The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-07

,ns President of tho eslena for tho violation Of
his agreement, and his selection Oh w.
for his bridge which is the terminus " !"
road Whatever the secret fthe change be, the
20 that the agreement Of 1860 be not fairly carrie out
and The bridge bull. at Clinton, the TIA w" e>y
lose The busr ess Of the Nerrasks roadde ned be
srea. feeder some daybat will have 70 esmpete with
now rival running from Clinton 70 the Bufnngon road
II Is bsh time that the Gall "a ssecRhcasers ooked into
the matter This reckless building u competing lnes
10 further private inte has been the ruin OF half
the Western roads; Is there no: enough among
the Galena people TO prevent the construction Of
rival by insisting on the construction Of the bridge the
point originally selecteds
stakeholder in the La Crosse Railroad sends com
muncatioD. for which have not space With regard to
the pending controversy, he says
], as stakeholder, have watched the course OF Mr.
Cleveland from the commence nent OF the difficulties the
this Cleveland made contract with the In Crosse Com
paoy for the performance OF certain spechc work,
uac, and he was dismissed from the company service.
He then, in 1857, in LIE midst Of the terrible financial
difficulties which fell upon the company at that tme c,m-
renced suit, and obtained Judgment against the com
papy for damages amounting TO about $3.50 0Ocand i'm
nedately advertised thu road for sale under that udg
ment Tie present company have contested that caiai
| from the conmescement Of their maaas cement, and
have so far succeeded TO have carried 70 Snpe-
ror Court, with fair prospect Of its being get aside
L
| has had advertised for some time has boen,
| through the influence Of the conpany's agents al
Milwaukee, postpol ed from time TO tme until now IL is
TO be sole Saturday. the seventh day of this
month. Of course, matter now stands, no sale can
take place. His claim Is in great Jeopardy u say the
lest And only hope he have for securing this
large IN obtaining the proxies Of majority OF the
stock place his friends In the management, who may Of
course Immediately abandon withdraw the appeal and
permit The com any property 10 be sold In accordance
with bis advertisement. do not say that such will BE-
the result but is at least fair to judge thus from the
evidence before hs conversed with number of
the directors, and assured by them that they
have no desire whatever for q re- election. only
mains then for the stockholders that person
obtains proxies to vote at the coming election,
those Who directly interested the stock and such
amount will bring bear energy in the effort
to recover the companys credit ], for one, viii not
place my proxy in tue hands Of whose interest
so positively the opposite Ct my Certainly
who has advertised the road for SALE has
eLdtavored 10 accomplish that object Is not the person
| to be entrusted with the company's affairs.
At the annual election OF the American Bank Note Com
papy held the 4h inst the following gentlemen
elected trustees for the ensuing year. vzChares Tap
PAM Samuel H. Carpenter, Moseley Danforh j. Dorsey
Bald, William II. Whiting Neziah Wright, De Witt c. Hay
George W. Hatch, Charles Welsh At subsequent meet
ing Of the trustees Charles Tappan unanimously elect
cd President; Moseley Daurotth, Vice Presidents j..
Dorsey Bald, Secretary pro tenn, and Frederick E. Bliss
| Clerk.
The cahawba, arrived yesterday from New Orleans hal
| sI75 SGT In specie on board. :"
The cash assets and liabilities of the New Orleans banks
1