The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-12
AFFAIRS OF THE RAILWAYS.
Personal and Local.

department of the Fort Scott & Gulf road, is in
the city for day or two.
1t is stated that the Paris Rothschilds began to
bay American railway securities last week, for
the first time in three years.
4 competitor of the L.. N. A. e G. alleges that
ths road is working Chicago and northwestern
business through Scalper Frey too vigorously to
he healthy competition.
The notice of an advance in east-bound. rates
Nov. %, has already increased the demand for
cars, and for few days heavy shipments Of
grain may be looked for
Ex President Jewett, of Erie is said to be en-
gagged IN forming new short line between Gin
cannati and Chicago. The plan requires the build
ing OF about sixty miles of road.
IL is intimated that the l., D. g. S. people viii
demand differential rate on Kansas City bust
ness, now that three roads are to run limited
trains between indianapolis and Kansas City.
Under the rules of the American Express Com
papy an official who retires owing to i'll health or
advanced age after twenty five years service
with the company will be allowed half pay dur
ing his life time.
Rate demoralizers declare that the trunk-lne
pool scheme, as it appears on paper, if ever
casFied into practical and successful operation.
VIII not only invite but will compel congressional
legislation regulating railroad traffic.
GhueF the new Lrunk-llne aSreehent, the iluo
agent will have no power to change rates or
make contracts. This rohs these officials OF the
major portion of their importance and removes
enc of the most prolific causes of rate disturb
Ance.
George Boyd, assistant general passenger
agent of the Pennsylvania lines east of Pitts
burg and his brother, Truss Boyd, of st. Louis,
who have been in the city for day or two, left
last evening for Pekin, ILL.,. where they stort
from for weeks hunt.
Navigation on the lakes Is nearing its close.
The companies refuse to insure careoes after
Nov. 49, and it is thought between the 23d and
18th most of the lake craft will be laid up for the
winter. This will further aid the east-bound
lines in their efforts to maintain rates.
There were received at the indianapolis Stock
yards yesterday 160 car loads of hogs. Of this
number seventy carloads were shipped East
over the Chicago, st. Louis e. Pittsburg and
fifty four over the Decline, being the largest
shipments of stock from this yard Of any one
day this year.
The leading officials of the Pennsylvania assert
that they intend to devote their entire attention
TO making money for the stockholders. The road
earned per cent. the last six months, bat had
they paid it, only surplus of $50, 900 would have
remained. By paying per cent the company
saved nearly 81, 100000
The local freight agents will meet at Commits
saoner Dohertys office to-day to prepare the new
tariff on east bound rates. While the telegram
announcing the advance in rates, Nov. %, was
not very explicit, it is believed the advance will
also include an increase Of cents on twelfth
class lprovisions also on bulk meats
The earnings Of the l.. D. g. S., for October
were $33, 54 80 against 1886, 415 20 corresponding
! month, 1884 Freight earnings showed an in
crease this year of $43885. The falling off was
In passenger earnings. and is attributed to the
fact, largely. that there were political gath
erings, to draw crowds at stations on the line
this year.
The Adams Express Company are hoping to
secure for their office here the corner room in
Yohn's Block. recently occupied by the Indiana
National Bank. Capitalists who have in view
the organization OF a new bank have the refusal
OF the room for few days Should the organi-
cation not be effected the express company are
TO have the room.
One point in the new agreement is that rates
being fixed from Chicago, the tariff from interior
points shall be made to correspond. The trunk
lines have agreed that the rates from Chicago
eastward shall rate 100 per cent; from Joliet,
1O4 per cent; from Peoria, ITO per cent: from
Seneca, 108 per cent; from Bloomington, 100 per
cent; from East st. Louis, Burlington. Hanni-
bal, Keokuk and Louisiana ITO per cent; and
from indianapolis. 93 per cert
General Freight Agent Hills and Assistant
General Freight Agent White of the Bee-line
iexpect to be detained by the Closer rebate suit,
now on trial. versus the c.. c., G. & l. Railroad
Company for two or three days. Since the roads
are taking such active measures to restore rates
and put stop to all paying of rebates as we'll as
all other methods of cutting rates. directly or in
directly this suit has lost much of interest ex
cept to parties engaged in the litigation.
The special carrying the inspection party of
Ahe Pennsylvania Company last night made the
run from indianapolis to Columbus, Ind, forty
two miles, in forty minutes Superintend
emit Mckenna proposed to make the run from
this city to Louisville In less time than it was
eger before run. but at Columbus General Su-
perintendent Miller remarked that forty miles
per hour would do for tho remainder of the dis
tanee, and Superintendent Mckenna issued in
strUctions accordingly.
Although Mr.. Jewett has a very uncertain
tenure to the presidency of the c., f. g. d. svs-
tenn, the Cleveland Leader says his fertile brain
rs again scheming great railroad system which
includes that road. Among the holders Of the
road there is a well defined opposition to his
management They hold to the opinion that if
he were deposed the Erie road would continue
the existing traffic arrangement for their prop
erty between Dayton and Cincinnati but that if
he remains the traffic will undoubtedly 60 to the
Bee-line.
It will not require largely-advanced rates to
help such roads as the Lake Shore and Michigan
Central and Bee-line on to prosperity. Last
year, Lake Shore carried four tons Of freight
milo to make cent. its profit being shade
over of a cent per ton per mile. The addition
of 2lO of cent to the freight and passenger
profit per mile of Lake Shore on the br ness of
last year, would amount to over So, 900, JuO, or
per cent on the stock. An increase of My ITO
OF a cent per ton per mile on Michigan Central
freight profit means per cent upon the stock.
Two tenths OF cent per ton per mile on the
tonnage of the c., c., G. 81 l., added to the
profit, would amount to nearly per cent on the
stock.
Items to the effect that the Merchants Dis
patch is to be consolidated with other of the
fast-freight lines are still going the rounds of
the press. The fact is that the Merchants Dis
patch is an independent transportation company,
and derives its support from two sources. First
at receives commissions from the roads over
which their cars run every pound of freight
delivered to them. The other source of revenue
Is the mileage of their cars. The company has
$3OOO,OO0 capital stock owns g. 600 cars and does
not owe one dollar above the ordinary monthly
expenses which are settled as early as practical
every thirty days. That it is one of the most
popular transportation lines in operation will
not be questioned.