New-York tribune., 1868-05-30

this there were read the adavits of various persons
which certainly went far TO show that Tracy was the
one who was opposed to the extension, and that he
was actually negotiating with the Northwestern
Railroad Company to prevent the Rock Island Com
pany from making the extension. 1t was an import
ant point as bearing the good faith Of Tracy, in
issuing the new stock tout of which he realized some
$40000 for the stockholders to show that the pre-
tence that it was issued to build the extension was
false, and they could not do this more satisfac
tonly than by showing that Tracy who was the
head and front Of the whole scheme was opposed to
the extension and negotiating for the control OF
the North Western COmpanys Road for the very pur-
pose of preventing the extension The following ex-
tract from afdavits read on the trial alluded to,
will remove all doubt on these points:
Southern District Of Netc York. CITY and County Of Nec
York, ss:-Frederick p. James and Russell Sage, being
sworn says and each for himself says that he is acguan
ted with John f. Tracy, the President OF the Chicago
Rock Island and Pacific Railroad Company; that about
the 1st day Of November 1851 the said Tracy stated in
the said Company TO extend build the road from Des
Mones west TO Omaha to connect with the Union Pacific
there business enough for more than one road
eastward from Omaha and tnat %Nna nS Po pay AND
and Pacific Company TO build or extend their road from
Des Moines west to Omaha. EP. JAMES,
Southern District Of Nec- York. Cy and County Of Ne,o-
York, Benjamin Nathan, being sworn says that IN
interview with John f. Tracy, the President or tne
above Company which took place In the Eau OF the year
1857 after the return Of the said Tracy IRON 1e S a,
Tracy said that the Chicago Rock Island ana racine
Rs9ad @ OoPa1% pa % 20 oDS S a. Railroad
Company extended from Chicago to Omaha, and there
connects with the Union and Pacific, and sald Tracy as
OF the Rock Island Road to the Missouri River,
all" '"'' '"'' O'0 HO' 'i'0"D " ' BENZ NATHAN.
Tracy being unable to deny that these things had
taken place. charged that the propositions referred to
were initiated by other parties and that he merely
entertained them. To put this matter at rest. the
stockholders read further aidaYits Of Mr. James and
Mr. Sage.
Oy and County Of ep-York, ss Frederick p. James,
being duly sworn says that he has heard read what pur
the 18th of February That not true stated
in said affidavit that deponent and Russell sage made
trary the proposition in regard 10 such subjects
from and made by said Tracy, and the said Tracy
they should join him in getting the control OF ead North
Western Road That the object Of sail Tracy. & as
pany that arrangement could be made between the
and the Rock Island BY which the % road q
Tracy also stated that his object in wishing to get control
OF said Northwestern Road to unite the SAID con-
sodated road with the said Northwestern, at point
of Dies MOneS, where said two fOdds came within
about seven miles Of each other and thence the
two roads on the single track OF the North Western Road
to the Missouri River, and that the road OF the Rock
fore alluded TO- which twenty miles west OF Des
MOines.
Ciy and Coun,y Of Eec York. ss: Russell Sage being
sworn says that not true that deponent and James
made the proposal 10 said Tracy that the said Company
road should stop at Des Mones bat he says that
the proposition made by and from said Tracy,
and was not made to hun and he says the said
Tracy said that the Rock Island did not want to build its
road TO the Missouri River; and OF the objects he
Tracy had In desiring the control OF the North
Western Road 10 enable him to make an arrangement
between the North and the Rsck Island Road by
which the roads might he united and the two roads
the single track OF the Northwestern, from the
OF connection tO the missouri RIVER.
What foundation there is for the statements put
forth by Tracy and his associates in regard to the
extension and the proposed arrangement with the
Northwest may now readily be seen. Mr. Tracy
and his friends tif he has any must find some more
sound and reasons than any yet pres
ented for resisting the stockholders in their attempt
to secure the exercise of right the Importance and
value of which, to them, more apparent from what
is above stated.