The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1878-05-07
SOUTHERN ROAD,

WORK OF THE INVESTIGATING COMMITTEE.
The legislative investigation into the
management of the Southern Railroad Fund
continued yesterday. Governor Bishop was
again examined.
It is alleged that $4,000 was raised by
subscription here to spend IN
the Kentucky Legislature to OBJ
tain the passage of the bill granting
charter to the road in Kentucky, and that
| Governor Bishop carried the money to
Frankfort. The Governor, when ques-
toned on the subject yesterday, stated that
| he could not remember having taken the
money to Frankfort, and would make no
| other statement about it, except that ne
could not recollect. Almost every question
| put to him about it was: II don't re-
member
Mr.. Joseph Wright, Treasurer, gave an
| itemized account of the Six-million-bll lob
| by, amounting to S4l9 30.
Mr. T. G. Campbell testified, but refused
to tell what Eph. Morgan told him in re-
gard to the charge He said, however, that
while assignee OF the St. James Hotel fifty
of the colored walters voted three times
each for the bill, that money was used, and
| that he knew only in general rumor That
money was sent to Columbus to secure the
passage of the bill He testified the same
as to the Kentucky legislation. :.
Col. l.. NJ. Dayton, NJ. d. Burke and A. y.
Sands did not know anything about money
being used.
Mr.. John R. Mclean stated that A. J.
McCaffery was told by Mr.. Ferguson that he
(Ferguson) was running the road for HIM
self, and that he intended to putt through;
that at times he had used money to make
4 the thing go, and that he had used it to buy
legislation; that the money was got from
Boyle & Roach, contractors.
Mr.. Charles w. Rowland testified that he
went to Columbus once to aid in the pas
sage of the $4,000, 600 bill, but he didn't re-
member who paid the expenses.
The resolution of Mr.. Shoemaker's men-
toned yesterday was adopted by the Cham
Der of Commerce yesterday afternoon. HIS
! conditions upon which the southern haH
road may be built are:
The city to issue 100000, or as muct
thereof as may be necessary, OF seven pei
cent. thirty-year bonds to finish the road.
, The Common Carrier Company, or somt
other similar organization, to increase thell
capital stock to 81 900, 900, to be distributed
among the merchants, manufacturers ant
i capitalists of Cincinnati, and to take ieas'
of the railway and furnish the necessar,
equipments to operate it; and an anpl
provision be made out Of the first earning
e of the road to pay the interest ON these tWt
: million bonds, and to provide a good, reli
q Bile sinking fund for redemption befor
maturity.
The leasing Company to undertake tn
i completion Of the road, charging the elt,
e the actual cost only for finishing the same
The subscribers for the $l,000,00O of tn
! leasing Company's stock to take at par eac
4 an amount of the two million city loa
euual to their stock
: The leasing Company to agree to pay ou
OF the earnings of the road the interest o.
said bonds, and to provide Sinking Fune
q The leasing Company to have lease {
! the road for thirty years after its compile
. ton, to pay the expenses of working til
e road, pay the taxes, interest, etc., and pa
the remainder to the city.
The following Committee, viz, Messr
) Hinkle, Glenn and Cunningham, were al
0 pointed to solicit legal opinions as to tn
9 right of the Legislature to reorganizc tn
q present Trustees,
7 A citizens meeting will be held thi
y afternoon, at the rooms of the Board {
u Transportation, to submit propositions fc
2 the consideration of the meeting as TO tl
s best plan for the final completion of tn
!, Southern Road:
i CHAMBER OF COMMERCE. COMMITTEE. .
! The committee appointed by the Chan
d Der of Commerce to devise ways and NEAR
i toward finishing the Southern Railwsy iaE