The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-03-19
UNION RAILWAY MEETING.
The Old officers Reelected Progress Made
in the Union Depot Enterprise.

The Union Railway Company held their an
nual meeting yesterday, and elected as presi-
dent James McCrea; vice-prcsident and general
manager, v. T. Malott; secretary and treasurer,
William Jackson; auditor and assistant secretary,
w. P. Ijams. The meeting, after some dis
cussion as to the management of
the Union tracks and Belt road,
passed resolution instructing General Mana
ger Malott to secure the signatures of the presi-
dents of the several roads in the Union Rail-
road Company and also of the officials of the
Union Railway Company accepting the law re-
Gently passed by the Legislature to comply with
the provisions of such act General Manager
Malott was also instructed to make out bill
against the Cincinnati, Hamilton g. Dayton
company for terminal facilities furnished by the
Union Railway Company, making the basis Of
charges the same as that paid by other
roads using the same facilities, and
present the same, and in case the c., FL. G. d.
company refuse to pay such claim, to immedi-
ately bring suit to enforce its payment.
An explanation will here be in place. The
new Union Railway Company was organized
May l. The Union railway property had been
roads in the Union Railway Company,
and each road pays per cent interest on such
appraisement, for the use of the Union Depot
and Union tracks for passenger trains, each road
paying in proportion to the number of passenger
trains run. Freight trains run over the Union
tracks and over the Belt road pay on the wheelage
basis, the road which moves the most cars, pay
ing the most money. The l., B. & W. people
thought this to be fair proposition on the part
of the Union Railway Company, and accepted it.
President Hammond, Of the l., d. q s., also
thinks the plan fair one. and
assented to the arrangement The c., H. & D.
than $500 per month rental, the same
amount the road has paid since its trains
came into the city, notwithstanding the road is
doing double, if not treble the business it ever
did before. No rent has been collected from the
c., III. & ID. since the company was reorganized,
and the Union Railway Company simply wishes
to know whether the c., n. G. D. people shall die
tate what they shall pay for terminal facilities,
whether they shall pay on the same basis as
other roads enjoying the same benefits.
The new union depot enterprise then came up
for discussion. VIM. r. McKeen, V. T. Malott
and NJ e. Ingalls, were appointed committee
of ways and means. They are to fix
upon the amount OF bonds needed to
carry, the enterprise to, completion, the
length of the time they shall run, and, also, to
negotiate the same. This committee will meet
next week in Cincinnati for conference. The
plan of the new depot was practically
agreed upon-the same as published in
the Journal some three weeks ago.
The location was further discussed but
no definite action taken. Mr. Malott states
that as much progress was made yesterday as he
expected. He hopes to get the presidents and
general managers together early in April to SET
tie the question Of location, etc.