The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1875-05-11

SmAu companies ~ fAttStOn, ana nave the
promise Of 200 barrels more. In the
meantime not night passes but what
Some Waterman, or miner who has gone
to work, is assaulted and beaten often to
his death.
Minnesota and Wise onsin Railroads.
The rupture in the Milwaukee & St.
Paul Railway Company, already mention.
ed in this paper, is causing considera-
bic excitement in railroad circles. The
origin of the differences, it appears, have
not been of recent date, although recent
events have brought them TO climax.
The New York Tribune, reviewing the
situation, says: "According to the State
ments of the adherents of Russell Sage,
the principle cause of trouble grows out
of discussions caused by the discovery
that some Of the persons attached to the
Company had been discovered in specula-
! tons in lumber in connection with their
relations to the Company. While nothing
actually wrong had been discovered, the
secrecy surrounding the transactions was
suspicious, and Russell Sage had COM
planned Of the matter. The friends Of
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 they
could not stop such operations thew 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
a point as to preclude, it is believed, the
possibility of continuance of the pres
ent Board as a 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 a 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 acknowl-
edges as probable. OF his connection
with the Office of Vice President, Mr..
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, 100000 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 bust
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
eliminate 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 PEP1N AND OMAHA RAlDRoAD.
The new impetus given to the prospects
of the proposed Lake Pepin & Omaha
railroad, from the probable connection
with its fortunes Of Mr.. 0. 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 It's 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 Mr.. 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 aid 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
hands Of Mr.. Stone, of Cleveland, O.,
who proposes to complete the former line