Los Angeles herald., 1890-03-24
THE RAILWAYS.
PLENTY OF FREIGHT AND PASSEN-
GER BUSINESS.
Raymond Excursion-An Article on the
Railway Conductors Brotherhood-Th
Santa Fe and Atlantic and Pacific
Transactions in Bonds.

Both freight and passenger business
continues good on the two principal rail-
road lines. The overland trains come
in very well filled, and the local traffic
is excellent. A large Raymond & Whit
comb excursion will come in today from
the East. For some reason this excur-
sion agency does not care to publish the
lists of it's excursionists in the daily
papers. 1t prints small pamphlet list,
of which it sends only one copy to this
city, and this is not always obtainable.
Two Sunset special trains filled with a
cargo of miscellaneous freight, passed
through the city yesterday cn their way
to New Orleans.
The Railway Conductors.
w. H. Sheasby, of Los Angeles, re-
Gently contributed forcible article TO the
Rail,vay Age, of Chicago, concerning the
Brotherhood of Railway Conductors, OF
which organization Mr.. Sheasby is a
member and officer, and OF which he
was one of the founders. In it he says
The railroad interests have ample pro-
lection in the principle governing us as
an intelligent body OF men warmly at
tached to our profession. We are above
such idiocy as any action derogatory to
railway interests would be. Common
sense will always dictate The protection
of these interests by us, for they are
virtually our interests. For a man to
refuse to identity himself with pro-
tective order on these grounds is simply
a self-implied insult, and for any rail
road official to in any manner discourage
our organization through alfear that its
power will be put to an Incorporate use
through our ignorance of our own re-
| sponsibilities as citizens seems to imply
that as class we are irresponsible and
not capable of distinguishing between
manly protection of our interests as
employees where necessary and pirat-
ical career of plunder and injustice
! toward those interests upon whose un-
interrupted prosperity depends our eX-
istence Policy would seem to suggest
hearty encouragement on the part of
railroad companies of the intelligent
efforts of the laboring classes to organize
for mutual protection, for the blather-
skite element and red-hag artists are eX-
tensively abroad, and every organization
such as ours is step toward an intelli-
| gent narrowing of the gulf between cap
| ital and labor, and forms bullwark OF
defense for the capitalist against the ele-
ment whose idea of liberty is unbridled
license.
Deep regret is caused by the fact that
the officials are receiving us in an attitude
Of defense when the prime aim of our
existence as an organization is to es-
establish and promote spirit OF conf
dence and respect between employer and
employed, and not to destroy it by g
resort to violent measures; for TO the
extent that the principle OF equal justice
is observed all cause for strikes or ever
arbitration disappears.
Atlantic and Pacific Bonds.
Anew York dispatch says that Kidder
Peabody & Co. have sold the AtchisoT
company $4,000, 900 per cent. seconC
mortgage Atlantic and Pacific bonds
and have taken in payment for then
new Atcllison per cent. bonds. The
Atlantic and Pacific bonds will be de
posted with the Atchison genera
mortgage trustees as security fo
the 4 per cent. bonds. Referring
to this Vice President Rhein
hart says: "In the plan of reorganiza
ton there were reserved $50, ,476, 600 0
the new general mortgage per cen
bonds against an equal amount OF ole
issues of seven different classes, which
issues were to be made the subject o
special treatment in the future, as STATED
in circular 63, of October 18th. Amons
these seven issues were ~, 800, 600 OF At
lantic and Pacific railroad western divi
sion second mortgage per cent bonds
The Atchison company has acquired
these bonds on terms entirely satisfac
tory and with profit to the Atchisol
company. The total issue of Atlanti
and Pacific second mortgage bonds i
f$5, ,6O0, 900, the principal and interest o
which are guaranteed severally, but no
jointly, each one-half by the Atchisol
and st. Louis and San Francisco com
panies. There is no distinct separat
guarantee of any number OF bonds o.
the part of either company, but botl
guaranteed all bonds and coupons. Th
Atchison company in acquiring half O
the total issue in effect acquires that 10
which it is responsible"
Childron crv Enr pifrhnpyc cae}orIa