The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-02-17
RAILWAY NEWS.
Gould's Attempt to Secure Control Of the
International and Great Northern.


junction issued by Judge Beach OF the
New York supreme court on application
of the Missouri, Kansas and Texas rail-
way has been served on the Central Trust
company and other members ofthe reor-
ganiZation committee OF the international
and Great Northern. The injunction tenn
porarily restrains the Central Trust COM
pany from paying out any money on ae-
count of defaulted interest OF the Interna-
tional and Great Northern. The order to
show cause why the injunction should not
be made permanent Is returnable on 1ues-
day next. On account of unpaid coupons
and accrued interest thereon there Is due
s., ,7S4, 957. There is also an unpaid ludg-
ment in favor of jaw Gould for S537, ,3S3.
The application for an injunction was
made by Henry W. Poor, a member OF the
executive committe of the board of dlrec-
tors of the Missouri, Kansas and Texas,
and Simon Stern, general counsel OF the
colapany. Mr.. Stern's affidavit declared
that Jay Gould has delivered 1852 shares
of the International and Great Northern
stock to the Missouri, Kansas and Texas,
on which it was impossible TO make de-
posit of mt >ey as required under the re-
organization plan before Feb. 10, the last
day allowed for such deposits, and that
Mr.. Gould proposed to make the deposit
adversely and receive stock iD lieu of that
delivered to the Missouri, Kansas and
Texas people, and make them deposit
$500 900 as an assessment on the stock at
the time when the same is payable. The
stock holders so paying the assessment ap-
plicable to stock owned or held by them or
by others will be entitled to stock IN the
new company equivalent to that upon
which they shall have so paid the assess
ment
In Mr. Poor's affidavit it was declared
that the proposed plan OF reorganization
had been made for the purpose OF securing
to Jay Gould and TO the railroads under
his control the practical ownership OF the
International and Great Northern. Mr..
Poor asserted that the Missouri, Kansas
and Texas had not assented to the propos-
ed plan, but that it had constantly opposed
it, as being destructive to its interests and
in contraveution of its contract rights, and
that the plan could not be carried out, ex-
cept through Gould's voting stock which
he held in trust for the equal benefit OF the
Missouri, Kansas and Texas and of him
self.
The order granted by Judge Beach re-
strains the committee from carrying the
plan of reorganization into effect; from re-
ceiying on deposit any of the stock of the
International and Great Northern, and
from receiving from Jay Gould, directly or
indirectly, payments by way or assess
ments intended TO be applied to the stock
from disbursing any money deposited by
Gould under the reorganization plan, and
from carrying out any agreement hereto
fore proposed by which Gould shall be-
come entitled to stock in the new company
to be formed under the reorgalzation plan.
ST LOUIS, Feb. 16.-FOr many weeks
there has been talk that the AtchiSou,
Topeka and Santa Ee now owner of the
Kansas City and Colorado, was about to
extend that line from Union, It's present
terminus, to Kansas City, thus giving the
Santa Fe a good connection with this city.
Today report, apparently we'll authenti-
Gated, gained currency that contracts Wee
about to be let, but it could not be con-
firmed The report may have arisen from
the preparations to extend the Missouri,
Kansas aud Texas to this city.
ST. LOUIS, Feb 16.-Chairman Faithorn
has sent out notice for general meeting
of the Southwestern Railway and Steam
ship association at headquarters in this
city on Thursday, the 18th inst. The
meeting of the association proper calls
for the attendance of the general man
ayers of the lines in the association, and
subjects of great Importance are to be
taken up at the coming meeting. The eX-
ecuJive committee will review the work of
the rate committee at its recent extended
session in ST. Louis.
CHICAGO Feb. 16.-The furry in north
western passenger circles caused by the
threat of the Chicago, st. Paul and Kan
sas City to sell 2,000-mile tickets at the fiat
rate OF $40 and 40 make such tickets avail
able to bearer is over. The difficulty grew
out of an agreement between the Minne-
apolis and ST. Louis on the one hand and
all other northwestern lines except the
Maple Leaf on the other, by which the
mileage tickets of the Minneapolis and st.
Louis were made good for transportation
on all roads in the agreement. The Maple
Leaf was apparently shut out OF this
agreement by design. The Chicago and
Northwestern the Milwaukee and st.
Paul and the Wisconsin Central, desiring
TO avoid trouble, gave notice today that
their agreement with the Minneapolis and
st. Louis had been abrogated COnSe-
quently the Maple Leaf is satisfied to drop
the matter.
CHICAGO, Feb. 16 - East-bound ship
ments Of freight continue heavy as COM
pared with one year ago, though last
weeks shipment shows a falling off as
compared with the preceding week. The
total number of tons carried last week by
all lines was -. sos, while during the pre-
ceding week the aggregate was 105, 30
tons, and during the corresponding period
last year it was Il 40 tous. The shipments
of -four grain and provisions from Chicago
To the seaboard by the lines In the Central
Traffic association amounted TO 67. .S5l
tons, against 7l,753 tor the preceding
week, decrease of ), ,902 tons, and against
40 Go for the corresponding week last
year, an increase of %, I15 tons. The Van
derbilt lines carried 80 per cent. OF the
traffic, the Pennsylvania lines "A per cent,
the Chicago and Grand Trunk = per cent,
the Baltimore and Ohio 9 per cent.
THE TEMPTATION.