, 1875-05-17
RAILROAD NEWS.

NEW RAILROAD PRESIDENT.
ME. F. L. l1iackicy, tbs great railway naguate,
would do we'll to look out for hts laurols, for n
naw competitor has just oatetcd tho field against
him to obtain control Of the network of Wcsseln
railroads. This DOW l.a!lGoad Prince ia none
other than Judge Beckuith, Tho General Solicit
or ot tho Chicago j. Alton 1tailroad. at q laso
meeting Of tue stockholders OF tue 1lllnotH R1vot
Railroad, tho Alton Railrond, which operates It
undor q lease, obtained iull control by securing
.lroo out OF the fsc Directors for this road.
Mr. Gccaw.th was consequently elected aud duly
iustallcd aa President Of tho new line. Thls road
10 now completed from Joliet. ILL.,, to tho Mazoa
Myer, iu Orundy County, dlstanea Of 20 miles.
It ts. however. tho Intention OF LII. Dcckwith to
oxscnd tho raa1 to strsator 10 soon IA
possible, and iuyado Mr. u|ockley's
territory. Mr. Hineloy uil then have to look
ont, for Mr. Ueckwttli 10 no ordinary foe. and
though yat young III tho business, III old iu get-
oral experience. Mr. Deckwith has also boen
elected President Of tho Wilmington Coal Conf
many and several other companies having
mines In tho Dtiaiwood coal-to!ds, through
Wl4oae lanaa Ills rosl rnus. Thore tn no 1ouot
that, under Mr. Deck"ish's experience and able
welcomed 10 tlelr fuless capacity. OF eou1se.
hlr. DcckwitAs coupan!oa arc controlled by tho
Chicago AIton railroad, Wliet corporation
nos runs ~ lcss thnn nno bEauches, each ono
lAF}uh 0lAESGnk 4fG4QGH[. 91ft IL u. 0l4EK-
A!one is, however. tho bots psculdont, to vhom
all tho otAors hATa to rtpott+
NEW YORK. WEST SHORE i CHICAGO.
Last Tuesday judge WAltaco, of tllo initial
States Circuit Court at Buffalo, granted ordorH
appointing Receiver for tho New York, Weat
! Shore l. Chicago Railroad Company, aud ell
/ joining II from transferring any OF its property
co7ored BY mortgages given by it to tho Farm
4, $oft4
| tho substance OF the orders, and explaills the
| cause OF thor issusnco.
happening that Tho railroad company on Feb. .
1917 nortga&ed to tho Trust Company The entire r4
assure ths psyaeat ot sao petncina! sa iatassst q
bonaa Of si:oo Zach 10 anuoun limited to 5ous
cou.ructsa b. tha railroad company; that tho Tail:
soaa company aftesward sold about atao Of tbs b1nl
seSa1sa y sas e. m,es1tkaxes .ua tlst y e tns
as A q WI !o% e boundary ns
shore Of ths hudson iuyer md tho sout s;.5re VI l
Mon.xk Msss y ss 70 ~. shs c.3 oi nngs!o .aa yaa.b.
real estate soqulrnd from tho Now York fort Le
Railroad Company: thas thu raslrosd company mad
By the plainti that tAu Tsu.t COMPANY hss hes, 10
quessed 70 oFseoso ahs ,nostgsEss ind las refused
at oa tho houda sssucd by it, xisch Ioads autoulte
y oou ooo, sa4 tho interest no" due to &1Jtooo
i' IL as sxss III. i o e. ssaat
h,s cut large anaouat 1t protested paper, an
IL insoivsnt; that tho psoreEty OF she tai
secusiy fur Tho bopds II has issued, md that th
property OF Tho railroad company IL 70 situated tn
lteapnot hu eonrenihnty sold IN whole in portion
u ~ to provide for thA payment Of tho interest du
ID oratrsl. for The vyotesttun Of tho pianur NJ
ths other bouahodest 44at Lriugston lansing, of u
= Ctty Of Hdnao. upon u,ug loud in shs leu& aon
teeo9 wth psopss sun,tls;. 70 arpousod kseei.sE
curriers' IN nio cases; and that !n}unctloa To sus
sn{oiatng W railroad eonlsRy and Ill othss. e.ee
portion Of Tbs psoIezsJ ebsausa il Of ooveIsd p1 ii
q MostSA2ssi hui atth11x Aasslo AAall b a1asteusA