Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-03-30
THE CHICAGO. ROCK ISLAND AND
PACIFIC RAILROAD!
CHANGE OF BAsE,
REORGANIZATION Of the ggOurd o. 4
Directors and Executive
Committee
work TO he Prosecuted with
Tig0r
The Act Of she Iowa Legislature
Accepted /!
From The DAILY state Register.

From The DAILY state Register.
1t has just transpired that a meeting Of
the Directors OF the Chicago, Rock Island
aud Pacific Railroad was called to convene
at the Office Of the Company in the city OF
Chicago, at 2 o'clock P. N. OF Wednesday
the 25th instant. The New York ring sus
pected, II seems. that part Of the bushes.
OF the meeting would be an acceptance OF
the recent Act Of the IoWa Legislature.
Judge Grant was ordered to leave Dcs
MONIES, where Ee was making profuse as
sursnces Of the desire Of the Broker me.
morialisfs TO use the money in controversy
on the construction Of the road and TO pro-
coed Immediately 10 Chicago, and prevent
the acceptance of the act by a resort TO HIS
iayoiits remedy OF Injunction. He obeyed
the order BY repairing TO Chicago and fling
In Judge Drummonds Court a petition,
asking tho Court to refund the money rails
Cd to build the road, and enloin an accept
ancs OF the Act Of the Iowa Legislature.
AZ the hour named number Of the Direc-
tors appeared at the Office. but there being
no quorum. the meeting was adjourned un-
til = later time. At the hour 10 which the
adjournment was made, q quorum OF the
Board appeared, and the meeting was or
gained. John b. Drake, of Chicago, was
elected Director TO fill . vacancy existing
in the Board Mr.. Clarke Durant resigned
his Eircctorship. and WIN. +. Coclbaugh
was elected to fill tie vacancy. Some 9TH
sr business was transacted, and the Board
sd gu ned to meet on the day following. at
Davenport, Iowa. There is = rumor here
that Judge Grant WAS exceedingly anxious
TO serve some papers OH the Directors at
Chicago. before the meeting but this is
supposed to be \ mistake, As several Of the
Directors say they saw him as they were
entering the Office. One Of them was 80
close that his clothes brushed those Of the
Judge, but seeing him engaged in earnest
conversation with friend, he politely re-
Trained from intsrrupting the parti =.
The Board met again At the office Of the
Company in the city Of Davenport, on the
26th. Thomss Q. Durant resigned bis Di-
rsstos ship and the Board immed iately 6lisi
the vacancy by the election Of }. w. Urury,
Of Rock Island. This was followed by the
resignation of David Bows, and the vacan-
CIV was filled by the election OF +. A. Nc
Nair, Of Davenport. Charles w. Duran,
then resigned his DirectorAhip, and the va
cancy was filed by the election &C George
y. Campbell, Of Ottawa, ILL., Thomas s
Sturges then resigned and the vacancy wsa
} filled by the election Of l.. +. Allen, Of Des
Moinss. The Board then adjourned Il
meet At Brook yn, Iowa, on the afternoon Of
the Same day.
When the Board was called to order a.
Brooklyn nine Directors answered to their
names. The recent Act Of the Iowa Legis
laturc was then considered. and SITTER some
discussion the Board passed . resolution
accepting the Act. and instruct;ng the Presi
dent ard Secretary Of the Company 20 ex.
ccute and file in the Office Of the Secretary
OF the State of Iowa. the acceptance in wfi
ting required by the terms of the Act The
Board by resolution postponed tho sisction
Of tho E0ard Of Directors until the frs,
Monday IN January, 1862 in accordance
with the requirements OF the Act which
had been accepted. MIR. Coolbaugh offered
a r. solution declaring fiat the Company
vii proceed without delay and with all
possible dispatch TO construct and equip its
road from Dss MONIES to the Missouri Riv-
cr, which was adopted. The Board then
adjourned TO meet at the office OF the Com
pany in the City of Dss MONIES at = o'clock
A. NJ, Of the 27th.
, The Board met at the Office, at Des
MONIES at the hour designated. 1t wass sta
ted that the acceptance Of the Act had
been duly filed IN tho office Of the Sscre-
tarv Of State. The entire forenoon was de-
voted TO tho examination and approval oil
the contracts for the construction Of the
road from Des Moines TO the NJ ssouri rsv
er, ami TO making tho necessary arrange
menis for the vigorous prosecution OF the
} work. Everything was done which was
deemed necessary by the ID rectors to CON-
NIT the company irrevocably to the eyten.
sion of the road from Des MONIES to Connc
Bluffs and TO secure the construction ofthe
work within the time required by the Act
OF the Iowa Legislature. The old ESsca
tive Committee having been dsorgan xsi
by the resignation Of the Directors above
mentioned a now enc was appoint d, con.
s.stiug of John +. Ira cy. Wm +. Coo
haugh, l. Cook, b F. Alien, and E. 4
Mc\air
The names Of the members Of the Board
| and Of the Executive Committee are alona a
sufficient pledge that The work will be pros
ceuied vigorously. The company IS in pos
se.>i n of snplc means, We are assured by
the Directors, to continue the work with
vigor, notwithstanding any iuiuuciiens or
other proceedings winch have been or may
b, instituted to DELAY.
The people Of Iowa by their Senator'S and
Representatives have declared their conf
dercs in this company. The directory has
promptly accepted the requir emen:s Of the
people. They have admitted to the Board
Ceolbaugh, Allen. Tracy, Campbell. McNsir
and Drake. any Quo Of whom commands in
the State OF Iowa, more confidence than all
the brokers ''ot most kindly feelings on
Wall street The Executive Committee is
charged with the execution OF the extension
Of the road, and a majority OF its members
are citizens Of Iowa. The prompt and de-
cided acton of the Board has strengt hened
the confidence of our people in the good
faith Of Mr.. Tracy and his friends.
In the afternoon . majority of the Direct
ors visited tho Capitol while the General
Assembly we're in session. Some Of them
will leave Des Moines this morning. Prssi-
dent Tracy and others wi,l probably remain
several DAYS