Rensselaer Republican, Volume 19, Number 23, Rensselaer, Jasper County, 10 February 1887 — THE RAILWAYS. [ARTICLE]

THE RAILWAYS.

A Single firm has made contracts for the delivery of two million railroad ties in Nebraska this year, mainly for the Northwestern and Union Pacific Roads, and the Burlington is about to arrange for another million. . The Chicago, Burlington and Quincy Railroad is reported to have leased in perpetuity the tracks of the Wabash Road between St. Peters and St. Louis, including all the terminal facilities of the Wabash in the latter city. The Railroad Commissioners of Illinois report that but eleven roads in the State pay dividends, twenty-eight yield only the fixed charges, and four fall short of paying operating expenses and taxes. The net income of all the roads is but 1.1 per cent, on the capital represented by their securities.