The Placer herald., 1864-10-15

information, report was prepared for our 81 cna.
ture, and rs we, of course, could not be cXpe ted
from memory alone to prepare it, some one, or
perhaps more, OF the officers OF the company, us
| firmly believe, kindly took that duty on them
selves, and saved us the trouble and responsible
ity. The report, however, | refused to sign con
sidering 1t. in many respects an unathlul record
oil facts, and III its general Framework a docu-
ment OF an entirely different nature from the one
required. As TO the general history Of the Pa
cfc 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
fully advised thereof. \ rceitcraonoi this. there
fore, can advance no useful purpose; but a faith
full record of the internal management Of the
affairs Of the company would be Of vast import
ance; as from it, we, who are so deeply interest
ed in it. can see in what manner our moneys have
been expended, and whether their officers have
been faithful TO their trusts. This information,
am constrained to say, fear you can never OBJ
tain from the present Board Of Directors of the
Railroad Company, except perhaps. through
compulsory legal process. Everything that saw
connected with their mode of management ire
sistibly forced conviction upon my mind that this
enterprise, in place of being as it was intended
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 aggrandize the projectors OF
the undertaking, Now. in the apparent plen-
tude of their success they find it convenient to
relnsn informotion 10 thnir stockh, ldnrs 10 com
nlicntn ana confuse thnir accounts ca az to dnrv
examination. let the time will arrive when such
4 course will recoil upon them, and the Company.
whose rights have been outraged will deprive
the Board OF their powers OF further evil. | alb
tho ons,vors MD hv iho D;rnotorS tn tba rI,os
tions thov rnnllrscn1dnI to ranlv to orrnon ihcir
refusal to answer others A sinnIn ndrnsol of
them win snfirn n show.
First MAT Tho niroc+o.s will MOI and dana
not. show to the Stockholders how, thair nonnvs
have been extended.
Second-That tha Directors will no+ ord d,ro
moi. show to the stockLoIIors what an,nnmts tbov
have Maid amono themselves for sarvinoe ond ,,or
quisites.
Third That tho Directors will NOT onl daro
not. show the stockboIdnrs lho nvact noeition If
fine affairs of thn Conn,nv ar thnir au,n dnIin
ouencv as stockholdnrs
Fonrth the Directors do NOT intond IN
nrosecute the enfrrnrisn to Tho Stnta Hno bnt
only a sufficient distance to "leedn the Wagon
Road cuterprise owned Inv nortion of tho Roord
of Directors And i'm Gnn tbat thn whole con
Germ il = close cornnration Instituted conducted
and MANAGED to enrich the Direntors and imnov,
erish the Stockholders
now subnit tho sui,;.ct f., YAM ooni dor,ti,,
The report Of NV associatps viii in al nrohobil
ity be laid before Won II is for Won ia ind on no..
tween them. If Won nlcfer to relv unop tho latter
document, prepared as | verify believe. bv the
Directors of the Eonpanv themselves hninr tho
report of nv associates only in their sirnatIres
then 7 am content-I shall have discharood NV
| whole duty towards you-and without pTciudicc
or fear Of conseoncnces have endeavornd 70 nv
| nose a scheme rarely eycallrd in the history Of
cornorations JAMES r. ROGERS
President of the Board of Snnnrvisors
of Placer County
O,tcstions n,oDo,t7ded 10 Lbe ot7cers M tbe Gen.
R0geys President of the Boafd of Supervisors
of Placer Couufy:
ist-How much Of the capta stock has been
issued. and the amount to each?
Answer-Eipbt Thousand seven hundred and
twrntv-one shares of fun mid stock have hoon is
sned. comnanv decline irving abstract of names
of stockholders and Mr.. Madden and Scott do NOT
recuirn il answ
How much stock has been issued for other
considerations than cash? To whom and for what
object?
Answer-Eleyen hundred shares TO Lombard Il
Co for iron and seventv-ive thoustnd dollars tn
Woson 4 Co for cars
3-How much cash has been received from in
divdual suhscrintionsP
Answer--Eonr hun,lred and fourteen thonsand
dollars and fourteen cents
4thWh,t is tba .,,nount of tho snhscrintion Inv
the Directors. how n,nrh snbsc >(,ad nv each ana
yboihar ~, ot thnv h.,.a naid ash Grr thn s,n,n9
Answered. p. 'Uuntin,ton six hundred ana
dctv shares. Mark Hon[ins six hundred and ditv
shares. Leland stanford. six hundred and seventy
five shares: phlip Stanford. six hundred and 81 X
ty shares: b. b. Grocker. ten shares: d. NJ. Strong
GIftv shares. C.. Marsh. dftv shares: f.. A.. Booth
ten shares: Il. Miller. ten Shares. Cash has been
received for the same as far as paid. COMPANY
refuse TO allow a list of how much has been paid
by individual directors. or how much deliuouent.
5th-How much individual stock has been sub
scrihad os 4 tot,lq How much maid ON accoput Of
samn2 How mucb deliuueut stock is on the hooks
and who is delinauent?
Answer-With regard to deliuouent stock, the
comnaltv decline oiyinp an account. ana Mr.. Scott
aud Madden do not see the necessity of it.
Gth-IIow much stock has been issued by the
company TO contractors! Whether or not they
have transferred if to Others? If So to whom
Ans,ger-l'wo hundred and ninety-seyen shares
of stocl, have been issued to contractors.
7th-How much has been issued. fulI paid. to
parties not living in California; amount issued to