The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-01-27
IRON HIGHWAYS
he Condition OF the East. BOund
Freight Pool.
Nr. Huntington and the Houston,
Texas, Central Borhdolders-
Other Items Relative 10
Railroads and Their
Employees.

The cold weather and drifting snow oc-
cssioned many delays on Indianapolis roads
yesterday.
Notwithstanding the dull times and ex-
treme cold weather, the Wrecking Frog
Company is doing prosperous business.
The first new engine turned out of the
Panhandle shops east OF the city will oe
ested to 6sy. 1t is numbered 375, and viii
be in charge OF Engineer Frazier.
The Vanderbilt party will start for New
Orleans to-day. They will run from Cleve.
land TO Cincinnati over the Bee Line, and
Will attempt to make the fastest time on rec
ord between these two points.
The much contested case OF Colonel John
b. Milroy, of Delphi, VS.. the Air Line Road
has been decided, the verdict being for the
plaintiff in the sum OF $3.50 The Colonel
was injured at crossing on this road IN 1883
The Western Association of General Pas
senger and Ticket Agents will hold It's an
nusl meeting in Louisville next month.
large number OF Indianapolis ralrosd men
viii attend. President Samuel Stevenson
avs in his call that az effort will be made 20
evise the basing rate sheet. and that men,
oeTs are requested 70 have clerks present
such changes as they mSy offer.
circular was received by local railroad
men yesterday from COMMISSIONER Fink,
reading as follows: AT a meeting OF the
Trunk Lice Executive Committee, in order
meat the action OF some of the roads IN
meEing time contracts on west-boUnd traffic.
he west bound rates snoald be reduced 10
me following basis: First class, so; second,
40; third, 30; fourth % cents per hundred
special, Is, New York TO Chicago"
a circular has Just been received from W.
f. Powell General Emigration Agent of the
c., NJ. and S.. P. Road, giving description
of the magnificent display o. that road at the
WoIlds Exposition. Most noticeable
among the exhibits" the circular says" is a
design of locomotive and tender and
train OF cars, consisting or q ocomOtige and
tender, baggage car and coach complete aud
figure of lady, all mSds entirely of grain
and grasses"
New Orlsans business is not as heavy ss l
thought it would be at this Time" said a
local agent yesterday. The railroads have
the satisfaction, however, of knowing that
they derive some profit on all the business
that they do secure to this point something
that could not be said were rates badly de.
me- rallied, and even hundreds OF people 60
ing in that direction every day. You viii
remember, no doubt that before the World's
Fair was opened reports were in circu'aeon
to the effect that a rate war would be on bs
fore the middle Of January. You see how
ever, that the aforesaid war hasn't developed,
nor Is IL likely 10, for there 10 decided dis
position on the part OF the various lines 10
maintain rates in ali directions, and especial
~ 10 S1uiherr points. The railroads are
having more tIOusle with tcalpers than any
thing else at the present time. Ii these gem
try ere only allowed to have their own way
they will completely demoralizs Nav Or
iesns business before the opening of spring"
There hal been a good deal OF complaint
by bend-holders Of the Houston and Texas
Central Company directed toward Mr.. @. P.
Huntington, who represents a controlling
share interest as President of the Southern
Development Company This com oany, that
is the holder OF q ma 0rity OF the shares,
bought the first mortgage coupons due this
month. Mr.. Huntington has written a
etter, in which ne ex o. aims how he cane IL
have any connection with the Hooseou and
Texas Central; il was by Purchasing the late
Charles Morgan's interest Ia the Norgsn's
Louisiana and Texas Railroad. The latter
railroad Mr. Huntington wan ted for the New
Orleans and Of his Southern Pacific Linz.
Ihe Houston Road forms no part OF this line
800 only teaches IL at Houston; but the
Morgan Company owned most OF the stock
80 that the control o. IL meant the control
OF the other. The control YVES OBJ aimed IN
the spring OF 1882. Mr.. Huntington say-
that The Southern Development Company
vas applied 10 Tor an advance Of m0pey q
pay the nfst-mOrtgsge coupon asst JulY. 40
that but a email part OF the advance tbag
made T'ss repaid during he next half year,
std tina feeling that the road would nat ne
ale 10 e 70 its large interest charges, he d.
ermined nGs to make farther advances Or
this account.
We said asst week that there was danger
OF the suspension of the esst.hound freight
pool. What has happened is not that ex-
actly, but what may be called a suspension
of the pool rates. The meeting OF trunk line
Presidents last week authorized the various
cCn-2-i-s to meet any cut rates. Ap-
psrenlly everybody is surprised to End tha:
the changes IN rates have been so small. a
Chicago the twenty-five cent rate en- grsiu
was immediately reduced to twenty-five
presumably to meet cuts at Milwaukee ans
elsewhere, and on Monday there was fur
ther reduction to twenty cents which seems
20 be firmly maintained. Moreover, the diff.
ierent roads, instead OF rejoicing at their
freedom and hitting a head whenever they
zee one are said to be consulting with each
other, the rates at the several pooling points
being made by the joint action OF the
roads, these acting through their regular
committees and aiming 10 make no greater
Teoucllon than is required by rates m ide
from other places. Indeed. there seems IT,
oa general disposition 10 avoid carrying
Tor less than cost. There is a close approach
TO it, but on most OF the roads twenty cant
rate will probably paw expenses, and on
some of them leave q little margin OF profit
possibly as much as Eve cents per 100
pounds on the line which is cheapest to
work. But on the best OF them the profit ct
twenty cent rate can not be more than half
as great as at the regular twenty-five cent
rate; and on some perhaps but one-thirio-
one-fourth. The cents that are taken of
come from the few cents of net profit aud
not from the many OF working expenses