The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-04-08
HALFWAY NOTES.
Jay Gould About 10 Lose the N, H. a
T.-vandorbiit-On a. ~ Paso In
mansion Tho Gcorgin Roads
The Northern Pncinc.

mansion The Gcorgia Roads
The Northern Pacific.
Now York railway clrolca In m unusual
Torment over ofl-ropoatd rumoa That Nhn'
dorbilt will retire from the Central md Jay
Gould will take his place. This has been MS
serted ono hour and donod the next for n
week past ,,
OF The progress In building the Northern
Pacific the 81, Paul Free Press aaysi Imsk
laying will DO commenced on The extension
within two weeks. A suillcicncy Of ties hus
already been contracted for mud delivered for
completing tho rond ~ Yellowstone river.
Enough rails aro already Mt Duluth md Will
bo carried , eastward NJ once 10 complete the
tracks TO the Little Missouri. The remain
dor of tho rails to complete the rond to tho
Yellowstone hus already been contracted for
ut Inst years pricee, and will BIO delivered NJ
Duluth IN the spring and during the summer,
The edItors md publishers of western
newspapers have received n postal card, which
reads M follows; ave would be pleased to
have you make us M Offer on your editorial
passes and mileage tickets over amy Of the
Chicago and Western railroads We pay
tho highest price. PloOse state name Of rotd
IL Ia over, limit, md other parlicull rs, Also
state lowest price you will take for whit you
have. Do not sell 10 any ono else until you
give us chance TO make you m offer. Send
your reply in sealed envelope. John Rich
mond ~ o., $3.50 East Ohio street, Chicago"
Investigation resulted In finding out that no
such scapers lived or did business ut that
number, but party was found thoro who
smeled Ms loudly of railroad detectives rs n
hot box ofgrease.
Go west, young man, and grow up with
the Texas Il Pacific railroad.
The expansion of railway valuations which
has take place in the last year or two is
something remarkable. The appreciation In
tho value of shares and bonds from the hard
pan level of prices two years ago is difficult
to state exactly. In the railways listed on the
New York Exchange IL Is about $3b0,O000OO,
Taking other railway property, II Ia not un-
likely that the total expansion of previously
existing rail ways has been fully $500 100000
This, of course, would DO an immense addi-
ton to the national wealth if were not on
tiroy paper valuation. So far rs this in
crease of valucis concerned, II does not rep
resent single mile Of railway or an engine
moro than II did then, We have simply
taken the same property we had in 1873,
agreed to mark its price up 80 or 100 per
cent. aud call ourselves so much the richer.
All this would BIO tho most harmless amuse.
ment In the world If 1t were not that, ayear
or two hence, when an adverse course of
trade forces these valuations to be marked
down again, tho obligations and indebted
ness founded on the Inflated valuations will
tumble into ruin and bankruptcy
Chicago Tribune, April 8: There are in
dications that Jay Gould will receive n seri.
Gus setback in his ambitious scheme to con-
troll all the roads west of the Mississippi. A
Tribune reporter was informed yesterday by
most reliable party, who ought to be, and
evidently Ia, well.inJormed, that jay Jould is
likely to lose control of the Missouri, Kansas
Il Texas railway. In fact, it is claimed that
Mr., Gould never had real control of tho
properly. He aud somo ct his friends got
into the directory of tho. road by borrowing
the proxies of some OF the stockholders
The TribuHr reporter tumblad on the above
news by hes,ing u rumor that Mr., I. 4,
0akes is soca to be appointed general man
ager of tho Missouri, kan,as " Texas
Mr.. Cakes was formerly with the
Kansas Pacific, but left when Gould
got control of that road He is now General
Superintendent of the Kansas City, Fort
Scott Il Gulf, Kansas, Lawrence Il Southern
and the Southern Kansas Il Western rail-
roads. These roads intersect the Missouri,
Kansas Il Texas nj various points. AT II
meeting of the stockholders OF these roads
held March oath, ut Kansas City, it became
apparent that they had passed into the hands
OF Boston capitalists, most Of whom arc
largely interested in the Chicago, Burlington
4 Quincy. Among the directors elected
were n Thayer, II. ii, Hunncwell, Charles
Merriam, Francis Bartlett j, w. Denisou, j.
n. A. Griswold, Gordon Dexter and other
Boston capitalists more or less interested in
the Burlington road. Now the fact that Mr..
Cakes is to take charge of the Missouri, Kan
sas & Texas shows thut those, same gentlemen
have, or are about to obtain, control
of the Missouri, Kansas Il
Texas, and they mean TO Join tho
above named Kansas roads to the Missouri,
Kansas & Texas. The fact that the gentle.
men above referred TO stated, when APP
preached on the subject, tina. the Missouri
Kansas & Texas was about 10 slip from
Gould's grasp, although he could not say
who would get control of 1t, makes it certain
that the Boston people will have il. This
will prove serious setback TO Gould, and
place the Burlington on top, which will, by
extending its Nebraska road to Denver, AS il
intends to do this summer, get into Gouds
best territory, and with the Missouri, Kan
sas 4 Texas and the other roads named
above, cut him out of the Far Southwest al.
together. Should these Boston capitalists
also be able TO force Mr.. Nickerson from the
Atchison, Topeka and Santa Fe, as they are
trying 10 do. and work II more in harmony
with the Burlington, then Gould's backbone
may virtually be considered broken.
Nesiila IN. M News, Ma. CHI 81,
A company ofsurveyors in the service OF
the Atchison, Topeka q Santa Fe railroad
company have been in camp between Mesils
and Cruces fortwo or three days past. They
have surveyed two lines through the valley to
III Pasc, one of which runs altogether on the