New-York tribune., 1878-11-25
A WABASH LINE TO ST. LOUIS.

OPINIONS on THE PROPOSED SCHEMES.
WHAT WILL BE TIE RESULT OF THE iNph'
PENDENT LINE TO ST. LoUIs-ACTIoN OF SEW
ERAL WESTERN ROADS.
The recent action of the Wabash haliroao
comnanv in deciding to build and consolidate INES OF
,ood so as 20 oseeure direct route from Chcago " "
Louis was only partially given out al the ti' anu ~.
exact condition Of the agreements was uhhno"n Inv
sales within a few days by some OF the prlncpa unoo
tors OF the bulk Of their Wabash STOCK creaeu nu.
comment on wall-st. last week. giving rise 70
,h ,,or ~ dsapproysl of the action Tho directors
NJ she Illinois Central Railroad have held several ses
sous in this city recently protect their rights as
was claimed that the action Of the Wabash directors was
untrmely and il-Gdvised ~ -,
gentleman largely interested IN the SUBJECT s""
10 TRIBUNE reporter "Au arrangement ndS Det"
entered into by the Old management ol '"o
wabash Company by which it was agreed TO purcndse
The Padueah Road. The Wabash Road agreed to Issue
SO 600 in bonds $22O0OO0 to be exchanged or Tue
presenr bonded debt OF the Paducah Road amounting "
So 500 600 and the remaining 81 26OOOo 10 Dc useo w
the proposed Wabash Construction company io'
building an extension OF the Paducah hoau'
about seventy-hve miles in a straight line Hoin
s,ra,r % Chicago. II was supposed that c. n Gar
yson the present president OF the Wabash Road woul
take 81 900 900 of the bonds to aid III the
top and equipment OF the new line, but II now APPEAR
that he had made such pledge ana ne Is uDoecueu
what course pursue. ThePaducah Road was
five years ago. In sections local aid could be secured IL
runs from Eppingham. the Vandaia lne 10 A'eou''
an the same road and thence northwest TO Streeter
coal pont on the Chicago Burlington and Quincy Road
IL has earned for the past four years between 9-ooVo
and $4,000 and its bonds have been In delauiV ''
MANY wears. The Illinois Central and "aDash Noln'
nautes have a working arrangement which has SIX
months TO run by which the Illinois Cctra receives w
per cent and the Wabash 40 per cent oi tDe o LOUIS
business The Illinois Central runs special FAST taih
IN accommodate the Wabash passengers, the aVeIage
rate of speed being thrtyhye mics an Ryu ny & ~ ~
0n the directors of the Illinois CeDri hau VI
any dissatisfaction with the present. p''os Of t6e
the published statement ot tne action aSt,"m a,Ut Of line
%aO9sh st oI%RsnS f0ns. meeting Of TIE direct9rs
,pos called and prompt action taken to meet the
emergency IL was decided, II necessary, 10 i pulu
sborter and more direct inc to ST. LOUIS. nc ]
CeDtTal has already geo miles OF well ballastd,
steel.rau road aud q route ten miles shorter tnih
the proposed Wabash route c3nlo De- Duid' M cou,S
taupped for less haE 81 100000 To DO TINS We Gou,d %
easily borrow money AT per cent interest 1t s U
reasonable to suppose that the limos Sen'T!i ~ 81
Ionis by me Wabash Company and be LETT WIN VIII 20 ~
miles OF well-equipped road on ts naHu5 M I not
Louis outlet ard We are forced 10 'hls VIC sn"i nO
hesitate to act at once ,poo, ~. ,,,o r,co,.
The directors OF the Illinois Central ROAD az ~ ts
ngs last week, ordered surveys to be maHe oi S' s
ur5posed routes ST. Louis so IS TO sIorIeh tnS M d
lance The main line runs from Chtago 10 Dec"IuI' "o m
II HSas nropOsed 70 bU.d AIRLINE from tins point 70
si Louis which would make il en'lter oy
Hnother survey viii be the srneheld Division by
diyerg1ng to ST. LOUIS some p'Ii Sor Of these Ines
IN IL estimated, can 10 completed by building
from sixty To scvcIty-1ve miles OF ny"
road Another suggestion was 10 renew Ihc
Illinois connection with the NapdalG Road Dt ihs was
moi fayorably received, II would not meet lHe uM
cntv ~ an ndepppd mt line to St LOWs by the NaDasn
Road and would force the illinois central Oa Plo-lahs
Tbe conference committee Of the Illinois Central Road
met President Garrison, of the Wabash Company, on
Eridav the Inter stated that he bGd been mlOlmed
that the Illinois Central would make no definite
arrangements with the Wabash, rendering IL heces-
ssrv for tho construction OF an lnuc-
peudent line Vicc-PTesidCnt Ackerman, or tne ihl,
nos Central informed hIm that no communication h.'u
rassed between the two companies aud that he was le
norant of any dissatisfaction with the present Worhg
plan Mr. Garrison said that lie Wohld look Ihto tne
ference adjourned. . J.. ,.os,sor,
The ofcersoi the Illinois Central sent 10 iTfsiueht
route TO Chicago together with note stating thaJ tne
Illinois Central Is not bound by any contract rs re-
sorted with the Chicago aud Alton Road, and that II Is
In every respect independent Ine