The T. & A. A. R. R. War

Altho'ugh the Toledo, Ann Arbor & Northern Michigan rond is in a bad wáy ftnanelally, H seema to be a prize worth mak'jog quite a iU::ii , ::s ghown last wek ín Toledo. The f'.vlu was matnly between the bi adholders aad the stoekboldere. re defaulted, but their houders did not want to go through the lang, expensive process of the coui'i to possession. So they weait In to buy up oontrolling Interes1 of the stock. The Ashleys went with John J. Astor, who, with his friends held the bonds, ■vhile the Belaware-Lackawamia rai i oád peoplo, as etockholdere, were tryin.ii to secure the Aim Arbor road for a feeder and outlet. AVitli the latter was T. C. Platt, the president of the !' s. Exprese Co. The stoekholders at fiist had a majority in the election, but being out-generalled they withdrew ie ihe eleetion -without a regular chairman or the eourt inspectors, thus belng apparently illegal. The road by the push of the Ashleys had been built up through a country which has a future, and with its valuable connei-t 'tons. tg i!0!) miles or track and valuable terminal (acUittee, it must become n time a road (oing a profitable business.