The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-07-09
RAILROAD OFFICIALS TRIED.
Action On Charges Of Violation Of The In
terSlate Commerce Law.

ST. PAUL, July S.-The trial OF President
Eagan and General Passenger Agent Hold
ridge of the Kansas City Road, for violation
OF the interstate commerce law, began in
the United States Court this morning.
Among other witnesses was Charles III.
Petsch. who testified that he had trans
actions with Eegan and Holdridge in which
he bought 5000 tickets. paying S35,O00. At
that time th"re was a rate war, the rate be-
ing 81. He asked Holdridge if he could buy
the tickets and make them unlimited, and
Holdrdge said no. that he would sell Petseh
all the tickets be wanted at 81. He bought
the tickets stamped and unpunched. They
were to be frst-class in all respects, with no
limitations.
After severalrailroad men were examined
on the difference between limited and un-
limited tickets, The defense moved to dismiss
the case, there Icing proof of the charges;
but the motion was Ovefruled and an ad-
Journment had until tomorrow The out
look is believed to be very favorable for the
defendants.
THE PACIFIC RAILWAY COMPANY.
CHICAGO, July S.-Judge Altgeld to-day
entered finding for S62. .2O2 against the
Pacific Railway Company OF Chicago and
Los Angeles, CAL, In the suit of Charles
Whitacre. The Pacific Railway Company
was formed by G. B. Holmes. the cable rail
Iodu ulul, hHO OtucI AulCdSO CAPITALISTS
They bought the street-ear lines of Los
Angeles and cabed them. The venture
proved Improbable aud the company was
put into the hands Of a receiver. Whitacre
brought suit on behalf OF several Chicago
banks ana others. on notes given by the
company TO raise money for the improve
ments made. The claims represented by
Whitacre aggregated $3.50, coo. The suit
was decided to-day in his favor, and was on
notes. aggregating S6o,0O0 given to the
American Trust and Savings Bank. The
company prayed for an appeal from the
finding.
Representatives of the Lake-street Ele-
vated Road to-day denied the report that
the Canadian Pacific is to secure possession
OF their property.
THE OREGON PACIFIC.
New YORK, July S.-The opposition to
the present management Of the Oregon
Pacific Railroad had appointed committee
OF bondholders 10 reorganiZe the road and to-
day the new committee issued statement
charging the management with the issue of
over S11 100000 more bonds than was war
ranted by mortgage The mortgage pro-
TO $3.50 per mile. So far, 140 miles have
heen constructed, calling for the issue of
So, 100000 in bonds. The company, how
ever, issued S15,0C0.0 600 in bonds, and justi-
fies itself by asserting the line when conf
pleted, will be GOO miles long, and that the
bonds issued on the system will then be
only $4,000 per mile. The bonds, which
were placed at so, have no market value, and
the company has floating debt of S200,000
The committee, 1t is understood, will bring
legal proceedings against the officers.
DIVIDENDS DECLARED.
The Directors of the Canadian Pacific
have declared a regular dividend of ~ per
cent from the Canadian annuity and / per
cent from the earnings, payable August
17th.
declared regular quarterly dividend of u
per cent, payable August LIST.