New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-02
RAILROAD INTERESTS.
ALTON AND UNION PACIFIC.
rxxs OF THE ALLEGED TRAFFIC ARRANGE


raxs OF THE ALLEGED TRAFFIC ARRANGE
MENr NOW MAKING BETWEEN THEM.
c.,c.go Nov. 1-@The Tribune says: There
- no no longer any doubt that purchase Of tho
atom by the Union Pacific was never considered,
nd that no such deal IS contemplated 1t Is also
ertain that a traffic agreement between the Alton
ed Union Pacific has not been made up 10 this
two hut II Is Quite probable that traffic agreement
,onqer than the one now in existence between the
.nor and tho Kansas Pacific branch Of the Union
80 may he made in the near future. Such an
r.ncement however, will have nothing In common
.,h the yandcrblt-Union Pacific combination. nor
NV other combination now In process of formation
:. wnl he simply arrangement that will insure
g. Alton a direct outlet west from Kansas City for
tsrm Of years. The following dispatch from Omaha
indicates thae s"N" Oh e " e ~
possibilities;
THE Rec has positive information that deal is
, arranged between the Alton and the Union
e. which will result in another traffic arrangement
- as was effected with the Chicago and North
,-n II has been learned that the officials of both
,.ds are now at work concentrating traffic arrange
-, heiween the Kansas division Of the Union
.e,, s. md the Alton The agreement will be limited
= ,..,,od of ten years The Alton will turn
a. ~.st,ound unconsigned business TO the Union
MFG At Kansas City, and the Union Pacific will
-, no the Alton. its easbound unconsigned bust
80 AZ the same point. Through trains viii be put
~ hstxsen Chicago and Cheyenne, by way of Kansas
cnv and each road will furnish half of the rolling
,ock required in building up the through business.
u has also been learned from good authority that the
deal with the Alton will ultimately result in the
absorption of the Kansas division Of the Union Pacific
ht the former road. The plan will be made public
In few days.
private advices from New-York are to the effect
that daily conferences holding In that city between
President Cable of the Rock Island President Porter,
Of the Chicago and Eastern Illinois. and President In
gals OF the Big Four" and Chesapeake and Ohio,
and it is believed that a combination between those
roads VIII be formed before the end of next week"
Boston, Nov. 1.-The Union Pacific officials here
deny any knowledge Of the Chicago report that
traffic alliance has been made between the Alton and
the Kansas Pacific branch OF the Union Pacific
DIRECTING TO AN INSURANCE SCHEME.
Pittsburg Nov. 1 (SpecisD.-Employes of the Penn
ryvania Company, which operates the Pittsburg
Fort Wayne and Chicago, the Pttsburg. Cincinnati
and ST. Louis the Cleveland and Ptsburg and other
railroads are vigorously obiectng to Joining the relief
association which the company organized in July.
Many who have Joined say they can get insurance
at much less rate in private companies, ard threaten
10 withdraw. The clerical force of the company
object 10 the insurance plan most strenuously They
say they are not subjected the risk as rail-
road brakeman and that the company should not
ask them 10 Join the association. The brakemen, as
body have decided not TO have anything 10 do with
the insurance scheme Since the brahemen MADE
slch bold stand the Switchmen and Other GRASSES
OF wOrkmen who organized are preparing 10 lahe
similar steps. The company officials nave slateu
that VIII be compelled TO lohl the iisu an an
ssSOciaton but all are expected 10 JON. Those who
Join the association agree not 10 bring acton ag%nsl
The company for damages in case OF EglIy ana ca
empt the company from liability in case OF death-
THE ST LOUIS AND PEORIAS NEW offlCEks'
Charleston, Ill. Nov. l (special.-At meeting
Of the stockholders of the St Louis and Peoria Kai-
road Company held in this city to-day the following
directors were elected Charles B. Taintor of New
York: william Bnney, Providence. r. l.; d. L. Wing
Springfield: L. H. Thomas. of Townsville, and y. j.
Morselead Springfield d. L. Wing was elec'ed
president and A J. Morsehead secretary. The con
tractors formally turned the new line, which
runs from Mount Olive TO Alhambra 10 the company,
which began TO operate 1t today.
The following directors also elected to-day,
al a meeting of the stockholders of the Mount owe
Coal Company. which is 70 be operaSed III CONNECTION
with the new line: D. l. Wing. g. ii. Holt, New
York; c II. sheldon; ir. PROVIDENCE R; L.; /. III
Thomas, A. J. MOrseheaG. ID. /. wing was elected
president and 4. J. Morsehead secretary
THE PENNSYLVANIA DECLARING A DIVIDEND
PHILADELPHIA Nov 1.-The Board of Directors OF the
Pennsylvania Railroad Company met at noon to-day
10 take action on the semia annual dividend upon the
can,,al stock Prior TO the meeting the Finance Com
mittee of the board held brief session, and agreed 10
recommend the usual L. per cent dividend in the
form NJ the following resolution which was adopted
by the main body
Resolved That the Board Of Directors do hereby
declare semi annual dividend of IL per cent upon
the capital stock Of the company out OF the piOs, anu
paVabe In cash, clear of state taxes, OIL anu aluSi
November 80, 1859, 10 the stockholders a. tno9 soo1
REGISTERED on the books OF the company AT CLOCK
p. IN. on october 81, 1859, or 10 theT e fVPi0
sentatves.