New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-15
RAILROAD INTERESTS.
KrppER, PEABODY & co. AND ATCHsoSs POL;
ICY

KIDpER, PEABODY g. co. AND AICdIooSs RUIZ
ICY.
Boston, April II CspeciaD.-A member Of the house
of Kidder, Peabody S Co., when Questioned about
the assertions Of Governor Ames saturday to tho
effect tina. Kidder Peabody Co. were rcsponsioe
for raising the dividends Of Atchison TO per cent,
said: Why tho Governor should put the MISTAKES
that have been made upon US Is not quite clear.
How far did tho declaration OF one dividend ON the
per cent basis-equivslent to s375,ooO-hslp along
the Atchison misfortune, admitting even that We
were tho fathers Of this polcyi But we wero not;
we dictated nothing, and We are no more response
Bile for this Atchson policy than we arc for that
Of any other road whose bonds wo may happen 10
handle"
II was current talk on the street Saturday that
this week will bring the announcement OF the ticEet
for the new directors and it is now openly admitted
nv Kidder Peabody & Co. 10 their friends thai they
nropose II possible TO retire Mr.. Nckerson from tho
directory and II is also current report tnst tresaent
Strong win retire Ihis nnon tbe ground that IN
tho present condition of affairs Mr.. Strong Is inds-
pensable to the company
N,1scFrI ANEoUs RAILWAY INTELLIGENCE
philadelphia. April IA CspecaD.--The engineers OF
the pennsylvania Railroad who are surveying roats
for the shortcut road from Trenton to DowningtOp
are now working Hatboro and will soon take up
Quarters at Langhorne. Several lines have been run
between Trenton and Langhorne the last crossing the
Bound Brook road at NoodDourne. III u IopoFtoA
that the now road will be connected with the Penn
sylvanias Chestnut Hin branch, and passenger travel
into Brosdst viii DO developed nom a region now
dependent the Philadelphia and Reading Railroad.
The Pennsylvania Railroad Company is having 100
refrigerator built for its fast freight business over
the Atlantic Coast line from the Southern States inc
fee will be- stored in chambers at the top Of the car
more equal distribution cold air being thus secured
p D. Ford of the Philadelphia and Reading Rail-
road has accepted tho place OF general rosamas'er
Chicago, April lathe western Freight Association
to-day. contrary to expectation let drop the discus
Milwaukee and ST. Paul. on the explanation that II was
only oversight. All roads have put in an equal
rate 1t Will now be impossible to 90 back TO tho
lower figures, unless Armour Co. can DO induced to-
rellnquish the contract
Philadelphia. April IA SpociaD.-An Official Of the
Pennsylvania Railroad said yesterday that the road
earnings this year we're In Of last year, and
that the income from investments and other sources
will be about tho unless the Philadelphia VIII
mington and Baltimore and Northern Central roads
increase their sem-annual dividends. There has
oeeu no material change in the Psnnsylvanas liked
charges as compared with year ago. The general
expectation Is that the dividend win be 12 per cent
| as usual and that there viii DO o rather larger
balance OF earnings in the treasury, after paying the
dividend than there was . year ago. The stock
allotment, however, which II was almost settled
month ago would be made, is not likely ~ DO
offered this spring. While II Is not doubted that tbs
new stock would be subscribed for without delay,
there is no pressing necessity for money at this
limo, and whatever improvements are required can
be provided for by other means.
The trustees appointed under the reorganization Of
the Philsdelphia and Reading Railroad Company yes
to-day appointed an expert 10 examine the companye
accounts al the request of the foreign shareholders OK
| the third income bonds. The experts eSsniSedtoan
viii not DO finished for some time. It is thought his
report will DO satisfactory and that no further secps
| will be taken.
Boston, April ID (speciaD.-The Oregon Railway
and Navigation Company earned In February sse2 1so;
decrease, $50. 500; since January l. s7is,sAA' IN
crease 81 oos The net earnings for the same month
shows deficit Of s16,5o5, compared with surplus
| nf glb1, lT6 IN February, 15as. t"t