Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1871-12-13
From the Crawford Democrat, Meadville Pa
Atlantic and Great Western Railway.

80 much has been said through the public
press relative to the Atlantic and Great
Western Railway, that we have been to the
pains of inquiring, at headquarters, the
true status Of the Company, and the follow
ing is the result of our inquiries
BY virtue of legal proceedings in the
States of Ohio, Pennsylvania and New York,
the road and property of the Company from
Salamanca to Dayton has been sold, and
purchased by Gen. Geo. B. Mcclellan, Hon
Allen G Thurman and W. Butler Duncan
as trustees, for the benefit of creditors and
stockholders, under a plan of re-organiza-
ton agreed upon by large majority of the
OF the plan three new corporations have
been organized in the three States through
which the road runs. The three trustees
are directors in each of these companies,
and Gen Mcclellan aad Mr.. Duncan are ap-
pointed Executive Committee to take
charge of and manage the affairs of the
three companies, and operate the road I'M
til the final consolidation of the three COM
panies shall take place. This will be ac-
complished as soon as the time required by
the laws Of the several States shall have ex-
plred for proper notice to the parties inter
ested. Gen. Geo. b. Wright, of Columbus
Ohio, has been appointed the representative
of the Executive Committee in personal
charge of all the affairs of the Company on
the line, and II. F. Sweetser, ESQ.,, General
Manager-and both these gentlemen are
now at Meadville, Pa. in charge. 1t is ex-
pected that this general supervision and
consolidation of the three companies but
until this consolidation takes place and
board of directors of the consolidated com
pany elected, no speculations or promises
should be INDUCED in as to the future
Upon the sale of the road the lease to the
Erie Company terminated, and the road is
now virtually in the hands of the stock
holders, to be operat by them for the ben
eft of its lawful owners. In view of the
complications involved in adjusting the
affairs of tie company to the new order OF
things, it is hoped the public and patrons of
the road will exercise patience and extend
to the new management that confidence and
support which is needed and we think de
laI; do hot
BILE effort is being made to put the road in
frst-rate condition and provide for the
prompt movement of all traffic which may
be offered.
We understand no changes will at pres
ent be made in the operating force employ
ed, where efficiency and integrity is found
and the greatest economy secured.
Until the consolidation is perfected and
the new Board installed the present MANA
gers will feel compelled to postpone action
on many matters pressed upon their imme-
diate consideration but they wish it under
stood that all communications will be lied
and carefully considered, and as soon as DOS.
sble, action thereon.
Mr.. John P. Horton has been appointed
General Northwestern Passenger gent fer
this Co, with headqnarter, at Chicago, III.
He will have special super 7ision of the bus-
ness throughout the West, and should be
respected accordingly.
1t is reported that Senator Sumner
will not accept the caucus assignment
to the Craftsmanship of the Committee
on Elaction