, 1875-01-11
RAILROAD NEWS.


!
FAST FREIGHT LINES.
At the fast freight lines meeting held at Noch-
ester few days ngo 1t Was decided that the
various railroad companies shall hereafter pay to
The fast freight limos but cent per milo por car,
instead OF t cent per milo "a they wcre feceiv-
inr heretofore. The fast freight lines aro or
ganizations which control tho through traffic
over the various IinCe. In sonto instances tho
officers Of tl1eso lines nre also officers Of tho
roads over which they transport their goods.
But in most cases they arc independent ofgani-
cations, and aro controlled by parties not bolonE-
ing to tho roads. These lines secure the freight
aud transport it In tho cars OF the railroad
connauy aud tue company pays them. Ia adj
tsion to loaning the car, tho aboso amount.
There xto largo number Of thoao lines tn thin
country, and tno most important orc the "Eed
Line. White Line" "u!oat Mesterq ~: ~,
:'Nntiona, Line" ''Cauada soushetq Line"
"Diamota' Line" "Dluo Line" and largo
numbo1 Of others.
Ihc roaaon for The failure Of tho Saratoga
combination waa III great measure asorIbed TO
tic aclion Of these lines. It was Claimed that
tho Pennsylvania, Eric. and other roads HAD
lines which in fact were owned W them, and.
consequently. were N faTof re- .. tle sa,ratega .s'
lifted by tho fast freight linos. whl' tho COM
pauica them ,oives would not he blamed fot tt.
Tho i'll fcoliug against faat.frosht li,lGs has
bccu growing ever sltce, and several Western
roads worked h 1na 10 have thom abolished. The
above reduction wsB maao ~ Kind OF con-
promise.
SUITS AGAINST WISCONSIN CORPORATIONS.
Jesse Hoyt and Warren Greenleaf, Of Now
York, hayo commcnosa auit in tho Unitei
States Circuit Court against tho milwaukee,
Northern hallway Company, tho Wisconsin
Central Rai!1oad COMP any, the Wisconsin Ma
riue and Eiro insurance Company Bank, and tho
Phillips l. Cclhy Construction Company, for
foreclosure Of mortgages aud other purposes.
The bill states that tho complaipants received,
Oh or about tho 1s,t Of December, 1870, from tho
Milwaukee & Mort tern RnilroRd ComnAny. to bo
held by them u'de ~ .5ss aesa' o9aos az rr oI
s., ,0uo zach, all OF aaid bonds being payable
tueaty years after ,late, with interest y per
cont, parable the 1st Of June and lst ol Doce1n-
,ulcr the totps OF ti.o trust decd, paid over
each and every OF salt. bonas to tho milwaukee,
Construction Comra ny, BY whlrh Com-
formed, in part payment Of their contracts, and
raid Company tle1oupo, Aold and delivered said
bon.ln 10 Divers iudiyidu. rs who now held them
~ an investment. Ths to socure SAID bonus,
and tho payment OF iutt rest thereon, the said
COMPANY executed aud delivered to complain
nuts a decd transferring usl assigning TO them,
/ in trEat. tho vlolo OF The tlrst diriAon OF tho
railroad. namely fron, Mils nukec 70 ufeen nay.
| md al, branches, or extensl otH, Of said trunk
ratlron,i. that might be built to Lake Michigan,
| Lake Ninuebagc, or fox Kv.'r, with al! movable
+, aud in,nloyablo properly con nccted theroWIth,
! snch trust to oudurs until TIL. payment Ut the
boods In full the deed contain ing oil the usual
| provisions OF first mortgage.
| The bill than eets forth the d. 10 recording OF
tho decd, the completion OF tho first division,
| mil tho various btauche8 aud co unecttonB with
I oAJ,s I'd and A History
| lease OF tho Company nnd all ita pFopaFty on
tho 9Th Of November, 1873, to- Il q Wisconsin
| Central nailroa, Company fur 999 tarH.,
| Co1nplainanLs charge that tha Wis :olsh1 Con
trail lsailroau Company, in some way, mad . ove'
The said property to tho Phillips It Colby Con.
struction Company. but under what eo'rsot o.
agreement, OF at what date, complainant IS az IN
.6le to state; and that the latter con ANY nov nov
claims to be in full anel solo possession of sac
! road, is operating tile same. mud receiving tli'
incu1ns, profits, aud earnings tuer en-
Tha. said Phillips Colby co''atac
tion Company as p'ainants belioFo, ID IN, in
tho purpose Of constructing the "iscuus
Central ita,1rond aud must lnsve Incurred in II
construction Of said road large liabilities, h's1
whether tho said Company,is inso!Tent or ned
tho complainant docs not know, although the7
arc ad.iHed TINT all enterprises OF thas nature
are laborinE under very Grent om6nI1ashment
aud they charge the TACT that said tiilwaakee = 4
Northern Company wAa leased subject to tho
provisions Of tho aforesaid trust mortgage. the
Wisconsin Central covenanting. to 1onder
each month 6tatement =, lau a,,c.
earnings OF the NotthoFns afu ~ KY w. W.
S5 per cent OF such gross earnings u ,ho wa
! couslu Marine an,l Firn Insurance Company
Bank to be by them hold In trust to p&J interest
m said b3ndn. md should this percentage not
LD sufficient to pay such interest As it foil due
the said Wisconsin CcDtral was bound to &d9anet
"hatover sum Was Waiting, aau aora5 ''e"1A W.
Further, tho compIalnants aver that they arc
: informed and beleyc inst tho Wisconsin Central
ID ,lnsbe to pay tho interest duo on its bonds
sts tiehs amounting 10 neverai msihon aoilala
Compiatnanlb pra5 that heeelseI ~ apposnsu. ppaa
to the property moGtsasel ~ 'noA4 - 'ao'0eo
Will poWof 10 enect EePaiEH.
a,,,-n,-v ,,uu.v
'ne tGoh.. ~, "s.. "H1.> % ~ ..a H.r vor,
Central NaiIyosd has already enabled tho Com