The times. [volume] (Richmond, Va.) 1890-1903, 1890-04-03
ERLANGER DEAL.
THE DETAILS NOT YET READY To
BE PUBLISHED.

Bonds for tho Purchase Money Already
sold-A Railroad as Subject of Dipio-
macy -Cerman Honors 70 American
Hihemer-M metropolitan Gossip.
NEW YORK, April Especial. The
details of the Erlanger deal are not ready
70 De published officially The East Tenn
essee stockholders must nrst rat0 the ac-
ton Of the directors on the 18th. before the
deal is an accomplished fact. The
control Of the Erlangor stock ia
what has been purchased. and about
D. 'o0 is 90 be paid Tor Il. The
money VIA ho provided from the sale Of the
new Cincinnati efer,ion bonds Of the Enst
Tennessee; a c0llater1s.s rit per cent.
bond secured by deposit Of ihe 80 nger
stock. The bonds have already been soifu-
an English syndicate. and are being signed
subject 20 the ratification of the stoeknold-
ers. The iriaugDr system gives the fl,t
Tennessee "a Cincinnati connection. Nf.
W. Carcl Slaughter. who has been in tAis
country attending to the ne1ut1iinhs TOR
the sale len for England this afternoon.
The purchase as perfected adds only go
miles Of road. The trlangtr lines
NOT purchased ere lhe New orleans ANA
Northea-iprn fhe Aichshurg and Meridian
and The Nichsburg shreveport Pacific rail-
roads. The part of the Erlaugcr system
actually acquired. rs the lines between Me-
rIdian. Miss. and ,incnnnu, but while the
East Tennessee does not purchase the lines
extending from Meridian wostwardiy to
Nicksburg and shreveport and southWaflil
% New Orleans. The contract contains pro
visions for the protection of those lines in
their trallic and general business.
DIPLOMACY OVER RAILROAD.
Among the passengers on the steamer
/ Elho. from Bremen. this morning. was Ms.
/ Caiharine McMurdo, who has come nom
I London tO have Hu interview with secretary
I Blaine at Washington. She IS the widow oi
/ the late Colonel McMurlo. an American,
| who bad concession tum the foriu-c-e
/ government to build railroad from Dcll-
gol Bay o. the Transyaal frontier Tie had
/ built the road t0 tho mountains forming the
/ frontier and had 10 iu operation. when
/ the pOrmgpso suddenly declared that TIE
I frontier was four miles beyond ihe end oi
the line. and a4 the road bad not been conn
nleted within the contract time. conhrcaied
The entire plant. The American and British
Governments have insisted on restitution
for money invested tO thc stockholders. and
Mrs. AlcAiuro. The Portuguese govern
ment seems willing 90 comply, and Do is ior
this purpose Mrs. McMurdo has come
to consult the Secretary ot state.
GERMAN uONORs TO AMERICA
10 is said that the Young Emperor 90 show
hi, GOOD will to america. on the visit of tho
American Rinomon to take part IN the COM
/ ing >chcutIenttst nt Berlin. has ordered
/ that honof- usually reserved Tor royalty are
/ tO be accorded to the guests when the stars
and stripes ullt are 90 be carried in the
street pr0cessiOn enter the Brandenbefg
gate. 4 salute of one hundred guns VIII Dee
/ fired. and when the palace is reached Two
regiments of The guard have been ordered
to form an escort for the national emblem
0f tle United States.
The new comptroller of the American To-
hlcco Company cigarette irusD Is stephen
Little. formerly comptroller oi tne New
York. Lake Erie and Western Railroad
Company. and more recently connected
with Pulman's palace-Car Company. lie
has just resigned from tnc latter company.