The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-11-24

The report Of the Committee on the
southern Railroad appointed by the
Cincinnati Board of Transportation,
has made its report, as follows:
$50 the Directors, Board Of Transportation:
"GENTLEMEN-Your committee ap-
pointed on the 23d day of August to CO.
operate with similar committees from
the Board Of Trade and Chamber OF
Commerce, and obtain Information rela-
tive to the mode proposed for the future
operations Of the Southern Railway,
would respectfully report that they
have had, through subcommittee duly
appointed, an interview with the Tru s.
tees of said road, and lind they con-
slider themselves legally bound, on
completion of a part of the
road, to lease it, and on COM
pletion of the entire road to receive bids
for its operation, and award the lease to
tho best bidder. One of the Trustees
says this is a contract between the city
and the bondholders, and must be car
ried out. Your Committee dissents from
this opinion, and consider the contract
with the bondholders is to pay them
their interest at stated periods, and the
principal at maturity OF bonds. In view
of the fact it might not be possible to
effect favorable lease with any of the
bidders, and also that the formation of
| a lease with adverse parties would be
an actual abandonment OF the anticipa-
ted benefits of the road, your Committee
| is of the opinion that any absolute re.
striction that the road must be leased
would be most unfortunate, and should
not be permitted to remain IN exist
ence. Having obtained the views OF
the Trustees, your Committee, IN con-
cert with those from other bodies,
called several public meetings in order
| to be able to report to you the public
sentiment on this subject. They found
| a diversity of opinion as to the mode OF
operating the road, but decided antag-
onism to leasing 1T. At public meet
ING. held on the 18th day OF October, the
| followingl resolution was passed: 'Re-
| solved, That the expression OF this
| meeting is decidedly in favor OF the
road being operated by Trustees
sOn the I'd of November this feeling
seemed to be intensified, and the follow
| ing was passed: Resolved, That legis-
| lation be obtained this winter prohibit
| ing leasing the road.' On the 14lh OF
| November the committees met to pro-
pose an expression OF opinion in which
they could unite and present to the re-
/
ated sand your Committee takes pleasure
in presenting the following resolution,
which was adopted, and in requesting
your support thereto, as well as the APP
pointment of the committee, with the
authority desired:
''Resolved. That the Board of Trans
portation; Chamber of Commerce and
Board of Trade be requested 10 appoint
committees to obtain additional leglsla-
ton this winter enabling the Trustees tt
operate portions OF the Southern Rail
way as they may be completed, and also
providing for the operation OF the entire
line when completed, by Trustees, ii ex
pedient; and that the committee be EN-
powered to employ counsel to draft tht
necessary legislation.
| IN. MACNEALE, Chairman,
"WM. WOODS, ROBr. MITCHELL,
"JAMEs Ii. LAWS, 2. p. LANE"
A motion that the report be received
and meeting Of the members of tn
Board be called for diseu ssion was car
ried. Due notice OF the meeting will b.
i V1-;.