Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1881-01-21
RAILROAD COMM ERCE.
The n. Y. Chamber Endorses the Rea
ean Bill lnter-State--Other Recon
mendatiOns.

mCuuAAouU.
NEW York, Jan. 6.--Thc chamber
of commerce to-day adopted report
and resolution presented by its CON-
mittee on railroad transportation, de
claring that the public welfare urgent
ly demands that commerce by railroad
should be controlled and regulated !;
that such regulation should take the
form of,
First. Positive laws, defining pub
lie rights.
Second Supervision by an execu-
tive power to see that these laws
are carried into effect; that with inter
sta commerce, these laws and super
visions should be provided by congress
and for those railroads exclusively
within the jurisdiction of a state, sim
liar action should be taken by the leg
islature of that state.
1t was also resolved that Of the
measures now pending in congress for
regulation of interstate commerce, the
bill known as the Reagan bill in the
opinion of the chamber, is the one
best calculated to protect public inter
est, and tina: it should become a law
without unnecessary delay. 1t was fur
Their resolved that an additional and
separate bill, not inconsistent with the
provision Of the Reagan bill, should be
passed, providing for a national board
of railroad commissioners to see that
oil laws of the United States relating
to railroads are duly executed, and
generally supervise the operation of
inter state railroads.
LONDON, Jan. 6.-Ten million dol
lars worth of Northern Pacific railroad
bonds issued in London were covered
four times.
New York Jan. 6.-The Post
financially says We are informed
that foreign and domestic subscrip-
tions to the $20,000,OOO bonds of the
N. P. r. r. Co., recently offered ex
coed $50,000,OO0, by far the larger
part of the subscriptions having been
made in London. AS railroad loan
negotiation this is q success without
parallel. The money received from
these bonds will, it is expected, enable
the company to complete system of
about 260O miles where it now has
less than 1000. AS at present there
is no organized speculation in shares Of
the company, knowledge of the success
of the loan has had very little iniu-
ence on the price of either preferred or
common stock, which now represents
the present mileage, but which will al
SO cover the road built with the pro-
ceeds of the bonds.
CHICAGO, Jan. 6.-The Railway
Age in the forth coming number pre-
sents summary showing the mileage
Of track actually laid down in the Uni
ted States during the year $780, The
footings are astonishing, showing, as
they do, that not less than 1907 miles
of new track were laid during the past
twelve months on at least:234 different
lines. These figures are greater by "a
per cent than that of 1879. The Age
anticipates that the final figures will
increase the grand total to 1900 miles,
mileage greater than has been con-
structed in the United States or any
other country in any previous year.
The only state in which no work has
been done is Mississippi, and the only
territories are Idaho, Wyoming and
Indian, from which railways are kept,
although eager to enter), and Alaska.
Another will see large additions in
these territories. Dakota leads the
country with $50 miles of new track
Texas comes next with $50 miles
then Ohio, 525; New Mexico, $40
iowa, 445 Colorado, A0l; Nebraska,
3S5; Illinois and Kansas, $40 each
Arizona, 200; and for the western
states all prominent in the list. The
total mileage in the United States i.
s3,794, against 60.2s3 in 1871 anc
14,096 in 1875.