, 1876-04-25

TIE CHICAGO
tho nmmor Of 1869, otfeing them on torms
which seemed very favorable to tho purchaser.
sessmont. YER! s 81 % Tits Kind woro ' fatally pom:
n1or In common with. hundreds Of
other pooplc In Now England and othot
psrts Of The country. bought aome Of theao
at preelssly the aasno rate that others paid.
| novor hasrd. and do not heltevo that tho Little
ltock oonapanYt which I know u cont,ollel ~
TO any poraon except as tho regular price d1cd
for ther sale. Tho enterprise, though appar.
! eutly very promising, proved unauccesaful. a.
| did no many similar projocta about Tho aamo
| limo. loHt considerable sum OF money,
| ovEa TWENTY THouHAND poILAns.
| gland maao net loss Of 42,o0o.00o tn
comp!eting that m raad d. for aa Atkansaa' az eho
tures West and South within tho last
twslvo years. In addition to my Investment in
| bonoa, | united With othsrs In rslalng some
money for l tho Company Thon It mot IT. i!.as
ing in tho unitel atatos Circuit Court III Ariatl.
san, to which I am party Of record, for Iclm-
bursemons Of tho money 90 advanced. All tho
bont!a which I egor purchased contfnuod Ia
| hold. and ~llon tho Company was FoosgAnznd
| in 1874 exchanged them ior Btock aad bouds
III tue now concern, which 1atflt avn. Ny whoio
connection with tho road lan boon open aB
day II there had boon anything 70 conceal
about II never should have touched tt. Whcr-
| over conccn1nebt fsnteafinble, avodauco III ad-
visablo; and do not know any hotter tcat to
app'y 20 tno Aonos ana 1a'fneha OF pob'hesa
AZ to tho question Of propr1oty involved In
mempor ot Cong1eha nniuinR m a!!Fesslaent o.
tits Elnus II fnhHt 10 fefnennereh sho !ands
we're Bfantoo 70 t1e stato 0! .a.kGnsas anu not
to tlo Nl'ifoad COMPANY, aod tllat Tue Coin
| pany uelisea ~ Alo. iIahclndv, anu saIno "hol-
y l.o'1 tno ',.ase' auu ~ ~ nsHso w c'u'lauy
| Ta,,nrn.u p,nce + ,1urobn anI fho hnnSs ~ 49,
~ " las r"as"a n "ur .a ,o,,n U,o
ia .nhtnnt aud thnt tyna inare,r r. rsotIfy -
M'! s ....no III ~ ;.,isi..;an t.h
nv sccnr5ty from Goyerumens bonla tn s town
aori IL n;}srei at n,thi;c ana ~ am, a,, w.,
nsn NV for II - f"e0 ~ A' o"o '"'
W" r,,,,,, -, .' ~ rx,. q,
| II Yoi oxcudo Representatlvo from Tue In
| qessnloht on tno Rtonnn thht 70 secondary Or
fatnoto Hay sho 1eR.siat!on oi congress h0a A.
lee!eu Of t@s nee' sno '@o m H. ~ soS @ ascie; taen
you e1ctnua every man on tnls uool not onls
from hoid1p9 uo'ernment oohd or a ehaFo IN q
National Banks but e!so from owning Hook OF
hheep, or hcld O hemp. or tohacco p!anta.
lion. or cotton mill, or an iron fn1nace, toF all
these interests AFRO vitality affected By tariff logis-
lation Oh Which We vote NJ every seHBiou. and On
rh'eh an important measure ,,l u cvou now pood-
ing IN Commtttoo Of tho Whole. 1,,.
1n tho seson intervening years. since tho Little
market, + know fow Investments That have not
been mora aaee.ca ny ,no leeslatlon! OF oon-
gross. Bnt thts case does not require to DO
shielded BY any eueh comparisons Or citations:
for repent TUG Littl6 ltock load derived all u
bad from the State Of Arkansas and not from
Congress. L was IN tue discretion Of ConRresa
solely IN tho discretion Of the State to give or
. "ithhold from tue Lite hock !tailroau Com
papy. Whon tue Llttlo ltock Road fell INTO the
financial troublos OF wboh havn apokon, t4ore
{t1 {tSf N1r HfHf RI Int
, were under
PECULIARLY 1mrnrss1Ne EuptnuAsauENrs,
md that peoded soliof Tloro had boen, ns DIFF.
forent tines, very considerable talk about tu-
: ducpk tbe Atlantic 4 pacitlc Iloed which, on its
. southern branch, was to bo q conncctng liuo
: | cast and west with tho Little Rock & Fort
| Smith and Missouri, kanaas t. Texas .UoadH.
: which would be connecting limo both north
and south At = point Of Junction, to ald the
:. Little lsusk Fort Smith enterprise by taking
| pomo Of it's securities practice very common
> among connecting roads. 10 both Of these
r roads tho completion Of tho Little Rock Iloal
wag Of yery eroat Importance. Accordingly
III tue eprtug ct 1871, wou only ono coupon bod
boon passed BY tho Little Rock Company on ouo
7 sorics Of ita bonds, and nono pnasod on tllo
!: other, and whom thoto waA BanRuiuo hope OF
q gottiug the on.erprlao on It's foot again, the
I Atlantic l. Pacific Company took 100000 oi
it's bonds sna 500 ooo Of its stock for tho gross
o e' aba o ao2rsaV q5Sk haf
amount at tho sau1o ratio. This Was done
not for tho corporation itsol!, but for as
iutorost largely engaged In tho construction
!: Of the road. With tho circumstances attondinp
I was ont!tcly familiar, and with several Of III
!. officers I havo loug boon we'll acgnuintod.
Q also knew Of the negotiation With tue Missouri
g Kanshs i Texas Hoad, though never to MI
kuowlodgo saw any Of its officers, aud nevor hae
= An tutofyicv with any OF them on any subject
but 10 case Of both roads desire to say TINT tat
Q bonds sold to them did not belong to mo, no
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