The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-10-28

RAILROAD ITEMS.

MIR SAMUEL NJ MILLER formerly assistant
general passenger agent of the Gulf Colorado *
santa Fc railroad, has been appointed general
pass niger agent of the Peoria, Decatur & Evans.
vile railroad
New York Indicator, Monday '"rhe Hunt
lngton aud Could roads In the southwest are
again getting suSpiCiOuSly amiablc toward each
otacr. Their relations are becoming 80 Intimate
that should some new scheme be begotten il
would not be surprise 10 those aware of the
tecnndity OF the pain The lines OF road con.
Uolled 10y the railway managers are becoming
so closely allied that ii is sometimes difficult TO
ulsilnguish which from Sother' They connect
and use each others lines in the frecst possible
way. The Southern Pacific fairoad
company has u force OF engineers
surveying line from Nermiliouvilc to West
Baton Rouge. Rumor has it that the Southern
Pacific, If II builds u West Baton Rouge will
run into New orleans over the track Of the
Texas ~ Pacific thus giving them shorter
route than Morgan'S Louisiana Texas railroad.
The Texas q Pacific Is now using about so miles
OF the southern Paclc's track east of III PaSo,
ana II The latter road concludes to build its
Nermilionville extension, no doubt smicable
running arrangements with the Texas & Pacific
WIZ be- effected from West Baton to New Or
leans "
The New York Times. Before the governing
committee of the stock exchange there was an
important matter yesterday involving facts
when Tor some time past have been n subject of
scandal ana excitement In Wall street The
question under consideration was the Striking
OF the securities of the Fort Worth K Denver
railroad company from the list of the beard.
This corporation has about lU0 miles q. railroad
completed, running northwest from Fort Worth,
Texas It's ultimate destination is the Canadian
river II was chartered In May, 1879, aud the
Texas ~ Colorado Construction company was
formed for the purpose Of building It, with n
capital OF ~ 100000. The president OF the latter
is General q NJ. Dodge who, I; is said reptC.
sents Jay Gould in this as in other enterprises
i. H..
constr lcion company was 10 he paid
in securities of the railroad company. the first
payment TO be made ut the completion of the
Urst 100 miles, Bonds ana stock were Engraved
ana printed ana, aitCreNnminalion. were admit
ted To dealings in the New York stOpl, eV-
change IL ~ now RsceftauGd however.
that but very few shares have been
issued. But this did not come TO
ught until the stock had been largely
sold on the erroneous impression that II could
be obtained for delivery at amy time. The price
had been forced up 10y It's scarcity to 10 and 4!
before those who supposed that they were deal.
ing IN II suddenly discovered that they had
really been buying and selling nothing hut air.
There were virtually none of the shares To be
hud, and everybody who had had anything 20
do with them was short While these ptlces
ruled IN the exchange the same stock had been
sold outside ny 90 deliverable whenever II
should be issued, aud this Is said 10 be a true
measure Of its speculative value The singular
condition OF things in which brokers found
themselves srlngU security that has as yet no
existence is said To have been brought about by
a carefully laid plot the object Of which was 10
create q very high price for the shares ana
then TO place them in tbs market II OVcy body
excepting the sChCmCrS had remained Ignorant
OF the fact that the Supposed corner was due
10 the u0n-cNiSunCc of the stock. II Is said that
II might have Amounted to a,iahuous figure
tracts
The governing committee decided to prohibit