The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-05-28
FIGH1ING ornR RffLR0tD.
The True Tnvurdncss Of the Cincinnati. SAM
dusky and Cleveland uostiIiucs.


he East. have talked with several prominent |
railroad officials. personally acquainted with all !
the particulars. and from them have obtained
-uccint and correct account of the progress and /
present status of this controversy.
Tho dim eulty arises chiefly. out Of the alleged
Of upward Of half a million Of |
dollars of the funds VI the company by three of
the principal stockholders tJucuh ". Pierce. |
John = Farlow. and Rush Il. Sloanc.) OF branch
road, running from Springfield 10 Columbus.
These men were also officers Of the Sandusky
Company.
The Cincinnati Sandusky and Cleveland Rail-
road extends from Sandusky ON Lake Eric To
Dayton. in the southern part of the State. Il dis
lance Of l55 miles. II is the oldest road in the
State. The state Of Ohio contributed nhout half
q milton dollars toward building it, taking
stock therefor. the people along the line. also.
contributed largely Soon after it was com
plctrd tiell under the control OF stock ana bond
holders living in Boston. and has been under
their supervision ever since. For muny years
most of The Officers. To whom very large salaries
were laid. lived IN Boston. The road mover
made hut one dividend. aud that was a stock
dividend. ly reason of had management. 1T
hui So run down that in 1860, il became utterly
the state. aud the stockholders advanced bc-
pu' It ia good repair. Rush n sloane "A resi-
dent II Sandu~ky. was mndc President ia lsOt
his annual report To the Legislature, pro-
nuuuced 1t in complete condltion-Ouc Oi the
best roads in the STATE.
About this time jacob W Pierce. who owned
some stock and good many bonds. became the
purchaser. at q nominal price, OF q branch road
running from Springfield. IN Clark county Gust
ward 10 London. whvrc 1t intersected the Little
Mama Railroad. The branch Wa q moro shell;
tho tbs dctayed. the bitches filed up out -
alignment not hallastrd. and the grass growln,
over IT, Indeed, 1t did not pay running IA
The present receivcr. james y. Len ~ SAN
du-ky says that soon after Mr. Pierre. became
tn owner Of ihc Springfield road, he entered
into an Arrangement with John :. Fniluw Of
Boston. and Mr. sloan. 10 rui the road M re-;
pair rom springfield Co. London, ANA tleNtrnd
u nv nulliin- q new rend from ihrr. ~ 1"'um-
hu~. they thrce To Jointly own the whole rond in
equal prlp1u ipn-. i was ptri of ~" ul range
INT That this rad from Springfield to London
should h" pui ln repair AZ III" expense oi ~.
Sandu~ky company. and they oNpcciol to build
Tho new road from London to Columbus COR
sijlUun TO make their speculation sure
niD- and rl' tins all III" other directors hy means
of their stock nui proxies. they formed M plnn
to tht Sauiueky Cotninuv hc'ur, they took any
steps toward .ompietng me extension 10
Columbus. Iy this ARRANGEMENT The Sfuuu-ey
COMPANY usr od t. pay ana annual rcltlE' Ni
forty yer ufium upon the gross earnings 90 the
Columbus branch. guaranteeing thut 10 should
not amount a. less than eighty thousand aoI-
Pierre Sonno and Far'ow owned nllihe stock in
the Columbus roli. and Pierce entered into %
HAVING been appointed ty himself. 90 pui tAc
.A,lI tih' ~ itNli'i- or iyt' it WI ~, WAS
., '",,' II, 49,, i't , ,'l'',.' ,'
The eighty thousand dollars guaranteed rruilse
~ . ~ IT, ''''' ~ ~ w. ''',..1.
nus, V.'l' ~ -- ,N'l N"9 N' ''hl> ''""''
~, ,. i. ,n W a.
H. 40. .i
Pinrso assigned '-thiri II his contract t.
.ri'n @, ~, ~, 'r' . ,,
g. ,,,rt ,r,,t ,t,,. ,,tr,,,,t,..,, ~ a.
i.N & ~ ~ i1', ,i 't' ,.f.,f . r...'. ~.
H. mn IN, Snrlnsn. la ana Linton r04i h. r.,
r rh .,,, " MI a. .Hi & al, h.
h~.i,'v.d a. fnV. i-,n h'',ycen simon and
s1ntN,n ~ ,. .t. -, tlis "a hon n'.
,.,,r,.l 'for ,n 80. Sani,t.lv F.,,.,,'',, " "
In I'M i.,s,. II ,.t. ir',i, ith1' M president
a, ~, S"7,,, ~ Va" '. ~ ,,',, ~, MN ,n, AZ
Sioan,,-vas a. deehI, whom th~ rad from,
Smr'n,,n,'li T., ~ i,,rl'n- f",tl h.. .'.,,'ti a.
a ,aririet. r..Nl 'rIr r.HI 4. -t.rs 'in. =. than
arro.n,-i a. D. ni',',t... II i,',m m. .,.n'ci
Sloane amt lu-ltsf d. Il.- Ma- lNnH Mr..
Slnuu.. drawing ui.u report. Wul d tI, rouInit-
ta' 81 .ned nNiuiurul ns r. He'tp ~ nrn n, tine
Studu-hy Company. MI SlHn' ilu- ttfld"d
tie road 'ong before q WIS coml t.d. Tine
Inny upom this divis.on drew so heavily il, a
iurr ianis ,iat necessary repairs Ca t4clr 'wn
road have ta,n postponed, a., machinery and
runuius 81. AaN" dDtrriorli,d. aud The Ousi-
I'm 1873 Mr. Sloane WAS prosecuted ly the
ST.. khoidnr- for tuiin.-,l. ilNut. I1ND MY odd
lnllrtm. nt- were iNand against him. HIS
~. prlty ln ONO. Chicago. and other lid WIS
attached. II" went ahrnud. llSlng Tor 70 while IN
Belgium. Ihon he pad back quarter of q
milllonA and returned 90 tAi- country - stand
trial Tho prosecuting attorney AMI tho Court
became sat -il'd tlai ih' int,'''n MS eDu.i not
To- sustained. and a nole pros. Wa rut rod An
effort h,ing made 10 institute new proceed ni;-
AGAINST him. Mr. nane determined tp :" ha
upon inrlow and Pi.rre. ii" accordingly hnd
"a uAl flied setting forth the Transactions and
a-kln. the Court 10 set aside the let-. and etu-e
z" money illegally appended Toy fhi0w ana