, 1873-11-11
THE RAILROADS.
Special Disuatch to The Chicago Iribnne.

LIE HAiLNOADSs
Special Disuatch to T'hs Chicago Tribune.
THE oswEoo MIDLAND.
New YORK, Nov. 10.-Abraham s. Howitt. Re-
ceiyer Of tho Midland l. OBwego Rnilrond, snid
to-day that when ho took charge Of the road tho
mon had not beon paid for four monthH, and
tloro WAS then due them s159,O00. Tho expe n
diturea had exceeded the receipts by S3, 900 4
day. It was a thoroughly bankrupt corporation.
He explained tho condition Of the road to tho
employees, md said ile would pay them nll ha
could get out Of tho concern. The men havo
worked cleorfully oyor since. He had reduced
that this month they would not exceed
ought mover to haze boon bIiit; but it viii
doubtless be bene6t to the country through
which 1t paHBes, and in time may bo made to
pay intorost on moderate cost.
Tho road had cost Oh paper, $35,n00,ooo, BY
which lie meant that bonds to that amount were
issued; Probably s25,0o0,o0o in cash wero
expended: There arc, lie said, s8,oo0,0OO first,
aud $4,000,000 SECOND mortgage bonds out.
The Montclnir aud the New Jersey Midland
Roads had coHt at lsaBs 5l60,000 mile,
and had been recklessy managed
Counsel Tor Lucas Hondriok a1 Weotjen una: made
application today to Judge Barrett, i'll the
Supreme Court, for an Injunction to restrain the
st.. Paul & Pacific Railroad Company, md
othors from using iuoumberng o. dlsposing Of
the promises Of Woodruff i Robinson, in Brook
lyn. The complaint aud affidavit on which the
application is based aro very yoluminous The
Judge took the papers aud reserved la decis-
ion.
Special Dispatch to Tho Chicago Tribune.
THE TOM SCOTT FABRIC.
WARRINGTON, D. G., Nov. 10.-The prevailing
subject Of discussion amongst the political op-
orators is Tom Scott, his Texas railroad, and
it's Construction Company. Edward Pierrepont,
Of Metz York, is quoted to-day as having Expressed
the opiuion by lottor that the whole Pennsylvania
fabric is IN q nervous condition. 8cotta frionda
regard his letter rendering his resignation as an
he is looked upon aB tho only vigorous intellect
in tho Pennsylvania Company, his withdrawal,
It is believed, would De fatal blow to its credit.
The growing age aud tho relutiye mental feeble-
neHs OF President Thompson also arc canyassed.
g0A1E OF THE LosENH.
It 10 said thet d. F. Butler hnd 9200, 900 in the
Construction Company, anl TINT Clinton Whoel-
or, John A. 9. Grey, and largo number Of
Southern mud carpet-bag politicians have also
been bitten.
TIE TEXAS PACIFIC RAILROAD.
The condition Of tho Texas Pacific Company
appears to bo no better than itH parasite, AZ was
shown in au advertisement in the newspapers
last Saturday. Which called in 90 per cont mora
on tic capital subscription. John ". Forney,
who on former OCCASION made good thing BY
reeasing his interest in the baltimore & poto-
mac charter to Scott, has lost it on thls turn.
Tho appearances we're that no moro than Is per
cent would DO called In by tho Construction
Company, and that 80 per cont would probably
be the limit. Iustcad OF this, the full anbAorip-
tiun has bcen called in, aud there are no dlvi-
dendH OF eithor bonds or money. The little
operators now charge that tho big ouea
rot up a Job on them, md point to scott's own
subscription as too small to show that ho bud
any belief III the health Of the scheme.
TROUBLES OF THE PENNSYLVANIA ROAD.
There is lesB freight and passenger travel ut
present thnn has been known for thirteen years,
and how to pay tho accruing dividends on tho
leaaed roads il a eub5ect Of cayil amongst the
Pennsylvania roads. 1t Ia now doubted whether
tho late reported lonn OF millions to tho Com
pany has come to hand.
CONVENIENT LEAsEs.
The pennsylyania Railroad people say that
neither thoir New York or Western lenses are
drnwn 10 as to mako 1t incumbent on the Com
pany to carry any road aftor it haa ceased to be
profitable. In New Jersey, particularly, tho
stockholders are without Hecnrity.
spsctal Dispateh to The Chieaao Tribune.
TON SCOTT INTERVIEWED.
rI11LApELplt1A, Nov, 10.-Col. Thomas Scott
informed mo this afternoon that no moro bills OF
the Iuxas and Pacific Construction Company
will bo allowed to 70 to protest. aud that Mr.
Juhn Welsh will arrange an extension with
tho holders, Col. Scott says that tho failure OF
tho Gompany-for virtually 1t IL fallure-iA
mainly attributable to tue present scarcity OF
money IN Enrope aud at llolne, aud their con.
aequont Inability to dispose Of their bonds, and
thus moot obligations. 1le IL OF opinion that
their dillluultioa will shortly Lo settled to tho
satisfaction Of all concerned.
Special I,ixpatch 10 The lhteaao Tribune.
THE PANAMA NAILAoAp.
New YoRK, Nov. l0.-Thero iB much interest
in financial circlos In this city in the content
which Is now going min the administration Of tho
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