New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-18
q better feeling among the roads and larger pros
pect of profits on the business Of the winter

THE EAST TENNESSEE LEASE NOT OPPOSED.
The control Of the East Tennessee Virginia ann
Georgia Railroad was surrendered to tho kichmoh"
and Danville yesterday. The terms Of the lease haVo
been published Annual dividends Of 5 per cent OH
tho first preferred stock guaranteed by tho Rch
mond and Danville Company, and the proportion y.
earnings after the payment of fixed charges anu
guaranteed dividends ranges from 33 13 per cent ior
two years, TO 80 per cent at the end of the agreement
1t feared that the foreign stockholders wouiu
obtain an Injunction against the lease but these iea
not realized. The proxies received by the IN
siders largely in of the required amoun,
In anticipation of the result the management OF the
property turned over TO the Richmond ana lan-
villc without delay.
MISCELLANEOUS RAILWAY INTELLIGENCE
Philadelphia Oct II (Special).-At the Reading hAii
road that the relief plan adopted by ne
company would discussed public meeting at Read
ing on October 30 President Corbn will offer constr
tuition containing suitable rules for the government OIL ~
association fortyve years OF age can become
members provided they send In their requests Deoio
March at The government the association Is left 10
board OF managers consisting OF one from each DIVISION OF
the road three appointed by the directors ana he "ee
Manager Of the Reading road
The Commercial Exchange has unanimously aereen 70
aid the Reading to the right from Councils 70 ouu
an elevated road Twelfth and Market sts' Msan"'
the Reading continues along the proposea
The Downingtown and Railroad Company have
inst entered mortgage 100000 In favor OF VICE.
President John F. Green, OF the Pennsylvania Raoao -
trustee given TO secure ohe is'u' Va
bonds Of that amount proceeds Of which Will De use
for improving the present line and constructing eA"''"
Chicago Oct 1.-THE general managers composing 1h'
conference committees Of the Central Tramc AssocO,
and the lines OF Chicago, appointed for tho
OF agreeing upon a OF interchange OF passenger o
ness today discussed the proposition OK the "esVei"
that ther tickets shall be placed in the East without par
,,a,v or in other words the boycott a2ahst .'
Chicago and Alton shall he lifted. The Ceh'rsi ram
Committee took the ground that IL couu n'' ''ep -
proposton without consulting the trunk nne n'an"s
and ascertainng whether 1t acceptable to them ~
ITO final action could be reached the niee""s "'''
subject to the call OF the chairman.
1.hnem,np Mich, Oct II CSpeclai).-Jay A. Huboeh
c,o.,o wripbt and twelve other residents OF Hough'oh
and Hancock are incorpOraors OF the Northern "i'His
Railroad Company, which will build iihe seventy ~
long from IIoughton Watersmeet connechs 'r' 'op
per district and the Gogebic Iron Range anu
hitherto inaccessible rich copper district In ohAe
and Hougbton counties The line is now being surveyor
and work will be begun In the spring.
Indianapolis Oct II (specaD.-The nineteenth ahi'us'
meetins Of the Bee Line Railway Mutual Insurance AZ
sociaton composed Of employees OF the railway conp'",
was held here tonight and was well attended ihere "
now ooe members and Official reports snow Una.
rrng the wear s14lS5 was paid the benefciares OF
railroad men who died from accident or disease Inc
cost per member average OF 81 70 per moh'h'
Since the organization 1t has paid assessments announcing
TO 1885,. .14345.
St. Louis Oct 17.-oscsr @. Murray general freight
traffic manager Of the Missouri Pacific. has resieneo 10
accept like position with the Big -Four and chesapeake
and Ohio with headquarters at Cincinnati.
New-Haven Conn, Oct lime n'he I
Of new track between DeroJ ana Do.s
ford connecting the New Haven and Derby road with
the Housatono Valley road and giving this city west
ern Quiet tthe only controlled by the Con.
solidated road), was formally opened to-day.