The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-01-03
IRON HIGHWAYS.
Rates Between Chicago and st. Louis
Not TO be Lowered Just Yet.
What Pooling VIII Do II Honestly Con-
ducted-A scheme for the Reorgan-
izstion OF the bio Central
Other Items of the
Rail.

be held on Monday next.
Efforts are again being made to form an
indianapolis Railway Mems Club.
Work ca the Indianapolis. Eel River and
southwestern will be resumed as soon IS the
wfsther mOderates.
Msjc- Emmett, District Passenger Agent
OF The Air Line, reports a heavy business 10
points in Michigan and Northern Indiana.
II Is understood that the Pan Handle
folks will put q through car on their new
Cleveland route in a few days. Ole change
Of cars IS necessary at present.
New Orleans travel will begin in earnest
Iext week, according to Travelling Passenger
Agents. Ali OF the local officers are receiv-
ing innumersble inquiries relative 10 rates.
Ministers desiring halffare permits over
the Louisville, New Albany aud Chicago
Road, can procure the same By calling at
the Office of Major Emmett, District PasseI-
ger Agent.
Colonel Jonn Lee, President of the Cleve-
land, Indiana and st. Louis, who, by the
way, has superintendent the building OF more
railroads than any other mar in Indiana,
announces that he has sold the bonds OF the
c., I and ST. L. to q syndicate Of English
capitalists.
The General Passenger Agent of the In
d~ianapOlis and 81 Louis Road has notified
foreign lines that in apDortioning through
rates to or via st. Louis, divided on q mile
age basis, they will allow the l. and st. L.
Railway the following arbitrsries on &C.
count OF st. Louis bridge. viz: Ssventy-hve
cents first cisss, City cents second class and
immigrant, and one dollar round trip.
Il was stated in the Sentinel some days
since that n rumor was alOat to the effect
that G. G. Gale, the former Superintendent
OF tue indianapolis Division OF the Bee
Line, would accept 8 lucrative position with
the Lake Shore. The information comes from
GfpVotar6 that thu m mr. wa Uffhouf truth
Mir. Gale preferring to stick to his far
rather than go into the railroad business
again.
A local freight agent gives it as his opin-
ion that live stock business will be much
heavier this year than it was 1881 while
there will be a slight falling of in othe.
classes OF traffic. It IS certain THAT the shiD
ments OF cattle and horses from the West ara
increasing every day, aud as rates are " ell
maintained it is just possible that the rail
roads are deriving a considerable profit from
this class of business.
1t was thought that ERE this time the Su-
perintendents Of the various indianapolis
roads would decide whether or not to accept
the proposition OF the Union Company to do
all the local switching, bat il begins to look
as II they intend to let this question Sc
veTely alone. for they have held no meeting
TO take action relative thereto for some time.
IL is believed that the majority of the roads
favor the acceptance OF the proposition.
A large number of the employees of the
Louisville and Evansville Air Line, at New
Albany, are anxious TO know what the effect
OF the road being placed in the hands of a
receiver will produce In regard TO their back
pew. They have not been paid for three
moths. 1t is understood, however, that the
claims of the employees will be recognized
first, and If they continue in the employ Of
the company, they will be paid at the end
of every month, IN the event that the earn
ings OF the road will permitit.
OF the schemes proposed for the reorgani-
Za.ion Of the Ohio Central, the one cham
picned by the committee of which W.. J.
Canada is Chairman, is likely to succeed. By
its first mortgage bonds of -, 600, 900, pre-.
ferred stock of s., 750, 600 aud common stock
of s., 25O.0 600 are TO be issued. Holders of
present frst mortgage pay s. per bond and
get an equal amount of new first mortgage
bonds, with a bonus of preferred stock equal
TO % per cent. of their holdings. Holders
Of present second mortgage bonds pay in 3
per cent. and receive an equal amount in
new preferred stock. Holders OF common
stock pay ia / per cent and receive new
common stock for 30 per cent thereof.
In n debate in the House of Representa-
tives, Mr. Abram Hewitt, of New York, said
that while pooling might be an evil, there
were many evils which were remedies for
other greater evils. The evils ~poolings were
intended to remedy, and which had become
intoleTaDie, were the evils of unlimited COM
petition. Large business houses had been
compelled to employ clerks whose sole bust
ness 1t was 70 GO from railroad Office 10 rail
road Office and make bargains. More than
that, the companies themselves, which were
intended 70 be common carriers, found them
selves reduced to the position Of petty buck
sters, who were compelled to have an army
Of clerks to regulate the freight On every in
voice Of freight shipped over their lines.
This evil was so enormous that it led to the
only practicable remedy, which was pooling.
Pooling, if honestly conducted. gave stabil-
ity In rates and equal terms TO every Gus
toner, and carried out the principle of equal
rights 10 all.
The rates between Chicago and st. Louis.
which were advanced SO suddenly two
weeks ago. will not, il seems, be lowered for
an indefinite period vet. lie may be re-
nlembered that the cause for advancing these
rates was the outcry raised by shippers at
Springfield other interior points OF Illinois
OF discrimination in freight rates against
them in favor Of Chicago and 81 Louis.
This outcry became 50 great that the Rail-
road and Warehouse Commissioners of Hi
nois took the subject up aud the
representatives of the Chicago and S. Louis
roads to appear before them. Taking time
by the forelocR. these representatives met
and raised all rates through Illinois to the
schedule given them by the Railroad Com
missioners, which was so much greater than
the rates then prevailing that when they
were announced they quite took the
shippers breath away. Consequently,
when the meeting OF Railroad Com
missioners was held his week little
could be said by them or by the
shippers with regard to discrimination in
rates against interior points. Tn discussion
al this point by shippers and railroad men
wss quite long, aud ended in an understand
ing by the shippers hat there was no inten.
ton or the part of the roads to discriminate
sgainst them aud no desire TO. Mr.. James
Smith, Traffic Manager Of the Wabaih, told
them that II rates were made in their favor
that complaints would be heard from the
shippers Of Jacksonville and other points
throughout the State; that the road was not
making more than enough 20 pay its in
terest now. and that II S~nringfeId was riran