The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-05-11
AFFAIRS OF THE RAILWAYS
Several Important Questions Acted On
by the Western Traffic Association.
Decision Against the 4tchison-Huntington's
Explanation Concerning Sugar Rates Ac-
cepted-Plenty of Money for Railroads.

The Western Traffic Association met at
New York yesterday. There was full re-
presentation Of the railroads belonRing to
the association. When the meeting took q
recess for luncheon. Chairman Miller said:
The question of q reduction in second
class passenger rates to the Pacific coast
was the important topic of discussion In
the morning. The Atchison, Topeka q
Santa Fe had appealed from the
decision of the commissioners refusing
them permission TO make the reduced rates
TO meet the alleged payment of excessive
commissions. We have decided to sustain
the action OF the commissioners. and the
appeal of the Atchison has been dis
missed" The meeting adjourned at $50
p. N. until this morning at 10 O'clock.
During the afternoon the matter of the
complaint against the Chicago. Burlington
d. Quincy on through rates On wool came
up on appeal By the Burlington. A mo-
tion to reverse the decision of the commits
sioners was lost. so that the decision OF
the commissioners that the Burlington vi
olated the agreement stands. The matter
of the appeal from the decision of
the commissioners as to the joint sugar
tariff on the Southern Pacific, the
n
Topeka 81 Santa Fe came up. and Mr.
Stubs read the explanation In Justification
by Mr.. Huntington of the action OF the
Southern Pacific in the matter. 1t was re-
solved that the statement made by Mr..
Huntington should be accepted as salts
factory and conclusive. This action dis
poses, also, of the Atlantic IL Pacific and
the Atchison. Topeka 81 Santa Ee COM
plants. Mr.. Huntington's explanation
was that there was no tariff on sugar for
that route and that his traffic manager had
TO make one.
The subject of undue diversion of traffic
by way of Beardstown and Chaplin was dis
cussed at length upon the report of the
commissioners At the request of j. n. A.
Griswold, representing the Burlington
company, against which the complaint
was principally made. the matter was post
poned until the next meeting owing to the
absence of President Perkins, of the Chi
csgo, Burlington IL Quincy. The board.
by unanimous vote, excepted from the
jurisdiction of the Western Traffic Assccl-
alton, Texas. Arkansas and Mexico traffic.
and the Indian Territory, about which
there has, heretofore, been some question
as to whether the association had jurisdic'
tlon or not.
Money for Railroads Which Promise Well.
So many new railway enterprises are
coming to the front in this and adjoining
States that the question of where the
from has become of interest. A financier.
who has been more or less identified with
railway interests. has just returned from o
ten days stay in New York and Boston,
where most of the money to build roads is
furnished. and. in conversation yesterday,
stated that money is plenty in the East for
railway enterprises which promise well,
but it Is not easily secured unless
some syndicate known to have prospered
In the past with investments indorses such
enterprise. Said he: The indorsement of
Calvin BrIce. Samuel Thomas. NJ. T.. In
gals, George Il. Roberts. the Maxwell
Brothers or Austin Corbin will go a long way
with mOneyed men in inducing them to buy
bonds OF new enterprises; yet II Is notice.
able that money lenders prefer to put their
money where extensions of lines are al
ready in operation and dong well-securi-
ties like those of the Big Four or any sys-
tenn of roads in which the Vanderbilts have
an interest, which lnsures that IL bad
year is struck interest on the bonds will be
forthcoming from some source. Then. a
new line, like the Wabash detroit a. Chi
cagol Short-line finds but little trouble in
raising money on the securities offered.
The Cincinnati. Hamilton az Dayton
would have no trouble in raising money.
because IL has great property TO build on.
Another class of roads is like that of the
Indianapolis. Logansport d Chicago. In
vestors well understand that eventually
the road will fall into strong hands, doubt
less the Pennsylvania Company, which is
o great AID in placing the securities. The
only roads which receive no attention are
those to be built to parallel already exist
ing roads. where il will be a generation be-
fore they will become self-supporting. nm
less, like the West Shore and the Nickel
plate. a strong company buys them TO get
them out OF the way as competitors. The
feeling is generally in favor of the strong
Ina hnu frerr int hQ do WI a n IN
turb rates and are burdens on the owners,
as some which might be named in Indiana
and Illinois are"
Personal, Local and General Notes.
II. G. Parker. traffic manager Of the Lake
Erie & Western, Is in Chicago attending q
meeting of the Central Traffic Association.
The L., n. A. * c. has closed the contract
20 transport over eleven hundred carloads
of cattle from the brewerles OF central
Kentucky to Chicago.
Under the new schedule of the Big -Four
the Sandusky division is to be well looked
after. three solid passenger trains TO be run
IN both directions daily.
The night express train from Cincinnati
TO st. Louis. over the Big Four. will. on
reaching Indianapolis, take on q loca
sleeping coach for St Louis.
Twohundred section men employed on the
st. Louis & Chicago division of the Wabast
are out on a strike. They have been paid
SIPS per day and want Sl.50.
Ghe Big Four and the Chicago s. Rocb
Island have contracted TO carry the Colum
bia Club of this city to Mimi eapolis Il
the Republican national convention.
Vim. Brown. the conductor injured in the
Monon wreck at SmIthyille. about a yeal
ago. died at Hot Springs, Ark. and his re-
MAINS were brought North yesterday fol
burial
The contract was let, yesterday, for al
interlocking switch and signal at the cross
ing of the st. Louis division of the Bis
Four aud the Belt road, the contract pric,
being 8, 800.
The many friends of w. c. Irwin, for
merry chief engineer of the Bee-line. vii
be pleased to learn that he has fully re
covered his health after an Illness o
eighteen months.
Under the present schedule dressed meat
shipped from indianapolis and other per
lshabls freights are landed IN New York il
sixty hours, the fastest time ever made OF
east bound freight.
Trains 20 md 81 on the Pennsylvania
lines arenow hauled by two engines in botl
directions between Aenia. o.. and Pitts
burg go heavy have the trains become and
DO fast is their time.
The l., IN. A. * c. has, in addition {,
its regular force of section incentive to
sectiOn-tnree gangs Of twenty men eacl
putting gravel under the track of tn,
Indianapolis division.
The Ohio x Mississippi earned in April
k2g7.9.!; decrease. as compared with April
1891, Sll,24S. Since Jan. / the road ha
earned. Sl.942.647; increase over first fOn
months of 1881, $50 620.