The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-15

from 'a Hs SALE for the purposes
oAToxGo. DANvILLE ASD yIycENNEs RAILROAD
JAMES D. FISH sy VI D. JUDsoN. President
AMER The issue Of the mortgage ordered, as above
stated, upon the Indiana branch on the 2ith day q
made and G e s es s II chcao Wa
vincennss Railroad Company known as n "spp pis
cennes Railroad Company" including both ihnois
ecued the previous mortgages or deeds and be
came trustees hereunder executed this morigage or
Messrs. Fosdlck and Fish but your committee have no
information that any bonds were secured BY me same
ana on refer 70 II for the extraordinary provision
srhe forcSonG grants ccnvevances and covenants in
this ndenture contained are made ana encred INTO BY
pany party OF the drst part hereto upon the express
understanding. agreement and condition that. in case
or assigns shall deem Pa'' necessary o. GesiTa,
q an Increase rac d the sand railroad issue and
M b p bon 81 9 n my
the purchase additional rolling stock AMI equipment
Is successor; assisas the i%D5oys%9shIn q
cennes Railroad COMPANY. its successo or assigns,
ps
property Of said company hcreinbeiore mentioned and
described and that such moriCaee when So made ana
upon all roads and properly 70 and having
precedence q the liens herenbcorc provided for by this
After ne above agreement vas made a between the
14h o. June sS crs ar was lSsned ssned ny Y: o,c
which we extract the folio wing =
"his division Of the road commenced last year,
aud track laying begun The remainder of the iron has
been bought and is the way. and has been paid
tor in cash, and contracts nave been signed for the
completion of the larger part OF the division In ninety
days Under hsr tn eomhny aavs tne 70
coal fields distance Of seventy miles, or with neces-
sary branches OF little more than eighty miles he
(Which il probably will be a. early day), will he
$bOO0O bu the issue Is restricted by special contract
between the company and us trustees 70 S6 oOO per me
OF finished ROAD ana the necessary equipment .
with grade 10 exceed twenty six ieet TO the mile
The paidup capital OF the company Is 81 800 600
and the principal Sholders have agreed to take and
Tor such further amount al par NAV be necessary
OF SIS $40 per mile TO furnish and equiD Indiana
vision OF the road There is separation OF the capital
stock between the two clyls ons OF the road.
"ihe company has floating uebt ana, its princi
pal stockholders gentlemen OF large wealth, 1T has
ample means in hand TO do all 1t undertakes
THE SINKING FUND.
The mortgages OF both divisions OF the roads provide
that Sinking Fund Commssi shall be aDpon ed by
TO commence to be paid 10 such
the lsrof April 1871 and that of the Indiana division
on the lst OF April 1870 me committee applied TO the
the appointment OF such Commissioners for the sinking
iund OF the Illinois division anu was niorMed BY him
not for the year ending March 81 1874 any
surplus earnings from that division after payment Of
INTEREST,", to apply 10 such sinking fund.
IL appears thar there Is a sheldon Branch. an In
diana Block Coal Company, Wabash CoalCompany,
ami an lnterminabe correspondence IN regard 10
rewritten books, irau iulent letters, &C., all OF
which ventilated to the fullest degree yester-
statements oil Mr.. Walker (ol COUNSEL, Chi
cago the meeting adjourned with the understand
ing that a committee or seven was TO be appoin ed
by the chairman, Mr.. benson. ana announced
through tine puDc press, such committee to carry
out the bondholders' wishes in regard 10 imme-