, 1876-11-04

..,. ,.,,,,,,rru IRA s1nrruotnrpa
"o" cav r,,e 11rt Erpy,s, fDt,n.1,
Thu Rn,erjll. Valley uninn nallroad was III
.,,dea !, r,n frcn, Chicago into Wisconsin,. 4
ssa,4ar ras nhta;,,ct1, bonds were Issued, and
.1rhanped In England for iron ralls, wl.tr1, were
,s,nntI 10 ch,c,cu, wl,ero some Of it was sold
,opsy thc eypc,s:s Of the c,,nrtcr, md provide
rnc1o, for grotlIur tho Track. TEe road was
fo,JIr forccIo;rd, a,ll out OF the foreclosure
c,cv another Company, entitled the
Es,..oo Eo,,1 i],, Ioc & st. l,nu1 1,alroa1 This
SoEaso io't' "n ,'A ,so.,1.,,. ,r",n,,,ont t,n,
company haa 'oF ''s i'es"'e"' Np'o.l''I"tI Ell ~
nile, Of tracs. wl,,n second collapsc took
n1,re. This was nb ,llt 1857, and III those DAYS
'r.". s",.,.,ao ,.,,t,,o, ,a,-rn ,r,ovr.o ~
'allolu so''''a"%. ,. ~. sa,.s ~, ,,t,aa,, ~
money from the Eas, ef,I panks, the oi'eera no, ot
Directors inloFsne tl'r Compa"y'a PAPER. Inc
p,pl Ralroa,, had nlo:sel l,cay;lyfor the Com.
r,nr | ,nd w w.s .' = loyy, n,rucr Of rcn, estote IN
a., a'u w. S's ~. 'Gs ,,s e"Ae T., s,s,' H.. ssn
Chicago. In the tlllcmcn Ill Which 10 1ouau
t#'sll be engaged 49,,
AtE. SAMUEL ]. TfLpEs
s,n,,on ~ ,cr,,,o ,,,,ns., hv ,a1,r~ t,o na,road
t1a'p' W ses"'G "l''ac'. ~ tu,1"g ~ WV i.''loao
eompsn}'s pohus as eouatcrH. inc question
ot money was raisca md u compromise suggest
ed ot exchanging real estate in Chicago at n
49,, I.so.,,ro' ~, nrs.,,s.ss ~ 49, can,asa a
ssps., no..as o.ea.su .'s.Io.' "a ~ n'o Inas
mese oheseu common st'sck lor W per cent ot
the cliln, while tho said stock was worth In the
market about Is per cent OF its par value. And
then Reorganization tuok place under the
u,'e 0, the chscaso q lSorthwcateFn Railway,
*Na "s''tani y. oEden as President,
md Samuel ]. Ttldcn as Trustee for the
bondholdcts. TIN usual "wnteripe,' process
took place and lilo Comp any was saidled with
e$aas eos,ny and ~. stGsk Of spqa @ PER Is s
and struggled along until lStY when Tillcn &
Go. saH that something n.r,st In domc. md. in
calling about, AIT thcir a rr. ,,nnn thc 1nisno 4.
Chicago Union Railroad, WHICH was az then IN run H.
nlug from Chicago to tho Aflssleslput River. Il
chartered in iBM That r,,,nnnnu uAt Ky ncunr
watered itl stock. and sri1om' n Srcr 'o h"I 4
failed 10 DECLARE an annual dtvffinnG ~ fran, q
tolo pr cent In 1sG4 Il haI % soIne eH1 m,1ra % ~
soad IA perfect order, on which was based =
s,ocf e sePs ~ h, ~ aeoat e3a ~ per me and
eamioes ~ " ioGe ~ esovvV pcr muc. lts net
.oout that sum mi IN ess y anu II ma
S snS capital IT, stock was largely held by those
living along It's line, and was iookcd upon IA n
~ SSsese Investment for trust funds involving
bousbta soS p wlaows aud orphans, Stock was
6nskn.' en0 borrowed, proxies secured, and,
m,o,o,,..TLD TLDkN CO.
atiipu!atcu ~. 60 that they had Z majority, and
sA1ea os qosoesslon Of the property when It was
"M9seoldatcd with tho Chlcago & Northwcatarn.
Iha consolidation naIfi ~ .,a,S th"t so.nt -, =
cheap railroad nron.rtios uSt,h "1 Ias eu.0 ~.
soIdAted nt I,lE,, III s T.su ~ alsus uo cou"
t1ation Werr h%,. mfu pfaee INTO the new organ
tbs Rscosh"s naAIea 4p. Among such properties
leno4h sh! g hock1ord railroad, 75 miles In
"a sascn lld not pay, wal stac1lrcd and was,
e the United Sites Court 'e for tbn sT NartSr1n
ut9ct Of Illinois, hourl1t for xsfr' nGn s anl
sol4atcd for n. .9O}1 f01 @ AVA eo"1''oo a"o soa-
Wit sJ1vnv,~
The caae ~ ~. ,.n1 ttEn1 Fam 0u'.
ChIcapn IGrIaa ao caAol1iatioEl Of the Galena q
oats es,.I uua 3n0 thh kcnDRhA d Rockford
njtI.,. ~ tno Cnlcagp q Northern ia coM-
h. iiy seI lorth IN the following Complaint al
~ ~ Hon. Jutiua Walswprth. vh6 xaH Trnstec
~ ibe original Galcna hnni1ho,1r-s .nd eisn
s Yso, ,ta o,.,o, .ns s.oekholden: sa. =.
i[ns liz sa,I a.g1 represents that prior 10 that
e4en "a yon oa!aasl J. 1ildcn, Of New York and
epent1He thtaat 0satoF unknown, conccaled togethsr,
bfoeoted ~ ,thafoagh H. Cro,krtH, Of New York city,
shtiyhoi1".e y.o1les OF large number OF tie
""hlesrn H.,os os ne election Of Directors OF said
TAI II VA. na ~ Union .1sailroad Company .
sqddsniv ua sae Gay Of the stockholders meeting
H1oal lhose lh,sa M ny william y. Ogden and these
Itsea upon ~ meattont'd acting Wuth him, and
slthout snx n9ti1 9tsa soee manner by proxy and,
SSSets q h Ssator az gssa.