The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-11

long ns the per cent. bonds can be bought on
better terms than the = discount allowed on the
certificates. II the Secretary relies on mems
from this source to pay on tho slO0OO,W" OF
lO-4Os called yesterday he Is likely 10 be disap-
pointed.
The Gas Commission met to-day and awarded
contracts for lighting the public lamps for ono
To the New York Gas Company for lighting
public lamps south Of Grand street. al sl2 each;
10 tho Manhattan Gas Company Tor all tuo
lamps between Grand and Thirty fourth streets
at $40 each 10 the Metropolitan Gas Comp ny.
for tho lamps now lighted by said company '"-
az slS.4S each To- the New York Mutual me
pany. Tor tho LAMPS now lighted by said con-
streets ut $40 each; ~ the Harlem Gas Com
guny. for all the lamps in tlat part OF tho
Twenty fourth Ward formerly constituting the
town Of kin-shridgr. ut $50 each. The total
result is a saving OF 5000 n the cost Of LIGHT
prIc ,sJ paidt5t6" Now Yor, Nn1t"tEe lfanheitnn
Companies-sl2 per mp-hardly cover the cost
OF the gas at tAe works.
In order to comprchend tho cxten. Of the
quarrel between the Chicago and Alton Rail
road Company and its competitors for the
traffic from KANSAS city, 1t must be borne ~
mind that there are four routes from Chicago
To kansns Clty-on" 10y the Chicago and Atom
road. 4s1 miles zone nv TIA" Chicago. Burlington
and Quincy and the Hannibal and ST. Jos .ph
roads, $50 miles; one hy the Chicago and Rock
Island and It's connections $50 miles; and
fourth Nv the Wabash. tho Illinois Central and
the -. Louis. Kansas City and Nurthcrn j5S
miles. Between ST. Louis aud Kansas city
there are again three competing linos-tho ST.
:
tue Missouri Pacific 2s3 miles and the Chicago
and Atoms new route hy WAY OF ROOdhouse.
392 miles. As KpnsHs City lies on the rond To
Atrhison, tho business OF that point also is in
Nolvvd in the dispute.
We referred yesterday to tho pending suit 81
| the mortgage hondholiers Of the Columbus
| Chicago and Indiana Central Railway Company
| against tho Pennsy yanla Railroad Company,
| for tho rent Of til. Columbus. Chicago aud In
! diana Central road. We have since been ia
/ yorrd with printed copies al the arguments
| madc, NJ the hearing of the case. on behalf uf
! tho leuuSy lV,lula Railroad Company. 10y the
! Hon. ThomHs \. H. ndr!rRS. tho lpu. Stanley
! Matthews. aud tho Hon. IOln = OFT. They are
| mainly of technically legal churacier and pre-
| sent amy tAius hut - mrltprlou- defence on tao
part Ol th' lchusyiyNnta Railroad Company.
! A. one reason Why the lease on which the suit
] H. brought should be disrcgdrlri. IL Is alleged
| and Indiana Central had no authority To mako
/ IL from the Log stature OF Indiana. Another
| reason offered is tina, the stock hollN ~ OF tho
| Columbus, Chicago and Indiana Central did
| other that n few miles Of the leased rout
| arc liable to sale under foreclosure; another
| that certain second mortgage bonds have not
| been converted INTO income bonds as WIS cnu-
| NO prrteu'e anywhere SIT up that the Penusyi-
| wanna Railroad dld not Ert ami dO not now hold
| all tho property tho lease lutportrd 10 give
! them. ana that they are not rPuping All the BEN
| tor That they do not nlahn rs uluch money as
| they expected Is no fault of the C., G. and |. g.
| Company, nor Of their creditors. and II this
] lease can ho broken ON tho grounds suggested
! atteWpttp make amy similar instrument hoid
/ lcssecs WuOn the operation Of II proves UNI
| profitable. We can hardly believe that the court
| Will sustain what ia SO evidently AmOral NrOng
| PENNSYLVANIA Railroad officials before de-
clslOn IN the case IS pronounced