The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-15

AoAsShioi'h. y. M. Bark,
President and General Manager.
1t is scml-officially estimated that the
actual earnings OF tho Louisville and
Nashville Railroad for the current fiscal
year will be equal to about 20 per cent.
on the company's stock. This. Of course,
includes the amount spent for improve
ment and charged to operating expenses.
as we'll as the equities of Louisville and
Nashville in the surplus earnings of the
Nashville, Chattanooga and st. Louis,
the "Monon" and the Georgia Railway
and from other sources. The income
OF the Louisville and Nashville has SO
grown that the company can now pay
present dividends and put $4,000 a
year into improvements out of surplus.
1t can do this without counting on its
equities from tho subsidiary and con-
trolled roads named above. Men familiar
with the property here say that the
Louisville and Nashville is approaching
the time when 1t can pay or. even 10 per
cent. on It's Stock with as much ease
as 1t paid 4 per cent. a few years ago.
After more than week given to con-
ferences. the officials of the Southern
Railway. and the committee representing
the telegraph operators and station
agents on its line, have agreed on n new
scale of wages. thus avoiding a threat,
cncd strike. No minimum and maximum
wage was adopted. as was first demand
cd by the committee. but the salaries
of the employees at each of the loo odd
positions We're taken up individually, and
the remuneration reached by the amount
of business transacted at each place.
Mr.. Scott. OF West Virginia, has intro
duced in the Senate an amendment which
he will offer to the railroad rate bill,
providing for ample track facilities for
transferring cars from one intcrscctdng
line 10 another. at crossings, intersec-
tons. etc, providing for equal and
reasonable facilities for Interchange Of
cars and traffic, providing for switch and
short connections, providing against dis
elimination In rates or changes in such
interchange, and fixing the compensation
at a reasonable figure. The Interstate
Commerce Commission Is given power to
adjust differences and parties are per-
mittcd to secure review In the Circuit
Court.
At the annual meeting of the Pennsyl-
Vania Railroad Company, the annual re-
port was unanimously adopted. A COM
Inttee was appointed to choose four, d.
rectors TO. be voted for on March 9th in
place of Effingham B. Morris. c.. Dewitt
Cuylcr. flames iAfcCrea and Lincoln Cod
frey The mergers OF the Southwest,
Pennsylvariia Railroad, the York Haven
and Roewena Railroad and the Allegheny
Valley Railroad were approved The
stockholders authorized a resolution as
tollows That for the purpose OF carry
inG said agreement with these lines into
effect. and for other corporate purposes
Nf In "
stockholders is hereby given for the issue
from time to time OF the balance OF the
authorized stock. not required for the
exchange Of the present outstanding con-
vcrtiblc bonds,'' The meeting then nd
jCurned. t{39s 5,,ss!5 M 49,
The New York. Ontario ana western
Railway Company, which has an aggrc-
gate mileage. leased ana owned. of only
iH,.Sl miles, the greater purt OF which is
confined within the boundary lines or
New York State, has made ayremurkably
good showing during he past few
months, as well as for several wears
nast. The earnings Cor the month OF
January for this road We're most sratify-
Ing. as an increase of l5l5 per cent was
recorded in the gross ard the surplus,
after all deductions, Including operating
expenses and taxes was greater by 3So.59
per cent. than for the same month OF 1906.
Much of thus stock IL held in Richmond.
The Chicago NORTHWESTERN Railway
Company has bought four Aocks OF land
in Omaha, upon which II viii build nov
passenger ana freight terminals, thus
making II wholly independent OF the
Union Pacific terminals. The head
quarters officials here Lelleve that
break between the Union Pa
etfc and Northwestern is ilnni-
heht.s The later Is constructing Il lrue
ACROSS wyoming and Is within 10 miles
of Salt Lake city. a connection Win
the Could Western Pacific at the lat,n,.
place is regarded as possible. thus making
the Northwestern independent. OF The
Hartman system.