Report Of The Select Committee Appointed By The Assembly March 11 1873 To Investigate Alleged Mismanagement On The Part Of The Erie Railway Company

Author : Woodstock and Lake Erie Railway Company
Publisher : Forgotten Books
ISBN 13 : 9780364086124
Total Pages : 52 pages
Book Rating : 4.0/5 (861 download)

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Download or read book Report of the Select Committee Appointed to Investigate and Report on the Affairs of the Woodstock and Lake Erie Railway and Harbour Company, 1857 (Classic Reprint) written by Woodstock and Lake Erie Railway Company and published by Forgotten Books. This book was released on 2018-03-18 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Report of the Select Committee Appointed to Investigate and Report on the Affairs of the Woodstock and Lake Erie Railway and Harbour Company, 1857 As an instance of the glaringly unscrupulous manner in which the objects of certain of the parties interested in duping); the municipalities were effected, Your Committee beg to direct the attention of Your Honorable House to the following, the particulars of which will be found in the evidence of Mr. Hodge, the associate engineer of the Company. Among the municipalities granting loans to the Corn pany was the township of Windham. After the passage of the by-law and iterati fication by. The rate-payers, it became the duty of' the Reeve of the townshtp to hand over to the Railway Company, under certain conditions, the necessary papers to enable them to obtain Government debentures, under the by-law. To do thisthe' Reeve referred to had what he called scruples, according to the statement of the witness. Means were soon found to remove them. A sub-contractor was sent to'rhim'with an envelope containing $500, which was quietly handed to him. The scruples were removed, and, as witness states, twenty minutes after, the necessary pa'perswere in the hands of the Secretary of the Company; subsequently the mes senger carried the Reeve another envelope containing an additional $500, one hun dred of which he deducted for his own services in negotiating the transaction. And the balance be handed to the Reeve as payment in full for the removal of his scruples. Your Committee have no comment to make on facts so discreditable to all parties concerned. Ou the obtainment of the moneys by the means thus described from the muni cipalities, in direct Violation of their undertaking through the said Landon and Gray, and of bonds given by them to the same effect to the municipalities, the di rectors, without expending a single farthing of their own means in the construction of the road, proceeded to dispose of the moneys loaned them. In the like violation of the said assurances the said directors changed the tenor of the said alleged con tract by converting it from a credit to a cash one, without the knowledge or consent of the municipalities, and for his influence and exertions in obtaining the contract for Zimmerman and Company, Henry De Blaquiere, one of the directors, is dis tinctly proved to have received a bribe of no less a sum than under this contract, in which the said De Blaquiere admits he was a secret partner to the ex 'tent of o'ne-fifth the profits. The work on the road was at length begun, right of way to a considerable extent secured, and stations and depot grounds fixed upon. The municipalities, invigorated by this appearance of' a serious intention to proceed with the operations of the works, and having their attention thus attracted from the frauds which have been practised on them, congratulated themselves on an approach to the realization of their long cherished expectations. These expectations, how ever, were not of long; continuance. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.