Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-06-08
TIE RAILROAD WARS
The Finishing Torches.
Full Particulars Of the capitulation.

Full Particulars Of the Capitulation.
Il having been asserted 10 one Of Chica-
re =. ers that the peace conference bed in
his ci,y on Wednesday last, was st the
instance Of John T. Tracy, We tske The
liberty TO rsfu,e the aspersion By pub 'ish-
ing the following preliminary
coRREsrESDFycE.
CHrcAeo, Jane ?. 1868.
r. Joha +. Tracy. DAyenuoti
Deunison "a a4Rt0us tc ss.tle the controVeEsy
g. stated hy me Thew afs wiling 10 agree 70
all ne savs he has fail authority, aad offers
protection against Tie service u any process
oa YOU whiie ID Illinois. ] taiRk II tie parties
coaid meet. settlement could te made. VIII
you come CoAtDoS BEcKwITa.
rrrlr
DArrsPoRr. Iowa, June ., s6s.
To Cory ydon Beckwih, Chicago:
am in Iowa. attending TO what conceive to
be tie best interests OF tie Company repre-
sent ap rot propose - leave 80 long Us !
think shall best sub-erve the interests hv re
naming here. nv self respect will not SLOW me
T. sccept protection, as | am nos conscious o.
any wrong done BIZ ne. an-as ! ever have
unwilling aud desreas 10 Go anything
which nav settle the difficulty, properly protect
tie company. comply with the law and while
willing TO communicate and consult with ANY
proper party duly authorized-a any party de
s.res 90 come here, IL seems TO me proper that
IL ore than one should come.
JoHx y Ta.cr
The next train brought over the com
prem sing stockholders TO this city, at
tended by several other gentlemen. Ar
mis,ice wis declared and terms Of capltu.
laton proposed by the Wall streeters, and
acoeded 10 by Trscy-yiz: unconditional
surrender, laying down Of arms, raising
the siege, and speedy return to Wall street.
Tracy proceeded to Chicago with bis
aids. The above terms were ratified next
day BY adoption of the following resolu-
tons
WHxssAs On the 4ih ehy of June, 1868. the
Board OF Directors or the Chicago, Rock Island
aud Pacific Railroad Company consisted Of
John i. Tracy. VIM. +. Coibaugh. kseneler
Cook r. H. Iows, B. i. Allen. George l.. Ds
venport, A. imball. Edward McNair, John
Coffin, Oliver Charlick, David Crawford, Jr., y.
s. Curuss. Robert FORSYTH; and
wAKRKAs. On SAID day, A. klmbsll, Edwsrd
A. McNau and John l.. Cofhn expressed de
sire to reslsn their pokliien II said Beard, and
a committee representing the stockholders
CONF npcsing this meeting, suggested that v d
Appieton, Wilson q. hunt, and David Dows
would be proper persons TO MI The vacancies
thus created and,
WHfaEAs At meeting Of said Board Of Di-
rectors held al the oiilce OF ssld Company IN
the citv of Chicago. on the 5th day OF june A
kimbaii, resigned his position US = member oi
said Board, ana W II Appleton was elected TO III
tie vacancy thus created, and +. A. McNa.r re
signed his .oslilou ~ member OF SAID Board.
and David DOws wGs elected TO tll the vacancy
thus created and John L. Colin resigned his
position as a member OF said Board and Wilson
q Hunt was elected TO MI the vacancy titus ere
ated and
WargrAs. A vote showed that J ohm F Tracy.
H. II. Appleton, Wilson q, Hunt, Ebenczef
Cock DAVID Dows William Coolbaugh, r.
II. Tows, Is. +. Allen. George l.. payenpoTi,
Oliver CAarlick. David Crawford. Jr., N. B. Cur
us and Robert A Forsvthe, are the unanimous
choice OF the holders OF stock represented 10
this meeting TOR Diretors of said Company. for
the wear enaing o. the trsi " e5nesday @. June,
1864 be il therefore
Rsra 5sd. Iha, the said persons last above
mentioned are chosen and dela-ed 10 be the
Beard q Directors OF SAID Company for the
WHrRrAs The shareholders here present rep
reseuiins the majority al the capital stock &C
sirinr terminate eli doubts as 10 Their poiiey
az d tecis, bo II therefore
..ss'f<i. That TIE issue aud sale Of g.. cot
shares Of the capital stock, under the resolution
passed by the Executive Committee on the loih
Of September last be il therefore, and the same
/ Is hereby confirmed and approved; and be /
further
Ee..l,ti. Tha, the D.roiors are hereby IN.
1 s.ructedto complete the lima TO Council Bluffs
with the leas, possibs delay consistent with The
/ economical prosecution oi TIE worA lna oe y
further
s.sslsts. Tha; tie best interests Of the CON
nauv retuire the immediate dismissal OF al
saits aealnst H. and its present or fcriner of
GERS oE saT ct them broeghi ea account oi lie
a5diuoaA. issue ot the z3,ee3 shares y sfoek,
and that iB5aoctiors and orders for a Receiver
| should be Immediately discharged, and the
| sae-G ut Directors are re- netted to TAKE saet
| measures as will in iheIr Judgment mos speed
iiS accomplish these ends, aud sc ar a. ray be
necessary to defend al save ARrrslsss, the pres
ent former officers OF the company, ef any O.
a. II from a. lIEllilty on account Of the issue
OF sale of sad shares Of stock; tie Board o.
| Directors are directed and tie Company under
| takes To do SO aua W farther
F! LcsotFs4 Tia, nla ority OF the took holders,
| Of tl4s COMPANY, represented q. this meeting
| do not otfeet 10 the provisions Of the law el
Iowa uassed q. the last session. cyceris so tar a.
| the same relates 30 freights and tariffs; but on
soeount Of he last named provisions. we are
| constrained to dissent from said act aud be II
i further enacted
| hes ~ That the interests Of this Company
| REQUIRE that iis transfer books be opened fr 4
kept IN the city Of New ork, as soon as II can
be legally.
In the matter thia Chicago Republican
truly remarks tia. careful psrsusl OF the
resolutions will revealed that the Iowa policy
has not beea deyiated from to the extent q
4 hairs breadth. The issue of pew stock,
which gave rise to the fight, has been con
6rmed Some three Of the Western direc
tors resivned. out of compliment 10 The
wail street stockholders. and these latter
appointed as one Of their representatives
| in the Board of D rec.ors, Mr.. David Dows,
Of New Yo:k-ons of the old board-whc
has Always been heart and soul with Mr..
Tracv, and more directly interested in the
West than be is in the East. The road
will be built as fast ~ possible, and the 50
called re-organizsd directory will remain if
force untll the frs. Wednesday in June
1869, in conformity with the acts passed
las. winter By the Iowa Legislature.
| For the benefit Of any efour readers Wit
mr discover seeming anachronism in ths
lrssolutiens, We viii hs-e remark that the
designations alluded to we're made at I
meeting Of the old board held yes.erda,
morning, previous 10 the arrival Of Mr.
Tracy, and not at the conference held a
Davenport"
Sub.equently-a majority Of stock beiul
present, and every thing in good working
order, the ockholders went into
Quasi KLxcrIox OF orFlcgRs.
On the motion Of Mr.. George j. Forrest
the meeting then proceeded to 60 through
the form Of electing directors and ofticsri
Of the Chicago & Rock Island Company 20
the ensuing year.
Messrs. l.. X. jerome and Ira Nj. Gidors
were, on motion, appointed tsllers.
After very short time spent in ballet
ing, Mr.. Clifford announced the result
the balloting rs foliows:
Whole number Of votes cast, 7S,Ses, al
OF whom we're east for the following, TO
Diresters: John +. Tracy, Chicago /; W
II. Appleton. New York; Wilson 6. Hunt
New York; David Dows, New York "
+. Coolbaugh, Chicago; Ebenezsr Cook
Davenport Francis II. Tows. New York
| 7