The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1859-06-11

rate, the report says, to show the amount |
Justly due from the contractors. In estima-
ting the present assets and property of the
Company, the President presents the follow
ing exh 80:
Roadway AND work done nit.-....-.......S5o 600
Assets IN W. Carpenter Co.'s hands,. 225, 900
Due from city Of Evansville. 130, 0u0
Due from OTHER $4,000
Lands not mortsaged sold ................. 5000
Total of assets and property s93s 0oO
insiduous efforts have been made to break
up and dissolve the Company by certain
parties who have an eye upon these assets,
with design of embezzling and destroying
them, in the general wreck of the Compa.
ny's affairs which would follow dissolu-
ton. This amount is too large, says the
President, to suffer to be lost 1t may, when
the affairs of the company shall be again
put in order, and in more propitious times,
prove the basis of new and successful en-
terprise to complete the road
The efforts to break up the company have
been very active and persevering, and the
design was to have been accomplished by
its originators at the last election, by choosing
board Of directors who would discontinue
the suit against the contractors, and allow
them to hold on to what they had got, and
in the general scramble of save who can,
other parties would run off with what might
remain. The delinquent subscribers for
stock had been persuaded that they could
thus avoid the payment of their notes.
Those who had conveyed land were told
that it should be recovered for them, if they
would join in the movement. More than a
hundred stockholders were induced to sign
paper like the following, which We extract
from the report
Whereas, an illegal association of persons
claiming to be 81 corporation, duly organized
under the laws of the State OF Indiana, un-
der the name of the Evansville, INDIANAPOLIS
and Cleveland Straight Line Railroad Com
pany, claim TO hold q debt against me,
evidences by promissory note for abou,
) which is fraudulent aud unjust
Now have this day employed John Z. Ush-
er, HarveO ID. Scott, John n. Evans and
Newton Booth, attorneys at law, to prosecute
ana defend all suits necessary to defeat said
claim; and should said attorneys succeed in
holding me clear, free, and harmless from
said note, or render il impossible for said
Railroad Company, OF their assigns, to re.
cover the same from me, [ obligate myself
opay said Attorneys, without relief from
valuation or apprsisemnt laws, the sum
of 5
A similar paper authorizing the same
parties to sue for and recover the lands that
had been conveyed to the railroad for stock
and agreeing to give one-half the quantity
recovered TO the Arorneis for their services,
was executed. To these latter papers was
attached power of attorney, authorizing
one OF the gentlemen TO vote for the parties
at all elections OF officers and in the trans.
action of other business at the stakeholder.
meetings. Over one hundred stockholder:
had been begulled into the plot and armed
with these proxies to vote, the design of the
contractors was to elect a Board eff Direct
ors composed OF their own creatures, VIII,
would GLOW them to carry on their suits il
their own wrv--dissolve the company-ant
make f. division of the spells anon,
the scheiners. The President says thes
measures were fortunately defeated, and
Board elected, who are determined to pre-
serve the corporation, secure its assets, ad
justsits accounts, enforce its claims an,
finally relieve it from all its difficulties
When this is accomplished, stockholders ma
decide whether they will carry the origina
enterprise through, or transfer the propert
and franchises to new eorporators for wha
they shall then be worth. o..
Fall confidence is expressed in the fna
completion of the road, which, in the opiu
ion of the Directors, is only question G
time; and they appeal, with earn estness, I
the stockholders to sustain the present Di
TectOry IA their efforts to bring order out c
the chaos in which the conpanys affair
have been involved, by mismanagement AM
INSCRIPTIONS betrayal of trusts on the par
of contractors. They also warn their con
stituents against the insiduous designs @
men who would lead them to strand tn
ship in which they are embarked with tn
design of plundering the wreck after tn
disaster.