The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-18
AFFAIRS OF THE RAILWAYS.



morning, at Albion, H.
H. E. Pitcher has been appointed general
freight agent of the Toledo, Columbus & South
ern road. vice j. W. Allen.
The dozen or more railroad officials who have
been in Chicago several days attending meetings
are expected home this morning.
Samuel Piekens, attorney of the Indianapolis
g. Vincennes road, yesterday removed with MS
family from Spencer, Ind, to this city
The journal has good reason for stating that
within three years the l., d. & S. road will be
one of the most important roads running into
this city.
Conductor Winnie. of the New York Central,
has resigned his position de has been In the
employ of the company for over thirty years,
and was great favorite with the travelling pub
lie
The question which must now be puZzling the
mind of e. II. Waldron is which division OF the
Lake Erie K Western road. now run, will he
be general manager of if the road is divided up
In the sale. and where will Col Bill Shaw come int
1t is understood that the l.. B. & w. hope to
gather in with the reorganization OF the various
roads. or rather the consolidation, the Toledo,
Columbus & Southern road. which would open
line into Toledo which would be a valuable &C
QUESTION
William Prescott superintendent of motive
building of two more of the model switching en-
gines described in the Journal a short time since,
six of which already in service at different
yards. These engines are built at the company's
shops.
H. B. Hammond. president of the T. ID. S S.
road, remained but few hoursin the city, and
then started westward to look after matters re-
lating to the proposed extension, which will.
doubtless, be pushed soon as the road is out or
the hands of a receiver, which will be in short
time. it is stated.
The Fort Wayne Gazette says: Several of
the Fort Wayne capitalists have bought good
sized lump of Nickel plate stock which at pres
ent is quoted at 10 cents. 1t is expected that
when the road changes hands Slight raise will
ehsue On this anticipation the capitalists are
stalking considerable of their money"
The Wabash has put new dining car
trains east of Fort Wayne Leaving Fort
Wayne at 6:35 A. NJ. No 40, running to Tole-
do returning ON No. Al at 115 P. M going east
on No. 46 at 1:25 P. NJ; returning to Fort Wayne
1T 8;l7 p. NJ, serving breakfast on morning, din
ner on noon and supper on evening trains.
The elegant through Pullman sleeping coaf,hes
which have been put on to run between st.
Louis and Washington, over the Vandalia and
the Pennsylvania lines. it is thought will at the
commencement prove paying institutions. Go
ing East they leave Indianapolis at 4:55 P. NJ;
coming west arrive at Indianapolis at 1875 P. NJ
A party of sixty-fve hunters from New Eng
land came in the Decline night before last
They were jolly party. and en- route to south
ern Illinois. Between Gallon and Indianapolis
they were treated to a lively ride, the express
leaving there one hour and forty-fve minutes
late and running into the Union Depot, Indian
apois, right on time
II. r. Johnson. general passenger and freight
agent of the Cincinnati, Van Vert & Michigan
road. spent yesterday in the city. AS evidence
of the prosperity of the road he states that the
earnings the first ten months of this year 30
per cent. larger than in the corresponding period
1885. By Jan. the company expect to be run
ming solid trains into Cincinnati
1t is intimated as being probable that should
the rulings of Judge Gresham in the Lake Erie
& Western case be carried out NJ E. ingalls,,
president of the O., l. St. l.. & G., viii! be in the
nelt as q bidder for the Bloomington division.
II would be valuable feeder to the Big Four
This division is HI miles long, and the c., l..
st 1. q c. now use eighteen miles of the road
north from Lafayette.
~ the Chicago and Ohio River pool meeting
on Tuesday Secretary B. e. Hand read statis-
teal statement showing that the earnings for
thepast ten months amounted to about So, 800 000
the business of the five pools being for ten
months, and of the sixth pool for seven months
1t was estimated that during the wear 1886 the
earnings would aggregate 81 000 000 an increase
of about $350000 over the business of 1885,
E. Il. Scott. trustee of tho first mortgage
bondholders and general manager of the l., p. g.
G. road, is in the city. Mr. Scott saws it will be
likely two or three weeks before the committees
of the mortgage bondholders of the three divis-
ions agree fully upon the plan Of reorganization
and any statement he might make regarding the
future OF the road would be speculative. AS
trustee, he will continue to operate the road I'M
til the reorganization is perfected.
The new form of bills of lading which come
into general use on the 1st of January will be
distributed among the agents within the next
few days, that agents and shippers may become
acquainted with its conditions. This form of bill
Of lading was prepared by some of the most tai
ented of the general freight agents. who asso-
ciatad with them in the work some of the best
legal talent OF the country, as it was highly i'm
portant that 1t should be perfect in its construc-
tion This form will be adopted by all the trunk
lines and by all the roads in the Middle and
Western Classification Association and the
Northwestern roads.
@. ]. Grammar traffic manager of the Evans
rife e Terre Haute .Mackey' lines announces
the following changes: wv b. Hallstead is ap-
pointed general travelling agent of this company
taking effect Nov Is. 1886 Hallstead will have
charge of the solicitation of both passengers and
freight, and the advertisement of passenger
business throughout the territory of Indiana
Illinois, and the Northwest F. E. Basler
former agent of this company at Sullivan, Ind,
has been appointed to succeed Mr. Halstead as
general freight and general passenger agent Of
the /. & L. S Marrow guage) railway, appoint
ment to take effect to-day
The Philadelphia Inquirer says Judge Jack
son recently gave q decision in the l., B. & W.
railroad case. which raises a question of great
Importance IN respect to the Reading foreclosure
1t raises the question as to what rights leased
property has as against mortgage bondholders
If company leases a road and afterwarG eye
cutss mortgage on its system are the contract
rights under the lease prior obligations to the
mortgage9 fit acquires property by lease after
such mortgage has been executed and the
mortgage contains clause covering ''after.ac-
Qrired property" is that mortgage a prior lien
TO bonds subsequently, issued secured on the
leased propertyl
1t must have been rather annoying to L. D.
Richardson, commissioner of the Chicago and
Onio River pool, after expatiating in glowing
terms on the manner that all the roads had been
living up to rates. to have one of the mem
bers arise and say his remarks were very good
but all the same several roads in the pool had
been cutting rates. to which Mr.. Richardson re-
piled bluntly: Name them The Official who
had not yet set down. ld "Our road has. for
one. and the l.. N A e @ for anothern Not.