The Placer herald., 1864-10-08


a series OF questions. Those questions and their
replies thereto are hereto annexed. The ques-
tons are exactly in the manner and form pro
pounded, and the replies those of the officers as
near as they could possibly be taken down by me-
perusal of the replies will show that the whole
examination proved a farce, and that the affairs
of the company and its management is as much a
''sealed book" to all but the initiated as it ever
has been; and that it is not the intention of the
company to permit their accounts and transac-
tons to be inspected, lest they say, it may in
terere with their outside "liscal arrangements' y
After the officers OF the company had shed so
much light on their transactions and afforded us
such ample and accurate material to colate and
prepare an ample and satstactor report for your
information, report was prepared for our sigma
ture, and as We OF course. could not be expected
IRON memory alone to prepare it, some one, or
! perhaps more, OF the officers OF the company, as
! hrmly believe, kindly took that duty on them
selves, and saved US the trouble and responsible
| ity The report however, / refused to sign. con
sderng it, in many respects, an unlathlul record
oil facts, and IN is general frame work docu-
ment OF an entirely different nature from the one
required. AS to the general history of the Pa
cic Railroad in the hands of its present energetic
managers, you are doubtless entirely familiar. as
the public press from time to time has kept you
lully advised thereof. reeterationot this. there
lore, can advance no useful purpose; but faith
lul record of the internal management of the
aIiars ot the company would be Of vast import
ance; as from 1t. we, who are so deeply interest
ed IN IL, can see in what manner our moneys have
| been expended. and whether their officers have
been faithful to their trusts. This iniormation
am constrained to say. | fear you eau never OBJ
tain from the present Board Of Directors of the
balifoad company, except. perhaps, through u
compulsory legal process. Everything that saw
connected with their mode of management ire
sistibly forced conviction upon my mind that this
! ENTERPRISE. n1acp n hpin init al
to be, great national enterprise. has degener-
ated into scheme for the sole advancement Of
the personal or pecuniary interests of the Direc-
| tors and their tavorite associates; and that the
interests Of the stockholders and others will be
entirely sacrificed to aggrandze the projectors Of
the undertaking, Now. in the apparent pleni-
tudc Of their success, they find it convenient to
refuse information to their stockholders to com
plicate and confuse their accounts so as to defy
examination. Yet the time will arrive when such
a course will recol upon them, and the Company.
whose rights have been outraged. will deprive
the Board OF their powers of further evil | alb
stain from making any extended comment upon
the answers made by the Directors to the ques.
tons they condescended to reply to, or upon their
refusal to answer others. A simple perusal of
them will suffice to show:
First-That the Directors will not and dare
not, show to the stockholders how their MONEYS
have been expended.
Second-That the Directors will not, and dare
not, show to the stockholders what amounts they
have paid among themselves for services and per-
qunnu' qmh;e, nj, ~. n... -,
nho in"s 'nc i,ilec'ots VIII ilot' ana dafe
,a 'ne % 'nc eAcl Pos''lon Oh
eno ''liato " Inp Euip"ny' VI 'heii OWN dellh-
Fourth That the Directors do not intend to
'io 70 ,ne ?,ate l'ng: ou1
Dr'9 pa9, ,uio,Gns n ua,a1ce 70 Ieeu tne wagon
e - 'H' oy I'oiI,oho o' ,nG Doaro
@ ~ -in,', 'i i'',c .nac tne "note co1
I 20 . InS'tuCeo cohouc'cu'
' ' M w. JA iCn 'nc Dicc'ois anu ilpoV
VI '1'n WV 1too tho,
Th "m o,"t n,i' r ,Iq w. your co1siuera'ion'
;t ~ ia u. aS WI III an pIoo'pil-
w ' i"u w. ~ - noi you 10 Judge pe
sao,,nt =, ~ paoiG' w Icy upon 'le laIIer
Hn poe"i'pn' p'1p"lGu' do feiliy oeleVe' ny the
renort Of NV ssocitnp py & i th e. peins ane
,Lpn ~ 'S J'y III 'i'9ir Ssna9ureS,
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