Huntington independent. [volume] (Huntington, W. Va.) 1871-1874, 1873-07-31
S0u,6ern Ohio Rail- Road.

One of the most
nections projected for the Ches' u
ohio R. r. is the Southern Ohio, by
which it is proposed to connect with
Dayton, Chicago aud points west.
A meeting was held on the 18th
inst. at Wilmington, Ohio, in the
Interests Of the Southern Ohio Road
to account to the stock holders OF
the road for the use Of the 10 per.
ct. on the amount ofstock subscribed,
which had been already paid 10. 1t
seems that many persons who have
subscribed for stock fear that they
viii lose that 10 per. cent.
We copy a or,ion Of The account
from the Hillsboroueh Gazette.
"Col. Trjmbl5 was catechised, by
Mr.. Stiugley, Mr.. J,f Ilildebran,
Mr.. Diboll and others, as to the Sc.
curity tho stock holdcrs had, that The
ten per cent. already paid, was sarc
ADD beyond the reach Of tho eolleC
tors. This being legsl question
was referred to Judge Sloane, who
replicj in substance, that the money
could oaly be drawn from the bark,
on the order of the Board Of Direc
tors. and that both tho Brnks snc
the Directory we're Individually liable
for its safe keeping aud proper dis
brrSameut.
Judge Sloane also expressed tbt
opinion, that the present corporation
o5saiued is legal existence by The
payment Of the ten per cent, and i
that we're now refunded, the whole
enterprise would fail, and the SUI
scliptions rendered void. Col Triu
/ Die also said: "Wneu the moocy i,
paid back it will be the requiem Of
/ the Southern Ohio Railroad"
The Directory, thus far. have DO
used collar Of the money, nor hay,
the collectors, nor any one else, re
= celyed a cent cfcompensAtiOn To-
services rendered.
IS an evidence Of good faith, OF
he part Of SIR Huntington. aud as
an ean nest, that the Chesapeake Com
csuy. ri.'en he represents, latcuded
90 build tht road, We cite the fact
( tina, particular survey OF severs
routes. las been made at an expense
ofSl5.O0O.
col. TrimbIo'. frank explanation.
had good effect on The meeting
and rs al evidence Of Their confidence
in his statements, the following reso
I ,utious, offered by K. i. Doar, Esq.
was unanimously passed:
Ess5icd That though we have become
l somewhat impatient, under the long de
Jay Of the promised commencement o
a. the work Of building the contemplated
Southern Ohio. Railroad, yet We
have not lost confidence in those VIII,
have long lab1ved AID are still ldborin-
+ 10 advaace the enterprise; and We sul
cherish the hope that the road viii ytJ
succeed But. Wr insist that The CONTROL,
/ ers of the Chesapeake s. Ohio Railroad
+ Company shall, sud that soou, give q,
some reliable assurance that the pronIse:
and Inducements ,sadC and held out L,
u,. shall be fulfilled and realized.
Gen. Mcdowell made capital
speech. 10 Which he expressed the
/ strongest hope Of the ultimate, aud
speedy construction Of the road. lie
invoked the people to have patience,
aud recommended them to do, as he
I did. when 10 trouble, read a few
chapters 10 job. The Chesapeake
Company. alter 40 expenditure Of
$50 Coo Geo, 20 obtsin the trade of
the Great West, Luew too well the
advantage Of this rouTe. to think OF
IT'S fora momeDt.-Bui,
the peop,e Of Clinton might, by IT.
discreet seton. divert it on to rival
line, aud thus, for q fow paltry dol
lars, lose the road forever.
Gen. Denver paid high compii-
uent to Mr.. huntington. He knew
him When he could hardly raise
$4,000. but now ne could command
millions. lie vas 4 gentleman Of
high honor, and what he promised to
20, he would perform to the letter.
The delay, in this case, was uosyoid-
able. Great enterprises cannot. be
accomplished in a day.-It took
uauy long wears to build the Balti-
more and Ohio Railroad, ond even
The little Miami. Our road was but
a continuation Of the Chesapeake aud
Ohio, one Of the most costly and i'm
pcrtaut rosds on the continent. He,
too. had paid his ten per cent, and
was willing to await the progress of
events.
"0u the whole. the meeting did
good, because doubts we're removed
and explanations made, which were
interesting and satisfactory