The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-06-02
THE ca H. V. NOT FOR SALE
President Waite Says His Railroad Is
Not on the Market at Present.
Nr. Ingalls, Would Like TO Buy, but Its Owners
Are Satisfied with the Earnings
Balioting for q Chairman.

Are Satisfied with the Earnings
Balioting for q Chairman.
G. C. Waite, president and general man
ager of the Columbus IL Hooking Valley
road, and several others of the Official staff
are In the city, being interested in the suit
pending against the road on an old car con-
tract. Mr.. Waite, in conversation last
evening, said that the rumored negotia-
tions looking TO the Big Four securing con-
troll of the Columbus X Hooking Valley
road begun and ended with the newspapers.
He presumed that Mr.. ingalls, or the presi-
dents of a number of other roads. who
were surprised at the earnings of the prop
erty the last eighteen months. would
gladly take the road if they could get 1t
on their terms. but the syndicate now con-
trolling the property were so well satisfied
that the road had a bright future that they
were not anxious to sell. as had been init
mated by some of the papers. This great
increase IN earnings was In some measure
due TO his efforts, but more TO the class of
men he had associated with him in the
different departments. The road-bed has
been improved and the equipment greatly
Increased. all of which tended to increase
the earnings. the limit of which,. he
thought, had by no means yet been
reached. This year the company was pur-
chasing more freight cars. having recei we'd
in the last sixty days three hundred coal
cars. and a good deal of money had been
spent in purchasing passenger equipment,
q branch OF service which had been neg
lected. but which now was incre asing re-
markably. He had no idea that there would
be any change IN the control of the proper
ty for some time to como. When asked
what the Cincinnati. Hamilton 81 Day ton
was going to do with the money raised on
the new bonds and stock, Mr. Waite said:
81 wish yor would tell me; / am q st Ock-
holder. and would really like to know my
self" He thought 1t was true that II. 5.
Ives had secured control of the Ohio South
ern road. for Ives had been making some
remarkably successful deals of late. His
impression is that it is the Flint 81 Pere
Marquette company, If any, which is to
build o new road between Detroit and To-
ledo.
Trying to Elect a Chairman.
The Western Passenger Association was
In session all yesterday at Chicago trying
to elect a chairman. There had been no
caucusing or informal vote In advance of
the meeting and consequently the MEMBERS
assembled without much knowledge of one
snother's preferences. When the first pal
lot WAS counted it showed that about a
dozen different men had been voted for.
As q unanimous vote is necessary to elect,
the outlook for an early settlement of the
question was regarded as anything but en-
eouraaing. Twenty-three ballots wer
taken at the morning session. The last
pne showed fourteen votes for Geo. w.
Ristine. late manager OF the Erie Dispatch.
and four for John Faithorn. the present
chairman of the South western Railway
And Steamship Association. At the after
noon session twenty ballots were taken.
and then, as there seemed to be no i'm
mediate prospect of an election. an adj
journment was taken until this after
noon. On the last ba Hot seven votes were
cast for Ristine and IL for buchanan. gen.
eral passenger agent of the Sioux City n
Pacific road. Buchanan WAS the only pas
senger mar who received any considerable
number of votes. He is very popular, and
there are those who think he will yet be
elected. On the other hand. not o few are
of the opinion that the final choice Will be
between George w. Ristine and j. n.
Faithorn, and that the one who is defeated
will simply be reserved for the chairman
ship of the TransmissOuri Association.
Both are more familiar with freight than
with passenger affairs, but they are ex-
perienced commissioners. and that is the
strongest argument in their favor. 1t was
suggested that the duties of the office be
turned over to Chairman Walker, OF the
Western Traffic Association. but it was
soon apparent that some of the roads were
unalterably opposed to such an arrange
ment, and it is not likely that the PROPOSE
tion will be renewed.
@
Acquires the c., j. s. M. Only.
President Woodford. of the Cincinnati.
Hamilton q Dayton lines. is in New York.
and yesterday. in speaking of the report of
the lease of the Cincinnati, Lebanon d
Northern railway. which runs from Gin
cinDati TO Dodds, by the Cincinnati. Jack
son ~ MackInaw road. both TO be subject
90 ~ aDtr &c 1ha Hamilton
a DAYTON. President Woodford. of the lat
ter road, said: 1T Is true that We will
take control of the Cincinnati. Jackson
" Mackinaw road. The mortgagers
were about to foreclose and the
management asked US to make a dea j.
which We will make. subject, of
course. to the ratification of the
directors and stockholders. A union of the
Cincinnati. Jackson n Macklnaw and the
Cincinnati ii, Lebanon ~ Northern railro ads
do not think possible; at least IL IS not
practicable. and / have not heard of such n
deal. While We have made arrange ments
to take the Cincinnati. Jackson N Macki-
nav, we have entered into no agreement
to take the ether" President Woodford
also said that, while there had been @ re-
cent issue of stocks and bonds of the Gin
cinnati. Hamilton Il Dayton for the Dnr-
pose of improvements. there would be no
arrangement tor the extension of the line
from Toledo to Detroit.
The Atlantic Il Pacific Survey.
The engineer for the Atlantic d Pacific
railroad commenced the survey through the
State of Ohio. yesterday morning. on the
Ohio and Indiana State line. at the point
where Williams and Defiance counties
moe1 This will be an air line passing
through OF touching the towns of Napo-
leon. Bowling Green, Fremont and Warren.
and on through the coal fields of Pennsyl-
vania TO New York. and when completed
will be q doubIe-track road across the con-
rlnent from New York to San Francisco.
Personal, Local and General Notes.
The Barney Smith Car works Company
yesterday became u stock company. capital
lied at e.. 500. 900.
G.. +. krebs has been appointed auditor
of the Ohio Valley road. with headquar-
tiers at Evansville, Ind.
L. NJ. Woodbury.. private secretary of Su-
perintendent Riley. of the Peoria X East
ern road, has gone to Union City 10 attend
the alumni. His wife accompanied him
j. IL. Ridepour. the oldest engineer in
service OIL the Baltimore Il Ohio system,
died on Sunday Inst at Grafton. w. Va. He
was prominent In the Brotherhood of En-
gineers.
Indianapolis Division. No.. IL. of the
Brotherhood of Locomotive Engineers is
growing very rapidly of late. and now has
e3 members. six new ones having been
faEan in ON SnnHau Inst