New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-08-15

noned during the day ana knew the contents OF the
~,fer told him Mr. Stanton knew eyery thing He re-
itSrated his threat and here NJ. stanton arrived.
on or about Wednesday April r. delivered To Mckay.
In the presence OF ). L. Wheeler, Secretary o the Com
Company, No. % Broadway. Hew-York.
LITERAL cory OF MKAY's LETTER
Ny DE- SR. VIII be home on Tusday morning YOU VIII
Read the letter oyer Carfny not put II IN print nor leu
your peopc see at Chattanooga only your Brother you
must do write you in this matter. will give You
more Information when Return Tusday am
ID. n. Stanton, esq. N. MCKAY
NATURAL INTERENCEs.
Was any communication of the highest executive on
of State before prepared under such peculiar
circumstances and pu by that Executive in the hands
of third person (McKay), under such peculiar crcun'
stances, carried, kept and held by that third person
until by Of IL he cutched the vauabes previously
demanded for that very Exccutive' For what was that
communication put by Gov Lindsay in the possession OF
Mckay If not to secure the delivery to him Of these val
uables9 Wonld Executive thus enable Mckay 10 on
tain these yauabes and refuse OF fail To take al! P'o
On the occasion when Mckay delivered the letter to
hands at washington and received the extortion funds
the following telegram TO Gov. Lindsay, at Mchaf
instance was prepared and to the telegraph once
for Transmission TO the Governor and was dOuDees
To him: - ,o-,
Cor RoBT b. LINDSAY, Montgomery, Ala.
Have delivered letter and seen parties who appear
satisfied. Will write you in full ~ a a,i.o.,o,
Is IL not triing with sense for the Governor
now to pretend ignorance of what Mckay doing ana
did dot II there was nothing outside on oca uHs
connected with the letter 10 sent by MCKAY WY War
il that Mckay should careful TO nave the Goverhof
informed that the parties appear sItgea: 81
there had been no secret arrangement as to the matter
The telegram in its very language indicates such ar
We're in or near New-York toward the last of June,
heard something from Gen Roddy about this trapsae
ton Gen ClantOn without delay informed Gov Lindsay
what he had heard Gov Lindsay once sent for
Mckay go says the statement in The Chattanooga Times
avowedy upon the authority OF Gen Clanton and de
manded to know what he meant by making such reports
Mckay terrified into making clean breast Of IT,
f,.Iaa xrri.f sGnnxp LODI INF
which Gov Lindsay now holds, that stanton had paid
him the money above stated upon his own solicitation
and promise to fix Lindsay but that he had never APP
preached the Governor on the SUBJECT but kept the
money himself. inducing Stanton to believe that Lind
say was brbed. No doubt Mckay " terrified into
there is just little doubt that Gov Lindsay was
Clanton Gen. Roddy, and Others had got "an inklng"
Why did the business of terrifying stop
at McKayf Why no effort made by Gov. Lindsay
or Gen. Clanton, then In NewYOrk where also was
terrify into retracton or explanation of what
knew had told Gen. Roddy about this matteri
Since the political friends Of the Governor In Alabama
have heard OF this matter ii that he and they
have come to the conclusion that they can screen HIM by
making scapegoat of Mckay, or by falling back upon
the old hatred and prejudice against Inc and the Com
pany Of which am President Hence the Governor has
surrendered 10 the politicians and under their foolish
guidance makes vain show OF serving the State by seiz
ing road and assets OF the Company far in his
power Until this seizure II was Impossible for the state
to lose anything by Of its liabilities incurred in
aid Of this Company All these liabilities were secured
beyond doubt by the first and paramount lien given by
the statute law OF Alabama ana Ine
cuted by the Company. This seizure created the first
danger Of loss the State which has ever existed IN
spect TO said liabilities, as will now be demonstrated
The liabilities OF the State IN relation to which this
seizure made the Endorsements by the state OF
the bonds Of this Company under act of the General
Assembly OF Alabama, approved FEB ~ 1867, ana the
supplement ana amendment thereto This act OF Febru
ary 1907, may be very respectable law IN case the r
road seized under ii s i'll itself continuously paying
concern without any outside help aid or expenditure
II provides for that specific case but II If an ugly law Tor
the State in las here and now the railroad seized
in itself paying concern, and cannot be made so
without very material addition help and or expend
ture When by the aid OF somebody else the Governor
and those who have caused him 70 make this seizure
that is very stupid law So must be remembered
first that this very law was passed by Legislature over
whelmingly Democratic IN both branches, and was ap-
proved by Gov. r. NJ. Patton, who, though always a
Wing before the war, had as early a. 1861 Ike some
others of the old Wing party, become leading patrl
archal Democrat; second, that this law is stupid law
for the present IL was very stupid IN the Demo
that before proceeding to act under 1t without any
feasibility benefit to the State other creditor
minshnr it's ability TO meet the claims Of its creditors
In the general State aid act OF Feb a 1870 passed
IN the event the said receiver should find said
railroad viii sufficient amount over and above
time as provided in this bin may proceed
TO oreclose the mortgage ana sen the road outt ana
no such provision and fails u make provision for the
where the railroad viii not net sufficient amount
to meet the interest other than is herein
above stated. The act Of Feb. 1870 has no
application TO the present case and seizure must be gov
mentioned ACT does not provide for the case which has
tIx occnrred but 6nly for the seizure of a road
which paws more han lis running expenses. In other
words authorized by the act of 1867 Is to be
of temporary duration 10 continue unli the ne. edr
be no net earnings without additional outlay not author
zed by the act Of 1867 And If this road can held law
fuy Under the act Of 1867 the is ascertaned
that it viii not net anything then the holding Is not tenn
porary designed by that act but may De perpetual
which is clearly authorized by the act The road Of
this Company necessarily constructed with eXrdOT-
dinarv dispatch and under extraordinary disadvantages
damaging and dPpreclaug line of conduct
pursued by the mischlevous politicians above referred
To- Its cost to the Company was therefore much
greater than IL otherwise would have been.
Pressed with these difficulties, the Company has not yet
put upon the road sufficient supply OF rolngstock 10
make the road pay much it's running expenses The
Company, amid ts troubles and embarTassnents. was
proceeding as rapidly prudence would allow pro
cure and supply a sufficient amount of engines and cars
make the road paying one This course was deemed
best for creditors best for ALL aud before the
road would have been In condition 10 pay than it's
running expenses but for the adverse Influences above
referred TO- which contributed 10 the damaging proceed
ings in bankruptcy known the public and which now
themselves in the seizure OF the road by the Gov
far he thus parayzng the efforts Of the
Company and its officers
The course wished the Governor to pursue could not
entail any utllaae ioss % .e c.v, anu "oa nave
people OF Alabama. That course was TO avoid any act
which would further cripple OF emparrass the Company
necessary engines, cars, &C. 10 make II paying
Germ and in the time TO allow the Company iul OPP
pOrunity 10 increase the business of the road Us mail
contracts and otherwise; and TO apply the first funds 1t
could spare from these essential ends in paying of the
laborer rs and those who had furnished supplies. Any
Governor OF ordinary business sense and regard for
Justice 70 other creditors if free from magn Influences
would have pursued this enlightened, safe. and liberal
II the right course IN view OF the temporary
ebarassments OF the Company and OF the strong claims
OF those who owned what Is called the floating debt
/ deem 1t a great hardship TO be forced TO pay
what extorted through Mckay 10 get this wise and
lust and pursued which ought TO have
pursued without the meanness Of eXactng pay. In the
many embarrassments OF the Company II has often been
forced 10 choose between evils But IL has hest
tated III its purpose 10 have full justice done to the
whose honest toll built the road and who generously
r.IiaIf N tfa
DELAYED only, but shaken by this last wantOn
unjust act Of the Governor Selling far he could
the road and It's This wicked act shows a dsre-
card Of the rights and equities Of those creditors who
furnished their labor and property build the road as
well as Of all other creditors, which l. dscredtabe 10