Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-05-09
JAZZ COULD INTERVIEWED.

oVOho 1NIEhtI WE'D,
WHAT RE SANS REG RIDING THE INrKRNA-
TIoNAL AND THE MISSOURI, KANSAS
AND TEXAS.
NEW YORK, May 8.-Jay Gould said
yesterday to reporter Of the Tribune in
reply to particular question: "The
street rumors that shall start for the
west tonight are not correct. I hope to
make an inspection of the southwestern
system in short time, but can't say
when shall lezve the city. / presume
the management OF the Missouri, Kansas
and Texas VIII be able to extract blood
from the turntp. ! have not been unable
do SO"
About the lease of the International
and Great Northern which has been an
nulled, Mr.. Gould said: II have heard
nothing about these things till my return
from Europe. discovered that the In
transitional wss spending more than its
gross earnings, and in the FIRST quarter
the excess Of the expenditure WAS e14l,-
277. asked the reason for this condi-
ton and learned for the arst time that
the Attorney General of Texas had begun
suit against the company. His complaint
about the physical condition of the road
was being iemedied % fast a. possible,
snd good deal of money was spent on
improvements. The suit comes I'D In
June. and aside from that point under
stand that the laws of Texas
are very strict, not only about
the consolidation of competing lines,
but also the Interchange Of business by
connecting railways. II the suit BY the
state should be successful, the stock Ct
the International and Great Northern
would be absolutely worthless. NY eff
forts recently have been to preserve the
rights Of the stockholders" |
In regard to the rumors about the pos
sible default In the payment of June in
terest on Missouri, Kansas and Tex,s
bonds, Mr.. Gould intimated that the
question was one for the proposed new
and not for him.
"Tne new owners will find the property
in good condition." he remarked, "but
they will have to say what they will do |
with it. Tue territory has been divided |
closely, and with the building OF every
new liue the rates for transportation hsve
been lowered. The new owners will be |
about connections. The Mis- |
souri, Pacific has given the Kansas and |
Texas much more business than the Mis- |
souri,, Kansas and Texas. To answer |
the inquiry why the Missouri Pacific hiss !
been able to psy dividends when the |
other company hiss not earned its fixed |
charges, 1t is only necessary to say thst |
the Fixed payments of the Missouri, Kan
sas and Texas are larger per mile than |
those OF the Missouri Pacific with 10 per |
cent. dividends added. The Missouri |
Pacific is singularly free from positive
aud do not know of prop. |
.rty that this moment is In q s-ugger |
place"
NEW RAILs FOE rHE EAST AND WEST
TExas.
CONDITION OF THE ROAD AS SHOWN BY
THE RECKIvRR's STATEMENT.
special to the Gazette.
Houston, Tex, May S.-The Hon. A.
=. Richardson, Special Master in Chan
.ery Of Esst and West Texas Railway
to whom was referred the ap-
'licstion of Receiver Howe for permits
ion to purchase new steel rails for fifteen
niles Of the track OF the road, will report
n the morning In favor of permitting the
ais to be purchased, their cost to be
aid for out OF the next SIX months net
srnings Of the road. Estimated by the .
usiness OF the past two years, the net ]
arniugs Of tho road for the next ,
X months will average $4,000 {
month, and The aggregate sec, 000l
'hich Will pay for the steel rafls asked I
u Dy the receiver for fifteen miles oil /
rack Tho nrAov vSSlv vd,1~,. xh,uI n