Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1875-07-17
OUR RAILROAD PROS
PECTS.


past rumors have been in circulation in
reference to the early completion of, the
Jackson, Lansing & Saginaw railroad. but
nothing definite could be learned
concerning it. The late election of di-
rectors of the Michigan Central railroad
in Detroit, at which the regular ticket,
which was the old board, with one ex-
ception, was reelected without opposi-
ton, would indicate that the rumors
might not be without foundation.
Its probably fresh in the minds of all
who are interested in the early compile
ton of the road, that last year strong
effort Was made by some of the Boston
-steekhold.rs of this road to effect a
change - manage. .ert. upon the
ground that - mast money 'fau been eyZ
pended upon the co.'s -stion OF hr.-ssch
roads thai # tookmo:e than the prolss
of the main line to pay for them, and
keep up their running expenses, which
resulted in the non-payment of dividends.
James F. Joy, the President of the road,
was the champion of the extension, and
towards himswere the efforts of the dis
satisfied directed. They seemed to for
get the fact that although these branches
i'll themselves did not pay, that without
them as feeders. the main line might not
pay. What they failed to do in the Cen
trail road, they succeeded upon the Chi
cago, Burlington & Quincy railroad, a
road controlled by the same manage
ment, and Mr.. Joy was ousted from his
position as a director. However, the
fight upon this question, together with
the panic, had the effect to suspend all
building operations, and to make
change in the general SUPPLEMENTARY of
the road as well as other changes, look
ing towards economy and retrench-
ment.' "a
Thus matters have stood for the past
year. The opinion was held by those
best informed upon railroad matters that
the same influence that procured Mr..
joys retirement from the Chicago, Bur-
lington & Quincy railroad, would possess
power enough to effect the same result
in the Michigan Central. This opinion
seemed to be shared by Mr.. Joy himself,
for some months since he announced his
intention of retiring from the Presidency
of the road at the end of the year. This
intention he rehounced short time ago,
and the election took place in Detroit
last week with the result above stated,
and Mr.. Joy will undoubtedly be re-
elected to the Presidency of the road at
the meeting of the directors in Boston
next week.
We cannot but think that this will ma
terially improve our railroad prospects,
for we do not believe that Mr.. Joy has
changed his long-standing views upon
the subject of the resources of Northern
Michigan, and the necessity and event.
nal profitableness of extending railroad
facilities into this country. There being
no independent ticket proposed would
indicate that the opposition to Mr.. Joy
upon this subject had been abandoned.
These facts lend a color of truth to the
reports that have been rife, and proba-
bility Of correctness to the following
item which appeared i'm the Detroit Tri-
bune of the 9Th inst:
Later information confirms the previous reports
that the jackson, Lansing Saginaw railroad is to
be Immediately pushed through to Mackinaw, and
that road is also to be united with the Detroit Il
Bay City railroad (now known The Bay City d.
yi-ion of the Central ralroad,, and that when tie
conso idati N is consummated, the united lines will
be styled the Mackinw division. Mr.. T. B. Sar-
gent will be general superintendent of the road, and
his headquarters viii be at Bay City.
We do not believe IN raising the hopes
Of our citizens, only to have them fall to
the ground again, but taking all the
above facts into consideration the report
does not seem improbable. We shall en-
deayor to lay before our readers all the
facts in the case, and the prospects as
they are developei.
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