, 1875-09-18

coed. Ho has airen,!y succeeded in influencing
tho Board to have tho meetings hell In Now York
instead oh1soston, as her'sosofo. and Tho Offices
at Doston will a1no be removed to Detroit Or 70
Now Yurk, It is sail In connection with this
that Vanderbilt IL also trying to so: control OF
tho Grcat Western or Canada Southern Railroad
eD % to lavo another through line from Now
York to Chicago.
THE ERIE.
The following proposition for tie RECONSTRUCT
ton Of tho Eric Railroad has recently boen mAdo
by tho foreign bond and stock holders OF the
road
It wnuId be rity The rretcnt CRISIS in the Affairs
were not result lu thoroughly efficient srl,ets
end L yon can satisfy he stafcnolets y tho M aI
II has been proposed tha: the ordinary sbareholers
ahnuh bo aPse.sed no many aciara rer share, aIll
may DO j1.ide: stil1 tho arbitsarnesa Of
the proceeding Is objectionable. and Will undoubtedly
The object 10 attained t'y isaltns 90 per
son moro common M sosk & one nsn share fof s'srg ;
price Of $35 10 10 alned, m amount Of 3lo,oooo
in cAhh will bo REQUIRED.
Thi. price may rertsin1y uow ~ considered too
lalnod, Il Will probably he = vatnas'e privilege TO
the present aarehodsrs 70 HAYS tho hat right 70 sub-
In consideration Of tho ordinary shsreholdsrs ,ls-
ing as smouns Of money = 'o M 10 cp9sed +; rssy H.
hodets ese latter to sgrec TO capitalize t1er inter
eRt for two years in bonIs ahares bearing their
Tho qoa,i5n Of ,ho priority clal.ed BY tho prefer
cncc shareholders to ba scstlea by arbitration OF eon-
pettnt parties.
Tho rental Of lcsscd lines to h reduced whenever
praetleahie.
fihe snoun. thst would 10 sv.1lsb1e frnm HE new
shares and funding of coupons would be abo1,t
ftap0J,G0o Assuming tho net earnings beyond tho
II alal. 1t only 81 a.vou.oo n war:
about S., ,t00. .o3o.
To nArrowgaueo tha 1Ine. Including tho purchase Of
w.ch cannot bo atezed viii &baorb furthcr ii ooO.-
NH,.
dillon TO the charge to Iuvenuc for renoHas may a
aerb 81, ,0CQ,N0p.
branch lines to open up the coal lines and upon
cosl Wagon stoek there could ho appended adrAn-
On completion Of tho doubo t1nek on Tho main lsnu
tnp,oTcmenss tn s,dinsa stasons, etc., recommended
ton. = xea b asteuaed viii rea economical adrau
u, aL!;ians to rongsock to meet growth ot tsaf-
expended thu nost yesrs dnrlnR wAch period
the now shsses would oo ps4 up by ball.yeasy III
Tho csrisa, ot .hs Company would th1n consist Of
81 ooo 700 Of bonds and preferences asd SIT o 900
Of ras s5u1ly sor 'hass ns5s,t e,,ro NJ ecot u,1 b.
$oo0s 1, and ne rentals at 'noat st'oN,ooo; total,
WIKI kuo AH0 Hu4ufu HQu fIHPpen u pro-
roacd, .ths .~orktng expenses WOULD b brought
anwa t. % pr cent, nn9 tno tssS vi, Within nG
ySsn. ps b. At q
Il !! ea7'ns res eent fo1 tho os<l,nsry shares.
roquisis to meet al tho rentals, bonds, aud prefer
enn tnertst il only tls,Uo0o greatly un'sN what
e betnv earned during ths prc'eis o1tromaNsspres-
Tins nothing htrs tuaieous ou.ity Is required to
place tho finances at thu cnncasn At oncs aound
RY1d SD1nh lint FFNf
result the new sek would he cagesiy subscribed Ut s35
currency per Slul
CHICAGO Z SOUTH ATLANTIC RAILROAD
COMPANY.
Tho annual mcstinS Of the stockholders Of
this road was bold i'll tl.a city on the 18th Of
this month for tho purpose OF tho election OF
TIC officers sud Directors ii tho road. 4 fair nt-
tendance Was had .restiy ali rho old Directors
ra!ired, at,d now Eoar1l was formed The now
Board consists Of John T, Richardson. OF Delphi
and Caleb Crosswti. Of Chicago, Of tho first
class; Enoch Mnehtrt of Delphi, and Sam 7.
Atvates, o3 Chicago, the second olaas William
H.. .!mond, Of Monticello. L. b. Sims, Of Delphi.
and NoboEt Rae. OF O1Icagn OF the third c!aas.
TIC Hon. William 8. Raymond, Of Monticello
1ul., H'as elected President, and Hobert Aac, Of
this city. Y.ce- prcsldent.
IhiS'ioad has heen for fow months en-
barnsbed, hcnca tho change in tho Board. It
and wns tho cause which led to the present
difficulties. The pinching times mado hia i'm
possible. and tue Company after constructing D
fair portion OF tho road. found q floating debt
aources to meet IL. Tho 4eaeta Of the COMPANY
wore largo but not available, nearly $3.50, 900 yet
Of nnc1lEed subsidies, but requiring =
large nuna Of money TO be expended t.,
/ obtain them: Tho fscs thst tho new Doard
election. The aum named ~ now subscription
ia 600 00G, hnd 1t had nearly al boen plodgod in
advance Of The clection. ~ resolution aum Is
To DO irss sot aside to tahe b ali Hatored csainp
and for thss purpose an Auditor ~ to be appoint-
Cd ty the Subscribers To the fund to audit, allow
and pay these outstanding debta. All persons
holding claims against tho Company arc request
ID 70 present the Same On or before the lat Of
Oalce. Mo. 20 Major Block. Il IL be-
i!efsd tint with this nav fund Tho
Company will DO enabled to complete tie link
between this city aud Indianapolis. Tie uow
Board mado q carefu! oserhaul,ng Of the dolngs
ftcs!Y satisled With tile fidelity OF tie old officers
anl the honesty Of tlelr administration. In q
fsH daya tho fopott Of the President aud Eu.
queer will 10 nado public, and tho community
THIS Ans w1.h'n tho past year.
ALLEGED MALICE AFoReTHouoHr.
spts'at D'apa&ch to Thf Ch.caoo tribune.
| '-Ao'H a@+I tocEks At+"AA2 A!bPAtCt III lMlh
nnthinsa TRiLrsE frotf Davenport tn tho ef-
lee1 that Work was stopped on tho Chicago.
tl!nson q ~eAsr1a nstlroad, Ia mlschievons
fhisohood. At IN t'ma Ina the grading proceeded
more f.p'alY thsh uo~. Tha contractors, Wall
baum. b'9agcs 4 Co., OF your city, have aiue
different gangs Ut men aud teatus on
tho grading. Tho track IN re.1y far
the irou u ~, distance Of is miies
from tl4is city, The isss nt nezt week gsngs
will ba vt york ln ooth Cedar aud 1ohuson Gouu-
days. aud. II necasssry III order 10 complete the
road 10 lows City On contract time, sh,rh il Tia
lat Of December, the track Mil be lad non,
three different points. Tito Davenport aiypstct
IL the sorA Of aonae enemS Of tniy t.aas enter.
rssu.
| THE TICKET AGENTS.
SARATOGA, N. T., Sept. l7.-1ho somi-annu.]
Convention Of Railway General rletes and Pas.
senger Agents assembled here to-day. u. N
Boyd. Js., OF tho philadolphla, presided.
| nl,ara IL a oontA al and nsJca Of mefnber6 ri,