The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-08-23
RAILROADS.

THE Nashville, Chattanooga & st. Louis
railway management has ordered the en-
rineer 70 make surveys with q view 70 ey-
tend the McMinnville branch TO the Bonair
Goa. fields. These fields contain enough coal
to supply the south for years, and the ex-
tension will tend to cheaper the price. The
Sparta extension, from Rock Island to
Sparta, will be completed this fall; also, the
bridge over Caney Fork, the highest rail-
road bridge in the United States.
MONTREAL, Aug. lS-It is stated here
that the promoters OF the Ontario & Pacific
railway, from Cornwall to Sault Ste. Marie,
have floated $l4 10000 Of first mortgage
bonds in the association, ana work VIII os
inaugurated shortly. The parties connected
with the enterprise are principally Pnila-
Al Cincinnati, Ohio, August IA, the at
| torneys of the Central Trust company OF
New York fled in the circuit court OF the
United States bill in equity against the
Toledo, Cincinnati a. st. Louis, the Cincin-
natl Northern, ct al, praying for ijre-
closure of a mortgage on hrst mortgage
bonds of 81 600. 600 at per cent, on tn >
ground that October i and April L. two
pay days, had passed without the interest
having been paid. This proceeding was
against the Cincinnati Northern railway.
and Il prayed for the appointment OF a re-
ceiver other than the receiver already ep-
pointed for the Toledo Cincinnati q st.
iouis railway Whether a different re-
ceiyer will be allowed il not yet known.
Poor's Manual for 1888 shows the agRre-
gate mileage OF railroads at the close OF
1872. 10 have been 1l3 329 miles, III ,59l OF
which were built during the year. There
was an average increase over the previous
year of $685., 254, SIS In the share capital IS
sued By the several companies, which
ACCOUNTED TO s. 445 078 195. The funded
-. - "A -, a. ia AS Oh Tha tofa1
amount Of ali liabilities at the close OF
1882 was So s95, 064. $50. The gross earnings
of ali the roads Tor their several fiscal years
were s77O 356 ZIG. an increase over The pre-
viOus wear Of So, O66,51 The net earniDes
we're 1910 082 So. an increase OF SAB ls.
The amount Of interest psid was SlfS b.
80, an increase Of go 70s 0ls. Ibs tmount
ol Z videpds r.id was s1O2 C5l s54 an in
crease Of 80 6s7 "a. The percrfif--
Of gross earnings 20 inves-ni'1
per cent IN ISL, II 5; In j.
IE-Q 10s The percentage 81 d..
10 Investment IN 1852 vas 4 5 psr fir..l.
1881 AZ. In 1880. 5 4. and 10 1879 9. i1r
earnings Per mile Of al the railroads opsr-
efed for 1852 were: Grnss, sflss; uet-
iss0. gross. g. 49, net. = % IN lsIs, gross
COMM ssior,sr Pink has yet 70 snDouncs
ne nv r,s-crrtrres Which are % apply after
Inlv I. rn the distribution Of t1nnsEes
srB5ng the rus5s ri the sssi-buund ffeifht
pol. Thus Ter u bas not hefr found posi-
+is n sfi1sf The business IN accordance
VII TIE rules o. The JOINT srscufire commit
tee which require The diTerslOr 81 irtis1t
from roads that carry 700 rnucn - these
fhaf have TOO fiftle. = res1Tt not scctTItsble
10 sfi1lrers whr heTs her rrsiererce 1n
c--tsir instances g. 20 The route t1eir gor,-is
70 i-teror points stei take Ine o1.y
Re rrlrs. IL fhst cnnsirned - keu York
One srlufior 81 the problem. IN pu-susrce
r.r Tire rririr-ai errseruert. Gals II re Jay
usrt Of rr1ss rec. Tis o. t1s ress cOns ~