The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-25

I .-- "
Total. SIS, ,lb ~ ~, ~
Excess In 1854 AA,sS0sv
The whole number Of national banks created during
the past week seven which represent an anthorsed
S s,nans q previously authorized SOD Is Oi
| The whole number OF national banks now lo.3
! authorized is 1867 with an aggregate 40. -.
Amount Of circulation issued to the national
| banks for the week ending Sept 23....... STS So0
Previously issued. ieSAV
| Total. $1s6 es1, 720
The Adams National Bank, Of North Adams, Massa-
chusetts the only additional depository Of public
moneys designated by the Secretary Of the Treasury
during the present week. p NN'
The following communication in relation TO the Chlca
go and Northwestern Railroad Company Will be interest
| ng to the stockholders
| To THE EDITOR or THE HERALD:- sAh
The delay in the publication OF President Ogden
annual report Of the Chicago and Northwestern Rail-
road the newly elected President of the Chicago and
publish the report OF his predecessor until the controlling
power of the Chicago and Northwestern is ready to
spond to the trust conferred upon him by the sharehod
Of the company have caused many inquiries as to the
connection between the two corporations and propose
to give general reply through your valuable columns.
| The Chicago and Milwaukee Railroad Company was
some two years since consolidated with the Milwaukee
and Chicago Railroad Company making continuous
Of eighty five miles-under the name and style OF the
Chicago and Milwaukee Railroad Company, the new cor
poraton binding itself TO all the bonded debt and
stock Of both companies. fs - ,edD
Total amount of bonds. 81, zoe, 900
The old company had always paid the interest war
rants promptly but for reason Of the want of connect
ing link at Milwaukee with the several Western roads the
Chicago and Northwestern Railroad Company was
enabled to successfully compete with the road for all
business north Of Milwaukee. itege D. ty1Z4 cni;d
through the influence Of the President elect Aexan-
der MITCHELL ESQ.,, succeeded in overcoming the prejue
dices Of the citizens Of Milwaukee 70 the running Of the
Common Council to make close connection with the
Milwaukee and St. Paul Company, in which he was
largely interested and TO form joint depot In the heart
Of the city, at expense OF hundred thousand
dollars ard under contract the expense paid by the
St. Paul Company but upon condition Of the Chicago
and Milwaukee Company purchasing 10000 Of the
Companys station bonds" issued for the special pur-
About this time plan was started by some OF the
leading spirits of the Milwaukee and St. Paul Company
to "gobbo up the Chicago and Muwaukes Company
"Ogdcn fashion,, and make It part or their line which
would give them direct line from Chicago 70 the North
west and competing line with the Chicago and North
son Of the o. smith, ESQ., the great
manipulation, and Vice President Of the Western Com
paay :, ,,, ,.,,.. ,., ~, 8, nv o,,,,.on h..
not his equal in the great West Ia the manipulating
and managing OF . railroad corporation He saw A.
nys plans and went TO work with will 70 prevent IL,
He succeeded by purchasing more thsn one half the stock
to Se the and control Or the
poraton The stock purchased and which Is now stand
Ing In the name OF william B. Ogden and some OF The
operatives directors cierks Of the sempany exooe1s
fourteen thousand shares was informed At the tnse
s n BY % s' 4 pcS
aud Northwestern corporation In sDen market.
Tho price paid for the fourteen tnoSsSnd shares
60 and Northwestern preferred stock worth about
So per cent Il the time. Now, may have been msin.
Ogden please Explain !. the his long booked 70!