The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-08

rates. Under the terms of the pool, ten days
notice is required before an advance can be put
into effect 1t is only question of few days
when the rate on grain between Chicago and
New York will be quoted five cents higher than
now. if the authority for the above is correct in
his statement
As the impression prevails that, should the
rumor that E. B. Thomas is to be the president
OF the Decline prove correct, H. w. Gays, ex-
general freight agent of the /. & st. L., would
again come to the front on the Bee-lne, it is
proper to state that Mr.. GAYS now occupies .
much more pleasant position than that of gen.
eral freight agent, and gets double the salary he
would likely get as general freight agent of the
l. & st. l..
The Boston Transcript says: "Friends of the
Cincinnati, Sandusky e. Cleveland see in the
visit of President Farlow to New York abund-
ant reason for the strength which the stock has
shown during the past few days, as he took with
him the agreements between the Sandusky and
Indiana Bloomington 81 Western for signature
by the latter interest The agreement in brief
calls for the payment in bonds of the new COM
pany of the $3.50, 900 which the Indiana, Bloom
ingtob d Western owes the Sandusky; and
covers the exchange of Sandusky securities for
those or the new company heretofore out
lined. If this plan goes through all right the
Sandusky can sell the bonds snd with its other
assets-stocks and bonds of the Columbus,
Springfield & Cincinnati, etc.-wil have sufd-
cient, with the earnings, to pay dividends"
of 1886 show that the net earnings of the Bee line
proper increased $47l. 943 over the corresponding
period last year. The net earnings of the entire
system, including the Indianapolis 81 st. Louis.
and the Cincinnati & Springfield, increased STA,
600. The increase In the net earnings of these
two leased lines was therefore 1903 900 for nine
| months. AS the deficit of the two lines last year
exceeded 1915 900, it is clear that the deficit this
year will be nearly or quite half that amount, a
very weighty reason why the rental should be
reduced If possible The Cleveland Leader says:
THE Decline proper, however, will make a
very handsome showing and were it not for the
deficit that must be extinguished ON the leased
lines, would be able to declare a dividend of 5
per cent With its load. the road will neverthe-
less declare small dividend during the latter
part of the present month"
The Railway Review, which in the last few
weeks has published number of important pa
pers or contributions in relation to railway mat
ters, is now publishing the same in pamphlet
form. The argument of Judge Stevenson
Burke on the legality of pooling contracts has
heretofore been alluded to, but there are other
views of prominent railroad men which are
equally instructive and interesting, which the
Railway Review has reprinted in pamphlet form,
among them the contributions to that paper of
George Blanchard, on Traffic Unity" popularity
called railway pools; that of Ed P. Vining, COM
| missioner OF the Western Trunk lines Associa-
| ton, the Necessity for Classification of
! Freight" and the principles upon which it is
| based; the contribution of l.. j. Sergeant,
traffic manager of the Grand Trunk road, on the
| English Railway System" and that of w. P.
Shinn, G, g., member of the American Society
of Civil Engineers, on the Relation of Rail-
ways to the State All are very carefully pre-
pared by the writer's and well worth reading.
The Review is showing eommendable enterprise
in reprinting in pamphlet form these papers.