New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-29
RAILROAD INTERESTS.
A DEFAULT PROBABLE on NJ, X. & 7. BONDS
THIS MAY LEAD TO A RECEIvERsnIP BEFORE LONG
TIRE BoNDHoLDERs PLANS.


TIRE BoNDHoLDERs' PLANS
Default In the payment OF interest on the general
consolidated mortgage bonds OF the Missouri, kansas
and Texas Railway will be mado undoubtedly on June
/. The new directors OF the company have found
few hundred dollars In tho treasury, and they natu-
rally unwilling to put their hands In their pockets
long the actual control OF the property held
by lease TO the Missouri Pacific Tho lessccs, on tho
other hand have advanced money until the valuable
securities that could be used collateral have Dcen
exhausted. There Is no sharp conflict between the
new board and the Missouri Pacific, although inc
rather abrupt departure OF Jay Gould has excited
suspicion in Wall Street that his visit to the SOUTH
west might have something to do with the appoint
ment OF a receiver of the Missouri, Kansas and Texas
Friends Of the company regard the suspicion as un
founded although they admit the certainty OF deau'
in interest. A committee appointed yesterday,
consisting of Edward D. Adams, William L. Bun'
william whitewright, William Mcrtens and william L
Strong protect the interests of bondhoders in tho
case of default This action by persons supposeu
to bo also largely interested in the stock probably
foIeshadows "A complete reorganization of the com
pany 1t is that under the terms 6 oi i9s me
appointment Of receyeT 1t is expected that come 5no
PROMISE The E names Of FIery File VA Anderson
luscd the presidency because Of proposed TRIP Pado 10
vice president, mentioned In connection with the
reCelyership
At the meeting of the Mlddlctown, Unlonville ana
Water Gap Railroad yesterday, the foown directors
were elected Frederic a. Potts, stephen V. Whltc'
Senior Borg Charles Minzeshemcr Henry Marks, ROD
ert X DOW James NJ Hartshorne, Garrett a. Hobart,
Charles " Ware, John =. Ralforty Frederic j. MOORE
Isaac G. Demarest and Cornelius T. DcmaToSt.
Charles " Ware presided. The election was merely
q matter OF form.
Plymouth, n. H.. May o9.-Tho annual meeting OF
tho stockholders Of the Boston, Concord and Mon
treal Railroad was held this afternoon. The annual
report Of the directors says Of the agreement win
tho Boston and Maine and the Boston and Lowell
roads 1t ia hoped and confidently believed that, bc
fore another annual meeting Of this corporation Is
held, tho possession OF this property Will be trans,
fcr1ed back to you. IT'S riGhtful owners The Oih
board OF directors was reelected. Tho annual nect,
ing Of the Meredith and Conway road was then hed
and the following officers chosen President, Joseph
Wentworth Concord clerk, j. II. Corning: dlrctoIs'
Joseph Wentworth, Samuel y. Fell, B. III. Corning,
Charles f. Busse Warren Daniels, A. ]. Pillsbury
and L. f. Goodae.
Chattanooga. Tenn, May % (speciaD.-over the
track of the Lookout Mountain and Chattanooga Rail
Of the mountain. Tho road IS a switchback, the only
one in the South is standard gauge, six miles IN
length. with grade Of 80 feet TO the mile ana cost
without rolling stock 100000. Tomorrow Il VIII
be opened for business.
Boston, Mass, May os.-In the Superior Civil
Court to-day the jury awarded tho plaintiffs $4,000
in the case Of Pelatiat Fletcher against tho Fchburg
Railroad Company. an action 10 recover $4,000
damages for Injuries to plaintiff who while driving
over a crossing In tho town of Aver was struck by an
express train and injured.