The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-26
NEWS OF THE RAILROADS.
PRESIDENT MOFEAT or THE DENTbR
oND RIO GRANDE RESIGNS.

Doesn's like the Attenpt OF the hoard or
Directors 20 Manage Detail. From New
Tork-Two Loco motives In Oae.
A despatch from Denver says that on Thurs.
dav last President D. H. Mofrat OF the Denver
and Rio Grande Railway forwarded his re-
sienation to the Board OF Directors. No action
will DO taken until tho FIRST meeting OF the
Bonrd in September.
MIR. Mofrat said yesterday that he resigned
because he was not In accord with the recently
adopted policy OF the directors in attending
to manage the details OF the business from
New York. aud therefore no could not seem.
ingy assent to tho now order OF things by
longer remaining as President OF the COM
pany.
The Rio Grande system embraces 1000 miles
OF railroad. For almost four years he has had
charge OF the road. and in that time he has
changed almost the entire road from mar.
row to standard gauge. put on first class roll
ing stock. extern led branches, and NJ ade the
eonsdersd an ' %nior,unate thing In toioTado
The Pennsylvania Railroad ia building at
the limited trains mt the necessary. speed. II
viii be more than twice as long. il Is said. M
Of driving whesis TSe Wheels viii VIII be Under
Two ,has shs Ss can round
President Kennedy Of the Cum berlnnd Val.
icy Hnilrnad snys that his company Will extend
terminus to Fannelsbnrg. seven miiss up
katn valley An ensneerine corps is now max;
Railroad westward has not been determined.
have sse TO ss M an
opening to the great coal fields III tho section.
Tho low amman tourist IN tea ~ tha "SooD
limo will be mot by ali the Western roads that
c"mpe,e with Il Chairnan Finley gave them
ticipated ~ tho Wisconsin cenira'. which met
the 500 lines rate some tino ago.
4 meeting was held at Chairman Blanchard's
change IN the percentase basis Of east anu
weeks ago in reducina the rates between Grand
Chicago rate caused similar reduction at va
Iious other points and caused considerable
ssD as the oat po ao
s.o Ss 'Ssss' hsd si' ! S$Is'ss
decide. to INT tho sS1nsed Sa:s sG nss
Chairmsn Blanchard and Goddard to max"
such qualifications as may be desirable for the
The Western roads did hg
puslneSs yeStSTuby, puL IL lS sa1Q 10 10 QOuDl-
full II any OF them will show corresp tdiug
results in revenue. 1t was the first OF tho
harvest excursions, and all tho west
bound trains were crowded with peo.
p.ls who were taking advantage Of
the low rates to reach d stant points
In the Northwest. South. and Southwest. The
ticket brokers in Chicago. Kansas CITY. Oma-
ha. ST. Louis. and St. Paul will reap large re-
turns from the first excursion. In Chicago
they announced onc-way rates as follows: To
Denver. 500: Kansas City. $3.50; Omaha. $40.
AMI ST. Paul. $3.50.
OF cour.e any one desiring to go to any OF
these POINTS at the rate named had to pnr.
chase OF tho broker u round-trip excursion
ticket. but he also received nm order that Ell.
nbled him. on renching his destination. to sell
to auother broker the return portion for an
amount sufficient to reduce his actual
outlSy to the figures. quoted above. J he
ecalper at each end OF tho line makes 81 or 81
out OF the deal and tho purchaser saves 50 to
S. on the regular one-way fare. The return
portions good for thirty days. and. as there
Will be TWO more excursions on SEPT. Is and
~. Western passen ger rates are likely to be
badly demoralizei from now unit! Nov. l.
II Is not believed that the brokers could be
40 plentifuily supplied with these tickets II
they werc not furnished by the railroads them.
selves. II any OF tho roads are playing TIL.
gnme. and the indications are that nearly all
ing brokers at Western points with return
portions Of tickets that have never been sold
for the going passage.