The herald., 1897-10-05
LONDON COIN
Is Seeking Investment in
America
A SYNDICATE IS ORGANIZED
TO BUY THE UNION PACIFIC
RAILROAD
SYNDICATE IS ORGANIZED
English Capitalists Ready to Bid
Above the Minimum Price Set
by the Government
Press Special Wire.

LONDON, Oct. 4.-The Daily Chron-
icle this morning publishes. under re-
serve, sensational report that strong
London syndicate has sent the United
States government through Consul
General Osborne, an offer to purchase
the Union Pacific railroad According
to this report New York syndicate has
offered 99,0OO,OO0, and the government
has decided to sell the road at auction on
November 1st, believing that it will
realize at least e1O,OOOO0O. and perhaps
ELI. 100000 or 912oO0,OOO.
RATE TROUBLES
CHICAGO. Oct. 4.-The executive Of
ficers of the western roads have adj
dressed note to the Union Pacific, say
ing that from this time on they will
hold that road alone responsible for the
Generalization in transcontinen
passenger rates. They say that the ex-
cuse given by the Urion. Pacific in re-
fusng 10 attend the recent conference
in this city, looking to the restoration
of rates. was not sufficient. The Union
Pacific, in refusing to be represented at
the meeting, said that the troubles with
the Oregon Short lire were still un-
settled. The executive officers'in the
note to the Union Pacific make 1t very
plain that they were aware that the
troubles of the Union Pacific with the
Oregon Short Line were not settled, but
the meeting was called as much for the
purpose of adjusting that particular
grievance as for any other purpose. The
meeting might have settled the matter
if the Union Pacific had been present to
show it could be remedied. The note
says that it failed to state it's case, and
further had not fallen in line with the
action of the other roads looking to the
stopping of trouble, and 1t must there
fore shoulder all the responsibility for
any Generalization that may hereafter
result.
NEW ELECTRIC ROAD
PUEBLO, Colo, Oct. 4.-The contract
for the construction of standard gauge
electric railroad from Canyon City to
Cripple Creek was let this afternoon by
the Canyon City and Cripple Creek
Electric railway, to Orman & Crook Of
this city. The road is to be thirty miles
in length, and must be ready for use on
March 20, 1898. The contract is for about
81, 000, 900.
RAILROAD WRECKS
COLUMBUS, Ohio, Oct A special
from the Piqua Dispatch says: Par
handle passenger train No. q was
wrecked two and half miles east of
the city this morning. The train was
coming down grade at the rate of 40
miles an hour, and in crossing the frog
pf the Jordan switch left the track.
The engineer had the presence of mind
to shut off the steam and apply the
brakes, but the engine continued at
terrific pace, tearing up the track and
plowing up the ground for $40 feet before
going into a ditch. The tender went in
the opposite directions. and the baggage
car was thrown across the track. The
two DAY coaches crashed together, and
the Pullmans were also derailed, but es-
caped with little damage.
Engineer Carroll was hurled so feet
and seriously hurt, while Fireman Baird
was pitched rs feet into field and in
ternally injured. Baggage Master Nc
Gowan was badly bruised by being
pinned between trunks. All the passen-
gers escaped with slight injuries.
A SPLIT SWITCH
MONTGOMERY, Tenn, Oct 4.-The
L. & N. passenger train No. 2, leaving
here at $50 this morning, jumped the
track at Riverside Park. killing Fire
man Boyd and seriously injuring En-
gineer Brown and Postal Clerk Glassier.
The engine turned over and caught the
fireman. The accident was caused by
a split switch.