The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-04
AFFAIRS OF THE RAILWAYS.
Personal and Local.

responding week 1885,
The FIVE Western lines last week brought into
this station A. lO1 loaded cars, against 1864 the
corresponding week 1885
West-bound traffic continues very heavy. The
Beeline last week brought into this station 242,
the c., st. L. 6 P. LOCI loaded cars.
The Texas traffic associations will open series
of meetings at St Louis to-day to discuss ques-
tons relating to the interests of the roads in the
association.
Belt road engines last week handled COZ cars
of live stock, against 768 rhecorrespondlng week
1885 Why the shipments continue so hgnt Is
puzzllng the oldest of the stock men.
The St Louis & Southern Railroad Company
has elected as officers: President, e. G. Dawes;
vice president G. w. Fairbanks treasurer, j. T.
McGettigan; secretary, c. II. Bosworth.
That the c.. Z. & I. expect in the near fu-
ture to do some east bound business out or In
dianapolis is quite evident from the fact that
last week they brought west sos empty line cars
1t is intimated that the Vanderbilt people will
be bidders ct the coming foreclosure sale of the
Lake Erie g. Western road and should they bid
Il in, will make 1t branch of the Decline sys-
gem. No better disposal of this property could
be made.
There were transferred over the Belt road last
week g. 949 cars against 10, 567 the corresponding
week, 1885 The c., l., st L. e. c. is still using
the Union tracks for some of its heavy en-
White river
The Ohio Southern is doing heavy coal
traffic, bringing into Springfield. O., an average
of $50 carloads of jackson coal per day. From
SpringheI@it is distributed in every direction-a
considerable portion of it going to points north
west of Chicago
The Blue line, operating over the H. N A. &
g. out of here, is endeavoring to make some fast
time with freight, and the line is really making
q good record. A large shipment from here on
Sept IL was on board ship which left Boston
on the 28th of last month.
The coming in of October has brought trouble
to the passenger conductors on several roads.
On the l., d. & S. the heads of two conductors
tumbled into the baskets on the Chicago, Bur
Hngton 81 Quincy fifteen conductors met SINH
lar fate. and on the Central Iowa every conduc-
tsr was discharged on Friday and Saturday last.
II. G. Boon. who has for several months been
with ticket-scaper Frey, to-day leaves for Cleve-
| land, o., to engage In commercial pursuits.
During his stay in this city he has made many
warm friends by his correct methods of doing
business and his clever ways. Mr.. Boon is one
OF those gentlemen who believes that politeness
is winning card
The friends of Cleveland, Columbus Cincin-
natl 81 Indianapolis say the stock is the cheapest
on the list to buy, as the earnings now equal
TO or per cent They are constantly increas-
Ing with good prospect of a dividend The
company had deficit last year, but it will make
it all up by Jan. and probably have surplus
Of 81 per cent. remaining
The stock of the c., T. st. L. & c. was sold
90 Saturday at par. On July 10 the journal
predicted that the stock then selling at "a would
within ninety days. sell at par. That the road
will in 1887 become per cent. per annum
dividendpaying road is no longer question.
Five years ago it was hard to dispose of "Big
Four stock at 80 cents on the dollar.
President Garrett and his English friends
made an official inspection of the Staten Island
terminal facilities last week. They expressed
xrtkh
within the harbor now under the control of the
Tailroad and it is understood that energetic
eteps are contemplated for its development.
The bridge over the Arthur Kill will be pro-
eeeded with at
The 5000 900 of Louisville, Evansville g. ST.
Louis first mortgage bonds taken by the Inter-
national Loan and Trust Company few days
since, have all been placed but 800, 000 These
bonds portion OF issue of o., 900, 900 FIRST
mortgage forty-year per cent gold bonds, s-
sued under the reorganization plan, another
portion being devoted to the payment of notes
past due, coupons and floating Indebtedness.
1t is stated by authority that the st. Louis &
San Francisco Railway Company have acquired
she St. Louis. Salem q Little Rock road. sold at
st. Louis last week under foreclosure of mort
gage to Charles Freeborn and NJ s. Taylor for
the bondholders. The road has five short
3 branches running through a rich iron region,
which is fairly we'll developed, and will prove
very valuable feeder to the st. Louis & San
Francisco.
1t is understood that the parties who bid in
the Illinois Midland at the recent foreclosure
sale are quietly negotiating to lease to some
OF the roads to which 1t would be valuable
feeder, to the Vandalia or the l. & ST. L. The
best disposition which could be made of the road
would be To divide it up and let it become the
natural feeder of the roads it directly connects
with, working all its business as local to any
koad that would do the best by it on such bust
ness
G. NJ. Hayes, who on Oct. 1 stepped into the
position of assistant general manager of the Wa
bash, had been private secretary to Col. A. A.
Halmadge for a period of years extending
shrough that gentleman's management of both
Che Missouri Pacific and Wabash roads, and is
one of the most efficient and popular young
railroad men in the West His appointment
gives general satisfaction in railroad circles and
congratulations have flowed in upon him from
all quarters. He is probably the youngest man
IN the country occupying so high and impor-
sant position. he. being under thirty years of
age.
There are great many things which, in the
words OF the college song, nobody can deny"
says the Boston Advertiser. But when it comes
to matters connected with railroads it Is very
1ninterasting story which cannot be denied by
authority The fact is that there are always a
great many important things in posse which are
rot in esse. There are railroads sin the air"
which are likely, in time to repose their
own road beds; but the advance story can gener
ally be denied by authority, as it reports an isp
In the place Of may beh The report that the
Pullman company will make division of it's sur
plus had been denied. but it Is an open question
how long this denial will hold good. Despite the
denial of the divide, the money is in the compa-
ny's treasury to divide
The Future of the T., b. & w
In Eastern railroad and financial circles there
ss good deal of speculation as to the future of
the Indiana, Bloomington & Western road.
Some are inclined to belttle and speak slurring-
sy of its Importance. while others express the