The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-02-21
AFFAIRS OF THE RAILWAYS.
Personal and Local.

with American elecIflc neaullBuU.
The Louisville, New Albany & Chicago is re-
ceiving 1000 tons of stesl rails from tho mills at
Joliet, H., on a contract for 5000 tons.
The Evansville & Terre Haute road earned the
first week in February $i3, 1913, a falling off as.
compared with earnings corresponding week
1884 of s., 500.
Paymaster Crawford, of the vandalia is max
ing his monthly rounds with his usual prompt
ness, paying yesterday on the Indianapolis divis-
lion, for January.
1t is seventeen months since any accident of
&C all serious character has occurred on the j.,
M. |. road, and it is said to be really ITO miles
of the best railroad track in Indiana.
The Wabash road earned the first week in Feb
ruary SD. 364 The earnings of the road since
Jan. show an increase earnings CORE
spending period last year of $1445l3
Since the severe weather and snow blockades
have been in vogue the rule among railroad Of
ficials that there should be no swearing done
over the telegraph wires has been obsolete.
Godfrey O'Hara formerly private secretary
to Vice-presidenr A. l.. Hopkins, of the Wabash.
has been appointed private secretary to General
Manager II. III. Hoxie Of the Missouri Pacific, at
St Louis.
Samuel De Bow. formerly general man
ager of the Atlantic fastfreight line, has re-
-ceived the appointment of general manager of
the California fastfreight line, with head
quarters In chicago.
The section man is now earning his $110 per
day On many of the roads they are walking
the track by night shoveling snow by day. or
aiding in placing wrecked trains on the track
both day and night
Fl. G. Villas. general manager OF the Erie &
North Shore, and the Commercial Express fast
freight lines. has ordered the Office of both lines
at Cincinnati closed on March /. Both are prac-
tically Erie fast-freight lines and the move is
made in the way OF retrenchment.
Superintendent Sherwood last night got his
passenger trains well Strengthened out and
to-day all will likely be running on time The
last trouble was entirely on the Illinois Central
end of the route. Between Kankakee and Gin
= cinnati there has been no trouble during the
week. 1872
The report of the St Louis Bridge Company
shows that during last year total of 3O1,3l5
freight cars crossed the bridge, an average of
1.12I daily, including Sundays. There
transferred over the indianapolis Belt road 420,-
676 freight cars. or 119 2G1 more cars than there
were transferred over the bridge in 1884
President Newell is stated to have declined to
leave the Lake Shore and assume the presidency
OF the Chicago, Milwaukee 81 ST Paul. The little
birds flying about Wall street say that he re-
sponded to the request that he had seen Lake
Shore in the fifties, and as high as $780, that it
was now in the sixties and he proposed to see it
J3O again before leaving the company.
The L., N. A. & c. people have experienced
so much trouble in opening their (Air) line be-
tween Indianapolis and Chicago it is suggested
by an old railroadcr that they once get good
ready, then the experiment would doubtless be
more successful. Running trains after the fash
ion they have been run thus far has done more
to damage the road in its business than a year
of tho wisest advertisement can overcome.
The c., l., St l.. & G. people have been very
fortunate in the matter of broken rails AS yet,
this season, on the main line there has not been
n broken rail. President ingalls, has been very
particular to the quality of rails he purchased,
thinking 1t wise to pay little more per ton than
some roads which arc now having SO much
trouble with broken rails, and probably this has
much to do with their exemption from trouble i'll
this direction.
II. NJ. Bronson. general ticket agent of the In
DIANA Bloomington Il Western road, has sent
out the following notice to the public: Il wish
TO canton the public against one Howard Saxby,
who understand, is representing himself as
Tns.flasee sinS& ePS rtment Indiana. Bloom
ington & Western railway, Any letters he may
show purporting to give him authority to repre-
sent this company, in any capacity, are false.
He has no authority to advertise this road in any
manner whatever
The Reorganization of the Wabash.
J. f. Joy, president of the Wabash system Of
roads, has been in the West for few days look
ing the property over preparatory to his sail for
England, where he goes in few days to en-
deayor to carry out the proposed plan of reor-
ganization. The foreign bondholders have made
the following proposition to the American bond
holders:
"First-In the proposed reorganization the
new general MORTGAGE bonds limited to the
amount of the existing bonds ($l7 600 000) shall
be issued in exchange for the present bonds
bearing, however, per cent interest instead of
g. and depending on the income for the first five
years.
observation-disclosures rights are to be sus-
pended for this period, and will not be exercised
for two years after.
''Third-The general mortgage bondholders
shall have fair aud proper representation on the
board during the income of the period
''Fourth-The collateral trust bonds and the
floating debt shall be extinguished out of the pro-
posed assessment on the stockholders and by the
new first preference stock to rank after the gen
eral mortgage
''Fifth-That the assessment on the stockhold-
eHs shall be So per share on preferred, and So on
the common shares. such assessment to be repre-
scented by the new first preference stock. The
committee, considering the foregoing to be the
basis of an arrangement to the interested bond
holders, accept and recommend it, and have
asked Mr.. JOY to come over and attend the meet
ing of the bondholcers at which it will be sub
mitted for approval
The Position Taken by the Pennsylvania.
The following letter indicates clearly the po-
sition Of the Pennsylvania Railroad Company
OF the question Of discrimination which is now
before the Legislature of Pennsylvania in the
shape of three proposed laws:
PENNSYLVANIA RAILROAD COMPANY
GENERAL FREIGHT DEPARTMENT.
PHILADELPHIA Feb. Ii 1885.
'''ro the BOARD of Directors of the Commercial Ex-
change Of Philadelphia:
'sGentlemen-I have noticed in the newspapers
some discussion in your association as to the
policy of sendinga committee to Harrisburg for
she purpose of giving your views to the Legisla
lure as to certain ant-discriMination bills now
before that body and take the liberty of stating
in this connection, that this company has no OBJ
lection whatever To the passage of any bill regu-
lating the rates of transportation which would
be based upon proper commercial and business
principles, and at the same time, would prevent