Evansville daily journal. (Evansville, Ind.) 1863-1866, 1865-09-26

to gel iHto q hornets nest even when qui
city prospecting for oil on private &C
coant I can only pray for the uecss-
sary patience and fortigude.
Mr.. Blythe and / never differed in opin-
ion as 10 The Law in reference to the
ciig's Liability upon the subscription to
the Straight Line Company stock, but the
Supreme Court Of the State once dsei-
ded that we were mistaken, aad nov the
Circuit Court Of the United States is
called upon to do so, by q lawyer who
\ is not more likely to De mistoken than
Mr.. Blythe, Mr. Ingle or myself Can
dor requires, perhaps, that I should con-
ceds 70 Mr Ingle's superior judgment,
for contrary to the opinion of Mr Blythe
and myself, and q multitude Of ofher
good lawyers. he procured the Su-
preme Court 10 decide in McNall's case,
that wharf boat floating in the river
was house.
may be mistaken sgaln, and / pro-
pose that the citv avoid the risk Of losing,
out aud out, S260,000, by expending
$l50, 600 in completing work in which
she has already invested $l00, 900 with
eight years interest at seven per cent.
Mr.. Ingle assumes that il the city
subscribe $4,000, Messrs. Merit and
Fellows will build us road at cost Of
81 600, 900, that we and our neighbors
will Of course have to pay. Here rs q
/ striking illustration of the extent to
which private interest or passion, or
! both combined, may induce any one to
/ throw of restraint and say anything,
however absurd, which they may spgg est
as Ekely to accomplish the desired end.
Mr.. Ingls would not coolly and dispas-
siouately make such an assertion. He
knows better. He knows that q mere
stockholder cannot be made liable to pey
one cent more than he subscribes and
Uoluntariiy agrees 10 pay for stock, un-
less after e1hdHsting all the Gsssts Of
the company there should be q balance
due men who have labored for she com
pany. The labor to be~done on the pro-
posed road will not amount to Sl25, 600,
which must be paid for as the work pro-
crosses, aud no considerable balance
could ever accumulate. The assets OF
the company would always be sufieien,
to pay any such balance.
With all the bad management Of the
Straight Line road, and the heavy losses
to subebntac.ors no stockholder has ever
become liable 10 pay more than bis sub
scriptions Nine-teDths of the cost of the
road will consist Of the price Of iron and
rolling stock, for which stockholders car
never be made liable Mr. Ingle knows
this, and yet, in his phrensy he ventures
to make the assertion that we and our
neighbors will have to pay 81 QUO 900
He knows, too, that, allowing this road
to cost fifty per cent per mile more thar
the Il 4 G. road, it could be built and
furnished with rolling stock, depots, wa
ter tapks, &C., If nothing had been done
on it, for aboat 81 500 600 instead O
SO 600 900, as be states This show
that a DISCOUNT Of at least twenty-five
per cent, for rseklsssness and exagger
alton, should be made from his facts anC
arguments. ns
The canal, too, is a bugaboo Il will
render the Straight Line road useless
according to Mr. Ingle His fear
are without foundation. Let ihl
canal come, the quieksr the better
W. shall then have wood at 80 so I,
SO 90 per cord instead of $5 TO $6 /
Mr Ingle would transport wood on hi
road, we could get it now for 50 so pc
cord But be refases to so for the reasol
that by refusing to bring it to the city
he can buy il along the road for. III
railroad company at about 81 so pc
cord-just what it costs TO cut and de
liver il, By Mr.. Ingle's course in thi
respect, the Inhabitants of this city los
at least $4,000 year. Let as have tn
Straight Line Railroad and the Cana
and by their competitions compel MI
Ingle 70 conduct his road With view t
the interests Of the people, aud il wi
make difference of 100000 in SIT
} gle.winteF, in the cost Of wood, coal an
commodities consumed in the city, Will
the producers will be equally benefte
By the enhanced value TO them of th
+ same commodities.
: JAArrs a .JoNFs