Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-11-16

tender mersi OF Drexel, Morgan Co.
The announcement, however, Is rather
premature. The holders are widely
a"attered, and 1t would take some
Il tie time to get enough Of them together
TO agree upon any action that will be
sure CT meeting the approval OF the ma
j1rity. There are comparatively few
a-ge holders with interest sufi Client to
make them move actively Ct their own
m.slon. Perhaps II would be just as well
for all concerned II the receivers did not
make any EFFORT to pay the Dscem-
Der Interest They will undoubtedly,
however, pay the interest due
on the underlying i st mortgages, for the
amount Is small, and the interest will
have to be met some time. 1t locks ss II
the debt of the company WAS 80 tangled
up that 1t would be best to go thro 1gh
frie ndly foreclosure under the consoli-
dated mortgage, and the general CONSOLE
dated mortgage issuing new bond for
the consolidated first mortgage in second
mortgage for the general consoli lated
With proper provision against foreclos-
ure, and for lower rate Of interest At
first In consideration OF sn assessment to
be paid by the stockholders, susi ;ient to
pay OF in cssh all expenses, overdue
interest and put the road in proper order
could be doubtless obtained.
The bureau of statistics at Berlin gives
the number of locomotives in the world
ss los ,00s Mr.. Chauncey Smith Of Bcs-
ton, in q recent address before the Com
mercial Club, on the Commercial value
Of Ideas and Physical Facts" said that
he asked one Of the Massachusetts, rail-
road commissioners to take the railroad
reports and estimate what the actusl
work done by the locomotives was in q
year as compared with the horses On
good common roads. The estimate was
that, on an average, each locomotive had
done daily an amount Of work equal to
that Of II 200 horses. Applying this
ratio to 1o5 e0s locomotives, 1t amounts
to the work OF l26 coo. 900 hories. Tn g
is not all. A locomotive consumes Q
ten aud Q half Of coal day.
Lst those VINO csp, calcultte the cost CT
keeping l26, 900 600 horses Nor is this
sill. A locomotive quireg, when In use. tine
services Of two mep, and the whele num-
Der in the world would require 2l0, 600.
How many men would be required for
the care OF l26 0e0. 900 horses2 Sill
further, what would be the cost O!
WAGONS, repairs, shoelng, ETC., as COM
pared with los 0o9 Iron horses?" And
even then the elemen Of of time comes In
for the transport Of goods and psssen-
gers, during which time the goods cannot
be a.ed and the passengers must be IDLE
-.
The question OF the railroad companies
issuing 1000 mile tickkt to commercial
travellers, good on any trunk line, Is now
oeing discussed sill over the CO untrY. In
this connection the New York Sun says
The comm srcial travellers, or drum
mers, as they are m ore commonly called,
sre endeevoring, through their protective
association, to make arrangements with
the railway companies for the iseue to
them Of q 5000 mile ticket ct the rate Of
cents q mile, to be good in any direc-
ton on any of the trunk lines, and to run
for one year. In order to establish the
identity OF the righttul holder they pro-
pose that his Photograph and full De.
scription CT him shall be kfNKed to the
ticket, the as socistion guaranteeing to
ex gel any member who shall misuse II By
transferring it TO another, or who shall
otherwise violate the agreement With tbs
railroads.
OF course such q ticket would be OF
great convenience to commercial travel
ere, and reduce their travelling expenses
As they are now so numerous, and their
patronage lie so valuable to tho railroads.,
It is certain, too, that their proposition
will be respectfully considered by the
companies. In brief, 1. is simply that sill
tina trunk lines unite In issuing form OF
ticket which now sells for use on Its par
ticuiar line alone.
According to the LAST census. there are
2ls 1853 commerc!sl travellers in the Unit
ed Ststes, 272 of them being women; and
since then the number has largely ms
creased, ald with the present methods OF
conducting business this increase must
90 on steadily, If not rapidly. Outside Of
the commuters, they are the most con-
slant travellers on the railroads, and thetr
number being SO great, their patronage lie
Of prime importance to many hotels,
which, therefore, make special provisiors
aud rates tor them. Some OF them travel
only at q certain season Of the year, In the
spring and autumn chiefly, but & great
many are continuously on the road, and
they are paid salary, q commission on
their sales, or both, and are allowed theiI
travelling expenses, which usually amount
to more.