Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1876-12-14

"As the '6alena Division was the only portion that
could have earned q dividend at that time, This IN
reality comes out of what thar division would have
earned for itself consolidated aud is equal 20
Der cent. on the whole stock OF the original GssDa
road. IL follows, therefore, that since December LIST
ls64 those stockholders have lost their dividends,
certain (and probably Of 10 per cent? and
have incurred, by consolidation with the Peninsula, q
loss equal 70 - cent on the par of their sock.
TILDEs AN AsTI-GRASGER-
These various railroad consultations Of Tlden and
his friends, whereby railroad stocks were greatly
watered were followed by oppressves of FRI light
in the Northwest, out OF which grew the Granger
Law Wisconsin aud restrictive railroad les alton In
other States. In proof Of this FOL wing
from the proceedings Of convention of farmers along
the line OF the original GaleDa road held in 1866:
"WHEREAs, Under the present system VI railroad
combine ions and other freight monopolies, the
mer and producer has redress. and is, by the
adequate means Of transportation, compelled give
tw-hrds OF his crop TO get the other one-third to
market; and
"wHEREss We regard the present system Of trans
portation little less than semi-iegalized system
of plumber by when q combination " capitalists
rearing Immense fortunes upon the ruins of the pro-
ducing interests Of the Northwest; therefore
"Resoired, That. as we know OF no adequate REM
edy for tue present wrongs security future
oppression, Dut legislation, we must turn atien-
ton to the law-maKing power, aud demand such APP
propriae and efficient legislation will remedy
evils and thus teach corporations aud unholy comb-
nations that the sovereign people have rights which
'Reoired That in order to carry these principles
irto practical eec we hereby pledge ourselves To
operate with the people throughout the state
ing legislature p'edged TO tie same"
HOW THE WESTERN FARMERS WE'RE OPPRESSED.
To show the exzcious which the farmers Of that
section Subjected by the Consolidation Ring We
have only TO compare the of freight Chi
czgo Northwestern road, In 1861, with those which
adopted after Mr.. Tiideu had made ms appear-
counsel and Trustee. The chicago Board of
Trade Is responsible Tor the following statement OF the
action in that regard Of the Chicago Northwestern
Railroad which, their report says, advanced its
foi ous:
Upon wheat. seventy-two per cent.
"Upou coarse grains. tweuty-one per cent
"UPon -four. seventy-one per cent
"Upon lumber, thirty -hve per cent
"Upon live stock seventy-three per cent.
sUpon merchandise. eigh weight per cent.
Upon passenger fares, twenty eight and one-hslI
per cent"
The report Of the Board Of Trade closes with the
following significant para sraph
From the present Indications there seems to be
determination TO test the relative rights OF all by an
appeal 10 legislation. We hope that this may not be-
come necessary, but that policy may prevail that.
while IL to the people entirely lust
sderation viii not lead " an Of our
railway lines
TIE CONTINENTAL IMPROVEMENT COMPANY.
This company chartered by the Penusy,yania
Legislature In 1865 BY reference to the Certificate Of
Incorporation MED by this company Nav 81 1869 IL
can ~ ascertained that Mr.. Tiden held 1000 snsr.,
ls5o,oo0), 100 shares tsioo.0O being owned by Col
build the Grand Rapids and Indiana Railroad for a
certain amount Of bonds and stock per mile and i,s
land grant, which consisted Of 900 Of pu bc
ole job for the Report Of the Land Depar nent of the
Continental improvement Company, dated july 1.
1878, shows that s04S Of the Grand Rapids and
Indiana Railroad national land grant were sold for an
average of 34 s6 acre, Exclusive Of village lots
thus:
9o44s acres at sh Ios o4 q
1866 II