The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-06-10
,yITED STATES RAILWAYS.
rain, Numberj kr MLN Constructed
mis- Year -PfOgress~bf Old and
New Roads Facts, statistics,
Future Roads and Other
Points about our Rail-
road Builders.

MI hurg Shreveport " faclnc. Inc distance l!
mont 90 miles, through fine cotton coun
Il NV Some subscriptions have already beer
secured. )
II Alabama Great Southern.-Work ha.
beep begun on the grading of a new line fol
~ ,bs road from Chattanooga, Tennessee, Ia
Il Wsubatehie, wher, it now uses the Nash.
II villa, Chattanooga & ST. Louis track. The
q 6i,tance is five miles, and the estimated cost
F $4,000, some heavy work being required
including tunnel through spur of Look.
out Mountain The work will, it is expected
take four or five months.
New England Conductors Benefit Associa-
tion.--At the annual meeting of this associa.
lion in Boston, May 26, President Paine pre-.
sided. The reports showed that there are now
30 members, representing nearly a the road:
in New England. There is balance Of S13G
20in the treasury. The association has been
remarkable for its good fortune, no deaths
having occurred which required an assess.
ment for Is months past.
This weeks number of the Railroad Ga.
zette contains information Of the laying OF
track on new railroads as follows: Jerome
Park.-Completed from the junction with
the New York j. Harlem road to Jerome
Park, N, Y, mile. Northern Pacifc.-The
Missouri Division is extended westward to
Knife river, Oak, 16 miles. This is a total
of II miles of new railroad, making 1919
miles thus far this year, against 6l9 miles re-
ported at the same time in 1879, 407 miles in
1873, and 46l miles in 1877.
The lady who owns more railroad securi-
ties than any other woman in America is said
10 be Mrs. e. II. Greene, of New York, wife
of the Vice. President of the Louisville &
Nashville company, daughter and heiress of
an old and wealthy New Bedford family,
whose fortune had been made in the whaling
business when New Bedford was a rich and
prosperous port; she married a wealthy man,
and has been able to apply most of the in
come from her large property to new invest
ments, increasing the principal yearly. She
is said to live very quietly and simply.
A grain elevator at Savannah is to be built,
and this seems to be the first serious step
toward establishing the much.talked-of grain
export trade from Southern ports. The first
step was taken last week by the purchase
from the city of Savannah by the Ocean
Steamship company, of Savannah, (repre-
sented by Colonel Wadley, President of the
Central railroad, of Georgia of a piece of
river front under engagement 10 erect thereon
grain elevator with capacity of 100000
bushels. The building is TO be completed
about the LIST of September. 1t will not be
necessary TO 20 to the Northwest to get grain
for it; when the wheat crop is as good as it
was last year, very considerable amount has
been sbipped from Nashville via Louisville
to New York, which is noarly three times as
far as from Nashville to Savannah.
Philadelphia & Reading. Almost the first
act of the receivers was an application to the
court for authority TO borrow Sl,OO000O to
pay wages of employees and interest, falling
due July |. The application was accompa-.
MED by brief statement and the promise OF
full statement of the condition OF both
companies as soon MS it could be completed.
The court made an order granting the re-
ceivers authority to make the loan. The
receivers are cutting down expenses by
the working force in the repair
shops and putting the shops on
short time. This is to continue as long
as the partial stoppage of coal prodne-
ton lasts. l. ndon dispatches say that
is to be formed there for the pur-
pose of protecting the interests OF the Eng
iish holders of stocks and bonds. The
has been offered to Lord
Cairns, formerly Lord Chancellor, and a large
holder of the securities, and it is understood
that he will ACCEPT
Our readers will remember that the rail-
road law passed by the Georgia Legislature
last winter requires the three commissioners
under il to make a schedule OF
maximum rates" for each rail-
-osd in the State, which may not be exceed
ed under severe penalty. Such a schedule
having been made for the Savannah, Florlda
& Western railway Gate Atlantic " Gulf,
its managers declared that with such rates
their road would not be able to earn the H.
terest due its bondholders. They immedl-
stsly took steps to diminish all expenses and
cease expenditures for construction. In the
course of which tie pa" OF employees was re-
iuced. Hereupon some of the bondholders
asked for an Injunction to prevent the officers
of the road from working at rates which
would be insufficient to arm their interest,
and temporary injunction was granted, and
a trial Of the validity of the law will be had
On the petition to make this injunction per-
East Tennessee, Virginia Il Georga-Ihe
(Tenn.) Times of May 18th
says: Surveys will at once 30 made for the
extension of the Memphis Il Charleston 70 {,
from Stevenson, Ala, to this city, via the
Cincinnati Southern bridge, SIX miles above
this point, thus placing the Memphis road in
an independent petition, it being at present
in the power of the Louisville d Nashville
using forty miles of their track
from Stevenson to Chattanooga. This rosd
will be about thirty-eight miles in length,
and will place Memphis five miles nearer
Atlanta than via the Nashville u Chatta-
nooga. 1t will run through very fertile
country the grades are comparatively easy,
no bridges are to be built, and with the ex-
ceptiop of one or two tunnels, the entire
road can be built without any difficult
engineering. A road will also at ono be
rom Red Clay, Ga, on the Dalton
arm of the East Tennessee, Virginia "
Georgia railroad to Ooltewsh on the Chatta-
nooga arm. This ROAD will give Chattanooga
a second connection with Dalton, only one
mile longer than the Western Il Atlantic
Foreclosure salos.-The Carolina Central
road was sold in Wilmington, North Caro-
Inns, May 81. under decree of foreclosure,
aud bought for 81, 100000 by 7. O. French,
A. V.Graves, d. r. Murchison, James ).
Whedbee and A. V, Stout, committee rep
resenting the frst.mortgage bondholderss.
The road extends from Wilmington through
Charlotte to Shelby, 242 miles; its bonded
debt consists of S3,000,000 first and S3'OOO,'