The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-16
GOULD'S PLANS FRUSTRATED
Joint Agency Scheme Quietly Shelved
By Managers OF Leading Railways.
Afraid the "Wizard" Would Manipulate the
Agencies in the Interest Of His 0wn Lines
New Roads That Nay Soon Be Built

association absented themselves Jay
Gould and his right bower. Mr.. Sidney
Dillon. were among the missing. The fact
is that things went wrong with Mr..
Gould at yesterdays meeting. and he left
the hotel last night greatly
disappointed man. The postponement
of the JOINT agency plan. the adoption of
which was earnestly advocated by Messrs
Gould and Dillon was unexpected and the
subsequent decision regarding the appeal
of the Missouri Pacific on the Hutchinson
salt traffic was o virtual defeat for the
triumvirate who represent the Gould in
teresta While rehearing Of the case was
allowed, it is said the decision will prob
ably be adhered to and the road will
be compelled TO comply with the decision
until the matter has been finally decided.
Mr.. Gould Is said to be IN very delicate
state of health. and it Is said he has left
New York. His residence was wide open
Tuesday, and yesterday was apparently
deserted, the shutters being fastened up
and the house not open for visitors The
appearance of Chauneey III. Depew at the
Windsor occasloned some comment, but it
was supposed that he had come on bnsI-
ness pertaining TO the Vanderbilt lines and
their Western connections. It seems, how
ever that he only came to meet his friend.
him yesterday on the Majestic.
The advisory board held but one session
and adjourned early In the afternoon until
October. when the next meeting, wall be
held in Chicago. The question of traffic on
the Indiana, Illinois * Iowa line from the
Missouri river was discussed; 1t was
claimed that the three FPS" bad
more than it's share of business of the
small roads not in the association. but which
form connecting lines The question was
referred to the full board of commissioners
TO arrange the matter IN accordance with
the rules of the association. The commits
sioners are to report at the october meet
ing. The board adopted u resolution TO the
effect that certain export grain traffic from
Kansas and Superior Nsb., by way of the
Atchison, Topeka a. Santa Fe road. to Gal
weston, wassubiect to the association agree
ment.
The fact that nothing was accomplished
at the meeting of the advisory board of the
Western Traffic Association caused no sur
prise in railroad circles at Chicago. The
presidents agreement is still looked upon
as q makeshift to tide over q crisis in rail-
road affairs, aud now that the crisis Is sup
posed to be virtually passed IL is believed
that the organization Will be permitted to
gradually sink out of sight. lt Is said that
the disposition made of Jay GOulds pet
scheme for the establishment of joint sgen-
cies was premeditated. Those who were
opposed to the scheme did not want to an
tagOnize Gould openly, and so hit upon
tion of 1t. from time to time. and thus
defeating the project without killing it
suddenly. No doubt the secret of this Op-
position is distrust of any thing proposed by
Gould. The recent rate-cut.ing perform
ances of the Missouri Pacific has apparent
ly convinced the managers OF other West
ern roads that Gould is looking after
Gould's interests exclusively. and they arc
prepared To believe that. If joint agencies
were established, the Wizard would find
M. To- rfrl lat haf
interests would be taken care of at the cost
of those of any or all the other roads that
might be in the way. Another reason given
by many railroad men for predicting the
early downfall OF the Western Traffic Assoc
citation is the failure of every effort to bring
the Chicago N Alton, the Chicago. ST.
Paul& Kansas City and other important
roads into the combine.
Railways which VIII Probably BE Built.
Indications are that three important
roads viii be built In the near future. One
is the Losansport IL Indianapolis. Parties
have now taken hold of the project who
can command money if they demonstrate
to capitalists that the road will be q pay
ing one as an investment, and it is believed
this will be shown. as it can be built at q
minimum cost so light are the cuts and
fills and so few streams are there to cross
Another is the Wabash 81 Erie Canal road,
better known as the Tow-path road. At a
small cost per mile. comparatively speak
ing. this road could be built from Wabash,
via Loganspcrt, to Lafayette. Several
times S. indicates have been formed to build
this road. but when they came down TO
business there was no money behind the
scheme, and lt was proposed TO borrow II
ali. Now, &c is stated that certain capital
lists have become interested in it. and the
probabilities are that something may come
OF the movement. In this connection. the
following clipping from the Logansport
Pharos of Tuesday Is of interest:
The road-bed of the old Wabash K Erie canal,
from Wabash 70 Logansport, has been gone over
asain By Civil Engineer j. A. Phillips. with the
view OF giving an estimate of the cost of the
construction of railroad thereon. The Ell
gineer, In an Interview, says he does not know
who viii build the road. but thinks II Will be the
Vanderbilt system. "a this syndicate owns nifty
miles of the tow-path. There has been so mach
talk about the building OF this road that nobody
takes any stock in 1t. and in this day and age.
when people are told "to believe nothing that
they hear and half they see." it is almost im-
possible 10 find any one who takes enough inter-
est In Ii 10 talk about it.
The third important line is the Toledo &
Chicago r-line. better known as the
George Hadley project: This project has
not been on hand long as the two first
named. but such an earnest effort has been
made twice to buIId IL that many have be-
como doubtful as To its ever being built;
yet what has transpired in the last week is
strong evidence that the projectors are in
earnest. and If they can command the
money. which they say they can. the road
will be built. The project of the Wabash
building an independent line from Detroit
to Chicago will likely go over until next
year. IL the prospects of the Wabash
making as good earnings in 1892 in 1891
are favorable. the London capitalists will
favor building such q read.
Important Freight-Traffic Decisions.
The freight department of the Central
Traffic Association closed ITS meeting yes
terday. The question of establishing a
plan for legal division of competitive
traffic, OF. in other words. forming a blind
pool. was discussed at considerable length.
but was.iually referred 10 the managers of
the interested lines for consideration and
action. Correspondence relating TO meet
ing to be held IN Memphis to-day, with n
view 10 advancing the rates on cotton. was
read. and resolutions were passed indorsing
the objects of the meeting and pledgi the
cooperation of .hs lines in the Central
.IFatiic Association in any action that may
be taken looking To the adv ancement and
maintenance of cotton rates from Missis-
sippi valley territory. Anumber of applica-
tiOns for reduced rates OIL OIL were ST omitted.
but none contained arguments strong
enough 20 convince the traffic managers
thai there Was any necessity for change
y the published tariffs. The question of
.stes on oil from Findlay. o.. to Colum bus
and Toledo. together with various other
questions pertaining 20 oil rates. was re-
feFred Ia n mPafIup Of fhe oil cOmmlffae