The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-19


stated that our relations with spain we're a9sun.
ing an ltnfriendly character Ia consequence OF
ginlus AFFAIR anf- t,rc In consequence orders 70
vessels OF our Meet 10 proceed TO foreign statlons
had been contaminated and cohcen LaIot
amount o. war material was beng Collected as
Key West and all the scicoast deiencss were peing
quietly put IN state OF efficiency. Thus was tue
street startled with vision OF war III DON
at once; but both rumors were
quietly received. the Gold Room only responding
by an advance OF = OF per cent In the premi1pnt
Alter three u'ciock q special despatch 10 phe
denied y there was any ground Tor tue alarm gwen
III the Repn0licus article. ana denounc.hg sucn
purposes II suca were the case II must be SAID IL
was most signal failure. 1880. .-,.-. ---r,.
r ~ -if- F LAKE SHORE wa
Information reached the street early IN the Gay
that the matter OF the Injunction obtained re.
Gently by Jacob Rubino restraining tue LaKe
81. per cent dividend recently declares and pay:
able February l.. Tue grounds OF application iOf
the company executed q consolidated mortgage
to the Union Trust Company for S25,OO0.oou,
Company as trustees to take up other bonds. The
ratls also stipasted on tae mortsage 70 pay
date the 5onded debt. Inis they mad never done.
and on non-paymenr or TINS sinking fund
the Union Trust Company mad the power
erty Of the company and sell iJ at pupfc auccion.
Plalnrn. therefore. upon tins showing claims tne
rignt to come IN and get rei!ei, aud make me
company pay the iunds, set aside Iof the dividend,
into the SINKING lund, fnasmuch as the non.
payment OF the sinkin2 und gives the
trust Company the right, not to ioreclose.
hut TO take the railroad at once, run ir II
Later information respecting the argument had
Yesterday stated that counsel for the Lake ShoFe
Company ADMIT ted the power OF the Union Trust
Company In the PREMISES, wnerenpon quite
lively argument occurred. Plaintifi's counsel suR.
uesteu a feIeren nee IA the matter, when was OBJ
lected 10 by the counsel Tor LaAe Shore, on the
ground tnaI referee vas only ASKED FOR in specu-
lative suits begun AFFECT the market value OF
IDto RS rptl
stated ID tue complaint were ,rue the maiket
value OF the stock orgnt to be anected Counsel
a postponelnent were granted che Inn
mediate stay should De vacated, TO when
sci thar the dividend was payable February :,
but he Thought that II the temporary Injunction
were vacated there would speedy DC y meeting
10 winch counsel Tor the company retorted tnat ls
did not betomea man who was amere puppet IN
the hands OF Wall street spectators 10 make suc0
a statement. Further argument was thereupon
adjourned until TO-DAY. The above story Of yes
terdays proceedings did not reach tue street IN
line to produce any marked effect upon the STOCK.
WINCH throughout the day, only ranged ~ peg
cent, closing ! per cent above the lowest ngure
at winch IL SOLD during the day.
.ef CHESAPEAKE AND OHIO RAILROAD.
The seventh annual report OF this company has
lust ueen gwen 10 the pubic. 1t rs con tanned 10
pamphlet OF sevenLy-iour pages. containing much
Valuable statistical Information: me ionowing
oil uiI the documents subinltred:-
REPORT OF THE COMMITTEE.
General Joseph Il. Anderson, from the committee ap.
the s I'd ne aw ana re.
q Wee We
fuy they regret to Dd from the Presi-
e 81 s eFeS % aS Sy The
loarl our cennittee do not any way protesI-
ing large portion OF the creditors erhap, majority
espiins shs, While there is osiisvs
aa tns aasn a on Gs is
WILL w Sa anna The ' pa snous
on the bonds now as well as on those into
asss Il m ne
o. THs n h %a On" Ss sns
~ aa. which have TO De siyen very hastily IN the
~ 70 ,r 1s deemed IRON as pro-
every ro an IS% s eee eoa ana AI NJ
esns eyeS osT and ho r Y So
that has our aten,ea has eSas
IMP as Quantity ana anay 81 Goals
through which your ISaa a fS
.nS;n raw ssae and as coke, 70 the smrsnx q
sa 10 M period OF
years, yerv likely OF five Your coal ,onnase may reach
ysa sSS;; Tsss ISs 2,
saTnnss on epaiand we ana Ie average cost traas,
porIation the Psnnsyyania Ralroaa eight ,sn,ns
source II estimated iha; each nlas furnace max
ne I a. Of YOU" Estimate thn: twenty OF nese
in he ,s Se not 90 ~
ready made and the abundance OF i,mestone and
thirty per &C of this nes $J0 100 which, added to
th. stinated mel earnings from coal gives us S:o 01
net receipts from these two arclesnorc than enough
70 pay the interest on al The existing debt and tho
bonds INTO wniEn r. @ v etoaie THESE rspifs
from iwoartlccs, well 10 cousiaer how brilliant
M We f
ersdor IN n such
ures as appear 70 oe 10 s'c%e rnc
S Inre is uc in The report OF the Vice Presiiens
-, tue ere itors aud friends thn road gem
orally 10 nope thnt The may eventually he
cess when the connections are COMPLETED In
the midst OF shS scn , nu t,e yssr IN ~
nation tpat nnS a. ~. rs,a Ie,i ~ ~
% i the scs{ ntcrprise and show IN ID.
OF earnings as Compared the preceding year
OF what may sf Sevs the a" ne ro