The morning call., 1890-06-04
RAILROAD EXTENSIONS.
Incorporation Of the Northern Pacific and
Idaho Company.

TACOMA June 3.-The Northern Pacific and
Idaho Railroad Company filed articles OF incor-
poTatiOn yesterday. The incorporators are Drin-
cipay officers of the Northern Pacific Company.
The road Is 10 run from the Spokane aud Palouse
Railroad to Lake Washington in Nez Perce
County. The capital stock Is 100000. Tie
road will be built at once, ana will penetrate
rich section OF Idaho, and prove valuable out
let for that section by way OF the Northern Pa
citc.
II nothing unforeseen happens,,Ithe Union
Pacific Railway Will come into formal posses
sion OF tile Tacoma and Lake City Railway and
Navigation Company to-day, as everything is in
readiness for the transfer. road TO Olympia
Will be pushed forward without delay. Work
on the franchises to three Tacoma terminals
the smelter and ship-yard terminals and the
principal one at the head OF the bay-will be
begun at once. Work on the extension OF the
Union Pacific line TO the sound has already been
begun al vancouver.
NEW YORK, June 3.-It is reported that nego-
tations are Practically completed for the absorp-
tOh of the 800" line by the Canadian Pacific.
This line runs from Saut Sante Marie, through
ST. Paul TO Boynton, Oak, 800 miles. IL the
Canadian Pacific absoTbS the road. Ii will doubt
less renew the subject lately discussed in Con-
gress OF The rights OF Canadian railroads in this
country.
In explanation OF the report that the Canadian
Pacitlc had acquired the 800" system, repre-
sentative OF the Canadian Pacific authorized this
statement: 1T Is true. Negotiations are in
progress for joint traffie arrangement based on
the Canadian Pacific guarantee Of tile interest
mortgage bonds on the 'Soo.'"
MILWAUKEE, June 3.-A j. Eariug has been
appointed General Manager and W. e. Collins
General Superintendent OF tile Milwaukee and
ST. Paul road.
CHICAGO, June 3.-The only business trans
acted al the meeting Of The Western General
Passenger Association to-day was the appoint
ment of committee 10 name permanent Chair-
man. E1-N PRESIDENT Goddard OF The AtchI-
son was tie most iavorably spoken of. A. J.
Early of the ST. Paul road WIS day appointed
General Manager of that lIne.sza
BALTIMORE, June 3.-The offer made by E. r.
Bacon OF New York, President OF the Baltimore
and Ohio Railway, for stock, was made for HIM
self and his association who have formed
syndicate for the purpose Of purchasing
that stock, and also that owned by
the Johns Hopkins University in this
city. In order TO effect sale 1t is
necessary for the City Council TO authorize or
proposition was not addressed 10 the Finance
Committee, but to the Mayor and City Council.
II was later submitted TO the City Coun-
ell Tor their consideration. IL has been
Means and Will be acted upon
this week. II the cty's stock is purchased by
Bacon IL Is certain that the Johns Hopkins stock
Will also become the property OF the syndicate.
Before commencing operations for the pur-
chase, arrangements were made between The
syndicate and those at present controlling
tile Baltimore and Ohio Railroad property
for permanent alliance upon a very satisfactory
basis The syndicate being composed OF proml-
nent manufacturers and owners of railroad
Philadelphia, PitIsburg aud Baltimore, it Is
believed the sale OF tue stock Will not only be
beneficial TO this city, but also largely inure to
tile beEeht of The Baltimore ard Ohio Railroad
property. II the City Council should reject
BacOn's proposition. the city will be RENTED to
the holding OF minority interest In tile stock of
the Baltimore and Ohio Railroad and the syndi-
cate will Withdraw from any further negotia-