The Van Buren press., 1871-09-05
From Little Rock Gazette of the 25th.
L. 3. & F. s. Railroad.
Reorganization Of the Old Boayd-Reports
OF OH6cers-Eto.

The old board of directors of the Little
Rock and Fort Smith railroad company, at
the earnest solicitation ofmany stockholders.
and the people generally residing along the
line Of the road, met in this city on the oath,
and proceeded to a reorganization. The fol-
lowing directors were present: C. G.. Scott, j.
l.. Shinn, }. Ii. Haney, James Lawson, A. j.
Ward Edward Wheeler, j. A. Martin, and
Anderson Gordon. Mr.. C. g. Scott was elec-
ted president J. l.. Shinn -president,wi
the other officers the same as before. What is
known as the Boston or new board, was ig-
nored entirely.
The object Of this move is to make de-
termined effort to see If something cannot be
done to settle the disputes which have arisen.
and proceed with the work. A committee
was appointed to investigate the matter, and
see if something cannot be done to compel
the contractor, Mr.. Fisher, to complete the
road according to his contract or on failure
to do so, to open negotiations with other par
ties who will build it. The gentlemen COM
posing this board are all old, reliable citizens,
who have no other interest in it than to see
the road completed. The road is now in the
custody Of the law, having been attached by
Messrs. Pierce, Steacey & Yorston TO secure
the amount due them for work on the road
1t will be the purpose ofthe company to make
arrangements to settle the claims of Messrs
Pierce, Steacey & Yorston, and others. as ear
ly as possible, and proceed at the earliest
practicable period with the work yet to be
done.
This movement will no doubt meet with
very general approval. Ever since the bos-
ton company toon charge of the road there
has been nothing Out vexatious delays. The
present board we all know, and we wish
them great success in their effort to put the
road-asain on good, sound footing.
The following explains itself:
EDITORS GAzErTE-Will you please publish
the following for the benefit OF whom 1t may
concern, and oolige yours very truly,
G. q. SCOTT.
LITTLE Rock, Aug "a, 1871.
To the Stockholders Of the l.. r. &c F. s. II. r.
Co.:
In response to the several communications
which nave recently appeared in the Gazette
and other new papers, and also to large
number OF private communications addressed
to me and other officers OF the company, de-
sire to make the following statement: 1t has
been intimated and generally believed that
the cold board" had overpaid Mr. Warren
Fisher, jr. the contractor OF our road, during
our administration of the companys affairs.
1t Is also generally believed that the compa-
nv. under our administration, had been out
witted and swndled by the eastern parties
all of which deny, and II anything has been
done outside of the strict terms OF the charter
and contract it has been done since we re-
signed the control of the company in Noyem-
ber last. In giving up the control we believ-
ed at the time that we were acting for the
best interests of the company, and facilitating
the early completion of the road. To show
that we have not been outwitted or swindled,
and to vindicate the acts of the "old board, v
submit the following communications. The
report of j. II. Haney. consulting engineer OF
the company, shows the amount of work done
and material furnished by Mr.. Fisher, the
value of the same. and the amount nc was en-
titled to receive under the contract. The re
port of Gordon n. Peay. secretary OF the
company. shows the amount and kind OF pay
ments made by the "old board " to Mr.. Fish
er. Upon examination of the reports it VIII
be found that we were fully justified in maxi
ing the advances we did on account of con-
tract. and that the account stands as follows
Value of work perfor m ed and IN materials