Southern Pacific Railroad

The Texas and Paoific railroad people have been holding an animal meeting, and settled tipon what they are going to usk Congress for at the next session. They have wisely abandonad the branches to take care of themselves, and ask aid only for the 1,400 miles of main roadway from Fort Worth to San Diego. The form of the grant desired is $35,000 per milo in Government bondsof 5 percent., $5,000 per mile to remain in ihe treasury as sinking fund and siirety, besides which a first mortgage will be given on the road and its 18,000,000 acres of land; the limit of the Government's liability to be $2,500,000 a year, and this so secured as to forbid any óltimate loss. The company has already 408 miles of track this side of Fort Worth, of which 110 were built during the last year. For this amouut of roadway, with fifty locomotivos and 1,000 cars, the liabihties of the road are $18,500,000, of which the floating dobt is less thfln three-quarters of a million, with $400,000 in bonds to meet this. The business of the running road the last year was $2,382,000, of which $319,000 were profits. The concerns of the Corporation seem to be exceedingly well managed by ita Vice President, Maj. Frank S. Bond, the value of its prouertv constantlv increasincr. and