The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-05
AFFAIRS OF THE RAILWAYS.


Personal and Local
The city freight depots viii be closed to-day.
Ne local freights will be run, and the various
eazarOad shops will be shut down.
The July interest and dividend payments Of
shs railroads are $50, 297, GIG on bonds and $11.
B8e6l on shares. or 81, 237. $40 on both.
Commissioners Fink is quoted as saying that
4hars was no doubt now to the Lehigh Valley
xUaa becoming member of the trunk line
asoA
1he five Western roads last week brought into
aAxs station 3, 135 loaded cars. against 1904 in
Aha seek ending June 26. and against 3, 444 IN
hhs corresponding week or 1850.
West-bound business s again heavier than east
EoDm2d with some of the through lines. The O.,
81 Il & p. last week brought in 1884 loaded cars
AKA forwarded but 536 loaded cars.
zAe Eve leading Eastern lines last week for
ExEaed from this station 2,o0l loaded cars,
aznsast g GA iii the week ending June 26, and
AGAINST 2 337 in the corresponding week of 1885.
Zae indianapolis & Vincennes and the Cairo,
Fi1eennes Il Chicago roads are taking trunk
ains IDEAS. One week from to-day they jointly
Du1 solid night trains between Indianapolis
and Cairo each way. with sleeping-car attached.
Tia through coaches put on the day trains,
4e~ weeks ago, are catching on well with the
psazc.
anage Gresham will to-day go to Chicago if
ms Aealth of his wife will permit of his leaving
hnEe, to listen to arguments in suit of the
nesssrn Car Company against the Rock Island
RzaGoad Company Litigation in this case has
beEa pending twelve years. Butler 81 McDon-
AID Of this city, have been connected with the
EaEe ten years.
APennsyIvania railroad official states that the
Rtnsk allotment of that company, which closed
duly /, has been fully subscribed for. The
HuEEoer of shareholders who have failed to
AyzEs themselves of the privilege is Insignificant.
sTzas exact amount of the subscriptions cannot
be ADeertained until the English mail brings the
oE1sns taken in at the company's London Office.
TAs Boston Herald says the appointment of
KcrzdEer for the l., b. d w. plainly shows the
gEaszgOf the late selling of Indiana, Blooming
.Eon& Western stock, and likewise shows what
iRdssntage insiders possess over others in stock
lleafngs. While some of the Wallstreet papers
Ihaz1 been booming the Stock parties prvy to
the contemplated action of the management
haas been selling out.
An expert Judge of track who on Saturday,
eczua down from Niles, Mich, over the Cincin-
anHSl Wabash a. Michigan, states that he was
znUs& surprised at the excellent condition of the
EuzaSe In fact. he said he had seldom ridden
rDxEr smoother and more solid track than this.
sHBwAs equally surprised at the grandeur of the
sscss@Fy along the line and the large travel to
plRssare resorts on the northern division of the
rosa
In late J. H. Devereux often remarked that
s&hEH was no road in the country that more
sBBxUmsly felt rate wars the carrying business
spt1sIs rates than did the Bee-line. The truth of
stsls statement is made quite apparent in the
spa53sBgs OF the road the first half of 1856 Since
sJRB good rates have been maintained, and an
ARreaee in round numbers of 1920, 900 is shown,
-sTsaso In the corresponding six months in 1885
sleEEst of $206 900 was shown.
TAe Boston & Albany Railroad Company has
mEzasgeG to hold its 2:20 A. NJ. trains at Albany
nnsSDndavs until the arrival of the Wabash and
faS tad froir Pv
ahE aew connection, Boston passengers leaving
1St. louis via the Wabash or Beelne Friday
vatts25 P. M. will arrive in Boston at 935 on Sun
nss morning. only thirty nine hours from ST.
Masysss. If such an arrangement can be carried
DIsS On one day of the week why cannot it be
seUtsy day? 1t outrage to delay passengers at
ysAfa2ny three or four hours and then haul them
xhssagh to Boston on slow train
IA. Whitcomb, superintendent of the Union
Meafway Company has sent the following re-
aCex4erinG at Indianapolis: II would respectfully
sHs6 you to give orders to conductors or men in
sclIsEge of trains or cuts using the Union tracks
ami the Belt road to keep tramps off of their
strsOs Isse some days ten and twelve jump
rUn asAins aud cuts running around the Belt or
soy4e she Union tracks, and sooner or later some
wzE will get killed and sue the company have
UosD looking after this evil bat unless the
acosS0ctors and engineers cooperate with him he
Eazsaot stopitp
Aaese in position to well understand the
Scuss. express the opinion that the throwing of
StiR L., B. 81 w. into the hands of receiver,
Tanzsr existing circumstances, will necessarily
lRzR8 IA foreclosure sale of the property. Were
thE company relieved Of it's embarrassment
RhBagh the c., S. 81 G. lease it would be only
aqnss&ion of time when the road would have to
gO eArough the bankruptcy mill, as the interest
sonIAw bonded debt would be more than the road
scRh carry. Were the road to earn annually
$3.50 per mile it could not pay its fixed charges
saEu operating expenses. AS the road will not
sEazD more than So 600 per mile averaging that
iron year to year, the folly of attempting go on
'fwatkSut reorganization and scaling down the in
4DEssa. if not the bonded debt, is quite apparent
sRxperintendent Nelson, of the c.. H g. D.
SFMRma, when In the city on Saturday last, in
spElGng of the O.. Ell. s. l. division, said if there
WEES any deficit on this division this year it
wUzEA be small one as compared with that of
lsitans Of the last three years He said the road
hHa been practically rebuilt since Manager
WaEsa took hold of the property, and with the
aIEhs traffic OF the two years past. and the low
rzfs8 which were in vogue for many months,
<sB earnings had fallen far short of what they
gshDzEd have been. vet the improvements to the
Rusefty had been carried on and the deficits
Wsss the results of advancing money TO carry
&hEn on. There was, he said, something to be
dax@ still, yet the most EXPENSIVE portion of inn
prEWements needed when Manager Waite, three
ysED ago. took hold of the road, is now over
cOnsr and possibly should business be good and
gysS rates maintained this division would pull
1hzmgh the fiscal year ending June l, 1887
WEsSout any deficit being shown.
Still Hopeful.
The New York Mail and Express of July
EzpaAins q genuine bull article on the Wabash,
St Louis & Pacific. 1t is too lengthy to repro
1me in full, and we give only the principal
pHiss made The Mail and Express says: 1.-THE
reorganization of the Wabash, St Louis 6 Pa
clsG hallway, which has been in the hands of re-