New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-15
RAILROAD INTERESTS.
THE READING CONTROVERSY.

hIILhO1 ~ IN EhECIS.
THE READING CONTROVERSY.
| Mr.. GOWEN DECLARES Mr.. GARRETI's LETTER
EvAsIvE-wHAT HIS OFFER TO RESIGN MEANT.
PHILADELPHIA, July 14.-President Gowen,
OF the Philadelphia and Reading Railroad Company re-
turned to his office to-day and in conversation about
Mr. Garrett reply his letter said that the sssump-
ton by that gentleman that the only difference between
the Gowen Board OF Directors and the Reconstruction
Trustees question OF control meant the retention
OF Mr. Gowen president OF the company was enron
edL President Gowen added that he had just received
letter from Alfred suy calling attention 10 the acs
that referred TO he told Mr. Garrett
that he [Gowen was willing to resign the presidency
IN the ot the control OF the property being lett
with and creditors and not with the synd-
cate
We wish the owners and creditors to control It,
said Mr. Gowen, empbaticaly, "whe they desired the
control into the hands OF syndicate lnteresteu
in rival corporations will tell you how my financial
support be ascertained. will submit the names OF
my banker. and the amounts they pledged TO my plan
10 committee OF bank presidents If the syndicate Will
do the but will uOtgiye MY plan to the trustees
FOR their consideration have offered TO resign from
presidency anu them my plan as strongly I'M
derwriten theirs II they Will consent to withdraw Tue
before the public"
Mr.. Gowen declared that his pan had not been mater
rctts Iet was eE'sIse. MS pam NC sAu ~ rs,
ion. would not be published until he nal receyed an
answer 70 his propositions ma in his letter to MI Gar
retL
MONTREAL, July II (Speciab. - Sanford
FlemiS. c. E. has gone to England on behalf of the
Canadian Pacific Railway confer with the Imperial
/ Government and Australian agents concerning the
establishment Of cable communication between Canada,
Japan and Australia, aud 10 ascertain the amount OF the
/ annual subsidy which the colonies would guarantee
Sir Charles Upper the Canadian Commissioner In Eng
land. has also received instructions from the Govern
ment III relation TO the scheme Inc idea Is to lay tne
cable from Nancouver h. C the nee TO tue AIeutan or
the Sand Islands on the Pacific thence to leddo.
xasiralIa ami New Zealand understood that the
cable be lad and connected with the CANADIAN
ton has not yet been arranged
COLLISION on THE NORFOLK AND WESTERN
PETERSBURG. Va, July II lSpeciaD. The
shipments AZ freight Norfolk and Western Rail-
road for months have been heayyas to require
the running Of number OF extra trains. Last night
the conductor OF the regular eastbound freight had
orders TO train going west at Blackstone
Station but forgot orders The that about
one mile east OF Blackstone a collision occurred IN
which both locomotives were wrecked and number OF
freight The loss IL estimated at S9o,oOO hre-
man. William smith, was seriously injured
| MISCELLANEOUS RAILWAY INTELLIGENCE
| PHILADELPHIA July II Especial SO great
were the deposits the Texas and Pacific Rail way Sc
curitIes under the REORGANIZATION plan at the Fidelity
Trust Safe Deposit Company to-day that the regular
business OF the institution was retarded The officers
announced that wOhirds OF the Eastern Division
bondhoers have assented to the plan. At conference
ths afternoon between Robert Fleming and the Wlstar
Committee OF Reorganization the former In behalf OF
the London bondholders. denied that he had gone in
with the RIO Grande bondholders committed I is I'M
derstood the reorganization committee Will hold
meeting Ia Newiork on July 20 10 determine "helner
more bonds shall be received under the pan ana II
Tomorrow being the limit for depostng the stocks
and the Buffalo. New-lorK and Phlladei-
phia Railroad reorganization plan, the Office OF the com
pany In this city has Destroyed all day by share.
holders eager to pay the interest on tner STOCK anu
bonGholders who decided to deposit their bonds
WASHINGTON, July 1.-THE Southern Railway and
Steamship Association net here today in It's twelfth an
nual convention. Senator Joseph Brown. president,
presiding The report OF Commissioners Virgil Powers
read and referred ~ cOmLlttee Iot cohsueE"oh
and report.
Long BRANCH, " j., July II (SPeciaD.-The Traffic
Association OF the Middle States held meeting In
private par or OF the West End Hotel to-day The rep
ressnatlves OF fifteen OF the principal roads OF the
country we're present The meeting called TO order
a. a. m by president John Whitaker. OF the Penn
sylvanla Railroad. " r. Turner was secretary OF the
meeting. The conference adjourned AZ p ID. a..eI
harmonious at which uniform schedule OF rates
was adopted.
SPRINGFIELD, No.. July 14-Yosterdsy afternoon the
81. Louis Coal Railroad aud tue st. Louis Central Rail
way we're sold by Special Master Jones In accordance
with a decree of the United states Circuit Court to
committee OF the bODdhoders Ihe former ROAD Drought
$4,000 AMI the latter S'o'OOo
Only routine business transacted at the meeting
OF the Cleveland. Columbus. Cincinnati
and Indana polls Railway Company at the Grand Cen
tr.l Station yesterday No preference was made to the
question presidency IL 10 not likely that this
matter will be decided FOR several months.
PTTsBURG. July ii (SpecdD The first meeting OF the
railroad pool since its formation was held to-day 10
the schedule room OF Union Depot IL was reported
at the meeting shipment OF ore In the last month
About 10000 Of Southern pl2 has come
into the market IN the last year.
MACON, Ca, July Ii tspcc,ah.-One OF the most I'M
portant brought before jury IN this county
came up In Pike County superior Court last week Ihe
case claims OF fifty moro Of the mer-
aud prOpertyOwneIs OF GAINESVILLE against the
Georgia Central Railroad Company Tor dam
caused by large IRE nearly
two years ago. The which came
that OF j. F. Taylor Co.. who sued for damages
the amount OF $500 The jury finally returned
verdict OF 81 100 for plaintiffs Counsel Tor Tue ue
fence maize motion for new trial, winch wi" We
heard next month.
CHICAGO July l4-At meeting OF general passenger
agents OF East-bodnd roads yesterday the chicago
aud Atlantic joined the Central Traffic Associa'
ton passenger Department.. All Eas[oouhu
from Chicago TO be restored
DROWNED WHILE BATTING
John Riley, age seventeen, OF Clarkson-st. ana
Glove road drowned yesterday while bathing In pohd
lf EIyt. Ile mi the CITY