New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-04
FINANCIAL TOPICS.

MILWAUKEE AND ST. PAUL DIssENSlONS.
AK EFFORT TO DusPIACs RUSSELL SAGE FROM
Tgy vrcF-PRFstDENCY-C or Tiir pIssAr-
IsrACrIoN Ia THE COMPANY.
Wall-st. discussion has been eniYencd dur
,oc the rlst few days b. comments on certain troubles -
the Cbicco Milwaukee aud ~. PAM RailrOad Company
Those iiiioults have eliminated in an open rupture
between President Alexander Mitchell and NlceFItsl
dent Russell Sage The Orgin Of the diercn e. has not
been III recent date, although recent events haVo
brought thom 10 climax. According II the
statements Of the adhCronis Of Russell the pnci
pal csns trouble out Of dissensOns caused 10y
the discovery that OF tho persons attached /" n"
Company rad boon discovered In spccuhtions III VhoF
in connection with tIe.r relations to the COMPANY
While nothing actually wrong had been discovered the
secrecy surrounding tho transactions was sus
pteious and Russell sage hal complained OF
the matter. Tho friends OF Mitchell said that
Operations on the part Of Tnsscn Sage IN fut''
"caus" spreads" and straddcs, were nDurihs 'ho
character and credit OF the road and az they could not
sop .ch operations they determined to cut Of HE
connection with the Company. lhe annual election OF
the Company "a re held June IL. and the disension
OF tho directors reached such point ~ TO preclude
tho continuation Office OF the present Board "a whole
The Mitchell party sent out the following circular 70
stockholders ard bcndhoders. accompanied BY proxies
to be defeating The Sage interest ana GS'aahs
complete Mitchell board
We in yit you 10 s and return the inc!csed authority
10 vote for YOU annual meeting OF the sloc kdei
OF th- Company held At Milwaukee on the l2tn OF
jun nest w are in favor OF accepting the law Of
which inclOse copy. aud SHALL II tmpON ele, VOC
on your shares in accordance with this view. uniess
Otherwise instructed Among other contemplated re
forms. i intended thai tue office In An1 6e
under that Will have no interest ~ Tue S'oeA
market inconsistent with that OF tie shareholders
This Slrcuiar signed by Alexander Mitchell Presi'
dent OF the Company and John T. Williams. President
OF the Metropolitan National Bank OF ills city and the
signatures Of the following directors stockholders and
bondholdcrs affixed showing their concurrence and
approval:
Directors W g. GCrnec. Julius Wordsworth r. l..
Frgng II. Crocker stockholders and londholders-
ward Campbell e. Co.. Wm. John O'Bnen, White
weston q DesiIlier Jesse soyt. David Dows ammann
4 Co. White, Morris o., Baldwin kimDaIl, It"tsT'
BayaTl Armour, PiaDkint0n Co., Talcot ~ SONS Eu-
gard len. Clark. Dodge " Co. h0!RAten o. James
g. Gsrner, VIM Bryce ~ Co. II. 1, iSIon o.; 80 at
torDcys. Gcddes s Reid.
Tho present Board consst Of Alexander Mitchell ana
= Merrill OF Milwaukee; Russell Sage julius "ads
worth n \. COvirey. James q. Garner Levi T. Morton
II. 4 Taylor. Walter 4. GuTnce James Buell., ana T. L.
frank of Nex-york; selah Chamberlain OF Cleveland
Ohio and T. A. Mueller OF Rotterdam, Holland 1t Is the
expressed intention Of the Mitchell purity To deose Rus
sell Sage aud also n A. COwCrey who occupies part OF
MT sage's O6ce No % Wuliam-st, and Is generally
known IA bis warm personal friend amt ccnfidant.
Nj SAGE, whrn applied TO yesterday for iLfor mAtioh
SAID that that there were differences in the
Board growing OF the pursued by President
Mitchell Ia various matters. md these differences
would probably result In his own retirement from
tho Board He had intended To retire from the
Viee-Presidcncy. and hid go stated SIX months
axn In twelve years he had not been absent
fuIn h,s duties "a Vice President seven days Mr Sage
states that ne now che largest proprietor and creditor
OF the Chicago Mw Guee and st Paul Railroad holding
more than S 100000 o. its stock and bonds Charges
had ocen made hat he dealt in stock privileges Those
charges true. He did net intend to give up this
business az Mitchell had Lila banking business and
his Congressional duties to attend to- and was absent
for considerable periods from his railroad
cutses He did not think any could
DO selected who would fill the Office Of Vice President
attention to the trne interests 81 the company
than himself Fo hoped that good would BE- selected
Ill all tho offices, as it great road winch uS re-
auired COED mana enent Ia BECAME still greater
Alexander Mitchell. who was or BrOadst. YESTERDAY
said that t.l stockholders intended TO mako change
and compel Mr. Sage retire from the managemcn 0t
the Com any. He lid not appr0Fe OF the New l0rB ONCE
of the Company being turned into establishments Tor
tie sac ef puts and calls" Mr. Sage would Dt com
pced 70 retire. and the real Reasons would NC tou III