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Letter to Editor
April 14, 1878
The New Orleans Daily Democrat
New Orleans, Orleans County, Louisiana
What is this article about?
On April 9, 1878, in New Orleans, W. Van Benthuysen formally accepts election as President of the Crescent City Railroad Company at the urging of stockholders, after initial hesitation due to his duties with another railroad.
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Full Text
New Orleans, April 9, 1878,
Messrs. U. Marinoni, A. Marquez, A. Block, C. Jumonville, E. Gelpi, A. Britton, John Olmstead, H. Griffo, F. Roder, H. Labasse, O. V. Fernandez, and others:
Gentlemen - Your communication of the third instant requesting me 'to accept of election to the Directory and serve as the next President of the Crescent City Railroad Company,' is at hand.
In reply, I beg leave to say, that in October or November last, at urgent solicitation, I reluctantly consented, upon certain conditions, if it was the desire of a majority of the stockholders, to accept the position of President of the Crescent City Railroad Company, if elected, it being understood that I would do so in connection with my duties to the New Orleans and Carrollton Railroad Company, and that no active participation in the election on my part would be expected,
The attention and study required to manage an interest of this nature has caused me to hesitate in undertaking this charge.
Understanding, however, that your letter conveys the request of a majority of the stockholders, and as I am informed that the enhanced value of the stock is due to this contemplated arrangement, I feel compelled to accede to this request, and will take pleasure in giving my attention to the position, if elected, and in being associated with the gentlemen that have been suggested as Directors, Messrs. Marinoni, Marquez, Labasse and Roder.
Please accept my assurances that I appreciate this expression of your confidence.
Very respectfully,
W. VAN BENTHUYSEN
Messrs. U. Marinoni, A. Marquez, A. Block, C. Jumonville, E. Gelpi, A. Britton, John Olmstead, H. Griffo, F. Roder, H. Labasse, O. V. Fernandez, and others:
Gentlemen - Your communication of the third instant requesting me 'to accept of election to the Directory and serve as the next President of the Crescent City Railroad Company,' is at hand.
In reply, I beg leave to say, that in October or November last, at urgent solicitation, I reluctantly consented, upon certain conditions, if it was the desire of a majority of the stockholders, to accept the position of President of the Crescent City Railroad Company, if elected, it being understood that I would do so in connection with my duties to the New Orleans and Carrollton Railroad Company, and that no active participation in the election on my part would be expected,
The attention and study required to manage an interest of this nature has caused me to hesitate in undertaking this charge.
Understanding, however, that your letter conveys the request of a majority of the stockholders, and as I am informed that the enhanced value of the stock is due to this contemplated arrangement, I feel compelled to accede to this request, and will take pleasure in giving my attention to the position, if elected, and in being associated with the gentlemen that have been suggested as Directors, Messrs. Marinoni, Marquez, Labasse and Roder.
Please accept my assurances that I appreciate this expression of your confidence.
Very respectfully,
W. VAN BENTHUYSEN
What sub-type of article is it?
Informative
Reflective
What themes does it cover?
Infrastructure
Commerce Trade
What keywords are associated?
Crescent City Railroad
President Election
Stockholders Request
New Orleans
Railroad Management
What entities or persons were involved?
W. Van Benthuysen
Messrs. U. Marinoni, A. Marquez, A. Block, C. Jumonville, E. Gelpi, A. Britton, John Olmstead, H. Griffo, F. Roder, H. Labasse, O. V. Fernandez, And Others
Letter to Editor Details
Author
W. Van Benthuysen
Recipient
Messrs. U. Marinoni, A. Marquez, A. Block, C. Jumonville, E. Gelpi, A. Britton, John Olmstead, H. Griffo, F. Roder, H. Labasse, O. V. Fernandez, And Others
Main Argument
the writer reluctantly accepts the request from a majority of stockholders to serve as president of the crescent city railroad company, following prior conditional consent and considering the enhanced stock value.
Notable Details
Previous Consent In October Or November Last Upon Certain Conditions
No Active Participation In Election Expected
Association With Suggested Directors: Messrs. Marinoni, Marquez, Labasse And Roder