The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-11-08

that viii hest grow In Dakota aud Monian
along Tie line ~ the road,
According ~ nav fue passenger con
ductOp IN the employ OF the i. N ~, u
railroad company are nov paid on the mile
age basis.
Tbs southern dlylsou track Of the Mex
lean Central railroad In laid 3sl miles 10 u
point IL miles north OF AgunS Oaliebtes,
Leaving 288 miles 10 be built 10 complete tho
main line.
The laying Of the track through the Null
Ian tunnel IN Montana commenced Mon
day, and IL Ia expected that trains Will be
running through the tunnel by the end VI
the week.
The earnings of the Wabash system for
the third week in October we're 1881 474.5S,
an Increase over tbe corresponding week
last year OF S2l 1885
The earnings of tn. Atchison, Topeka d
Santa Fe railroad for the nine months
ended October 1, was SIS, 800 COO, an Increase
of 40 per cent. For the Southern Kan.
sas railroad company for the same period
the net earnings were 1920 600, an increase
of 80 Clio per cent.
Passenger conductors, brakemen and
agents on the Chicago, st. Louis Pits
burg road are instructed TO see that at Gil
stations passenger has ticket before tax
ing passage on their trains and conductors
go 80 far as TO even hold train at a station
that o dilatory passenger may purchase
ticket.
There are two new railroad projects on
foot in California. sand the surveys OF the
routes are now being made. The matter,
however, 10 being kept very quiet, ana the
exact routes proposed cannot be ascertained.
It is known, however, that one OF them
runs within the grant OF the Central IA
citic for about thirty mules, and negotia-
tons are now pending TOR the purchase OF
the land necessary from the Central Pa
citic. The lines are local state lines, but OF
great importance. They are not, 1t is un
derstood, projected by Central or Southern
Pacific people, and while being designed Tor
state trade almost exclusively they will be
so located that they will form a most I'M
portant connection, should one OF the pro-
| iscted transcontinental lines be built IT
IL believed that the projectors OF the roads
are in earnest and that the lines Will be
built.
Nsw York. Nov AIT meeting OF tho
directors OF the Missouri, Kansas Dc Texas
railroad company to-day scheme Tor the
exchange OF the second mortgage income
bonds, and the scrip certificates ana cou'
pons, representing t. Q accrued interest on
Them, was adopted. Two millions OF the
general consolidated mortgage bonds were
reserved for this purpose. 1t was proVideo
in the mortgage that the bonds reserved
for exchange might bear less than per
cent. interest, and the interest was option-
al, both as to time and terms with the com
pany. According to the action OF the d.
rectors OF the company the second mort
gage income bonds arc to be EXCHANGED at
par tor general mortgage bonds bearing 10
terest at per cent, ard the coupons ana
scrip representing the accrued interest into
the same bonds at 60 cents on the dollar.
On these terms the tul amount OF the gen.
eral mortgage bonds reserved to retire the
second incomes will be taken up. The
amount of this issue is So 100, 600, and the
accrued interest amounts TO about S50OO,
COO
The Timss.Democrat says 1t is stated
that there are now 800 freight cars standing
on the side tracks of the Texas u Paci c
road bet 1een this city and Shreveport, and
this is due 10 the fact that this road has not
engines enough to haul the cars. In con
yersation with railroad official the Racket
reporter was informed that the amount oil
bust ess the Texas g. Pacific road is hand.
! ling is surprising, when the condition OF
the road is taken into consideration. Inc
!, road is receiving great Zeal more busl
| ness than it is able to take care OF, and, IL
view of this fact. it appears strange that the
$ mana ement of the ROAD will allow 1t 10 re-
main in its present wretched condition. IL
has been clearly demonstrated by the re-
oeipts OF the road for the past Blk months
that it is destined to be one of the busiest
3 lines entering this city, but the impression
in railroad circles is that il the officials con
t tinue to allow the road to run down in th'
. mud that its coalition will soon become 81
bad that it will be impossible to hau
: freight cars over it.