The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-01-12

that the railroads squeeze some of the water out
or their stock in ORDER TO maintain much lower
rate OF dividend.
MAKING SLOW Roadway.
The freight men OF the lumber lines failed in
accomplishing much at their meeting yesterday
aside from learning the wishes of shippers as re-
CARDS rates. The absence of representatives of
several of the Michigan roads prevented the &C
complishment of as much as was intended, and,
on motion OF ]. NJ Osborn, of the Wabash road,
It was voted to adjourn until Jan.
~, the meeting to be held at Chicago.
Inc general freight agents of the roads run
nIng north ana west from Cincinnati, Louisville
and Evansville proceeded yesterday with the
work OF harmOniziug rates from those points as
far as they could without further information,
ana last evening adjourned, subject to the call
or the chairman of the meeting. By the new
tarlh, rates to several points will be less than
under the present tariff, while to but few
points they Will be slightly advanced.
FORECLOSURE SALES OF 1882.
In the forthcoming Issue of the Railway Age
Will be given al annual reorganization of the
sales of railways under foreclosure, in the
United States during the past year, so far as re-
ported. The footings show a great reduction
over those of any year since the era of railway
bankruptcy set in, the entire number of roads
during 1882, as far as known, being sixteen
most OF these of minor impOrtance-wlth a total
mileage OF SbI % miles, and represented ny SO,
iOo,Ooo OF capital stock and 1895, 600 of
bonds and other debt. Or the mum Der, two were
INDIANA roads, namely. the Bedford, Sprlngvllle
OWensourg ~ Bloomfield, and the Indianapolis
~ ST. Louis, the former narrow-gauge affair.
Inc l. ~ st. l., with its enormous debt was
second IN importance, the Marietta e Cincinnati
only exceeding the l. & st. l.. IN amount of iu-
deDtedness, The summary given by the Rail
way Age shows that during the last seven years
no less Than 273 railway companies, having
mileage of nearly p, 900 miles, about 20 per
cent OF the present mileage of the United States,
ana representing an apparent Investment or not
Iar from Sl,43O,OOO,O00, or nearly % per cent.
of the total railway investment IN the country,
nave passed through bankruptcy, foreclosure
ana reorganization.
| A GOOD ENTERPRISE sMoTHERED.
The indications certainly are that the live
stock dealers have carried their point, and the
shipments of dressed beef Will not reach the
enormous tonnage predicted by of the
newspapers a few months ago. A fast freight
line man yesterday, when asked by Journal re-
porter how they we're getting along IN the build
ing of 300 refrigerator to carry dressed beef
their line talked about few weeks ago, smiled
and remarked that the trunk lines had concluded
that IL was more to their advantage to ship cat
tie frem the West as live stock than after it is
| dressed, and the order for refrigerator cars had
| been countermanded some weeks ago. The AL
| Dany IN. " Journal says that the war between
the shippers Of dressed beet and the live stock
dealers has ended with the success of the latter,
ana tnat Shippers OF dressed beef will be required
| TO pay the rate established in the schedule for
| the transportation of cattle on the hoof. That
rate Is at present sixty cents per one hundred
pounds from Chicago to either New YORK or
! Boston. The live stock dealers have fought as
| slduously against the discrimination made in
| behalf of dressed beef, and their fight having
terminated successfully, they say that they can
| crush out the dressed beef enterprise.
GOOD ROADS AND HIGH SPEED.
Indiana roads are now almost without excep-
| ton in excellent condition for running trains at
/ a rapid speed, and over seven Indianapolis roads
| express trains are run at high speed as any
ROAD in the country Several trains on the g.,
l., st. L. & C. make the run from indianapolis TO
| Cincinnati, ITO miles, in three hours and twenty
minutes. The express trains over the Cincinnati,
Hamilton & Indianapolis make the 125 miles in
| four or less, The trains over the Jeffersonv willie,
| Madison & Indianapolis make the run from In
dlanapoiis to Jacksonville in three hours and
| five minutes, distance l10 miles. The Boston
and st. Louis express over the Bee Line is one
| of the fastest trains run in this country,
| both east and west bound. The cyclone and
| the fast mail trains over the Vandalia are
| making the run regularly in eight hours be-
| tween indianapolis and ST, Louis, and frequently
make it going west in seven hours. The Pitts
! burg, Cincinnati & st. Louis often comes over
| from Bradford Junction in five hours, and over
the Peoria division of the l., b. e. W, fast time
| is made daily over any Indiana road; then,
| the Wabash makes lively run between Indian
| apolls and Detroit, all OF which goes to show
that the rOadbeds and equipments of the Indian
apots roads are in No. condition.