The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-10-07

the Atlantic to the Pacific IS expected to be
completed by january !, 1857,
Speaking Of the earnings Of the Pennsylvania
railroad showing gain Of nearly s5O1CCO in
August the Financial Chronicle saws. This is
equivalent Ia an increase Of 81 per cent In gr,SS
earnings and o. per cent IN net earnings In the
short space uf three years. The total for August
this year OsL65l, 49, is unmatched In the history
OF the company IL is fully $4,000 above The
largest monthly total previously recorded In.
deed, even totals Of - 100000 are Of compare.
lively recent date. The net earnings. too am
we think, unprecedented
The Chicsgo Tribune annOuGces that on Octn.
Der 10 the Louisville. New Albany x Chicagu
railroad viii commence runuings line Of cle-
CANT fulman palace sleeplne-ca from Chicago
70 Jacksonville, Florida These cars will leave
Chicago daily al 1880 p. m, and make the run to
Louisville, SOB miles in eleven hours. This ar
rangement VIII no doubt prove u great conyen-
fence TO The people going to Florida during tho
winter, who, heretofore when going 20 that
section OF the country from this city, had to
change cars several times. The Louisville. New
Albany y Chicago is making great efforts TO
please ITS patrons aud 1t ought TO be well pat
rOniled.
The railways in Kansas, Nebraska and other
western states will have heavy business In
arfying OF the immense crops this year Thus
correspondent Of the Boston Commercial Bul-
letln writes; For example, Mcpherson county
is one aud small one, Of the lOl counties .,
hsnsAS. The AtchlSOn, Topeka Il 5 anita fc is
lne only road running through this county. II
tnls road is called upon To haul this years yield
OF wheat alone from this county II will REQUIRE
$500 cars 10 haul Ii This, considering the usual
size of the ireigh, trains on the line would re-
quirc 562 trains, or almost two trains a day for
the entire year"
The Chicago Times says "a very sensational
dispatch comes from Quincy, Illinois, that
number of prominent gentlemen met and signed
articles of Incorporation and organized the
Grand Continental Railroad company. The cap.
ital stock is sS5,0ON000 The object is to hnild
line OF railroad from Quincy southeast to Gin.
clnnat and northwest 10 Bismarck, Dakota ter
ritory with Il branch to the south line OF British
Columbia, thereby connecting Chesapeake bay
and Puget sound. The gentlemen present were
leading men from different states and sections
throughout which the line is To pass. After
signing the articles Of Incorporation they elected
tho following board NJ. Peggot. Quincy, Hi
noiS, PRESIDENT John \. Burbank, of Indiana.
ex-governor Of Dakota, yice.presldent; Hon. W,
A. Richardson, OF Illinois, secretary, Henry
Root OF Illinois, treasurer Directors-Beyerly
II lOnfoey, Missouri; John IL. Coates, Clinton
Woods, William IL Hess, John c. Drinner, all
OF illinois, Alexander W. kinSe Bismarck,
Dakota; George f. Wright Council Bluffs Iowa
Additional directors will be designated by New
York capitalists who are backing the gigantic
enterprise The project has been inCubatiug
Tor over year. but this is the first public notice
of the scheme At present the managers refuse
! 70 make public the names of the New York
packers, giving us an excuse that their permiS-
| sion TO publish has not been obtained"
new lork Indicator, Monday. ut Will be no
surprise TO our readers to learn tina, louisville
n Nashville is again in trouble, and suppl
cant for more money. This time TO replenish an
exhausted treasury, 1t proposes u new issue of
stock TO the amount of 10000 shares or OF the
par value of sl2N0000. It's but few months
since 1t was beggar On the street for $1,000
COO loan, for which II put about all equities il held
and miscellaneous lot of sO.callCd securities
We warned our readers then MS we had before
that this road was not earning fixed charges,
and that its pretended prosperity was sustained
| by selling stock and borrowing money, and IL is
/ 10 be hoped that our warning was needed by
them in time. There is but one result from
such management us has characterized this
! road for three years past, and that is
| inevitable loss and disaster. Interest To the
amount of about $4,000 falls due to-day, the
| larger portion OF which, If paid. viii, it Is be.
! llcved, be from money borrowed for the pur.
| pose. Mr.. Gould is credited with holding 81 900
and upward of Louisville Il Nashville stock in
| his own name, and of having had proxies repre-
senting more than half of the capital stock laid
at his feet, with duplication for him TO assume
control OF the property, tits also stated that he
| is inclined to aCCept the proiler, which is more
! than probable, and TO make DR., Norvin Green
president of that company We say this is prob
/ able, for reasons that will be developed in the
! course of contest that is being wagcd by par.
! ties of no light weight against the Gould
/ interest," wherever found 10 exist, be they rail.
| Of the fight the ownership of Louisville x Nash.
willie becomes TO him somewhat OF necessity
/ The change In management cannot be otherwise
/ than advantageous to the property although il
may take long time to overcome the damage
already done ~