New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-19
RAILWAY INTERESTS.
THE TOLEDO, DELPHOS AND ST. LOUIS.
[BY TELEGRAPH TO TUE TRIDUNE.l

| THE TOLEDO, DELPH0S AND ST, LOUIS,
[BY TELEGRAPH TO THE TRBUNE.l
TOLEDO, Oct. 1S.-A bill entitled "The
Central Trust Company of NewYOrk trustee against
the Toledo, DephOs and Burlington Railroad Company,
! the Toledo Cincinnati and ST. Louis Railroad Company
ct al" was this morning filed In the Clerks ONCE.
| Of the Circuit Court OF the United States
for the Northern District Of Ohio The bill sets up mort
gage by the Toledo, Dephos and Burlington Railroad
Company on the terminus for S250,OO0j q mortgage by
the Toledo and Grand Rapids Railroad Company on the
same property OF S25O,000; also the consolidation OF
various companies TO form the Toledo, DcphOs and st
Louis.
Further, that these constituent roads had executed
various mortgages their property before consOlda-
ton; namely: firstmortgage Of tho Toledo Delphos
and Burlington Railroad Company to the Central Trust
Company as trustee to secure 81, 100000 Of bonds and
covering the main line from Toledo to
KOkomo; and first mortgage OF 100000,
same to the from Dayton to DelphOs first mort
gage bond OF the same TO the for $250,O0O from
shakertown to Lebanon, Ohio first mortgage OF the
Toledo, DephOs and St. Louis Railroad Company to the
same, and to T. A. Hendricks and trustees, of 100000
from KokomO to East St. Louis first mortgage OF the
Toledo, Dclphos and Burlington Railroad Com
pany to the Central Trust Company OF 50 100000,
Dayton to IrontOnj first mortgage Iron Railway Com
pany TO same. 100000 covering lines in Lawrence
County, Ohio; first mortgage Cincinnati Northern TO
same, 81, 100000, waynesve to Cincinnati, first
Company TO same, from Cincinnati 70 Spring Grove
Ccmeery that the Trust Company holds
made by the several constituent railroad companies
income bonds inferior I'm lien the first mortgages
mentioned that is about to commence proper legal pro-
ceedings to fOrecOse the several mortgages that will
he for the interest Of all parties that the accounts
and affairs OF each Of said lines should be kept
separate, aud that some one competent per,
suits The prayer the usual for the marshang Of
the liens and the appointment Of receiver and the sale
nF fsi a tn no Ia
bin Judge Baxter will appoint the receiver prayed for
over the property which In his jurisdiction as i carries
the plan he outlined at the time Of his last visit here
LACKAWANNA CUTS RATES TO ST. LOUIS.
A cut was made under the pool passenger
rates from New-York to st. Louis by the Delaware Lack
and Western Railroad yesterday. Broadway
outside ckcbrokcrs sold ST. tickets $40 Is for
first class the tariff being S24 25 and the lowest
dcronta rate by the weaker lines $50 10 The Lacka-
also made coTcspOndlngly low rates to inter
mediate Western places. The Chicago rate by the Lacka-
remained at ST. 80 u under the lowest
pool difcrcutial fare.
Nothing official has yet done by the pool roads to
meet the competition Of the Lackawanna. It appears
that policy inactivity TO be followed by the chief
officers Of the trunk Ines although railroad men do not
think that any line win be restrained by fear Of penalties
from preventing what loss OF business they prevent
by shaving" rates The high officials however say
that the equipment OF the Lackawanna IS limited, and
moro than tho percentage that the other lines Woub
probably coucclc 10 II under the pool agreement Com
missioner Fink aid yesterday, with suspicion oI Il
twinkle On his THE LHCkHwaunl following the
principle OF dhcrcntia lrcs-ony makes its own fure
it-ul"
In speaking OF the possibility OF the trunk lines cutting
the Ilckawtuua OH from connections west OF Buffalo,
prom urut scalprr" said: That would be remedy.
The local fare between Buffalo and Chicago and St Louis
'scapcd' sufficiently for us to be able to make
OF not"
THE PULLMAN PALACE CAR COMPANY.
CmCAGo, oct 1S.-Thc annual meeting Of
tie stockholders OF the Pullman Palace Car Company
held here today $1,000 shares Of capital stock were
represented The Old board OF directors and officers
reelected The annual report, presented by President
George VI Pullman, showed the earnings from The opera
ton Of cars to be S3j5l o73; from royalties, S3Glii
from manufacturing profits rentals etc. SjO5227; total
- Og3 "a; operating expenses and rentals Of leased
lines Fl G337l5 interest, Sl7l O74 dividends GIG
cent on capital stock, Sl235li2i total S3,O3993li
! surplus for tho year OF 81 ,O55,3l3.
New contracts covering 10000 miles OF railway, and
the renew n OF old contracts, covering 1000 miles, were
made during the year, which rendered necessary the
ludug uf Il new coaches. The stockholders author
lied m Increase Of capital stock at the discretion OF the
directors not 10 exceed 20 per cent AT subsequent
meeting OF the board OF dcgOrs the capital stock WAS
increased 10 per 10 meet IN" expense OF hUlHE the
car, mentioned H. the report, payable December next
The usual quarterly dividend O per cent declared,
aud on extra dividend of l. per cent "uL OF the manu-
. featuring profits, both payable November 10.