New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-08
RAILWiY INTERESTS.
THE PENNSYLVANIA RAILROAD DECLARES SCRIP
NEUTRALITY-SUSPICIOUS. SCOTT NOT TO RE-

THE PENNSYLVANIA RAILROAD DECLARES SCRIP
NEUTRALITY-SUSPICIOUS. SCOTT NOT TO RE-
SIGN.
PHMADELPrI, Nov. 7.-The Board Of Directors
OF tho Pennsylvania Railroad to-day declafeda scrip
dividend of five per cent, redeemable on the LIST OF
March, 1875, with the option the part of tho Com
pany to redeem it nj any time after six months.
The scrip is receivable ut par for unpaid Install
ments on stock allotmcnts. which can be turned
into cash ct once as there will be a demand to meet
the insameat due from the LIST to the 18th OF this
month. President Thomson submitted letter
from Vice-Presilent Scott, stating that II it was
deemed desirable In consequence OF bis connection
with the Pacific Construction Company his resg-
nation rs First VceProsident would bo submitted;
on which the Board unanimously resolved that it
was not advisable that there should be any change
in Col. Scotts relations with the Company.
NEw-JEEsEY SOUTHERN REORGANIZATION.
Tho directors Of the NcwJersey Southern
Railroad harmOnznS tho conflicting interests In
their enterprise, preparatory to thorough re0rganSa
ton under the name of the NewYork, Philadelphia and
Baltimore Eiirna1, extending from New York to Bau'
more. NJ Mills. OF the directors Of the NewJersey
Southern said tat the details OF the projected
reorganization perfected, and expected that all
persons Interested would to the plan Is
proposed issue sOoo0J0 OF consolidated mortgage
bonds OF the NowIOrk. Philadelphia, aud Baltimore
Railroad aud SCOc0 worth OF stock. Tao bonds would
he lien about 800 miles Of completed and equipped
road and would bring the cost per milo down To about
$4,000 Tie bonds % tho present NowJorsoy Southern
Railroad oly h.n pIgtIJn OF the lao and
represented road which hal cost asoat s50)) mile.
The holders OF hrse latter bonds and the creditors on the
floating debt would asked to exchange thoIr present
interest for the bonds Of corp ,raOn Some OF
she LARGEST creditors h3 aSentci Ia tn arrlngen M
AMI he expectr That the other old bomlholiors would
all into the arrangement. THO stockholders
would also Oe fairly dealt wan, tley would
equivalent IN tbs new stock yii'h wOii b. disrbn:c
for the ola shares IL rc VAS sun SIX nIe' o. ROAD 10 oe
built ~ tue vicinity Ol Chester, VI srYInl whfh wOud
he completed upon the con,lnmtiiIn OF the new
arrangement. TIE liiiDJrt AMI Oiio RliIrOld hal
prOm To 50n tAclr coal over thc tracks OF tue new
corporation. and great coal depot wond D3 cohhruct
ed at SANDY Hook thlt vessel. cOall had win IL
rlty ana escape tne dtiniion' drl expenses OF NV
York AarDor. Fac G'hpihI "odii sooh eomp'o'o tho
stuL .BbOat G. j. O'bJfn.
THE RAILROAD LOCK IN THE soUrI-LEIAL PRO
cEEDiNGs AGAINST TIE STRIKERS
Knoxville, Nov. THE railroad lock con-
tnucs rho atlempt OF tho Company to send out u
freight tram this city this DOrling failed, owing
TO the engineer being prcyentcd by foFoo from backing
ais engine Out OF tho roun hnusc. Tne Company has
sued 100 strikers the Crcrt Court for Sj)O0O) dam
age, and the Sheriff served the notices this evoning
The Company has asp su another hunirol strikers In
tho Chancery Court an oDtIrd An Injunction restrain
Ing them from oDstrucng the business OF the Company
An att npt will bs ma freigjt trains to Bss
tol aud Chattanooga tomorrow morning. Ia; BIarj OF
Directors Adopted taa wing tu-iay:
Where1s The m hts AMI ntrrast OF the stockholders
of the r. st renaesssr virginia aud Georgia Rillroid
COMPANY sLGre..y regarded and liOLeCed ny Ia"
ms the rights Of prvtte inliyIdi tai ana
Whereas Tne sii Company u.IfJrmly ana scrupu-
lousy respected l Obscrsrd ts Obligations 10 en-
plnyes tlJ prJmpl All full pa, sat o their wages
HAereas. Numerous grant aud ontrag ons violations
Of lie law ana the II ID Of tao soekhOI,rs nave D,cn
cnmmtcd 10y r>Ou. Lately emrlogoi 10 det-r those
who ready and willing to engage ia us srVce, as
well as by IA, fOrcIO sz IRE AMI arrest OF trans mus
|
EssoipeG Ia .t under n solemn sense OF duty to the
stkaolrr. hose interests we rcpr sem. W; hcrdOv
recommend aud suggest tao proper oh;ors 70 lake scn
lr.ai Stops may De d,eied "iF,.ole an nfco 'sy
To- protert cats of the ,tock IcrS and redress Tue
wrongs that nave been pcrpctr'tcL
EeyJipea, Tnat nercuy advise ana sh2-'sI INV
one hereafter sbal. ne employed IN the serVco U to
Company whD M 'nJtr Oi ANY league, 90 y VI S''
z4tOn or combination wAch stlsi.eS an' o'U 80
such ios OF disorder. yolrnc. ai wrong ana SJcks 10
accomplish purposes 81 papIO'o an" o4'i'sood' VIVA
lions Oi the law
SUITS AGAINST ILLINOIS RAILROADS.
SPRINGFIELD. H., Nov. 7.-Suits have been
he nm by mo Railroad aIi w.r.nOuso Commission
against the Chicago ani NJrth-Western and Illinois
Cora Railroad Comp inos for Violation Oi tao HiroSu
law It understood that slts will b, Instituted against
sryerl other Railroads ~ sooh As tho
can prepare the necessary pipor'
TIE SOUTH SIDE RAILROAD.
According to r5DorS which reached TINS
Office last light ut too late nour TO bo verified the
sonth 8 de rOad OF Long Island h's iaen into the
uoina posse ~ th trustees or the Doaus
of te FL, J. at the suit of Nicholas WFcGOh dni E'iiOt
Floyd Jones' who Represent tnr dolly ol tno tFusCceS
U1ict tns arrlu cement Orgj f. Ifnl ~ Is cohtihl1d
"a Preside nd Ca les Fox the list Pftsideht OF the
no ID IL appointed gent OF Tue tristces ILs pdrons VI
tho road are not kily suf by THIS arraOg5medt
NEW TEXAS RAILROAD.
CoRPUs CHRISTI, Texas, Nov. THE Cor
pus Crsti and Rio G.ande Rifoad Company organized
here to-day under OF the State OF Texas. TIE
limo connects tnis placs with Lreds aud beside con-
iro ling the Rio CYANIDE trade Will exercise powerful
influence in checking borier depreiaous and opening
n settlement the rich land OF thu NIeces Valley Work
ing parties have been placed In the field, uni the con-
structoa vi the road viii DO rapidly pushed forward.
representatives Of Northern capitalists here. CJl.
Thomas II RoDb. Ito President Of tue Frontier Com
sion, has accepted the Presidency Df tue road.