New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-17
R.lILW1Y INTERESTS
LOCAL AvD THROUGH FREIGHT RArE!

LOCAL AND THROUGH FREIGHT RATES.
Tie bin or Assemblyman Lyndc OF st. Law
renee requiring all railroads the state to caIy freight
far d sAJr distance at least low they charge FOR a
long stance aid much discussion yesterday
in railroad circles in this city II believed that the
bill would share the fate OF similar In tho past
Leading railroad officials say that it Is unfair 20 attempt
20 compel Ia roads carry freight for short distances
wei long ones, for the reason that
II involves greater expense. In carrying through
freight tie cars are I'm almost constant use. When
un'aled ~ her end Of tho road there Is = return
friclr ava, ing hon In tho case OF Local freight the
sItotlncs kept standing idle for several days
have ho akcn long distance empty before rrachlng
point where freight Ii awaiting II. The expense OF
h5udHug loca .rclght is also greater than that Of
syr4rHse, Rochester. and other points make special
brought ns-rly 10 the level OF through rates.
ATLANTIC, MISSISSIPPI. AND ONO.
An informal meeting of the bOndholdcrs of
tho Atlantic Mississippi AMI Ohio Railroad, residing in
EewYorS, held yesterday, and Of their number
was eputeG 90 vIj Baltimore where large majority
OF b0nLh0de.s reside in order to confer with them
as to the hest method of obtaining the January in
tercst Tho occasion OF tho meeting the recep-
ton OF circular from the President OF the road.
VIM Manore. aoking the bondhoders to fund their
January coupons with the company's notes. pay
able before Jan. l. 1872 with interest at the rate
OF eight Der cont payable semi-annuay. Tho reason
this the depre citation or values
sailing from the panic but the bOndboders say hat in
the Same circular he admits that he has sufficient cash
on hand 20 the coupons, hut thinks II best 10
cruIus icmands" lie The revenue Of the line has
gradually grown In value from the sum OF si0o25s 10
gross IL S2I15151 80 In 1873 while lts current
cXpeac stand at S6G5 80 and sl9722 p Tor the cor
responding periods. showing reliable improvement In
ifs revenue. which, FOR the past year
was more than sufficient to meet every demand for cur
reui yrses aud interest ts old and new debt
we'll H. 1871 she debt OF the line by temporary loans
and current bills t230 1872 ST. and this IL today
decision ~ 10 the they Will pursue, bnt those
residing NcwYork think that no sufficient reason has
been assigned lOr Withholding the interest now duo.
RAILROAD NOTES,
Il Is stated that negotiations are pending
between the Vermont aud Canadian Railroad Company
and the Central Vermont Railroad Company, by which
tho relations 81 these corporations are 10 DC harmonzed
10 q manner beneficial 20 both.
II has been reported that the Atlantic and
Pacific Railroad Company has defauted its
lecd dividend OF the Missouri and Pacific stock The
dividend not duo until the 10th. and by the terms Of
the lease the Atlantic and Pacific have 30 days from
that date in which % pay before forfeiture can be
claimed TIE liter road IA now paying interest on
funded debt of about $4,000 900. and II IL claimed 10y
those familiar with the affairs OF the Company that II
will pay the dividend promptly. The toa receipts by
the Company for December are said TO he $4,000 In
excess those for the month in 1871. and the
receipts for the first week IN January show still larger
taJso for the corresponding week IN 1873