The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1911-02-22

The report given In this paper some
weeks ago, that tie Iron Mountain
railroad company Eai goIel posse.
sion OF the Cairo 4 Thehes propert.
was confirmed yesterday mornin
when a document was filed for recor,
in the circuit clerks office, in whiri
the property was declared to nave
been lease by the Iron Mountain
! company for a term OF 80 years.
This was done without the knowl
edge and consent OF the majority O
the Cairo & TheGes directors wJo re
fused to give up the properly 70 tie
Iron Mountain or to any o;ner raj.
road company exclusively. insisting
/ that fa!ta should be kept with Tx
people OF Cairo, who were induced &c
/ grant the vaNaEla franchises askeI
for upon the explicit promise of MIR
+. A. Smith lepeated and emphat.
ally made, that the road should be an
"oren roaF' into Cairo, for all raj
roads centering at Thebes.
II appears :1dt when the PROPOSE
ton was presented to the local boar
OF directors some time ago tley SUB
bornly refused to yield the point re
ferred to. and have stood firm in op
position to the lease Among taos
opposed TO it was the late Dan liar,
man, and after his death an atteup
was made to fill his place with MAJ
who would consent TO the .ease; gu
this attempt failed because the re
naming directors who were opposed
to 1t still neld majority.
Seeing that nothing could be dort
with the board OF directors, Fresiden
Smith decided TO act without them
In conference with his name sake 0
the Louisville & Nashville, it was &c
cided to get nd OF the obstreperou.
directors by heroic brocee1:n g-
simply put the rollers under tleu
and scoot them out" and fill theil
places with men who would be more
REASONABLE"
II will be remembered that al the
stockholders Of the company here
were given stock il the Cairo &
Thebes Co, on condition that they
at once sign it over to the L. & n
officials; and this left them withou;
any voice in the selection u board
of directors, or OF officers OF the
company-the /, & n. nad full co..
troll, so far as the stock was coz.
cerned; ana proceeded to carry out
its purpose accordingly without con.
srlting any of them except the Jew
WAC were willing to yield to what il
wished TO do Nor does it seem 10
have made any difference that the
stock was thus subscribed for and
signed over TO the l.. &. ~, with the
understanding that the agreements
made with reference to the Cairo K
Thebes- particularly that relating to
its being made and kept an open
road into Cairo-shoud be car
rel out. This was OF no con
sequence with tse gentlemen after
they had possession of the stock, and
hey did as they pleased--overrlding
all Hedges that in any way inter
ierred with their purposes.
Meeting On Private Car.
Ai;"ougA the Iron Mountain passed
resolution accepting the proposition
TO lease the Cairo & Thebes on July
II, 1910, and the lease was drawn
Under date of August Of the same
year, the matter was not finally an.
proved and closed and made effective
until Monday night at meeting neld
on the private car or the L. 4 N
president, while it was on the run to
Cairo. 1t appears that President
smith Of the Cairo G. Theoes went 60
Padncah to JOIN the l.. & n. president.
and on the run to Cairo a Special
meeting OF the stockholders of the
cairo q Inebes railroad was called
and held. All the stock amounting
TO about 100000. was represented
at tae meeting being in the hands OF
the two or three men present in the
car The program had been cut and
dned, and was quickly carried out,
as there were no kckers on board.
me hrst thing necessary was to
bounce Directing directors of the
Cairo & Thebes, which was Gone in
a minute by the watch, and it did not
take much longer than that to put
men in their places who would lie
more acquiescent. This Gone, the
lease to the Iron Mountain Of Aug.
1870, was promptly ratified.
New Board Of Directors.
The new board OF directors con.