The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-11-16

lied, by vote of Ia, log shares against |
100, to lease the road on some such |
terms as those suggested by the Pres
ident. The lease, after delay of
several weeks, was finally consum-
mated, and was ratified by the Direct
ors on the 7th OF October. On the
same day this action Of the Directors
was submitted to meeting Of Stock
holders, at Henderson, and by them
ratified and approved, with only 119
shares of stock in the negative, by
those voting.
The terms of the lease have been
published in our own, as well as in
the Nashville, papers. 1t IS evident
that the lessees of the road secured a
good bargain, making, as they did. its
necessity their opportunity. They
claimed to be animated by no higher
motive than self-interest. Many of
the stockholders recognized the bar
gain as hard one on their part, but,
they argued, what else can we do? If
we refuse to ratify the lease, the Road
will be sold Immediately under the
Deed of Trust, and all our interest
| in il be forfeited. By the terms
Of the lease there is possibility, if
not probability, that at the termi-
nation of the lease the condition of
the road will be such that our stock
will command something in the mar
ket. But, above all, they concluded
that the very liberality of the lease
, would insure the immediate compile
ton of the road and the payment of
its pressing liabilities. 1.-THE Road
is what we want said large ma
jority Of the stockholders, ''and rather
than have its completion long post
poned or fail entirely, we would pre-
fer to donate all We have thus far sub
scribed.' a saz .as
We are confident we do not mis-
: represent the feelings and opinions
of majority of stockholders in these
3 statements. We mingled with them
r freely and were at much pains tC
: ascertain their views. aas
Q But suppose the programme hint
? ed at BY the Nashville Banner be in
3 augurated, and an effort made t.
] break the lease, through the instru
!. mentality of the courts, what will b
the result 2 IL SDI.1lB
In the first place, the payment o
the indebtedness of the road to tn
State. Of Tennessee which is provide
: for in the lease. will be postponed, i
! not ultimately repudiated or forfeited
= Secondly, the contractors will hes
itate to advance money on othe
claims against the road, which the.
: have agreed to pay. until they know
: of a certainty, that their lease viii no
be set aside.
Thirdly, they will be so annoyed b.
these ILL omened lawsuits that the,
y will be unable to devote all their eff
forts, as is now their intention, t
i completing the road. We are assured
" we may state parenthetioally, that th
road can be finished in, ten months
: and will be if the lessees are not ham
pered.
N Fourth, if the lease is set aside b
lie the courts, the road will be in tn
10 condition In which it stood preViou
h to the lease. An order for its sal
d will at once be issued, it viii be got
g bled up by some spectators for
y song, its completion indefinitely post
: ponedg and all the money spent thu
. far on its construction, stock. fran
d chises, &C.. will be forfeited by tn
70 present owners.
i This fourth result is all the Nash
IS vile conspirators against the roa
Of have to offer in exchange for til
Or present lease, which. however har
OF some of its terms, guarantees the CON
d pletion Of the Road and stocking
), WITH good material. Ltwill be foil
Id for the lessees to do anything else
u Ifthey desire to make their lease Walt
h able, they will be compelled to pu
y, the road. bed in good condition, an
" place upon it rolling stock that wi
at attract passengers and freight. b
1T this point we need not argue at length
he Everybody knows that road,
n which the Pennsylvania Central b,
o. comes interested. will not be Above
I'D to run down or deterierate. The Gen
trail Road, we are assured, is lookir
at to the E., H. and NJ Railroad to gal
90 a Southern outlet. and, consequent.
as viii spare neither expense nor after
Ia ton to make it worthy of the grea
u corporation which uses it.
~ In view of these facts we hope tina
Ie' the newspapers of Nashville will No
90 become party toa persecution whic
us can only prove very damaging to th
re interests of their city. and accomplis
ne no good whatever. The interests
o. Tennessee, in our Judgment, can
ey best subserved by sustaining the a
lie. ton Of the Stockholders in leash
* the road, and aiding the contracto
he in their efforts to complete the ROT
he at the earliest possible date. v
an are anxious to be united to Nashvil
ad with iron bands. and cannot Loo
lat with any degree of cOmplacency upc
lat efforts calculated either to defeat
k postpone the joyous event.
II -@M..-n-Ez.@@
- Mr.. PeabOdy's BenefactiOns.
The folloWing Is believed to be