Chicago Daily Tribune Newspaper, March 29, 1877, Page 8

, fita that wou T RIAILROADS. The City of Ottawa and Its Rail« road Bonds. Rocent Decision of the Snpreme Conrte-- Each Side Tells Its Blory. The Bonilholdera Still Have Faint Hopes JAhat All Is Not Lost. - Reported Balo of tho Port Huron & Lake Michigan Railroad, A Wail from St. Loulis-.-Another Road Swallowed Up by Chicago. Aanual Meeting of the Barlingten *& Quiney The Present Direetors Reselecled, THE OTTAWA BONDS. TSTORY OF AN INTERESTING CONTROVERSTY, The recent favorable decislon of the United Slases Snpreme Court in the suits Lrought by the Town of Ottawa to avoid payment of certain bonids fesued by that munlcipality bo ald in the consteuc- tion of tho Ottawa, Oswego & Fox River Valley Wallroad, in view of the magnitgdo of the Inlerosts fnvolved,~in this case soveral mililons of dollars, —has suggosted the approprinteness of & rort of A condeneed histury of tho case from the atart. Ac- cordingly Ttz Tinvxe gives both eldes of the matter, from which the public éan judgs for {teclf us to whether tho Bupremo Court in Its declslon has rendered equal and exact justicé to all. Of course, foma will sympnthize with the nnfortunate bondholders, while athera will agree In thinking that tha Town of Ottawa was bamboozled Intu an- #lsting in the ballding of & rdad for Which there wan no need. 3 From a gentleman In this city ‘who ls quite fa- milfar with the llstory of the road, but whoso sympathics were evidently In favor of tho peoplo of Ottawa, a'reporter for this paper yesterday ob- talned somcihing less thana ton of information, of which the following condensation has boen mades Gulng back ta the caunes which led to tho project for conateucting the road, and, collatorally, thels- suing of the bunds by the Town of Ottawa, TIE PIRST ACT IN TIIS HISTONY ‘bad its origin in the dircovery of the Vermillion coal-flelds,—gome very rich veins, about thirteen wmlles from® Ottaws—about whoro' value, Towever, the people of + that town were whally Ignorant. Theso flolds— or rather a large number of acresintho tract—wore purchnzed by certain parties, who looked beyond thele nosos for thelr reward. In a great many: i however, they simply bought the cual. Fhoy’ hay privately Qored the carth, found that thero were Inrge nnd rich velns beneath its surface, and, withan. eve to the future, did what n grent nany others would have duno, If they had the means, and what as great 8 number of others would liave liked to do, but could nat do for lack of money,—bought tho land, or, In some cascs, tho coal it contained. Then the question arosc aniong the purchascrs, how they wero to sccure an outlet in order to get the coal to market. All this time (ha ‘Il'\.{!lfl of mlnwt knew nothing of the deposits, 1ho purchasera kept the sccrot to themaclves, and prepared to solve the question 18 to how thoy ehould get thelr’ coal to market, Inthis conncction it Moy ho rald, ro uvaliable did theaa Iands prove to be, thata few years nfterwards they wete sclliug for fully iimes the amonnts pald by the original purchas T'he most avallable, If not the only, way o reach 1he market appeared to the purchasces to bo to construct A road from Btrealor to Ottawa, and thenco up the Fox Itiver Valloy 10 AAnrorn, on the Chlearo, Burlinzion & lrlulncy. Nowy In order ta promutd thie {ntcrasts of thin’ plan, they resolved 1o ask, and did ank, the towna and¥countles Iying along the propoesed line of road to BUNSCRIUE FOIL 8TOCK AND ISSUE BONDS toald in the construction, And atill the peonlo of Uitawa were In denso ignorance of any coal depoa- its on theselands, and "the purcharers, with that ehrowdncess which alstingulshes tha childron of this world, and which s %0 at war with the charac- teristic sapponed to be possceecd by the chfldren ol light, represented tothe reslitents of that town, of whom they askedt this ald, that their purpose was anly to promoto the convenlence of the towns ulong the line of rond. Thes nu douut that many of tho Inhabltunts of Ottaws wora in favor of the road, bo s prand thin, to be connecled Chlcago In suc o way: o pooplo living aloag tho line could enjoy greater facilities for teade, roclat ‘| tercourse, and a thousand 2nd ono other inestiny Dle advantagce. And, ahove all, wonld not proj ert; lu”.mvund(humlcurm up, a8 ILwera, ‘ia Kitlng'? On the other band, thero were thoso— and they numbered many of 'the most tnfluential citlzens of Oltawa—who were u‘p oded Lo tho road, principally becauso It would sadillo npon the town & debt furan linprovensent which It could_then do Yery well without, Bt perhapa su equally prom- fuent objection to the enterprine waw thut, 8s mate tera then stood, Ottaws had a certoin Iarga torritory which was tributary to 1z, aud it was clear that if this ruad was bollt stations wonld be put up At conenlent polnts along the line, greatly to tho prejudice of hier buslnesa.” In such s matter, snld these gentlemon, Ottawn onght o think twioe he- - foraacting, Well, thoy did think About it, and before long thoy lappeaed to remembior that (ho Chicago & Tock Ialand Itond harl Jortlally agrocd 1o construct o road from Streator to Ottawa withe outany expeuso (o the latter city, Moro than this, the proposed arn of the Hock Taland load was to stop at Uttawa, and her objecting citlzons reflected thatthis would bo avor o wnuch hotler for dear Uttawn than to have a road running through Ottawa, ‘leaving it in the postlon of o merd way-statlon, and termlinating at Aurora, Ahat, altugethor, It will bo secn, the men of Ottas wa, when thoy liad donned tholr thinking-cups, E‘.‘:’é‘f Indlllu conclunlon that there were mevera) zood and v, 1t reanons for opposing the Fox River fine. -~ Mcghwhile, In ordor fu stinulate aubscrip. tionw, Lho proectors of this new routa purposely Teft the detalla jn regord (o lta courseIn & conditinn Which burderad on the region of the indeflnite, uven 11 It did not estond clear over beyond those con- Snew. In fact, they proposed ssveral routee, nll moru or lcss_advaniageoun, and,’of courss, thero i any amount. of, coumgiition among the advo. cates of thess varlous Hiftsa—in ollmmwurdu, the property-holders throngh whose landd the'roud ,A“:}'lm run—to sccuro unto themseives a good thing, THR SUBSCRIPTIONS DEGAN TO FLOW 1N, The towne und conulies for miles aronnd wors tanvassod by people of large-hicarted, fntonxely lamanitarlan viows, who represented to the tuge {mpressivlo rmpnrly'numcm the fucatimable hene. I ld accruo to them and to thoir chil. decn's chlldron In cane the rond was built, 1ias) i talked the matter up, tho projectors sat they #elves down und resolved that, under the clrcum. *lunces, the larvosl aniount of subseriptions could R:,lc(;npnuk({lll Ivyltulmln :(‘hu mnd,dlllll runa to this yo from Strealor (o Ottawa, and thenco g Fox ltiver Valioy to Atirara, pAte ttha Town of Ottnwa ‘Che Hrst propunitlon wa thauld ruise 3100,000 to ald the new enterpriso, and a volo to lvsus that smount of Londs was taken, under the law of 1837, The cltizons ope Pored to the road elalmed that tho clection was carrfed In fuvor of the schema simply from the fact that a largo,number of thole follow-ohjectors stid away from the polls, al hough At scems - that thero was & very emall msjority of the legal voters of the tuwn fu fasorof it In sbout three monthe tho rmju:wn of the now road asked tho Town of tlawa 1o vole an additional 830,000, and this Incusure was opposed by many of the taxpayers with fully as much vehomence aa thoy had opposed tho firet aporoprintion, Iut the meanure provail ly althoush by w majorty of 200 than (hat which Lad curricd thy provious wlection, Again, it fu clalmod, tiers woro s great many who- woro Ope L»:.n'-lg;l !uhl‘\lnfi l:‘l;fllu:l'. hlfi whuhlur llll:x?n reason or x 8y from the polls, 1 ¥ ulwo taken unslm, s Ahia wous g TUR SUPPOSED LAW OF 1857, Which provided, amony otier things, that the town had 8 right to ‘maky stich condltions in regard to Lisu'ng bundeas it saw nit, Even Assunnng this law to be valid,—which the objectors deny most strendously on the groond that the s no record of " lts ldu?irull in the journal of the Benato,—it fu clalined that ‘the conditlons made by the Town of Ottaws were nob complled With. On the contrary, it is stilt fusther claimed, the partice who ran tig schomna had no sooner re- celved th bouds than they leased tholr road to the Chicago, Durlington & Quincy for an indefinity t cugth, when puople had gotten Lhelr cyce falrly openied, the Town uf Ottawn commene- el pruceediugs for the purpose of defeating the bayment of the bouds on the ground that th Jaw ndes which the voto wus laken never passed tho Benate according to constitutivnal provisions, Thls ?uullnn 4% Lo the validity of the law v ore the Suprome Courtof this dectded that the votes wore vold, quently, that the bonds were also yold, cause wus appealed to Judge Drammond, of thy uited Etates Clrcult Court, who held that tho nds were good, uotwithstanding fhe clufing of tho contestanls thut the lsw was Rever passed accordiug to conutitutional provisions, Aho cauvo next went tothe Suprone Court of the United States, which body gave o declsiou jast Og- tober In favur of tho va Ilhl of tha bouds, not- mllnundlnfi. anly Iulnlmed’b: ol fawa, that the law was never pusay bupreme Court Lad repeated) fasiied under that law wero \Mfll. A rebearing we npsurd for, al the rnghue-l of une ol the Jn‘fiz«. aud vas granted. The Supreme Court now re Yeren ita Torwer judgment by a vois of ive to vur, sad the people of Ottawa who opposod the Tuad from its Inception, sa well ss wmany of thum Jrho havo stuce laut thelr love forlt, are once maru 'lllnx up thelr volces and’ thank] ‘{A“'" lucky uriotics d ¢ ' fortuties and the Supromo Court 1hat thoy bavg ‘Town of Ot- syuient of these bouds, THE OTUER 81N, Thls i the statcwent of one. sid of the cas For thie othee the public Is tndebled 4o AF: Sanford ey, of (he finu of Wilkon & Parey, of this Lo represent a Large nuwber of the ooud- Lo Iu su Iotorview with Mr, Perry yestor- ol tbe reportor obtained the followlny” (acts, Slawsd frow that geuticuan's swadpoint; 4 & inyed and nocs ent 1837 the Leelainture passed a law anthorizing 1owns ll’yl conntics on 1he lin f the Otiaws, (s #tnck, and [xaue bonds in pay e Iaw was duly signed by the Speakers of buth Ilousen, wap approved by tha Governar, and w deposited with tho Secretary of State nn a {aw of the Rtat of Tilinois, and a0 published by the Sce- retary of State nnder the authority of the Jaw, with other acia of the rersion of 1857, Tn 186H the proj. ectof hullding thia road began to take form, and the various tfowns on fia line voted to rub- scribie foratock nnd iesue bonds, Snch bonds werg s=niedd, And the railway Issned atock In return, Tlhese bonds were suld—nearly a milllon of dol- lare’ worth of them—and are now held by varlons persons and natitations, chiefy in the "Now En. land Staten. Infercat van patd for a year or ty Jut, In 1872 or INTH, somebody discorered tig tho Benate Journal for the year 1857 did not show that the blil, while on ita pasaage throngh (hat Dody, was tead threo times and’ pasied Dy the L upen the journal, On the dlscovery of this suppused defect, the varions towns, although the ruad had been completed nnd they hnd derived great benefits thérefrom, hegan 10 repudiate the bonds, The Bupreme Court of Tlwaols, by 1t decislun in two canes, hold that THE, LAW NEVER PASSED, and that the bor ‘done in that reapcct was yold, The Circi Cotirt of the United Statcs— e Drutnmond—beld that fnit appesred hat the Legislatnra prior to tho Inaue of the bonde passed twoacts recounlzing hy dlirect reference the cxigtenco of thin act of 1KG7 ns alaw in force, the bonde wera good and valli, and hat no exidence was aduinsible to show that tha act did not pans n the cunetitutional manner, The Bonrene Court of the United States, (n the enscs of Porkins uuth Ottawa and 'ast ve, Kendall Connty, vn the tirst hearing ailletnea Judga Drinn- mond’s decinion on snbatantially these grounds: that the act of 1667, purported to have been duly [nesed, by the Legielaturo, was wigned y the Hpeakers of Thonns, approved the Governor, deponited y withi tho Secrotary of State as a_law. published to the world with other acta of the Leginlature asa law In fall forco by the poople for thirteen yearss witn actad upon na'a law fn.farce by the town when it voted and nened the bunde; that it was récognized anavalld cnactment by the Leginlature of the State In_subxequent acts pasacd bafure the honds wera nnued; thint it wan acted npon by thouoilicers of the town o~ a valld luw, aud withont the objec- tion of a single taxpayer; was deviared by the re- citals in tho bonds 16 bo & Inw; was alwrwirds agnln ncted upon as n law fn force when the town lovied and collected taxesto pay Intercst on the bonds, and again when the town levied and nttempted to collect furtiicr taxes forthe same pneporo. In short, the United Htates Sipremos Conrt dectded that the town was estopped from de- nying ita authority to fxsuo the Iallm‘J L, A motion wis 1nude fur a rehearing, and allowed, and the reault in that the Court roverses its former decision and reverses judement, ** 1 DOES TS END THE MATTERIY asked the reporter, 411 the Court has deelded In thia Jast opinion that they were bound by the decinlon of the Su. remo Court of Tllfnoie, {t puts nn ond 1o the canc. Sut §f they have decided thnt the Clrenit Court hers erred in not admilting the evidence tonded to ‘show that the law wun not passcd lccnhllmf A0 the forms of the Constitution, leaving “‘F". for that quastion of foct to bo tried by the Circult Court, then it wiit depend upan anothier teial in the Circult Conrt here , lo decide whether or not there In evidence which will Impeach tho validity of the law," 1‘ What is your opinion of this declsion, genor- all ynnenkln;lz!" > “*Myopinion 18 that it Ia not only an outrape, hut a H outrue. Ilore are these people who have had'ths henedt of this rallroad, and wlio now turn aronnd and repudinte thulr bonda. MOST OF TIE IUNDHOLDERS ANE POOIt PEOPLE. Many of them lvein New England, and a large number nre widows, or yoony women teaching echool, who had Inveeted their eavings in these se- corftien, A rumberof the bundholders are snve inga inatitntions. Why, we hnve hnd letters from our clients that were blutted with thelr tear nsk- ing us, begging us, to do _something for them, Now, the Supreme a‘mrlo! tho State han liclped {hene townw to_ropidiate, aml the Bupreme Court of the United Siatea l\lupnn, |I{ hasdone the suma thing. 1tcll youn plcture full of eontrasts conld bo presented In which the characters should be those poor women, suflering feom culd and hanger, ant of work, thoroughly dishcartened and diseonre oged, muny af thew, and thess repudintors who 1t Lonfires and organired torchlivht processionson the receipt of tho newn that the Supreme Court had due clded that they were right In repn o honest\lobts, Why, theso pooploe along of this road hnve had 200 to 300 per cent added (o the valuo of thelr property, and theee poor women hayo loat their all," And the public will no doubt agrce that it 1e & aad pleture, T’ORT IIURON. THR PORT JIURON & LAKE MICHIGAN ROAD Hpecial Correspondence nf The Tribune. Pout Hunox, Mich., March 27,—Tho' telegram sont from New York to the Westorn Ansociated Press last week coportisy & meeting of hondholders of the Port Muaron & Lake Michigan Rallroad Come vany, at whicha proposltion for tho sale of tha road under tho mortyage and n reorganization of tho Company was mude, attructed some attention tere, but Is not regarded as &8 movement likely to etfect anyihing. - The proposition to ** enforco the llen of tho mortgage on the wholo line of road from Port lluron to Lansing" s soine- what ridiculous; as tho llno of hq, Chicago & Northeastern, from Plint to Lanalng, hun been built and s owned by an lnde[l:l.«ll-nt company, organized undor the Ucnoral Rallroad Inw of the State, whiletheroute in one not contem- plated by the charter_of the Port laron & Lake Mlchignn Company, The Chlcnl.vn & Xun?«.-m(em Compuny has as yet no_entangling allianden, and {s as Independent of the Port Iluron & Luke Sichie van ar Chicngo & Lako Huron, so far as Ita fran. chisen, atock, bonds, aud debts are concerned, s the New *York Central. The bondholdors of tho Yort luron & Lake Michigan ftuad, extending from Port Huron to ¥lint, huvo not the shadow of aleal claim on the Chicazo & Northeastern, ami but fow of them are foollsh enouzh to aupport the pretense of i, ‘The ofticinla of the Chicago & Lake Iuton Com-. Juny, ucarly all of whom ato locatod in this clty. slecline to furnish for publication any statement of ita financin] alalrs, aud appear {ndifferent to the New York movement; but your correspondent s conversant with the hlstary and present conaltlon of the line, nnd can therefore givo ALL THE FACIS OF $IHOIAL INTEREST tothe publie, Theso are, fn bricl, that with the organlzation of the Chicage & Northeantern Com- l'lln], and tha completion of the line from Fiint to Lanang, o plan for the consolldation of the whole iing fro Port Huron to Valpuralso wan propored aud tndoesed by the principal bondlolders of hath the old mmimulu-. ‘and that move Ly & majarity of the bondliolers hnve already accepted it Thu consent of twosthirds s necossary to rouder tho plan muccessful, and there seeins to bLe little doubt that this” will be obtalned. It ia not necessary to give the detalls of this plan, os o)l those directly Infereatud know what they aro, or lvo the opportinity uf Searning them through the circulary Issucd by tho Trusteen, 1t may be muld, Jioswover, that It contemplates the surrenider of ol tho ald bonds, and the Iseuc of _consolldated bonds to the aggregnio mmountof £8,000,000 on the Whole Hue from Port Huron fo Valparalso, 251 miler. These bonds will be disteibuted nmong the soveral Intarests in a falr {rgnartian, btk the old companles conceding someliffuv, and loaving abont b0, 000 of the conrolldated bonds to Lo suld or the [imoso ot fupraving the rosd and co lxlellnfll oquipmont. * Thore ara certaln proy ons regarding fuicrest, somo of the boudw having llé?.(-"?“"“ m::r others, but eventually all are to er cont. The fact that more than a maforty of the hands are nowin the haods yl tho 1'flll{¢ul renders It ovident that no opposillon movement can bu snee cessful, and that wvunm-lln(hn Intercats of all con+ cerned muat be prumoted by a consolidation of the ontlre dobt upen tho plan prepared. That the men how managing the road feel confident of this may bo poaitively asserted, and it s probable that but A few uio - cn.T.pfi'.'n"&h' will elapso bofore [t will be fully nc ed., The freight business now affored the road fully equald its present capacity for train worvlcw, while 1t passcngor tratlic, although as Yot ontlrely local, ls quito satistactory, With' the openiny of spring work wiil comnience on portlons uf the rosd now imyperfectly baMastod or out of ropair, and au noon uy ’pu-llblu the line will Lo put in excollent cone dition throughout, Tha road has thirty locomo- tives, with uo lack of freight-cara, fncluding thoso furnishied by the transpurtation companlics, and a suflicicnt number of passcnger-cars, miny of theny new, to accommodate the nnm';? trafife. More will'be_nceded, of courso, usiness of the the ruad Increases, but o dificulty fu approbended i obtaining all thu stock snd equfpment noccrsasy. The arrangoment with the jttsbare, Fort Wayna & Chicago Houd I8 such that the Chicago & Lake Huron can at uny time comnienco running through Dassengur-tralug (o and from Chicago, the frsts named rond coutracting to furnish depot facilitica io Chicago o to those of any other line, 1t s not expucted, “howover, thal the new road will b able to make tlmo cqual tu tho old rands for ¥omo monthe, as it will rugulre time to put tho track in first-class condition throushout., Bofors suvther winter, however, the Chicawo & Lake Huron will be able to compets for the throogh P senger rallic with the bust’ Jines now rn‘ulnu from fhh)- u.l . ¢ ropair-shopa in this city have boen great d ll.lll wintur, and the wzrklnz farce lmeg In additlon to this, car-shops sre being d with mschine withiu a le 10 bully fee talk of the ru- 'on Lo somiw othor own cars, - woval of the shopsfrom Port ut on she line, but nulbln& of the kind has ever There has Leen heen sorlously contomplste the roaa. CHICAGO---8T, LOUIS, A WAIL FROM TUX LATTER OITY, Sty Louls Glode-Democrat, March 27, 1n & month of two (rom now we shall probabdly ba flooded wiik communications and complaints from sll along the line of the Mlsvouri, Kansas & Toxas Rallway from such of the bustness men along that line as have hitherto tradéd with St. Louls, and in alx monthe or 50 we presume that the merchants on *Changs will hear of It, will sct to work, sppolnt Commiltees, pass resolutions (setting forth the natural advantages of St. Louls), and will then wondee bow it invariably luppens that Chicago gets the [nuide track of St. Louls, her Loaly ud leaves her hopel by tho mai e of Gt H.g hlcazo makes 8 now Incurslon into S, Loule torritory, s wo bave 1o reason to expect auy depurture frum it mesely becausy Chicogu Las just stepped in aud LHY CHICAGO TRIBUnE: THURSDAY, MARCH 29 7 walked off with the most Important connection of Et. Louls ontside of those atarting directly from the eity. The Chicazo, Burlinzton & Quincy Road, oue of the wealthiest and best-managed roads In the country, has recently cancinded &° Irase of tho Mlnsourl, Kareaa & Texan ltosd for ninety-nina yoars, guaranteelug the Interext on fta bonde, and the dead certainty nhead of ua s that the whols Vine rutling throuith the centre of thia Siate, with §ta whole Texan and Southern connections, will bo onperated In the Interest of Chicago, and that it will lenva gt. Louin aeverely alons It isthe name nll ory. Tonis aitting down on ite natural advantages snd going to sleep with ta mouth open, whiio Chicago Is active, wido awake, ubinnitons, and natleing Sn ita efforia to increane trade and to extend new lince. The worst of it Ju that the worst encmies of 8t. Lonis Are ot in Chicogo, bt In8t. Louls, We remember distinctly that when the eastern end of the M., K. & T, wae nt Sedaila, and |ia polo oastarn ontlet was via the Mlseonr! fic, the Missourl Pacific goug- €l ita connecilon mont heartily, and forced it to seek a new outlet, When the extension was made anfl the M., K. & T, was in_a position to demand concessions, the Missouri U'acific wan willing to rro rae, Now. wo presume, it would be will lnfi Aymul frelpzht for mnything it can get: but it wil 1 get any freluhit to hanl un any terma, A year ago the Glohe- Democrat wan lookedton an |mfll{nl and unpatriotic becanee It tried to explain that the ignorant dwellers along thie Jine of rosd preferred pnying & low rate of freight to Chicago rather than pay 8 higher rata for the privilege of Ahipping (o 8t Lauls, Now we presnme thot we ahall be cenmired with equal severity for calling attenlion to unpleasant facts which reflect Ilittle creditan 5L, Loui enterprire. But we cannot prevent the Chicngzo papere frum bringing the facts to theattention of thore wiese intereats are all ad- verse to those of St Lonia, and, abova all, we can- not prevent the peoplo who will lLereafter trade With Chicago from knowini that Chicago ia able to offer them better terma than 51, Loals, We hsve Yost a most valuable connectlun theough onr awn mlowness aud dullness, and it wontd not at all sur. Prhla 4 Lo sco & Chicago combmation step in and huy the Missnuri Pacific or the Sron )lmlllulnl and carry freight throagh 8t, Lonis fur the Chleage snarket, v JOWA. HATLROAT TAXATION. Speetal Correspondence of The Tribune. Dxs Moixes, March 27.—The State Execolive Canncil ast evening concluded the asressment of ralteoads [n this State for the purposs of tazation, ‘They have licen engaged since the first of the month upon the matter, and have solicited and recolved from railrond corporatfons all fnformation and facts which they could furniah to ald themin arriv- Ing ot an equitablo adjustment of the valuation of pruperty, The immense decreaso In basincss of hie roads lnst year, and thc palpadble depreciation 1n value of railroad capital, strougly fnduced the Council ton course nf great lenlency,and to a largu reduction of tho asscsmuent, but ilie law under which they are compelled to act i Iron-clad, and glves them Ustle or no discretion, whether the ronds moke or lose tioncy, Tho followlog Is the arscas- nent a8 made, together with that of the provious year: B, C. 1 &N, Maln Line.... Milwanukes Diviston.. Do bl o, b jx . Main Aibra Tiranc Brownsviile Cli 1i Crea Nehranki Keakuk & Tiurlin iranch 8 Giy, 8¢, I'sul. il & Montezuma It Chicago, Clintun & Dubuque Ciifemio, Dubuqna & Minu., 1 Cilengo, Milwatkee & ‘st Ta Jows & hakots Divlalo: Etanwood & Tipion.. do & Norshwen Indinnvla & Wint Blgmirney lira Gnkaioos firan Washin Davenpurt Den Molties & Kot hwexter: tral, M ain Ll Falls & It will bhe scon feago, Turlington & Quincy fs the only rond on which there Las heen no rudnctlon. It was the only road which dld not ahow decreased umlnfu for 1870 on ita main line. Although tho law conslders the branches as part of all main iinen, the Council have this year separaled theny, o ratber given them the beneflt of decreased earnings In tho assoaaments, as nearly all of them have shown a largo deficiency of catuings over 1870. MISCELLANEOUS. THE C,y I & Q. ANNUAL MEETING, The annaal meeting of the stockholders of the Chicago, Burlington & Quincy Railroad Company was held at tho oftice of tho Company, corner of Michigan avenuo and Nandolph etroct, yeatérday morning, *and contrary to cxpectations It was a vory quiot sfalr. Thore wera s number of Gran- wers present, but of the prominent stockholders there wero but & fow. Mr. J, M. Walker, General Solleitor, and Me, C. E. Perkine, Vice-President, wero tho only Directors who attended the meoting, An organlzation was effected by the clection of M. C. B. Collon as Chalrman, and Mr, L, 0. Goddard us Bccretary, The minutes of the last wmeetlng were read and spproved. The ane wual report, which hasalready been publinhed, was read, Of the 270,000 sharen of the capital stock of the company, only 150,000 wercrep. resented by proxies and otberwise, Most of the proxies wiko voted by Mesers, (icarge T'yson and A. T Hall, All the votes cast were for tho follow- fng gentlemen, all of whom were In the Directory last year: J. M, Forbes, Charlead, Payno, Willinm J, Rotch, Robert Iarrls, Sidnoy Hartlett, T, Jof- furson Coolldge, Peter Gedder, C. E, Porkins, J, N. Denlson, J. N. A, Urlswold, and J, M, Walker. Thare-clectlon of the old Doard of Directors at esterday'y inceting does nut prove that Jay Gould ias o baflled in his attempt todrive Measrs. Pere klus and Forben from the Direclory of the road, The fact that but 160,000 shares wut’of 270,000 were ropresented shows that thera 18 ramo **migger {n the fenco.” 1t Is well kuown that Mr, Moses Tay. lur and others have dispored of their stock to par. tics favorable ta Jay Gould, This wan traneferred #ince the 20th of Fobruary, and stock trunsforred after that thne could not vole atthis meeting, ‘Fhe Directora will meet and organizo n iToston fu about a week, and then the real Aght will come off, if Juy Guuld or men [avorable 1o blm hold the stock which was nut voted yesterlay there can bo no doubt that a chenve wil be made at that time, 88 & pumher of the Directors wotild go azalnst Forbes and Griswold sooner than cngaye in & war with Jay Gould and tho Unlon Pa- ciife Intercet, - President tobert 1farrin hos heen in cousultation with tho Kustern stockholders in re. gord to this matter during ihe paet week. I1is ab. senco from yesterday's meoting seems to Indleato hat some decisive action will "bo taken at the Directors’ mecling at Hoston nest week, It is ramored that if Mr. Forbes Is compelicd to rosien as Dircctor of the road, his placo will be filled by Mr, J, P, Joy, who {u raid tu ba optiosed to the d taken by the former In regard to the Union Pacelfic Rallroad. The risv in Burllngton vtock dur- ing the last fow days indicate that somo such sce tion Is contomplated, THKEE-CARD JIONTE, A Granger from Erlo County, New York, had oc. casion yesterday morning (0 hecoma acquainted with **{ho ways' that pre dark sud tho tricks that are vain™ of the condidence men who ply their ‘vucatlon nln tho mlfln- =cnlrrh;|{ lll;.l)illl'g‘ i l'rh: tlon wae comfor! ol In o8 tho Lk Hhors & Hichigan thain du ot esturday mornlnz, dreaming of tho fuu he would Havo, on-uta arsival here. - Four gamblers hoarded tha train at Elkhart and soon siiutled ont the vie- tim. 1l was invited to & game of cards, and as lie wus po slouch at. this, he readily consented, aud smiled, thinking . low °nicoly he would enlarge his carh sccount. Hut beforo the train rouched Laporte the Granger fuund he was out Just $100. . Tho gamblers refoscd to play any longer, aud nesr Laporte Jumped off tho tralu snd wero soun out of slght. The brakeman of the traln says ho knew the men to by gamblers, but he bad no right to Interfers, Tne managers uof the Lake Shore & Michlgan Bouthorn. should interview Ible brakeman aa well ax the conductor, and #nd the renson why the Grauger was uot warued of the character of the mea. » CONTEMPLATED NEDUCTION, 11 {a belleved that the Uenural Froight Agents of the Esatern roada attending the meetinz at Bulalo will, before adjouralng, decide upon a reduction ut-lrel;iht ralos 10 the East. bhipments bave been I‘ moet napr llml nilnluu u‘nd.ul:;' acco orwar, . tloa o In Y belleved, would stimulato shipments somowhat. The reduction of the urain rates to 30 cents would have boen mady were 1L not for the fear that tho shilppere, instesd of bringlug forward theiratock, would just sdd the amount uf the reduction to the value of thu article, s was dope by the shippersat tho Bissourl Itiver palats when the late reduction by tne Wosteru voads was made. ? ITRM! f the Naw York Central and Erte Rallroads suc. cc!:d In muu-tl‘nz thefrdifiicultios in regard to tho aseenger trafllic between Bufalosud New York, Phunnnuzu rates betwesn ('bicago and Eastorn R&llrn"l-.l witl uudoubtedly be ralaed on the 1l of r. W. K. Ackerman, President, and Josopl Tucker, Genernl Munager of (bo [illnole Central Iallroag, left yesterday mornlug for Cairo to meot the Discctors and others who bave been in Nuw Otg:m attending the sale of tho New Orleans fo3d. Thiree sveclal cars, with emigrants for the Black Hills, lofs the depot of tho Chicage, Burllugton & Quincy Rallruad yosterdsy. DENIED, 87, Louts, March 24.—A {rom_ Seodall Mo., hesdquarters of the acl, Ksnsas Tezas Kalload, statcs vu (ho authority of au ofiicial of that Lompany Uit the rerently.cle Inted report that the Min-onrl, Knnean & Trxae Rtoad had been Jeaeil by the Chicago, Burlington & Qulncy, has no fonndation In fact, TIE PENNAYLVANIA HOAD. Pritaperrnia, March 28.—The Loard of 0. rectorn of the Pennaylvania Lailroad Ce unanimoualy = ro-clected I'resldent Tho Ecott; Firat Vice-Presiitent, Georzels, ol it ond Vico-Fresident, Edmund Bnilth: Third Vic President, A, J. (' Secretary, Joscph Leslio; Treasurer, Bayard Butl CASUALTIES. BTAFFORDVILLE, Nrw Yonrk, March 28.—A speclal from the scene of the Btafford flood, yesterday, says that little Is left but shattered walls, wrocked tim- bers, and here and thers s great chimney, Tim- bers, machinery, and uprooted trees bristle everywhcre, and on the once amiliug meadows, now buried decp {n mud, are scattercd remnants of some sort. Men are aiready at work in ganes repairing Converse and (iranite mills, which, dllmugfi scriously injured, will be pre- served, —— BMOTHERED TO DEATII, Rpectal Dispatch to The Trioune, Dunuque, In, March 23.—1his afternoon Frankie L. Hogg, son of Willlam Hogg, of Mon- ticello, met with a horrible acchlent. Ife was vlaying around In o clevator, and stepped into n large bin filled with oats that were belng load- el fnto a car below, . [o was carried into the cavity In the middlo of the bin, completely cov- ered with oats, and auffocated. When relensed 1t was found that he was dead, A CHICAGOAN ABROAD. He Devotes Iln Energles to Cloaring OfF Church Debts with Surpriaing Kesults, San Franctren Mail, Bome time ago n Chicagoan was converied. He was n wenlthy man, In buslucss. The con- verston was genuine, for the gentleman at onca resolved to devote bis 1ifo to clearing offchurche obts, The task was a mighty one, for a church without a debt Is as rarc as ono without u steeple. The name ot this modern Edgerton 1lamlin is Edward Kimnall, ana he has met Wwith marvelous success in his undertaking. No places needed his services more than Ban Franclsco, The plan which Mr. Kimball prac. tises Is this: Attending cvery church of any pretension to fashion Is a ceriain proportion of men of money and high respectability, who, Sunday after Bunday, with tho aid of thelr quartz-heased canes, walk up thecentte aisle to high-rented pews, but who mnke no public professton of affection for the Lord. Mr, Kim- Dall visits these rich sianers, and, after cxna- tiating upon the manner in which the cause of rellgion suffers from the deadening ef- feets of tho debt which presses on tho church, suggests that it would he a pions ides to do away with the debt. The re- spectable person who attends church regularly, .| nnd lias a great respect for rellgion, colucldes, ‘Then Mr, Kimball raks whether the respectable party would give $1,0001if he could match it Wwitli the rame sum, 'Runcctnmu party, helng corncered, auswers with forced cheerfuliiesy, und o hiope that Brother Kimball inay not bo able to find anybody to shell out, that hie will. When the financlal misslonary hus o dozen or so of theso promises down In Hlack and while, he ap- pears soma Sabibath evening In the pulpit of the chureli, ond, after an finpassioned but very gen. cral appeal dirceted at the hearts of the wealthy, he sudilenly cries: ¢ New, brethren, who nmong‘yon is willlug to give $1,000 toward paying off this debt! Give freely or do not elvont all. Like that noble Genernl of ald who macda it his proud hoast that be never asked a soldier to go where ho would not o limsclf, I ask none of you to give more thunIdo. If uny brother here will promise 1,000 T will seo thot Ihave another good bruther who will contributo the same amount, I{ I do not fulfill iy promise, the brother . who pledges hinself here is freo,' ‘This sort of thing excites enthusissm. Thers {s but small chance of cscape, and the thousand- dollar brethren come out In surprisingly large numbers, ‘Then Kimbnll comes down from his high Grurca to £100, $450, aud $35 contributions, promisiny always to sce the bets, W speuk In o carnnl matner. Mr. Kimball haa reully done great eervice for our churches, and the outeome of his pructieal lubors indicates that he has received a call to his work. Yestorday the Calyary Presbyterian Church ralsed a subscription of €23,000, cnough to free 1t entirely from deht. Lest Sane day Dr. Stone’s” congregation contributed &.’3.000. and during “the weck _between $10,000 and 16,000 was subscribed, Yesterday the amount ncwunr{ to clear off the debt of 87,000 was provided by gencrous members. Within the pest few wecks nearly all the churches of tho city have developed a disposi- tlon to ot out of debt,—no doubt much Lo tha {7 of their creditors, Tho Larkin 8trect Pros- yyterian Church has wiped out all it owned— some £4,800, The Layes Valley Presbyterinn Church_cleared off an Incubus of 87,000, The Third Congregational Church freed ftself of a Tong-standing burden of $4,000; sna nnder Tirother Kimball's Inluence it has actually come nhout that there rewmalus but one church nmone the Congregationailsts and Fresbyterians that owes a dollar, —— Clgarette-Muking in Huvann, The principal cigarette factory 1s, ns fa well kunowu, the factory of M. Susini *“La flonora déz,"~*Honoradez” elgnilying in Spanish, honesty, the motto of the house. It couslsts of o serics of irreqular bulldings, coveriug an uren 10 wpace about cl‘llnl to_that occupled by thy usuil Broadway block. On_the upper floor of tho principal buflding we find a lot of tobnceo, which has just arrived, and is belug prepared for Inapection; the first requisite being to remnove from it any loaves that aru efther dead or In uny way fnjurcd. » The tobucco lays loosely scattered over un lmmense wouden tray, which is kept continually moving, by mcans of machinery, from ono end of atable to the other. Aroutid this table nre seated some twelve or fourteen Cuban workmen, all good fmlu- of tobaceo, Ench one throws aside such feaves as b deem unflt for use, while tho slow but yet contins motlon edven to the tray brings cach Imperfees ton succeasively before the eyes of all. The next step dato free the tobucco fromn any partl- ¢les of sund or earth that may adhereto i This is done by muvhis the tray by machin untll it s overalure Bin, futo which the tohai o 18 allowed to fall, belng subjected In fts pas- sago to o powerful current of alr fnducwl by meuns of an finmenso fun, Hkewise worked by machinery, One step wore, and o very shmple one—that of drying—and tlic tubacco s ready for a_chunge of forin, ‘The tobuceo 8 dried by llmsfly exposing (¢ on the roof, for a few hours, tothe heal of the sun, For ciyarettes it can scarcely he too dry, ar for cigars too damp, Cuban would not {hink of smoking other than a dump clgar, ‘Tu the factorles one sevs the workmen sinoklog cigars they hayve just ralled, und no native could understaud why one should smoke dr; elfln in which so muchof tho natu ral luvor fias been lost. ‘Thus far the process has been entirely one of cleansing ur of freelng from impuritics, ‘The next step Is that of cutting the leuves into fine particles tn order to adupt the tobaceo for clgur- ettew. The scattered leaves aro first collected and subjected to powerful hydraulls pressure, from which they come out looking for ull the world like o plle of snull-colured brick, The molded tobaceo next gous to the cuttiug-machiie, futling from thenco {uto a sleve, the meshes of which pass only such pleees aa have beenredus to the proper size, “The remaluder 13 passed i to a hopper, and thenco gues for a second cut- t! e step more, and the tobacco will b o the *rollcrs,” Home half a dozen Chinese enter the room, cachh varrying with bim a siall vessel containlng an arowatle lquid, with which tho loosu tubsceo is carefully sprink= Ted, ‘The preparation of this liquid 1s not known. 1t 1s doubtless the desire to keep it sceret that {etdl 1o the prefercuce of Chiugsu over native abor, Befare following tha tobacco further Jetus louk at the remaining portion of the dgarctte, the wrapper. 'The originul envelope for the to- bacco was doubtless composed of leaves, the followers of Colutnbus carrylug Lack to épam accouuts of the olrln§¢ custom exlating among the natives of San Sslvador, the smoking of to- bacco wrapped fu tho leavus of thu pal, which was doubtlcss the primitive clgareste, In France to this day ucw straws are much used, bus gen- erally paper has become the ‘mpulur cuvelope. Tois paper must be speclally manufuctured, Most of it comes from Barcélona, where the wmaking of clgarette-paper constitutes an impor- tant industry. All of that used at the * Hon- oradez” factory, after {nspection; s carefully stauped with the uawe ¥ Susinl.”! * By unrolling auy of this uraud of vigarettes this” suark can be readily scen, and servesas the roadlest suecans of detecting counterfeits, A portion of the paper Is sprinkled with varlous preparations to mive to it the lavor of tes, llcorie, or suck other taste as way sult certain cousumers. This ex- plaine the varlatlon in the color of the wrapper, Which is somethues straw-color,somtiies brown, but ore usually white, the latter color distin- guishlng the plfmr which has npot been arthilel- ally flavored. ™ In the cultfug-machine the vaper is rapldly converted Iuto the proper sttv r cne velopes, whilo wiother machine close at band fs turolng out little bits of pasteboard for such of the cigurcites a4 are to bo wade with » woutl- plece.—Gulacy for dprid, LIFE INSURAN Salaries and Fees of Officars of New York Companies. Thoso Officials in No Danger of Per- ishing from Starvation. Local Correspondence on tho Bubject of Life Insur= ance, BATLARIES, XNew ¥ork Times, Mareh 6, On the 10th of Jannary the ftate Senato passed 8 resolution, introduced by Scnator Bizby, In- structing tho Buperintendent of Insarance to ob- tain from ** the varlonn life-insnrance companies incorporated under the laws of the Btate. of Nuw York adetailed statement showing the amount pald, In ralarien, feer, or compensation, or donne tion, to thelr respective Presldents, Vice-Presi- dents, Becretarfes, medical examin attorneys, counsclors, and other employes, in the yesr IW70." OnFeb, 21 tho Snperintendent sent to the Senate s report, stating that while the majority of the componics had sent in the Information re quired, which he tranemltted with the ree port, the. Equitable, Globe, Mntual, Gnar. dian, Knickerhocker, Metropolitan, New York, and World Mntual Companies had not replied. The Eenate took mo further ace tion In the matter, bat the Assembly did. It fn. structed {ts atanding Committes on Insurance to tummon ‘o Albany the officers of the companies which had refuscd to furnlsh the Information re- quired, and to examine them under oath as to the ‘businces of their cumpantes, From the fnformn- tlon derlved from there two sonrces the following tabic is compiled of the salaries and fees pafd to olicers during the year 1471 The riatements of the Knickernocker, Metropolltan, and Giobe Come panies are taken from the testimony of their ofti- cers, given on the witness stand; the statements ©of other campanies are taken from schedules fur- nished tu the Insurance Buperintendent. 1t shonkl be nnderatood that the ralarics and fees in these canes (o not include cominiseions pald to agents on the preminmnthey secure: TIE EQUITALLE LIFE-ASSURANCE BOCIETY, erldent lech pere EUSht apreiad TR af ay wveras Ordinary feesto fifty-1wa Directys THcetTen hiud Incetinge. Of sanOINK ARG sDor clul cominiti Kxamines Asuefute (portaf year) Associnte (partof year). Uther examivers’ fees, i o i e ant ngiientiy Sirburcioty P three o “of the United Siates Total., Mr, 1y tlan as President a8 followa: Salaryaf Ertra com. % Taesiaent, “pensution, fay 1, 1830, Lo Dec. 3L, 1 Eoryear or ye: For Year e year I year I +0 B4R3, 003 Average compeneation (n elehleen yeara, £20,217, NEW YORK LIFE AND THUST INSUHMANCE COM- TANY. President, palary... Vico-Fresldent, fee, Eccreiaricn, two, ciary, waiaey. Medical ‘exam{ucrs salary, Awaregato ralaries and fees (including office. Rt el .8 34,050 * HOME LIPE-INSURANCE COMPANY. Trestdent, ralary, Becrelary, Atthia Medical Sxamin Altorucys, fovs. Aagrej I};l;llulul and fees (Including oflice oy eress s 8 31,670 UNIVERS. CE COMPANY. Presldent, sala) 3 VicpTreden i Recrelary, salary, €5, (001 fecs R, =H erary, salaty Eeofhni Fick, Biniat )A‘fl"c“{lt. ‘lllll'll!l'l:‘ fees and sl dtorne; ves aud # Fres nnd dunations to cmployes, other b naiary.... aen aae 12,834 Aml‘{llfl aalaricaand fees (Including oflice. cinpluye 110,428 UNITED BFATES LIFE INSURANCE COMIANY. Prestivut, satury, uperintendent of Agenei Fecretary, fecs and saiarics Attuarg, fecs and salury. Medieal Kxaminers, fecs Attoruev, fe jalarics and fees (Including ofce Affif;fiy. 2 eo0re s 181,000 THE KNICKERDOCKER LIPE INSUBANCE (i PANT, Actuary, dula w0 i\nurnr’p. salatled and fee a0 Nedicat Exmnino S Managiug Akvn! X iy sploye 2 40 Tolalovseesss srsreee o 4, 200 W) NEW YORK LIVE INSURANCE COMPANY. ! Medjcal Actuary, salary, Axgregata s vipdoye Agarensto ual e employe 7O} ddent, salary.. - Presient, Eccretary, $7,000; Asalatant, Melcui Exa Attoracys, fees Aguregste salaries snd fecu Uucludiog of- 407 Cotal el JEsmiuls 1dm £0 cnptoyes,se 87 GENSMANIA LiF NY, ent. salary and {res, 8 51,807 resldcnt, salacy sud 1w Toiary, 700 ul"! oun) o ! st (R Aggredato salar e eipluyes) | ary. J vus and sulur e uhations to employes other than salary... Aggregato salaries and fees ({ocludiog office oiployens. 71,220 TR METROFOLITAN LIFE-INSURANCE COMI'AN Presideut, L Y phenfreis evrutar Medicsl énnulm Aggregate sal. ciaployes). TUE GLOLM L) Preudent, salury uod fees. Becrotary, satary aud fei Managlug IMrector, salary. ry. 7y and fov (vl Exsulners s \Miocoeyd, foea Fels aid donsitons 0" Chipioye Saluries of employes.., Aggregate of sll valarics and fees .. 8144, 000 Til8 NUTUAL LIVE-A38ULANCE COMPANY, @ vdleal Eaal Attorneys, salury g Attoraeysvui of New Vork, Clerks (1010 numbet), galdrica. Aggregate vl allsalariie aod s dent, walary nad niaty ani fon PROVIDENT A4 Prestdent, salury. Vice-Prestdenta it Becretary and Actuary, salar Medteal Bxaminers, fo Attorneys (thiree), fect Aggregate salaries and fees (Including of. tice employes, BROOKLYN Presfdent, saiarj Vice-1'res] ea] Exan Attorneys, foes Aggreepate salnrfes and fees (Including of- 78 Cmplo;ead. o Lo 008 37,310 AMEIICAN FOPULAR LITE-IRAURANCE COMPANY, alary (no fees mentione. 3 1, ! an Burgeon-in ) A Aato . . me:m;'";:‘nrln and fees (fnctading of- . CORBYESIPONDENCE, T the Editor af The Tridune. , Critcaan, March 24.—1 prefer ta believe that Tos Trinuxz in ita recent revera sud pereiatent critle ¢lsms on the husiness of Jifc-Insurance has been prompted, uot by a desire to ace 8 systom which han for more than an eutire generation heen fraught with mo mnch of goed to the general public totally destroyed, but rather to aesist in eradicating soma of the evils which hava grown up with the aystem, But let me ask, in all eanidor,.do some of its indis- criminate attacks npon the manacement of all com« pantes (implled L least), becaure of the recklens, and In some casep criminal, mismanagement of a few compnnies; 11n satire upoun Ine agency system, which la the life of all companies, because it has developed rume taceally bores; 118 perversion of ficares, by which it attempts to eustain its untena- Lie positiun, tend Lo direct the attention of tho pub- Me to the real abures of tho busincss, or to under- mine thelr confidence In the whole system? Trin Tminvx certainly dovs not desire tha Iatter resnit, Dut in {ta fust weath st the extravagance of some companies sud the rnu\m{ of others, haw it not ten led into -the Injustice of involving the wholo — fubric Hfe-insurance fn ' fts anathemn! ‘That there ay be ' and Is ax wide a difference In the eonduct of 1ife-inanrance companles ns In banke, rallroads, or commercial houses, Tie TuoeNe will not deny, While the management of some of cither class {s worthy of all prajse and confidence, others are, from’ the flate of thelr inception to their ingloriooa taking off, frands uf the mort pronounced type, Compare, 'Dr(‘!um‘lilv. the record of one of the leading New E cumpanies (and we cite this company beean: % afalr exponent of the old conservative slow-but-rure grade of Cflfllplnltlf, tith othere to which attention has been directed in the columns of Tne TRIRLNE, on the subject of Iapnes and salarics, qnestions which have of late aroured more intereet than any or il others con- nected with the husiness. Tho total salary lint of this company to all of 1t ofiicers, connsel, med- ical examiner, clerkn, and other employes, in loa than the amount pald to the Presidents of some of the New York companics, On the subject of lapses, Tnz Timnuxr, in its tasne of 1 wth fnut., IR, very far wide of tho mark, 1t showed that the Jfpres of a leading New York company were, in ' 1HI0, B2 per cent of tha policies terminated In that yeor, and argied from this exhibit that ouly 71; per cent of the pol- icien fesned over hecame clalms, while the remain. ing 1244 per cont wero Inpeed, 'The facts are, that these lupaes were from their ontlro Lusiness, ex- tending over a Joriod of more than thirty yeare, and wero lesa than 10 per cent of the total nume her of policies in force, ‘The record of the New England Company above referred to,—and it prnhnbly will not differ mate- rally from thiat of tho other older and conmerva- tively monaged companies,—is that of all the polt ¢les 1t has ever written, In a hasinees of thirty- three years, - After deducting all tho death-clalmas and inatared endowments paiil (which amount to over 400 per year), aud all term policics which huye expired by limltation, together with the act- ual Inpses fur any can<e, there stlll remain In force nearly 40 per cont,—ceriainly not as bad & rhowing for the [mn(llcney of policles as Tun THINUNE endeavors lo make. Now a word us to whot hecomen of the money rald by policy-holders, The report for the thirty cading companies to January, 1870, shows: Amount recelved fur premiuma ... of Amount_pald_policy-holders in. death- CTlme, efdowmiente, dividende Snd sor: FNACE Vi 401, 208, 447 Investea funds owned by poifcy-huiders, ... 351,041,271 H764, 500,720 Showing that the amount retured to pollc'v- holdera and now fivested for them excecds the wmount recelved from them by nearly $4, 000, 000, the Interest mcel,)ln having carned this cxcoss In addition to paylug sll expenres, and this in a burine-a which by ‘many writers s charged with dedpoiling widows and orphans. cne 0 the Editor of The Triduma, Hexny, 1L, March 27.—~There are multitndes of your renders who, llke mynelf, have mors than a paseing {nterest In the snbject of lifo-fnenrance, and recent developments In that department of, In- dustry has made them painfully aware of tho fact that, as in all other eublunary matters, #0 in 1ifo- fnenrance, there 1s, to say the least, some Kttle wncertainty as to what the outcome Isto bu, All othershly Induced” many to invest largely: by atus, for all bumen plans aud promises, 1o pnt down fonr and take up one s not sa remunerative 1o the patters as it s to the tukers, Bt now, 1o conie rizht down to the brass, an *big alarics™ {0 the latest cyu-opener, will yuou enllghten us on one polnt, —your means of ab- Intantny tnformation sre larve, wiiilo ours are lhin- I Ited? "Taking the M| 1 Life of New York an an Hlustration; *they, or 1 nndemstand it, claim to be pumlly mutial, biaving no stockholders but the Jne wared; and no capltal stock upon which dividends mtist be declared, bul givin:? the pollcy-holders the entire surplus, after providing for the reserves and paylmi he sxpensos, In the shape of divi- dunds. “Thuls Company has 8 Dircctory, n Hoatd of Trustees, and a full corps of exccutivo oficere. Who elects theso men, and who determines the pay they shall have for thelr scrvicea? Yours, Al ML Foous, LOUISIANA. Tho State of Affuirs In That Htate as Scen by ® Northern 3Man Who Hay Iteslded for Muuy Yeurs In New Orlenus—-\Whnt tho Teople are Htruggling to Accomplish, 0 (hs Kditor af The Tribune. NeEw OnLeaNs, March 24, —The views oxprossed fnTus Tumuyz on Southern afalrs huve often commended themsalven to the fair-minded frionds of thoBauth, Yourpaper bas shown & wlllingness toackuowiedge the wirtakes of the past, snd, what {3 much more ymportant, & desire o remedy tho evila, Ik, thorafore, a place tn your influential columns for an expreasion of wy views on Loulsl- ans affalrs. ] whisll premise my statoment with the rumark that I camu here from youp Btate, thatl have been engaged for scveral years In teaching the colored people, thatny past course and present position aru such that nune can question my fricod. shlp for the colored racoj but the principles which make me u friend (o theio In their weakness, makeo we & friend also to the white people In the wrunge sud abuses which thoy have been compelled to sufer. . 1t has often been sald thatif the white peoplo had adopted a more pacificatory policy at the be. gunlue of reconatrnction they could have won the colored people over 1o thelr supporf. 1 thought so utane tine myself, but after more observation L do not thinksw, The projudice of the vatered fnto his heart fu ihe days of {s fastencd thare by years of oppry quited toll. 1t i a horeditary bitterng nothing but years of freodom und fayor witl sweet. en juto hearty good will.' Again, it Iv a sugpestive fact i this Cunnoction that the men of cliuracler sud Integrity In the ltepublican party, who at drst touk part i the politice of this stat e been compeiled to yleld tu the denngogues and scoune drels. Tho colured yote of this Biate fel) into the lands of corrupt Snlltl:lnn- Just wimply because 0o other class could control #t, 1t §s a temectably fact, which has been verlned in every campaign, that & Lad man bow ten ttmes the infuence over the colored vote wielded by 4 good man. 14 hue Leen wald, too, that men aro killed in thie State merely for oplnlon's suke, This statement has found expression even Iu one or more of F'res- dent Ursol's Etate papers. But thls fs not true, b your peaceful and prosperuus State political lm: crence may be nicre opinton, snd you may feel Lat §¢ does Dok wuke s very great ditference whether one party or the other succocds; which- ever galns tho victory the lulerests uf the wreat wsss of poople will ot be atfected in the least, But here, where Government has beew but little Letter thin organized robbery, where Legislaiures 1meek to plot and plunder, wiiere the foris of law have been more tereible to hlm who was. capable of sullering wrong than to bha woo had the will to commit wrong, it s not su. 1t la fuipossible fur your Nurthern readers to realize the feelings with Wwhich the white people of this State enter luto & olitical campsley, it is o coullict of opinious, Bt atrugile for s rigats of property, (GF th privilege of prosperity, aud for that fori and kind ol yoveruwent waich” wake it a blessing and uot an uwful cupse. It combines all the cnengy of hope sud despalr, Defeat is viewed 34 ruin, aud viclory as prosperity, pesce, und joy, ot for the politiclau, but for oll. ‘That such s slsuzgle rhuuld eugender bad blood, sud ofteu result lu violence, whould not he thought rtrapge. even though we du mwost beartdy cundemu vivleoce. — Ta regard the eonfiict here as & mere difference of opinion 1 & aupnricial vlew of tha case, which has cen A frnitful source of evil 1n the pant, and hich totally unfita thoee who hola it ta deal with the matter il the present or fatare, Had Presi- tent Grant enrly taken A mare comprehonmive view of our difMicuities, ho wonld not have heen come< pelled in the last moments of hin Administration to mike the humiliating admission that his Loulsisns pollcy had been a fallure, Agaln, there {a a feoling in the Northern mind that the tarbulence of onr [;olmcflndlcllal hostilie |r o the reconstruction acts, and alro dieloyalty to the General Government. Thia oleo Is & mistake, The people of this Btate are not opposeid 1o the reconstenction acts, hut they sre onposed to tha fahase of thosa ncte, and_they do bitterly lament the evil which have flowad out of the. The are not opposed to the negroes' rizht to vote, bu! they are opposed ta his i every good Intercet of tha tate and community. It is cany enoush for the good peopls of tho North toncceptall tha reconstruction amendments, for sl the conse 0f Mason and Dixon's line, but for thoso wio have rat in the region and shadow of darknces, and feit a1l the aMictionn, and borne all the sorrows, and paid s}l the penaltics of & contly experiment, f hos hoen no eany thing to render a cheerfal ace qaiescence, ‘' to behave and qnlnt thenseives a8 a chlld weaned of {ia mother.” ¥+ Reconstruction hias been & fallure, ™ raye 8 loading Northern pas per. To Jta readers that meto siatement of ‘an opinion, but to the property-hnldeta of Louisiana 'pl h{lflfl;-l;;:l I{nn‘ in &e soul. “Blilr‘eiybulhmu coplo not to havo been expected o ba mur, JREIERt than 400 Bimeeit, 5 ¥ As 0 dieloyalty to the General Government, this I8 no port of the atrugzie. 1t s a strugyle for Jo- cal governmient, and not againet Federal authiori- 1y, " It In tha instinct of acif-defense, strong In tho bearta of liviny, eamest men, and nos the ghost of the ' Lost Cause,” that marshals tha hust to tho conflict, 1 belleve, and belleve Inily, that tha Kouthern people left their cause whero they loft thelr dead, on the field uf battle, cherish the memory of both, yet they never expect to call elther from’the grave, The attitude lately asanmed lurrrllell those fn the North who knew fo Jitle of them, but it did wot surprise who = haye lired among them, taken them ll{ the hand, and heard the expressions of theirlips. In this connection it fa plessant to rentark that nowhere have I heard sllusions to ane reat country more hcml“ sppianded than hy New Orleans nndlences. There §o hiere the great- cst respect for tha (Jeneral Gevernment, and & studled care to avoid all appearance of hontllity, 1t may be called the respect of fear; but it mattcrs. not what it ml( y 1€ has g0 {i onducted itaelf with the greatest propticty, and fnily vindicated ilacharacter, The cry of **tebo!l ** has often been hurled at this people, often been made an efective raliyin ery by demagogues, but for all the higher purposes of atateamauship it has been as hortful BA 1t was false. It brought no light to the North- era voter, no wirdom ta the rulor, and no rellef to the trouble, ' The direane I not there, and th ap- pileation only goads and irritates the sufforer, It what haa already been sald kranted that your readers desire to know the real slate of the casc: thatthey are willing to ac- knowledga that their remediea in the past have not cured the discane: that they have peremptorily bade the ghost down, and yet It would not down ; that the General Government hna settled Lonislana affairs aver and over again, only to_find wi euccessive camupaizn that the evil had assumned greater and more lhnllenln:nm{onlmm. 1 come now 1o a statement of 1 this, 88 I have already intimated, In tha hud pov- ernment with which the State ban been aflicted sinco recunatruction: a8 voted Into exietence by colored men: not that it wan adminiatered larzely by ** ug.ut-buzm.“ e they are termed, that It is oppoeed and condemn ed, bt becaune it la bad, bad, and nothing butbar. Wihatever prejudices may have entered fnte recons riruction at the beginning, or may still remaln tn the henrta of the people, these are not the catuse ugpo!lllnn. but the head and front of the whole oilending i+ the hideans character of the Qovern- ment leelf, Let it bo understood everywhere that thiv fanot aconfllct with volers because they are colored, or with ralors because they wers not born here, . but with the frightfal evila of corrupt sod shame® less misrule. making that vote s terroe « uences are on the other side * nd while they - by the nouthern membern of Congress * have taken it for * o real evll, and Itis pot that thls Government . Hud the colored people givon to this Btate good Rovetument, I bellove that thelr arty would soon cient lo honest and faithfulnen to mako 4 capable of self-defenne; and carpel-baggors * raled wiecly and well, cltizenshin would have Leen atoned for thelr government, dietied & dimgeaces fl characier that a dlsgraceful epithet was found to desiymato them. Prejndices wear oat, and sce- tlonaliem is yoon forgotien, but the uatusul In- stinct which impels & man to defend his property, tho love of guwl government, and the conrcious snperlority of intelligence over ignornnce, are vlo- ments which ean neverdie. And these are the ele- menta which enter lnto this strugsle, Tho white people of this State have for yosrs grosned nnder the worst of Uovernmente, ipports ed by the most Iynorant voteer, aud administeril by lticlan<; they bellove, with their in- net, and thelr natural intesest fn their prope- erty, and in the welfaro of their own State, that they can govern more intelligently and more hon. extly, 1 helleve o too: and now that thoy hava clected thelr own'Governor, they ouiht to be ale Towed to make the trial, e their briet by the henefits and blesnings of Ti was only when lh?{ hud " es AMUSEMENTS, TESCENE e kb IR PLYMOUTH CHURCIH, FIRST PUDBLIC PERFOKMANCE In the Weat, VERD 'S TO-NIGHT | = [REQUIEM MASS(= TO-NIGHT! By the Full Chorns, 130 Volces of tho BEETHOVEN SOCIETY, (¥ WOLFSOIN,; Conductor, aaisted by Mrs, V"'l'f"‘: 'I‘lplvl:lun Mian ¥y I!el'ei:rmny. b (2 Cari T TIEBERVED BEATA, 150 Bist & BHELDON,” Managers, KEW CIICAGO THEATR Clark-st., opposite Sherman Tlouse, COMMENCING MONDAY, APRIL 2, Emerson’s Famous Minstrels! * EMERSON. . ! 1 L kKGR Ay A Mansaer LOOK AT ALL THE OLD PAVOItTES, The (irnat BILLY EMFRE N, q favorite, "{ LLY RICE, ThoWotcrtt Miats i G AR, 1ok W0, Sndertl L ot it Al e teira o 16 berforme and nublle llwh the :nler ‘band of the 'Gvfi. i Popular prices—Pspquette and clrcle, 73 ceots; Dresm Circle, 80 centss Gallery, 38 conta. No exira chargs for reiarved seats, MATINEEH BATURDAY ONL{ AlaTalliio Cont. McVICKER'S TUEATRE, LABTWEEK of the great Irish Comedlan, Mr. DION BOUCICATULT ho will i 4 BATURDAY MATe TR A TR A THE SEAUGHRATUN. The Celebrated Actress, MISS CATHARINE ROGERS, as CLAIRE, n it hexier, Ry e AT 7T AN e Bergstein, 1. Next Weeg—lievlval of the Comedy successcs, * *LEMONS,” and *OUR BOYR, reday, April S—Tienent of Mre, Fraak Murdoch, Carriages'can bo Ordsrud st 10:30, HAVERLY’S TUEATRE 3, 3 " MAGUIRE & IAVERLY. «Propristors WILL E, CHAPMAN,, nagar Engagement of the distingulshed Actress, MISS CIHARLOTTE THOMPSOR Suppotted by the Company from the Grand Opors pmflnnu’. L‘Intlnnlnll‘ {n the (ireat Play, P MISS MULTON, Iayed by her with unduubied auccess at the A Unf-’)n Bquare Theatre, New York, Next week, Daly's Fifth-av, Theatre Company, WOoD's MUsEuM, BEN COTTON R Rolo Pr'tilpg tor and Maaager I Crowdia hishily by the clita oF o cie, MONDAY, )llr\"&l h{ \ eatire chsuge of proe gramme. ey and batur aday u; ?.‘Xnfl‘.‘.m...’m 34, 23, 8ud'1% ceats, Noexs for rescrved seats. ' Museutn open dally to8. p. m. Speclal performance Sunliy HTS. ay. ADELPHI THEATRE, & NIGUT THIE|NIGHUT, AT 7:43 0'CLOCE o 1 T T G R e RICKEY & SECARTIY it Baibriay Mt The Greasest Ll Yet, * U DUTCHM AN, et of CHARLES ANDR) 1t and New Pantuimiine. LADIES! ¢ PLOCESS renovaling with: rfifi;&:}.‘l’:&}v&l{(lhfi&:; U A Silk Suits, ‘Woolen Buits, Party Dresses, Expenasive Bilks, EMBROIDERED 8ACQUES, Gentlemen’s.and Children's Waear, Also Lawbroquins, Lace Ourtalns, LaceVeils, and SEHAWILS, OF EVERY DESCIIPTION. AUG. SCHWARZ, 138 Illinois, 100, NGIALH Clark, aud 263 \Woss Mudlsonat. Gl s