New-York tribune., 1894-09-25


The proportion Of operating expenses and taxes to
gross receipts has been - J60-l,OcO decrease OF
| 52l-lco per cent from the previous year. The In
creased gross receipts came from passengers and
was incident to the Worlds Fair. From May 10
october 81. 1893. there were carried al a uniform
rate Of 10 cents for Journey Of over nine miles.
S7so.66 passengers the special Worlds Fair
trains without serious injury any Of them. In
the regular suburban trains there were carried
within that period 9.35s.69j passengers. and the
travel In the other passenger trains was also un-
usually large. Tho receipts from freight decreased
S275S9 or 4l3 per cent The interest on the funded
debt Increased by the payment on July |, 1894.
OF six months interest upon A5l7,00 per cent
bonds actually delivered in payment for the securI-
ties OF the Chesapeake. ohio and southwestern
Railroad Company purchased last autumn. and by
the payment Of the full years interest In the 3d.
co.cD per cent bonds Of 1883 issued against the
purchase Of securities OF tine Louisville New-Or-
leans AMI Texas Railway Company. This is more
than offset by the increase in inc cpme from invest
menis Tho company's insurance fund has in
ertv IS IN better physical condition than ever be-
fore tn" outlay on capital account was S.sN25SI.
The first complete official statement regarding
the purchase of the Chesapeake. ohio and south
western from c. p Huntington is given in the
In ore, 70 obtain an outlet to the north FOR the
oli' ny- - ,bo yzoo and MisssIpp Valey Railroad
c,,y All he main Inc Of The chicago 81. Louis
sn} %cw-Grlcans Railroad At Fulton. Ky advan-
f,ge w,s ,aken OF the low prices prevailing during
s mo1y nf s 6 er s%mmP 70 Or pFhTe9a5 he S
Ohio ana Southwestern Railroad. and of some of ne
companies affiliated herewith. Abstract J.. at
;aus schedule = ihe securities. claims and pieces
n real estate purchased Tne Latte. inc.ul" NauabI.
and ample terminals In Memphis, Louisville ana
Evansville Tn" securities purchased carry IN aaal,
ton 20 the clntr0. of th- Chesapeake, OHIO ana
S,nihwcstcrn Railroad Company AMI second lien
on fs main Inc. the control of terminal coIlpinl'S
ana the ownership ~ lands necessary 20 tho sue
cc-,ful operation Of hat ra-way, anl ne lease ahi
or,lon 20 pnrchase y0rynvp miles of railway lead
critics purchased have been mortgaged 20 the United
S'tcs Trus Company 30 secHTG an a"Snor'Ze' 'sSnr sue
cent gold bonds payable a. IS option between jan
uiry !. iss and January , isei' There have been
devere or conir1c,ei 70 oe c ~ bonds 0y
The remainder. 81 5oOoO reserved 20 buy up me
minority Interests in Ike securities an1 5000
illinois Cen,ra. dollar for dollar. against the do
rlsl. with ne Tni'- states Trust Company ~ tne
per cent first mortgage bonds ~ the 'hesapcak".
Oeo ana Southwestern Railroad Company These
lae'-nancl bonds are secured by Hen upon me
main .ine paramount 20 ,ha, o' ne second n,rgass
Company. bat neither len covers IN" terminals or
me securities Of AMI Gains against the ahiia'ei
An unwillngness 20 encroach upon he territory
s4rycl by N Louisville AMI Nashville Railroad
Company trough, about contract Tor IN. SAFE 20
cb,.et ,hov paving therefor $3.50 co0 II their per
cent god bonds - Ike tenor and date with those
ssuea by your company. ani contracting 20 deliver
ll,ion,l Nke bonds dollar FOR dollar. against fur
ih@r issues - Illinois Central Is -. .
The Louisville ana Nashville R'lroai Company
aisr CONTRACTED among other things. that Il would
cause the Chesnpeakc. Ohio AMI Sou,hweStern KAN
roal Company or its successor 20 lease. or should
So,i,bwestcrn Ralronl Company. II will lease, in
p.rpctuliy. TO the Illinois Central Railroad Com
pany equal rights with ltself TO the use OF th1t por-
Ton of the railroad extending from Fulton. Ky. to
Memphis