Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-04-25
OFFICE NJ. o. & z. R. z Co., 2
Eanrwrsr awE March n rsfn I

10 tas Directors Of the Company:
Gentlemen: At a meeting OF yOuI
body held on the 5th ult., the following
resolutions were adopted, tO-wit:
Reg0lUed That the President, Secre-
tsry and Treasurer Of this Board be, and
they are hereby appointed a Committee
with instructions 10 make up, rs soon as
possible, g full and concise report Of the
present actual condition Of the Miss, o.
& R. River railroad, which report shall
n1brace an abstract statement Of all re-
Ceipts and expenditures Of the company
or account OF the construction of said
rlad, with other and all Incidental ex-
penses, FOR each and every year from the
organization Of the company 10 the pre-
ent time And that said report shall
also en- brace a statement Of the amour;
OF stock that has been subscribed; what
amount Of said subscriptions have been
paid IN; what amount forfeited, showing
a balance Of total amount OF stock with
which the company j. al present charge
able said report shall also embrace 8
statement of what work has been cone
on said road; what amount Of track
laid, and rolling stock and other prop
ertv purchased, and how much Of said
rolling stock, iron, railing and other
property at present remains which can
be made available for the future repair
and construction Of the road.
Re8olU0d, That said Committee be, and
they are hereby instructed, 30 soon as
they can make up said report % forward
q certified copy thereof 10 bis Excellency
Isaac Murphy, Governor OF Arkansas,
and that the governor be requested 10
confirm, by deed, the donation Of 257, 900
acres Of land made by the Legislature OF
80 aofd lanrer.nng fsa af an
proved the 10Th day Of January, A. d.
1881, the title to which should have been
conveyed by the then Governor Of Ar
kansas, in pursuance Of the provisions Of
said act, but which be refused TO do on
the grounds that the Convention Of the
4th Of March, 1861, Substantially an
nulled said donation. That accom- pany-
ing said report be forwarded TO his Ex-
cellency q COPY Of the report made 10
this Board on the 25th day Of November,
1881. bv the Hon J. 7. Elliott, then, as
now, president Of said company, which
report reviews IN crte7ls0 the act Of the
l6th Of January, 1851, donating said
lands, and the objection o; Hon. 81. N.
Rector, then Governor Of Arksnsss, IA
respect 70 his refusal 70 confirm said do
nation BY making q deed Of conveyance
20 said company.
and desire OF this directory to have the
n. o. & r. R. r. r. completed, at Iesst
from Camden 20 the Mississippi river, as
soon as il can possibly be done that In
their opinion this wish aud desire is fully
shared by every stOckholder Of the COM
pany, As well a. by al the people Of
South Arkansas.
Rsso,uod, That Il is the fixed purpose
and determination Of this Board 20 use
their utmost exertious and endeavors TO
put said road, as rapidly as possible, Ia
course OF construction and to appr0pri-
ate all the laHds that have been donated
20 the company, If necessary, for that
purpose and with that view, u is their
purpose, as soon as the donation
Of said lands Be- confirmed by deed
conveying title, etc, 70 publish
proposals for the construction OF said
road; and, II there be no other alterna-
tive for the speedy construction Of said
road, 10 mortgage the entire capital and
assets Of the company q any Responsible
individual OF company who will accept
the proposition, and give satisfactory
guarantees for the construction Of the
rosd in a certin given Time
ResolUsd, That q copy Of these resolu-
tious be forwarded 10 the governor, with
the report Of the committee hereby d.
reoted 10 be made, and thst his excel
lency be earnestly requested 70 lend the
aid Of his personal, as well as official, In
fuence in behelf Of said road.
In compliance with the above resolu-
tlons your committee entered at once
upon the discharge Of the duties assigned
them, and beg leave 10 submit the follow
ing report:
Many Of the books and papers Of the
company having been lost or mutillated
during the late war, they found IL Inn
possible 10 make an accurate detailed
statement OF the actual financial condi-
ton Of the company, especially in regard
70 the amount that ought 70 be credited
70 the subscriptions on stock, and IN re-
spsct to the outstanding indebtedness of