The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-25

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w E. Huntington, receiver of the Kentucky
Central railroad, through his attorneys. yester-
day, presented petition in the United States
Court. Louisville, for leave to paw off interest
aegregating near $l20. 600, mortgage bonds of
the Maysville d Lexington railroad. The Lou
isville e. Nashville has II damage suit for alleged
violation of contract by the Kentucky Central
pending. and filed protest against the payment
of the bonded interest, bat finally agreed to the
order after securing its lien.
In the United States Circuit Court at Topeka,
on tuesday. Judge Brewer presiding, the appl-
cation of G. H. Venner for restraining order to
prevent the Atchison, Topeka q Santa Fe Rail
road Company from extending its line to Chicago
ana also to enjoin it from guaranteeing the
bonds of the Atlantic 81 Pacific Company was
argued The court refused to grant the restrain
ing order as TO the Chicago line, and informed
on the subject YESTERDAY he also decided the
Atlantic q Pacific In favor of the Company,
refusing to grant restrain ng order.
study of the performance sheets of the mid
die division of the Wabash, II is stated. reveals
some interesting points regarding the perform
ance of locomotives on this division. There are
1872 locomotives on this division, and the whole
are running average of 1901 miles per
month. The Wabash company have good
many small engines, with cylinders Under seven
teen inches, that have wheels FIVE and one half
feet in diameter and over. Such engines are al
most useless with the heavy trains of to-day. and
Superintendent Barnes is putting smaller wheels
under the engines, SO that they may be put to
service that will wear them out.
The Pullman Car Company ask an Indanapo-
lis road to pay them $3.50 for the same pattern
car they built for this very road four years ago
for $500 The fact is, the railroad business has
most materially improved, and the cry is now,
not for more freight. but for more cars to trans
port the large amount OF freight to be carried
During the last few years of depression the rail
road companies have followed the very common
policy of economzing in all possible WAYS. They
stopped buving rails and building cars whenever
that seemed to be expedient. But the revival of
business activity has found many OF them i'll
equipped to serve the public needs. They are
without cars and are building them with ali pos
sibe CELEBRITY, and the car works are crowded
with business
The Boston Herald says: sit was a technical,
if not An actual. error TO say that control of the
Dayton d lronton road had been bought by the
g.. II. g. D. company. The purchasers of Ii, 600
shares were half-dozen capitalists interested In
that road and these gentlemen, and not the o.,
ID. q ID. company, now have control, and may
or not put it to uses in connection with that road
The syndicate making the final purchase paid 30
for the stock. There was syndicate below
them. OF fewer numbers. that bought the STOCK
for delivery to the larger syndicate at prices
ranging from 90 downwards The status and
rights Of the shareholders mentioned are precise
ly what they have been since the shares were Is
sued. The shares have simply changed owners
and are Dayton & Ironton certificates as much
as they ever were They have nothing to do
with, and no relation to, the c., II. q ID. road"
The Phladelphia INQUIRER SAYS: There has
been good deal of not altogether pertinent Cos
sip as to the exact position Mr.. Corbin has as
sumed as an intermediary between the Penn
svvania and Baltimore & Ohio and what
authority he has been vested with by either
party. 1t is not necessary or desirable that a
public Inquest should be held as to these mat
tiers. The fact of moment appears to be that
Mr. Corbin, one of the most successful railroad
managers of the time, commanding the respect
and confidence of the railroad and the fnan-
cial world, is on terms of friendly intimacy with
the highest officials of both the Pennsylvania
and the Baltimore 81 Ohio roads. He has
ferred fully and plainly with each respecting the
present and the future relations of the two
roads. He knows the position occupied and the
views entertained by each. AS railroad man
ager, whose opinion must carry great weight,
he can point out to each the fair, medium course
between the two, which they purse in peace
and amity. avoiding conflict and helping rather
than harming each other"
Nearly all Western roads would be doing a
heavier business If they could get their
turned more promptly when allowed to go be-
yond their own road, or when their cars are
placed upon some manufacturers side switch.
A majority of the roads have enough cars for
the freight they handle, if they were kept NOV
| ing; but. as soon as rush of business comes,
great mum bers of cars are converted into store
side-tracks for days and sometimes weeks. On
! one Indianapolis switch there are to-day stand
| ing six cars loaded with logs which have been
standing there for over five weeks. The road to
| which these cars belong is converting all their
| flats into coal-cars, great is the demand for
| this class OF cars, yet the party who owns these
| logs smiles at the agent of the road when he
urges him to unload them, and when the agent
| became somewhat vexed over the delay in un-
| loading them. the consignee got mad and threat
| ened to turn his business hereafter over a com
petng line. which he should be allowed to do for
| the cars are worth more to the road than his
business, even in dull times.
| Sale of the Southern Pacific Coast Road.
! SAN Francisco, Nov. 24-The entire capital
stock of the Southern Pacific Coast Railroad, be-
tween San Francisco and Santa Cruz distance
of eighty miles, was to-day transferred to the
Southern Pacific company and the Pacific I'm
provement Company. The transfer places the
! two latter companies in immediate possession.
| The amount paid cannot be learned, but it is be-
lieved to be between four million and six million
dollars. The Southern Pacific company pur-
/ chased the pToperty which directly appertains
| to the railroad and Its operations. The Pacific
| improvement Company acquired the collateral
property, comprising the real estate owned by
| the Southern Pacific Coast railroad along it's
| road, and it's water frontage in Oakland and
1
| management of the Southarn Pacific Coast rail
| road will be made at present.
The Passenger Association Meeting.
| CHICAGO, Nov 24-At the meeting of the
| Western Passenger Association to-day an
agreement was reached upon the question of the
| issue Of thousan6-m tickets. Strict definition
| Of the manufacturing and commercial firms to
| whom they are to he sold was agreed upon and
also that the signature of the buyer must be
attached in the presence OF the company's
garding the payment of commissions and the
restrictions to be placed upon the issue of
tickets by connecting roads, but no disputes
which will prevent the formation of the pool
General Manager Talmage, OF the Wabash, not
having been heard from the question of the
method of dividing percentages, an adjourn
meut was taken until Tuesday next