The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-08


winter
The Pennsylvania Railroad Company is to
bring the line of the Delaware. Maryland e. Vir
GINA railroad its recent purchase on the PENN
sula as near the standard of its main line as
possible
The gross earnings of the Denver & Rio
Grande for July were $34S. 300, an increase OF
| $l47, 895. For the seven months ending Aug l.
the gross earnings were s., 2G5 So, an increase
of $348, 997.
| The statement is made that the Baltimore &
! Ohio expects to secure an independent entrance
| into Chicago over the proposed Great Western
| Railway which has been granted right of way
| into the city.
Conservative operators claim that the pros
| poets of a fight among the granger roads similar
| to the long and bitter contest between the New
York Central and the West Shore are so great
that there is little hope of its being avoided.
All the roads leading into New York will be
severely taxed today to furnish transportation
tor the persons who will attend the Grant fu-
! neral ceremonies in New York All companies
gave orders to have their full equipment placed
IN readiness for use to day
Regarding the c., B. & @ snew road along the
east bank of the Mississippi, advices state that
already half million dollars has been expended
on this extension, and the total estimated cost is
about $40 000 000 1t is difficult road to con
struct, and cannot be completed much before the
latter part of 1886.
President Sloan says the report that his COM
pany is to be shut out of the new pool that is to
follow the close of the Pennsylvania and Central
NEGOTIATIONS because he declined to reduce the
coal quota for August, is ''news to him. and not
likely TO be true. We are in che pool now-why
should we go outY The rumor is not worth
noticing
The Boston Advertiser says: "And now the
wrecked aud wretched Union Pacific, given up
by the financial DOCTORS abandoned by Gould
and doomed by the Boston Post, lifts an ema-
ciated hand and also a cracked voice, and offers
to purchase on behalf of the company on or be-
fore Aug. 81, 1855, any or all of the outstanding
issue of its land grant bonds
The rev directors of the Cleveland e. Ma
honing Valley railroad organized yesterday at
Cleveland by electing the following officers: S.
| Burk, president; j. II. Devcreux, vice president;
E. X. Perkins, treasurer; E. E. Poppleton
| secretary. The road, it is said, pays about
| II per cent. per annum in dividends, and most
| of the stock is held in England.
An Eastern exchange says there is about as
much sense in the pools of the railroad companies
| as in the strikes of the workingmen. When
| freights scarce the pools don't hold water,
| and when freights are plenty there is no use for
| them. SO workingmen strike when work is
| slack, and there is in it; when there is
| more work to do than hands to do 1.-THE legt-
| innate time for effective striking-strlkes are
| never thought of.
| The Philadelphia Record asks: 'How is trunk
| line harmony to be assured if part of the bar
| gain between the New York Central and Penn
| sylvania Railroad companies is an agreement to
join their forces in the effort to keep the Balti-
more 4 Ohio Railroad Company from extending
its lines to New York? The Kilkenny harmony
that will grow out OF such policy is calculated
| to fill the minds of the thermometers with rapture
If that is the game the trunklne quarrel is just
| beginning"
| The Northern Pacific Express Company has
| completed arrangements by which it will estab
| sh a system of market reports from fifty OF the
most prominent points along its line This in
| cludes points in British Columbia and en-
| braces territory of 5000 miles. The reports
| will show tho prices OF grain produce, fruits.
| live stock etc, and will.b issued weekly. They
| will be posted oil bulletin boards, put up in all
| the principal business houses, hotels, chambers
of commerce. and places where people congre-
| gate.
| meeting Of the representatives of the steel
rail mills of this country will be held at Long
Branch next Tuesday and Wednesday. sim
liar meeting was held last winter in Philadelphia
where it was proposed to limit the production by
working only part of the time, or by paying
some of the mills an allowance for remaining
idle. 1t now transpires that all of the compan-
les agreed to the scheme proposed with two ex-
ceptlOnS. The Pennsylvania and the Bethlehem
companies objected and hence nothing was
done but the meeting adjourned subject to the
call of the two companies mentioned
A committee was appointed at the last session
of the Georgia Legislature to examine and re-
port upon the operation of the railroad commits
sion law, and the condition of the roads, etc
The committee has just reported condemning
the narrow and liberal construction put upon
the law by the Railroad Commission, and CRITICS
ing the policy it has pursued under it as unjust
to the railroads and injurious to the credit and
interests of the State The committee reports
that the railroads have been, and are, the fore
most agency in the development of the wealth
of the State, while the Railroad Commissioners
claim that they. and not the roads, are the most
| important agency in the State.
There is good deal of dissatisfaction among
the West Shore bondhoders with the plan of
| reorganization proposed by Drexel, Morgan &
Co., to which the New York Mail says: SIN
order to make their resistance effectual. it is
! only necessary for them to furnish money to
the receivers to keep the road in operation If
they can keep UP the fight long enough they
may tire out the New York Central stockholders
and thus secure better terms. But this is what
they might have done before the reorganization
| plan was promulgated. If the receivers certif
Gates had found ready sale, the terms offered
by the New York Central would undoubtedly
have been more liberal Dissatisfaction comes
too late. The terms offered are not dictated by
the loftler impulses of the human heart but by
the supposed necessities of the case.