Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-11-11
From the Illustrated world.l

From the illustrated WOrld,l
At the recent meeting Of the Gin
oinnati Southern three millions Of
stock we're subscribed for in an hour
and a half. This speaks we'll for the
confidence felt in the Erlanger system.
The nine railroads terminating in
R)ston carried last year over34 500, 600
passengers, of whom A,00O,000 we're
through passengers to and from Bos-
ton, and 100000 were season ticket
passengers.
The railroad system Of the South
Atlantic and Gulf States now forms
three great organizations: The Louis.
vile & Nashville Combination, the
Cole Combination and the Erlanger
System. These combinations practi-
cally control the railway system east
Of the Mississippi and south of the
Ohio rivers.
The first railway to be worked by
electricity in Great Britain is q short
line between Portrush and the Giants
CauseWsy. 1t Is estimated that the
cost viii be two cents per mile. II is
to be regretted that an experiment
like this has not been made in some
place where greater publicity could be
given TO 1t.
The Louisville & Nashville is now
one OF the leading systems. 1t owns.
operates and controls 1904 miles Of
road. OF this total, 1892 are owned
by the company and represents a
mortgage debt Of S46,99l $40, that is.
SS0,673 per mile. The capital stock is
! S,l30,9l3, the gross earnings for the
year we're Sl0,9ll, $50. The rest Of
the mileage operated BY the company
consists Of 30 held u1der lease, 224
by stock majority. and 1852 By allied
organizations. We take these figures
from the report for the year ending
June 30, 1881.
The Chicago Times was the first to
state that the Huntington syndicate,
owning the Chesapeake & Ohio sys-
ten. was reaching out for the control
Of the Cincinnati, Indianapolis &
Chicago railroad, with the purpose
Of ultimately making Chicago the
northern terminus of the Chesapeake
& Ohio system. 1t now transpires
that Huntington and his friends have
bought 60 per cent Of the stock and
bonds of the Cincinnati & Chicago
road, and that some time during this
month Mr.. Huntington is to be admit
ted to the directory.
In Atlanta railroad circles there is
considerable excitement over a rumor
that Cole and the Louisville & Nash
vile have entered into some sort of a
combination by which Cole gets per-
mission from the Louisville & Nash.
vile to use the lines of that company
running from a point of his system to
New Orleans, and that he also has
succeeded in getting similar accommo
dations Over the Norfolk & Western.
which line is also a portion Of the sys.
ten Louisville & Nashville.
Tie stockholders have formally rat.
fled the lease of the bridge over the
Mississippi at St. Louis and its ap-
proaches TO the Missouri Pacific and
the Wabash, st. Louis & Pacific com
panies. The joint %lessees guarantee
the interest on the bonds Of the com
pany, and agree to pay also 5 per cent.
on the first preferred stock for two
years, and 6 per cent thereafter, and 3
per cent on the secondIr sferred stock.
The yearly rental will be $564,50O for
two years, and $5s9,4O0 thereafter.
The Louisville & Nashville, and
Nashville & Chattanooga railroad has
the largest and best display Of Goals
and eokes in the Exposition at Allan
Ia. The display of iron ores includes
i've OF the most remarkables varieties.
In tobacco the company takes the
lead, as its samples are of great size
and beauty In grass seeds over sixty
kinds are shown aud in woods there
are not less than seventy commercial
kinds exhibited in logs and sections.
one section Of pine being over six feet
10 diameter. The company also makes
a very fine show Of the native fora Of
its country.
Dynamite is very useful in BLOWING
up works, Czars and ocean steamers
and that it can be used for other Dur.
poses was clearly demonstrated Al
Cheektowasga a day or two since. The
Messrs. Foley, says the Buffalo Oou.
rier, who are contractors on the New
York, Lackawanna & Western Rail-
way, had occasion to do some blasting
at that place, and, of course, used
dynamite. In an open box was about
one hundred pounds of the explosive
compound. 1t has a salty taste. and
when tive COWS, belonging to a farmer
named Bruce, happened along, they
decided that it was something good to
eat. Accordingly they began to re-
fresh themselves, when all ola sudden
there was an explosion, and two COWS
were minus their heads. Forty.fye
dollars apiece was all their owner
asked, and it was paid without a
murmur. -[Ithaca IN. y Journal,
h.