, 1879-08-17
RAILROADS.
The Omaha Fight---Reorganizlng the
Missouri, Kansas & Texas.
The Chicago, milwaukee, s ST. Paul.
Some Errors Corrected.
THE OMAHA FIGHT.

THE OMAHA FIGHT.
There is little change in the situation as re-
CARDS the fight Oh livestock business between
the Union Pacific and the Burlington &, Missouri
River Railroads. The reduction in livestock
rates By the latter. road to nothing from
Kearncy to Plattsmouth has been followed
BY the Union Pacific making its uve-stock
rates from Kearney::to Chicago s50,-whtch is the
same as 1t shipped by the Burlington 4; Mis-
souri, Rtyer.-as the rate from Pfattsmouth to
Chicago is $50, and the same from Omaha to
Chicago. The Union Pacific is said to be great
ly euraged about the action of the Chicago,
Rock Island e. Pacific and Chicago & North
western in continuing to pool with tue Chicago,
Burlington s. Quincy, but it is not probable that
these roads will take anv action 10 regard to the
continuance of the Iowa pool unit! Mr- Hnghltt's
return from New York, which will not be until
the middle OF next week. The Union Pacific is
making every possible effort to coercc the Bur-
liugton & Missouri River Road in Nebraska by
discriminating against the Chicago, Burlington
& Quincy. As it cannot strike the latter aa
hard as It would like to as long as the Iowa
pool continues, it is now discriminating against
all three pool fines as much as possible, ana Is
said to divert much Of the east-bound Paciac
business via the Kansas Pacific, vt. Louis
Kansas City d Northern and Wabash Roads.
But, as far as the cattle business from Plum
Creek, North. Platte, aud kearney IS concerned,
about which the present light Is Waged. It IS
pow rlesB to discriminate or divert the business,
having no other outlet than via the Iowa pool
lines. But lit is quietly moving to get another
outlet for this business also. 1t is now making
preparations for the immediate construction OF a
new road from or near Manhattan to MarVsVil]e.
where 1t connects with the St. Joe D. Denver.
Railroad. This is to . the link in an inde-
pendent Iins from kearney to Kansas City,
where connection is made With the st. Louis,
Kausas CITY d Northern.
THE MISSOURI, KANSAS s. TEXAS.
A plan for the reorganization OF the Missouri,
Kansas & Texas Railroad Company has been
made recently, aid urgent efforts are now being
put forward to secure the assent OF the bond
holders to the proposed scheme. A pur-'
chasing committee, consisting Of Robert C..
Martin, james J. Higginson, and Moses
Williams, Jr., has been appointed, subject to
the approval of the bondholders. The new cor
poration contemplated in the plan Of rcorgani-
zation is to be known as the Kansas. Missouri q
Texas Railway Company. The Purchasing Com
mittce has been authorized to proceed with the
suit for the foreclosure Of the consolidated
mortgage, and, under decree OF sale, to buy
the property for the new Company. The prin-
cipal feature OF the plan is the reduction Of the
interest charges on the bonded Indebtedness. It
is claimed by the promoters Of this plan that
the road will be able to meet these
reduced charges if the plan should be
adopted. The interest on the consolidated
bonds is reduced under this plan from to 5 per
cent, and for the first year to per cent The
past-due coupons, amounting to TX Der cent,
and the per cent difference lu the interest Tor
the first years, are to he funded into per cent
The second-mortgage bonds, with the unpaid
coupons. are to be exchanged for the income
bonds of the new Company, bearing 5 per cent
interest. Stock Of the new corporation will be