, 1859-06-10

An AdAresa to the Public By Nspro&nab
:. ~, Cleveland. e.

Railroad, has issued in the Milwaukee Dat7v
Wisconsin,, ad address to tbs stockholders in
which be takes an exhibit Of the atfairs Of the
Company. He says that the increase Of tho
debt Of the Company in 1858 was Sl1.5es, 10l,
and in 1889, S6,30l ,945-total debt Sl7,870..
0+Gt He continues:
Bad as this showing is-aad the condition Of
represented 10 be in the reports-1 ain Of the
opinion that something may jet be sayed to the
stockholders, II what there Is left Of the inso!-
vent skeleton, is properly husbanded, and some
. Of the pretended, hut fraudulent liabilities cut
of. From the light now before me shall nd
wise the Company to contest and hnre set aside:
lst. The two millions Of third mortgage bonds
under which the foreclosure has taken pluce,
and which hare already charged in bill in
chancery as being fraudulently issued. md for
which have reason for beliering the Company
has never realized fire cents on the dolar
I'd. The one million Of bonds issued to bribe
public officers and lobby men, known IS Co7up-
tion Bonds.
I'd. The one million Of bonds Of like charac.
ter of the ADORE, and issued for like purposes,
known Us the B1yyfoU Runds
4th. The one million Of bonds called the Sc
ond Mortgage Bonds, on the Eastern Division Of
the, road.
5th. The second issue of Land Grant Bonds
amounting to E., 500 900.
9Th. The issue Of $ss5,ooo On the Second
I'll. The Judgment Of selah Chamberlain
amounting to over s7oo, 900, and his Lease, which
is damage to the interests Of the stockholders
still more than the amount Of the Judgment.
sth, And the prosecution aud setting aside Of
all other fraudulent or dishonest liabilities,
which shall discover on getting the books and
papers Of the Company in my possession.
T,, 4]o co,,raa nf Tim iddroao H. Ct,r,o1ora
walks into certain gentlemen Of Milwaukee in
in direct appeal to tie citizens Of that place,
thus:
In twenty-two years your city has grown till
it is said to be one of about 10000 inhabitants.
It has three railroads running from it into the
interior. and two Of them to tie western limits
Of the State: In aid Of these roads it has in
volred itself to the large amount Of about one
half million Of dollars. These three roads
hare been built md put in operation BY Milwau-
kee men, and controlled BY Milwaukee int1uen-
ces. They should hare been built, equipped
and put ID good running order for about SIS
900 per mile. They cost from $35, 900 to 390, 900
per mile. Where has this immense margin gone:
IFAo has got it.?
About $4,000, or one.half the inhabitants Of
| Milwaukee are industrious, frugal, debtpaying
Germans. With one or two ignoble exceptions,
none Of this large class Of your fellow citizens,
/ u2TE QEGU lH1HiCAkEN III tHp IAllUAu nISm4Q-
| agencut and frauds which hare SO deeply injur~
| ed the reputation Of your city. Of the other
half of your inhabitants, full 10000 arc repre-
sented to be foreign born citizens Of Irish, Eng
| lish, French. Swiss aud Norwegian Origin. 70
their credit be it spoken, with but one excep-
| tiou, none Of them are named as being RESPONSE
BILE for the results fyour ruinous railroad poll
cy. The remaining two sixths, or q, 900 inhab~
itants, is said to be about the number Of Ameri.
cans in the city. Of these, the laborers, me-
chanics, manufacturers and merchants, have
had but little to do With railroads, except to vote
| loans to them and pay taxes to keep down the
| interest on the securities loaned
These several classes comprise. with less than
fifty exceptions, ali the natiye,born American
inhabitants Of this city.
It is to the mis.managemcnt and indis~
cretion Of these less than fifty per-
who figure most conspicuously around your
fashionable resorts, md in your public enter
priscs, that yon ure indebted for tile abuse of
trust funds and the bad credit in which your cty
and ITS railroads have fallen. They IRE found
around your Hanks, Insurance Companies, Law
are devised to draw money, in the easiest
manner possible. from the hand Of productive
industry.
They aspire to be your "lcadinc citizens"
and under their lend, ] think you will admit,
you karo been led into serious difficulties.
They lave their chickering's and quarrcls among
| themselves, but when great scheme offers like
the land grants, or the third mortgage fore
closure. or the consolidation ot all your princi-
/ pal roads to be run and governed by themselves,
| they are unit and work haruloniously to
! gcther. Their ''style' il to buy when thcJ
through; and hribjng vour public officers, they
| roseately describe as ''proritiating them with
| pccuniary compliments" The G,n0o farmers
who have impcri1!cd their hon:esteads in Rail.
| roails nneler these mems control, and the non.
| resident capitalists who hare loaned or invest,
| ed o,er. ten millions Of dollars In yonr roads
have Had enough CT their management, md
would like to see something. in return that bears
tile color Of ;thcir money. Would not your tax
PAYERS also like to be relieved from being annu
ally taxed to.ray the interest upon, md by ami
by the principal o.. tho city bonds which hare
been entrnsted'to these men to aid 1he public
works Under their cuntrol Arc not tic re
quircu,ents Of the farm mortgage, aud the non
, | resident cash stockholders to realize something
| from, tile large amounts they have riskcd, both
! just nna reasonable?
There is NOT j railroad leading ont of this cit,
which ought not to pay ricl dividend upnu it:
honest and legitimate cost -Bnt they all pa,
nothing, or next to nothing, TO the stockholders
Nhyy Because the entire amount Of the ncccs
sary capital to construct and equip them, ha
} been stolen or squandcred BY the managers VIII
| lnd tlrm in charge. In the case OF rths Com
/
sarr to construct and equip the road has beer
sunk tu the stockholders. 10 those Of you wl,
hare witnessed the Sudden manner in :whcl
vast fortunes have been acquired by. those VIII
, :l;hnyc figured prominently in your railroads
,whilc tile roads themselves hare been strickc1
! with bankruptcy-I presume it will be no mys
81 tterv why past transactions are desired to b.
| buried in third mortgage foreclosures. Rctri
button and restitution are sometimes unpleasan
visitors.
: Mr. Cleyclands election has given rise +
litigation for the possession Of the road. whic
: bids fir to he endless
< The Late Fire Mt Oshkosh.
Z The Oshkosh fse, By which that city vas a
most entirely destroyed. is thus accounted fo
BY correspondent Of the NIedukte Sentinel.
PoraAx Cl7r, June ], ls5g.-Whilet ethe reccn
5 grent fire vas raging at Oshkosh, q scene Of
, different nature was being enacted IN anothc
part Of the city. 4 young and rather pretty gil
: Of about u years Of age, By the name Of Trac
), BIZ. residing with her married sister. Mr.
1 Thompson, but then temporarily stopping. wit
street when on her way to her sisters, By apro.
tituted sister, who calls herself 3lrs Chesternsr
\ and her paramour, who had accompanied hel
# They told the girl she must 60 With them at
:. to Chicago. The foolish girl, being not unwi
i ling, started with them; but they had not pr
|
it Thompson, who, knowing what life Of sham
she was destined to lead il her wicked sister gu
cecdcd in getting hear away, attempted to brin
q her back. At this crisis, tho woman Cheste
:. mau rushed upon him with drawn dagge
=. swearing she would take his Life ifhe interfere
), viii, her plans.
d Thompson then went to seek assistance. whit
E. the girl was Immediately hurried By the n
= mans pimp to the Washington House, whel
they secrcted themselqcs until q man was e
'c gagged for the SUI, Of *lo0 to take the par
&c ncross the country to Ripon. Before Office
L. could be obtained from the scene of the fire
n arrest the parties they were out Of reach, at
- before morning on the cars en- route for Chicag
ef An attempt was made some weeks before
st this woman, Chesterman, to steal away for pro
10 titution this young sister, and as the Office
=. were in search Of her (Chcsterman), she and h.
y friend procured hand-car and at midnight r,
IS up to Fond du Lac, thence By private eonve,
III ance across the country to Sheboygan, tht
:; GLIDING the officers. Being thus foiled in h
:. pians, Mrs. Chesterman, on leaving 0shkos
~ swore she would lar the city in ashes, aud upt
~ =. her next visit the fire occurred during the CO
- fusion Of which she WAS successful in her hel
plot.
at The New French Loan.
:. None of the financial events connected nj
N the present war in Europe have attracted
H. much attention as the recent subscription to Il
~ ~ ioan obtained by the French government. II
"a government having asked for a loan Of five hu
- drcd million francs. the result Of ten davs su
. scripiion was an offer Of twenty-three hundr,
millions. The wonderful readiness with viii,