Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1869-02-10

alIy . consinuatsa Of the Psnnsylvauia line,
and receives all tie westefa connsclioas which
arc,
The Lite Miani, which has Just leased the
IL, both Of which will be leased TO the Pennsyl-
vsnla, giving liss from Columbus 70 Cinsls-
nssi, lle miles losg;
The Cincianati 4 indi anspoiis line Of the c.
lsmbus. Ch,cago 4 Indiana Central. lSs miles
isns, which receives at Bradford JsastloA. 50
The Columbus ssd Chicago line Of the O.. o
! |. o.. 23i milss; and q Richmond. leo Dilss
frsn Columbus,
The Loganspsrt ssd Ri.hmsna line. ~
nilss, With its feeder. the Tsleds, Peoria 4
Wasaw railroad, the section Of which bstwsea
Loganspers ana the Illinois lire 10 owned bv
the Z. L. 4 l. C., ssd which may soea receive
ansthsr branch from Peoria to koek Island sa1
will surely have one 70 Burr ngton.
Al lndisaapslis this road Will receive the
eastward busiss" OF the ar fnsts ST. Louie.
which y iii be completed next year. ard which
Is controlled by vac Pennsvlraaia AMI e., Z. b
|. e., and also from
The Indianapolis i NincsnAes and Cairo
viucennes railroads, which together form the
most direct line 10 Cairo. A large part Of the
work on these roads is completed aud they will
be IN RAINING order soon. The Pennsylvasis
and the e., {. / |. C..are the chief owners Of
these roads.
lhs new through trains from Louisville 70
New York, will run over the Penusyl anis Cen
nal lines from Cambridge City. ls5 milss west
Of Columbus.
Whether tho htigaties concerning the pss-
session of the Cleveland 4 ri tsbarga Railreed
will result il favor of the Psnnsylvanis or the
Erie 10 uncertain but in eass the rennsyluanis
loses its connection with Cleveland thissroute,
II may be able TO secure one BY way Of the
Cleveland l. Mahoning Railroad, which claims to
be liberated from its contract with the Great
Western by reason Of the la;tsr's lease TO the
Krs.
OF course We shall now never absolutely knew
the extent Of the designs Of the Erie Company.
II the scheme vas a. described in the last Ca
sette, it las been completely dsnoishsd BY the
lsass OF the e. q. 1 l. y. to the Pennsylvaais.
Whether the Erie continues it dssigns On the
Pittsburgh, Fl. Wayne : Chicago cansst easily
be discov cred. 1t has slready secured oil the
proxies possible in this country. end has ssst
an agent to Bngland to segssiate With the bond
holders, Who have . vote ~ we'll - the stock
holders II il 10 tAeusht that the Fort
Wayne 10 not wanted, new that the o..
tempt 70 nonopolizs tho Pennsylvanis's
western connections has failed, this agent
will quietly disco Htinus his nsestis-
tions, but ws shall not know IL until ws obtain
news from Epsland, or. more probably, until
the siectiea for Directors, which will take place
on the third Wednesday Of March. A large ma
lority o. the American stockholders favor the
Psnnsy lvania, aud the Pssnaylvania Leg gslature
no0 poooOu tuo i0HVWluE UuIp which 10 iusUuuOu
TO prevent any arrangement with The Erie. II
rsads a. follows:
1T shall be lawful fer the Board Of Directors
Of the Pistsbsrgh. ~. Wayne = Chicago Rail
way Company, BY lot, Or otherwise, 10 90 elassi-
~ the members thereof that one-feurth, % near
a. may be, shall terminate their efacial terms -
directors at the 6rst next annual election. Amer
being thus classi6sd, the stock and bsndhsldsrs
shall elect enly nsmbsrs Of the Bssrd ef Diree-
tors necessary 10 fill the vacancies created BY
expiration Of the period Of services 6xsd %
Aforesaid
A. the present Bsasd has . majority who
favor aconLination with the Penney " ania coa-
pany. it would, Of course, remove all those who
might vote for lease to the Erie, % that at
mest the next Board would csntain only . small
minority in the interest Of that company, and
that minority could be made majority only
after the election in March, 1871.
The fact that IFS Of the 4ss niles Of the road
the part east Of Mansfield would 10 com
parativcly valueless, II the road 10 operated by
the Erie Company, will doubtless have no little
Influence on the stock and bopdho'ders.
In case the Pennsylvania Railroad maintains
its connection with the Fort Wayne, il has been
suggested that il will make that road its sole
thoroughfare to Chicago for through freight and
passengers, and will give 10 the Columbus line
sll the business between Chicago and Cincinnati
and Louisville, now very large and sure TO grow
rapidly with the CON- istiop Of the railroads from
these cities to the South and Southeast.