The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-20
WILL SWO0P DOWN
GOVERNMENT WORKING DILL
GENTLY TOWARD FORECLOSURE.

They Can-Chances of the Commissio
Scheme for Settlement Regarded a
Very Slim-Atchison Makes a Propose
to Observation-Disclosures Against tn
santa Fe-New Oklahoma Road-kai
way News.
Chicago, Jan. 19.-The Posts Wash
ington special says: The government i
making extraordinary haste in preparia,
the papers in the Union Pacific foreclo
sure proceedings. Secretary Carlisle, At
torney General Harmon, and ex-Govern
or Hoadley, on behalf OF the government
and Chairman Fitzgerald, of the UnioI
Pacific reorganization committee, an,
Winslow s. Pierce, its attorney, on TIN
other hand, are in continuous session
The papers will probaly be completed 10
morrow and the formal order issued &
file cross bills in pending foreclosure
suits to make the government party
thereto. This move is a stab at tbs
Huntington scheme for a commission tc
settle the Pacific roads indebtedness. 4
commission bill will be reported tomor-
row by the house committee on Pacific
roads, but its chances of passage in con-
gress are remote. Foreclosure and the
survival of the fttest is the program.
FAVORS CANADIAN ROADS.
Washington, Jan. 1.-two resolutions
looh :ng TO closer trade relations between
the United States and the Pacific ocean
r5rts, as well as other countries, were
Introduced today by Representative
Bach Of Ohio. One of them requests the
secretary OF state 10 enter into negotia-
tions with the government of China. ia
pa1, the republics and colonies of the
American hemisphere the Hawaiian Is
laris and the Dominion of Canada, with
a view To securing uniform standard Of
value in trade and commerce. The other
resolution IS TO instruct the house COM
mttee on commerce To report whether
any good reason exists for continuing the
bonded privileges between the great
lakes and the Pacific ocean. II recites
that the bonded privilege for the trans
portation OF through freight was grant
ed to Canadian railroads on the theory
OF reciprocity convenience and that no re-
cirrocal advantages are enjoyed by the
United States on the Pacific coast, and
that by the subsidies granted the Ca
madam Pacific and other steamship COM
panies they are enabled 10 transport tea,
sir and other goods from China and
Japan at lower rates than American com
panies, so that they are given a mOnOp-
oily of traffic between the Orient and
New York Boston. Chicago and other
points in the United States.
AN ATCHISON PROPOSAL.
New York. Jan. 19.-The terms of the
proposition that has been made by the
Atchison railroad to the bondhilders OF
the per cent guaranteed trust gold
bonds of the Atlantic and Pacific railroad
70 purchase the SIG, 900, 900 first mortgage
e per cent Western division bonds of the
last mentioned company are officially an
nounced as follows: The Atchison Will
give 5eIs per cent of the par value Of
the bonds, in Atchison general mortgage
Is. carrying the April. 1891 coupon, and
81 y per cent in Atchison preferred stock
.n all IS, 400 600, Atchison Is. and SO, 200
00e preferred stock. The purchase also
assumes the net floating debt of fOreclo-
sure and viii assist the reorganization
committee in obtaining control Of the
Central division in case they desire 10
foreclose that mortgage. in return the
AtchSon receives the Western division
bonds and is TO be released from all la
bility upon the guaranteed trust bonds
the pending suits being discontinued or
assigned. The Atlantic and Pacific COM
mittees vii retain possession and control
Of the $2,ii00o0 first mortgage 6 per cent
the Central division
AGAINST THE SANTA FEE.
Topeka, Jan. 19.-In the case of Bra
man, a bondholder in the Frisco AMI
Santa F'e roads. against the Santa Fe
the United States circuit court oyerr;lled
the Santa FEES motion TO dismiss. The
decision is very brief. Little importance
Is attached to il. The railroad asked
that the case be dismissed on the ground
nt no jurisdiction. The court rules that
Ii has no jurisdiction. The company has
filed objection to the ruling.
NEW ROAD FOR OKLAHOMA
Washington, Jan. 1S-Representative
Fischer has presented a favorable report
or bill granting right of way to the
Galveston and Great Northern Railway
company to construct and operate rail-
road through Oklahoma and the Indian |
territory.
CHRISTIAN ENDEAVOR RATES.
chicago, Jan. ia meeting of the |
Transcontinentai lines was held here to- |
day for the purpose of considering rates !
Tor the Christian Endeavor meeting at /
San Francisco. The western roads have /
agreed to await the action of the trans |
continental roads in this matter, sit is |
generally conceded that il the rate for |
The Christian EndeavoT meeting is at all |
open IL VIII carry with il nearly if not
All of this business for the Pacific coas. !
this summer The transcontineural |
roads are in favor OF making a rate of
one fare for the round trip. plus 81. and |
this rate. without much doubt. will go
into effect on all roads handling the busi-
NESS.
BIG COAL LAND DEAL.
Pi;tsburS. Pa, Jan. 19.-Andrew Car
negle. together with other capitalists
from Pittsburg.. Cleveland and Canada
have acquired 4.100 acres of coal terrific
~ on the Monongahela from the ]. II
Hays estate and John d. Scully. The
price to be paid for the land is Sc OOo
eco. ~'''VV'
Mr.. Carnegie and his Pitsburg mart
ners VIII have 81 per cent of the prom
eFtY The names of the majority of the
ssockholdsrs have Tot been learned. hut
lhe Cleveland men are large coal opera
tors. The great object of the purchase
IS tnat the new railroad of Andrew Car
heSle ana his associates shall not have n
return 10 Others in which ore is hrourb+
- the carnegie blast furnaces from the
lakes. 'i'e
SOFT COAL RATE WAR.
chicago. Jan. 19.-Representative of
me pennsylvania, Burlington and Ohio
Dig touf ana ether roads interested IN
Lhe SOIL coal traffic from Pennsylvania
MINES were IN conference here today
. IN representatives Of the soft coal
Shippers and dealers. The ohiecr c-se
% arrange a settlement Of the soft coal
ate war ana do away with the 5iscri-n-
nation which now exists acsinsr cs,.,,;,,
consuming centerS.