Crowded To The Wall

Cinc.Vfio, Jan. 6.- The Raihvay Age publishes a review of the foreclosure sales and receiverships of 1689. The year makes a less favorable showing than its predecessor, although its record is not as discouraging as wero those of the three years preceding 18S8. During 1889 twenty-five lines, with 2,930 miles, were sold on foreclosure. These roads had a total fundcd debt of $84,864,000 and a total capital stock of 832,951,000, making a grand total of .?13T,S15,O00. For the fourteen years, which closed with 1889, 448 roads with a total of 46,700 miles and a oombined fundod debt and capital stock of i?2,GS2, 740,000, were sold at foreclosure. The number of roads which passed into the hands of receivers in 1889 is the same as in 1888, with about the same mileage and capital. Twenty-two companies. with 3,803 miles and a funded debt of 84,702,000 and a capital stock of 199,064,0001 went to the wall. The most important failures of 18S9 were the St. Louis, Arkansas & Texas, 1,170 miles of road and $58,500,000 capital; International & Great iv'orthern, 775 miles and 924,755,000; Cincinnati, Jackson & Mackinaw, 838 miles and 830,349,000; Chicago & Atlantic, 248 miles and 919,817,000; Kentueky Central, 217 miles and 813,374.000, and Kanawha & Ohio, 129 miles and f13,354,000 capital.