New-York tribune., 1874-12-29

induced to prohibit the prosecution OF work
on the railroad bridge, and to cause ali appll-
cation to be made to the District Court fOr
On Injunction. The scheme, however, failed.
The Court refused the injunction; the railroad
company finished its bridge last December;
and az there was no use for a second, the OLD
charter became worthless.
Clayton, Dorsey, Mcclure & Co. now cast
about for a means of extrlcatlng themselves
from their unfortunate enterprise. Hadley
made trip to Eur0De, and in due time an
advertisement appeared in some of the Engllsh
newspapers, in which Messrs. George Burnanu
g. Co. OF No. so LOmbard-st., London, offered
as an extraordinary induccment to investors
f200,000 in the first mortgage seven per cent
bonds of the Little Rock Bridge Company at
87l, the bonds redcemabe in % annual
drawings beginning in 1871. The prospectus
stated that the materials for the piers and sub
structures were nearly ready TO be put down,
and that the bridge was under contract to be
finished the 1st of next October. -Four rail
road companies, according TO this allurlng
document had agreed to use the bridge and
pay rs ceuts per passenger and SO % per car
of freight; three Of them guaranteed min
imum toll of $4,000 per year, and the fourth
would do the same when the road was COM
pletcd; and it was added that two of these
companies last year fcrred across the river
traffic which at the above rates would nave
Welded f93,OOO to the Bridge Company.
We will not go so far a. to say that every
statement in the prospectus was he, but we
give the facts as We have learned them from
unimpcachlble authorities, and the customers
of Mcssis George Burnand d Go. may draw
their own conclusions. There is no founda-
ton for the assertion that dhy income has
been guaranteed to the Bridge Company by
four railroads There axe only three, finished
or unfinished. winch touch Little Rock. The
Iron Mountain road, a. We have seen, has Its
own bridge, and it shares the use OF 1t with
the Memphis aud Little Rock road. The ORly
other railway is the uncompletcd Little Rock
and Fort Smith road, which runs ono mixed
train day. il bankrupt, and is nov. advcr-
tised to he sold under foreclosure of mort
gage 1t is hardly necessary to add that no
signs of the building Of the bridge are per-
ceptible at Little Rock, and that a copy of
the London advertisement, printed IN Chief
Justice Poker Jack Mc('hurcS newspaper, has
been read there with curious sort of interest
We have not heard whether Messrs. Bur
nand g. Co. have sold any Of the bonds, but
Judging from what we know OF the manners
and customs of the English people, we should
say it is very likely they have. Tho credu-
lous capitalists of London run Open-mouthed
after the most transparent Transatlantic dclu-
sions, however wary they may sometimes be
about the swndlers Of their own metropolis
Sharpcrs who would not show their faces in
Wall Street venture upon the money market
of London with the most sublime assurance.
John Bull welcomes with open arms the rogues
whom we have cast out, and when they have
robbed him he cxclaims at the immortality of
"that ID Yankee nation" He has no one
to blame but himself.