The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-08
AFFAIRS OF THE RAILWAYS.


G. J. Eckart, recently appointed general man
aeer Of the Central Iowa road, has assumed the
duties of the position.
West bound freight shipments out OF New
York, during October, amounted to l7.0O0 cars,
and they thus far this monch average GOO cars
day.
President Barnard and several Of the directors
OF the Ohio & Mississippi road ore this week
making an inspection Of the entire system OF
roads.
The winter timetables take effect on Sunday
next A few minor changes will be made In
the way Of frightening running time on some
of the roads.
Chief Engineer Hall, OF the Louisville. New
Albany & Chicago road, 10 in the city, making
surveys Of grounds which the company pro-
poses 20 mako improvements in the way OF side
tracks.
c. ". Fairbanks goes to Chicago tomorrow.
where he appears as an attorney in the fore
closure suits of the Chicago & Atlantic road,
which come up for q hearing before Judge
Gresham.
The Louisville. New Albany G. Chicago peo-
pie expect to-day to close deal by which they
secure ground centrally located for their freight
depot and round-houes, which they propose to
erect at Indianapolis.
movement is on foot among the roads OF the
form a combination to restore the rates Of year
ago In Southern Nebraska, Kansas, Missouri,
Texas and the Indian Territory.
Passenger business was heavy with al lines
yesterday. TIE sales Of tickets at the outside
Offices and the offices Of the ticket scalpers were
large. and gave evidence that some of the ille-
gal veters were striking out for home.
The actual running time of the special on
Sunday last ever the Louisville, New Albany q
Chicago road. from Chicago to indianapolis.
was three hours and ff.y-seven minutes. Dis
lance, ls3 miles. The engine hauled but one
coach.
G. C. Waite. vice president and general man
sger OF the Cincinnati, Hamilton & Dayton,
several directors and other officials of the road.
this morning start on their annual inspection
trip, going over the c.. II. g. L division on Sat
urday.
Now that the election is over passenger men look
for heavy travel westward, and the freight
mea expect large shipments OF furniture aCri-
cultural i'm Elements and stock by immigrants
who are to locate In Kansas and the Southwest
this fall.
The Chicago & Eastern Illinois handled q
larger tonnage in October than in any month In
the history Of the road. They hauled out OF
Clay county 2 100 carloads of block coal or As
40 tons, and expect to haul fully as heavy q
tonnage this month. if not heavier
The Louisville. New Albany & Chicago road
earned in October. $2l6,068 Increase over earn
ing corresponding month, 1887. 81, 799. The
Chicago & Eastern Illinois road earned S223, PIG.
Increase this year, $40 248. The Wabash West
earned 1868 67S. Decrease this year, $64, Ill.
The outstanding bondholders Of the Wabash,
St Louis d Pacific road are seemingly de-
termned to make moro trouble. A master, it
Is stated, has been appointed to take testimony
which necessarily precedss any final action in re-
gard to the foreclosure proceedings. There are
$24S.0OO of these outstanding bonds.
Engine No. 70 on the Cincinnati Indians polis
ST. Louis 81 Chicago road recently made fact
run from Indianapolis TO Chicago, hauling eleven
cars, three of them Pullman sleeping coaches
The train left Indianapolis one hour and twenty
minutes late, and went into Chicago but FIVE
minutes late. running the 195 miles in FIVE hours
and twenty-five minutes.
The report OF General Manager Henderson
shows that in the last fiscal year Of the Ohio
Southern road 1t earned $608, 9ls against 1894
158 In 1887; the net earnings were S247, 9S8. This
shows that the road was operated on 1927 per
cent of the gross earnings The sum of $40, 594
was expended in improving the road-bed and
| $50, l34 for new equipment.
The United States Express Company has be-
| gun to operate over the Louisville, ST. Louis &
| Texas road in connection with the Louisville
| Southern; it gives them q good line from Louis
| Greensboro, Ky. The United States Express
| Company will likely make another effort to
establish through express line ever the L., N.
A. & c. road TO Operate in connection with
their line over the reads first named.
The directors of the Pittsburg, Fort Wayne &
Chicoso Eooo hoNe JUST Eoturneo from an iuspec-
tion trip over the line, and said to havs been
well pleased with the condition of the property.
| During the last year q number OK new stations
| have been erected on the liue, which were
| looked upon as being an excellent Improvement
| The directors will recommend that their freight
depot facilities at Chicago ard system of tracks
be enlarged Their buildings there now cover
| Learly four squares.
II is stated that when the net profits Of the
| Pennsylvania Railroad Company are made mp
| for 1888 they will show that the cen pany, al.
though paying but a Der cent dividend duril Z
| the year, has earned an 3 per cent. dividend.
| The policy of the officials of this company has
been fer years TO cempei their shareholders ia
form o sort OF savings bank fund out of the rail-
| road company. Among these assets will be
| found choice assortment Of Western railroad
securities. in which this annual surplnsage has
| been invested, and which draws per cent in.
terest per annum on such securities.
| #lrj