National Republican., 1885-11-25
RAILWAY NOTES.

The West Shore railroad was sold yesterday
to j.. Pierpont Morgan, Chauncey M. Depow.
and Asahel Green for s22,OOO,O0O. There was
only one bid.
sey Central lease was resumed at Philadelphia
yesterday. 1t was confined to testimony re-
garding betterments of the leased lines.
The unusually high tide has badly damaged
the Ocean City and South Sea Isle branches Of
the West Jersey railroad and trains are unable
to make connection with the main line.
The report of Gen. Joseph L. Johnston, com.
missioner of railroads II Is said, favors scheme
to refund the debt of the Pacific railroads upon
the general plan of either the Hoar bill or the
bill reported at the last Congress from the Sen
ate Judiciary committee.
President Zimmerman, of tho Chesapeake
and Nashville railroad, says the work of con-
structing the line is progressing very favor
ably; that much larger force would be put to
work this week: that work was to be pushed,
and that the LIST of January, 1887, would sec tho
entire line finished.
While there are many conservative operators
who believe that the Baltimore and Ohio rail
road will ultimately reach New York by its
own independent line, the disposition of Wall
street was TO look upon the matter as one in-
yolving great many delays, and its consum-
nation as too far removed TO have any material
influence upon the market at present.
The gross earnings from passenger traffic on
the Erie road were 50, 106, 707Gl, decrease of
S502 1870 as compared with tho previous
year, or 1901 per cent, but the number of pas.
sengers carried in 1885 was 5,S99, 757 as against
b,3S5GG9 In 1884, or an increase Of 055 per cent.
The decrease in earnings was due to tho de-
creased rates brought about by the fierce COM
l'otition for business and the decentralization of
emigrant rates.
The announcement that Mr.. Morgan had
bought the West Shore property is generally
accepted as an assurance that tho scheme de-
yeloped last summer for the consolidation of
the West Shore and New York Central aud u
restoration OF the trunk line pooling compact
notifications The terms of sale include the
requirement that S5O,0U0 be paid to tho referee
at The time of the sale, and .he remainder of
at the oflico Of the Union Trust Company, New
York, by II o'clock a. IN. Dec. 10, 1885.
The bond and stockholders of the New York,
Lake Erie and Western Railroad Company yes,
suing year; Messrs John, King, John q. Nc
Cullough, j. Lowber Welsh, Cortlandt Parker,
Henry II. Cook. William Libbey William 4,
Wheeoek, william Whiit,elwrighI, George, ".
lam B. DinsmOre, Morris r. Jesup, James J..
| Goodwin, William N. Gilohrist, jacob Hays,
and Charles L. Loew. The annual report
showed that the earnings up to sepLSO last were
SIS, s,93i 572.ll, the working expenses slt,3i7,-
6l6.78, leaving the net earnings from traffic 81,
6S70jjQS, TO which add sl,OO2 G9lGG, earnings
from other sources, which leaves a total of S.,
5S0, 7i7.Gi, from which deduct amount for In,
terest on funded debt, exclusive OF second con
| solidated mortgage bonds, rentals of leased
lines and other charges, 5000 ,siIiO. leaving
| SG3S 0O0.i5, a sum nearly equal to per cent on
| the second consolidated mortgage bonds, the
| interest on which amounts to Sl10j,Sil, max
lug he deficit for the year sl,376,9i3.b5. ThC
| earnings and expenses of the company (includ
| ing the operations OF tho New York, Penusyl
vana and Ohio road for the year, as compared
with those. Of 1851 show decrease IN groS
earnings of g., 702, SG23I Il decrease in woskini
expenses OF 5000 o. and II decrease in ne
| earnings OF SG92,3 ,30l.3G.