, 1876-07-28
RAILROAD NEWS.

TIE ILLINOIS CENTRAL.
Tho fact that Mr.. John NJ. pouglaa at thotast
meeting OF tho Directors Of the Illinois Central
Railroad Company, resigned tho Presidency Of
the rqad, has given the Springfield STATE JoHs,u,t
aQ opportunity to write Atl article more than
column In length, full Of scrtous charges against
the present management OF tic road. The arti-
clio claims that the Central Is in trouble, that
tllcrc hare bccn many mistakes made, aud blum
1ers committed, for which Mr.. Douglas refused
to bc held responsible, which now Threaten tic
future success of tho management Of tho nfraits
Of tho corporation; that measures hare boon In
auglrntcd and vast transactions hatt, which Mr..
Douglas never willingly usaentcd to, nnI for tho
evil results Of which an attempt was being made
attempted to lay at t1s door tho blunders OF
othcrs; TINT he retired from tho Presidency OF
tue Company to escape the consequences Of tho
somewhat extraordinary course attempted to be
tce in New, York. Tho article then explains
very mtnutcly how the illinois Central was led
into investing. s0.@0, 600 for the construction
as to have . straight through line 10 Now Or
lcans, and how this, vcntuEa turned out dleas-
line wero n danger ot being entirely lost; VI
President of The Company, who inmc-
tltate1y preceded Mr. Douglus, could havo been
50 egrcgtously taken In as somebody sccms to
have beeu; md TINT It scented CERTAIN that 6onIo
one in New York bad been dono for to the tune
Of six to eight millions at tho expense OF the
1lli.,ois Central Railroad Company.
Ia order to ascertain the truth or fa1sity Of
called ufon Nr. Douglas d hfs residence, co.,
ner Of Sfate and Erie streets. N1r. DouglRs is q
tnan Of very few words md aYcrse to being IN
terylcwca by newspapcr-tcpotters. There Is
appcar In paper. Tho reporter bgoachel the
subject by saying that hc lial calnn to learn
what he Ind to SAY In regard to tic charges
nude IN tho spiinheld Stala Journal. Mr. Doug
las said he bad not seen tho article, nor did
llo carc about It. lie never took any stock In
dict any ythtng agaiast himself. -
tBui," replied the reporter, "tle article
i detcDds YOU against the injustice dono you BY
"Whatl'' cxcla!mcd Mr.. Douglas, ."an In
Justice done to mol No onS s' aia apy in5a9stieo
The reporter replied that he Ind, and at once
pulled out Of Ills pocket tho slip containing It
md handed II to NJ. Douglas, who took n and
rca 4 rssy stttenttvsly Mhsn M ts h. got through
him, waa q tasue OF falsehoolt, which u,na-
mated from thc hrnin of Mr.; .. L: Phil
e ,s ssS. a 4 s spingSsa g Ssasss Ses sove SSs
that = feud has existed between Mr.. Osborn,
Qua Of tho principal stockholders OF tho road,
against whom tho nrttc!e is directed, and MIR.
~ opportunity offers Phillips lsts loose ono Of
those ph!lippics"
"1hcn there was no trouble between you and
stlla pircctorsf" !n9urcd the reporter,
Board accepted my resignation veryreluctantly,
and ouly after 1percmptorily refused to 1a re-
"What Induced you to resignt''
"and thihk have dong enough iard wosk III forf
the road. l necu rcst very badly. That was
the only rcasou, md none other"
Tho reporter, tried to get, some fur
ts1 suapcrp a01nf ayssfon in but 1tesaMs9 M + Doufa s
Thought he !.ad said eaaush. Mr. ". K. Acesr- s
man, the Vlcc-prcsldcnt and Acting President,
could give at1 t!lo otlcr Information.
not dcsirous OF answering such hasulcss fabrira-
ttons rs those in the Joaraas still was willing to
answer all questions proponndea to him.
board Of Directors, and that his administration
had been highly honorable and successful, aud
no reelection. could he or lad over been cast up
on ;,n I by the Boa5 or any ono c1se connected
yesimens M M q Ike soooooo IN the 10 jaek.on 5d on
i Cairo line, Mr. Aekcr1nan stated that
hla COMPANY, abogt @ four years, ago In order to
0hio and through iI,o to Nov orleans, loaned
tho Mississippi Central Aailroad &C. 900 900 With
which to build connection between the twb
lines fr11n Jackson to Cairo, q distance Of 107
lugs and not diminish them, a. the btats Jour
nal asserted. Had raElroad business rpnalned
as good % It wns ut tho time tho money wa4
have appeared Gro thts. But lie general DC:
preston Of railroad business which followed
the, creyasse Of the spring Of 1874, md
various ,,s ,n, other causes, Greatly Impaired
expectations Of it, projectors llare not been :ss
realized, there Is no reason to call tho Invest
mont = foolish one, as tho road must nooner OF
stsr haeomp t5 s9asse o. Prot to ts people o.
the lsast danger that tho road would .lose Tie
mflcs between Jockson and Cairo antt second
mortgage on the rest Of tho road. The proceet
ctlurts locking to foreclosure OF tho Ntw Or.
leans isoa1 were commenced In the interest Of
ths lilinoih Centfal lsat.soat.
TITO charge t1at tho Beard was trying top1scs
the responsibility for thls Investment Upon
tue shoulders. Of Mf. Douglas was pre-
posteEous. At tho time tho investment
was made, Mr. John Newell waa the President.
40 md hs VIZ one 40 Of she Trustees. As NJ. Doug
have bud anything To do with tho measure, and
that slowed at onee the baaelessncsa Of the
chArEcs made by the !Sfats Journal,
The Illinois Central Railroad, whle suffering
der hfr. Douglas' management, ii had scl1oycd
success which feW other roads had, aud was
sttll doing a. we'll o. the best.
IOWA ACKNOWLEDGEMENTS.
9pectdj CoFrsspondenes AZ TAs Trfbuns.