The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-03
AFFAIRS OF THE RAILWAYS.
Personal and Local.

Personal and Local.
II Is stated that the Union Railway Company
Scat their bonds at per cent. per annum.
The L, B. & w. will, in February of this year,
Is is stated officially, show an increase in earn
fngs over February, 1885, of $50, 600.
The meeting of the presidents and general
managers of the roads in the Union Railway
Company has been postponed until Friday.
The Lackawanna fast-freight line is doing quite
respectable business out Of this section. east
bound, forwarding in February 400 cars of grain
and lumber.
The meeting of the general managers of the
lines in the Northwestern Traffic Association,
called for yesterday in Chicago, has been post
poned until April /.
sIr o. w. Ruggles, general passenger agent OF
Abe Michigan Central road, was called to st.
Louis Monday by the death Of his brother, who
mas been an invalid for some time past.
Il r. Duval. general manager of the Florida
Railway and Navigation Company, who came
north to attend the funeral of T. A. Lewis, re-
furned to jacksonville, Fla, last evening.
When General Manager Scott gets the steel
rails, now distributed on the l., p. & G. road,
in she track. sxtysix miles of the seventy three
between Indianapolis and Peru will be laid with
steel
A. Pope has been appointed general freight
agent Of the Norfolk & Northwestern road in
place Of Charles P. Hatch, resigned, and w. B.
Bsvill is appointed general passenger and ticket
agent.
The present management of the L., N. A g.
~ elairn that they are now operating the road on
6s per cent. Of the gross earnings. When they
took the road 1t cost 80 per cent. of the gross
earnings to operate 1t.
The c., l.. St L. & c., as soon as the frost is
ps4 of the ground, will gravel all that portion of
the Western division lying between Templeton
and Kankakee The Big Four will then be
graveled its entire length ana laid with steel.
Chief Engineer Devore, OF the Indianapolis
Eel River e. Western road, has just returned
from New York, and says he is much encouraged
over the outlook for this enterprise; that the
friends of it have by no means abandoned the
project
Northern manufacturers of railway supplies
Feuld do we'll to turn their eyes southwark
Mere than 10 900 miles have been added to the
TaiIroad lines of the Southern States since $780,
and the actual cost Of railroads and their equip
meats is said to have been doubled in the same
4ime
A railroad official who is we'll informed regard
ing the affairs of the Union Railway Company
remarked last evening that it was no exaggera-
sion to say that the chances were about even
ehat the new Union Depot would be located on
the East Washington street c., st. L. 81 p. and
J., P. e. G. grounds.
Simon Sterne, one of the largest bondholders
Of the l., ID. 81 s.. last week, after making
grip over the line, remarked that 80 per cent. of
che track was as good as that of the New York,
well pay better compliment to the road, as the
Physical condition of the N. Y, N. 81. d Il. is
,Almcst perfect.
All the talk of the L.. N A. 6 c., the l., P. &
C., or the c., Fl. 81 d. cutting loose from the
sn RsiwE o1npsny and its facilities is
kguch better get along without either or all of
these roads than can the leasing lines get along
without the facilities offered; and when pressed,
fhe official of either of the roads give evidence
ehat it is game of bluff on their part.
The c.. c.. C. & l. stockholders hold their an
nual meeting to-day in Cleveland. There will
be three new directors to elect. AS the board
of directors stands there are seven Ohio
men in 1t, including e. B. Thomas. and six New
York men. 1t is understood that three more
New York men will be elected to-day 1t is
pectsd that J. FL. Devereux will be reelected
president and given years leave of absence,
hoping that such rest will benefit his health
The passenger agents whose headquarters are
Buffalo have organized what they claim is the
model rate-mantaiaing association. They have
made secret agreement. which is said to be
tron-clad and unbreakable, and will hereafter
prevent the agents from cutting below one an
DfAer. The agents of the New York Central,
" est Shore, Erie. Lackawanna, Lehigh Valley.
Lake Shore and Michigan Central have signed
tt and it is expected that those of the Grand
Trunk. Nickel-plate, Buffalo, New York g. Phila-
delpha, and Northern Central will do 80 this
Week, when the agreement will be complete.
indianapolis roads have the past winter been
very exempt from the usual accidents at this
season of the year. Inquiry shows that not
krain or even car has been derailed by broken
rail, nor seriously delayed by snow blockades,
neither has there been the usual number of col
lisions Eastern roads have not Jared so we'll
Jaauary was trying month for many of the
roads in the matter of operating expenses. which
were increased by the storms that prevailed in
the East This fact finds expression in the
statement of the Pennsylvania lines east of
Pittsburg, which show an increase in operating
expenses of $1S3.047 This was partially offset
by q gain of $144. Ola in gross earnings. and left
the net only 500 033 below January of last year.
The increase in gross is favorable sign, indicat-
ing as # does improvement in business, and
Ahe enlarged expenses are the result of a tempo
eAry cause. which has already passed away.