The interior journal. [volume] (Stanford, Ky.) 1872-1881, 1878-12-20
rrasPTEFs
Number T,ro

"HNfEHFN
Number T,ro.
When the County Court made the
subscription TO these roads, it was more
for the purpose Of a donation for pub
lie convenience than an investment
from which any return was to be de-
sired or expected. Individual stock
holders subscribed more or less liberal
ly with much Of the same purpose, to
secure a good road in their neighbor-
hood and 10 enhance the value Of their
property as well as for their own con.
venience. Neither they nor the coun.
ty looked for much, if any thing. from
these roads. and gave no attention to
their management. And even some
Of the Board Of Directors have. acted
on the same principle, that no divi-
dend should be declared-that all the
tolls should be spent on the roads; and
the result has been waste and extrav.
agance. The dividend-paying roads
are the ones kept in best repair. Ex-
perience has proved that, with present
rate of tolls and with prudent and
economical management, all the roads
with at least two toll-gates can be kept
In repair and pay a small dividend to
the stockholders. IL is. therefore, i'm
portant both for the county and indi-
vidual stockholders to look after their
interests IN these roads; to see, hrst,
that the roads are kept IN good repair;
Ind That they are prudently and eco
nomically managed, and I'D, That the
surplus, 1t any after paying all expen'
Ses' should be paid over to those to
whom 1t belongs.
BOARDS OF DIRECTORS.
lhe only direct agency the STOCK
holders can exercise IN these roads Is
IN the annual election OF the Board OF
Directors, to whom by their charter
belongs the control and management
OF these roads
In the very loose and haPhazard
way IN which these annual elections
have been held the county, which
owns about one-thIrd OF the shares of
Stock has seldom voted ny proxy ex'
cept ior some particular reason atten-
non has been specially called to the
suolect' rev only OF the Individual
stock'hollers are IN tue haolt oi at
tending ana votlng NJ these elections
ana IN some instances the elections
nave gone ny ueiaui'' because there
were no stock-ho'ders present TO vote
ana the OLD Board has continued IN
once
Inc once Is not one oil honor or oil
proh'' anu oi'eh 'he most competent
men along the road VIII not nave the
once. lhey VIII not oe annoyed oy
II. o'hers VIII take the ohce--no.
win any motives OF pubic spirit ana
To subserve the interests OF the COM
munl'y ana oil the road put only 10
save their annual TOLL lhey take
no particular interest IN the road
ihey devote no time or atten''on 10
IT, except an hour or TWO IN hearing
the PRESIDENTS report OF receipts ana
disbursements during the year, The
office is one OF trust They are agents
OF the stockholders to whom the road
and its funds belong. Fidelity to
their trust requires OF them to see'
list, That the road is kept in good re-
pair, and 2nd, That Its dolls are all
collected and not wasted in extrava'
CANT prices for work done on the road.
And II a person is not willing to give
his time and attention to secure these
Objects he ought promptly to decline
the office An acceptance OF the office
implies pledge to be true 70 the
trust. The Office of a Director, whilst