The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1871-07-13
our RAILROADS.
The K. p. Stock tor the Kansas
Central.

The K. p. Stock tor the Kansa
Central.
The Z. 4 >. ". =. X. Decllses TO Com
Through Here.
The Board Of County Commissioners me
at the Dstric, Count room Thursday morn
ing at IOi O'Clock, Presiden, Chaplin in tn
. chair.
Mr.. HanDon moved that a committee b
appointed to confer with the oorporators o
the Leavenworth & Denver Air Line Rail
road and Telegraph Company, for the pur
pose Of ascertaining who are the responsible,
hackers of the concern. The motion pre-
vailed, and Messrs. Harmon, Hicks and
McWhir we're appointed such Committee.
II. T. GNen, Esq, then addressed the
Board He said he did not have much more
to say in addition To what lac had already
said, until some proposition had been made
70 tie Board from other companies.
Maj. Abbott, OF Desoto, was present; and
would probably have addressed the meeting
If requested to do 80. That gentleman not
coming forward, Mr.. Green proceeded to say
that he had been informed by the committee
Of the Citizens Association that nothing fur
ther had been accomplished towards a com
promise When lac saw no prospect Of an
adjustment Of differences, he desired to say
something further about the Kansas Central,
which road he represented. Was any MEM
her Of the Topeka road present who had any
thing to offer? Ifso. he would like to hear
him.
Col. Burnes, Of the Chicago Il Southwest
ern came forward, and said he had hoped
the Board had understood his position. If
he was not understood, the County attorney or
any other lawyer they wished, could reduce
his proposition to such form as should suit
them. He WAS not particular about form
substance was what he wanted, and if the
mere form of his proposition did not satisfy,
then they could correct it to suit themselves,
~ it embodied the substance Of what he had
said.
Mr.. Green said he admired the smooth
words and brilliant ability OF the gentleman,
but We, too, want substance, not form. The
Citizens Committee have tried to effect
compromise. There has been great deal of
talk about what this and that road would do,
but would they do anything more than talk?
Corporations speak through their secretaries
and seals. He had not seen any of this
talk reduced TO writing and presented, duly
signed. He WAS willing to make compro-
mise and divide the stock, but he could not
SEE that the other parties We're ready 10 come
up with anything tangible. The only pro-
position yet presented by the Southwestern
road was the one signed by E. Sayles, their
Secretary. Subsequent mere verbal propo-
sitions could not be entertained.
Col. Burnes said majority Of their Ex-
ecutive Committee was now here, and if his |
verbal proposition was not satisfactory he
could have it reduced to writing and ratified
by them in twenty minutes.
c. W. Helm, Esq, inquired Of Col.
Burnes whether the Board of Directors were |
hound by the action of the Executive Com
mittee.
Col Burnes said it was by their by laws |
authorized to act when the Board of Direc-
tors were not in session. This has always |
been their practice.
Mr.. Helm inquired if action taken BY that |
committee had not always been subsequently, |
ratified by the Board-and if such ratiica-
ton WAS not necessary to make it binding on
the company.
Col. Burnes said it had been the practice
Of all the railroad companies with which he |
had been connected to hcSe such an Execl-
tive Committee, with such powers.
Mr.. Green said he did not desire vrangle |
over the matter. Corporations, he said, did |
not draw their powers from their own by |
laws, but from the laws Of the State under |
which the corporation was organized. Where
the charter says the Directors alone shall |
exercise power. no other body can bind the |
company by its action. Ii TINS company |
have any obligatory proposition, not mere
straws, to present, he would like to say some
thing more. The only one he had seen |
from the Southwestern 80 far WAS the one to |
take all the SEQ, 900 stock. Let usnot give
them an opportunity hereafter to say to us,
''Show us the papers" when We have moth !
ing but mere verbal propositions to produce. |
Col. Burnes said that in answer 10 all |
questions, he would say that when the Board |
came to conclusion satisfactory to them
selves and their Attorneys, his Directory
WAS ready To ratify il, and would do 10 within |
three or four days. 1.-THE Board think the |
action Of the Citizens Association the hest |
he pledged himself to have il ratified by the |
Directory.
Mr.. Hiatt presented the following reso-
Mtions:
Resolved, That TO harmonic the conflicting |
interests Of the several railroads now seeking /
aid from this county, and to advance the in
terests Of our county, We are willing 10 sub- |
init the following offer to the roads mentioned,
to the people Of the county for their accept
ance or rejection, 10 wit:
l. To give 10 the Kansas Central Railroad /
the stock Of the county in the Kansas Pacific /
Railway.
2. To give the Chicago, Southwestern 4 /
Pacific Railway Sl5O,OOO in bonds of this |
county, running thirty yean, with interest at
seven per cent.
). To give to the Leavenworth & South
western Railway the stock of the county in i
the Cameron railroad $500, OOO), and $50. 9. /