Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-07-27
PERSONAL AND GENERAL

IT 10 reported that the terminus of the
missouri, Kansas and Texas division of the
Mlssouri Pacific rail way will shortly be re-
moved 10 AlvaradO, where new side-tracks
will be laid.
II hrst permanent iron bridge over the
Rio Grande, uniting the sister republic of
Mexico with the United States, at Eagle
P4ss, has been completed for the Mexican
National Railway Company.
q Tennessee railroad asseseors spent
Tutstay in Knoxville and received the state
menI and Examined the officers OF the East
Tennessee, Virginia aud Georgia railroad.
lhey were sent over the road in a special
trsin
The immense snow-plow that wss on ex.
hibition al the ERposiuoa OF Railway Ap-
pliances was taken out the other day on the
Illinois Central. When il reached Pullman
1t plowed up the platform, $50 feet long, in
grand style, reducing it TO splinters in a few
minutes.
Mr. J. NJ. FENNERTY, the inventor, OF thi.
city, left for VIcksburg yesterday TO sttend
a meeting OF the original and proper stock
holders in the Mississippi Valley and Ship
Island railway, called at bis instigatiou as
attorney and agent, to meet in that city July
9th. The meeting is to be held for the pur-
pose OF taking action with regard to the
claims Of the present alleged owners OF the
said railroad.
PADucAH NeVs, "Wednesday: "There is a
reported trouble 10 the shops of the Chesa-
peake, Ohio and Southwestern railroad. A
cut-down in wages has sent out q number OF
hands from the carpenter shop, aud a reduc-
ton in another department will, as goes the
talk, cause a number OF hands employed
therein TO leave. This reduction ia being
made all along the line aud is having Just
such effect elsewhere that it il here"
MONDAY the programme was arranged for
carrying President Arthur and his Cabinet
from Louisville TO Chicago, on August I'd,
over he Louisville, New Albany and Chica.
go road. The special train will leave Loui--
willie at 8 O'Clock a.m.; one hours tarry will
be made at Monon Junction TO give the
Presidential party an opportunity for some
hano-sbakinZ. Superintendent Sala will ar
range 10 run a special train from Indianapo-
lis to Monan, Driving at that point at the
ssme hour which the train bearing the
Presidential party does.
The greatly increased earnings OF the
Southern railroads during the month. Of
May and June are very properly regarded
by the Louisville Csurier-Journa az Indica-
tons OF incr a-ing property in the South.
The increase is greste,t in The passcnger
earnings, which shoNs both 9 10 i'll populs-
tion, and that a larger number of people can
afford 10 travel by rail. A portion of the in
crease, however, il no doubt due TO The in.
creased Northern travel in the South, which
results from toe growth Of frieodlS feeling
between North and South.
The Chicago Tribune says: "Tha recent
decision OF the directors of tn Est Tennas-
see road to ad1 tl6. 100000 of new stock to
the $50, 000, 900 of stock aud bonds already
out is a. good sn occasion ss any TO cali at
tention again to the methods by which the
fashionable fuanciers of Wall street are
overlo aiding the world with securities The
East Tennessee has about HOO miles of road.
Against this milesge it wi!l, with Inc new
stock, have the comfortable SUN of $780,
100000 Of paper outstanding, which is IS
near as may be 100000 a mile, which is
twice or thrice as much a. the road cos.
This clever bit Of papering has been done by
the Seney syndicate, the same az that which
projected AMI carried out the Nickel Plate
piece OF industrial black N siling. They built
the Nickei-PlatP, or New York, Chicago and
ST. Louis, for Il doubiy bad pUrpose-to
msuufacture lithographic securities 10 sell to
a silly public and TO compel the Lake Shore
to buy at an ex ravsgant price a half-built
road it did not " .nt under penalty of having
its business broken no This philanthropic
syndicate bad $4,000 of paper printed for
stock exchange u-e on every mile of this
worthless road. Ole Of the directors
OF the Richmond and Allegheny road
has been Communicating to the
Philadelphia Press a recital of the
pressure by which the same syndi-
cate wrecked hat coucsrn and several others
they 'oonsoIidat. d With il. This road ruus
from Richmond, Vs., $50 miles through one
OF The mot beautiful and fertile sections of
the Cd Dominion TO a junction with TIE
Chesapeake and OHIO at Clifton Forge. 1t
cost less TO bulid probably than any other
road in the Uoited States not stretched across
the level pr,iries, for it WIS l,ii on The tow
path Of the james Rves and Ksnawha ca.
nal, which cost Sll,00p 900, bu, was bought
by the syndicate for 5000 900. The total copt
OF the Richmond and All gheny was 80, 000,-
600, but it WAS at once papersd for Sl0,0Ue,-
600. l was consolidated by the Seney syn
dictate with the Ohio Central, scd launched
on a career Of the widest sxiravagauce In
IL months the stocks aud honda issued
against a property that had cost S. 0 900
had increased 10 Sl4,000, 900, while the N AZ
ket value of all this pap>r mad dropped ruin
ously on the hands OF the lambs who had
Iught it from the syndicate. Richmond
y Allegheny stock weat from ~ 20 81, aud
the road Is prseiic ally bankrupt aud in the