Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-09
PERSONAL AND oFNepAr

Something of sensation has been causel
in Toledo railroad circles among those Win
know the facts, by the action of the county
authorities relative to the big stock of Lax
Erie and Western tickets bought by a svndi.
cate eighteen months ago at the time OF the
railroad war. These tickets have been in q
bank vault in Toledo ever since their mr.
chase. 1t has now been decided 10 tax them
"a personal property. The syndicate yaIue
them at S2oO,OCO. According to the rate of
taxing 60 per cent. of their valuation. thew
would have to pay $4,000 taxes this wear.
Then they were in default for last YEARS.
taxes, and If this is required, the amonnt
will, of course, be doubled
The estimated earnings of the Georsia
Pacific road, when completed 10 Birmi5o-
ham, are S5SS,O00 per snuum. The road
goes through rich agricultural country
and 1t will also have large iron and coal
trathc. The following regarding the road il
published in the Augusta (Ga.) Nelos: ssMr
Buckhalter, one of the contractors for build
ing this road, was in the city this morning
He says the track is being laid at the rate Of
two miles per day, and that the road will be
completed in a lew days to Villa Rica, forty
miles from Atlanta. The grading and track
laying will be pushed forward as rapidly "a
possible. There will be none but steel rails
used, which will insure a good road. Mr.
Buckhalter says that it will be one of the
best roads in the State"
In an interview with welI.known citizen
OF Pensacola, Fla, the following facts re- |
garding the Pensacola aud Atlantic railroad |
were obtaiped by the New York Banker and |
6roker, of Saturday: "The road will be /
opened so miles from Pensacola next week |
extending 80 miles beyond Milton, and will |
ne completed to Chattanooga, the Eastern |
terminus, 160 miles from Pensacola, by Mol
vember 1st. The road is being laid with /
steel rails, and is entirely graded, and all the
rails have been purchased, and are on the
ground. The completion of the road will /
furnish short route between the gulf ports
and the Atlantic coast, and it Is expected TO
do large business between New Orleans |
and the Atlantic. Mr.. Frederick De Funiak.
the general manager of the Louisville and
Nashville, is president of the road, and Mr.
w. ID. SIMPLIFY is vice-president Both of |
them are pushing The work Of construction
az rapidly as possible, and the people OF PEN
sacola are very enthusiastic over the pros
pect OF its early completion. There has been |
no delay in the work, as the money was all |
provided before the road was begun, and
tn at it will be furnished by next November. |
there is now no room for doubling"
Tbe Hannibal and 81. Zoe BOND Case.
JEFFERSON CITY, Mo, August 8.-Judge |
McCrary, of the United States Circuit Court.
has rendered and delivered a long opinion |
IN the Hannibal and st. Joseph railroad
bond case. He decides that the company
must pay to the State OF Missouri a further
sum OF money, aud that the sum must be
ascertained as the result OF full compliance
with the act of March %, 1881, for the in
vestment of the money which he holds the
State officers were bound to comply with.
1t Is thought the sum 10 be paid will be
less than 100000. The taking of an &C.
count is referred 20 ]. K. Cravens, of Kansas
City.