New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-27


Philadelphia. April 90 (SpeciaD.- Obstaclt5 havc
uncxp ectedly arisen in the work Of the expert who
IS examining the accounts Of the Reading Railroad
in the interest OF the English stockholders 1t Is as
serted that by literal construction OF the mortgage
the earnings Of tho Coal and Iron Company cannot
be taken into account in computing tho amount APP
pllcable for interest II the Coal and Iron Companys
accounts are thrown ONT the claims OF the contesting
bondholers VIII be seriously impaired. The bond
holders hold that as the railroad company owns all
the stock Of the Coal and Iron Company. all the lat
tcr's earnings belong naturally to the former. II
IS quite certain that there viii be lively legal fight
over tho wording Of thr mortgage
Portland, Me, April 26-M a meeting Of the
Board of Trade to-day resolutions wer" adopted pro
testing against any legislation which VIII deprive
citizens of facilities Of transportation Of merchandise
over the Canadian line between the Atlantic and the
West \ committee was appointed To meet senator
CullOm's committee III New-lOrk on May l.
In the United States Court to-day attorneys for
the Allegheny Valley Railroad Company filed an
answer the petition Of b. Z. Jones and other bond
holders of the road for the appointment of receiver
In the place Of John Scott, deceased. The answer
is to the effect that there has been correct ac.
counting by the Pennsylvania Railroad Company of
the gross receipts from the traffic going to and from
the Allegheny Valley Railway Company, denies that
the receivers have acted I'm the interest Of the Penn
syvania Railroad and declares that they have never
tried to defeat the Jurisdiction of the court While
il is true that Nh Barnes, the surviving receiver,
lives I'm Philadelphia. the answer holds that he has
The statement Of the Philadelphia and Reading Rail.
road and Coal and Iron Companies for March, loo0,
As cOHpafcl WIFI InP SdlIc HloH'H III lCoo, HH""9
decrease in gross earnings for the railroad company
Of 1913 1875. and for the Coal and Iron Company OF
$24o,44l decrease in expenses for the railroad com,
anyc Of So2ooo Tor me Coal ana Iron S0pany os
Of 45,971 The statement for the four months end,
Ing Mach 81. 1850 compared with tho same period
In 1905. shows an increase In gross earnings OF
So5s.2i9 Increase In expenses of $685. 400 an In
crease In net earnings OF s22,7oo.
Chicago, April 2G.-The Chicago Stock Exchange
has passed resolution declaring that unless the
Chicago City Railroad Company shall furnish with
statement Of the number Of bonds issued 1t VIII
strike the bonds Of the company from tho list This
action taken because the Exchange was unable
to get hi, information when 1t asked for it, Pres
dent G. b. Hoimcs. Of the city Halfway company.
says there has been no attempt to Keep IT., ms IN
pany. who alone Is I'm possession of II, was III at The
time the inquiry waS male lie has now r recovered
ana the Information VIII De iurhlShed a. ohe''
81. Louis April 26-J Waldo. chairman OF tho
late International Traffic Association. has been ap-
pointed general traffic manager OF the Missouri Kansas
on May /, with headquarters at Sedalia.
Port JcrvlS y. y, April 26.-Considcrable feeling
IS shown her, over tho action Of the officers Of the
Port Jcrvis Monticello and Ncw-York Road in can
ceiling IT'S engagement TO run Sunday excursion train
10 Ellenvlllc, Its Summitvillc branch next sun
day The new road has opened up region Of country
hitherto comparatively unknown, and superintendent
10 do a rcmuneratlve stroke OF business for the con
pany. made All arrangement for All excursion. when
rendered his resignation which was accepted
Denver, April 90 (SpccaD.-It is not improbable
that the Chicago. Rock Island and Pacific road VIII
soon absorb the Colorado Midland. TIL" Rock Island
has long been looking for line TO the Pacidc. llom
Ncwc astlc It can build road down the Grand River
10 tho line, and thence by direct fuue aioss
the central parts OF Utah and Nevada TO California
Washington, Apn, 2G.-Assisant Secretary Itch.
cnor has Informed all persons interested In the qucS
,on Of the du;lablo character Of cars carrying mcr
chandisc between points IN Canada and the United
states that they Will have hearing on the subject
at the Department on MAY IL
Pittsburg, April 26 tspecaD.-The Pennsylvania
Railroad Company today announced that on and after
May the frst-cIaSs fare 10 New-York would be
$40 90 which is cut OF 81. The sccondclass tick
cts or those without stOpover privileges Will be
30 Tho ilrsCldSs fare TO Philadelphia VIII be go
and the sccOndclas> u 80. The reduction Is said
be the result of the baltimore and Ohio opposition
Little Rock, Ark, April 2G-The stockholders Of
the Little Rock and Fort smith and Arkansas Valley
Ing in this City this morning. Tho meeting was
called for the election Of officers and directors for the
roads for the ensuing year. The officers the Same
on all thrc of the roads and follows George j.
Gould, president; :. II. H. Clarke, vice president;
A. II. Calcf, secretary and tIoasurer; Thomas Essex
assistant secretary and treasurer directors for the
Little Rock and Fort smith. Jay Gould, George D.
Gould, Edwin Could George b. Dodge, H. ,; J1ni.son
I. ii. Roots, Thomas Essex, Walter H. PcmoeFton'
The directors Of the Little Rock Junction arr me
same, with the exception OF Jay Gould ana W H.
Pemherton The directors of The han ES, a' Gould
kansas are jay Could George J, Gouil fuwin "Uu'u
Thomas Essex, l.. II. Roots. George j.; pouse ~ o.
Iiyncs, =. II. McKbben and ". II. H. siblry.
Chicago, April GA movement Is on foot to brlhg
about the prosecution Of tho persons guilty OF vlo-
latng the Interstate Commerce law IN the mahlphA
ton of coal shipments over tie Chicago ana No'e