The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-05
AN UNFORTUNATE RAILWAY
Suit to Declare Valid Original Stock of
the Consolidated T., st. L. e. K. c.
Chicago Roads Doing q Big Freight Business
by Manipulating Rates Manager
McDoel Likely TO BE Promoted.

80 @NN Lhak
McDOel Likely TO BE Promoted.
There are still a large number Of persons
in New England who sunk thousands of
dollars in the Toledo. ST. Louis 81 Cincin-
natl and the Toledo. Delphos * st. Louis
roads, now consolidated as the Toledo, st.
Louis * Kansas City road. and these peo-
pie entertain q belief that there is some
thing in the property for them, despite the
several adverse decisions rendered by
Judge Gresham since tho road has been in
litigation. and they are watching with a
good deal of interest the suit against the
present company recently filed in Frank
fort, Clinton county, Indiana. where the
plaintiff charges fraud in the consolida-
tion, whereby the stock of the old
road was wiped out. The plaintiff
Is q son of Gen. j. NJ. Corse, who
was president of the company that built the
road. Besides the two corporations Col.
Robert u. 1ngersoll, s. X. Galloway. Otto
Gresham and C. n. Pratt are named as de-
PENDANTS The complaint asks that there
be n dissolution of the present T.. st. l.. IL
Il. z. company, and that the original stock
be declared valid. Ine suit Is the result of
discoveries made By the plaintiff in the
aswer hled by the railroad company IL 9TH
oA IA Il y "ulCA A . " pCnOluS q
fore the Supreme Cour of Indiana. The
Western company was formed by a consol-
1datloD in 1856, OF merged companies. one
of them being the Frankfort IL State
line road; others were the Frankfort, st.
Louis X Toledo. the Frankfort * Kokomo.
and the Toledo, Cincinnati ~ st. Louis.
These were all then consolidated with the
Toledo. Cincinnati 81 Delphos into the
present system. The litigation is looked
upon as being unfortunatefO for the company.
as it has just begun to do a business which
promises good results. but the company has
no money to spare outside of It's legitimate
needs In improvements to roadbed and
equipments.
Rumors Regarding w. II. McDoeI
A reporter of the Journal was yesterday
shown q letter from New York city, written
by n man well mp in railroad matters, in
which it was stated that the probabilities
were that w. III. McDoel. general manager
of the Louisville, New Albany & Chicago
road, would be gwen d much more impor-
tant position on In extensive Southern
system of roads. It is learned that on Fri
day last 1lr. McDoel received a telegra am
from Samuel Thomas. chairman of the
board of directors of the East Tennessee.
Virginia ~ Georgia and the Queen IL
Crescent roads. asking him to come at
once to Washington. ID. c., prepared
to accompany Chairman Thomas over
the systems above named on an inspec-
ton trip. and the party are now, with 9th
ers, going over the lines. The letter al
luded to IN the first part of this statement
said that Mr.. Thomas held Mr.. McDOel in
high esteem as q railroad man, and If his
health would admit his future was q very
promising one. As matters are now NOV
ing, the l.. n. A az L. Is likely to become q
more important road with the Thomas
Brice syndicate taking more complete con-
troll of the l.. l., V. ~ O.. and the q. IL L.
roads, which. il is stated. they are to do,
as the L., n. A. 81 G.. will be made the Chi
cage line for the Southeastern system of
roads above named. Such a step was about
to be taken when the revolution in the
affairs of the T.. T., V. d. q. and the q. az
g. took place which placed Samuel FELTON,
ut the head of these roads as president and
general manager.
Rates Manipulated at Chicago.
East-bound shipments of freight from
Chicago increased very materially in
volume last week, exceeding those of the
previous one by nearly 90. ZOO tons. They
amounted TO 90. 913 tons. against 73. 75S for
the preceding week and 1864 for the cor
responding period last year. Under present
conditions this increase only strengthened
the opinion that east-bound rates are being
manipulated. especially as the weak lines
seem 10 be getting the lions share of the
business. The Chicago & Erie led the list
with 10 less than l6,0l2 TONS, followed
by the Chicago Il Grand Trunk. with A.
512 tons The latter road, however. is just
now enjoying q season OF great popularity
with shippers. and is able TO exhibit a big
tonnage record without subjeoting itself to
suspicion of cutting rates. This is not the
case with the Erie and the Wabash, which
continue TO outrank some of the leading
lines without Any apparent reason there
for.
Through shipments of flour, grain and
provisions from Chicago TO the sea-board
by the lines In tho Central Traffic Associa-
tion aggregated 45.44 tons. against 81, 739
for the preceding week. an increase OF
TICS tons. and against IS los for the CORE
1915 tons. The Vanderbilt lines carried 81
per cent. of the traffic. the PennsJlvania
lines IA. the Chicago & Grand Trunk %
and the b. * o. Z per cent.
Personal. Local and General Notes.
The official reports show that on Friday
last /. 100 loaded cars were handled on the
Louisville. New Albany ~ Chicago road.
The official report shows that on Satur-
day last. April Z. there were handled on the
Big Four system 20,077 paying passengers.
A. III. Palmerton, late superintendent OF
the Peoria ~ Eastern road. has gone to
South America TO accept % railroad posi-
ton.
II. L. Moore has been appointed general
agent of the Louisville. New Albany ~
Chicago. to represent its interests at St
Paul and Minneapolis.
Clara McVey has been appointed agent
of the Peoria X Eastern at Hillsboro, vice
G.. C. Little. ~Ees'gned. There are now three
ladies tillins me position of agent on this
system.
1t is stated that George w. Saul. late
president of the Chicago " Eastern Illi-
nois road. has accepted the position of
president of the Chicago Railway Transfer
Company.
The employees in the Pennsylvania shops
ut Fort Wayne have three very prosperous
building and loan associations. One Is
nearing its close after an unusually pros
porous career.
L. r. Keller. of the purchasing agents
department OF the Big Four. goes TO Chi
cago to take the position of chief clerk of
y. j. Rogers. superintendent of machinery
of the, worlds fair.
Western lines have adopted the cut-rates
of the Chicago and Ohio River Association