National Republican., 1885-09-02
RAILWAY NOTES.

In accordance with nh agreement entered
into between the Gut, Colorado ana santa FG
Railroad Company and the knights of Labor,
business on that line has been resumed.
The trunk line passenger committee Mt Chi
cagn has decided not TO make any nlvanCc ~
this time in rates from Chicago to New YORK.
The presence of cheap tickets In the marEct
was the reason assigned.
Patrick Mulcns aud Daniel Donovan, 500.
tion hands, were instantly Killed yesterday
morning by being run over by an engine on
the Rock Island railroad. Two others were
seriously injured. The engineer is under arrest
on u charge OF criminal carolessnesA
The report that the Pennsylvania Railroad
Company had arranged to obtain control of the
Pitlsburg and Lake Erie and the pittsburg,
McKecsport and Youoghiogheny railroads Is
officially denied. President Roberts, OF the
Pennsylvania Railroad Company, says that
the story Is false from beginning to end.
The Secretary Of the Interior has rejected the
application Of the 81. Paul, Minneapolis and
Manitoba RailrOad Company for indemnity flr
i2O ecrcs;of land under the act of June y
1874, for the reason that the tracts for which
indemnity is claimed were within the indcm;
nifty limits OF the grant to the COMPANY. and
has never been selected by It,
The articles of incorporation ofthe Waterloo
Decorah and Wisconsin railway have been
filed with the secretary of state OF Iowa. Tho
capital stock is placed at sl0,01O,OJO The line
Will run from Waterloo to DEBORAH, Winne-
shick county, Iowa. and thence to Ia Crosse,
corah Monday TO mako the preliminary sur
yeys.
Col RCdiicld Duryoe, asst ant chief record
division, Office of the Secretary of War, after an
honorable service of nearly twenty years, has
voluntarily resigned TO accept position in the
executive office of the Baltimore and Ohio
Railroad Company, rendered him by President
Garrett. In q personal letter Secretary Endi-
colt expressed his regrets Mt Col, DuryGe's sew
erance from the public service, and wished
him prosperity in his new field OF labor.
An expert accountant from New York Is at
81. Louis eHnminingthe accounts Of the Wabash
railroad: with the special view Of ascertaining
the condition and money earning capacity of
the Eel River branch one of the leased lines
OF the Wabash. The examination Is being
made ostcnsibly IN the Interest of the bond.
the report is favorable the line. which Is
nincty.lhpc miles long and extends between
Loglnsporl and Butler. Ind, viii pass into tho
control OF the Lake Shore and Mlchigan South
ern before the year Is out
The Pttsburg Chronicle. Telegraph says II is
reported by those well informed that Mr.. Van.
derbilt has sold his Pittsburg McKeesport and
Ioughiogheny railroad stock and bonds to per-
sons In the interest of the Pennsylvania rail.
road, hut retains for the present his interest In
the Pttsburg and Lake Erie Railroad Company.
This contradcts the statement that the Pitts.
burg and Lake Erie company had sold out It
is intimated, however, that a traffic arrange.
ment has been agreed upon between Mr.. Van
derbilt and the Pennsylvania lines, and that
hereaiterthey will work together harmoniously
us TO rates.
Regarding the reduction in the dividend on
the preferred stock of the Chicago and North
western Railway Company, the following OIL
cial statement Is given out for publication:
THE change in dividend does not arise from
any decline or loss In the business and profits
OF the company, as the two months, Juno and
July, Of the new fiscal year show better net
results than during the same period last year.
The change Is made rs part Of the conserva.
tive policy OF the company to keep its affairs In
good shape and It's finances strong, and to in
crease the surplus of net earnings as a guarantee
of the future. and for the improvement and
bctterment of the property. In the present
condition ofinvestments the payment of per
cent. on the preferred and per cent. on the
common stock will afford a good return to
stOckhol ders and does not depreciate the value
Of the property"