New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-06-08
RAILROAD AND TELEGRAPH NOTES.

LITIGATIONs, PROJECTS, AND COMBINATIONS.
Some time ago the Gilman, Clinton, and
Springfield Unos) Railroad gave 100000 Of its bonds
to the Morgan Improvement Company In payment for
material and work in the construction of the road.
they we're afterwards guaranteed by the Illinois Cen
trail and Pittsburgh, Cincinnati and St. Louis Railroad
Companies and at the request OF Andrew Carnegie,
stakeholder in the Improvement Company, were
given to him for negotiation in 1871. He
negotiated them, through the banking house
OF Morton, Bliss & Co., OF New-York,
and Morton. Rose & Co., London. Samuel, H. Mevine
owner of onetenth interest in the Improvement Com
pany AYERS that no has Just discovered that they were
all sold in London for 90 per cent in god OF their face
value and exchange being in favor Of the NewYork
house. per cent really realized Only so per cent
in currency was paid to the Improvement Company,
while the remainder divided, as alleged, between
the banks and Carnegie and Osborne He has therefore
begun suit against Andrew Carnegie stakeholder In
the same concern, william Ii. Osborne Of the Illinois
Central Railroad and the firm of Morton. Bliss Co. Oh
New-York, Morton. Rose Co. Of London, TO recover
t3OOOO with interest. which he chages defendants with
withholding from the proceeds OF the sale of the s200
worth of Gilman, Clinton and sprineld Railroad bonds
new Government tee graph line is to be constructed
the protection Of the frontier settlements OF Texas
against Indian and Mexican depreciation 1t Is to be
continued from the city Of Dennison Texas to Fort s
Indian Territory, and along the military posts 10
Brownsville. and the Government has made an appro-
priaton OF 100000 The following route for the line mas
been selected by the Secretary OF war; From Dennon
10 Fort SILL Indian Territory thence along the northern
frontier line of settlements to Forts Griffin and Conchar
thence to the Peco River the mouth OF Tokah Creek
thence TO Fort Clark Los Moas Creek thence TO Fort
Duncan on tine Rio Grande down the RIO Grande, wa
Fort Nc Intosh aud Ringod Barracks, 10 Brownsville,
connecting with the different military posts. These
about $50 to 200 miles apart aud extend over
The contract which has existed between the Union
Pacific Railroad and the Western Union Telegraph Com
pany has terminated the Union Pacific Railroad au-
thorties considering very onerous one The Allan
t o anu hrines Tev are ahont 70 construct an iode
pendent line from Omaha to Chicago, and thus com
Of their wires to extend between NeSYork aud this
end OF the cable now being laid by the Faraday.
As soon completed the new cheap toll system VIII 80
into effect
Arrangements have been made between the Western
Union and American District telegraph Companies for
business alliance wherever their systems have been
established in the United States Offices are to be esab-
lshed and maintained upon the principle OF mutual IN
terest messages intended for the city above Cham
bers st. will hereafter be delivered by the American
District Telegraph Company Twenty-eght 0fiices are
when the Companies deem 1t necessary to do So Five
OF this number will remain open for business day aud
night. Six Others OF the American District Company
will be kept open all night and messages Will be trans
mtted over the Western Union line, thus making Ii
offices altogether constantly open Tor The transaction oI
Articles Of association, drawn up under the General
Railway law OF NewJersey, to incorporate the Peoples
Freight Railway Company, were filed In the Secretary
OF states office on satqTday Tne stoekhoier , are
Kmbal fNssYOrE City an! BaScoGs J,n,s F. Llasos; r.
Kerr Michael Kelley and George W whyhard Of Jersey Cry
these gentlemen are also directors The object is to
Island Sound. at the State line of New-York, in Union
County. or Woodbridge In Middesex County 10 point
MA within the townships OF Kugwood Delaware in
HUNTINGTON County The length Of the road is 20 be 80
Somerset, and Huntingdon. The capital stock is
100000, divided into 10000 shares j. NJ Nash Of
BroOky takes 9S shares and all the other corporators
one share each, which makes 1000 shares the whole
amount subscribed