The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1874-07-23
JBe NigBIanb Ne(ps
sIGLLsBOROUGH. OHIO.
Thursday. July 70, 1874
SOUTHERN OHIO RAIL
ROAD.
Shall the Enterprise be Aban-
GGned?

0GHGG6
In another column we publish the
proceedings of the Railroad meet
ing held last Saturday, in pursuance
of the call published in our last issue.
1t will be seen, that a portion of the
stockholders, disheartened no doubt
by the failure of Mr.. Huntington and
the Chesapeake & Ohio R. r. to
render the aid SO long promised to
our enterprise, and dissatisfied
with the present Board of Directors,
attempted to pass resolutions declar
ing the stock null and void, and the
Company dissolved.
A full discussion was had, and
very frank and satisfactory statement
was made by Col. Trimble, Presi-
dent of the Board of Directors show
ing the present Indebtedness of the
Company, and vindicating the Board
from the charge of mismanagement of
its affairs. Col. 7. also made very
satisfactory showing of the strength
and resources of the Company, and
urged the great Importance of pre-
serving its rights of way, and other
valuable franchises already acquired
with so much labor and difficulty,
with view to the future prosecution
of the enterprise, when the financial
condition of the country shall have
improved so that the subscriptions of
stock can be renewed in Dayton and
elsewhere along the line. He ex-
pressed his undiminished confidence
in Mr.. Huntington's good faith, be-
ieving that his unfortunatefailure to
comply with his promise to our com
pany was caused by the financial
panic of last fall, and that he ought
not to be held responsible for events
which were beyond his control. At
the same time he admitted there
seemed to be no present prospect of
our receiving aid from Mr.. III. or the
Chesapeake & Ohio R. r. and he was
entirely willingand anxious to accept
aid from any quarter from which it
migt be offered. He had therefore
recently been in correspondence with
the President and Chief Engineer of
the Washington City & st. Louis
Narrow Gauge r. R. Co., which pro
posed to build narrow gauge road
between those points via Hillshoro
and Cincinnati, and he had invited
them to a conference with our Board
at their meeting on Wednesday of
this week.
In conclusion, he hoped the reso-
lutions looking to an abandonment of
the enterprise would be voted down.
Hon. John A. Smith made an ex.
cellent speech, in support of Col.
Trimble and against the abandon
ment of the road, which he thought
would inevitably be the result if the
resolutions werepassed.
Finally, DR.. Noble consented to
withdraw all his resolutions but one,
which was passed unanimously, and
the meeting adjourned.
We regret that there has sprung
up any strife or division among the
friends of the road, and trust that all
will at once earnestly endeavor to
restore that harmony which is abso-
lutely necessary to success in the en-
terprlse. We have all labored too
hard, and made too many sacrifices
for the road, to be willing to give it
up, while there is a possibility of it's
success, even though we may have to
wait year or two longer. Let MS
not rashly abandon what we have al
ready secured, because we cannot
have the road at once, but hold on to
our present vantage ground, in full
confidence that the future will open
up way for US to reach the long
desired object
Let every stakeholder who believes
that this is the true policy, :see that
his stock is voted next Thursday, by
himself or by proxy.