New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-06-09
ON CHANGE.
NV ISSUE OF WESTERN UNION BONDS.

NEw ISSUE OF WESTERN UNION BONDS.
The officials of the Canada Southern and
Toledo and Wabash and Western Railroad Company say
that the Indebtedness the latter grows
out OF the balance the freight account and that the
NewYor Central is also Indebted to the Canada South
ern on freight account.
The Western Union Telegraph Company having
engraved =, 100000 OF bonds As msap pre-
hensOn existed the street with respect to the
for which these bonds nntended Mr. Mumford.
Secretary Of the Company. said that in from next
November s4.5OO,OOO OF the Company's bonds would
mature. The forgeries of Western Union
bond certificates lad created uneaslness
among the DondhOlders, and the Company
had ordered the preparation of lot of bonds having
years rum and being for the old bonds
the option OF the holders BY this measure the old
bondhOlders would be protected by ornate. and
complicated bond, and the debt OF the Company
would not be increased dollar.
Alexander Mitchell Russell sage and n. A. Cowdrey,
have left this city Milwaukee, attend the election
for directors OF the Milwaukee aud st. Paul Railroad
Company.
JOHN STEWARDS SUIT AGAINST COMMODORE VAN
DERBMT-AN OLD ERIE CONTROVERSY To BE
REVIVED IN COURT.
Wall-st. is about to have another sensation in
litigation between John steward of Fiftn-ave and
Commodore Vanderbilt, growing out of stock and other
monetary operations wherein the former claims that the
latter indebted him for considerable sum- The suit
has already been begun, the complaint having been
served and the Will probably be ready IN short
time All who are interested the suit have been very
retcent on the subject and have studousy refrained
from mentioning in the hope that 1t would not
creep the newspapers The trouble reported TO
have orr mated in the lannon's VanderDtErie litigation,
when Gould Fisk and Drew away to New-Jersey.
Steward aud Vanderbilt formerly very intimate in
their business relations Steward always regarded
as one OF the pillars OF the Vanderbilt party. During
the Erie fight in question their interests were Identical
and they worked IN harmony, as indeed did all
members OF the "pOo" at that time. Both
the Erie and Vanderbilt people spent enormous
sums of money ut Albany, 1t was gen
erav understood that victory would rest with those
no had the longer purse and displayed more dextery
in usu- rather than with those whose cause was
reported that in the liquidation growing
out adjustment Of these transactions there was
considerable balance which Steward claimed, but
winch Vanderbilt would not allow. Other troubles
decided break IN Jne
Vanderbilt combination, Banker beginning proceed
inps in relation the Lake Shore speculation,
and Steward in tine matter now under CONSIDER
will proDaply be John B. butcher, Abram Van
Vechten and others well known from their attend
during the sessions or the LegslatuIe
A reporteI's Efforts obtain copy OF the complaint
were unsuccessful neither party caring TO furnish ~
while not impdrtlng any details OF the SUIT one O
the attorneys SAID that IL for sum or money anu
bore no relation 10 either Erie or the Gould hsht
The suit IS exciting much interest III speculative
circles where the parties interested stand 50 prominent
A Wag who was acquainted with the circumstances
said The Commodorei Is in bad way; ne has quarreleu
with his banker and now his steward Is sueing nim