New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-08-01

RAILROAD INTERESTS
PROGRESS IN MEXICO.
! WHOLESOME MOVEMENT To DEVELOP THE CoUN-
TRY-NEw GRANTS.


~ From the Mcrfcdn OFFICIAL Journal, June 20.
so, me actual feature of our Republic is con,
he fe rH OF our country Only few days ago
that their line had been completed as far as a TnN While
on the 18TH inst the last section the Railroad
utla was inaugurated AT Vera Cruz the ceremony Of
laying the first rail the line from that port Jaapa
regions of sonora, fifty Kilometres road which is
40 Gge 11s S condition OF our frontier
state, have been completed. The sullivan Company
pushes on the construction of the Touca Railway and
to reash the fertile lands Of the state Of
Brayo heard the whistle of the locomotive CINE
Construction Of rawaysa Fact already ed SnoWS
taken enc care o asp Gf e as have
Inc orisin OF such wholesome movement is due to
just toward the actual onethat has not gone
astray from the path traced by its prcdecessorwe
of developing Mexico's material progress only
deserve but granting franchises for the construction
OF railroad lines which are to be the complement of
sure basis the future prosperity of our country.
special mention of The eopeessans a on a h
Executive, duly empowered for that purpose by Con-
l. Grant in favor of General John b. Frisbie as
the agent ana representative of the International Con-
strueuon Company, for the building and working of
railroad and telegraph lne from the City of Mexico to
yenient place within twenty-five leagues between Pie
aras NegTas ana LAREDO or within the same distance
Tn b to build another line from convenient place
IA
that section OF the untry comprised ports
OF Matamoros and Tampco. General Frisbie is likewise
somewhere between Mazatan and Zhuaanejo. No sub
say gyen TO TINS COMPANY by the Federal Treasury
representative of the international Railway Improve
and telegraph line to from Bravo del orte
at some place between Laredo and Reinosa a south
ward d. oction between merdians 10 20 east
OF the Mexico MERIDIAN running through Fernando
eonict Drsne @ h re h being o6sSa to
Victoria said branch line to be extended through Tua
Is to buid likewise, branch lines Matamoros and the
Jesus Maria Bar Iae trunk line is TO proceed from
until 1t finds the most suitable pass City OF
Coast, and before reaching the central tabeland il
win bif'ircae. IL order TO touch Papanta and Nj
SANTA having its terminus at Vera Cruz with branch
lines TO soto La Marina, Tampco Tuxpani and either
Tecoutla or Nauta. This company subsidized at the
longsl.
and lgnacio Pombo the representatives OF the Texas
Topoobampo and Pacific Railroad and Telegraph Com,
road and telegraph lines, viz:
Flrst-Lrom ropoloDampo, in the State of snaloa, to
Pedras Negras. IN the state of Coahuila.
second-from place that may be deemed the most
dilleras, % Alamos, in the State Of Sonora
o ,6 place that naay be deemed the most
dilleras, TO Mazatian, in the state OF sinaloa.
on The ns from the cordierns to iiedras
Negras, Presio del Norte state OF C6ihnahua
subsidy 80 900 for every completed kilomere five
branch The above subsidy to be paid when tue trunk
line completed the toll that the Government is
Fourth-Grant in favor OF General Manuel + Ioera
Tor constructing and working cincture RAILROAD around
ita, the different railroad depots and the slaughter
line to 1lalpam, with branch lines To Xochimileo San
Angel and Contrera in the Valley OF Mexico.
Fifth-1irant in favor of Mr.. Francisco Canton for
eonstrpsng ana working railroad and telegraph line
line Is to with now being CONSTRUCTED
between Merida and Valladod.
In hne we must here state that the contract entered
upon between the Executive and the distinguished
gineer. CAPTAIN James b. Eads, for constructing and
Iehnantepeo, has been definitely approved by the
grand work win probably executed for the pride OF
Mexico and for the astonshment of future
POSSIBLE RAILROAD LITIGATION.
IMPORTANT MEETING THE BoNDHoLpERs OF THE
COLUMBUS, CHICAGO AND INDIANA CENTRAL
RAILROAD.
From The Financial Chronicle OF JtRy3o
The affairs of this company have lately
taken turn, in consequence Of tie appointment Of
new committee to represent the bondholers the
reorganization agreements The facts of the matter as
reported below are furnished for publication in The
and are believed by the editors to be substan
whitewrght and Richard T. Wilson the committee
aid securing whatever to them BY the terms
of the agreement under which this committee APP
WAS TO be appointed by the bondholders.
Fosick ana james A. Roosevelt, eomme m'p snif
against the Pennsylvania Railroad Company to compel
railroad the recovery TO be for the benent of first
mortgage bondhOdcrs. After long litigation these pro-
trustees against the Pennsy Railroad Company for
about ~ 100000 and the rent for the
The Pennsylvania Railroad Company appealed from
this decree 10 the Supreme Court vi the Omitted States
and that appeal is now pending Meanwhile, it is said
Judgment bought up large quantity of the bonds
cured by the first mortgage and by
tees who had recovered the Judgment
In this condition of things call for meeting the
permanent committee In the place of Messrs Ise-
lin, Whitewright and wilson This meeting was held
few days ago at the Office OF the Union Trust COM
pany Some OF the bondholders VINO had not trans.
ferred their interests to the Pennsylvania Com
pany attended and protested against the meeting
being regular. These bondhoders represented by
Mr. Wadsworth, vicepresident of the Chicago, Mil
waukee and St. Paul Railroad Company, and Mr.. Henry
Morgan, OF Matthew Morgans Sons, MI. Peter Geddes
and Mr.. Luddington. Mi. Luddington offered a resoI-
ton that was the sense Of the meeting that the
mittee should not compromise the Judgment against the
Pennsylvania Railroad Company but il and he
offered further resolution that the provisional
mittee should consist OF five members instead oil three
and that Mr.. Wadsworh aud MIR. Morgan should be
After Offering these resolutions, the meeting went into
the election OF committee This election resulted in
the choice OF Mr. VIM l.. Scott, OF Erie Penn who is
supposed to be largely interested In the Pennsyvana
Railroad Company, Mr.. Chas. j. Osborne and Mr.. Will
lam b. DiIsmore.
The resoution-that it was the sense of the meeting
That the claim against the Pennsy vana Railroad Com
pany should not be ompromised-then came up and
was discussed by Mr.. scott and Mr. Lu,ldngtop ana
finally was referred to the committee which had lust
The resolution al ding Mr.. wadsworth and Mr. Morgan
to the committee also discussed and as laid upon
Thus the permanent committee appointed TO repre.
sent the interests OF the bondhoes made u az
to embrace claimed parties acting in the Interest oS
the Pennsy lyania Railroad Company the debtors i'm the
$2,SoOOO0 Judgment
1t is supposed that this arrangement will result In
some litigation.
Il COUNTY CLERK IN TROUBLE.
SAN FRANCISCO, July 31.-Various rumors