Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1888-12-14
RAILROAD MATTERS.

dispatch from Chic go says that the
genera freight agent of the Burlington says
the grain movement on that road is heavier
now than for year.
The Northwest railroad is said to have
bought its supply of rails for the next year
OF rates better than those quoted previously.
President Hughitt is reported anxious for
peace among the railroads.
The net income of the Richmond g. Dan
vile company for the year to Sept. 80 was
$753, ,496. Dividends were paid from this
amounting to $25O000.
Missouri, Kansas & Texas receivers have
reduced the debt to the Missouri Pacific from
S75O,OOO to S35O,OOO by the application of
surplus earnings.
Sam Sloan is quoted as saying that the
order to take no more freight over Missouri
Pacific, except at p tying rates, is backed by
Gould himsslf Other southwestern rail
roads will, doubtless, follow, but it must be
remembered, he says, as there is
not as yet any fixed definite agreement
it is uncertain how long the paying rate will
last.
The Chicago & Atlantic declines the pro-
posed Scent differential on dressed
beef, but is willing to accept 616 cents. 1t
will accept schedule rates on other classes of
freight.
A gang Of men is employed in taking up
the rails of the Hudson & Lancaster rail
road, built Is years ago The company
failed soon after its completion, only one
train passing over it. 1t is jointly owned by
the Boston 81 Maine and Fitchburg roads
There is talk in Boston of obtaining
an injunction to stop the further removal Of
the rails.
dispatch says that ST. Paul, Omaha and
Chicago, Burlington g. Quincy have cut
second class rates from so cents to 81 from
Chicago to st. Paul.
The charter of the Fort Worth and Rio
Grande Railway company as amended at
Austin, Tex. indicates the line to be from
Fort Worth to connection with the Aran-
sas Pass road at Kerrvile, distance of $50
miles, and short branch to connect near
Fort Worth with the Gulf, Colorado and
Santa Fe railroad. The capital stock is
$500, 900, and bonds are to be issued not ex-
ceeding $4,000 per mile to take up the cut
standing bonds, amounting to 5000, 900.
Mr.. Depew is credited with saying that
west bound freight rates would soon Ue re-
stored, and in all probability the 10 days
notice of the change would be sent out with
in a week He had seen all but one of the
presidents and all we're in favor of restoring
rates. "We are entirely harmonious, and
east and west matters were never in better
conulUlCn. lnere mas been no disagreement
among the presidents. Whatever irregular
ities there may have been, have not been
committed with their approval. Differen-
tials will be maintained as heretofore
The annual meeting of the Rockland,
Rockport & Camden railway chose the fol-
lowing directors: P. j. Carleton, Fred E.
Richards, A. F. Crockett, Henry B. Cleaves,
$. E. Shepperd, P. A. Hunt, S. M. Bird, S.
d. Carleton, H. L. Shepperd A large
amount of stock h s been subscribed for and
strong sentiment is manifested in favor of
the construction of the road. 1t will extend
from Camden or Rockport to Rockland, con-
Meeting with the Knox & Lincoln.
The Chicago, Burlington & Quincy issued
its statement of earnings and expenses for
the month of October. 1t is a very favorable
report, showing for the first time this year
an increase in net earnings as compared with
the corresponding month of 1887: The gross
earnings were 81, SO2, 3l2, an increase of S24,-
420; operating expenses, sl,A34 ,000 de-
crease of SIS, 200; net earnings, 81 ,26S 2S2, an
increase of $i5,620 For the 10 months end
ing Oct, 81 the gross earnings were $l9,-
390,65O decrease of $3,675. 201 operating
ex enses, $l4,S05, ,20S, an increase of s., 01S-
2lS net earnings, $685. S57, a decrease Of
S. 693 40