Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1879-11-20
NARROw-GAUGE NEWS.
Heavy suit Against the y. ). a PR.
II. Company


Springfield Gazette, llth.
The firm Of Whitley, Fassler q Kelly,
ofthis city, through their attorney $. A.
Bowman, have brought suit IN Court
here against the Springfield, jackson &
Pomeroy Railroad Company to recover
on number Of promissory notes issued
to plaintiffs by said Company and ag-
gregating the large sum Of $lS7,000
Some Of the stockholders fear this Is a
movement for preliminary judgment to
be followed by suit against them on
their constitutional liabilities and are
consequently very bitter in their COM
ments on the suit, saying that 1t is the
contamination Of the plans to gobble the
road by getting it into indebtedness
hopelessly and negotiating its bonds at
30 cents on the dollar; and that not sat
isfied with this, the stockholders are to
be sued after the road is out Of their
hands. On the other hand, Mr.. Whitley
informs US that the suit is an open, bona
fde transaction, claim already passed
on and fully validated by the Court in
the foreclosure transactions; and that
so far from being antagonistic to the
DNSNhaiO4ALA ? ~ w nl9 lGdAly lllACuNCu " NC
in their interest. The claim has no ref
erence to the bonds but is pure cash adj
Yanced by the firm and all they desire
is to place it on an equality with other
valid claims and by bringing itforward
offset fictitious claims for immense
amounts which are being set up against
the Company. Mr.. Whitley further
says there has never been any threat of
the firm to sue stockholders and he did
not know it would be done, or that a
cent would ever he realized from the
above suit. He considered the best plan
of settling up the affairs of the old Com
pany was to reduce all valid claims to
Judgment without expense; then let
stockholders purchase claims which
holders are perfectly willing to sell at
a great sacrifice and thus settle up the
entire Indebtedness of the Company.
SPRINGFIELD AND SIDNEY RAILROAD.
Mr.. B. E. Orr, formerly of this place,
now of Columbus, and Captain J. c,
Donaldson, of that city, are working
up the project to build a railroad from
Springfield to Sidney, connecting at
Springfield with the Springfield South
ern Qate s., j. and P.) In a card pub
lished by them in the Springfield pa
pers of last Thursday, after stating the
work already accomplished by them,
they make the following proposition to
the citizens of Springfield and vicinity:
eff you will raise for us, in subscrip-
tions and donations, $4,000 ($15, 900 of
which has already been donated), pay
able when the road is ready for the run
ming of cars between Springfield and
Sidney, and aid US to secure the balance
Of right of way in the immediate vi
cinity of Springfield, all this prior to
the lst Of January, so that we can make
our sub-contracts Immediately there
after, we will obligate ourselves to run
a train from Springfield to Sidney by
the 4th of July, 1880, providing the iron
and ties can be had and delivered on
time. This is both definite and final,
and let every citizen who is interested !
in tirst-class standard-gauge railroad,
as direct outlet from Springfield to
The great West, file copy of this issue
Of this paper for future reference"