The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-09
FINLEY MUST BACK DOWN
Financial Backers of Western Roads
Want Peace Made with the Alton.
Grain Tariff Not Likely to Be Reduced-Ex-
cursion Business May Demoralize East.
Bound characterization Meetings.

The Western Passenger Association closed
its monthly meeting. at Chicago. yester-
day without touching upon the questions
that have arisen on account of the differ
ences between Chairman Finley and the
Chicago q Alton railroad. A special meet
ing of the managers has been called for
next Saturday morning to consider this
matter, and if possible to bring about a set
Element of the difficulty. 1t is understood
that the financial hackers OF the Western
roads have given notice to the managers
to call Chairman Finley down. and TO re-
sumo peaceful relations with the Alton at
once. This indicates that the end of the
fight is at hand. and that the result will be
q victory for the Alton. Any other out
come would mean a Generalization of
rates throughout the Western territory.
and that is the one thing that the
owners Of the roads are most anxious
TO avoid. But a still more important re-
suit wouId be undoubtedly produced by
such q concession. IL would be equiva-
lent to an enlistment OF all the Eastern
road on the side of the Alton in its tight
with the Eastern lines. and could scarcely
fail to break the backbone of the boycott
and once more defeat the movement to
abolish the payment of passenger commits
siOns.
At the meeting of the association yester-
day 1t was found convenient to postpone
action on many important questions be-
cause OF the uncertainty existing as to the
Atoms position. Such was the fate of the
proposed uniform contract on mileage
tickets, the report of the committee look
ing to a modification of the present rules
In regard to certificate excursion business.
the question Of adopting harvest excursion
rates and the proposition to make special
rates for State and interstate fairs. exposi-
tions. etc. Action on these matters was de-
ferred until the next regular meeting.
why Grain Rates VIII Not BE Reduced.
A traffic manager who ranks among the
most competent IN that branch of service
says shippers cannot be blamed for wish
ing q reduction in grain rates, but he
could not see il to be a wise move on the
part of the all-rail lines. Suppose" said
he. that we reduce the rate 5 cents per
one hundred pounds. wheat would be
rushed to market and the thousands of
cars noF standing on side-tracks would go
East and there remain. perhaps, for two or
three weeks. to be unloaded. and sixty or
ninety days from now the cream Of the
wheat crop would be moved and at a low
rate. AS matters now stand We have the
cars In hand and can place them as desired
and receive % cents per one hundred
pounds, Indianapolis to New York. or to
Philadelphia and Baltimore a proper
tionate rate. after deducting the respective
dlfferentials for those points. With the
all-rail rOutesit Is simply a question OF re-
ducing rates and moving the crops two or
three weeks earlier at a lower rate, or
maintainingfpresent rates and moving just
as much business later in the summer and
fall. So far as the road with which i am
connected Is concerned 1t will maintain the
- -. - A.
nde-tracks until the grain begins to move
in such quantities that the question will
be where to get cars. not what are rates.
A couple of weeks will bring about just
such o state of affairs"
Trouble Over the Niagara Falls Excursions
E~ast-bound passenger rates are likely to
become more or less demoralized by the
coming Niagara Falls excursions. The
Cincinnati, Hamilton & Dayton passenger
department claim that as soon as they
fixed upon the date of the first excursion.
July 80. the Big Four comes in and sets the
date two days earlier over their line. and
this has caused i'll feeling between the two.
The Lake Erie & Western is another line
which is not pleased over the turn matters
have taken. The trouble is not confined to
Indianapolis and Cincinnati. The Cleve-
land Leader of yesterday says:
The Niagara excursion business is the bone
which is destined TO breed contention among the
railroads here, which have so long dwelt together
In harmony. The Nickel plate excursions show
signs OF becoming too frequent to suit the Lake
Shore people, who claim that regular traffic is
disturbed by lOw-rate trips to the falls. They
claim that So for the round trip is out of all pro-
portion TO the regular rate. and since this low
fare is INDUCED in so freely they will step in and
take a part OF the business. The Nickel-plate has
advertised a 50 excursion for next Monday on
the train leaving Cleveland in the morning. and
q fuR nTRhf nWnnRElnn n tho - Y Th0
Lake Shore now advertises a g3 excursion for
next Saturday night. The latter road did not go
into the excursion business to Niagara at all last
season, and IL Is claimed that il Is desired this
year to give the NickeLplate a lesson.
Charges Against Oregon Pacific Managers.
An opposition to the present MANAGEMENT
of the Oregon Pacific has appointed q CON-
mittee of bondholders to r~eorsanize the
road, aud yesterday the new commission
issued a statement charging that the man
agement had issued over S11. 900. 900 more of
bonds than was warranted by the mortgage.
The mortgage provides that the bonded
deb shall be limited to $4,000 per mile.
80 far 40 miles have been constructed, call
ing for the issue of g, 800. 600 IN bonds. The
company. however. has issued So. 000.0 900 in
bonds. and ~jUstities itself by asserting that
the line, when completed. will be SIX hun
dred miles long. and that the bond Issue on
tho hOal0 l0AA OO WHY G-pgOOO wi
mile. The bonds, which were placed at so,
have now no market value, and the COM
pany has a floating debt of 100000 The
commission, It is understood, will bring
legal proceedings against the officers.
Yesterdays Meetings.
The indianapolis superintendent Asso-
citation held its regular monthly meeting
yesterday, at 10 A. NJ. No business of inter
est TO the public was discussed. Even the
Big Four securing control of the White
River road. leading to the Kingan packing
house. was not preached. One of the su-
perintendents said it was an unusually
tame meeting.
The Indiana Car-service Association held
its regular monthly meeting yesterday, at
II A. NJ. .The time, after reading the min
utes OF the last meeting, was spent in read
justing the percentages of the roads which
pay the expenses of the organization. The
percentages of the Big Four and the Indian
apOlis ~ Nincennes were reduced. while
those of the Pennsylvania Company. the
Lake Erie q Western and the Cincinnati,
Wabash X Michigan were increased. The
other roads were unchanged. Twenty roads
were represented at the meeting.
Resigned to Accept $4,000 a Year.
H.. +. Huntington. general manager of
the Newport News * Mississippi Valley
railroad. has endered his resignation, to
take effect Sept. l. On that date he will
assume the duties of assistant general man.
agar Of fha Southarp paci6c ra:lrood with