New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-24
R4HWAY ISSUES.
THE FIGHr OVER RATE REDUCTIONS.

INDIANAPOLIS AND ST. LOUIS RoADs-THE AGENTS
or THE FAST FREIGHT LINES STILL CUTTING
UNDER EACH OTHER SECRETLY
| It was believed q short time ago that, after
the meeting OF the Western freight agents the rates
would kept at something Ike equitable tariff. as
Railroad Commissioners then had nothing else TO
attend TO except the passenger rates and these ap-
peared to be hrin and unchan ging short time ago.
however. the indianapolis and ST. Louis Railroad, with
out consulting its Eastern connections suddenly
reduced It's for passengers to NewYork from s27
TO So As the Vlndaa Line, which charged s27 could
afford have the OGio and Mississippi Road
side charging SCI 25 and the indianapolis and
st. Louis road on the other. selling tickets to NewYork
ut So 1t cOn,eq eny reduced its rate 10 So Tho IT,
dianapus 81. Louis road Wednesday last further
reduced its for NewYork tickets TO SIS, In waich
action It was followed by the VandIa line. which also
made the following tariff 10 the points named: Pnila-
depLia 81 so; Baltimore $l3 50; Washington 81; Gu
cnnat ana Louisville, S. On that day the CITY OF Gu
Louis was flooded with handbiils and posters
calling attention 10 the reduction OF fares by
their lines las compared with those offered by
ONO Mississippi road. which charged S. 10 Gin
Cnudt ana lls main connection, rue fillmore anu Oii"
road wnlcn charged s2l % 10 NewYOrk. The excite
ment LiKn IN 0Otn 81. Louis and Cincinnati N
which LATER city tue ticket agents were III session
telegram reccived IN this city yesterday, however
promise likely to be effected 0y the three
lines from st. Luis eastward agreeing on rate on - 10
Cincinnati; nut IS another telegram was received az
the offices OF OF the NwYOrk roads that the Iekt
Agents Convention IN Clnclanau had br0Gen up ihhir.
moniousiy, the pacific settlement OF the difficulty -
KriY true. especially as there are no
Railway Commissioners 10 whom the question can De
submitted Tor arbitration or adjustment
Tie tue wesCDound elshLs we're declared ny
tue lre ut agents thus Gty yesterday to be rm
but OF AGENTS OF Western lines have received
adylces from their superlOrs that system OF rebates
been CARRIED on " great extent IN New YORK.
OHiug viewer, the pie 1ges OF secrecy which nave
been ex lctcd the It has been impossi-
for officers or the Western roads to get tue
Of the III This CITY VINO nave cut under Tue
L. aiso stated among railroad men III ms
cit erIa thai eacn road aud the agents Attached
under names or last treignt lDes AaI OCeu
ana stu were eating under each othcr secretly. A..
No change ported yesterday III regard 10 the
dnrUlty Drtweeu tie baltimore and ONO COMPANY abu
the Lake shore road on tue other DeJ ond
TIE tact nat the n-AS II stu 'ing on
RAILWAY FUNDING AND REORGANIZATION SCHEMES
PLANS WITH REGARD TO THE NETWORK AND
oswEGO MIDLAND ROAD.
Inview of the fact that payments of the matur-
coupons mad, circular has just been Is
sued from Office Of Tie International and Great North
ern lrold Company in this city u Observation-Disclosures
ing fund four coupons OF the International first
mortgage bonds, filling due April and Oct l. 1875. and
April / aud OFT. l, 1885, also the four coupons OF the
Houston and Great Northern first mortgage bonds fall-
due July l. lo75, JAN and jay L 1876 and Jan' l.
1871 Registered certificates o; Indebtedness To be
da.ed April 1875 payable IN gold, 10 years from date
at the Farmers Loan and Trust Company, in the CITY
OF NewY0rK with interest from the average tine that
the coupon, funded become due The directors also
recommend tn fnjlng III Ike certificates having %
years rIu WIN interest from MAY /. 1876 (Jayabie
s,Dldnniy currency al the rate Of seven per cent
auuul, O the coupons OF The second mOrt2dge ana
cOuyeTuDi. Uunls which become due Aug J. 1874, ana
l. 1873. wIicA Wal Lili AuS l. 1915 FsO ana
l. 1876. + b. aud Aug l. 1874, ana FoD l. 1878 Inc
COMPANY Lave tins rSut III any tilne' upon 20
days previous no lee, ~ WilAdfa" the "Aoo VI any
part OF sdl1 certificates.
IL IL hyperion order 10 increase the earnings OF
tue road ALREADY but. that the ROAD u the Cly OF
Aus;In about 90 miles, ssll be completed. IhIs plan
cOu.clnpiases sueh compedon. lao Liabilities o. Tue
Company are: . "a
norig bonds. outtan as j-O4O0O W
Hsernaon- second sige aud Convertible boni' ooo o
Ho-. on mortgage bonds, out . 90 ~ %
Houston AID st northern ssconi mortgage aaa con.
vrtble BINDS ousI-rung z3OOOO W
Foslag dsot... 1O5oSio %
400 nile. comp equipped and 4.
1000 shares Company fThoe capital stock ~ 900
sasrs.), presenting l,1JO,UOO acres OF land
lUUUOO aces VI oIha lands pa ca I'd iof 'o"n SITES
G 700 oi Land under me recent s for road already con
25G5 sn.res u the capital Galveston Houston
RurJd Com amounting tos 2S6 800
C,unty l3lOOO
"a .nri sloin has uecn elected Presidents OF Com
pany, vice j. D Kennedy, resigned, who has gone ~
Europe.
John F. vii Jams, Henry NJ Alexander, Daniel Dodd,
Isaac H. Frotbngham aud Theodore Houston, the trus
tees appointed by the Committee Of wing OF the
Nem-Yurk aud Oswego Midland Railroad bondholders,
prepared with the concurrence OF the Committee
and the elaborate plan OF reOrglnZ ton
the road purchased by the trustees under fore
and Iey are To organize the New YORK Mldand
Runway Company to take Possession Of IT, Preferred
gold amount Of sl5O0OOO OF 25OOgOO are TO
issued to take precedence OI All other Securities.
The Erie Railway officials stated yesterday
that they had received advces Port JerviJ when
led them to believe trains would be able to
M noint Thursday tle work