National Republican., 1885-09-15
RAILWAY NOTES.

The story about n sevcn-ycar money pool be-
tween the eastern lines was renewed yesterday.
Respecting the advance in east.bound bust
ness, nothing more definite was known up to
the close of business yesterday than that con-
tainod in dispatches circulated on Wall street.
II Is understood that the New Jersey Central
pnymaster has been unable TO pay all the en-.
pl0yCs of that company for the month of Au-
gust, MS he has not received sufficient funds from
Reading. II is also not expected that the Os.
tCbcr coupons will be paid, nevertheless Jer-
sey Central stock was strong all day yesterday.
The trial of the West shore railroad 5000
O0O mortgage case was commenced at New
burg, N y, yesterday afternoon. \ brilliant
array Of legal talent wns in attendance and
several prominent railroad men, including
Judge Green, the receiver of the North River
Construction Company Chauncey NJ. Depew,
president of the New York Central and Hudson
River railroad; Horace Russell, receiver of the
West shore, and others were present. The
findings Of iuct will be submitted tomor.
row for the signature of the court, and the de-
cree Of foreclosure will be settled on Saturday.
Col, Henry c. Mutt, president of the Atlantic
and Pacific whose recent return from tour
over the road has been mentioned. speaking of
the extension of the 81. Louis and San Fran.
cisco road In the Indian territory by the At
lantic and Pacific Company, said that the
branch from Pierce City to Rcd Fork would be
extended 100 miles west of the latter place this
year, giving the Frisco 200 miles In the Indian
territory This is viii take i Hf Int Into The Okla,
country be opened up TO settlement" ''Of
course 1t will. The buil:ing of this road will
be the entering WEDGE
There was perfect food of Chicago dis
patches In circulation in Wall street yesterday
afternoon, all tending to show that cast-bonnd
rates had been advanced, and that further ad
vnnccs will follow Immediately. II Is stated
that the rate on grain from Chicago to New
York was ~ cents, although some lines were
willing to accept 10 cents, but that Il further
advance was expected to-day to 10 cents per
100 pounds. Then there were early rumOrs of
a settlement OF the troubles among the south
ern roads, including the report that there was
good authority for the announcement that an
adjustment of difficulties between Richmond
and Danvillc and East Tennessee, Virginia
and Georgia had been made yesterday, by
which both roads agree to restore passenger
rates Immediately. IL was further asserted
that this settled the southern rate war. From
the Office of the president of the East Tennes-
see company II was learned late yesterday nf.
tCrnoon, however, that no definite arrangement
Gs to restoration of rates has yet been make
The East Tennessee company has informed the
increase Its rates from Chattanooga the East
Tennessee will increase theirs from Atlanta.
The Chicago Tribune says: "Grave fears are
being entertained that the meetings of the
Transcontlnental Association at st. Paul dur
ing this week will result in the breaking up of
the Pacific coast pools, aud that serious war
between the tranScontinental roads will cnsue
The Southern Pacific company Central and
IOuNS) ms Decu HlOTe ONtT-
| bearing than usual, placing all sorts of obsta-
| cles in the way OF IT'S connections and com.
| pettOrs 1t has openly violated the pooling
| agreement whenever an opportunity offered,
| and has refused to make settlements on the
| percentages awarded By Arbitrators BoSue,
| Gray, and Ford Il short time ago. The South
ern Pacific, II Is claimed, would not dare to be
so aggressive II II did not see Its way clear and
| feel assured of an overland connection from
| Ogden in the case of war. If NIL the roads In
the TrNnscontInental Association should com.
| bine against the Southern Pacific company 1t
| would be completely cut of from overland
| connections with its Central Pacific, and be
| compelled 10 send oil its business via the Sun
sci route and New Orleans The Sante Fc, 1t
is understood, fully expects fight, and 1t Is
| preparing for H. II feels that peace cannot be
| made with the Southern Pacific until 1t has
| been soundly thrashed. Contracts have bee |
| made by the Santc Fe for some days past on
large lots Of freight for san Francisco and Pa.
cic coast points, andeyerything indicates that
Is getting ready to cut loose from the Traus'
| continental Association.