Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-24
MISCELLANEOUS I83

MISCELLANEOUS 4l3
The Pennsylvania Central has of
iered to lease the Pittsburg, Fort
Wayne and Chicago Railroad, guaran-
teeing seven per cent. upon a capital
d S2o.3e0,9 DOC. 44 H$lUl2N
The Secretary of the Interior has
instructed Commissioners Warren,
Morris and Wilson to examine and
report upon the last eighty-siX miles
of the Union Pacific Railroad, com
mencing at the one-thousandth mile
post, and terminating at PromontOry
Summit. az El1 +
The South Pacific Railroad Com
pany received on Monday in ST. Louis
the State Treasurer's checks for one
hundred thousand dollars on the con-
struCtiOn fund Of the company,
making one million dollars the com.
pany have applied to the construction
of the road and IeYees. One million
dollars still remain in the construction
fund.
The city OF Springfield, Mass,
voted on Monday TO take five hun
dred thousand dollars worth Of stock
in the Springfield and FarnIingtan
Valley Railroad, and four hundred
thnusand dollars in the Springfield
and Long Meadow Road. The former
viii open q new route ia New York
and tho latter 10 New London.
The earnings ufthe Kansas Pacific
Railroad, for April, We're s2lT,9 a2, Of
which SILICON were from commercial
business, and S4l 600 from the United
States Government, The commercial
business shows an increase of SG2, 900
over the same month last year. This
Increase indicates the rapid growth of
trade in Kansas and the territory trib-
utary to this line of road.
-Twcuty-elght Northern railroads,
whose combined capital In 1867
amounted to $2S7, 900, 000, have since
then increased their stock to 500, 000,-
GOO, showing an average imitation Of
forty per cent. and Vet, from the pro-
posed stock dividends above alluded
TO, il would seem that the "wateriRg'}
mania i lur from having exhausted
Itself, \ movement 80 sudden and 50
sweeping deserves earnest cuusldera-
ton.
Mike Burns, ESQ. President ofthc
Nashville and Chattanooga railroad.
has written a letter in which he advo-
Gates Nashviee a most important
point to touch by the projected SbutlI-
ern railrOGd now being agitat6d m
Cincinnati. Ar, BGas sdys: T. tt
me that YOU are Interested
in building this Southern road
to strike IS many Southern States rs
possible, and especially those who use
most of your products and who have
products that you want, and to have
the road under yOuC. own control and
not be depending on the Managers Of
roads under control of rival cities. .
No other place, in my opinion, offers
these inducements equal to Nashville.
The C~Oyington, Lexington and Mich
0lasyilleRed is finished to or near
Danvilie, giving you a considerable
portion Of the road ffnishtd.' The
4enneSsee and Pacific road is surveyed
and letting advertised to Lebanon,
BY your people filing upI
this gap from Danville to q point ON
the Tennessee and Paeific road. il
would give a direct route to Nashville.
and L think a shorter route here than
YOU could get by any other contrmz
route
"A correspondent Of the New York
,Slg, writing from Promontory Point.
Railroad, May lat SAYS;
Everybody supp0ses the two roads
have been doing their level best to
meet each other, and so they have,
but not at this end. If nobody had
said anything we would have had al
double track across the continent be-
fore long, The two eQmpanics-the
central and Lnion-dQnt love each
and the idea OF meeting wasn't
agreeable. / tell You, Mr., Editor,
these two roads have been built par
allel to each other for a distance Of
f~ifty-three miles, and they haven't
met yet, except TO have a iOllV row.!
One road followed its SURVEYS. &c did
the other. The surveys ran into each
so did the roads, so did the com
panies, so did tho mon, SO did clubs
and stones. The roads have oftep
been IN sight Of each other, sometimes /
only q few yards apart, and once they
crossed, Eut they haven't met. The
Central dug from the Unioksembank-
ment, and the Union Hbpaired IFS
breach ly making one i'm the Central.
The Unions cursed the CentraIs. and
the latter damnedthe Unions. Words
were tound too weak, 50 they talked
with fists and clubs, and had some glo-
rlons scrimmages. Theh'they came TO
blasting. One side would touch off a
earthquake without giving no.
tice to the other, and a shower of,
among them would be the first
Of il. Tho ether party. in &C.
acknowledgements of the salute, at once
out a mine with nitro plvce-
rlne, aiming it at the other camp, kin
ing several mules, but fortunately MOI
men. Things now look serious, and
war was declared. Both parties armed
for the fray. The Central Clique sent
TO San Francisco for revolVers and the
Union t0St Louis. Fists and blasts
were getting tame and the combat
tants called for powder and blood.
fhe road was to be finished with a
magnificent display of fireworks, when
the very criticalmOment came word
That the two companies had shaken
hands at Washington! The men drop
ped their arms, and now we are told
that the road is to be spliced. The
compromise was that the Central
Pacific Railroad COMPANY ahandons
ITS own grading and takes the Union
spmpanyas line, which the latter NAYS
for. The Union thus gets the bonds of
Government for the SO miles. Bonds
were at the bottom Of the whole
rOubIe