Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1873-05-09

AS yONAS tOANuOtOA III
reply, but gave vigorous pull upon
the bell-rope. AS the train checked
its speed, and the father saw he was
about to be treated like other pas
sengers, and was really liable to be
set down beside the track midway
between stations, he pulled out his
wallet and paid his fare. This
little episode gave him new in
sight into his sons character, and
he forthwith commenced casting
about for some business occupation
for him. The two while on west
ern trip came to Dubuque and the
father purchased the elevator for
the son and gave his check for the
requisite amount to carry on the
business. But in connection with
the purchase was another trans
action, in which Mr.. Richmond and
the Dubuque and Sioux City Rail-
way were the parties. The cor
pora-ion was new and anxious to
sell Its bonds. In consideration of
his purchasing 100000 of the
bonds of the company at $l.o24
the railway contracted to send all
through grain passing over their
line into the elevator and to pay
one cent per bushel for the privilege.
The contract was good one for the
elevator, and by its terms was to
continue in force for fifteen years
from August %, 1860. 1t was also
advantageous to the railway, for the
seeming endorsement of their road
by Mr.. Richmond in his purchase
of their securities above par enabled
them to sell all their bonds in New
York at high figure. Until the
leasing of the Dubuque and Sioux
City Railway by the III. Central in
1867, the contract had been care
fully observed by the parties max
ing it. But after the first few eeks
from the advent of the new manage
ment no attention was paid to the
contract, and the grain from over
the Dubuque and Sioux City line
was transferred across the river
without passing through the cleya-
tor. The business of Richmond
and Jackson was damaged, was, in
fact, destroyed, for this was the only
source from which they could ex-
pect or obtain patronage. They
were, and have been at all times,
ready and willing to perform their
part OF the agreement, and hence it
is that the elevator Is kept in a con-
dition to start ut moments notice.
On several occasions the Illinois
Central has switched cars off at the
elevator with the expectation and
hope that it might not be found in
running order, so that the proprie-
tors might be charged with a viola
ton of their part of the contract,
but to no purpose All efforts to
compromise the differences between
the parties have failed. The cleva-
tor firm have brought several suits
against the Illinois Central for
breach of contract, and have re-
covered judgments in all the actions
which have been tried The first
judgment for $4,000 the railroad
company paid; the second Judgment
for $4,000 they appealed; and the
third suit for 100000 has not yet
been tried. The attorneys for Rich
mond and jackson, the plaintiffs,
are confident of ultimately obtain
ing decisions in their favor in all
these cases, and Of collecting the
amounts recovered. The contract
will not expire until 1875; and in
the future, as in the past, they will
claim one cent upon every bushel of
grain passing through from the
line Of the Dubuque & Sioux City
Railroad.