The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-16

William Cannon, paymaster and purchas,
ing agent of the Union and Belt road. will
remove his office to the Union Passenger
Station on the LIST prox.
A force, under engineer w. d. Williams.
is surveying the proposed line of the Gin
cinnati, Jackson 81 Mackinaw road, from
Addison to JacksOn-eighteen miles.
The combination sleeper and chair car on
the c., c., G.. Il st. L., heretofore run be-
tween st. Louis and Springfield, o., will
hereafter run between this city n st.
Louis only.
The Lake Erie g. Western will have two
Mixinkuckee excursions this m~onth-one
on the 21st, the other on the 2Sth. The at
traction on the first occasion will be DR..
Talmage aud on the second Sam Jones.
The force at the Big Four shops, at
Brightwood, has been ordered to be in
creased two hundred men. A large proper
ton of the machinery in the shops at Gin
cinnati will be transferred to this point.
A dispatch to Colonel Perry. received
yesterday afternoon, says that Third Vice
President Messler, of the Pennsylvania COM
pany who was overcome with the heat on
Saturday, is not yet out of danger, but his
physicians have strong hope of his ultimate
recovery.
The T-ranscontinental Association will
meet at st. Louis on the Goth, instead of at
Tacoma. The principal subjects to be dis
cussed will be the rates to the 6. A. X. en-
%campment and the payment of commissions.
The Puget sound difficulty has been salts
factorily disposed of.
Parties are at work securing the right Of
way for the Toledo, Findlay 81 Springfield
railway. The proposed line runs from
Toledo southwesterly through Bowling
Green. North Baltimore. Findlay and Ada
to ~Springfield-a rich agricultural. gas ana
oil district. 1. b. Brown, formerly man.
ager of the Toledo, Columbus ~ Southern
road, is at the head of the enterprise.
The trains of the Louisville, New Albany
& Chicago railway began crossing the Ken
lucky 81 Indiana bridge on Sunday, under
a new arrangement, and the result has been
a sharp advance in the stock and bonds of
the Bridge company and of the Louisville
Southern Railroad Company to-day. The
Louisville, New Albany 81 Chicago trains
have been coming over the Pennsylvania
Company's bridge.
Indianapolis IL Vincennes road were
gathered at the. Offices of Super
intendent Mansfield yesterday. In one
room the men were being examined for
bership in the Mutual Aid Association.
The latter institution is growing in popu-
larity with the men, and the membership
increasing rapidly.
The Lake Erie & Western is clearing up
all its contracts for through business in
order to be ready to take advantage of the
increase in grain rates, which will take eff
feet on the 2Sth. From the I'D till the 2Sth
all grain and grain products will be hauled
en- the 20-cent basis. After that date
grain and grain products except corn,
which VIII remain at 20 cents.
1t is said Manager ST. John has received
from Omaha capitalists such encourage
ment as to induce him to at once put in
s slon 30 the the steps Sp;c Necessary Rgc to the 1sIa edteS r.
Pacific from Omaha to Fairbury,
there to connect with the Chicago,
Kansas and Nebraska branch, and giving
a continuous line from Chicago to Denver.
via Omaha. Tn proposed line Will parallel
the Union Pacific to a point beyond FIRE.
mont.
The east bound shipments of flour. grain
and provisions out of Chicago by the lines
in the Central Traffic Association. last
week. aggregated 1928 tons, against 15,41S
for the week previous, an increase of SD
tons. and against 4,3OS for the correspond
ing period last year. an increase of 1,a25
tons. The Vanderbilt lines carried 1915 per
cent. of this traffic; the Pennsylvania lines
a.7; the Chicago d Grand Trunk, II. and
the Baltimore * Ohio. 1873.
The local freight agents met at the Office
of the Weighing and Inspection Associa-
ton yesterday afternoon. Among the mat
tiers disposed of was the adoption of a rule
to notify shippers who have given under
weights that such action is i'll violation of
Sec. 10 of the "act to regulate commerce."
as amended March 2, 1889, which provides
that any person making a false billing
either by misrepresenting the weight or
character of the goods shipped. wether by
consent or cOnnivance of the carrier or not,
thereby renders himself liable to conviction
OF fraud, and Ito q fine. not exceeding
5000, or imprisonment for a term not
exceeding W years, or both"
With q view To relieving the general
Western manager of a large amount of
detail work, the territory covered by tho
American Express Company in the Western
as follows: The Southwestern division,
comprising Pennsylvania. Ohio and
Indiana, r. ID. Hughes general superin-
tendent. Cleyeland- The Central division,
comprising Illinois. Wisconsin and Michi-
tendent, Chicago. The Northwestern divi-
sion. comprising Minnesota, Dakota and
Montana, w. A. .NaylOr general superin-
tendent, st. Paul. The Western division,
comprising Iowa. Missouri, Kansas and
Nebraska. l.. A. Garner general superin-
tendent, Omaha.
Since the recent declaration OF the three
percent. dividend by the Illinois Central, an
expert accountant of New YORK has pub
Ilshed, for the benefit of foreign stock
holders, an address in which he says:
Since the year 1882 it would appear that
the annualr reports have not been arranged
with a view OF affording enlightenment to
the stockholders TO whom they are adj
dressedSon the contrary. vital information
III regard 20 transactions In the issue and
sale of securities for construction and other
purposes, and the disposition of funds de-
rived therefrOm, has been withheld, ex-
cept in a very general reference by the
secretary" After commenting on the dis
continuance of the profit and loss account,
the letter continues: Il think it may be
safely stated that no parallel exists in our
railroad history where a trust
has been delivered up in such
excellent shape as was that of the c.,
st. l.. Il n. o. railroad at the close of 1882,
thus giving to the Illinois Central company
an uninterrupted through route from the
lakes to the gulf. and with an outlook for
prosperity second to no other railroad
property on this continent. The New Or
leans line. on delivery. was practically q
newly-constructed and equipped road. first
class In every respect, with a funded debt
of $4,000, 600, Or so. 493 per mile, and a net
earning capacity averaged on the previous
five years sufficient to pay the entire inter-
est charge and 8 per cent. on the $40, 900. 900
stock. Comparing at the present time 1882
with 1888, you will find an increase of ILL
nOis Central funded debt of 76 per cent, an
increase of charges of 40 per cent, q de-
crease of gross per mile of 1712 per cent, an
increase of expenses per mile of 16ls per
cent, a decrease of net per mile of Ala per
cent, and an increase iii the percentage of
expenses TO gross earnings of Is per cent.
The Illinois Central proper and the lines
south of Cairo have, no doubt, had to
shoulder a loss on the other lines operated,
but as to the extent of that loss il is impos-
oihle IN datarmina with tho praaapt p,aopo