The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-05
AFFAIRS OF THE W


9orEia, has returned.
Presidents ingalls, and Mccullough are of the
opinion that the year 1886 is to be a good one
For railroads. There will be. they think. a fair
volume of business, and that it will be carried at
barring rates.
J. N. Mccullough. vice president of the Penn
tyivania Company, and M. e. ingalls,. president
pf the C., L, ST. L. & c. road. remained over last
hight to attend the east-bound pool meeting, to
BE- held today.
This time President ingalls, is the authority
eor the statement that the c., L. ST. l.. & c.
trains to run in connection with the Chicago &
Rock Island. known as the Seneca trains, will be
put on on Monday, March IA.
Illinois Central is refunding Z and s per cent.
bonds with new loans at 81 per cent. This old
corporation was one of the first to place a loan
H& 5 per cent, in 1915. In twenty-five years it
Has paid 200 per cent. dividends.
B. F. Hartman, for twenty years past agent
pm the C., l.. ST. L. g. c. at ~Iroquois, Ill, has re-
eiened to engage IN commercial pursuits. u
w. Avery, agent of the company at Atkinson,
has been transferred to ~Iroquois, and w. +.
cunningham succeeds Mr.. Avery at Atkinson.
In railroad circles the belief is gaining credence
Shat the transcontinental war is not going to be
b prolonged contest, and the fact That it was re-
Solved at the trunk-iIn6 meeting on TUESDAY 20
maintain rates where it had been feared that
eutS would be ordered strengthens such belief.
The meeting called for to-day to re-establish
Che indianapolis east bound pool and fix the per
esnts. will convene at the Bates House at 10
a d. A warm time Is expected before the per
eents. can be adjusted, as an effort is to be made
10 show that some of the roads have increased
their tonnage by dishonorabls methods.
President Depew, of the New York Central,
states he is perfectly satisfied with the trunk line
b~itnation. He declares the feeling good and har.
nony prevails. His road will henceforward
blow a steady comparative increase In earnings.
President King says the Erie February bust
hess will show a larger gain than did January.
w. b Hailsted, having resigned in order to ac-
sept a more important position with another road.
J. N. Chandler has been appointed travelling pas
seneer agent for the Ohio 81 Mississippi COM
rany, with headquarters at Vincennes. Ind. He
will have immediate supervision of the territory
formerly allotted to Mr.. Hallsted. with the same
duties and instructions.
One general passenger agent shows a disposi-
aion to force his agents to maintain rates. He
yesterday returned the agents report for Febru-
kry, saying it was not correct, the receipts from
sales of tickets being SO short of tariff rates.
which deficiency he expected would be made up
by the agent unless he had made a mistake in
reporting his sales for the month.
An election was held in Pierson township,
Clay county, Wednesday, to decide whether the
township should vote the sum OF Sl2, 800 by way
bf donation to aid in the construction of the
Evansville & Indianapolis railroad through the
township, and resulted in a crushing defeat for
the friends of the appropriation, the proposition
being defeated by a vote of 23l to Oh.
In consequence of the reorganization of the
through line agencies which has just taken place,
II. g. Graves has been appointed general West
prn agent of the National Dispatch line, with
headquarters in Chicago. Alfred Hooking has
been appointed New England agent, and S. Me-
Donald National Dispatch line auditor. The two
latter officials headquarters will be Boston.
Mass.
Two lines, it is stated, were selling tickets to
Kansas City at Sill per head. This. as one OF
Ehe local agents expressed it, was 81 per head
lower rate than the scalpers could make. Local
agents show a disposition to so disgust presidents
and general managers with their actions that
they will become SO vexed that all outside
efiees will again be closed, and some thirty
agents and clerks will be out of jobs.
The statement in the Evening News that the
Union Railway bonds were taken by President
Roberts, of the Pennsylvania Railroad Company,
and his friends, is said by a Pennsylvania OH
eial to be incorrect. The money is borrowed
from a Philadelphia banking institution, with
which Mr.. Roberts has no connection, and at Al
peT cent. interest per annum, the payment OF In
ferest 10 begin May j.
We note the fact that a cargo OF raw silk has
Just reached New York in fifteen days from San
Francisco by the Central and Union Pacific rail
EU10H. LII WdS IL Gill PaShCA III 0aiCS va ~
pounds each, was valued at IS per pound or 81
600, OC0, and occupied sixteen cars. +. The freight
from Yokohama to New York was eight cents a
pound. or less than 2 per cent. of the value of the
consignment, q striking instance of the cheap
ness of modern transportation.
One of the noticeable features of the annual
report of President Roberts, of the Pennsylva-
MIA Railroad Company, is the request of the
board, addressed to the shareholders, for author
iy to issue 500, 900 additional shares of stock, to
L. 20 c.~-> ksaA@ - As@4 - H. - N
Casionally for the financial wants of the company.
This request will doubtless be brought UP and
acted on by the shareholders at their next annual
meeting, which occurs on Tuesday next
George r. Blanchard, commissioners of the
Central Traffic Association. is to be in the city
to-day, and on Saturday he will be in Cincinnati
10 meet the representatives of the Chesapeake &
Ohio road to see whether that line can be brought
into the fold on friendly terms and to secure its
cooperation with a view to a strict maintenance
OF rates. Mr.. Blanchard has also. telegraphed to
Louisville to ask whether the representatives Of
lines there will also meet with the Cincinnati
roads.
So crowded are the manufacturer of heavy
structural iron in Ohio and Pennsylvania, more
especially those manufacturing railroad bridges,
that they are working day and night, some works
refusing to make additional contracts until they
get those already made nearer filed. Every day
makes it more apparent that the directors of the
indianapolis rolling mill, who favored con-
vertlng IL into a mill In winch TO manufacture
heavy structural iron, railroad bridges, etc.,
were correct IL their ideas.
Parties have purchased and have commenced
working new stone quarries on the Kankakee g.
Seneca division of the c., l., st. L & c.. at Bur-
Geld. They have several contracts to fill, one to
furnish / 900 carloads of broken stone to the
Wabash people. to use on their Chicago division.
The c., T., St L. & G.. crosses the Wabash at
Essex Indications are that the c.. l., st. L. g.
G. will derive quite a handsome revenue from
this business. The amount of these investments
OF the Pennsylvania Railroad Company in what
are known as auxiliary lines reaches the emo
NOUS total of $l32, 655, TAG, and they produced
last year in interest and dividends nearly 81,
500, 600.
A party of a dozen or more Swedes arrived
IN Lafayette on Wednesday, each having his
tools with him. They at once entered the en-
nlng of the car-Morks comnanx Thax CANA