The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-02-21

MADEIRA to the Mariposs Big Tree Groves and
the Yosemite Valley, via Coarse Gold Gulch and
Fresno Flats.
THE BRIGHT SIDE.
A prominent railroad official, last evening. re-
marked that he could see no reason why the
earnings of the railroads would not be enormous
as soon as the damages of the floods were re-
paired in the Central States and tho Northwest
ern lines were relieved of their snow blockades.
He thought the signs for railroad interests now
very promising. He did not fear any gripping
OF the roads by ininlical legislation. Our legis-
'latOrs would never 20 as far as that. He did not
express any anticipation of danger from over
building, as all the railroads needed SO far have
already been built, and capitalists have come to
the conclusion that any furthsr construction far
the present would be ahead of tile neeessi: IS Of
intercourse, trade aud commerce, and cOnse-
quently but lead to disaster.
FLORIDA COMING OUT OF THE "KINKs."
Indications now are that Florida is to be
boosted out of the mire by enterprising men
like Major B. 8. Henning, who, backed by ma
tive and English capitalists, are developing her
railroad interests and placing the productions of
the State on the market. The latest
scheme Of the Henning syndicate, which
Will add still further to the States pros
perity, is the organizing q steamship line to ply
between Fernandina and other Floridian ports
and Liverpool. The plan is to build mills and
arrange with the railroad and other companies
holding large tracts of land, to cut lumber and
sup IL To EUROPE, WHefe tnere Is u EOou mdrkoJ
for timber and railroad ties, and on tire return
trip to bring over emigrants and furnish them
with the cleared lands at merely nominal figures.
This plan, if it can be carried out, will give Flor
ida the two things IL most needs--cash for
her forests and a new population. There is
already a good demand for Florida lumber, par
tieularly pine. The people OF the State are
hopeful as to the result and apparently helpful,
anu the Legislature has almost
passed the charter of the new company.
APLAIN-rALKINe RAILROAD PRESIDENT.
d. W. Balch, president of the Nevada & Ore
gon road, which is under a cloud, has just issued
his annual report for 1882 in conformity to the
statutes of Nevada. The report shows a noini-
nal capital of $500 900 and paid up capital of
100000. In the course of it President Balch
SAYS: "Of the amount and nature of the indebt-
edness of the company it is impossible to speak
with any accuracy, in consequence of the books,
vouchers and accounts being stolen, lost and
mislaid by the former officers of the company,
beyond the bonded debt of the company.
Amount of mortgage, So, oo0. 900; bonds negoti.
ated, 100000; bonds in treasury, 100000;
floating debt, including all claims and demands
against the company OF whatever nature, $3.50,
600. No dividend has ever been declared by this
accursed corporation, ard it is safe to bet that
none ever will be. The company owns no cars
or engines: those on the road are owned by pri-
been nothing, as the corporation was conceived
in in1quity and born in fraud. Every honest
friend of the enterprise has been swindled and
robbed, and disaster has oxertaken all persons
who have been connected with IL in any capac
ity."