, 1873-07-11
RAILROAD NEWS,

oi LILO 1he!Ae M3'l o!eaHlanlp company.
RAILROAD NEWS.
Important Suit against the 6;iamnn~
Clinton dc Springfield Reonti--ksnii-
why NIccttnEH--OlIaer Intelligence.
Sptctat Dispatch to The Chicago Tribune.
SPRINGFIELD, Ill.,, July 10.-At tho ANIMAL
meeting Of Tho stockholders Of the Gilman.
Clinton & Springfield Railroad Company, held
here to-day, Tho following Directors wero chosen:
John 4. Chestnut, John I. Stewart, John Will.
is:a., George N. Ilach, 3. II. Melvin. g. Fl.
Metre, ". Fuller, Ellas Wenger, s. L. Budlcr;
4. j.. autlrio. and \. II. Marquis. Tlo 9iliGers 81
Vico President; Joseph Lano, Secretary; aud
q. N. Black, Troasurer. Thls wax the o1tont Of
tho business transacted. The President waa
eivon authority TO employ aoucrai blauagor
loase to the Pennsylvania Railroad dId nor
occupy much time, as il was discovered tint,
notwithstanding tho injunction granted by
Judge Tipton. that tllis could not bo done undsr
ing Of oil tue etockhodors, and this could no.
bo obtained. Tloro woro l4l32 shares Of atoca
only represented in the n,coting out Of the 49,.
0oo ISSUED. Mr.. Kcllcy, who illod the bill and
Ing, but did not voto. He says ho brought
for tho stock subscriptions and donations which
woro given to build tie road before it PASSED
into tho hands Of tho pennsylvania Company, aa
will bo praBBcd now to secure the appoint
nacnt Of a Receiver for tho road, md possibly t.
the oxtont of tho bankruptcy Of tho Company
He alleges that the &c Company Owes big son;n' i
ing the road, which il still Unpaid, and for some
reason the Darclay Coal Atipo Company have
very advantageous contract for the shipment
Of coal over the road, and ho has bean invosti-
TINA of Ionfr 1%4E
others with this Company, aud thinks ho will
ba ablo to show TINT there liz good reason fo1
suspecting thoir connection with it. There Is
also sort Of Credit A[oblier charged to have
is engaged in securing evidence to connect tho
officers Of the road with the Morgan Improve
mcnt Company, tie =, contractors that
sn a oaponv hs roa 5dsv ii The tho o1S1s siscaooe oe
in in pAb}H tho b}n a'lf lied and i'd ds pu5ished,
and say TINT Mr.. Kelley Las only two shares,
representing $40, instead Of tho Icon, 900 ha
claims, and believe that the suit is Instituted in
tho intoroAt of a rival railrond company, prob
ably the Illinois Central that the contract with
tho Pennsylvania Central Railroad was good
one, and would have Increased tho Importance Of
tho limo and afforded moro and better advantages
to the people, along it. The injunction waa
but they had abandoned tho intention Of the
leaso before the bill WIS filed, for tho roason
heretofore stated, that without tho writton con-
sent of Ill tho stockholders they could not lease.
Lafer,-Tho officers Of the Company are in
po8Hossiou Of q release from L. Brown. signod
and acknowledged. whereby he rolcases them
from any aud all claims for work dono on tho
line and ~ far us each OF the allegations mado
by Kelley hayo boen tried, they havo thus
high charactor and it is believed that their acts
| will boar the closest scrutiny, md DO found to
be strictly in accord with justice and right. They
are anxious to havo the morris Of the suit tried
| aud settled.
Suvrfal Dfsrateh to The Chicago Tribune.
DEshlo1EEs, July l0.--By agreement tic exc
cution issued for tho aalo of tho Dosaloinus VAL
| 10y Railroad has been withdrawn, on condition
| OF S10,0 900 Of lie net monthly earnings OF tho
| road. The first payment was mado Oh Monday
| last.
| DETROIT, July 10.--Tlo ontiro line Of tho De-
troit & Bay City Itai!road has just been finished.
| and tho running Of regular trains between the
| two points name!i is announced for July 20.
| NEW YoRK, July lo.-A meeting Of the new
| III called for Wednesday noxt. There was not q
| quorum at tho meeting to-day.
The Mt1il bays Col. Thomas 4. Scott sailed
| from Philadelphia to-day: Flo gocs to Enropo
| with tho purpose Of settling tho French claims
| against tho Fl paso Company, aud ut the Bame
| to vindicato Gen. Fremont, the former official
| representative Of TINT Company. Scott will
| rotuyn about the 10tll of October.
CLEVELAND, O., July 10.-Tlle annual meeting
| Of tho Luke Shore & Tnscarawas Valley nnilroaJ
| WAS held in this city yesterday. The following
Directors were elected without opposition: v.
z, Card, Il. L. Cha.nbornin, JemoB Mason, II.
| J.. Cnilen, and Il. B. Dennis, Of Cleveland; Au-
guBtus Sctlell and Haryoy 4. Kent, New York,
and Clemont Russell. Massillon. O.. Tho
following officers wore elected for the Oh
suing year: President, ". S: stroator: Ircaa-
uror, A. s. Gorllam; Secretary, William H.
Grout; General Superintendent ". W Gard.
The gross earnings Of tlo road to May 81, 1873,
were 3l23, 3,022, and tho aggregate transportation
disbursomcnts, $50, 763. The road was opened
for business Jan. l. 1873. Tho report is consid-
ercd worry favorable, considering that the road ia
| new and its resources undoyolopoa. 1t is pro-
| posed to add considerable amount OF rolling
| stock during tho coming year.
| ST. LOUIS, July 1O.--A special from Lawrence,
Kansas, dated tho 8th, aud incorporated III IN
Associated Preas dispatch at Chicago yesterday.
stating that half milo of tho Missouri Pacific
lsaroad was washod into the Missouri River
/ near kickapoo on TueRday night, was greatly
exaggerated. Only 500 feet Of track were
washed out, and communication WIS restored in
ton hours by cutting Into tie bluff and building
| 8 new track.
IsprAsApo11s July 1o.-At moeting of tho
Directors OF the Indianapolis, Cinelnnati 4
Lafayette Railroad Company to-day, Mr. Will
lam 4. Booth and John s. Konnedy, Of Now
| York Thonlas u. Perkins. OF Boston; Con. J.
| II. Batea, OF CINCINNATI ana Gon. LeoIHa II.
Chapman, OF Indianapolis. were. present. Il
was voted to accept the transfer OF tho railroad
from tho Receivers. pursuant to tho order Of the
| Circuit Court Of the United States; Mr..
place OF Joseph J. Butler, deceased.
| A1r. ". A. Booth resigned the Presidency, and
Alr. n. Z. Ingalls, was elected President. The
| organization was completed by o!eoting John s.
Kennedy Vico-president, Charles II. Booth Sec.
rotary, and Z. F. Osborn Treasurer. It wat
voted that al porsons holding positions with tbs
Company by tho appointment Of tho llocelvers bs
continued in Office.