Columbia weekly news., 1859-04-07
impression d Ills mind ron what Mr.

Goodrich had told him.
Mr. Dorsey eeatinuei and said that
bis elienta would mover consent to the
Ecomp pletion of the lease, as proposed by
&he boara Of Trustees, ,they were willing
Ito do all that is fair; but they are not
willing to stand aside till Donnell s.
Parsons can get SO or $50 900, before
they got single dollar.
he was sorry to say it, but it was the
| fact that the bylaws of the Company
which were intended to guide its off,
GERS in their duties, have been enti-
rely cast aside-where are the reports
which your Secretary is comp elled by
those laws to publish quarterly' One
of your laws states that no officer shal! be
contractor on the works of the Com
pany What do We find IL the case !?
Donnell & Parsons are both officers and
/ CtutTdClOfS.
! Mr. Gilchrist said that they were
not officers when they made those
| contracts
Mr.. Dorsay remarked, that it made
no difference, they were ineligible when
they took those contracts
He woald like to ask why it was that
they dc not pay the taxes on the CON-
pany's property, when their lease ex.
pressly states that they shall pay all
necessary expenses are not taxes ne
eessary expenses ?
! Tsefe is smother feature in the tax
title business which be could not under.
stand. It is this, when Mr.. Davis
was about to pay the money, he was to
be surrounded by bonds and covenants
on all sides, but when Donnell & Par
sons paid it, no bon ds or Guarantees of
any kind, were demanded from them !;
all that his clients want is to get a
portion of the money as it COMES II, let
it be much or little bat they are not
satisfied to wait till the very last before
they got any.
| Capt Palmer said if the money is
raised 20 pay Mr.. Davis, VIII yoar
other clients reduce tie rate Of interest
on their claims i?
| Mr. Dorsay remarked, cannot .ay.
Mr.. Hunter was opposed to take any
action On the lease, at the present meet
ing. -.e thought tha. as the term Of
Office of the present Trustees var.d ex-
4 pre- in a few days, it would be better to
defer t till after the election oftb new
Board He though. that some enquiry
should be made or the subject, before
the stockholders committed themselves
so far as to Ffan. lease Of at their
property 10 any party.
| Mr. Gilchris. was in favor Of leasing
the ditch at tie present meeting, belize
wing it to be the best thing to be done
under the circumstances He said that
there we're 3O3 persons Lo'ding notes
against the Company, and if the ditch
was not leased, any creditor holding a
note Of Sloo, could keep the company
always at litigation, which would swul'
low up all the proceeds af the ditch.
Mr. Fletcher tho Superintendent said
that he objected to the lease, and gave
numerous reasons for bis objection and
made a great expose of the NAL practi-
ces of the officers of the company
! We are sorry that we canno. afford
space for all Mr.. Fletcher's remarks,
they were candidly stated and appeared
to have considerable effect on the meet.
ing.
lie openly charged the Board of Trus-
tees with neglecting their duty in allow
ing Donnell g. Parsons. to obtain lease
of the ditch, AID accused MIR. Goodrich
Of playing into the hands Of Donnel 6.
Parsons, BY every means in biz power;
that the tax title was obtained
with the design+of bene6ting that firm
who paid s4s per cent per month for
interest, upon tie money which they
borrowed to pay those taxes, when Mr..
Davis would have lent it at three per
cent that Mr.. Goodrich could have
issued the necessary scrip to pay them
at any time, but ID place Of doing so, be
had allowed their claim to be entered in
full, in the list of creditors who were to
|