The sun., 1891-06-02
NEWS OF THE RAHR0ADS
The ct. Louis and Kansas City Road De.
fsuits ON ITS First Mortgage Coupons.

The gt, Louis and Kansas City Road Ne.
fsaits on ITS First Mortgage Coupons.
Yesterday the Toledo. st. Louis and Kansas
City Railroad defaulted on the coupons
OF its 100000 first mortgage six per
cent. bonds But 1t was only a techni-
cality and the money will DO forthcoming
to-day. 1t was all on account OF m inside
row In the management. The Construction
Company. which ID running the road.
has tho money on deposit In the Bank OF
America and &. H. Kneeland, who 10 at the
head OF tho company. wanted to pay the cou-
pons But the treasurer Of the company, for
some reason or other. refused to accept the
money. ..
Tho row lasted all day yesterday. but truce
was finally fixed up There was ostensibly
some dificulty in obtaining proper list OF the
bonds which should be paid. But II. ..
Armour is said to have been back OF the treas
urer. and there is an idea that the former.
would like to get control OF the road. The
understanding that Was reached. II ts said;
viii viii be- I turned m over to the directors to-day.
What will be- the outcome Of the disIute
The At9S s pst new the rss sas
tion is regarded as critical. viewed 10 the lieht
oiGeneral Manager Gharpells emphatic pt a.. an.
is no likelihood OF the Chairman's resembling
ss %Ssyns e 1t: ruins &! w
iained or not section d. article aS OF she
says:
Whenever any psnaty shall have been a,ss,sSa m sSa
1: p:sy s
:Ss within tn TIN, dsy: ef g. spss ss.
ssss:%"! Ss;ns sSS:,ss ss. %si
ali lines party hereto OF such failure.
II Chairman Finley's judgment in the case ia
taches to to-day's meeting. The only way
ns /. fsn 81 all e. ohes ssa IoSds Sd
and Organizing new one witn9ut @ the AitSn. ,Sa;
S as Hr %oS9 wS Alton %oad
sh9ae s1thousS S'S viii for he
1Sroosoe way out 81 the @ trouSs and decline to confm
Permission has been granted to Rosepdale
4 Hessbere. counsel for the state Forest Com, Com
peH peniss Whose rails cross State lands. and 10
eSeS eSer such ' lands This. Sermissios gives The
Forest Oommiesioners fnll authority to pro; pro;
Sfsa sSaaass 'ns WhcS sleaS
built on SSste lands: or against n the Adironi
down It's rails, In the mean time Dr., Webb
will begin an action under the general rail-
road act. asking the Supreme Court to appoint
Commission ers to condemn the land necessary
for building the road bed Of his contemplated
railroad. Thi. will bring tho apestion, before
the courts. and q judicial decision will settle
the Huestion II jurisdiction over these lands,
and whether they can be taken by railroad
companies.
Arrangements are now In progress for the
consolidation OF the Bangor. .Orons and Old
town electric railroad companies and the co9-
struction OF through line from Bangor to Old
town. distance Of about thirteen miles. The
Bangor company already has seven miles OF
road in operation In bangor and Brewer, and
It 10 now arranging for the oonstEnction OF a
steel bridge across the Penobscot Eivcr In or;
dor TO connect its lines. The, 0ldtown and
0rons companies we're granted inaependebns S; eb
directors are in favor OF consolidation.
The Duluth. South Shore and Atlantic Rail-
way has issued handsome guide book. do
OF Lake Superior and dressing up historical
points In readable language. II was written ny
a Well-known Journalist, and Is neatly Illus
trated.