Show THAT THAI TIl DIG BG lallo No So Longer In to I Ho Be 10 Kv Rv elusive Carrier 1 for r tho Army Arl ArlA A special to the Now New York ork Herald Irons from Washington says Baya Several million dollars have havo been beems leen placed to the time of ot the iso Control Central Pa Ia Pacific PI cub cle railroad as UH a u result of the action of ot the war wal department In iii sm of ot nil alt al army almy fiu fu fl is Ogden Utah to San Sari Francisco C without competition This monopoly has hns been brought lu Iv IvIn luan un an In end by the tho decision of ot Secretary Hoot upon tho the recommendation of Quartermaster General unit and the time secretary of ot time thu th treasury and hereafter all ul the transcontinental tall raIl mi raIlroads roads roada will viii wil be e allowed to enter Into com competition COI petition for tOI time the transportation of ot und and Ild supplies to and amid from Sums San Iran Fran cisco chico The fhe monopoly enjoyed by the Central Pacific t was WIS recognized and ant fostered by bythe h bythe the tho war department notwithstanding the vigorous objections made by corn com competing COl eting railroads which pointed out their willingness to transport govern government govel ment troops and Ind supplies at a I ratu rutt lower loner than tho the regular tariff applied by y the tho Central Pacific Roots Hoots action In permitting the time Central Pacific to enjoy this ego eN arose from the time discovery by br the tue secretary of ot war of ot a n circular requiring the tho use Ise of ot bond hond aided roads In lu time the tat Ion of ot government supplies This discovery occurred after uter the tho de department tc had Isad entered Into a contract und Santa SantaFe SantaFe with wiLls wih the ou olem Ind Fe yc railroad which It became necessary to i revoke evoke though thought It I was as highly favor favorable favorable able to tIme the government Paul Morton Morlon vice Ico president of or time the Atchison Topeka rInd and Santa Samita Fe road rond had a stormy storm Interview with wih Secretary Root Hoot upon the revocation of ot the tue con contract contract contract tract and Mr Ir Root Hoot under date of ot Jan January January uary IS 18 wrote a n letter leter to the iso secretory secretary of at the treasury treasur nuking asking all nC for his views lols regarding the time use of at bond aided rail rai railroads roads In which ho Iso said It 1 seems clear to mo me that t hn t the practice practice tice of ot treating transportation over the tue tl bond bonti aided roads as if It I It cost coat the gay KOV nothing ought not noL to be he von con on ii el On tho th other ot er hand there Is undoubtedly some Bore advantage to the tho government In isi keeping so large a debt debtor or as n the tho Central Pacific In solvent condition anti and helping it I pay Its Is debts to the time government Mr Ir the debt of ot tho the Central Pacific well wel secured and he lie saw law no mso season reason lt on for tor tho Lisa war var do de department not awarding contracts for freight etc to linen In competition with that road rond HP Ifs believed however that other things being equal It I would be to the advantage e of ot time the government to patronize the Central Pacific The Tho Contra Central I now owes the time government ur For Pm Santa Suit In Io Fe FeNew e New York ork Feb 7 Tho Herald says oas No action has hal been beems taken on the question of a dividend on aim the tho common rommon stock by b the board of ot directors of ot the Atchison Topeka Santa Fi Fe I L anti Is 18 not expected as It I Is In pretty t well vell el un isa understood that lint this will wi be bl deferred until the June meeting of o the company compan After ACer tho the meeting it I was wn stated that only routine business lund had ad been Icen trans triune transacted transacted acted but It tt was waA ascertained from a n reliable source that among these rou routine routine tine matters was the tise authorization by bythe byth bylie the th lie directors of ot a n further Issue of ot 5 8 general generl mortgage 1 C 4 per vet cent bonds For what purpose those bonds lire arc to be tie Issued rould could nut not be lIe ascer ascertained tamed ns isa no nn direct statement sta concern concernIng lag Ing them Was wan wal obtainable le Under the time terms of ot the general mort mart mortgage gage age of ot the time Atchison tc road general mortgage bonds can only be Issued at itt the tho rate of in any one year for new construction anti and betterments anti additional rolling stOck of which not aulora th than n shall be Ite for exten extensions and under the tho original reorganization Pl plan n of bonds were reserved for these purposes For Just what the n new w of bonds will be Issued It is unknown but It ItIs itis Is not believed to be for construction betterments of rolling stock for or nn ass Is CUe for that purpose Is limited to 3 annually I of time tho Philadelphia Fob Feb C The board of directors of the Reading company to today today day set et aside as required by the terms teruss of time the general mortgage sinking pinking fund of five tentS rents per ton on tons ot of coal mined by the coal and Iron com tany luring during the year 1000 amounting to The Thi directors also ahoi declared n a divi dividend of two per cent upon of time the first preferred stuck stock of the eons com puny pan nn un increase over Ct last year of one half Per cent The Tise two P per r cent divi dividend fiend will amount to The earnings of the three companies for time tho list last six months of the year were announced ns as sufficient to make these payments and to add to surplus funds of the three com companies which aggregated on December 31 19 The money it wan also announced Is In hand to snake make time the above named payments The Reading Bending companies have no floating Indebted Indebtedness ness To I Tap tin I ii Tacoma Wash Feb 7 The building of one omu or mote more railroads through tIme tho Boundary Creek mining district of British Columbia dusting during the coming summer seems to be assured Four ap applications have been beems made to the Do Dominion minion government for charters over routes passing through or terminating at Grand Forks Three requests are made for charters to build east from the coast up Fraser Hope Pass anti and along the International boundary to Grand Forks One of these applicants Is time the Canadian Pacific Two projects have Republic for their objective point paint anti and two others propose building from Omand Forks up to the north fork of the Kettle river |