National Republican. (Washington City (D.C.)) 1872-1888, 1886-01-16
RAILWAY NOTES.

The Virginia senate passed yesterday bill
10 incorporate the Roanoke and Southern rail-
road.
Wall street yesterday was abundantly sup
piled with rumors from Chicago, nearly all
going to show that east-bound passenger rates
were being cut, while statements from New
York were to the effect that scalpers were able
10 sell tickets to the leading western points at
q reduction of one to five dollars from schedule
rates, although no open cuts were permitted.
Judge Bond, sitting at Baltimore as of the
western district United States court of North
Carolina, yesterday begun hearing in the case
of the Richmond and West Point Terminal
Railway against the Danyille, MOckvllle and
southwestern Railway, on an application 10 re.
move j, I. Morehead, receiver the defendant
company. The case, 1t is expected, Will occupy
several days
A bill is about to be introduced in Congress
relating TO proposed reduction OF duty on
steel rails, which deals with that subject in
general terms, and enforces the proposition that
"any well.situated well conducted steel rail
mill, fitted with modern improvements, can ut
$50 per gross ton not only pay fair interest on
capital actually invested, but also reasonable
profit in addition"
The western railroad representatives who
have been In session at New York for the pa.
tive days, worked Yesterday several hours upon
the proposed schedule OF rates ivT castc.n pas.
senger and freight business. II was Conceded
that, unless the roads bound themselves to sus
tain these rates, the east.bound business would
become uemOfallZeu, Inc meeting was n mar
monious one Several committees were ap-
pointed 10 complete the arrangements for the
organization OF the pool. The work OF the
conference will probably DO completed to-day
Judge Gresham at Chicago yesterday ren-
dered a decision IN the important case of the
Third National Bank OF Chicago against the
Chicago, Milwaukee aud ST. Paul Railroad
Company, involving sums amounting to about
$4,000 Judge Gresham decided IN favor OF
the bank, finding that there has been diver
sion Of the funds, and ordered the Milwaukee
and St. PAU road TO pay the demands of the
bank, including the Tabor Judgment, within
thirty days In case this is not done receiver
may be applied for to take possession of this
leased property and operate II for the benefit of
the creditors.
The Virginia house spent two hours yester.
day in the consideration OF the bill incorporat-
ing the Chesapeake, Norfolk and Carolina
Railway Company, which had passed the
senate The bill gives the company large
powers, and was strongly opposed by Mr. Por-
ter, of Portsmouth, and others as dangerous 10
the interests of Norfolk and Portsmouth, and
Is likely TO give foreign companies control OF
Virginia enterprises In the Course of the de,
bate letter from Hon, John +. Dezendorf
| one of the inCorDOratOrs was read proposing 10
| sell a charter of a proposed North Carolina
road, which, II is thought, is destined to con
| meet with this Virginia road when built:
Many amendments were proposed and voted
| down, and the bill as II came from the senate
passed. II now goes to the governor.