Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-02-14
THE RAILROADS.
Gross Earnings and State Tax of the G


Gross Earnings and State Tax of the c.,
st. p. 8 O., and NJ. & ST. L. Koads-A
Large Discrepancy Found In the Tax
Returned by the Latter Road by Conn
missioner Baker-Reported Sale of the
Minneapolis s. st. Louis Road.
Gen. Bishop went out yesterday on the
Sioux City road
Mr.. ]. G. Boyden, of the Chicago,
Milwaukee s. st. Paul road, has gone
east.
d. M. Sullivan, fuel and the agent of
the st. Paul and Omaha road, has gone
to Cumberland
Goo. M. Sawyer, local freight agent of
the st. Paul & Omaha road, has arrived
from flying visit to Chicago
Mr.. E. D. Humphrey, of the st. Paul
& Duluth road, on which he has been a
conductor for eleven years, has resigned
his position and has accepted that of
manager of the Duluth Brick s. Tile Co.
near Duluth.
The agents of The lumber line are to
have meeting in Chicago Friday next.
Mr.. Flournoy will probably be there.
Geo. III. Cresley, of the Kansas City, st.
10 & Council Bluffs road, and K. G. More
house, of the Sioux City Sc Pacific will
also be there.
A meeting of the railroad freight
agents throughout the Northwest is to be
held at Chicago tomorrow. Mr.. Inland
of the St. Paul & Omaha line went down
of the same road will be there on his way
back from New York, where he now is.
Senator Hatch says the newspapers are
engaged in smoking out the matter of
selling the Minneapolis & St. Louis road.
| They at first stated the idea that it was
the ST. Paul s. Omaha line that bought it
and now they are charging that the st.
Paul & Manitoba road has made the pur-
chase.
| Mr.. Harvey Middleton, the new master
mechanic who superseded Mr.. Ackerly as
manager of the shops of the Manitoba
road has arrived and is In full charge and
has been for some days. The men who
are at work under him express themselves
as highly gratified at the change, and at
| the manner in which the new man has
commenced.
The Reported Sale of the Minneapolis d
st. Louis Road.
At an interview had Monday with one
of the stock holders of the M. 6
st. L. railroad he stated he mad no posi-
tive knowledge of the sale of the road to
the N. P, although he did not consider
1t all improbable. AS it is an open secret
that the n p intend acquiring coal
road of its own to the Iowa coal fields,
the terminal facilities of the M. s. St. L.,
road in Minneapolis would also be Of
great value to the n p, particularly in
view of the terminal facilities lately &C
CURED by the ST. Paul s. Manitoba in
that city, and the further fact that the
M. & st. L. own as a company several
thousand acres of coal lands in Iowa.
There are two other pregnant facts, first
the M. s. st. l.. have lately marketed a
large amount of their stock and SOME one
has bought it. Second they have just
placed very large loan, S., 900, 900, 6 per
cent. consolidated bonds at par,
which could not be done
In the open market in its present condi-
ton, but has either been taken by or
backed in some way by very strong
combination or corporation. The i'm
mense increase of the last six months in
the net earnings of the Minneapolis &
St. Louis road makes it very desirable
property for anyone to acquire and he
stated authoritatively that the road
would commence this year to pay seven
per cent. dividends on it's preferred
stock.
From another source 1t is learned that
the Northern Pacific has picked up
10000 shares Of Minneapolis & st. Louis
stock and has an option for 10000 more
1t is also stated on what appears to be
good authority that the st. Paul & Mani
toba road has bought up considerable
amount of the stock of the road.
Per contra, the Minneapolis Eyena7ag
Journal published telegram from W.
D. Washburn denying the reported sale
to the Northern Pacific, but making no
allusion to the question of a sale to the
Manitoba road. 1t is quite evident from
all the GLOBE can gather that the
Minneapolis & st. Louis road will
soon change hands, and if the
Milwaukee d st. Paul company does not
interfere, it's pretty sure to go either to
the Northern Pacific or Manitoba Com
panies. Pending the negotiations it
might be expected that Mr.. Washburn
would deny the report. That is the al
most universal style IN the rail
road world Of denying sales, trans
fers, and consultations, until the inside
parties have had opportunities to work
up their little stock specializing pools,
and having loaded up, they are then
ready to give the facts and boom it up.
1t looks as though the same game worked
by the Louisville & Nashville parties
year or two ago was being played with
Minneapolis & st. Louis stock, and some
fine morning the now densely ignorant
railroad people will be terribly astonished
to find that the road has been sold, and
that somebody has stuffed their pockets
full of the stock-probably while they
were asleep.
Railroad Reports of Gross Farnin as and
TGI.
Railroad Commissioner Baker has re-
ceived the reports of gross earnings of