The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-04-05
Increase this year compared with
corresponding period in 1882.
RAILROAD STOCK VS.. LIVE ST

corresponding period in 1882 ...-... 30,766
RAILROAD STOCK VS.. LIVE STOCK.
The clergymen in New England pulplts are at
lacking vigorously and denouncing spectators
in railroad stocks, speaking of them as gam
bers. ana the teachings of the pulpits are being
reiterated in the public schools, and quite
breeze has been created, much of a one that
dealers IN stocks defending themselves in
the Boston papers. One writes follows: II
should he very much pleased to know if there is
any difference between young horses and young
shares, that is, Dewly-ssued stock Do people
find any fault with the prOprietors of stock farms9
Suppose they buy a number of young horses for
$50 apiece. In course of few years they be
come worth from 800 10 $500. They are then
sold, and the seller realizes the difference minus
the amount he has expended in their support.
Does any one say such men thieves, gam
bers, erc,2 Far from it, They considered TO
he most respectable members of the community.
Now let us look AT the vile stock gambler. He
buys number OF young shares, say at 500. In
the course of IA few wears he is ahle to sell them
al, say hundred or more dollars. He thereby
profits by the difference, minus the amount
pended in the support of his shares, in the way
of assessments, etc The results are very differ
ent. III the former case man is just as well off
after the transaction as before; whereas in the
latter he has acquired the reputation among
certain class, of gambler, although the Two
cases are exactly parallel"
TOO MANY BROKEN RAILS
There are entirely too many accidents occur
ring from broken Steel rails, which is due to the
fact that the manufacturers are making poorer
quality of rail. When iron rails and the old
style of chairs for making them were in use,
broRen-rail accidents of common occur
reuee, but since steel rails and tue fish plate
joints, together with heavy ties and well-bal-
lasted roads, have come into use, there has been
fewer accidents, but still there too many.
Mr.. Reese, Pittshurg expert, who has given
the production of good steel rail much study,
says: "Aecidents may occur from either OF three
causes: first, from IA defective rOau-bed or imper-
feet tfshjOints; second, from reckless driving
and third, from defective rails.
The first two causes may be avoided by proper
management on the part OF the railway officials,
and consequently the railroad company is re
sponsible for any damage to life person
suting IRON negligence within the line OF their
duty that of their employees. Where accidents
occur frem defective steel rails it is fair
Just that the railroad company should be held
responsible. The chemical formula of steel rails
should now he revised to raise the standard
of quality" He adds There is n cause for every
accident. and every steel rail that breaks under
proper use should at once be placed in the hands
OF meta,lurgical engineer that its physical ana
chemical properties may be determined and its
defects exposed, as with the present develop
ment of the metallu:EiSal art OF manufacturing
steel rails there is excuse for the presence of
the injurious elements, such as silicon phOsphO-
rus and manganese In anything like the quantity
found in many of the American rails"