New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-11-22

every ono 1t Ar vo'sby a. In view OF the impo'siohi'y
was supposed OF settlement with the parties con'rons
the filtration the Eastern Division no other recourse
...m.a Isf than to consolidate with the Milwaukee and
Western in order obtain outlet to Lake Michigan with
the great additional advantage Of giving by this connection
closer arrangement with Chicago with the great riirose
interest Of which city understood we could oveDtuay
neeotiaie the transfer OF our road.
The sum total at which the consolidation Is to stand need
no, be here touched upon is not in the present view Of
the matter Of any Importance my facts correct On
one point only Of the financial part Of the scheme have
few words ssy refer to the allowance made 70 seiah
Chamberlain OF half million 10 liquidation of claim on &C
count OF which find the United States Court had
decided more than years sgo tobe audusen from when
decision Chamberlain informed sppeald TO the gu
preme Court and having purchased the claim which the
decision sgans. him had been made actually appeared
tho appslas Court oenrg bo 'dsi Of the eo'e The clever
cL nv which he thu. expected to the decision
nouucinc his claim . fraud exposed BY motion
made By parties interested IN the Eastern Division
and the appeal dismissed. thus leaving the DO
cision In the lower court unreverssd All those facts
found were quite well understood In Milwaukee end that
survey by engineers Of the work on which his large claim
was founded had been lately made resulting Ia proofs OF the
utter OF the vho, Judgment aud fully ortiy
Ing the Justice Of the decision declaring II fraud Not havns
been aware Of these facts myself presume many other
boudhoder. are quite as ianorsnt but having
tanned them 70 be have stated them must say that
think this Chamberlain claim should have been more fny
investigated before making allowance Of hall amii'n
with such Ugly facts capable Of being ELECTED In regard 10 III
and cannot thi. Trustees have been greatly
.lel In h. matter and aborug under some e1tTioFd
nary Interpretation. which little moro exam lton might
have prevented have already s1d. however do not
intend ds,e upon the total my object to SEQ how
faI litigation likely be closed BY the proposed eonso-
dalon. and whether, in giving up all idea OF settle
meut with the Eastern Diy,ion VIC are not hktiy to
involved IN much pepeIns suits under the new
srsng, ont WAS not aware. when first Informed oil the
plan Of consolidation that any existed on To
Milwaukee and Western Rsroad and only ny late v';
10 Milwaukee did l. my extreme Disappointment, ascertain
the fact h' no, only il there action pending against the
road involving sniount Of 10000 bHi nai sui
ChGnc,,y Ia. orHdy been commenced IN rhh III vAeie
tile Of e pre.eri p'neoy'. he paThe' rh Tho~ "e 'oH
template eoaIolilaing IL attached! and that these suits had
been begun under tb, sdyce and after investigation
ofths facts by the Leading counsel in the NoE,hWe', man
u ocnowedgel great legal sbi,y aud by whom they are
being carried or.
Now OF The e. OF defes IN cancery suit
OF On the other large claim again, road T,opo,e to join
ihAl ssy nothing an 40 lawyer an simply PLAIN
business man. ,ndesvoe something OF. Of bad In
yesm.ni and therefore azlu. close tho its 'ion with
which have become unfortunately lUked 10! euunss my
self IN that another cooperation about which know moth
In. IL 10 that n called upon 10 eoa'ohdsi'
with smother road mako corporation, sae Doad IN
tie Of the corponiJu Aad Liz Up our present Sc
curcs bad slough hey be- with another concern we
entitled 10 claim from oopsrtne al least clean
record Thss clean record h,e .a,iheA my.e amer IA
uvess aiion the Milwaukee Western Railroad cannot
show a. present whatever may be able TO do some years
hence aeE these suits shall been decided Bot What
the result may be- /. Ell In the inoie Or less remote
future ana Ought not bs aiksG 70 er'iFs our 'e' IN
ne tit. u oAaaeery and large eid"' On ths'
road I prefer TO n plan cannot be devised TO
satisfy the ssn,s the Ees,on Division and Keep the
Original together This much the safer plan
for Ne ard believe those vino nvestiEate a. closely 80
have dous viii come 20 the saue ooucln'on.
THE FORECLOSURE AND SALE.
The road sold BY the o. s Ms'hs the - Of ooio
bsf AID bid Of co co. the lands having been pre-
vou.J bid Of r 600 ooAn Injunction. sued ous BY the
holder. Of The so.ssn Bosd' having been served upon
the Attorney, Of the TInsioss @ before the 'ao This In
junction .s.u.d fiou The Court and dlsssudsd
entirely or il force a. bearing upon have noting
o. y-s~ys. otter upon the point aud to them leave a.
T. cou,, sas. eli parties bearing hen the ruses' who
the road Tor .sssd lcf continuation Of tho sale
sad unlstsld number " point. made by tho,e op
r,tns a. MOS, 81 which seemed AR ~ understood
them extremely sfs nature othsrs however aroso 10
tie eoufss ohs aTEuen; q much move important Character
10 Which al sony hse not been able yet TO at
fron tho who h-ve charge
ers,s they foows Pint Ilnd that the ros being
.ruck % lor s-rocO be been sold price ct which
TO pl.es gaag the Es.tsra Division stand ready .
take aoig mn. 49, uli an..sy ,5F n' iscer
the c, be tho tlse parties fesds to ,ale It
rom ID, o. Judgment cf very considerable
amount no. n6o parties The foreclosure suit which gives
them The Ilsh 10 redeem the road At a coo COZ
A. lr.,. or hearing th, startling f,ct. though.
that Is vouI not amount to anything.
Certainly hss, tue sht psy The Judgment and thus rid
Of IN. peril Ia which placed On stating the
facts hoseveI 70 ~ legal aa,ser, sound and eminent law
yer found bat could e.. nom this danger BY
rsJlg the Judgment asd ha' ot, ogp9rsH" hs Eoe,H
Dron ocfraRy po,',u,d re ,ii4i 'siers hs rood 90
7O0 az rafA price ti,y dee'rns Mo, dsf0nnatoa
f1ke ITO ooa a. e oonEgnafis II ne ai, fiaI be dsar,d
igai do propose here to indulge Ia any useless
patton Q, sorDcs 30 Milwaukee have charge Of
The suit IN al hnavy suits Of foreclosure {: certainly be
extremely difficult tssk to certain every juds
m@n existing ss-ins. the property, and l 10 10,
doabi bu, tbs, chose gentlemen exercised o., due dbl
genes. all that have to IT, tia. Il Is simply very unortu
ns.e or "a borhodsr thu, such judgment shosli exist Ia
nu.ndy hands and ib the road should have beer struck on
u - low price ens the holders Of the judgment to
redeem &. 90 ,dvana seouy themselves Here ir'r
sounfaJs obfaes path hare soli property ~
price trhiA does Mt pvgoc and adeeTse Pyfy coE
e,.iag inch w a heia' rig Of redemption 40
prics rhch nc oiy TO harry 70 take a. II Is 10 vain
hat attempt 10 console ourselves by saying That we vii
contest N. rsh. Of redemption. know do this for
two three years choose ard lose 4, q. a', with the
costs 10 pay Tor ono hni no eouioiilon In this prospect
tnd doub, any other Bcr Ihoder does wanted n sale
under foreclosure termination to ltr.,iOus, ROT the
commencement OF anew see 10 last for Utilization
alone DO the o. our Decree In Chsncey siv
ne sale under iorcoalrs Of property, how in the
Of common .so! to emerge from our
bsusssmeItsl IN wlA, possible 10 TeoTgsnize
end put securities into saPe, 10 make them
tetei Cen We BY oiuisg Ourselves % The Milwaukee sni
fff. f