The Indianapolis journal., 1885-01-30
and March 10, 1885, IL was consolidated with the


eanized in 1879 as successor to Che Indiana North
and South railroad. sold under foreclosure The
last financial statement of the company was as
follows Capital stock authorized, So 900, 900;
issued, 81 200, 600; funded debt first mortgage.
per cent thirty year bonds, dated Nov. |, 1881,
authorized, $1,000 000; issued ST, 900. 900: total
stock and bonds issued. $2.000.000. At Fair
Oaks connection is made with the Louisville,
New Albany 6S Chicago, and it is said that this
company and the Chicago & West Michigan are
interested in the reorganization scheme.
Features of tile G. and o. r. Pool Agreement.
The new passenger agreement Of the Chicago
and Ohio river pool. adopted at Indianapolis
Jan. %, and taking effect Feb. 1, has just been
| printed for distribution. 1t is lengthy docu-
ment, and we publish but few Of the more i'm
| portant features Of the agreement The rates to
be maintained are those contained in the current
joint rates sheets published at Chicago, Cincin-
natl, Indianapolis and Louisville, and such
| special rates as may be agreed upon from time
to time by the regularly appointed rate commit
| allowed differential rate Of IS cents both
| ways between Chicago and Indianapolis, Of 81
| both ways between Chicago and Cincinnati.
Theatrical parties of ten to fifteen pay paSseE-
gers may be given one pass or free ticket; sixteen
to twenty-five pay passengers. one pass or one
free ticket and one ticket at half rate; twenty
SIX or more pay passengers, two passes or free
tickets. No annual or time passes shall be given
to managers, agents. or representatives of tfav-
cling theatrical or show companies or base ball
clubs
Shippers tickets, either one way or round trip,
shall be sold only to bona fide shippers or their
regular employees, upon order of the general pas
senger agent or general ticket agent, counter
signed by the general freight agent OR his repre-
sentative, and such tickets must be Of the non.
transferable sigma ture form. printed socalled
safety paper, and be signed by the purchaser,
| with pen and ink. in the presence of the selling
agent, and bear the agents signature as witness,
and the return portion of the round-trip tickets
| must be signed by the original purchaser, with
pen and ink, In the presence OF. and be signed
by, the agent at the destination of ticket and be
limited not to exceed thirty days.
Tickets may be sold at half rates on account
of welldefined cases of charity. and co nuns and
Sisters of Charity, but the words Charity" or
Sisters of Charity" as the case may be- must
be plainly written or stamped across the face of
all coupons OF such tickets. Half rates may also
be granted to railway and transportation COM
| pany employees and their families, upon written
request of any general officer Of the transporta
| ton line upon which they employed and to
employees in good standing upon written request
newspapers and other publications of established
standing and circulation, that are issued at no
longer intervals than once month.
No commission, salary, or side-cut shall be
agents or their assistants, brokers, scalpers ho
tel employees sidewalk men, passenger agents,
solicitors, hackmen, expressmen, or any other
parties in the cities of Chicago. Louisville Gin
cinnat, Indianapolis, New Albany, Jefferson
vile, Newport. or Covington.
No coupon ticket shall be cut and the portion
beyond Chicago Indianapolis, Cincinnati, or
louisville sold to any person without special
permission from the general passenger agent or
general ticket agent of the issuing line
ANY ticket of the, issue Of our reSDectine lines
purchased on or after Jan. /, 1885, regardless of
date of sale or stamp on back of such ticket, at
less than the rate herein provided for or in VIC
iation of any of the provisions of this agreement
shall be redeemed by the issuing company at
double the regular tariff or agreed value of each
ticket, for each oGenSe. and If any expense is
incurred in obtaining evidence of violation of
any of the provisions of this agreement, such
expense shall be borne by the party offending,
who, in addition shall pay penalty of 500
Paving the Way for More Profitable Rates.
For few days past, the situation, as regards
rates over the trunk lines. both east and west
bound, has been one of disturbance. Freight
men dare not make any contracts ahead, neither
do shippers so uncertain are rates, yet there is
a general feeling that these very reductions and
the ordered advances, to take effect to-day, have
paved the way for more proitablerates and their
better maintenance New York papers report
that much complaint is made by stockholders in
railroad companies about the action Of their di-
reetors in reducing rates when the stockholders
do not see the necessity for it. And it is often
said that in Europe directors would not dare, or
be allowed to act as Independently Of their stock
holders as they do here. Such statements are
too vague to do more than prove the soreness of
feeling that undoubtedly exists, and the steps to
be taken toward a better understanding between
owners and managers of railroad property are
many, and can only be decided upon after much
consideration of details. One point, however,
can be noted; it is quite common for owners
of railroad stock to act as If they feared to have
it knowp, as if they thought the fact would in
jure their mercantile credit. The rates which
take effect this morning are the same as prior to
the reduction some ten days since, the grain rate
being twenty three cents per 100 pounds-Indi-
annapolis to New York.