The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-26


The Chicago Inter Ocean says: THE San
Francisco Passenger Association tried conclu-
sions again Wednesday, but made very little
progress. It seems very difficult matter for
the lines in interest to agree, and one reason for
this is that several of them have so often be-
come honest parties TO agreements regarding
San Francisco business. and have been trifled
with that they are now very careful about be-
coming parties to any agreement, lest they be
fooled again"
Under date of Nov "a, G. c. Kimball, vice
president and general manager of the Chicago q
Indiana Coal road, gives notice of the following
appointments W. S. Page has this day BEEN
appointed assistant superintendent of this COM
pany's lines, with headquarters at Brazil, Ind.
w. Ii. Crimson has this day been appointed su-
perintendent telegraph and chief in-dispatch-
err, vice L. A. Strayer resigned. Mr.. Brimson's
Office will he at Attca, and all Communications
relative to telegraph matters or movement of
trains will be addressed to him. All train
ders relative TO the movement of trains will be
signed by him on and after Thursday, Nov. Is.
The Peru Republican says: "The impression
at the general Offices of the Indianapolis. Peru
& Chicago road seems to be that the road will be
run independent road with V. T. Malott
at the head In this case the wish is doubtless
father of the thought, Mr.. Maott's interests
lay largely in another direction, yet without
doubt, were he to take hold of the property be
could do more to place it we'll upon its feet than
any other man the directors of the company
cOulQ SeleCG III SnOulu De borne In mlnU, now
ever that operating the l., 7. d q. road at the
present time, with the competition it has to con-
tend with is decidedly different than when the
property passed from under his general man
agershp
Persons living in the West who know the real
value of railroads are often greatly amused, and
surprised, AT the freaks of the market on
Wall street and other commercial centers where
railroad bonds and stocks are largely dealt in.
Stocks which can be relied upon to return fair
rate of interest for the money invested seem TO
he stagnant, while those which have only a
prospective value, or, what is worse, very prob
lematical worth, are bought with a readiness
which advances the price / or per cent. in a
day. In short, the dividend paying stocks stay
where they were weeks ago. while those which
have chance of a dividend for years have
been advanced to per cent. upon purchases
by people who have no knowledge whatever OF
their real merits.
President Corbin's economical policy is reach
ing all departments the Philadelphia g. Read
ing road. circular has been issued by the act
ing general manager notifying the heads of de-
partments that after Dec. passes are not to oe
issued TO any except employees, and that any re-
quest for free transportation is to be referred
the general manager or the president. 1t is
whispered around that the number of free passes
given out recently was something astonishing
All this is to be cut off, and even employees are
TO be given but two passes year, one during
vacation time and another at some other time
involving the expenditure of money shall be
made by any one except with the approval of the
general manager or president
The trunk-lne arrangements are said to be
somewhat out of sorts that several Of the West
ern lines have come out so fiatfooted against the
advance in east-bound rates proposed on Dec l.
and they now show disposition TO carry out
their idea in the matter bv demanding an ad-
vance on the 10Th of next month. Z seems
strange, said a prominent freight man. vester-
day, that the Eastern roads are not willing to
let we'll enough alone A 25-cents per-IOO pound
rate from Chicago to New York pays we'll for
hauling freights, and as matters are moving
SO smoothly on such rate, he thought it very
unwise to make any advance. 1t certainly shows
mismanagement somewhere that the roads do
not make money on the present rates. Roads
running to Chicago from the Northwest have
reduced the grain rate from ST. Paul to Chicago
to "a cents per 100 pounds. distance of 500
miles, while the trunk lines propose TO advance
rates to 80 cents per 100 pounds for hauling the
same grain 1000 miles, or in other words
charge just twice as much for the same distance
do the Northwestern lines. with much better
facilities than have the Northwestern lines for
handling the business The trunk lines NAV
well learn economy in operating railways if
money is made where rates are so much out of
proportion, as are nc more prosperous roads
than those in the Northwest
There can be no possible or good reason as
signed for the train of the Pennsylvania lines
which is due at 1l45 A. NJ at INDIANAPOLIS 20
arrive day after day one three hours late
The trouble all lies east of Columbus, O. Daily
the train is run from Columbus to INDIANAPOLIS
at much higher speed than the timetable fixes
IT at. almost invariably making up Two hours,