Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-06-06
the RAILROAD IMBR0Gll0.
Anic able Atjustmea'.'
Resolnfioms or EMdOrsemssssS.


R0SyO8U9taOV0 ~ aSSeSSOU - - sSVs
ExtensaOm Certain.
CHICAGO, June 9Th, P. n.
Epir DsxocRAr The party who vis-
tied your city yesterday TO have an inter-
view with Mr.. Tracy and friends with ref
erence to an amicabls adjustment Of the O..
r. i. &P. r. r. fight. returned here this
morning in good spirits. Mr.. Appleton,
who headed the party Of New York gentle
men, is above the petty tricks Of New York
curbstone brokers, and to him and Iowa's
fast friend-w. F. Coolbaugh, Esq, all
parties are indebted for the cool and busi.
nsss-liks character given to the negotiations
at Davenport yesterday.
The trouble has been al the time to find
. responsible and respectable party in the
New York ring, but when such men a.
Messrs. Appleton, Forrest, and others Of
like character, arrived here and found what
their attorneys had been doing, they inter-
fersd at once, and determined that they
would. make an effort to settle the matter,
and for this purpose had On interview with
Mr. Trsey's attorneys. and requested them
to telegraph Mr.. T., and request him to
cems TO Chicago. This Nj. Tracy declined
on the ground that writs we're out against
him, and be was unwilling to come under .
Gag Of truce, but vas ready to meet them
At Davsnpo and make fair settlement Of
the differences between the contsnding
stockholders.
The 7insss Of this morning ssys that Mr..
Tracy 6rst requested this meeting, but that
Is not 20. II seems that 81 Davenport th .
committee Of New York gentlemen concs-
dsd everything that Nj. Tracy has been
centending for, and particularly confirming
the issue and sale Of the $4,000 shares Of
stock, the building Of the road TO Council
Bluffs, aud approving Of Mr.. Tracy's course
generally. All the suits in Chicago are dis
missed, and Mr.. Tracy, With the Iowa di
rectors, have just arrived, and presume
the whole thing will bs ratified by the
stoc kholdsrs within tho next hour.
Tracy remains master Of the situation.
with full control, and reliable majority Of
the Board. After all the harsh and un-
founded charges made against Tracy and
his integrity, By certain parties in the New
Y York ring, this result 10 one Of the most
complete triumphs in 90 important matter
that has transpirsd lately.
II your readers could SEQ the faces Of cer-
tain Iowa gentlemen just about this time. it
would suggest the movement Of frst-class
funeral.
FIVE O'clock, Pm
lwrote the foregoing to be tslegraphsd
10 ysur paper to-day. but the line was out
Of order until too late.
The Board Of Directors met At half-past
three, and carried out the programme %
settled yesterday at Davenport. Aessrs.
Kimball, Csfin and AcNsir resigned. and
in their places were elected, Msssrs. Ap-
pisten, Hunt and Dews, OF New York
Sat sfactery 70 all parties.
Then followed the meeting Of the rsffac-
tory stockholders, who have instituted cults
in New York and Chicago, backed by l6O
acres Of afiidavits shout corruption, illsgali-
~ and fraud. By their resolutions they
stultify their former record, and declare
First-That Mr.. Tracy has done eminent
good service fer the interest Of the stock
holders in letting contracts to build the
road to Council Bluns.
Second.-Thst the sale Of $4,000 shares
Of stock with the avails Of which the road
should be built, was = grand 6nancial scheme
and should BY ratified.
Third-That Tracy and his Board Of Di
rectors, and other officers Of the road (ex-
cspt the three above namsd), be kept in
ther place until June, 1869.
Fourth.-That they approve Of the act Of
the Iowa Legislature, and adopt the same,
except the section relating TO tariff on
freight, whics they can't endsrss.
This Reimbursement hurts the Iowa
Legislature muchly. "and more 90" when
the members learned that il emanated from
the immortal Cow-dry.
Many Of the Eastern gentlemen found in
the New York ring are honorable, high.
minded men, and condemn in sharp, pointed
and cutting terms the miserable petttifog-
ging Of the parties carrying on this fight
Tracy will never forget the debt Of gratitude
he owes the officials Of Iowa in standing by
his party in this controversy.
We all know and feel that if hs had
flinchsd At any time during the contest, or
if the State authorities had refused to back
him, the road west Of Des Meines would
not have been built for the next Eve or
eight years, and your city and Dss Aoinss
would have remained smitch ststiens, and
tributary to the Nerthwestsrn read.
To sum up. MS. Tracy and his policy
comes out Triumphant slandsrsrs nailed
to the wall, and their lies recorded in-a
book; tho road will bs built, you and will
travel over il, and into the city Of Council
Bluffs before the 1st day Of June, 1859 il
will be tho trunk line in connection with
the Union Pacific, and twenty trains day
will pass through your city, and make ysu
the metropolis Of the State.
No paper in the State has contributed 20
much (by its silence) to cid in ending this
fight az the Davenport Gazette, and your
citizens ought to patronixe and pray for il.
Confound one-horse paper that has not
pluck enough to take one side Or the ether
Of . question Of this magnitude and i'm
portancs to your city. l commence to-
morrow soliciting subscriptions for it st
Blue Island, and on the line Of the Jslist
cutoff. II. W. S.
PEORIA RAILloAp LOCATED 70 CAxBRIDss.
Mr.. Merrill, Of the Rock Island Union,
one Of tho delegates from that place to
Peoria, to urge the location Of ths P. L. R.
R. l. R. r. via Moline, informs ~ that as
The meeting Of the directors On Thursday,
the road WAS psrmansntly located from
Peoria 70 Cambridge, 10 Henry county, and
that the engineer Of the road will imme-
diatsly proceed 10 make surveys over the
two routes BY way Of Moline and Coal Val
10y, and that The road will then bs located
in accordance with the best int srssts Of the
road and for those Of the people. On this
ws are satisfied to rest the matter, being
perfectly confident that the superior advan-
tages Of the Moline route will be fully ap.
prsciatsd BY the Beard Of Directors.
Hnu~osaa W. A. -