, 1875-01-25

road would bring more. thus dH.loned Of than
e37 ,0o0, 600, which is tho an4ount of tho bouled
dsbt.
MICHIGAN T. OHIO.
Tho Michigan l. Ohio Railroad Company haH ne
gotiated pa1t OF ita a15, ,0U1 0G0 loau in London
at 8711 per cent in startling. This 1luo, which in
already undor construction, extends diagoDaIly
across the two States, connecting tho lumber
regions Of Northern Michigan with tho non ind
coal-rogions Of Virginia, tue lcngth from Grand
Haven To Portsmouth, on the Ohio River, be-
ing 400 miles. It crosses all Of tho East and
WeRt tFunk lines in its courge aud will terminate
SO as to connect With the Baltimore L Uhio Hail
road. In regard to the progress Of the Western
connection Of tho luster road, it is learned that
nothing further has been done towards building
the 100 miles between Huntington and
Cincinnati III consequence OF tho inability OF
tho officers to borrow mcney so long ns
the affairs OF the Chesapeake l. Ohio are uua.l-
justed. Some progress has been inado iu secure
ing fresh accessionH to tho funding plan OF tho
Company. and it ia hoped that Ill tho creditors
Mill giye III their adhesion to the proposition III
order to prevent further h&ctitlce, complication,
aud decentralization. The road il uuderntood to
hayo passed through ltB most trying ordeal, aud
y showing decided capacity for improEeIn
Tho local earnings show steady increase. a1ld
tho coal and iron interests arc giving symptoms
transported during 18Th The earnings for the
past tiAcal year werv unduly abridged by several
speclhl cnuBes, Which eau hardly occur agaii,,
but al OF which cumoiDod cut down tho business
aor "'Inv, Tho gross earnings wcro 81, ,4GD, IS9,
all.- ~, net $245,Bi9, but tho Improvement Tor
tho cu1rout month juetiios the expectation OF
gross revenue OF over 81 000 100, with more than
double the net ro7oaua Of 1874. Tie road il
now iu good condition, its labor claims arc grasl-
ually liqu!iating, and II not interrupted by its
creditors it eau pay ita own way, md ultimately
the Company.
~ -.--- ...-.. ..
PEORIA ROCK ISLAND Al RAILWAY COMPANY.
~ sne s"'s A ,. ~ hoa'as ana o1net' aea'''ss
.ne ioo3tA !" nooa Aslaoo tsa''"8y eoenE"aS.
voun H. A'i'la1a' 'no pfeseut oupef'nRenoeh1 OF
the company, "as appointed Neee'yer ny tue
consent Of hi parties under bond Tor s5o.ooo.
lno !ece'Ses - autAoF'zea 20 manage al tue
1faoc1,lses OF tho Company and under the dlrcc-
non OF the court TO sell tue property OF tho
lallroad II NECESSARY. Inc Company Is ordrred
to assign and transfer to him all its property
subject to The mortgage which ia sought to be
foreclosed. also all pc,sonal proporty. all con.
~, ~. ~. H. .,,-a,,ago - i.',t s,,1 -, atsa
sraoIa 1of Tue purchase OF lana, snd ail other
equ4laole 'nteresss IL may o"hs INC AecelVcf Id
also authorized to employ counsel and to take
tho wholo charge of tic Company'p AFFAIRS pay
the operating expenses and the taxes falling
due, tho suu,B duo for labor. and tho interest
duo on the mortgage for sl5u 0UQ made by tho
Rock Island & Peoria llailroal Company, and
assumed by the Peoria j. Isock Island hallway
Company. The validity OF the clattol mortgage
Tor zoo, 600 10 Il. g. lngersoil to secure ", il.
certain Endorsements and appeal bouds given to
raise money for the road IL iecogpizp&, apd bIr.
Hiiard ia authorized to deduct enough to socto
secure himself aud Mr: Hamilton from liability.
~ ~ sat "nea taas a y aono e o. 10
~ "'''%A'@ 'e'"' "0e ~ ~ .''o@''>A'
CUTTING RATES,
The various railroads loading to the East seo
still "outting," though tile rates nro about tic
sstne as those last quoted. Nearly al the con-
tracta for Nav York are now male at 35 cents
uer hundred on fourth-o1.se froiyhta md rrain
I'd an oo,,t. =. ph,f.5al,h;. s,'s 1,.I.;t,a.s n'
~ nv =. eeuss ..as' "no 4'a's'aaoie'
more 10 hafd1Y pfooabAaty lint fases Will 10
eenorsI freight Aaapta proferripe TO await
tha raarlt ~ +io combination ,,oott,,,
n Ia hsL a. Naw yort ~, . haro-o
Going to war in esruest. Shonld this meet.
Ing turn out as disadyaotageousy az It's
predecessor In this city aud Cleveland and there
,s nat tit!e psoae:S,t taa. y W havo may better
1osi a.rnaat nd nhng snnrt ~ .Ta.,n;,;..;n,
it, fiysis Vii, suit INV Of them.
The war botreon the Grand Trunk and Great
Western Railroads IN regard 70 passenger rates
~ ssln Kong on: nut tne pseaict'on Is mage taat