The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-06
AFFAIRS OF THE RAILWAYS.


Personal and Local.
number OF the more patriotic engineers yes
terday had their locomotives profusely decorat a
with the American flag and other union en-
I'blems.
Indiana Bloomington & Western stock is
Al lower and the securities from five to points
lower, in consequence of the appointment of a
receiver
What are known as the ''low school-marms'
rates. to Kansas points take effect to-day. The
low round trip rates have been made open to all,
| and will be on sale until July II
e. A. Ford, general passenger agent of the
Pennsylvania lines west of Pittsburg will to-
morrow start on trip over the entire western
system. He purposes to devote two weeks to
the work, will stop at all stations where agencies
are established, spur the agents up where it is
| necessary and pat them on the back where they
have been doing good work.
The official circular of the l., B. & W. to bond
and stockholders declares that receiver was APP
pointed as the best method OF forcing reconsid-
GRAFTON of the controversy with the Cincinnati,
Sandusky e. Cleveland company in the federal
courts, and meantime protecting the property
and revenues OF the company against embarrass-
ments and seizure.
NJ. e. ingalls,, president of the G., T., ST L. &
o., spent yesterday morning in the city looking
over matters, and at noon left for Colorado on
special train over the l. d. e. S. road. Receiver
/ Hammond accompanied him as far as Decatur.
The frequent conferences between Messrs In
gals and Hammond is leading TO some specua-
ton to the future relations between the two
roads That Mr. ingalls, thinks well of the
property, and that he advises extending it furth
er west is well understood
A conference of the parties interested in the
reorganization of the Wabash has been called
for Thursday of this week. An effort will be
holders as possible for a conference with the
purchasing committee. The signatures are not
binding unless majority shall be obtained. In
case of failure to secure the requisite amount,
the COMMITTEES will, it is stated, go ahead and
leave for the directors of the reorganzed COM
pany to say whether they will pay the full rate
of interest or permit the roads to be foreclosed
and take the chances of their loss. The time
for signing the agreement terminates on Sept /.
Ohio Southern incomes declined per cent.
to 49, in sympathy with the l., b. & W..
the interests of the two roads being identical
The foregoing is from the New York Post, but
the Post is mistaken in saying that the interests
of these two roads are identical. Austin Corbin
does not now nor has he held share of
that stock, or one of the bonds. The stock
holders of the Cincinnati Sandusky 81 Cleveland
will now learn the lesson that leases to be- priced
must be- profitable to the lessee, which the lease
in question will not be under the recent decision
of the Ohio courts Therefore the attempt to
break it, and it is thought that Sandusky will
be heavy loser If the attempt succeeds. There
is some criticism of the policy of the Sandusky
road in exacting more rental than the lessee can
afford to pay, although it is not questioned that
Ohio law sustains the lessor in this case.
Some of the criticisms of the Eastern press
regarding the relations of Austin Corbin to the
l., b. 81 w. road are unquestionably too severe.
The fact Is that the Corbin syndicate az an en-
trety are more than surprised at the outcome of
the litigation pending so long between them and
x, far ac Mr. mr.
bin is concerned, he has been confined to his
house the greater part of the time since May z,
and for weeks his recovery was considered
doubtful and not until few days ago was the
decision of the court made known to him. and
his friends are confident that he will. within
reasonable time, kave the l., B. & W. proper
we'll on its feet again, with the c., S. & c.,
which has been go much OF an elephant the
l., b. & W., unioaded. Those who know Mr..
Corbin best state that he will see every just
claim against the l., B. & w. paid in full, and at
as early date as possible.
few days ago Cornelius Vanderbilt informed
the New York Centeral railway directors that if
they will donate the vacant lot at the corner of
Madison square and Forty fifth street he will
erect substantial building thereon for "the
use enjoyment and improvement of the ek9-
ployes of the company and those of other roads
centering in the Grand Central Depot" The
proposition accepted The plans for the
building are already prepared. 1t will have an
elgnCy loot 'front.' on fofty- nICn street. III VIII
be substantial structure with bathrooms,
gymnasium and bowling alleys in the basement;
reading room. library, rooms for games and
Offices on the first floor; large hall for general
meetings and rooms for classes on the second
floor, and rooms for janitors family and Sleep
| ing-rooms for men coming in late detained in
tho city over night, IN the upper story. Such
evidences of good will the part of capitalists
toward the men in their employ are worthy of all
commentator, and will bring forth good fruit in
assisting to solve the great question of the rela
lions between capital and labor.