The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1866-05-10
which they did not, at that time, see proper

At meeting of this committee was ap.
pointed sub-committes, and Instructed % |
procure from you de61ite and spsoi1c state
mont, in writing. of tho teolms and conditions
upon which you are wiling 10 conclude . set.
Element between yeursslf and the city.
therefore address you this note, srespect.
fully requesting you TO furnish, through me,
70 the committee. such statement, at your ear
Hest convenience.
l would beg leave to ask in behalf of the
committee that you make the city ~ liberal
proposition for the settlements of the suite
and the adjustment of ell matters pertaining
to the r. l. & P. R. R., ~ the condition Of
the city 6nances. Jour connection with the
road and your Identification with the inter.
ests of the city. - one of its citizens, will
warrant; assuring you that the city council
proposition that you may be disposed to
make.
Very Respectfully,
ISignsdl 9. TRuxsDALH.
In reply to which received the follow.
ing:
Rock ISLAND, May 1, 1866.
G. TRuEsDALE, ESQ.,, i&r:-Your note of
yesterday 10 before me. / fully appreciate
its conciliatory tone and recognize the impor-
tance of'.amicable adjustments of all difficult
ties that arise between the city and Ito indi-
vidual oitizens.'4I cannot. however. make any
proposition, at present. leet it should be con-
strued into desire, on my part, to avoid the
prosecution of the suit alluded to, until a fin.
al determination is reached.
By the publication, in the newspapers, of
the substance of the bill and by other means,
an impression has been created, in the minds
OF some, that there 10 large amount of mon
ey In my hands, equitably belonging to the
city, as stockholder in the r. l. & P R. R.,
which can be recovered by vigorous prose-
cution of the suit.
That is q question of much more conse-
quence to me than the mere amount of mon
ey involved, and hence l must insist on a CON.
tinued prosecution of the suit, until that
matter is judicially ascertsined and deter.
mined.
At my earliest connection with the R. l. &
P. R. r. and the Coal Valley Mining Co., the
individual members of that company propos-
ed to donate to the city $50, 900 of its capital
stock, simply to remunerate the city on ac-
count of its unfortunate subscription of that
amount of stock in the railroad.
Had that donation been accepted it would
have paid the entire indebtedness of the city
growing out of that subscription but q ma.
jority of the city council thought it was
deep laid scheme to involve the city in new
ton was summarily laid on the table, I'M
worthy even of refer ence to a committee.
Ever since / claimed to own the r. l. & P.
R. r. have been willing to bear liberal
portion OF the burdens of the city, growing
out of its subscriptions of stock, and have,
on VAR Gus occasions, made informal PROPOSE
tions and suggestions on that subject, the last
Of which vas met by the institution of the
suit referred to in your note. S--,
Notwithstanding this, In view of the ''con- /
dition of the city finances, my connection
with the road and indentiicatlon with the in
terests of the city, as one of its citizens" l
am willing to contribute to the relief of the
city, and as such contribution | now propose
to cancel and surrender SIS, 900 in the bonds
of the city, ISSUED to the r. l. & P. Il. X.
Co., together with all the coupons to accrue
thereon, after July next, whenever the city
council shall indicate a willingness to accept
them.
After the bonds ana coupons are cancelled
and accepted, and when the suit is prosscut-
ed to its final disposition, or the attorneys tor
the city shall advice the city council that
there is no money in my hands, ON account
of my management of the affairs of the road,
| to which the city Is entitled, and that the
charge cannot be substantiated that l had
used the earnings of the road, properly be-
| longing to the stock holders, for the purchase
of the securities of the company" will be
ready to make the city an equitable PROPOSE
ton for the final adjustments of the various
matters alluded to in your note. The city
shall, however, be under no obligations, ex
press or implied, to accept such proposition
as l may make. on account of the acceptance
of the bonds, they being designed to be
mere present. on my part, and to indicate
| the amount of the contribution am willing
| to maksto the rslief of the city, without any
reference to future negotiations, should any
| such BIS made.
Yours Trnly,
| (Signed) P. L. CABLE.