Democratic Sentinel, Volume 11, Number 7, Rensselaer, Jasper County, 18 March 1887 — RAILROAD INTELLIGENCE. [ARTICLE]

RAILROAD INTELLIGENCE.

Articles of reincorporation of the Wabash Railroad under the name of the Wabash Western Railway have been filed at Jefferson City, Mo. The capital stock is $30,0dd,000. The Directors of the St. Paul Boad have • declared dividends of and per cent on the common and preferred stocks. «

The gross earnings for the past year were $24,718,403, and the net surplus $1,030,000. Stock in a new organization called the Indianapolis and tit Louis Kailwav, worth $1,000,000, is offered at Mattooo, liL, at 10 cents on the dollar. A New York dispatch states that the negotiations between President Garrett, and the Richmond Terminal Company have fallen through and the deal is off; that a new proposition is now being considered by Mr. Garrett, and negotiations are now on foot for the transfer of the control of the Baltimore and Ohio to a syndicate of private bankers. The Beading Boad has decided to abandon the Schuylkill Canal route to Philadelphia, on which it used 340 boats. It is rumored in San Francisco that Senator Fair lia* sold to the Southern Pacific Company, for $0,000,009, the Santa Cruz steam road aud the Oakland cable system. About $500,000 was paid by a New York house, possibly in behalf of the St Paul Road, for twenty-five miles of track and the franchises of the Joliet Aurora aud Northern Railway.