The herald., 1897-08-25
The Best Property Prussia
Controls
HALF THE NATIONS INCOME
DERIVED FROM CHARGES FOR
TRANSPORTATION
Monaghan Recognizes the Tendency
Toward Government Control of
All Public Utilities
Associated Press Special Wire.

WASHINGTON. Aug. 24.-Consul
Monaghan at Chemnitz, Germany, has
sent to the state department report on
| Prussian railroads.
state ownership of railroads" says
he, plays an important part in Prussia's
finances Earning enormous sums, serV-
ing commerce and manufacturers IL
times of peace and for all strategic pur-
poses in times of war, they have more
than justified the arguments that urged
the government to own them ana tne
liberal policies that have put them down
and pushed them out into all parts OF
the empire"
The receipts for 1867 have gone be-
yord the estimate of the budget ce
| ]. .02O. .592 marks, and the estimate fot
1878 is 1,11O,2 $50 marks, while the
total income of the kingdom is only
slightly more than 2,000000,000 marks
After giving statistics in some detail
the consul continues: mo other branch
of public property pays so surely and SO
we'll. The certainty of the receipts OF
this size the ease with which they are
obtained and their cash character rem
der them the most useful of all the
moneys turned into the public treasury
How successfully they are run In other
respects, whether better than they would
have been under private ownership, 1t
is hard to say. The state has had its
hands on the road from the very begin
ming. Seeing how successfully they
would aid armies and also how neces-
sary they would be to the development
of the empire, Prussia did not hesitate
to take the railroads over to the state
Their quasi-pubiic character has helped
the people to understand that they
should be controlled, at least. If not
owned, by the state. The tendency all
over the empire is toward state owner
ship of all kinds of transporta ton facili-
ties as well as of telegraphs, telephones
and other means of communication"
AN ARIZONA ROAD
SOLOMONVILLE, Ariz., Aug. 24.-The
Arizona Pacific Railroad company was
incorporated here today and the articles
Of incorporation forwarded to the capi-
tai of the territory for record. The in
corporators are e ]. Beard of Kansas
City, president; ]. N. Porter, vice-presi-
L, r.
Dysart, secretary. These, with w. f.
Wood, of Denver and John Blake, COM
pose the board of directors. All the
parties are prominent business men OF
this county except Beard and Wood. The
company promises to construct rail-
road from a point on the Santa Fe in
New Mexico to Phoenix, Arizona, pass
ing through the counties of Graham,
to Clifton and Globe. The capital stock
of the company is placed at $10,00O,00O,
and the headquarters of the company is
to be at this place.
MORTGAGE FORECLOSED
SAN FRANCISCO, Aug. 24-In the
United States circuit court today Judge.
Morrow ordered a decree of foreclosure
and sale as prayed for in the case of
the Farmers Loan and Trust company,
as trustees, against the Oregon I'm
provement company, which has been in
the hands of a receiver for some time
past.
The sale, which will be made in Sc
attic by Hon. Eben Smith, the special
commissioner appointed for that pur-
pose, is to be made in order to satisfy
two liens secured by mortgages, the first
Of which was executed on May 1, 1880,
and the other on November l, 1889. The
amounts involved aggregate $40, CSC, 900,
without interest, which has not been
paid in full on either obligation. The
first mortgage is held to be prior lien
on all of the property Of the company
at the time of the execution of the in
strument, while the second covers all
other property of the corporation.
LOW RATES REFUSED
NEW YORK, Aug. 24.-The Merchants
association of this city received wor1
today that following the example of
the Southeastern Passenger association,
the Western Passenger associa ton has
declined to make reduced rate in it's
territory for merchants who wish to
come to this city to buy goods. B. D.
Caldwell, chairman of the Western Pas
senger association, in his letter to the
president of the Merchants association,
says that the lines do not care to dis
criminate in favor of New York mer-
chants, and there would not be enough
business to reduce the rate.
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