The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-26
AFFAIRS OF THE RAILWAYS.
Personal and Local.

pie after July L.
The bull side seems to, just at present, have
The best hold on c., c., G. & /. stock, which
has advanced six points in that number of days.
The employees on the c., l., St L. & G. are
sending out invitations to their annual picnsc on
July q at louisville. There are alwa US pleasant
gatherings.
Officers of the Western Indiana & Belt-line
were elected yesterday, as follows: President,
john B. Carson; secretary, A NJ. Clarks; treas
urer, j. D. Stokes.
at is all poppycock!" was the curt but effective
answer President Depew gave to stories about
negotiations for settlement between New York
Central and West Shore.
The Ohio & Mississippi has requested the list
ing, on the New York Stock Exchange, OF $3,-
2l6, 900 general mortgage ives to pay past-due
coupons, expenses of betterments, and purchase
equipments.
The Philadelphia Press announces officially
4hat A. J. Cassatt has declined the receivership
of the West Shore road. This makes three re-
fusals to take it, viz: Commissions Fink, b. Z.
Clarke and A. j. Cassatt.
On Wednesday President Depew, of the New
York Central. summoned President Devereux,
OF the Decline system. President Newell, of the
Lake Shore, and Receiver Caldwell, of the
Niekel-plate. to New York for a conference.
IL is with no regrets, says the Boston Tran
script. that the resignation of Receiver Craig
from the Toledo, Cincinnati 81 st. Louis is
chronicIed. He has talked a good deal, and
now admits that he can do nothing for the prop
erty.
The directors of the reorganized Conotton
Valley railway met yesterday and elected the
following officers: III. A. Blood, president; u. X.
Il. d. Hewen, assistant treasurer and Samuel
Briggs, general manager.
C. S. Blackburn. the newly-appointed agent
for she Union Pacific for the Indianapolis termi-
nus A W. Barbour, who represents the road at
ST Louis, and j. d. Welsh, their representative
mt Cincinnati, were in the city yesterday looking
for q room suitable for an Office.
Mr. E. r. Wilson will retire from the posi-
ticn of general passenger agent of the Cincin-
natl, New Orleans e. Texas Pacific road July j,
and his duties will be transferred to Fl. Collbran,
the present general freight agent. The change
is made in the interest of retrenchment.
The Baltimore & Ohio people, it is stated, are
not satisfied with the representation they get at
the outside ticket offices of the l., b. & w. and
C.. l., st. L. & c. at this point, and will establish
an outside ticket Office at Indianapolis of their
own as soon as they find a room suitable.
Commissioner Richardson, of the Chicago and
Ohio River pool, gives notice that a special rate
has been made upon fresh beef, boxed, from Chi
cagO to Indianapolis OF twenty-five cents per 100
pounds. Empty boxes will be returned at the
same TdLt. IHuldIldpOllS Uu.Cn6ES CduuUt COA'
plain of this rate.
1t is high time the efforts to reorganize the
various east-bound pools were successful. unless
the pooling system is to be abandoned. The fact
Is that many of the poor roads which find it hard
work to Eey the operating expenses of their own
roads are becoming tired of contributing to sup
port the various pools.
The Cleveland, Columbus, Cincinnati s. In
~dianapolis has asked the New York Stock Ex-
change to list ST 600, 900 general mortgage bonds.
This will, when taken, make the bonded debt of
the road So. SIC, 600, and will leave of the
$12, 900, 900 of bonds issued under President
Devereuxs financial scheme, So, 184, 900.
Parties conversant with the situation express
the belief that the c., III. & l. division of the c.,
Ii. Il ID. system will be no burden on the main
line this year should there be even a fair volume
of business. The track and equipment are in
good condition, and operating expenses. which
fnciudes Improvement, will not be SO large as in
either of the last three years.
w. Fl. Gays was in the city yesterday and in
excellent spirits. He has accepted the position
of general manager of the affairs of the Virgins
Ferry Combination Company, st. Louis. The
company operate the two belt railroads on the
East St. Louis side of the river, the belt road on
the st. Louis side of the river, the Virgins and
the Madison company ferries.
Commencing with Sunday next the Bee line
viii not send out the through passenger train
which heretofore has left indianapolis at 7:20 p.
n The train west-bound from Cleveland
answering this train and arriving at Indianapolis
at 6:35 A. NJ, on Monday morning, is also aban-
doned. The sleeping coaches usually hauled on
these trains will be hauled on the limited trains,
which run daily.
People who are in a position to know the exact
facts regarding the railroad middle are conf
dent that there is an understanding between the
trunk-line presidents to gradually bring about a
reytoration of fares, and freight rates will be
PIT as high as is consistent with lake and canal
F2fpa as soon ae pOSslh1o That ny1apc hava
already been given to make no more time con-
fraczs for transportation is looked upon as a
favorable omen.
At the annual meeting of the stockholders of
the Dayton & Michigan Railroad Company, in
Toledo, Wednesday, the following directors were
elected: H. J. Jewett, New York; c. c.. Waite,
Wm. Proctor, John Carlisle and S. V. Thomson,
Cincinnati; VIM. Beckett. Hamilton; r. H..
Short, Cincinnati; A. NJ. Young and M. Shoe
maker, Toledo. The directors elected III. j.
Jewett, president; c. G. Waite, vice-president,
and +. II. Short, secretary and treasurer.
William Duncan, general freight agent of the
Ohio 81 Mississippi road, and recently appointed
member of the board Of arbitrators of the
Western Freight Association, has reached Chi
eago. The gentleman has been absent for the
past two months on the Pacific coast, where he
met with several more or less exciting adven-
lures. One of these was an adventure with
highwaymen, who robbed a stage-coach in which
he was a passenger. his share of the loss amount
ing to $500 and a valuable gold watch.
The Cincinnati, Hamilton & Dayton main line,
extending from Cincinnati to Toledo, is a road
with the lightest grades of any road in the coun-
try for so great a distance. A f~irst-class consol
engine will haul seventy loaded cars from Toledo
20 Cincinnati and sixty-fve from Cincinnati to
Toledo. Recently one of these engines hauled
lilo loaded ears on the d. & NJ. from Lima to
Toledo. and the same engine returning hauled
rightly five loaded cars from Toledo to Lima. On
the south end of the road il is not an unusual
thing for an ordinary freight engine to haul sew
enty-fve cars from Dayton to Cincincinnati. and
gying n~orthward between these points seventy
loaded cars.
Move in the Right Direction.
The St. Louis roads have gone so far as to ad-
vance live stock and dressed beef east-bound