The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-07-07
ooking to the completion Of the Western diyi-


sion. This much properly secured, the suit
instituted on the part Of the State was to be
withdrawn. With this was to come a material
appreciation OF the bonds that should enable
the twain to satisfactorily unload. Warmoth
held sixty blank shares of Herald stock as col
lateral security for money loaned. Governor
Kellogg agreed to Warmoth's proposal upon
condition that the sixty shares in blank OF the
Herald hypOthecated stock should be sold
him. Warmoth consented, and, unknown to
any OF its members. the Herdtd Company was
thus virtually transferred to the very man
upon whom its organ was waging bitter, re-
lentless war. He had but to wait a call
upon its stockholders to show his hand. 1t
was important to wait for time, also, iii view
Of the possible and hoped-for opportunity Of
killing two BIRDS. e., the Herald and the
Picnyna,e-with a single stone.
There was also the matter of the Chatta-
nooga Railroad bonds, too, to be properly dis
posed of in advance, which turned out per-
feet failure, the stockholders in New York OBJ
stinately refusing under any circumstances to
invest another dollar in the present condition
and management Of its affairs. In the nego-
tiations relating to the suit on the part of the
State for forfeiture Of the Companys charter
Kellogg allowed himself to be drawn into an
awkward and compromising position. As If
" hUu W tuc AOWCNCA, VaAAOCA JOAAOsA
hands with the stockholders as their recognized
leader in the campaign at Washington, look
ing to the overthrow Of the Kellogg Govern
ment This was more than the Governor
patience could stand. The walls of his accu-
INFLATED wrath for the time boiled over. He
swore at a fearful rate. His threats of ven
geance were heralded far and wide by the As
ISOLATED Press. They took the form Of pro-
posed requisition, upon some vaguely limited
charge of a serious nature, for Warmoth's ar
rest The matter, however, was allowed to
blow over. In his negotiations the Governor
at least had obtained his coveted hold upon
an obnoxious press. This much, come what
might, he did not propose to let slip. The
opportunity to show his hand soon came.
THE '.P1CAYuNE" vs. THE " HERALD
The Picay,ae had long been in an embar-
raised condition. An association Of merchants
had purchased the journal from its original
proprietor, Mr.. Holbrook. AS might have
been expected, with as much diversity Of opin-
ions as there was OF trades represented ia its
management the enterprise proved far from
a success The Herald Company had for
some time proposed to become the pur-
chaser, and it was for this that Kellogg
waited At last the Plcay,ne was sold
by the Sheriff under execution. 1t was
bid in III due form by the Herald.
The necessary pfehmlnaf1eS arranged, ana the
Herald Company We're duly installed in posses
sion. To those in control Of the editorial col
umns, at least, it was evidently proud and
suspicious day. The old Journal the Herald
as having fully accomplished its mission, was
buried in state. In assuming control Of the
Picay,me, the editors were proud to congratu-
late the public and themselves on their sue
cess under its new management. it was to be
all that could be desired as the journal OF the
people. 1t was to wage a bitter relentless war
upon all tyrants and usurpers in general, and
the present Administration in particular.
The voice was still for a moment. Then
the public beheld the editors literally thrust
out of the doors, and the old men OF the Pica-
y,tne reinstated under the management Of Mr..
Ho!brank. ,J.ittle 4hy Is tb@ asGti efana
iding at the White House, on the Pamunky. fo
out eighteen miles by land from West Point. fc
+. Lee, another son of Gen. r. E. Lee, is hi
o a farmer near West Point having about re
r Thousand acres and Gen. John A. Cook. al
! Of Philip st. George Cook, Of the United til
ties army, and brother-in-law of the late d.
+. Z. Stewart, is another farmer in large tn
= IN that section .Aleramiria Gazette til