The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-05-06

capital on which the public are asked to
pay dividends is si7 ~, UOo-more than
double the actual cost.
Commissioner Midsley is in st. Louis,
where he is attending a meeting of the At.
Gibson, Topeka < Santa Fe and ST. Louis &
San Francisco railroads, with the associa.
tons which he represents. The meeting is
being held for the purpose Of adjusting the
live stock rates from the west and the
southwest for the coming season, between
the lines running into New Mexico, Texas,
Ariz ma and Indian Territory.
The man who never saw a railroad train
dies as often as the oldest Mason. This
time he lives in Wakefield, New Hamp-
shire, and was almost 100 years old. lie
had often expressed wish TO see the cars,
hut his friends gave him no opportunity,
They wanted to make paragraph Of him
when he died.
a contractor thoroughly versed in rail-
road building says; "A common prairie
track costs $4,000 per mile to construct
s., 100 tor grading, S3,022 for iilty.sjx steel
rails, leaving less than 5000 tor bridging,
ties, track-laying, etc, This does not in.
clude right of way. But road equipped
with depots, round-houses, etc, should not
cost over $4,000 per mile, and ON most
roads between the Mississippi and the
Rocky mountains the cost per mile was
Hess"
The Denver News says: At the present
time the immigration TO the west over the
Union Pacific railroad is larger than ever
before. Every passenger train from the
east brings i'll two or more cars laden With
emigrants who are bound for oregon and
Washington territory TO take up homes.
Yesterday ITO emigrants passed through
| ON the Union Pacific for Washington terri
| tory and m trui aNnantaH Hnrip ~
the remainder of the week. As yet there is
very little Immigration into Colorado this
| spring, but before the month is over il is
expected that large number will arrive.
A special effort to induce immigration into
| Colorado is being made by two or three
roads but without great deal of success.
| The following New York dispatch, taken
| from Yesterdays Chicago Times, goes very
far toward sustaining the theory that the
trip of the Gould party to Memphis yester-
day had direct connection with Mr..
| Gould's plan for reaching the seaboard by a
continuous line of his own:
Before Mr.. Gould started on his trip to
the west and south he is said TO have prac-
, tically completed an arrangement with the
persons who control the East Tennessee,
| Virginia X Georgia system whereby that
I system was TO become part of what is
commonly spoken of as the Gonld outh-
western system. A pretty well authenti-
Gated report was circulated to-day that, as
one of the preliminary conditions to Mr..
Gould's plan, it was proposed to conso :
idate the East Tennessee, Virginia & Geor-
gia, the Memphis II Charleston, and the
Norfolk q Western railroads. The scheme
announced is that 100 shares Of the new
stock would be 'ssued in exchange for 200
shares of the East Tennessee preferred, or
500 shares of the East Tennessee common,
and 100 shares of the Norfolk e. Western
| income bonds were also TO be issued in
exchange for stock. By this arrangement
the capital stock of the three roads would
be greatly reduced, and the probability
OF greater profits increased by COM
bining the roads under one manage
ment This would also give Gould con-
tinuous line from the Mississippi to
Atlantic ocean, The Memphis Il Charles
ton road is 292 miles long and is now oper-
ated under long lease by the East Ten.
nessee, Virginia Il Georgia, The greater
part of the stock is owned in this city, and
these holders are about to begin suit to
nullify the lease on the ground that it is
fraudulent. One of the owners said to-day
that he presumed the road would become u
part OF Gould's southwest system in time,
hut he did not think anything could be
done i'll the matter until the rights OF u
majority of the stockholders had been es-
tablished.n