The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-06-14
NEWS OF THE RAILROADS.
THE LATEST INFORMATION FROM
ALL OTARTER6


Announced Yesterday. This will add good
atretch OF track to the latter and will bring It
nearer 10 Chicago The Norfolk and Western
now has upward bf 400 miles OF track extend
ing West from Norfolk. Va, to Elkhorn. KY,
and the companI has projected an extension
OF about 100 mills to the Ohio River. whore It
will meet the SlIoto Valley road. The Scioto
Valley road was recently reorRanized. 1t ex-
tends from Irolton to Columbus. 1872 miles.
and had in vlewa projected line Of about ITO
miles TO Fort Wayne. where It would have Inn
portant railroN connections for reaching
Chicago
President Kiuball Of tho Norfolk and West
arm Issued yeserday circular to the stock
holders explaining the purchase. He said the
scioto Valley mad when fully absorbed would
cost $4,000 0G OF Norfolk and Western pre-
ferred stock. lie estimates that the Scioto VAL
ley will easily arm the fixed interest charges
OF $780, 900 rennnum in excess OF the present
rate OF dividends on the Norfolk and Western
rreforred stoct which was issued In payment.
Tho circular states these advantages OF the
purchase:
The physical condition Of the railroad 10 remark bv
good. and IL hn low grades and light curvature 1t
owns very valuable terminal facilities IN the city of
NEUTRALITY-SUSPICIOUS. Establishment Thai city Il
and connects with thesvstcms OF tho Pennsyivania
,sn a9s bA .ne AND 90 ami Nss
ws r. So tho
bridge Sy;s The 9GS . TSd s w s Is
Sistsd during tho pI,Sn year and The rsmSiGfsr
road viii be- eGtctSd. ''''''01 '''1
Representatives " the British steamship
Tee OF the Trunk Lie Association. The steam
ship men asked tint clause be inserted In
foreign bills OF la'ng making fhipmS,nts snn-
leaving the American sehboard. This fs In;
tended specially to,over losses at sea, Several
such clause and be association agreed to do
40 as a whole. 1t dli apply to freight orr Rinat-
ing from inland pcnts. not from the seaboard.
The Old Colony railroad is about to put, on
Pullman yestibulesrains. There will probably
Monday between BOSTON. Fall River. and New:
port, running in cbse connection with the Fail
River line. The rains will be made up OF
parlor cars. combat cars, and coaches.
The four-track sStem OF the Pennsylvania
Jersey City and PhF deiphia, They still have
double tracks at Trenton: New brunswick;
fall into line befordl great while. and then the
fast EnnnF TI S of at NewHr6 is
eenger trains and teght trains. The City Of
Elizabeth has Jusxranted the railroad COM
bfs II hass tner EAe ee
Ia'% a 1nr hSs ks 4: II tse TSf
done at that poiH and. together with the land
which the comphy has bought, the work will
se Ran.s only qG New Bsu9
tracks through De town. but the Council isn't
quito ready to CANT the privilege.
1t is said thatthe LehiGh Valley has given
out contracts fothe construction Of the Geneva
end Buffalo Ratoad. which will form the last
Buffalo. The NV road will run not far from
Vhe New York Qntral. and goes through CONF
paratively leyefeRion.
8. L. warrenwho did long service on Broad
way as the Gepral Eastern Agent Of the Mani
toba system. BIS been appointed to similar
position with tat road at Milwaukee.
George Millhas Joined the Interstate De-
spatch as contracting agent, He wasformerly
q. II. stearg. the PHILADELPHIA agent Of tho
10 the office o General Eastern Agent. made
vacant by theieath OF J. J. Sproull.
Leonard G! 'ohen. formerly with the Central
Railroad OF lew Jersey has been appointed
contracting lGent OF the Great Northern
Railway.
A, despatchto THE Sun from Baltimore last
Late this afternoon the State transferred
It's preferred stock In the Baltimore and Ohio
Railroad to J. K. Bacon. the agent Of, the syn
lad bean perfected a few days
ago. Gov. Jackson had been notified by letter
M or eonnE
Tomorrow Mr. Bacon will receive the Hop
iins common stock; Tor which he will give In
Bacon declined To So what the syndicate paid
or the stock. Tho quotations for the State
e F o
80 and the univeuity lO4. Mr.. Bacon was
IskedI when the payment for the ciIys stock
It this time. was thereby. but will be ready
'eiore the option b9 expired on July l.
Tho gu retains 0GO sh"TsS oG Of
which, with The $3.50 obtained from the city
ives As. 50n. shares. In its comments on the
The purchase q tho citys b. & o. stock Is
n tine interest Of tn Carrot party and In our
,pinion no one WI be admitted ,S !, to the deal
mt management. The. Danyille people and
theirs may, and nodoubt will, SECURE 2 per-
,ossibiiity Of the hqnagement Of the com
,any changing binds at present. we think
ighly improbable some day the D. IL
'ut before that Zeal is consummated the
pad must be brouh t up to paying basis, At
10 hs G rof doubt ana new
line lei to Come come Preaient MAYER and his asso-
y The deposit %G Il 81 100000 Baltimore and
Ohio Southwestep flrsts as security to bind
he contract Of pvchase OF the city's Z, and Q.
stock shows mot conclusively that English
capitalists are ithe deal, 1t will be remem-
9ered that HaHeline and Powell X Co. OF Lon
Ion. acting Torn syndicate. obligated them
elves to take ad did take all OF the c.. W. and
;. first mortgae bonds at par which were not
deposited undo the plan OF reorganization,
md also took S0OO.000 OF the Baltimore and
ohio Southwestern A us for the purpose OF fur
fishing funds re-e Iuip the road and for other
purposes. TaAng this in connection with
ecent visit oilpe OF the Messrs. Hazeltine TO
thehdications are that Mr.. Bacon
las an Englis string to his bow"
The Sarana and Lake Placid Railroad Com
pany was Incorporated In Albany yesterday,
rhe road WILDE constructed from the SOUTH |
,ry terminU o! the Chateaugay Railroad in
Franklin county. to the village
" Lake Plsid. a distance OF ten miles The |
'apital Is O00O0 Among the incorporators !
re Smith J. Weed. Legrand B. Cannon George
!. Weed. cd Alvin l. Inman.
At the aeeting OF the general managers OF
he Trap Missouri Associate In CHICAGO
esterda the Burlington. the Rock leland, |
he SAINT Fe, and the Chicago and Northwest
IN CAV thirty days notice Of their Intention
o withfaw from the Trans NJ ssouri Passen-
,er As0ciation. This will abolish the passen-
,er DEPARTMENTS. but the Trans Miss uri will
70 conlnued AS freight association.
The New York. New Haven and Hartford
3aiirad Yesterday obtained permission under
tar n 70, |