The sun., 1888-12-14
PROGRESS OF THE REVOLT.
RAILROAD STOCKHOLDERS CoNsTANT-
IY ASSERTING THEIR RIGHTS.

TuE SUN, Will servo TO Indicate tn6 temper vi
,Lo investment community under the losses
Wv. .ne 80 h..n inoioted upop II by the un-
'iss , n'o s..s, =, snr,o NJ tbo west-
ecrupuiouS ~ - tsor, a 40 NJ, a,ist uhose
crn trunk lines ~ is lorn ,,i, pas :. 81,
name w.W 70 ana s,a,a strsets tits to be regret
% ss,,., 10 ha iii, not nermit THE SUN to enforce
.eu .nae no wiz nv. O,,.,nz b,a name espooialv AZ
he is stOcEholdor Of some influence in two sa Of
sum AZ follows:
- .,,ro,. ot ,s. arrairnment Of the
managers of the 'o.oalled Granger roads Dy % moea
hoider Of the Chicago, Burlington ana quincy hairoaa
Company in your issue OF the 4th inst agree with
~. ,h, IN. ,toekholders should take the matter in
~ n hsnd, Immediately, and would suggest that
tn'r swn nn,o, to the idea that meetings Of the
ssckhoder in the tsvera companies oueht 70 oe canea
q. once to consider hrst the appointment OF an Aa
oy Committee of to ooSp'r,. with or
- nro,sc, th,ir rirbts and interest; second. to
ayers 70 pro'sos sem a ss .sn,s conr,,,.,
solicit proxies with the view of securing representa-
tive directors or necessary entire change OF such
as appear to eo incompetent or ind.po.sa to
,s"e smnna ho,s.rs of railroad securities and
ing eMs amons .,sr,.s onn ,,,hont souh, mae,
with general approval and endorsement
Leading stockholders and probably some Of the lead.
n1 u. somp.nss aa aa% n S to 70 70 ~.
banking as. an .s.v. sna psrt in t.
mont anu u.. au aI -, rsi,rosd .o,.
holders and their opinion was decidedly in favor Of
somsthins Of this kind being done and done promptly,
as the absolute wreck of railroad
Permit mo to that the position you have taken in
regard to this matter you TO % the n gra nas & 81
every investor 10 @ a Nv
nsl % e Of faPs ru 81 raid and have fe
nsSe hepe. oppose
BosIoS. Dec. 10
Probably by this time this Anxious Stock
holder" and a good many q his comnpanions IN
the movement in their behalf that is gradually
taking shape in the hands OF the leading bank
movement Is under way challenged the atten-
Of ,%s 5f
meat m Inv IN Wall Vail Street S seemed to be overwhelm-
sasuritiss saS h tbe Western roads The formal
Of that In the field w,S il Sn
great deal Of hopeiulness.,
mnn nJ Mrv aSraamant reIatiye 10 ths nuttn1 i'm
and maintenance Of rates on Jan, /. Ihis il
not dpe TO 70 any aeslre a. On @ vhe part q faas com
ty inclined @ to The az agreement. but It wants
e9ns % nsaa sar TSa 40 ton roanv ne IL IN Ous
stronger position in many WAYS tnan maj anY " OF its
.om netitara Tor tho raaeon that II hne NOT
mas uonS 5 n3 nrS,iN nnd nsncisH et it s
,srsSy has been nvnasq a least ar IS
CON Tnneta and Santa TX Gompnnv villa
i nsar!y sti p the tie o5hsr Chicago rosas @ havs
az tbs ra tSeY Sta bus aka 1
The Alton has aXsys had far 6an Of this
pany wasted It's money building lis Chicago
ns ana s,i wants Fl h .s ;haIs Of # If u
a} run beYons Kansas @ CIV shall eaeS 1--WE Il
pars q their sSroash .rstfie f to Chicago orisi.
from Chicago and points
nSs'S,e @ a ss t6s one f The aSsssns
WORK. but t is evidently not INCAPABLE % Of lad ad.
Vaiis. and that seems TO be the CASE at pfesent.
As lie ZEN end q the % year draws VS. near @ Val VI street
# ss e hea5 sSph9g 81 En- asssT about the
% 81 them " would % have to to give pledges for their
Tie are
TOO. that Wall street viii be furnished before the
rate % war has cost stocERoIders in The reduction
terig s dvdend % from 1 % to per @ cent. This and
% Solders the last year ougRt to determine them
TO insist upon two radical changes in railroad
management, namely: Tlat the power TO make
rates shall be taken away from subordinates
and vested in the executive or the directors and
that the employed who cuts rates shall forfeit
Ills position permanently.
The prominence the Chicago and Alton Com
pany has obtained the last few days imparts
fresh Interest 10 the fact that the Atchison
COMPANY WAS not Compelled to build its Chi
caao eXt Xtension in order to connect its system
with that CITY It was offered the control Of
the Alton road at about 5000 per share, and had
doubtless have driven a bargain alta much low
er figure. Instead the Atchisop Increased the
number Of lines between Kansas City and Chi
The result is the Atchison has a
new line to Chicago with very little
local trafflc' AT N lcost of at least
s2o.oo0.O0o. whereas ii might have had an old
established line with plenty Of local trafiic at a
MAXIMUM cost Of about 81 .OOO. 600. and the
have 10 bear the additional burden Of the in
terest upon the $40 100000 that the Atchison
head Vas bie and its treasury fuli. It is hum.
The Trunk line Presidents have under con-
Alteration a Man for reSriiatinp the Volume
or rather the division OF their trsfic. that is SO
simnIa II 10 anrnriSinC a. ,vas not cons;dered
before. II was smaeesfed by the action OF The
CSicn9o anT ht,sntic roed in recentiv insstin1