American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1858-11-18

th0 SodthNeS iu4u'sHFu Oy MT. Oanirls.--
But he was satisfied it could NOT he done
Engineers habitually underestimate rail
way WORK. and he would willingly enIer
into hond aud covenant 70 make . present
OF 3 ,0C0 silver doll~rs 10 each OF, the Eve
counties on the c. w. & z line for ehari
table uses it the extension should be bull
for $500. 900.
Now with reference to that 5000, ,OO
contract Asssiled by Mr.. Borland, have
only to say it was made before l Lecams
Receiver, hut while l WIS Presidpn, o.
the board. At the instance of the board
witch is shown in the minutes OF Jun,
1851. (Ihe minutes were produced and
read, the Board n Directors of the Gin
siuuati Lebanon and X-nia R R. Co were
recommended to make contract for the
construction OF The extension under their
charter upon seclrity basis OF 500. 900.
oi which S600.O 900. should be bonds, and
$3.50 900 sinrks' half the bonds to be OF.
fered at eighty per cent along this line;
The sIoek 10 bA nsgntiat~d elsrwher-, so as
TO produce S480 900 cash. Mr.. RaemAlin
proceeded to NV York and con,iacte
with Bernard Rocker. hut he being una
HE to place the securities on accoun oI
the crash Of the Trust Company at Iha,
time the contrast failed. By referring to
Pagr s9 o. my annual report Of May Isl.
1857 10 The Board OF Directors Of the C.
W. q z. R R. Co. it will be found
TIE reason assigned for building the ex
tension under another charter, was the
"taint attached to c. w. Il z. R. R. 90
curiies." and the contraot WAS pre,licaiad
on security, not cash basis-the differ
@nre hetween them not requiring demon
stration. Il was also my aivice tina. the
work be done rapidly. by small sections by
hard working contractors, whose only rom
pens ZION should be cash, sDd advised
against the fancv mode OF making railroads
by securities. On page 81 Of the same
report l say. The outside cost Of the ex-
tensio when rom lpte will. as stated ON
pages 81 and 29 ofth January 1857. re-
port, not exceed 100000 dots l. can he
opened for businrs for about 433. 900 dolls
These estimates ars basel upon ash. and
on the supposition that ii" period of con-
sruction will not sxt nd beyond ten
months" Mr. Gest Plso read from RACES
81 and 90 OF his January report, showing
the estimated cost of ConsI ueiing The <
tension to be 3493 600. Ire estimate OF
the r1ad.bed alone being 266. 900
Allusion lad been made TO a letter re
ctived nv him from Chsuncey Brooks. o.
tie B d o r. r. soliciting the appoint
m'nt oi a c-rtrin party. In cosdeIation oI
an exchange Of hrs'ness.
A sPECK OF WAR;,
Quoh Mr.. R-emeIin, who was that
pers 1?
Mr.. Gest-Mr. John H. Barnss-unior
tupsttly
Mr.. Barnes--I ask an explanation -
What do you me n by that term. in con-
necion with my name. -g 81.
Mr.. Gst-That it continued our through
buiness polisy, which was bad, some six
months. Ne he, gentleman seemed 10
comprehend the other, and 'hus Mr..
Barnes hrestninPIy replied. Very well
sir; III sttrnd to that matter hereafter" !"
(Sensstion. .s .,.-..
Mr.. Gesi stated how he came TO bs con-
nected with the road, 10 a manner salts
factory. to the Stockholders, and said that
impu'aions had heen cast upon The r..
reiversl ip. H. would only say the prop
osi'ion for RrreIvrr came from the hest
friend the road ever had. and not through
his, Mr., G's 'olililarion
Col Van Truup For what salary did
You contra to serve M President
Mr. Grst for 5000 dolls. per annun,
Col, Van Trump followed up with go
ries % queries. relative to his salary as Re-
criver 'nd the salaries of his as>istan 8
and employees. which had been denounced
extr'vsgan' Mr. G-st replied promptly
s'aIing figures -xc'ptin relation to the
question. ''hav4 YOU ever paid the Drr,ors
anv mopev?" UIon this point he was in
'irect. replying indiff-r-ntly, none of any
consequence: siriiling amount to one or
tw -4, "a. 4u ID.
He subsequently remarked that Il had
hern principle Of hs lif-.to pay for what
lie got. and dem 'nd-d payment for what
he did. and regarded his salary az not
mrre than an equivalent for his services.
In conclusion h- strongly Sdvocat.d the
Glendale Extension ami said il the Board
had co operated with him in executing
measures which he had devised. tht extsn
sion would have hepn completed hefore
now. The Washington cut OFF might ha
y vslua le connection. hut he thought the
Comrany had better look to the Dresden
connection after they had reached Glen.
dal Mr.. G's remarks produced an oh
vious reaction in h,s favor. II was fair
and squars on general counts.
OTHER SPEECHES swERE MADE.
Col Van Trump did poI understand the
negotiations with G Moran as designed to
in'eriere with the Gle dale kxtention, hut
hut to secure an Alt-rnste line, / was in
tended that both exlentions should be made.
H.. deemsd the course OF Mr.. Fife in de
fea'ing the project. without consulting his
f-llnw members nf lNe Board of Directors,
i'll ADVISED. fhe W ,shingtca Cutoff he
thought valuable in opening mar ket for
Goals on the eastern end Of the line.
REMARKEs OF Mr.. CHARLES REMELIN.
NJ. Rrtm-lip y,ndi 'ated Mr.. Gest, and
defended the 500 900 contract. avowiug
his opinion that the stockholders would
require all the bells to peal out notes OF
r,j,icing il any one would take the con
tact on = similar bacis, Iflhe relative
prices Of iron then and now were consid
cred, and the prices Of labor. there would
he but little difference between the Dash