The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-11
McDoel Will Remain with the Monou.

McD0el Will Remain with the MOnOn.
w. H. McDoel. general manager of the
Louisville, New Albany 81 Chicago. re-
turned on Saturday from q ten days trip
with Samuel Thomas and others interested
In the East Tennessee, Virginia & Georgia
and the Queen 81 Crescent Good author.
ity says that he does not deny that did he
choose TO accept position on the South
ern lines. one Is open to him. but his
preference now is to remain with the
Monon. which, under his management is
making such a forward movement the
earnings of the road far exceeding those of
any former period. and promising to be
still further increased through favorable
traffic alliances entered into during Man
ager McDoePs trip over the Southern lines.
The L., N. A. a. G. is to be made the Chica-
go outlet for the East Tennessee, Virginia
d Georgia. Mr.. McDOel has been given
free scope to increase the equipment of the
L.. n. A. q G. to the extent he thinks wise
preparatory to taking care of the business
which 10 to come through this alliance
with Southern roads. which will affect the
passenger as we'll as the freight business.
On the 18th of this month the Monon will
receive the rirst Of six heavy engines al
ready under contract. and probably ten
more will be contracted for. and the
freight equipment is to be in
creased proportionately. Anumber of con-
struction trains will be put on this morn
ing, two on the Indianapolis division. and
the twenty five miles on this division not
yet ballasted will be improved within forty
days; large amount of new steel rail is
to be purchased to place in the track of the
main line, where the rail is light. Mr.. Nc
DOel is very confident that the new rela-
tons with the Southern roads Will largely
increase the business of the Monon. Sam
uei Thomas, chairman of the boards Of the
Southern lines. when shown an article in
the Journal intimating that Mr.. McDoel
would be given more important position
than he now holds on the Southern lines.
said: The directors highly appreciate the
ability of Mr.. McDoel, and would gladly
carry ont the programme given in the Jour
nal, but Mr.. McDoePs preferences are,
seemingly. to remain where he now is, let
ting time decide whether it would DO wise
for him to enter a larger field of service"
c., III. s. d. Increasing Its Liabilities
Much of the time during the last sixty
days w. d. Woodford. president, Eugene
Zimmerman. vice president. and c. W.
Fairbanks. general solicitor of the CIncin-
patti. Hamilton & Dayton. have been in
New York figuring on some plan to raise
money to improve the c.. H. s. ID. system,
more especially its new acquisitions the
Dayton. Fort Wayne. the Dayt ton & Ironton
being of the number. A good deal of new
equipment is needed for the c., Ii. & d.
main line, and it is believed they wish to
secure control of other roads which have
been offered them on favorable terms. 1t
is stated that the capital stock. now a. 000.-
600, is to be doubled and S. 900 900 addi-
tiOnal of new bonds issued. The company's
bond debt. including that of the Cincin-
natl. Hamilton 81 indianapolis. ia now
ha OF tadt rafn
stock amounts to Sl.553.6O0 which
will be doubtless taken up with portion
of the money realized from the new
issue of stock and bonds The c., II. II ID.
system now consists of the following roads:
Owns from Cincinnati. o.. to Dayton. o.,
60 miles; leases Dayton d Michigan. Day
ton TO Toledo. 142 miles and Cincinnati.
Dayto n lronton. Dayton TO IrontOn. les
miles Controls Cincinnati. Hamilton d
Indianapolis. Hamilton to Indianapolis. 90
miles: Cincinnati 4 Dayton. Hamilton to
Middletown. IA miles: Cincinnati, Dayton
II Chicago. Dayton to Delphos. So miles;
Troy II Piqua. miles; Columbus. Findlay
* Northern. Deshler TO Findlay, Is miles.
bowling Green railroad. Tontocany to
North Baltimore 81 miles. Total G23 miles.
Owns jointly with Big Four the Day ton ~
Union. lt Ia stated further that the c.. II.
q d. has perfected the lease by which the
Cincnna ii. Jackson ~ Mackinaw comes
under its control the g., Ii. u II. guarantee
ing the interest on it's new four-per- cent.
bonds.
Peraonni, Local and General Notes.
The summer schedule with the Pennsyl-
vania lines will probably go into effect the
last Sunday in April.
f. F. Burnett has been appointed Eastern
passen ger agent of the Santa Fee lines. with
headquarters ar New York.
III. II. Derng. assistant general passe ger
agent of the Pennsylvania lines. started
last evening on an extended Southern trip
on official business.
The Big Four has increased is order for
new coaches with Barney :. Smith fifteen.
making thirty in all. beside the new din
ming cars. two of which VIII DO run be-