The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-07
AFFAIRS OF THE RAILWAYS.


C. l. Falkland, general solicitor of the l., B.
& W.. has returned frem the East.
Rumors relating TO important developments
respecting the Decline are aaoat on Wall street
r. W. Geigh. known to all railroad men
Through his relations with the j., d. g. l.. is in
this city.
And now the c.. Fl. & D. comes 20 the front
with an excursion to Niagara Falls from this
city, Aug. IL The round trip will be %.
The Pennsylvania coal circular for August adj
Vances prizes above June cents per ton for
crate and stove. and nothing for other sizes.
The statement of the Indiana, Bloomington
q Western railroad shows the earnings for the
week ending July 81. 1886, TO be S65 2o2 OH 1900,
45,5l9. 81; increase, $2l, 1913 90.
President Houston of the Pacific Mail Com
pany. says that nothing has been done toward
settlement of the transcontinentai war, ont
that meeting will be held soon, and OF the re-
suits to be arrived at he cannot say.
The right of way has been guaranteed for the
project TO build road from Paua 20 Roodhouse,
forming an L & st. l.. extension with view TO
shops Of the new road and is willing to pay some
ehing 20 get them.
The fifth report of d. w. Caldwell, receiver of
the New York, Chicago & st. Louis Railway
Company, was fled in the Cleveland tOhioj Com
mon Pleas Court Yesterday. 1t comprises
Ito June 30 inclusive The receipts from vari-
DHs sources during that period were 81 ,676 000
and the disbursements 81 1884. 900.
They do things differently in Iowa Keokuk
wanted new union depot, the railroads refused
to build it and the citizens called in the State
railroad commissioners TO hear argument on the
question Indianapolis wants new depot and
wants it bloomin' bad. The railroad companies
have agreed to build IL, but it would take wiser
body of sages than the Iowa commissioners to
ind out when the work Is to be done
The Pennsylvania Company is now said to be
the power behind the ST. Louis, Kansas City 81
Colorado enterprise The same arguments are
used to support this statement that have been
brought into use in affirming that the Wander
bits were constructing the road as Western
outlet for the Decline. The road is being ex-
pensively and soidy built. at cost Of So, 0OO.-
600, and some established aud solid company is,
of course, behind 1t.
The Quieiey syndicate purchasers of the To-
Iedo, Cincinnati 81 st. Lous) seems TO be slow in
making disposition of the road 1t was an
nounced at the time of purchase that the gauge
was 60 be widened, and that something would be
done to resurrect the property from the mud
and the rust To the casual observer there
doesn't appear to be much in the property as it
is, and presumably the purchasers recognize
this. The future of the road will be observed
with interest. Doubtless 1t is the last Of the
marrow gauge roads in the Middle States
AD l., B. 81 w. representative, by way of re-
ply to the remarks quoted yesterday from the
Boston Herald respecting the value of the lease
of the g., s. e. c.. says the speaker left out of
his account several important facts. In the first
place is the important item that during the five
years, including the period that the l., B. & w.
has operated the c., s. & c., the net earnings
turned over to the lessons have exceeded the net
earnings during the preceding five years by
100000 1t is. Also susceptible of proof that
the c., s. e. @. has been physically bettersd
that its equipments have been improved and
that the road is prominent among Ohio
lines, and popular with the people by reason Of
good management and excellent service That
there are many improvements yet to be done is
readily conceded. but these were being attended
to as rapidly the value of the road would per-
NIT.