Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1873-09-12
The MansneIa & CoIdMnier Il. r.


Various rumors have been anoat con-
corning the suspension of work on the
Mansfield and Coldwater Railroad. We
! append some extracts from what seems to
be the most reliable sources in which to
look for information, and in fact it is all
we have seen in print in regard to the diff
fculty-
A correspondent Of the Cleveland Her.
aid says:
The Pcnnsy Con,p pany is pulling up the
iron just laid west Of Fostoria. In in our last
we stated that Swan, Rose n Co., original con-
tractors, bad enjoined the Pennsylvania Com
pany from laying any more iron until they got
a settlement out Of the Mansfield & COdwater
Company, who were to build the road bed,
bridge and tie il. and the Pennsylvania Com
pany was TO iron and operate the Road. The
road bed was pretty nearly finished TO Napoe-
on, aud the Pennsy ylvania Company had com.
menced putting down the iron aud had got into
this county abont ten miles when they were en-
joined. Swan, Rose X Co.. claim 500 900 due
them aud have sued in the United States Dis.
trict Court. II they get judgment they will
mold the irun, hence the removal Of Il before
they get judgment. ANY one having business
in the higher Court canjform some idea when
the matter will be settled.
As regards taking up the iron this side
of Fostoria, the Fostoria Reriew of last
week says it is not so. They have only
gathered up the lose iron scattered along
the road-bcd and taken it to the other end
Of the road.
The Mansfield Liberal, referring to the
statement that the suspension of work upon
the road is only temporary, and will soon
be resumed, says:
Our information is the reverse Of this, anl il
| is from entirely reliable sources. Until the
| suit Of Swan. Rose i Co, Is decided, no work
h tever will be done upon the Coldwater Road
| west of Fostoria. II this suit should be decide
against tie Railroad Company. the work will
be permanently abandoned, and the Pennsylva-
mia Company will Withdraw from it entirely
and permanently. Unless compromise IS ef-
fected, the chances are that yeaIs will elapse
before the suit is decided. II is in the United
States Court, and can be protracted for an in
| definite period Of time. Orr citizens therefore
can Judge for themselves as h the probabilities
of the compl tion Of the Codwaler Road.
\ Mansfield dispatch OF the I'd inst. in
the Cincinnati Gazette contains the follow.
ing with reference to the management Of
the building of this Road:
There will appear Tomorrow IN the Ohio
Liberal, the report If s. b. Sturgis, from tht
committee appointed to investigate the affairs o
the Mansfield, Coldwater aud Lake Michigan
Railroad. The report makes some astounding
! charges and statements. II it is correct the Di
rectors OF the Road have neelessly sunk abou
one million dollars Of the company's stock, and
have cost the company nearly three hundred
| thousand dollars fer their own services for one
year. They are charged with being silent part
ners to the contract for building tbs road, help
ing the contractors to injure the stockholders
1t is charged, also, that the contractors hav,
been overpaid more than one hundred thousant
dollars There are only few OF the thing
charged in the report. II the facts are as sta
ted they are calculate to bring into disreputt
the character for honesty of some Of the best
esteemed citizens Of Ohio and Michigan. Mr.
Sturgis' report is approved by II. c. Hedge
and John q. Chipmau, the other members o
the Committee. A meeting of the Directors will
soon be held to take matters into consideration
The report was made at called meeting Of tn
Board, August 9th.
Ii the information contained i'll the abov
extracts be correct, it is quite evideut tha
there is another opportunity offered 10
more Credit Mobilier investigations.