The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-29
Miscellaneous Notes.

The Boston Journal says: "When the. Atchison
reaches Chicago we shall next expect to hear
that negotiations are under way to control the
Vanderbilt system of roads"
Within little more than year all the locomo-
tives on the ST. Paul e Duluth road forty three)
have been changed from wood burners to coal
burners, though it is almost continuous forest
along the road.
The Chicago, Burlington g Quincy people
have refused it Is said, to enter into any traffic
arrangement with the Atchison, and the next
best course for the Atchison is to use the Chi
cago 81 Alton tracks. If possible.
The Westinghouse Air-brake Company an
nounces that, inasmuch as it's air brakes have
now been in use some fifteen years. there are a
large number OF pumps which need general re-
pairs, and, therefore, in order to promote the
highest efficiency. the company will supply new
pumps of latest design, and allow half price for
return of old and partially WORKOUT pumps.
The statement has been made that the Cleve-
land d Pittsourg, now leased TO the Pennsyl-
vana railroad for period OF 999 years from
Dec /, 1871, is an example OF an Ohio corpora
ton which recognized its common stock holders
and took them in at high prices long after the
road had been reorganized and the common stock
nominally extingushed. Such a statement,
however, is not correct The Cleveland &
Pittsburg was leased to the Pennsylvania for 10
per cent. dividends upon its existing capital, and
chose to make the dividends per cent. by issu-
ing $l42 S5 OF new stock in place Of each 800
of existing stock. 1t was in this way the capital
increased from 81. 494. 588 TO $11. 246 757 49,
The purchase of large portion of the land
fronting on the. harbor of gainesville by Pitts
burg syndicate. as reported. indicates the crea
ton of third important line Of transportation
in freight traffic between Pirtsburg and Lake
Erie gainesville possesses, after Toledo and
Sandusky. one of the best harbors on the lake,
but its utility has been obscured by the fact
that its only railroad connection with the inte-
rior was the narrow gauge and moribund Panes-
vile 81 Youngstown. The lease of that road to
the Pittsburg & Western system and its altera-
ton to the standard gauge will give a railroad
to the lake, under the control of the Baltimore e.
Ohio which will prove an active competitor
with the profitable routes already existing under
the Pennsylvania railroad and New York Cen
trail tutelage
Concerning the talk Of the Atchison road
seeking control Of the Chicago 81 Alton road,
the latter road officials say yet it has not re-
suited in any proposition from the Atchison. or
in any consideration of the matter by Alton. The
Alton people want guarantee of at least 10 per
cent because the road last year earned IL per
cent. on its common stock. The fact prOba DIV is
that the Atchison company will make a traffic
contract with the Alton into Chicago That it
would be big scheme for the A, 7. & St. Fe
people to get control of the c. & A. will not be
questioned. The Chicago 81 Alton is one of
the best roads in the West, with its stock selling
at 143 and AS 1t controls some $50 miles of
track. and would furnish the Atchison system a
first class extension from st. Louis aud Kansas
City to Chicago