The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-10

lDHS over ldSL wear, auu IQe Dtct udll VI ~
year Is to come.
w. p. Ijams, president of the Belt road
and Indianapolis StockyarGs Company, yes
terday appointed Harry Lane auditor OF
the company. This Is the position made
vacant by the death of VIM. ID. Ernst. MIR:
Lane has been chief clerk III the oflce, and
Is a very competent man.
The Northern Pacific closed the first six
months of 1891 with an increase IN earnings
Over those OF the corresponding months OF
1890 of s616.094. Indications are that for
the year 1881 an increase over lS90of 81 $780,
600 will be shown, as the last half of the
year Is the best IN it's earnings.
The Big Four passenger department is
somewhat disturbed over a report that the
Cincinnati. Hamilton ~ Dayton will ex-
tend the limit of Niagara Falls excursion
tickets two days TO those who, on return
ing. wish to stop off at Detroit two of the
best days OF the gathering of the Grand
Army of the Republic.
The Cincinnati, Hamilton & Dayton, on
the 18th of this month, begins the work of
converting tile ClccinDati. Dayton N CHI
cago narrow-Rauge road into standard
gauge. The portion of the road which Is
narrow gauge extends from Dayton to
Delphos, y. When this Improvement is
completed the e., ID. a. e.. will be q much
more valuable feeder to the c.. II. 81 u.
system.
After showing decreased earnings for
six weeks, the Big Four. IN the last week of
June, earned 1884. 961 10, which was an in
crease over 1890 of So. 1874. Another week
in which q decrease IN exhibit OF earnings.
as compared with last year. is not likely TO
occur this year. The Big Four lines earned
in the month of June S1.039,S $685. "a, which
was a decrease, as compared with June. 1890.
of SS4,4l5.69.
ATerre Haute paper starts q report that
NJ. S. Corners, superintendent of the Chi
eagO a. Eastern Illinois road. is to succeed
+. A, Peck az general superintendent OF the
Big -Four lines. Whoever put such an
absurd rumor in circulation did not kno
how highly N. L. Ingalls,. president OF the
Big Four lines. appreciates what Mr. Peck
has accomplished since he took the general
SUPPLEMENTARY of the road.
Jere Bliss, the well-known passenger
man, who, on May l, retired from the serv-
Toe of the Baltimore a. Ohio road to engage
In commercial pursuits, was this week
offered a good position at q handsome sal
airy on one of the Indianapolis lines. he
declined. saying that his income from his
present occupation would WELD him at least
$4,000 n year. Mr.. Bliss was for years on
the Ohio, Indiana q Western road.
w. II. McDoei. general manaG Of the
Louisville, New Albany 81 Chicago road,
spent yesterday in the city. going South
last evening. Like all other railroad OH,
Gals. he reports business improving, and
expects to be using every engine owned by
the company within the next two weeks.
Regarding rumored Official changes on the
lines. he said that none had been definitely
decided upon, although some were IN con-
temptation.
The parties interested in the building of
the Toledo Il Western road started on
Tuesday on n tour of inspection of the
route surveyed a few months ago. They
rection of Chief Engineer Paul. who To-
Gated the line they are going over. Sew
eral days will be required to make the trip.
e.. q. Hadley, the originator of the project,
accompanies the party. which numbers
fourteen persons.
The Continental line west from Indian
apolis now has only the Vandalia, the
Terre Haute Il Peoria. and the I~ndianapo-
lis, Decatur Il Western TO draw business
from via indianapolis. yet the tonnage of
Hamilton * Dayton is of such volume as
to Justify the management IN continuing TO
operate from Indianapolis. In west-bOund
business its record is fully as satisfactory
as Is It's east bound.
Edward Fishback, who represents the
Atchison. Topeka q Santa Fe in this terri
tory. is charged with disbursing freely com
plImentary passes over the Santa Fe lines.
but he shows partiaIity, placing them In
the hands of the soliciting freight agents
andignoring the general agents, and this has
created jealousy on the part of the general
agents. who are inclined to take the matter
up. and let competitors of the Santa Fe
know what Is going on.
Suit has been begun in the United States
Circuit Court at Omaha, by the Kansas IL
Colorado Pacific railway, against the FitZ-
gerald & Mallory Company. for $4,000. 600.
The petition alleges that the defendants
~fraudulently obtained control of the road
and converted to their own use money sub
scrlbed by towns and counties In aid of the
road. They ask for an accounting and
that the contract giving the defendant
certain stocks and bonds be set aside.
The projectors of the new L0gansport d
Indianapolis road will. next week, go over
the line and ascertain what the townships
on the proposed line will do in the way of
subsidies. and also see how much can be
raised by private subscription. Those con-
nected with the enterprise would like TO
build the road and have it ready TO run
trains over before there is any bonded debt
placed upon it. In cases where this can be
done the bonds can be placed on much
more favorable terms.
First Vice-president McCrea, of the Penn
sylvania Company. has been pressed hard
of late from certain quarters 10 make o
uniform rate of 2 cents per mile for passen-
gers over the Pennsylvania lines west of
Pittsburg. This has led him to do some
close figuring. and he finds that it costs Go
haul q passenger one mile on the Pennsyl-
vania lines an average of 1 cent and 8 mills.
and he thinks 2 mills hardly margin enough
per mile. He says the company needs the
other cent for margin.
After considering the appointment of q
IT8I1c manager lot SDn1e elRnL OF ten weeks,
the st. Louis Traffic Commission yesterday
rendered the position to T.. N. OsgOod, Sec
rotary of the Southwestern Railway and
Steamship Association. Previous TO occu-
pying the latter position Mr.. Oscood was
chairman of the Western division of the
Western Freight Association, which posi-
ton he resigned when Mr.. Midgley was
made chairman of the entire association.
Mr.. Osgood will enter upon his duties at
once.
The financial situation with the Indian
apolis. Decatur II Western company does
not improve much with time, and it is
thought that the first mortgage bOndhold-
ers will succeed in worstinu tho second
mortgage bondholders. Should this be the
case the second mortgage bondholders will
wish they had accepted the offer of Nj. T..
ingalls,, about eighteen months ago. of O
million dollars for their interest in the
eighteen months ago it is worth more now
TO the second mortgage bondholders. and
this should spur them MP. says one of their
friends. to raise the money needed to sat
isfy the first mortgage bondholders.
In the northern part of the State new
railway enterprises arc earnestly encour-
aged. The Jay County Republican urges
tax D yers to vote for the new road which
it is proposed 10 build across that county,
and gives a report of the taxes paid by tho
two roads In the county in 1890: The q. X.
& /. railroad paid TO the treasurer of this
county 4. 259 "a. The company has paid in
twenty years over S40.000 TO the county. In
1850 the l.. K. IL w. railroad paid To the
treasurer of this county S3.59S.6 81, and tho
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