The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1867-01-02

this Road has beegf as 1t Is now, under the
iull. complete and entire control Of the
Stockholders, their Presidents. Superin-
and directors. The policy, sys-
ten and workings Of the Road have been
the policy, system and workings Of the
Stockholders. as expressed through their
President. We have never had, but one
President IMr. Boyden) who was not the
choice of the Stockholders, as expressed
through aheir Directors. Wctueed reform,
we must have reform in the administration
Of the Company affairs. We cannot. stand
al what we are at. We must sink still
lower or rise IRON our present low condi-
tion. We must get better or grow worse.
Our pain in the stomach llsnot produced by
eating green apples thrown u BY The State.
The State has ted US upon ripe delicious
fruit. aIil2 fact, we have chosen what kind
Oh fruit de- WoaJd eat, aud the State has
been prsdigal in proyid,ng VI. Alltile self
examination, Mr.. Chairman, would soon
lead US 10. understand why why we now
have. pains iniour corporate stoa,achyf Hut
selfrexaminatieH is never pleasaut--eyen 10
the christian man. however accessory il
NAV be to keep him. IN the holy way.
'lnow propose, with the appreciation o.
the meeting, to indulge little IN The un-
pleasant duty Of DIFFERENTIATION | may
be pardoned. but not coniradlcted Tor say :.
ing We want order aud system in the man
agement Of our affairs. Our system has
been one wide sea of extravagant exnendi-
ture and waste, without chart compass or
Accountability. Last year. without pay.
ing the interest on our debt, We spent, as
Ear as ascertalned. one millloa three hun
bred thousand dollars. An observing III
rector thinks when all is. told, the expen-
diture for the year will reach one million
Eve hundred thousand dollars. ss
Amul our many labors and duties. we
keep tavern and have store what our
tavern house cost. We do not know. What
keeping the house has cost Us We do not
know, qior We kept no books or accounts
until AugustIast. From August up 10 this
date, our tavern keepIng has Gust Us two
thousand dollars. Our store is kept upon
the principle Of our Hotel. As the Hotel
has no register, We do not know who goes
or comes. As the Store has no day book,
cash book or journal. we DO. not know our
losses We have no gains.
This much We do know, tina. thirty, forty
and eyep 6Ity, thousand dollars Of goods,
in The articles OF corn and provisions, iron,
spikes. oil, &c. are annually placed 10 the
store. Our clerk keeps no books or &C
counts ;.he only keeps store. with no Other
checkppon him than bis honesty. Ills goods
are dealt DOT, IL is true, TO the hands IN the
employmeut Of the Company, but that i.
no reasoa why he should be without books.
accounts or accountability.
During the war our then Superintendent
is saldito have nzde his. thousands by high
speculation. know some oil our conluc-
tors were engaged in The same business. |
never heard they speculated With any other
than heIr own funds. Today, accounts
are presented for pa , men Tor lumber bought
during Mr.. Fishers administration IN 1856.
To-day payment IS demanded for % bags
Of cottUn which were stolen from one per-
son in 1868. 0nr loss from stralsge il i'm
mense.. Ne are complained Of aad sued
for stolen tobacco, stolen cotton and stnIen
goods OF every kind. We are sued and
complained OF Tor burning and nam.
ing men and women in our sars. Oae blow
mp and burning was not sufficient 10 make
os sweep the cars and clean them Of the
powder which we had transported for the
grmy. Twocars were thus blown 10 be-
lore We would sweep them. | night here
stop, and rely upon these facts TO show that
our sssten IS as ! have stated, one wide
sea Of eI,ravagant expenditure anil waste,
butasttis Is reform meeting Of the Stock.
holders, seeking TO. be relieved oi pain 10
/ the stomach, will mention one other most
astonishing aud painful Tact. Wehaye had
az agent Charles Parmento) in New York
ever since last May, spending money hand
over fst. Who authorized hipto spend our
money We are not able 10 find out. The
President lMr. Boyden) says be did not ap.
point him agent Coz the Company. The