Morning journal and courier., 1880-11-27

is true that conferences between the officers | of these two corporations have been held l looking to a consolidation of their interests, | and although no definite understanding has
 been yet arrived at it is quite likely that
 terms acceptable to both companies will be
 agreed upon" MT. Dillon said he was not
 prepared to say the plan of consolidation sub
 mitted by MT. French, government auditor 1 of railroads, at the request of some of the l largest stockholders of the two companies
 would be acceptable. It was possible, how | ever, that they might go into effect with
 some notifications. These plans and other details connected with the negotiations would be duly considered and whatever con- clusions were decided upon he was satisfied they would be highly advantageous to both companies. The plan of MT. French is to
 fix the capital of the consolidated company at $125, ,OOO, 900, giving one-hah to the Union Pacific and one half to the Central Pacific. He recommends that the Central Pacific can- eel it's lease of the Southern Pacific railway which is represented by capital of $36,- 763, 300 and debt of BPS, SIP ,00O, and the capital stock after being reduced to $1, 1,00O,- 900 be turned over to the new company as part of it's assets. He believes that the new capital dividends of per cent. per mum could be made out of earnings great CT than those of the current year. Accord ing to Mir. French's report the funded debt of the new company, including that on the sub sidy account to the government, which with a stock of $125, ,O00, ,OO0 would make the total of capital invested $423, 40, 255.
 A Courts Compensation for TOvage.
 NEW YORK; Nov. 26.-In the suit of John Elliott and others against the steamer Leip- sic to enforce an agreement at sea Judge Choate, in the United States Court this morn ing, handed down an opinion. Suit was brought by the owners of the British steamer Gresham to enforce an agree ment against the German steamer Leipsic entered into by the matters of the two steam CTS. While at sea on the 18th of September, 1879, an agreement was made between Captain E. P. Feifer of the steamer Leipsic and Captain Gibb of the steamer Gresham ito tow the Leipsic to Sandy Hook for the sum of e3, 900 ($15, 5,O0O), but to leave it to the court to prove said agreement" Judge Choate says he thinks it entirely clear that the agreement was made subject to the ap proval of the court He says it is also clear that the amount suggested by the agreement is very greatly in excess of the amount which the court would award for the same service He thought that the sum of $3,75O was fair compensation. Though the libellants are the owners of the Gresham, the master and crew not being named, the court says that in | all such cases the master and crew are enti- tied to 8 share in the compensation. The l will be charged with the costs. Overdue Steamsh fps-EIpecte Arrival of i
 Communists.
 NEW YORK, Nov. 26.-The steamships l Silesia of the Hamburg line and Algeria of l the Cunard line are both overdue, the latter l etc among them editors, reporters and printers l are expected to arrive on the Silesia. They | were the staff of the only remaining organ of | the socialists for Germany, the HGnn6l1y A1- t07ad7' V0LEsbEdtt which was recently SUD- pressed by Prince Bismarck. The editors, re- porters and compositors all received 24 hours to leave the country. Among others expect ed to arrive on the Silesia are M. Aver, an ex-member of the Reichstag and one of the chief writers on the organ of the social | sts, and MT. Dubz the publisher. The arrival of these people is looked forward to with interest by the socialistic element.
 Fall of scnfroldfng-severalw workmen
 Injured.
 NEW YORK, Nov. 26.-This afternoon shortly after o'clock massive wooden scaf- folding at One Hundred and Fifty-eighth street and Harlem river, which was used in constructing a railroad bridge across the Har- em river for the elevated railroad, suddenly gave way, precipitating several workmen to he ground. Louis Gager was almost in- 'tantly killed, and Frederick Gager, Patrick Javanagh, Henry O'Connor and Henry A. Case were seriously injured. They were all conveyed to the hospital, where their injuries were properly attended to. Several other workmen received slight injuries, but were able to leave for their homes. The accident occurred while a heavy iron girder was being 'wung over the scafold It is supposed the structure was not strong enough to carry the weight. An investigation will ,be com nenced tomorrow.