, 1875-03-13
MiSCELL.AM

It il urdo1Etool tint Tho illinois Central Rail-
roa1 'rn1o, ycsserdny, reduction III fares on
through tickets from st. Louia to New York, Il
lB also rumorcu that next Monday this road viii
mako n similar rcd :c.,un bstwecn Chicago aud
st. LouiH. Owing to .the raiIroud war between
tho pannsYlrania aud Baltimore & Ol,io 1!ail-
roads, tho passenger business Of this road
Inns scyeroly suffered, and hc1no this nc
ton. THIS will undoubtedly forca the
Chicago Alton lta,lroli, which Is also suffer
luz, reduce lis passenger fareH. II does look
as II next sook tie wa. wou'A become general
on nearly nlt tic lines lending to Tue East. The
spting iratlic Ia now beginning aud unless thu
fares AFRO reduced tho peuusylvGnia aul Dati-
moro Il Ohio 1tail.oads will gobhle III, nil The
businoss. The managers OF tho Michigan Cen
tral Railroad nro ut Detroit Mt present, a! thor
visit to that citT III botlfved to hAyu ucuIet:lls
70 10 with tito 70 inclson VI r1sar,lGe: ratios by
TINT rond.
THE ERIE noan.
Tho negotiations wht.!l f,r Rnnle time laye
been pending botwccn tho Eio I!aill oad and the
New England companies wero concluded Ia.
Wednesday,. and their object, wi,,ttl WAS to so-
cltre through unbrokrn line for Eastern freight
yin tic Erto waB secured. Tile ron,e cl,csc1, by
tho combination ~. coming IRON tho Wet, oycr
tho E;4s ant .ts bsAiiclcs to SowhlltE theme
nerosn the river to Fs4t;tl Tho terminus u the
Dutcbess a. Columbia 1soad lunl by HAT lIno and
England. THO croauiug at kowLr.g vii
TO affected by maaMs Of nowly-oIEnnizcd
ferTy company, WHICH. Will aN entisGly new ont.
it, will be aLlo to tranalcr ali freight without
breaking bulk Mt tho river. 1lls meeting EEar-
nntoed tho SUPPORT Of tho combination to thc
ne" ferry company, and IN rotufn received o
concession that TIL Uarb would bo Transferred at
At tic kaino time division Of tho talifra Of tic
through limo Naa agreed uIon, cac!I company
accepting ccrtala proportion OF tho rcceipss.
TOLEDO, WABASH WESTERN.
Inst Tuesday q ratl was fsautd Tor norsfng
Of tho ntocki,nioers OF tho Toledo. Wabasl, i
Western ltnilroad. for 1lay II. to consilar IueaE
Nres for tue financial relief Of tI,u Company.
The following proponlttons nro recommended:
Ftrst-An incrcase Of thp common capita! stock
steosd-An increase OF tho preferred eap!.n. stocl
iAi.d-st.i'ns cash assessments on tho present
capilul stock of sum s,titieut 10 llIuidstc tLv
t'o.ti'sg deot and the 1as4 M coupons ii tue ooa
papt.
STOCKHOLDERS OF THE PENNSYLVANIA ROAD.
At tho annual nltc:tr,: ri tho Etuckhoidela Of
tbs Pennsylvania tai1tuad, 1lod at Tlllladolphls
last Tuesday, the Investigating Committee III.
pointed last 0ctol,or n,atU i report, submitting
!he following resolutions OF tnhtrlctons to ths
Dlroctorai
K<sueed. Tat The peltcy Of tbs Company hereafter,
ia " rc4s'oIs 10 Other companies controlled by #,
shali ts. ia Ill caSes whcro It ID uportsnt Tor liz
1t1thlA u tHp tCh4N$tf&Ul1 UNi$Q1u EpHlnanf.
either to conSo!dao vect lsases on jst terms Is
both lartlest giving preference tile rat, 10 Eur-
cassfly adopted n nany instances by yt,l,r C,.aIly
Of leasing Fo4s to be worked ut cost lrreby avoiding
lnany tnu,Elcatiols. and further rel,ayiuY your
treasury ttsn th0 eeesaty Of holding lar,e smalnt1
keep !u oslrr 10 retain control Of ths ruaa thus ii
oncs srbatnK securities which should Lv applied
"a hereafter Frcotnmaudta; that tho Dsltters
GS md they aru Gursby !uatructel to cu,sfusal
r1giy to tue provisions ii the consolidated mortgage
BY sprraiE!an2 tho socccda Of a,cn securities sH'Aro
nj NIL kAut
lFosetnents and rcaI-tslAa prtlases for tho Leu.
cit Of tho sMoFtEaEea pteAuiEes.
IAat tlo usaetufS &ull, fron tue to Tine Ael 0lieh
sTa!lao secuFl1!eS ~ may not be rcq.srd 10 lay for
Lestaen.s etc., u above, tue .oceeds whereof sha!i
- !nSeste1 III tae bous Of tue cuany .thh upy pay
- canceletlp n the Frmat,n5 securities sho suorcr
reieaAel 9Fona ths lion nt this tlurtHKc1.
iAa ~ our opinion the lh.tcy ab no cst1b!she Will
render nnn0ccbsasy any further issue uf boA under
tElG mortgage without tho ru4l of tho stock
hnAsess mt hal mud oba!nch, except tue W,
steaay isscd o. arranged u be tssue. and Tho oous
bun1s w they may mature; md,
MHkx&As Ihe !nteseata Ct yuur Company may bs un-
1aft[oDf AneGi1l W tho presence of o{hus socklUld
eFt ~ ths ig:nn.ylvana Company; therefore, 10 it
lfsotred, IhAt w Fecomnlcu4 10 t4s Diccton 10
aaoIt such neaauscs will, III thr!r judgment, ssrure
1ha tcnnzyyaniA iatsrnad Company tlo atsvlato md
Company.
a eortea OF RESOLUTIONS wcrc then, after debate,
hdopteo, including tho following;
Rstartd, That thu aatd report ail resolutions
4ca tAeeeo W Rnl tho herrly referred to
ae incoming Hoard OF uirettors at tho ltnuRylrpnla
a'foAA Coup4ny, With luAtructns to carry OUT aueA
y sS1a fosul4t!oAa su ~lo0 Or IN |AF ~ III their
ehsl be for ths Lest Interest Of tie stock