The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-29
IN THE RAILROAD WORLD.
Matters of Interest in savannah and
Elsewhere.

Elsewhere.
Judge Speer of the United States court
has issued decree for the Atlantic Short
Line to be sold on the first Tuesday in
August. The minimum price is fixed at
$4,000. OF this amount $4,000 IS to be
paid in cash, and the balance in ten days.
The continuance Of business depression,
attributable largely to the uncertainties
of political affairs which must last for
the greater part of the year. has natural
~ prevented marked revival in railway
construction, Still the number of uncom-
menced or uncompleted railway enter
prises in this country is so great and so
steadily increasing, and the need for some
of them is so strongly felt that in spite
of the hard times the work Of grading and
traklaying has been going on upon a
very considerable number of roads in the
United States. The first six months of
the year Is always devoted much more to
preliminary work than TO tracklaying,
but the records OF The Railway Age show
that between Jan. ] and June 80 track
was laid on 6S lines to the extent of 7SS
miles. In Louisiana the mileage laid was
As miles; in Florida, 81 miles, and in Ala
bama, Al miles. For the first six months
of 1895 the records showed GAL miles of
new track in the country, and for the cor
responding period of 1894 only 525 miles.
But in 1898 the six months statement
showed LOIS miles, and in 1892 1t gave
1857 miles; so that the record of 1895 thus
far Is small compared with that of good
times. 1t shows, however, about % per
per cent more miles than the same time
last year, and Al per cent. more than in
the same 4.alf OF 1894, which is encour-
aging. There are now about 100 roads
upon which tracklaying is in progress,
or is expected to be commenced this year,
and the estimate at present is that the
new track to be credited to 1896 viii be
little over 1000 miles. In 26 of the 20
a Il "
been laid, while in 20 no rails have yet
gone down. In several of the latter some
construction will vet be done, but at pres
ent no enterprises which seem likely TO
result in tracklaying this year are on
record in either New Hampshire Massa-
chusetts, Connecticut, Rhode Island,
North Dakota, South Dakota. Iowa. Kan
sas, Wyoming, Nevada, New Mexico or
Accommodating at least y states and
territories which probably will contribute
nothing TO the new railway mileage of
1870. OF the states when already show
new track, Louisiana leads with 14 miles
on lines, followed by California with
96 miles on 3 lines; Florida, 81 miles and
4 lines; Michigan. "a miles and 5 lines;
Ohio, "a miles and lines, and SO on down.
The petition for the appointment of Mr..
Eugene Spalding as co-receiver of the Ma
rietta and North Georgia railroad came up
before Judge Newman in the United States
court in Atlanta day before yesterday.
McHaarg, Carmichael and Post are the
principal members of the syndicate which
bought the road at the last sale. They have
paid $4,000 on the property, and promise
to pay 500, 600 more on July 2, bringing the
total up to 100000, or almost one-third of
the purchase price. They ask for q re-
cetver to look after their interests, leaV-
ing Receiver Glover to wind up the affairs
of the old company. The Constitution
says the purchasers claim that their large
interests in the property entitle them TO
Mt
them and to protect their investment. 1t
need not be doubted, they say that they
VIII fan to pay the rest
Tompkins read a telegram from
the Central Trust Company asking them
to have the case postponed until a le,-
ter could reach him from New York.
Judge Newman intimated that the pur-
chasers We're entitled to a co-receiver
but he carried the case over until to-day
so that the Central Trust Company can
be heard from. 1t was inferred that the
trust company had some one in view for
co-receiVer other than Mr. Glover, but
that does not necessarily follow. The pur-
chasers are in New York, and the trust
company officials may desire to confer
with them before the co-receiVer goes
in. There does not seem to be any doubt
the Constitution says, that some one viii
be appointed. Mr. Spalding is general
manager of the Southern Iron Car Line
and has built the business of that com
pany up TO great figures. If appointed
co-receiver he would not take active
charge of operations, but would have a
superintendent who would report to him
The Southern railways gross earnings
for the year ending June 80 will be about
$l9,00O000. The net earnings for the year
will be about S5,6S4,1SZ The net earnings
up to June l showed a gain of S435. 900 over
the eleven months of the preceding fiscal
year.