Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-11-25
PERSONAL ANo GENERAL


Another change in the management OF the
Louisville and Nashville railroad is i'm
pendiug This has now come 10 he cousid-
cred one Of the most fstigHing roads upon
railway officials in the country, having worn
out three or four sets of officials in about
hat number Of years.
IL was rumored IN New York, Tuesday,
that the Western stockholders of the Omaha
road had applied to the attorney. general OF
Wisconsin 10 remove the directors, alleging
that he road was not being operated for the
benefit of its owners, but 10 serve The pur-
poses Of the directory on Wall street.
A St. Paul dispatch says: THE sweeping
reduction of rates in the West strikes S..
Paul, Chicago and Northwest, Illinois Cen
trail, Minneapolis and S.. Louis and Rock
Island roads. II is fight for the movement
of this seasons crops, and it Is believed 10
railroad circles here may Last for 80 days, or
until the crop has been moved"
President Dowd, of the Hannibal and st.
Joseph railroad, Gays that his company was
fined for az act Of charity performed by one
OF his clerks, who took aii the money trav-
eler had for ticket aud then presented the
unfortunate individual with so cents for
meal. For this alone the compauy was
tined, ard upon this il based the report that
abe road was cutting rates.
A company has been formed in England
10 build "plateway" from LIVERPOOL to
london, which if it is ever carried into prac-
teal effect, viii bear watching. According
30 the prospectus a plate" road il to be
built, over wkioh freight wagons are to be
drawn by the traction engines, which are
much more common on tue ether side than
they are here. The idex is that a roadway
paved with iron plates, so as to De perfectly
smooth, will permit OF the passage over it of
heavily loaded trucks At a rate of speed al
most equal 10 that of an ordinary freight
train and at considerably teas expense.
The New York Indicator, of Wednesday,
says Telaiive to the stir monS the iron ma
Hfacturers: "When railway building is most
active aud hundreds Of miles are being
sdded each week 10 the system, the fogies 10
business who always see everything for the
worst, and spectators on the left-hand side
OF the market who trade on caIamities, are
positive that the country is going TO the devil
with The speed Of seven-league boots, aud
when a check from natural CAUSES takes place
an the progress OF new roads, the pessimst
in trade and the piuugers and crashers in
4he stock market see tctei aunihilation 10 an
esrly future OF sli mundane sffairs through
y possible restriction in the manufacture of
iron and steel Tais. The crop OF fools that
are controlled by such Inconsistencies seems
20 be increasing rather than dyipg out"
Referring 10 the resignation Of General
Manager De Funisk, IL the Louisville and
Nashville, prominent lawyer said TO 4 re-
porter of the Louisville Commercials 81 have
been expecting this for some tins. You see,
have been employed several times by par
ties opposed to the road, and know how the
shanage cement is doing. Why, il was scarcely
a week ago that the road was on the verge
OF having receiver. You know that at
the last meeting of The directors and stock
holders in This city it was decided to increase
the capita stock TO $S0,000,000. We'll, this
was opposed most bitterly by some OF the
New York stockholders. [ was employed
by some wealthy owners of stock who live
IN New York TO enjoin the roads issuing any
more new stock. The application was to
have been made a week ago. President
Baldwin sud some of the rest were very
much alarmed. L had the dead wood on
them, Tor the Law WAS on my side, and
they could not possibly have kept
us from eDj)iung theui, There was
only one thing left for them TO do. They
could not figGt them in the courts, but they
could buy their stock from them. 1t was a
rather costly job. bat Baldwin and the rest
made up the money in some way or other,
and the Injunction never served. Mr..
Baldwin and his associates have the stock
now which caused all the trouble, and they
certainly won't keep the fuss up. But you
can Just rest assured Of this one hing: The
Louisville and Nashville Company will be
in the hands Of a receiver before six months