Rensselaer Republican, Volume 19, Number 19, Rensselaer, Jasper County, 13 January 1887 — THE RAILWAYS. [ARTICLE]

THE RAILWAYS.

The Fitchburg Railroad Company has purchased the Troy and Boston line, paying therefor $5,500,000 and assuming about $4,000,000 of first, second, and third mortgage bonds of -the Troy and Boston Road. The Montana Central Road has been graded the entire length from Rimini to Great Falls, but the rates demanded by the Union and Northern Pacific roads for the transportation of rails and materials have utterly blocked the project for eighteen months. James F. Joy, in reviewing the events of the past month along the Wabash lines of railway, expresses the opinion that all plans of the purchasing committee have failed and that the “system” will be broken up.... A bill has been introduced in the Ohio Senate providing for the sale of the Cincinnati Southern Railroad. Cincinnati is excited oyer the project, there being almost universal opposition to the sale of the road. The St. Paul Road has graded most of its track between Ottumwa and Kansas City, and laid forty miles of rails. Through the rivalry of the Atchison and the Southern Pacific Roads, Southern California is being liberally supplied with new lines. J. L. Lathrop has been appointed General Paymaster of the Burlington Road.