New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-01-02

rouncement the Northern Pacific directors called
agt6orized capitalization by oO6OOo to $4,000 CO.,
payments to be made in instalments from time TO
interest at per cent to be paid the successive
instruments Then came the ST. Paul directors
to the 81 5 of the
ferred stock a1thorized in septebsr and *3s 800
the same time In provision for payment or dne
agement followed the novel policy Of the Great
N9rhegn and Northern Paeihc the subsSrip td0s
to March l. 1909. and per cent interest being al
Giving as its reason the enactment Of the Rail
road Rate law with tts stringent pr0yisq9s
Railroad Company announced last summer that it
had sold 9 to Kuhn 0b co mel Of ts d hof
Norfolk & Western holdings. which It had acquired ed
Interest," plan was plsced In operation sGbse
quently It sold its entire holdings in Chesapeake
6 Ohio stock sold to that banking house is to be
to hs np mater Pag b The dPn oeb
Co that they had bought from the Pennsylvania
81. per cent bonds Of the Pennsylvania Company,
guaranteed as to principal and interest by the rail
french group nder the s mt. of two
on the Paris Bourse.
The management Of the chicago Alton WHICH
iand paased Ry ae p
which VIII direct its operation for the coming two
control The control Of The Wisconsin i Central was
in @ ana By NJ hsased n BY W
Bradford was elected its President The Illinois
Of the HarPna system when stuy Ee
Fish was ousted from the presidency and was sue
b{ vote Of eight Of the twelve
annual meeting in the preceding month had held
Proxies On large majority O. the stock n The
nominees Of the Delaware 8 Hudson, lessee of
urge the claim of the stockholders for an increase
with the Mexican government looking to The con,
solidation of the Mexican Central Railway and the
month To have been brought to a successful close
m by The c9 Mapd OF wRc9 Will
known the United National Railways of Mexico
duced passenger fares well as Increased wages
aan nd G HeS YORK nd by the the o Ps
August lowering fares in Atlantic seaboard terri:
three to two and one-half cents mile with a so
Loco mile transferable ticket. The Erie the Lee
their single fare RATES to two and one-half cents
a basis of two cents mile.
The first railroad to dives: itself of It's coal prop
provision OF the Railroad Rate bin forbddlng rail-
way companies 20 own or operate mines the output
Buffalo Rochester & Plts5urg which in May sold
lis controlling interest in the Rochester and Pitts
Investment Company. The law department OF the
Commission have been active in inquirng into and
prosecuting alleged attractions OF law by the rail-
torney General of the United States last spring
investigate the subject Of coal in Interstate com
merce TO advise what, II any. legal proceedings
should be begun, and to conduct such suits or
prosecutions. No actions have yet been begun by
them. The New York Central and other roads
have been convicted charges OF Relating and
an exhaustive inquiry into the subject Of graft
I Ing on the Pennsylvana system has been held
man roads will be begun in this city
The long rumored 'ore deal" by which the right
OF mining the vast ron deposits on the line ~
the Great Northern Railway leased to the
last fall. The lands estimated 10 contain from
5oooc0e0o TO 100000 tons of have been trans
ferred to trustees. who Will least once a year
distribute the net receirts Under lease 10 TIE
Great Northern stockholders. TO whom have been
given IN proportion TO their stock holdings certa-
Gates Of beneficial interest IN the ore tracts