New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-25
RAILJEAY INTERESTS.
NEW AND IMPORTANT LINES SECURED.

NEW AND IMPORTANT LINES SECURED.
Important negotiations which have been for
some time I'm progress the Eastern Railroad OF
Massachusetts the Portland and Ogdensbure, and the
Montreal Chamby. and sorel Railroads were finally
compIetod on Saturday, and the necessary papers
signed BY virtue OF the arrangement thus effected,
the early completion Of new and shorter line from
Portland and Boston 10 Montreal IL assured, and
another through trunk railway between the West and
the Atlantic. The Eastern Railroad which now eects
junction with the Portland and ogdensburg al North
Conway n. H. has agreed to guarantee to the latter
road certain fixed proportion OF the gross receipts on
all business the entire line, an arrangement which
"a 10 20 INTO effect once, and 20 continue perma
uenty The Portland and Ogdensourg Road on its part
has secured all the necessary charters and franchises
for the extension Of It's line from Sheldon, w. by new
and easy route. only 60 miles in length, 10 Montreal
and from swanton, Vt. TO Ottawa, the
Dominion capital. The greater portion OF the
Boston Montreal line IL already completed and In
operaton and under the recent arrangements tho re-
maiuder will be constructed at once, and the whole line
completed apd working within the next year. The new
route pa sses from Montreal through Chambly,
ing the Rlcheeu at tho latter point, and enters
the States In the townlof Franklin, VT From Montreal
to Portland It's Winter port tho distance will thus be re
duced nearly y miss; While between Ottawa and
Portland and Halifax the reduction VIII be very much
greater The negotiations which have thus been com
oeled do not involve the absorption consolidation in
any sense OF the Portland and O2densbrg by the East
ern the contrary. the former road retains ehire
conr, of s gn line nd its operation together with
ali alairs belonging It, Tue Eastern lsoal gusrdL-
tees absolutely the Portland aud Ogdensburg large
,bare of e1rnin on the entre Inca most
valuable pledge from strong anu hourlshng eorpo-
ration The aggregate capital BY which the new nue. Is
sustained viii exceed s2oO00O0 work on the tnhsnen
sections OF Portland aDd Ogdensburg Railroad that
In Eey.Uaun-hire passing through the White Noun
tains aud In VerInouD - nov r3pllIy goihH lotNNp,
over 400 laborcrs being employed. No suspension OF
work or default Of interest has been permitted during OF
in consequence of the financial panic
FINANCES OF THE NORTHERN PACIFIC RAILROAD.
WASHINGTON, Nov. A.-The annual report
Of the Northern Pacific Railroad has been received at
the Department of the Interior. The number OF GER
tGcates OF stock issued l72e95 OF tiOo each. The
ioos s7s in Minnesota Washington Territory. The
receipts from passengers we're sI5S and from freight
s3s9sis All the expenses Of construction. equipment
and loans in Europe s0O92 $780, this however does
not include discount on bonds commissions sales
first mortgage bonds s22 1890 and a5es5; bills psya
able, si.33s,522; accounts, N,6s0,6io.
MIDLAND RAILROAD-JoINT REcEIvERsHnP.
Col John G.. st eyens OF Trenton, n. J.
has been appointed JOINT receiver with Mr.
Hewitt Of the New.York and Oswego Midland Rail
road Company. 1t is understood that Mr.. Stevens viii
oct az General Manager OF tho road for
which position his long experience az a
railway manager iB connection with The railroads of
NewJersey has qualified him Uniting the skin OF Mr.
Stevens railroad expert with the well known busi-
ness talent Of Mr.. Hewitt 10 Il believed this road h now
Ia hands which guarantee the best turn, Of which the
property 10 capable