The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-18
AFFAIRS OF THE RAILWAYS.
Personal and Local.

kkee line. has been transferred 30 Chattan ooga,
Tenn, to take the position held by G. ]. Loury,
who died Thursday last.
The FIVE Western roads brought into this sta
ton last week 3.270 loaded cars as follows Van
dalia, Las l. & St L.. s2l; c., l., St L. & c.,
799; !. B. & W.. $50; l., D. & S, 1S5
H. R. Duval. general manager of the Florida
Railway and Navigation Company, is to be In
the city today. While here he will be the guest
of r. A. Lewis, chairman Of the Erie Dispatch
The east bound tonnage of the eight Chicago
roads last week aggregates only % 482 tons,
against % l75 tons last week. and ,O53 tons for
the second week in January, 1885 The Balti-
more & Ohio Chicago & Atlantic and the Penn
sylvana roads did about 50 per cent. of the bust
ness this week.
NJ Hughtt. president of the Sioux City s. Pa
cifie and Fremont, Elkhorn 81 Missouri Valley
roads, announces that as Mr.. W. 3. Linsley, gen
eral manager of these companies, has requested to
be relieved of the duties of that Office, Mr.. w. T..
Fitch is appointed his successor, to take effect
to-day. Office at Missouri Valley, La.
The T.. p. & c., Wabash management Satur-
day leased the room in the Bates House recently
occupied by the Tiff Brothers The room. which
is to be elegantly and conveniently fitted up,
will be occupied as Offices by Frank Wade, dis
trict passenger agent; p. A. Lynn, general agent,
and William Parmelee agent of the W est Shore
line.
last week, was the highest of any week in sew
eral years; but $50 loaded cars were forwarded
East 446 received, making total of $50 loaded
cars handled at this point. The west bound
movement was light on account of delayed
freights on the Pennsylvania road. resulting
from high waters and snow blockades.
The numerous friends of Major B. S. Henning.
formerly general manager of the l., b. d W.,
now president of the Florida Railway and Navi-
cation Company, will be gratifed to learn that
he has been largely relieved of the embarrass-
Inent which the large interest he took in the
above railroad enterprise brought upon him. and
that he is prosperous and in excellent health.
The Indiana Bloomington & Western people
pay $751; 500 for the ten consol engines they
recently contracted for. two of which were re-
ceived last week. AS these engines weigh fifty
two tons each, they cost but seven and one third
cents per pound. Preceding the depressed times
with locomotive works this class of engines sold
as high as $18 600 apiece, and within three years
consol engines have been sold at $ll. 5OO.
Contractors and purchasing agents are now
buying cross ties at lower prices than they could
five years ago. notwithstanding the statements
that the timber lands in Indiana and Illinois
becoming more valuable. Contractors in the
western part Of the State paying but %
cents apiece for cross-ties by inches, feet
long. There is 50 feet of lumber in each cross
tie, consequently ordinary lumber, which sells at
Hl per lUU foet yleldS more money Imam does the
same number Of feet in cross ties.
The Decline last week forwarded east from
this point 748 loaded cars against 745 in the
week ending JAM g. and against LOTS the cor
responding week in 1885. The c., ST. L. & p.
last week forwarded $50 loaded cars, against GA
in the preceding week and 765 in tho cor
responding week in 1885. The l., B. & w. 400
last week, against 1872 in tho preceding week and
against 284 the corresponding week in 1885. The
c., FL. & ]. ia, against 223 in the week ending
Jan. 8. and against 1913 the corresponding week
n 1885.
The suggestion is made by the New York
Herald that railroad companies like banks,
should be compelled to publish periodical reports
of their business and condition. There is much
force in the suggestion, since it is a fact that
much larger number of people are interested in
railroad stocks than in bank shares. The vari-
Gus companies are in possession of tabulated
statements quite as regularly as are the banks,
and their publication would do much to check
wild speculation. There are no good reasons
why this information should not be made public.
The New Albuny Ledger is considerably exer-
cised over round house rumor that the l., b. &
W. Corbin syndicate have secured the controlling
stock stock of the L., n. A. IL c. road This is the
ninth road that rumor has in the last thirty days
placed under control of the l., B. & w. Presi-.
dent Corbin says the l., b. & W. wants more
railroad property than it controls. This
they wish to place i'll good position, financially
and physically, and In it thinks they have a
L., IL. ..
him good lesson Mr.. Corbin states. as the l.,
b. 81 w. sunk some $500, 600 in carrying out the
arrangement the few years it was in force. This
is matter of the past, he says; however, the re-
lations between the l., d. d ). and L., 3. d ".
are now of the most satisfactory character.
Said railroad official. whose ideas are usually
Endorsed and carried out by the Union Railway
company, this viaduct question is exciting more
talk than the matter deserves The problem is
simple one, and has been readily solved in
niti 1rEn fho1o nhofoo 1o oCA
difficulties to overcome than there at Indian
apoiis. In other cities the city builds the
approaches of a viaduct and say to the railroads.
we expect you to build the superstructure neces-
sary to cover the tracks, be they many or few,
and the railroads do so and the Union Railway
Company would readily do in this case, no
matter how many viaducts were built crossing
their tracks On Virginia avenue the railroads
would in such case be put to larger expense
than would the city, yet they would gladly incur
such expense.
Views of President Corbin the Situation.
Austin Corbin, president of the l.. B. & W..
spent yesterday in Cincinnati, as the guest of NJ.
e. Ingalls,. To-day, he, with J. r. Maxwell, one
of the largest bondholders Of the l., B. & W.,
and c. e. Henderson, general manager, will in
spect the eastern division of the road, and TO-
morrow 60 to Cleveland, o. to hold a conference
with President Devereux, of the Decline, re-
garding proposed improvements at Springfield.
Q. President Corbin. in conversation Saturday
evening said that he understood that some
weeks since one of the Indianapolis papers-not
the Journal-started rumor that the l., B.
& w. was to be placed in the hands of receiver.
This rumor, he said, had not the slightest
foundation 1t was now eight years since he
took hold of the l.. b. g. W.. with
other friends OF tho property. and during
that time they had never raised the signal of
distress. had paid dollar for dollar on all they
owed, whenever due, fixed charges and operating
expenses not excepted. When rates were so low
and traffic light they had some of them who
were interested in the property gone down in
their own pockets and advanced money
TO get over the hard places, but never
had they borrowed one dollar out