The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-08

stoSa s5 ss5S 2ss nc a
The agitators at Detroit over Mr.. vanderbllts
proposed tunnel below the city continues with
out abatement large meeting was. held on
S' -SsiT Us Ss HRSSs s y il pe! VSS NV ~
OF Detroit should loan Its credit for tho purpose
Of aiding in tho construction Of a bridge. or
tunnel or both. across the river at that point,
and TINT the c9operaton OF Tue Mayor ana
lation To- carry out tho proIccti also, that the
required permission be obtane from Congress
SAYING recently, Il believe the people q, this
city would consent to the issuing OF bonds to
tho amount Of 81 900 600 for the construction Of
| a tunnel. and think u the city should issue
bonds to that amount the balance neeeSisary 10
| road companies"
Litigation hns been commenced in the United
Sta,fs circuit UoRTt t he
| Pennsylvania Railroad Company over the right
to use a portion Of the Junction Railroad, mile
| PENNSYLVANIA Railroad Company claims excu-
sivo ownership. A bill IN equity has been He'd
| representing that the Baltimore and Ohio Rail
| road Company have proposed TO send their cars
| containing freight merchandise. and passen-
Of transmissiSn 10 the city Of New York. and to
| bring thcm back again for transmssinn 10
! points west Of Baltimore that the North Penn
| Jersey Central propose to transact similar
| business over the Junction Railroad that the
|
| and the Philadelphia. Wilmington and Balti-
| more Railroad Company are ready and willing
| to receive and haul the cars of these companies
| respectively, over their roads 20 and from the
| junction Railroad. but tho Pennsylvania Rail
road Company deny the right OF the junction
! Railroad Company to receive and maui these
cars over the portion Of the junction Railroad
which they allege, runs through their yard. &c.
The relief prayed for is an Injunction.
The Aichison. Topeka and Santa r. Railroad
| Company notifies its stockholders that II has
agreed 70 lease. three projected branch lines Of
Eureka. 65 miles TO b. built this year; one
from Wichita TO Arkansas CITY. q miles 70
9p tes yeSTd "Rh 9GS r9m So i
on the main line IN Rice County 4G'i miles "a
he built this year. These branches will cost
about $4,000 per mile. and will be mortgaged
for IS 400 per mile the 4. T and s. +. Co. guar
anteering the principal and interest Of the
mortgages. and taxing "a lease of the roads Mt a
rental u IS 10 IS 3 cent. OF the gross earnings
II offers its stockholders. for every 81 900 in
cash. 81 900 in these mortgage bonds and q
bonus Of one share Of its own stock. each
holder oi 20 shares being entitled 70 subscribe
81 600. The rights TO subscribe are selling ii
Boston at about cent premium.
A contract has been awarded to Dnniorth
Co. Of Minneapolis by the Chicago, milwaukee,
and -. Paul Railroad Company. for tho con
-ttucton OF an extension OF the Central lowe
| line from the present terminus M Patterson I,
! the James River. distance Of nineiY-iive miles
the work 20 be completed before another white
sets in From the james River the line will b.
completed 10 Brule city in 1850 and thence on
ward 10 Deadwood in tie year following.
The people of several counties Of Southern
Kansas. % WHOM WAS referred the question o
voting subsidy bonds in behalf 81 the -. Loui
, and san Francisco Hallway Company 10 aid IL
constructing Il line of road from O-wegO &
Wichita have voted down the proposition.
Advces from Georgia say that the southern
railroad pool IS broken up, and that ireieilu
from fl2j have gone down 10 40 cents with
| prospect of going TO 20 cents.
According 70 the New Orleans PcdWne. N,
r silver dollar has not made tue progress In tn
% South that wes anticipated The press and tn
, | country merchants particularly the luttcr. hav
cut on ~ circulation almost entirely. Counir
storekcepers as a rule refuse 30 accept it from
the negroes az oyer ninety cents So that Il is dis
p credited on all sides.
J dency Of the Wabash Railroad Company. whic
| was rendered % him on saturday upon the ~
] coptancc OF the resignation n Cummotore {.
Garrison. The directors gave, Mr.. Field unit
1 Thursdayto consider the oflcr hoping he woul'
! accept. On that day the directory will NEE
I again and have another election.
= The directors Of tho Panama Railroad Com
pany submitted to the stockholders yesterda
, their annual report, The gross earnings II
1878 amounted 70 t2ll4s59.34, and the Gros
= added subsidy paid Colombian Goyernmen
, | $3.50 000 and interest on bonds $3.50 $50 02
a making atotal Of 81 1855 233 %, leaving net bal
ance of profit amo unting TO 81 O19 626.O6 nCains
y slo7l 6s3Sl net profit in 1877 being nm in
crease OF S79i2.G9 in favor Of the past yeal
y The actual result is much better for there
>. included in the gross expenses t792s266 70
4 100 new freight cars and 600 tons of steel rail
i and the cost OF laying the same. The tollown M
- named direciors were unanimonsly elected +
>. W. Park. Charles q. Francklyn, Joseph OsdeI
n Samuel {. THOMPSON. II u. Baxter, George
" Hoyt,. !. q. McCnllough, Charles ID; Levcrcl
: John VI. Burke. Thomas Maddox, ChristophC
N Meyer. George Carr.
The dividends Of Incorporated companies
8 mines IN pArtl"ulHr-lu san Francisco show
: onslcrahle falling on for February rs con
= pared with the same month year ago. I'll
q BNittu reports thcm Us follows;