The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-13
RAILWAY NEWS.
The l., d. and S. to Pass Into the
Hands of Its Owpers-The Van.
dalia and the East Bound
Pool.


Officials OF the Illinois Midland state that
arrangements have been made whereby that
read will secure direct route to prominent
points IN Nebraska and Kansas. thorough
announcement of the route will be made
shortly and the Midland expects to enter the
field as prominent competitor for West.
bound passenger business.
The roads which contemplate the adoption
Of the electric headlight are at present con-
sidering the question as to whether or not
the increased brilliancy of the light will
warrant the expenditure of q large sum Of
money 10 place it on all passenger engines.
An electric headlight cost about FIVE times
as much as the ordinary oil light, being in
every way it's superior, and requiring bat
very little care.
A railroad man says that the trunk line
pool has about gone to pieces, and the act OF
Commissioner Fink in ordering a reduction
in rates from Chicago to New York is for the
purpose of keeping it together. The pooling
system, he says, is in q demoralized condi-
ton, and this is one OF the methods resorted
to 10 keep 1t intact. 1t is generally conceded
that little or no money is being made by any
of the roads at the present rates, the expenses
Of transportation being barely paid.
The Vandalia within the past week has
seriously considered the question of giving
notice Of withdrawal from the st. Louis
East-Bound Pool. According to the pool
agreement sixty days notice Is required be-
fore withdrawal in order to give the roads
chance to even up. A freight agent says
that be does not believe the VandaIia would
withdraw without giving notice, for should
the pool be broken up at once some OF the
roads would be left with balance due them
and no one 10 pay il. This same railroad
man, whose headquarters are in st. Louis
says that it is the only city that has ever
maintained genuine pool, Indianapoli
Louisville and Chicago, he says, haye ,
called pools and make a pretense of eveniug
up on freight, but it IS only pretense. Tie
st. Louis pool is money pool, and when 1
road comes out ahead in it's percentage {
has to give check to even up.
MEETING OF THE MoNoN DIRECTORS.
New YORK, March 12-At the meeting OF
the Directors OF the Louisville, New Albany
and Chicago Railroad to-day, the followin-
officers for the ensuing year were elected
President, William Dowd, of New YorI
Vice President aud General Manager, job
B. Carson; Secretary and Treasurer, w. L
Lewis Assistant Secretary and Treasurer,
William Dalles, Jr.; Executive Committee
John Jacob Astor, Samuel Sloan, Robert
I
Robert Z. Hit.
ANNUAL REPORT OF THE BEE LINE.
CLEVELAND, O., March 1.-THE annual re.
ports of officers of the Cleveland, Columbus,
Cincinnati and indianapolis Railway Com.
psny, were submitted to-day: Gross earn
ings for the year ending December 81, 1854
we're SO Sill, 742 and expenses and interest,
| So, 516, 525. The decrease in gross earnings
compared with 1888, was 124 per cent. a1O
/ gross tonnage per cent The bonded deb
| Of the company was increased during the
year by 81, 521 900, and now stands 81 S., SIC.
/ Gee. The cause Of the increase was for thc
] purpose OF securing control OF lines between
! indianapolis and st. Louis.
THEY ABANDON THE LEASE.
For nearly year past the l., B. and W.
people have been contemplating the aban-
Comment of their ffty-year lease of the l.,
D. and s., which was made about three years
ago. During this time the l.. d. and s. has
been barely able to pay operating expenses,
| and, naturally enough, the l., B. and w.
! folks were anxious to get II off thei hands,
and Ii seems that they have succeeded adj
mirably. President Hammond, 7. Atkins,
Secretary. and j. Probst, one of the stock
holders of the l.. ID. and s., aud J. ID. Camp
bell. General Solicitor of the l., B. and W.,
met IN this city yesterday to make the ma
arrangements for the transfer of the road tc
the second mortgage bondholders. Mr.. Ham
mond and party took a trip over the road
yesterday morning, returning last night
and TO day the necessary papers making ii,