The Republican journal., 1870-03-10
THE ROAD AFFAIRS.

Upon looking over the article which ap-
pcarcd recently in the Prog. Age, concerning
the management Of the railroad Directors,
we find there is really nothing to reply to.
The Directors are complained Of for making
a contract with parties who had no ade-
quate means This is untrue. and it like
wise untrue, as Insulated in the Age, that
the contractors have not paid their bills.
They are all met promptly as they mature.
In finding fault with the contract made,
the Age omits to state that the majority OF
the Directors were urged by one Of the pres
ent fault-Enders to close a contract at SO.
600 per mile higher than the bid accepted,
because the parties had adequate means "
That contract would have made the road
cost $500, 600 more than ii is now costing. 1t
is pretty certain that # these proposing par
ties had not ''adequate means when they
began the job, they would have when it
should be finished and paid for.
Another matter that troubles the editor of
the Age is the furnishing OF the iron 1t was
understood that the iron had been bought,
and it hasn't been delivered. 1t is only
necessary to say that there is a signed, sealed
and delivered contract with Dabney Morgan
& Co., one of the most responsible houses in
New \ ork. for the seasonable delivery Of the
iron-and that, too, at a saving Of at least
$4,000 on the estimate for the road. The
Age is exceedingly troubled because that
amount has been saved
And the Age is likewise in trouble be
cause Of the mortgage that has been voted TO
be put upon the road Well, what made that
resort necessary9 Why, certain towns and
certain persons, the editor of the AGE among
them, refuse to pay what they had subscribed.
The road must he finished BY next November
to save the lease. Are the Directors to let
the road 70 uncompleted, because these sub
scrbers refuse to pay? BY no means. These
men first refuse to pay their subscriptions,
thus rendering the mortgage necessary and
then refuse to pay because there as mort
gage! There is q fine specimen Of double
distilled public spirit and Prog. Ace logic
for you, reader :!
The mortgage bonds will only be sold TO
cover deficiencies of subscription, and as
fast rs the subscriptions are collected, by law
or otherwise, the mortgage will be lifted, or
q sinking fund provided. But for factious
opposition and treacherous subscribers it
would not have been rendered necessary.
In conclusion, and as the best reply TO all
fault-tindings, we ask the public 10 consider
the condition Of the enterprise to-day as
compared with that in which the present
managers found it. Then it was dark. I'M
certain and more than NEUTRALITY-SUSPICIOUS.
funds, without credit, without word Of en-
enlargement outside Il few earnest friends,
and harassed by Il determined opposition of
which the lingering remains are seen in the
columns of the Prog. Age. Now it is an as
sured success, its grading about completed,
the larger part of its bridges in place, the
iron being shipped, funds in readiness to pay
for it, and lease to responsible parties
which guarantee six per cent. on its capital.
Could anything more be asked? If the
managers are to be blamed for what they
haven't done, let them be credited with what
they hare done.
MI Golloday, democrat. Of Kentucky. on
being charged with completely il tho cadet
selling business, resigned his place Gov