The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-17
Not q Bluff Game.


Messrs. G. w. Smith, vice president; j. F.
Goddard. traffic manager, and other officials of
the Santa Fe road are in Chicago. mir. Smith
was spoken to in regard to the company's pro-
posed extension to Chicago from Kansas City by a
reporter of the Inter Ocean. Mr.. Smith said he
knew that in certain circles it was claimed that
the company was playing big game of bluff to
deceive the other roads running between Chi
cago and Kansas City. He stated officially that
there was no bluff about the transactions that the
company was thoroughly in earnest
and was already at work prepar-
ing for the construction of the line.
The report that the bonds were already issued
| Mr. Smith said was incorrect. although the mat
ter was being attended to in Boston AS regards
| the purpose of the extension, Mr.. Smith stated
| that the company which. by May !, 1887. would
control and operate 6, 900 miles of railway west
| of the Mississippi river had enough of traffic ar
| rangements. They were totally unsatisfactory,
| and to a company of the Santa FEES streng 9Th and
/ enterprise meant nothing. No, there was no
/ intention to buy the Alton or the Chicago divis-
| ion of the Wabash road The company's capital
| for the construction of the new line was placed
| at $40, 000.0 900, although the road could be
| built for less. 1t will be thirty miles shorter
| than the present short line between Chicago and
Kansas City, and will pass through Joliet,
Streator, Galesburg. ILL.,. and Chillcothe, Mo-, as
| the more important points.
Livestock Traffic of the Northern Pacific.
The cattle season of the Northern Pacific has
| practically ended. While the returns show an
! increase in business over last year, the figures
| fall short of what was anticipated at the opening
of the season. For this falling off are ascribed
| several reasons. The continued dry weather left
| the cattle in much poorer condition than usual.
| During the Fast season the Northern Pacific has
/ shipped from Montana and western Dakota to
1 st. Paul, Superior and Chicago. on hoof and
dressed 49, 900 head of cattle, against 70 900 last
| year OF this amount $4,000 head were shipped on
| foot and 5000 were dressed Last years figures
were 81, 600 on hoof and 6. coo dressed. The few
| shipments which are yet to come will probably
| swell the total figures to IS, 600 head. Sheep
| shipments show not only larger number than
| last year, but larger than was expected for this
| season. During the season there shipped
from Washington Territory and Oregon into
Montana $4,000 head, against 28000 last year.
/ The shipment to ST. Paul and Duluth and other
eastern markets from Montana, Washington,
and Oregon foot up $4,000 head The ship
| ments yet to arrive will swell these figures to
| about 100 900 head. These figures are against
| 65, 900 head shipped east last year.
| Bad Prospect for L. e. g. w. Stockholders.
! NEW YORK, Nov. 16.-The Tribune says:
1.-THE plans for the reorganization of the Lake
! Erie & Western railway have been unsuccessful,
| and the stockholders will be asked, probably, to
pay additional assessment to prevent the
property from being sold in separate divisions.
| The reorganization committee has not proposed
| any modification of its plans. and has not had a
meeting recently, but it Is understood that the
| members see no alternative to the levving of
| another assessment The stock has paid Sc
share, and probably will be forced to pay as
much more. as persons interested in the road de-
clare that the double assessment will not be suf
| fcient to prevent the foreclosure sale. The
| committee will meet in few days, probably,
| when some course will be decided on. 1t is
sidered doubtful whether the stockholders will
| consent to a second assessment, but on the part
of the committee it is said that unless the money
is obtained the stock will be utterly extinguished
by the foreclosure sale of three divisions under
the recent order of the court"