, 1881-04-03
TILE RAILROADS.

| 0NAA~%t5os Il.
| ROADS Tor the possession of the Chicago
Rockford d Northern Railroad soems t
| nave ended in victory for the Chicago
Iowa, or. rather, the 11inckley party. Judg
Eustls, of Dixon, yesterday morning issue
VIII Of assistance directing the SAeritfs O
osle and Winnebago Counties to assist Re
celver uo1comb, who hat been appointed b.
Judge Eustls, by every means at their com
mand to maintain possession of the road
In order to avoid conflict of autnorit
Judges Eustis and Brown (the latter had ap
pointed Mr. Jones Receiver in tie interes
of the Milwaukee IL St. PauI) held confer
ence during the afternoon, and Judge Brow1
agreed to withdraw his order lirectin,
Mr. Jones to take possession. This vii
leave lr. Holco1nb master, Ut the sitlla tlol
anu Ill possession Of the property. At las
accounts the Milwaukee l. st. Paul had no
wlthurawn its forces, but it was understood
that It would yacate the premises Us soon a:
tne sherltfs demanded possession, and Re
eelvsr 1loleolnb and the Sheritfs started fol
the field Of operations last evening. The ac
counts regarding this tempest in tea
pot" telcgraphed from Rockford and Ro
cllelle were rather muddled, and did not give
clear idea Ut What the contest was about
1iinckley interest the following clear state
ment Of the case IS obtained:
The Chicago, Rockford s. Northern is the
extension of the Chicago l. Iowa from
koehGlie to Rockford. and was built by Mr..
+: +; 1iinckley, The capital stock is $l0o. 900,
Ut which the Chicago d Iowa Railroad Com
pany owns S5o,ooo and the other $4,000 is
principally owned by Mr. II. II. Tinker and
Mr.. +. +. uinchlcy. Last year Mr.. Tinker got
an Injunction restraining the voting of the
stock lssued to Nr. Hinekiey rs Trustee for
the Chicago IL Iowa Railroad. but bcfore the
service OF the Injunction Mr.. uinckley de
liyered the stock to Receiver IIolcomb,
1herenpon Judge Drumnond enjo;ned NJ.
-llolcomb from voting the stock until further
n:terS. ,, ihe e Tinker party then elected Il
Board OF directors, whcreupon the 1iinckley
party Instituted quo warrlnto proceedings,
and, after a years pleading and litigation,
Judgment OF. custer was rendered against all
OF the Tinker party. Nj. lIolconb was aft
erwarls discharged as: Receiver, which gave
nunl meeting March :, 1881, the 1Iinckley
stockholders got all injunction restraining
the Tinker party from voting, and then pro-
ceeted to elect a Board IF Directors, Of
which F. =, ninekley was elected President
were holding the annual meeting the Tinker
party came into tile room and pretended to
organize n stockholders meeting, and in di-
rect violation OF the Injunction pretended to
elect Board of Directors. Mr.. 1Iolcomb,
holding 0ne-half OF the stock, and others who
held small amounts of stock that was not
enjoined, demanded the right to vote, and were
refused. Then the minority OF the stock, all
Of which was enjnlned, pretended to elect a
Board Of Directors, of which j. D. Harvey
tlority of this Illegal Board, It is c1aimed
that lease WAS made to the Milwaukee T. St.
Paul Company.
About two years ago Judge Drummond
appointed o. Il. Glover Receiver, who never
took possession, and the 1Iinckley party, be-
t31ff3Sn Snf1 NrE
was appointed Receiver would be dismissed,
went into the Ogle County Circuit Court,
and, On the :s'd of October last, c. F. 11ol-
comb was reappointel RECEIVER. The Tinker
party. not knowing Of this action, went into
February, and Mr.. c. c. Jones was appointed
Receiver. March % Jude Drumniond dis
missed the case from the Federal Court, and
Immediately the Milwaukee Il st. Paul Rail-
road ATTEMPTED to take possession. Receiver
llOlcOmb, claiming the road and maintaining
his position; refused to recognize the NIir
waukee 8 st. Paul. Thereupon the Mil
waukee & st. Paul went before Judge
Brown, who had appointed Jones Receiver,
and represented to him thai Receiver IIol-
eSR ca%DaS WAS and sfed e Warh ot prop
erty had been destroyed. Judge Brown then
directed Mr.. Jones to take possession. This
STATE OF affairs being brought to the notice Of
Judge Eustis yesterday, he issued the writ
y
tain possession of the road, as stated be-
fore.
Mr.. Holcomb states that the entire damage
done to the property by overZealous EN-
plOyes does not exceed 500.
FREIGHT SHIPMENTS.
During tie week just passed freight ship
ments to the East increased very heavily.
This increase is not due to a revival Of busi-
ness, but to the fact that the snow-storms the
week before had prevented the roads from
loing much business for the first three days
IT tile week, and much of the business that
should have gone then was sent forward dur
ing the past week. Besides, shipments are
always heavier for the last week of the
month, as all contracts have to be settled OIL
he last day of the month, and consequently
Lhe roads were crowded tlurlng the last few
men ali agree in saying that business is dull
and that shippers are not at all anxious
70 ship at present. there being little
tenland for grain either. at the East or
n England. The prices here are higher
han The Eastern and foreign people want to
,ay, and the dealers here rather hold on be-
cause they expect better prices later. The
Weather seems to have the same effect OH the
9rices of grain that it has on the mercury. Il
he sun comes out and1he prospects point to
ECooAtIOA VI LUoLall1Eo Oll LILO pd1G VI
he weather clerk the prices go down,
nd when tho sun becomes obscured again |
" clouds and few flakes OF snow begin to
all, prices go up again in anticipation of con- |
inNcd cold and unfavorable weather and
'robable failure Of the crops this summer. |
Is long as the unsettled condition of affairs |
ontinues the railroads cannot. hope tn do |
cry large business. The reluctance of ship
ers to make shipments East at present is |
rhat induced the Eastern lines to reduce
he freight rates at this time. The new rate. !
cents per 100 pounds OIL grain from Chi
ago to New York, is as low as the lowest /
ate charged during the last summer, and it
rill have the effect of stimulating shipments !
omeWhat.
The total amount Of grain. flour, and pro-
isions carried ty the six Eastern lines from
lis city for tile week ending April } was
:, ,9G3 tons, against $1,000 tons the week
revious, an increase Of i, eo3 tons. The
1lhwing statement shows the amount Of
usiness done By the various roads:
FTnur, fto,.s of It0ns ufE Total
br4s. 2.oo0 2t03 tons.