The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-04-14


dismissal of those already mentioned depo-
nent Il. e. the faculty. saith not. Time will
tell. HIP. III.
HOME RAILROAD INTERESTS.
THE CONDITION OF THE C. C. C. & IA ROAD
WHICH AIDS IsDIANAPoLIs-ITs GROWTH
AND PROSPECTS.
1t is not often that so clear a showing OF
information is placed in so concise form as
the present Sixth Annual report of the c.,
c. @. & L. railway, known also for
some years as the Bellefontsine rail-
way, one of the strongest and best
conducted corporations of the west. The re-
port opens with a succnct outline of the
beginning and growth of the company.
which to-day owns and operates four hun
dred and forty-seven and one-half miles Of
railway. 1t began with one hundred and
thirty-eight miles between Cleveland and
Columbus. This was in 1851. Ten years
later it was extended by purohassto Spring.
field, fifty miles further from Indianapolis
to Union City, eighty four miles, and from
Union City To Gallon, one hundred and
nineteen miles. In 1864 these extensions were
consolidated under the name of the Belle
fontaine Railway. In April 1868, the Cleve-
land, Columbus II Cincinnati railroad COM
pany was consolidated with the Bellefon-
in January, ISL, the Cincinnati * Spring.
field railway was added by lease. making up
the present grand total. The presidents re-
port on behalf of the directors shows
the total receipts of the company in
1873 to be q, SS7, AS 50 and the expenditures
S3779S 500 81, leaving balance applicable TO
dividends ofSl ,l07, 63S 50, of which a semi
annual dividend was made August 10, 1873,
OF three and one half per cent capital
stock, amounting 10 S524,66O 80. The in
n TOM nv he, al
tendent's report over that OF 1872 is 236 2345<
tons, the aggregate freight moved amount
ing in weight to I,6SG,5S tons.
The mileage made during the year for
passenger service was ga. as miles, and for
freight service almost six times as much, or
3,4Sy,353 miles. The chief engineers report
is full of interesting items. showing that TO
mend their fences cost the company SIS, 426;
to repair bridges, S27, $50; repairs of build
ings, SOS, 79S, and the mending of their WAYS,
s769. 25S. All of these, except the last, fell
below the expenses of the preceding year.
Seventy-three miles of new track
were laid, Of which 40 miles was Bessemer
steel rails. 1t cost the company S454, 3O7,
nearly half million, for fuel alone, and the
damages paid of all kinds foot up S54, 100,
over % 900, of which was tor stock. The
ENTIRE PROPERTY
of the corporation of all kinds, amounts to
20,190,646 "a. The capital stock is SI5,OOO,-
coo, and the surplus after paving all iabili-
ties at the end OF the year was SS93 $50 or near
~ 81 900 600. But few roads can make such a
showing in these perilous times and DAYS
of railroad tribulation- 1t will be
readily comprehended that the managing
head of such a business, accepts an immense
responsibility The capital of $50, 600, 600 in
volved, may be duplicated by some of the
oldest and best insurance companies Of the
country, but no insurance business involves
q hundreth part of the activity, peril from
employees and administrative capacity of
a complicated line of railroad. Inc vindi-
cation and. credit of President j. III. Dever-
eux is found in the items and footings a
few, only, of which are set forth above. But
these are not all the evidences of his excel
lent management. A better testimony is
that of the people and the country which he
has served, who know that this line gives
low and fair rates, deals honorably and
squarely with its patrons and the
public to an exceptional degree The
spirit of its head is infused in
to all departments and Offices which COM
mand good will for their kind and obliging
manner of doing business. indianapolis, in
particular, is prepared TO give cordial testi-
mony to the benefits and liberal policV of
the company. They have expended money
and trouble to extend accommodations to.
the city and promote its business as a
fair dealing railroad can de- 1t is
rumored that the company have taken
steps-to enlarge their capacities and indus
tries. at this point which will be of advant-
age, 20 both private and public interests.
The. complete details of the report which.
cannot be even mentioned in this place are
thesbest proof that exact system in taking
cana of the smallest matters which is the Sc
cres of good management and The success-of
this great corporation.
IHSAL sHIPMENzs
From Indianapolis, in lS7A the c., c.. G..
81 /. railroad company shipped over their
line freight assfDllows, in pcands: Merahan-
disc, 1Os, 64s,eel; manufactures, 12.923.els;
provisions, 81, ls5, 32S; forest produce. 1f0,-
as, 554; stane and lime, 5.323, 09e. coal,
!, 4s3, 500; petroleum, 225.S56; iron and other
ores, 20, ,Ss7; ilroad and pig icon, 90
so, Gal; tobacco, 80, SOC, sS7; cottoa, 22,S46,-
s9s; hogs, and sheep, 2lSS50; horses and cat
tie, l02, sa9s wheat, 24A644; corn, oats and
seed, 1902 022 floux. 500, l6I; making a
total OF l. 2S, l73, 144, for which the receipts
were 81 T3O,6l2 81. The same road brought
to this city from tho east, in poanis: Mer-i
chan disc, lie, AL, SIS; manufactures, 10000
7S9: provisions, S,4l6095; forest produce
{, 56l, 100; petroleum, q 80. S74; iron and
other ores, l,0Sf 1893; railroad and pig iron
G. T02 929; tobacco, 81, 462; hogs and sheep,
90 $50; horses and cattle, Ala; wheat, 1916;
corn, oats and seeds, IL ,640 flour, ,l43; total,
so, 224, 255, for which the receipts were
S5Ol $40 81. That is the freight business FOR
this road only at this point
In the Office of the Secretary of State In
Connecticut is the venerable charter of the
colony bearing the autograph OF Charles II.