The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-09-11
GENERAL NEWS
OF INDUSTRIES

steadily increasing, and they expect to
see their rolling stock in full use within
month. No great gain In the pas
senger traffic Is anticipated for the
present. but as by far the larger por-
tion OF earnings comes from freight, 1t
is that branch of business which Is re.
garded with the closest attention.
Speaking of the reported find Of an
thraoite coal in Damascus township,
Wayne county. the Honssdale Herald
Gays: IA contract has been made
with some expert drillers to sink a
we'll at least 300 feet deep. to more
thoroughly test its presence in that
neighborhood. If coal in paying guam
titles should be found on this side OF
the Moosic. the discovery would be
another hard nut for the geologists to
crack. They claim that our minerals,
If we ever had any, were dug out or
scraped away by the big iesbergs dur
ing the glacial period. whether the
scientists are correct or not Is ques-
tion that some OF the prominent busi.
ness men OF Damascus are determined
to find ont"
William S. Speirs, the Lshigh Rail-
road company's western freight agent,
with Office at Chicago. has resigned,
and e. j. Henry has been appointed by
General Traffic Manager Taylor as his
successor. Mr., Henry has been the
local agent at Chicago Of the Lehigh
Valley Transportation company for
some years, and takes into his new po.
sition large experience. He has re-
Gently been acting as export agent for
all the lake lines controlled by the
trunk line railroad companies. As
western freight agent he will have
charge of the Lshigh Valleys east
bound business, both all rail and lake
and rail.
The prolonged issue between the L..
high Valley railroad and the Trunk
Lines association has practically re-
suited in a victory for the former. The
Lehigh Valley claimed ,that the per-
centage Of passenger business allowed
by the association was inadequate.
nd, with the view of forcing more
liberal allowance, it placed thousands
OF cut.rste tickets on sale in its numer-
Gus offices. The effect was not unex-
pected. Competing lines united in Il
vigorous protest to the Trunk Line as.
sociation. The Lehigh Valley, how
ever, refused to withdraw its cut-rate
tickets. and through General Traffic
Manager Taylor practically told the
association that the war would end
only by the exercise OF more liberal
policy toward his company. The
steadfast policy won the fight. The
association yielded, deciding that the
Lehigh Valleys allotment on all busi-
ness in the Central Traffic association
territory was to be increased from 3 to
per cent, and on the business to Buf-
falo and Canadian points the percent.
age was to be increased from 3 to per
cent.
The last issue Of the Financial Chron-
iele contains lengthy article from
from which one can get some idea OF
the intensity Of the depressing infiu.
ences under which transportation busi-
ness suffered the first six months OF
1894 While the losses in earnings
have been distributed all over the
country, few of the large systems
have sustained phenomenal decreases.
The PeDniylvsnia eastern and western
lines conibined) has fallen over $l2,.
$50. 900 behind; the Atchison and the
Union Pacific each over s.. 600, 600, the
Burlington and Quincy. So. 375 900; the
Northern Pacific, $500. 900; the Erie
,ver SO, 900, 900; the Reading nearly So,
100000; the New York Central, So 750-
900; the, Baltimore and Ohio, 81. 750, 900
the ST. Paul, the Lake Shore and the
Southern Pacific each $2,500. 900; the
Missouri Pacific and the Chicago and
Northwestern, each over 81, 0O0 900
the Great Northern, $1.750. 900; the
Louisville and Nashville, 81, 500, 900. etc.
David Il. Fisher. of Mt. Carmel, has
invented mine ventilating fan which
is highly spoken of. Mr. Fishers ex.
periencs as miner taught him that
the deeper the mines became the
stronger the current Of air should
necessarily be. At the same time he
found that one Of the great problems
of the day was the proper manipulation
of these currents. To this end he ls
bored zsalously for time and has been
awarded in the completion, construct
ing and patsnting OF powerful screw.
propelling ventilator One Of the feat.
ures that miners will appreciate is that
by reversing the engine you reverse the
air, thus keeping full control Of the
current. Embedded In the frame OF
the fan Is an upright engine which
will be means of economy in room
and in buildinr
The Schuylkill and Lehigh Valley
Railroad company have purchased from
James Mudey. executor Of the last will
and testament Of Joseph Dolan, de.
ceased, the seventeen twenty-fourthi
interest In piece of ground located In
Yorkville, and containing GA. 0e0 square
feet The ground Is situated on the
north side Of the main street. immedi-
ately opposite the hotel, until recently
under the proprietorship OF August
Wachter. The land is In close prox-
unity to the tracks of the Lshigh ruu-
ming to York Farm collisry. JUS
what use the company intends making
OF the tract could not be ascertained BY
the Pottsville Chronicle.
1t is autboritively stated that th,
committee Of the general mortgage
bondholdsrs, Of which General Fitz-
gerald Ia chairman, the income bond
holders committee. Of which w. Mer.
tens is chairman, and the firm Of Drex.
el, Morgan & Co. are not anywise al
lied with or committed to the cousoli-
dation movement headed BY G. 81
Earle. The Earle movement was in.
tended to harmonize ell Reading inter
ests, but up to date they seem to have
accomplished only further distraction
in New York. This movement NAV
yet lead to peace but it looks as il the
Iwas not over.
Action on the question of dividend
will be taken by the directors of the