The herald., 1896-04-19
Valley Road Bonds Now Ready
for Floating
A RUMORED ARRANGEMENT
To Drop Prosecutions Against Raile
roads Cutting Rates
The Deal Denied by the commlssionsrss-e
Los Angeles nan and Costa
Rica Railroad
Associated Press Special Wire.

Associated Press Special Wire.
SAN FRANCISCO, April 1S.--Jbhn
Moss, who was recently appointed traf-
fic manager of the San Francisco and
san Joaquin Valley railroad. assumed
the duties Of his new position today.
Mr.. Moss had a lengthy consultation
with Vice President Watt and a num-
Der of the directors today about freight
ana passenger rates between Stockton
and Fresno. He received instructions
from the directors to make these rates
as low as possible consistent with fair
rate of profit on the cost OF the line fiUm
Stockton to Fresno.
The directors of the company will hold
| further conference with the trustees
OF the cash stock subscription fund
late next week relative to completing
arrangements to float $6,O000 900 bonds to
| finish the proposed Bakersfield
and Stockton-Oakland extensions.
ALL WILL BE GOOD
|. CHICAGO, April 1S.-The Evening
Post says: A new deal is reported to
have been entered into between the VAR
ious railroad organizations throughou6
the country and the interstate COM
merce commission under which cut
rates are to become thing of the past.
Millions and millions of dollars are to
be added to the income of the roads,
The commission. it is said, is to drop all
proceedings against the roads fol.
breaches of the law committed prior to
the rendering of the supreme courts
decision in the Brown case and UNDER
the supposition that legislation protect-
ed the roads and officials from furnish
ing evidence to convict themselves.
Both commission and roads are to start
out on a new career of combined USE
fulness and enforcement and observ-
ance of the law. On their part the roads
undertake to stop their determinations
in favor of big shippers, to treat all per-
sons and places alike and become
agents of the commission in enforcing
the law.
MUST OBEY THE LAW.
WASHINGTON April 1S.-A number
of railroad men, including President
Stickney of the Chicago and Great
Western, have called on the interstate
commerce commission during the past
week, regarding the effect of the recent
decision of the supreme court in the
Brown case
Chairman Morrison denied that any
negotiation or deal had been entered
into with the railroads looking to the
dropping OF prosecutions in cases be-
! gun prior to. the Brown decision. He
/ said: THE commission has nothing to
do with that and it has made no agree
mert of the kind, on paper or verbally,
with any one. We intend to secure obed-
fence to the law. and will take every
measure necessary to secure that end"
A COSTA RICAN ROAD.
DENVER. Colo. April 1S.-William
A. Lynn and Francis c. Hatch of New
York, Fred c. Gay and Charles A. Mar
riner of Los Angeles and Charles W.
Franklin of Denver today Incorporated
the Costa Rica Pacific Railroad COM
pany with a capital stock of 81, 500 900.
The company proposes to construct
railroad from the city of San Jose, Cos
ia Rica, in westerly direction to the
Pacific ocean. The Incorporation papers
give the company the right to operate
mines and manufactures, establish
townsites. develop the resources of tho
country. besides the borrowing of mon
ey purchase of other railroads in the
vicinity and floating bonds for the pay
ment thereof. Headquarters are to be
located in Denver, with branch offices
in New York city, Los Angeles, San
Jose and elsewhere.