New-York tribune., 1895-08-25
RAILROAD INTERESTS.
A SUIT AGAINST GREAT NORTHERN.
rr ,s BELIEVED TO BE FRIENDLY. THOUGH ITS
NOMINAL PURPOSE IS TO PREVENT A DEAL

NJ rs BELIEVED TO BE FRIENDLY. THOUGH ITS
NOMINAL PURPOSE is TO PREVENT A DEAL.
WITH NORTHERN PACIFIC I
@, paul Aug "a bill in equity was fed IN the
..,ued states Circui; Court yesterday by Thomas
az pearsall OF NewYork. against the Great North
, Railway copy OF the bill was served on
C.,onel W. p Cough vice-presdent OF the Great
~or,hern While the nominal purpose OF the suit
=, "a prevent the consummaton OF the proposed
",ssre Of cooperation between the Great North
w.. and Northern Pacific II Is thought that the
,, Is brought with friendly intent 1t IL said that
.s action Is rather welcomed than deprecated by
.na Great Northern. as 1t will bring to a speedy
.,,,ement all the legal questions involved The bill
shrres that the Great Northern and the holders OF
,s,ori,v Of the outstanding bonds secured by the
a,rd third and consolidated mortgages OF the
No,thern Pacific Railroad Company have entered
,,o reorganization arrangement. The relief
,, Is that the Great Northern shall be re-
strained from entering into and carrying out such
stockholder in the Great Northern. The theory
bin . hst so fs r s M he Value of Their soe
wiz M'tsoncerned by the proposed arrangement The
so,nppc,on pending the litigation before Judge San
I'm 10 be heard on August Is.
s,,cs the recent trip of j. J. HILL president OF the
.c.,, Northern Railway to NewYork. and his
.,,n after few days stay. the belief is growing
q, Wall Stree, that the proposed combination deal
:, the Great Northern and Northern Pacific Is of
" rcported at the time Of Mr. Hnrs visit. The
ssvs,onments in the affairs OF the Northern Pacific
,nce then and the suit entered yesterday by Thomas
w pearsan against the Great Northern Railroad
which Is made to prevent a combination OF me me
LII LII has given up hope of carrying through his
rraiect m,i Nothing Is definitely said the subject
though 1t Is believed that something official
!sm !n he learned when the hearing for the removal
~ the Northern Pacific receivers Is over and
decision rendered.
THE NORTHERN PACIFIC REPORT.
r,xp1rIoN OF THE ROAD FOR THE YEAR END
ING JUNE 30
rououIng Is the statement OF Thomas F. Oakcs
..,rv G PAYNE and Henry C. Rouse. receivers Of
~. Northern Pacific Railroad Company for the
fiscal year ending June 80:
Gross earnings:
$3.50 49l b3
Nh express and misceane- :,
Gus ...-'''''''''''''''''''' 90 ,i7ss4oso 50
ops-ating expenses:
r,sucnr transportation. $594S33S 6S
Maintenance Of equipment; losl' =" 10
Maintenance Of way and 30, .oo =,
esaeTsi and legal expenses. l,Oa7.scs SO
No, earnings from operations. se.1l5.2es 80
.,Aosisrsous Aoaii rece,pts...... Gle 22o 4s
Gross ,,coos so7si.b27 So
ri,.a pea0e,; s5a rentals. ........ n.7Io.4s2 tt
x income from onerations ........ SIS .O45 O5
ir,,rss, and other Charges paid and accrued:
1,,srsst on receivers certificates $2Os, 195 90
Int and :. +. general first -. 80 .n
mortgage .................. .o,-oooiVw
Int and 6. i. Mo. division
mortgage i'e'lWW
'nr' sna .nrS . L. - ~ <e540Oo
Interest on collateral trust notes cos 400 S
For interest Dul. and Man.
Railway bonds ................- laV'o4 10
Tor Spok. and Pal.
hA""aS '0"DS - 44s5O7O 81
psoe,vers. net res,,, $685., ,974 23
Deduct:
Interest other charges.
Of the corporation paid
by receivers $loc 400 %
account net
ings Of branch roads during
LTD Of re~riyershjp. 10000
'''''u u ----- 27s 4a3 81
s,rrlus Observation-Disclosures. S257. $40 36
II will thus be that the receivers earned a
surplus Of $257. $40 &c. after charging all operating
expenses. interest and the hxed charges stated.
rental of branch roads leased, taxes and S3S433 81