Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1878-08-08
Dayton & Southeastern RaTIro.,, W..
agement

ment OF the Dayton 6 Southeast
ern railroad, taken from Chillicothe ps-
pers and also some comments of your
own, which are not warranteG-L In your
last tJuly 24th) you publish an article
from some sorohead in Chillicothe, with
whom you seem to have great sympathy.
1 presume the reason why you sympa-
thize with him is, for the reason that you
are not informed in regard to the case,
that is the non-completion of the road. 1
give you credit for being just and fair
enough not to have published such an ar
ticle had you been fully informed.
The D. & S. E. r. r. has not been COM
pleted to the coal fields, why? Because
there are no funds. Why are there no
funds? For the reason that the subscribers
to the capital stock otthts company did not do
as they promised By nearly 10 per cent. Had
the subscriptions been paid as promised,
the road would have been finished to the
coal fields one year ago, and been in good
! condition financially. When the project
was put on foot tozbuild a narrow-gauge
| railroad from Dayton to jackson C.-H.,
Montgomery, Greene and Fayette coun-
ties each agreed to raise a certain amount
of money, they all filed their quota,
Ross county was placed at 100000. Her
representative men thought it would be
raised. understand that, at the meet
/ ings of the board of directors, when re-
ports of subscriptions were called for,
Ross county could not report, After some
time had gone by, she asked to have her
quota reduced to $3.50, 900. This was done.
Reports from her committee was still not
encouraging. Then it were represented
that they could not get subscriptions un--
less the line was located, making Chilli
cothe certainly point. This was done.
Things ran on in this way for some time,
in the mean while Montgomery, Greene
and Fayette counties had raised their
quotas. Again Ross county comes in and
| asks her quota reduced another $50, 900,
| which was again done. When the road
was about to be put under contract aad
| the subscriptions turned over to the COM
pany, ChiIlicothe came up with $40 600,
| and that conditioned that 500, 900 should
| be subscribed. To hold this $79, 900 the
balance, 1921 ,O00) was subscribed on the
Ross county books by outside parties. Al
most every dollar that has been gotten
lsfrom there has been by suit or traded out
in some way. The money collected in Chill
licothe will net pay for the right-of-way
and cost of collection through that eoQn-
ty, and doubt if her whole subscription
will do it. Montgomery, Greene and Fay
cite counties paid their installments as
called for, the road put under contract,
vigorous work was begun; but where in
Jackson and Ross counties, where no mon
ey, or very little, had been paid in mon
ey from this end ofthe line was doing the
work. Subscribers to stock here began
to want to know where their money was
| going they could see no road, and began
I to rebel, saying they would pay no more
until they could see some road here. If
things had been permitted to have gone
on as they were started, there would now
have been road from Jackson G. H. to
Washington G. I'll. with the money from
Montgomery, Greene and Fayette. Then
after all our money had been expended
in getting to Washington G. H., if we
wanted the road continued to Xenia, we
would have to come in with money
enough to build it. What would you have
thought of that kind of management?
This management was discovered by some
of the large stockholders and members of
the board, after about three months;
then work was ordered suspended on that
end.
The road from Dayton to the Balti-
more & Ohio r. R. at Musselman's has
been completed, and doing paying busi-
ness enough since the 1st of January to
pay running expenses and interest on the
, / bonds. If business should increase in the
| next few months, and there is no reason
2 why it should not, the great crops of this
partof the country having to be taken to
market, the receipts will more than amount
1 to the expenses and interest. The floating
| debt that now hangs over the company is
:, the only thing in the way. This debt con-
! sists of debts for engines, cars, sidings,
S ballastings, etc. These expeditures were
+ not counted in the contracting of the
road. If the money that has been taken from
Montgomery, Greene and Fayette counties ana
expended in Ross and Jackson counties acds
r,o,o in the treasury, this floating debt Of th'
Q company could no10 be cancelled.
s You refer in your last to the completion
of the Springfield, Jackson and Pomeroy
: | railroad, and characterize the manage
: ment of the Dayton 6 Southeastern as
d failure because it has not finished it
; road to the coal fields. 1 do not believe
: you know how the Springfield, jackson
: / & Pomeroy road was built, and, if yol
d ever did know it's early history, you hay
d forgotten it. On the same plan that tn!
~ ~ Springfield, Jackson & Pomeroy was bull
d the Dayton & Southeastern could no
only be built to the coal fields, but to tn
IS Ohio riUer. think it has been the aim O
~ ~ the present management to keep the roa'
If in the hands of the stockholders.
10 About the first of j une the stockholder
d were called together to devise some wa
!, to get means to get through this deepl
wronged county of Ross. At that meet
ing there was a committee of stockhold
ers appointed, consisting of able meI
~ some of this committee being practices
n. railroad men. l understand they hay
X hit upon plan which, ifcarried out, wi
mt insure the completion of the road. L
rv most all cases where have heard of dis
tn satisfaction of the management, it ha
of come from those who made subscription
cv never expecting to be called on to pay, Q
h. have been sued for the amount of thei
r. subscription.
,s- NJ. c. ALLISON, Xenia.
gath on MOthers-in-LaVvs
M The little breed of low-salaried pun
hS ters who make what is called "humor
lth in decavin@ newspapers have one unfai