National Republican., 1883-08-10
THE IRON ROADS.

Lively Rate Cutting Begun on the Chi
cago and 50. Louis Lines-GeD. Palmer,
President OF the Denver and Rio GrNnde,
Resigns-Sale OF tho Southeastern.
Special Dispatch.
ANNAPOLIS Aug 9.-The Maryland board
of public works, Gov. Hamilton, Comptroller
Keating and Treasurer Compton all present,
met to-day and approved the plans submitted
by tho Baltimore and Ohio railway company
for their bridge over tho Susquehanna river,
80 feet above tidewater, the requirements
being that the railway company shall main
tain tug at its own expense to assist passing
vessels. The board which it was stated was
unanimous in its decision in regard to the
plan of the bridge, directed that their decis-
ion be officially communicated to Mr.. J. X.
Cowen, counsel of the railway company.
Work on the bridge, il was said, would begin
in few weeks unless q recourse to the law
to prevent the building of tho bridge be had,
which is threatened. The Port Deposit peo-
pie are very much dissatisfied with tho ac-
tion of the board They claim that the plans
adopted will work disastrously to their COM
mercial interests.
By associated Press.
ST.. LOUIS, Aug, 9.-Yestorday was n toler.
ably lively day in railway rate cutting on
the Chicago aud Alton road, and the Wabash
road has openly sold Chicago tickets at So
but the Illinois Central had not up to u late
hour last evening met the cut. The scalpers,
| however have been selling that roads tickets
at So for several days. The rate to Louis
| vile, which was cut to So by the Air Line
few days ago, was dropped yesterday by both
the Air Line and the Ohio and Mississippi
roads TO $4 All tho roads between here and
| st. Paul are selling round trip tickets for
| $50, and yesterday the ST. Paul steamers put
the fare down to S2i, including meals and n
berth.
New YoRK, Aug. 9.--The resignation of
General w. j. Palmer of the presidency of
the Denver and Rio Graude railway was
rendered to tho board of directors at a meet
| ing to-day and accepted. General Palmer's
action is said to be due to his connection with
tho Mexican National railroad, which he is
now engaged in building, and which occupied
his time and orelgies. His pecuniary inter-
est in The Denver and Rio Grande railway, it
was said was not very large.
New YORK. Aug. 9.-The Post prints the
following special: Montreal, Aug. 9.-The
Southeastern railway was purchased to-day
from Bradley Barlow by a syndicate, COM
posed of George ID. Chapman, of the National
Construction company, of New Jersey; Ash
| ley Hbbard and Walter Stanley, of Montreal
and James Mitchell, of London, England, for
| $3,500000 cash. This will leave Mr.. Barlow
surplus of about $780, 900 after paying OF all
his liabilities including $1,400,000 to the
Canadian Pacific road. This sale is considered
a big ouchre on the Canadian Pacific COM
pany, who supposed that they controlled the
Southeastern road. and cuts off their only
connection with Boston and Atlantic ports
The purchasing syndicate is believed to
represent the Grand Trunk and Central Yer
mont interests, as Mr.. Hibbard has been
working against the Canadian Pacific all
along. Mr.. Chapman is here and Mr.. McIn-
tyre and Mr.. Stephen of the Canadian Pacific
have left for New York to interview Mr.. Bar
low"
ST. ALBANs, VI. Aug. 9.-Bradley Barlow
returned from New York this morning, buG
refuses to give any information concerning
the reported sale of tb Southeastern railway.
He says, however, that satisfactory arrange
ments are likely to be made soon. Comp
troller Knox, of Washington, arrived to-day
and is examining the affairs of the bank, and
a definite statement of some kind is expected
before morning. Later developments have
tended to create u more hopeful feeling. A
meeting of the directors of the Southeastern
road will be called at an early date, and ii
Mr.. Barlow is unsuccessful decisive steps will
he taken, as the creditors are already press
ing tho claims of the state. 4 'aim for
nearly $4,000 has already been entered against
the Southeastern by Montreal party on a
protested note. Considerable feeling exists
against Brainard and the directors of the
trust company for their seeming lack of
knowledge of the company's affairs. One
director acknowledged this morning that ho
knew nothing about their business The
public feeling is that funds have been handled
in carele IS manner, to say the least.
j. \. Mildly, subcontTactor under Fruin
& Co., who are doing work for the Missouri
Pacific road between Laclede and Kirkwood,
in ST. Louis county, is alleged to have alb
seconded on last Saturday night, leaving be-
hind him debts amounti to $4,000 or $4,000.
HARRISBURG, PA, Aug. o.-Applicaton has
been made for charter for the Harrisburg
and Southwestern railway company. Capital,
s5,0O0,OO0 The road will be ninety miles in
length, through Dauphin, Cumberland, and
Franklin counties. Robert ii. Sayre, of Beth
lchem, Pa, is president of the company.
MONTREAL, Aug. 9.-BradIey Barlow is at
present in New York, where he has'gone it is
said, to negotiate with Mr.. Vanderbilt for the
purchase of the Southeastern railway. Mr..
Mcintyre and George Stephen, Of the Canada
Pacific railway, have also gone to New York.
Three months ago Mr.. Barlow was offered
$3,750,O00 for the road, but refused it, He
wanted $l,O00,000. Ex-Gov. Fairbanks, of
Vermont, is credited with being desrous of
buying as much of the line as his own road
could utilize.
Mr.. McMullen of this city, has entered an
action against the Southeastern Railway
company for the recovery of a draft of $751;
$40 on the company, which was allowed to go
to protest.