at proper conclusion
as to the duty and true policy of the city, as
to the issue of the second one hundred thou
sand dollars of bonds, subscribed 5y the city
in the E. l. and G. s. L. Il. r. Co., it is deemed
necessary, among other things, to know the
",
as well as the exact progress already made in
the work, and the actual cost of the same
a knowledge of the facts on these points be-
ing essential to correct understanding as to
the prospects for continuation and completion
Of said work on the whole route from Evans
vile to indianapolis.
And whereas, this Committee cannot at this
time, give the necessary time to the investiga-
ton of these facts and moreover believe that
the information desired. can most convenient
ly be furnished by the President of said Com
pany,
| ResolUed, That the President of the said
Railroad Co., be requested to prepare state
ment of the present condition of said Compa-
ny, showing in detail the particulars upon the
following points:
l. The amount of cash subscription in each
county on the Line. The amount thereof col
| lected the amount unsolicited which is con-
Sidered solvent and good.
| z. The amount OF real estate subscription
in each county on the line. The amount con-
verified into money the amount Of lands re-
manning at their fair convertible cash value.
3. The amount of City Bonds received by
| the Co. The amount disposed Of and pro-
ceeds realized therefor. The amount of such
bonds on hand and unappropriated, and their
estimated present cash value.
A. The actual amount paid by W. Carpen-
ter & Co., contractors, in cash. bonds and stock
/ or the work of construction South of the Ohio
and Mississippi Railroad.
5. The amount paid by same for same, North
of the o. & NJ. Railroad
6. The naked estimate of the Engineer in
detail, of the cost of grubbing, grading and
bridging South of the 0. & NJ. r. R. This to
be exclusive of discount--that is to say, cash
estimates.
z. The amount already paid to W. Carpen-
ter & Co., In cash, real estate bonds, city bonds
Railroad bonds and stock in detail
s. The amount Of all securities in detail
handed over to w. Carpenter & Co., for work
done, or to purchase rails and other materials
9. Whether or not the Company have tax
en- any security of the Contractors for amount
paid or delivered to them over amount actual
ly earned.
/ 10. That copy of the contract with w
Carpenter & Co., be requested from said Pres
ident, to be filed in the office of the City
Clerk