New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-19

~ 80. r.h,srsrre can state positively and 10,
y be 81. rqasa 70 complete hs ,'S s Ss en-
5000 "a. tsIss.ing ami sbo. $4,000 for srner sep.
e5ne-s9e1 - 1 ~ ..:,.-u: sm he the ca.
y. 10 receive they ~ee sHbseea 10 ,as
eena.; b; were not ,1s lyIgr sr rsSased
A. - 10. SoE :hsrn Wisconsin ls the eharEe, are Fg
FL hs' sIa d.nee Of IS miles Of which D mile;
will npled aud opened ioI US. on % aoou' ne md
i5h q October Tee whole amount SIN 20 Be paid or w0,a
done and be done 70 compete n. eSTPS'y'
m. r,nr on TO- two bridges the Wisconsin River 20
sdI: Of e,.y AID aan,s5Gpse $500 . b.n IS o
AID W q cos, mole than tina, sum. .ao no ,-
whsrfrg Prairie du Chen Wharte, on ,ne Ms'spp t
Rive would INDEED BE- -omeihns new eAesps
Mws5se. and Mss.,ippi Company have natural levee FOX
goo the E'ver relnns no si'ieHA' " "
A. AZ answer 10 fs.ehood reference 20
herr sert the following communication ~neh was I g..
The Erprts the paper In winch 'hi Statement NV
OyrIcE OF TIRE MLwAusEE asp MissI;srPi RAN
NEW YoSs, Aug - lSS''
To the EGher, Of he yetc. York EIpros:
bag leave advise that the idea OF TINS couPsys
issuing preferred stock TO the amount OF million al
wbssver ha. never been 1' for such
esnIs- the Company have contfo oil si tue H
|. woud be Su,e Satisfactory the OF the Com
psny a. well as TO tho stockholders If you would state whsL
YOU procured the suggestion contained IN your
Jen in reference 70 the of such preferred stogk par
tsry as now assert such sussestion- must nave sn
mated iron party or parties wislns 20 njui' tue '
d'''F'' Inc 'n''''' EDWARD IL BRoDHEAp President.
Having r-pled 10 the items detail now add that before
the year unless the pr OF business upon ns
shall DELAY it, tse Company VIII have is
lire Prairie du Chen 1872 miles, and ITS southern s
line 10 Nonroc ~ miles distance OF 20 miles, fo
less than 57eooOO which sum can now s'ae, O Hig
completion entire work. will cover all the
Of very name connected whthe building and tar
~ b q Iaes ,ausliy well coDsruced have hereto
for been built in the West lift ncrea that
,i alr iseiii.ie. to do the increasing business.
Thu S w Be @ paid nt Inc Sa"d
aud the .u- BY of the floating debt may remain
upHonidat.d AZ the close ofthe fiscal year. 49, 1890.
To provide the interest the Bonds VIII require
SINKING a n una diydcni. on the stock $4,000
r..., ss75, so
IT. Tosa the above result and allow Is . cent
ming (which will also the wear ana tear ana a
probation time to come OWING 10 tne w.,
which be purchased which one OF the largest TENS
il the running eAp'e viii tsass maj 'a skSs
when the road may b. said to have been IN operation 20 rt
do Chen ard making no iSn an rs cost is
included in the stated nor from the completion OIL ne D
'fI b sXe ny 70 dd that hsv. be- connected the
sgsuent the Milwaukee and Mississippi road as ITS oaei
have been familiar with all OF the important transactions OF the
COMPANY and therefore can STATE from my own
most careful and character and that the true financial
coson the Company has always been given IN the Direct
In rse,entng these statements duty to the stockholders
is performed They alone determine whether they ~
b,iey, them and the sacrifice OF their property
whether they win be governed by the gross bes which are
daily spread broadcast and take the opposite course
"A the Company have made semannua reports 10,
perhaps proper andcr the present 70
state this communication that the semi annual DIVIDEND
which according former custom of the Company would
have paid the Let of July past has been deferred on
what the Of the Company believe to be sound financial
principles wit that Of paving the debts OF the Company
from the earned rather than to borrow or sell securities
at sacrifices for that which must be done Dy
any Railroad Company who attempt the latter course IN the
dsorered unhealthy state of the Money market In
reference the of such securities The ability OF tina
Company pay its regular half yearly dividends soon "
thu floating debt sufficiently provided for fully set forth in
this communication.
Stockholders in considering this subject must bear in mind
deferred divide nd, when applied to the payment OF
directly 10 their credit aud benet
R.,pt ctfully EDWARD II. BRODHEAD President