, 1877-03-29
PORT HURON.
T1IB PORT HURON 4 LAKE MICHIGAN ROAD.
tYpk1Ql Enrtesu1ndknce nj Tia Ts.thttak

Special Corr<8pondence NJ Ths Tribune.
PnnT l1uHoN. Mich. March 27.-Thc' telegram
sent from New York to the Wcsfotn AAsociatctl
rFesa lat week reporting meeting OF bonlhndcrs
OF tho Port llaron 4 Lake Michigan Railroad Com.
pany, At which d proposition for tho saln Of tho
road under tho mortgage and reorganization OF
tho Company was nadc, attracted some attention
here but Ia not regarded a. a movement likely To
effect anything. The proposition to enforce Tho
lien Of tho mortgage on Tho who1c line OF road
from Port Huron to l.anslng' Ia SONG
what ridiculous, ~ tho lima Of Tho.
haa been bn1lt and ID owned BY an indepeLfictt
company. organized under tho lIcncral isailsnad
,sM "f she state wc ths .oate u ens not cene.
Michigan Company Tho ch!cago i Nos,hea.tcsa i na
Company has is ut no entangng aliianecs, and
ran or Chicago 4 Lake Huron, 40 iar az ita fran
ch,ses. sfoek. honds, aud acbts arc concerned. Us
!s SGT xor Gentsa IT, q s
from Fort Huron to Flint llAso not tic shadow Of
= legal catm on tho Chicago 8 Northeastern. nni
hat fcw Of y them arc soosl, enough to aupport tho
Thc oilic,als of tho Chicago & Lake Huron Com.
rany. nearly atl ot whom esc located In this city.
u lnaneial Affairs, md appear Indifferent TO tho
ow 1aK e.. a ySaF T.
Ut tho line, and can therefore gtro
ALL THE YAcss Or srn0'AL INTEREST
to slc public. T1ste ere, ~ bEet that with the
psny, and the completion VI tho !ne from. Flint 10
}at!s,.le plan foI tho capitalization Of the whole
n i ss'!sa @ sf y ss sss p'e1 ss.g Ss s
the old con,pai!ot, aai that n,o.s llan majority
u tho hoo,aer. hsse already accented T. he
o doubt tiat iii: viii .oo, Se ss eSainea. a. i
ase "a s, tnGM % n. .gg gs" Is
si.su4rs i:*uei hy 10 Ttu.tsa:. il may u saId;
!ho Old bonlt. and thu lsanc of consolidated bonds
"a 70 M& the nggrsgatc amount Of 81, 0uo. 900 on The
s's Hs t'P s, IT w 's t. ..t,s e soss ~
ss%sa"ss s Is @ s II %ss"! s%
i9r the ,plrlrso of Improving tho road and com.
rlsting IL o4upnent. There are certain rroyls-
preference oscf others but eventually ali arc tS
lhs fact that more than majority Of the bond,
se..u tho nta.ts se9 81 III ii eon ss.
entire deb. upoa tbu plan prepared. That tae men
now managing tho road ftet confident Of lila may
os p9stye1y asserted. md y Il probable tnt bui
comnlt.SrJ Will e'spse oosoFs II Will be fully &C.
Ths freight business now otHescd tho road fully
\ os VIII oesnx .Ssu: aSsa
o. On as Stn. =; q tho rpa nov
u pss.tblo tho line viii 10 put in sccflct c,,,.s
tives with no lack OF freight. .eafs, including lhsy
tnfns.sa ny ths trsnsporlaiion companies, and
% Rsx b. to nsseG % ths os
road i9crea*rs. but no difficulty IL apprpbcuci ia
obtaining ~! thu stock and equipment neecsssry.
The arrangement with the ttIttsburc, Fort Wnyno
cn,s.go itoa M !. suel That sho Chicago iake
Hasssnaer tfaIns to and from Chicago. the arst.
hamea ROAD contracting 10 furnish depot facilities
70 chicago equal 10 those Of any other llne il "
hos .nip sn5ipss;tsd hsowexs1 thai Ls 1osd vii
fos some months ~ Ii VIII tuqu,sc ,ius To- put tSo
stasx % arst.elass condition throut thout. VsfOre
einA snoshe. TX &Tintcr, however. ths Chicago d Lake
LINTON wll, oe abs 70 compete for the Through pas.
wiz u aic he.n W.. a ba't line" now FuYpog east
The 1epa!r.shops in this city have been greatly
cnIat1ed the Hnar, aull the working foEcs }srveiy
1naffsa,sd nut ~ n .4oa to his bsnx
ieW months ths Company Will H. xble 10 buiid ia
oWn Ssts. There has Geen aoIs,o talk Of the fs-
oval OF the shops from Port Huron 10 soou othoe
point on es line. but nothing u ts kind hss cYsf
the EoA1+ - '9' AAes's