Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-12-25
MISCELLANEOUS NEWS.
GREAT RAILWAY Pool

A Chicago dispatch Of December
l9th says: The representatives
OF 30 Or 40 railroads centering
here, and their connections, held an
important meeting, to-day. The exec
utlve committees Of the eastern and
western roads were made one joint COM
mlttee representing both classes of
roads. This committee will be en-
trusted with the duty of carrying out
the pooling arrangement on east
bound business, and securing the main
tCnance of rates. If any member of
the committee be absent from meet
ing he must send a substitute fully en-
powered to act for him, and Commits
sloner Funk who is made per-
manent chairman Of the joint COM
| mittee IS empowered to represent
the members, in case of a failure on
their part. to send such substitutes.
Word was received this evening from
the Pennsylvania road, which has here
toiore stood out, that it would agree to
submit the question of division OF
traffic to arbitration, and tonight, at a
general meeting, it vas decided to pool
all business from Chicago, and to restore
rates at once and to make no more con-
tracts.
GREAT BANK FAILURE AT CINCINNATI.
A Cincinnati telegram of December
18th says that great excitement
was created in financial circles, late this
evening. by the report that the bank
ing house of c.. f. AIDE e Co. bad su5-
pended. The firm has sustained Il
heavy drain on deposits for the past
year, and AS there was apparently no
prospect of a change in affairs, an as
slgnment was made late this afternoon.
The liabilities are stated at $7S0000, of
which amount S6SOO0O is in time GER
tlticates, and the remainder due on call.
The assets are stated nOminaly at
100000. All demands were paid over
the counter up to quarter past three
this afternoon, and the firm had about
$4,000 to their credit at the clearing
house at the close of business to-day.
GOLD AT PAR.
A New York dispatch of Deem
Der 18th says: One OF the
events Of the day in financial circles
was the sale of gold at S10O. The first
sale at par caused considerable enthu
siasm in the gold room, and the brok-
ers waving their hats and cheering.
The opening price was Sl.005 closed at
Sl.00 for sales and bids. Governments
quiet.
THE BENNER BALE OF COTTON.
The Benner bale of cotton from
Memphis was sold at the New Orleans
cotton exchange on Dec. 17th, and was
bid in by Col w. NJ. Owen, of the
Washington artillery, for $3.50, which
amount goes to the family of the late
Lieut., Benner, U. S. A. The bale will
be forwarded to Galveston.
THE MINNESOTA RAILWAY WAR.
A St Paul dispatch of Deem
Der 10Th says; The trouble be-
tween the Chicago, Milwaukee x st.
Paul and St. Paul Il Sioux City railway
companies eliminated IL an agree
ment between the two companies by
which they retain joint ownership of
the tracks anu gain mutual right of
way for short line to Minneapolis. A
meeting of representatives Of nine rail
roads centering in St. Paul was held to-
day, at which union depot and trans
fer company was formed, with capital
of half million, with authority TO
handle and transfer all freight, build
side tracks to all industrial establish
ments and to form connection with
any roads that may be built hereafter.
The new company will build union
depot 100 by 500 feet.