New-York tribune., 1886-04-23


HUNTINGDON. Penn. April % (Spectab. b.-Phadelphia
capitalists have offered TO build railroad from Maple
ton Station the Pennsy ana road to Rocky Ridge,
Cassve. this county, II the right OF through
Smiths Valley be obtained without cost. The PROPOSE
ton has been accepted by the people OF the Valley and
committee has been appointed to procure the necessary
grants from landowners. This road will reach unde-
veloped part OF the Broad Top coal fields.
PHILADELPHIA. April 22.-General Wistar, the chair
man OF the Texas and Pacific REORGANIZATION Commit
tee view Of the fact that the committee yesterday
failed to reach agreement has announced his nten
tion meeting OF the Eastern Division bondhold.
Meanwhile the consolidated mortgage bondhod-
ers are considering other propositions among which is
from the Iron MDuntan Railroad Tha latter COM
dated bonds bond of Its secured by the addi-
tiOna collateral deposit in trust company OF all
asscnting consolidated bonds This propose! seems TO
be iavorably received
CHICAGO. April 22.-Judge Gresham. in the United
States Circuit Court to-day, settled the final Of
foreclosure and sale of the Louisville Evansville st.
Louis Railway Air Line Company foreclosure suit
OF Butler ct al trustees The decree forecoses under
frat and second mortgages on the main line OF
$1,000 900 and $1,000 600 respectively. The road is to
sod June next at w-AlbaDy Indiana by w I. Fish
back OF Indianapolis and Mr.. Jones, OF Springfield.
the main line from Louisville 10 New Albany.
TORONTO, Out, April GA cable dispatch to The
GLOBE from London says: THE report OF the Grand
Trunk Railway shows total decrease In the net receipts
for the half year OF $3.50 900 This decline attributed
to the depression trade the OF and
OF trahc caused by the smallpox epidemic in Montreal
The directors, however, consider the OF
the company TO be III a satisfactory condition"
LOUISVILLE. April % (SpecioDIt is published here
that upon the VISIT this city Of Extne Norton.
first vicepresdent OF the Louisville and Nashville the
salary OF the president. NJ. H. Smith, was raised from
$4,000 TO $4,000. while the other hand is said
that tbe earnings OF the road almost steadily
decreasing since October 1854. Twice this year the de-
crease Aas exec, ded $4,000 week.
PHILADELPHIA. April % (SpoeiaL. Judges McKenna
and Butler. in the United States Circuit Court, this
morning denied the motion for preliminary injunction.
made oil behalf Of the Pullman Palace Car Company
have the Central TrsDspOrtation COMPANY restrained
from prosecuting IT'S action 10 recover instauents
OF rental reserved III the original contract between the
TWO COiDpaues.
The trunk line executive committee met o committee
of the Central Traihc Association yesterday Commits
eioner Finks Office and discussed technical details OF
organization To bring into harmony the trunk line
and the Western pool systems No action regarding |
pools or percentages was taken
No Instructions have yet been received by the agents
here Of the sunset and the Union Pacific Railroad
10 advance freight rates TO the Pacific The Union
Pacific still Is practically out OF the market for this
business and with the Atcbison intending restore
tarin Monday the fight lies between the Huntington
system and the Pacific Mail Steamship Company. A.
the latter is engaging freight at the
there likelihood OF the Sunset advancing its tan
before May or before the sailing OF the next Pacific
Mall steamer