, 1874-04-22

To The St. Louis d southoa]stcrn ] uina and Evang.
xfile 4 orawfordBvil1e Railroads, ~ the shortcut
Inc from m Chicago vas IS granted the right Of
which, WHOM addod to tho rnte from Evansville
woula form through rato which nll lncB should
maintain.
Howovor, when tho tariff from Chicago WAS
was found that instead Of making, tho rato on
graiu cents moro from Chicago tim from st..
Louis. It had boon mada 10 oonts highor,.
5n IT, plain1, H., violation r.. Of tho ngroe,aont.
essern Sa % and T. Evana7ilo vi s oraWtor1Svii1o %
Railroads and connections, exercising their right
already granted, reduced tho rato 8 cents from
Chioago to Evansville, figure at which they
ooHa sta to 9ssfy ;y,ds s aa hGh w1a
tho Nashville h Chattanooga and Chattanooga
j. LouiBville Railroads advanced tho rntoB from
Evansville cents, and requested to DO advised
TINT thoy might advance tho ratios south Of Ev-
anBvi1lo. Iaboring under Huoh difficulties, tho
agreomont was broken.
Tho Louisville d Nashville nailroad, running
between those points, also controls the Louis
gomory Rntlroada. Tho Evansville route by
means OF steam-hofBt has tho advantage over
tho above route, boiuR able to carry bu1ls-
froights through without transfer. wliioh has
given thom tho control Of considerable freight
that had previously bosn shipped from Chicago
to Louisville. Tho attempt to assert thefr rfghta
| by tho Ut. Louis d southeastern connections,
has been mot by tho Nashville & Louisvi1le Rail-
roads refusing to alow thom to pro-rate On tho
samo terms aa tho routes out Of Chicago via
Cairo and Louisville.
| The Southern Dispatch Freight Line is still
taking freight for all points as beforo tho COM
mencoment Of tho trouble, and at tho aame ratos
as competing lines, still Issuing through bills Of
ladfng. The matter has boon takon9 into tho
courts, whoro 1t will bo decided whether such m
arbitrary arrangement can bo successfully car
The annual meoeing OF the stookholdera Of tho
| Grand Trunk Railroad Company was held In
London On the 9th inst. Tic Toronto Globe
published by spocal telegram D condensed stato-
ment Of the annual report for 1878, from which
| tho following important items arc oxtractod,
| Tho fguros Of receipts and expenditures show
TINT thore in only balance Of g241 loft to pay
| interest on first proforoncea.
I OF the sum Of :E200, 900 appropriated out Of
! tho proceeds Of tho new Issue OF ordinary stock
toward payment OF dividends. the aum OF ESQ, ,453
was reaorvod IN trust to moot tho dividend on
tho tlret-prefcrenco stock payable On tho 1st Of
olaima an increase Of :E95, 600 in gross rocolpsa
! over the previous half-yoar. Tho operation Of
changing tile gauge affected the traffic receipts
by decrease Of E20,00o. The momentary panic
affected the traffic, which still continues to suffer.
Thoro iH still uniBaued balance Of E2,600, 600
out Of tho authorized issuo Of E10 1000 COO Of now
ordinary stock, tho proceeds OF which will bo
about q, 900 tons Of steel railB have to bo pro-
vldcd at the cost OF capital, which, with certain
absolutely necessary capital expenditures will
abBorb q considerable portion Of tho unexpondod
balance at tho 31Bt December last. To moot the
wishca Of many shareholders tho Directors havo
agreed to rocoivo payment In full Of the remain-
| ing calls Of now ordinary stock, allowing dis
count ga at It. tho 10 tate of por cont per annun. -.
Tho whole o1stng eyer 1aa
capitals, may, 1t is calculated In course Of time,
bo redoomed by III Issue of Gu, $50, GOO Of b per
cent dobenture asook, at an avorago Of zoo per
E1o0. The Directors propose to add to this
E0,760, 900. Fl ,250, 900, making total Of .E8,-
100000 5 per cent debenturo stock. Thia .E1, =
250,000, to be avaifablo for tho general PURPOSES
Of tho Company aud for tho current year Of
1874, not to be issued beyond an amount which
shall represent in the amount Of interest pay
able tho actual annual saving of E86, 900 to be-
realizod by tho liquidation Of the car and bridge
capitals.
| THE DANy1LLE 1 v1NoENNEs ROAD.
Another meeting Of real estate dealers who in.
Railroad. in constructing thoir limo from Thorn
ton to this city, WAS hold at Kerr, Dawson 4
Wo!ch's roal estate Office, .cornor Of LaSallo and
Madison BtreotB, yesterday morning. Mr.. Young
General Manager Of the road, not having ready
the contract to bo aigucd BY the various parties
asked to be given time until to-day to draw 1t up
which request was granted. Tho mooting thor
adjourned until 10 o'clock this morning.
DETROIT. MONROE TOLEDO noAD.
i Toledo Railroad, hold yesterday morning a
Detroit, tho following Directors wero elected
Augustus Soholl, Now York; William Williams
Buffalo; William L. Scott, Erie; a. Stone, Jr.
P. Leland, Cleveland; Albert Keep, phladel
phia; Morehouse, Chicago, and Warner Wing
Monroe