Railway finance, meetings, &c.

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Grand Trunk.—A Montréal despatch says: This Co. has taken an action in warranty for $22,500 against J. J. C. Thompson, contractor, of Hamilton, Ont. The suit arises out of one taken by G. P. Magann, contractor, of Toronto, against the Co. for the same amount. Magann alleged that he had some 75,000 ties around Wiarton, Ont., which were delivered to the company by Thompson in fulfilment of an arrangement with Magann. The Co. claims that it had a contract with Thompson, who was to supply the quantity of lies mentioned, & that he did so, & received payment for all but some 25,000. The action taken by the G.T.R. is to protect itself against loss in the litigation between the two.

J. Bicknell, Toronto, has issued a writ against the G.T.R. Co. on behalf of the Niagara Falls International Bridge Co. & the Niagara & Suspension Bridge Co., to compel the issuance of annual passes to the directors of both bridge companies over ail railway lines using the bridges. The companies are respectively the Canadian & U.S. owners of the single arch steel bridge spanning the Niagara River below the falls. Under an agreement made in 1855 the G.T.R. leases ail rights of way over the bridge for $59,000 annually. In the agreement the issuance of annual passes to the directors is stipulated, & passes over the G.T.R. annually provided. The directors of the companies claim, however, that the stipulation covers all other railways using the bridges under sub-leases from the G.T., & by this action expect to compel the G.T. to procure passes from their sub-lessees for the plaintiff directors. There are 20 directors in the 2 companies, & the railways over which passes are asked are the Lehigh Valley, New York Central, Michigan Central, Rome & Watertown, & several minor lines. The suit has been set down for trial at Ottawa on June 19.

Railways: G.T.Ry.

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