The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-06-10
GOSSIP OF TIE RAILROADS.
NEWS OF INTEREST TO THE PRESIDENT
AND THE BRAKEMAN

Enpioyeea' ORGANIZATIONS Z" DO DIS
cussod In ChicAEo-New departures on
Various LIne--PorsonHi Items.
The directors OF the New York Central Rail-
road have authorized tho issue OF Sl5,000.0O
per cent. gold debenture bonds. with interest
payable June l and Dec. /. and the principal
due in 1905. For several years the company
has extended good deal OF It's earnings for
improvements and euuipmsnts, and these eX-
penses have boon charged to the operating ex-
penses SO the net earnings OF the capital
stock have appeared much smaller than other
wise might be expected. An official statement
thus explains the new issue:
TIL. object OF this provide for the expenses
the depression Of tho tracks in tho annexed district
and those OF the Port Norris branch of tho Harlem
Railroad and other extensive improvements connected
herewith including the elevation OF tho Harlem River
Bridge and approaches thereto ~ may be required by
law the laying OF third track on tho Hudson River
division from Sing Sing to spuyten Duyvil and tho do
preston and elevation of tracks to avoid grade cross
iuEs aud tho other terminal Improvements con'em.
plated during the next two years at Buffalo ana now
par,ly under contract In addition to tho above
rAcs been made for very large additions TO the
rolling stock and motive power OF the company, to
meet the increasing requirements Of the ouSines"
It's not anticipated that these bonds will all OF them
he sold or tn. required under three yonra
sufficient amount OF them, however has been takon by
hessrS DreNe. Morgan Co to meet tho requirements
Of the current year.
Several public meetings have been held In
Newark with q view to asking the Central kail;
New ork branch through the city, and on TO
an interseSi0n p With It's main n,H Inc non IN M ts
valuable section OF suburban country, and be.
stiles furnish the eompany with more re-, I'reGt
Ess so sg RpGHS over 'ffs'
route. The treS,!e over TIE PH Pas \. liver.
n+ TIe > Newark and New York branch enters
NeTa s3py have TO be- extended to the sub
urbs on the same plan There are two small
which Uncle sam controls. but navigation Isn't
vety brisk at those points. 1t would have the
VAN Via Newark. and Elizabeth would becolns,
way station. This is strenuously opposed by
E grad 70" crossings @GrS in Elizabeth, "
The matter:
tracks OF The railroads through Elizabeth, so as
this: The Penns ylvania Railroad Is willing 10
elevate isS tracks eighteen ieet over Broad
Central Railroad OF New Jersey to construct a
second elevated structure under that OF the
HSs Se@
its present grade Gp5ossing at Broad street
that III i point about six feet above ali the other
ont grade. OF course, this would still leave Tor
at a' BroHd street The Company objects to
tunnel as being altogether too expensive.
There have been statements during the past
few days Sbout tho LehtRh vSllSey,s new line
pR phil and Heading, The fohish Valley has sent
IT, hs Soad t
away, and already It has surveyed parallel to
ss ssn F'nf The S0fG hEaRo RsE fiG S s
has made Th hs p1R ,Ss
ss IT, S'S = s$s
routes are Identical from Bethlehem TO Q point
IN the vicinity OF DoylestoWn. THENCE one
ssf d1si So PS to dss!
ion q the pennSsylvHnia ha Ball eIossng the
i6aehes sRe rosa Snd ocnsinues
TosS V1 Pas aev
anccs against the Readtng road and the new
mercy Of the Reading 4 man. who used 70 be
Of the Sorth Penn road and Il has ielt bst:
fshaS !s f il s the Ell desPsoP and this
several months ago tho Central OF New Jersey
sfSs6 Tsy the Vc
business that the Reading was disposed to
give it
The new traflo arrangement for through
passenger trains between Chicago and Fort
The C T Milwaukee ii; and St. Paul. has
sSsisS 30 i
sion " of ts WEAKNESS. The SortSsrp PacHo
ielt that # had to DO some,hinG 70 Offset The the
s ii and By an ALLIANCE with the shortest line
from Chicago to =: Paul it fe1PeCts to make
s nS eD' that in the mean time the Wisconsin
Central is likely TO be straghtened out 50 asto
other Granger roads
delp6ia and Readipg. and Baltimore and Ohio
Railroads In combination are laying out
Eo21h First tfG Street They alfoadT have one
freight house on tho East River at that point,
to tor Su id aG new pier and bridge for aniosdine
cars from iloa,s Tracks viii branch, out fan;
hundred cars capacity. There will be room for
trucks TO drive up between the tracks to load
and unload.
DssSStch.s yesterday from St. Paul t stated ate.
Tgo sB1aton HEd nnSe g S ARE nss0% &bsS
Eleted TO the Pacific coast. Then the humorous
lines opt OF ChiGaGo WI have live Lively f G9fmpei
on their met,le. NailroAd mon hero think that
the scheme Is as practrahle "a anything that
has been men tlonod.and the story is quito gen
orally believed.
Marcus G.. Hawley OF Newtown, Conn, and
Josenh Richardson Of New York have just re-
turned from southern trip Al Shreveport.
La. they Jointly purchased through the United
States Court nj public auction. mat week, the
Bhrevennrt and Houston ltailroad for S2sO. 90
cash. The same afternoon they were offered
by committee Of citizens Of Shreveport,
headed by officers OF the First National Lank
OF that city. a ptomium Il fG5UOO for their pur-
chase. which they declined.
anew passenger depot and telephone station,
20 replace the depot struck by lghtniug and
burned last Friday morning nj Nowtown
Conn, will be erected Immediately by the
Housatonio Railroad.
The general office OF the New England De-
parlment Of the Adams Express Company ia
now located in the Union pa -senRer station at
bridgeport. II is expected that during tho
Irn.nnf Nnnr thu haRd nnartAiR will hfA frnna-