The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-18


following notice.
The farm mortgage stockholders in the La Crosse aud
Milwaukee Railroad Company are hereby notified that nve
hundred and fifty thousand dollars (s55oooo Of third
mortgage bonds Of the said company have been assigne
to me- in trust for the purpose OF exchanging them with
the farm mortgage stockholders for their original contract
bond held against the company TO pay interest," No.,
and for the surrender Of their certificates for STOCK at the
rate OF fifty per cent
A convention of citizens Of Allegheny county, Penn
sylvapia favor of repudang the city of Pttsburg aud
county bonds given in payment for railroad subscp-
TONS held at Pttsburg Tuesday, each ward and
township being represented by from four to six dele
gates The following shameful resolutions were adopt
d.
Resolved That while we wish at ali times to treat with
respect and Difference the judgments of the courts yet
there occasions when resistance the decree Of the
courts the right and duty Of the citizens and necessary
for the security of property that the recent decision Of
the Supreme Court in the mandamus case will resist
by every constitutional means, and every possible
device peaceaby TO hinder delay and nulfy tho decree,
because violates law insults the people by suffering the
naked assertions Of opposing counsel to override the sworn
statements OF our agents. decides mere technical
grounds of the most momentous questions that
arose in American Jurisprudence, and denies the people
hearing although their agents, under OATH have pleaded
certain facts which constitute valid defence and because
II is dangerous to attempt TO substitute for law the ndvi
dual opinions of Judges and for the establishment Of
most dangerous precedent
Resolved That we are opposed to any tax to pay the
principal or interest Oh the municipal bonds given in pay
en Of railroad subscriptions and deny the power of the
ture to authorize them TO do They obtained by
fraudulent representations and corrupt means without
the consent Of large majority Of the people, The bonds
were sold al a ruIous discount in violation Of law and
the conditions upon which they issued The money
was squandered in extravaganza and corruption leaving
the companies nsolvent the roads unfinished Topay
the whole amount would bankrupt the municipal corpo-
ratons, cripple energies, strike death blow at
prosperity and ruin property holders The bondhoders
have no claim in conscience upon u.s. for many Of them
were parties 10 these frauds
Annexed is extract from the London Times of ia.
nuary 26:-
The survey Of the Atlantic and Great Western line,
which is intended to complete and unbroken broad
gauge route from New York to St. Louis by the construc
ton Of link Of S7S miles between the New York and Erie
and the Western roads, has been completed by Mr. Ken
nard, of London, and very favorably reported upon
There two other routes TO the West both of which
pay largely although they have disadvantages Of eeva
ton and interruption Of gauge from which the line
will be Free The opposition to its construction has there
fore been but the statements brought against do
not appear 10 have been borne out
The whole public debt of Tennessee by the late return
was about as follows
Old debt for banking State House, &C. "a OH 0O0
Loans to railroads, (he regular bonds). 49,. 100000
Endorsements for railroads g, $50 GOO
Iotal. ........... SLIGO 900