The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-23
AFFAIRS OF THE RAILWAYS.


week in August SOS. 1863 over earnings CORE
spending week 1886
There were transferred over the Belt road last
week 8,9l5 cars. against 1921 the correspond
ing week 1885. Decrease this year 2. 800 cars
Belt road engines handled at the stockyards
last week 600 cars of live stock, against GA the
corresponding week 1885. Increase this year,
Tic cars
The Pennsylvania lines west of Pittsburg in
July this year show an increase of $40 900 over
the earnings the corresponding month. 1885. On
every division an increase is shown.
President Blackstone, Vice-president McMul-
lin. cf the Chicago g. Alton, and party. have ac-
icomplished their daylight ride over the Canadian
Pacific, and are now in Montreal. They will re-
turn TO Chicago the middle of this week
just what position the Burlington g. Northern
rs going to take with reference to the North
western Freight Association when the time for
reorganizing that pool comes is matter of con-
siderable speculation in railroad circles.
The Pennsylvania Company are receiving the
new freight equipments recently ordered at the
rate of seventy-ive cars per day. One million
dollars viii be put into freight equipments for
the lines west of Pitssburg within the next ninety
days.
Superintendent w. K. Morgan, of the Detroit,
Grand Haven e. Milwaukee, whose resignation
was announced few days ago, has accepted the
position Of assistant general superintendent of
the Chicago & Grand Trunk, with headquarters
at Battle Creek Mich.
The five Western lines last week brought into
this station 3,442 loaded cars, against 1904 in
the week ending Aug. IA, and against 4, 489 the
corresponding week. 1885, in which the Western
lines showed the largest inbound movement of
any week In the year 1885.
w. j. C. Kenyon, general passenger agent of
Abe new Chicago, Burlington IL Northern road,
Is authority for the statement that the opening
OF this route will occur not later than Oct l.
He promises that the time between Chicago st.
Louis. and St Paul and Minneapolis will be as
quick as by any other line.
The action of the Vandalia route in refusing
60 pay Commissioner Blanchards drafts was
fully explained at the meeting, when the presi-
dent, McKeeu, is said to have written that he
had been away; that he did not expect the draft,
and the treasurer had only exercised proper dis
erection in refusing to pay so large an amount on
this account at this time.
The line agents Of the fast-freight lines which
usually carry the lumber from this section
shipped to New England, are complaining bit
terly of the small quantity now being shipped.
Unfortunately for these lines, the two large
humber firms which recently failed in Boston
shipped fully 80 per cent of their lumber from
indianapolis and Immediately adjoining terri
tory.
The Button g. Logansport Railroad Company
y
Bluffton on Sept %. the object being to elect
thirteen directors and to transact other business.
President Sturgis states that communications
recently received from those interested in the
Mt. Vernon TO- & Wheeling eva. railroad, now
under construction in Ohio. indicate that they
will push branch west through Wapakoneta to
the State line, in Mercer county.
The St. Louis cable road in which a number
of Lndanapolitans are interested. is no lon ger
experiment. For weeks the cable has worked
like charm, the road is crowded with business,
and disinterested party says there is not a man
that has invested dollar in the enterprise that
cannot now pick up five dollars in its place, if
disposed so 10 do. The friends of the property
are confident that the profits from operating the
road are meager as compared with what they
will be in the near future
The Lafayette Courier says: DR.. L. M. Irwin
administrator of the estate of George j. Hen
ninger, the deceased president Of the Burling-
ton, sWestern e. Lafayette Railway Company, has
fled suit against g. NJ Terrence, the present
president to compel him TO deliver up 500 shares
of stock of said road belonging to the late Hem
ninger, for which demand has been made and
which Terrence refuses to give up, although
they are indorsed, claiming that the stockholders
had, at a meeting, voted them away from the
deceased.
The few men who had faith in the L.. N. A. 6
Q. and bought the stock at II cents on the dol
lar unquestonably feel good to see it run up to
81 and prospects that it will 90 even higher;
yet If they are holding expecting dividends
they may expect to be disappointed There
are but four of what may be counted as
dividend-paying roads in the State of Indiana,
and the number is not likely to be increased
while it is fashionable to load roads down with
double the amount of bonded debt it would cost
TO parallel and equip another road.
In the Cleveland, Sandusky g Cincinnati pc
tition which came up last week in Cincinnati the
ruling is looked upon by the l. , b. 81 w. people
as favorable to them. but that there is to be
lengthy and bitter litigation the question at
issue is quite apparent Under the rulings of
the court the Indiana. Bloomington e. Western
receiver was ordered to pay $50, 900 each month
Ion account to the plaintiffs, the c., S. g. c.. the
payments to date from and after the month of
June The receiver was also ordered to con-
tinue operating the lines of the plaintiffs. The
case will come up for final hearing before Judges
jackson and Gresham, of the Seventh district
the latter part Of September.
Freight Traffic Little OF.