The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-03-25

payment is again claimed, was incurred, and,
unfortunately, clear data are wanting by which
to calculate what the Gould party is now max
ing out of the line in the way of coal contracts
and special freight rates and guarantees upon
properties that have been tackled onto the con-
As long as Gould and his party have con-
troll, it is certain that they will take good care
of themselves. They simply recommend that
interest shall be reduced from to per cent,
without any assurance that under the present
regime, or under any regime in which the Gould
influence is paramount. even the lower rate will
be paid Apretty clear intimatfnH that payment
is, to say the least uncertain, is conveyed IN the
proposal that it shall be entirely dependent upon
income and not even cumulative, while they
propose to give UP for seven long years all rights
of foreclosure"
Taking Hold In Business-Like Manner.
Owen Rice general ticket agent of the Gin
cinnati, Wabash G. Michigan, rather unpreten-
tious road, has issued circular in which he,
with others proposes to adopt plan which will
certainly secure a better maintenance Of rates
in the central States. The circular is now being
mailed to the general ticket and passenger
agents of all roads in Ohio, Michigan, Indiana
and Illinois. and reads as follows
mo joint-rate sheet proposed by US, can pre-
vail. unless we first provide measures to protect
and enforce it. Obviously, the commission evil
outside agencies, the discretionary powers en-
trusted to foreign travelling agents, resulting in
corrupt compacts with our own men. as well as
other hostile influences. unite to evade and inn
pair our tariffs In order to overcome these. the
enlargement of the functions Of the Western
Association or the formation of a distinctivey
central association, to make common cause
against all who violate its enactments, seems to
be the most effective remedy, Assuring you that
we have favorable responses from prominent
lines, other than those uniting in this call, suf
cient to assure very general attendance, you
are earnestly invited ia be present at meeting
to be held at the Bates House, Indianapolis, at
10 A. NJ, on the 31st inst. to aid in taking such
action as may make the rate sheet, to be framed
at Chicago on the 7th prox., inviolable" The
circular bears the following signatures Owen
Rice, general ticket agent, c., w. q M. railway
vania lines G. F. Atmore, general passenger
agent, Il. q N. railway; w. T. johnson, general
passenger agent l.. s. 81 M. S. railway; A. j.
Smith, general passenger agent, Beelne; G. w.
Smith, general passenger agent, L. f. 81 W.
railway; John Egan, general ticket agent, c., l..
st. l.. & G. railway; c. K Lord. general passen-
ger agent B. e. o. railway; A. f. Clark general
passenger agent N. " p. 81 O. railway; S. w.
Snow, general passenger agent Q. q A: railway;
R. p. Kinnaird. general ticket agent F. W., G.
& l.. railway; VIM. Hill, general passenger and
ticket agent, @. e. E. ]. railway.
Will Expend Se,OOO.0OO in improvements.
This bearish talk regarding the Louisville,
New Albany & Chicago road has brought one of
the officials to the front in defense of the com
pany. An official of the road tells the editor Of
the New Albany Ledger that at the recent meet
ing of the stockholders and directors of the road
in New York, a policy was adopted that looks to
the immediate improvement of the road and the
payment of all floating indebtedness. The bet
terments are to include the ballastirg of the
track, and the addition of number of locomo-
tives and several hundred freight cars The
owners of the L., N. A. & @. are among the
weaithiest men of New York who are abundant
ly able of themselves to make the Monon
q frstclass property and who intend to
do so. 70 this end the recent changes
in officials Of the road were made.
Mr. Dowd, the new president. has had a
good deal of experience in railroad management.
while Mr. j. B. Carson the vice-president and
general manager is noted as one of the ener-
getic and successful, and practical railroad men
in the country Both these gentlemen accepted
their present positions upon the distinct under
standing that the owners of the road would put
up one and half to two millions of dollars to
put the road in first-cass condition in both track
and equipment Mr. W. s. Baldwin, the general
passenger agent of the company, is also rail
road man of national reputation, and has been
brought into the L., N. A, & G. on account of
his ability, and in view of the new era in the
company's affairs and management Nearly the
entire stock and nearly all the bonds Of the road
are held by its New York owners, and they alb
solutely control its affairs. There is no disagree
ment among them in regard to the new policy to
be adopted, and therefore 10t the slightest prob
ability they are going to give up their own man
agement of the property to a receiver.