Democratic Sentinel, Volume 11, Number 3, Rensselaer, Jasper County, 18 February 1887 — RAILROAD INTELLIGENCE. [ARTICLE]

RAILROAD INTELLIGENCE.

The Lake Erie and Western road has filed articles of incorporation at Peoria, with the iutention of extend ng its track to that city. Officials of the St Paul road report that the earnings for last year were 8% per cent on the common stock, and that there will be a surplus of $1,000,000 after paying dividends. The Lake Erie & Western Railroad Company has been incorporated by Chicago and New York capitalists, with a capital stock of $50,000,000. The Federal Court at Indianapolis has entered a decree for tho sale of the Indiana, Bloomington & Western Road within thirty days, the limit being $3,000,003. The mortgages aggregate $3,00 >,OOO. It is reported that the Denver & Rio Grande Road is negotiating in London for funds io extend its track from Green River to Santa Cruz, eight hundred miles. Mr. McDill, of the lowa Railway Commission, expresses surprise that the question of the long and short haul has never bean precipitated upon the board. He also states that the cost to railway companies of hauling their own coal is kept a pro'mind secret.