Evening star., 1897-04-15
Schedule Of Round Trip Occasions
for the Summer.
RAILROAD RECOMMENDATIONS

Reports are In circulation that an import
| ant ana very close alliance has been formed
| between the Baltimore and Ohio and Sea-
board Air Line railroad companies, and
| rumors are again rife Of the extension of
| the Seaboard Air Line from Rdgeway, N.
| c.. to Richmond, Va 1t is stated that the
| Norfolk and Western is friendly to the
| Seaboard and will render material aid by
| extending the Roanoke Southern from
Winston. N. c.. to Monroe, on the Seaboard
| Air Line. 1t Is stated that company has
| been organized to build this extension BY
| this route the Norfolk and Western would
gain an entrance into Atlanta, and the Sea-
board a western outlet via the Norfolk and
| western. Seaboard officials deny that they
| are behind the Richmond extension project
| 1t Is also stated that the Baltimore and
Ohio is Interested in the Seaboard's extern
| sion to Washington, and will aid the enter
| Prise later on. To effect this about fifty
miles of road will have to be built. and a
bridge across the Potomac at Washington
The Summit Branch.
The committee of security holders of the
Summit Branch Railroad Company which
| Is controlled by the Pennsylvania. appoint
ed some time ago to investigate the prop
| erty ana to prepare an equitable plan of
| organization has made its report The
committee favors foreclosure of the proper-
| ~ Tor the amount Of the principal and in
| terest OF the mortgage debt and existing
| Judgments. The new company is to issue
first and only mortgage not exceeding
| Sl'4uoooo OF per cent thirty-year gold
bonds, with a sinking fund of 3 per cent on
| net earnings and to issue one new bond In
| place of every existing first mortgage bond
surrendered to the committee with its nm
| Iald coupon, thus leaving $t25.OOO in the
ia ole
10 issue one new full-paid share of capital
| STOCK OF 800 for every three shares of
present stock upon the payment of a con-
tributfon equivalent to s. per share on ex-
isting stock.
Inc liabilities of the company consist of
Sl,o'o,oOO of Z per cent bonds and 1udg-
ments amounting to sl21,0D. There are
| also claims amounting to $3000O which
may have to be extinguished under the
| mortgage. The assets of the company con-
| slst OF L, ,4SS acres of land, of which S46I
business tabulation shows that during the
| ten years the average net earnings were
debt.
Raleigh and CASTOR Line.
1t is understood that the refunsling
scheme Of the Raleigh and CASTOR Rail-
| lad Company. which is a part of the Sea-
board Air Line. will have to be remodeled
| In order to conform with the charter of the
| company.
The company has 100000 s per cent
bonds maturing January 1, 1893. Some time
ago scheme was proposed which provided
for the issue of $1.5OG,0OO per cent bonds
| to take up these per cent bonds. and hold
ers of the SIS were to be given dollar for
collar in the new per cent bonds at the
date of maturity. 1t was also proposed to
sell part of $5O0.OO0 bonds for the general
purposes of the company.
1t now appears that by the company's
charter which is a North Carolina cor
poration, it is specifically provided that the
company cannot issue more than 81 100000
bonds which will thus necessitate the
l modifying of the refunding scheme
Round-Trip Events.
The Southern States Passenger Associa-
tion has authorized round-trip rates for
the following meetings and conventions:
Macon, Ga. May Is, Barnum and Bailey's
circus; Mobile, Ala. April 21-25, interna-
tional convention, Y. NJ C. A: Mobile,
Ala, May 11-15. Catholic Knights of
America: Montgomery. Ala, May %. Bar
mum and Bailey's circus; Orangeburg. s.
Fla. May Al, State Agricultural Society:
Palatka, Fla, April I'll. presbytery of
suwanee: Rome. Ga, May 12-l4. knights
Templar; Savannah: Ga, May ls,so.
49, International conference of general sec
retaries. Y. NJ. c. A: Spartanburg. s. c..
April 1918, Epworth League conference;
ldiiducs3d, AIa., JuHc Il 10 July II.
Alabama chautauaua; Union. s. c.. April
1915 Improved Order Red Men; Union
s. C.. April 2s-2a. State Medical As
isolation Wsrsaw rn.. Ind May 20 to
sembly: Wilmington, N. c., May 6-14.
Southern Baptist convention: Abbevile. s.
c.. May 12-14. Grand Lodge, L. o. o. F.:
of South Carolina; Athens. Ga. May IL.
base ball game; Atlanta. Ga, April 13,
Metropolitan concert: Atlanta, Ga, April
Ga. April % to May l. Merry Makers:
Charleston. s: c., April 9-15. Charleston
presbytery: Charleston. 8. c.. April 21-2s.
sr. Q: .: A: M: Charlotte. N. C.. May 20
o. Presbyterian Church general assembly;
Chattanooga, Tenn. April . to May 3,
Y. p. 8. c. E.. Tennessee; Chattanooga
Tenn, July 15-1s international convention
Baptist Young Peoples Union Of America:
Columbia, 8. c., April 21-22, Knights of
Honor; Georgetown. 8. c.. May So colored
Baptist educational, missionary and SUM-
April I. Baptist Young Peoples Union:
Jacksonville. Fla, April 6-7 Baptist Young
Peoples Union; Jacksonville. Fla. April
1923. Colored State Teachers Association;
Knoxville, Tenn. June 1921. summer
school, Y. M. c. A.
ID. md O. improvements.
The delivery Of the new steel rails along
the Baltimore and Ohio railroad win COM
mence this week. and the work of laying
them will require all summer. About 500
additional hands will be employed between
Washington Junction and Cumberland at
this work. The best Of the old rails win be
used on branch lines.
Work has commenced on the new Balti-
more and Ohio tunnel at Falls Cut, on the
Pittsburg division. twenty miles from Cum
berland. Contractors from Greensboro,
Pa, are doing the work. The tunnel will
be between 500 and 900 feet In length.
ID. and O. Telegraph Work.
S,,ner,ntendent Charles selden of fbe
Baltimore aud Ohio Telegraph Company
says the average number of messages ham
died each day on the Baltimore and Ohio
system Is $1,000. exclusive of train orders
The Baltimore and Ohio has 22,252 miles Of
TELEGRAPH wire OF which 724Q are used for