The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1857-08-03
EVANSVILLE, IND.
straisht Line Railroad.

straisht Line Railroad
At the meeting Of the stockholders Of
his Company on Thursday at Indiana
polls. the following gentlemen were re-
slected Directors, excepting D. Williams
Esq, who was chosen in the place Of the
Hon. o. H. Smith. who persisted in his
resolution to retire from the board and
IL Presidency Of the Company:
-. $685. DfREcToRs.
Js,sxiAI Sxsrx. DAVID wntrAxs.
yosgpu LYeorn. JoHN G. STEERS. |
AiExAxpsn LssItx. J. W. Cocxxux.
Jouu A. RYJrz. JNo.J. CuANpLxR. |
80 h. D. ALLIs. = =
Whole number Of votes cast was |
1857. Mr.. Jones attorney FOR the city.
cast 26o6 votes. being citys stock for the
following gentlemen.
Messrs. JoHr SHAxKL IN: sAxuI ON; Jas.
oAxLxy. v
Ata meeting Of the Directors. after
the election. Jeremiah Smith, Esq, was
chosen President OF the Company in
place Of Hon. O. H. Smith. and II. d.
Allis. Vice President. The new Presi.
dent has been Director of the Com
pany from its 6rst organization. and is
familiar with oil its interests, its wants
and present condition. He will no
doubt make an efficient and able Presi.
dent. The Board have commenced
system Of retrenchment. determined to
reduce the expenses to the scale Of its
operations. The Presidents salary is cut
down from $1,000 to $1,000. The Office
Of Chief Engineer was left vacant for the
present, till the progress Of the work
shall demand tho service Of one, and jus
tify the payment Of a salary. The work
will be continued by the contractors as
it has been for the last year upon the
surveys in the Engineers Office.
An order was passed BY the Board or
dering suit to be brought against the city
Of Evansville foI her subscription Of
100000 bonds, and the Hon. o. H.
Smith vas appointed attorney Of the
Road to conduct the action. We un-
derstand two actions will be Immediately
instituted against the city and pressed
70 . judgement. A communication was
received from ne Mayor Of Evansville
propounding . list Of intsrrogatories in
rslstion to the financial condition Of the
Road. The Secretary Of the Company
was directed to allow the attorney Of the
city free access to the books. and give
him fill opportunity to make. any in
vsstigstions he desired or was proper he
should make, in regard to the afisirs OF
the Company. We understand that
torney Of the city simply gave a silent
vote. He suggested no change Of policy
nor mode of administration; nor At
tempted any exposition Of past errors or
acts Of NAL administration which was
expected from him by those present
After 30 many valorous assaults upon
the officers of the Road before the pub.
lie, the stockholders expected an inves
tigation would be demanded at the an
nual meeting. But it was abandoned
We presume, As too troublesome ant
useless. IS 'ss
Mr.. Carpenter was present at TIT
NEE ting in good health and Spirits il
spite Of the fatigues and anx,eties he ha
sndured tho lsst three months. Instead
Of coming home 90 visit his family afte
% long On absence, he returned immedi
stsly to New York to endeavor to effec
IN arrangement for the iron for the roa'
under . proposition that had just BEEF
made to him. He evincss an energ
and devotion 70 the undertaking whic
should secure the admiration OF his mos
sslsntleas opponeAts. ~
The Hon. o. II. Smith, on retirin
from the Board made and an address
the Directors, indicating the manage
ment Of the road. and explaining the res
sons Of his resignation. We shall or
dsavor to publish it. but are obliged
restrict ourselves to the following e1
tract. af1a-t.f,~v
Il embrace the occasion, to place upon n
cord, after full considerations Of the sui
ject, and after reading all that has been writ
tea against it, TO give my unqualified apprs
baton OF the contract that was made by q
Board with Willard Carpenter " Co.
ever the road is built, it will be done upo
that policy: the road must be built in distin
subdivisions, as therein provided. That I'll
contract with Willard Carpenter q Co. h.
retarded the progress of the work, as prefer
dcd by the City Council Of Evansville, an
their allies, as one of their excuses for refu.
ing to pay their subscriptions. is with Mt Il
least justification in truth. More than twer
" railroads, the construction of which wa
never let TO contractors at all, could
named, that have been unable to eonten
with the times and the difficulties ttendin
the building of new roads. The contra
- was the strength of our road, as it enliste
the most energetic man of the age, wit
large private means, in the construction
the work, in a much higher degree than
otherwise would have been.
To say nothing of my efforts, at home on
abroad, to build this road. my very hea
has sickened within me when l have see
Willard Carpenter struggling by day, an
passing sleepless nights, comprising sea an
land, perilling his health, his life and h
vivof "a for hill IL