The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-04-11

Visit from the Oflcers OF the T., b.
& N. Railroad, and OMciais and
Citizens of Henderson. iA4ota

Gen. u. /. BOYLE, President or the
Evansville, Henderson and Nashville
r. r, Company, Col. CHEATHAM, Of
Nashville, President of the Nashville
and Edgefeld r. r. the Mayor and
majority Of the City Council, and
number of other prominent citizens
Eof our sister city of Henderson, for
the purpose of comforting with our
people and officials in reference to
the new E., H. & N. R. r. ' o3 To- \
An informal meeting was called,
upsn a short notice, at the Council
: Chamber, at half past one O'Clock,
which was attended by goodly num-
Der of our prominent merchants, cap,
italists, and property holders. The.
meeting was organized by the ap-
pointment of JOHN J. CHANDLER,
Esq, as 9Chairman, rand JoHNSCW.
FosrER as Secretary. Mr.. CHANDLER,
on taking the Chair, stated that the
object was specially to hear from Gen.
BOYLE as to the condition of the new
Company and the prospects of the
Road to learn from our Henderson
neighbors as to what they had done;
and what it was proposed that Evans
vile should do in relation to the en-
terprise. 49,
s Gen. BOYLE, being introduced by
the Chairmans addressed the, meeting
at some length. We cannot do more
this. morning than give some of the,
more important points presented by
the General . He stated that this
Railroad was no new project; that its
Importance had been early recognized.
As. early as 1887 Ex-Gov. POWELL
obtained a Charter for a Railroad
from Henderson to Nashville. But
nothing further was done till 1857
when the enterprise was revived, but
no efficient organization was set on
foot. In 1854 the several acts of leg-o
islation were consolidated, a company
organized, and steps we're -takenz.to.-
wardsgthe ecustruction1 of the Roed;E
From 1854 TO 1858 or 1859 the work
was pushed forward, and six or seven
hundred, thousand dollars .ex-
pended; until by misfortune the en-
terprise proved failure, resulting
from fraud. or mismanagement in /, the
use of the Bonds in Europe.
The General gave somewhat in de-
tail his connection withethe revival of
the project. and the organization of
the present Company; his visit to Eu-
rope to obtain possession of the bonds
of the old road; the suit instituted in
the Christian Circuit Court to obtain
possession of the franchises and
property Of the old Company; the
sale under the order of the Court,
and the subsequent proceedings, of
which full accounts have been here,
tofore published in the JOURNAL.
The General made more full states
ment of the value of the & road
bed and other property of the
old L. & N. Company than we
have heretofore had, showing, by
the estimates of experienced engi-
neers, 4horoughiy acquafnted with
the Road, that it is valued at from
$3.50, 900 to SIS, 900, the latter being
the estimate of Major FosTER,Q 2 the
Engineer of the old H. & NJ Railroad.
The General explained the manner inf
which the property (road bed i &c.,
ofotheSH. & N. Company was to, be-
capitalized, which is fully set forth In
his letterste the Mayor of Henderson,
from which we copy in another col,a
| umn.
I AS ltos Che prospects of the Road,
Gen. b. said that Henderson would
subscriber stock Ato tho amount of
$500, 900; he was assured Hopkins,
County would to the amount of $780,
900, and Christian County 100000;
$4,000 or $4,000 cash subscriptions
were expected from districts in Todd
County; and $4,000 from Webster
County. With the amount of work al.
ready done on each; end Of. the Road,
if Evansville will make a.subscription
Of $500 ,OOO,i he would entertain no
doubt whatever of the early compile
ton, of the entire road to Nashville
And to make this subscription he.
said there might be one or two points
about which the people of Evansville
would want to have better under
| sta ndinr