New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-13
and unknown gay We have every desire thu. tn.

practical operation Of the two roads should be conducted
having tried plan of closer alliance with such
tnae results we should . hesitate before our
which continues to be manifested In many ways by
Denver and Rio Grande 70 induce the Denver western
bondhoders to accept their PLAN makes plain that tho
behalf Of that road. at the sacrfcs Of the Denver
Western" All that the . denver" Coppell scheme
gent and problematical But you have now binding
promise from the Donyer Company to gay you per
ance all the earnings which first mortgage lien at a
low rate on you own rosc secures to you Their interest
dent enough but 1t is getting to be every day moro
difficult to obtain ~ell-secnred railway bonds bear1ng6
Per cent interest especially when backed by nearly
seventy millions of common and preferred capital
own property can avoid. it is hoped that you will rate
your bonds at their proper value ana by tho
yourseIf permanent first mortgage upon an portant
link In trunk line route on which yours Is the only deot
The funding scheme proposed by President Palmer.
which the scaling of the interest on the bonds
until September 1850, has been assented to by more
than half OF the outstanding bonds The amount OF
coupons deposited with the trustee in comp with
the terms OF the agreement 10 DOT stated
MISCELLANEOUS RAILWAY INTELLIGENCE.
former directors OF the NewYork City and North
en Railroad Company were reelected Yesterday.
The annual meeting or the stockholders OF the Kings
County Elevated Railroad Company held yesterday
q. A. Gilmore James JOurdan, Harvey Farrlngton IL
A. Abbott. Samuel ThOrne, James Q. Sheldon, George
Shea, Henry J. Robinson and Wendell GOODWIN. Inc
financial statement showed that 10 per cent OF the
bonds had been paid in, amounting TO S275.OOO. Tho
directors elected these officers; President GenSral
Gilmore vice president General Jourian; treasurer
James II. buckingham; secretary. Henry j. Robinson
ExJudge Shea and General Woodford VIII be counsel
the company. Four pillars for the structure OF the
company up in Futon-st, Brooklyn.
BALTIMORE. Jan. IA bill was filed to-day In the
United States Circuit Court by f. n Darling and g. s.
smoot against the Southern Maryland Railroad Com
pany the Central Trust Company Of New-York William
H. Nell b. +. Folsom and ]. H. Lnville. of Philadelphia
alleging that mortgage of $1600.000 was Illegally,
made and that any sale made under the same is illegal
and void object Of this bill Is said to be to set aside
sale of the road proposed to be made tomorrow IN
Court.
BosroN, Jan. 12-At o'clock to-day holders OF
900 Mexican Central bonks had assented to the
OF bonds sufficient make up the required amount Of
Sls0OOOOO assured the planwill certanybe adopted
PHILADELPHIA, Jan. IL Especial. Tho
Pennsylvania Railroad officials that they
ing the cut of the Baltimore and Ohio OF l3 from Wash
ington and Baltimore to Chicago 1t is not their nten
ton to make a cut from any other eastern point This
was the rate before being restored by the trunk lines
The Reading and Pennsylvania Railroad companies
state that tho reduction OF coal prices at New York by
coal com panes tho result OF fight between those
three coal 60 the lowest agures and thus hasten
the formation OF a combination. The PennsylyaEia
companies are not participants In 1t.