The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-27
The Big Four Annual Meeting.

The stockholders of the Cincinnati. Indiana.
poiis, st, Louis & Chicago read yesterday held
their annual meeting, which, aside from the
election, rartook largely of the character of
ratification meeting. what was done was rati-
tying the steps taken by the directors regarding
the refunding scheme and the increase of the
stock of the road to $40, 900, 900, the the
bonded debt which the company is obliged to do
to comply with the laws of Ohio. The SO, 600. 900
Of stock added is to be turned into the treasury
and subject to call, as will be seen from the fol-
lowing resolution:
Whereas, the increasing business of the company
demands additional plant and equipment; and
whereas, also, there large amounts of bonds
cured by mortgage falling due at different dates,
which it is for the interest of the company to pay and
CANCEL and whereas it is thought that the best way
to provide all of these is by increase of
the capital stock and sale of the same therefore
Resolved That the trustees be- and they are hereby
authorized and requested, to to be created,
issued and sold at such time and in such parts as
they deem expedent, 80, 600 additional shares of
CO. 3'O'A' amounting ~ 'ne aggregate 10 @'ooo-
The annual statement of the company was
published some days since, but at the meeting
yesterday Mr.. ingalls, made a financial state
ment for the four months since the close of the
fiscal year. June 80. This statement places the
gross earnings tlncluQinP SZ0U,UUU, oSClmateQ,
for October) at 1914 8794l; gross expenditures
Including $3.50, 600, estimated for October) at
1851 $50 81, leaving the net earnings for the four
months 1888. 81; deduct for fixed charges
5000 900, and net balance of $183, 5l8 81 appli-
cable for dvdends remains These figures denote
gratifying condition of finances. as they show
gain an gross earnings of 1921, 419 IL, as COM
pared with the corresponding quarter of last
year. and an increase in net earnings of $44-
522 r.
The old board of directors and officials were
elected without dissenting vote and are as
follows: NJ. E. ingalls, George Hoadlv, Samuel
J. Broadwell. George Wiltshire, B. F. Evans
Larz Anderson, Orlando B. Smith, Thomas A.
Morris Allen NJ. Fletcher, r. B. Cable E. T. JEFF
FREY George Bliss, @. P. Huntington The di-
rectors elected M. E. Ingalls, president, and e.
+. Osborn treasurer and secretary. At the close
of the meeting the special train, consisting of
the private cars of r. r. Cable, of the c. G. r.
l.; e. T. Jeffrey, of the Illinois Central; Or
lando B. Smith of the c., w. 6 B., and the
private of President ingalls,, started north
ward to inspect the road between Indianapolis
and Kankakee, and then run on to Chicago
Several times yesterday the train was hauled
than mile minute, and the party are said to
have been more than pleased with the physical
condition of the property the western divis-
ion now comparing favorably with the eastern
division, which is said to be one of the best 40
miles of main track in the State of Indiana
which is saying a good DEAL as Indiana can
truthtnlly boast of having good track as can
be found on any roads in the country