The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-02-07


the water level IN low lands, tut "a more import
ant thing do is clear all streams of gorges of
old trees or rubbish of any KIND which has been
forming for the last half decade. Between In
dianapolts and the mouth of White river there
are thirty or more places where dynamite should
be put in and these g0Pges ripped out. The fact
Is that as lands cleared up and bitches
made, water reaches the streams in half the
time it did before SUCH improvements were
made, Consequently tho creeks and rivers rise
suddenly and these gOrges check the flow of the
water and make large per cent OF the trouble.
THE "oUTs' STRUGGLING TO GET IN.
Notwithstanding the fact that the Pennsylva-
mia Railroad is one of the most prosperous roads
in the world under its present unexceptionaly
excellent management, there is an opposition sym
dictate being organized which promises to de-
yalOp considerable strength at the coming cleo
ton, but 1t is hardly probable they elect
other than the present board of directors ana
ofHcers; certainly not IL would seem, If the
stockholders know what is for their best inter
ests. lis understood that A. j. Cassatt, who re-
turns from Europe within few weeks, is the
man who the opposition syndicate propose to
push to the front, Parties in Indianapolis who
own stock of the P. K. R. have within the last
few days, it is stated, been applied to by the
outs for their proxies but thinking it was best
TO let we'll enough alone, will as heretofore, send
their proxies TO be voted in favor OF the George
ROBERTS management.
BELT ROAD ANNUAL MEETING.
The Belt Road and stockyard Company held
their annual meeting yesterday in the office of
Bank, and elected the following gentlemen as
directors: W. r. McKeeu and D. W. Minshal of
Terre Haute; X s. Mckee, NJ A. Downing, A. ID.
Lynch W. p. Iiams, John Thomas, of Indianape-
Ter, of Richmond Ind. The directors elected w.
X, McKeeu, president; Colonel Horace Scott,
vlce-presldent, and A. D. Lynch, secretary and
treasurer; W. p. ljams, superintendent of Stock
yards. The annual report for 1882 showed that
the Belt road earned S6,042 less than in 1881.
and the Stockyards S31 ,240 less. During the
year the company paid $4,000 interest, $780,
600 dividends and $3.50 was expended in i'm
provemeats. The falling off shown in the stock
yards earning is due 10 the bitter warfare the
Chicago stookyards are making against this yard,
in which they are assisted by certain roads, they
making rates SO low to stock shippers that they
prefer to ship to the Chicago market.
FREIGHT AND COAL MEN GET TOGETHER.
The traffic managers and general freight
agents of the roads which handle the ooai ship
ped from Clay county and the coal operators
held meeting at the Denisou House yesterday.
The roads represented were the Vandalia by H.
W. Hubbard, general freight agent: J. r. Ken
dali, assistant general freight agent; Chicago
d. Eastern Illinois, Robert Forsyth, general
freight agent Indianapolis & st. Louis, Ii. II.
Gays, general freight agent; Louisville, New
Albany IL Chicago railway, d. j. Jennings, gen.
era freight agent and George s. Brecount, gem
erai agent. The coal interests were represented
by j. s. Talley, Coal Bluff. Mining Company; d.
j. Jenne Brazil Block Coal Company; W. w.
Zimmerman. Brazil and Chicago Coal Company;
W. II. johnson, Jackson Coal ana Mining Com
panY; w. D. Black, Carbon Hill Mines; j. H.
Chicago.
The session continued some four hours. and
there was pretty plain talk on both sides, the
freight men coming Out ahead 1t was shown
that, while freight rates had been steadily de-
creasing from year to year, and were now down
to hard-pan, the coal operators had steadily ad-
Vanced the price of coal, and indications were
that they proposed to follow up this plan. The
conference was brought to a close by the intro
duction of a resolution that the railroad COM
d suitable
portation to prominent points, notably Chicago,
provided the coal operators would make snoh a
reduction IN mining as would mako the burden"
OF reaching these markets to be borne equally
10y all parties interested. final meeting will
take place at Brazil on Thursday, the 8th TO
make final report to all operators in the dis
trict.
SHOULD HAVE HIS HEAD RUBBED.
The report of the railroad commissioner Of Min
nesota is such a One-side affair as to excite much
unfavOrable comment in railroad circles the
commissioner seeming to have gone beyond rea-
sonable bounds TO create illfeeling toward the
railroads. The report states that forty different
railway enterprises in Minnesota have been con-
sOlidated into seven great systems. OF these the
Milwaukee has absorbed eight, tho Northwestern
six, the Omaha eleven, the Manitoba three the
Northern Pacific five, the Duluth three, and the
Minneap polls Il st. Louis four. The report then
argues "that the natural tendency Of cOmpeti-
tive roads would be regulate rates in the inter.
est of the public. But the railways, where there
are two or more rival lines, now generally make
a secret agreement to pool their issues, charge
what rates they see fit to, and divide the earn
ings so tie public, instead of receiving the ben
eft hoped for, have Two roads to support instead
OF one. After saying that 'the natural tendency
of competitive roads would be to regulate rates
in the interests OF the public he proceeds at
once to denOunee the railroad officials for their
competitive spirit, and, referring 10 the recent
of rates, the commissioner says: 81 am
oredibly informed of their recently patching up
of rates at meeting of the managers and
agents, and then rushing from the council cham
Der to meet in the telegraph office TO send instruo
tons TO their Eastern agents how to evade the
covenants just made !" With them, peace means
preparation for war, and the commissioner
descends upon MIR. Gould as the
Mephist0 who is working the desruc-
ton of every thing, and says: "You may
not trust human nature with unlimited money
and power in its flats. Any day Gould can blow
his hot breath on the bulb of the barometer and
breed financial storm"