The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1871-04-08

L
election Of William Parry, Presi-
dint; A. Stone, Vice President; ].
n. Norman, Treasurer, and c.
G Binkley. Sec'y, ase M
go The meeting WAS very harmoni-
Gus and satisfactory, and the man.
ayers are confident this great thor
oughfare will. ere long. be compile
ted to Fl. Wayne. The following
sis the report Of she President Of the
; Road: esB So e ae-sc eei+FI9
TO the Directors and Stockholders Of :
+ the Cincinnati, Richmond and Fl.
Wayne Rail p Dad Company. s
ID asso6s .onW" gs6sea
Ei In presenting this my annual re-
port for the year just ended, it may |
not be arniss to state that since our
last annual gathering there has
been ccmpleted of your road TWEEN
sty-five' miles, the distance from
Richmond to Winchester, and been
in operation nearly eight months
ssincs its completion. The expense
Hof completing thns much of tho
Road, WAS about three hundred and
fifty Thousand dollars. including
iron. ties, grading and bridging,
The iron was purchased upon the
credit ofthc Taxesyotcd in Wayne,
Newgatden, White River and
Franklin townships Of Wayne and
Randolph Counties The taxes SO
voted amounts to one hundred and
sninety three thousand three hun
,sdred and sfifty.seyen dollars, and
nthe cost of the iron was two him.
ndred and one thousand dollars,
made in payments, with interest at
6 per cent, the frat payment was
due 9Th mo. LIST 1870, Of thirty
thousand dollars which was met
within raaiew days of it's maturity.
The second payment Of thirty
sthousand dollars was due the Slst
of last 10Th month, which We were
unable to meet. 4oThe third pay
ment will be due the 3lst Of next
month. Of the same amount. thirty
Thousand dollars. The balance
will oil be, due by the 3lst of 5th
month; 4 S14. TO After the iron had
been purchased, and the greater
part Of it delivered; a dissatisfae
3tion arose amongst some of The
1taxpay ers ~ no have been contend
ing against stlie Tux SO voted, be
ing collected, commencing Will
the Commissioner Court, then th,
| Common Pleas. The compan,
| gained in both Of those Courts, thes
carrying it up to the Suprem
Curt OF the State. where it viii
be finally disposed of, but how sool
Icannot tell The dissatisfactio,
against The collecting Of the Taxee
has greatly retarded the collectio
of the Stock that is due the Com
pany. 80 much so that suits hav
been instituted and will be for tn
collection Of the amounts due an
: not paid. a9s aaa73 4sm $40 ,5Hs
Theirs has been collected by tn
Treasurer Of Stock, subscription,
. little over eighteen Thousand do
lars. Amount due, and not paif
, about fifteen thousand dollars
Amount to collect, as the Roa
progresses, three hundred an
5 twenty-five Thousand dollars. TIL
amount of receipts paid into tn
:: Treasurer's hands by the operatio
of the Road since its completion
. has been nine thousand nine hur
dred eighteen dollars and thirty
six cents. The expense Of opera
ting it during the same time hi
! been eight thousand three llundre
!, seventy one dollars and ten cent
The receipts are gradually increa
9 ing, the last month being larg,
!. than any previous month. g.
III 8 The Indebtedness of the Com
i pany may be set down ut one hur
Q tlred aninety-three thousand dollar
o without interest Interest adde
=, two hundred and four thousar
;. dollars To meet the above i
r debtedncss,r We have Stock su
z scriptions and notes due fifte.
: thousand dollars. s8sfi0fa 1851
d Tax, ifnot declared unconstit,
- sional, one hundred and ninet
I'll three thousand three hundred al
= fifty-seven dollars. Ties on hand
2 and paid for, sir thousand at thir
O cents, one thousand eight hundr
v dollars. Ircn on hands wor
about fifteen thousand dollar
IA making two hundred and twent
a FIVE thousand one hundred and f
II ty.seven dollars.
T. aa AL Of which il submitted,
dl III SIS iWILElAM Parry, Pfest.
~ -n4ih MonthAth, 1871. y sals.a
e., at is saidg that Linley, the CD
- kero forgera t0f Indianapolis, b
!. raided one OF oar city banks out
: "a - anal ssHlsAslnAmNl NJ hsa5 Al,n1