The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-08-20


After maintaining west-bound passenger rates
fol two whole days, on Monday night the war
was renewed, and yesterday rates seemed as
badly demoralized as last week Competitors Of
the Indiana, Bloomington & Western road
charge that the / B. & w. renewed the warfare.
1t is alleged that while the L, B. & W. main
tanned rates at their outside Office, Ben Kelsey,
the chief clerk Of HI NJ Bronson, the truly GOOD
passenger agent took representative Of
party Of thirty persons to the general Office,
Furnished fourteen with round-trip tickets to
Flandreau, d. T., at $40, sixteen with single trip
tickets at 81, fun rate being $3.50. The other
roads claim to have af6davits to prove all this,
and this was signal for a revival of the war in
which W. T. Nichols, Of the I. q st. L. road. who
had been christened the great pacifcator, is said
to have taken part Last night the passenger
men of all the competitors Of the L, B & w.
were making no secret that they now proposed
10 give the +, b. e W. its all Of ratecutting. To
Fhe credit Of Geo Butler. general agent of the
"a, B. ~ w, ne maintained rates at their out
side Office until all roads showed disposition
ito Gu; rates regardless Of all agreements.
CAIN that the party was contracted
for before the restoration of rates.
So long as presidents and general managers look
on and allow $40per-month curb-stone
viii be the laughing stock of officials
of outside roads, especially west of the
rivers, which are sure of their arbitraries no
matter what rate the O., St L. & p, the sVan-.
dalia, the / B. 81 W. the Wabash and the c., T..
St L. q C. may give parties A passenger agent
e the Kansas Southern road, who was in the
uity last week, remarked that the fight by the
Indianapolis roads last week had netted SCI 900
to tho Kansas Southern road, and he enjoyed
the aght hugely.
Good Reading for L, r. q G. Rondholaers.
An Eastern financial paper. in commenting on
the plan to reorganize the Wabash road, says
The proposed plan Of reorganization is an out
rage. In bold but deliberate robbery the history
of the Wabash railway for the last five years has
never been equaled II is to be hoped that for
the sake Of American railroads this may be the
last example of such railroad management. The
only escape possible is the organization Of the
general mortgage bondholders with the purpose
of resisting to the last extremity the accomplish.
cnent of the present plan. They are asked to
surrender all their rights by accepting debenture
bonds with interest dependent on income Does
any one of these bondhoidePs imagine for q mo-
ment that he will ever receive one dollar Of In
tereett There may come 6me whenJay Gould j
might be willing to pay interest on the bonds, /
hut then the original holders Will have long be-
fore sold the bonds in utter disgust
Nh Gonld non threatens the DISSATISFACTION Of
tho system ~ order to compel tho general mort.
gage bop4heldeFp to accept his plan. They
would 90 peWel 70 foreclose their own mortgage
and thus secure the management Of the road in |
their own interest Now they are politelv urged !
70 surrender everything and allow the present |
management TO operate the railroad They