, 1874-11-06

c1lla0 IN HG4 KnoWu.
RAILROAD NEWS.
THE LAST CIRCULAR.
Whom the movomeut Of eonfcderating Ill tho
railroads into ono grand combination first conf
1nenced, 1t YRS clain1od tint such notion WINS
necessary to accomplish many n,roh-reoded ro-
forms. Tho Westorn Huroau Of Rn[lway Cont
miaBioners was consequently ouEanfzed to put
these reforms into Rhal,o, md hare tho roads
forming tho combination comply Will, them. At
tho lato mooting hold In this city. fow dnya
ago, somo Of those reforms wore decided upon.
Tho commission System was abolished, the CIV
ing Of FREQ return paseos to perBona accompany
lug sioux waa prohibited. and now freight
tariff WAS adoptod, rDaking the rateB about twice
rs high "a thoy were heretofore. Somo Western
roads refused to join tho combination
on tho ground that ao1no Of tho rototma indf-
Gated moro lmpracticabo. They. howovor, agreed
to submit to Buoh regulations as thoy doomed
proper. Tho pnymant Of commissions had lopg
beon adiudged great nuisance, and drain on
the Treasurera Of tho yarolts railroads, Some
companies paying out for commissions alono
55o,00o to ss0,000 annually. This loform
was therefore adopted. Tho raising Of tho
freight rates was also doomed an excellent
| fE10E0 ICE LAA EHAklHM43 NJ lIAas. AtaNs 1t
being 80 mich moro money In The
! 1,rans,rv n wna n1uo o1lnn,oi hit to n},o1,uh
tho system Of FREQ return ytock-passes would
! hayo boom n loss to Homo OF tho Western co,-
pn,ies and they therefore refused to joiu i'll t'fia
1; lHp;At y -, - 49,, W s w. ~ 1 Ivy es.s 49, 49, S
Tho reform has therefore gone up, mud belongs
| to tho things TINT were, as tto following cireu
| lar, just isatca by the Western Bureau Of Hull
| toud u nllMiSBl0nclS, will show:
I Fxxmt~
oHShAA' H,riun nks5xHS nunnAu OF
tStrnoAu ~. ',..urS ooa = alsss,oTE4s. x, y ~,
7,,,o.., H., W ~, & r.. Mos t,, ., ln,a.o
@ no 9 ~ ta .o ,y t'nss
ipraStcano Msa ,hJnu's,os @ 70 aant aad enforce M
uvGr net oMa ~ @ a'nea hk IL. W Vt.es ~. ".s1a fo
~ yn soc n ntar @ s
" s ~ .s caeo fr an
forso @ s1'a vrer; or, !, n ora.,
prarrt ths imio"sta ~ thn rosJa 1sy ~ tonresnt ~
s,,.pen sna 10 hereby suspend much o. saia Or
sns nannn,nny;n" snsS ,,ntii fnr,hrr nrt;n ras In
taHen on Ia s,i'tsst. 1''' 'A4 "oSA- 1'' -
"I1 M a,nt9,n va u ti ,r;,or fin r,o,,,ts,o,. a mi
IN ,v a1 t 'u . t
ne Is corrcct aud that at aono tHtra Tine It ay 10
~ o ~ u va n ,a 1nc
iSy @ order u Of Of tho % nosra Of uonn'ssioncrs.
"~ Go: i. wnioa1' President
MI coIuM9ps 4 CHICAGO a.: INDIANA ar, E oESrnAL.
the Columbus, Chicago l. Iultana Centrul Hail-
road wl,ci' iH a hrnnci, NJ tho pittshnro r;nctn-
natl Il st: Louis l'ailtoat Of this city:
The atock Of tug Colemns,s GaleaSo Indiana Gen.
at as s S, haa
isesniaence III conscYWence Of tho embarrassment Of
H. a ao # % a
ers Of tho Company Aas been hel1 vt coumtrs, o.,
for tho purpose Of consJering tho financial position
T ray sepse opesa
ihe s9asg on H. s Ln oa " s esss eo
thc Gniie statos Dlstrct Court for Indiana, tho pors
e 81 ag e p1ssea v @ su r
tAc accrucd Interest thereon and tho not eafulngs OF
Dcfanlt was mado on Aug. by tho Columbus, Chi
cago & Intiana Centfa ]ia,wny Company In tho pay
and tno enro io is tins liable 10 foreclosure at te
suit Of tho holders 81 ac unpaid coupons ~ nceolt
S ' ss s:ss ss s pssSE ss Ssss
10 \ 1uiiana Ceasrai halfway CoHpaay agrol, as fa
luck ,s roorAry 1870 to fan ~ M tts @ Outstanding in
sesss'iSs aa9 'fssa ,as Hss ssse:a 81
Interest ou those s15ssl oo Of bonds during ha TIM
tlloy wero In possession os thu noio'ty Under tn
ro a r., ns "o"a anysnSs e e ster s
therefor, which we're to by on un oquait:
tic 3i5, 81 ouO referred The Columbus, Clicago
1ntana Ecurat Company having failed to fund H..
Indebtedness as agreed In tho itrlse the nouey nd
yinrel ior improvements Dy tho .sLurg, Ciuclnat
., | Il st. Louis Kallway Company, now amounting tt
. | over s., ,00O, ,OJ0 n thus greatly jeopnslizcd
This being tic sute Of facts which tho stockholdey
wcre calel together to couader, they organized h.,
caiug judge Newman, Of indianapolis, to tue clair
! md appointing MIR. hjotlis Sttrutary. Tho Hon
: yho1naa j. Jswctt chaisman q W csmm!tte
Halfway Company, stated tie objpct Of tho meeting
Judge Jewct then presented notico from the Pitts
burg, Cincinnati Il it, Lo.,is Railway Company, cti
tho compact which pxists between the two Co,npauie
| apd concluiiut, az follows:
"You aro Goraby informed TINT unless The Co1un,
I | bus Chicago 4; Intana Otntral hallway Co,npa1,
shall on OF before jan i 1916 carry out ind mil, il
Good faith yolr coyr,1ant mud agreement us sot tor
IN lin amended lcaae dated Feb j. 1870 tie litsbare
Cinciunutl Il ST. Louis hallway Company will ina
tlito proceedings to compel tho specific performance
81 tbn auree,nsnt tpteI Jut a. lBtl aud tie agree
1ncnt alII,urncutuj tLpruto dated Neb l. 1870 apI