The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-06

day assented to the bill authorizing the sale of
the western section of the Quebec, Montreal, OF.
cate.
Aiter spending several thousand dollars in ex-
perlmenung on the one track raj road in Tularo
county the enterprise has been abandoned
l ne track ana rollag stock were sold under at
iaehment aud the engine will be used in hoist.
ing coal nom mine rear Huron.
New Albany is quite a valuable point TO the
JeHersonvllle Madison d Indianapolis road
| some two thousand cars are loaded and unloaded
mere per month; which is purely local business
= ne Louisville, New Albany 4 Chicago handles
fifteen hundred loaded cars per month al that
point ot a local character
The annual report OF the St Paul Il Omaha
Sohipahy shows no llGating debt and cash ON
nand amounting TO sos 496 The amount due
nom othtr roads, etc, is stated at S3i2l2 The
company has S259l.lS0 Gifts own stacks and
oohdS ana its net receipts from land sales were
souil i3, and il had credit to the balance of in
eo one account ON December 81 OF SG0957
Inc New York, Chicago ~ st. Louis road have
now $40 miles of road tini he'd the grading and
bridging of the remainder nearly completed
ana only sixty miles of road vet 10 lay The
road wlil be Omen for 'htOu.h business in July
next with traffic connections with tbc New
YORK, Lake Erie ( Western Peoria Decatur <
ENanSville, Lake Erie { Western Ohio Central
dayton, FltlSburg X Western, aud gainesville &
Youngstown roads
- In order TO facilitate the work of grading, the
Northern Pacific railroad will commeu' build.
ing wagon road from Cabinet Rock along
clark fork. to Th0mpSon's river distance of
my Two miles, ut u cost of $4,000 There is a
good road from ThompSons river east to Mis-
Soula, distance of 100 miles which was built
by the company last year at an expense of
500 0 The company has 2.3 0 Chinese and J. q
80 white men Ntwurk, including those employed
by contractors in logging camps
Mr. Gould was asked il he apprehCudcd any
disturbance between the lines west of the Mis-
souri, river in consequence of the extension of
the Missouri Pacific through Nebraska to Ona-
ma lie replied that the right of the Missouri
Pacific company to build north II connection
with the Union Pacific would not be disputed
THE Union Pacific and Missouri Pacific inter
ests, said he are mutual to some cXteut aud
10 was desirable TO bring the two systems into
closer connection. We have on the Missouri
Pacific IN Missouri, extensive coal mines, within
less than three hundred miles from tue Union
Pacific and the latter road can get portion Of
its fuel supply from III more cheaply than it can
get 1t from the mines eight hundred miles west
of Omaha Mr.. Gould remarked that the south
western system, of which he was president. is
nov completed to Omaha in the west Laredo in
the southwest and New Orleans IN the south
and, AS this is not favorable time for organic
ing new extensions, the companies would row
settle down u the task of earning money
one of the most curious railroads in the world
Is l'-inch gauge road running from North
B,llerica Massachusetts,, To Bedford 1t was
iirSt hooted ~ by the people, Tut was completed
miles. There are eleven bridges 1he rails
weigh twenty-five pounds to the yard One
grade Is l2j feet The cars and engines are
constructed so as TO be very near the ground,
giving them greater safety The cars have an
isle. with one seat on Csch side in the same
/ manner as ordinary cars have two seats The
ears weigh but four and half tons ordinary
cars weighing, on IN average, eighteen tons
| Trains run At the rate of twenty miles nm hour
with perfect safety. The engine is placed be-
hind the tender, giving it greater adhesion to
the track. They weigh eight tons and draw
two passenger and two freight cars. The cost
of the road was about 81 500 per mile
An exchange says; The foreign investors are
utterly ignorant not only of the localities where
the roads run and OF their resources, but in
most cases even OF the amount of capital of the
concerns they are interested In More than
that very few OF our own dabblers in stocks
and their name IL lepion-Enow ANYTHING about
| it, over and over again do you hear In brokers'
| of1lces disputes about the amount o. bonded in.
! deptcdncss, and the amount OF stock OF this or
| that concern. These disputes are never settled
without a reference to Poor's Manual, and il
takes usually an hour for the disputants 10 find
out the necessary data in that bulky volume
| How many spectators know. for instance, the
| amount of joint stock capital Mr. Jay Gould has
absolute control Of? And would any cautions
/ London, Amsterdam or Frankfort investor ven.
| turc his money in the New York stock market il
| he knew that this amount exceeds 5000 600, coo
I Not only the market value OF this immense
amount of securities, but the management of tn,
properties IL is supposed to represent are Mt the
mercy Of the caprice of one man
/ The Union Pacific and Kansas Pacific
| bond, and stocks represent in
round figures .. ............ 400 600 on