The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-03-07

HV All llNe VIII soon place
orders Tor number Of heavy freight
locomotives and cars for Immediate
use.
The French state railroads are about
to build passenger ears in which the
parts usually made of iron will be
| made of aluminium. The axles and
wheels. however, will continue to be
made of steel.
The cost of timber i'm China is so
great that wooden trestles are out of
the question. The railway station
houses are all built of light, burned
brick, plastered on the outside. The
broad platforms are of stone or con-
crete ili'ed in with earth and cinders.
The last pin has been driven and the
draw has been swung ON the bridge
constructed across the Delaware river
by the Pennsylvania and New Jersey
Railroad company. and the crossing of
1t with an engine and train of cars
will be made in Il few days 1t was the
intention of Chief Engineer Brown. of
the Pennsylvania railroad. to celebrate
the completion of the bridge proper
by taking President Roberts across
on an engine run upon the temporary
rails put down for construction pur-
poses. but the prevalence of the very
high winds Of the past few days de-
, tered him from carrying out his orig
inal plans Rails will be laid as soon
as the high winds abate.
ILL
In view of the coming national con-
Nentions of the great political parties
the action of the board of managers
Of the Joint Traffic association is of
| interest. The board holds that advance
committees as leaders of parties to
1Dts
free transportation, and the granting
of the same is Il violation of the asso-
ciation's rules. a rate of one fare for
the round trip is authorized for the
Prohibition convention. at Pittsbu,g;
Republican convention, at st. Louis.
and the Democratic convention at
Chicago: dates Of sale and time limit
to he agreed uron hereafter and sub
mitted to the managers for their ap-
Droval.
ill
Steps are being taken by the first
mortgage bondholders of the Pittsburg
and Western Railroad company for the.
protection of their interests. This ac-
ton is necessary through fear that it
may be the purpose of the Baltimore,
and Ohio company. in whose interest
the property is now being managed
to default upon these bonds and per
haps i'm other ways to undertake cOer-
cion of the first mortgage bondholders
into sacrifices for the benefit of Junior
securities. The Baltimore and Ohio
owns practically all of the Pittsburg
| and Western stock. a large number of
second mortgage bonds, and is the in
dorser of the comDany's floating debt.
The present receiver. Mr. King, was
| vice president of Baltimore and Ohio
when the property was acquired and
| it was largely through his recommen-
ations that the acquisition was made.
| 1t is therefore assumed that whatever
can be done to benefit the Junior Sc
| curities i'm which the Baltimore and
| Ohio has greatest interests will be
| done. If the majority of the bonds are
| placed i'm the hands of a committee
charged with the sole duty of preserv-
| ing the value of the first mortgage
bonds. the receiver in charge would be
| forced to pay the interest promptly
as it matured. or the committee con-
| trolling the ma jority of the bonds would
| be able to secure the appointment OF a
receiver. on their mortgage Immediate
ly upon the first default.