The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-21

ton has been unable to select any of them for q
| standard.
The Rochester & Pittsburg company will have
$50 miles In operation this fall. and on this mile
age the earnings are expected to reach ST. 500 600
gross ana s12i,sOOnetor about A5oO0o after pay
Ing fixed charges
The large draw of the new Wheeling ( Lake
/ Erie bridge across the Maumee river WAS swung
into position Saturday S4S feet in length
and weighs, with its furnishings, over 500 tons
The bridge is 500 feet In length, and will cost
upward OF $500, COO
The management of the Denver Il New Or
leans ailrsad, the rival of the Denver 4 Rio
! Grande has given orders for the extension OF
| the line TO Trinidad. The dis ance from Pueblo,
the present terminus of the road, 10 Trinidad, is
| Is miles, the distance from Denver 10 Trinidad
being SlO miles
| one OF the long-delayed vessels with steel
| rails for tho California southern has arrived at
miles from San Bernardino and will be pushed
| forward with all speed. ItiS thought that the
| tracklayerS will not be compelled to delay work
again, as other ships with rails are already due.
For the four months ending June 80 the east
bound ireights shipped over the different roads
from Milwaukee was as follows Chicago &
Northwestern, II, 200 tons; Chicago, Milwaukee
%St Paul, 1900 tons Detroit Grand Haven 4
milwaukee,, 26 S95 tons: total 61665 tons For
the week ending July the amount shipped was.
Chicago " Northwestern, 40 tons; Chicago
Milwaukee Il ST. Paul, l,lSl tons; Detroit Grand
Haven Milwaukee, l,l7I tons
lation; Taking an average calculated for the
whole country, railway passenger when he
pays u for his fare, contributes 10 cents of that
amount TO the stockholders 20 cents TO the bond
holders and o. cents toward paying the cost OF
operating the roads the latter being distributed
directly or indirectly chiefly for wages TO work
Ing people. These are the figures for all the
roads IN the country, taking the aggre-
CRATES for dividends, interest payments, and
operating expenses, OF course on some roads
the whole of the dollar goes to the working me-
chanics, laborers conductors, engineers and
other employees the stockholders getting moth
ing. The dollar, or large part of it is, more
over, quickly. returned to the shopkeepers OF
the country, for there are over 500 90 of rail
, road employees Withdrawn from productive la
, bor, whose wages pass regularly into the hands
of the farmers and manufacturers who supply
: them with the necessares Of life. There are d
good many different ways of looking at rail.
roads and railroad corporations, aud this is one
: of the ways in which they appear to ba moi
quite so black as they are usually painted "
t The stockholders Of the SciOtO Valley railroad
have decided TO extend the road from Columbus
Ohio, to Fort Wayne, Indiana. To do this they
, have voted to increase the capital stock from
85,w0000 to sl0cO0000 and to authorize an adj.
ditlonal issue of bonds not exceeding SIS Coz Der
mile or sl,5O0,0OO The stock now issued is
. g. 10000 and the increase from this is to bo
only In proportion TO additional construction,
The full amount of S25, zoo bonds per mile was
authorized so as TO get new basis for all the
securities Those in authority over the property
will soon hold meeting In New York to de-
eide rs to the extension, its final locations when
work of construction will begin and other mat
tiers. Columbus holders of stock wanted tho
proposed extension into the coal fields built
first and believing it could be done quick and
cheap aud with greater benefit to Stockholders.
but that was not what Huntington OF the Ches
npeake & Ohio. and other eastern parties want
ed. No small holders took any part in the yot.
ing. They claim that when this system is com
plrted to Fort Wayne it will aifoId the shortest
route from Chicago to the seaboard This
would be, of course, via the Chesapeake & Ohio
The following bit of history is from the Cleyo.
land Herald:
Once upon time-this has nothing to do with
the Cincinnati, Hamilton & Dayton remember
there was corporation The stock of the com
: plny amounted to 10000 shares and was equally
owned by John Jones and Sam Smith. The
- profits yielded a regular annual dividend OF ID
per cent on the capital stock of 81 900 900 which
was 100000. This was equally divided betweel
the two owners OF the stock. Now, John Jone.
was thrifty While he had an eye TO business
he also had another eye to John Jones. San
Smith was not so thrifty, but was good fellow
One day John Jones said 10 Sam Smith: sam
let's increase the stock 5000 shares You sait
the other day you wanted to use 100000. If yo,
like, will take the odd thousand shares nm,
= pay you cash for it." Sam agreed to that. as Ii,
was II good fellow But after time the com
pany met and had an election Then 1t wa
that John Jones made substantial use OF his cd,
: thousand shares of stock. 1t gave him major
urcr of the company lie fixed the salary of tn
president at $50 OO0 and that used up the 500 90
which had formerly been called dividend
sam Smith got left, all on account OF John Jone
owning Il little more than majority of Tn
stock