The National tribune. [volume] (Washington, D.C.) 1877-1917, 1882-10-19
lis Industrial, Commercial, Railroad,
and Agricultural Development.
FINANCE AND 'TR AID E.
Latest Reports from Leading
Business Centres.

the following board Of directors was elected:
Norvin Green. Thos. r. Eckert, Edwin d. Nor
gan. John Van Horne Augustus Schell, Harri-
son Durkce Jay Gould, Russell Sage, Alon2O
B. Cornell, Sidney Dillon, Cyrus w. Field,
John Fender ". p; Henry Weaver, Percy i.
Payne Robert Lenox Kennedy, Hugh J. jew
cit J. Pierpont Morgan, Frederick l. Ames,
Edwin D. Worcester VIM. ID. Bishop, c. =.
Huntington, Geo. 3. Roberts, Zaimon e. Sim
mons, Samuel Sloan, Erastus Wiman, Amasa
Stone. Geo. J. Gould. Chauncey NJ. Depew, Jas.
W. Clendenin and Geo. T. Baker According
to the annual report the capital stock of the
company is $S0OOO,O0O, Of which $50, 1880 is
still represented by certificates of Indebtedness
in the hands of the Union Trust Company.
The bonded debt Ut the close of the year was
$6.234,3S2, less balance of sinking fund appro-
priations not vet used for redemption of bonds
held by the Union Trust Company trustees,
1921 81. Total. $1,000 1876 The revenues
for the year ended June 80 were S17,114,165.92;
expenses, including leased line, rentals and
taxes, $999G, 095.92; profits, 72i5 32S.76, from
which there was applied for dividends, $4,79S,-
47341; for interest on bonds, $40, 09134; for
sinking fund appropriations, $40,097.9S, leaving
a balance of S1.979, $500. In 1882 131, 900
miles of poles and ,36S miles of wire were
put up and l2,OGS Offices opened, and s., 843, 247
messages sent. For new property there was
appropriated during the first quarter $315,-
1880. The company has entered into con-
tracts with the Gold and Stock Telegraph Com
pany and with the international Ocean Tele-
graph Company to manage and operate the lines
of those companies for term of ninety-nine
years, guaranteeing TO the stakeholder squar-
terly dividends at the rate of six per cent. per
annum.
Gen. A. c. Dodge, speaking to a Des Moines
reporter the other DAY about the wonderful
growth Of the Northwest, said that when he
was first elected delegate to Congress from
Iowa he received forty votes at the Fort Smell
ing settlement, where the two cities of ST. Paul
and Minneapolis now stand.
In consequence of the opening of trade in
Western dressed beef at Albany, New York,
the butchers of fresh-slaughtered cattle have
had TO reduce their prices one cent per pound.
The ruling price Saturday was COLO cents for
common TO choice.
RAILROADS.
At the directors meeting of the Baltimore
and Ohio Railroad last week, cash dividends of
five per cent. for the fiscal haIf-year were unani-
mously declared on the stock of the Main Stem
and Washington Branch, payable November l.
President Garrett presented a statement of the
earnings Of the main line and branches for Sep
TENDER last, which showed total of 81, 759, POI,
as against 81, 642, 634 for the same month of the
preceding year, being an. increase of $116657.
President Garrett stated that after payment of
five cent. cash dividends upon the common
stock more than 100000 remained to be added
TO the surplus fund, which is not represented
by stock or bonds, and which, on the Both of
September, 1881, amounted to $40 25S 65O61.
1t was expected that the next monthly meet
ing would be held in the new structure known
as the Central Building, at the corner of Balti-
more and Calvert streets, which is doubtless
the most central and desirable location that
could have been selected in the city. The con-
venience to the community will be most
marked, and, under the new arrangements,
greater effectiveness, through the concentra-
ton of the different offices of the several de-
partments at the Central Building and at Cam
den Station, will be accomplished.
At meeting of the agents of the different
railroad lines in New York, the committee to
prepare forms for continuous train passage
tickets reported that they could not reach any
conclusion. They were discharged. Another
committee Of the general passenger agents of
the four trunk lines, and the Boston and
Albany lines has been appointed. The meet
ing decided to give the difierential fare already
established between intermediate points a
further trial. The meeting adjourned until
% /:
award Of percentages for division of earnings
under the pooling contract will be specially
considered.
The strike on the Northern Pacific Railroad
in Oregon has assumed 4 serious phase. After
the board rate had been fixed at the old price
the men demanded $3.50 day, instead of 81
rs heretofore. This was refused by Mr.. Hallet.
the superintendent of construction. All the
Cinnamon were then driven from work. En-
gineer Thielsen, with the paymaster has gone
10 the front from Portland with LARGE sum
Of money and an escort of twenty five soldiers.
The net earnings of the Chesapeake nd Ohio
Railway Company are reported to be sufficient
TO pay the interest on the entire bonded debt
Of the company, including the currency skies.
An officer Of the company says that the
monthly net earnings hereafter will not fall
below 100000, and that within eighteen
months he expects they viii exceed 100000.
The Old Dominion Steamship Company will
hereafter run five steamers TO Newport News,
the eastern terminus Of the road.
The Chicago and Hannibal Railroad Company
has been incorporated at Springfield, III. The
capital stock is 100000 which Moses J. Rich
ards, one Of the leading incorpOratprs, says has
been all taken. The incOrporatoIs expect to
begin work in the spring, and run the first
train by May, 1884.
At meeting Of the stockholders of the Texas
and St. Louis Narrow Gauge Ra ilroad at st.
Louis, the proposition to increas,, the capital
stock of the road in Missouri and Arkansas
from $i,85O,OOO to $l5OOOOOO was unanimously
adopted.
The directors Of the Cornwall pa Railroad
Company have made another reduction of 20
per cent. Oh their through rates Of freight.
making a total reduction Of 50 Ter cent. since
the 1st of July.
The Augusta, Elberton and Chicago Railroad
Company has been organized at Augusta. Ga.
by elccting James P. Yerd cry president,
Henry J. Lang vice-president, a'nd II. p. Moore
treasurer.
THE CROPS.
The Department of Agriculture reports that
the average yield of oats will be somewhat
t,ap aSt wear or in 1g-n ord ~