The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1869-08-13
THE NEW YORK RAILROAD WAR.

Our dispatches for several days have de.
pic,ed that portion Of the New York through
which the Albany & SusQuehanna railroad
passes, a. "a scene of warlike demoustre
tons There have been narchinps and couu-
termurchings of armed men, siegcs, CccuPH.
tons aud evacuations OF strategic positions,
sudden captures OF Po0to, and iudesd none
of the Accomplishments Of an actual contest
at arms have been wanting, unless the ab.
sence Of artillery may constitute an excep.
ton.
Such wars as this are chronic in New York
Railroad legislation, railroad cOurts,railrosd
iures, &C., now constitute distinct part Of
the system of government in that state,
greatly to its disgrace. The New York
Tri5lme Of the 9TH contains the subjoined
history Of the caSus beli in this cAse:
The railroad extends from Albany to
Binghanptou, a distance Of $50 miles, where
it strikes the Erie Road, and, Of course, y
great deal Of traffic of Tioga, Albany and
Duchess counties is carried over its rails
Mr.. James II. Ramsey, who mas been Pres
dent oil this road for "a number OF years, has
lately had various charges brought against
him, one Of which is that Of having issued
5000 shares of stock, and throwing IT into
market below its par value, and Riterwsrd in.
duclng the Treasurer, Mr.. Phelps, not to
transfer any stock TO those opposing him.
David Wilson, q stockholder, brought suit
against Joseph II. Ramsey and W. l.. Nj
Phelps, President and Treasurer, charging
the latter with having refused to record the
transfer of his tthe plaintiffs stock, for
which be had presented certificate, and to
give him new certificate therefor; and the
complainant further charged that Phelps
acted under the orders and in the interest Of
the President, Mr.. Ramsey, and that his real
motive was o desire 10 prevent the plaintiff
from voting upon the shares ct the ap.
preaching election. On the strength of this
an injunction was issued by Judge Parker,
of Toga county, restraining the fisk party
from interfering in the fight, but the latter
procured an injunction restraining Ramsey
from retaining possession OF the books and
records Of the company, and finally succeed.
ed III obtaining possession Of the road. An
action was commenced last Friday before
Judge Clute, in the name Of the Albany and
Susquehanna Railroad Company, against
Messt,. Leonard Herrck North and vii.
bur, Directors, and Mr.. Phelps, Treasurer.
The action Is based upon the complaint that
the above named directors have formed a
Conspiracy to give control of the road 70 Jay
Gould and his friends, now managing the
Ere Railway, and that the management Of
the h-ie Railway is now had with the sole
regard to tue interests, not of the STOCK.
holderS,"or otthe public, but of the men
controlling it, The complaint also declared
the allegations, in the complaint made
against PRESIDENT Ramsey utterly false, and
that the acIl0a was taken more than q year
ago. by inc unanimous vote Of the Board,
MeSsrs' North an3 Leonard being present.
and that the suit was brought in New ork,
where none Of the parties resided, and be.
fore Judge who had been detrauded into
signing the papers aud that the order was
dated and signed the same dar.
Mr.. Phelps was included in the com.
plant, as the plaintiff feared that he might
obey the orders of the other defendants -
pom this an order was issued last Thurs
cay By Judge Clute, restraining the defend |
@r's IRON exercising the Office of Directors.
r. rom voting at any meeting Of the
r1,a 80 anH also restraining Mr.. Phelps from
ants o jug with any demands of the defend.
MA b ooEo ny the custody of the compa
this .nipno,ia au papers. In consequence Of
Board g Di ivn, aud that Of Mr.. Ramsey, the
day. we're 81 vC n;.S, al the meeting on Fri.
ing but six Ok o. T.sp eoa head, and there be-
adjourned sine a. In ,ba members raa present,
Phelps and Superin.-7dent' V %.s" \, time Mr..
transacted the business If ,b an aalAenburg
On Friday Judge Peckbs.,' 1e cotnpaay.-
n q. fruyn Receiver Of the ,a ppS'u,e S Mr.
oslkehoOrg was put in charge Of r aau van
SATURDAY morning, the lsttes, on co;O OlnO.