The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-03-22

one lit being that If the Bee Line paid transfer
charges over the Belt road other roads should
not be allowed to move their cars over the Union
tracks free) it was not the real cause OF the Bee
Line Company declining to pay these charges;
The fact was that they, since Dec. !, 1857, mad
been hauling with their own locomotives their
through business over the Belt road, and they
were not willing to pay 80 cents and 81 per car
transfer charge and furnish the power to trans
fer the cars, and as soon as the Belt road and
Bee Line Company could fix upon fair price
for transfers under the present conditions, the
transfer charges would doubtless be paid.
STILL HANGS FIRE
President Devereux, OF the Bee Line system,
spent yesterday in the city. Colonel VIM. B.
Tuell, president of the Terre Haute South
eastern road, was with him couple of hours,
and still the lease of the T. H. & 8. E. goes I'M
signed, although prepared for signature a month
ago, and it is becoming more and more evident
daily that there is a hitch in the transaction
somewhere. Mr.. Devereux, when questioned, in
effect said the matter still hung fire. e. b.
Thomas, general manager, declined to say
whether the Bee Line would lease the road or
not, but remarked "Ghat he thought il properly
handled it could be made good piece of road.
OF course the coal fields il reached gave the
properly its value" John T. Dye, attorney for the
Bee Line, said the less the railroad reporter OF the
Journal said about 1t the better. Colonel VIII
liam B. Tuel said ''the Bee Line people had
some forty days yet to sign the lease, and he
presumed they would act honorably." How
ever he not particular about their taking
the road, as it was worth S., 900 o month any
how, and they were to pay him only $4,000.
REoRGANIzE AND CHANGE NAME OF ROAD.
The stockholders OF the Bedford, Springville,
Owensburg & Bloomfield road yesterday met
and reorganized under the name of the Bedford
& Bloomfield road, and elected the following
gentlemen as directors for the ensuing year.
Aquilla Jones, William Mansur Franklin Ian
ders and John Thomas, Indianapolis W. @. Win
standby, A. G. VOFis and W. P. Malott,
Bedford. The directors elected as officers
John Thomas, president; W. C. Winstandley,
vice-president and treasurer; 8. Morgan, secre-
tary; J. W. Kennedy was appointed superintend-
ent. This is practically an Indianapolis Rolling
mill property, as all the bonds held by them.
The stockholders INDUCED in a lengthy discussion
as regards extending the road to Seymour, some
thirty-five miles, where connection would be made
with the Jeffersonville, Madison e. Indianapolis
for Louisville, and with the Ohio d Mississippi
for Cincinnati. The o. g. M. people are urging
would be valuable feeder to them, and they
promise to make a very favorable traffic agree
ment providing they will do so. The
that the B., s., o. & B. had been treated
very shabbily by the Louisville, New Albany ~
Chicago and the Indianapolis e. Vincennes peo-
pie in the matter of an interchange of traffic,
and the general expression seemed TO be that the
only way for the company TO make the b, q B.
connection with the o. & NJ. road.
LEGISLATION AGAINST RAILROADS GOING OUT OF
FASHION,
The railroad committee of the Legislature Of
Massachusetts reported no legislation necessary
on that part of the Governors message relating
to railroads, the report of the ailway COM
mission, and the House last week defeated the
bill to compel corporations to pay employees
weekly
The lower house of the legislative body of
Texas has adopted for the railroad bill creating
a railway commission a substitute introduced
by Speaker Gibson providing for a State engi-
neer, with powers of inspection An amend
ment obliging the engineer to report to the next
session of the Legislature freight classification
and schedule OF maximum rates for freight and
passenger traffic was ruled out of order, because
belonging to the subject matter of the bill which
had been killed,
The Wisconsin Assembly bill taxing sexpress
companies 3 per cent, on their gross earnings
was killed.
The indications are that there will be no rail-
no ad legislation in Florida at the present
sion. bill introduced providing for
commission for the regulatiun of freight and
passenger fares, but the committee to whom
it was referred have reported adversely, saying
that no unreasonable rates unjust discrimina-
ton exists, and that it is to the interest of
the State to foster its roads and encourage the
building of Others.
Senator Boyd, of the New York legislative
body, has introduced novel railway bill. 1t
provides that new railway shall give to the
State, on being organized, one-tenth of Its
bonds, and that the interest on these bonds
shall be used in purchasing the remaining bonds
of the rail way company till they are all in the
possession of the State and it has thus become
owner of the road.
APPLICATION FOR AN INJUNCTION.
GRAND RAPIDS, Mich. March 21.-The Penn
sylvania Railroad Company to-day presented
bill in the Circuit Court of this county for an
injunction against the Grand Rapids & Indiana
Railroad Company to restrain the latter from
paying interest maturing April on it's bonded
debit secured by mortgage of Oct l, 1869, until
it has paid the interest coupons on the bonds
secured by the same mortgage, previously ma
turing purchased and held by the Pennsylvania
Railroad Company, amounting. with interest, TO
$2,340,O00.
THE COIIRT RECORD