The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-01-08
IRON HIGHWAYS.
Meetings OF the Stockholders and Dr.
rectors or the indianapolis
Rolling Mill.
Financial Trensactions-The
Wages OF Missouri Railroad Men
Mr.. Fink's Appointment
Other Items.

F. F. Givsns has been appointed agent OF
the L. and n. at this point.
The project to build q line between lodi
annapolis and New Albany to compete with
the j., N. and l. has been revived.
General Freight Agent Mcleod, OF the c.,
n. and D., will appear before the Indianaps-
lis Committee Of the Esst-bound pool to an
swer to the charge OF rate cutting.
There is a growing demand for ''emPties''
en- the various Indianapolis roads as the
grain movement increases. and il is a notice.
able fact that very few cars are sidetracked
at the present time.
Had the railroads, in turning over a new
leaf on January 1, firmly decided not to blot
the clean white page with the record OF the
spotter, the man whom no one respects and
whom the railroad management themselves
consider q necessary nuisance, they would
have been ~eternaliy blessed by conductors
and the public generally.
W. 81. Wharton, q veteran in the auditing
department of the J.. NJ. and l.. who was
transferred to the Office OF Superintendent
Mckenna when the former Office was moved
10 P~ittsburg. has been summoned to that
city by telegraph to assist in placing the J.,
". and /. branch of the consolidated Office
In smooth running order.
A general order has bsen issued by Superin-
tendent Vandergrift, of the T., @. and st. L.,
abandoning from date all classes of trains
between Frankfort and Toledo. All station.
except county seats will also be closed. This
throws out Of employment thirty crews.
The closing of the road is all owing TO the
fact that the bondholders failed to effect
organization,
There are rumors a6oat to the effect that
William Dowd, formerly President Of the
Hannibal and ST. Joe, will be rendered the
Presidency Of the Monon at the next annual
meeting of the company. 1t is said that ii
was at mis- suggestion that Mr.. ]. b Carson
was made General Manager of this road. Mr..
Dowd 10 considered one of the most able
railroad men in the country, and is eminent
~ fitted 10 be ut the head OF this great rail-
vsy system.
Said a prominent shipper yesterday: ~
don't remember the time when freight rates
were so well maintained out OF this city. l
had a large consignment of grain for the
teaboard yesterday. and tried my best to
send it out at cut rates, but all was of no
avail. None of the roads would give me a
special rate. so / had 70 let it go st full tariff.
The shippers may be breaking rates al
ltOA4ns anu o. jill DAt bnCI W
not doing il at Indianspolis."
A special to the Louisgiila Conrier-Journal
from Knoxville, Tenn, says: News oil
Henry Fink's appointment as Receiv YER OF
the East Tennessee, Virginia and 6 Georgia
tory covered by this system with a feeling OF
great pleasure. In this city, especially,
where the East Tennessee controls all lines
centering here. there was a large amount of
rejoicing among business men and the public
generally. Had the plan OF a receivership
tailed, the entire system would have passed
into the hands of Seney's party, who control
the Richmond and Danville system, almost
destroying competition betweea Eastern
cities and extreem Southwestern points, also
shutting off Kuoxville's Wholesale trade with
the coast States. As Fink is the present
General Manager of the road, no probability
Of q change in officials is anticipated.
The report oil the Commissio ner of Labor
Statistics for Missouri shows that there are
1886 railroad employees in that State, whose
yearly earnings average as follows: General
officers, S4,524; assistant and division super
intendents, 8 ,4O0; civil engineers, S1,sS4;
master mechanics, 5000; masters of traos.
portation. road masters and bridge foremsn,
$1,44O; clerks, 1892; m~acninists. $50; passen.
ger conductors, $1,056; freight conductors,
81. 0S0; passenger engineers, 81 ,080; firemen,
5000; wipers. $432. baggagemen, $500; brake
men, 1854; station agents, not telegraph OBJ.
orators. 1854; station agents, also telegraph
operators, 1854; Telegraph operators. not sta
tien agents. $500; carpenters. $7S0;, section
foremen, S507; section men, $507; laborers,
$4,000; switchmen and watchmen, $3.50;
bridge tenders and bumpers. S420, and other
employees, 1892.
THE ROLLING MILL STOCKHOLDERS MEETING,
The annual meeting of the Indianapolis
Rolling Mill was held yesterday, and the old
Board Of Directors was elected. The report
of Secretary Morgan was submitted showing
that the property of the rolling mill had de.
preciatedH in value during the past year, and
that the company had lost money, the only
source Of income being from the foundry at
the mill and from trackage. Income from
these sources was about $4,000. The loss
from ~shrinkage and other causes during the
year amounts to s2s, 600. The company's
road, the Bedford and Bloomfield, has
earned during the year $50. 900. The road is
in excellent condition, g considerable
amount having been expended in repairs
during the year Just past.
Immediately after the adjournment OF the
stockholders q meeting of the directors was
called and the following officers elected.
Aquilla Jones. President; S. w. Margan, Sec
rotary and superintendent; ]. Thomas, Treas
uer. Thedirectors then discussed the question
of converting the rolling mill into Q bar iron
mill also, the conversion of the steel rail mill
into . steel bridge mandatory. 1t was es
timsted that it would take nearly $1,000
20 make the changes. and the Secretary and
Treasurer were appointed q committee to re
port upon the a~dvisability of making the
changes. The board also recommended
President Jones for the position of Post
master at this point before it adjourned.
PECULIAR FINANCIAL TRANSACTION.
There has been considerable surprise at the
announcement that the Southern Develop
mens Company would purchase the coupons
of the first mortgage bonds of the Houston
and Texas Railroad. This is q road controlled