The Birmingham age-herald., 1903-03-27
RAILROAD WORLD.

T E. B. Shelby travelling passenger agent of the Illinois Central with headquarters in Meridian, was in Birmingham yester- day.
 c. P. Jackson, general agent of the Mo- bile and Ohio, with headquarters in Mont gomery, was here yesterday.
 According to the Chicago Tribune the Rock Island interests are said to be get ting ready to organize a holding company to take over the stock of the St. Louis and San Francisco, the same to be placed in the hands of the Rock Island railway company, incorporated for financial pur- poses under the laws of New Jersey. Both roads will be operated by the Rock Island railway company incorporated under the laws of Iowa to operate railroads, and the two will work hand in hand. after the fashion of the Northern Pacific railway and the Northern Securities company. In this manner all conflict with the inter state commerce law is to be obviated.
 The terms upon which the St. Louis and San Francisco will be taken over by the Rock Island are substantially as follows: In cash, 20 per cent; in collateral trust bonds of Rock Island, 15 per cent; in Rock Island common stock. 65 per cent.
 This would net about S5 for Frisco com- mon according to present quotations.
 It is also reported that the Rock Island conteniplates a large increase in it's bond issue. An amount as high as $150,O00, 900 is mentioned. An issue as large as this would suggest extensive deals in addition to the Frisco absorption, possibly taking over the Mexican Central
 Regarding the rumors concerning the Frisco and the Mexican Central. New York dispatch to the Globe-Democrat says:
 It was positively stated today that a great deal of the current gossip in rela- tion to the Mexican Central is untrue. It was announced in quarters supposed to be correctly informed that the connec- tion between the Mexican Central and the Frisco is not and never has been
 
 these rumors The one strong connec- ton between the two properties has been the common interest of Henry Clay Pierce in the two systems. Neither President Yoakum, James Campbell or B. P. Cheney has ever been largely in- terested in Mexican Central, or has any present intention of turning his energies toward the upbuiding of the Mexican system" According to the latest infor- nation, H. Clay Pierce has never been within 1000 shares of being the con- trolling interest in St. Louis and San Francisco. Neither has the Rock Island any intention of purchasing the Mexican Central at the present time, no matter what may be the future of the two sys- tems. The rumors which have found cir culation lately in this connection may be summarized as follows:
 ''The Yoakum interests have sold the St. Louis and San Francisco. The same interests will now turn their attention to the Mexican Central. The same inter- ests will also build up the Pere Mar quette.''
 The Globe-Democrat says: It is stated that the Rock Island company contem- plates the authorization of large in- crease in its bond issue. An amount as high as $15O0O000 900 is mentioned. It was impossible to get an official statement on the subject today. It Is expected that the Rock Island will issue some 4 per cent bonds in part payment for the St. Louis and San Francisco common stock, but the issue for this purpose is expected to amount to not more than 10 or 45 per cent of the s27,OOo,eO0 Frisco common stock. which would mean that not more than s10,00O,O0o to s12.OOO00O bonds would be required for the Frisco deal An issue as large as reported would suggest very extensive deals in addition to the Frisco absorption, possibly taking over the Georgia Central.
 For Coughs and Colds, children take Piso's Cure for Consumption without ob-