Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-04
PERSONAL AND GENERAL

Because OF the reduction of wages, some
Of the employees Of the Cairo and St. Louis
railroad at some points along the line have
resigned their positions.
Stoves in cars on any railroad in New York
are likely to become an expensive well as an
antique style. Since the Hudson River rail-
road disaster bill has been introduced into
the legislature at Albany providing for all
railroads heating their cars with steam or
hot water. A failure to comply with this
law subjects company 10 a fine of not more
than $4,000 nor less than $4,000. Hence
forth New York railroad passengers are to
escape burning. In case OF serious accidents
they are to enjoy the opportunity of being
scalded to death.
President Martin, of the Vicksburg and
Memphis railroad. and President Harris, of
the Mississippi Valley and Ship Island
railroad, have called meetings of the stock
holders Of their separate roads, TO be held at
the Offices OF the two companies, in Vicks-
burg, to-day, for the purpose of considering
the proposition looking 10 the consolidation
OF the Mississippi Valley and Ship Island
railroad, the Vicksburg and Memphis rail-
road the New Orleans and Mis- issippi rail-
road, and the Tennessee railroad companies.
As an illustration Of rapid development in
railway property, the recent sale of the St.
Louis aud San Francisco is a conspicuous
example. Six years ago the controlling in
terest in this road could have been pur-
chased for about $500, 900. A like interest
in the road, at the price paid for the stock by
Gould and Huntington II the Seligmans last
week, would now cost about IS 100000. And
this is by no means the "last chance" in rail-
way property, as there are other stocks now
in the market as cheap as St. Louis and San
Francisco was six years ago, and with more
certain prospects of a high price, in brief
period, than those shares had at that time.
The ehrewd and far-seeing buy in time to
make money, the timid wait until the high
est value is developed and then condemn
their luck for not going in" earlier.
\ good deal of excitement exists at Red
Cliff over a rather startling discovery of
carboaates by the graders CT the Denver and
Rio Grande railroad on Battle Mountain.
The Herald says: THE contractors assert
their rights to the mine on the ground that
the laborers were in their employ at the
time, and their labors consequently inure to
their benefit, while the workmen claim it on
the ground of original discovery. Possibly
the railroad company will assert their rights
on the same principle adopted by the con-
tractors The work of the location was per-
formed at the expense of the contractors,
and this may give them a title to the ground.
Several assays have been made OF the min
eral found, and it il said the average is over
200 ounces to the ton, four feet of which is
already exposed. Lawsuits will very prob
ably follow this discovery, and should the
strike turn out to be small pocket OF min
ersl it would be a losing investment"
TracIc-Lay ing ON iIIe Texas and 81. Louis
ST. LOTS, February "a Texarkana dis
patch says that track-laying began on the
Texas and ST. Louis railroad east from this
place yesterday.
ADDIfcnffOn for Wrst OF Error Refused
ST. LOUIS, February 3.-The chief Justice
of the Supreme Court refused the applica-
ton for a writ of error to the United States
Court in the Hannibal and St. Joe man.
damus case, there being no Federal jurisdic-
ton involved in the suit.