The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1873-11-07

would be railroad issue in this election |
We did not. Mr.. Wilson said; 1.-THE
statement was evidently prepared for the
OCCASION" or words 10 that effect We
said mot 90; Mr.. Cauds made the state.
men, and swore to II before he or anybody
knew there would be . railroad issue at
tho election" Was not that a proper re-
spouse, being true one, to Mr.. Wilson's
implied charger
The Sun further says:
But this 10 not oil. He says above that
Cauda has sworn TO the statement, anu In
his reply to Mr.. Wilson, he says that Mr.
Canda .'has never been suspected OF dis
honorable act" but he admits above that
this "does not relieve the company from
the duty OF making careful inquiry Into oil
IT'D Details" and to W ilson he declares that
an investigation will be made, the object
being OF course to see whether the company
has been .overcbarged. Why this invest-
have been going ahead without the over
sight OF the officers OF the roadf Don't the
President or Vice-President or any Of tie
Directors know something ~ cvs TINS mat.
teri II they do ~, tnen to say the least OF
1t. they manage things very loosely, and
have iared In the discharge of duty they
owe - the people. Ii they do know, where
is lie need OF the proposed Investigations
Further--in what way will the investig alton
help the peopley The Vice. President says
that the contractors are ins0lvent. The
first mortgage bonds are gone, the bonds
received from the counties and cities are
gone. Eight hundred and fifty thousand
dollars In second mortgage bonds are to be,
or have been issued, and yet Alexander,
Union, and q part Of jackson Counties have
no road.
Bnt further: He says that the company
(meaning the railroad company. must 'er-
lily Mr.. Canda's statement, and lift contains
any false items. they should not conceal the
fact from the public" This looks like
docking the door after the horse was
gone" Why has not the company been
verifying statements oil alongy Certainly,
this cannot be the first statement ever made
by him.
Is the man Of the "Sun" a dolt' Can't
be understand anything? The statement
Of Canda was made TO the directors last
week. Has there been any time for verl-
acation? Col. Taylor, the president OF
the road, is satisfied that tho statement is
correct. He has, from time TO time, as
the work progressed, Investigated the
afiAirs Of the company. He has been
careful that the contractors should ill the
contract. But IL the statement Of Canda
should be false, how can the people sus.
tain any injury from that fact at thi.
stage Of the game?" The company owe:
| the contractors. The contract was: Tha,
the contractors should build the road and
receive therefore the 6r.t mortgage bonds
the county and town bonds subscribed &c
| the compAny's capital stock, and 5000,
I 900 stock, less an amount OF stock equal &c
the amount of county and town bonds to
be paid to them. Very well The FIRST
mortgage bonds we're sold and the money
put into the road stock was also paid to
the contractors, and they received Cairo
and Alexander and Monroe county bonds
but after all this was paid to then, the com
pany still owed tbom abop, S4s9, 900 of
county. bonds, and will owe them when
they have completed the road, $780,, 900
more county and city bonds. The con.
tractors have until next January to com
pete the road, and if they fail then II set
Element mus. take place. A settlement
means more than taking the contractors
word. vi course their accounts will have
TO be Investigated, and if they have over
charged for anything they will receive
from the company less just tho amount of
the ovorcbarge. The Sun evidently don't
know what it is talking about.