The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1858-06-23
The ETenders0n and Nashville
Rail- Road.

lots VI tue nelueIsOu aHus NaSHH"
Rail Road, Just made to the stockhold
ers, BY which It appears that the road
is neither abandoned nor the enterprise
dead. On the contrary it seems to be
waking into new life and vigor. The
Directors say, in compliance with the
instructions Of the stockholders at their
IN ,etings, the Directors, in August, let
ont the work from the Tennessee line
70 .HcpkinsviI,e. The contractors on
the line are pushing forward the work
AZ speedily as the company are able t.
meet the estimates. 1a,a~
The report makes an earnest appeal
TO the stockholders to come forward and
paw up their subscriptions to enable the
company to push forward the work.
Accompanying the Directors report,
IL one from the investigating COMMITTEES.
who was appointed by the stockholders.
10 make o thorough investigation OF the
books al fairs Of the company. They
have made their examination very thor
ough, and although the mode eff keep
Ing the books was found Objectionable,
and there was want Of system, and
iust accouniaSilty between those wEo
had the management Of the company's
funds, yet the only serious iefalcation
discoy erred is So 500 among the collec~
tors of subscriptions. The invesiigst-
ing committee appear to have d'scbarg-
ed their d,ty faithfully, and express
themselves fre, ly ant are sly ir n
sure Of all the errors and mony's they
have discovered. With this undisguised
exposure of the affairs of the road, they
appear to DO altogether in a more hop.
full condition. than we expected The
Investigators, are entirely disc ,nnec'e |
with the road, as stockholders Or officers,
and were selected for their ability Us
accountants and men Of business. They
entirely exonorate the chief engineer
from the charge Of extravagance in his
department, in which the expenses from
August 1852, TO the present time. have
been $2s,l24 The whole amount Of
subscriptions to the stock, was S4I5. l65
Of which abou, $50 900 was to be paid
Z in real estate. ard $4,000 was taken
6y contractors. Oh the balance, only
Sl75,0o0 have been collected, and
SIG, 900 remain uncollecled. The
amount paid to contractors for grading
10 cash, is about Sl25,O00; and for OH
er expenses about $4,000. The only
bcpded debt referred 10 by tn, investi-
gaiory, are bonds for $50 600, given to
the principal contractors. II the CON-
panY has other bonds afoat. they do not
appear in any of the published accounts
The investigating committee give the
following statement of the condition o.
the work.
The landing On the Ohio river at Hen.
derson 10 graded, and the one-half 'e
longing TO the railroad company i:
"graveled;" the balance Of the landing il
claimed by the city of Henderson
From the top Of the landing to the depo
grounds the grading is nearly completed
there being a small amount Of "cutting'
on Main street, which will be left unit
track laying Is commenced. From tn
depot grounds te Deer creek, the county
line of Henderson,, being about twent,
miles, the grading is completed an,
ready for the "cross ties" and iron. Tn
tresile bridges, with one exception, 70
the first twelve miles are completed
From Deer creek to the thirtieth mile
the grading is nearly completed, ther
being gap of about one mile aud hal
of very light earth work, averaging a6ou
ons foot and half Of an embankmen
from Deer creek, running South, yet t
be finished.
There is also q gap Of one mil ), {
light grading of about one foot and a Ia
embankment, some four miles furtht
south, yet to be finished.
The heavy work on the "deep cut,'
completed. This completes the fir
division of the road, embracing thirt
miles out Of Henderson.
The Engineer further reports
the amount necessary to place
the road in running order, from
the Ohio river to Madisonyille,
TO he $3.50 .06
Amount necessary to place
the road in running order from
the Ohio river to the forty sixth
mills, in the coal fields, $414,Sl
Amount necessary TO place
the road in running order from = -.
the Tennessee State line to
Hopkiusville, $685.
These estimates are based upon III
present price. of iron, which would M
exceed fifty FIVE dollars per ton, and al:
based upon the construction Of the roa
Upon the most economical plan, u,
cordant with safety aud efficiency.
The grubbing, clearing and gradin,
yet to done, from HopkinsviIle 10 Il
Tennessee State line, will cost abo,
S9s.02S IS.
A contract was entered into for wor
on this division of the road, which ",
commenced ~ them in January 10,
(i85s). s;uce which time the amount