The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-18
AFFAIRS OF THE RAILWAYS.


90"
kno at Apsonia, vice c. w. Hooven resigned
Paymaster Sullivan, OF the c.. L, St. l.. & O.,
pays on the eastern division to-day for April
Service. and on the western division tomorrow.
s. P. Segrist, editor and manager Of the Rail-
way Equipments and Mileage Guide, Cleveland,
-, Is In the city, in the interest OF the puDiica
zion he represents.
All Wagner. who represents the Chicago &
Northwestern in this territory, has leased for an
once part of Room 46, on South limos
street in which is also the Chicago % Alton Of
6ea
breaks in their road so far repaired by this
nnorning that trains can run over IL. But few
roads suffered more than this from last weeks
foods
The B. g. o. Kankakee Dispatch commenced
yesterday to do business over the C., l., st. l.
& c. and B. g. O. The new line starts off with
dying colors, and proposes to make fast time
with freights both east and west bound.
D. Bollman. the l., B. & w. passenger con-
dnssor who was injured in last weeks wreck, is
fortunate enough to have an insurance policy in
fhe United States Passenger Conductors Acct
dent Association. on which he draws $25 per
weak.
The Wabash reorganization scheme is to be
EnDdifed. The purchasing committee will pro-
pose to the holders of bonds on lines east of the
Mississippi river reduction of their interest to
5 per cent and extension of twenty-five
Gfsy years.
The widow of Richard Trenary. the engineer
kTled last week in the l., B. g. w. wreck will
recover from the Locomotive Brotherhood
$500 and from the National Benefit Asssocia-
fisn 81, GOO on insurance policy he carried in
tho latter. The l.. B. & w. company pays all
kRe funeral expenses.
Is is understood that the Erie people will en-
Asnyor to get into Indianapolis over the l., b. 81
-. road, which seems ready to take any express
nompany fast freight line on to their system
H. snH hahn nyyf-
numbered in this respect only by the c., Fl. q D.,
which still has twelve fast-freight lines running
Dvss it.
The /. B. e. W. people, last night, got their
eassern division in such condition that trains
IpEgd commence running over it, and the first
trim since Wednesday night was sent out at
p. H. yesterday The company deserves much
Grsdit for the promptness with which it has
Dysreome the troubles which resulted from last
weeks floods.
The Brotherhood of Locomotive Firemen num-
bsrs fifteen thousand members, yet 30 quiet Is
SAsir work that but few outside railroad circles
AGAR much about it. It's object is mainly the
Improvement Of its members, in which direction
Is IS doing excellent work. During the past
Ewezve years nearly a half million dollars have
bssn paid to its members as benefits.
Augustus F.. Schneider has been appointed
frsight agent of the Buffalo Merchants Exchange
He will keep track of through rates both east
ma west bound between New York and Western
msrs than their fair proportion of the through
rase he will bring the matter before the State
Beard of Railroad Commissioners for action.
The stuff locomotive engineers are made of
may be judged from the remark of an l., B. s.
W engineer who, last evening, started east with
the first train run out since the wreck of
Wednesday night. To the question, don't you
Gssl little tmid in going out tonight with this,
the FIRST train since the SO fatal accidents he
answered. 81 have no business to take the train
Dae If felt timid"
The Louisville, New Albany & Chicago Rail.
way Company has made application to the Stock
Exchange TO list So. SOC, 900 consolidated per
csnt mortgage bonds, dated Jan. l, 1886, and due
April l. 1916. Total authorized issue, $40, 000,-
ODQ OF this amount 81 200 900 still remain in
Ahs company's hands uuissued, and Sc 300 900 are
reserved in the hands of the Farmers Loan and
Trust Company, trustee, to meet prior liens
Commissioner Fink has called a meeting of
kAe trunk line presidents for Thursday next It
b supposed that the subjects for discussion are
fhs closer relations to be established between
The trunk line pool and the Central Traffic Asso
station; also, the relations of the Chicago 81 At
isntic TO the pool. 1t is probable that President
BENEDICT of the Chicago g. Atlantic. will read
astter to the president, defining his position.
There is general desire with business men at
&hks point and at st. Louis that the Bee line
should carry out its programme and shorten the
ERnning time of its express trains east. Travel
e - heavy over indianapolis as over Chicago
ehs time is valuable to an indianapolis as to
GAieago business man, the roads are equally
good, and the same Is true of the equipments,
nnd there is no reason that the same speed
should not be made as is made over Chicago east
nrA lines. Let the Decline lead and the other
EoAds fall in, ii they choose SO to do
Austin Corbin has been elected president of
&hs Cleveland d Canton road. The Boston Her
nd rays the triumph of the Corbin syndicate at
khs Cleveland e. Canton annual meeting was ex-
ko1 hat fo0r havi aS1c.t "a
she preferred stock, which alone had a right to
woze for directors under the terms of reorganiza-
fion- If the telegraph reports the action of Pres
bdsnt Blood correctly in organizing an independ
Rnt meeting and voting the common stock, the
net Is not only in contravention of the terms of
reorganization recognized in the common
stock certificate. but in direct violation of what
President Blood said should be done.
Tho Railway Register says: s'The necessity
nj the times, far the railways are con-
esrDed. is traffic. Any plan for increasing the
prefts to be earned is worth considering" In
This connection it gives advice which some of the
Indianapolis lines could we'll profit by. The
Register SAYS SIT would be to the advantage
Of AL the railways to place SALE at very large
reductions from regular rates, round-trip tickets
% the places along their lines which have popu-
Aarity as summer or winter resorts. We have
heretofore mentioned the advantages of foster
ing and encouraging an inclination to visit local
points of iterest, such as lakes forests, along
khe lines of the companies, in order to develop q
larger local traffic. and the same argument will
Rpply to special rates between important towns"
II the Chicago Tribune is to be believed, the
trunk-line pool and the Central Traffic Assoca-
tion are likely to go all to pieces any moment
The trouble is that the railroad editor of the
Tribune cherishes such dislike toward pools
that he makes mountain out of trouble of
pnly mole-hill proportions. Commissioners
Fink and Blanchard both report the affairs of
both associations to be rapidly getting into good
working order, and that more harmonious rela-
Eons now exist between the leading roads of the
pcuntry than before. There is one thing
which it is quite safe to say, and that is that the
shipper who is holding back his freights, expect
Ing another runous rate war, is going to be left
Ehe losses have been heavy enough. as a result
Of the late strikes, without adding the troubles
which rate wars bringon.