The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-03-06

milwaukee and La Crosse R&Eio&d C66p3ny I
under the new management: l
"The Board have taken stops to scdver !
the million Of bonds issued to the St. Croix
and Lake Superior Company and also tao |
hundred thousand dollars of bonds loaned to |
The Minnesota and Pacific Railroad Companv. |
WHICH NEVER REACHED THE TREASURY OF |
THAT CoxPANY." ~
40 Now,swha 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 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 q meaning significance in the
last clause of the sentence (which (bonds)
'ssver reached the Treasury of Mat Company"
Why they never reached the Treasury is
plain They found halfway % Treasury"
in the brooches 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 q wave of public in
dignation at their corruption will sweep out
the present managers, and now 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 of the
funds, to the amount of $3,O5O,O0O! 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 q single letter: .i
"In referring to the that have produced the
Of the Company cannot be disguised
that the Land Grant so eagerly sought has by the
expenses Of the contest for its contributed
very largely the result OF the liabilities incurred
the following may be traced directly to this source
1. Construction Bonds Of 1859, issued for char
consracton Bonds Of 1851, issued for the
| purchase of the st. Croix and Lake Supe-
rior Railroad Company. ............... 200
3. Stock issued for charter expenses At Mad
L. OoSsolidaion Bonds issued for siociin ''''''
the NJ and w. Rditr0ad Company,
So and for "service"i In and a0oat the Con-
s. Notes issued by B. Kilbourn' President, to '''
| the Madison and Watertown Railroad. 10000
g. cspitol Stock sold in New York in 1856, to .,.
| TO-" 6Oa75 percent to pay the debts Of the ''''
Watertown 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. Yorl
markets What a world of fraud, bribery
and corruption, lies bid beneath this comics.
sion
But while we deem it important, on &C
count Of the past relations between this Wis
consin Company and ours Of Minnesota, tt
thus hold up this report as a 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 ir
our evidence to its pages alone. The follow
ing extract from letter received in st. Pau
on the 18th of Feb, from gentleman of the
highest standing position and character il
Wisconsin, lets in little more Eight" upor
the disposition ofthe 100000 dollars of bond!
loaned by the Milwaukee and La Crosse Com
pany to our Minnesota and Pacific Road, fol
uses at the Extra Session of the Minnesota
Legislature last spring.! The letter is dated
It...... ....I ..,-..t... MhwAUKEr, Feb II, 1858.
| "DEAR SIR The old crew that infested
the La Crosse R. R. and dsgraced and sunk 1t,
ly entirely expelled from the Board, and in short tint
will be entirely The probabilities are, that all Of
them will be driven out within the next thirty days.
this through the sheer force Of healthy public opin
ion Our state Legislature is engaged in ferrenl
out the briberes and rascates of that worthless
Germ; and the prospect is that Developments will
be made that will astound the State and the country al
| large. $3.50 . .f... .E aid ..-.-.
"The New Board believed to be gentlemen worthy
of confidence, generally speaking but they have moth
ing do with your grants. They, believe, in the
mainly of the members Of the old La Crosse Board
and their friends. At.t.
81 am informed, from what conceive to be credible
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 $780,.
600 and Bonds which he refused to account
any further than that they had been used at Washing
tom and ST. PAUL for purposes sohich, yhe acre to
disclose, could crinaindte himself! d ..,... sd.
about 100000, lam informed by one Of the neu
Directors, is the claimed to haze been used 10,
corrapting purposes in Minnesota last summer on
spring. ,. .....,-., ... q.
If your State will force the expulsion from your
Luddington and Kbourne, and put in their places
reputation for integrity and probiy of char
acter, it will take important step probably towards
commencing and completing its several lines of Rail
roads, Our City and State bear witnes to the evils
they bring upon any public enterprise With which they
I. may be connected"
j The above letter confirms the impress.
sion, generally entertained by lookers-on du
i 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
1 oF tho TaO;c1ofuro xroc rof bo,o e..