The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-08-19
TAG COAPLEEIGE or TIE EOAn
PROVIDED FOR!
ihe stoskbOlders En,huslastl.


The refusal Of the counties Of Hen
derson, Christian and Hopkins, at the
August election. to vote an additional
subscription 10 the stock of the Ev-
ansville, Henderson & Nashville Rail-
road Company, to complete the road
to Nashville had aroused serious ap-
prehensions in the minds of many
friends Of the road, as TO its fate.
The meeting Of stockholders. there
fore, at Madisonville, was looked
forward to With great interest, for all
realized that upon the action Of that
meeting depended the prompt compile
tion Of The road, or a lingering, siekly
existence, resulting in certaia death.
The s;ockhOlders, alzo, seem to have
felt the Importance Of the crisis, and
we're out in force. The shares of
stock in the road number 14s536. Of
these shares 14117 we're represented
By the o@ntrs oE BY proxy-much the
greater portion Of them being repre-
sented iu person. The town of Mad
isonville was also largely filed with
friends Of the road who were not
stockholders, but felt great-interest
in the deliberations Of the stock
holders,
About 10 O'Clock the stockholders
assembled in the Court House, and
were formally organized by the cleo
ton Of Hon. William III. Bradley, of
MadisonviIle, as President. and Geo.
NJ. Priest and Mr.. Phelps Sassene, of
Henderson. as Secretary and Assist
ant Secretary.
The roll Of stockholders was then
called, and the proxies examined by
the Secretaries, with the result given
above.
General Boyle, the President of the
road, then submitted a report sub
stantially as follows
The proposition made by the stock
holders in their meeting on the 24th
of June, 1869, to the several counties
on the line Of the road for individual
subscriptions to the capital stock of
the Company was submitted to the
voters of the several counties, and
rejected by all the counties, In two OF
them by large and overwhelming ma
iorities, at the general election on the
ID day Of August,
Application was made to the Mayor
and City Council Of the City of Evans.
vile, to submit the proposition TO thC
voters Of that city, but as the vote
there could be taken on short notice
the city authorities delayed action un
til the vote OF the counties IN Ken
tucky was taken; and the vote of the
counties being against the proposition
il was not necessary, and no actor
was taken by Evansville.
ut is rendered quite certain tina
the counties and cities on the line o
the road will not submit to furthe
taxation In order to render the All
necessary to complete the road. Their
is no hope OF raising money By inGi
vidual subscriptions 10 the stock 0
the company. All propositions fo
additional subscriptions have been re
peatedly rejected by tie counties, an
other means must be speedily devise
TO complete the road and avoid disas
trous results.
The Board are unable to devise an
other means to avoid all danger an
secure the early completion Of th
road than that suggested In their rC
port to the meeting of stoekhOldel
on the 24th day of last June, and the
recommended the adoption of th
plan indicated in that report.
1t is believed that the road can b
leased, or a lease Of 1t granted, an
with the bonds Of the company an
the bonds of Evansville, and prefer
red stock of the company, the remain
ing thirty five miles Of the road ca
be completed, the road equipped an
its indebtedness paid off. BY ia
plan the road may be ~~amptly con
pleted, and the stock of the counti
and cities rendered valuable
Unless q plan of this kind is adop
ed, there is imminent danger of Il
loss to the cities, towns and counties
all the stock they now hold in Il
road. 1t is believed by leasing h
road at once and securing the pa
ment Of its Indebtedness, it's cal
completion will be secured, and ii
a larger part If not the entire inter
Of the counties and individual stOC
holders will DC rendered valuable.
Gen. Boyle, IN connection with
report, of which We have given
substance, made lengthy and VI
interesting speech to the stockholde
which was listened 10 with the clos
attention.
lie said lie prime cause of the ia
ure to comrlete the road as at Fl
contemplated, was the failure to
cure from the State Of Tennessee
subscription expected. Finding 4
assisto ice must be had from so
other quarter, he had communica
with other railroad corporations {
received no encouragement from
except the E. &c G. and Terre Ha
aad indianapolis roads. The
proposed by them was not sufiei
to insure the completion Of the re
and the terms were not sufieiel
favorable as in bis Judgement to
tifvits acceptance. Other roads '
using all their energies in perfec