The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1870-06-06

| Last evening, as the new steamer Rock
Island was on her way up, and when about
three miles below Por, Louisa, her doctor
and one of her shafts gave out, oblieinR her
to run ashore and tie up. The Phil Sheri-
dan fortunately came along soon after, bound
up stream, when the freight and passengers
of the Rock Island were transferred 10 her.
A new shaft will be cast in this city at
once, and it is thought the disabled boat
viii be ready to resume business next
Tuesday.
NORTHWESTERN i CHICAGo.-The other
day we published the annual election of off,
GERS on the Chicago. Rock leland 4 Pacific
road. Ths matter excited but little interest
as every body felt confident that it would re
suit as it did. Nearly everyone who is con
verssnt with railroad history will remember
/ the signal victory John Tracy won some
ahree years ago over the Northwestern rail
road management in electing Directors TO
secure the extension of the road to the
Missouri river; the perfec, GOODNESS. calcula-
zion and bravado of the device winning for
/ him the admiration of railroad posensates
! the world over. John F. Tray. if mastery
success and cool'fesrlessness amount to any
thing as induces, is the coming Napoleon Of
railroad management, before whose brilliant
achievements Vanderbilt and his
lesser satellites in the eastern
borizon will wane so feeble twink
l.ngs From al assistant superintendent on
the Rock Island road, he has grown 10 be
its president and q power felt and sckno~l-
edged in the monetary centers of the world
! Although he is inspired in q measure BY
am bition. from which sovereign passion
scarcely any mortal is exempt. vet also his
allegiance 10 his patrons ana friends mainly
inpel him to the performance of bis
great financial fea,s. His latest, and per
hsps his grsndest success, was witnessed
last Friday the occasion of the
election of directors of the Northwest
ern road. It is well known fact that
he has for months been encirclrg
North western stock with a view to obtaining
control of its management. The opposition
/ or Keep faction" however, wen; into the
election very confident of success, having
possessed themselves of votes representing
SIS. 900, 1000, a proportion of stock sufficient
ly large to carry any preceding election.
/ The scene, as described by AZ eye witness.
was a quietly exciting one. Mr. Dunlap,
general super ntendent of the rthwes,ern,
came forward and Deposited his papers for
the above amount OF stock. Mr.. Tracy
came in just as the vote was received, and
remarked quietly, but with 3 slight tincture
OF e1ults,ion "Gentlemen, guess | can
go you one better" and placing twenty three
10 ilIion dollars of stock on the table, be
said: Count tina. and give me a chance in
the game" |, was simply astounding, and
he became the central object in that group
of railroad men at once. He chose eight of
the twelve directors, among whom was " II.
/ B. Ogden, former president of the North
western. A: al election of officers on Friday
he himself was chosen president The CHI
| csgo Post contains the following comments
( on the choice of Mr.. Tracy:
| The election of Mr. John F Tracy. Of
! Chicago, President of the Chicago. Rock
Island Il Poetic, to the presidency of the
| North western Railway Compsbv-which
took place yesterday-is al event which will
he received with satisfaction in the North
vest The election of Chicago man to
the chief place in this great system of
railroads IS, We can but believe
the best policy of the stock hold
-rs as we'll as the popular plan.
It may be added that the event is a great
triumph to Mr.. Tracy personally. Only
about three years ago he had an animated
railroad war" with those very interests by
which be has now been chosen to the chief
executive position in one of the greatest
railways 10 the country. man of less
pluck and perseverance wouid have sue
| cunbed under those assaults. Mr.. Tracy
did indeed lose heavily, and was almost
| completely beaten at one time, apparently.
| But now he comes ont the victor, his losses
regained, and with everything about as he
wants it. 1t is q good illustration of how
| Chicago always beats New York when Chi