The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-03
RAILROAD ITEMS.

THE Atchison, Topeka & Santa Fe and |
the st. Louis Il San Francisco, which COM |
panies control the Atlantic Il Pacific Fri !
day, at a meeting with representatives of
the Central and Southern Pacific railroads,
at Boston, came TO an agreement respect
ing the extension of the Atlantic & Pacific.
The Atlantic & Pacific will call from the
present subscriptions $i000,000 cash TO
finish and equip its road to Colorado river,
also 81 900 cash to build the central
division of the Atlantic IL Pacific in Indian
territory. The Atlantic IL Pacific does not
bind itself not to build to San Francisco,
but should the Southern Pacific build east
TO the Colorado river, and if the Atlantic &
Pacific Joins that road there, it is agreed by
the Southern Pacific that it will guarantee
to pay to the Atlantic Il Pacific % per
cent. of its gross earnings on through bust
ness, this to be applied to the payment of
interest on Atlantic Il Pacific bonds, should
the earnings OF the latter company not be
sufficient for that purpose. The bonds are
also guaranteed i'll the same way to the
amount of % per cent. by the st. Louis Il
San Francisco; also % per cent. by the
Atchison, Topeka Il Santa Fe. This set
Element adjusts satisfactorily the difficulties
which at one time threatened to become
serious.
| In his interview with the citizens of Mar
shall Manager HoXie says the reduction of
| force on the roads was rendered necessary
by the falling off in receipts. That the re-
ceipts were actually less than at CORE.
spending period last year, though the com.
pany had 400 miles more in operation. He
had orders 10 make still further reduction
which would continue until June or July,
when he hoped to be able to re-
store the full working force. He ex-
poets TO complete the line TO New Or
leans by the LIST of May, and that the work.
shops of the New Orleans Pacific would be
at Marshall more than compensating its
citizens for the removal of the Texas & Pa
cifc headquarters.
I A meeting of the stockholders of the Mex
lean National construction company, Pal
mer & Sullivan, was held at Colorado
| Springs. Nineteen-twentieths OF the stock
was represented. BY a unanimous vote the
capital stock was increased by 5000, 600.
Nearly the entire amount of new stock was
taken by the present stockholders. This
amount will enable the company to com
plete, equip, and put in operation 40 miles
of road. The completion Of this mileage
will entitle the company TO 100000 in
subsidies from the Mexican govern
ment, payable in stipulated sections
as completed. OF this mileage, 302
miles ere complete and in operation. The
rails ard rolling-s,ock are already provided
| for 72ptmiles. The grading is completed for
$50 miles, and ties have been bought and
delivered for $50 miles. 1t is expected that
20 miles will be completed and in opera.
ton before the end of the year. The sys.
TEN for which the concessions have been
granted covers 1859 miles. When ~ miles
are COMPLETED there will remain gap of
i75 miles 20 connectthe City of Mexico with
the United States.
The Northern Pau. ic road is now ironed
| La ~ Of Iva mn nI "a
bud, on the Yellowstone, more than forty
miles west of Miles city. Track-laying is
still in progress Winston& Co. are follow
ing fast on the heels of Clark 4 Co., the
grade contractors. with the iron bands
which are soon TO span Che continent from
St. Paul TO Portland. light grading has
been done to Guy Bluff, about ten miles be-
low the mouth al the Big Horn, or about
one hundred miles west of Miles City.
Some heavy rock-wosk is encountered
there, which may detain the contractors
somewhat. Fine progress has been made
during the winter. The grade through the
Crow reservation Is completed, except q lit
tie heavy work.
Before the house committee on commerce
Wayne MacVeagh concluded his argument
for the Pennsylvania railroad against the
Reagan interstate commerce bill, holding
that the measure involved the assumption
OF exclusive power, cAcluulng state reguln-
ton. He expressed the opinion that the
railway system needed a thorough system
OF supervision, not persecution and penal
laws.
There are over 10000 men and 10000
horses and mules employed IN railroad
building in Texas. There are about 1900
miles of road under contract, and about
O 900 more to be contracted for.
The majority Of the laborers on the Vel
lowstone division OF Northern Pacific are
Swedes and Norwegians. All will settle on
the line Of the road and become grain
growers and cattle.dealers.
Two conductors on the 81. Paul 4 Omaha
line, named Gogravc and Smith, have been
arrested for embezzlement and lodged 1t
Jail at 81. Paul. -
A company with 100000 capital In,
been organized at st. Paul to build rail
way thence to Grand Forks, Dakota.
Eighteen conductors being let out on th,
Burlington & Missouri River railroa,
makes The boys think every other man is
. detective.
The Glendive Times is authority for tn