The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1888-09-27
THE RAILROADS.
Sale of the Houston and Texas
Central at Galveston.
The Central Traffic Association
VIII not Meet this Month.
Other Items of
Interest.

The Northern Pacific has ordered
eighty-fve locomotives from the Baldwin
Locomotive works of Philadelphia.
The st. Joseph, st. Louis and Santa Fe
1.-THE st. Joseph branch of the Chicago,
Santa Fe and California; has received ten
new freight engines.
The Louisville, New Orleans and Texas
has contracted with the Birmingham
Foundry and Machine company for the
rebuilding of thirty engines.
The Baldwin Locomotive works have
recently delivered to the North Hudson
Railroad company two dummy engines,
to be used on the elevated road at
Hoboken ferry in case of accident to the
cable.
The Alabama Great Southern has filed
at Chattanooga, Tenn, mortgage for
100000 sterling. 1t is in favor of the
Central Trust company, New York,
trustee, and is to provide funds for ext
tension and improvements.
j. II. Sowder, soliciting agent of the
Texas and Pacific at Fort Worth, will go
to Denver with W. W. Finley and take the
position of contracting agent of the Pan
handle at that point. This will make q
vacancy at Fort Worth.
c. R. Fitch, assistant superintendent of
the Long Island railroad, resigned Satur-
day to become superintendent of the west
ern division of the Erie railway.
Vice-chairman Daniels has issued a
notice to Central Traffic association gen
eral passenger agents, stating that there
are no subjects of sufficient Importance to
require September meeting.
The commissioners report shows that
the roads in Michigan in the first six
months of 1888 earned $S6,770,950, an in
crease of $449,S19 over the earnings of
the corresponding period in 1887.
| Four companies are now seeking COIL
nection across Colorado with the business
of Utah and the Pacific coast. Some of
them threaten to buid their own lines,
while others are DESTROYS of securing good
connections.
The Houston and Texas Central was sold
on September s, at Galveston, Tex by
Charles Dillingham;, one of the receivers,
nnder decree of the United States court
The main line and all its branches, except
the Waco and Northwestern branch, was
sold to F. p. Olcott of New York, presi-
dent of the Central Trust company, for
! $IO,5S000O. The Waco and Northwestern
branch was sold to George q. Downs, of
New York, for $25,000, subject to first
mortgage of $1,140,000. The Central
Trust company is party to the proposed
reorganization of the company, and in the
articles of reorganization is named as
purchasing trustee. The plan of reorgan-
ization, which is acquiesced in by over 60
per cent of the mortgage bondholders, is
to reorganize and reincorporate the COM
hpany, issuing new bonds for those out
standing, the interest on the new bonds
being guaranteed by the Southern Pacific
company. The new company is to be
organized with a capital stock of $10,-
100000. Under the terms of the sale
100000 had to be paid in cash and de-
posted with the register of the court.
The Kansas and Arkansas Valley road
has been opened for business. This line
connects Van Buren,, Ark, with Wagner,
I. T., and forms direct connection be-
tween the Missouri, Kansas and Texas and
the Little Rock and Fort Smith. The fol-
lowing are the stations: Van Buren,
junction, Ark; Mu!drow, Sallisaw, Wan,
Illinois, Braggs, Fort Gibson, Wagner.
A dispatch from Lincoln, Neb., says
The Missouri Pacific has filed articles OF
incorporation and consolidation covering
its lines in Nebraska. This action i:
J taken to comply with the constitutions
} requirement that prohibits foreign cor
poration from exercising the right of EN-
inent domain in the state without frs
complying with the state law. The re-
cent de cision of the courts that has pro
: hibited the road from condemping anG
acquiring title to right of way, has led, IL
, part, to this action of the road, an 5tht
J attorney general of the state has also
} given notice that if foreign corporations
J do not incorporate, they will be forced tc
} do so by process of law, or else forfeit the
rights of way they were occupying,
Official notification has been received a
Kansas City of the advance in rates from
Missouri river points to Chicago. From
September 25 to 30, inclusive, the rate OF
cattle will be $50 per car, and lines east o
the Missouri river are expected to taxi
not less than their due proportion of thu
$50 from points beyond the Missouri. b,
October lines must restore rates to suci
: a figure as will allow eastern lines thei
luSJ prOpOTUlOu. HIS VIII lolOO wv low
up to $50 per car from Western points
On September %, until such time as thu
tariff can be permanently arranged on
basis of weight, the rate on hogs in single
deck cars will be $40, in doubie-deck carr
20 cents per 100 pounds, the minimum
wsight being $4,000 pounds, which /
+; equivalent to refusing to carry any double
l deck cars for less than $44. After tn
; basis of weight has been established tn
rate on hogs will be 20 cents per 10
weight. Sheep are carried at the cam
: rate as hogs in sipgle-deck GERS, while tn
:, rate on double-deck cars is the same a
for cattle.
. Messrs. Duncan, Forsyth and White
\ head, of London, representing the Euro
) pean bond holders of the Kansas City an
Sabine Psss railway, left st. Louis Satur
day after tour of inspection over tn
. road. They expressed themselves
q much pleased with the future prospects
Il the new road, and stated that 100000
q of the company's bonds would be take
, by their European constituents. Tn
- new road will be built to the souther
!" boundary of Missouri by January 1, an
:. will intersect the Missouri Pacific g
) Foster, the Fort Scott at Lamar, tn
:, Memphis, Kansas aud Texas at Ellis, an
J the Frisco at Fort Smith. The followin
II officers have been elected: Vice-presi
III n.k~ an,