The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-20
AFFAIRS OF THE RAILWAYS.
Personal and Local.

loads of live stock. against 66S the corresponding
week, 1885,
There were transferred over the belt road last
week 1904 cars, against G. 5l4 the corresponding
STeek, 1885.
The report of the auditor of the l.. D. g. S.
road shows that the road was operated in Au-
gust on exactly so per cent. of the gross earn
lngS
The Eastern lines forwarded from this point
last week 1915 loaded cars against 3.54O in the
week ending Sept IL, and against 3, 444 the cor
responding week. 1885.
The Ave Western lines brought into this sta
ton last week 3 500 loaded cars against 3. 1928 in
the week ending Sept IL. and against 1905 the
corresponding week. 1850
Wabash train No 43 is claimed to be the hand
soonest train that ever pulled the line. 1t is
composed of combination car, chair car and
sleeper, every one of which is new and hand
some.
The friends of the Decline say that should its
present favorable earnings continue through
the year at the annual meeting which is in
March next. the road will take it's position as a
diyidend-paying road. This belief is booming
the stock.
There now seems to be little question as to the
stock OF the c.. l.. ST l.. 81 G. going to par be-
fore New Years, and the road in 1887 being a 6
per cent per annum dividend paying road. The
earnings for the last six months justify such
statement.
The Wabash people are disposed to push their
claims for larger per cents In the various pools
of which they are members They argue that
che road has been materially improved, its IA
cilities increased, and the roads prospects for
heavy business more favorable than ever before.
The new Western traffic pool goes into effect
at once and remains in force three years. 1t
covers all trade west and south of Chicago ex-
cept that of the South western Traffic Associa-
ton and the Northp sstern Traffic Association.
The last named pool, It is said, will be perfected
this week.
For four months past it has cost $685. 900 per
month to operate the l., d. 81 S. road. AS Singh
lar as it may seem, the operating expenses have
been the same to cent per month since Nav
lkst. The road is now earning it's fixed charges,
its operating expenses and small surplus is
shown in the last months operations.
Gossip has it that Eugene Zimmerman, OF
Hamilton, Ohio. is In training for the position of
general manager of the Cincinnati, Hamilton 81
Dayton system of roads. Mr. Zimmerman is
now president of the g., FL. IL /. company, and
vice president of the c.. II. & b. company. He
Is a man of large means, a business man of
marked ability. and withal very popular man
ia the circles that have formed his acquaintance
The official report of the Pennsylvania lines
shows that in August %, 900. 900 pounds of
freight of local character were handled at the
city freight depots in Indianapolis, and the pros
poets are good that 30, 900 pounds will be
handled at the two depots this month. Never
before in the history Of the road has their local
business in and out of Indianapolis been as
heavy as this year. In the above statement
4reights loaded or unloaded in the yards is not
Included.
The Canadian Pacific railway. which has
already distinguished itself as cutter of rates.
is about to 20 still further and reduce the price
of meals its dining cars by selling coupon
tickets at the rate of about sixty cents per meal.
Seventy five cents is at present the dningca
charge all Western roads, and the traveller
who does not admit that he gets the worth of his
money at that rate must be hard to please. On
Ahe Pennsylvania IL New York Central cars the
rate is 81, and then cars are run at a loss.
The few changes that K. FL. Wade has made
since his appointment as general superintendent
of the Wabash are faverably commented upon
The idea that new superintendent must over
turn things generally is daily becoming more un-
popular. There is nothing which more tends to
make road prosperous than for the employees
&c feel that, if faithful, their positions are per-
maneut The best superintendents have few
favorites, and keep aloof from appointing any
of their relations to positions of Importance
1t is reported that up to Jan. l. 1886, the Penn
sylvania Railroad Company had paid, on &C.
count of the various traffic pools of which it is
member. aggregate of 81, l35. 348, and that for
Ahe seven months since Jan. l these payments
have average 500. 900 per month While this in
dictates that the Pennsylvania Company is faith
full in maintaining its obligations and that it has
earned more than its allotted percentages it
could also be shown that the company has profit
reasonable rates on the business which il has
carried instead of wasting large part of the in
cone In competition
The report that the c.. l.. st. L. & c. people
will, at their special meeting consider the Ques-
ton of doubling their track between Cincinnati
and Indianapolis is without foundation, and
arose from the fact that the company is now
building three miles and one half of track in ad-
dition 20 the eight miles of double track they
now have out of Cincinnati When this is COM
Hpok ola and -holf Noe
Cincinnati will be double track, and the first
Ave miles out of Indianapolis is now double
track. so that sixteen and One-haif miles OF the
road between Cincinnati and Indianapolis will be
double tracked. The Big Four officials state
that the next surplus money is to be put into
the erection of the long talked Of new shops at
indianapolis, which the company now greatly
need. SO largely has their equipments been in
lcreas ed IN the last two years.
COrbin the Only Man An Could Agrss On
O. e. Henderson, general manager of tne sew
eral railroad properties in which the Coroin syn
dictate is interested in the West returned from
New York yesterday. He was in Austin Cor
bins Office When it was announced that all par
ties in the Philadelphia q Reading railroad in
eerest had agreed upon Mr.. Corbin for president
vice Frank Gowen, who had rendered his resig-
nation as president. Mr.. Corbin seems to have
been the only person in whose hands all parties
were willing to place their interests, which is
certainly very complimentary to Mr.. Corbiu.
OF course Mr. Henderson knows nothing of the
programme of those who to become managers
Of the Philadelphia & Reading, but from one
who is conversaEt with the programme it is
learned that it is to be of concillatory charac-
tor-no West Shore style of fight with the
Pennsylvania lines, which are the Philadelphia
q Readings chief competitors. It is proposed
to refund the entire debt of the road at as low
interest as possible. If the interest on the vari-
GUS classes of bonds can be reduced
60 per cent per annum basis
it is stated that the road will readily earn
sufficient SUM to pay the interest promptly. Al
fred Sullv ia credited with having been largely