The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-28
AFFAIRS OF THE RAILWAYS.


recover their refrigerator car traffic. Some new
and commodious cars have been placed on the
lima, and 1t Is proposed to move this class of
freight with more than ordinary dispatch.
The greatest interest is being taken in the
meeting Of the Central Traffic Association to be
Asld at Cresson, Pa, this week. There will
doubtless be large attendance and filling mp of
Saae-tracks with private cars of general man
@esrs.
s. Louis is worked up over the cut made by
Ghneago elevator companies, and will meet it.
1has ID gratifying news, as in years past Indian
AEosis roads have suffered because st. Louis ele-
vAsors would not meet Chicago rates, the bust
mass naturally drifting to Chicago.
Now it is stated that the Lackawanna people
1Senegotiating to establish passenger as well as
Ns6sght routes to such points as Cincinnati In
ailHnapolis, st. Louis and Chicago. The Lacka-
wBsna people expect to be running through
cuoehes 70 some of the points named by July /.
The indianapolis ear works this morning
cuDmence on the contract to build 300 box-cars
dor the Vandalia, T. II. 81 L. division Presi-
du4 Milliard is much encouraged over the out
Ac& for business. Within the last ten days he
h@ been asked to send in bids some two thou
9sDd cars
Sylvester FL. Kneelend. who a few days ago
ems elected president of the Toledo, st. Louis e.
Kxzsas City, is the gentleman who fought Jay
GBsld 50 pluckiy for seven years in the New
York Elevated railroad matter He was beaten,
az Jay Gould beats everybody; but minority
EsAs is still In progress.
The superintendent of the indianapolis lines
aB not pleased with the little of-mportance
xnmner in which the Mayor passed over the
az5ests of three boys for jumping onto trains
znssing over the Union tracks. As the offense is
agsimnal one in the eyes of the State law, it
wpsin the nature OF surprise to the railroad
sRsials.
49, rvny ,,to
Sh8 station 2,S04 loaded cars, against 3,120 in
xse week ending June 10. and against 1885 the
corresponding week in 1885. From the above
SnEement it will be seen that 318 fewer loaded
were brought in last week than in the pre-
Reihng week aud 5l3 less than in the correspond
Inc week in 1885.
yhe new deal on the c., Fl. q d. gives New
Ysrk man the title of secretary and treasurer of
tlD company, but leaves the same amount of
azssr r. III. Short, whose title is made that of
Hzistant secretary and treasurer It was Clever,
hCBever. In the new directory that they did not
rRfaee the pay of the veteran official when clip
ping his title somewhat
Zhere is good authority for stating that as
essn as the new Union Depot is completed the
BssDn Railway Company will at once turn their
Afsation to the erection of an immense transfer
14rDt at some convenient point. on the line, for
ALiehe roads to transfer their freights in, local
az we'll as through business. This will still
4ussAer relieve the Union tracks of switching
trans.
ghe Chicago and Ohio River pool lines will
-dsnand the following arbitraries after July / on
frHght traffic originating at all points south of
tssOhio river and east of the Mobile & Ohio
ru& From Cincinnati Jacksonville, Ind;
A8x Albany. Ind. Evansville, Ind, and Cairo
al. TO Chicago and common junction points in
G~< county First class so cents; second, 40
nBEks; third, q cents; fourth Is cents; fifth, Is
rgsss.
"A Southern railroad man who was in the city
yesterday states that the Louisville and Nash
piIs is drifting into deep water. He states that
xtves are vouchers for supplies out which are
OSrdue four months. If this be so, it is GER
sanay an unfavorable omen. To the company's
SnNits they are paying the employees with the
guntest regularity and this is as important to
4hRroad az to pay vouchers for supplies, or even
4hBTesr on bonds
Prospects are that the operations in the Clay
es,aty block-coal regions with the opening of
EaE trade. will be double that of any former
yrxa. The Terre Haute 81 Indianapolis pre-
pznng to largely increase their business the
Ehcago u Indiana Coal road will be in the field
fcr that traffic, and the Chicago &c Eastern Illi-
moo propose to handle their share or the traffic,
latb the Louisville New Albany & Chicago are
shaping up matters to not be behind their com
YRsators for this traffic.
9is stated officially that the Pennsylvania
people have fully determined upon building an
( auEkpendent line from Red Bank, o., on the Lit
Iis Miami To Richmond. Ind. unless they secure
Emtrol OF the c., H. & D., Hamilton and Rich
M1d division. The new controlling powers of
chs c.. III. & d. have not as yet shown their col
0rS in this matter. Had the old management
.ratinued in control doubtless before this time
xa8 division of the c., III. & d. system would
Aase been under the control Of the Pennsylva-
nsapeopie.
4he New York Central is arranging a service
5aEwsen Boston and Chicago for twenty-seven
baws. and to equip it and the train to New
YAK, is putting 800. 900 into sixty eight new
.xuill he To- OF, he
ShHssand miles, and the average time up and
aDcn grade will be forty-one miles an hour.
EscA train will have FIVE cars. including buffet
ANA smoker. Eventually there will he three of
thkso fast trains a day each way. The Fitch
hsrr is in this speeding as well as the Boston e.
Albany.
81 is stated that, in order to avoid any future
dfISeulties the reorganized Toledo St Louis &
Kansas City railroad will give an interest on the
hnyis of share for share to the common stock
hCAkers of the old Toledo Cincinnati & st. Louis
r27foad If this were an established fact the
Tklkdo. Cincinnati & St Louis stock. which ia
kixking around the street, would have some
xaine But the point may be raised that the
eTzginal Toledo, Cincinnati 81 ST Louis was not
an Ohio corporation, in which event the yexinc
OsEo law against wiping out the common stock
ID cor poration might not apply. In Indiana
ths arrangement could legally be carried out
TAe new 6 percent. first mortgage bonds of the
Thksdo. St Louis e. Kansas City. to the amount
al 20 900 per mile upon the 45l miles of road,
arp 20 be taken by syndicate headed by Sylves
ter Kneeland. Of New York The syndicate
hsrs signed q contract to convert the old mar
rDysgauga into a first class standard-gu age road
Mia sixty pound steel rails, and equal in every
respect TO the best The Quigley receipts for
far the old bonds will be changed into new ID
percent coupon non-cumulative stock, with the
righs TO exchange the same for common stock at
aa any time within ten years. Beyond this will
BE sha eommon stock of $50, 900 per mile
Below is given the number of cars forwarded
nrer the five direct Eastern lines il the week
padding June &c. as compared with the week pre-
ssssing and with tho corresponding week 1885:
Corresponding
June.I9. June %. week. 1885.
RRaysns 1872 761 LOOT
n n L, e. p $50 AL sol
"a W.. $50 432 433
a. H&L 2S1 216 1914