The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-30
AFFAIRS OF THE RAILWAYS.
Personal and General Notes

Rio Grande. was in the city yesterday.
The rumor is revived of the purpose of the
consolidated Big Four to absorb the o., 1.
81 w.
Through freight business is light, but APP
pearances about the city depot platforms
indicate good business in local freights.
L. f. Sullivan, general auditor of the
Chesapeake ~ Ohio road. whose headquar-
ters are in Richmond, Va, is in the city,
among his old friends.
John w. Scott has been appointed divis-
lon passenger agent of the Union racine
railway at Kansas City, to take effect Aug.
i. His jurisdiction will extend over all the
Kansas division of the road.
The net earnings of the Northern Central
for the six months ending June 80 were
SS42, 955.07, a decrease, as compared with the
like period last year, OF s56O64.3o Inc de-
crease during June was S12.45l.31.
The meeting of Wabash Western officials
at ST. Louis Yesterday formally ratified
the purchase of the Eastern lines and the
consolidation of the properties. The final
meeting in this interest will be held at
Toledo Thursday, when the officers for
the Consolidated Wabash lines for the en-
suing year will be chosen.
The Milwaukee & Northern Railway has
Just bought an extensive tract of land
fronting on the bay shore, of Caspar Step
henson and others, and will extend the
line TO Escanaba next season. Big ore and
merchandise docks will be built there, and
the road Will prepare to compete for the
ore traffic with the Chicago & North
western railway.
The Central Traffic Association roads
T thia hold saa number OF important meetings
meeting of the Chicago freight committee
Will be held to consider variety of sub
Jects. and on Wednesday the association
roads will meet to take action in regard to
the scheme suggested by the Western roads
for the establishment of prorates to st.
Paul on through traffic.
A new railroad in western Kentucky is
projected, under the name of the Bowling
begin on it next month. The line as orig
inally proposed. Is to run from Bowling
Green. by the most direct route practicable,
to a point ON the Ohio river at or near
Greensboro. Last week that portion of the
line between Leitchtield. in Grayson coqn-
", and Scottsville in Allen county, was To-
Gated by a final survey.
The Baltimore IL Ohio management bav-
ing abolished the Offices of general ticket
agent. assistant general ticket agent and
division ticket agent, to take effect with
the close of this month, makes announce
ment of the following assignments, to take
effect Aug. l: j. NJ. Schryver,. assistant.
general passenger agent for the lines east of
the Ohio-Office at Baltimore: .. L. Nc
Carly, assistant general passenger agent
for the lines west of the Ohio-office at Co
lumbus.
The representatives of the Kansas CITY
lines. constituting the committee appointed
to consider ways and means of furnishing
the Chicago ~ Alton for withdrawing from
the presidents agreement, will meet TO-
morrow, provided that full attendance
can be secured. the policy for the Inter
state-commerce Railway Association which
Chairman Walker seems to suggest is that
outsiders while others should not make
slow through rates, but be left to make re-
munerative charges ON local traffic.
The cut made by the Pennsylvania line
on Chicago business has already had very
perceptible effect on business to that city.
The drift of passenger traffic to the PENN
sylvania trains Is so noticeable that it does
not seem possible competing lines can long
refrain from meeting the cut. If this is
done, it would take a bold guesser to pre-
dict where OF when the strife for business
will end. Eventually not only Chicago
rates, but rates TO all Western points will
be affected, and the commissioner will have
his time pretty well occupied in framing
circulars to the roads in his jurisdiction.
Articles were filed with the Secretary of
State of Illinois. yesterday, of the cOnsOl-
idation of the Wabash lines. They combine
the Toledo Western Railway Company, the
Company. the Wabash Eastern Railway
Company of Indiana, the Wabash Eastern
Raj way Company of Illinois, and the
Wabash Western Railway Company, under
pany, with capital stock of 49,, Co., 900.
The board of directors is constituted as fol-
lows: j. +. Joy, Detroit Ossian ID. Ashley,
Thomas III. Hubbard, New York; Edgar f.
Welles. Hartford; George w. Smith,
Abram NJ. Pence Charles Henrottin, John
Maynard Harlan, Chicago; John w. Bum,
Springfield.
The Chattanooga News. referring to the
Louisville 81 Nashville's withdrawal of
tickets over the New Albany 81 Chicago,
says: THE Importance of this move will
readily suggest itself to railroad men. The
Toad thus practically boycotted by the
H.. -.
Monon route. 1t extends south from Chi
cago to Louisville, where it extends south
east over the chartered Louisville Southern
branch to Burgln, where 1t connects with
been fed literally by the Louisville &
Nashville and vice versa. There was never
much business on the Monon route via
Louisville. and consequently its business
here will not be affected much. 1t will,
however, be affected very considerably
along the Louisville Il Nashville road. The
latter will now sell tickets via Louisville,
over the Pennsylvania route exclusively.
That there has been some sort of falling out
between the Louisville ~ Nashville and
Monon route arrangements is apparent"
The Railroad Gazette says of the recent
transaction in G. 81 .. stock: There has
actual strategic significance of the sale by
e.. T. Huntington of 100000 shares of the
stock of the Chesapeake Il Ohio to pur-
chaser supposed TO represent the Wander
by Mr.. Huntington so far as he is con-
cerned by the statement that he wishes to
get rid of his interests east of the Mississp-
Pi. On the other hand the reputed pur-
chasers have a good deal of money, for
which they must find a place, and they
may consider Chesapeake & Ohio at TWEEN
ty-two and one-half a good investment
quite irrespective of any great combina-
ton. All this is simple. and may be suf
ticient explanation of the transaction.
Newport News is probably destined to grow
In Importance as port for certain great
staples. Ii is a cheap port, CONNEXIONS
and convenient to coal and iron fields. A
line to that port from the country served
by the consolidated Decline and Big
-Four. and controlled by the same inter
ests as the consolidated roads, may become
very useful property without interfering
with the interests of the Vanderbilt lines
to New York.
A Philadelphia dispatch of Saturd ay said:
Ihe Philadelphia g. Reading Railroad
Company is selling its general mortgage
per cent. bonds TO provide funds for the
construction of the Terminal railroad, &C
cording to well-fOunded report among the
brokers yesterday. 1t is said that Drexel
~ Co., and other prominent banking houses
are slowly working Oft the bonds. which
are selling for slightly above ninety. The
public is questioning how the Reading road
sraf tn