The herald., 1897-01-24


fransmissouri territory will be benefited.
The presence of two men, representing
( Vanderbilt interests, Messrs. Depew
and Hughitt, on the reorganization COM
mittee naturally suggests closer rcla-
tions with the Northwestern, but think
there VIII be no change on this account.
The line from Council Bluffs westward
will continue to be separated, and /
doubt if its management is changed at
ALL"
NEW YORK, Jan. 23.-The govern
ment directors of the Union Pacific
railroad held a secret meeting today.
after which Louis Fitzgerald, president
of the reorganization syndicate. formal
ly announced that an agreement mad
been reached with the government in
accordance with the latter had '''begun
foreclosure proceedings of its lien on
the Union Pacifis lines, inclusive of the
Kansas Pacific lines"
The reorganization committee guar
antees a minimum bid of something
over s45.00o,00O for the government $
claim upon the railroad and for the gov
ernment Union Pacific sinking fund, and
has deposited 81, 500, 900 as earnest money.
Kuhn Loeb e. Co., bankers for the re-
organization committee, have assured
the committee the funds required to
carry out it's agreement with the govern
ment into effect can be procured
III
the Christian Endeavor Spciety have no.
titled the roads of the Transcontinenta!
Passenger Association and western
Passenger association that there is
strong possibility that the convention OF
the association will not be held in san
Francisco, as planned, but in Philadel-
phia. The Christian Endeavor people
make no complaint about the rates that
have been proposed for the meeting. but
they do object to the clause in the agree
ment covering the business that pro-
vides for the division of the traffic. This.
is is claimed by the roads, practically
DESTROYS the chance of the transporta-
tion committee of the Christian En-
deavor society receiving as many side
privileges as have come to the members
in former years, and the committee is
disposed to object. The roads are rot
willing to grant any concessions, as the
rate already made is so low that they
cannot grant any more concessions than
are made in the rate itself, and it is n
fact that some of the roads have al
ready contracted large amounts of busi-
ness at rates which mean loss to them
The railroad officials are not in very
amiable mood over the matter, ana |
many of them have no hesitation in say
ing that they very much prefer tha. |
the convention be held in the east or
some locality where they will not be
compelled to trouble themselves with
making the primary rates and arrange
ments The matter is still long way
from definite, however.
DECREE ENTERED.
INDIANAPOLIS, Ind, Jan. 23-Judge |
Woods, in the circuit court today enter
ed decree Of foreclosure in the suit OF
the Farmers Loan and Trust company |
of New York against the Louisville, |
New Albany and Chicago (Monon) |
Railroay company under a mortgage |
bearing date of January !, 1885, The |
date of the sale has not been arranged. |
The upset price is 50, 500 900 on railroad |
property and $5OO,O0O equipment, A de-
posit is required from bidders of $4,000 |
on the railroad property and $4,000 on
the equipment. A Van Buren, was ap-
pointed, special master to make the sale.
A RAILROAD WRECK.
CLARION, Pa, Jan. 23.--An accident
ON the Pittsburg and Western road near
this place this afternoon resulted in the
death of three railroaders and the in
jury of several others, and about fifteen
passengers. The dead are:
Engineer Moriarty, Fireman Beatty
and Mail Clerk Copely
Conductor Fonks is badly bruised and
Brakeman Wise is so badly murt that il
is thought he cannot recover. Mr.. Clark,
superintendent of bridges and trestles
had both arms broken Twelve pas
sengers on the train are badly hurt and
a number bruised and cut.
INJUNCTION GRANTED
SPRINGFIELD, ILL.,, Jan. 23.-In the
United States circuit court today Judge
Allen upon application of the Central
Machine and Foundry company of Quin-
cy, issued an injunction restraining the
Omaha and Kansas City and
the Atchison, Topeka and Santa Fe rail-
road companies from discontinuing the
through freight line which has been
between Quincy and Chicago
ia the former road to Hurdland, Mo-,
where the road connects with the Santa
Fe. The roads in question are also en-
oined from refusing freight by that
inc. The Santa Fe wishes to break the
raffic agreement