The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-27
AFFAIRS OF THE RAILWAYS
Despite Cut Rates the Pennsylvania In
creased Its Earnings in July.
Operating Expenses. However. We're Large
New Equipment for the Chesapeake & Ohio
An Unsatisfactory Dtcsion.


penses, and as result decreased net earn
ings. The statement is as follows, the COM
parsons being with July. 1891:
A decrease in gross earnings of-......-.$10i.l10
An increase in expenses of,----- 2s0,so7
decrease IN net earnings Of.-.-...--.-. 3Sf,9l7
The seven months of 1892. as compared with
The same period or 1891, show:
An increase IN gross earnings OFF,. 81 1881
An increase in expenses of -----. 1,65l ,495
decrease in net earnings of......... $4,000
All lines west OF Pittsburg and Erie for July
1892, as compared with the same month In 1891,
show:
A decrease in gross earnings Of .$156,s1I
An increase In expenses of.-----.--.-.-- 154,679
decrease in net earnings of.---..-.-.-e 3ll 400
The seven months of 1892. as compared with
the same period of 1891. show:
An increase in gross earnings of-----.S ,271 .9s3
An increase in expenses Of-----..---.- 2,2S9 ,961
decrease IN net earnings of---------e 1873
Chesapeake & Ohio improvements
Notwithstanding the fact that SO, 701, 924
were expended on the Chesapeake d Ohio
road in the year ending June 80 in i'm.
proving the road-bed and increasing its
equipment, President Ingalls, has by no
means carried out his plans regarding the
road. The last ten days he has been in
specting the property and comforting with
officials of the different departments TO as
certain their views as regards improve
nents. As result of these conferences.
steps have already been taken to increase
The facilities at Newport News so per
cent. Twenty new engines have been
contracted tor, and large quantity of new
steel rail for doubling more of its track.
and q number of iron bridges
Will be contracted for in
short time. In the current year
the company will operate 1.192 miles of it's
OWN. 105 miles of trackage rights and six
Teen miles OF water line. With the forty
locomotives received in tho last Gig ht
months the road has 500 locomotives, 1914
passenger cars aud 1900 freight cars. The
freight cars will be increased 1000 this
year. The fixed chargesfor 1898, includ-
Ing bonds for preferred stock aud author
lied for construction, will be S2.SS0.C66.
The policy of bringing the existing road
bed and equipment to modern standards
and conditions, and charging the cost as
part of the operating expenses is TO be con-
tinued. President ingalls, expects that1t
will be some years before theroad- bed and
Its equipment Will be what he desires. but
the rapid strides made In this direction the
last eighteen months have placed the prop
erty in condition equal TO that Of Others
OF the trunk lines that have been in opera
tion two score years.
What President Mcleod Says
In speaking of the effects of Chancellor
McGilps decision upon the Reading rail-
road deal. President Mcleod said last
evening" The decision will have as much
effect as If the injunction was directed
against the Sioux Indians. 1t will, of
sourse, if not disturbed by higher
eourt. involve some changes In forms
Of operation, such as in methods of
keeping accounts, and in the personnel
Of the officials. As TO its bearing in actual
results it will have none. Tho friends of
the Reading company own controlling
interest In the Central Railroad of New
Jersey. and as owners of the property no
legal decision can disturb them in their
rights Moreover, the deal in the Jersey
Central territory is controlled by the Phil
Rdeiphia d Reading railroad. through
the Coal and Iron Company. The Coal
and Iron Company, as the. owners of
this coal. can direct as much of IL, or
as little of it to the Jersey Central tracks
as it sees fit. You see these facts show
about how absolute and complete is the
Reading control of the Jersey Central and
the coal situation: At the time the lease
was made there was an argument for an
alternate contract which will accomplish
The same results as the lease contempla ted.
guess Mr.. Maxwell can act as president of
the Central as we'll as can if it becomes
necessary. OF course we will appeal from
A Decision That Meets with Criticism.
Chairman Walker, on behalf of the COM
missioners of the Western Traffic Associa-
ton, handed down decision yesterday
which is calling out considerable adverse
criticism from the parties interested. 1t is
in regard to aprop0sed revision of the rates
aud divisions on pig and manufactured
iron from the Birmingham and Chattanooga
DISTRICTS to Colorado and Utah common
points. These rates are made MP on a spe-
clal basis, which produces q lower rate
than would be made by the employment
OF the usual method of constructing
rates TO such points east of the Mississippi.
1t appears in its inception that the method
adopting the rates was Influenced by COM
petition through Memphis via Fort Worth.
This factor no longer exists. and the rates
In question are complained OF as being ab-
normally and unreasonably low, and as
having the effect of compelling lines west of
ST. Louis TO accept an unreasOnably small
proportion of the through rate. After re-
view of the situation the Commissioners
concludes that it would not be expedient
at the present time TO attempt to force upon
an unwilling outside line the adoption of
the reform desired.
The Alton Hurt by Competition.
Some Of the competitors of the Chicago
~ AAtoh oAc 0ASpccc0 w Aoukh oo shos Aoao
on account of the sudden interest dis
played in the condition of freight rates. 1t
was at the instance of the Alton that Chair
man Midgley called a meeting for Sept. 4,
on the representation that certain roads
were manipulating rates. traffic official
of one of the lines says: "A
short time ago all the south
western Missouri river roads were
parties to an agreement for a division of
competitive tralfic. lt worked very we'll
until the advisory board ordered the Alton
to turn over to one of its competitors a GER
tain portion of It's freight In order to equal
ize the traffic. The Alton refused To obey
the order. and the agreement W as dissolved.
Since that time every road has been look
ing out for it's own interests and the Alton
has not Jared SO we'll"
Personal, Local and General Notes
ID. w. Rider. general superintendent of
the Jacksonville Southeastern road. yes
terdsy rendered his resignation, to take eff
feet Sept. !.
George Bender, superintendent of the
Chicago division of the Big Four. will re-
turn with his family to-day from q two
weeks vacation trip.
Hon. Thomas Wilson, of Winona, hai
been appointed general solicitor of the
Omaha road at st. Paul, TO succeed Colone
Howe. who Is q confirmed invalid.
John Trindle. passenger conductor or
the Vandalia. who has been In the North.
west for month resting. returned yester