New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-29
RAILROAD INTELLIGENCE.
HoosAC TUNNEL AND WEST SHORT

HOOSAC TUNNEL AND WEST SHORE
Justice Lawrence, of the Supreme Court
Chambers, yesterday granted injunction in favor "a
the Boston, HOosao Tunnel aud Western Railway Com.
pany restraining the Continental Construction and In
provemOnt Company and others from parting with the
possession OF certain bonds ana George j. Forrest and
Others from receiving possession OF them.
The suit is declared by members OF the construction
company DO friendly for the purpose OF protect
ing alike the interests OF the railroad and the Consire
ton Company The managers are virtually the same in
both companies The litigation marks the abandonment,
the scheme for the construction OF the Boston, Hoosac
Tunnel and Western Railroad tc Buffalo, as originally
contemplated by General Burt, the protector Of the
original lchusetts road This scheme proposed the
building OF the road through the Mohawk Valley and II
was bitterly opposed by the New York. West shore and
Buffalo Company. The Continental Construction Com.
pany undertook the building OF the and purcha ed
$4,000 900 first mortgage bonds from the HOosao Tun.
mel Company Subsequently It was intended TO tansfer
bi, contract TO party OF English capitalists. About
year ago the Attorney-General Of this stats
began proceedings TO annul the charter
of the HoOsac Tunnel Company. 1t ia alleged thas
these proceedings were inspired by the West Shore in
No trial OF the mas yet off, but the ac-
ton OF the Attorney General resulted in the failure Of
the negotiations for the transfer Of the Continental Com.
PAM contract. The managers Of that company have
formally acted In the matter but IL "a understood
where connection can be made with the NewYOrk Cen.
tra and the Erie Canal and with the West Snore road
evening had vet been concluded between the HOOsac
Tunnel and the West Shore interests.
The HOOsac Tunnel road mas been bnilt from the tun
mel Mechanicsvlle distance OF about ninety miles
There abOu, $4,000 900 bonds outstanding although
the issue under consolidated mortgage Is limited 10
$4,000 per mile. These S0O0OOO0 bonds were held In
trust by the Central Trust Company be distributed
January 1888 to the stockholders OF the continental
Construction Company. prominent memb, OF the
Construction Company said last evening": A" 1t was
thought best TO prevent the bonds from being
dsr buted for fear that they might into the hands
OF some who might take steps 10 Orecose tho
mortgage II probable that tne bonds Will be
changed for stock the Construction Company would
prefer to accept dividends earnings OF the road a
creased rather than the risk of having default In
decided against Va 1t Will only make necessary formal
reorganization TO correct any technical defects the
first organization"
THE YORK. NEW liA1 IN AND HARTFORD.
NEW HAVEN, Conn.,, Dec. 2S.-The Duec,
tors or the NewYork, New Haven aLd Hartford Rail.
road Company have prepared report TO be submitted
the stockholders at the eleventh annual meeting 70
held in New Haven January 10, 1883, as follows
Income for ending september 3d. 1882 passengers
S33935l3 SO; freight y O6J,sjJ -: mails. express
etc, Sl7s,43S 20; making total Of Sj.937,s07 "a;
operating expenses, S3s03G7S o.; taxes S26i4iO 81;
interest Harlem River PORE Chester DOnIs SlIO,-
00O making the total expenses 233 ll9 81. Blla zee.
Sl,6996Ss - Two dividends OF per cent have peen
declared, amounting to Sl.35O,OOO The sinking fund
il S1.l36,2S6 10. No additions cave been made TO Tue
capital .ndure accounts during the year The total
numDer Of PASSENGERS carried during the year was
G3973S5; tons Of freight moved 1905 322. The road
100 engines, 22S plsse Lger cars, - mail anu bag
gage ears, AMI p 81 freight substantial improve
uents been made the buldlugs bridges, rolling
stock, etc, OF the company. Alterations IA putlng
down add iOnal track, and change OF curves aud
grades recommended, ana will make necessary tle
expenditure OF money for TIC next year or Two
IAN viii he available from the earnings OF the company.
The improvements must be made with money RAISED
upon the credit OF the company