National Republican., 1885-08-27
RAILWAY NOTES.

The Rome. Wntertown and Ogden tbu-g Rul.
road Company have lcscd tnc niwly.3 Iilt
syracuse, rhuniy and Oswrgb rillrbt1 All
will commence running trains orsr II usNt
Monday.
The Canadian Pacific Railway Com2inyi Is
preparing To pay the gbNcr1m 'iIt the SjDDDD
loan Ui the last Scssio Of parliament 4. Of tn
sl5iUOtOO IN bonds placed Oh tn IN trNi;.
The transaction will be completed ia II few
days.
The Mexican department of public work,
has announced the forfeiture Of the con" '-sioI
for railway from Puerto do LaJls o. PIlrto
Isabel to FrOntcri del NO-tc. TIE yrll.ol.
Guillcrmo Andrddc, also loses sjDJJ frrlit
money.
Work has never been stopped on the limo Of
the South Pennsylvania, but the contractors
were advised by President Snyre sons wclkl
ugo TO stop. Some of them took the alvicc
and some did not. II Is rumOred that all work
is TO Lc ordered stopped.
Drexel, Morgan & Co. announce that holders
Of SiT, $4,000 West Shore first mortgage bon |
have accepted the terms OF the circular of July
70 to exchange the samc for New York Central
securities. The privilege to make such cx-
change expired Tuesday, but holders WIN MY
hereafter desire TO assent tp the Rrsang1ms
mny do 80 by payment of so for elca Sl,OJJ
bond deposited for that purpose
A special dispatch from Chicago states thit
nm agreement has been made by which the
Kansas GUY, Springfield and Memphis rai!ro I'd
is U get G6gS per cent. OF all the business from
Kansas Clty and beyond destined to points
east of lhC Mississippi river and south of ths
Ohio river, the remainder of the east bound
business to be divided between the Chicago
and Alton and the Wabash lines.
Preliminary iuJunc;ipns were granted by the
Daul hin county court of common pleas, In
reSpon,c 10 the bill of equity filed Tuesday by
Attorney General Cassidy, of Pcnnsylvnnia,
restraining the Pennsylvania Railway Com.
pany or its agents from purchasing or by any
means, direct or indirt ct, acquiring control Of
either the South Pennsylvania or the Beach
Creek roads. These inJunctions ure made re-
tufnable Sept s.
The Wabash has given notice OF It's with.
drawal from the ST. Louis east.bound pa4sen.
ger agreement OF July 2, and there IL n prospect
of lively pnssenger.ratc war between the
eastern trunk lines The withdrawal is based
ON alleged irregularities aud cutting on the
part OF the Bee limo and the Vaudulia rOAis.
Tickets to New York are said to have bc,n sold
Tuesday ut Sl7, and the rate Is expected to
drop TO Sli.
1t Is claimed In Wall street that the recent
| advance In the Northern pacitlcs was for tho
! purpose of fnsSlsting the syndicate in disposng
| Of about Sl5,OD,OlO second mortgage bonds
| taken by II sometime ago and that the profit,
| on the recent heavy shipments of tea to this
| country which came over the Northern Pacific
| rOnd about which there has been u go)d deal
Talk OF late. was little or nothing, for the reason
that the Pacific Mail company cut the ocean
| rates nbOut 80 per cent
A comprehensive change IN the freight tariff
| of the Vera Cruz railway includes n heavy
| reduction in the rates upon great number OF
articles which nro largely imported from tho
| United States The change has been Una Il
nvowcdly for the purpose of successfully com.
| pcting with the American railways. This 1,
| the first decided move against American rail-
| way competition, and the mercantile commu-
| nifty of Mexico regards the change with salts.
| faction, hoping that n sharp competition will
| bring about n war of freight rates AMI Sill
| further reductions
The New York Herald states that "the heavy
| pfl l.a ia NIL
| from Chattanooga to all eastern points by tho
| Western and Atlantic and Piedmont Air Limo
threatens to precipitatc general southern rate
! war. The cut was made on account of tn ,
| heavy cnt In passenger rates made last wee (
by the lines at Memphis. The Western aud At.
luntic charges that its rival, the East Tennes.
| sec, Virginia and Georgia, was responsible for
that cut, and thcrcupon made the present cut
i'll retaliation. A meeting of the general p IS
scnger agents OF southern lines VIII b3 held at
Atlanta to-day with n vlcw of adjusting mat
tiers, but y is not likely an agreement will be
| reached"
The statement of the business of all lines OF
| the Pennsylvania Railroad Company cast of
| Pittsburg and Erie for July 1885, as compared
in gross earnings of SS03, $50; II decreas. In ex-
penscs of sI20l3 decrease IN net earnings OF
S23l ,06I. The seven months of 1885 as com
decrease in gross earnings Of s!,ai7,G a
decrease In expenses OF Si9l,lS7; II dc.
crease in net earnings of SSl34i9. All
|
months Of 1855 show u deficiency in meeting
nll liabilities of sj,Ol3,Gij being an increased
deficiency, as compared with the same period
of 1881, OF Si0O.is5.
A special dispatch from Chicago was crcti.
lated in Wall street yesterday stating that the
| Wisconsin Central railroad had purchased
1000 tons of steel rails from the North Chicago
Rolling Mills, at S26 per tou. This was consid-
cred rs n very remarkable commentary upon
the prices Of the eastern companies. The
president OF an iron company Is quoted rs say.
ing 1t is possible that such sale was made
some time ago, but not since the Long Branch
meeting, at which It was unanimously agreed
TO restrict production. II is known that at tho
Long Branch meeting there was q general un.
and 1t Is understood that steel rails cannot now
be bought in Chicago under $50 per ton, an
probably not at that price.
1t has been discovered by detectives that the
various railroads leading out of Boston, and
many OF western connections, have been eS-
tensiyely swindled by Patrick Fitzgerald. II
| appears thnt the work of printing railroad
tickets in the vicinity Of Boston is controlled
by one firm, which makes specially OF rail
road printing. Those tickets which had been
thrown aside for various other reasons. were
sold as waste paper to paper manufacturer
| Fitzgerald was In the employ of the paper.
making firm. Railroad tickets that were only
slightly defective were distracted by him and
sold TO pawnbrokers and Others, and then
through various channels disposed of to tray,
us neither would the railroad officials. Ftz
gerald has decamped. The extent of the
| swindle is not known, but 1t is thought that
II has been carried on for long time, aud that
large quantities Of the bogus tickets have been
disposed of.
Relative to "the railway queJtioa," the San
| Francisco Chronicle says that "a part OF the
business depression is due TO the partial cessa
ton of railway building-not to the reduction
III railway freights. In each OF the years 1889
1881, 1882, and 1853 Poor's Manual reckons that
| Sl20,000,O00 was spent In railway building. In
1884 the number of miles built was reduced
one.half and the amount spent fell from Sl2)
100000 to SG00O0,000. 1t stands TO reason that
this large reduction In expenditure for railway
construction involved diminished demand
for labor and materials and that the diminu
tion would alone account for part of the dull
ness Of trade of which people complain, PooI
reckons that the railway builders of the past
| four or live years issued securities at the rate
OF two or three dollars for every dollar in
vested. lie calculates that the first cost of the
new roads averaged about $4,000 or $1,000 q
mile which was swelled to $4,000 as new
equipment was acquired, iron bridges built
&c, But to represent this outlay, the listings
at the New York stock exchange amounted K
100000 a mile. Here is where one of thu
grossest wrongdoings of the railway men come
IN. They water their stock and bonds and
then they demand that the public shall pl,
them interest OH the water"
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"THE Golden Eagle Clothing Store"