UNITED STATES FINANCE.

Dominion, Volume 1, Issue 87, 6 January 1908, Page 7

UNITED STATES FINANCE.

BIG RAILWAY FAILURE. ° Br TELEGRAPH —PRESS ASSOCIATIOK-rCOrrEIGHT. p New York, January 3. 0 A receiver has been appointed for the Sea- 11 board Air Line, the third most important railway of the Eastern American system, v with a capital of ton million sterling. P ' (i PROCEEDINGS DISMISSED. 1 (Rcc. Jan. 5, 1.35 p.m.) 8 New York, January 4. Tho Receiverships' proceedings in the case of tho Chicago-Milwaukee Electric Railroad Company have been dismissed. ■ Tho Seaboard Air Line Railway Company owns a line of 2821 miles, from Richmond, Vn., to Atlanta, Ga., and Tampa, Fin. The n Ccmpany also owns a sixth interest in tlio Richmond-Washington Company, controlling tlio road from Richmond to Washington, and undor traffic agreement with the Pennsylvania Railroad maintains through car servico be- 0 tween New York, Philadelphia, Washington, J and tho eouth. The Company also owns practically all tho stock of the . Florida West Shore Railway, with branches 05 miles; Plant City, Arcadia l and Gulf Railway, IS miles; I'fiilahasseo Perry and South-Eastern Railway, 51 miles; Catawba Valley Railway, 21 '' miles; tho Macon, Dublin, and Savannah Bnihvay, 92 miles. The Company also controls tho Bait Steam Packet Company, and ( 1-aa a substantial interest in tho Old Dominion % Steam Ship Company. For tho twolvo months ji onded .Tuno 30, 191)7, the net earnings of tho G Company totalled 3,47!),!I00 dollars, other in- r mme amountod to. IG.2SG dollars, tho charpcs ' totallrd 497 dollars, and there was a deficit of 458,302 dollars.