New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-15
RAILWAY MISMANAG EMENT
CHANGES OF RASCALITY AGAINST TIE
OIEICERS OF PROMINENT ROAD.

CHICAGO DANVII.IsE AND NiNCE"Nro "H'lA"|
STARTLING REPORT OF AN INVESTIGATING COM
murTrx-uRoSs PRAUDs ALLEGED 10 HAVk D'"N
rrRrErRArrD BY THE CHIEF OFFICERS ~
MEANS oY FICTITIOUS ENTRES-A EfchLt8S /
ATTEMPT AT sELE-kaaicHMENF-hsio"' vi
THE ROAD. -, |
The bondholders OF the Chicago, DanVi'ic anu
yinoennos Railroad met yesterday NJ NO zoo oi .,
60 hear the repor of The Committee they han hlo"'
% ,py,s,irete tho history and condition o tin r"'
III, NJ DeDisop nr,s,dod and tho report signed oy r.
w Uujdekopcr, Chairman John NJ pch'son '"'"''
Wheelook. Chandler Robbins and A. N. summer va" '.
In IL gross Is charged on tine pd' " 81"
obf officers Of the road. VIM L. Judron, fosdeh' Amos
Tommy and John L. Young tits alleged that they uNero
the earnings of the Company from thor proper USES anu
applied them 10 enrich themselves; that tho reports
submit, cd from time 10 time by these officers were nc'
Nous and that previous to the Investigation ''y Noi0
.bont taking steps defrnud the bon ihoides " pro
curing new act of books and making fictitious epti"
srbe Committee has also discovered thAt ony ''7 ''
az track wore laid instead OF 40 miles IA represented
.bo ,..d extending only from Dalton To DaH'llo' Ihe
officers OF the Company represented thai inc cost VI .
construction of tho road Was nearly So'Vo'o"V'
Tho Committee Investigation employed hooer'
Moore OF st. Louis, a civil engineer OF r"pulSuon'
IN n,amlne the road and he lulored. that. II prop
erly equipped, tho cost OF the road would rc'on
- 100000 while rs at present constructed there not
stone cuvert stone abutmcnt along the ehnro INC
and tho grades do not come up to the contract LUG
bridge over the Wabash which 50 much eNtoied auu
IA ropreaontod $4,000, has COST rs WAS
found upon examination, Only S2lO0o Johh IL h"nS
The general manager of tho road, testified ocioro eou'
OF law some months sinoo that the AT o. inc ro"u was
$4,000 per mile while shown by tho Officers Reports
cocf aounted TO $63 each mile COns iiucel
Tn committee rrorted that the Officers 81 the read
would give in orInaiOn as TO VINO toime' lic
H. frnowinc gentlemen we're directors James W. ~.
well JAMES d. fish, W. ID. JodSon, Amos I1nney, Z" o,
NswYork; Jarvis Williams, ni hos ton; D. NJ Nn,Hul. %
ChicNgo: n =. Merrill. willjsm Young, 81 Naipaaiso
ana Avian Gilbert OF k"ssvo ~ ine ioi 10 ing
II q summary OF the history Of the road as gwen ih INC
and On %i "a nay Of a port on tS he
,e ano vneenes EarGsd o"%p9 o 90 T cnn s'S III LOS
and ne v s Il paoS IN Cook County w'TS
srs II hs coq6 caso lnds3s csniTa5 aMay
Tie Chicago Danyle AID Vineennes lalroai Company ana
= YoaaS o. william no b. JSGo and Amos na,y, Who
th St' San1 H 0 ana vinoeTn arosa
and one Q" wh0" " Sas,t 81 I1 e Shcssc Dayo
and VinoenSes Rarcd company. and "a Presto cut OF 'o
ySnSr c. Mere W 'S to build miles cc%Psn
ARD aud without ballast or ishog eHeVpS GPa M
mt o. se c 70 Sa s nr ~ noT an6 9S ava otf
FOR the road * new coal 6arunS iST%. c ene3n@s
pss-,nseI coaches baggage 20 boy AMI SOCK
M u ts l,o%"yes and csrs to BE- new best
quality, and made b. sgPoved msS.Ts cor 20 nav
ts f Of r Yos Co. 20 20 800 s and s' sdS Ii
SS s Of S C. Or r made
& sog and Yoan SDc s re- Si
nnes and STOCK AID me motgaso or deed o t6S 10
scr' ne aynon' Of SAID bonds whereof We ros va rn
buidrle q ITO miles ralros1 Only OF the wnos lae
oSSie hther,fo 10 Wit Thai company
sas dScd Of trust GOVERNS al The railroad which Nc com
T ys I'd d WHICH, GSn sal aS shS hrsi AID OILY ana
exclusive said railroad franchises property and equ
every kind and DESCRIPTION AID tst only said amount
INA, - terms were attn further extended by allowing Che
1t E Young CO. 10 operate the rosl daring con ruo
10" r ID GsR ana s1n SSS SaRa ff c
oS @ ;et % % r sS c b6 c TO yo sfS
Thee sSaias sspi oGns NAV Ken ntG n @yS S U
obs1rSp by the coptrart tona7y J. Young
nss9 @ bacG 10 Soia bus to ' he G. aHa C. r. Il
hS sS %Iioa aa a q ' 'l Dae
sS' snnSt as the ieSt ays saicSnt 70 ray Dor
tao rsatof grdng bnlgnf onycrts and otleI ToIk
O. me c l n,So"n Of stoct and
COMPANY lao n,s Of road amounting IN the sRgeeae 10
s5C0O and ihlS 10 s L59 ~ 81 y r. h3.hs q CO., ~ %Ieu
that Illinois D' so, the l05 r,ies OF H. ere turned
ssS a of Of j. n Young E Co. as We find by te book. ar
II y s f' Tbe nrsny si,srwsr hougi AID charged
them with passenger mai sod baggage car $50 box
there is wanting to complete the fqgpment "a
pass gsr cars so cars ad isb platform coal
This Is worthless and should not be
believed 10 be VI thu engines furnished b. r. Young
eisoi Ground and ne 9sdlg Of shls and purchase Of
tool and uachin@y ioI ne came W. nnd by e4smnns
oN sc S5 w Sa ss S9 " "5c9 uso rosd %a
county given about s72O6O previous 70 tho donation
contract Of Feb 2 1862 belonged TO the tTm u j. J.;
,s contract can We discover TIA. the shop donations
o. a tie i1 showing sdq a e,
&c "I. gau md ns which i the IG o a. saG at bs
o." 1s Of ~ so Gq1s ana Nv, T0 y Snd BY m
for. DE Company sin owing several thousand dcflis
Shop -is.s55 ~ aud ia December ISL "a croft Of
si6s8s H. proceeds Of DansiIo shop bonds ustsi "a
ts.e up noies Of the o.anpany Ut psgylIe Bank Tho
have hsaed by the Of Paid mortgage have
booU by The officers OF the Company Lateral stcay
the boating indebtedness OF the Company.
Of securing tAG Attempted by the
indeb-Dts Vi the Company ana renco
tie security OF bonus 10 amount Ar Moore osii
Referring 70 tho alomonts of stock. the COMMITTEES
seS f ' stock ST Wss 81 ia 6y letter ef 10
ono u yoar COMMITTEES, referred to above IL was |
u November. 1879 it il put at sl,92lso0
HolI committee are OF to opOh thai not dollar vac ever
hsnrd given OoDs te various parties holding II,
y lS n iae W SE sey snt . I Sa asd H. Oilers
amounting ~ SeSI2o oKpensts funding coupons Your
III. The st0ok LUdseI."
Soui consider TIE matter and give the comm c reply
recyl BOOKS Of the company, but with satisfactory
yoo ary information a, to who owns OF hois the ssocs no
ieI,1'e u 1SeSs eI ILelVI Se ia esli a,ed Ny 10
tue manner Of enc trAnsrr VI the och.
Among the letters nlC ~ tbo Ohce u tho C. d. and v II Il
Go a. Chicago Will oIheI eo1s ohdcncc, We mt o follow
NV YORK June T. 1873.
J. H. ioUSO esa-Ds9r Sk: Iu!oTT1ng 10 ms last, / |
inoCto articles W organize tho e.. u. and V. |
a. s SSa{ T o soaS S c ne s a IN 9
Iay n We are 10 make Tie bonds AS similar as practicable to