The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-12-05

ROadmaster Henry, of the l. g. st L. di vision
of the Decline, is this week laying 500 tons of
steel rails which will make s, 900 tons aid since
June l, 1873.
Chief Engineer Beach, of the Decline system,
has recommended that hereafter the manage
ment purchase only steel rails weighing seventy
two pounds to the yard to lay in their main
track
The Chicago & Indianapolis Airline is prov
ing valuable road to Indianapolis. Seldom
day passes that there is not thirty-tive to forty
five carloads of grain, lumber and live stock
gathered up on the road to be shipped to the In
dianapolis markets.
AS early as Jan. L, 1884, the Cincinnati, Van
Vert & Michigan company will operate eighty
five miles of road. connecting with the Wabash
on the north and the Indiana, Bloomington e.
Western on the south The road also connects
with the P1ttsburg, Fort Wayne & Chicago and
the Toledo, Cincinnati ST. Louis.
EasU-bound freight traffic, so far as Indianap.
oils is concerned, ia at a stand-still, compare
lively speaking. Yesterday from one OF the
largest elevators, but five cars were loaded for
one of the leading Eastern roads, and but eight
for another: There is some -four for export. and
ear corn going forward for interior points, and
that about covers the business.
In a recent case in which the Pennsy lvania
Railroad Company was Interested the Supreme
Court of Pennsylvania held that an agreement
by the bondhoiders. stockholders and unsecured
creditors TO bid at the foreclosure sale of a rail-
road, so that the property would not be sacri-
HCtu, Is nOO Il lfauuuienb agreement, ana bno
sale Will not be set aside on that account
Nashville shippers TO Cincinnati are said to be
pr0tting by little fight for business between
the c., il. & I. and c., T. ST. /. & c. roads. The
former charges that the latter is billing out at
full rates and returning twenty-five per cent. of
the charges in rebate. Probably this is where
the story originated that hogs were being
shipped from Rushvll to Cincinnati at $I5 per
carload, the rate being $50 per carload.
Yesterday, 100 carloads of -four for export,
shipped from Minneapolis was being transferred
from common cars to those of the Great West
ern Dispatch. to be forwarded over the c., H e.
J., N. Y, p. q o. and Erie In this lot of common
there those of eight northwestern
roads, which had been gathered up and loaded at
Minneapolis prior TO the advance in rates, and
were brought in here over the Rock Island and
Kankakee lines.
A dissatisfied member in the Chicago and
Ohio river pool Ia said to have written letter to
Hon. Charles Francis Adams, jr., giving his
views on the awards. more especially of the per
cent. awarded to the road he represents, clos
ing the letter with the remark that all the roads
were dissatisfied with the arbitration. The hon
orable gentleman simply answered him that the
statement that all roads in the pool were dis
satisfied good evidence to him that the
awards were just and equitable
1t is stated that the Louisville New Albany &
Chicago Railroad Company win fall $685.
short of paving its fixed charges and operating
expenses out of It's earnings. IL should be borne
in mind. however, that the management, in the
sum in betterments to the property more espe-
clally the Chicago IL Indianapolis division.
The earnings of the road will run far ahead of
that of any former year, Notwithstanding the
fact that portion Of the years competition
forced them to carry business at low rates.