The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-20


ried the eases to the Supreme Court of Illinois,
and this court has decided that the transactions
were not legal the part of Traffic Managers
Nutter ana Sanderson, and reversed the decision
of the lower court
It is pretty safe to say that should the Atch-
inson Topeka g. Sante Fe build from Kansas
City to Chicago, the / D. 81 S. Railroad Com
pany will build road to Chillicothe on the A.
T. 81 S. f. proposed line. Such connection
would give the l., ID. & S. the short line between
indianapolis and Kansas City Such an enter
prise has been suggested to the moneyed men in
the A, t. q 5. f. company and it met with
encouragement from them, and whenever the l.,
d. q S. road reaches Chillicothe there little
question as TO Its being built westward to con-
meet with the Omaha road. By building 1914
miles the l. d. e. S. could connect with the
Omaha road and have nearly an airline.
The managers of competing roads are gradu-
ally coming to the conclusion that the fastest
service should not be restricted to trains COM
posed entirely of Pullman cars. What is needed
is passenger coaches built as substantially in
every respect are Pullman's best sleeping
coaches. although not so richly finished. and
then place them on the long through runs and
on the most rapid trains. The road which first
Yaakes the advance In this direction will
play winning card There many people
who are amply able to ride in Pullman cars who
prefer good, clean, cheerful. sociable passenger
coach, and ii would be great convenience to
persons who feel unable financially TO travel on
as do the Pullman cars
The affairs of the sixth pool" of the Chicago
and Ohio River Pool Association, the Inter
Ocean says. remain in an unsettled condition.
1t was the purpose of the managers of the inter
ested roads to come to some amlcaoie agreement
on Thursday if possible, and with that purpose
| III view a meeting of the conference committee
previously appointed was called at the office of
Commissioner L. ID. Richardson. It was found,
however that not all the members were present,
n1d Int Inor naHf hat
ingalls,. of the Big Four road, had returned to
Cincinnati It was then agreed to hold no meet
ing for a week 80, by which time it was hoped
Chairman E L. Jeffery would succeed in receiv-
ing favorable reports from all the lines on the
subject OF arbitrating the differences.
"The presence of Elijah Smith in Boston," on
Wednesday last, says the Advertiser, Twas
| taken advantage of to hold one of the semi
occasional meetings of the directors of the Fort
Wayne, Cincinnati & Louisville railroad at Mr..
Smiths office, in the Sears Building: Although
this road has had far from brilliant career
since its reorganization in 1881. yet it may shoot
into prominence if Mr.. Smiths acquisition of
the Lafayette. Muncie & Bloomington division
of the Lake Erie & Western gives the Fort
Wayne road a Chicago connection. The whole
capitalization of the Fort Wayne, Cincinnati G.
Louisville consists of its $4000OO0 of capital
stock and 100000 of notes which mature in
1888. There is bonded debt,
and the earnings of the property
expenses, SO that about 500, 900 has been put
| into the road in improvements. Although the
people who are connected with Fort Wayne,
Cincinnati 81 Louisville talk very conservatlvely
In regard to the property, yet it must be consd-
cred to have future, or the men who are In it
would not remain. It has a first-class board of
directors. the Boston members being follows
Elijah Smith. John NJ Forbes, Fl. III. Hume
well, John A. Burnham, Henry S. Russell.
Charles H. Dalton. William Endicott, jr. and
P. w. Smith. TIE only reason why the stock is
not traded in ia probably because nobody wants
to sell it."
AS the item which appeared in the Journal. a
few days since, to the effect that the c., H. q ID.
could have, at any time in the last six months,
| If reports are true. secured control Of the Day
! ton q Ironton road, had not lot of sharpers
| been intent on fleeing all the money they could
| out of the G., H. & ID. people. has excited COM
meut, quote from letter which appeared in
| the Boston Advertiser, aday or Two ago, written
| by one of the sore-headed stockholders. The
| press has criticised this peculiar financiering
| with some but not too much. severity. 1t is
noteworthy, however, that the censure of the
press has thus far been directed wholly against
| the Dayton & Ironton directors. and the purpose
| of this letter is to ask whether thu Cincinnati
| Hamilton e. Dayton directors have not good
| deal to answer for; and. incidentally, | would
like to ask if the stockholders of the latter road
| have not substantial grievance worth the at
tention of the press9 If the allegations publicly
| made are true, the stockholders of the Gin
| cinnati Hamilton & Dayton are by far the
| greatest sufferers, as the $750,O00 pocketed by
| the syndicate comes out of them The statement
has been persstently made in public and in pri
/ vate by the principal officers of the Dayton &
/ lronton road in this city that the road was not
| earning its operating expenses, and nobody who
understood its condition would pay even $50 a
| share for its stock If the Cincinnati, Hamilton
d Dayton corporation wished to possess itself of
a controlling interest in the Dayton & Ironton,
| it could have been secured at maximum price
| of $50 share without the auxiliary of liable
| fnancierng.n or any sort of craft whatever, and
1 if the stockholders of the Cincinnati Hamilton
81 DAYTON have been made to pay 800 share, or
even half that sum, they have been most out
| rageously swindled
| Where Energy and Ingenuity Are Required.
/ At the present time there are a great many
railway reorganizations in pro Sress and it is re-
curing men of business energy and ingenuity to
reorganize the railroad companies on healthy
/ and lasting basis. A few names, and but few,
meet the eye at the head of the reorganizing
/ schemes, and in the present condition of our
railroads man once successful is apt to have
his hands full of work, as has Austin Corbin,
| Chauncey Depew and half dozen others who
| might be named The past has been a chapter
of railway plumbers, the present seems to be an
era of riviving honesty and economy, and it Is
not too much to expect that in the future with the
keen watch kept by the people upon railway en-
| terprises, the day of better things is at hand
The Commercial Advertiser says the task of
railroad reorgapiZer is unequaled for difficulty
and intricacy. He must take the property as it
has come from the hands of spectators and
wreckers, overloaded with debt which it is
totally unable to meet, and assaulted by
host of claims, many of which examina-
| tion will prove fraudulent Parallel lines
| threaten so dangerous competition that
| the road cannot hold its own on local
traffic without constantly extending out new
connections and spurs Money must be raised
for this, and at the same time operating ex
penses and salaries must be carefully reduced,
so to lop off useless excrescences without dis
pensing with necessary facilities. The most
skillful negotiations must be carried with
| riva roads In order to avoid disastrous wars of
rates. Usually the debt is altogether beyond