New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-03

Several roads have recently signed tire agreement and
they win DO represented here for the nrss tne.
Albany ApriI 2-The South Park and Crosssovn Haii,
ROAD companies Of Rochester. with she same directors
and shareholders Incorporated to-day The Psfk
road has capital Of $4,000 and is 10 maintain nsc
road: csosstown has $4,000 and Is TO opents
ayc-mile road a
Pittsbure, April tspeeis Attorneys for B. Jones
and i've other bondholde Of the Allegheny Valley Rail-
road presented petition to-day In the United ates DIS
taet Court asking that suitable be appointed as
eoFeceiver with w. II. Barnes Of and
operate the raroa The petition that since the appont
mont OF the receivers the road has been Ia the ntee
Of the Pennsyyania Railroad and against the Allegheny
Valley; and there has been accounting Of
the Pennsylvania Railroad 70 the Allegheny Valley Of me
gross receipts OF the tfse between the rosds The %
tItioners hold over s2,oooooo OF ths reads bonds
The proposed reduction Of expenses on the Pennsyi
yania system besun The retrenehment is Being mads
. systematic plan. and the promises Of President
Roberts salaries Of the employees would not b
reduced IS being kept Instead o. retueins the wages
Of the men the number u being cut down M dnsrent
points along The lines and esses where shefs
not employment for full fefee Of men, their work
ing hours have been reduced. So
Philadelphia April speeia Interested rsilresd snei
here say that the Committee Reorganization OF the
Denver AID Rio Grande Western Railroad has agreed upon
a new plan. mostezse - b DO created tor "a
amount not exceeding sie,coo 600 Mastering dirty years.
the bonds to per interest The present bond
amounting seeooooo, are to be exchanged for those
OF the new ISSUE and part Of the remaining 90 GOO
win be issued 10 pay for improvements Preferred stock
Is 70 be issued to the Of s76ooooo OF common
stock s7 10000 win be issued share for share foe s
present conmon stock.
baltimore April tspecial).-The tidewster scheme o.
the western Maryland Rairoad Company Is about Do
carried The City Councils have passed the ordinsncs
permitting the laying Of tracks In certain streets
In the soutaern section Of the city. The eonpahys
terminal wharvex etc., VIII be those Of the
Baltimore aud Ohio snd tina Western Masyland viii no
longer be compelled 10 depend solely upon the PennT
yana for is the city Before long road
win be built from wsmspor the present terminus Of
the Western Maryland, 20 Cumberland, Ma. the as
trlbuting point OF the soft coal region.
Charleston, s. O., April 2-Prssdent 8. b. Talmage
OF the South Carolina road telegram from New
had arranged 20 purchase coupons Of IRA
mortgage bonds. About half million Of these bonds
are held In this State. Mr.. simonds president Of the
First National Bank TO whom the dispatch was sent
says that his bank viii purchase the April coupons IN
question at discount There seems no doubt that
earnings OF tho road win pay these coupons 10 full
Washington, April 2-Representatiyes Of the Southern
and Southwestern Railroads appeared before the Inter-
state Commerce Commission to-day for the purpose Of
Allowing what export are and how these export
rates were made The witnesses stated that the rates q
inland transportation nuctasd according 20 the rates
made by the sea board steamship lines and for this easo
they could mako hxed The greater part Of the
time Of the witnesses devoted 70 explaining the nsDs
proportion Of export rates on cotton.