Vicksburg weekly herald., 1878-04-26

shnFehOIaers.
A meeting of those interested In this
road Was bsld In the cOualing-ro0m OF
4. Kuhn b Co., yesterday afternoon,
for the purpose OF consultation on mat
ters conn eled with lie condition aud
prospects. There were present MesarS.
4. Kuhn, John A. KleiH, ]. D. Tinney,
John Harllgau, Wm. Muller, ]. n.
Fenneriy, Chas. Lehman, aud W. K.
IngersOll, aud I. MarshalI Miller,
Esqs., and others.
Mr.. Alex. Kuhn was called TO the
chair, and Mr.. VIM. Muller requested
10 act as Secretary.
Toe Chairman briefly explained the
objects OF the meeting, stating that II
was entirely Informal.
Mr.. Lehman suggested that q Com.
mittee OF three be appointed to inquire
into the condition OF the road. He
said, what we want, and what Vicks.
burg wants, Is to see the road built.
The Interests Of the stockholders and
the city were identical, aud every body
wanted TO know the status of the road
The present arrangement seems To
have been made by close corporation,
and the stockholders are entirely igno.
rAnt of the Company's a6airs." He,
therefore, suggested that q Committee
be sppoluted, consisting of Messrs. A.
H. Arthur, Laz. Lindsey and John
Hartigau, to ascertain the Jude ebt eduess
of the road.
Mr. Tinney said, IL Il wac put 10 the
form Of motion. be would amend by
instrUcting the Committee 10 ascertain
how and by whom said indebtedness
was incurred.
Mr.. Kiein-"You don't want & state
ment, do you, with q view of ever pay.
Ing anythIns?" (Laughter)
After come further desultory discus.
sion, Mr.. Ingersoll slated that he ap.
peared as the attorney Of w. G. Case,
and was prepared to make the follow
Ing proposition In behalf Of that gen.
tleman and bic associates: That the old
stockholders surrender their old stock
aud receive 6fty shares of stock 10 the
new organization in lieu of the stock
surrendered, otherwise bis clients, not
receiving the road free OF oil claims, a.
contemplated, could not sao, d 10 ex.
pend aOy further means 10 lie con.
struction, and Mr.. Case would
Immediately foreclose the deed OF trust
given to secure the first mortgage
bonds held by him. He said there was
no doubt of the regularity aud legality
OF said deed OF trust, which was duly
recorded In the Chsncery Clerks Off ,e
Of Warren county. The sole under the
deed oftrust would require six weeks
advertising, aud as the town OF Port
Gibson had subscribed $4,000, on the
condition that the road be flushed to
that place early in the Fall, time had
become precious 10 the Company, and
they wanled 10 begln the work right
now. Il was for this reason, TO save
time, the proposition was made.
Mr. Miller asked II that proposition
was an ultimatum aud Mr. lngersoli re-
piled that It was.
Capt Harper then gave full &C.
count Of bis connection With the road
since the stockholders abandoned IL
some four years ago.
Mr.. Lehman offered the following
resolution: THAT 9 committee be ap.
pointed consisting Of Messrs. A. Il.
ArthRr, Laz Lindsey and Jno. Harti.
gan, 10 examine into and make 9 state.
nent Of the financial condition of the
road and report at next meeting" On
the suggestion OF Mr.. HArtigan, Mr..
Girard D. Sites name was substituted
for bic own, the resolution adopted,
and the meeting adjourned 10 next
Monday at 4 pm.
We understand that Mr.. Case and
his associates are on the ground, ready
10 begin work as soon as the matter is
put In proper shape, aud It is sincerely
TO be hoped that there will be a prompt
settlement of this matter, and the work
Of construction proceed at once. This
road has been long enough In litiga.
tion, and If 1t goes into the Courts
again, tie effects will be ruinous to an
enterprise which everybody considers
OF Vital Importance 10 the prosperity Of
our city.