The Rock Island Argus., 1883-06-09
THE RAILWAYS.
Annual Meeting OF The Chicago. HG,.k
fsiand & Pacific CO.---The Illinois
Midland--- Chicago d Northwestern
Hates on Lumber---NOteS. dt

Annual Meeting OF The Chicago. H1,.k
fsfand q Pacific CO.---The Illinois
MidIand---C Chicago d Northwestern
---Rates on Lumber---NOtes. d
CHICAGO, June s.-The animal meeting of
the stockholders of the Chicago, Rock Island
& Pacific Railway company was held at the
companys headquarters in this city. There
were represented 351 424 shares ont of total
stock vote of 419, 500 The following directors
whose term had expired were unanimously re-
elected for the next three years: A G. Dul-
man, Benjamin Brewster, r. P. Flower, and
| George G. Wright
The annual report for the year ending
March 81, 1888, was submitted to the stock
holders, showing the gross earnings for
the fiscal year to be Sl2, 1S9, ,9Ge 81; operating
expenses, 81, 100, S16SS; net earnings, SS, ,0S0,
0S6.4 AZ To this is to be added the net cash re-
ceipts from land sales amounting to $3.50, 600
making a total net revenue of S5,6400S6 4S
After paying interest on the bonded debt
rentals Of leased lines, and four quarterly
dividends of IA per cent. each, the amount
of 81, 100000 was ordered carried over to the
addition and improvement account.
The new board elected r. R. Cable presi
dent, Vice Hugh Riddle, who would not hear
Of reelection. Mr.. David Dows and Mr.
Kimball were elected vice-presidents, the for
mer being reelected and the latter succeeding
Mr. Cable, Mr. F. H Tows was reelected
secretary and treasurer. The following exc
cutive committee was elected: Hugh Riddle,
chairman, David Dows, F. d. Tows, R P.
Flower, and r. R. Cable.
ILLINOIS MIDLAND.
Judge Harlan is engaged in hearing the
consolidated cases Of Robert G. Hcrvey Va
the Illinois Midland Railway company, j. F.
Secor VS.. the same the Union Trust com
pany vs. the Paris & Terre Haute Railroad
company, and Abraham Freidenberg VS., the
Paris & Decatur Railroad company-all of
which came from the southern district
The questions involved are very ira
Dortant.. GFhe suits were originally
bills to foreclose filed about 1876, and several
receivers have'ha charge of the property
| and have incurred expenses to the amount Of
nearly 81 500, 900. In June last, the Hon. N.
w. Branson was appointed special commits
sioner to examine these expenses, and he re
| ports in favor Of disallowing about $500, 600
| Of the indebtedness created by the receivers.
| Exceptions were taken to the report, and the
sases came up for argument ON these excep
| lions. The question is also raised whether
these receivers accounts should take prece-
ience of the mortgages as a lean on the roads.
THE CHICAGO S NORTHWESTERN.
The annual meeting of the stockholders of
she Chicago & Northwestern Railway COM
| pany was held at the company's general
offices in this city.
| There were represented at the meeting
Bs3,6l5 shares out of total stock-vote Of
| B9l ,725 The old officers were reelected, and
a semi-annual dividend Of 3 per cent. de-
rlared ON coumon stock, and quarterly
dividend of per cent. on preferred stock.
RATES ON LUMBER.
| Commissioner j. W. Midgley, of the Iowa
Trunk Line association, has issued the follow
ing circular regarding rates on lumber des-
] tined to Omaha: Taking effect June 8, the