The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-06

- Boyle, Formerly Vice President OF
the st. Louis Air Line. Makes q
Statement Concerning That
Road-Other Items.

Local freight business on the Monon is
very heavy.
President McKeen, OF the vandalia, has
returned to his home in Terre Haute.
The VandsIis people, is is said. will build
several new station houses between this city
and Terre Hsute in the spring.
Conductors still protest against the train
agent system which is gradually coming
into use on some of the indianapolis roads.
Two or three thousand tons of the steel
rails which the Wabash folks will receive
during the coming spring will be laid on the
l., p. and c. division.
The supply OF ice at Lake Maxinkuckee is
not yet exhausted, but is said to be about
twelve inches thick. An average of about
twenty car leads have been shipped over
the Logansport division of the Vaudalia
daily. Shipments are made to various
points large amount Is sent to Louis-
vile. Evansvile, Tefre Haate and this city.
The Logansport has in all probability &C.
cured more OF this class of traffic than any
other road in the State.
The Z. and I. Fl. people say that certain
parties in Vincennes are engaged in a con-
temptible practice to iDjure the road. Time
and time again they have sent out dispatches
of wrecks on this line when there was not q
word of truth in any of them. II this is not
stopped Immediately they say the sender of
the bogus dispatches will find himself in
serious trouble. as the railroad company will
not content itself hereaf er with denial of
all such reports. but will take steps to bring
the offender to justice.
The lows Commissioners in their report,
direct attention To the fact that while the
State regulates the mana cement CT the roads
its citizsns form bat q small proportion of
the stockholders. The total number of
holders of railroad stock in Iowa is % 900,
holding stock amounting ID $500 $50 766. Al.
OF the p, 500 holders of stock, only 40 are
citizens and residents of Iowa. The value
of the holding of the lows citizens and resi-
dents is IS $40, BAL. Al; %. 100 stockhold-
ers live out of the State. and $751;
S66, f25 in value are held out of the State.
THE LOUISVILLE AIR LINE.
The Louisville CourierJ ournal gives the
following statement as coming from st. John
Louis Air Line: There is much. however,
to be done, said NE. "before a reorganiza
tion can be effective. The equipment,
rolling stock and sidihgs would have to be
placed in better condition There is no
disposition among the Eastern bsndholders
10 wreck the property or to shut any inter
est out, but there is desire to secure har-
monious action and protect the interests OF
all concerned From the intimstions thrown
ont by Judge Gresham, long receiyership
Will e.t be permitted, nor will the Receiver
De allowed TO issue certificates, except
10 meet pressing demands. In all
pioosbilty the reorganization will
have to be made within the next
twelve months. and in the meantime the
motive power of the road and trausportotion
facilities will have to be attended to. The
present Car trust contracts may have tn
either be surrendered or compromised, aud
more favorable contracts made in ordsr that
the equipment may be made perfect The
present consracts cover liabilities for equip
ment to the amount of 500, 0Oo the prnci-
pal and interest of which is bsing paid
monthly, bat In view of the reduction in
the price of equipment that matter eau be
placed IN much better condition. Loco.
motives that cost under the car trust coz
uact $40 coo can now be obtained for s. 500
and If a comparison can not be made the
pres ent equipment can be surrendered an J
answ trust created on much better terms
so that by the time q sale IL ordered the ros
may be placed on a sounder basis and a re-
Organization effected, under which the prop
cry ran be bought by the committee