National Republican., 1885-10-02
RAILWAY NOTES.


recovering from the severe cold which con-
lined MIN TO his home several days.
A meeting at New York Of general passenger
agents. adopted the report of the presidents
upon the reorganization of pools aud resump'
tiOn Of rates
middle division of the New York Central rail-
way, will, on Oct. 49, complete ffty years Of
service with that corporation. lie Is ~ years
old, aud hale Ond hearty.
majority of the holders of the genera
mortgage bonds of the Wabash, st. Lons and
Pacific Railway Company have signed the
bOndhOlders agreement, but the privilege TO
sign remains open to ull other holders Of the
bonds during October
A meeting of the Central and Eric fast freight
line managers was held at Buffalo Wednesday
and yesterday The announcement IL made
that the Red, White, and Midland fast freight
lines have consolidated to take effect yester.
day, with George +. sherman, of the Red line,
as general manager of the consolidated com.
pany
10 is announced that the Missouri Pacific has
leased the Central branch Of the Union Pdcilc
for term of twenty-five years. The road has
sbeen operated for sometime by the Missouri
Pacific, but In making n long time lease II IL
inferred that the Missouri Pacific is reaching
out for Denver IN opposition to the Union
Pacific
II was announced In Wall street that a settle.
ment had been reached by Drcxel Morgan &
Co. with the holders of the North River Con-
structIOn stock, The receiver aud officials of
the company declined to make the terms of tho
settlement public; but IL is believed the stock
holders will receive between S25 and $50 per
share
The Dominion government will subsidize the
Chcgnecto ship railway to the extent of s!I2,-
600 per nnnum for twenty years. The railway
will be over twenty miles long across the
ishmus separating Nova Scotia an1 New
brunswick. IL will cost s0OOOOOl and VIII
open up the whole north shore of New lruns-
American
| begun Immediately.
Inquiry ut the offices of the Grand Trunk
| and Canada Southern railroads elected the In
| formation that as yet there has been NJ effort
| to vaccinnte the employees of those roads, The
| men are perfectly willing to submit to vuccina-
ton II the board OF health of Buffalo so orders.
They iully, realize the danger, and say the dis.
| ease would spread very rapidly along the line
| II II was once introduced.
The st. Louis Globe. Democrat yesterday, re.
| ferring to reorganization of the Wabash rail.
road, suys that II Is not yet decided who Will
be the president Of the company, but that II
seems 10 be settled that James Il. Howe, the
| present general agent for the receivers, will be
the first vice president and resident director at
| 81. Louis, with full control of the tlallc aud
| physical departments of the property. Mr
| Joy, It is understood, has declined to accept
the presidency OF the reorganzcd company.
At the continuation yesterday of the hear
| ing at Philadelphia of the South Pennsylvania
injunction suit, the principal witnesses were
A.. j. Casatt, ex-vlcc president OF the Penn.
sylvania Railroad Company; Henry D. Welsh,
H.. II. Houston, Y, !; shortrldge, Clement A.
and J. Price wetherell, directors OF the Penn
| sylyania company, and also Alexander NJ.
Fox. Among the interested listeners during
the session were President Keim and other
officials of the Reading railway.
The parties interested In the suit OF the Cen
tral railroad of New Jersey to obtain nh annul
mcnt of the lease of its property to the phila-
delphia and Reading Railroad Company met
at Philadelphia yesterday at the Office Of the
master, George NJ. Dallas where the second
hearing In the petition had been arranged to
go on. A statement by George o. Waterman
was heard, and he was cross.exnmincd by Mr..
Williams, of the Reading company. President
Little, of the Central Railroad Company came
IN during the course OF the examination r put
was then adjourned until Thursday, Oct 10
A general desire to await the outcome of the
meeting of the trunk line presidents, who met
yesterday at Commissioner Fink's onice, in
New York, caused the dulness which prevailed
in the stock market In the afternoon. As fur as
learned the meeting has progressed hnrmoni.
ously. There can be but little doubt from what
is known that the presidents are unanimously
in favor Of advancing rates both east and west.
The chief matter of discussion seems to have
been whether TO restore rates first and then
form u pool, or TO wait until pool Is formed
| before the advance of rates Is made. IL Is be-
lieved that money pool will be formed. The
Grand Trunk line was fully represented, and II
Is said that the road Is In iull accord with the
movement to advance rates and form pool.
The senate bill to amend the railroad com.
mission law came up for discussion in the
Georgia house of representatives yesterday
II gives railroads the right to make rates nnt
unless complaint be made, the commission ha
10 right to pass upon them. In case of com
plant the commission Will hear argumen
from complainnnts and tho railroad, ana II
the event of dissatisfaction with thg decision
right TO appeal 10 the courts. 1t is though
that tn. bill will be amended in the house g
as TO give railroads the right to make thei
own rates, which shall not be subject to, re
vision by the commission except in cases wher
complaint is made. The right of appeal to
jury win bc stricken out, aud the decisions o
The commission will be final. This is the mos
important measure before the legislature ant
is attracting the attention of capitalists anC
railroad men generally.
Judge Charles j. Brown, of the supreme
court has rendered a decision In the fore
closure suit of the United States Trust Com
, pany against the New York, West Shore am
, | Buffalo Railway Company, aud entered de
cree of foreclosure and sale BY tho dc
cree Abram S. Cassidy, OF Ncwbur2, Is up
pointed referee TO sell the property Of the road
II dire cts him to sell the same at the cour
house in Newburg. The law requires him !,
chaser must pay enough In cash to liquidat
all receivers certificates and notes ana thel
other obligations generally. Tho decree pro
vides that the balance of the purchase none
may be paid by delivering bonds OF that CON
, pany to the referee at the price which tn
Lolder of the bonds would be entitled TO receiv
out of the purchase money Oh its distribution
1t directs that the property shall be soldio
not less than So, 900, and thnt If no bid 70
that sum Is made the referee shall adjourn lh
sale from time to time until further order.
r the court. The decree directs that the proI
|. erty be sold, subject to all existing liens, 70
purchase money, aud subject to all unpai
taxes; the sale not to be absolute unless COZ
fifmed by the court. George G. Holt, of Ne'
, York is appointed referee TO take proof as I
what obligations of the receivers are oustant
ing, aud TO report the same to the court withor
0 delay.