The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-06-30

canal company put in their claims for extra |
toll. The amount claimed was twenty
cents ton on m annual transportation of
five or six hundred thousand tons year
for some ten years, besides royalty of the
same amount for an indefinite future. The
coal company denied that the cost of trans
portaioD had been reduced, or that they
had derived any advantage whatever from
the enlargement. After tedious and futile
the canal company, and MIR. Til
den was retained for the defense. The
case was tried before Judge Hogeboom, of
the supreme court, sitting MS referee.
Seventy odd days we're consumed 10 the
hearing. and the testimony offered by the
plaintiff fills several large printed volumes.
Mr.. Tideu established the fact against the
canal company and won the case. The
calculations involved in this defense we're
immense, and the fundamental economic
principles of canal navigation were in fact
settled by them. Mr.. Tilden's connections
wi h western railroads do not reflect such
honor upon him, and he is now one of the
defendants in a suit instituted by the ag-
greved parties in one Of these cases. The
worst of these Is the well known case of
the consolidation of the Galena and Chica.
go railroad with the Chicago and North
up to 1864, one of the best managed, best
eoupp, d, and best paving roads in the
west. The stock was largely held Inv nor.
sons living alonp the line. and was n favor
tie Investment for II ust funds involving the
estates of widows and orphans The chi.
caro- and Northwestern road was "a bank-
rupt concern, with "watered" and almost
worthlees stock Mr. Tilden was a trustee
of the r, ad. In 1868 he set ON foot the
scheme of consolidation. and. as ia alleged
secured On, ush votes by fraudulent means
to consolidate the paving Cbicseo and Ca
lena road with the worthless Chicago and
Nor, western. The consequences was thai
the dividend pay ing road was swallowed
no in its bankrupt associate. The stock of
tue Galena aud Chicago road immed ately
tell 10 mere nothing, while there was n
sudden lump in that of the CD;ciro and
Northwestern. THIS shr-wd operation was
the ruin of hundreds. Its effect on tie
| population along the line OF The Galena
| road was like a blight. The savings n,
years. the sole dependence of the unfor,u.
| nate people VINO mad their all invested In
the stock of the road. was swept AWAY in
day. Another matter in which MIR. Til
den was engaged was as one of the pur
chasing committee of the St. Louie, Alton
and rerre Haute road. The facts. "a al.
legged In this case. are very briefly these
| The company was recognized and conf
! miltee appointed. Mr. lildep beinp one. To
purchase the various forms of indebted
ness under which the road labored. and to
pny for them in new issues of stock. etc.
| When this had been done, il was found
that some three hundred thousand dollars
of stock In excess of the amount author
lzed had been issued. The committee
were called upon to account tor this extra
issue, and 10 tell where the extra stool;
wss. TDev referred the inouirers to Mr.
Tildep. who went away TO Eurone about
/ this time. and he has never answered the
question aimee. always nuttino off tho in
auirers TO some {u,ure dav which has NOT
vet come. There are large number of
other equally doubtful transactions with
western roads in which Mr.. Tilden annears
as the prime actor, but they will be spoken
of another day.
When the war threatened. MIR. Tilden
was found Ms one of the advocates of COM
promise. EVERYTHING would be right if
only the north and south would onlv match
IN their differences. When the war came
| MIR. Tilden followed his usual policy of ey
IRENE caution. and kent discreetlv in the
| BACKGROUND He. however. advised that
the president should call not for 70 900
troops but for 500 900: half for immedi.
ate ee,yice and half TO be nut into camps
If instruction, Cor he foresaw that the war
would be of the most vsst dimensions. Be-
yond this we do not find him doing any,
ihirg while the struggle was in progress.
When the peace came we find Mr.. Tlldep
turning up as the friend and compapion of
of William NJ. Tweed in the running of
the democratic party in New York, he b, ing