The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1856-10-30

dertaking, and that the funds subscribed by
the city will not be misappled or wasted Ii
they are only applied faithfully to the road, It's
completion will be sure; and if the amount
does not come back to the city in one form, it
will in another, with ten fold interest. We
are very glad to see that we are to have an ex-
preston of public opinion on the subject, for
we have no doubt of the peoples verdict.
OFFICE E., T. & C. s. L. r. r. COMPANY, !
INDIANAPOLIS, Oct 20, '56.
The Mayor and Common Council of the city of Evans
vile:
GENTLEMEN am appraised by a certified
copy of the proceedings Of your body, that
you desire me, as President of the E., l. q u
S. L. R. R. Company to furnish you with GER
tain information, to enable you ito arrive at
a proper conclusion as to the duty and true
policy as to the issue of the second one hun
bred thousand dollars of Bonds, subscribed
by the city in the E., l. & G. S. l.. Il. Il. Co., :"
in payment of the residue Of the city sub
scription to the capital stock of the Railroad
Company.
Had the required information been placed
upon the ground of q stakeholder desiring to
know the present condition Of the enterprise,
however it might as precedent, incumber the
office with like calls from other subscribers,
as each subscriber has the same right to call
for information, 1 should, very reluctantly,
decline to comply with your request. But
when | am distinctly informed that the pur-
pose of the call on me is to enable you, as the
representatives of the city of Evansville, tc
decide whether you will pay the residue o
your subscription or not, by the issue and de-
livery of your Bonds, am induced respect
fully to refer you, like other stockholders, t.
our books, that are always open for the IN
spection of stockholders, to cur Annual Re
ports, and intermediate exhibits, copies o
which have been sent you, to the road itsel
as to the progress of the work, and to the
contract with Willard Carpenter & Co., spread
upon our records at this date, a copy of which
was for some time in your hands. Every Re
port required by law, and several Exhibit
have been made and publis ed, and the mex
Annual Report will be made in May next, ant
a copy will be sent to each Of you.
| am induced to take this course that i
may not be inferred, that by complying will
your request | admit that you can legally re
fuse to deliver the Bonds, in payment @
8 your positive and unconditional subscriptions
if the statement of the work should not b
/, satisfactory to you, however it may be to th
f Board of Directors. | submit for your rehec
ton, that if our subscribers shall be allowed
to raise the objection against the payment c
their subscriptions, that the administration c
the Company, or the progress Of the work
5 not satisfactory to them, we should never b
{ able to collect our dues, nor pay our contract
ors. If the course of policy the Board of D
rectorS, and the present officers have pursued
: and are pursuing, is not satisfactory to tn
city of Evansville, they will cheerfully Civ
place to others, and it becomes the duty of tn
, Council to cast the vote of the city for othe
Directors and officers, at the next election
and thereafter to administer the affairs of tn
S Company more in accordance with the wishe
i of the city. But it can be no excuse for II
s fusing to deliver over the Bonds in paymer
! of the city subscription. l await your pos
l tive answer as to the delivery of the Bonds
q With my personal regards, yours very truly,