Democratic Sentinel, Volume 11, Number 29, Rensselaer, Jasper County, 19 August 1887 — THE RAILROADS. [ARTICLE]

THE RAILROADS.

A San Francisco dispatch says that Col. Charles F. Crocker, Vice President of the Southern Pacific Railroad Company, was recalled before tho Pacific Railroad Commission and again asked if the Central Pacific had paid any money for influencing State or national legislation, and what explanation he had to offer for paying bills without vouchers. Mr, Cohery, counsel for the company, said that he felt compelled to instruct the witness not to answer. “What is your answer,” demanded Commissioner Pattison. “On advice of counsel 1 decline to answer,” said Crocker. The commission then went into executive session to consider whether or not proceedings shall be instituted in the United States Court to compel Crocker to answer the question.

President Stayner, of the Cincinnati, Hamilton and Dayton Railroad, has resigned, and A. S. Winslow, of Cincinnati, has been elected in his place. The young Napoleon of finance, Henry 8. Ives, also resigned the Vice Presidency of the same corporation, and was succeeded by Christopher Mayer, of New York. Committees representing the creditors of Ives and Stayner and the Hamilton and Dayton shareholders have been appointed to investigate the affairs of the company. It Is claimed there is a shortage of 13,000,003 in its funds, and Ives and Stayner are threatened with a criminal prosecution. They have thus far refused to permit an examination of their books or to make any statement of the condition of affair*.