, 1873-01-21
RAlLROADlNG.
Tho pcnillslllar Railroads Annual
Report.
Another letter on The Question Of
Equality Of Froights.

peninau1ar Hallway Company Las just been nado
public, and wo mako tho following extracts thore-
from: Tho PeninHu1ar Railway, aa 1t now e1-
iBts, Was formed by tho consolidation OF tho
peninauInr Road, running between Battle Crcek
and Lansing; the Feninsular Railway Extension,
running botweon Baltic Crock and tho State Line;
tho Peninsular Railway Company, organized
through 1ndihna; and ttho peninhu1ar Railway
Company, chnrtored from tho State line Of 1ndi-
ana to Ohicago-making a line about 210 miles in
length. Tho report Of tho Secretary shows that,
pfovious to tho lat day Of November, 1871, Sec
retary's orders had boen issued to tho amount OF
95A5. .0e8.24. The totnl to Dec. 81, 1879, waa
s5s0, ,704.94. Tho totnl amount Of orders OUT
standing Doc. 81, 1872, was S142,2G2.o2. Tic
Troasurer's report shows that lie has received
during the year 1872, from tho salo Of first aud
second mortgage bonds, subscriptions, otc.,
81, 922, ,692.07. Ho Inns paid out e1,o2a, ,62o.S1,
leaving tho balance In bis hnlds, 1920. Tho
report OF tho ooneral Superintendent shows
that tho earnings Of tito road from Dec. l, 1869,
to Doc. 8t, 1872, wore $21o, 1920. Tho total
oxpenncB OF this department for the samo timo
wore 1851, ,4G9.1G, lowing tho inlobtoduesa
S11t 31.90, a largo portion Of which Is Charge
ablo to construction and not to operating &C.
count. Tho number OF passengers transported
during 1872 waa 89,40l. Tho amount due to
contractors for work done is 9127, ,75G.3G. The
following Directors wore elected for tho enBu-
ing year: Joseph II. .Ward, 4. @. Nichols, L.
p, Dltble, Battle groolt; +. Shepard, Char
lotte; s. I. Head, Cassopolis; William Aliliar,
South Bond; s. T. Anthony, Valparaiso; W. e.
IIenry, Joliet, ILL.,; NJ. 8. Drackott, bellevue,
af1scEL1ANEous ITEMS.
Tho Chicago, milwaukee, & 1t. paul Railroad
will continue hallasting their route until Feb
ruary, whom tic formal opening will occur
Ono thousand Bi1 hundred freight cars aro
tho Lake Shore !; Michigan Southern Railroad
aud its connections, without brenlng bulk or
requiring tho contents to be touched.
Tho Town Of Aearney Junction, whero tho
has erected over two hundred new horaos Rinco
TINT time. Tho work OF consolidating
the Tar1oua departments ;aa, o. tho 3 chi, n.
fSss3 SssSneop asS'n Missouri uaSy Rysr 'nf hosas saa
progresses slowly. Tho books Of the two roals
hnyo beon kept under different syatoms, and it
will require many months to merge them. When
that Is accomplished, al tho heads Of depurt->
intendent Perkins will onter upon his duties as
President OF the Nebraska Division, and his
work will bo divided between Superintendent
Harris @ 9nd luis Assistant, " H. Strong, 7c
cars over 8,935 miloB OF track contering ip
Chicago.
EQUALITY OF FnEI6HTs.
10 tho Editor qT 1he Chicago Tribune:
Bin: Tho law passed. ut Tho last Bession Of the Gen.
ernl Assembly, touching equality Of freghta,
doubtless iutelod to benefit the State At large by
tSose Of greater % faces I Il "a e4 fortunate for
dead iotter Upon the statute books. TIC spirit Of thu
act ta very laudable indeed; but II executed to thu
diaoront from that 1t intended to create Or tho
necd Of more or less legislation on tho subject oi
vi ut @
lnincd. go nu1nerous have intereas become, anl at
which ia intended tu c!rcu1nscrbo tho porors Of rail-
road corporations, aud regulate heir noioua, should
view tho subjecs from every sanapotu and in every
Paradoxical as tho statement may acem We ure OF
the opinion that equality Of freghsa ia wholly imprac~
Of cleap transportation in assulning hat addod da.
tapce increases cost ~ milo ia to any number Of
from botug rnovo in the right direction is such
1hw tat wero its provisions strictly carried In
ef s xsss. a p s ssw Ysk
Rsa you'd pro5.5y ee IN IN ordet to- to
70 illustrate tho effect of tho lax tho business Of
Chicago, strictly enforced, We VIII give few ngurca:
to thia point d 81 cents; fourth-cnss, lS
ssns per s!u ssnaFd rseS pSSs I'd bo NS Ssra 3, Fs
profit would ccase to result from transportattop,
will aay approximately, hrat-clasa, IL canta, four
mile, at this uniform charge the rates to Cairo would
DO nearly s. for trst-easu aiA about 65 centa for
IS md 50 cents Tor tie two respective cassos 1t sba
disparity In rates how long would the chitago manu-
Moet Island would BE- IT cents and % copts RESPECT
tyely for the clnsHes mentioned. Present rates to this
point are CO cente and 25 CENTS With the present pro
rata from New York to Rock Island, 30 cents and
ceuts, against the Chicago MERCHANT, would not this
new obataelo create complete embargo to trade? To
an 8o conts for fourth caes gooa while present
70 cents mud 40 ccnts for tho respective rasses
aro only Ct tug ". practical t.. wosknga
would increase through rates from the East to places
which would be affected in the msnner described, rs
freighta would pass through this state III ordsr to
reach their destinations. Such would not 10 tno
neceaaary reauit however. The circumstances under
usually ,nu.ablo, won secret in heIr nature,
as to oectually protect tho roads from tho effect Of
the lay IN question Again. thy fae IT. ts, M suh tteghts
which thoy Iaes, IN THIS Sate would create ~ addi-
tonal pro!oosion as the coitiunH would probably 10
considered widely different from those uudnr which
loca fraghts ase carro as to create an exception IN
ton md nou-dlscrimnatiou ngitascd, aud remedies
sought but while nttempt to correct one foru Ut
cpitato ourselves into condition Infinitely tun
the first. .. XIV.
CORRECTION.
70 hho Editor ef Tie Chicstio Tfibrne:
Sin: ynilr correspondent, I'M. H." In sunday'A
TRIBUNE sys ho merely wtHlcH to call The attention Of
e ae tns on m 1as uosn 70 ia ia
Chicago, DAnyio Vinceunes Railroad, III not pauk-
Ing esc their track on tho Eouth sile Of nzie and
tie Chicago Dauyllls & Vincennes Road has not lAl
any track there at a and as 10 tank there aud !. n
occur to my night pedestrian, with or without 1,1y
brick III Its beaver. ConREcr1oN.
THE y1Apucrs.
70 The Editor ef The Chicago Tribune: -
7 Hnn ihl iEt1lA