New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-05-27
RAILWAY INTERESTS,
LIZ Nrw.YonK. oswEGo AND MIDLAND.

TIE NETWORK, oswEG0 AND MIDLAND.
The principal directors and stock aud bond
holders OF the New-York oswego and Midland Railroad
held another meeting yesterday afternoon for the pur-
pose devising for relieving the road from
the financial embdrrassments which now surround 1t.
George Opdyke has been elected President with tho
understanding that the syndicate Will furnish sub
seriptious TO the securities Of the Company to the
amount Of s. 100000 II originally understood that
the subscriptions should be SjO0OCO but the assem-
bling of the syndicate it proposed TO reduce 1t to
s3OOoOO THIS latter figure, however, objected to-
as being entirely sma for practical purposes, ana
tho syndicate then resolved to make it 100000. At
their meeting, yesterday, they reported subscrip-
tons TO the amount OF S3,1OO,C01, the additional
S3OOOOO TO be forthcoming within few days.
Alter satisfying the immediate obligations of the Com
pany, the balance Of the subscriptions to the 100000
Ian Will be devoted the construction OF the Western
Division Of the road which extends from Cortlandt to
Buffalo, under supervision OF ex-Presldent De Witt
c. Iittleiohn who will remain director 1t Is stated
that the syndicate embraces Drexel, Morgan Co.. Nay
lor Coz Russell Sage, and others. Conrad g. Jordan,
f. A. Wickes and Charles H. Perkins have been elected
directors to fill the vacancies caused by the resignation
Of Messrs. Culver, Ames, and Foster.
The other officers have not been fully determined
upon but It is understood that Mr.. schesnger OF the
nrm Of Nayor & Co. will be elected Treasurer, in
cordanee with the syndicate programme. There ara
several persons named for the vacancy caused by the
resignation OF Vlce-President Culver, yet
been selected.
The bill authorizing the directors Of the New-York
and OsweGO Midland Railroad to Increase the capital
stock 100000 passed the Legislature. Gen. Dix
about to veto IT, on the ground that the General Rail
road law Of $780, under which this road organized
gave that right exclusively to the stockholders, when
the friends Of the asked permission to with
draw and amend TO conform TO the existing law.
CORRECTION.
TO the Editor Of The tribune.
SIR: In an article published in your paper
to-day referring TO the reorganization OF the NcwYOrk
and Oswego Midland you say: The ditcuty had
arisen the Endorsement of notes and obligations Of
the Montclair road by the Midland OF Jersey" The
statement above quoted not correct so far as relates
TO the New-Jersey Midland. THIS Company has not In
dorsed any notes obligations whatever OF the Mont
clair Railway Company, ,v..u,,,, p...,,...
Heo- York, May "a, 1873
RAILROAD NOTES.
The Summer timetable of the Erie Railway
Company took effect yesterday.
The New-YOrk Central Railroad Company
has begun suit against United States Collector Bailey
Albany, to recover the scrip dividend tax collected
OF 1t.
The Metropolitan Branch of the Baltimore
ard Ohio Railroad, between Washington City and Point
Of Rocks was opened passengers on Sunday. All the
through trains between Baltimore and the West each
way, run via Washington CITY, shortening the dis
lance S miles.
The annual meeting of the Peterboro Rail
road Company was held at Nashua, n. H.. yesterday.
The following officers we're elected:
Dreeors-James Scott Granville Felt George Ramsdsn Solo
spang Gilman senptnre, Josiah r. Graves Albert heKsaB
Ckrk--Gilman G. Cha TfeasHer-Theodore II. Mood
The lightnng-express train between New
York and Boston, which has been promised needed
30 long made its first trip yesterday. At exactly 10
O'Clock in the morning train left each city. The one
from Boston promptly steamed into tho depot In New
York at $50 D. m to the second, having made the trip
In the stipulated time hours which Is In hour less
time than made ny any other express train The dis
tanee between the two cities $50 miles, that the
trains have to 81 miles per hour including stops
George II. Brown. President of the New
York, Boston, and Montreal Railroad with q party OF
prominent railroad left the Grand Central Depot
the o'clock train yesterday. tour Of inspection
OF the system OF roads under their control At Dutces
Junction special train will take the party Rutland
VI, where they viii be joined by the Directors OF the
Vermont Central Railroad The party will then pro.
coed to Burlington, st. Albans OglensDurg Montreal
White River Junction, Windsor, Belows'
Falls, Brattleboro', and New.Lo