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

the start, and would return to
Baltimore and compare notes, and
bring with him the agreement
signed and sealed for the accept
ance Of our people confirmation
of which was reported to me by
letters from Mr.. Pomeroy and Mr..
L'Hommedieu some days after my
departure and while in the South.
I am not blind to the discourteous
manner Of Mr.. Scott, or to the egotism
in which he claims ascendancy, nor to
his treachety toward the distinguished
gentlemen who favored him with an
interview at Baltimore. He, only few
weeks since, showed me list Of mioor
Offices he held, tho most important Of
which he is directly indebted to me for,
while I hold none at all. But do not
complain, and am content to do my du>
ty regardless of the frowns Of friends or
foes. It is we'll known that I do not
"bend the pregnant hinges Of the knee,
that thrift may follow fawning"
When I'retur1ed home sftsr the elec-
lion which discarded our arrangement
with Messrs. King. Garrett, e HON.
| medieu and Pomeroy, l sent for Mr..
Scott 10 explain. He said he had called,
but did not fed me in that 'sBiliy"
presented paper signed by "John e.
gar;7 and northern members. Sc ing that
our city and townships would build tho
road to Winchester. and having come
home by way Of Pittsburgh depending
on Pomeroy to get CARROTS contract,
he was unable to cope with Billy who
had changed his mind, and Was going
ahead with more money to spend that
the Randolph folks were satisfied with
either, and Billy's being Immediately
available, and they would have compe-
ting road any. how /; therefore he was
rot to blame for the result, and the mat
ter rested. Now he says we did not get
a contract from those parties, or that
the contract we did get, would not secure
the sale Of our bonds.
1t E,ay be said that the B. & 0, and
G. II. & d. arrangement would have
absorbed our road, but it was not our
intention to involve the people in town.
ship tax, as the sale Of bonds woHld have
completed the road with other subscrip-
tons provided for. And we would have
competition 10 freights, which every
business man knows will repay such in-
vestmeLts. and . prospect Of stock di-
vidends when the road becomes very
valuable, as it will, by proper manage
ment in time.
/ The Baltimore and Ohio railroad COM
pany, is generally known as competent
! to combat the Pennsylvania Central, and
quite as honorable in their transactions
and less liable to collapse and leave their
dependents in the lurch. Nobody cln
(, fail to regret that we were not 30 fortu
4 nate as to fall into their hands-except
the party whose hands it did fall into
, and they complain of being badly "sold
l by the only man in the world who could
e have done it
Next comes ''copy Of proposition"
( which was precisely such IS the Dayton
q Michigan road was made on, and the
e parties were never required to redeem
bond, from the fact that they were worth
> more than the redcemable price, viz Soc
: to the dollar.
. Readers cannot fail to appreciate it as
q very desirable when about to make ano,
ther road. but where Mr.. Garsett's "ape 7
: and base" remark comes in is difficult to
h comprehend, like Mr.. Kings plaintive
r confession that che had all he could Dc
o to run his road and keep his head above
;. water" when this contract would add Il
= his business Instead Of taking from it
= without involving expenditure on hi
. part, as our road would have furnished
him two-th;rds, and received only ont
?, third from the business wo send him, .
: provision in tho contrac. which Mr.. Scot
{. seems to lave forgotten. The whole Q
d this story is certainly Il In, Andy.
Then comes "the President of the G
II. & D. and myself, notwithstanding "
felt discouraged, were not willing to Civ
= it up" in what was the President o
II the Q. Fl. & D. discouraged ? The sue
8, cess of bis own proposition2 the sam
h that had built the Dayto and Michiga
= road which John Edgar Thompso
). regarded as good endorsement, else b
ID would not have picked up the job 8
:, suddenly TO keep it out of the hands q
=, a rival, and which you knew prot
> before leaving Philadelphia. whence Ems
III mated your ''dernier lesort,' . PROPOSE
rs ton from J Edgar Thompson { was th
- committee, which then had control, ow
IN ing to lsillys refusal to participate furthe
,g consulted, when this proposition ",
OF accepted ?)--to pay 10 per cent intere.
o. on S2Ol COO to be secured by the eptil
rs assets Of the company, and mortgae
bonds o! $4,000 and the bond of fit
=, responsible individuals, for $1,000. Fac
~ to insure the collection Of au outrageou
ne tax. But this contract q hard one it
e. true. completed the road to Wincheste
D. with cominal debt, rom the fact tn,
ST. the tax in Randolph was not collecte
of which formed connection with 6ellfou
an taine and New York Central, and ",
i'll doing good service to our people in b
~ log run by the G H & D, in combins
- ton with the Penn. Central; yet it nlu
be given away to accomodate Mr.. Cas-
oy who failed to get control OF the Bluff
On ton q Muucis road unfortunately
he this city. II the contract and lease
20 sustained. as SCOTS estimate Of sto<
" and bo1ds prove.
Vic To say that the stock in tweuty-flve mil
OF road, connecting as it did at each end wi
an other roads, would be worth only one doll
ui- per share, and no considerable debt, il simp
b., an absurdity. I will venture the asserti
that there are hundreds of practical fnancie
nu In this counary, any one OF whom could ha
he made this twenty five miles of road bril-
$4,000 per mile ut Sheriff sale, making b,
a n illion OF dollars, or o3e-half the legitims
ard stock Investment ON tie original line, and
lch liabilities included. Why, then, should it
:, given away, or othsrw ise disposed Of, witho
Ut consulting the people, who furnished t
aid MONEY voluntarily, in the absence of q
ea. published report or showing Of it, true co
:e dition, and asking vote onitf
II The most important result Of Mr.. Scot
ds. tabular statement is, that the Company wou
"a have been in debt ON certain coutingenci
that might occur ct Winchester, $lO6, ,O(
M Mr.. Parry stated ct Une time to the auth
the Of newspaper articles, that the surplus ir
Init would pay every dollar to that point, and
q committee of the Board Of Trsde and Ci
GU. Council. that ths faiIurs "a cnllset taxes