Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-04-04
THREE CENTS.
AN IMPORTANT SUYr
O'S sues " iam,i iSmair9ad for Recovery of

From the Cleveland Herald 9th 7
IN Ioal tHe city OF Cleveland, by its special Com,
GAINESVILLE and Cincinnati akron brancbI Raaand
Company, by which the city loaned to SAID oa9
GG"mpanE! :iU4gIV Of her stock in the Cleveland
FalncsVllle aId Ashtabula GIake Shorc) Raiiraoi
Company for the purpose of enabling the CIr"aIaJnSS
AanesTilIe and Cincinnati Company to build its road
from Mlllersburg 10 HaneSville 'N
For this the Cleveland, XaneSville and Cincinnati
Company gave one hundred thousand dollars in its
stock, guaranteeing that at the end of five wears its
STOCK should be worth twenty-five per cent more than
par value and as collateral to this guarantee it gave
Its own income bonds to the amount of one hundred
and fifty thousand dollars. The city of Cleveland
and the Cleveland, GAINESVILLE and Cincinnati Com
pany were each to retain control of the stocks so ey
changed, until the expiration of the FIVE years. tho
while. t"-' . D1''H
At the expiration of the FIVE years, to wit:-May
lst, l-59, the city made demand upon the Cleveland
Lahesvllie and Cincinnati Company to make good its
guarantee. Previous TO this however, the Cleve-
land, AanesviIlo and Cincinnati Company had made
GFfr lts interest in the Cleveland. Painesvie and
Ash!aoua stock to the Akron Bank as collateral Sc
GuIISy or pre-existing debt. and on the failure of
the Board Control Of the State Rank Of bo nqT Tbe U5
CITY, after making said demand upon the Cleveland
hanesVlIe and Cincinnati Company, commenced n
81 III iauceIy' eu!ohnS the transfer of said Lake
olrre stock, and enJ dining the bank from selling it,
Dr IIo sIlL wa orlslnaliy IN the Cuyahoga Common
fIGaS, Where by consent decree was entered in fa-
yqr OF the city and taken up to the District Court
where like decree was entered. and the case was
iaheh 70 tue supreme Court in Banc, where it has
been clabOratcly argued by udcC Andrews and Judge
Ranney for the city. and Mr.. Hunter for the defense
The Court has rendered decree in favor of the city
A MY STOCK OF PAPER.-If we are to credit the
papers which reach US by the last English mail Il
substance has last hGcn discovered which will take
the place Of cotton and rags in the manufacture of
paper II found i'll the southern provinces of Span
and IS known as ''csparto grass" The London Econ
om,@ speaks Of this discovery as follows:
Mr.; Lloyd, Of the Walthamstow Paper Mills. is
stated to have had great share in the merit of this
discovery; and Mr.. Mark, the British onSu at NAL
aga, has drawn interesting report on this sub
Ject, which has lately been made public in the COM
mercal reports. This grass is the produce of waste
lands; 1t requires expense in cultivation and
little in collecting. 1t is best prOpaeated from the
roots not from the seed. 1t is perennial and propa-
gates o! itself, and improves by n regular yearly
gathering, if plucked with sufficient care Mark has
devoted great in his Gndcavors TO ascertain tho
climate and soil which favorable to the develop-
nont Of the plant and it appears that the atochn re-
qulrcs decidedly hot and dry cimate that it grows
equally well in the plains and the mountains to
moderate elevation. and tina, rs regards soil it
h9ulsheS both IN cdlcareous and arglaceous soils or
whel these soils are blended in the form of mArI
he greatet quantity shipped from the provinces
o Amerla and Marcia but it is found though in less
abundance, in all the southern provinces of Spain
1t Is also said to be plentiful in parts of the
opposite coast Of Africa, and shipments are made
from Gran to England.