New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-24
RAILROAD INTERESTS
SALE OF THE WABASH DECREED:
THE UPSET PRICE FIXED AT TItr AMOUNT on
THE INDEBTEDEDNEss'

THE INDEBTEDNESS
Chicago, March 23.-JThe wabash case eanc TO an
end to-day IN the United States Circuit Court BY the
entry Of adccree offering tho great railway plant ior
sale IN this city The question of an upset prtee-hat
a. n price that must reach the amount OF the In
dcbtedness-for the arst mortgage bonds OF the ONO
and Indiana divisions, and s147OOO Of the second
norteaee bonds Of the Ohio division, the hrst mort
gage Of tho Gea1 Western division and tho Decatur
and East st. Louis division, argued during yester
dsy ana taken under advtsemsDt At o'clock to-day
Judges jackson and Gresham convened court, and
Judge Gresham said;
awe think that inasmueh as the Wabash properly
IS in the custody Of the courts and the parties All
before the court that the court has the authority to
prescribe an upset bid In tho decree Of sals. We
have therefore determined to enter decree OF that
kind making the bid for the four main lines The
amount of tho principal sum and interest OF tho IN
debtednesa We have also added this entry 1T
being intendod to hereby preserve the rights Oh Comp
ton I'm the relation he now holds toward tho oulee
creditors Tho time Of the sale VIII DO four weeks
from today as agreed, II in ten days tho morsagor
does not appear in court and pay tho amount OF he
debt. Any division In default can be sold deposit
of 600 win Be d 20 xSs you'd S be done in case
bid for the whole line was received ana mono ior 'no
pfUHTh Then said Judge Gresham, ayour arrangement
falls through j. It y SSS5'smP.aed SS aD that some 0 '0
possibe ana the Judge said that then another decree
would have TO bo entered afcr such i@uuro !" S'i-
N,rscvrI.ANEoUs RAILWAY INTELLIGENCE.
Tho announcement made a few days ago Oh the
,dopton by the Pennsylvania Railroad Of system OF
sc,o ,a.es for parties Of ten or moro travellers has
ha.n confirmed by Samuel Carpenter, Eastern pas
soneer agent In this city The rates VIII DO as pub
lIsbed-two cents per mile per capIta-applying 70
the pennsylvanias lines east Of Pittsburg and En,
and beipg the Same as have heretofore boon cOnnned
TO theatrical parties
Pttsburg, March 23.-The annual Time conven-
tion of the railroads has been called for tho dote
brunswick NewYofk, April 10.
Chicago March 22.-C A. Parker OF Chicago was
to-day made tho general freight agent OF the Atchison
Topeka and Santa Fe, with headquarters at TopekA'
KAN in place OF s. q. Hynes, who Is made inc, gen
eral freight agent of the California Southern hoed'
ora of the most important lines In the santa re
System Mr. Parker has been on the Santa re slnee
ieJ and OF late has been the assistant gcnera iekn.
agent OF the eompany's lines east OF ths hiSeoun
River. ,,.
washington. March 23.-In the case Of the Michigan
Congress Water Company against tho Chicago ana
Grand Trunk Railway Company tho Interstate COM
mission to-day decided that railway company cannot
ba required TO haul tank car loaded with Congress
rratar when the car Is in unsae condition TO be
transpoted that tho evidence shows no illegal COM
bnatior or Efforts the part OF the railway company
The petition was dismissed
Rngt0n. March 2o-GONbf1lOr Amos NlsiAcN H'D
House this afternoon about o'clock and anxed his
signature 10 the bfl % allow the Boston and Albany
Rsilway Company TO increase It's capRal ssock
siO0O0 600 He had until next Thursday IN WHICH
TO sign IL.
baltimore; March 23-In regard TO the report that
The Reading Railroad Company has determined 70
build another bridge the line of their road aI tho
Fails Of tho schuyIhIl, near Philadelphia, General
Passenger Agent SOUL said today that tho great IN
creaso h the passenger traio on tho Resiing cs cd
principally By the opening mp of active business rea
gons With the Baltimore and Ohio, has made somo suen
sntsan neeegsary It would not he saId require tho
eyecton of an entirely distinct structure rom the
bridee now used by tho Reading at that point ana
co,d readily be built, as an arnature OF tne stsr
M would not require long TO complete IT, and When
anIshed il would reduce tho time between baltilnoro
and New-York by at least fifteen minutes
L6ckport, March % (speciaD. Tho Buhaio Lach'
swanna and Pacific Railroad hrs stirred up tho people
Of Niagara Falls the proposed route OF this ROAD
through that village. Tho HIS runs in us course
through the heart OF tho business portion OF the village
o. d. gaskfn, the treasurer OF the company says
the tracks WI be elevated through tho yliass ana
a great deal Of trestie WIN have 20 b pniit me
matter Of bridging the river left With he Canaalse
pacIlc which win undoubtedly use fhe ns,e MAJ.
town asHf ogdonsburg tracks o. sas psss "a
ana there connect with the Rufalo LAe az. ~
Pseine 70 run into Buffalo Thus e vIas nsys sass -
last dcne 70 1t eomparattyelx lnaah aAssa