Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-10-04

The gross earnings of the Chesapeake an,
Ohio railroad for the third week in Septe m
Der were SSl 695, against S52.94I for IN,
corresponding week OF last year, an incress,
Of S2S,754.
The Southern Association of General Pas
senger Agents will meet in Cincinnati to
morrow. Rates TO points South will be re-.
adjusted by the association, provided. how.
ever, the general managers are willing.
Ex-Assistant Wharfmaster Eugene Sut.
clifte, we learn, has been appointed to the
position OF passenger agent Of the Memnbis
and Charleston, recently N sde vscsnt by the
rsignation OF NJ. ID. p. Robson Mr.. Sui
chhe proved himself efficient and trnat-
worthy while IN the river service, and will
no doubt be valuable acquisition TO The
Memphis and Charleston passenger service
The railways in Kansas, Nebraska and
other Wes'ern States will have a heavy bns =
ness in carrying OFF the immense erops tbis
year. Thus correspondent of the Boston
Commercial Bulletin writes: "For examnIe
MePaeroon county il one, and a small one OF
The IO4 connties Of kansas; The Atehisoo,
Topeka and Santa Fe is the only road rum
ming through this county. II this road is
called upon to haul this years yield of wheat
alone from this county, it will require 5000
cars to haul it. This, considering The usual
size OF the freight trains on the line, would
a
for the entire year."
AT no lime has there been better under
standiug among the railroads throughout
the country than at the present time. AL
most universal concord prevails, and the
determine ION among managers 10 sacrifice
personalities to the good of their respective
roads and the public has never before been
emphatic. A fair distribution of bust
ness among the various roads is being made
al
influences, and with the traffic that exits,
other commercial conditions being equal,
all the roads, with rare exceptions, should
make larger net earnings for The next twelve
months than ever before. More money
should be paid for interest on railroad bonds
within the next year and for dividends on
stock than has ever been heretofore dis.
bursed for the same purposes.
New York Indicator, Monday: at will be
no surprise to our readers to learn that
Louisville ard Nashville is again in trouble,
and supplicant for more money. This
time, to repleuish an exhausted treasury, il |
proposes a new issue of stock to the amount |
OF 10000 shares or of the par value of |
S12,O00,0O0. 1t il but few months since il |
beggsr en- the street for $I0,000,O00 |
loan, for which it put about all the equities |
IL held and miscellaneous lot of so-called |
securities. We warned our readers then, as |
we had before, that this road was not earn
ing fixed charges, and that its pretended |
prosperity was sustained by selling stock |
and borrowing money, and it is to be
hoped that our warning was needed by |
them in time. There is but one result from
such management as has characterized this
road for three years past, end that is in
evitable loss and disaster Interest to the
amount of about 1896 900 falls due to-day,
the larger portion of which, if paid, will, il
is believed, be from money borrowed for the
purpose. Mr.. Gould is credited with hold
ing 10000 and upward of Louisville and
Nashville stock in his own name, and of
having had proxies representing more than
half Of the capitIl stock laid at his feet, with
a duplication for him TO assume control of
the property. Ills also stated that he is in
clined to accept the proffer, which is more
than probable, and 10 make DIR. Norvin
Green president of that company. We say
this ia probable, for reasons that will be de-
veloped IN the course of contest that is be-
ing waged by parties of no light weight
against the Gould interest. wherever
found TO exist, be they railroads or
other properly. To msintain his eide of the
fight the ownership of Louisville and Nash
Vile becomes 10 him somewhat a necessity.
The change in management cannot be other
wise than advantageous TO the property, al
though it may take long time TO overcome
the damage already DONE"