, 1876-07-24
THE RAILROAD-SHARK,
Another Chapter In the History Of
Sammy Tilden.
His Connection with the Grand Rapids
& Indiana Railroad.
Whht Joseph Il. Edgerton, n Lending
Democrat, 11as to Say Of 1t.

AL LHGat LEIlt8 u DCIIUCIitLlC IClQTIHt' HI3fl
when tho Democratic press Is tccmlng with
ctEogics Of Samuel j. TIldcn rs d rcforu,cr,
llttle retrospect In tho history nf somc of his
Wayne md Eastern Indiana, may 10 valuable.
For tf,e full text Of this article we would refer
tho reader to tho letter Of Dir. ]. X. E1gcrton,
President of tho Grand Itapkls t. Indiana Rail-
road Company for many years, an honest c!ti.
zen and
An uAFLINcntNo DEMOCRAT,
published In the Fort Wayne itnHHd, Demo-
cratic paper, March ., 1877, before Ttltlcn was
crcn thought Of US u rcformer or Presidential
candidate.
It appears that May I, 1860, tho Continental
improvement Company contracted to build aud
equip tic Grand Rapids s. 1ndIaua Railroad
from Fort Wayne to Traverse Bay, as frat
class fbat, but that on tic 10th of Jauuary, 1872
nearly txo and one-half years before The con-
tract expired. and willie o. miles Of the
road lad not har Of iron lail, a,ld the road not
ut MI equipped, the manager Of the road per-
m!ttcd mortgage to bs Prepared un1cr tho
supervision Ut the Continental Improvement
Company. providing for the issue of 81 ,25o, ,0oJ
Of cquirping tho roal, and thus forced tho
stockhollers Of tho road tu. pay for what tlle
Continental improvement Company agreed to
do, Atu llau Dctn patu Tor doing,
interested In Mr.. Edgcrton's statement TINT
tI'he stock Of the city OF Fort Wayne In tho
Railroad Company has by that net been override
den and deprecated, II not matio yalucless, by
ANEW AND UnNECEssA1lr NonT0AdE
OF s1,s50, ,000 In the interest Of tho Continental
improvement Company and the Pennsylvania
thtM.n
Il also appears TINT tho original contract WIS
nr, ot,o tf, t}ta Rni1rONf FINN NrG
All extraordinary liberal ono In It's p1pnltsc Of
profit to the Continental improvement Compa-
NJ" Why, lllon, was ,s: present o. 81 ,@oGp
made tint Company III addition to thoiF "cx"
There seems to be no doubt that tho Contt-
mental improvement Company, under Its first
contract, had a.nple means from tho subscrlp-
tlous, the land grants, and other assets, to build
coo WIS gratulty passed aud allowed by u rim.
Of Directors.
Aud nov for the interesting part: Samuel J.
Tildcn Democratic nominee for President Of
attorney. Was not only the confidential adviser
lii nil thcAe aets by which tile Original stock
holders, Including the City Of Fort Wayne, were
titus exindlcds ont Of 1,350, 200, aud the stock
made va1uelcss, but he was also
A sHA1tHR IN THE PROFITS
Of tho Continental improvement Company
and rs an interested attorney Is directly re-
sponsihlo for all Tho Objectionable. features Of
that infamous contrA:t Which rendered the stuck
ers w Myalt,s]essH i'm mearif so. '''>' 'S'''' ''o
Of Tlldun's shnie fu the contract by which tho
rights uf Tho storktioltlerS Of Tho Cincinnati,
EIchnlUnd II Fort Wayne Road were uatsolvcd'
md reformed" We will lot Dir. Edgcrton'a
Ths l'ie,Hsnt Of tne Goanensal I|mRrov;s;nt s
viii thr Tresf,istt Of the Cincinnsti. Eicumond <
Tort Wa;nc jiaiiroa, to ali In c"mnlstinr thst
fs'o,4 T. Ds 5 M5ne in nH ,. wash s e e.
cate. Ii, fact IL ub,ptb H. I;c negotiations PRO-
luccl j conteac;., malnly negotiated b ~. g: v.
n Wsta ss s s oissl pnF
cantract bnyu neyer suun think 1t his never
Icen published anl lkunw Of It onjy from. infort,a.
il 10 be- give Ill., barclay and hIs saoclulcs who
that it, cas4 ani o.hcr part!ss Il! tho cnn tylyanis
company al ais. a@9ss 1.E uSarr1,sp Assn1s
soat. uoMnanY. nnisuniins 10 snma $3.50, uDu Or
SoIo, o0j u ciiy, tow,,, COUNTY, and prIyaio ob.
attuns inclutiins SLID, CO.. of bonts 81 liz City Of
Sun. an y Of d. aoat ~ H. o ooo
hrIsuye OF thv Eomiany's canltai stock for com.
pH lns IN 'os 5sS tsf sS III wss ~
made: II bsinx Contaminated. il not stipulated az
paTt Il thls arfsaesa,sht. t]at soo9 !. tle tos
operated e phy BY the raa @ apds % inInns isllrosd
G9Ry II amton 1H psypu inai roa Rp ,9o
into tho piacs Il tie fenn,yIvsinia Hafiroad tam.
ano I oeao Naoai aaa Il
fr'Ss i e tae s' 1ssssso ssa' q f'a 600 Pr
s"s s "a e4As ~ ior s ssena II @
mond TOAD Ny thgse eoman'es' faiteteste IL tsS