New-York tribune., 1902-09-05
SCARE IN BRITISH STOCKS.
SHAREHOLDERS FRIGHTENED OVER
RAILWAY CONDITIONS.
TRICEs FALL sHARPLY-REAsONs FOR DE
CLINE RATES MAY BE RAISED
TRADES UNIONS MEETING.
Especial 10 Tho New York Tribune by French CabjeJ
~. III

ccoryrieht. 1902. BY The Tribune Nssoctationo
London, Sept, = a Shareholders in Eng
1ish railways have been frightened hy an arti-
Gle which American official has published in
The Times throwing doubt on the solvency Of
the railway systems of this country. y large
number Of selling orders were received on the
stock Exchange Yesterday and prices fell
sharply. The British railway shareholder has
10 face a very ugly prospect and he is by no
means free from responsibility for the situation
i'm which he became involved. The charge Of
yercapita liza tion which has been so frequently
brought against the British railway companies.
is certainly exaggerated. but il has consdera-
be foundation of truth. The shareholder is al
ways on the side Of liberal division OF profits
when improvements are required. not to obtain
an increase of trade. but merely to maintain
the existing position. Thus fresh capital is con
stant]y being sunk I'm an outlay which ought
to he met out Of the revenue Of shareholders.
influence too IS generally thrown into a scare
against proposals for bringing the rolling stock
and general equipment up to date, and de
mand is now made for some means of cutting
down expenses and increasing the profits.
= committee Of the London and North West
cru shareholders representing t4ooHoo of
stock. have been holding conferences with the
board in order 10 devise feasible plan. The
line which 1t is proposed TO adopt Is an agree
sleut between the various trunk systems III or
der to lessen the competition. II is probable,
-. ra+,. a1road,. TOO bipb i is
VIZ '' -. ~. a,,oro1 tra1a of the
| '' ~ ,a:. zi,,.,,..a. j., tbai,,
! ineffective and obsolete methods.
| There is little hone of railway reform in this
country So long as the average director is either
a titled nonertity or a well meaning amateur
| with no knowledge Of business.
C s.,.... -. ,.oz+erd,,,s
49, -. T-,io, CONGRESS ON the
SUNS W. -. .r,t.r,,i,,, ra1aca+as
- o-7a, b,, tho president
| MI 9tead1hah' an" 'lts 'i''s,''5 -. IN -
! al IineS 'o''P.e'e' VI ,'1" - - -. -.
dln- Inc resolution 'a''7u Upoi a.
! pass q" az ''e"'"s e'"i' - , -.
| of employers and workmen's representatives.
and presided over 10y a justice Of the High
Court The miners velemently opposed the
resolution. and It was rejected by $4,000 TO
100000 votes
remarkanie scene was Witnessed At s'o'09. ,an
'lauuc' S'aAoH HeS'eiU'' 49, MUM 49,
lton1ah 'a'h'Llc Plsi Iel' "S 'pe''a, '",'
for Lourdes- Ihe pugrlmS came from al pd''s
OF the country, anu s'e@l 'i'a'o'''S % ,''.'''
were women Inc co''pdla''' "'''li'" VI '''
valids was explained by the fact that 1t was
pilgrimage.
new claimant has arisen for the honor of
49, .,...4 90 49,, 1,ri,;et ,o-,,,;,..l ,,,rt ,,ro
80 - -. -. -
posed FOR the new CANADIAN service A'uNe
steps are being taken clay the claims Of Holy
baa1 before the ,,ror,a- authorities and the
>, ., D., -
1oI'u"H @l'1 NJ u" '" "'9'T'" ''"'''',''
been approached WIN We" 70 securing 'Ie
company's cooperation.
Nv" ldISe steamers ~ '"'is'8 "a's'' "
loaolhg t'ur ilousahd IONS ea'h "' a'''' "oi'e
lot Ne"-1orN' ms Is sald 10 oe 'le u''e'O 'oi'-
sequence 81 'Iie Sliih' III Ai''e''1d'
,.-.... --... =,
Inc ofhciai census 't Great hri'a"' army III
South Africa, from the beginning To the end or
the war gives the huge total OF 34S 40 officers
A dispatch from Tromsoe says that Mr.. Bald
win has issued the following statement with
gard to his djsa agreenent with Captain Johans-
son on rho Arctic voyaqe ~ the America.
The public have been deceived by false re-
,..; ,-I -
P''' u'"e nv
HeHloeI mas heeh falthiu'' lie'e vas al oPe' S'd
near the depot at IephtZ BAY "hch prevent
cd our reaching the Duke of the A AbruzZi's head
" - ,,.,- =. 100, -
quarters ana poor ice coiiui''oI's III l0ol Pi'-
wanted of,r esta bIisbing depots north of so de-
-, - .a.,' '.,., -. z..h
SreeS :" minutes. ms toSeller win the uedth
of half the number of our dogs. necessitateG the
postponement Of an expedition TO the Pole.
believe that the furthest north record could have
eSi, DgI gnTjies and destToved tba hone
Of finally reaching the Pole Johanssons de-
nand to become the Americas captain was un-
IJa His raft,saI "a obey