The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-28
LIVERPOOL.
RAILROAD ITEMS.

According to the latest news in regard to the
cutoff from Mohave to the Needles the railroad
is completed thirty miles from Mohave station
The graders are working about fifteen miles
from the end of the track
1t is reported that the railroads Of the state
are preparing 10 import $500, 90 in pennies for
use i'll making exact change in selling tickets at
the three-ccnt peT-mie rate.
lThe house judiciary committee to-day decided
not to investigate Mr.. Newelrs charges against
the Texas Pacific railroad, They nave no time
for that subject at present as Mr.. Newell very
well understood. They have no authority TO in.
vestigate these charges unless they go 10 the
house and ask for special resolution, The
time of the session is too short aud the charges
are considered too old and hackueytd To war
ran any such proceeding.
Irhe first eighteen miles of the Chesapeake &
Ohio track after leaving Newport News has but
about the LIST of August. The land lies very
low, and the distance from the News TO the OBJ.
lectivo polnt--tho creek this side OF Fortress
Monroe-is only eight miles.
A special meeting of the directors of the
PENNSYLVANIA railroad company will be
held TO consider the matter OF the
sale OF the indianapolis ~ ST. Louis
railroad, This road has lately been In financial
difficulties, and has for several years been In the
hands of J. II. Deyereux as president and re-
ceiver. Half lis stock is owned by the Pennsyl-
vania company, and the remainder by the
Cleveland, Columbus, Cincinnati & lndianap.
oils railroad company At the close of last year,
Its liabilities were sl,65l,G7S.
The Northern Pacific railroad announces that
by September n direct stage line will be es,ab.
lished from Benton 10 the Northern Pacific rail.
road at Billings. The route will DO by way OF
Arrow Creek TO the Judith Gap, ana thence di.
rect to Billings. There will be no mountains to
cross aud the distance by the proposed route
from Benton TO Billings will be l75 miles, so that
Bentonites can leave home In the morning and
take supper on tho cars next day, arriving at
ST. Paul within three or four days
The Houston Il Texas Central railroad com.
pany, through It's European agencies and con-
nections, is now bringing about 500 emigrants
month into Texas, aud expects TO increase the
number when the autumn season sets in. The
emigrants are mainly Germans and scandina'
Vans.
Ex-Governor John Evans, president OF the
Denver 4 New Orleans railroad company, re-
ports that he had Just concluded au arrange
ment with Wlnslow, Lanier Il Co one OF tho
heaviest banking houses In New York, for plac.
ing 50 900, QUO of the company's bonds. which In.
suresihe completion of the line To u junction
with It's Texas connections ut the Canadian riy.
or. Governor Evans said that the press dispatch
from Denver, announcing that In It's suit agains,
the Atchison Topeka 4 Santa fs to enjoin the
latter from discriminating In favor of the Den.
yer 4 Rio Grande, Judge Hallet had rendered a
decision, was misleading. IL was only q refusal
he said. TO grant an injunction before hearing
testimony. Judge Hallet has already decided
lHhN ulihVI NHt VNHSuNullun VI NOlufuuO tUc AtCn.
ison, Topeka & Santa Fe Is required to exchange
business with the Denver Il New orleans rail.
road. The court argued this at length when dis.
missing the Atchison. Topeka " Santa Fc do.
murref.
As has been heretofore reported, lnyestigs.
tons have been concluded by the Northern la.
cihC syndicate for the sale of 81 900, 40 of the
general mortgage per cent bonds of that com.
pauy 10 two OF the mrgcst banks In Germany,
the representatives Of which recently visited
this country and nude 4 thorough examination
of this road The sale Introduces the securities
of the Northern Pacific company to the extern.
sivc markets Of Germany under the most favor.
able auspices, aud viii undoubtedly lead To
other transactions of importance to this enter.
prise. About stl0000o of these bouis have
also lust been sold In this market nndne gotta
tons are pending for the balance OF the $780,
GOO IN bonds acquired by the syndicate ON lis
July option When this balance is closed ont
the syndicate will have sold s25 100000 OF bonds
which, with the compans cash on hand, gives
the company all the money II eau use for o long
TING. While the construction Of the main line
of the road Is pushing forward, the Oregon &
Transcontinenial is building branches or feeders.
ivr which IL Laa ~eqai.ed s.nsis iunds w Alv