National Republican. (Washington City (D.C.)) 1872-1888, 1885-10-10
RAILWAY NOTES.

The Railroad Conductors Life Insurance
Association, in convention at Denver. elected
Frank Chaplin, of Boone, Iowa, president
In the case of J. NJ. Haven, ex-treasurer of
the Rutland railroad, charged with the fraud
ulent overissue of stock, the Jury at Rutland,
VT, returned verdict of not guilty.
The Nickle-Plate bondholders committee
state that the committee have secured q sutii-
cient number of bonds to purchase the road,
and steps to that end Will be Immediately
taken.
A west.bound freight train on the Texas and
Pacific railroad was ditched and badly
wrecked ut Minneola Wednesday night The
engineer and one brakeman were seriously
injured.
The South Pennsylvania examination was
resumed at Philadelphia yesterday a. J. Drexel,
ii. Mex. Twombley (son-in law ofW. K.Vander-
bilt), Jacob Brown, Joseph Candor, Myron Arm
strong, and Others giving testimony. The hear
ing will be continue today.
The Pensacola and Atlantic Railway Com
pany asks that its S3,000,OO0 first mortgage
per cent, bonds be listed on the stock exchange.
The bonds are secured by first mortgage on
the line of the Pensacola and Atlantic com
pany extending from Pensacola Fla, to the
Apalachicola river in Florida.
A handsome brick building, costing g9s, 900,
was presented to the wOrkmon Of the Keystone
Bridge Works on Thursday by Andrew Car
negie, OF PlttsbuTg one Of the heaviest stock
holders IN the concern. The building Is to be
COO for tho purchase OF books.
Having reached a stage In their deliberations
where a consultation with the representatives
of the various interests was required. the re-
construction trustees of the Philadelphia and
Reading Railroad Company held q conference
yesterday with tho receiver, managers, and
BaTtol and Whelan committees. There were
present George Deb. Keim, president and re.
cciyer; Messrs. J.. d. Lockwood John b. Gar
| Teit, and James A. Wright, of the Bartol com
mitce Messrs. H. S. Whelan, Thomas McKean
| A., J, Antelo, s. II. Shipley, and Wharton
Barker Of the Mhelan committee; aud Trustees
f. 2. Knight, Thomas Cochran, II. A. Dupont,
and il. +. West. AS the other trustees are
| members OF committees already named, the
| only absent trustee is b. IL. BaTtol. The tru3.
| tees have not made public any conclusions that
they have arrived at but they admit having
arranged the framework oftheir plan.
The supreme court Of Minnesota has decided
test case involving. the taxation Of 10000
| Paul and Sioux City, valued at the time OF
| their disposal at S2,iO00UO. The district court
| Of Hennepin county had granted perpetual
| Injunction, restraining the collection Of taxes
| on the land in question, thus adopting the
company to the effect that the special preferred
stock or land stock, issued In 1871 to holders of
| common stock, was in the nature of mort.
| gage given 10 secure indebtedness from the cor
poratlon TO the stockholders, the road claiming
| that when II issued this stock aud gave ont
| the land II was for the purpose of Increasing
| It's capital, aud that the land was simply given
| as security on money advanced. The state In
! It's argument held that the disposition of the
| lands IN the above matter had the effect OF n
and that, therefore, the lands were taxable.
| This latter contention Is now virtually sus-
| tanned by the decision OF the supreme court in
granting now trial.