National Republican., 1885-05-18
CURRENT RAILWAY NOTES.
Latest Information by Wire from Special
Sources.


Mfr. Robert Garrett has given to Druid Hin
Park, Baltimore, several sea lions.
Jacob Johun. superintendent motive power
and machinery Of the Wabash road. having
resigned. J. H. Barnes has boon appointed to
I'LL the vacancy
IL is stated at st. Louis that tho accounts OF
Joseph WyCkon, of the Mann BondOiT Car
Company, are short 81 ,lt0. Wyckohs where
abOgts are unknown.
There has been some talk Of proceeding
legally In an effort to stop the heavy cutting o.
rates that is being INDUCED In by the trunk
| lines on the northern route.
william II. Vanderbilt, accompanied by bis
son, George w. Vanderbilt aud Dr, J; W, NC
| Lane sailed for Europe from New YORK satuI-
/ day Mr. Vanderbilt is taking the trip ior MS
health. He said he had no business purposes
In view, and expected to be home again I'D
! three weeks
1 Asa train Of branch line OF the Southern
| Pacific railroad was within fourteen miles OF
Eagle Pass, Tex, Saturday morning broken
| culyoft caused the engine to overturn, scalu,
| Ing Engineer Chas. Mills so badly that ne di9u
| In horrible agony few hours aiterward. lie
begged piteously to be shot. lie was native
/ Of Indiana.
The published interview with Mt Wander.
/ bilt In which he admitted indirectly that he
| had been heavy seller OF his speculative hold.
| iugs Of New York Central and Lake Shore and
| la which he stated that he had been very
much disappointed in the prospect Of future
dividends BY those companies, also declaring
| that ho could not tell when the outlook would
/ be better, has had depressing effect upon
| New York Central and Lake Shore In the
stock market
| Tho recent decision of the United states su
I premc Court on the Tennessee bond cases re.
| leases to the Louisville and Nashville railroad
! $4,000 OF Henderson division bonds, which
had been locked up under an option since
1873 The delivery Of these $500 900 bonds by
the company reduced the loans OF the Louis.
| YillO aud Nashville Company outstanding 10
$4,000. The directors completed negotia.
tons for tho return 10 the company Of s2, ,0O0,.
900 Of 1910 bonds hold on option. which would
not have terminated until october next.
4 serious collision took place on tho Phila.
dolphia aud Reading railroad, near solomon s
Gap, saturday afternoon. 4 local freight
train. ON Its way to the top Of the mountain,
met an empty engine coming in the opposite
direction. 10 was impossible to stop on the
down grade, and the engines ran into each
other. Both engines were wrecked. Philip
street, one Of the Oldest engineers on the road
was thrown from his engine and instant!
killed. VIM. Shank, fireman on the freight
engine was Killed at his post. Hiram Bos
sarte and Edward Cole, alao engineers and on
the train at the time Of the accident, were
seriously injured.
An address to the directors OF the Union
Pacific is being circulated for signatures, in
which 1t is stated that tho floating debt hav
Ing been reduced TO an amount which car
easily be handled, and important questions al
issue with the government have been ad
justed, the stockholders feel justified In re
questing the board to take measures to cleai
, of the remaining floating debt 30 that tneJ
may again receive the net earnings which be
long 10 them. IL is urged that these measures
be carried out at an early day IN view of til,
ability of the company TO place tho stock or
Il dividend basis, It having been clearly proven
that the road could earn q per cent on IL
capital during period OF unprecedented de
preston In railway traffic IL is confidently
claimed that enough bonds now belonging Il
the Union Pacific can be sold before July L
pay of the floating debt