Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-09-22
Pennsylvania Railroad Interests
eOuth of baltimore.

The Philadeli his papers are still engaged In
publishing the yolUminous report of tne com
Rail- Io2d Company. Among the latest portions
published we find the following paragraphs in
relation to tue interest Of the company in rail-
rosGs 6outh OF Baltimore:
This interest is divided into several lines:
l. The Baltimore and Potomac Railroad
Company.
2. The Alexandra and Fredericksburg Rail-
3. Southern Security Company.
4. Danvills and Atlsnts lihes
The Baltimore and Potomac railrosi extends
from Baltimore to Pope's creek, seventy-three
and one-teBth miles. with branch Of nineteen
and two-tenths miles TO Washington, making
'enths miles long, with a tunnel through part
of the city of Baltimore, which is repre- -ented
by a cost of S9,sSS,736, COR over Sl17 900 per
mile, including tunnel) consisting of stock.
50 $500; bonds, "a 900, COO, and floating debt,
Sl.sCI,: &C.
The bonds are guaranteed by tho Northern
Central and Pennsylvania Railroad Compa-
MES, and therefore will always be safe invest
ment.
The object in constructing this road was
three fold:-First, to make q southern extern
sion for the Northern Central railway TO the
city Of Washington; second, a more perfect
connection with your New York lines; and,
third, to furnish route for the southern travel
from the roads of the Southern Security Com
psby northward and eastward.
The drawback to this whole scheme is that all
these three inducements are not enough to
make it pay more than the cost Of working it
and keeping it up and improving the line, as
should always be done, without adding - the
col struction account. You must, therefore,
estimate yearly charge on your profit and loss
account one half the amount of the interest on
the bonds ef this company.
We regret, with this investment to add those
in the Alexandria and Fredericks-
burg railway stock. ................ S3l 900 90
Alexandria and W ashington railway
stock. .........e............ 63,72LOO
Southern Railway Security Com
....................... 7S3,73I 80
stock. .......................... COG, 10000
vile, bonds of the Atlanta railroad
and Richmond and Atlanta Air
Lire with collateral of So 205 69l42 ,164 9g7 90
western railroad of Alabama stock. 60,00000
Amounting in all to. 50 7O4 O65.3
which, though charged off to the profit and loss
account of 1873, yet reveals an illegitimate di-
rection given 10 the funds and credit of the
Pennsylvania railroad company which cannot
be approved. The securities above named,
with others in the profit and loss account, we
have valued at 81 100000, with not much pros
pect of improving. We are glad TO add that
your company is now in no way liable for any
guarantees, losses or otherwise on account Of
any railroad south of Washington.
TIE JERSEY Insurance CoSsPIRACY-
Justice keese Explains tchy he Holds French for
the Grand JuTy.-Lews +. French, who as
charged with attempting to defrsud the resi-
dents of New Jersey by establishing the spu-
vs. III =
for trial by Justice Keese in Jersey City on
Saturday. The Justice said that he did not
doubt there was a conspiracy in tbs case.
Among the papers OF the company were twelve
mortgages, two assignments, and twelve bonds,
each with a forged signature, aud in addition
an acknowledgment fraudulently made, the
makers Of which were not in existence. The
signatures were in a variety OF bsndW ritin gs,
and there must have been notary before
whom the Acknowledgements were taken. Here
was evidence of conspiracy. 1t remained TO be
sscertained whether Sacia and French were
parties TO il. On Sacia's part, the evidences of
fraud lay in the fact that he had taken the
mortgage to Mr.. Chatfeld for csrtfcation,
and, upon Mr. Chatfeld's requirement, had
taken afiidavits from pretended mortga agors who
had DO existence. These mortgages were the
securities upon which the Palisades Insuran ce
Company were operating. As to French, all
the papers were in his handwriting, as well as
the minutes OF the meetings ofthe stockholders.
French said that the meetings were held in
New York; that he YVES not present, but that he
wrote the minutes from memoranda sent BY
Sacia. But the minutes say that French was
present, and the meetings were held in Jersey
City. French pretends to have been the dupe
OF Sacia, but the facts showed that this could
not have been. Justice Keese fixed the amount
OF bail at $1,000, which French has not vet
secWed.-N. Y. San, 21St.
A LOST DAUGHTER FOUND Father Jour