Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1873-10-11

TIE CON TRACTORS or THE ROAD AT THE
CnU ENGiNgEK's OFFICE TaIs MORNING
--IHE FINANCIAL WORLD AND THE CON-
sTNUCglON OF RAILROADS address
AAp STATEMENT OF CHEF ENGINEER
slLrLE-uTHEh BUSINESS.
-frutle H.eliuy a.d., Get IN
= ue idE If a., ron.gtctlfs WHO are
eu -tI Iu coast IetHl tine Hrtk, County
Btifvad, hom tLi, rity uorth from Stat
iuptou, WAS held AT the Chef Engineer's
office, in the Key stone buildiug, this city,
thi- morning at II o'clock. The follow
ina contractors were represented
Francis Crush, William Gail, II. X.
Hawmau, N chlel Beard, Crane Is
Tnumieun, John Britton, Cyrus Diller,
j =. Gtier * Co. II al IL McTague, NJ.
+ lln,, d. ~ D. R,an, Patrick Conrey,
! A. Brtcn * Co, 5 j Shaeiler.
i'c or jrct OF the meeting, as called by
no Eugi Ger !. Dutt,n Steele of the
toad, vas 10 'I.cus- the present monetary
coalition OF the country and its ELECT
ti d tue prUgress OF railroads at present
Ter construction. AZ the assembly Of
~ above parties, thu Chief Engineer
trly stated the object Of the call, ana
10 de- q e following statement
have called you together. gentlemen,
800 IllN utlQlG OA INV EtnEltt al ANt+nAAAhli VI
.U~ money affairs Of the country, and of
Che Be Ks County Railroad in particular,
Igit money market has brought lis
a. Dip aniing." y money panic is like
q Is ctiug horse, aud this time it has
Ac ed without putting It's ears back but
il re is nothing o be alarmed at In the
tllsti1u, and we must get upon our feet
al D..
re- Berks County Railroad is sound
ir-, tuition, it has plenty Of good First
Mortgage Bonds, but their sale is checked
ioi the pn sent, and money is hard to
Wt The baukiug house, in Philadel-
lhia, which had the charge of selling thu
bonds, has been forced To close It's doors,
and all other banks are hard pre-, d.
ans il is no, hing against them that they
a.e- IT, With thousands OF good secun
ue' in their vAllts, they Cannot raist
Aa aro3s Of rooney.
You an AuOw, as well as | do, that the
bs6s touply Railroad is nearly finished
aaVe just made a care full and liberia
fro iuatu at the amount OF work necessary
eoui lcle the II, ding and brdgins
'Dip Ernalug id 81 ltngtOn on the lst o
d iicsr' month &C October, aud dnC
iAA. S-2s h24 is oil that Is required 70
u pIr!. 50. The rails ART al made
i-l iAAee iou'lhs OF them are already de
."ere1 to ,Ae company, and the Olhe
lolrih is ready fur d,iiy-ry 0I half tA
r.'s are on Tic Hue Of the road, AID ell
Oi INT track is aid and a lOeomo
49,. .Atlung upuu It. The com pany hav
g. ct ohe million of dollars In IT
t.r,tiuc ion thus far, and $3.50 600 NOR
".i lay the trAcR To Slatington. Ho
sg abe e'ore, tnht it VIII be finished
a Ian, nf fIhtt n
.aput aDllarr expended GU ght not to b
JOS los t.evdLt OF $3.50 00U more, and
3 ao. b.. To meel the expenditure
bpr made, the company have on
o. oA dollars Of Il II mortgage bond
e--,- aud there ice no better bonds
caUulry, and nothing that will Sc
s.' eheu the bond marset sgai
" t.a, Which We hope and believe will
W.T. Ia the neat thee months.
Sow how to turn this sharp corner
se 4lcstiu'; We propose to Issue du
y. VI small dtnominat ons, payable
81 Hontl from date. For every dolll
o. ae !, issued one dollar of fret NOR
ga 1,ld, Will he put aside to secul
., tavment at i.iaturiiy, or if they Al
cd b. fore maturity, in sums of OF
L-.4.ej dullArs or upwards, they ms
DC rtcnabsed for bonds; or If the boni
".' stll ii the market before The due Ill
L~' Alr, they will be p.,id in cash, as sot
money can be realized on q
q sooner the road Ia finished, 4
sN'-er 1t Will be earning money, and 1
ae- II will be for the company, the CO
q w. tlpra al d The community.
d Aave only to I'd that will sign the
4G bills, aud will SEE that they are Ike
ni for TIER face value and turtle
ore, That tue z per cent. bonds
n "+ich they may be exchanged, If desir,
4 ar us good aud sat1 al investment
4 'Lrre Is IN the country.
ihe prolo.iuOu WIS discussed, and
n meeting Adjourned to . p. IN.
tuE PROPOSITION ACCCFPTED-woRK
BE CONTINUED.
eince the above from the EOgle was
II FP, We learn that the meeting on re-
seAnlng adopted the following reso
n "'a of red by VIM. Call.
H H,'oiVed, That the sense of this me
Is tlAt the berks CoHnty RailrC
enn'p.ny having made US the Best Of
% 10 The continuance OF our work, tina
Flaellcable under the circumstances, d
accept the same and will do the b
a can with the means which they
4 able to furnish us.l