Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1873-06-26
F. K. & P. r. r.

A meeting OF the stockholders of the |
Plymouth kaakakee s. Pacific Railway
Company was held in Kankakee City, |
Illinois, on the 10Th inst, for the purpose
of electing directors
Samuel I. Hanna, Esq, President OF
the company made report of the doingsi
of1the company the last year, in which he
showed that he iabored under discourag-
ing circumstances; but looked forward
to better condition of things. We copy
the following portion of his report from
| the kankakee Times. And also the re
suit of the election of directors
Yet with all these embarrassments our
prospects for the future are lar from
gloomy: we are only experiencing the
difficulties aud trials that make up the
early history of nine -tenths of our most
prosperous companies. Our experience
is bright compared with the great line
with which we form our eastern connec-
ton, during period when it was stlug-
lie of life or death with it to reach Chi
cago, and yet last year, its earnings We're
over 100000, and its stock paying 12 per
ct dividends. Our floating debt for com
I
complete is not large We have line
second in value and Experimentation
tiniShed-to none in the west 1t passes
through country, not unrivalled
in the varied productions of the soil, but
teeming with immense mines of coal
) quarries of valuable stone and rich beds
OF iron ore, all of which will yield the road
a local business ofimportance. Then when
we look beyond the western terminus of
the line and to the rich country on its
south which will naturally seek an eastern
outlet by this road, we can re IDLY con
ceive what its through busiress must be-
: The past year has been one of great
mOneyed stringency. Thousands of in
terests have crow ded the markets of the
civilized world as borrowers. The great
moneyed centers of Europe have beer
flooded with American securities, as well
us foreign. Not one tenth of the de
/; mand for money could be satisfied it is
a therefore, no wonder that we did not sue
+ coed. But failing once, We tried again ant
again. Negotiations are now pending
!; with great promise of success; if they
: should not succeed we must try it over.
our line srM be built 1t may NOV,
slower than we desire; but it is only ;
question of time, in my judgement, ant
p, faithful application by careful, ]udiciOu:
| management. When completed, its stock
it properly managed. will rapidly rise il
: value, and the road Will form one of b,
important links, in great through roat,
G across the continent.
;. 1T is an enterprise well worth our no
s blest efforts. and its success will ampl,
=. repay the labor and anxiety OF its friends
DIRECTORS.
:, 5. I. Hanna, Fit. Wayne Ind f. Cobb
+ Kanbakec, ILL.,. Geo. V. Huling, Kank.
fkee, ILL.,. j G. Cushman, Plymouth, Ind.
J. 6. Strong, Dwight. Ill; Azariah BucI
kankakee county, Ill.,; VIM. Eddy, Put
nam county. The best feeling prevail
c among the new Board of Directors. tn
S OFFICERS
il Of the new Board are Emory Cobl
Esq. Pres't; Samuel r. Hanna, ice
PTest; John e. Cushman, Secretary
c James g. Strong, Treasurer; I. j. Mich
If oil, Chiei Engineer; y. &. Capron, Ger
ri Atty. The
EXECUTIVE COMMITTEE
" Consists of Emery COBB, George Y
IL Huling, AZariah Buck, Samuel L. llama
If and John E. Cushnlan