The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-01-10
Local Notes.

within the last six months 1873 car-oouplers
have been patented, seven of them by Indianap-
oils inventors
The annual meeting of the stockholders Of the
Louisville, New Albany & Chicago Railway Com
pany will be held in New York Feb 10.
William Parmalee, agent OF the Red Line at
this point, has been notified that 400 new care,
thrty-fOur feet in length, for lumber service,
have been placed on the line.
An officer OF the Pennsylvania road says the
volume Of business on that line is enormous;
that side tracks are blocked in many places with
loaded cars which the company has not the mo-
tive power to handle,
The official report shows that in 1882 there
were $3.50 carloads Of freigut handled at the
Indianapolis freight-house of the Cincinnati. In
dianapolis, St. Louis & Chicago road. OF this
number 1912 were loaded, and 1908 unl0aded.
In the month of December the Louisville, New
Albany q chicago road hauled north from the
Brazil and Carbon mines in Clay county, Ind,
1,54l carloads OF coal which was sixteen car
loads in excess Of any former months move
lncnt.
In the month of December 322 carloads of
coal were taken out of the Iliana coal mines re-
Gently opened on the St. st. Louis division of the
indiana, Bloomington Western system. Cen
era Manager McNeal has forty miners employed
in these mines.
1t looks little sQually for tcket-scalpers in
this State. strong pressure is to be brought
TO bear upon the legislature to amend the pres
ent law to such an extent as to freeze them out.
At Buffalo, Y, The railroad companies have
cleared the field OF scalpers.
AQuila Jones, president OF the indianapolis
Rnlng-niIl, has gone to New York to sell
$500, 900 worth of consolidated per cent. bonds
of the st. Louis, Iron Mountain & Southern road,
which the rolling-mill people took from the St.
l., J. NJ. d S. company as payment for the inter
est they held in the Iron Mountain & Helena
road.
Decatur d Springfield road said to have
abandoned all hope of getting anything through
throwing the property into the hands OF re-
ceiver, Meantime the bondholders are working
TO eXtricate themselves from the liability of
such floating indebtedness, and matters are
badly mixed.
The freight agents of all roads running north
and west from Cincinnati, Louisville and Evans
vile are to meet at the Denison House to-
day. for a revision of tariff on all classes of
freight. The general freight agents Of the roads
which bring south the lumber of the Northern
pineries also meet at the Denison House to-day,
to strengthen some irregularities In the lumber
rates which recently went into effect
The Indianapolis Railroad Christian Assoeia.
ton, under the leadership of George W. Cobb,
secretary, is doing good work among railroad
meu in this city, and it would be well for the
railroad management to encourage The work by
furnishing more pleasant rooms His quarterly
report shows that in the quarter ending Dec
81 there were l,077 persons visited the rooms,
and 268 were in attendance at the religious
services, twelve in number. During the three
mouths lie visited the homes of twenty-six sick
or injured railroad men, and called at fortv-siX
offices and shops, distributing 658 books, papers
and magazines.
EARNED ITS DIVIDEND.
Several parties who h4l confidence in the
stock of the Cleveland, Columbus, Cincinnati &
indianapolis road bought quite freely during the
recent bad break in the stock and they are now
tubtlant that they can sell out at an advance of
10 points, and indications that the stock will
go TO par within the next sixty days. The de.
ciaring of 2 per cent dividend, payable Feb. /,
IS received with considerable satisfaction, al
though stockholders rather expected it would be
per cent. dividend; but the fact that the divi-
deud was paid from the earnings OF the road, not
with borrowed money, is looked upon with much
favor as the management have, besides milking
this surplus for a dividend, made extensive i'm
provements TO the roadhed and equipments
within the last twelve months
COMPETITION THE sUREsr RATE-ADJUsrER
Two or three members of the Indiana Leg
1sature arc already preparing bills which
they propose To introduce for the regula-
tion of freight rates in this State When speak
ing of the matter, last evening. a business man
remarked to journal representative that the
Legislature had better let we'll enough alone.
He mad thoroughly Investigated the rate cues
ton. and satisfied thar the agricul-
tural and manufacturing interests of Indiana
had better service from its railroads and lower
rates than any State in the Union, competition
regulating rates much better than could Legis-
latures Railroads were so numerous that nearly
through its various roads crossing the State east
and west and north ana south there was such
competition that shippers OF this State had ad-
vantageS possessed by those of no other State
IN the Union, Ohio even not being 40 well off as
Ia Indiana IN this respect 1t was further re-
marked that capitalists showed less temerity in
investing in railroads of Indiana for the very
reason that her roads prosper ous and that
this prosperity came from the fact that the Leg
lslature of Indiana has favored its railroad inter
eSts by letting rates alone and allowing compe-
tiiion TO resul ate them. The Legislature of Hi
nuis tempered with rates, and her manufacturers
aud aericuturis,s were now paying hie her local
rates than before the rate question was agitaIed
PANHANDLE SALE.
Tho party of Pennsylvania railroad men who
are in the city to attend the foreclosure sale of
the Chicago, Columbus & Indiana Central road
to-day consists of George b. Roberts, president
of the Pennsylvania systemsi John p. Green
fourth vice president of the Psnnsylvana road
proper, and John Scott, general solicitor: j. G..
Brooks and !. NJ. Harding, OF Philadelphia. All