New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-11-22
finantial.
THE LAND-G RANT BOND 5
ard tho
LITIGATION OF THE LA CROSSE.
AND
MILWAUKEE RAILROAD.

Tho j. al opinion pubaed day two since The ilii
CATION going In TIA. road has ompted 10 pus ossthr
tho Of my owa inve s,ions msie dur.as reosn,
visit to MawLukoe undertaken cIprsssy f5r myself
how my interests were likely 10 be aasecd BY The rar.
iion in January q ,as sale which tooA place IN October let
The complicated sai. In which tie an Of the Road lave
been long involved, little understood by the EsDey q
Bondhodcr had Tor loas time CAUSED to ofnslu though
heholeT o. conslesbls Of Land Gni Bonis IN
active tpoctor ofhe legal battle trusting that when TIE noss
ofhs should have cleared away and decision reached
fhoul rcsro something for my Inve.tasut wllh these
feeling he'd ny lot with certain pare. sssoeiaoi 70
gehsr carry Dat Ia termed tho Cowdfsy plan" sHi
selyirg The received from tine t. tue that
every ching rfog'eins fsvoIby ard rgdy could
10 expected in view Of the dsrnned csa-nss made by
very sou, psie, opposing the plan, had remained
passive, awaiting tie .ucsessiuI elimination assured
was 40 near a. hand namely snd pee ssion q the
properly.
Congrstnating myself iha; the TANGLED ,isn Of litigation
lers be wound up tia, to be i q
Receiver who has seemed determined matter how large
the esling, spend al be receives, ant Who TO
imsgn, HE whole duty consist in preventing ioelo,ug
Bondholdes from receiving any Of their interest in short
that order about to ahe Tie soc Of heard with
much ,sscton that the property had been sold and pos
session would be had ia January In these pleasing autcpa
uons 1. seems likely to be again disappointed Having
my fears aroused determined to make thorough iavv.za
ton fo myself o. tie scheme proposed to be carried out by
those having IN charge tho deis o. the Cowdsy plan
well Is the e1sc Of the obstacles inerposed by those
resisting II tho resu, OF these iuvosaton' 'aosag The
erad legal pa,ifion Of the LandCrans BosdAolder' will
tgy end plainly. have examined ii with fingle
eye to eieiins the truth iot who doubt myttemen; or
conclusion, y,,esios the facts borousy have done
in those quarters where they be found II hey bring
to the investigation cand ID unbiased mind viii inevitably
conc 10 the conclusion forced upon me viz Tef he Land
Grant, are reo,u hs ead Of litigation than oaen l.cy
Jcoan the JoreoOsw 81 ter Mortgage and Hafa- eolG,-
uotln oCne Sa!s I, ite'y 10 hare repf %
paoc The Wcfera Ur.ion ! me la Cro'r Rae onf 81 Mcy
hands 10, hs pric, at rAio. solG mandy $4,000.
In saying this beg 10 be distinctly undeItood making
charge aainst tho integrity ir dealing Of those who
have attempted cary hrosh the PFC sTse off.e aud
organization DO not doubt thel 10 the whole plan thoe
interest. and IN making my investigations TUNED
deaf ear to the rpresent4on Of a,g parties 10
Milwaukee, who It seemed TO noie anxious to a.
per,e the motives and character their opponents than
becoming in discussing simple DusneH. question Hay
ing aid thus much viii plain under fsw disnsi head
irg, the portion when have uscerAnod he land giant
bondl oljers now stand in
The COWDBAY PLAN or REORGANIZATION
As understand this plan, present existing it coniem'
49,. IL tt. I'm f.r. 81
Crosse noad-that the lo5 mites of road commencing at
La Crosse and ending At PoTsse The road known
the Milwaukee and Wester-,o cee, which junction read
Of 80 miles ia length has to be built from Columbus tthe
point where the Milwaukee end WesteTn terminated
TO Portage these - mile. being built continuous read will
be had to the junction Of the Miw aukee and Western with
the Mly aak.e and Prairie du Chicn a miles from Mwen
Ace these last "a miles understand l. also tho intention
TO build thst then continuous independent uc viii be
POSSESSED by The Company from La Crosse 10 Mwsu
II uncefod that thu LsndGart bsndAoler have edoped
this consolidation Of their road with toe Milwaukee and
Western Consequence Of the inpossibi.y oil getting
sale Of he Eastea Division Of tie La Crosse aud The pres