New-York tribune., 1875-02-22
FINANCIAL IN rERESLS.
po,n RIVALRY UNABATED.

RAILROAD RlVALh1 UNhpn ,,
-,,v prNEFITs TO TRAVELLERS AND shifrN"'
I'm R,IrTMoRE AND OHIO CONTEST
"a, botwaen the Baltimore ana
no ns.,.r,xan,a railroads continues to 10 as
- -. oxer although the latter has ma"e "o
-, % cut. rates from this city, because % N
se,,on Of the Railroad Commissioners o". an, ,asss
,os,,compaet no one OF the three trunA n" - Yn.v,
onsnlv without violating its provisions M I 60 a.
vapa Road sells local tickets 70 =. C,,.a.o
snu 'nes ,o n,ce for the whole trip only CS a. As
49, ~ Wi Central and Erie roads enarse s11' 'no
-, ado,ted by the Pennsylvania K"sd Is V"N"a''
-, ,er.,v a violation Of the Saratoga compact aa~
- cot be 40 regarded by the other tranK hEes' nv VIC
o.. fce. A. Is said that the Company woua moo "e
ukes 20 change the reduce TO Chlcsso' rs 'no0o' '
.,la bs compelled lower the rates for Oil poh's DO
-, Neu.Yerk and that city, and Whist they wouio
Inv securing or retaining ccrtau travellers 10
he more than overbalanoed by the losses sustained
NJ the intermediate points Atthe OHcesot tue
Certral Road similar reasons we're given iOr
T. McCready Pres. dent OF the oid Dominion steam
ship COMPANY said 70 TEIsuSE "o for the
that on and after tomorrow IL VIII Oe necessaIy v 20 "a
ssamshps of the line TO direct to the Baltimore auo
Ohio Railroad Company wharf at mo esseIs are
carrying from this city for that Company an S
gave the railroad company sonT i ofSces on Broad.
way question OF the rates OF ireight was sn,sr
ssr had yet been agreed upon special contract: beng
made with shippers according the amount OF freight
1870 0e ~ the shiopers responsibility for loss arising
from the A. u. Rose, the New1otk i LII the
of the Baltimore ana onio Ralroad saio lnas ou, ous
acknowledgment for the receipt o relgnt was naue o'
ON bl OF lading across when were Prn,eo .ue
nv the baltimore and OHIO Railroad Company WusV
charged for freight ee ,he cms
toner any than would be made II the goods were
sent " all rail-"
NC FURTHER OFFENSIVE MEASURES ATTEMPTED
TTIFT j
PHILADELPHIA, Feb. 20.-At all the railroad
.es to day the report there no new features
IN the war between Presidents Scott and Garrett The
GENERAL opinion Is that will not last long, but there
are some people who think that it will be the longest
and hardest struggle witnessed between any OF the
great trunk nes and will not cease until one party or
the other thoroughly vanqulshed The letter sent py
Col Scott to President Hnckley OF the Phhadeipp'a
Wilmington and Baltimore Railroad soIne days ago. an
poupc1og that through New-York would not be
allowed 10 run from the Presidentst station IN Baa
more and that tickets issued at that station would Dot
be honored BY the PENNSYLVANIA Railroad, remains in
operative yet Baltimore passengers contlnue ~ go
from that station before. and the Baltimore and Oao
makes connection there Passengers over the Baiti-
aud Ohio Tor New.York are however oongea 70
change at Presdentst and the same IS the case
with passengers from New-York who vish 10 90 south
West by that road.
ATLANTIC AND GREAT WESTERN TROUBLES.
THE AcrIoE OF SIR JOHN swISDURNE IN PROTECT
ING ENGLISH INTERESTS - ADMINISTRATIVE
cuANGES
Sir John Swinburne, the English baronet
who has engaged IN protecting the interests OF
English stockholders which involved in the compl
cations attending tho failure Of the Atlantic and Great
Western Railroad has returned to this city His return
follows series OF legal operations IN
the West, the effect of which has been
10 revive the stories OF hostility between
James McHenry tho ruling spirit OF the Atlantic and
Great Western and the American managers OF the Com
pany Gen. Dcveresux, and g. L. NJ Barlow. From
what can be learned appears that Sr John swinourne
one the trustees OF the Rental Trust" mortgage
of the Atlantic and Great Western Railroad This mort
gage was created to- enable the Atlantic and Great
Western Railroad 70 secure certain railroad property
Included In the property thus secured the Cleve
hand and Maboning Railroad (by lease the Chenango
snd Allegheny and the Psnhsslvahis Petroleum
and the PIthoe Valley Railrssds The two last roads
being sti incomplete could not be leased aud therefore
the Atlantic and Great Western Company obtained con-
TrO by securing majority OF the stock This stock was
lodged abroad with the trustees and when dividends
were declared this stock the money thus obtained
devoted TO paying the interest on the Rental Trust
bonds
When the Atlantic and Great Western failed those
payments ceased aud Sir John swinburne sent
here ny his constituents 70 look after their interests He
went to Cleveland and began proceedings for the sp
poiDtmen OF in consequence OF the failure Of
the Atlantic aud Great Western 10 pay $S0ooo overdue
This SUIT involves the forfeiture OF the lease. 1t
thought that the complications OF the smaller roads
might be satisfactorily adjusted and the annual cleo
deferred for that purpose The negotiations
however, did not result fsvorably, ana 6r John Swim
burne with stock which he controlled trustee,
proceeded to install Boards OF Directors as follows
ghenango and Allegheny RdrOad-J. q. Rockwell OF
Philadelphia Mr.. DeTcksOn OF headville. X b. R)0se-
yelt Of New-York. Samuel C. T. Dood OF Franklin b.
Wick OF Youngstown, ID. A j. ERhert OF Franklin Gen
Hisde K per Of Msadvle; President, j. O. Rockwell;
Treasurer Mr.. Dercks0n The PeDnsylvdnIa Petroleum
the Pthoe Valley directors the as those of
the shenango and Allegheny Railroad With The exception
OF the President whOs Gen Hinde Roper; Treasurer.--
The Mercer Mining and Manufacturing Company, the
which also held to the Rental Trust
bonds, was also given the following board 4. n
Hiude Roper OF Meadve, John W. Clark Of Meadville,
}. C Rockwell OF Pniladephta Mr. Derickson OF Mead
vile, X: i. Roosevelt OF New YORK; President j. G.
Rockwell; Treasurer, AIR. Dericks0O
Those elections have involved entire changes iu the
sdmlnist ration in the several companies. Thew are
understood to be IN accordance with the wishes OF James
burpe Whether this Is not, certainly Sir John
Bwnburnes friends and advisers the attorneys OF
Mr.. McIenry IN thts counHy, ana Messrs. SnlpIDan
Barlow, LarOcque MacarsDd represent tie Atlantic
and Great Western, the Barlow -Devereux interest
In it. Coming close upon these operations Is
che announcement OF the withdrawal Of the
rolling sock from tho Cleveland and M@hOmi1g, the
6benango and Allegheny the Pennsylvania Petroleum,
abandonment OF the two lastDaDed enterprises al least
the present. The UGited States Rolling Stock Com
pany which has furnished most of the locomotives and
ears the AlanCc and Great Western IlrOa0, has
STOCK the smaller roads mentioned above was fur
nished the Rolling stock Company, and the result
that the withdFawai cOmpels their practical abandon
nent as they have little or 10 stock OF their own.
INSURANCE RATES REDUCED.
aEPoRr OF THE SPECIAL COMMITTEE OF THE n. Y.
BOARD OF UNDERWRITERS.