New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-07-30

interests are no longer hostile to each other ,nd
uiou sne roAd rom feoiiA west fair and remune,vs
See eh DC charged Tor whatever busness there NAV
he TO Oe transacted over that road The pranertv and
we isasehod interest Of these gentlemen In The ro.d
have been placed ia the hands OF Trustee for tho 80
'"dr,y ana safety OF 6oh par'ies to the contract
iLelf interest in the road aises from cont s,cc.
contract 10 build thiry-six miles of road from Cha
oonrg. east toward Peoria aud equip the road from
Ieofa Scst LOT business, uacer which contract tlev
mold tie road from Peoria Burlington subject 10 ~,
Tase 70 tins Company, until their debt is fully paid
tbn que them 90 tbeir contract, stated By
ne'ul 10 aDout si,100OD, while IL il Il lined tv tho
re 'r'a q Oquawka Railroad Company tbet tlere a.
Ho , more than Sl,oO00iU justly due them
-, i"e1r account, however, as well az that Of
lbls company, are now the sabect. az ;nves,;oa
tlon IN the Circuit Court OF the Tinted s,.,a.91s
Chicago IN suit there pending to forecoe the second
mortgage, between the trustees thereof ON tho os.
side, aud the Peoria Il 0quawka Railroad Co.
pahy MOSS Harding q Co.. and this Conn suy, a. H.
cnihpfahses upon Inc property m0rtgaotd on ths
other. These investigations are now 6r,yyio,, 10
closc, and Il viii coon be asccrtained iudclI WIZ,
!. the amount due each party, well as tie aoi.nt ~
the whole OF these membranes OF Gll kinds uuon
the road from Peoria 10 Burlington. The ii lbt, a.
all parties having been duly asceraiued, il will Ls.
come easy matter for those interested to de.eruo.
tic poll y which they viii adopt. Il i to be ho,.d
that the Peoria Oquawka Company NAV be abls
and willing to redeem the mortgaged property though
the amount Of mOuey due upon and secured by IT, Der
haps hardly justifes the hope; that amount being.
probably much more than the value of the road ia ay
aspect III which may be considered. IL IL unque.-
tonaby for the Interest OF all parties that their re-
speciye rights should be ealy settled, and it Is now
believed that they viii be passed upon by the Codt
10 defiant day.
In pursuance Of the agreement made with Mos
Harding & Co.. this Company has advanced to them
considerable amount OF money, for the repay meD
safety Of which their claim upon road In tie naBd,
Of trustee as above stated, stands security; a,d
while it is believed That this Company is perfectly sac
it has by the arrangement ended hostile conn eioa,
perhaps equally destructive TO all interests, aad ~ 10
the expediency Of which, thOc having the nanage.
ment OF the companies AFFAIR." had 10 doubt.
Tic Northern Gross matters arc thus alluded to:
An agreement was entered into on the ith day d
June, 1860, between this Company, by their duly
authorized agent, Hon. Charles II. Warreu and
large majority Of the first and second mortgage bond
holders OF the Northern Cross NOW Qui1cy and
Chicago Railroad Company, by which the difficult e.
growing out OF the original contract and agreement
with that Company, have been settled.
Tho agreement referred TO, provides that this Com
pauy shall purchase the bonds Of the fir mortgage
lOadholdcrs parties thereto, by an exchange OF lie
amount OF tao mortgage bonds OF tie Company, cub
iect 10 tine pu0r incum51uce, hlviJg Lity years 10
run With interest pGyajlu semi annually, at the rata
of four and onehalf per cenium per annuu for the t
fifteen years and four ger Ceutun PEI annum 0r the
last fifteen years. As0 that they shall purchase the
bonds Of the ond cage bOndhOlJe's. parties TO
said agreement, by an exchange of thu sciip OF the
Company, payable IN equal seni-lnnu8l pay menIs
extending over sixteen ycare, without iatercst All
the past due unpaid coupons OF both classes Of bOnd
are Included In the purchase Of the bords aud our Owl
bonds and scrip issued in exchange, are only for al
amount equal the principal u the bonds pure acd
There were 81 800 coo Of first mortgage bones i.s Ie
by that Company; SSl3,000 OF these have teen eI.
cha ged for lIke amount Ct atoye-named mortgage
bonds issued by this Company.
Tnere were ssh 600 ofthe second mortgage bonds Of
tdiua IA ie m <iSl inN ONned
Nv this Company at the tine tie agreement was enter
g into S692 900 Of which have ben exchanged 10! q
like mount of scip.
In making arrangements for the speedy foreclosao
OF one or both OF the mort CAGES IL has been fOInd eK
pcdlcnt for ths Company to Ray and assume the 3D.
vauces made by the Trustees in payment OF in'ees %
the bonds OF that Company, and TOE services aud eI
ren.es Of the fru.tecs, mounilg 20 abOu. Il 30
"a, which will he fret lien upon tie income Of TIE
! road. Also to assume aud pay the Gm unt advanced
nv thapl for DepOt grounds and buildings for tls
fofnpanv. amouiting 10 about -ol,5f ~, rents i2
which are a iIst charge on the Income OF tie road
By tic agreement made with the Trustees i.e Bone
bciiers who have not become paItics TO ia agis,
mont for the exchange 81 their bouds under the as
nent Of June 4, before Ueuti)ntd, have De "a VI
do -os.ny time UIeyious to the lie. o. jay, r'',
The income account If the ROAD IA us go.
Tie Ciiaso Burlington and Qfn,y Railroad Co1Pesg 80
cjuRt kin il'3Me A'coJnt
1860 BsRIr.
Ma. balance 70 cr'iit o. lA--l-t ctli-'i
yCr report Oi.....................'..' 'S'I'ss
1901.
Ana 80 For balance q credit Of To- and Exchange
acct, iocludine dist on Bolts s3ld.... ''A v
Eauiues from the trans. q
II. Tor IL months..........& ,lll,Jlf -
Earnings f0m tho trans. OF
Passengers fer II mouths Us 800 10
Iarnir g ftom the trTns. OF
msilz nd mis- foE I? mgs.. 39lig sl--i aSsSs
1861: CahnlI. ,-,-
Rent I'd l-r DEB u e! Cli,1go 1900 On
TsAes paid Tor lGa'...'.'.. y 40 %
Treusl Office eSpel<c s.,'' 90 90
Interest bonds o. tcnF 3 1851 -
Dividend of Oct. g. 1905. :. 2E,5lJ o.
Impmt uf5gfs, cglyegis
and cattle -uafds.....,.... 2J,S-'2j
not and Ero11ds'......... 1906 |
Joif. ;ltn.f Frci 1t House J,l &
l0uer neigh. ct-s.......... ztt;i ~
New stcla pile driycfs,.,.. 80 ~
New track scale. .......... ~ - - Il
Neg bpiidiuss ard EIiules. l7,9zl Oj-l 80 &c u
Bal,-ce .....,,....... 800 - 81
AMOS H. HALL, lfvsusc Il
or tie above balance to credit OF Income Ae1oasI