The herald., 1897-12-03

SCA tAAACQ C1lCCk LUZ dOOul $SVVsVVVs oAAt ~
be In position to protect its interests
The sale under the consolidation mort
gage takes place on Dec. 18th, and on
the following day the sale under the
governments lien.
Senator Harris today expressed the
opinion that the Kansas Pacific road
would sell for a sufficient amount when
put up at auction on the 10Th inst, TO
fully compensate the government after
paying the first mortgage Indebtedness.
Yesterday figures were submitted to the
attorney general" he said, Showing
that for the past ten years the average
net earnings of the road amounted TO
81, 100000, which, think, good evidence
of its earning capacity"
When asked whether he would intro
duce any resolution of inquiry or other
character bearing on the roads indebt-
edness, Mr.. Harris replied that that
would depend on the governments at
titude in the matter. He added that the
government could expect only to collect
it's debt of 5000 900, and if that could be
assured nothing was necessary to be
done by congress.
TOURIST TRAFFIC
CHICAGO, Dec. 2.-The western lines
met again today for the purpose of con-
sidering the passenger situation on
through rates to the Pacific coast. 1t was
decided that all lines should return at
once to the old schedule of commissions,
and that all rates in all parts of the
territory of the through lines should be
restored as early as practicable. and
that they shall be maintained strictly
hereafter. 1t is proposed by some OF
the lines to reorganize the transcontin-
entail passenger association, and call
for meeting to be held with that object
was issued today signed by the Atchi-
son, Burlington and the Rock Island
roads. The meeting is said to be held
Dec. 14th in st. Louis. Some of the
roads are of the opinion that any effort
to reorganize the association is prena
ture just at this time when it will be
impossible for the Union Pacific to enter
into any agreement. On the other hand,
it is contended that the other lines can
so ahead with the reorganization and
by the time the agreement is finished the
Union Pacific will be able to become q
member
Managers of the joint traffic associa-
ton have modified the rules governing
the use of the central passenger COM
mittee mileage tickets. Hereafter names
may be written on the stub at the con-
venience of the owners of the tickets
instead OF the signature being affixed in
the presence of the agent. Other minor
changes have been made.
SANTA FEE SALES
NEW YORK, Dec. 2.-It was an
nounced in Wall street today that the
Atchison, Topeka and Santa Fe Railroad
company has sold to a syndicate of finan-
ciers sufficient number of Atchison
general mortgage fours to take up the
entire outstanding amount of $S650Go
guarantee fund per cent notes due No
vember /, 1898.
The bonds have been held in the treas
ury, where they We're reserved for the
purpose under the plan of reorganiza-
ton. The Atchison road, it was made
known in this city today. has completed
negotiations for the purchase of the Sill
yer City and Northern railroad, sid
ing running from Whitewater, N. NJ,
to mining camps abort fifteen miles dis
tant. The Atchison roNd has been ope-
most year.
KOREAN CONTRACTS
BIRMINGHAM, England, Dec. 2.-The
Post of this city says it hears that an
American syndicate, in which Andrew
Carnegie is interested, has applied to the
Korean government for three important
railroad concessions which the syndicate
proposes to develop in connection with
the Seoul-Chemulpo line, which James
r. Morse, the American engineer, is now
building.
The Post adds that the answer of Ko-
rea is expected in two or three weeks.
CROCKER'S SUCCESSOR
SAN FRANCISCO, Dec. AT a meet
ing OF the board of directors of the
Southern Pacific company held here to-
day General Thomas II. Hubbard, sec
ond president, was unanimously
elected to the first vfce-presidency re-
Gently vacated by the death of Colonel
Charles f. Crocker; and George Crocker,
brother of the deceased, was elected to
fill the vacancy caused by General Hub
bard's advancement.
COILS WILL BID
TOLEDO O., Dec. "A story is cur