, 1880-08-24
The Prosperous Condition Of the
Illinois Central.
Tic Southwestern Pool Working
ACKNOWLEDGEMENTS Wa
bash.
Louisville l. Nashville Comes to Terms
Low Passenger Rates to Be
Kent Up.

or four years ngt tho fortign shareholders
sent tu this rOllnlry u committee to Rsccrtaih
md rcpu,t whether tho New NrlrHns Line |
wns nj, advantage 10 the Illinois crntral, at |
ll,at .N,n rantc existed among tlN share |
holders, wtu seemed to frnr Tint tic Cni1i-
1Iany tlat! got tl,em incxtricabty involved by
buying worthless railroads IN the Sontl'.
Tllls committee went III largely
for prudent a.ltl conservative nlali-
aEcncnt. directed tile construction
nccuunt 10 be closed. and TINT tho pnlicy
5huuld be nt!aptcd Of strengthening the ILL
mis- Central Company anil paving itotlcrate
dividends; ii, fact, n number Of Influential
foreign shareholders sud that a 0 ler cent
dividend was quite cl,o.lgh III ytcw nf Tie
current income from Investments Of this nat
usc. an analysis of the lLlinuls Central re-
ports md other statistics shows tint In tho live
rrnrs frotu 1915 to lssH It has spent 200 600
III construction accoNnt, and by thu Inst baL-
ltlce sheet II had accumulated 81 100 oW first
us0rtEHge tR,lItls Uf tile New Orleans I,ilie, In
a,l,ll,h,,l tu nbntit IS ,0oo spenni-nlnrtgnge
annls Hreylousy ,.c4!!setlm, ~ ntH tilat J. ! l,asl
Thus this Company ilns added to Its prop
.rty ntu! to Its assets nboilt St.;aO. o ltiltler
ai sterling Ter cent hon!Is ut t!le rite Of
sln!,ng-f,lnl established niu'i, the hlnck ut
sterling bt,ntls, thus ,naklnE tho Company
n 1i.sncsincnt Of is5, besides II Nas been lny-
Ing steel sails, l,ntfaStinE It's rnl-lIrtl. ete..
placlng the property ~ ilrst-cllss eOn'iitlrll
n every RESPECT. 'fhc New Or!enns 1Lne Is
truck lnt,l with steel, anil It IL understood
lint Its ltla,lagGrs contemplate completing 1t
with steel within two years. .,o va.
AS ne!tEDrthe HI ttnnis Central nor tho New
II RnInI t1H r.
kc. to borrow 'ho,,cy. 1tMt neither Con!ttiliy
has n limiting debt Ut nliy description. IL ltMks
very 1nncl. as II tho illinois Central share.
holders wlln nwr two.thlHls Of the stuck nf
qhe Southern line as we'll as tl,. bo'.s NAMED
tluve EtIntl reason tb CnngrnllNtG themselves
upon tho condition OF tlIclr property.
SOUTHWESTERN pool AFFAIRS.
The Southwestern Railway Assovatlon Is
now In better si,npc than II l,ns been for
some tima past. Tho equalization ut hsls!-
ness, which caused much hcatlacIu, 10 Com
missioner NlislEc!y, Is now working smoothly,
ttnl tile roatls are evening up very rapidly.
4 short time ago The 1;ocli 1slnntl was II, no
ions ahcat, MD now It il slightly be!ind.
The Alton, which was afl0,t 0,000 tul1S be-
hind, IL NOW almost even. As fast as Il ronh
runs A1iena or short. business Is diverted
frnli nlle ta nn6ti!er, and tllu knrccrtages are
thus kept ny nearly straight Us lnssihle. Thu
Rock Island, which WAS ctntl,HrihE fur MI III
crease III its percentage sn!l,p iinlsls ngu,
seunls nov to hc willing to work m tho oil
basis mill tho Wabash gels ready to dcnnlM
Its proportion of husiin:ss froul this r'ty,
when Encouragement Of percentages must
take PLACE. Tie Wutash nxpccte, tn l'a
rSaly 70 negin 4 through b!SinrsS |. !, tvsr i1s
Gmis%Eq ftS hnM lte an"t i,i ANY al 4 ts nnl
Inent would llaye heen nude atont t?at time.
hut tho trouble Of The Western lNtasln rG-
Earding its rIEi.t q way Into tl,u eity prr.
terlnna! facilities a; tits point. Thy i,'p,,;;
not to open Its line for. through business be-
fOro Dec. ,ntnl up tn tl,Mt lime they wtII COLL
therefore, tho Wabash viii mi ask t. -pril-
PORTION 9f tho through b,ssturss to nnl frnn.
Missouri Ryer l1lnts 1e'nrttlM, iiNIr, which
tho end nf tho year. When II rcapp0r-
sionment the,, leconies necessary, 1t
IS, very, pr2balls THAT The 1iock
hayc ito nIatter REFERRED to arl'itratnrs, a,Ml
VII eonsont to liAvo II new appott'onmcnt
Commissioner MIlglay will leave for New
Of tic lliEl. joints il lint city oil tlln 2Ith.
His object III attending the mectlng Is tn 1l*-
sist thu managers nf the Southwestern lines
III Inducing thy trunk lines 70 ,nlo1L meas;
weight, similar tn tsm system! i'tt0ptest lately
bS tho southwestern nm! Western ra"!'ls.
,u,Sta, t.. ~ '',l'', ~ .,, ,",Et Ha SSiefaUo @ H.
~ 4i' irt'r9, t'u ftm; ~ ..,,;, h tha ,.vtt
Ill.,, y, ..e ~ al'sr u'H, III Wn!etl 5! M"StGti
~ aI ~ nv sie!'' itc.pSti tr,s1p i ai mM'MgHls .
sr,',iro,s IT, ~" of ~, uM ,, '!es M sHs Wsst tno
,nI s',i, =" ,!' rs Mss fr ~, W. NeseIn =,
nho Ea .atar's . iS tI.' @ raw autk t
1d ;1s', ~, nS!eI,a ~ H., MitS, tmHS MMvlhE Mo
r. IL H. VI ,,,,M,u T ~ tn r't: rnisSS ,.e eis1, o
,sn,, ~ ,'r r'il iH ,, " ~ u s.i[,,t s aes. t,o
tt.ate.n tt, rntts .nsG ~ tIetsnt reprtseltA.
~: H. H.. Mvstu!1 nt''aS. n'at asety WGstern
fnat fr,rit S ,e ,'a H. ,o tSn as., ~ nf MSes na
rm,truct h,s,ms.su wy f"r ttse .h tu "Tf a ~
VIII, tG :, "" s'nH % e.aa ~ aMoy l,i fes-
m t,y r. ar,t 'Se,. ,.e unaess ttSn ngehls
thcfr III poWer S t. ""tct i t"r nisrss nTt;' t;keII ~
!aHil lt1en.. t.ig Mchs.n'li uaNihEnrs nrn Wy
itan iMt',R ~, negcs,n @ ~ t M.'"a o' ulu trl,sS
n,nv mn. b,s @ ri,.,t @ t
u'aS no "l''le'pate'' n'salal''g l'''s question:
~; ltlhsu ullElN n'rFlcul.llis9.