The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-01-08
AFFAIRS OF THE RAILWAYS.
Personal aud Local.

system.
II. C Diehl, general freight agent of the l., B.
& W, has gone to Rochester, N. Y, to attend
line meeting.
The earnings of the l., b. g. w. for December
were $l94, 9l840. Freights $1l0, 1872 43; passen-
gers, SOS, 3l2.o 90; miscellaneous sources, SIS,
273O7
The weather the last ten days has been severe
on roadbeds. 1t is only the best tracks that ride
smoothly now. Joints, when. it thaws, settle,
and the ground freezes again before section men
can level them up.
Railroad earnings the coming year will be
compared with poor year. and consequently
comparisons will show up more favorably than
1884, when comparisons were made with 1885,
when earnings were large.
The Chicago, st. Louis & Pittsburg is in the
held for Cleveland business via. of Columbus,
o. Passengers leaving here at 40 in the morn
ing reach Cleveland at 5:15 p. NJ; on the 4:45 P.
D. trains reach Cleveland at A. NJ
passenger conductor on of the Indian
apol!s roads seldom leaves terminal right on
time. He is somewhat superstitious and says
his train never fails to arrive at a terminal on
time whenever he starts two or three minutes
late.
E. G. Smith has been appointed agent for the
Canada Southern line lfastfreight) at Chicago,
with Office at No. 80 Clark street, IN place of ..
G. Foster resigned. Thomas Conlon has been
appointed acting agent for this line at Toledo in
place of e. c. Smith.
Yesterdays conference between Grand Chief
Arthur, of the Brotherhood of Locomotive
Engineers, and President Mackey, of the Ev-
sDsville d Terre Haute road, would doubtless
make interesting reading, were it put in print.
The Grand Chief will doubtless discover that he
has met his match in President Mackey.
v. 7. Malott. president of the Chicago. and
Ohio River pool and L. D. Richardson, commits
1of[ Foo III 49, sr1k
Ingalls, passed through here as well, for Chicago.
Owing to his severe illness, c. G. Waite, vice
president OF the c.. H. & d.. cannot attend the
meeting The road viii be represented by A. FL.
Mcleod
Samuel Stillinger supervisor on the Indianap-
oils & Vincennes road died at Spencer, Ind,
yesterday morning quite suddenly. The de-
ceased was veteran railroader, aided in the
construction of the j.. ii. 81 |. road. and since
the close of the war, il which he made good rec
ord, he has been in continuous employ of the
Pennsylvania Company.
L. G.. Cannon formerly an Indianapolitan,
now in San Francisco and the acting commits
Sloner of the Transcontinental pool, is highly
complimented on the tariff sheet he has pre-
pared, which shows not only rates and classified
lions but the division of territory and the per
cents each road is entitled to-al got up in com
piete and condensed form
In the thirty six hours ending at r. NJ, yes
terday, 485 carloads of live stock were received
at the Indianapolis stockyards. Shippers are
ouylng nearly 60 per cent of the receipts, much
to the annoyance of local packers. The outlook
for the indianapolis yards were never before
favorable. The railroad companies, as well as
the stockyard management, are working ear
nestly to increase the business.
1t is stated that an analysis of the business of
the c., l., St l.. & c., for the year 1884, will
show that in the first six months of the year
the road was operated 58 per cent of the
gross earnings, and the last half of the year on
81 per cent. an average through year of
DO per cent This is certainly favorable show
Ing as the physical condition of the road-bed
and equipments has been fully maintained.
H M. Bronson, general passenger agent of the
l., b. 81 W., has gone to Chicago with his war
paint on. He says he shall demand that the diff
ferential rate in the Chicago and Ohio River pool
in their favor shall be continued, and if it rs not
If he has his say they, the L., B. & W., will with
draw from the pool. A stormy session is antici-
Pated, but after all the bad blood is let out mat
fers will be harmonized DOUBTLESS, and the pool
Will be stronger than ever.
The Diminutions in Dividends Last Year.
Out of seyentyfour companies Including
leased lines) whose stocks are listed at the New
York Exchange, the diminutions of dividends
last year of considerable significance are the fol-
lowing; The Central Pacific paid per cent in
1883 and 8 per cent in 1884; the Cleveland Co
9dmbus, Cincinnati & indianapolis paid per
cent. in 1883 and no dividend in 1884; the Hook
ing Valley & Toledo paid q per cent
in 1883 and no dividend in 1884; Hannibal & st.
Joseph preferred paid per cent in 1883 and
no dividend in 1884, the Lake Shore paid 8 per
cent. in 1883, and in 1884; the Michigan Central
paid 5 per cent in 1888 and per cent in 1884;
the New York Central paid per cent. in 1883,
and II in 1884; the Northern Pacific preferred
paid an accumulated H. per cent. in 1883, and
Company paid y per cent. in 1888, and no divi-
dend in 1884; the Oregon Railway Navigation
Company paid 10 per cent. in 1888 and 63 in 1884;
she Oregon and Transcontiuental paid per cent.
In 1888 and no dividend in 1884; the Union Pa
cifc paid per cent. in 1883, and 81 per cent in
1884. The Pacific roads exceed all others in
magnitude of diminution of dividends from 1883
to 1854 The important roads running west,
southwest and northwest of Chicago nearly all
maintained in 1884 as large dividends as those
paid in 1883. Southern roads paid about as
large dividends in 1884 as in 1883, but the net
Seturns of each of those years fell below those
obtained in 1882. Large additions have been
made to the mileage of Southern roads, during
the last few years, and great improvements eff
fected in their systems of through routes. For
the time being these advances have rather di
unfinished than increased the profits of stock
holders.
why Railroad Earnings Have Fallen OF.
The Financial Chronicle takes the position
that the loss in railroad earnings is due chiefly
30 the depression in our industries, and not to
parallel roads. The Chronicle sums up by say
ing
1.-THE explanation Of affairs is, then that there
has been developing since January, 1882 an in
creasing lack of enterprise; capital has steadily,
and, ii we may be permitted the expression,
ruthleesly been Withdrawing itself from every
productive pursuit. contracting pari passu the
capacity to consume goods; and thus our indus
tries caught between this upper and neither
mlll-stone, have been crushed. That and com
paratively little else is what railroad earnings
and railroad values reflect A large tonnage is
moving even now, but carrying system gagged
up to 10 per cent. more business becomes de-
norazed if that fraction is Withdrawn. When
the crib is low the animals kick'-hence with
loss of tonnage, cutting Ia logical reSult) has
been nt faatura IF the times Rut even