Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-05-08
,ueb other houses as may keep open 70.

such other houses as may keep open for
strangers, will make big thing Of il.
Yesterday went With legal friend to
Judge Diummono's court to hear Judge
Grants argument IN the
RocK ISLAND RAILROAD FIGHr.
1, seems that the defendants counsel
finished their arguments Monday. In the
two celebrated cases OF Franshaw, ". the 9.
4 r. | Il. K and others, and Biood W. the
same. JUICE Grant commenced the clos
ing argument for the plaintiffs to-day, and
for while thought " I'D lnJuncuon's
clients were picus AND very much abused
/ class Of individuals, and a. the Judge
warmed up, and hurled his "hery darts" 1t
the present managers OF the road. was re-
minded OF .he Judges cslsoratsd case
against our gas works few years since.
The points made BY the Judge we're =
| First, That Messrs. Tracy and Bows had no
authority to sell the $4,000 shares Of new
stock ct less than par; Second, That they had
| no authority to build the road west 81 De-
Moines and use the money realized from the
| sale Of the 900 shares 10 extending il.
| because thsrs never Was legal censolida.
ton Of the Illinois and Iowa Divisions Of
said railroad.
On the tirst point, Judge Drummond in
terrupted Grant by asking him, what had
been the custom Of the U. 4 K l. r r Go.
| heretofore in selling its stock TO build their
road' GRAFT replied that the evidence was
not clear, whereupon one of the counsel for
the railroad company, reminded the court
that an affidavit had been read in the case
showing that more than three -fourths Of
| tho stock sold, while constructing the r. l.
road in Illinois, had been sold below par
and at an average OF less than 30 cents and
the affidavit further disclosed the fact that
Judge Grant was either President or Vice
President OF the road when most Of il Was
30 seld, and d,sented to it. This little cpl
sode opened my eyes, and the next quss.
ton OF tbs court TO Grant opened my ears
Thc court says Judge Grant, do you
wish TO distribute the proceeds Of the AZ. :
900 shares among the old stock holders ~
To which Grant replied No your Honor,
, ws wish TO pay it back TO tho parties who
, hold the new certificates Right here i,
occurred to ne that lawyers sometimes do
: have to take both Sides" for know il "a
, be true, that Judge Grant. Clifford and
! some others Of Davenport, while before the
J legislature II DesMoines, in March, represent
8 ing these same New y ork parties, told tn,
members and Committee that their clientl
= :, wanted to build the road, with the money
= arising from the sale Of the AZ, 600 shares
= Of stock, but that they preferred to expsat
h il themselves. but no il seems, they wan
y the meney paid back, the new stock can
lr celled, aud the west end Of the road to ter
8 minate at Des Moines.
ID AT this period Of the proceedings in court
n | IL e. dat
u some sfidavits showing that the books Q
the company had been closed for tire
ie months by the acts Of the plaintiffs, Far
~ shaw, Blood, and their associates, 90 the
nc no stock could be transfer -ed on the books
, and no one could tell the difference b
IN tween an old stock certificate or new on,
n. and both issues were sold in New York I
Id the board every day. Grant, ever read
with an answer, told the court that b
re, would find them, and bring them in,
IN court, and compel them to disgorgs-th
D. last sentence Was uttered in Judge Grant
oi modulated prairie voice.
gu Grants theor, on the second propositis
a is that tho consolidation being illegal, Il
= company CO not issue and sell stock Z
bond. to build the road in Iowa, and Their
ty bind, or use the earnings OF the lllino
as division.
20 judi Grant did not make this point We,
y clear to me, ani thought by the NOV
as mtnt Of Judge Dfummonds spectaclss th
he didn't see it,
up Grant charges in his bill of complain
~ that his clients own majority of the stoc
Judge Dfummond askel him VIII
y proof he had of it. "Why. your homo
:, ie the memorial of my clients to Il
=, Iowa Legislature" You ought to ha'
nj seen the broad grin" covering the faces
ed some Iowa gentlemen present, both in, ar
d outside Of tn. bar, At the GOODNESS OF Ora
as in proving an important fact, by the me'
he sriaL OF New York Stock gambling rim
he So many categorical questions to Ora
SO from the Bench, rather disconnected q
y oldest member Of the bar and complai
~ ing of severe weakness, Judge Drnmmor
n took pity on him, and about o'clock P. N
~ ~ adjourned his court until this morning.
on 6PM. Judge Grant closed his arg
70. ment to day, and the case is now subm
ted to tho court on the preliminary one
on tions raised.
of Judge Drummond remarked that
o. would examine the case at once, and rem
ad er decision in few days, the result
yn which will be Of i'm ncnse Importance
yonr sity, and tho interior Of Central low
W IsMAs.