, 1873-12-19
RAILROAD ITEMS.

THE NEW ECnEpuLE or FnL11i1T uIIAnnEo
A reporter OF TnE TRIBUNE cullod on Dir. A.
Anderson, Qenetal Superintendent OF Tho Toledo,
Wabnsi i Wenturn Ratlrond, for tho purpose Of
finding out what his company intouds to do
In regard to tho nov freight tariff arranged by
The nai1ruad Commissioners for thoir road, and
which IL to 70 iuto olfoct on the 18th Of no1t
month.
Mr.. Anderson stated tlat, In Ills opinion, tho
tarIn would hayo to lc approved bs tho LegIsla.
tuse he foro 1t would 10 into effect. They had
no iloa of complying with tho PROVISIONS Of tho
tatifl, considering it to DO unconstitutional!
Tho law proyidos that tho Commissioners should
Of that, tloy havo nsado tho lowest rates posHi.
bio, Just suoh ,atos as faruor naturally would
mako; Any railroad complying with tho tariff
ob mSa1d be an b'n,qp tr e Il rsaso ss@ ta 4aroa ss
woultl l'nvc 10 lght It to tho litter ond. Tho
tariR was made especially for thoir road, and hu
lad to admit that Il was moro favorable to tionl
tfIau the roads leading from Chicago Wost., Il
against Chicago. 1iailrouds wcrn in tho habit
Of milking lower rnscH for loug distances, CO.
pncinlly from ono larGo city to another, 40 @s to
Eiro Chicago merchants chnnce to compoto
undor tho Commissioners tnriH. this could not
DO done, because they provided that q railroad
comp any should not carry freight for long dis
tal1coB for a less amount than for sllott ONCE.
running rs It il botweon Toledo, O., and St.
l.o,'H, which cities, not bosng In the Stato Of
Illinois. could successfully oompoto with Chi
cayo. h1r. Anderson WAS OF tho opinion tint
tllo Commissioners know about m much OF run
ming railroads rs horse dooB OF llobroW lan-
guagc. ....-...-..
THE MICHIGAN BouTnEnN.
The Directors OF tho Lake H4ore i Michigan
Southern Railroad Company have created sec
ond mortgage OIL their property for S25, ,000, 600.
It ia undorntood that this mortgage is nov ra-
corling in about thirty different countica u tho
and Illinois, through whiuh the road passos from
Buffalo 10 Chicago. The mortgage, besides GOV"
ering $4,000 600 llonting obligations mud &C, ,o0o,
600 1ebontlres ovoate1 last ncaaon Ito meet
which 10000 a year not earnings Is pledged
for ton yoars), will provide for S15, 700 now
raises the funded debt and capital Of the limo in
equal proportions to St00, ,000 900, ind brings up
tho question whether tho road will be able to
earn a8, 200 900 year, including $1,000 year
for sinking fund, for some years 10 como. 1t is
reported that not moro than from four to five
millions of their mortgages will ba issued at
present.
1NonEAaED FAT.
About week ago, tho managers OF tho Chi.
cago, Burlington l. Quincy railroad roduccd
The pay Of their onglueors 10 per cent, having
previously reduced the salaries Of oil other cll-
ployos Of their road the sa1no amount. few
days ago d;npatch ftom Aurora ssatod that the
engineers contemplated o strike on account Of
this reduction. Ihis statement was denied by
tho officers Of tho road. But there BeomH to
have been 80 much diBsntisfaotion among tho
engineers that 1t was feared they might ike,
and, to prevent this, tie Company gayo orders
yesterdn, to raiRo thur Halaries ngain to what
they wcto before the reduction was made. and
consequently tho engineers On that load aro
happy,