Rensselaer Republican, Volume 17, Number 27, Rensselaer, Jasper County, 12 March 1885 — GENERAL. [ARTICLE]

GENERAL.

Leland Stanford, President of the Central Pacific Railroad, has officially announced the consummation of a long-con-templated consolidation of transcontinental interests. Hereafter the Southern Pacific Railroads of California, Arizona, and NeW Mexico, the Galveston, Harrisburg and San Antonio, the Louisville, Western Texas and New Orleans, and Mo gan’s Louisiana Railway and steamship lines will be operated under one general organization. The Texas and Pacific, and Missouri, Kansas, and Texas system of roads will form the northern outlet, although not included in the combination. Railroad men say that the Hunting-ton-Stanford consolidation scheme will ultimately be perfected by the operation of tho Union Papificand fentyal Pacific Railroads as one continuous line. PRESjnpjpT Charles Francis Adams of the Union Pacific Railroad, in a letter which was laid before tho Senate, states the views of the Directors of the road, concern - ing the bill reported by the Senate Judiciary Committee regulating future payments to be made by the company. The letter contains an elaborate criticism of the bill and makes a number of suggestions regarding what he considers the true policy for the Government to pursue. Mr. Adams states that he was not Mr. Gould’s choice for the place ne occupies, and that Mr. Gould has no mere influence in the management of the road than any other director?... There were 222 failures in the United Slates last week, a decrease of thirty-two as compared with the previous week. Special telegrams to Bradptreei’a from leading trade centers give a brighter look to the general trade situation than had been reported for some months. Not only has the accumulated freight at Chicago and elsewhere at the West been cared for, but there is a demand at shipping points West and Northwest for cars.. Livestock shipments East have been increasing, as well those of grain. At New York the movement of merchandise has increased somewhat. The dry goods jobbers report a larger business, but the commission houses are doing little or nothing. Groceries are moderately active only. Boston jobbers in dry goods say trade has improved, bnt commission houses report the reverse. Philadelphia, Chicago, Cincinnati, St. Louis, and other- distributing points announce a better inquiry for dry goods: At no center is there any radical improvement iM iron. The promoters of the Canadian Pacifio road sent out the surprising statement that inquiries have been made by the British military authorities when the line can be used to transport troops between England and India.... A Washington dispatch states that ex-President Arthur is going to Europe in July, to remain abroad several months.