New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-02
FOUR LARGE MORTGAGES FILED


In the County Clerks Office four large mortgages Of
the Philadelphia and Reading Railroad Company and
the Philadelphia and Reading Coal and iron Company
to the Pennsylvania Railroad Company for the insur-
ance OF lines and the granting of annutos. They
cover the ontirs valie of the Reading Companys
property as far the Bound Brook division IS con-
oerned. The four mortgages aggregate about s175..
600, 900 and are in accordance with tho original plan
Of reorganizing the Reading Railroad as agreed upon
Wednesday last and the Others on Thursday. Friday
and Saturday.
NEWJERSEY ROAD GIVES UP ITS BUSINESS
Philadelphia, May (speciaD.-The Pemberton and
HightStown Railroad has ceased to do business under
the direction OF the Pennsylvania Railroad No
tickets for passengers sold to-day and freight
received up to tho close Of yesterday was shipped
but taken. No active steps toward
dismantllng the road Will be taken Immediately as
there yet somo hope that the residents along the line
may subscribe the sOO O0O at which price the road "a
offered for sale. Tho road IS abandoned by the Penn
syvana which controls tho entire issue OF stocks and
bonds, on tho ground that 1t does not even earn
operating expenses.
MISCELLANEOUS RAILWAY INTELLIGENCE.
Boston. May 1.-The annual report Of the Mexican
Central Railroad Company for 1887 shows deficiency
In meeting all charges OF only s1ole2 The gross
earnings are s4sse57s (Mexican currency) an increase
II s10ess72; Operating expenses s2717452 an increase
of S2o436I net earnings So 169.1oG an increase Of
s7e4. sos.
The Committee Street Railways OF the Legislature
voted unanimously In favor of giving the Mayal Reilly
and llinckey elevated systems leave withdraw and
TO extend the charter OF the Meigs Elevated Railway
Company two years and t. the restriction
bridge-st. ~ " ~
St. Paul Mimi. May 1.-The directors of the Mime
apolis and Pacific, Minniapois Saut Ste. Marie and
Atlantic. Minneapolis and St Crox, and Aberdeen Bis
marck and Northwestern roads. mot yesterday at the
office OF General W. D. Washburn and formally approved
the articles OF consolidation OF the compancs The
1ame OF the four lines viii be change the Minneapolis
St Paul and sault stc Marie.
st Louis. Nay 1.-The stockholders Of the St Louis
Arkansas and Texas Railway held their annual meeting
yesterday The stock nearly all represented
shares out OF total OF 14o 800 being voted The
resulted In the choice OF the following Of
Tor the ensuing the old members being reelected
without an exception: W. NJ. Benter S. A. Bems S. w.
Fordyee' Il C. kerens J. w. Phillips III. @. As w. p.
H9man' H. D. wiIkins and j. @. Rein Interest
all the bonds falling due to-day will be paid An effort
Is being made To bring this into St Louis and
Messrs Fordycc and Kerens have been East trying
raise the lunns but ~ far without success However,
II reported that the Frisco has offered sufficient capital
70 Duld te extension TO thcr road, and thus give
the desired ST. Louis connection. The Cotton Belt
peoPe say that they want TO build Grand and
brldge he mississippi River that point and then
construct road 70 Salem. the southwestern terminus Of
the d. Louis and Ban Francisco