The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-14
the 7th inst, were as follows,
rOtal sl2 452 Cea 10 $50 ,ooS LES ss9 rs. oa72

Total. .$12 452 GOA 10 $50 0U5 1856 3s9 Is 272
The Committee of Directors of the La Crosse and
Milwaukee Railroad having addressed one of their
circulars to Mr.. S. W. Barnes requesting him to re-
turn the corruption bonds he was said to have re-
ceived that gentleman replies as follows to the Chair
man, having evidently not heard of the success of
the Atlantic telegraph -
Your letter. dated the l2.h and maled the nth
is just received, and 10 compliance with yolr wishes
II s OF much graidcX.iou to me- and presume
viii be TO others to learn that "a committee
appointed by the Board Of Directors OF the la Crosse
Ml~aukie Railroad Company for the purpose OF settling
up lie financial affairs certainly hope they win
cessful In accomplishing desirable end MANAGE
meut hs. get rich where Wisconsin directors would
stSrvea cement that increase the liabilities of
eight montns and who capable OF disposng OF two
millions OF convertible bondsn ten per cent and p
the same ID TIER Own pockets, can accomplish amostany
hrg II IA assurediy no iipg undertaking. but however
srduous may be- the credh committee will deserve
and the thsnks they will receive from all ossses tue
community, from tbe farmer who mortgaged ns farm
down 70 the officers who enrchng then selves from
the "sieslpss," viii be fully connersurate Win Their
lsbors.
II re,ted ofthe fabled He rcuIes who lived and ,u-
shed II ancient times TIA, he sccJnrssed grea. work
N cleaning the argean s,aeos The task te.irg zoe
affair o. TIE Ia Crosse and Milwaukee railroad nag be-
and undoubtedly rs. greater one; by l'vson OF IN
bor among your committee be c)priersbly re
ducet n render pCssibe that Trey viii succeed ana
VIII ASSIST hem in doDg so rs specify may be, by
Forwarding, at my earliest convenience unsettled Dc.
mand against the company, upon which anything how.
ever uif az, will be thankfully received.
You also say that a recipient while senator OF
bonds kno "Corrup,i0n Bords" II true that, while
senator Gid receive not only bonds but stock a5d cur
rency from the Ia Crosse company In consideration OF
services Of an ofcal character ether than member OF
the Legislature. The bonds / received were however
known IA Construction Bonds" rhoy may have been
corruption Bcnds but " they we're II was on log 10 tho
source IRON vhchtboy emanaied the masser Ia which
they were issued or may be that thay hsvo been cor
ruted ~ The sub1cqnert action Of thcse who prossei
10 deal honestly In Issuing them ~ that as may the
consideration received for efvicss hoaesuy rem
dered.
Your statement that viii !" perceive the Importance
and the pece,sfy OF returning thoso boaas 10 the Com
pany" incorrect On the contrry j DO rot see the
Importance and necessity OF dong So at ear to me- aud
conceive tha, II matter Of htt irnpo7 ance 70 com
rsny that having failed to fulfil any Of IL Obligations in
relation 10 the land grant will undoubtedly fan 10 pay
the bonds issued 70 obtain Il.
The bonds received disposed NJ about one half
their par value as tue stock n you are really de
srous OF procuring Of the bonds think can obtain
considerable number for about tenth OF The amount
pro rot1 that received for nine will also pck no what
sock there ls In this section and forward 10 you on re
ceipt Of sufficient stamps 70 pay postage
really cannot imagine OF what The hads can be IN
airy one unless might be for banking bas. in some of
The ewtern states for even here IN Wisconsin ~here the
honest men OF Wall street pronounce everytf pg gorh
eys they are of less value than Schuyler bonos or Allan
NC hiegfsph AocL ". BARNES