, 1875-02-28
OF would-be pressing claims At 50, d. .. Eller7
concludes Christmas Carol, ~, u follows:

see nothing to e1rec. in tho nesr future but serious
trouble from some OF these claimants do not tn1nk
nlone YIN prevent our boarding scheme for success.
In short, an cenrf1eed that 6ers long ths goset 70
control Reeerersh,p 9Fua<eship ss Dc taken 5ro1.
! the coming storm Il scented In the air alreAdy.
Therefore, IN my Judgment our only conIse Is 10
take immediate steps to control the thinE "Aetnef
OF not you az in position do this dont noE Arc
not your relations with the second mortgage hoaera
o1s enough to s1rangs PR sfr
feitng ths February tntcreat7 Matters can thereby
be arranged more Or less u their 1ntesest1 ana
9pee 5si b. The lorns7 ~ week ago. wben Mr. Young
1ett be told me ho had abandoned all idea Of getting
trongh without Receivershp Please lst :a ne know a,
no hops OF sending you any money now Or Jan. i. II
people oo,I 1cno, and we don't haVo 1t coming In,
ns a1 dot OF Fl E4zsgg 1ssg eg I.9's xsas'
The following Is the response which it
brought:
NEW York, Dec: es, 1s74.-H'. E: El,ery, Asststant
1+easurer-DEAR SIR: Your long faFor ot 18th is re =
situation in su1ey anything but agreeable, but do
not apprehend any immediate or sudden movement
resulting IN taKng from US Tho power to control the
becomes necessary. We can safey defer 70 May OF
even June possibly to July J. the boarding Of rev.
uahed notice say IN September that tho coupons
Oct. will not BE- paid before or until Jan: !. will
dernier resort. In this view Of It VIC csn
I'd m. bonds as heretofore talked about.
Yours truly, " D. juDsox, President.
Please ahow this to Mr. Young. suppose, however,
that you show him all my lettera-n not, please do
THE RAILWAY COMPANY.
The full import Of the following letter will ba
understood when it is known that the officers OF
the Chicago Dan7ille d Vincennes Railroad
Company put upon the market and disposed OF
S500, 1000 worth Of bonds OF the Chicago, Dam
vile d. Yineennea Railway mot RailroadD Com
pany, not mile Of which road was ever built.
It will be seen that they alluded to it As the B.
the making of tho bonds Of this line identical in
appearance with those Of the original Inns waa
purely for the sake OF uniformity:
No, So PuE STREET, NEW YORK, April q, 1s74.-
J. E 1'oung, Esq,-DEAR SIR an - anxious ss you
can be to have tie B. l. line built in way that wo can
and control it, but do not zee how il to bo done
under new Of bonds unless Ut least $00 600 Of
amount for contractors You must besr tn mind that
the D. I. bonds are precisely like our own IN ap-
pearauce that their numbers follow ours l. ~ 4.0 to
4500 that the signatures to the including the taoo
Trustees IDENTICAL that have issted 81 600 OF
them by exchanging than for G. D. b T., and that
many moro under hypothecation; We therefore
hare ut least 100 10 exchange for tho a aod and
to Put in pace Of those hSpothecated.
The argument used with Smith, Jr., WIS that we
should need them for equipment buildings, ETC., ETC.,
contract the case calls for, we should post
pone It until re can, or until no can build It our |
os7g7az plan, which may and may not be Poss1he
in future. !
don't see how We help it. We certainly cannot !
zord to turn our backs tbs holders Of tho bonds
which we have issued and pledged Yours truly, +
". .. JupsoN, President