Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1858-12-25
HISsIssIFPI. WAsHITA All Rid RIVER
RAILROAD COMPANY.


The Bailefia OF Thursday morning has an
article relative to the affairs of this road,
which i. is proper We should transfer to our
columns, having published heretofore the stric-
lures Of q correspondent bearing upon the
management Of the Company It is due to
ourselves here to state, that cur columns were
offered to Mr. TIIsHHAEt 10 reply to our cores
pendent, but be chose another cb anel through
which to reply TO " Mustang" fOr tie reason
rrobsbIy. that be embraced the APPEAL in bis
structures and desired to indulge IN Pers0Dali-
ties, which we could not, with our sense Of
propriety, admit into our paper.
IRON TIE Bulletin q ThuTsdzgJ
Statements in regard to ihe affairs and man
sgement OF this Company, were published
sometime since By a correspondent Of the AP-
PEAL If such a character ss 10 call forth a
somewhst singing reply from Captain Lloyd
Wlzhmsn, the Chief Engineer Of The road from
lie beginning Of its organization. As these
ststements we're Of q character TO irlure the
credit Of the Company, and impesch the Off
rfzl conduct CT the officers and previous Boards
Of Directors. We have taken some pains 10 as
certain. from sources that we regard anthem
tic. the actual facts Of the case. They sp-
pear 70 De az LNllohe- knNAs lA@A1nus AAE
CHIEF Ersfneer, has been tie principal work
Ing officer Of the Company, having been dePu-
ted By the Directory to make several impor
raut cont acts and negotiations, and having 20
do. iu fact, much Of the labor Of raising money
ana seeing to the payment O. contractors, in
addition to bis engineering duties. In all these
Collections and disbursements, his accounts
have been fully approved by the Board and
90 far from having wasted the funds hts salary
for the I've years be has been inlts service, has
been lee in tbe use Of the Company, save and
except an ineonsiderabls amount, less than his
actual travelling expenses. belste President,
Col. D5ekerv, has Drawn his salary, bst moth
Ing more; nor has there been, 10 any Depart
meut Of the wOrE, wssteful extravaganza.
The Company il nearly entirely out Of debt,
punctusIly maintains its credit, ana has means
and material amply sufficient to carry on the
enterIr se to successful completion.
Col Dockery is not now the President, nor
has a aer Board Of Directors been installed
the same gentlemen now serving who we're first
elected. with the exception Of d few charges
which have occurred FROM gear to year, from
other causes than Dissatisfaction by the stock
holders with their official action Mr.. Charles
McDermott. q gentleman u intelligence ener-
~. and large private fortune, IL noW President
al he COMPANY and so far from it's affairs
being IN confusion, and the enterprise being In
danger OF proving a failure, few projects Of the
kf7d IN TIE South'8s est are IN better condition
for a vigorous prosecution, or have an ADLER
co4ns Of officers to push it forward
Can't. Ttlghman, who still retains the respon-
sibIs Dosition Of Chief Engineer, BY the uuani-
msus voice Of the Board, has recently %conciu-
drd contracts ia this city for rolling stock, etc +,
10 a large amount. and II is probable the Com
Banv will make this the point Of their neg0tia-
lions and disbursements