, 1873-12-30
A Strong Indictment Against the
Officers Of the Company.
Fraudulent Mortgage. a Coal Mine
Credit Mohiiier, and Illegal Diver
sion Of Earnings.
The Cedar Rapids &: St. Louis Road
Sold ut Shorif's Bale.
Other RAilr0nd Mnttery,

Tho Indianapolis, bloomington &
Western nnl the Lafayette, xr10ull,-
fea1tOik Il 1IiAntHSippi 1eMilrO1lal In.
vcStiunttons--Tlae Directors OF tho
Former Compuny Charged with
Running Their IeUhtt in tho interest
ut Ccrtnin Coal 1TtIlcH.
sweidi Hisua'ch to Tho Chica0o Iy,b,at.
BLooN;aaroS, ILL.,, Dec. 29.-lor time past
there have boon ruulors atloat tllat investigation
Into tho airairH Of tl1c Indianapolis Bloomington
Il Western anil the Lafayette, Bloomington Il
Mississippi Railroads would .iiscloBe tie fact
that those roads, like tho Gilman, Clinton L.
springfield, haze boen managed in s,tcl, II man
ner ns to ieopardzc tho rights aud interests Of
tito stockholders in townships that have taken
stock III tho roads. Tl.cAo ramors hayo
resulted iu cali for special town
moeting to tako tho nescossary stops
for au investigation Of tile unairs
Of tho roads, which will be held In the Court
House at Bloomington Jun. 1O ncxt. The fol-
lowing arc the claims made by thoxe who toBir0
investigation into the I. B. Il W, md Which
they beIievo can bo subatantiated: That tho
cons Of the road rs reported by the Company,
9a5, 600 per mile. IL too high; that tile Snporvi
nors and bona titlo stockholders comploiil TINT
the second mortgage of 81 1.50O,00 on tho road is
fraudulent. aud ought to be cancelled; that tho
President and Directors Of tho road nre owners
III luEEG GULL NllIlEH Ul LILO ltuD u lliQ IDuA,--
Moss Bunk, Dunviilc; Hope Mine, polin, and
Wesley City afinc, near Peoria; thut they have
entered into q contract with themselves for tho
transportation Of coal from these n1inos at prices
diandvantagooua to the interests of tho road,
anid contract being similar to tho barclay coal
contracts OIL tho Gilman, Clinton Il Springfield
1'aflrond; that Directors have ieHun1 to tlcnl-
solves, without consideration, betwcen $4,000,-
Qio and 96.ooD,0o of Htock, thus onabliDg tlion,
to p9rpetuata their. power; that the earnings OF
n a In may
ployes, huve boon porvortcd to the payment Of
interest On this fraudulent mortgage caal
contractg, and building OF q branch road
from urbana to HAVANA, all enterprise
Ill which tho stockholders Of alcLenn
County hayo ITO interest. engaged in. by the Dl.
rcctorB without consultation with tho bona fiGo
stockholders, aud against their interest aud pro-
test; TINT = majority Of tho Board Of Directors
aro nos residents OF Illinois; that tue Directors
residing in Illinois are nero figure heads, on
truly ignored by tho Company III tho manage
mellt OF the business. It also cluimed that tho
present management intend to turn tho roatl
over to d Iiecelyer Of their own choosing, and
soil out, and in this way wipe out the Illinois
stock.
Tho above il Il strong indictment, and, II
one-lalf can bo substantiatel, will make
caso that the courts would uudoubs-
ctl]y consider justification for taking charge
of the r0nd. On the other hund it III elain,ed by
the Company that it il willing to mant tho most
rigid examination, and cau show Glenn record.
\ special town moatiag Of tho people Of Snntn
| Anna Township. DeWitt County, will be hold at
lcnn'a Hail. in Farmer City, a. . o'clock n. Ill.,,
Jan. 6, 1or tho purpose Of considering tho OK.
potltelcy Of enjoiniug tic collection of tho tas
for tho payment Of tho interest on tho $50, ,00t
| worth Of bonds issued by tllat township in ait
OF the construction Of tile indianapolis, Bloom
ington l. Western Railroad, aud to talse the ucc
easary steps therefor.
! Sfaeriff's Sale 0f the Cedar ItilpidA &
Vt. Louis Observation-Disclosures Made
Oil tsle Nzuscntinc Western IsMilrontl
Special Dispateh ia Ihe Chicago Tribune.
DAVENPORT, IT,, Dec. 29.-rhe Cedar Rapilt
& st. Louis 1laiIroad from Ottumwa to sigo,,r.
ney, has been sold by the Sheriff to John s.
Wolf. It con,priaes tho road-l,ed. nourly COM
plctcd, with considerable bridging done, and the
| depot grounds in Ottunawa; .4lso, the right OF
way, and all tho franchises Of the Company. 1t
VAS sold Oh q judgment il. Atr. VOLTS favor for
ahout %20,000, MIA for winch amount lie bid
it in.
Track-laying OIL the aIuHcn.ine Western Rail-
rond was completed to Riverside. 80 miles
wcst OF hluseatino, on Saturday morning. Trains
commenced rllnning to that pout to-day. Tho
completion Of t!ls important enterprise is of
grect nonont to aflisGatiuB. Tho road now tops
the rich valley Of the English River, and opens
up O new Mar;et for Muhcatiuo trade. Tho
Muscatino Western IL graded six miles beyond
Riverside. Track-lnying has coasol for the
season.