Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-03-16
THE RAILROADS..

A Chicago Report Of q Great Consolidation
Quickly Contradictory Canadian Pacific
Minnesota Northern--More Speculation
About the Northern Pacific, ETC., Etc.
The last new talk regarding the expected
Northern Pacific change is that Mr.. B. s.
Henning, general manager OF the Indiana,
Bloomington & Western railroad, may be Sc
lected as general manager of the Northern Pa
cifc. The suggestion arises, perhaps, from
Mr.. Henning's having some important per-
sonal interests in the Northern Pacific country.
Mr.. W. C. Van Horne, general euperin-
tendent of the Chicago, Milwaukee & st. Paul
railway, telegraphed to St. Paul requesting a
contradiction of the late published rumors re-
garding him. He asserts that he is not going
into either the Minneapolis & st. Louis, the
st. Paul & Manitoba or the Northern Pacific
service, but will remain where he is, having
had no Intention of changing.
Mr.. A. B. Rogers, late chief engineer of the
Hastings & Dakota railroad, has been engaged
for the Canadian Pacific railway, to extend its
locating surveys to the Pacific coast.
st. Patrick's day, which is tomorrow, will
be celebrated in New York by important
changes in Northern Pacific officials and poll
cies, or else rumor is all at fault.
Work is to be begun at Fergus Falls the 1st
Of next month, or as soon as the weather will
permit, In building the Minnesota Northern
railroad from Fergus Falls to Wadena. Mr..
George B. Wright, of Minneapolis, has the
contract for furnishing ties, and Mr.. Robert
Harris, of the Erie railway, is mentioned a.
one of the promoters of the project, which is
understood to be in the interest Of the North
ern Pacific. People from that region say also
that the st. Paul & Manitoba company has
made survey on about the same line and may
take the field first.
A gentleman of this city, who is in CORE
the East who are likely to be well Informed as
to the prospective changes in the Northern
Pacific company, yesterday expressed to o
GLOBE representative his confident belief that
General Manager Harris of the Erie railway
will have the most prominent and responsible
place in direction of Northern Pacific affairs
If any change of the present direction and
management is made at the meeting. Of
directors tomorrow. On the other hand, an
employe of one of the railroad companies,
acquainted with Mr.. Harris and familiar with
the interior workings of several railway cor
porations, puts no faith in the rumor that Mr..
Harris will be executive or managing officer of
the Northern Pacifc-baslng his belief partly
on the theory that the Northern Pacific
directory will not allow as large salary as
Mr.. Harris is now receiving from the Erie
company, and partly on his knowledge that
Mr.. Harris prefers to live near the sea coast,
because of a bronchial affection from which
he suffered when living in Illinois, and which
has been relieved, if not cured, since he moved
East.
There is no material change in the situation
Of the blockaded roads since Monday. The
fine weather of yesterday was, however, i'm
proved to the utmost IN the work of opening
the Sioux division of the Omaha line.
Pittsburgh, Columbus q t.Louis Railroad.
COLUMBUS, March 15.-The annual meeting
of the stockholders of the Pittsburgh, Colum
bus & st. Louis railway was held here to-day.
The annual report of the directors of 1880 was
submitted and approved, showing results from
the years business as follows: Gross earnings,
main line, 81 323 406 80; expenses, 81, 2,290,
40; net earnings, $2,032, ,6S1 So other receipts,
$16,O41 .21. Total net revenue, $2,04s,6221
-an increase over 1879 of $435, 1890. The
charges against the net revenue for interest On
funded debt and rentals were 81 ,054, ,925.9S,
srvs of pfHs Ths net i0f for leased sns nss Hssr
thereof were 81 ,622, ,051 .04, leaving profit on
all lines for the year of S745, 1865. .46-an in
crease over the previous year of $685., ,865.95.
From the net profit for 1880 were paid three
years back coupons from the second mort
gage bonds and other miscellaneous charges
belonging to previous years, amounting in
all to 1852 ,010.61, leaving to the credit of
profit and loss on Dec. 81, 1880, 500, ,050.85.
The election of directors for the ensuing year
resulted as follows: G. B. Roberts, W. Thaw,
]. N. Mccullough D. Messler, II. II. Hous-
ton, W. Morris, J. N. Dubarry, j. P. Wither-
ell, W.. II. Barnes, D. s. Gray, r. s. Herrard,
A. j. Cassatt and P. Green. Mr.. Green was
elected in place of Thos. A. Scott and Mr.. Cas-
satt in place of Mr.. 8. Kneass.
Rumored dAn,aIganaafion-POsit Denial.
CHICAGO, March 15.-Reports are circulated
foreshadowing the alnalgamation of the great
railway interests of the Chicago s. Northwest
ern, Chicago, Milwaukee & st. Paul and
Northern Pacific companies. The reports do
not as yet receive confirmation, although
there is no inherent improbabillty of such a
junction of interests, since a combination
would control the traffic of the Northwest, de-
crease operating expenses, and prevent pos
sible future sharp competition.
MILWAUKEE, March 15.-The report re-
ceived that there was a likelihood OF the ANAL