The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-19


hearing the charge of one McGrew, a coal
miner of Lexington. that the Missouri Pa
citc charged an unlawful and exorbitant
rate for hauling coal to Kansas City, held
the complaint to be good, and ordered that
55 cents should be the maximum rate for any
haul mp to- and including fifty-five miles
The commission also ruled that it was un-
lawful for a railroad company to engage In
mining for commercial purposes, such &C.
ton being forbidden by the Constitution OF
Missouri.
Receiver McNulta has issued his report of
the receipts and disbursements of the Wa
bash railway for the month of June. This
Will be his last report as receiver oil the
property. as it carries the accounts up to
the time the road was turned over TO the
management of the Wabash Western. The
statement shows that the balance on hand
May 81. was $40. 1859; receipts Tor the
1850; leaving a cash balance of S272 1872 III.
The receipts from Jan. ], 1887, to June 80,
1889. were S23, 230, 234.74, and the disburse-
ments, So, 95S, 072.5S.
The managers of American roads at Chi
caeo are very indignant over the boom
given to the Grand Trunk and the Canadian
lines by the recent testimony from the
Board of Trade before the Interstate-cOm-
merce Commission. The claim that the
Grand Trunk was the pioneer in the
and the claim set up for priority in favor of
George III. Hammond, who, as much as
twenty years ago, began shipping dressed
beef over the Michigan Central to. the
Eastern cities and stood alone in that busi-
ness for seven years.
At Springfield, ILL.,, on Wednesday, the
United States Trust Company of New York
filed in the Office of the Secretary of State
a release e a mortgage held against the
property, franchise, ETC., of the Chicago,
Chicago, Evanston IL Lake Superior rail
way. The mortgage was executed In Sep
tember, 1888, and was for 81, 100000 to Sc
cure additional tracks and terminal facili-
ties in Chicago. and to build an extension
to northern Wisconsin. The bonds were
to run until 1918, but the railway company
decided to call them in and cancel the in
debtedness.
In the United States Court at Spring
field final supplemental decree has been
the Cairo division of the Wabash, st.
Louis & Pacific. The Indebtedness is ST.
100000, and claims are required to be filed
within sixty days. The court finds that
| compliments, Thomas and Tracy, to the
| Cairo, Vincennes 4 Chicago Railway Com
pany, and the purchase money, mortgage
and purchase money bond and coupons
| cennes IL Chicago road to Thomas and
| Tracy, trustees, fully comply with the
stipulations of the decree of the court rem
dered in February last.
Speaking of the putting down of grain
| rates Just as the active season was about to
open an officer of a road in the Central
| Traffic Association says: We'll have this
| trouble as long as the trunk lines continue
| to rule the country. During the season of
navigation they refuse to. accept from US
the same proportion that they accept from
| the lake lines. The effect of this arbitrary
course, before there was an interstate-cOm-
merce law, was to drive our roads into dis
| honest practices, and the effect now is to
of flaa yrnn l 10 moi
reductions in their rates in order to get
| business enough to save them from bank
ruptcy. The situation is rather gloomy.
and L don't look for an early Improvement"
| 1t is believed the agreement made by the
Western roads by which it was expected
the reduction IN livestock rates would be
confined TO Kansas City. will not be of a
permanent character. The reduction in
augurated by the Chicago &, Alton was TO
the. extent of sig cents.,Kansas City to
Chicago. The other roads will make the
new rate t22 cent9 apply to Kansas City
only, charging % cents from ST. Joseph,
Omaha. Council Bluffs and Nebraska City,
and ~ cents from Sioux City. The reduc-
ton on hogs and hog products from % cents
and 20 cents. respectively. to Is cents, will
not be met in so far as it relates to hogs.
This will call out a vigorous protest from
| Chicago packers, who will certainly carry
their complaint before the Interstate-com-
merce Commission. The aim in this course
| OF procedure Is TO protect Iowa local rates,
but it affords ample ground for the charge
of discrimination.
The Toledo, st. Louis & Kansas City
road has given notice of a rate on grain
and % cents to Boston, to begin to-day and
reman IN effect for ten days. by which
time it is expected the tariff on grain will
be restored, except as to corn. In relation
Agent Hubbard, of the Vandalia, said to
st. Louis reporter: IL have wired Traffic
Manager Murray, of the Bee-liue- Big Four
that he can rely upon the Vanda,iPs co.
east bound grain business as per resolution
of the Trunk Line and Central Traffic
Joint Committee in New York on the 18th
instant. We shall do this regardless of the
advised the the 1snsy aaes people
OF our position and they take
the same ground. am told that the Ohio
q Mississippi will do the same. The Chi.
cage IL Alton. as you know, took no part
In the cut from East st. Louis"
Rumors are still current of negotiations
in progress for the purchase of the Alton
either in the interest of the Missouri Pa
chic or the Northwestern. 1t is alleged
that President Blackstone listened to
0yertures from. a responsible New York
clearinghouse for the sale of the property
to parties who were anxious to remove a
disturbing element IN rates, and that with
a view to forcing better terms the lumber
| rate from CDlcaSO 10 missouri river points
| was dropped cents. and passenger rates
between Chicago and Colorado were cut
S4.65. The result was an advance in the
offered price for controlling interest
Then President Blackstone went off to
Europe, leaving behind him orders for a q
per cent. reduction in live stock, dressed
beef and packing-house products 1t il
said a conference was held on Wednesday
between Vice-president McMulIen and
leading Eastern bankers at Morgan
Drexel & Co.'s, and though nothing definite
could be learned regarding the deal. it is
believed that negotiations are still in
progress. The Alton is in condition to
earn per cent. under almost any circum
stances, and the purchasers of controlling
interest Will have to bid pretty high.
The passenger department of the Contra
Traffic Association has issued a circular
authorizing excursion rates under the GER
tificate plan adopted by the committee tt
persons attending the following meetings
Knights of Friendships biennial conclave
Indianapolis, July 90 IS. rates TO apply
from points in Illinois, Indiana anC
Ohio only. Western Union Baptist Sunday
school convention, Xenia, o., July 24-27-
from points in Indiana and Ohio only
Grand United Order of Odd-fellOws, De
troit, Aug. 5-9-frOn all points in Contra
Traffic territory. Indiana HORTICULTURE
Society. Mitchell, Ind, Aug. 6-S-from
points in Indiana only. Photographers
Association of America. Boston. Aug. 6-1O-
from all points in Central Traffic territory
Union Veterans Union and Woman's Vet
eran Relief Union. Detroit, Aug. 20 %
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