The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-22
AFFAIRS OF THE RAILWAYS.

Commissioner George L. Carman will close up
The affairs Of the Southwestern Traffic Essocia-
Hon July 81
The Laekawanna line agent announces a re-
Guction in the rate on lumber and stoves. car
aots, from 80 to Is cents, Chicago 10 New York.
AS result Of his recent tour TO the West,
President Ingalls, of the Big Four, looks for
boom in railroad business this fall, with largely
INCREASED earnings.
Runners are afoat that the Chicago, Rock
Island G. Pacific railway is to purchase the ST.
l0oseph & Grand Island, and is now making nego'
Stations to that end.
A deed conveying the Button, Kokomo &
Southwestern railroad, for $4,277Y500. was LETT
at the recorders Office at Lafayette, yesterday
morning, for record.
( The Indiana Bloomington & Western has
given conditional adherence to the central
TRAFFIC Association, which Is to have controi OF
rates in this territory i'll the future
In consequences of the refusal of Chicago lines
10 shorten their time to Omaha, the Union Pa
cific has been compelled to temporarily abandon
the running of its proposed limited to San Fran
cisco
Bya trust deed recently filed in Missouri, the
Chicago. Burlington & Quincy has added to the
mortgage made in 1879, the Burlington 81
Missouri roads in Iowa, as security, the branches
since acquired or built
The eight-thousandth engine has just been
completed at the Baldwin locomotive works,
Philadelphia. The first was made in 1892 but
more than half the whole number were turned
out during the last fourteen years
Rate wars may come and rate-wars may 60,
as we'll as traffic agreements and associations,
but the Pullman Palace-car Company goes right
on declaring and paying quarterly dividends or
2 per cent, the next one due Aug. l6.
The Illinois Central management have con-
lcluded they must build ST. Paul line, and have
begun surveying on the line of and old charter
granted some years ago. 1t Is also surveying
line from Yazoo City, Miss, to Helena, Ark.
e W. Taylor has been appointed engineer
of maintenance Of way on the Cincinnati 81 Mus
kilaeum Valley railway, vice g. w. Kilt
hedge transferred. NJ. A. Zook has been
appointed to the same Office on the Indianapolis
& Vincennes railroad succeeding Mr.. Taylor
George R. Williamson and Kirt Haywood, two
of the oldest in the service and most popular Of
the passenger conductors the Lake Erie &
Western railway, have rendered their resigna-
4ions, and made their last trip over the road.
They had a misunderstanding with Superintend-
ant HILL
The Ohio River Valley road, projected from
Henderson, KY, to Jackson. Tenn, has been
eompleted for forty-ive miles, and, according to
She statements of its consulting engineer, IS do
ing satisfactory business. Capt. Samuel s.
Brown, the Pittsburg river magnate, is largely
interested in the Ohio River Valley.
New York and Boston are flooded with reports
OF rate cutting out of Indianapolis, Peoria, ST.
Louis and other Western points. Even if true,
which is denied by interested parties, the cutting
Is not half fierce nor deep as is practiced by
New England roads who make no pretense of
observing the schedule.
For several days there has been an inexpli-
0Rble fairy in New York and New England stock
Ut is now made plain by the reports that the
Pennsylvania Company is negotiating for the
control of the road, which is now used for its
Boston connection. The report is partially con-
6rmed by director Of the N. Y. & N. E.
Western railway officials, when considering
Dhe possibilities Of arriving at permanent plan
90 govern the traffic of interested roads agree,
almost without dissent, that the gross-money
pool is the only possible and peaceful sou-
zion, and that attempt to effect combina-
tion on any o.her line is almost sure to result
in a failure
favorable exhibits of earnings The PEORIA
Decatur & Evansville shows an increase of
g. 49S the first week in July over corresponding
week. 1885: the Evansville 81 Terre Haute an
increase of 81, OIL The local business of both
6ivistons is taxing the company to furnish cars
st is said that the company could use 1000
more ears than they can get hold of to good ad-
vantage.
At the meeting of the New York dry goods
men and representatives of the trunk lines in
Gommissioner Fink's Office, on Tuesday, tc con-
slider the grievances of the merchants in regard
Horates. nothing was accomplished. Vice-presi-
8hat all the trouble was that the South and West
were taking away the Eastern merchants trade.
and he did noS see how the railroads could help
g. The dry goods men threaten to appeal to the
courts for aid.
President ingalls, thinks the Ohio s. Missis
eippi stockholders will make mistake If they
let Mr. MoTrison's opposition TO Captain Peabody
Influence them so far as to make a change in the
pf6ce of general manager. Mr.. ingalls, says:
@But do not think there'll be any change In
She first place, railway managers uniting honesty
and capacity are scarce Captain Peabody is
one of them. He has brought the Ohio & Mis-
1issippi through as few men could have done /
DO not know how they could replace him if they
wanted to- but do not think they'll want to when
they have seen the results of the next four
months business which will be excellent. If
they should make the mistake of superseding
him, he'll be the gamer. He'll have no trouble
Ia getting less exacting and more remunerative
place, though naturally having stood by the
road in its darkest hours, and worked like a
Trojan for it's best interests he would like to pull
Aer through"