EXHIBIT
OF THE
mmul isdiampous aid cleilaid
STKAIGHT LIlsE
RAILROAD COMPANY.
i, _
Bllr- n) c- - .
NEW YOKE: -
railroad journal job printing office, 122 nassau street, f
1854. '
AME) mwmmrn^
OF THE
EVANSVILLE, INDIANAPOLIS AND CLEVELAND'
STRAIGHT LINE
EAILEOAD COMPANY.
OLTVEE H. SMITH, President.
WILLAIID CAllPENTER, Vice President.
JAMES GEEENE, Secretary and Treastiret.
HENRY 0. MOCEE, Chief Engineer.
directors;
WILLAED CARPENTER, )
HEN-EY D. ALUS, ^ Vnndel-bnrgh County,-
JAMES W. COCKEUM, Gibson County,
ALEXANDER LESLIE, Pike County,
WILLIAM S. TURNER, Daviess County,
WILLIAM MASON, Greene County,
JOHN H. JOHNSON, Owen County,
PEANKLIN HARDIN, Johnson County,
OLIVER H. SMITH, Marion County,
JOHN LOVE, Delaware County,
JEREMIAH SMITH, Randolph County.-
EXHIBIT OF THE
EVANSVILLE, INDIANAPOLIS AND CLEVELAND
STRAIGHT LINE RAILROAD.
On- the 12th of May, 1853, this Company was organized
under the general laws of the State of Indiana, for the purpose
of constructing a Railroad from Evansville, via Indianapolis, to
Union, at the Ohio State line. This is one of the important trunk
lines of the West. It is about 225 miles in length from Evansville
to Union, or 150 miles from Evansville to Indianapolis, and 75
miles from Indianapolis to Union. It passes through the centre of
the State, lengthwise, running down the extensive valley of White
river, through the ine.xhaustible coal and iron fields of the south¬
western Counties of the State. The population of the thirty coun¬
ties, through, and adjoining which, the Road runs, is 450,000;
the valuation of ta.vables, $95,333,309 ; the bushels of wheat raised
last year about 1,670,971; and of corn 7,919,975 bushels. The
country through which it passes is susceptible of the highest state
of productiveness, and is being rapidly populated. The lands on
its line have already more than doubled in value since the location
of the Ro.ad. This road will be tasked with an immense local and
way business equal to any road in the West, as it will occupy, and
draw to its embrace the business of the south-western quarter of
tbo State, now' destitute of any Railroàd coimection with" flio
The State of Indiana is bormded on thé OÈSo river fröth
4
the mouth of the Great Miami, to the mouth of the Wabash, bj
water, 388 miles. It is 134 miles from the mouth of the Miami to
New Albany, and 354 miles from New Albany to the State line,
at the mouth of the Wabash river. There are four Railroads ter¬
minating on the Ohio, within the 134 miles, running to the capital
of the State, one at Lawrenceburgh, one at Madison, one at Jeffer-
sonville, and one at New Albany, and none but the above road
within the other 254 miles, running directly from the Ohio river to
Indianapolis. The paramount character of this Road, however,
is, that it is a link in the great through line of the same gauge,
connecting the city of Evansville on the Ohio river, with the city of
Cleveland and other cities on Lake Erie, through the capital of the
State.
The through business on such a line must obviously be immense,
while its local or way business will be very heavy, as a statement
of a few of the prominent facts before us will conclusively demon¬
strate. Cleveland is the great connecting point on the Lake, of
the travel from the North-Eastern Atlantic cities and Canada, as
well as of a very large portion of the merchandize destined for
Indiana, Kentucky, Tennessc, Alabama, Mississippi, Arkansas, and
the whole South-West. The connections of the line there, are not
only highly important, but are all that could be desired. Between
Cleveland and Union the line will be intersected by the Philadel¬
phia and Pittsburgh line, the Sandusky City line and the Toledo
line. At Union by the Baltimore and Columbus, the Greenville
and Dayton, the Cincinnati, Union and Fort Wayne, the Union,
Peru and Chicago, and the Sandusky, Fremont, Lima and Union
lines. Between Union and'Indianapolis, by the Cincinnati, Win¬
chester and Fort Wayne, the Fort Wayne and Southern, Cincin¬
nati, New Castle and Grand River, the Cincinnati, Logansport
and Chicago, and the Cincinnati, Peru, Laporte, and Chicago
lines. At Indianapolis we shall be intersected by the Terre
Haute, and St. Louis, the Madison, the Belle Fontaine, the La
Fayette and Chicago, the Centra), the Indianapolis and Cincin¬
nati, the Peru and Chicago, the Jeffersonville, the Springfield,
5
(Elinoîs,) the New Albany and Salem, the Junction, and Short Lino
Cincinnati Eailroads. Between Indianapolis and Evansville our
Road wil bo intersected by the main line of the New Albany and
Salem Eoad, connecting us with New Albany, La Fayette, Michigan
City, and Chicago. We shall also intersect the Cincinnati and St.
Louis Railroad, 54 miles from Evansville, connecting us, directly
with Cincinnati at the east, and through Vincennes with St. Louis
at the west. Our connections at Evansville are no less important.
Evansville is the South-western city of Indiana, on the Ohio
river, at the terminus of the Wabash and Erie Canal, and the
Princeton, Vincennes and Terre Haute Railroad. It contains an
active energetic population of ten thousand, rapidly increasing.
It holds the key of the Wabash and White river valleys. It is the
natural point for the southern trade of the State, owing to the great
bend in the Ohio river. It has no near rival city to contend with.
It is 210 miles below New Albany, 213 miles below Louisville,
263 miles below Madison, and 363 miles below Cincinnati, by the
river; and yet it is only 150 miles from Evansville to Indianapolis,
and only 430 miles from Evansville to Cleveland by our line. It
therefore follows that while the traveller from the south and south¬
west would only have 150 miles from Evansville by cars over our
Road, to reach Indianapolis, he would have to travel 319 miles by
river and the New Albany or JefFersonvillo Eailroads, 349 miles
by river and the Madison Railroad, and 473 miles by river and any
of the Railroads from Cincinnati, to reach our capital.
As travellers measure distance by time, it may be proper to look
into that matter. The average, time of ordinary steamers, at aver¬
age stages of water, from Evansville to the wharf at Louisville,
after passing the canal at the ^lls, is about 36 hours ; to Madison
44 hours, and to Cincinnati 54 hours, when there are no delays of
bars, shoals, ice, fogs, or at the canal or wharves. Passengers from
New Orleans, Mobile, Charlestonj Savannah, Nashville, Memphis,
and the south-we&t, taking our cars at Evansville, may be at
Indianapolis in five hours, Cleveland in fifteen hours, Pittsburgh,
in eighteen hours, Philadelphia or Baltimore in thirty hours. New
York in thirty-four hours, and Boston in forty hours.
â
Our Koad will connect at Evansville with the immense travel
and business of the Ohio riyer, Green river and Wabash river, the
Princeton, Vincennes and Terre Haute Kailroad, the "VVabash and
Erie Canal, the Henderson and Nashville Railroad, now in process
aî construction, and over that Road with all the Railroads radiating
from Nashville, to Charleston, Savannah, Mobile, Pensacola, and
New Orleans, and also with the projected Straight Line Road
from Evansville to Memphis, by Henderson, Smlthland and Padu-
cah, to connect at Memphis with the Southern Pacific Railroad,
We refer the reader to the Map, fully showing these connections,
ROAD AND RAIL.
The most permanent ballasted Road with a heavy T rail has
been approved^ the Board believing that a first class Road is
essential to the public business, desired speed, and ultimate econ¬
omy of construction, and maintenance of this trunk line.
PROGRESS OF THE WORK,
The whole Road has been located, and the'first General Division
of 54 miles, was put under contract on the 15th of February last.
For the purpose of making our Road profitable to the stockholders
as soon as possible, we have resolved to complete it in four contins
uous sub-divisions. First, from Evansville to the crossing of the
Ohio and Mississippi Railroad, about 54 miles, by which we shall
be put in connection with Cincinnati and St. Louis direct, and
indirectly with all the Railroads of the State, the north and the
east, Second, from said crossing to the New Albany and Northern
Railroad, about fifty miles, by which we shall be directly in
conne.xion with New Albany, La Fayette, Michigan City, Chicago
and Detroit, Third, from said crossing to Indianapolis, by which
we shall be put in connexion with all the Railroads radiating from
the capital. And Fourth, from Indianapolis to JJnion. The con-
cffmofion of this, last section will depend upon the contingency
whath^ n through > line of the same gauge, and ' through nrrai^e-
menfe l^ansvihe te (Beveland,' avoiding trau^ipxnent^
be obtained by the Cotiipany without it, by the time the Eoad from
Evansville to Indianapolis shall be built. The means of the Com¬
pany will first be applied to the Road between Evansville and
Indianapolis, and the section from Indianapolis to Ilnion will not bo
made, unless it should become necessary to build it, to secure tho
through line of the same gauge from the Lake to the Ohio.
alignment of the road.
This Road presents a remarkable alignment. The distance from'
Evansville to Indianapolis by air lifie is about 147 miles, and by the
Railroad line about 150; or only three miles longer than an air
line, while the maximum grade is only 39 feet to the mile, and the'
average curvature under one degree radius. The line from In¬
dianapolis to Union is 75 miles in length, by air line, and the same
by Railroad line, without a curve. Tho cities of Evansville and
Lamasco have granted the right of way, for a double track, to the
Ohio river, upon any street of the cities, with the free use of the
wharf for landing and transfer of freight and passengers between'
the cars, the Ohio steamers, and the Southern Railroads.
COST OF THE ROAD.
Henry C. Moore, Esq., the Chief Engineer, estimates the cost
of the Road, including ample equipments, station grounds, and
buildings, machine shops, and damages to real estate at §23,202.
per mile, cash, which from his experience, having just finished
the Indiana Central Railway as Chief Engineer, is believed to be'
about the actual cost of the Work.
business of The road.
This Road is presented by the Company as one of the leading
trunk lines demanded by the public, and an examination of its claims
to that character, both as an east and west and north and south
line, is solicited. Its local business will be equal, at least, to that
of any Road in the West, of its length. It passes through a
country of unsurpassed fertility, being densely populated, and
8
abundantly supplied with hydraulic power from "White river. It
is directly connected with the Iron Mines and Cannel Coal fields of
Southern Indiana. It connects sis County seats with the flourish^
ing capital of the State. It taps the Ohio river at Evansville, 213
miles below the Falls, and will, unquestionably, carry the sugar,
molasses, and other products of the South, coming up from New
Orleans for Central Indiana and the North, at the saving of river
transportation, from Evansville to the termini of lines of railway
above, of from 213 to 363 miles. For the probable through travel
and business of the road we refer to its Eailroad connections as
before stated. We state these facts without making any estimate
of its dividends, or the value of its stocks, with the single remark,
that in our opinion few, if any, of the leading trunk lines in the
United States will be more certain to maintain a large business and
high rates of dividends, than will this Road, as we are satisfied
that it combines all the elements of a paying Road.
PRESENT MEANS OF THE COMPANY.
The Subscriptions to the Company up to the date of this
Exhibit, less than ten months from its organization, are as follows :
Subscription of the City of Evansville, . . $200,000
" " " Lamasco, . . . 50,000
" " Lands at cash value, . . 450,000
Individual cash subcriptions, .... 360,000
Total, . , ^ . . . . $1,060,000
' (• ' i 1 rï '
Which will bo largely increased by stock to be taken by cofitractorsj
as well as by the stock being taken in the counties on the line.
The Board desire, as soon as possible, to prepare the Road for
the iron between Evansville and Indianapolis, in continuous sec¬
tions, and for the purpose of raising the cash means required to
meet their contracts on the first general section, they propose now
to sell one hundred bonds of the city of Evansville, and fifty bonds
of the city of Lamasco, of the denomination of one thousand dob
lars each, bearing an interest of seven per cent., payable semi-
9
annually at the Alerchants' Bank, in the city of New York, running^
twenty years. And also two hundred and fifty Company bonds of
like denomination, and bearing a like interest, payable as above,
running ten years, and convertible into the stock of the Company,
at the pleasure of the holder within five years.
SECUEITY FOR THE PAYMENT OF BONDS.
The bonds of the cities of Evansville and Lamasco,. are obliga¬
tory upon those cities, and the taxables thereof, which are ample
security- They are also endorsed by this Company. The bonds of
the company now issued and offered for sale, from No. 1 to No. 250
inclusive, are secured by a Deed of Trust, to Francis Fellowes,
as a Trustee of the lands described in a Schedule thereto attached,
of the cash value of $251,492, which is more than the amount of
the bonds issued, being all the bonds to be issued upon them, and
by the general liability and stock means of the Company, now
and hereafter, to pay the same. The lands mostly lie within ten
miles of the line of the Road, and partly within six miles of the
Wabash and Erie Canal, have been taken at cash valuation, made
by a Director, and will bo largely increased in value by the con¬
struction of the work. So that there cannot be a question as to
the entire security of the bonds, the construction of the work, the
importance of the Road, or the ultimate value of the Stocks.
By the terms of the Deed of Trust, the lands embraced in it are
to be sold from time to time, and the proceeds of such sales to be a
sinking fund for the ultimate payment of the bonds under the
direction of the Trustee.
Francis Fellowes, of Hartford, Connecticut, is the Trustee of
the Real Estate conveyed in trust to secure the payment of the
above 250 Bonds. We have employed Harvey Seymour, of
Hartford, Connecticut, and Atwood, Dunlavy & Co., 18 Wall
street, New York, as our Agents for the sale of our Bonds.
0. H. SMITH, President.
W. CARPEN'J'ER, Vice President.
Indianapolis, Ind., March 1, 1854.
2
ERRATA.
Page 4, 3d line from top, read, 254 miles, instead of " 354
miles."
»
APPENDIX.
ACT OF THE STATE OF INDIANA
Approved February 5tb, 1852.
" Section 1. Be it enacted by the General Assembly of the State of Indiana,
That each and every railroad, plank road, McAdamized and turnpike road Com¬
pany heretofore incorporated or hereafter to be incorporated within this State,
shall have lull power and authority from time to time to borrow money upon
its own credit at any rate of interest per annum not exceeding the legal rate
of interest allowed by the law of the State where the loans may be nogotiated
or the money borrowed, to be agreed upon between the parties, for the sole pur¬
pose of constructing its road, and furnishing materials therefor, with all neces¬
sary machinery and fixtures necessary to carry on the operations of such Com¬
pany ; and as au evidence of such loans, or for the purchase of materials and
necessary machinery on time, may issue its corporate bonds or promisory notes,
and to secure the re-payment thereof, with the interest which shall accrue, may
mortgage its road, income, and other property, and may, by its president or
other officer or agents, sell, dispose of, or negotiate such bonds, notes, or the
stock of such company, at such times and at such places either within or with¬
out this State, and at such rates, and for such prices as in the opinion of such
company will best advance its interests.
" Sect. 2. And if such bonds, notes or stock, are thus sold at a discount,
such sale shall be as valid and binding, in every respect, as if sold at their par
value ; and every such company is hereby authorized to confer upon the holder
of any bond or note, sold or issued as aforesaid, the right to convert the princi¬
pal thereof, at any time until paid, Into the stock of such company."
RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS,
At the August Session, 1853.
Res. 1. "Resolved, That the President and Vice President be directed to
prepare seven per cent bonds of the denomination of One Thousand Dollars
each, running twenty year.s, to the amount of Two Hundred Thousand Dollars,
to be executed by the Common Council of the city of Evansville, and bonds of
iike character In the amount of Fifty Thousand Dollars, to Ire executed by the
Irustee.s ol the town oí Lamaseo, in ([¡.«charge of tiieir respective subscription!» ;
12
anj the President be directed In bclialf of tlils Company to endorse said bonds,
binding this Company to pay the same, and the interest coupons as they shall fall
due, in default of such payment by said eorporations. And the President and
Vice President are hereby authorized to sell said bonds for the best price they
will bring, either in or out of this State, or to contract the same to persons for
the construction of the Road, whenever the exigencies of the Company may
require, reporting all such sales and contracts to the Board."
Res. 2. " Resolved, That the President and Vice President be directed to
■¡prepare for execution by this Company, One Million of Dollars of seven per
• cent, bonds, of the denomination of One Thousand Dollars each, to run ten
years, to be issued upon the real estate subscription, to the amount of the same,
and to execute a deed of trust upon such lands to secure the payment of said
bonds and the interest thereof. And the said bonds may be sold by the Pres¬
ident and Vice President, when executed, in or out of this State, for the best
price they will bring, or maybe paid out to contractors, as the exigencies of the
■ Company may require."
ACT OF THE STATE OF INDIANA,
Approved January 11th, 1853.
extr.xct.
" No incorporated town under this Act shall have power to borrow money, or
incur any debt or liability, unless the citizens, owners of five-eighths of the tax¬
able property, as evidenced by the assessment roll of the preceding year, petition
the Board of Trustees to contract such debt or loan ; and such petition shall
have attached thereto an affidavit verifying the genuineness of the sig¬
natures to the same; and for any debt created thereby the Trustees shall add
to the tax duplicate of each year successively a levy sufficient to pay the annual
interest .on such debt or loan, with an addition of not less than five cents on the
Hundred Dollars to create a sinking fund for the liquidation of the principal
thereof."
EXTRACT FROM THE CHARTER OF THE CITY OF EVANSVILLE.
Said city shall have power, " to take stock in any chartered company for
making roads to said city, or for watering said city, and in any company author¬
ized or empowered by the Board of Commissioners of Vanderburgh County,
to build a bridge ou any road leading to said city ; and to establish, maintain
and regulate ferries across the Ohio river fi-om the public wharves of said city.
Rrovided, That no stock shall be subscribed or taken by the Common Council
in any such company, unless it be on the petition of two-thirds of the residents
of said city, wlio are free holders of the city, distinctly setting forth the Compa¬
ny in which stock is to be taken, and the number and amount of shares sub¬
scribed : And provided also, that in all cases where such stock is taken the
Common Council shall have power to borroAV money, and levy and collect a tax
■on all real estate (either inclusive or exclusive of improvements, at their dis¬
cretion) for the payment of said stock.
/
13
F.XTRACT FROM THE PROCEEDINGS OF THE TRUSTEES OF THE
"TOWN OF LAMASCO.
May Session, 1853.
" The following order was passed. And now it appearing to the satisfaction
of this Board, by petitions filed and presented for the purpose, that more than
five-eighths of the resident citizens, property holders or tax payers of the town of
Lamasco City, and free-holders of said town, have signed said petitions, which
petitions pray that the President of the town of Lamasco City will subscribe for
nnd take on behalf of said town of I^amasco City, one thousand shares of the
capital stock of the Evansville, Indianapolis and Cleveland Straight Line Rail¬
road Company, the shares to be fifty dollars each, and the aggregate amount of
the stock thereby prayed to be subscribed, being fifty thousand dollars, and the
President and Trustees being fully advised in the premises, it is on motion
unanimously ordered that the President of the town do subscribe and take upon
the books of said Company, on behalf of this corporation, One Thousand Shares
of fifty dollars each, it being Fifty Thousand Dollars of tbe capital stock of the
Evansville, Indianapolis and Cleveland Straight Line Railroad Company."
EXTRACT FROM THE PROCEEDINGS OF THE COMMON COUNCIL
OF THE GIT Ï OF EVANSVILLE,
May Session, 1853.
The provisions of law having been complied with by the petitioners, it was
unanimously ordered that the Mayor of the city, assisted by the City Attorney,
do subscribe and take upon the books of said Company, on behalf of this city,
Four Thousand Shares of Fifty Dollars each, being Two Hundred Thousand
Dollars of the capital stock of the Evansville, Indianapolis and Cleveland
Straight Line Railroad Company."
" And on motion it is further ordered that by understanding already had
with the representatives of the Railroad Company, the capital stock now ordered
to be taken in the Evansville, Indianapolis and Cleveland Straight Line Rail¬
road shall be paid for in the following manner, to wit, by issuing to said Com¬
pany the coupon bonds of this city, bearing interest at the rate of seven per
cent, per annum payable semi-annually in the city of New York, said bonds to
amount in the aggregate to Two Hundred Thousand Dollars, and to be payable
in not less than twenty years from the first day of July next ; that said bonds
fiiall not be made convertible into the capital stock of said Company, and that
they shall be received by said Company in payment for said stock at par.''
EXTRACT FROM THE BY.LAWS OF THE COMPANY.
" It shall be the duty of the President to sign all deeds, patents, mortgages,
bonds, certificates of stock, contracts and other instruments in writing as the
official organ of the Company, the Secretary is authorized to sign all coupons "
14
COPY OF ONE OF THE COMPANY BONDS REFERRED TO IN THE
THIS EXHIBIT.
UNITED STATES OF AMERICA.
State of Indiana.
•THE EVANSVILLE, INDIANAPOLIS AND CLEVELAND STKAIOHT LINE RAILEOAD
No.^= $1,000
The President and Directors of the Evansville, Indianapolis and Cleveland
Straight Line Railroad Company, acknowledge said Company to owe upon the
sale of this Bond, payable to Bearer, One Tliousand Dollars, which sum said Com¬
pany promise to pay to the Bearer or the holder hereof at the Merchants' Bank
in the City of New York, on the first day of January, in the year One Thousand
Eight Hundred and Sixty-Four, and also Interest thereon at the rate of Seven
per centum per annum, semi-annually on the first day of each July and Jan¬
uary from the date hereof, until the said principal sum shall be paid on the
presentation of the annexed Interest "Warrants at said Bank, and the said Com¬
pany also agree to transfer to the holder thereof, at any time within five years
from the date hereof, when such holder shall elect to receive the same on the
delivery of this Obligation, and of the unpaid Interest "Warrants to the Treasurer
of said ompany in the city of Indianapolis, Twenty Shares of Fifty Dollars
each, of the capital stock of said Company in exchange for and satisfaction of
this obligation, and all rights and benefits arising therefrom, may be transferred
by general or special endorsement or by delivery, as if the same were a note of
hand payable to Bearer and hereby waive all benefit from valuation or appraise¬
ment laivs.
In testimony whereof the said Company have hereunto caused to be affixed
their Corporate Seal, and these presents to be subscribed by their President, and
countersigned by their Secretary this first day of October, in the year of our
Lord, One Thousand Eight Hundred and Fifty-three.
O. LI. SMITH,
President.
Countersigned, ,
[L. S.] JAMES GREENE, Secretary.
CERTIFICATE OF TRUSTEE ON COMPANY BOND.
I, the undersigned. Trustee, hereby certify that the Evansville, Indianapslis
and Cleveland Straight Line Railroad Company, have conveyed to me by deed
licaring date on tlie first day of March, 18.54, real estate described in a schedule
accompanying the said deed of the valuation of $251,492 lying in the State of
Indiana, taken by said Company at said valuation for stock, in trust; and for
tlie use and liencfit of the liolders of the above o'digation, and their other obli¬
gations of similar tenor, issued, and to be issued toan amount not exceeding
the valuation of said lands, with power to sell said lands, on default of payment
of said obligations or interest warrants, or either of them, and to pay the same
15
out of the proceeds thereof, as by reference to said deed of trust, which 1 have
caused to be recorded in the several counties in v. iiich the lands lie, will more
fully and at large appear.
FRANCIS FELLOWES, Trustee.
JVew York, , 1854.
CERTIFICATE OF PRESIDENT AND VICE PRESIDENT ENDORSED
ON COMPANY BOND SECURED BY REAL ESTATE.
The undersigned. President and Vice President of the Evansville, Indianapolis
and Cleveland Straight Line Railroad Company, do hereby certify that the
within bond was issued by due authority of law, and that said Company are
bound for the payment thereof, with the interest coupons thereto attached,
without any relief from valuation or apiwaisement laws, and that we have power
to sell the same, in or out of this State, for the best price it will bring. We do
further certify, that this bond is secured by Deed of Trust to Francis Fellowes,
upon real estate lying in the State of Indiana, in our opinion amply sufficient to
pay the same, and all other bonds secured by said Deed of Trust.*
Witness our hands at Indianapolis, Indiana, this first day of March, 1854.
0. II. SMITH, President.
W. CARPENTER, Vice President.
* Which is the only mortgage or lien upon the same.
COPY OF EVANSVILLE CITY BOND REFERRED TO IN THIS
EXHIBIT.
UNITED STATES OF AMERICA
State of Indiana.
THE CITY OF EVANSVILLE.
jy^ SEVEN PER CENT BOND.
The Common Council of the city of Evansville, acknowledge said city to owe
upon the sale of this bond, to the bearer. One Thousand Dollars which sum said
City promise to pay to the bearer, or to the holder hereof at the Merchants'
Bank in the city of Now York, on the first day of January, in the year One
Thousand Eight Hundred and Seventy-Four, and also interest thereon at the
rate of Seven per centum per annum semi-annually on the first day of each July
and January, from the date hereof until the said principal sum shall be paid on
the presentation of the anne.xed interest warrants at said Bank. This obligation
and all rights and benefits arising therefrom may be transferred by general or
special endorsements, or by delivery as if the same were a note of hand payable
to bearer, and hereby waive all benefit from valuation or appraisement laws.
In testimony whereof, the said Common Council of the City of Evansville
have hereunto, caused to be set their corporate seal, and these presents to he
81,000
IG
subscril)0!\ hy tlio Mayor of eaUl city, and countersigned by the Clerk thereof,
on tiiis first day of October, A. D. 1853.
JOHN S. HOPKINS, Mayor.
[L. S.] GEORGE H. TODD, City Clerk.
COPY OF DAMASCO BOND "REFERRED TO IN THIS EXHIBIT.
UNITED STATES OF AMERICA.
Stite op Indiana.
THE TOWN OF DAMASCO.
— seven per cent bond. qqq
The Board of Trustees of the town of Damasco, Indiana, acknowledge said
town to owe upon the sale of this bond to the bearer, One Thousand Dollars,
which sum said town promises to pay to the bearer or to the holder hereof, at
the Merchants' Bank in the city of New Y'ork on the first day of January, in the
year One Thousand Eight Hundred and Seventy-Four, and also Interest thereon
at the rate of Seven per centum per annum, semi-annually on the first day of
each July and January from the date hereof until the said principal sum shall
be paid, on the presentation of the annexed interest warrants at said Bank.
This obligation and all rights and benefits arising therefrom may be transferred
by general or special endorsements or by delivery as if the same were a note of
hand payable to bearer, and hereby waive all benefits from valuation or
appraisement laws.
In testimony whereof the Board of Trustees of the town of Damasco, have
hereunto caused to be set their corporate seal, and these presents to be sub¬
scribed by the President, and countersigned by the Clerk thereof, on this first
day of October, 1853.
JOHN A. REITE, President.
[D. S.] DANIED CHUTE, Clerk.
CERTIFICATE AND ENDORSEMENT OF PRESIDENT ON EVANS-
VIDDE AND DAMASCO BONDS.
I, Oliver H. Smith, President of the Evansville, Indianapolis and Cleveland
Straight Dine Railroad Company, do hereby certify that in my opinion the
within bond was issued by due authority of law. I further certity that I am
empowered by said Railroad Company, as President thereof, to endorse said
bond, binding said Company upon the sale thereof, to pay the same and the
interest coujions, as they shall fall due in default of such jiaymen t by said Cor¬
poration, which endorsement I make accordingly, in the following words :
The Evansville, Indianapolis and Cleveland Straight Dine Railroad Company,
17
ftir value received, hereby assign and transfer the within bond to the bearer, and
also hereby guarantee the punctual payment of the principal and interest, as
within stipulated.
By order of the Board of Directors
0. H, SMITII, President
October 1, 1853.
TRUST DEED.
This Indenture, made this first day of March, in the year One Thousand
Eight Hundred and Fifty-four, between the Evansville, Indianapolis and
Cleveland Straight Line Railroad Company, a Corporation duly constituted
as such by the Law,s of the State of Indiana, of the first part, and Fkanois
Fellowes, of Hartford, Connecticut, of the second part. Whereas the
parties of the first part, pursuant to the statutes of said State incorporat¬
ing them, and under their Articles of Association, provided by law, are
engaged in constructing a Railroad from Evansville, by way of Indianap¬
olis to Union in the State of Indiana, and for that purpose have received
upon subscription to the capital stock of said Company, real estate lying
and being in the said State of Indiana, of the value of two hundred and fifty-one
thousand four hundred and ninety-two dollars, especially described in the several
deeds of conveyance, from the subscribers thereof to the party of the first part,
a full and entire description of said real estate, as entered on the books of said
Company, and described in said deeds, to be deemed and taken as a part of
these presents, including all the real estate conveyed to said Company, as stock
up to the date of these presents. And whereas said Railroad Company propose
to make said real estate available in the construction of said Road, by a sale of
their bonds of One Thousand Dollars each, bearing an Interest of Seven per
centum per annum, payable semi-annually in the city of New York, running
until the first day of January, One Thousand Eight Hundred and Sixty-four,
and convertible into the stock of the Company at the will of the holder, within
five years of their date, which bonds shall be on equality so far as regards secu¬
rity by these presents, notwithstanding the same maybe issued at different times,
said bonds being numbered from One to Two Hundred and Fifty, inclusive,
each of said bonds being authenticated by a certificate, signed by said party of
the second part :—
JVbm therefore this Indenture Witnesses, that the said parties of the first part,
in order to secure the payment of said bonds and interest, and in consideration
of the sum of one dollar at the sealing and delivering hereof to them in hand
paid by the said party of .the second part, the receipt whereof is hereby acknowl¬
edged, do by these presents grant, barg.ain, sell, transfer and convey, to the said
party of the second part, his successors in trust, hereby created and a.ssigned, all
the following property of the party of the first part, that is to say, all the real
estate lying in the State of Indiana, subscribed as stock to said Company ou
the books thereof, under their charter and By Laws, the fiill and entire dcccrip
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18
t'on of said real estate as entered on the books of said Company to be deemed
and taken as a part of these presents, a schedule whereof is annexed hereto.
Prooided tliat said real estate so subscribed to said Company shall be subject to
entry, and to be convoyed to tire purchaser by said Company, discharged from
this mortgage at the office of said Company, under the now existing By-Laws of
the Company ; the proceeds of said entries and sales of said lands shall be in¬
vested suitabiy and safely by said Company, with the advice and consent of said
Trustee, in such mauaer as to constitute a sinking fund for the redemption of
said bonds, and upon the payment of said bonds by said Company, or their
conversion into stock of said Company, the said sinking fund shall revert to and
become tlie property of said Company, to have and to hold the said premises
and property, Itiiids and proceeds thereof, and every part thereof unto the said
party of the second part, Iiis successors in said trust and assigns, upon the
iollovviiig trust ; that is to say, in case the parties of the first part shall fail to
pay the principal or any part thereof, or any of the interest warrants on any of
said bonds, at any time when the same may become due and payable, according
to the tenor thereof when demanded, then after sixty days from such default,
upon request of the heldcr of such bond.s, tlie said party of the second part, his
successor in said trust, or assigns, may cause the said real estate, lands and ten¬
ements, or so inucli thereof as shall be necessary to pay and discharge the prin¬
cipal and iuterest of all such of said bonds, as may then be unpaid, and uncon¬
verted as aforesaid, to be sold at public auction in the city of Indianapolis, in
the State of Indiana, giving at least sixty days notice of the time, place, and
terms of such sale, and of the specific property to be sold, by publishing the
same in two newspapers of good circulation in said city, and may execute to
the purchaser or purchasers thereof, a good and sufficient deed of conveyance,
in fee simple, for the same, which shall be a bar against the party of the first
part their successors and assigns, and all persons claiming under them of all
right, interest or claim to said promises, or any part thereof. And said Trustee
shall, after deducting from the proceeds of said sale, the costs and expenses
thereof, and of irmnagliig such property, apply so much of the proceeds as may
be necessary, to the payment of said principal and interest, due, or unpaid on
said bonds and sliail restore the residue thereof to the parties of the first part, it
being licfoliy expressly understood that in no case shall any claim or advantage
be taken, of any valuation, appraisement or extension laws, by the said parties
of the first part, or any injunctions or stay of proceedings, or any process be
applied for or obtained by them to prevent such entry or sale as aforesaid. The
shikiiig fund shall in all cases be applied to the payment of said bonds and
interest by the Trustee, before proceeding to the execution of said trust by the
sale of the said lands or any part thereof. And the said parties of the first part
hereby covenant for the consideration aforesaid to execute and deliver any
furtluu- reasonable and necessary conveyances of the premises, or any part thereof
to the said party of the second part, his successors in trust, and assigns, for more
fully carrying into effect the objects hereof. And the said party of the first
part hereby further covenants, that the money for which the said bonds or any
of them may be sold, for the purpose aforesaid, when received, shall be faith¬
fully ajjplied to the construction of said Road. And it is hereby mutually
agreed, and these presents are upon the ex-press condition, that upon payment
of the principal and interest of ^aid bonds, or the conversion thereof into stock
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19
in the manner aforesaid, the estate hereby granted to said party of the second
part, shall be void, and the right to the premises hereby conveyed, shall revert
to and re-vest in said parties of the first part, without any acknowledgement of
satisfaction, re-conveyance, re-entry, or other act. And it is further mutually
agreed that the said party of the second part, his successors in said trust and
assigns shall only bo accountable for reasonable diligence in the management
thereof, and shall not be responsible for the acts of any agent, employed l.y him
or them, where such agent is selected with reasonable discretion. And that
said party of the second part, his successors in said trust and assigns, shall be
entitled to receive proper compensation for every labor, or service performed by
him in the discharge of his trust.
In witness whereof the parties of the first part have caused their corporate
seal to be hereto aflixed. and the same to be subscribed by their President and
countersigned by their Secretary. And the said party of the second part has
set bis hand and seal.
0. H. SMITH, President.
[L.S.].
Countersigned,
JAMES GREENE, Secretary,
20
TABLE OF ROUTES, DISTANCES. AND TIME, AT 30 MILES TO
THE RUNNING HOUR.
Routes.
Miles. Hours.
Evansvillo to Indianapolis,
150
5
Cleveland, via Indianapolis, ....
430
14
H
New York, via Cleveland,
930
31
n
Madison, via Cincinnati and St. Louis Railroad, -
170
6
il
Cincinnati, via " " " "
200
7
ti
Louisville, " " " " "
170
6
Ii
New Albany via " " " "
170
6
(i
Lawrenceburg, " " " " "
180
6
il
Henderson,
12
a
il
Nashville,
150
5
II
Smithland,
75
21Í
H
Paducah,
90
3
II
Memphis,
240
8
i:
New Orleans, via Paducah and Memphis, -
'600
20
il
Charleston, via Nashville,
650
22
u
Savannah, " " .....
630
21
il
Little Rock, via Memphis, ...
393
13
New Orleans to Cleveland, via Indianapolis, . . - -
1030
35
II
Indianapolis, via Evansville, ....
750
25
il
Cincinnati, " " ....
800
27
II
Pittsburgh, " " and Indianapolis,
II32
40
II
New York, " " " "
1530
51
Louisville, " " ....
768
26
II
Evansville, via Memphis, ....
600
20
II
Sandusky City, via Memphis and Evansville, -
979
32
U
Buffalo, via Evansville and Indianapolis,
1230
41
U
Michigan City, via Memphis and Evansville, -
900
30
II
Toledo, via Evansville and Indianapolis,
979
32
H
Dunkirk, " " " " - •
1193
39
\
21
COUNTIES THROUGH AND ADJOINING WHICH THE ROAD RUNS.
Counties. Valuation of Taxables. Bushels Wheat.
Bushels Com.
Population. Area sq Mis.
Randolph.. ..Í
52,388,832 64,650
305,000
17,660
440
Wayne
8,338,046 160,714
348,349
30,384
420
Jay
1,279,052 24,701
58,395
8,456
378
Delaware . ...
2,418,971 75,592
179,392
13,012
394
Henry
5,014,570 137,658
304,976
21,126
385
Madison
2,828,733 63,617
170,006
14,850
390
Marion
8,686,107 158,612
335,394
28,115
400
Hancock
2,412,448 47,874
144,495
11,613
308
Rush
6,119,336 119,535
576,168
19,734
414
Shelby
4,161,410 60,341
458,632
18,600
408
Johnson
3,639,527 54,992
305,212
14,521
320
Hamilton ...
2.921,373 63,617
170,006
15,221
400
Hendricks ...
.4,481,841 72,114
343,304
14,899
380
Morgan
3,665,079 60,758
96,757
17,515
453
Bartholomew.
.3,715,791 55,510
492,116
14,913
405
Monroe
2,347,670 48,447
238,850
13,543
420
Greene
1,815,562 32,373
263,396
14,775
540
Owen
2,321,277 62,339
250,280
14,527
396
Putnam
4,692,710 80,596
393,460
22,338
486
Clay
1,357,869 26,188
137,902
9,533
360
Sullivan
1,741,594 35,332
268,335
12,169
430
Daviess
1,584,677 28,075
246,896
12,422
420
Knox
2,779,184 37,356
302,990
13,301
540
Martin
654,029 7,123
100,495
7,129
340
Pike
1,510,095 14,130
167,013
9,264
338
Dubois
889,082 7,611
71,655
7,585
432
Gibson
3,064,674 34,234
320,122
12,925
450
Warwick
1,618,582 16,463
226,461
10,573
360
Vanderburgh.
.4,785,176 5,370
154,813
13,697
240
Posey
,2,100,000 15,049
489,105
15,058
420
$95,333,309
1,670,971
7,919,975
449,482 12,067