The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-04-26
erty, the bonds will constitute first mort

erty, the bonds will constitute a first mort
gage.
A special from Boston saws: The Chi
cago, Darlington and Quincy people to.day
came up TO the scratch aud bought the
Hannibal & st. Joseph road, thus putting a
stop TO the threatened parallelinc of their
most profitable lines. The purchase was
effected at conference between President
Perkins, OF the Burlington, aud MIR. Fred
l., Ames, representing the ST. joe. The
Burlington, it is understood, will guaran-
tee all the bonds of the Hannibal & st, 10
seph company, and purchase the preferred
STOCK at par with its per cent. debenture
bonds, and the common stock at ~, the
price paid by Mr.. John L. Daft. with per
cent. interest since the date OF that pur-
c Ease, payment for this also to be made in
. per cent. bonds. The total debt of the
Hannibal & st. Joseph is $S,633 900, and
the interest on it is SGiS 60 per aDnum
The purchase will call Tor 80 10000 of Chi.
cago, Burlington Il Qlincy per cent
bonds, the annual interest on whicn-Si50,-
DO--added to the interest guaranteed
S6i5, $40, makes the Chicago Burlington 4
Quincy's annual obligauons ON account of
this purchase 100000.
A special from New York of the 22nd
saws; A check for ~ 500 900 passed through
the clearinghouse yesterday. 1t WAS drawn
in favor OF the heirs of the Charles Morgan
estate by Mr.. q. T. Huntington, and, is the
first of three instaliments for the purchase
OF the Morgan steamship line. About q
year ago, shortly after the death of Mr..
Charles Morgan, syndicate of Central and
Southern Pacific railroad capitalists was
formed by Huntington for the purchase of
the property. An offer was made Of s., 900.
O0O which was refused Negotiations were
reopened few days ago, resulting in the
sale of the line for 81 800 900, to be paid
in three installments. The property will
be used in connection with the Southern
Pacific railroad. Ex-Governor Leland
Stanford Charles Crocker, of San Francisco,
and other well-known capitalists are inter
ested in the transaction. This is the sec
oDd largest individual check that has been
put through the clearinghouse. The
other was for So 100000, and was drawn in
favor OF Thomas A. Scott by MIR. Jay
Gould. Mr.. Gould was in Philadelphia al
the time and happened to be unprovided
with any blank checks. Tearing slip
from a sheet Of toolscap he filled 1t cut ana
forwarded it to New York. where it was
duly honored at the Fourth National bank.
dispatch from the City OF Mexico states
that Ramon Guzman and Sebastian Cam
acho, representing the Mexican Central
railroad, have signed contract with the
government, consolidating all the conces.
sions made the company since September,
1881, on the following basis All the periods
specified for the construction of lines are
extended, as well as the exemptions and
privileges appertaining thereto; the subsidy
of o per cent. OF the customs duties IS in
creased TO s per cent from September OF
next year, provided the main line from
Mexico to FL Paso is completed by that
date, as the company expects it will be; the
company is authorized to increase the tariff
of the inter oceanic line from Tampico on
the Atlantic to San Bias on the Pacific; the
forfeiture clause is modified so as to impose
only u fine instead of coniiscation; the GO
per cent. discount on government freight
and passengers is reduced to 40 per cent.
The government also agrees TO JOIN the
company in celebrating as a national event
the arrival of the first train from Washing
ton to Mexico, which will probably occur
next spring.