, 1873-08-26

Yot he is tho proaidont. of the. American stoann-
ship Company, 40 mitch spoken of, which, tho
ponnsylvnnin Railroad controls md 1t Ia stated
on good authority TINT hfr. Thompson did not
favor tho building OF thoso ahipB, while mr.
| Scott morely eonaonto1 ont OF good nat,lro
Thus thoro is aomo movement OF particles oyon
Whcro thoro In most cohesion.
Aud horo would aay, that tho olitor Of pooro's
hA'lrond Manual for THO ct,rront year has made
and condition OF tho Southern Security Compa-
| ny which iB no aooret mattor, for tho maps OF
tho roada It controls aro acattorod broadcast
through tho South. A. statement. howoyor
slignt, Ct tiio Pullman Company, and Of tho
leading fast freight limos which ride on tho noota
Of tho groator corporations, would hayo boon
also In place.
| In the nort pnco. lot mo proBont eomo figures,
f'-moroly explaining, In ADVANCE that have nd
dcd stock to bonds III tho loasod roads, bocaupe
tho tormB Of the lonso cail for dividends aa vol
| I'd interest.
The Pennsylvania lsailrond Inns upon its own
stato limos, Old angineB; upon tho Jersey leaBeu,
! 150; and, calculating ut thia basfe u;,ou til
Wostorn ieasoa, 200. Probably It may be just to
eetimHte tho ontiro Htenm-Hquadron At 1,400 To-
comotiyo8, or locomotive TO overy twenty mon
in tho reg1lnr army Of tho United Btatoa. Tho
locomotives Of this corporation alone could
transport our whole regular army without any
Of tho Ponnsylvnnla's homo or State syBtom, in
cluding Atoclk, wnH 900, 100000 at Tie cloBo Of
1871. Tho obligations Of tho Now Jersey leased
nay DO added a15 o6o, 900 for tho Nortlorn . Con.
trail, Binco ahsorbod, and probably s23, 900, 900
for tho Philadelphia & Eric Tho following aro
tho obligations of tho principal linoB 1oasod wost
OF Pittsburgh:
NfNKrY-T11REE MILLIONS MORE.
pittaburgh. Cincinnati Il st. Louis 201 mics
long; s22, 100000.
dhartiera Railway, % miles: q, ,ooo, 600:
Little Miami, 2i6 inlet; e9,6oo,000. Of which
| $4,000, 600 III due in 1883.
Columhua Chicago L Indiana Central, $50
miloB; $4,000, ,ooo of which e29, ,250 900 ia funded
debt.
Joirorsonyille, e. Madison & indianapolis, 22e
Cincinnati & 1luskingum Valley, 1s2 mlos
e4,500U00
indianapolis l. vinconncs, 1T miles; s4,5oo,~
St. Louis, vantla1ia L Tcrro nautc, 15s milos
s7,50o, 900, Of which Ave-seventlls ia funded
debit
Tho above eight railronds nro not only loaseii,
but controlled by q stoclz-ownorship By tho
namos Of Directors is distributed through them.
They sum up stock list md deht of a99, ,5o0,-
TIE WESTERN LEASED ROADS
nro t. possible st1 l more important and nnder
l. Chicago has s33, ,333, 600 Of obligations, Of
which s13,eGo,000 is bondod dobt.
This road' however, or,, oan earned Tho enor-
ens osssos sa ppo ct e 4SSSS 9ss6ng s 6sHsgd ths
Pittsburgh Railroad has ell 900 Of stock and
bonds, which must all bo takcn caro- of,-the
stockholders getting nearly 50 per cent additions
al shares, which fe guaranteed per cont, or 10
per cont on the original stock. And go might
60 on until tho brain got weary Of figures, Of
Which yet every figure must BIO accounted for in
tho course OF this grind manipulation Of high
Ways from this great building in the quiet Quaker
street at tho cornor of tho alloy. Wo hayo A.
! ready added up
THnEE HUNDRED AND TWENTY MILLIONS
How, you may ask, docs this parade Of mica,
ongines, and obligations compare with tho ILL
noiH Central laailroad in tho Haulo rospects2
Tho Illinois Central has 700 1niloB Of road In its
possession, and leases 900 niles moro. It iH sup-
posing my figures to DO correct, about fourth
tho longsh Of tho Pennsylvania systom, with one
fifth tho engines, and with $i4,000 000 Of obliga-
tions, Of which but s8, ,ooo, 600 is bonded dobt.
TIE NORTHERN CENTRAL RAILROAD,
which began its consolidated existence in 1851,
md, twenty years afterwards, dropped into tho
leases 22o miles moro Of road, by which il iB tho
grcatost tranavorno limo 'botwoon tho Hudson
River aud tho Ohio. running from Baltimore
City to Lako ontarlo. It's grosa earnings arc
Ite obligations, including stock, aro about si5,-
was tho President. The Pennsylvania Railroad
recontly employed part Of this road to carry
| NOW
Washington, and With such expedition and COM
fort TINT the Union Tunnel Company and the
tido-wator line Of rail hastoned to accept torms.
Two wceks' running broke tho back Of tho old
: combination. The piers Of tho old bridge Mt
Columbia. on tho susquohnnna, wcro sagaciously
purchased by tho. ponnsylvania people several
years ago, and the Ronding Company thoroby
kept out Of tho Cumberland and Broad Top
It is a question whether the leasing Of rail-
roads Wholesale by this Company ,nay not pro-
Voko tho building Of opposition lines for no other
purpose than to bo bought, Can any consolda-
tion, in this day Of universal NEUTRALITY-SUSPICIOUS.
ton, stop compottion2 Can anything short OF
Government direct tho labyrinthino row roads
and parts Of roads which Boem to threaten a,1y
comprehenaivo syston,, aud must bo acquired by
1t? In other worls, is not tho railroad an ole
mont now a*dnys which dohes monopoly7 Take
either horn OF the question: and follow 1t IN,
and it soems TINT Mt Inst only good can como out
OF these vast achiovomontB aud experiments. No
road VAS ever yot built which doHtroyed either
liberty or civilization. II tho contrary can 10
provod nauao the roadt Aa Con. BriBtow, OF
kentucky, aaid to mo, tonight:
"Tho railroad-systom Ia new thing, Of which
dovornmontB hayo scarcely taken notice. 1t will
DO licked init shape nfter awhile, but 500 no
great dangora In it,
THE STUDY OF RcoTT AND TroMpsoN
can DO completely nude from 10 ono point, and
any Hketch of them will fail to bo porfott or
oven proximato in Romo respects. pliladol-
1'Lians, generally speaking, aro no acute Judges
Of otaraotor. They pull at mans bob-tuilsS to
keep him down until ho gets beyond their range,
and then they give him up AZ inoomprchenHiLio.
They admit llat tlloro ml1st be something in
Linn, but declare that it cannot DO accounted for
on my known prcmises, ,gueE premises being
his Daaay'H" poverty, the fact TINT Toe went to
school With him, OF al. It ia to q mans great
credit to rso high among tho cohesive PARTICLES of
tint vast commonplace aggregation, whore yet
individual o1ertion hA9 raised many largo for
tunos, aud, in tho manufactures particularly,
developed somo Of tho largest firms atd corpor-
atlons IN tho country. Philadelphia grows by |
tho Adhesion Of particles to MI original snug and
wel-dohnoa entity Of town; but the por1noat~
iE systos OF ali those particles ia scarcely traco-
ablo, ~ in somo animals Of low vitality. lii |
dopon1onco~Boll might ring to-day, and pro-
claim libo.ty to the laua, before they would DO |
in agreement ahout it in tlIo town. That ia tho |
roason you can outline no exceptional Philadol- |
phian, becauso, aa soon aH he gots far |
above tho loyol, hs fails to bc under |
stood. And tho Pennsylvania Railroad |
oftices, in that quiet Fourth street, aro,
II, infrt t,1.ja ~ }I.n