Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1859-07-02
To the Stockholders of the AshfabuIR g.
New Lisbon Rail Road.

1t may not be uninterestiDg to you to know
what your Contractors are doing towards the
completion of their job, on the Northern Divi-
scn of your Road. And as we are often asked
our opinions in regard to the prospects and pro-
gress of the work. we take this way to inform
you in short We have now at work on the
Road, between the centre of Bristol and the
town of Ashtabula, some one hundred and sew
enty-ive men and teams. Some in each town.
Several miles of the road is already graded and
ready for the Iron. At number of points on
our job we can work but few men in place.
We are making every effort in our power to
see the work completed, and mean that nothing
on our part shall be lacking. As to the pros
poets of the road generally, they never were as
good as at the present time; but to keep the
prospects good, we believe the work should be
prosecuted with vigor. AS in our opinion
suspension of the work at this time would be
very injurious, if not entirely disastrous to the
entcrprize.
Now, in order to keep even the small force
we now have at work, we must have more pay
and that promptly. The most of you under
stood that the subscription, known rs the
100000 subscription, was procured last fall,
and after resolutions were passed by the COM
pany to that effect, the stock subscription was
placed in our hands for collection, with instruc-
tions to go on with the work, and collect the
subscription as fast as the terms of that sub
scription would allow. Said resolution was
passed in large meeting Of the Stockholders
at Orwell last January, without dissenting
vote. The first installment was made due in
February last. We employed e. A. WRIGHT,
Esq, a well known citizen of Morgan, as our
agent to collect. Mr. Wright called on nearly
every Stakeholder (hey not calling and paying
the instalment due.) He says nearly every
Stakeholder claimed that if he could see the
work progressing, he would pay, &c We put
the men to work, and have not been able to col
lect one half enough to pay the estimates 1t
is not in our power to do work at every stock
holders door, that he or she without any ef-
fort may see it DONE we think it should be
enough that the work is done somewhere on the
line OF the road, as their officers direct A
large amount of work has been done aud money
expended, and those that have been the most
liberal towards the enterprise, are anxious to
see the return OF their money. We conceive it
to be not only an act of justice, but the bound
en- duty of every stockhoder who has not paid,
to do so promptly, and not let other men suffer
for their neglect. Can any one think of letting
the work stop at this late date, when the road
is so near ready for the iron, and all doubts re-
moved as to obtaining the Iron and Rolling
stock on reasonable terms? The necessity of
the road is becoming more apparent every day.
We are informed that parties have so much con-
fdence 10 the Minerals on the Southern divisions
of the road, that they are willing to furnish the
Iron, even though passenger never pass over
the road. We, as contractors, have always
spoken in high terms of the road on all occa-
sions and have never had any reason to aban-
don the idea Of the full value of the stock, when