, 1875-06-07

1tAIlIlSDAD NEWS.
JAY oouLpts PLANS.
During tho last week or twD tho city Enn becn
full Of ,unors regarding certain projecta and
combinations contemplated by 8lr. Jay Gould,
wLnne ambition ia to control a limo from tho At
la1.tto to tho Pacific Coat, and Judging by pres
ent appcarnnccs hc viii undoubtedly succeed.
It Is wcl-known fact that tilis nhsewd fnanit>-
ulator, since llo got control OF tho Union Pacific,
has gobbled up nyery competing limo, 30 Ra 10
6f,s',te him to 1Dako sncli rates ns lo chose. In
1aHing tic ratios he hna however. encountered
much opposition from the 1own pool lines, wi,icl,
consist ot tllo Chicago, Burlington 4 Qniney,
Chicago, Rock Island 4 I'aci1c, aud Chicago 4
Northwestern, oil OF Which lead from ts city 10
Umsta. On this account Dir. Gould In yrry s,i,-
fricndly to tho pool, aud las for solno tlnc heen
taking 1noaHuses by which II II EAid 1t
will 10 broken np. Thoro In but litsio
doubt TINT he has been trying to Obtain control
nf QUO of tho abovo-tlamod roaih, hut thus fnr
1lo has had but lttlo aucccEa in this scheme. 1t
wns expected that ut tho late election Of tho
Chicago Il Sor.hwostern, 1satroad ho would at
least Rccure three Of tho new Directors !: but
ihlH prediction llaa turned out to he wong. M
only ono cllango was made, aud whothnr that
was iu fayor OF Afr. Gould or not cnutd not 10
aacertaiuui. Mr. Tracy, rho controls both tho
lock Island aud Northwestern Noads, is accrtd-
itcd With tie failure Of Mr. Oould's echcrno IL,
tia respect and he Is reportod 70 have said tint
during hta llfc Gould should not get control Of
either Of these lines, It Ia now reported thst
tnn m % Central i md DS eiicsso burlington 4 quincy
Laso a direct linao from Detroit to
Eau Fra,.cisco, aud, Il tho report
Merq true TINT be- already os!sa controlled
troll line from New York to San francisco
would bo nttained.
In the meanwhile, h1r. Gould Ia taking ,noas-
ures 10 control another line IN case this acetne
1ailH- FactH havo come to light during tho last
two weeks which show that tho Union Pacific
| Inns, to alt intcnts and purposes, swallowed III,
tho Kanzas Pacific, and also tho st. Louis. kan-
Has Caty h Northern Railroad. TITO contract
wanted to biud tho sale. Iiobert u. Carr, Preei-
| dent Of tho kansaa Pacific, las not yet given
| his aFsent Int it ia asserted that he will III q
| few dnyB. Uudes the now combination, the Jay
mud express trafllo OF thc+o 1ines Tie
facts nro not known outside .of Official
circles, but announcement will 10 made
Ill tmo to !,aye tho contzact go nso effect OIL tho
1at Of July. This nov continuation will control
tho Cen,ral raciac, Union Pacific, kansaA ia-
citic. aud st. Lou,n, Kansas City X Northern
IIy this arrangement Mr. Gould can act ut,tuely
independents OF tho pool, which necessarily n.nht
break up. He can tako all racitio Coast freight
by southern line around Chicago vim St. Louis,
OF tlo can ship freighsa by Tho Chicago Il Alton,
Which connects at Now Mozsco No., with tho
| st. 1.ouia, kansua City Il Northern. Yet 1t IL
certain that Mr. Gould woul1 prefer to control
ono OF tho pool liuoa, wslicil would giro lin tho
most direct route. Tho above arrangement has,
| i'll oil probability, bcou mRde 10 bEiug the CHI
| cAgo roads to terms.
q COL. SCOTS REJofNDER.
Tho Philadelphia ledger reports lho result OF
an interview had on Wednesday with Mr. Scott,
President Of the ronnsylvana Nailroad Com.
psny, at which inquiries clcited tho following
information: Tho nccounta Of tho Company for
the four months ending April so Of this yea
havo bcou carefully mado up, aud show Tint the
enuso decrease In groas earnings Gu through and
competitive business for that period il s444, !.
G67.08, nat allowing as not profit on this traffic
25 per cent Which is perhaps atoyo tho average
Of tho profit On through business d not loaz
is shown OF about fl11 UJ0, being lcRs than ouo.
sixth OF l .por cent out Of tho annual
fund for dividend purposes. This representa-
from tho aoaboasd. resulting from tho depressed
condition Of tho country. This depression hnf
boon severely foit BY al The local Interests Of
tho State, and TO keep tho manufacturing eatnb-
lihllmona along the line Of tho road In operation
and tho labor dependent upon thom employed
1t WAS neeessary for tho road to reduce its loca
rates, SO that, although tho tonnage for Aprl
was the hoaYieet ever moved In any Que month,
It Was handled at low prices In reforcueo 4
cllargo Of cents rer hundred for terminal CT,
ponsos at New York waa excessive and unrcasou
able, Mr. Scott stated that tiia Charge cosctt
facilities furnished ut tgo important tormina
roiuts-Jcrsey City mud Now Yosk-wAe1t
tho cost Of thu real, cstate necessary II
10 tho work largely exceeds TINT ii
auy other point In tho United States
It embraces tho cost Of fcu5ing ncros:
the Hudson River, the handling, warehonsiug
l nj frcl0l,t In Nats Srrt. f}or
held at high rental. together with tho co!lcc
ton OF freight, tho issue OF bills Of fadlug. INT
everything Pertaining 70 tho transportation bust
ness. Tho obte@St it, o. ho Company y not to '!s mak
burse aotual expenditure, Tho Ledger adds tha
1t ia aasured Tint Acro IL po personal grievance
on tho part Of any oftlcos' of tho pennsylran
ltailfoad Company to interfere with tho unjust
1nent Of tho question at issue; that 1t IL purely
business matter, to be settled OIL busneaa pr,n
cpea ~ soon "a proper basis can b0 aGEeet
upon; and TINT that Company il scady now as i
Processes always to have been. to sefcs any quoS
rartios for their decision. This sotslcment, wAel
feaclcl, should DO put In such pormanout forn
by tho nctiou OF the DoartlH of both CompAnte
that no tritling cause will bo allowed to d!stur
, II III tho fututa,
ITEMS.
!, The annual meeting Of the stockholders OF tn
Chicago i Canada Southern l.airoad Compan
!, was held Thursday, when the following Director
wcro choson, J. W. Converse, Milton Court
wright, Btincy Dillon, David Dous, John lloss
". L. Scott, David Stewart, e. 4. Wiclos, AL
Nlcol kingsmi!l. Tho Directors moct At No,
York on tlo 18th to elect officers for sho cnsu
lug year,
On tho 18th Of this month. tho rekin Dtyisio
OF tho Iolodo, Wabash i Western Railroad WI
10 completed to Peoria, ILL.,, thereby creaslllS
new througll-liue betWeen peorEs, Docatur, 10
/ / Yz1n tn xr,3tn Erut nj