The herald., 1897-10-13
FREIGHT RATE
Cut by the Roads Running
to Denver
MALLORY LINE SCHEDULES
THREATENED TO CAPTURE ALL
THE TRAFFIC
MALLORY LINE SCHEDULES
The Union Paciflc's Consolidation
Schemes-Roads In and Out Of
Court-oregon's Earnings
Associated Press Special Wire.

Associated Press Special Wire.
CHICAGO, Oct. 12.-All Of the lines
between Chicago and Denver have met
the reduced freight rates announced
yesterday by the Burlington road. The
cut rates will remain In effect until
complete understanding is reached with
the southwestern lines regarding The
rates made by the Mallory line via Gal
weston, which were the>cause Of the re-
-<uced rates made by the Burlington
The reduced rates made by the Mallory
line via Galveston were cutting down
the business Of the western roads be-
tween Chicago and Denver and there
was nothing for them to do but cut the
rates or see the traffic go in some other
directions. The lines between Chicago
and Denver claim that they would not
have been compelled to reduce rates If
the roads between the Gulf of Mexico
and Colorado common points had MAIN
tanned rates; but 1t is asserted that they
were all the time cutting them and that,
therefore, it became necessary for the
Chicago-Denver roads to follow their
example.
THE MIDLAND SYSTEM
DENVER. Col, Oct. 12.-The certif-
cate of Incorporation Of the Colorado
Midland railway has been, filed with the
Secretary of State, on the plans outlined
by the Reorganization Committee, and
on midnight, October S1st, will pass out
of the hands of the present receiver. Geo.
w. Ristine and become an Independent
system.
The capital stock of the corporation is
given as $4,000. 900, divided into 100000
shares-60, 900 shares Of which are to be
classified as preferred stock, and 10000
shares as common. The Directors for the
first year are Frederick p Olcott, B. A.
Sands, James N Jarvis, Charles r.
Aver, George Sherman, George w. Ris-
tine, Henry T. Rogers and Lewis B.
Johnson.
REORGANIZERS' PLANS
DENVER, Colo, Oct. 12-The Times
this afternoon says: The latest feature
Of the Union Pacific consolidation
scheme is one Of great interest in Denver
and to the state at large. 1t includes
the consolidation of the Kansas Pacific
and the Missouri Pacific. whereby the
fastest through service ever attempted
between st. Louis and Denver will be
iraugurated. This was learned at the
Santa Fe offices here this morning,
where advices of the new move Of the
reorganization committee of the Union
Pacific were received by wire from Oma-
ha. The Gulf road will operate the
Kansas Pacific after the reorganization
Of the former road.
STREET RAILROAD SOLD
CHICAGO, Oct. 1.-THE Englewood
and Chicago electric street railroad was
sold at auction in front of the courthouse
today under foreclosure, Jules s. Bache,
representing the organization, bidding
in the road for $260000 The face value
of the property is LIS, 900. 1t consists,
Of franchises covering fifty miles of
streets and roads twenty-five and a half
miles of which are in actual operation.
The decree Of the sale was entered July
9th under foreclosure proceedings un-
der creditors bill.
A BIG STEEL BRIDGE
MODESTO, Oct. 12.-The new steel
bridge across the Tuolumne river was
accepted today. The bridge is over 1900
feet long and has a center span of 320
feet and cost $4,000.
OUT FROM DULUTH
DULUTH, Mimi, Oct. 12.-President
Hill of the Great Northern road will COM
plete a railroad between Cloquet and
Fosston, Minn., this winter. The new
road will give Duluth direct line to the
Pacific Coast.
OREGON EARNINGS
SEATTLE. Wash, Oct. &c. j.
Smith, receiver of the Oregon Improve
ment company. filed his report for Au-
gust, 1897, today. The report shows
gross earnings, $491, 1888; expenses, $S27,-
472; net earnings, $163.710.
This is large increase over the net
earnings of August, 1896, which were
$60.757. The report also shows that the
net earnings for the fiscal year ending
August 81, 1897, were $53S,476, an -
crease of s345,OO0 over the preceding
year.