The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1876-07-14

ally and effectually dissipated; for
they sooD made the pleasant discovery
that out of the seven trustees OF the
Belleville&Southern Illinois Company,
five OF then-including Mr. Samuel j.
Tilden-were directors of their own
ST Louis, Alton & Terre Hau:e road,
and were, as the committee were in
formed, the principal stockowners OF
the leased Belleyilie 9 Southern Hi
nois Railroad.
A SIDE SPECULATION
IL appears tha: prior TO the leasing
operations recited above. the st. Lou
is. Terre Haute 4 Alton Company not
only paid its bonded interest, but
Der cent. dividend on the preferred
stock. which cauied il TO sell up 10 IVo'
aud the common stock TO DO IL l.
serted that certai; holders OF the
shares, who alone could have lore
knowledge of the intended action on
the leases, prudently disposed OF their
holdings, and sold some stock short
into the bargain, as mark OF their
appreciation of what was what was 70
result from the making OF the leases
aforesaid. Ii was not their fault, OF
course that the stocks afterward went
far IN the direction of zero and tnat
somahodv reaped the reward OF the
deserving. but. ss Col. Sellers remarks,
this was t'only a side speculation
coy qTLDEN AND HIS ASSOCIATES.
Tha last paragraphs of this commit
tees report, which embody Its conclu-
sions and recommendations, are plain
and prosaic enough: but they are em-
bued. nevertheless, with simple
oathos that is sufficient to touch the
heart of any but an obdurate railroad
iobber. The committees unsophisti-
Gated language is more impressive than
any that a mere outside observer can
employ in such a cause, and we sub
Join it in its native purity:
CONCLUSIONS.
THE conclusion of this whole mat
ter is that, in its present management,
there is very little hope for the stock
holders of the st. Louis, Alton and
Terre Haute Railroad Company. The
question is, what to do2 The first
thing that suggests itself is to fight
these various illegalities in detail in the
courts by A stockholders' suit. 1t could
unuuestionably be done, and would
result in a net gain, in all probability,
to the company sufficient to pay divi
dends upon large portion Of the capi
tai stock. If no better course is open
to the stockholders, this course should
be pursued. But is apparent that any
remedy is particular and inadequate
that leaves the corporation in the
hands of the present management.
The point of attack should be the
possession of the corporation, which,
once obtained, the property can be
managed in the interest of the stock
holders, these illegalities, and perhaps
many others which we have not dis
covered, can be righted, and, in our
opinion, the company can pay dlvi-
dends upon all its stock"
Democrats Who Say Iilden can not Carry Ne"
York.
HAYES WILL, SWEEP THE EMPIRE STATE
ST. LOUIS, June 26.-The following
circular has been freely scattered
about by the Anti-Tilden men this
afternoon:
''As the friends of Gov. Tilden from
New York are industriously circulating
a report among the delegates to the
Convention from other States that the
opposition in the State of New York to
his nomination emanates from parties
either without personal character, or
having little political influence, it is
proper that the facts should be laid
before the delegates assembled, that
they may be enabled to judge in an
intelligent and impartial manner of
tue truth of these statements, and
shape their action accordingly. The
following partial and very incomplete
list of prominent New York Demo
Gratis, who oppose Mr.. Tilden's nomi-
nation on the grounds that he cannot
carry his own State or the country, is
the best answer to these statements.
and is all the evidence it is deemed
necessary to furnish, viz:
Augustus Schcll. Justice Miller,
Supt. ID. G. Howell, John Kelly,
D. G. Littlejohn, Gen. George Magee,
Augustus Belmont, Lieut.. Gov. Allen &.
The Mcssrs. Arnott, Beach,
VIM r. Travers, J. b. Parson,
Mai. Gen. Henry, Judge Charles Dona-
Isaac McConine. hue,
w. Slocum, Moses Warren,
Judge Gilbert, VIM. G. Fargo,
RObt. III. Waterman, HOratiO SeymOur,ir,
AmaSa J. Parker. W. r. Roberts,
Chancellor J. V. l.. Z. o. Perrin,
Pruyn, +. l.. Donnelly,
]. o. Whitehousc, Frederick Smythe,
Member Congress, Mr.. Wheaton,
Judge Chas. Holmes, Dewitt c. West,
Chas B. Walker. NJ. C., Senator w. &. La
Ex-AttOrney General Mont,
Daniel Pratt, Erastus Brooks,
Erastus Corning, Col Samuel North,
Frank Abbott, Jas. ;. 1hayer,
Judge ]. ]. Clute. 5. ): Cox. Nj. G.,
Fernando Wood, &C, G. w. MIllspaugh,
John Rankin. c. A. Walrath,
Sidney Webster, Judge Comstock,
Roger A. Pryor, J. Stewart Wells,
DelOs Dewolf.