The Leavenworth weekly times., 1878-06-20
the TIE THAT BINDS.
BEING in This Case the Almighty
and Omnipotent Railroad Tie.
The Great Western CombInat'on o'
the Pacific Roads Causes
Rise in Colorado Tariffs.
The New York Press and the "oo"
Island Road in the Matter
of the Proposed Scrip
Dividend.
the TIE THAT BINDS.
WESTERN COMBINATION.

THE GREAT
The consolidation OF the Union Pacine,
,ie,s lne Pacific, and Colorado Central has
.a.,, folJowed by a slight advance IN the a .AIln
oo freight billed TO Colorado points VIA nan IN.
oh on rrg Tine rates should be the same py
sa,t r9ntas and heretofore there has been no
d,r.rence But recently the rate from Chi-
S,1o 10 Golden, Col, via the Kansas racine
has been advanced 10 - - Per nun ,e..
Enfon Pacific. This looks AS II the Gould
management intends 10 turn an the ooIvia, ,,s'r
do traffic TO tie northern route. Anothsr
significant sign OF the times Is founu IN CHI
cuiar Just sent out by
THE GENERAL FREIGHT AGENT
of the Denver and Rio Grande railway,
which alone affords the Atchison, Topeka y
santa Fe line a connection with the chiel
commercial town Of Colorado. This circular
u0tlties agents OF eastern lines 10 discontlnLe
th, quotation OF through rates ana the iSnue SUI
of bills of lading via the Denver q RIO
| Grande 10 Denver and points on the Ooto!t
| 40 Central and Denver Pacific. This Is IN,
| tended TO shut out the Atchison, Topeka anu an u
| santa Fe from Denver and points west .. an1
\ north of il. IL Is retaliation by the Dthhei
| AZ RIo Grande, (which recently suffered aeo
| feat in a contest with the former line loi nv nv
| right Of way through the grand canon oi 'te I,
| Arkansas river. Doubtless Inc peHHSt -
Rio GTAnGe
HAS BEEN ENCOURAGED
to This step by the promised backing ana
| S1nnort of the Gould management. W ms
| iher. appears TO be no foundation iot ny ,ne
| story that Gould has secured cohtIoi "a ~ -
Denver & Rio Grande, ~ Is dSGv duiSfGG Preiaiions
,giTh its management; snd II Iooks as II w ootn
Interests were allied for an offensive r,a l i'
against the Atchison, Topeka q C,snr.dn Sans brs;
| renewal of the war over tne Soioi"N ~
| ness may be looked for any uay.
THE ROCK ISLAND DIVIDEND.
| Tho nress Of New York continues its s,rle
tures upon the directors OF the Chlcaso, ~. .ri
Island & Pacific, YOr deciding 70 lssuS ,,,s on
| dividend. ba, ed on the surplus earnings T,s SA
| nand.d uron upon connecting roaus. ~
H;nTid reproduces n portion OF last year
| Rock Island report, and then adds ny why
..The only items. therefore, which on Apr
IL ls5., appear lit for representation ~ so5,i e,,
Epliance with last week = resoiutIohs a,e
| "a for the Indianola and Wlnterset nne. e.
| ond an nncertain percentage OF the sftS-t'
| exnended on the Chicago and Southweeterl
road. the Fort I.eavenworth roao, anu secui
| itics Of connecting roads ana tile Iacihc ~
lei Three-fourths of this sum was expended
on the Chicago and Southwestern, nearly
| ;, DUIs.D for construction and sl,op,VOo 10
| Interest ON bonds: the last Item DelhS Yer.
| III Ia h. Charged of in full to proft ana los
| HON much more OF the same KIND Oh eAPei
| diture WAS made during ths year ehuih
| April l. IS.s, is not yet made puOlic. but a.
| tbase onrI,ys were made with money belong
| ing TO the Rock Island stockholuers, Ihone
| which might better have been useu IN pa.
| inc of debts OF as dividends on stock. a
| last after stockholders have been LOT Mn
| wears assessed 10 build such lines ana gua
. | sntee such bonds as TO the directors sesnie
~ pleasant, the same directors contrlVe a. :
| scheme for a scrip dividend, 10 the penent .
| The stock holders of month or day. a Dett.
| il ustration could not be given q the way y
| which stock holders are haDitually cateu !.
1 nv their directors, nor Of the tameness VIII
| they submit to the exercise OF TINS Nuisa
providence over them. For eight yea9 ehs
q ing with April /, lS11, the directors q u
!. Rock Island Company, with confidence
themselves and their rights, which are 80 II
sIrucIIye and so overlooked feature
Df American railroad management, lnNestt
d for the stockholders an average OF si,oJU'O
d cash TO which they We're entitled IN DIV
e dends; and at at last, when nine years OF IN
)f sort of thing have passed, and the STOCK M
II been shaken into the hands Of few Peep
N VII situated exert pressure upon the uire
tors, a scheme of some kind for representa-
/, | y par; OF these outlays, much oil Whtcn ou
ie iay is unproductive, suddenly makes us
pcarance Whatever IL may be TO be Rot
| Island siockholder, II is prohtahle 10 no
Rock Island stock-st the right time