The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1875-05-14

TON, M'NNEso soTA,zF FRI
Minnesota and Iewa Ratlreads,
The rupture in the Milwaukee T. 81
Paul Railway Company, already mention
" ed in this paper, is causing considers
, BILE excitement in railroad circles. Tn
origin of the differences, it appears, hay
, not been of recent date, although recen
; events have brought them to : climax
: situation, says: "According to the state
! ments Of the adherents of Russell Sage
the principle cause Of trouble grows ou
Of dissensions caused by the discover,
that some Of the persons attached to tn,
Company had been discovered in specula
tions in lumber in connection with thei]
relations to the Company. While nothin,
actually wrong had been discovered, tht
secrecy surrounding the transactions was
suspicious, and Russell Ssge had com
planned Of the matter. The friends o.
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 thew
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
q point as to preclude, it is believed, the
possibility Of continuance of the pres
ent Board Is whole. It is the expressed
intention Of the Mitchell party to de.
pose Russell Sage and also N. A. Cow
drey, who is known as q 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, a proceed
ing that Mr.. Sage himself scknowl.
edges as probable. OF his connection
with the Office Of Vice President, MIR.
Sage says he had intended to retire Fl ON
the Vice Presidency, and had so stated
SIX 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, ,000, 600 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 busi-
ness.
So far the Mitchell party have decided
ly the best Of the fight, and but little
doubt is felt in the best informed circles
that his interest will win. The fight will
culminate 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 Cleve.
land, Ohio and F. A. Mueller of Rotter-
dam, Holland.
LAKE PEPIN AND OMAHA RAlDR0AD.
The new impetus given to the prospects
of the proposed Lake Pepin & Omaha
railroad, from the probable connection
with its fortunes of Mr.. o. H. P. Cornell,
Of New York, shows no signs Of abating.
While the people along the line between
Wabashaw and Austin, over which. Mr..
Cornell has already passed and PERSONAL
~ examined its feasibility and prospects,
are moving to meet his designs, he has
received such assurances from eastern
parties who propose to become interested
in the construction of the road, as en-
ables him to say that if the towns inter-
ested do their part he is ready to do his.
In the meantime MIR. Cornell is visiting
the principal towns Of the Chippewa
Valley, to ascertain the sentiment Of the
people in reference to the extension of
the road from Wabasha eastward,
through that section, and ultimately
thence on to Lake Superior at Bayfield,.
Several consultations have been held with
leading business men, all of whom were
free in the opinion that the did asked for
should not stand in the way of the con.
struction Of this important outlet for the
great lumber interests of that section.
kEoKUK, IOWA CITY AND ST. PAUL.
The annual meeting of the Keokuk,
Iowa City & St. Paul railroad company.
was held At Washington, Iowa, on the 9th.
Additional Importance attaches to this
meeting from the fact that the
St. Louis & Keokuk railroad
has recently passed into the
u0Auo VI CAAs 0tOucs VI CJcVclauu, w.,
who proposes to complete the former line
II satisfactory arrangements can be per-
tected. The grading of the Keokuk,
Iowa City, and St. Paul road between
keokuk and Iowa City has been done for
several years. and the bonds for iron have
been in the London market for a year
past, but as yet the company have re.
ccived 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 extent
the feeling Of capitalists in the extension
Of Western railroad enterprises.
Notorious scalP-Lsfsers i. La,nho.
A party Of 70 notorious scalp.lifters
captured have been transferred
from Fort Sill to Fort Leavenworth, where
they are held awaiting the further action
of the government. Among them is
Medicine Water, who led the party that
assisted in the Germaine massacre. Also
Lone Wolf, the celebrated Kiowa chief.
who has been leader in the wars for
several years, and who was2 once captured
by Gen. Sherman. White Horse, the
murderer Of the Keozier and Leo family;
murderer Of Osborne ut Ur-
chita agency; Warm as Heart, Heap
o Birds, and many others. The party
is comprised Of the principal chiefs who
have caused all the trouble for the past
five years, and their capture is considered
IS q finale of the Indian Outrapes. K;ck.