The evening Argus., 1869-02-03
: vEHpoRT ANp zee ?. . n. ! R, R,

n
SIvRNPoBT AND THE P. R. J. h. h.
ors would think, to read the Davenport
ao,s for n few weeks past that hardly any
a,bor plsce had any interest in or was en'l'
,led 20 any voice in the management or To-
..,iop Of the Peoria railroad but Davenport.
These papers, especially the Democrat have
been olfensiyely personal and abusive of DR..
Hamilton; the directors Of the road and
of Mr.. Cable; and have put on the most as
touishing and diotatorial airs, threatening
dire vengeance upon the management OF the
road If it should not be located around by
Minersville and Moline, over some coal lands
which some Davenport people had leased
on condition that the road should be built on
that route Aud yet the great city of DAv.
export subscribed only S27, 900 to the stock |
of the roSd-a less sum than was subscribed
by the little town Of bennington, out beyond
Coal Valley. And since the road has not
been located TO please the embryo coal spec
ulators Of Davenport, their newspapers, es.
peciAlly the Democrat, resort to the ususl
Davenport argument Of refusing topay their
honest debts, falsely asserting that the
subscriptions we're made on condition that
the road should be built via Moline, and
many other equally false and foolish asser
tions; when they know that all but $4,000
of the Davenport subscriptions we're made
before the Moline route was ever talked Of
OF thought Of.
Tuesday evening, after the Davenport pa.
pers had drummed The people on the subject
Of repudiating their debts for some days,
meeting of the stock subscribers was held,
aud the Gazette says"A large number Of
business men were in attendance prob
ably out Of curiosity, to learn if there is any
way to avoid the payment of an honest debt.
We clip the following from the reported |
proceedings Of the meeting, as published in
the Gazette
~. L. Swits moved that committee be
appointed TO confer with the directors of the
Peoria 4 Rock Island railroad He would
like to have the committee obtain answers
to the following questions:
81. Have the directors a right to lease
the road without consent of the stockhold.
ers?
"2. If the road is leased with it's franchis.
es stock, &C., all transferred TO Mr.. Gable,
have the directors right 20 release the Dav.
export subscribers2
"Mr. J. s. Drake gave the opinion Of W.
II. Holmes lwho WAS unable TO be present
on account Of a severe accident) concerning
the topics under consideration. The Daven
port subscriptions had been obtained under
false pretences. The inducements held out
were promises Of cheap coal through access
70 coal fields not now within our -eaCh, com.
petition in freights consequent upon choice
Of routes 70 the east over connections to be
formed with roads at Peoria, and promises
that Mr.. Gable should have no controlling
influence in the management Of the road.
We also had promises that our subscriptions
should not be called for until the company
had money enough 70 build the road, while
now the directors give their want Of money
as the reason for giving the road to Mr..
Cable"
Now See how plain tale, from one e
their own men, shall put such quackcrs and
blowers as Drake and Holmes down. We
copy, again, from the report in the Gazette
Geo. l.. French, p. & r. l. director, was
present, aud was called upon for his views
on the pending motion. He said he was
present both as a director and ss an individ-
ual. As the latter unfortunate parsonage
he was interested in the inquiries to be pro-
pounded by the committee. As a director
he, Of course, had his opinions, and would
state them. First, As 70 the turning over of
the subscription list. Here MIR. French en-.
tered into an historical account Of the pro.
ceedings in Davenport in regard to the Pco
ria and Rock Island railroad, and said that
while the Davenport subscription list was
conditioned at first upon the action Of a
committee appointed by the subscribers to
the stock, it was afterwards given to the
railroad company unconditionally. There
WAS no understanding or condition. that the
road should be built via Moline, he thought,
as that question was not broached at the
time. Long previous to the mention of the
Moline route the first iustallment Of the
Davenport subscription was called for and
paid II was the understanding, however.
tuht II MT, NhUIe IOhu DeChue u part pl
the line it should be Internationally pur-
chased, and owned by the company in toto.
Upon request Mr.. f. read the preamble TO
the subscription list, remHrking by way OF
reminder, that another installmeat was now
due, and he would be pleased to receive the
money if anybody were anxious TO pay it.
"Mr. Swits' motion was put and carried.
"The chair appointed Messrs. Swits, X
Krsuse and Geo. l.. Davenport as the com
mttes called for in the motion.
"Mr. S. Perry moved that committee b.
appointed TO confer with committees from
Moline and Rock Island with reference t.
the securing of eastern connections.
"Mr. Perry's motion was carried. The
chair appointed Messrs. Holmes, Fulton and
w. c. Wadsworth IS conference committee
"The meeting then adjourned subject /,
the call Of the committees appointed
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MoRsE's INDIAN RooT PILLs.-We Civ