The sun., 1879-06-22
PRICE THREE CENTS.

Very truly, tsipncd DAVIS.
Tnropoar " DAVIS.
CIR o. NEW YoRK 10 NASSAU srR1sI.
DEis sis A. understand that you are going 70 x..
snS q Msoo s fSSSsd % hs
the oiioing sussesons 10 voa, II Won can MAKE com
promise with lie 'Psri. All Decatur Railroad co@ps
yon TssSy sd S a. s1g e, @ Al 1% 70 S
do 60 and would agree to The settlement on Ihs basis TO
Wit The r aud Company oaceuunt tor value o. bonds
said road. The b. O and ". Company % allow the I,
Ss Gus @ qa S SPh duo q! 'PS% s"S "GG1u Go
81 a n qS 's. e Os and cSmpdns @
70 re S e. t enc due sn%sn Ss sws 2,
that there will be question. shout the iont use Of the
upon which to ,etie the main question
Csisnedi Tnfo NJ. DAVIS
THropoRr NJ DAVIS, ArronsrrAr.LIw.)
RECEIVER OCEAN NlnosAL BASK,
~ NASSAU sraEEr.
Nav YoRK. June 10. 1875
cN1,t.. Z no, E.q, s,yinqt.:d, q -, -,
DEAR sra: Yours OF the 7th inst Is at hand. 1hAve
only say that you not think Of allowing
70 90 TO Argument without other counsel hope YOU
gnt ese !. tried and you will nnd him one Of the best
TelesTTssgh me me what you conclude to do D
RECEIVER o. TaE oefis SaTicsit BIsa
~ NASSAU STREET
cnas ltoa laq., SrypiT, IL
judge nun which seems to- require nmsd"s Itsno o%
think you will have To To Olncy and attend to the
Tes, mus. DC heTe and Sd @ a he proper lake 7,
srty to he advertised &c but confess m oit eSve
town to morrow for absence OF some weeks, eon.e:
speak 70 Mr. Mure shout sending the bond. out iesr
YOU VIII have some difficulty IN inducing the Trust Com
hope you go olney and give the business per
CsiFneG THro NJ DAVIS
TnropoRr NJ DAVIS. ATTORNEY At LAw,)
al NASSAU sIRErT. Nlw YosE, Oct 5, 1879.
DsAR siRi After consultation with Frost A Mason. I
have concluded TO go 70 chicago and sec Judge Drum
thnk you ought tn induce your brother TO oin me
a arrive H fhufay nsS Or isf he es tSt so sa
ought e come It y neye DO 90 s, The mater AZ drag
without interview with our side Bob Ingersoll
and .aS word Tor our side hone YOU can zee YOUR
Way to JON me at The Grand Pse,ae Friday. ~ II Hhos
signed '' farO. NJ DIvn
The bonds OF the Portage Lake and Lake Su-
peror Ship Canal Company, held by the Ocean
National Bank, were manipulated in u like
posed Of himself Mason. md other OF his
friends They have reorgnnized it under tb,-
name OF the Lake Superior Ship Canal. Railway
and Canal Company. Davis has been made
President OF the new concern. and its capital
nl9ced The ocann NatinnS RAM yocinsd ars pvS fo
It's claim against the old company 1881. 500 Of
the stock OF the new company. and this was re-
protest OF the stockholders OF tho bank.
Davis rs Pr'siddnt OF the new company. In q
circular dated London, June 3. 1877. and ad-
dressed to the Hon. Levi Parsons. says OF the
property:
!, includes the ship canal Keweenan Point and
including all mine ana mpg nights connected there.
fo Is 10 5000 psr Snnam nn oe" ron OF The 600 %
20 acres Of timber as about 2Olo specially
reference To its value Tor pine lumber ore The
Tie la acres constituting the rst seee uon made by
PROT Pumpc.ly. 10 SD,oJo acres, which is about the
Of tls land has been nNed by various parties prices
"a & p o Sspe minimum r. Of " ps1 acre o to
made by Prot rumpey and Prot Credner, and com.
prise according TO their report az least ~ hneal miles
un he Aeononcc IRON RANGES more Than four miles Of
sustained hy the ofcia Governmen mt e|ors on
surveys made by h Brooks, k,q state GeoioSist Of
que. .uonaby very great the capacity Tor
c aS has Sh eedsa sdSshsss 70 sSs6 dy.9 .Pd bs ~
mines OF the Marquette region
Not satisfied with these great operations at
the expense ot the stockholders and deposltors
OF the bank. Mr.. Davis has embraced every op-
portunly which has come in his way to make n
dollar for himself or his bOndsman. Mr. Mason,
For instance. In November last there was 8 per
cent. remaining due the depoeitors. and Mr..
Davis issued a circular in which he stated TINT
there was due depositors sG4 900. provided they
We're not allowed interest. There were doubt
~ assets which might in two years realize
superior snip Canal. Railway and Iron Com
pany might have a considerable future value:
but It was doubtful whether all these remaining
assets would, within any reasonable time. pay
moro than the tG4 600 due depusltors As ior
the question OF interest, that could only be de-
cldeu by protracted litigation. II depositors
wished 10 realize AT once they could accept tn 70
offer OF Mr.. W. Hart Smith. whose circular had
been sent them, with the proposAl 10 buy their
claims at par without interest. and release tho
stockholders from any liability for interest and
Wke the assets ol the bank IN satisfaction there
OF. MI W. hart Smlth II simply The confidential
clerk Of Thomas +. Mason. tho friend aud
hondsman OF Mr.. Davis. a grcat many OF tho
depositOrs accepted the proposition of Smith
ana surrendered thoir claims Tor interest TO
hun on the payment Of tho remaining five per
cent WITHIN less thnn six months from that
time. all the claims having been bought up, Mr..
Davis, with the consent OF the Comptroller OF
mo currency. ana against the protest Of the
rior snip Canal Railway and Iron Company at
lew cents on the dollar and also various
sua GAINS Tor little or nothing. But not
! WthstundluE his HNerment in his circular Of
November last TINT all these things would scarce
ly sci! Tor enough 10 pay SG4 600 he has WITHIN
month snld thut hs VIII pay the claims OF de-
postors and twenty per cent interest provided
| iney give nm receipts IN iul and allow him to
SS rni er to m 1 s SsaH S9seH15sGp 5Sp As the
| mhloftN ol thr claims OF the depOsltOrs, having
| bought them for i've per cent. of course there
was no objection from that quarter 10 Mr. Davis
| paying a thirty per cent. dividend. The stock
| holders. however altrmIted 10 restrain DAVIS
| from perpetratiuL this last sw indls upOn them
| but the court decided that II had no Jurlsdic-
/ tINn, ana when the Comptroller OF the Currency
WIS appealed 10 he declined 10 Interfere. The
| sworn proof and competent evidence in Davis's
| hanIWrit NJ. showing his connection with tho
! swindIs 10y winch the Decatur. sullivan and
! Mutoon Railroad. and the Chicago and Illinois
southern Railroad bonds, and the Portage Lake
| and Lake superior snip Canal Company bonds
were dl- snhrd of. We're submitted to the depart
mont az Washington, hut both tne Secretary OF
the Treasury and tne Comptroller Of the Cur
rency refused 10 hold DAVIS 10 u strict or even
lax accountability.
The GarIbaldI Diyorce Case.
LONDON. June 21.-The reason Gen. Carl
badi seeks anuul his marriage with Nine RAimondi