, 1873-04-07


buying up tho bonds OF tho Company at a Tina
III unpopular stock. Snlarcantious "t1oals gayo
thom possession of tho Lacrosse Noad mud,
trying tho same game on tho Prairio du Chton,
when Myora and eponccr controlled tho roal,
hundred thousands bottor OF ntter tho famous
"cornor' Which jumped itB stock from far DO.
low par to $40.
During this memorable epoch, =. II. Goodrich
managed tho Lacrosse Roatl in way peg, roe,uii",ls
gothor. Tho lattcr oa1no out ahead always. Z:
had tho Inside track, thus: Tho rond was mid
to DO doing q lonlng business, md, from out Its
depleted treasury, tho employees Woro coinfon-
tho ban1t discounted at 15 or 20 por cont OF ttB
faco valuo.
m THIS pn1vEI1ya WAY
Tue Company woasllorod along Until 1805, IN tho
%sagsa g p Of s ysnf t' Aop fe Gfoe aot Is
buy up any August. scrlp,, because tho Company
could not pay tho interest on ita bonds, md
would have to 50 into bankruptcy. Upon tho
oyo Of tho threatened dry OF dls'astor, Alexander
iaod roof. Russoll saBo, tho Now
& York President could procure no more money -.
nodaced to boggary, tho Directors tendoro1 tho
Presidency to hlr. Mitchell whose acceptance
to manngo tho road; for, though knowing well
how to conduct bank successfully ho angely
admitted TINT ho know nothing about running 4
rallroad. SUI IT, II IN! Morril would nss''mo tho
provide for tho interest duo, but would also nut
running order. Accompanying! thiu otIcr wan m
tender Of D handsome Dnlary, Morrill, {yns In n
q1alltlary. Angus Smith, tho milwaukee, oloyh-
tor king, Ind jupt appointed him aonora1 Mnua-
gor Of tito Winona & St.. pctcr Rni1road, at n
salary OF 81, 600 al1, going there oyor tho head
Of Superintendent Nowoll (now President Of tho
r3nT T..l l-.ft 81. - v
Nocoiying tho better offer, tho rorploxod B. s.
II. to1ographcd Angus Smith, then in Now York.
asking to bo released from Lie engagement,
which mas denied him. Nevertheless mr. Morrill,
assumed tho management ho has over snoo so
COMING FROM s,1ssEso4A,
he knew Of tho immoas,,,nblo quantities OF
wheat thoro awaiting transportation. Up to his
accession, tho Milwaukee, t. st. Paul cars hat1
been running empty. Quietly io won't to sorI
a1d arranged for enormous wheat shipmonts.
Tho assurance he gayo wnH lnconio "3oud on
tho wheat, md, when we sottle up, I will maAo
tho rntes satisfactory" It camo In such con-
tinuouB volume as Ind noyor before boon wit
ncasod; and in tho few Remaining months Of
tho year, the road carnod moro thnn during all
tho preceding portion. Tho exhibit was most
gratifying. Prior to thia, tho icadors in tho now
maovolnont had obtained tho chartcr Of tho
Which tito the corporation has sinco been
bought up nn5oritrr' Of tho doprcciated prnirio
ou Ghten Kailroad a5ock, aud, securing control
waukeo 4 st. Paul Company About tho samo
tsn9 u 81 tnoy Ga5t longing oyo upon the Wlnoha q
1T. petor Railroad, but
o,,r ~, a., ,,ort MlLnM a,a1cd =; qqDEhs h ,,.,, ,
lively in tho aamo direction. TiGo ron3 vcs
mainly owned by tho Barnoys, of Nav York.
An engagement with them to dscuEs tl.o .osnls
Of sale was n,ado for noon Of certain aIo.uluy
f1o
ontorprising Vim. 3. made similar appoint
ment for two hours earlier, took tho afternoon
Train for tho metropolis, arrived on Monday
a. m, and closed tho bargain for tho Nortli-
western Company uenrIy an hour before tho ST.
Paul people found they were "sold" This
transfor carried with it tho LACROSSE. Trcm-
pe1cau d Prescott Railroad, 80 mileH, from
Ninonn Junction to Winona,-ovcr which tho
D. raul Company has Hlnce regularly paid toll
to tho Northwestern Company for tho privilege
Of running through trains botwcen Milwaukee
and st. Paul. It wag to avoid this tribute that
tho st. Paul Company 20 strenuous]y laEorcd,
during tho recent session Of tho Wisconsin
Legislature, to eecuro Change Of
Tho Government Engineers nzed the location
within tho city limits. Tho St. Panl noad
wanted it four filcs north, With Q bridge Mt
tlolr desired point, connection would 10 natlo
River Roed, giving thcm IN unbroken route
through to St. Paul.
The old riEalrios 70 grati1ed tho citiaous Of
Wisconsin tlAt their Representative Solons de-
creed, in 1860, that neither Company should
fcnae, operate, or purchase any norton OF tho
railway Of the o:ior, nor bect1nc Interested in
their respective stocks. Not TINT Legislative on
actmenta wero needed to pcrpot,sato tho jen!-
ousioa, for tho geography OF tho lines had t:ndo
them natural rivals: Eyory advantageous move
made BY ono was bitterly opposed or ctock1nated
by tho other. When tho Northwestern Company
ondoavorea to secure tho shore line to 1Tilwau-
kee, IN injunction md obstacles innumornllo
were interposol aud, not until h1r. Mitchell
had received Northwestern influence III tho pas
eago Of particular measure at Madison wag the
lcasa allowed to DO conanmmated.
nEsny Reefs DEATH