, 1874-06-17
h1ilwaukee & st. Paul and North
western May Join the Conn.,
bination.
Annual Report of tho Pennsyl-
vanitt Railroad Company.
a Sure and Steady Increase Of Re-
sources and Earnings.


THE LAKE FRONT.
THE c1Tr's RIGHTS T1IEMEIx.
Tho railrond companies which arc most inter-
osted In tho sale Of tho Lako-Front do not con-
cider tho action OF tho Common Council in order
Ing 1t to be plated of and advertisdo for
sale, Of any consequence whatevor. Tho most
prominent rairoad attorneys III Chicago declare
that tho city has
NO N10uT 70 FLAT THE PROPERTY
md sell 1t, aud that 1t could not give perfect
title for the same; consequently, but few
parties would DO found willing to invest
In tho laud. The Chicago, Burlington l.
Quincy, aud tho Michigan Central Railroad will
make no bids, although they think TINT thoy
could bid III th o property at ha1f the price they
formerly offered for 1t. They claim that some
parties would put in
llroH BIDS Fob LOTS
which tho roads chiefly need, md thon charge
tho Companies any price they pleased. Besides
they nro unwilling to invost in the property AZ
tho property-hplders Oh the avenue demand uu-
reasonable amounts for damages. There is no
doubt that
TIE MICHIGAN CENTRAL RAILROAD
is very anxions to leave the Lake-Front, 1t hav-
ing been qunrreling with tho Illinois Central
Nnilroad for several years. ctaiming thnt the lat
ter rona charged them sn unreasonable rent for
tho llBo Of its track. AB Tie Chicago Burlington
4 Quincy lsailroad is in great part controlled by
Mr. Joy, tho President OF tho Michigan Centrnl,
these two roads will undoubtedly stang by each
other.
President Of the Illinois Central, is worry
reticent in regard to tho Lake-Front
question, .ls but it is bolioyed that ..;h ho
OF tho ground between Washington and Madison
streets and tho present track, to q distance
within about 160 feet Of tho avenue. The plat
for this pece OF ground was ready some timo
Il. n
3 ad e the one no9 GentS f, ta a5o'a d d
f266.000, or the third part of the s80u.o0o
originally offered by tho three companies. Dut,
somehow or other, tho offer has not
yet been mado;, from which faet i
still hopes that tho whole property may ulti-
mqto1y be obtained, and TINT the other roads aro
lneroly "playng possuns,' aud would he glad If
they could JOIN In the erection Of a grand union
depot ut the Lake-F1ont.
Tho Chicago Il Burlington and tho Michigan
Central. however, claim that they will, under no
circumstance, remain on tho ako-Front, al
though they hnyo not yet decidet npon another
site: Both Ioads would undoubtedly like to 60
Wayne in tho eroctlon of grand depot, but
SUCH UNION
Ia not worry favorab1y looked upon by tue Alton
Road, which would be at \ decided disadvantage
pot, aH tho latter road has already itB freight
depots On tho West Side, on Sixteenth street,
while the latter would DO compelled to remove
its freight-houaos on Van Bn1en street to come
plnco outside tho city.
Mr. r. B. Blackstone, President of tho Chicago
l. Alton Railroad, was ahkcd by TRIBUNE re-
porter yesterday whcthey the statement made by
morning paper that an agIeelnout had been
made With tho Chicago, Durneton q Quincy
and Michigan Central railroads, to ercct 1otutly
4 GRAND ONION DEPOT
at tho west end Of A1adiaon-Btroct bridge was
correct, and replied that II such arrangement
had boon ,naio lie was not aware OF 1t, and that
tho first Ao 1enrnpl Of it was from tho nrticic
In tt,at papor. Air. blackstone also stated
that lie personally would have no objection to
tho roads coming in; ho waB not afraid OF COM
petition but ho lid not hclieye that 1t could bo
dono, MS he would not conacnt under any circnm-
STANCES to remoye the freight-lopots now on
vRnB.lrcn street. aud then tho A1amB street via
duct WOULD a}no be i'll the Way Of such an AZ
ranEement, III depot could not bo erected largo
enough for nix trunk 1ines OH tho present sids.
Mr.. Blackstone, being asked how tho ruu1ora
about contract having been signed originated,
stnteu that
AN AanEEMHSr ron TIE ERECTION
OF O. grand union depot had been drawn up
refused to sign it.. This matter lad lately buon
taken mp again and discussed, but nothing what
ever lad as yet been accomplished, some of the
most Interested roaIs still refusing to sign the
From NIL thnt can bo lenrnch thero is M proB-
poet that the Burlington i Quincy aud Michigan
Central will enter the Madison street depot very
aoon, but thers Is aomB prospect thnt within .
year or two such depot will DO bnilt there by
QUITE DIFFERENT COMBINATION.
The Chicago d Northwestern Ratlroad Depot
Htands entirely iaolatcd, and The managers tllln
that their buslnoHs would greatly Increase II tho1
could come in tho sumo depot with some Eastern
roal. Tho track now used by tho Chicago, hti1,
wnulsoo i st. Paul Railroad belongs jointly tc
tho Northwestern and rlttspurg Il Fort Wayne
Nairoad, and the Northwestern could there
fore outer Tho depot OF the Alton and Pittsburg
d Font Wayne HoadH over It's own track II
may safely DO asserted that tho Northwestern
Railroad ii nov negotfattng to join in tho cree,
; lion Of depot at Madison streot bridge. and, as
the objections urged by tho Alton and plttahl1re
Il Fort Wayno Roads against tho entrance oil
tho Lahe-Front roatls do not hold gooi
ngainst the Northwestern mud milwaukee, L St
Paul, al they ontor tho depot from the opposite
direction, such combination may BOON bo effect
cd. but, oven II 1t is, there % not tho leas
pFospoct TINT tho now depot VII 10 commenced
having the millions to spare for grand dcpo
at the present limo.