The Superior times. [volume] (Superior, Wis.) 1870-1912, 1875-10-28

notified the company and its sureties that
they would be held to the performance of
their contract.
November Ia, 1872, the County Board
levied tax Of twenty-five mills on the
dollar of the assessed valuation of the County
to meet the interest coupons on railroad
bonds due lst Of February and August, 1873.
And November is, 1872 the railroad com
pany made application to the County Board
to extend for one year the time for compile
ton of the road, the company to give up 1878
coupons and County to rescind tax levy.
Mr.. Walbridge was heard by the Board and
Mr.. Setter and others gave the Board their
views. Without acting upon the matter the
Board adjourned to November 10th, when
the Board resolved not to entertain the
proposition nor grant the application, and the
Clerk was instructed to notify the Company
of the fact and that the Board awaited further
action on their part; hearing nothing,
Setter was instructed to commence an action
against the railroad company for the purpose
of resembling the contract and the return of
the Bonds to the County for cancella-
ton
November %, 1878, upon the written opin-
ion of Mr.. Setter the Board rescinded the
resolution of Nov. 18th, levying tax Of %
mills on the dollar Of assessed valuation Of
the County to meet interest coupons of
1873.
February Is, 1873, Mr. D. Geo. Morrison,
the Chairman of the County Board, presented
to the Board paper in writing signed by ii.
S. Walbridge, President of the road, and him
self as Chairman of the County Board, at
Madison, whereby Walbridge agreed for the
purpose of adjusting the obligations of the
railroad company to give up S275, 900 Of the
bonds to be cancelled and the 1878 coupons
on the remaining S75, 900 that he was to
retain, and turn over everything pertaining
to the railroad company to any responsible
company who should during 1878 agree to
complete the road to the Junction by July
lst, 1875, provided his own Company did not
90 to work in the mean time. Morrison
agreed to surrender the County'o $3.50, 900
of Stock in the railroad company, the con-
tract for building the road and the 100000 of
individual bond with Walbridge Bro. & Sargent
sureties; and submitted the draft of an. act
that Morrison was to procure the passage
of Chap PSI, Session Laws 1878, minus
the proviso submitting it TO the vote of the
people, authorizing the County to make such
settlement 4 numerously signed protest
was pre- sented to the Board, and it resolved
that it could not entertain the proposition
submitted
In the mean time, January %, 1878, the
Washburn compromise was effected, which
discontinued the Duluth canal suit in the
Z. S. Supreme Court against Duluth and
the Northern Pacific r. r. Company, and
stipulated that the Northern Pacific Il. H..
Co. was to build branch from the main
line of the l.. S. i III. +. r. across Rice Point
and Connors Point and along the shore of
the Bay of Superior to the Nemadji River,
within eight months from the time when
the right Of way and all the depot grounds
and wharf frontage needed for the present
and future business of the Northern Pacific
r. H., with Tho right TO construct bridge
across the channel between Rice's and Con-
ner's Point, had been obtained.
May 80, 1873, the Superior and st. Croix
r. r. Co. again came before the Board for
an extension Of the time to July |, 1875, for
the completion of the road to the Junction
at Komoko to take effect upon the exccu-
ton of an agreement, Tan outline of which
was presented the Board,) between that
Company and the Northern Pacific, whereby
Walbridge, Bro. & Sargent were to retain
S7j, OO0 of the bonds of Douglas County
with 1878 coupons cut off, transfer their CON
tract for building the road TO the n p. r.
R., Co., and all other right to the Superior
and ST. Croix r. L. Co., and be by the two
companies held harmless from any and all
liabilities on account Of the bond for $500
600 given to the County on which they were
sureties.