The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1874-01-15
Winslow aud Wilson Seeking the Ap
pointmeut Of a Receiver.
RumOrs About the Paducah and Elisa
BEETHOVEN RailrOnd.

| Yesterday sftern Don the last rail OF the
CsiI o and Fulton railroad was laid, col :
meeting at the TerS boundary with the
Texas and Pacific and tho International
railroads, and forming = completed and al.
most air line route from Cairo TO Galve,-
ton, Texas, via tho Cairo, Arkansas and
Texas railroad.
The completion of this road crss 20, nm
era in the history of Cairo the
| Importance OF which time alone
will dsinonstrate. Certainly none
of the roads which have their terminus
here, or which may here after be built,ca
be Of greater profit to Cairo than this
route via the Cairo, Arkan.a s and Texas
railroad to the Gulf
BY referring to agood map it will be
seen that the route over the roads mon.
toned, together with the route via the
Cairo and Ninceines railroad TO Indian.
| apolis and Columbus forms an air line
from,ths lakes to tho Gulfof MEXICO and
If continued,as it will bs through Mexico.
will mako tie shortest possible route
by many hundreds Of miles across the
continent. The time from Cairo to Texa
kara, (tho station on the Texas boundary
line) will be only twenty -four hours.
THE CAIRO And vIScsSSKs RAILROAD.
The Cairo and Vincennes Railroad
Company is the next in order for which a
Receiver is asked to be appointed. Mai.
B. Wilson, United States District A,tor.
ney, has filed with the Clerk of the United
States District Court for the southern dis.
trict of Illinois, bill for complsinants
on which he bases motion for tho np- |
nointment of Receiver. The motion |
will be he, I'd by Judges Drummond and |
Treat,at Springfield on tho 22d inst. The |
facts are, rs alleged in the bill, that the |
read runs from Cairo to Vincenues, a dis
TANGO Of l57 miles. Winslow IL Wilson,
the compliments in tho bill, were the con-
tractors to build the road, whereby and by
reason OF their building the read they aver
the company became indebted to them
in cash $7G4 900, and tho par value of 49,.
Ito shares of stock, representing s2,5Il,-
900, and 81 100000 in second mortgage
bonds, on which there is due fifteen months
unpaid interest, amounting to sl44,375.
In addition to this they say the companv
owes $4,000, 900 fret mortgage bonds, with
fifteen months interest, amounting 10
1886, s75, and a floating debt Of 800, 900.
which makes an aggregate, leaving out
tho stock, OF $685., $50, or more than $40
900 per milo Of indebtedness on the road.
The interest at per cent. 10 $507,GO0
Tho amount Of the gro.s earnings
for the year is $4,000 and Of
The operating expenses over $500 900,
which to our way OF thinking is not A rad
showing for an entirely new road. They
also claim that the company is over four
months in arrears to its employee; aad that
It is in default $22,5oo 90 of its CONNER
eal pepper. Upon this state OF facts i. il
alleged the company is probably bank. ,
rupt
Tho bi goes further and claims that
the management Of the road ia bad, etc,
and for these and other reasons asks for
The appointment Of a receiver.
Thus the matter stands a. present. OF
course the company, Of which Gen. A. E.
Burnside 10 the head, will make their de-
Tense; and We believe will DO able to chow
that while the company money bags may
not be overrunning, the company /. not 6
bankrupt aud that She road has no, been
THE rADUcAu AND ELIZABETuTowN
RAILRoAp.
1t is rumored that the Paducsh and
Railroad Company have
conclui ed TO extend their road to Cairo.
One report is that the road will run from
Paducsh to Cairo, making the:Rrs named
place a way station on the road. Another rs-
PORTS that the road will not go to Paducah
At sil, but from tho point where il crosses
the Tennessee river, will DO bull. on An
air to the bank of the Ohio river opposdto
This city, thus leaving Paducah something
like ten miles to the right Poor Paducah.