The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-07-23
EVANSVILLE, IND, July 20, go.
70 The Voters Of Henderson. .Hopbia

10 he Voters Of Hend5rsoa, Hopkins
and Christian Counties, Ky:
GENFLEMEN The great interest
which l eelin tho carlypompletion Of
the E., II. & n. r. r., induces me 10
presume to address to you a few words
of explanation of the proposition sub
mitted by the late stockholders meet
ing at Henderson, for your vote on the
approaching first Monday in August.
Since the Henderson meeting it has
been asserted that the gentlemen into
whose hands it is proposed to place
the first mortgage bonds Of the rail-
road company as security for the faith
full application Of the proceeds OF the
new county bonds, to be issued under
this proposition to tho railroad com
pany, would not deliver up these
mortgage bonds to the railroad com
pany, when, by the. approaching COM
pletion of the grading, the mortgage
bonds should become necessary to be
used for the purchase Of rails and
rolling stock to complete and operate
the road, as was my understanding of
the intention of the committee re-
porting the proposition, and of the
meeting adopting it, they should do.
And it is further said that the pro-
posed eustodians of the mortgage
bonds aud the Directors Of the several
counties, who are to be the judges of
the proper time in the progress of
construction, at which to deliver said
mortgage bonds, that they may be
used by The President and Directors
to buy rails and rolling stock, will not
deliver up said mortgage bonds at all,
during the construction aud equip
ment oil the road, but will hold on to
them as a security for the payment of
both interest and principal of the
county bonds, which you are asked to
vote to aid in completion of the road.
Hand it is further said thatit is upon
this understanding that the mortgage
bonds are to be held as q final security
for full payment of interest and prin-
oipal of the railroad bonds, that the
people will vote for issuing the bonds
of the counties.
1t is to prevent any such misunder.
standing by the people that l now as
sevt that it was clearly the intention
Of tie committee which reported this
proposition, and of the meeting which
adopted it, that these mortgage bonds
deposited with the gentlemen named
in the rer9rt, should be held by them
until the Grading of the thirty five
miles Of road yet to be graded had
been so far advanced by the proceeds
of the county bonds as to satisfy rea.
sonable, impartial and intelligent mer
that the bonds in their custody were
needed and could safely be used t
purchase rails and equipments. for the
completion and stocking of the road
This is what was meant by the com
mittee and the meeting. Those of ii
who are acquainted with Gen. Boyl,
and the Directors of the road, aut
who know what they have alread
ACCOMPLISHED, do not ask any securlt
in voting means to complete the road
but we were told the people were dis
satisfied with the management OF tb
road and wanted security, and TIN
proposition, to secure the Prope
application Of the proceeds Of tn
county bonds asked for, was adopte
to satisfy the people. 49,.
If the people are not satisfied t
vote the bonds upon the security, a
above understood by the meeting,
would be much better that the
should vote against the proposition
for to vote for issuing the. count
bonds on condition Of holding tn
railroad bonds beyond the time whe
they should be needed to complete an
equip the road, would be simpl
to vote to stop the Worl
before completion, and tina
Won should pay taxes to. pay the iu
terest on both the bonds already issu
ed and those now to be issued indef
nitely. without any railroad to con
pensate you for your burtbens {
taxation. 1t is clear that the roa
co1Id not be completed and equippe
1rithout the use Of both the coun
bonds and the railroad bonds, or
an equal amount Of other good see-
rites. or their equivalent In cash.
1 think I eau safely say that II
ansville is willing, as last resort,