The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-08-19

plans, the only feasible one leIC was
that submitted at the previous meet
ing of the stockholders. He there
fore moved the adoption of resolu-
tion which be read as follows:
Pesozoed, By the Stockholders of
! the Evansville, Henderson & Mash
vile Railroad COMPANY. n meeting
assembled. that me President. and
Directors Of this Company be, and
they are hereby requested, author
lied and directed, to take all such
steps as may be necessary to secure
the payment Of the debts of the Com
pany and the completion and equip
ment of the E., III. & n. Railroad, at
the earliest practical period, and to
effect this object, they are authorized
to use the mortgage bonds of the
Company, the bonds of Evansville,
and Preferred, Guaranteed, and Seven
Per Cent. Stocks Of he Company, Sc
curing % tbs parties who wilf take
the stock and Bonds cf the Company
a controlling msjority of the Board
of Directors If necessary; and the
President and Directors are Instructed
TO make the best contract they can,
and 90 what they deem best, under
the circumstances, for the interests Of
the stockholders Of the Compa;y.
General Boyle ten demonstrated
The way the adoption of this res
olution would result 10 securing the
| immediate completion of the road,
stopbing all taxation, and ultimately
saving ali the stock thus far takenin
the enterprise. He dealt largely in
figures, showing how a company with
the necessary capital and railroad ex-
perienee could take and complete the
road as proposed, and realize hand
some profit on. its investments and at
the same, time make valuable the
? entire ire amount Of stOck in the road.
Hs also replied to the objections
that might be urged against the plan,
! and Indignantly denounced all who
had directly or Indirectly insinuated
aught against the Integrity or honor
kof the officers or directors Of the
road,
At the completion of the Generals
speech a recess was taken until half
past one O'Clock.
Ga re-assembling at the time desig
mated, Judge Eayes, of Henderson,
| offered as an amendment to the reso-
luton of Gen. Boyle, the following
Proetdsd, houeUeg, That before any
contract for the completion of said
road shall be binding on said Com
panv. the terms and condition thereof
] Shall be reported to a meeting of the
stockholders, to be called by the Pres
ideut. aud be ratified by majority oil
the stock voting on that subject.
Judge Eaves said he had no dispo
sition to ind fault with the President
| and Directors for what they had done
and his object in Offering the amend
ment was to silence all crOakinG
and prevent the possibility of any
dissatisfaction with any contract tha
might hereafter be made.
Major Town, Of Madisonvillc, Op
posed the adoption Of the amendment
in a few earnest and pertinent re
marks.
Mr.. S. II. Lambert, Of Henderson
then offered the following:
ResoiUed, That the resolution offer
ed by the President of the Road b'
referred to a Committee OF one from
} the city of Hopkinsville, one from tn
County of Christian, one from th'
: County of Hopkins, one from the cit.
: of Henderson, and one from the cit.
of Evansville, and that they report Z
the meeting as soon as possible upol
, said resolution; whether the sam
= shall be adopted as offered, or amend
: cd. and if amended, then the manne
| of said amendment, and that sal
, Committee be appointed by the Chan
The President promptly decide
Z this resolution not in order, and u
{ appeal being taken it was laid aside
r Gen. Boyle said he could see no US
I under heaven for the committee, an
: the resolution was only another mani
f festation of what he had already
+ luded to. While it might not be 5
: intended it was, nevertheless, dire
! reflection upon the President ar
J. Directors. 1t was, in advance of al
action, a vote of eensure. He vi
y quite bitter in his denumciations
= these reflections and intiu ations, Il
}, said he had challenged an investigate
IS of all the transactions Of the Boar
y and no man had been able or had IL
courage to point out a solitary di
,e reputable act or one that had eve
d the semblance Of dishon0r. He wou
d not longer submit to these imput
+ tions. The General was quite as el
n auent as indignant, aud his speec
ID was frequently applauded.
Is Judge Eaves again disclaimed I
a. intention Of rejecting upon the Pre-
dent or Directors. He insisted, no
IT. ever, that the road was the proper
he of the stockholders, and not Of
Sa Directors, only SO far as they VT
be stockholders. The stockholders W.
" the principals, and the Directors
rly agents. He could see hOthing j
lst proper in the principals asking
k agents to submit their action to th
for acceptance or rejection before
his became final He was for the co
he pletion of the road at all events.
cry thought it far better to sink the stC
rs. Of the road if it could not otherv
est be completed.
At this iuneture in the dlseussi
Ill loud calls we're made for Robert
rst Hill, ofEvansvil'e, who came l2Tw
- Co. ih-nn c.narlers of