Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1870-05-14
[Condcnscd from thc puinsy!ile Advertiser

IuE RAlLRoAD MEETING AT PANINEsvIIIE,
on Wednesday evening of last week was pre-
sided over by Judge WILCOX who upon taking
the chair stated the object OF the emecting, re.
marking that the corpOralOrs had been in Cuun-
Cl several times, engaged in trying To perfect
satisfactory arrangements with the bOndhOld-
crs Of the old r. Il Ii. II. II. for the trans
fer OF the franchises OF the old road
from Fairport to Chardon, 10 the organization
This had delayed an earlier call for a public
meeting. They were now enabled To announce
they had made satisfactory arrangements with
the holders of the old l.. & H. Il. r." lie
closed his remarks by stating that books were
now opened ior subscription, but no subsciip-
ton would be binding until $500, 900 in JOna
fde stock had been taken. A. l. Tinker esq.
stated that, by tie new arrangem Mt the road
bed OF The i. ~ ii. II. r., with all its bridges,
graues, ana "li other franchises, costing an
aggregate OF $2Oj,0O0, We're secured to the
new road at cost of only 10000. That the
bonded debt of 100000 was held by those who
had advanced money for the road, JoRa fde
debt and should be paid The road was sold
by order of Court, aud bought by Mr. Cram
Tor $o,OOD. The bonds repre- sented included
nl except those held by one man. There were
some 100000 outstanding bonds, the locality
not known, but supposed lost. BY decree of
Court, they must be presented within six
months, or they were forfeited Sixteen years
ago, the i. Il IL, H. r. movement was in
augnrated, since which time they had miked
railroad. Unless built now, we lose il forever
Ashlabula viii get IL she is wide awake, and
sees the advantages 10 accrue from lis con
struct0n. We can secure this road hv per-
feet unity Of feeling and action The time de
mands the full support of every man and wo-
man that can aid Each one should take
stock 10 the extent of their means Uoped
acts, not words, would be the order of the
evening. General Easement, being called for
responded, saying he could not Instruct the
| cllizens OF Pninesvile in building railroads
lhey know II cOss money. That experience
lad doubtless taught the advantages derived
| from the construction of railroads to points
where they terminated, lie felt Interested in
| the construction OF this road No one man or
no small number were going TO build this
F1ud all must take hold, and, IL Painrsyillc
| wanted this road completed, they must come
down with their stamps, Being loudly called
Tor 10 come down with his stamps, he prompt
| ~ went forward, and lead of with the first
SUBSCRIPTION To the capital stock of the p
" l.. X. H., amid enthusiastic applause, Geo.
| W.. Steels, Esq, Judge Wilcox, Judge Paige
and Others following
| &. A. Avery introduced n resolution. which
was carried, that committee of Ave he APP
pointed to estimate the proportion needed from
each property-holder 10 secure the road. The
following gentlemen were appointed: c. A.
Avery, ID, Il. Paige, j. B, Carson, H. Cole and
Collins Morse.
Judge Wilcox remarked, il the road was
nuill, I, must be by the owners of real estate.
ihat they would be benefited for miles on
either side of the road, and their duty and i'm.
terest was In the speedy construction of omen.
lug up OF THIS route G. A. Avery, speaking
OF the necessity OF the road for the prosperity
and further growth of Painesylle. said he had
talked with parties ut Youngstown interested
In ireights. and there was but one opinion, and
that was that the road would nav The nj.
tpndnnQa WAS very lnrOa and fh,.