The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-04-03
THE BUSINESS BUDGET.
STOCKS ARE EXTREMELY DULL,
Jay Gould Retires from wabalh-TwO
Virginia Banks ClOse-PrOgress of
the Fort Worth & Denver and
Hous ton Narrow Gauge.


Railroad News.
THE FORT WORTH & DRIVER.
WICHITA FALLS, April Especial. l.
The Fort Worth d Denver track is laid
IL miles west of here and it viii reach
the second siding, 10 miles from here,
about next Wednesday, when
the road will be ready 10 handle the
trail cattle, az they will then be west of
all the pastures on the line of the road,
and In open range. Supt. Frost
returned to-day from a trip
up the line, and reported
everything progressing fay0rably. Gen.
Dodge, who is now at Fort Worth, Is ex-
pected here TO morrow to go out
on the extension. II is reported
here that prominent banker
OF Gainesville will open a
bank in the new town Of Harold as
soon As tho road reaches there. Ar
rangements have been made TO have
nearly all lines OF business
time the auction sale of
lots takes place aud number Of par
ties have let contracts recently 10 hav o
their buildings erected ut once, and are
having all the lumber framed and Fl < cd
before the road reaches there, so that
there will DO no delay.
TWO FAST TRAINS.
PirrsBURG, April 1.-Two new fast
trains will be placed on the Pennsylva-
mia railroad next Sunday. They will
make through runs from New York and
Philadelphia and Chicago, on the same
fast time as the limited express.
THE HOUSTON, EAST & wrsT TEXAS.
HOUsToN, April a. Special Track
is being laid ON the Houston, East Il
West Texas narrow gauge between here
and Shreveport at the rate OF nine and 4
half miles ner day. Connection will be
force lacks only i've miles Of compile
ton. Forty miles of track Is to be- laid
and bridge across the Sabine river 10
be put up.
EASIEST IL THE WORLD
PHILADELPHIA, April 2. On Sunday
next the entire train service Of the
POnnsylVania railway east and vest
bound, between New York, Phil
adelphia, Baltimore, ashiugtOn,
Chicago, Cincinnati aud st. Louis,
will DO re-arranged. The old trains will
be quicken8d and now ones added aud
the time Of al the through trains re-
duced 10 the lowest possible limit. I'm
der the now arrangement the New York
aud Chicago limited will leave New
York at 10 n. m; Washington 1880 a m.
Baltimorh ll:lQ n. m; arriving nc Chi
chbO 10 am, Tho next morning. COuSid-
ering the distance covered this liz the
fastest train In the world, Its
tlme from New York TO Cincinnati ia
n hours and 10 st. Louis Is hours
with corresponding reduction t.
other points. IN addition 10 tho limited
time a new fast train, "tho Chicago and
Continental express" will leave New
York mt 6 p. mi Washington, 1905 p. m,
Baltimore, S;2j p. m; making It's run to
Chicago IN 20 hours and 80 minutes
only TWO hours and n half more thar
tho time of the New York ana Chicago
limited. The fast line, formerly
leaving New York at s a. IN
will perform its service Ia much
quicker tine. Tho western express viii
also leave an hour later, but is so quick
ened as 10 gain Il considerable amount
OF time on arr val at western points,
THE CENTRAL PACIFIC LEASE,
NEW York, April 2.-lho following il
the official answer to tho criticisms tina
have appeared ia different papers Ia no
! gard b .he lease Of the Central Pacific
70 the Southern Pacific company: 9TH,
new lease Of Tire Central Pacific doe,
not In any way interfere with its re,
| latlOns 10 the United States govern.
ment or joopardize In the least the pay
meut into the sinking iunC
created by the act OF congress
For several years tho government
| transportation accounts over all IL,
lines have exceeded its requirement.
under the Thurman act, 80 that nc
| further calls had 10 DO made upon tn,
company, Under the new arrange
ment the road will simply continu,
to do tho Same transportation as hereto
fore. The lossee, the Southern Pa
| Cihc, assumes the payment O
all interest, taxes, sinking funds an,
fixed charges, including the annua
| obligations imposed hy the Thurman
act, aud In addition the minimum o
Sl,2O0,0OO increased 10 $3,6O0,0OO, /
earned, Is to DO paid as rental owe
and above the other Disbursements
The government thus has the Sc
curity OF the southern Pacih
company rs well as the Central Pacih
tor It's claims, aud in this respect in bet
tor secured. Tho Southern Pacih
company does not own or lease any
railroads east Oh tho Mississippi river
The main line extends from New Or
leans TO San Francisco, with the Cen
trail Pacific aud some other short limo
in California" tsI
WHAT NEW SCHEME Is THIS?
! CHICAGO, April AT the session u
railroad managers here to-day, repre-
senting the railroads of tho states Q
Ohio, Illinois, Indiana, peunsylyanis
York New aud Michigan, j. III. Dover
eanN, otthe Bee Line, offered resolution
providing that committee, Cousistln
Of soVon or moro skilled an,
experienced men, be appoiute
10 consider tho existing laws gOvarnin
and tu6 practice obtaining lu railroa
construction und operation; tina
whataYor change or protactio
under the law Is found to b
reasonable or requisite tho sane bl 8e
forth ia u pretaoei Sgtpemont, togethe
with all facts OF th9 situation; tina
this bo prepared GA or bolnr
tho lih day Ut July mex
Tho committee shall can a convention
TO meet ut philgielphia, inyitm
Thereto raIuroad managers of th
several sta OK and the Representative
of tho commercial Interests of On
large cities ct the country, tOgatho
WIN representatives ut American lab1
AMI manufactures, thlt th0 nnding, d
this committee he there considered /
convention, tho results OF mntun sua
DO given publicity for tho iufUtmatiu