, 1875-02-28

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Iruste<s, idendcal that have issued 81 900
them by exchanging them for G. D. b T., and tn:
many more are under hypothecation; we Therefor
hare ut least 100 TO exchange for tho II aoId
! to put in p1ace Of those hypothecated.
The argument used with Smith, Jr., WIS that y
should need them for equipment buildings, ETC.. etc.
| etc. Ny judgment Is, that il We carnos mako such
contract Is the case calls for, wa should post
pone It until can, until no can build It ou
original plan, which may and may not Be posaahl
# this policy results in our 1oaing control Of 1t.
dont see how We can help it: We certainly eanno
afford to turn backs tbs holders OF the bond
| ". D. JupsoN, President.
| QUITE PLAIN.
| The following letters and extracts need no e1
| planation Of their meaning:
50 PINE STREET. NEW YoHK, Dec. s, 1873.-L. E
| Youna, Esq.-DEAR SIZE: We hear from Shstsucf
that they hare sent to their lawyer in Chicago for thc
opinion upon their best mode for procedure to enforce
have nearly one-han Of the hondholde1k with them
(Which We deuot): thinz, however, they haveabou'
million in Fields fsieads in ehil4dslphaa, who aEa
Ny object IN writing low is to suggest tho i'm.
poraace Of ya1 grtharing in ali the 1oney you pos
risk of distres .n'ong your 1acn .nd Of your gen
era creditors. This Is OF tae first Importance Il we
are going into aeht With the nns:rop.ions msa ws
Receiver and think 1t probable thar would succeed,
though they may not get theis eSn Nan appointed,
In view Of what they know Of their movements, an
the wall In any event We should hnva that iron sold
possible and clear up th.t dsbt Of sages il xe can
do 70, to pay tho debt We owe him, againat bonds
aso but won't buy it. The main thing to do zst il
5o1eed out Is an eonrtced tre .tau b. at no isat
DAY. The interest on the neortpaae on my house
Is dug th~ 1o:h ef Ats month aad I hars
o you e.e az g ae' as and .sae @ o. 70 .. erss sps
ctat aco7 to take out Of earnings that anonat tins
+ *h;nt ESsiy 1,c.e,,, i. N. ,,.-v.r +ba,1 .. .,
sulting II he gives them the OPINION held by
other lawyers about the machine question, they may
any event. to be ready with tho last dollar va can col
lect before they begin. Tours truly, L. TEssEx
IS P1E srRur, New Yonx, Monday, Nov. 50, 1874.
saturday sstb} oated to say that tatnH W. shond
keep the paycos about much in arrears they nrs
st present-or nsar as it can 30 without revolt
ble bonds which he has hypothcca.ed eoon ~ prac-
dcable and seud them to US here. Tours, truly,
IF. D. JuDsoH, p1estdcnt>
FRIENDLY RECEIVER
SO PINE STREET, NEW YoRE, Feb. IS, 1874-J <
Tokns, Esq.-DEAB SIR: have just written to Nr. E.
Walker the question Of getting Receiver appointed
comes necessity, md have suggested III. Donovan.
or some other better man. u you or Mr. Walker know
Of one It occurs to me that We may bs more likely
the United States Court In Chicago.
There nay Be nothing IN The ide bpt n It oecms to
mo send It for you nud Mr. Walker to consider.
". D. JuDsos.
In d letter from E. Ellery, the Assistant Treas
urer ut Chicago, to ". D. Judaon, OF New York,
dated Dec. so, 1874, he says:
Since this morning have thought Of plan by
md safely. hope you will be here soon to ook into
it aud say Whist to do. don't want to put details On
paper.
In a letter dated Dec. q, 1878, marked conf
ACff fo1 {11Ho7
from the National Trust Company Of 500 bonds
which the holders will not fund, demanding
committee to examine the Companya books
On this Judson says: "0f course shall not
make any arrangement permitting any committee
to overhaul our books and accounts no matter
to|aat the consequence
HOSTILE ACTION FEARED.
NEW YORK, Oct 7, 1s13-J. E. Young, Eeq-DHAz
sia wrote you Sept 25 In relation to sundry entries
which should he made to credit Of J. E. !. 4 Co.
coupons, extra equipment and other items for extras
under original contract Please adriae me il tha en-
tries hare been made, and give mo detau.
Ii this is to b. done al It is very important to
. W.D.J.
,elat1on to the above.
The following copy Of voucher taken from |
among those IN the hands Of the Receivers make !
it seem quite probable that the entries asked for |
n the above we're made as requested:
SPECIMEN VOUCHER.
G, 3. Ev. 4. I, CO. 10 T. E. Touns e.. 81. 1878.
FOR tho following entry ns per advice Of Y. D. Jud-
Gn:
For dfteen first mortgage bonds credited
back to their account Of same being In
liquidation. they hAvtng been obtained IN.
Der faise pretenses BY party holding the1S
'oF snndry seconnts transferred from hoots
1t New York, as per advice Of r. .. judi
son-see c., D. '. Il. B. jan, folio 49,. 717,s1s59
... s7a2, $3.50
r HATH {n 4
( the same shall be made On tho books Of the Com
any. A. s, BuRSHAx Auditor |
It must be remembered that those entries are
aade On the instruction OF Judson, Who is one
4 the partners OF J. E. Young l. Co.
ANOTHER VOUCHER
bows the G., D. Il 7. debtor to J. E. Young
: Co. for IS miles Of baltasting north OF Wat
eka, at 81 500 per nlle, s127, 500. The general
ost Of such work is $500 per mile. making q
lear profit Of over 8100, 900, not to rpenton fha
Let that there are but Is miles Of roaI north % Of
gatseka, the road ending at Dalton, which adds
sc, ,O00 to somebody's profit On the tranRactiop.
It is stated that tomorrow motion will be-
,ade in court at Joliet on behalf OF the officers
iat the additional facts CLEANED by the Receiv-
rs in their examination of the Companyc books
I'D correspondence will be Brought in opposi-
on, It is probable that there ia much OF inter-
It still remaining in tbs case.
Made this year?" "Yes, s1r" ~sms Of It :"
Yes, sir .:You didn't take old sugar and
arm it over:' +Do I look like man who
ould do such q thing as that?" exclaimed the
ocer, putting with dignity. "Ansver mY ques-
on," continued the citizen. do you suppose
! be as mean as that - demanded the grocer.
Don't seek to evade the question. Didn't you
I'm orer old sugar r. . "Do you think did ?"
Didn't you2" "Sir," said tha grocer, turning
ny, I've lived in this town t~euty-nine Year,,
d I Was nover inaulted before" The citizen
esed m, and tha grocsr pnt f4r1n sf4pe uao+n |