The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-09-09

+ amount. In 1864, in the course Of your
attemo4s to realize something from
Athe wreck. we purchased the road bed
!. and the franchises Of that company,
at q public sale ordered by the United
States Circuit Court, we being the
highest bidders. This purchase did
T not include, as the writer Of the arti-
Gle asserts, the claim Of the company
/ against the city Of Evansville, WhIch
claim has never been bought By US,
lseither jointly or severally, but re
mained to be disposed Of, with the
other assets of the company, as the
law directs.
Recently, ae have been assured by
many prominent citizens OF Evans
vile that the completion of this road
is exceedingly important to that city;
and as we are now enabled to make u
junction with the Indianapolis & Via
cennes Railroad, just built by General
Burnside-s0me seventy miles below
indianapolis, and q recent law author
iz5s counties and townships to donate
for railroad purposes, the present
seems favorable time for rendering
the work already done available. not
only to ourselves, but the public. We
have a common interest with the peO-
pie OF Evansville and Of the country
through which the road passes. / did
suppose, before { Iread the article re
ferred to, that il would be conceded
by everybody that mutual cO-Opera
ti0n Of the owners Of the old road
and of the people was absolutely re-
duired to insure success. Certain |
| am that Eastern capitalists will invest
no money in such an enterprise un-
less the people, who. are to share Ia
the benefits, shalf deem it for their
|. interest to aid with 3thdir donations
General Burnside has been able
to build his road only by first obtain
ing donations, as Inducements to cap
Halists to invest EtheiT capital IN the
stock, and without these donations,
the capital could not be obtained nor
the road built.
We, Therefore, make this simple
offer TO the, lzeng of Evansville and
Of the counties aud townships through
which the road is to pass: If you
will donate money enough to fit the
road foF the iron,l payable 10Isn Hle
cars run 0Uer the entire line, we will
raise the capital required to do the
work and to purchase the iron and
equipmen nts.. In order to do this, we
shall have to associate with US many
others as stockholders
1t is ascertained that the expense
of fitting the road ready for the rail
will be 100000, perhaps somewhat
more. The iron and equipment will
cost about S500,000 lAlFthis money
we shall shaye to raise We have ac-
cordiDgly organized a company, called
the Evansville 4 Indianapolis Rail
road Company, for the purpose of con-
structing a railroad, along the line of
the old road, 50 far as that is graded,
from Evansville to a point intersect-
ing Gen. Burnside's road In Greene
County, furnishing an almost direct
line to Indianapolis. 1t is IN
dispensable to success, that the
old road bed should, in the
main, be used, since without that,
capital enough could not be OBJ
tanned We therefore, the present
ownars, propose to put il into the new
IcOmpany, as stock, at a nominal value,
to be agreed upon by the parties in
terested. As to our valuing it at $400,
COO, neithcF of the owners ever
thought Of fixing even its nominal
value. as stock, at one half of that
sum, Whether it will, IN fact, ever
be worth anything to US, is for time to
| determine. Nor IS il easy to perceive
how we have any such capital " tied
| up al IT,
La cone' Eng, submit to the can
did req. VI be letter Of Mr.. Kenne-
! dy, which tie writer of the article
comments upon, that, read Alright, it
1 furnishes no ground for the infer
/ onccs drawn from It, Its object was
to assure. the citizens of Washington
/ of our disposition to accommodate
! their Locdt interests, so far as We could
do SO without prejudice 10 the general
interests OF the line, and without
Ilosiug, both TO ourselves and the pub
lie, the work already done at such
cost.
As to the assertion that the sub
scription which Evansville is now
paying being based upon a promise
that they would secure the road to the
/ O. & NJ Road, it is sufficient TO oh
serve that neither the present owners
Eor those whom they represent, arc
parties to that contract. Their share
Of the loss arising from the failure OF
the old company to lulhll its promises
is enough for them.
I extremely regret that the ideas
Of the writer of the article
| in regard to the magnificent
speculation, have no better
foundation, in fact, and | beg leave to
say again to the intelligent and enter
prising people Of Evansville, and Of
the country along the line, Donate
money enough to ft'the road for The
iron, and We will do the rest, Will
such donation the work can be done
/ Without it, it cdnRot be done With it
. the cars may be running in one year
Without it, it is probable that many
long years will pass before it will b.
accomplished. FRANCIS FELLOWS.
HARTFORD, Conn, Aug 70, 90.
azzzzzzzzzzzssnz1
~0unUNCwD TREEGRA