New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-19

for the purpose of discussing the old controversy Of
the division or percentages OF freight rates, per-
centagcs between the roads east Chicago and tho
roads west Of Chicago and east of the Missouri River
The question is one which comes up frequently for
adjustment, though It possesses little but technical
interest. There was agreement yesterday on
general principles, but the conference Will be con-
tnued to-day.
SENSATION IN THE WABASH LITIGATION.
Chicago, Oct. 1s-Henry Crawford, solicitor for
Humphreys Lndley, the trustees of the Wabash
mortgage OF 1o79 has filed with Judge Gresham a
brief containing sensational allegation attacking
the validity of several millions of hitherto supposeu
Indebtedness Of the Wabash system. The paragraph
In which this claim is made reads follows:
So far the claim OF lien upon the roadway In Ohio
is made by the Farmers Loan and Trust Company by
virtue the mortgage Of the Toledo and Illinois Rail-
road Company executed in 1853 your orator shows That
all Of the coupons described In said recorded mortgage
fully paid and before the year 1865 and the SAID
corporate OF the said mortgager wholly ceased
In 1853 by virtue and sale Of all its prop
erty and the entire principal OF such bonds maturef by
Of such mortgage in 1867 and more than twenty
years has elapsed since the full right accrued to foreco
such mortgage for the principal thereof Your orator
further precisely the facts true with
regard claim OF lien the roadway in Indiana for
81 500 000 made under the mortgage executed by he
Lake Erie Wabash and St Louis Railroad Company.
This afternoon Judge Gresham reached decision
the motion consolidate all the foreclosure suits
mortgages should all be consolidated with the Knox
and Jessup mortgage pending at Springfield, I'LL
lie said he would not enter The order until after me
hearing Of a similar motion al Nashville, Tenn, by
Judge Jackson, on Monday next The court allowed
the motion for the payment OF one sA-months coupon
amounting to 100000.
TO TRY TO REFORM EXCURSION METHODS
There VIII be a conference next week at Buffalo
between the trunk line passenger committee and the
passenger department OF the Central Traffic Associac
ton. 1t will probably last several days and the
principal topic Of discussion will relate to the ex
cursion business. The roads have done larger
traffic in this line this year, especially in trans
continental excursions but led to an almost constant
Generalization OF regular oncway rates. The scalp
ers reapcd a rich harvest and the revenues of the
companies were far less than they ought to have
been If Irregularities prevented The conference
Will consider the mistakes of the last and will
endeavor to provide regulations and agreements that
will better financial results from the eA-
cursion traffic Of next summer.
MISCELLANEOUS RAILWAY INTELLIGENCE
Notwithstanding accident occurred the West
Point tunnel the cavingn OF few feet OF the brick
reported in the newspapers passenger traffic on
the West Shore Railroad will not be interrupted All
trains leave weehawken station on schedule time and
arrive time
Des Mones Iowa. Oct. 1s.-The United States Circuit
Court hearing this place, the Of the second
bondholders OF the burlington, Cedar 1aplus anu
Northern Railroad involving difference in claims OF
600 900 81 600 000 They not parties 70 the
foreclosure 1876 and they trying TO redeem The
in chancery figures that the amount required TO
redeem $4,000 They claim that 1t takes but half
that II the 10 redeem Is Sl3OOOOCO the
second mortgage bondhoders left in the cold but
II required is left at half that sum- the road is
worth so much than that sum that they would re-
deem the road present paid the second
mortgage debt.
The Rock Island has completed its extension to Colo
Springs and the department is now opened
for business to that point The Union Pacific will
the River Bend to Denver. and Rock Island
will use the formers line Pueblo. During the winter
the Rock Island will build extension from Liberal to FL
Paso saving 800 miles the through business from the
latter city to Kansas City, The line will run In
southwestern direction from Liberal passing through the
neutral strip, Tascona Fort Sumner and Lincoln, N. NJ
FL Paso. making nearly a direct line
Knoxville. Tenn. Oct 1s Specia.-The stockholders
OF the Tennessee and Georgia Railroad held meeting
here to-day. Messrs l.. NJ. Butler, Of Philadelphia:
J. S. Fraser. OF Nashville. and f. r. Chaplin, Of New
York the only holders from outside the city. The
majority Of the stock represented and harmonious
meeting held IL is formally decided to issue S60O0OOO
worth Of improvement and equipment bonds.
Knoxville Tenn, Oct 1s-The stockholders Of the
East Tennessee, Virginia and Georgia Railroad met TO-
day and decided 600 900 in bonds be known
as the East Tennessee and Virginia Railway Improvement
and Equipment bonds.
Ottawa, Oct, 1S.-The directors OF the Ottawa, Wai-
dington and NewYork Railway and Bridge Company held
a private meeting in che Russell House this afternoon.
Ottawa will be asked to grant bonus OF $4,000. New
York capitalists negotiating to build the road The
following directors were elected w. j. Anderson, James
Redngon Alexander Farlinger J. ]. MacCracken, Mrs
Grace Keefer and Charles Edel
Kansas City, Mo-, 1S (Special)-The receivers OF
the Missouri Railroad today decided
TO have the general Offices at Sedaa Mo.