The Indianapolis journal., 1890-06-17

has been indulged il. but the interstate
laws are losing their terror. and many OF
the freight men are falling back into their
old habits in this particular.
There is a war cloud between the trunk
lines on west-bound business. The Lehigh
Valley and the New York, Ontario 81 West
ern roads have established a ticket office
on lower Broadway. and its competitors
are considerably aroused over the matter.
E. A. Ford, general passenger agent of
the Pennsylvania lines west of Pittsburg,
Will. with his several assistant general pas
senger agents. on the 18th start on trip
over the southwestern system. visiting
every station. The trip will occupy ten
days
The New York Stock Exchange ordered
Lifted S.. .1O3. 900 of the first-mortgage four
percent. fifty-year bonds of the Peoria d.
Eastern. formerly the o.. /. q w. road;
=: 100000 me-mortgage four perosent n
600 capital stock.
The Louisville g. Nashville company has
commenced converting the Admission q
Cincinnati and the Admission & Atlantic
roads from narrow to standard gauge
loads One is fifty-three miles long, the
S.t other thirty miles in length. Both VIII
likely be Incorporated as integral parts OF
the L. & N. system.
Louis Mills, engineer on the Vandalia,
yesterday left East ST. Lonis fifteen min
utes late, with nine coaches in the train
his engine was hauling, and. on the trains
fast schedule, reached Terre Haute on time:
With a train of Its length 1T is considered
one of the best runs ever made on the west
ern division of the Vandalia.
Benjamin Hurst, who was one of the first
engineers employed on the Erie road, died
In New York last week. aged eighty years.
He ran one of the company's engines for
tifty-one years. His summary discharge
thA v,xvto in
stoned the first railroad strike in this coun-
try and led to his prompt reinstatement.
4 The shipments ofefour,. grain and pro-
visions from Chicago to the seabOard by
the lines in the Central Traffic Association
last week aggregated 29,246 tons, against
1882 for the week previous, an increase OF
294 tons, and against 16.097 for the CORE
spending week last year. an increase of 13,
149 tons. The Vanderbilt lines carried 53.2
per cent. of the entire tonnage, the Penn,
sylyania lines 207, the Chicago 81 Grand
Trunk 16, and the B. & o. 101.
The Vanderbilts are reported to be con-
siderably exercised over the project tC
build another road from Toledo to Chicago.
practically paralleling the Lake Shore
road, and should it be built doubtless the
same tactics would be adopted which were
used to wreck financially the West Shore
and the Nickel-plate, namely. cut the rates
and make the new road carry business SO
low that it cannot meet its fixed charges
and then force it to sale and buy it In
cheap.
A small section of the Wabash road last
week gave up it's struggle for existence. II
was q branch of the st. Louis, Kansas City
u Northern road, twenty-one miles long
which the Wabash leased. The Chicago
Burlington d Quincy paralleled 1t, and the
life of the little road was soon sapped. The
bondholders met In New York last weeE
and threw up the sponge. The bonds foot
up into the hundred thousands. but eacf
bond realized through the sales of tht
equipment, etc., but $12.
| The Lackawanna fast-freigh line ere
ated c0mmOtion at Chicago yesterday
morning by quoting a through rate to New
York on wool of 40 cents. The all-rail lines
made fifty-cent basis on wool not loni
| ago. but they must again reduce the rate
or r'abandon the wool traffic TO the Lacka
wanna. The sensation of the morning
however, was the reduction in all fifth
class traffic moved by the Lehigh Valley
Without notice to it's competitors it quoted
| a seventeen-and- a-half-cent rate on thi
| class, its lake-and-rail competitors beini
| left with a rate which they cannot reduc'
to the Lehigh Valley basis before Friday.
One of the officials of the Lake Erie &
Western road remarked last evening. wher
| speaking of the building of a more direc
| line east from Indianapolis, that it was
| possible that the company would build onl!
| from Fishers TO Anderson, using the Bee
line between Anderson and Muncie. From
| Anderson to Muncie il is exactly the sam
| distance that the Big Four uses the track
| of the Lake Erie q Western between La
fayette and Templeton, and, should the ar
! rangenient be made. one track servic
would offset the other. Should this be &C
| complisbed the Lake Erie 81 Western peo
| pie would have to build but twenty-fiv
miles of new road. instead of forty in cas-
| they built from Fishers to Muncie.