The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-06

Win buo cOrreepOQulHG " go
earnings, 500. 889. a decrease Of $275.5l6. For
the eight months ending Aug. 81, the gross
earnings were Sl4, lib. l6S, q decrease OF S5. hz,.
Gal: net earning, 90. 32s, 626. Q decrease Oh
80, 594, 231.
Personal, Local and State Notes.
The passenger earnings of the c., l.. 81. LIZ
G. for September reached $1,000. being the
largest revenue ever derived in one month from
this department
The Illinois Railroad Assessing Board has
submitted it's report, aud gives the equallzed
value Of railroad property in the State as Soe,--
S67, Gs2, an increase this year of e, $50. zoo, or 81
per cent.
The report that eighteen passenger conductors
have been discharged this week proves TO nave
been incorrect There were but eight discharged.
None have been discharged on the Ohio and IN
diana divisions.
s The Ohio Falls car-works, Jeffersonville. IND,
are building 200 box cars for the South Carolina
road. These works the last year have oulit
more equipments for Southern roads than nave
any car-works in the country.
A. T.. Rice, the ticket agent of the j., NJ. &L
road. who a few weeks ago left under unpiess-
ant circumstances, is said to be in Chicago. The
guarantee company, have already, 1t ID stated.
made nc his shortage to the company.
The general freight agents Of the Northwest
ern lines are holding conferences daily In Chi-
cago, and it is said have about arranged the de-
tails looking TO an advance IN rates on the l0tn
OF the month. Notice to that effect Is expected
to-day.
The Bedford & Bloomfield road, together with
it's extension to French Lick Springs. has proven
q very profitable investment for the L., N. A..
c. people; paving operating expenses, 6 per cent.
on the investment and leaving a very respectable
surplus.
Business with the sleepinec car companies for
September was immense. Receipts from sales
of berths at the Indianapolis Office exceeded
fh0Sa of anv 0rrp> vnnnth frl1v g0 a cant
and IL is said that at all other important Western
points the receipts Were unprecedentedly large.
There are signs that the passenger rates from
st Louis. Indianapolis. and several other West
ern points TO the seaboard are to be restored to
tariff. The Wabash management are active IN
bringing about such a result, which is somewhat
singular, as the Wabash is usually the most Bit
ter in a rate warfare.
The meeting of the Decline Mutual Benefit
Association in this city, on the 18th, promises to
be q very pleasant affair. 1t viii be the first
meeting since the Mutual Benefit Association OF
the Indianapolis e. st. Louis was consolidated
with the association Of the Decline proper.
There are now some 1, 500 members.
Eleven railroads terminate at Buffalo, y. Y.
the shortest of which has $40 miles Of track.
| The money invested in railroads in that city's
corporate limits il s67, 900, 384. The first charter
to build q railroad into Buffalo was granted In
1882, but not until 1884 was a train run into that
city. and then over the Buffalo e. Black Rock
road.
Engineer Coburn, who made the fast run over
| the L., \. A & G. road from Indianapolis to
Chicago q few weeks ago, carrying the Journal,
| has been appointed foreman of engineers on that
road, as q reward for his service. A statement
is being prepared from the train sheets which
will show that this Journal train made the fast
est time ever made in this country.
Austin Corbin has been elected president of
the Chicago & OHIO River road, formerly the
tDanvills, Olney & Ohio River road 1t is un-
derssood that when the Ohio, Indiana & West.
ern road gets out of the woods financially they
will gather in the c. & O. X. road aud extend it
to the Ohio river, thus making a good road ont
of the latter and furnishing q good feeder for
the o., /. & w. proper.
General Passenger Agent Mccormick. of the
Louisville, New Albany & Chicago road, spent
yesterday in the city. He expresses the opinion
that rates are better maintained at the present
time in the Ohio river territory than at any
time in meny years. So far "a the L., y. A. q
e. Is concerned. be says that General Manager
Carson will not even allow him to meet the rate
made by a competitor, should there be positive
evidence that such com petitor is cutting rates.
A movement is now on foot to build q union
depot at Buffalo, the estimated cost Of which is
1900, 900. The building Of so foe a union sts-
ton at Indianapolis will doubtless lead to the
erection of q number OF elegant structures OF
this character in this country within the next
few years. But it will be difficult to excel the
Indianapolis station unless q much larger sum
Of money is expended than on the Union Station
proper and the train-shsds.
John EeaD, general passenger agent of the
Cincinnati, Indianapolis, St. Louis &c Chicago
road, was 10 the city yesterday. He expresses
the opinion that the agreement relative to Civ
Ing reduced rate, TO parties Of ten or more in
the Ohio river territory will do much TO prevent
the breaking out of rate wars. which are fire.
Quently brought on by reductions to excursion
parties. Under the agreement all parties are
placed on a par, and one road has no advantage
over the other so far as naming o rate.
Time is demonstrating that the putting on OF
a fast limited train east from st. Louis over the
Vapdslia and the Pennsylvania lines will build
up q good trave. from the Southwest A large
per cent. OF tho passengers which the Pounsyl
vania special takes out of st. Louis each morn.
ing are turned over to them by the trains com
Ing Into that city 10 the morning from Kansas
CITY and other Southwestern points. while q
large per cent. of the travel from st. Louis
proper takes the evening trains for tho East.
The Chicago & Indiana Coal road takes its DO.
eition as one OF Iudianas dividend paying roads.
The official statement shows that the road
earned gross in the month of September s4S, Sat
against SAB. $50 for the same month in 1887. Or
the basis of 30 per cent. for operating expenses
the net earnings for the month were sd. 40
The monthly proportion of fixed charges ii
$l5. $40, SO that in September the company
earned q surplus of Sc. 400 over charges. For
the nine months ending Sept 30, gross earnings
were $315,97l. against 1922. 757 in 1887. an 10
crease OF @oo,zif, or over % per cent IeklnE
50 per cent for operating expenses, leaves lie,
earnings $169, 49,. The nine months proper
ton of charges is S13S, $50, showing a surplus Of
$50. S57, or equal TO 2 lilo per cent. on the 81, 400,
200 OF preferred stock.
Us. Wilson, general traffic manager of thu
Pennsylvania road has resigned. His resignation
takes effect Oct 10. The report that he is goine
on to the Philadelphia & Reading road is denied
by good authority. 1t is said to be highly prob
able that he will take the presidency of tn,
Pouehkeepsie Bridge Company. 1t is admitted
that President roberts, OF the Pennsylvania road
has been one of the most influential hackers o
the bridge company, and has been the means oil
getting Philadelphia capitalists 10 control il. TIL,
Pennsylvania has been planning a connection
with the bridge ever since Roberts took hold o
1t. 1t has surveyed three distinct routes iron
Scranton to the bridge, and has minated tina
it may use part of the Erie line from tina
point, which King. of the Erie, has said III
would be glad to allow.
miscellaneous Items.
The Atchison. Topeka K Santa Fs is capital
lied at s75, 600, 900 and nine-tenths of the stool
is said to be held in New England.
The Wilmington car works ars building sew
eral palace cars for the transportation of valua