, 1876-11-04

Who found the State thlevtng dcue
Then grace did throw Into the pea,
FGs thc votes Of these eaMe men. !.
'Twus Hopeful Tillcu. !
HOW sAM1tT AND HIS PALS WENT THROUGH |
RAILROAD FOR MILLION.

HOW rSAMNT AND HIS PALS WENT THROUGH
RAILROAD FOR MILLION.
Ntp rort Eetnng Elprfss tDem.}. June ..
There Is ut present 4 bill before the United
States Circuit Court for the 8outhcrn District
Of New Yoek, sitting In equity, wherein the St.
Louis. Alton s. Tcrrc 1Iautc Railroad Company
appears IS complainant md Mr.. Samuel J. TIL
deu as tho most prominent defendant. The
cotnpluint In b.icf, demands an account Of GER
tain moneys or securities lntrustel TO the de-
fendants und Mr.. Tildcn, In brief, replies by
asking aud getting time to answer untu ths LIT
Of October.
THE FORECLOSURE or TIE RAILROAD.
According to the complaint in this case, on
Feb. n, 1855, the Tcrrc lluute Il Alton Com
pany anI the Bellcvllle II lllinotstowu Railroad
Company were consolidated, under the
title OF tito Tcrre Hautc, Alton + st. Louis Rail-
road Company. Subsequently the nsw T. H.
rasscd, ard unable 70 pay thn interest on tho
mortgages OF tho old companies which Il had
assumed, Us well ~ OIL It's own; and bills Of
foreclosure, asking for the sale OF tho property,
cages Of the original companies In tho United
Statcs Circuit Courts Of the Districts OF Inli-
aua and Southern illinois, IN which acttons de-
crecs of foreclosure md sale were about 70 be
entered. Upon this, about April Is, 1891, the
lonu and stockholders nnl the general creditors
OF tue Company subscribed to genera1 plau Of
reorganization, wlach embraced the purchase Of
and tho creation and disposal Of stocks aud 81
curtties. A committee of t!ye were
Iirt''iit III" elect, sTl.e Committee wcro .samul
!. 1vldet, t.uhcrt DayaH!. Joseph Tuekcrtnan,
John G. Richardson, and Charles Hutfer. Tn
March q, 1877. In Altosl ILL.,, the Foasl was sold
by auetla,l, anu purchased by this COMMITTEES
f1r $sN, ,0a), and new corporation WAS formed
soon afterwards, u,,lcr thu title II tlu st. Louis,
Alton & Terre l1nute liailroad Company, with
| Ss,,nnd J, ridden, .Robert lSlyarl. JOHN Tucker
nun, Johu q. RlclurslaoL, and Russell Sage ~
incofporutors. BY tbs MT of Incorporation tAe
liabilities ot tho old Company and make sgttls-
ments, using for that .purpt'u the new Co1l-
pany's stuck mud bonlls, thu scttleI,ent to be
| inadc witn SIX nlouths after the Organization,
| and a!l claimants t0 be debalred from the
benefits Of this hct unless their cla! IN were sur"
| rendered antl settled within that Asr months.
| THE ST. LOUIE, ALTON TElsnR HAuTn ROAD:
On June 81, i6tia, y meeting Of tho Boarl Of
| Directors was held at the Conpany's office, No.
| IL Wall street, In this city. Samuel ]. 1Ilaon
and the other s'cs,ilMrs q the Purchasing Com
mlttee wcru among tho Directors. G,e Of them
offered u serlcs OF resolutions. which. were so-
ferrcd 10 Purchasing. Committee Mel nber-nnl-
| Director Samuel j. T1llen, as co,lnsni OF thH
Company, On tho following day thu board met
again at the sa,ne place, aud Purchasing Com
Mlttec- -Mclnber-DreStor-an and Counsel l-for-ths
CosPoration Samuel J. Ttldcn !eported the re-.
| olutlons, which were to the effect thGt certain
| bonds and stock should DO issued and created
| and handed over to Samuel J. Tlldeu aud hla
| Purchasing COMMITTEES for tho payment Of tho
purchase money mad the statleuent OF claims
Tho bonds and stock authorized by tho charter
and directed u bo issued by these resolutions
wcro a follows: ...
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