New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-05
NOT DISTURBED BY THE DECISION.
THE Missouri, KANSAS AND TEXAS COMMITTEE
TAXES ANOTHER TACK.

The committee Of the security holders of the mis-
souri,, Kansas and Texas was not disturbed by the
abrogaon OF the lease Of the International and Great
Northern but Immediately obtained an Injunction TO
restrain the Mercantile Trust Company from transfer
ring the stocks and bonds which had been given to
the Missouri Pacific collateral security for advances
real and spective. A mcmber OF the committee
SAID yesterday: "This action is precisely what We
expected but the committee can do nothing moro
at present That 10 could be overturned in the courts
IS certain, but the committee cannot enter upon
LONG litigation without further instructions from tho
stook and bond holders At the annual meeting Of the
Missouri Kansas and Texas, shall recover our own
or as much Of it as tho present management may
choose to leave 1t may be only two streaks of rus
but the committee will have accomplished then all IL
undertook to do. When the property has been re
gained, the owners determine what Is best 10 be
doneS
1t was learned that the International and Great
Northern stock with other securities In the MISSOURI
and Texas treasury, TO the extent OF sovera
million dollars had been given the Missouri Paclnc
TO secure notes on demand for about SsO0,0oO Inc
stocks put in the name of Mr. Gould, and tne
no,eS ana seGureS ~ .1 tat moncv had
been borrowed on them but apparently thcy % ahst
lively litigation Will follow.
MISCELLANEOUS RAILWAY INTELLIGENCE
The fast freight lire running the soo' route
composed OF the NeW-f Ontal1O anu Ntstoht Wv
Rome, watertown and osdensburg, the Canadian Pa
cifo and the Minneapolis, sault ST. Marie ana
Atlantic Railways, has opened for business from
New-York. The following rates TO ST. Paul and
Minneapolis IN effect: First class, 81 cents per
100 pounds ID "a Sd, ca 4tb Sc; 9Th, SO; and 6th
class 30 cents These rates lower than the regular
trunk line schedule.
Chicago May 4-Tho Niagara Falls Short Line to-day
made further reduction in It's passenger rates to Boston,
dropping the price Of its through nrscass tickets TO
s16 75 This unexpected move but was tho direct
result Of the action taken by the Chicago and Grand Trunk
in meeting the Short Lines former cut and putting Into
tho SIS The Short Lines allowed dincrenta
business has heretofore been 81 IS below the
Grand Trunks regular rate and its latest cut prompted
by determination preserve this difference. meeting
Eastbound Committee called this after
IL decided let the matter rest for the present.
the Grand Trunk and the Chicago and Atlantic agreeing
make further cut 20 meet the Short Lines rates
without giving notice In advance.
Ottawa, Ont, May 4.-The bill Of DR.. Hickey, NJ. p.
for the construction Ottawa wadington and New
York Railroad was thrown out to-day by the Railroad
Committee OF the Senate.
Springfield, Mass, May A special meeting OF the
stockholders o. the Connecticut River Railroad Company
was held at companys office this city this after
noon to II they would accept the provisions
OF the act Of the Legislature allowing them TO purchase
tho stock OF the Ashuelo Railroad Company and to unite
and consolidate with company and to increase the
Connecticut River roads caLital stock. II was cnanl-
mousy voted the act and authorize the directors
transfer OF stock and 10 take action TO secure
proper legislation for the consolidation.
Denver, Col, May AT the annual meeting OF the
stockholders OF Denver Texas and Fort Worth Rail-
road held here following board Of directors elected
Tilghman r. K Hain, James Stiilman, W. J. Waters
Henry Lewis, Morgan Jones and T. W. Pearsan