New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-23
FINANCIAL.
From the Chicago Democrat.

From the Chicago Democrat.
pAlLROADS.-A writer In last Satur-
days" Democrat" who calls himself disinterested
laid plot which is that the 0alena and Chicago Union
Railroad Company and the Michigan Central aud the Mich
iRan Southern Companies about TO combine IN order 10
do all the transportation, al the forwarding. and all
the warehouspg business of The whee northwest and
that simple agreement 10 leave the Indiana branch OF
the first named road 10 the two latter companies Is &C
eopish all ths and provide for The ssS%dSSs and M st
built up city" and calls upon the citizens of Chica
60 and the northwest TO awake upon this subject and let
their voices be heard"
For sested ob.eIyeT this writer seems 70 be won
end proposes very dsnteyested mode Of remedylng all
these mOnsrous evils TO wit 10 let The Michigan South
ern Road come here from the Indiana State line, without
requiring her relax her iron grippe upon the Road
from Michigan City State line, and thus secure 10
this rosd real and substantial monopoly and not an ideal
ard imaginary one such as this writer has described
Enough of INVESTIGATION and misrepresentation, OF which
this dspteyested writer has contributed his full share has
gone abroad on this subject u is nne the 1eaI iscts
hch caused The action of the directors othe Gaena aud
Chicago Union Railroad Company should be placed bet re
the public This board had before them the most unequv
ocal evidence that there existed determination on the
part Of The Michigan Southern Road only 10 prevent
the Central Company from extending Their road 10 Chcao
hut also Ttfute draw hsir ovor their road viii n
s the only way the business Of the Central ROAD could be
SO accommodated ny the Southern that they could enter
into fair competition wiihthem this side OF Michigan Ciy
What that evidence One ofthe leading directors aud
managers The Southern road when here in November,
stated that they would axe no terms with the Central
road but such their charter contract under which
they acting required them to grant THIS instrument
requires them do nothing facilitate the business eth
Central rosd The Southern road procured the passage OF
bill through branch OF the Indiana Legislature last
winter which provided that road should be built for ten
years AFTER their road completed running within ten
miles oftheirs in the same general direction Had this bill
becore law not only the Michigan Central but all other
would have been prevented for thirteen from
approaching Chicago round the souhery bend of Lake
Michigan and this law being in the nature OF contract
The Southern road would have been rrepeaRbe and
The people of Chicago and the Northwest would have
walked up too late prevent the most gigantic and perfect
scheme ofmonopoly attempted In this country But
his al. The Southern road fearing that other
rogd m oh nj 81 q
their track. and thus get Chicago without charter,
causeda strip ofand 10 be purchased extending from the
lake shore four miles inland, thus cutting Othe possibility
Of any road buying their way TO Chicago.
Ahese things coming before the Board Of Directors OF
the Galena and Chicago Union Railroad Company, they
adopted they in duty bound TO do, the eec
us means In their power keep open the approaches to
this from the East the tree competition OF all roads
pointing IN This direction Their action Is before the pub
lie and entertain fears what the judgment Of that
public will be when the ogs and nts which the interest
ed SCENTS Of the Michigan Southern Company have
deHvored throw around It, have been cleared away. It,