The herald., 1897-10-16
RATES RAISED
On Grain Forwarded From
Chicago
WESTERN ROADS ARE ANXIOUS
OVER TIE DECENTRALIZATION OF
TARIFFS
WESTERN ROADS ARE ANXIOUS
The Southern Pacific Railroad Ordered
to Pay Securities Held by
Morgan & Co.
Associated Press Special Wire.

Associated Press Special Wire.
CHICAGO, Oct. 15.--All rail rates
from Chicago to the Atlantic seaboard
on grain and grain products have been
advanced 21a cents.
1t is likely that the executive officers
of the western roads will call meeting
within a few days for the purpose of
seeing If something cannot be done in
the way of keeping UP the freight tariffs
The Generalization among the western
roads has reached a point that, in their
opinion, calls for prompt action, ard
serious loss in revenue is expected if the
roads do not get together inside of the
next week or ten days. All interest
ed lines have announced their intention
of meeting the rates on first and second
class freight made yesterday by the
Atchison road.
UNION PACIFIC LITIGATION
NEW YORK, Oct. 15-The report of
w. D. Cornish, who was appointed as
special master to take the testimony in
the suit of J. Pierpont Morgan and
others as trustees against the Union
Pacific Railroad company, Frederic
Coudert and others as receivers, was
confiremd by today Judge Lacomb Of
the United States circuit court.
The report of Special Master Cornish
states that on September 4, 1891, the
Union Pacific Railroad company ex-
ecuted a deed of trust to the firm of
Drexel, Morgan & Co., as trustees, to
provide for the payment Of the principa
and interest on notes, and deposited
a. rtotv oil ,,,I.
other securities. Collateral notes to
the amount of $1S,71O,OOo were issued,
payable on August l, 1894, with interest
at per cent. Drexel, Morgan & Co.,
1t is stated in the report. sold from time
10 time certain of the securities, and
with the moneys receives redeemed col
lateral notes to the aggregate value Of
s15 257, 900. There are row unpaid COL
lateral notes of the value of $3,1SS, 600,
which should have been paid on. August
II, 1894 AS repositories, the complain
ants now hold nearly sS,0O0,O0O, par
value, of collateral notes.
II is further ordered that the Union
Pacific Railroad company, within five
Gays after the entry of this decree, pay
for the benfit of the holders of collat-
eral notes the sum of $3 1SS, 600, with in
terest from the first day of August, 1897.
Upon receiving such payment the
compainants shall devote the money to
the payment of principal and interest
of collateral notes.
In default of such payment by the
Union Pacific Railroad company, the
complainants, as trustees, together
with the special master, shall sell the
bonds and other securities held, by the
trustees. Such sales shall be held at
public auction at the New York real
estate exchange.
RIPLEY'S REMARKS
SAN FRANCISCO, Oct. 15.-President
E. p. Ripley of the Santa Fe Railroad
company, who left Chicago several
weeks ago on a tour Of inspection of the
road, is here. He spent the day at the
Southern Pacific offices in consultation
with j. c. Stubbs and H. E. Hunting
ton. At the noon hour George A. Robbins
Of Chicago. general manager of the Ar
mour car lines, Joined them in confer
ence concerning the handling of the
orange crop. The existing agreement
vii, continue in effect this winter.
The matter of the exchange of the
Santa Fes branch from Benson to
between the Needles and Mojave was
discussed and it was stated that all
that was needed to complete the trans
far was the consent of President Diaz.
President Ripley would neither affirm
nor deny that the Santa Fe contem-
plated junction with the San Joaquin
Valley railroad at Bakersfield He said
that the Santa Fe would not build from
Los Angeles to San Pedro, nor did it
contemplate branch to the Grand
Canyon of the Colorado.
A RAILROAD WRECK
ST, LOUIS, Mo, Oct 15.--A special to
the Republic from Selma, Ala, says: A
horrible accident occurred on the Mobile
anG birmingham road near Millhouse
station, twenty-five miles south of this
city, at 2:30 this afternoon, the engineer
and fireman being killed and several
persons wounded. Dead
OLLIE MUM, engineer
JERRY COOLEY, fireman,
Injured:
]. Il. BROADSTREET, conductor.
MIR. NEWMAN, quarantine officer.
Wheb approaching Milhouse the train
was running twenty miles an hour.
Without moments warning and from
some unexplained cause the trucks of
the tender jumped the track, causing the
whole train to go down twelve-foot
embankment The engineer lived until
evening.
A FIRST FATALITY
STOCKTON, Oct. 15.-Joseph Swift,
aged 54, right fireman at the Crown
mills, was instantly killed this evening
While on his way to work by beirg struck
by an engine of the Alameda and San
Joaquin railroad. Swift was guile
deaf, and could not hear the warning
signals. The trainmen did not know of
the accident uetil after they had
housed their engine at the yards. When
struck. Swift was knocked down, and
one wheel passed over his head, cutting
the top of it off; the body was caught
by the break beam ard carried for
block. where it was dropped, and run
over again. Swift leaves a wife and
step-son here ard two sisters in Walla
Walia, Washington This is the first
fatal accident on the coal road.
THE OGDEN GATEWAY
PORTLAND, Ore, Oct. 15.-Presi-
cent Mohler of the Oregon Railway and
Navigation company and Traffic Man
ager Campbell are on their way to Salt
Lake Tor a conference with the Oregon
Short Line and TJniop Do o,a. ....,S,