The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-03-06
More Light about that 100000 Bri.
On Monday last re laid 65jbre the nblid

1rsou''e's condensation of the report of the
Milwaukee and La Crosse KsiIf0Sd U6mpany
under the new management:
"The Board have taken stops to recover
the million of bonds issued to the St. Croix
and Lake Superior Company, and also two
hundred thousand dollars of bonds loaned to
the Minnesota and Pacific Railroad Compauv.
WHICH NEVER REACHED THE TREASURY OF
THAT COMPANY" .
Now, swhat became of this money What
stopped it in its transit from the hands of the
Milwaukee and La Crosse Company into the
Treasury of the Minnesota and Pacific Com
pany? The former Company has doubtless
some evidence in its possession receipt
or voucher from the President or Directors
Of the Minnesota Company showing that the
bonds were actually loaned to the Company
but there is a meaning significance in the
last clause of the sentence (which (bonds)
''erer reached the Treasury of that Company"
Why they never reached the Treasury is
plain They found a halfway Treasury
in the breeches pockets of the members Of
the Extra Session of the Legislature To
what extent the same Minnesota and Pacific
Road will make Treasures in the trowsers
OF the members of the present session ofthe
Legislature, in order to get their Plumber
Bill through, we cannot tell but in two or
three years, we expect wave of public in
dignation at their corruption will sweep out
the present managers, and new officers will
make us similar exposition to that Just pub
lished by the present management of the
Milwaukee and La Crosse Road. There is
in the following table, fearful exhibit ofthe
funds, to the amount of $3O5O,OOO! which
have been stolen or expended for corruption
during the former management of that Road.
Let the members of our Legislature, who are
honest, read this table, and reflect, that our
Railroads are partially controlled by the
same men, and entirely controlled by men Of
like kidney; and that all precedent as well as
philosophy shows, that like causes are very
apt to produce like effects. But here is the
table, which is the same as before published,
with the correction of an unwilling typo
graphical error of single letter:
SIN referring to the that have produced the
embarrassments Of the Company cannot be disguised
that the Land Grant ITSELF eagerly sought has by the
expenses Of the contest for its contributed
very largely to the result OF the liabilities incurred
the following may be traced directly this source:
l. Construction Bonds of 1869, issued for char
@ CONSTRUCTION Bonds Of 1857, issued for the
purchase of the st. Croix and Lake Supe-
rior Railroad Company. .............. 100000
3. Stock issued for charter expenses at Mad
ison. ........................ ...... 10000
4. Consolidation Bonds issued for stock In
the ". and W. RaHrOad Company,
ana for "seruice" in and about the Con-
,.solidation.: ,..:..:.................. $4,000
5. Notes issued by b. Kilbourn, President to
the Madison and Watertown Railroad. 10000
o. Capitol Stock sold in New York in 1856, to
6Oa75 per cent to pay the debts Of the
WATERFOWL Railroad Company......,.... 100000
The expenses Of the contest for possession of
the Land Grant, it is declared have been
largely the cause why the bonds Of the Mil
waukee and La Crosse bonds are now only
worth 40 cents on the dollar in the New. York
markets! What world of fraud, bribery
and corruption, lies hid beneath this confess
sion!
But while we deem it important, on &C.
count of the past relations between this Wis
consin Company and ours of Minnesota, to
thus hold up this report as warning glass
for the gaze of Minnesotians, that we avoid
the blows which shattered the face Of the
La Crosse Company we are not confined in
our evidence to its pages alone. The follow
ing extract from letter received in St. Paul
on the 18th of Feb, from gentleman Of the
highest standing, position and character in
Wisconsin, lets in little more eight" upon
the disposition ofthe 100000 dollars of bonds
loaned by the Milwaukee and La Crosse Com
pany to our Minnesota and Pacific Road, for
uses at the Extra Session of the Minnesota
Legislature last spring! The letter is dated
t....... .,-... MILWAUKEE, Feb. II, 1855.
''DEAR SIR The old crew that infested
the La Crosse r. r. and dsgraced and are near
Iy entirely expelled from the Board and in short time
will be entirely The probabilities are, that all of
them will be driven out within the next thirty days. and
this too through the sheer force of healthy public opin-
ion. Our state Legislature is engaged in ferreng
the brberes and rascaliies that worthless con-
cern and the prospect is that developements will
be made that will asound the State and the country at
large.
4" The New Board are believed to be gentlemen worthy
of confidence generally speaking but they have moth
ing to do with your grants They believe are in the
hands mainly of the members of the old La Crosse Board
and their friends.
.
sources that when the New Board into possession
of the Books and effects of the Road that they found
one JACKSON HADLEY charged with between &4OO,.
0O0 and 900 Bonds which he refused to account for
any further, than dtthey had been used at Washing
tom and ST. PAUL for purposes sohic, if he acre to
disclose, acOald crin,indte himself!
"Abom $2OO,OOO, lam informed by one Of the meao
Directors, is the claimed to hare been used for
corrapting purposes en- Minnesota last summer or
spring.
" If your State will force the expulsion from your
Railroad Companies Of jenkins, Hadley, the -, Jas
Luddington and Kbourne, and put in their places men
who have reputation for INTEGRITY and probiy of char
acter, will take important step probably towards
commencing and completing its several lines of Rail-
roads, Our City and State bear wnes to the evils
they bring upon any public enterprise with which they
may be connected"
The above letter confirms the impress
sion, generally entertained by lookers-on du-
ring the Extra Session of our Legislature last
spring, that Mr.. JACKSON HADLEY, whose
room at the Fuller House on that occasion
was so constantly frequented by the members
of the Legislature, was not here for nothing |!
In fact, all familiar with the Fuller House
about that time, will recollect what Rail-
road Sun Mr.. HADTEY was, and how around
him as the centre CT the system of corrup-
ton revolved all the lesser luminaries, who,
like it is in the planetary system above. wish