, 1881-01-25
THE RAILROADS.
An interesting Interview with the
President Of the Wabash.
whot 1lo Thinks Of tho Continental
schon,c md tho. Reagan Dill. =
4 Railroad Crossing ut Cumberland, Nd,
tho Subject Of Much Prospective.
Litigation. q"
sntOE,a SAYINGS.


wohash Railway. Company, tho object Of
nsIosc visit hero wasfuliy sot forth lii mn In.
,arcs,Ine Interview with tho Gentlenhn In
'.os,cr,Iay's TnuuSE, left tho city last eyen-
;as nt o'clock BY the Michigan Central Rail-
rnod During tic afternoon a TNituNE rep
r..scn,a,iyc had another Interview with Mr..
1Jumphreys regarding various. s!biccts, not
t1lsroyerGt thu day before, al,sl principally re-
rnrtling tho reported formation OF Il now coln'
hnny IL hnill 4 road to be Known MS the Con-
ttlneintal lnc, from NGw York IL on!al!a. 'ylti.
If, ilianiplroys sai.l in regard TO tlle PRO-
isct lint he did nai believe y Was seriously
lin mountains Of SeW Jersey n1id rennsyl.
yaujN w0nltl require M lnIl,enso 0ntlAy
atu world make tic road SO Uxpnllslye l!Nt
s G s a0t aof fsSy aSyne G1nGe es w betwee 1s n (o
new nesS11"t 1Coi'tnental Liae could lie csastr,ctet
r m,s! Less tn nroug Ill., Ssw shf crssy s. tSa 1na
Sow t,;'is Fork Central amounted to, and which
il ablo 10 pay large tllyidends IN spite. Of Its
watered stuck. But It ll,lst he considered
That When tho New York Central WINS built
railroad eonf1ruSfo Mas Hs e,saper e. si,
IN flol,g tile line nf tilo, New York Central
Since It's construction, making the property
of tlsat roatt y those Y places woft Mi'iios
Yors Cscsntrai's terminal facilities at New
lrorE were now of immense value, and cou!d
not be secured for maiy millions. It cn,.ld
easily be seen from the above TINT tlle New
amount of Its Indebtedness, md would
might lavo been tho case when the stock Of
that ro;u was wi.teret; 1t Was therefore not
rent dividend and more per amnrM. a new
line. rs tho one proposed, could not get near
New York except at ai, immense outlay. 1t
hss already cost the Delaware, 1.ackawanna
hoId Of, tiie Now Jersey sitle Of ito hudson.
opposit New York. All the land ut TINT
point for miles WIS owned by the railroads,
and they would not allow n newcomer any
from % tho costIness ,of tlle lii!o through New
Jersey and pennsylvnna, tic road thence
westward to Omaha. leaving, Chicago about
sixty miles to tho sonitl, would tlhd. very lit
tie territory that WIS mt already gr!fltr1ned
Extension Of tho Wabash iB completed there
would be four parallel routes from Chicago
TO OMAHA, With prospects OF q tiftl, one, us
that point. There werc certainly more roads
than necessary to do tho business between
Chicago alld that point, especially sincestfae
Union PaclicNo longer brings nll Its buSll1ess
K Ss ose pssts but ce fff mf s Kaas S Il y asyc e
Kansas City. That tho terrltory through
Iowa Is already. sufficiently covered with
railroads to fill l!l wants for years TO como ts
best shown by t!,9 fact that tho Wabash anl
tension from 1lu,rlston; to the Missouri
River, were compelled to join llanus md
build Hue jolNtly, NJ there W1s not territory
enough, for two sucll lines. The grain block.
ate of n few weeks ago was exceptional mud
did not prove that more lines. from tic Nils
sonri River to tile Senboarl were needed.
Tho blockade was caused. by the Sudden
heayy movement Of grain .vta THO lakes. just
moro profitable for the Now York trunk lines
touso tho cars between tho eastern lake
ports mid scaboard points INSTEAD Of rctmrst-
ing them 70 their western conneetlnns:1 Tlicn
could not be unlonded fast enough, because
the steamers wero delayed for weeks by Sc
yvetc storms on tho Atlantic Ocean. Since
then matters have bccn rcmediet!;.
there IS now sufllclency of cars, and bust
It Is not likely TINT tho crops will 30 rs pre-
!iflc as they were. during tho last two years,
and II there Should be q failure, or oven n
partial ono tue coming fail, y would bo
tolling.st0ck tltnn needed to do the business.
lle believed sincerely tint tliero Is linthinE
Whatever III tEis Continental Line scheme,
o o sassIosR ha Rofn tn up a1 snRy arp dnl
easy md inturestlow, and there wero many
WIG wero always ready to Invest In new
railroad schemes, no matter low foolish or
lmpractcnble. 1
In connection with tho above stntement by
At Solon Humphreys, the following from
the New York I'ribttnc regarding the pro-
posed new trunk il,'e will provo Ut interest:
The Continental liallroati Company was organ..
building a railroad from ills city through Now
5Iessoy Iey pennsYlvania. Ohio. md os FUR west as
tho enterprise was aba.lloaea M ia @ eoscatleace Of
hss. tno nan!e Of ls73 Within yohr etrorts havo
ts Seen 81 mn1e ,s to rcyiye tho Company a'd meet
5uly 2, 1880. Tho Tribune on the following dny
published aal lst or tho 9ltcers elected Ut thAt
eeany sa tho t hy as los ny tona' q e %
meeting was to ascertaIn and preserve tho cor-
po5nte POI t. rights aud franchises Of tho Company,
!eeposslblo building 0i aho road. At tho o!!loo
u ,o hG Company in this city no positive iusorma-
e S ggssissay Of e s9 ssqtny Sanny
fismea ssna that y had money to build tho road.
iS 6s ssd ~ tl,aL tho nutturlScd capital was tloo,
Rah aeen Issued or who vera tho prictpal stock
So1oefs: ao oes. Ihe Company was "tl,pessona" Anl
nGs;sn;, viso.i'iesaeat;% % 4. e. Eay, SSss Tseas:
5nhssef s5e. Ghsf sd da%eee e e;
aaS 1an hs$i ChaTpcrlaln, William stoaeeagk War
VIM. .'o9e, uoHah t. IQntastotts IL. S HGll8,
EMallam H. WnDd ltobort Il. Dwigguns, ]. u.
i,sta TisTtast, and George T. Tasr!nRton. Directors.
~ thMcn S!cCu!locti, who wAs elected Pfes!dcnt 1T
1oard. '4$s As''S"s'' '''' 'o"' ~ '"o
,,an: or: humphreys was. also asked his opinion
ieg'sIag iees'a1Ialng tos Reagan BILL and tne proposed
TiEsaslation IT,: by Congress. Iie said lie did mt
liz Iisse tae nr1Rlnal bill introduced by AR.
iittssGal ita, year. or more ago, but Id learned
an1 ua| Inc Inst bill had beoI greatly modified,
bad r. Contained contained many provisions tflat would
tSata ~ taceeptable to him. lie. thouglltn u law
ea aat provided for rnllr0ad commission to
t"!ppiaa tupia statistics, and to aee 70 it that tho
t%toalls made honest reports senE-anuunlIy
nv a..lana!iy OF their condition, So TINT any
II in@'ona could know what l,a WIS Investing
noM tviaose .xIn ~ a measure Tho feeling tliat
r%a,s; vns;; ltaia MAttcra could not we'll bu
nes@1asea BY law, MS none but expert railroad
SM,,sIssef Sa,Msef4 could arrange satisfactory rates.
snPeso spn tliAe railroads were compelled to
fnae ste" llo rates according to mileage, tho
n TThIko ~ business centres lko New York a,lI
eoIe,is eIeaso Mn4ld ou terrible sufferers. Those
s1,n'fs,o ,'fs Would greatly duterlQEato IL lis
T.atlon was not ulada IN thafr tnynr