Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1876-07-12
A Leaf From the Great RefOrmer's
Record.

Mr.. Samuel j Tilden, the Confederate
Democratic Reform candidate for the
Presidency, has record as a Credit
Mobilier operator and railroad ring attor
ney that indicates precisely the quality of
the reform that might be expected from
him were he elected That record of Mr..
1ilden's--part of it's on file in the
United States Circuit Court for the South
ern District of New York, in the suit of
the St Louis, Alton Il Terre Haute Rail
way Company against Samuel j Tilden
and others. Therefrom it appears that in
1861 the bond and stock holders and other
creditors of the Terre Haute, Alton 4 st.
Louis Railroad, for the protection of their
own interests, bought the road on foreclos-
ure sale and reorganized ms the St Louis,
Alton 4 Terre Haute Road This was eff
fectcd through committee of five APP
pointed by the stock and bond holders and
creditors, of which committee Samuel j
'Tilden was the chief member. The com.
mittee, to carry out the trust committed 10
them, voted an issue to themselves of So
$50 900 of the stocks and bonds of the new
company. These they held in trust for the
holders of stocks and bonds of the old
company 10 be delivered To them upon
surrender of the stocks ana bonds of the
old organization, Under the charter of
the new company the Tilden Com
mittee was authorized to issue 81, $50,
900 stock of the new company, that being
the amount to be issued in lieu OF the
stock of the old company. But on the
Both of June, 1862, Mr.. Tilden and his
committee issued to themselves 81 900 900
of the stock of the new company, being
$3.50 900 more than WAS authorized or re-
quircd for the purposes of the trust. This
| quarter of million over issue of stock
/ has never been accounted for by Mr.. Til
! den and his committee, who acted in the
! matter simply rs trustees, and received
! the whole amount, not for themselves, but
/ for the stock and bond holders Interested
| In other words. rs agents Mr Tilden and
| his associates received $3.50. 900 of stock
! ot the new company, which they appro-
( priated to their own use, instead of aC-
| counting for il to the principals for whom
I they acted. The suit is brought for that
/ quarter of million of stock embezzled
by Mr.. Tilden and his committee.
But Mr. Tilden and his committee
/ didn't stop with that quarter of million
( grab The total claims against the old
| company for which first mortgage bonds
/ of the new company Were issued At par
We're e, t45, TAO 81 But Mr.. Tilden and
his committee issued to themselves ~
/ trustees for these creditors 81 20p 600
I leaving balance Of S,54, 259 80 OF first
mortgage bonds unaecounted for and for
. which Mr. Tilden and his associates ON
/ the committee are sued. OF sec.
I ond mortgage bonds, 81 369. 545 80 OF
the new company were required for issue
20 creditors of the old pmpany Mr.
ridden and his committee issued 10 them
selves As trustees to distribute these $40,
4S4ll more OF these second. rj-a q
bonds, for which excess they have never
accounted. anu for which suit j. also
brought SO Of the common stock they
appropriated 10 themselves $40 ~. - for
which Judgment is also a8det>
The importance of a mans rCcord Is
that, in showing what he has done, il gives
the strongest assurance of what may be