The herald., 1896-01-19
Southern Baptists Will Be Great
Iy Disappointed
NEW YORK MINING EXCHANGE
Fails to Secure Rates for Its Opening
Day
St. Louis Capitalists Interested in Building
Five Thousand Miles of Road Across
Siberian Territory

Associated Press Special Wire.
CHICAGO, Jan. 1S'-A ruling was handed
down by Chairman Caldwell today to the
effect that the rate OF $50 agreed to west
of the eastern gateways of the transconti-
mental lines for the Baptist anniversary to
be held at Portland, Or, next May, will be
available only from Duluth, st. Paul, Min
neapolis, Missouri points and other gate
ways. 1t will not apply from st. Louis,
Memphis, New Orleans, and moreover
those points are not included in the terri
tory from which the regular one-way,
thirty days first-class tickets are to be sold.
The committee of the New York Mining
exchange, which has been making an eff
fort to secure reduced rates from Denver
to New York on the occasion of the OPEN
ing of the mining exchange in the latter
city has failed in its endeavor. The Trans
missouri and Western Passenger associa-
tions had agreed to make low rates if the
lines east of Chicago would do the same.
The latter, however, would not agree to
the plan of the committee, which was to
run a special train from Denver to New
York for the opening, has been given up.
The complication between the lines in
Colorado shows no sign of settlement. The
Union Pacific, Denver and Gulf has over
700 tickets in the hands of brokers and the
counting of them up is more than it cares
to assume. 1t has again asked the Atchison
and the Denver and Rio Grande, which it
claims are equally interested with itself in
the maintenance OF rates in Colorado, to
aid In closing the market, but both lines
have fatty declined. They say that they
had no hand in placing the tickets with the
brokers, and that it is none of their busi-
ness to take them OUT.
AN ENORMOUS Project
ST. LOUIS, Mo-, Jan. 1S.-The Republic
publishes the following:
Preliminary steps will be taken today
looking to the organization of syndicate
of St. Louis capitalists for the purpose of
constructing a portion of the railroad
project across Siberia from the Russian
border to the Pacific coast, distance of
5000 miles. M. i. Carter & Co., r. M.
Quigley g. Co. and B. A. Aldrich are the
st. Louis people interested in the VEN
ture. Monroe d Lee of Lawrence,
the general agent for the kilbourne &
Jacobs Manufacturing company of Colum-
bua, Ohio, and is interested largely in rail-
road building. The formation of the
syndicate was the outcome of the arrival
in ST. Louis yesterday of man who
registered at the Planters hotel as "R. E.
De Saviner, railroad contractor, San
Francisco"
Mr.. Saviner, as he says he prefers to be
called, has contract for building portion
of the line, and is on his way to Paris to in
terest French capitalists in the scheme.
The Russian government is behind the
road and it is with the Russian govern
ment the St. Louis men will have to deal
in making the contract. Mr.. Saviner is
the Count de Toulouse Laulree.
A THREE-CoRNERED FIGHT
PHOENIX, Ariz, Jan. 1S.-The triangular
legal contest between the Atlantic &
Pacific, the holders of the first mortgage
bonds of $16,OOO,OOO and the second
mortgage bond-holders representing $5,-
600, 900, was argued today before Judge
J. j. Hawkins, in the United States dis
trict court, here. The road is in the
hands of receiver. The first mortgage
bond-holders want to sue for possession in
their own name: the second mortgage
bond-holders want the receiver continued
in the original proceedings and their mo-
ton to consolidate the first mortgage bond
holders action with their own was granted,
the judge holding that all equities and
priorities could be better taken care of in
the original proceedings and large compli-
cation avoided, there being something near
81 100000 in receivers certificates and
other liabilities of the court now outstand-
ing in the proceedings started by the Mer-
camille Trust company of New York in
January, 1894. The Atchison, Topeka q
Santa Fe company, st. Louis q San Fran
cisco company and the Mercantile Trust
company were against the United States
Trust company, trustees for the nrst mort
gage bondbolders.