The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-07-20
LETTER FROM EOPKINSVILLE.
E..H.& N.R.R.-Ob Objections TO the
Proposed MISUNDERSTANDING
OF its Failure In Christian County.

HoPKINsvIJ LIE. KY, July II, 1869
Editors Journal:
1 must beg pardon of you and your
readers for again asking their atten-
ton to anything 1 may write, but the
E H. & N. Railroad, [ feel to be of
great importance, and take the live
Hest interest in its early completion.
Iu the observations l made few
days ago on the plan recently sug-
gested and proposed at Henderson.
and in which 1 ventured in an humble
way to question the utility thereof, l
omitted to mention one or two other
objections to it that have occurred to
some Of the waTmest advocates and
best friends of the enterprise IN this
county.
We had made earnest effort to carry
out measure which We felt sure
would secure the early completion OF
/ the road We We're met with clamor
for guarantees and by the most IN
sidious opposition OF the protested
| friends of the road, aud we knew that
| most of that opposition and clamor
was raised by influences having their
origin in Tennessee and in enmIty to
the present Directory. These causes
of defeat were more active here and
| in Hopkins County than elsewhere,
and hence we here, who knew these
things, were apt to view with dlstrust
any proposition that was cOnfessedly
concession to these very in
fuences that we knew to be hostile
to the present Directory, if not to the
best interests of the road.
The first of those objections is that
! by this plan the the Railroad Com
pany is absolutely compelled to GIVE
AWAY five or six hundred thousand
i dollars of its stock. Look at the
"plan" as embraced In the PROPOSE
ton, and tell us what the Company
gets for her stock. This is gross ia
Justice to Henderson City, to Hop
kinsville, and others, who own aud
have paid for stock, besides requiring
too enormous a sacrifice from the
road at this very critical juncture in
its affairs.
Besides this, as security to the
counties that the Railroad Company
will not only pay the interest on the
bonds issued to it by these counties,
but also the principal, a0ben due thirty
gears hence, the Company is required
to deposit its first mortgage bonds TO
an amount equal to the stock sub
scribed Now, we say that the Gus
todians and depositaries of these
bonds can not, in good faith, give
them up to the Company for at least
three years, and not then unless the
road is obviously able to pay all the
principal Of these county bonds at
maturity, and the constantly aecTulng
semi. annual interest. And as the
custodians of them here are not the
best friends of the! road (outside of
the Directors on the Hst) we feel sure
that not a bond will be given up.
But it Is said that they, will be CIV
en- up. Well, that is mere conjecture,
and if they are, it is the merest farce
to put them in their hands, and we
think it unwIse to place the prospect
ty of the road In such hands. We
think it far better to vote the matter
down, and let the next meeting oil
stockholders provide the means foI
building the road through In a much
shorter time. This can be done, and
: | for one, would greatly prefer seeing
our present stock become almost
valueless with the road speedily fin.
ished, than to see the enterprise Ian.
guish for number of years, under
the plan proposed For, in the mean,
time our stock will be worth nothing
and interest still having to be paid
and yet no road
Yours for the best interests of the
E., III. & n r. r., and for its early
! completion. EDELwEIs.
z. S.-We feel sure that the pro
posed tax will not carry in Christian
County.