The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-17
AFFAIRS OF THE RAILWAYS.

Lss
bzccease of $1,000 ever May, 1886.
The l.. d. 6 S. earned, in May $26,677 an in
aresse over corresponding period 1885, of So. 74o.
The Evansville & Terre Haute earnings for
the FIRST week of June increased $3.50 over the
corresponding week, 1885.
An Eastern financial journal predicts that the
ptOck of the c., l., st. l.. & G. will be at par Ia
thirty days A few jumps like that of Tuesday
last will place itthere.
MI Doherty commissioner of the 1ndianap-
Dlis pool. has returned from Chicago. He is of
Tho opinion that the east bound pool per cents.
win be announced Saturday, if not before.
The Pennsylvania Company want to build
new and elegant depot at Logansport. AS In In
annapolis, few property holders. the Logans-
port Pharos says, are trying to defeat the pro-
feet
The May freight tonnage over the Bee-line
system fell considerably below that of May
ABGs while the revenue from carrying it in
creased some $4,000. 1t pays to maintain
rates.
Mr. S. B. Cochrane. passenger agent of the p.
* Il T. railroad, passed through this city yester
slay. en- route for the East, after having con-
dnczed party of California excursionists to
Omaha, Neb.
Commissioner Fink. OF the trunk line pool is
Spreading few days in Louisville, KY. He has
refused to increase the Lackawanna's percent
age In the trunk-line pool and the company has
Rcrspted the decision.
There is considerable speculation as to the
reasOn the directors of the G., H. 81 d. did not,
as usual when electing their officers, elect a
l.eaeral freight and general passenger agent.
Under their charter, the directors elect these
6wB officials
A railroad official who met e. B. Thomas in
Ghlcago states that the latter is looking finely,
Ehe Virginia climate agreeing with HIM admir-
ably. A Southern railroad official says Mr..
Thomas is getting to be the liking bee'in South
ern railroad circles.
Both NJ. e. ingalls, and J. N. Mccullough have
Enss returned from New York. and they say that
Richard S. Hayes is the coming man for the
presidency of the Bee-line system, and they
speak of him In very complimentary manner
As n railroad man.
Frank Korty, one of the instructors of the
Brosherhood of Locomotive Firemen. who left
b lev DAYS ago with a party of similar officials
30 interview the brotherhoods of the far West,
was taken seriously i'll with infammatory rheu-
ma4ism at Leadvilles on Sunday and had to stay
over there. He will return home as soon as he
is able to travel
william Vice is the name Of one of the men
Eho IS under arrest for wrecking the Panhandle
krnia, at Windfall He was assisted in his ne
Earious work by George NJ. Justice. The Logans-
port Pharos says: lit is not often that justice
associates with vice, but when the two extremes
property it is time for Judge Lynch to show his
hard
Aspecial train. made up of four private cars,
iwas run over the g., l., st. L. 81 G.. road, from
Indianapolis to Chicago, yesterday, in 5 hours
Epd % minutes. There were aboard the train.
Presidents ingalls,, of the c.. l., St L. & c.; Nc
Keen. OF the Vandalia; Mccullough and McCrea,
p: ths Pennsylvania lines; V. t. Malott, of the
Union Railway Company: Beach. Of the Bee
fine. and Superintendent Sherwood, Of the Big
-Four.
n. X. Elliott superintendent of transportation
pr the Vandalia. can, should he choose to accept
IL. have the position of general manager of the
t. Louis. Kansas City g. Colorado. now in pro
less OF construction, some thirty miles of which
viii DO opened July / for business. 1t is ex-
peeted to have the road in operation between st.
JIoHis and Kansas City within twelve months,
nnd west OF that point the people in the towns
kii along the proposed line are offering every en-
Eouragement in the matter of right of way and
subsidies
The board of directors of the c., IL 6 D.
Elscied as officers George FL Haynor. of New
sx oTks president; Henry s. Ives, New York, @. G.
iG ate aud Eugene Waterman, Cincinnati vice.
presidents; u. G. Waite, general manager; E.
Wilson Woodruff. secretary and assistant gene
ral manager; f. Fl. Short, assistant secretary
nnd treasurer The reelection of @. c. Waite
cas- general manager is evidence that his success
Hui manner of operating the road the last three
gears is highly appreciated. f. II. Short has
t.een secretary and treasurer of the road nearly
"a quarter of o century.
/ Talk of Breaking the Lease NonsensicaL
Stock of the Cincinnati. Saudusky & Cleveland
Fuad continues to advance upon news that the
suit Of this road against the Indiana. Blooming
aon & Western had been decided in favor of the
former. which is leased to the l., B. & w. The
Ranguine ones declare Sandusky common to be
Ahe BEST buy in the market not only because of
ahis decision but because of important projects
on foot and not ready to be divulged, which, it is
believed, viii increase the income by l per cent.
On the common stuck, or $40, 900, while the per-
Hsanent increase from the T. B. 81 W. rental paw
Tnens will be $4,000 yearly 1t is said, on the
lOther hand that the suit will be appealed to the
TJEsied States Supreme Court but this seems
6mprobable. The Boston Commercial Bulletin
says THE J., B. g. w. directors have had good
sreason to believe that the decision would be
,ngaiBgt them, and it is significant that none of
them were willing to testify in their own behalf
it IS strongly asserted that the very point at
Issue was discussed at the time the lease was
bnade, and that President Corbin, of the l.. g. &
w. did at that time Acknowledge the correctness
nf the Sandusky position, but nevertheless
ssfserward chose to fight in the courts" Talk of
Sreaking the lease is nonsensical. There is no
special point of weakness in it, and it is plainly
advantageous to the l.. b. & W. If no steps
mr8 eMGen to appeal the suit a further advance on
hhe common may be looked for Its par value
Is 80 per share
The Wabash Worry.
II is quite evident that Commissioners Blanch
nrd has hard nut to crack to get the Chicago
- Atlantic into the Central Traffic Association
Gntii its present traffic agreement with the Wa
bash people expires. The Wabash. being outside
Of all pools. is free to cut rates at its sweet will
which. it is hardly necessary to say is frequently
Exercised. The Wabash has always been an
ugly guerrilla in the Western system. 1t lies
giiagonally across the main lines running east
End west has no real beginning end. and be-
sides being in the throes of reorganization has
an Unborn spirit of deviltry which constantly
leads L. 10 unset for its own advantage the nofs