The sun., 1891-06-27
NEWS or THE RAILROADS
Latest Information OF Interest From All
Quarters.

Quarters.
From the fact that President John il. 1nmnn
OF the Richmond and West Point Terminal
Railroad has been absent from bis office thero
hos arisen hazy fumor Tint the company
will default on its interest payments. Vice.
President Rutherford said yesterday that there
ia no truth whatever in the report. No inter-
est is due on collaterals until September.
There fs. moreover. plenty OF cash In the COM
pnny's Golfers 10 meet all obligations. interest
charge. and dividend payments he says. for
over two years.
The Supreme Court OF Texas has decided
that tho General CT the State had no
right to interfere with the foreclosure suit OF
tile Farmcts s. Loan and Trust Company OF this
city against the International and Great
Northern Eailroad Company. The Attorney
General brought suit against the Trust Com
pnny on tho ground that the consent OF the
bondholders OF tho International nnd Great
Northern to the making Of the first and Sec
ond mortgages had never been Obtained aud
filed In the Secretary OF States office. 1t has
tianspile ed that the docnmen nts were filed. but
not endorsed. This the Attorney General
commented on, and aso on tho fact that un::
Ger the laws OF Texas bon1s cannot be issued
except for work done on the railroad. and that
the amount OF bonds in question far OK
SSrd,I tho ,1ius Of any work done on tue road
fncts. The decision OF the supreme Court
practically ia thnt the question oil tue amount
IL OF interest only TO The railroad and It's credit
ors. ma that the. state has no | ter est in the
is fraudulent or not. 1t was insisted By the
At,orney;General hat inas smuchas 1t has been
the sne eo redsc he % s low ns
not TO admit OF payment u interest on bonds.
tho State had, therefore. IN interest in having
be. 1t seems that u Court believes that the
Question rrsySSusly stated shopld come up
take TO reduce the rates OF tho International
and Great Northern and the rail- oad falls to
stood charges as h gh rates as the inv permits
on account Of c9mpeti'ion. u the supreme
the matter at the International and Great
Northern. and had consequently sent the case
back to be tried on its morits. the boniholders.
ney.G-neral had mo case" the. full yaiue Of
the bonds having been expended on the rail-
The railroad being completed between Hor-
York aud fennsyv % vsnia Cgmnany i viii. il is sx-
perted; be open for business before sept !.
Only 10, feel M Of g aiding; near @ SWANS S n y " YET
ins the rails ~ viii Be finished by July s. iTRe
road road viii not TO abs9iuteiy new one An
the Western New YORK and PENNSYLVANIA Com
Tess sp
iorty-two miles in distnnce over the present
way OF reaching Rochester from Hornells,ille.
General Passenger Agent Charlton OF tho
FINLEY Of the Western Passenger Association
b 9 ayS5 e, tSs ,'a cssso fss1
St. Louis Chicago ef to Kansa City. and Chicago
to Denver; l have the rIeasn,e to adyise you
nerce Commission that we viii place in effect
10 St ISH s c SSns.sG Tsss 9a.,s @
are rendered necessary by mileage tickets and
essarsion sa tickets being msae practically
territory in which we are boycolted. such tick
scalred over, the lines Of our competitors
evidense OF all ths sy vas placed before
ra' named hereln between Chicago and Kansas
City makes no lower rate for our competitors
ha they .ea " aI ,ss
due d one-wnv rate will not decrea. the rev.
to the rate from Chicago to st. Louis. We ars
mrps Is osass WIZ eRess
and our competitors nre reap!nG harvest be-
sS1sn{ sS51s 5s %P s ds h'y
louis louis to- 10 51e choaso % and s2 from Z Chicago 10
competitors"
General Passenger Agent Eustis Of the Chi.
cago. burlington and Quincy road said to re-
porter in Chicago Yesterday OF The reported re-
senger Commissions in Eastern iorritory:.
The report as 1t has been published places
IN on se
tent, and have not, vacated our agreement
with the Bonri Of Rulings; Some Of the Eust.
and consequently We have not had that Iro- |
lection which was a condition, OF our com.
Ruiins.. H WE We no @ longer e iesl bound not % to pay
commissions to the agents OF those roads.
ned sSn to re- Central Trsie Assocaion terrtory M
Accordingly we hive given notice: which Is
now effective. OF the resumption OF commis-
sion raying to the agents VI those particular |
The other roads will probably follow the
example. |
The Boston and Maine Railroad has voted to |
issue 46 .564 now shares OF stock. twas quoted |
yesterday at $595. but the par value Is 500.
A despatch from Alton. ILL.,. says 1t is reported |
the HISS s.. % louis. Alton and sprinsheld Known as
tho Bluff limo. and will take possession July l.
Busiaess Troubles.
Tho assignment OF George W. Stetson & Co.. |
pig iron commission merchants at 60 Wall |
street. is declared at the County Clerks |
OIllc6 10 10 UoIocLlN o, dS LILO uccu uOI RlV0
the place OF business OF the finn Although |
the house bears the name OF George W.
stetson he has not been an active partner for
nearly five years. Ho has. 1t is said. been
managing the estate OF his wife. who is a
daughter OF the late Senator Wagner. The |
liabilities OF the firm are put at about $100.00O
and friends OF tho firm say there are enough
nssets to pay In full
Augustus c. Brown has been appointed re.
ceIver OF the metropolitan Watch Company OF
30 East Fourteenth street.
An attachment has been granted against
in this city OF Isaac J. Levene.
eweler OF Bnghamton for S721 in favor OF
solomon C. Powell. TWAS alleged that Leyene
had sold ont his store and mad sold stock ut
Imotion at half value, and that he had secured
extensions from creditors by representing that
10 had assets OF $1,000 against liabilities Of
7.0O0
deputy Sheriff Fox has received four execu-
ions; nggregatlpg 5000. against Daniel ).
D0nohue. who hns a. caf,, In the hr,o York
Times building Fox has been unable to levy
upon anything. for D9nohue says S he owns
%. have notified the Sheriff that they own the
Ia a 10 4 MN