The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-24
AFFAIRS OF THE RAILWAYS.
Personal and Local.

The Vandalia company viii adopt the West
tnghouse pneumatic train signal which is giving
Such general satisfaction on the Pennsylvania
road
superintendent Van Tassell and General
freight Agent Williams, of the Ohio Southern
road. are in the city, conferring with Manager
Henderson
J. Mauzy for years connected with the eat
Lighthouses and diningcars on the Beeline, was
buried yesterday at Union. For some weeks ne
Aas been lying very low with consumption
George Bender rntendent of the Indian
apolis, Decatur g. Springfield road yesterday
Buried his mother. She was seventy-four years
of age and greatly beloved and respected by all
who know her.
Win the trunk-ne pool continue to exist
after May 1 is now the question. Little prog
Eess has been made in the way of harmonzing
the opposition on the part of the Pennsylvania
dimes and the Chicago 81 Crank Trunk. Both
seem anxious to rid themselves of the pool
Ehaekles.
Walter Freeman, who recently resigned al di-
vision freight agent of the New Jersey division
>of the Pennsylvania Railroad Company. to take
charge of the soft coal commission of the Bati-
more 81 Ohio and the Pennsylvania railroad
companies has also resigned his position as as
assistant general freight agent Of the West Jersey
Railroad Company. Mr. Freeman has been in
Lsxas opened to Woodbury., in 1857.
There seems to have been change in pro
ggr@mme in the appointment of a master me
chanic for the Indianapolis. Decatur 81 Spring.
field road. VIM. Miller, of Terre Haute, will
remain with the Vandaiia and the position has
been offered to John McKenna, late master me-
zhanic of the l.. P. e. G division of the Wabash
gystem. Receiver Hammond could not well
have made better selection, and it is to be
hoped Mr.. McKenna will accept While being
10 1oc+ - aptp ha anQcy me- N
we'll keeps equipments in No. l condition, and
practices economy whenever it is admissible so
to do, and where it can be done and the property
fully maintained
Tho receivers of the Wabash. St Louis G. Pa
ci6c road, under date of April q, 1885, give no
tice that under order of the United States Cir
cult Court, they will, on April 26, cease to
operate the road from Tilton, Ill.,, to Cairo,
I'LL, known as the Cairo division OF
the Wabash, st. Louis e. Pacific Railway.
For the operation of that road until and includ-
ing April 26, and for the revenues accruing
therefrom, the employees will report to the re
ceivers, under instructions from the several de-
partments All accounts with connecting lines
for ticket sales or other interchange of traffic,
accruing prior to April n, will be settled with
the officers of the receivers as heretofore.
Every move of the Pennsylvania people makes
1t more apparent that they propose to take all
she benefits that can be derived from their direct
lines and SUPERIOR equipments The Pennsylva.
mia people take the ground that when railroad
company go to the heavy expense of constructing
AS near as possible perfect road-bed aud then
placing upon it superior rolling stock
and make fast time, they should not be
asked to allow a differential rate to an inferior
competitor. There are railroad officials who
fear that the stand the Pennsylvania people
have taken regarding differential rates will lead
to . big war on passenger rates. The same per-
sons. however, admit that, were they in the posi-
ton the Pennsylvania road is, they would take
similar action.
VIII Not Fritter Away Their Interests.
What is known as the Quigley syndicate hold
ing considerable per cent of the mortgage
bonds resting upon the Toledo, Cincinnati e. St
Lo u;s narrow guage road, report good progress
in carrying cut what is known as the Quigley
scheme of protecting the interest of the different
classes Of bondholders. All bondholders have
been notified that they will be permitted
20 subscribe to the trust agreement of April 9,
1884, and deposit their bonds, pursuant to the
requirements thereof, until May 10, 1885. and
not afterward The privilege of subscription will
positively not be extended beyond that time and
bondholders already subscribers to the trust
agreement, who have not yet deposited their
bonds. must make such deposit within the same
limit OF time. Regarding the efforts of what is
known as the Corbin syndicate to defeat the eff
forts of the Quigley syndicate, the committee
cay that they have ''been more or less INSTRUCTED
IN their iabors by persons styling themselves a
Committee of the st. Louis DIVISION and un-
derstood to be an instrumentality of Mr.. Austin
Corbin (whose name appears as one of the so
called committee), for use in connection with his
Indiana, Bloomington 81 Western scheme. 1t
has frequently been necessary to explain that
while these gentlemen think it net improper to
assume the style Of a Committee of Bondhold-
ers,' to issue circulars and to cause or permit
newspaper reports to the effect that they
have obtained control of your property.
1~x< Ca
If any, bonds except those owned by members of
the SO. called Corbin committee, the fact that
your committee hold vast majority of all the
bonds on both divisions being suppressed and
concealed Now, while it would not be possible to
destroy our trust. yet the possession of consid-
erabie number of our certificates would, per-
haps. enable them to throw affairs into great and
perilous confusion. That is the end aimed at,
there can be no doubt. 1t is easy to see that
such state of things might be greatly for the
interest of the T., B. & W. Indeed, it would
seem to be altogether probable that this is but
another attempt to break up the confederacy of
bondhoiders, in order that the property may be
bought at the foreclosure sale at merely nomi-
nal price, for it will be noticed that this curious
circular proposes no plan, its signers assume no
obligation they merely suggest that if certificate
holders will place themselves in their hands, they
viii consider later, and after DEGREES of foreelos
ure. what it is best to do with them" The
committee add that it is quite certain that
nothing could be more for the interest of our
certificate holders than that Mr.. Corbin and his
friends should buy the property at the foreclos-
ure sale II they are able to bid more for it than
your committee will be able to bid with SUBJ
stantally all the bonds in hand to use as pur-
chase money, for, in that case our certificate
holders would receive in money par or nearly
par, for the bonds. Therefore, by all means. let
Mr. Corbin and the rest buy the property if they
wish to do so, and are able to do So as they pro-
fess but let them pay for it with their own
money, not with your bonds After the sales
and purchases il will remain for the respective
owners to determine what just and fair arrange
msnt shall be made for uniting the properties
and creating powerful and independentthrough
line able 90 take care of itself, if need be- with
out any alliances whatever and, at the same
time, able to dictate terms for an alliance with
any of the numerous sutors that are certain to
present themselves. All this the trust deed con