The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-05-13

The rupture in the Milwaukee & st.
Paul Railway Company, already mention.
ed in the DISPATCH, is causing considera-
bic excitement in railroad circles. The
origin Of the differences, it appears, have
not been of recent date, although recent
events have brought them to a climax.
The New York Tribune, reviewing the
situation, says: According to the state-
ments Of the adherents of Russell Sage,
the principle cause Of trouble grows out
Of dissensions caused by the discovery
that some Of the persons attached to the
Company had been discovered in specula-
tons in lumber in connection with their
relations to the Company. While nothing
actually wrong had been discovered, the
secrecy surrounding the transactions was
suspicious, and Russell Sage had COM
planned Of the matter. The friends Of
Mitchell said that operations on the part
Of Russell Sage in puts calls spreads
and 'straddles' were injuring the charac-
ter and credit Of the road, and as they
could not stop such operations they were
determined to cut off his connection with
the Company
The annual election of the company is
| to be held on June 18th, and the dissen-
sions of the directors have reached such
| point as to preclude, it is believed, the
possibility Of continuance Of the pres
ent Board as whole. 1t is the expressed
intention of the Mitchell party to de-
pose Russell Sage and also N. A. Cow
ORGY, who is known as a warm personal
friend of the former.
Mr.. Mitchell is now in New York per.
sonally experimenting his side of the
fight, and asserts his perfect confidence
that the stockholders will compel the
resignation of Mr.. Sage, proceed
ing that Mr.. Sage himself acknowl-
edges as probable. Of his connection
with the Office Of Vice President, Mr..
Sage says he had intended to retire fl ON
the Vice Presidency, and had so stated
sir months ago. In twelve years he had
not been absent from his duties as Vice
President seven days. He was now the
largest proprietor and creditor Of the
road, holding more than 81, OOO, 900 of its
stock and bonds. The charge that he
dealt in stocks and bonds was true, and
he did not intend to give up this BUSH
! ness.
So far the Mitchell party have decided
| ~ the best Of the fight, and but little
doubt is felt in the best informed circles
that his interest will win. The fight will
eliminate in the election Of the 18th
proximo. The present board consists Of
Alexander Mitchell and S. S. Merrill of
Milwaukee; Russell Sage, Julius Wads-
worth, N. A. Cowdrey, James G. Garner,
Levi P. Morton, H. S. Taylor, Walter S..
Gurnec, James Buell. and E. L. Frank Of
New York; Selah Chamberlain Of Clevc-
land, Ohio; and F. A. Mueller of Rotter-
dam, Holland.
kEoKUK, IOWA CITY AND ST. PAUL.
The annual meeting Of the Keokuk,
Iowa City & St. Paul railroad company.
was held at Washington, lows, on the 9th.
Additional Importance attaches to this
meeting from the fact that the
has recently passed into the
hands of Mr.. Stone, Of Cleveland, O.,
who proposes to complete the former line
if satisfactory arrangements can be per-
fected. The grading Of the Keokuk,
Iowa City, and st. Paul road between
Keokuk and lows City has been done for
several years. and the bonds for iron have
been in the London market for . year
past, but rs yet the company have re-
ceived no returns. The completion OF
this link would give St. Paul
another through line to St. Louis running
through rich. productive country, and
the decision Of the meeting At Washing.
ton, Iowa, will be watched with consider.
able interest as indicating to some cxtect
the feeling Of capitalists in the extension
Of Western railroad enterprises.
LAKE PEPM AND OMAHA RAlDRoAD.
The new impetus given to the prospects
| Of the proposed Lake Pepin & Omaha
railroad, from the probable connection
with It's fortunes Of Mr.. O. H. P. Cornell,
Of New York. shows no signs Of abating.
i While the people along the line between
WAbashaw and Austin, over which Mr..
Cornell has already passed and personal
4 " examined is feasibility and prospects,
are moving to meet his designs, he Las
i received such ASSURANCES from eastern
parties who propose to become interested
in the construction Of the road, as en-
ables him to say that il the towns inter-
ested do their part be is ready to do his.
In the meantime Mr.. Cornell is visiting
the principal towns Of the Chippewa
Valley, to ascertain the sentiment Of the
people in reference to the extension 81
the road from Wabasha eastward,
through that section, and ultimately
thence on to Lake Superior It Bayfield,.
Several consultations have been held with
leading bushes men, Ill Of whom were
free IN the opinion that the aid asked foI
should NOT Stand IN TIE way Of the con
I struction Of this important outlet for thu
great lumber interests Of that section.
4 A Paris telegram announces the dealt
|. Or Jean Frederic De Waldeck. artist ant
traveler, = the extraordinary age Of III
years.