The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1872-05-18

Which, Mr.. 8. saye, = Oaeh mufe than any |
gentleman here would have giveu- This do |
not dispute, for l can So no reason for giving |
was placed on the gift. This evidently need.
further elucidation, Mr.. President, which we
will attempt 10 give by crediting Mr.. Bark !
ley's assertion, with the amoant claimed a.
invested,
About. ...... ........ 81, ,ooo, 900
And debit the assets OF the Com
pany At . net cash value - per
Mr.. SCOTS figures above. 900
Leaving balance. .............. $3.50 900
Nearly 420O, 900 more than the showing Of
President Parry's, supported bya his Vice
President and Treasurer before committee Of
City Couccib only . short tims since.
Then taking Mr.. Scotts liberal estimate on
81 800 900 in bonds at $500 900 10 ofFset this
and leaving $4,000 where.ith 70 PAY sz-
psss mile. o ro.d ons s as "ses Il
Richmond and i've miles east OF Fort Wayne,
for Just nothing ct al, and $4,000 shares ct
stock thrown in, with which to control the
refractory owners Of about $1,000 shares OF
original stock in this road. ssfft FL In
have taken this from Nr. Scots docu-
meutary and commercial evidence that ths
Barkley contract does not require the invest
msnt he ie credited with, and that il WAS mot
I for collection Of subscription and losses that
were not lsuakAinn3 All of which en- h
shown If necessary 10 say more on this
| subject. s
awe" viii now refer to the powerful COM
binatiOn SO facetiously demonstrated, and
compare it with the combination Of which You
are member. The one has stock which cost
| 100 cts. to the dollar, and feel that they have
right to exercise some control of it the other
has stock given TO it for the express purpose
of debarring this right. The one furnishes
the entire means Of making this road the
other initiates it with its own substance, and
assumes 70 control il without dollar # their
own money and proceeds to depreciate the
stock and bonds the bona 6de assets Of all
CT operations public and private. until they
can gobble the whole thing. Will it be an
elephant then or will any body want to give
it away? II so, we will he generous in bear
ing our portion Of the burden, and endeavor
to find parties to take care Of the balance.
Or If Mr.. Barklay will open an Office in Rich
mond, and arrange business - it should be
on the association or joint stock principle &C
cording to the law, this road can be run "a Z,
the interest Of all parties concerned or, II
this does not suit him, we can buy or sell ~
honest men generally profess to do, in ac-
cordance with actual investment, with lib
eral provision fsr good will. Other parties
will doubtless run the road for 10 per cent
ON tn, machinery, and customary pro rate OF
freights and passengers. And there Is nt
more need of giving the road away than to-
Mr.. Scott, as president of his new bank, t.
issue batch Of bills and pass them over "a
Tom Dick, and Harry, without taking note o
security Gr other evidence Of consideration.
1t is commonly conceived opinion with tn
masses !, that railroad monopoiists must b
provided for at their own asking, and th
country must pay tribute t. them, AMI thei
allies, the banks, and the courts must becom
contaminated with their influence! A gros
error, which intelligent business men Of tn
country are we'll aware Of.
Mr.. s. says, much has been said about III
sudden termination OF the election on the est
ult. The railroad ring bad the legal right I
procure the restraining order. There beiH
4 majority in interest Of the stock Of tn
company present, they had the same lega
right to adjourn. Who held this majority {
stock? Was it that which was restrained
am afraid you have put your foot in it, MI
s. The majority Of stock was held on th
very spot you occupied, the archives of tn
city was there to exercise the rights of th
people at the mom ent you dissolved the mee
ing and ingloriously retreated with An ol
ganization effected for this purpose.
Afterwards the board Of directors met
attend to some business. What would hav
been the status of this board of directors ha
they proceeded legally aud done their duty q
they took An oath TO dot Would they hay
been crowded BY supplicants for legal right
And who applied the epithets of thieves
srascals, &c { 1t is at least safe to say. tn
, no such terms we're used. And the high
power might be invoked for the benefit OF I'll
, other side.'
As to Mr.. SCOTS ;nd;gnant jail-and- -cour
l'ouse-ang, it ill-becomes = man who real, re- !,
ed large fortune in . few years out OF Il
| Nnfnrtun af natrOna nf theaA inatltOtiOnS.