The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-06-18
letters from H0pktmsvfEIe
kentucky, Mount Vernon,
End , and CaFml, III.
EVANSVILLE, HENDERSON & NASH
WILLIE RALLR DAD.
The Rejection by Christian County,
n.y.. OF the Proposition TO Take
Additional SlOck-PersOnal Mat
terS. r
HoPKINsVILLE, KY,
June IA, 1869.
Editors Journal ,

Contrary to the confident expeeta-
tons Of the friends of the railroad,
tho propositioS for the subscription
Of an additional amount to the stock
Of the company, has been signally de-
feated. The proposition was the fair
est that could have been made for
aiding the road and protecting the in
terests of the people. But, notwith-
standing this. various parties-lawyers,
bankers and mechanics-who had
been disappointed in their aspira-
tons for the patronage Of the compa-
ny in various ways, uniting with a
certain lower order OF politicians,
whose interest led them to induce
the people to believe that the measure
was undemOcratic whatever that
may behave succeeded In defeating
it.
We cannot but believe that this re-
suit will be calamitous to the best in
terest Of the pleople Now what do
they propose to do? DO they want
the road to stop? IF so, what divi-
dend will our stock receive and what
will that stock be worth? If they do
not want the road to stop, how will it
be built? The road has no money to
build itself at present, and cannot
raise it except by a great strain on its
credit, not enough, we believe, to
bankrupt the road, but sufficient to
make the dividend on our stock less
than 3 or 4 per cent. 1t is evident
our stock cannot pay anything unless
the road is built through, nor can the
country receive anything like the
benefit it should from it, and now the
question energies, what are we to do2
We can't do the work by getting
stock subscribed. That has been
tried and it has utterly failed. Then
the only course is for the Stockholders
aud Directors to use their own credit,
their bonds and preferred stock, and
build aud equip the road upon the
best terms possible.
The present estimates of what the
completed road will earn, will still
leave our stock worth something, say
so or go cents on the dollar, while
anybody and everybody must see that
our stock, in the present condition of
the road, is not only valueless, but
burdensome to US, for the very obvi-
Gus reason that it does not and can
not pay any dividend whatever. But
if the worst come to the worst, we had
rather have the road without the
stock than the stock without the road,
yet we think the suggestion we make
will secure both.
1t is a great pity that in this mar
row minded world of ours, everybody
can't be what he wants to be, whether
it Is lawyer, banker, or contractor for
railroad company, or anything else
but it can't be so, and every jealousy
and malice will have their wonted
sway over the human heart, and they
lCiU erj ~ their Carnival of Ruin. It
seems, however, that some of the OPP
ponents Of the Road here are some.
what ashamed, if not of their acts, at
least that their motives have been de-
tected; but we fear the evil of their
work is beyond reparation.
/ have nothing else of general in
terest to tell.
will close by saying that I was
somewhat STRUCK with the extra
ordinary shrewdness of the Hender-
son NelOS as to my identity, yet /
doubt if it be either fair or courteous
to manifest surprise at the first success
in smartness. After so many efforts,
doubtless highly satisfactory to the
editor, it might not be kind to indicate
to him that it was indeed his earliest
victory over the many obstacles with
which not over-partial nor bounte-
Gus nature had left him to contend.
To do so would naturally depress the
flush of his joy and wound a vanity of
even the maturity of his. / am in
debted for my information in regard
to the effort of the Nel0s, to what as
pres to be our tol0R paper, but which
is chiefly distinguished for the multi
tUde of its spoliations from its other
more vital and sprightly neighbors, not
even excepting the Nelos.
Very truly, FDEIwETs