The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-09-22

Thomas. president. IN his report, says:
The annexed report of the general manager
gives in cetail the operations of your road dur
ing the year ending June 80, 1892:
The gross earnings Observation-Disclosures
Operating expenses and taxes. 2,1l4,94s.23
Net arnings. sgo7. 15e.4s
The payments from net earnings were:
Interest and 931 PASS
. OBSERVATION-DISCLOSURES" Soo.3I4.ol
The ratio OF operating expenses and taxes was
1886 per cent The gross earnings per miie
were $5,794.l7. The increase OF gross earnings
for the year. as compared with the correspond
ing period, amounted TO $346,7o9.54. On Nov.
8, 1891, the stockholders authorized an increase
I'm the capital stock OF 50. 100000, making the
total share capital L 2.OO0.0O0. The mainten-
branch roads. namely, the Bedford X Bloomfield
and the Orleans. West Baden ~ French Lick
Bprings railroads, entails considerable amount
Of trouble and expense without any com
pensating advantage, and in the near future an
effort will be made to unite them legally with the
parent corporation, or which they now eonstl-
tute an integral part. The earnings and mile
age OF the branch lines are included in the re-
port. The steady growth In the volume OF busi-
ness or your company is gratifying. The man
agement of your company believe that its posi-
ton and credit is also sufficiently restored from
the generalization In which IL was committed TO
their charge to Justify a confident belief that the
company will be henceforth In position TO pro,
vide the requisite facilities for the demands OF
business as they may arise.
At the meeting yesterday q resolution
was submitted To classify the directors
terms of service into periods extending
through four years. and was adopted. lt Is
believed that the guarantee thereby given
of permanence of management and con-
tlnuity of policy will add materially to
the credit and character enjoyed by the
corporation.
The report of General Manager McDoel
shows that the company owns 5lOr1 miles
of main track and operates 81 miles under
contract, making q total OF 5o7 mules OF
main line. The passenger earnings for the
year we're 500. 529.S1; freight earnings. g."
swelled the total to So. liz, IO7.72 The net
earnings were S997. 159. ~, and the fixed
charges paid were 1851, PAS There was
purchased during the year 1907 tons of
first quality and Isl tons of second quality
67-pound peryard steel rail. Thirty-one and
nine-tenths miles of this rail has been laid:
$50 miles Of additional side-track have
been laid during the year, making q total
of 109.30 miles of permanent side
have been ballasted with gravel and
one mile with rock. All wooden truss
bridges between Chicago and Indianapolis
have been replaced by iron structures.
Five hundred lineal feet of trestle bridges
have been entirely rebuilt since June 80,
1891. ALI other trestle bridges have re-
ceivec general repairs Preparations are
now being made for the renewal of all
trestle bridges between Bedford and switz
AAE OI y c4s 4oO@s -
now fenced, except o part of the line be-
tween Bedford and Swift City.
Mr.. McDoel saysthe equipmentisnearer to
FIRST class standard than ever before. Dur
Ing the year six hundred box oars and five
hundred fiat cars were purchased, and five
heavy, consolidated freight engines and
pne passenger engine. The company now
has eighty-one good engines. Regarding
the new shops az Lafayette Mr.. McDoe
rays: this new location for the shops
will be of great advantage to the company.
rs it 10 practically the center Of the ystem,
md Will enable Nc to do more work at less
expense than We can with our present
facilities. The present main shops are
located at New Albany, which, being at
ene end of the road, necessitates the haul
Ing OF all equipment needing repairs to
that place, often from points far distant
on the line. This change will also enable
rs to remodel our Lafaye cite yard. which is
now much too small to accommodate our
traffic"
In closing his report he says: "Notwith-
standing our inability TO furnish cars for
all traffic offered for transportation, the
strike of Indiana coal miners during No.
vember q December, and the decrease of
fully 80 per cent. In tonnage between Chi
cago and points south of the Ohio river.
during the period of July to December,
1851, as compared with the same period of
the previous year. we were enabled to in
crease our gross earnings 1916. 7S9.54, or
10. 70 per cent"
INC bLOCk-uOlucTS cicctcO Us ulEoCtOTo luz
the respective terms of years: Samuel
Thomas, John G~reenough. CALVIN :. Brice.
John g. Moore. four years; W.. II. McDoei.
Gilbert b. Shaw, T.. Weidenfeld, three
years; III. III. Campbell. L. X. Sibley, Frank
X. Lawrence, two years; James H.. Gran
Miss. Eugene ID. Hawkins, N. Willis Bum
stead, one year. John b. Hughes and +.
X. Sturgls. of the old board. were dropped.
and n. Willis Bumstead. John q. Moore
substituted.
Personal, Local aud General Notes.
d. I. Martin. general passenger agent of the
Big -Four lines, Is expected IN the CITY to-day.
H.J. Mace to-day takes the agency OF the Pc
pria d Eastern road at Mace, vice j. W. Lemon.
resigned.
The opinion prevails with passenger men that
the $3.50 passenger rate between Indianapolis
and Chicago has come to stay.
The Wabash road earned in the second week OF
September $3l6,400. an increase over the CORE
spending week OF 1891 OF $7.24O.
G. A. Rodney, agent OF the vandalia at this
point. has been lying dangerously Ill for some
lays, the result OF a painful surgical operation.
The Pennsylvania Company has reinstated the
telegraph operators at Toledo who were dis
Or Railroad Telegraphers.
Surveys have been made and stakes set for the
construction of the now yards of the I. H. * l.
at Terre Haute, near the fair grounds. Several
miles OF side-track will be laid.
General Manager Peirce, of the Indianapolis,
Decatur * Western, looks for The largest earn
ings this month In the history Of the road, both
freight and passenger business having been good.
The Big Four has put an interlocking switch
and signal In operation at sheldon, on the Chi
cago division WEST, and will, on Sunday, put
one in operation at Paris, on the st. Louis divis-
ion.
General Manager Ramsey. of the Big Four,
spent yesterday In the city looking over mat
ters.. The new depot improvements are not
moving along as briskly as the management
would like to have them.
General Superintendent Peck. of the Big Four
lines, says the volume OF local traffic movement
Oh the system Is remarkable. exceeding that OF
the corresponding period IN 1892 fully one thou
sand cars o day, and through business is also
very heavy.
The hospital for employees on the Delaware,
Lackawanna & Western road has been opened.
This institution was founded on 100000 given
oy the late Moses Taylor. who was at one time
president OF the road. Since his death one OF
his sons and one OF his daughters each have given
800. 900 TO the institution.
Telegraph operators of the several lines in the
Mackey system have appointed q committee
from each road TO wait on the management and
ask for an increase in pay. The advance asked
and an attempt is TO be made TO bring about an
advance through arbitration
The annual report of the grand secretary Of
the Brotherhood OF Locomotive Firemen shows
that there are now 1885, members in the or
Ranization. The disbursements from the bene-
ficiary fund the last year amounted 10 1893. $50,
and since the association was organized, In July,
1850. there have been disbursed in benefits 81,
274.5O2.
It Is stated that the telegraph operators on the
Big Four lines will ask for an increase In pay. In
most branches OF railroad service the Big -Four
pays as good wages as any road in tho country.
but Is said TO pay lower wages 10 operators than
eOme pOOrer -Oads. The TOledo. 81. Louis a IAN