The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-06
NEWS OF THE RAILROADS.
UNION PACIFIC SAID TO BE IN
TROUBLE OYER ITS FLOATING DEBT

the company had not been able to sell It's new
collateral trust bonds and so had been borrow
ing money on them. Some OF the loans had
been called, IL was said. A meeting OF the Ex.
eoutive Committee OF the company in President
Dilon's Office yesterday lent color to the story.
Directors Atkins and Dexter came over from
Boston on purpose TO attend tho meeting, and
It 10 said that the floating debt was discussed.
President Dillon said to a reporter: 'Loans
have been called, 10 be sure. but we have al
rendy had plenty OF money on hand 60 meet
them. Auditor Brown at Omaha informs me
that he has sent to tho office at Boston earn
ings amounting to 81 100. 900 for the month Of
July. For August presume that they will
amount to 81 100000. so you see We are not
suffering Tor want Of moroy."
Mr.. Dillon would not say how extensive the
loans wero that had leon called. But the
company WINS never In bctter condition. he
said. so far as the operation was concerned.
Expenses have been cut down 10 the lowest
turns are Sai lar Better than NAYS! Year ago 'n'
=, Chairman Finley,s latest order in regard to
pool Of the Western passenger Association is
that all pnsseneers ticketed to It Paul and
S Sss ' snS ss sS.n be hs g ,
sIs L. TIA, IT. issseH ~ Mr. Finley to o ho
trunk NIX lines Mr. Jehnson as as and
routing tue bus ir ess Yves, II Chicago.
Nov .ir Iohns"n y, Is practically member Of
ing any iaIors OF tho trunk lines Mr. Finley
Ar t. send a" his business
Us he has been doing. ,TIelstter are ahead on
their their erceo'ases and the nHrnxt9n is be;
S Svony era o thSust MAJ Mr. and Shnon ns
81 thu. souny The tms hss oM.
when tho trunk lines have nrncIically no,sy
caxo. Mr. J ohnsoi ~" whom they tried to force
I" the wall. has everything his own way now
1t VS. not so very long ago that the Western
selves.
Central gave Peter Mcqueen Gibson. the
night at s honse in Forty. foII,h q strees: Mr.
Gibson has Just resigned his rlace after TWEEN
ness ii. started ia the cor, pany's shops and
terward served sn as az sngn ns; He became
4 committee, 81 eivht. consisting Of Nat Saw;
sna Mshaei Iynch Fssd Elliott JONI ss
mems brotherhood. had been quietly canvass
Ing the road for sever al weeks past They col
ssrvee hes Win
II. Several scores OF them met at the Forty
NTH street r"undhouse TO form In line. Nat
the snrin"eis. and john Riley told Gibson how
much thu tlremen thought Of him.
Central.
A lot OF traffic officials interested In cast
bound lake. and-raIl la,es mot Yesterday ut
see i they couldn't improve The, situation: a
few tays ago the Anchor line made . cut .f2,s
sna tie "tSsr lake 81 s @ s
In a week or TWO the shipments Of Western
farm n;;SSducts will DO be-, 20 heavy . that the
es sss N In view Of this TACT. i, was ed
unwi.e 10 reduce rates when they might fai:ly
sv,sed to ehecI he warning lake line whioh
they contro The ifn and sixth class Isk 90
CENTS re laes The sira 70 rates 'a ar.
cents higher.
The special committee, Of the Chicago City
Council will stnrt East to-day to Investigate
tn ~ I IN Es1sr oes inv with a
tracks OF tho Lake Shore and Rock Island
rUacs.
IN tho United State. Circuit Court at Kansas
City yesterday the Central Trp Wt COMPANY az.
projects, the Kansas /! ity Bridge and Terminal
Company and the !s kausns City. Chicago md
hSider o., A 81 Soo1 Of the bonds II the two two
concerns. The court look the matter under
advisement
General Passenger Agent Charlton, Of the
s"a bad % hi I'll. ysr
ior :s5s against r. Alton; ,oF is Gp Ss e
OF June. 1881. Mr.. Charlton replied;
did nothing or u; in III, month Of June :n
proceedings delay nd-pendent action ON our part 10
ssai%:s ~ and S.'%; snsS rcs s.S i
euds rs from 4. s:.1ci."n when you ps.ss arc v:
~ ne and Or o pF d. 10 =" e
ssvs. occnsontd ~ your cour.e u Leading u. to DO
we have claim or DAMAGES .rAinss you in.tesl Of
your having any claim against us
but Two alternatives. ono is 10 institute legal
proceedings against the Alton or the amount
named IN the Pin; the other ri is 10 drop the
the association for the first hal, Of juno. with
the Alton left out II 10 81, net likely that tho
The passenger officials of the Chicago.st.
lines Psc nni
rouds. In consequence o. the $l0-raie existing
between lineage and The Missouri River. the
81. Tanl and chicago on all through business
Great Northern lines The only road IN favor
q aceept!nG ,ns proposition M !. the Misco3.
to &C! with Northern Pacific. tn. others re-
their due proportion on such through businesa
They decided to continue the present pro-
rating arrangements.
A. D. Morton. Vice President OF tho Cincinnati
and Cape Fear ltnilroad. has rrco. ded In Bark
ley county. :, C., a mortgage for $3.0OO.0nO o.
10 be 10 r,!n roni from Norfolk 10 Charleston
east OF the AtlaHtic Coast line, entering
River. crossing Ashley River and going down
line from Norfolk to Southport, n. C.. and Is
hudins q linz from s.uthEort to conway. :.
o,gr!oyyn 70 Charleston. The cnHmPPSany has
md Lit'" Hun Railroad. with all the necessary
land grants.
Amutual benent and building and loan asso-
citation on q large scale was organized on
Tuesday night hy the engineers ard fremen
Of many Of 4. Leading 70 ids about New } ork;
OF thirty directors. Tho resident Is NJ N.