The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-12

isl9, and done in Duplicate. (signed),
ID. Il. lloLBRooK,
President Of G. G. and G. Co. (Seal)
Witnessed by ELHu TOWNSEND
Cas-. DAVIS.
1.-THE foregoing instrument should not be deemed
legally binding upon the Cairo City and Canal
the direction Of the Governor OF illinois will be
executed, when submitted 10 me. (Signed),
ID. h. HolunooK, President Of c. @. 4 G. Co.
&c Com
wAsANofoS, Dec. "a, 1879
DEAR SIR II have been requested by the Hon
John A. Rockwell, OF Conn, ION behalf OF the Cairo
City and Canal Company, TO forward to you the
enclosed paper, being release 90 the State of I'LL
nois, by said company, Of the charter Of the Great
Weston and Central Railroad Companies, and all
acts and parts Of acts supplemental or amendatory
thereof, and all the rights and privileges granted
by them, or either OF them. as fully as II those
acts had never been passed by our Legislature.
The circumstances under which this release was
executed, SO far as the facts have come TO my
knowledge, are as followsi-Some time ago Mr..
g. M. Billings, as agent Of said company, placed
in my hands a letter, written by Mr.. ID. Hol-
brook, 10 your excelepcy, in which he encl)ses 70
you what puipofted TO be release, or rather pro-
mise 10 release, TO the State, those charters, upon
certain conditions hereafter TO be performed. Mr..
Billings, at the came time, placed in my hands
copy Of said release or promise 10 release executed
m duplicate, and bearing date the 18th Of this
month, for The purpose Of satisfying me that the in
terusts Of Illinois would not be sacrificed in the
manner and 10 the extent had apprehended in my
Aeechcs at Chicago and spriag iield last October,
and for the further purpose Of enabling 60 obgi-
ale the well known and insuperabe objections Of
Congress 10 making grants ~ lands 10 or for the
benefit Of private corporations. Mt. lIolhrook's
letter TO you, OF which copy was also furnished
me. confirmed this view Of the subject as 20 the
motives fOr executing the release. | informed
Messrs. Billings and Rockwell, who represented
the interest Of the Cairo City aud Canal Company
in this affair, that was invested with no authority
10 speak and act for the people and State OF Illinois
in this matter. and had other interest in IT, or
right pertaining to u, than that which was common
10 every citizen Of our state who felt a deep in
tersst in her prosperity and welfare but that was
entirely willing to express TO them my opinions
upon the subject, as a private individual. | then
informed them that did not regard the paper exc
outed in duplicate on the 18th Of December, ard
ruucrunr to- be a RELEASE or promise TO release,
The rights nier the railroad charters granted by
our Legislature, as being valid and binding in law
upon the Cairo City and Canal Company. IL was
executed by ID Il. Hobrooh, as President, and on
behalf and under the corporate seal Of the Cairo
City and Canal Co, hut without the sanction and
authorities Of the stock holders or even the board
of directors 4 that the president possessed no
power To act for the company, except under the
authority snd by the direction Of the board Of direc-
tors, and then only, IN pursuance and In the eyer