The Superior times. [volume] (Superior, Wis.) 1870-1912, 1874-06-13

|
ton on the part of these railroad
corporations on the other, and as a
Wisconsin man | feel
MORTIFIED AND CHAGRINED
and that l am held partially respon-
sible for such untoward things SO
destructive to the best interests OF
the people of my state and my asso-
ciates in this great enterprise.
The question is, what shall we do
in view of the present situation OF
things? We must not stand still
and wait for the second sober
thought of the people to come to our
relief, for that cannot find express
sion until another year. But how
shall we 90 on and secure the con
summation of our grand work? We
must all endeavor to show ourselves
equal to the emergencies which stare
us in the face, and, if possible, over
come them | think we can do this,
and | come now to advise you how
so important a result can be accom-
plished. When | had
ENTIRE AND ABSOLUTE CONTROL
of the affairs of our company, and
through our present honored presi-
dent a subscri ption of two million
dollars had been raised for the pros
ecution of the work under my con-
tract with him, | insisted that not
one dollar Of it should be expended
until committee appointed by the
subscribers had first visited WiscOn-
sin and made an examination of the
projected route and passed upon its
merits. This was done, and with
| favorable results as our present
work, costing six millions of dollars,
will most emphatically show.
Now, how stands the matter :?
We want two or three millions of
dollars to complete our work when
all confidence in Wisconsin railroad
securities is destroyed in the eastern
n, arl.nt, for the rnasnns hafo~n cto-
ted. and how is this to be obtained? :?
IF we could bring here every sub
scriber to our stock and bonds, and
secure from them a personal exam
| ination of the present work and the
vast mines of wealth which are to be
developed by its completion, we all
! feel and know that the result would
! be favorable; but this cannot be
done. What is the next best thing
to be done? | will tell you. | want
some man here to occupy the posi-
ton that up to this time | have oc-
cupied, and which by your vote is
again assigned to me, who is per-
sonally acquainted with all our
stockholders and bondholders, and
in whom they have
THE FULLEST CONFIDENCE,
and that man is my much esteemed
friend Chas. l.. Colby, chip Of the
old block, and perhaps little more
so. And | therefore beg to tender
ny resignation of the Office of vice
president, and nominate Charles l.,
Colby to that position, and upon the
condition, and with the express un-
derstanding that he is to come to
Wisconsin with his family and be-
come incorporated with us. l know
that | am asking him and his accom-
plished wife to make great sacrl-
flee in doing this-that they viii
have to give up the pleasure of
A MOST DELIGHTFUL HOME
near the hub and that he will have
to employ others to take charge Of
his ware houses in New Y ork or sci
his ships and surrender the profits
of his present trade, but he and bis
father andstheir friends have made
a venture in the ship called the Wis
consin Central and | desire that they
see it does not sink. If he comes
here [ have no doubt Of the most
favorable results.
Whatever | or my friends can dc
to strengthen his hands we will do
and if he comes I have no fear of the
results.
Nv sole ambition is to have this
grand enterprise, $50 important t.
the interests Of my state) prove {
success, and | am willing to make
anv and every sacrifice to that end
and if my friend Chas l.. Colby vii
accept my position pledge him tbs
influence of myself and my friends
to his support.
Mr.. President, | resign my Office
of vice president Of this company