The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-04-09
RAILWAY RACKET.

ST. Louis. April The junction of the
! Missouri, kansas aud Et>lera .lpe with
the Burlington at tiI- Missouri river
/ bridge. sixteen miles noItG of -. Louis.
was this morning effected without crse-
mony. The Missouri. Kansas aud Eastern
| is the corp rate name for tie s.. Lon yx
tension OF the Missouri Kansas and Texas
main ilue from Franklin. Mo n line
w II soon be In operation wa 81 Charles.
| W hen The Burlington : bridge aCros> The
Missouri river Is com pieted the " Issouri,
Kansas aud Texas trains WILL come INTO
81. Louis over the tracks of the Burllus
ton aud Will jointly use tbe Burlington's
extensive terminal facilities in the north
end. All the arrangements between he
Burlington and the Missouri, Kansas aud
Texas for Jeiut terminal facilities in IT.
J Louis have been com mDe;ed, and the uuv
bridge over the Missouri river thirteen
miles below ST. Charles VIII afford the
necessary inlet. The Missouri Kansas
aud Texas Is making extensive prepara-
tIons for the development of the traffic ul
lis 81 Louis line during tue coming sum
mer.
PHILADELPHIA. April At Z. meeting
OF the board OF directors OF the R-ediug
Railroad company, held az noon toaay tAe
resignation OF President A. \. Mcleod
was accepted, ond Joseph II. Harris was
chosen to fill che vacancy. Thomas Nc
heEuan was elected member of the board
OF directors, vice Thomas Dolaud. resigned
NEW YORK, April e.-lhe figures made
up 10y tue Interests which viii have thr
principal par IN the reorganiZ ttIon of he
Reading railroad show that. the proposed
scheme for financial reorganization OF tue
company VIII require tue RAISING of iarg-
sum III actud! Cash, The money will have.
to TIE provided 10y the security -hol er-, AID
an assessment VIII therefore be III tde Oh
the stock and bon'.- Hoiier>, who of
course, receive new securities OF some kind
for The money they furnish IL has been
decided that not only must the Readings
entire floating debt be paid off, but that u
must be supplied with sufficient working
capital 10 make II independent OF tEe vary
ing conditions Of the money market, from
which IL has suffered greatly in the past
IL is understood that Joseph ii. Harris
who has been selected for pr sident aud IL
one of he receivers, Will assumes the man.
as:rment of the property only OH condition
that he uniunued debt shall be wholly
c,ea ed up, and that the company shall be
put in possession OF sufficient funds en-
able it TO cary i,rge stock ol cUu with
out embarrassment.
FORT " oHTl. LEX, April Sit is at
Inst settled Dei Qua ANY reasonable doubt
that Fort " Orth has secured tho much
coveted Rock Island railroad. Ia response
to a call for II meeting of cilizens the
chamber OF commerce was thrown open
Yesterday morning. They met aud dis
cussed the matter thoroughly with the
Rock Island representatives, who with
Fort Worth representatives, have been
negotiating for more than two weeks
The city is to furnish warranty deeds aud
fee simple title 20 all lands required by
the company in locating their right OF
way through TarrauJ county except such
property rs may be- acquired uy cOndemua-
tiou proceedings. The company is author
lied to condemn property, the city TO pay
all costs or such proceedings, aud ia case
OF failure to pay such costs the company
under the agreement Is 10 deduct such ex- |
pense from the aggregate amount which |
the city shall receive. IL Is asserted that
the agreement viii be made and the Rock !
Island secured beyond doubt The Rock !
Island people exact a guarantee from Fort |
Worth that the right Of way iuto the city |
VIII not cost 10 exceed $4,000.
CHICAGO, April Sat a meeting OF the |
general managers OF all the lines running |
10 the Missouri river and to the mort Invest |
held today, it WAS determined 20 lengtEeB /
the time schedule between Chicago and /
1t. Paul aud Minneapolis Chicago and I
Omaha, Chicago and Denver and Chicago !
and Kansas City. The running time will /
Ia al! cases be increased by one nour.
veri,able family medicine box, BEECH