New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-23
RAILROAD INTERESTS.
AIMED AT THE RICHMOND TERMINAL.
BILL NOW BEFORE THE GEORGIA LEGISLATURE
THE EAST TENNESSEE LEASE

|
Philadelphia Nov. % (spcclaD.-A prominent Phil
adephia capitalist, who is largely Interested In the
East Tennessee said this afternoon Tho decision ID
the suits Of the second preferred and common stock
holders of tho East tennessee, Virginia and Georgia
Railroad 10 defeat the proposed lease to tho Richmond
| and Danville Company will DO announced Saturday
Those interested In tie East Tennessee arc confident
that they will win. Since the publication OF the cir
cular signed by the leading holders OF the East Ten
ncssee a largo number of proxies have been received
by Dick Brothers Co. and n. Thoroun, OF this city
| Blake Brothers Co., OF Boston and New-York ;
Dick Brothers g. Laurence, of New York, and william
| Winchester, of Baltimore, who were appointed for
| the purpose by the stockholders.
There is strong feeling all the South against
| tho Richmond Terminal combination. bill has been
introduced In the Georgia Legislature to prevent rail-
road corporations from buying enough stock OF other
| railroads to destroy competition Tho bill Is In
tended to break up the Richmond Terminal comblna-
tion by forfeng the charters Of the Georgia railroads
controlled BY the Terminal syndicate. The reformers
Of the bin propose to give to minority stockholders
of which forfeited. Under the provisions Of the
Line, the Central Railroad Of NowJcsey and the
Georgia racine VII De REQ me OH Ti ca ne
bination and a stubborn fight Is expected.
| WAITING FOR MANAGERS TO PUT UP RATES.
The dilgent searcher for railroad settlements ycs-
aoat than could be attended to easily but information
| vas as as the rmors were numerous. No
| announcement was made Of the Southwestern deal
| which Commissioner Mldgely's supposed visit here
expected to clinch, and Mr.. Midgely and HIS
friends preserved a becoming mod,sy while their
friends assured other friends that satisfactory and
encouraging progress being made toward the re-
moval OF one important element Of friction In the
rosperous operation Of the railway systems Of the
ountry.
In trunk line circles change IN rates was re-
por,ed and Instead of being satisfied that the tendency
10 reductions has been stopped, some rmor mongers
insisted upon spreading statements supposed TO indl-
cate an immediate advance I'm tariffs. President
Depew of the NcwYork Central was reported TO have
gone to Philadelphia to confer with President Roberts,
Of the Pennsylvania and dispatches from Philadelphia
expressing inability TO find Mr. Depew there were
nubsbed by Wall Street agencies before the denial
could come from the Grand Central station that Mr.
Depew had not gone to Philadelphia and ddn't ex-
pect to 60.
Great comfort was expected from tho recent visit
OF representatives Of the Grand Trunk Of Canada 10
This city and their commitment to the desire 10 see
rates advanced and their willingness to abandon any
arbitrary position on erentia rates without giving
mn The principle II is difficult to find railway man
who is not eager to have tariffs put up; even before
C1mmcrcc law, but stockholders are calling for tn.
railroad manager who viii act on the theory that
PRESIDENT LORD on NEW ENGLAND RAILWAYS.
BOSTON. Nov % caD-PIesident Lord Of tho
Boston and Maine says that the committee, composed
of samuel c. Lawrence, Amos Paul. Frank Jones and
C. c. Lord, has not been appointed TO examine the
accounts of leased lines, but to where expenses
can be reduced without detumcnt to the general
service. President Lord further says 1.-THE accounts
are so complicated that 1t Is almost impossible to tell
to what extent earnings have increased over last
year. The Central Massachusetts was opened In
January 1887, for through business consequently 1t
was operated by the Lowell for only nine months
The Northern was operated By tho Lowell from Sep
TENDER 80 1886, to July /, 1887; from that date
until January l. 1888, by the Northern people, and
from then on By the Boston and Maine Consequently
comparisons with previous years arc meaningless AS
far as Eastern assets are ,nccrned they pledged
tho Boston and Maine-that Is to say the Eastern
cannot sell them any than they can sell the
railroad. Maine Central shares and Portland and
Oglcnsburg shares the only really valuable assets
The Portsmouth, Great Falls and Conway, and the
wolfboro pay dividends, and are worth only what
they contribute to the Eastern earnings The land in
which the station stands. 1t Is necessary for the
railroad and could not be Sold
MISCELLANEOUS RAILWAY INTELLIGENCE
Boston, Nov. 22.-The annual financial exhibit of
the Fchburg Railroad Company given to the Railroad
Commissioners. shows total income for the last fiscal
OF S5,4O329S against "a the previous
year. income s1,2eeo9s. against sios0e67 in
1887 surplus deductng dividends rentals interest," etc..
1896, 49, against e2s1. GA in 1887.
bill in equity brought before the full bench
Of the Supreme Court to-day by A. G. Pettbone and
Others against the Toledo. Cincinnati and St. Louis
Railroad Company and others This road Is Of those
the stock OF which is held largely in Boston, and caused
so much recently. The plaintiffs ask that the de-
PENDANT subscribers the defendant corporation certain
subscriptions that IT settle with the plaintiffs
Chicago Nov 22.-Tho Railway Passenger and Freight
Conductors Mutual Aid and Benefit Association Of the
United this morning The subject under dis
cussion amendment TO the constitution admitting
the Mexican conductors. Technical difficulties were In
the way OF speedy settlement OF the question, but the
amendment will probably be adopted before the close Of
the convention.
Philadelphia, Nov % (Special-The Baldwin Loco
motive Works have Just received contract from the
Argentine Republic FOR thirty freight passenger and shift
ing locomotives be delivered early next year. They
for the Provincial Railway. The works filled
large contract FOR locomotives for the Argentine Re
public in 1882 1888 and 1884.
The Reading Railroad Company to-day purchased
large of ground near the Germantown Junction,
and negotiating for additional property, on which new
sldlngs will be laid.
Richmond Va, Nov % (spcciaD.-A called meeting
the stockholders OF the Chesapeake and Ohio Rail-
way held in this city to-day The plan OF reor
ganzation OF company adopted in February, and the
act OF the Virginia Legislature authorizing It, so far
as the OF the State concerned were laid
before the meeting and they were adopted. The plan
reorganization Involves the issue OF bonds for
outstanding stock amounting TO 49, 229 shares This
State nearly one-half OF these shares
indianapolis. Nov. % (SpeciaD.-The annual meeting
of the stockholders the indianapolis Decatur and
Springfield Railway Company held in the city to-day
r. B f. Pierce elected for the first merit
gage bonds place OF John j. Crane. deceased. The
following directors three years reelected:
Stephen Thsyer and Thomas b. Atkins Of New York;
John X Warren, Of Decatur, i'll. Al n meeting Of the
dIrepf NJ IL r. Hammond. oil
re. elected president OF the company and Thomas u.
Atkins, Of NewYork, secretary and treasurer.
Boston, Nov 90 (SpeciaD.-The New.York and Boston
Rapid Transit people they know nothing Of claims
which Boswck and his party may have upon the New
York and Connecticut Air Line, which Is the NewYork
and Rapid Transit Company In the State OF Con-
nectcut The latter company say they 90 per cent
Of the Connecticut Air Line stock.