The herald., 1897-11-10
To Be SweIIed by the UP.
Payments
WESTERN TARIFF TROUBLES
SHOW NOT A SIGN OF AN EARLY
SOLUTION
Western Passenger Traffic Increasing
Rapidly-The Wabash President
Falsely Reported Ill
Associated Press specia! Wire.

Associated Press Specia! wire.
WAsHINGTON, Nov. S.-The Union
Pacific reorganization committee has
arranged with the treasury department
for the transfer to them of bonds in the
sinking fund and the cash payment
therefor on the 22d of the present month.
These bonds, which were purchased at
their face value by the committee at the
time of the sale of the road amount to
S13,645,25O and this amount in cash
which will be covered into the treasury
will increase the available cash balance
to approximately s21s,50O,OO0. The avail
able balance in the treasury today. ex-
elusive of gold, was $50O01, S61.
TARIFF TROUBLES.
CHICAGO, Nov. 9.-The executive Off
GERS of the western roads had another
conference on the freight rate situation.
The practicability of bringing about
restoration of all rates which have been
reduced below regular tariff was dis
cussed at considerable length, but in
view of the position maintained by the
southwestern roads in regard to rates
to and from gulf ports the conclusion
was reached that nothing could be done
at present to adjust matters. The opin-
ion was freely expressed that until
some change is effected in the law, as it
has been declared to be by the supreme
court of the United States, there is lit
tie probability of rates being maintained
on q permanent basis.
OREGON EARNINGS.
r,...:..-n ,,5 ovooocae of tho OraCon
Short Line for the month of September
were as follows:
Gross earnings, 1884, 500, against s4S3,-
17S for the same month last year; in
crease, $51,412. Operating expenses, $780,
900, against $353,S6 last year; decrease,
$16,95S. Net earnings, $197,6S1, against
$129, 1881 last year; increase, s6S,S70. From
July 1st to September 30th the gross
earnings were 1,595,S4S against $1,07S,-
352 for the corresponding period last
year; increase, $145,1S Operating ex-
penses, 1867, sos, against S1,07S,352 last
year; decrease, $11OS47. Net earnings,
$627, 7,S41, against 1,S11 last year; in
crease, $256,030.
Passenger traffic on the western roads
is rapidly increasing. Late reports
show that recent earnings are far in
advance of othse of the corresponding
period last year. The improvement not
ed is not confined to any particular class
of business. 1t is pretty equally di-
vided between local and through traffic.
HAMPTON'S REPORT
WASHINGTON, Nov. 9.-Gen. Wade
Hampton, who has just been succeeded
by Gen. Longstreet as commissioner of
railroads, has submitted to the interior
department his report for the past fiscal
year. He says that year marked the
low water mark of railway construction.
During the year thirty-four companies,
with SAL miles of road, passed into the
hands of the courts, and fifty-eight
others previously placed in receiver
ships were sold at foreclosure.
A steady improvement in railroad
earnings. during the first six months Of
the current year is noted, an improve
ment particularly apparent in the bond
aided Pacific railroads. The outlook
in the west generally for the present
year is reported very encouraging.
Hampton, though discountenanc-
ing any attempt to criticise the course
of the government in the Union Pacific
matter, says he has always believed that
q settlement more advantageous to the
government could be obtained if all
the companies, particularly the Union
and Central Pacific, could be negotiated
with at the same time through a COM
mission to be appointed by the presi-
dent, and possibly all in the same way
than by settling at different times and
on different basis. Government owner
ship or operating under government su-
pervision, he says, would be not one'
a doubtful but a dangerous experiment,
which probably would result disas-
trously to the government.
TOURIST TRAFFIC
PHILADELPHIA, Nov. 9.-The Le-
high Valley Railroad Company an
nounces that, commencing November
18th, it will inaugurate through tour
list car service to California points, leav-
ing Philadelphia and points in Pennsyi
vania and New York State every
Wednesday. The route Of this tourist
car has been selected through the most
picturesque regions of America, includ-
ing Niagara Falls, the st. Clair canal,
the Royal Gorge, the Grand Canyon,
over the Rocky Mountains to Salt Lake
City, along the shores of the Great Salt
Lake to Ogden, and over the Sierra Ne
vadas to the principal cities of Califor-
MIA.