The Ashleys Frozen Out

Under the above heading the Detroit Tribune of yesterday contained the following telegram from its Toledo correspondent: "General Manager Ashley states that a meeting of the directors of the Toledo, Ann Arbor & North Michigan Railroad will be held at New York Tuesday, at which the resignations of the road's officials, as already announced, will be tendered, and also those of the complete board of directors. This is said to be the last chapter in the game of freeze-out that has been going on against the Ann Arbor ever since the big strike a year ago. It is stated here that the Lackawanna has full control of the bonds, on which the road is sold out, and will manage the line after Tuesday next. The road was built up from an unimportant country stub line to the trunk line it now is of more than 200 miles. The embarrassment is said to feave the Ashleys in poor circumstances. At one time they controlled a good part of the Michigan lumber woods, and had very extensive real estáte holdings in this city. Ex-Governor Ashley is in quite feeble condition and will make no attempts to regain his fortune."