The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-04-10


1t is stated that the Seney Syndicate are
manipulating matters TO bull the stock of the
Lake Erie d Western road one of these days.
The March earnings Of the Toledo, Cincinnati
& ST.. Louis road were $4,000, an Increase of
$4,000 over earnings of corresponding month,
1882.
tits stated that the New York Central earn
fngs have increased So, 100000 since Oct l, and
Lake Shore 81 10000 in February and March,
hut the public would know better whether the
statement is true If the books were open to in
IspectiOn.
The gross earnings of the New York & New
England for March last were 1884, 1858, showing
period of 1882. S. NJ. FELTON, and his able as
sistants are making this one of the best roads in
the country.
A very well-informed party on Pennsylvania
railroad matters says the dividend will be only
per cent. in cash, for the management don't
want to make the impression that they are
adopting the scrpdividend Idea advocated by
Messrs. Burkill, Parker and Lockwood as fixed
policy.
People talk, says the Cleveland Herald, about
Vanderbilt's selling out his holdings in New York
Central. When thinks of the wonderful
tamOunt of freight that is pouring into Buffalo
daily TO be carried over the Central, business alb
solutely controlled by the Vanderbilts-it would
seem that the family would hold onto the old
prosperity.
The new accessions to the trunk lines are pre-
venting blockades as in former years Eighty
live trains passed a given point on the Lake
Shore east of Erie In twenty -four hours one day
last week, and the men say that the Nickel-plate
is doing considerable business, too. Without
this outlet for the surplus traffic the Lake Shore
would be blocked
The Fitchburg railroad officials noticing that
one of their patrons appeared to have an mex
haustible supply of five-trip tickets with four of
the rides punched ont, came to the conclusion
that things were not as they should be. little
Investigation led to the discharge of one of their
conductors and proceedings have been COM
menced against the party using the tickets IN
question for an accounting OF their use.
From Denver to Salt Lake over the new road
opened for business last week the distance is
T34 miles. 1t is intended to make the trip in
thirty ak hours running time. The road runs
Colorado and one of the most beautiful localities
of Utah. From Salt Lake the road continues to
Ogden, where a junction with the Central
Pacific railroad is made, and a through route
from ocean to ocean via Denver is perfected.
CHEAP INSURANCE AGAINST ACCIDENTS.
Among railway managers there is a growing
feeling in favor of employers liability and acct
dent insurance companies, or insurance c0mpa-
MES of some kind, which will furnish a disabled
employe and his family necessary funds to keep
the soul and body together when the injured
man is unable to provide for his family. Cor
nelius WalfOrd, the celebrated actuary, says
tEat in the United States one railroad employe
IN eight meets with accidental injury every year.
Great Britain has several railroad mems asso-
Citations of the character above mentioned, and
recent number of the Westminster Review
contained an article which should be read by
every railway manager who has the interests of
railroad employees in view. The article shows
how the employers liability act of Great Britain
had worked. and now 1t had led to the policy of