The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-28
in the future of the property, which is evidenced
In the fact that none desirous OF selling
either their stock or bonds

Notice Of Consolidation of FasJ-Freighr Lines.
Several Of the general freight and line agents
at this point have received official notice of the
consolidation of the Red, White and Midland
fast-freight lines. At the meeting held in
New York. Oct Is, the following resolu.
tions were adopted: 'sThat and after
Nov. /, 1885, the Red, White and Midland lines
be consolidated under one management; that
Mr. G. B. Sherman, at present general manager
of the Red line, be, and is hereby, appointed
general manager of the consolidated line, TO take
effect Nov /, 1885, and that he proceed at once.
upon that date, to take the measures necessary
to effect the consolidation: that the number OF
agents to be employed at important centers be
referred to the general manager of the consoll-
dated line, for consultation with the Initial
roads at such points, and with the object OF as
great a reduction as practicable IN the
same" The Cleveland Leader, which seems
to be we'll posted on line matters, says:
THE scheme for a further consolidation with
the North Shore and the Merchants Dispatch
will probably require some time before it can be
consummated. The North Shore or Blue line,
operating the Vanderbilt lines and their tribu
taries north of the lakes, was formed only a few
months ago by merging three separate lines into
one, so that it is pow practically In the same
shape as the consolidated Red, White and Mid
land lines. The next step would be the union of
them all with the Merchants Dispatch which is
the only incorporated Vanderbilt freight line.
| and which is controlled by the New York Cen
trail, with headquarters at New York. The Mer-
chants Dispatch is the prime motor for Western
distribution the Vanderbilt system, and the
other freight lines act subordinate and in har-
mony with it."
The Affairs of the l., p & G. Taking Shape
After much dillydallying, the l., P. & c. di-
vision of the Wabash system has been turned
over to the bondholders, who have appointed E.
FL. Scott as their general agent to look after
their interests. Mr.. Scott is, as we'll, general
agent of the c., l.. & C. bondholders, who own
the portion of what was the l., P. & G. road
lying between Peru and LaPorte Ind. Mr..
Scott has made arrangements similar to those
by which the Wabash company operates this
division to operate the divisions of the l., ?. &
g. road lying between Indianapolis ana Peru
and LaPorte and Michigan City, until such time
as the several divisions are sold at foreclosure
| sale by order of the court, which order it is
| thought will berWade within the next sixty days,
| and little doubUfs expressed that at such sale
the road will be purchased in the interest of the
| Wabash, and with the reorganization will be
continued as part of the Wabash system. An
official of the latter says it would be very IN
wise for the Wabash people to allow the l., P. q
| @. road, certainly between indianapolis and
| Peru, to go out from their system. Yesterday
who represents Wager Swayne, the trustee
and Superintendent Stevens passed over the
| road and took inventory of the property and
inspected the roadbed, so that the bondholders
will understand what they have got, and its con-
dition.