New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-07-11
RAILWAP INTERESTS.

TIE NATIONAL RAILWAY OF NEW-JERsEY.
Considerable displeasure has been mani
tested by the advocates of free railroads at the manner
in which the National Railroad intended to extend from
New-York TO Philadelphia has been allowed to subslde
without any apparent efforts on the part oi
it's promoters TO carry out the project
The National Railroad Company organized under
the General Railroad law Of New-Jersey, and was in
tended TO be an active and enterprisng rival OF tho
PENNSYLVANIA Central II is understood that the cause
OF the trouble is lack Of funds Bills have been pour
ing into the CompaDys Office and 1t has not been able
to pay them. Adyices from Philadelphia report
that the Sheriff Of that city has levied
upon it's property that city, and their New-foIK and
NewJersey creditors consisting Of farmers, contractors,
engineers lawyers, etc, have not been paid. The out
standing obligations estimated at 100000. Twenty
miles OF the road are reported 10 be graded.
TRIBUNE reporter called at the Office OF the
Company in COrtlandtst. yesterday TO make
inquiries OF some OF the responsible officers
but there we're none to he seem President Secretary
and Treasurer all being out OF the city, IL IS under
stood that efforts are making 10 procure money. The
following is copy Of a document now on ME IN tne
county offices through which the projected road Is u
run, and will probably explain the manner IN which the
funds TO be obtained:
NATIONAL RAILROAD COMPANY OF sEWJsREr ORGANIZED APRIL
At meeting specially held May a. 1879 the stOcLholde did resolve
ls, s pledge toe bond, .,s Of s GG%p.
seven per cent PAYABLE gold principal due 10 The S
200 National Railway Co Of SeN-Jee, slO. The National
Rsgv COMPANY NeJersey Acknowledge itself indebted to the
United standard which 10 promises 10 pa! 70 ihe
Amencsn Trust Company OF Hes.J ersey, or bearer
The of the bond and mortgage IL the same IN pur
port that the National Railroad Company executed 70
Inc American Trust Company last year. The mortgage
covers all the rights and title To the lands and real estate
OF the National Railway Company that they may no"
own, or acquire hereafter.
RAILROAD NOTES
Owing 10 the absence of a quorum, the
newly elected directors OF the Erie Railway Company
did not organize yesterday.
The directors of the Indianapolis, Cincin
natl and La fayette Railroad voted yesterday to accept
the transfer OF the railroad from the receiver pursuant
10 the order of the United States Circuit Court. Mr. NJ
T. Ingalls, was elected director vice Joseph {. But'er,
deceased and was subsequently elected President
The annual meeting of the Lake Shore and
Tuscarawas Valley Railroad Company was held at
Cleveland Wednesday. The following directors were
elected: g. Streater A. Stone, jr Selah Chamberlain
j. y. Cord, X l.. Chamberin, James Mason, H. NJ Claim
Harvey A. Kent of New York Clement Russell Massilon,
ohio. w. g. Streater elected President. The gross
earnings OF the road from Jan. when II was opened
for business till May 81 were S2U22 and the aggregate
transportation disbursements s69,763.
The directors of the North and South Jer-
sey Railroad Company met at Camden, N. j., on
Wednesday, and elected Randall f. Morgan Of Camden,
Presidents Vim. Bell OF Perth Amboy First YcePresdent
George H. vanderbeck OF Allentown, Second Vice Pres
dent Dr. III. ii. Longstreet of Bordentown Treasurer;
Samuel Ii. Robbins OF Allentown, Secretary Robert =
Van Rensselaer, Of Bordentown, Engineer-inC chief; n
McCODnaughty OF Somerville Division Engineer. Inc
Chief Engineer received Instructions To proceed WIN
the surveys once, and Will begin some time next
week The North and South Jersey Railroad when CON
structed, will extend from NewYork to Washington