The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-06
AFFAIRS OF THE RAILWAYS.

10 Is positively denied that jay Could
has invested in the stock of the elevated
railroad of Chicago.
President Platt believes the next meet
Ing of the directors OF the United States
Express Company will provide for q re-
sumption OF the old-time 2 per cent. semi
annual dividends.
I. ID. Stokes, for several years train dis
patcher on the Big -Four system at Nation,
Ill, has retired from the service and has
embarked in business for himself In this
city.
The combination of the Reading and the
New England across PoughkeDsIe bridge,
makes q coal-feeder FOR all New England:
But it 10 not promised hat prices of coal
will be reduced.
At the annual meeting of the Lake Erie
& Western railroad. held at Peoria, ILL.
yesterday. CALVIN =. Brice. Fl. w. Cannon
and George L. Stone were reelected d.
rectors.
The Ohio Southern railroad has been
granted the night of way by the Council of
sDrin gfeld, o., for its northern extension
through hat city. Presidents Saul an
nounces that the road will be finished and
trains running TO Lima by Feb. /. Con-
tracts for construction have been made.
In the suit of Congressman James Belden
against ex-Judge Stevenson Burke and
others, and the Columbus Toledo 81 Hook
ing Valley railroad, which involves about
eight million dollars. Justice lngraham
handed down a decision at New York. yes
ferday, giving Judgment for the defend
ants
The management of the Norfolk g. West
ern take q roseate view of its affairs,
owing to the recent compilation of the sys-
tenn. and talk of q prospect of the renewal
of each dividends by March of next year.
From 1855 TO 1892 the average price of the
stock of this road was 81, and the present
figure is below 40.
The report of the C.. c., C. & st. L. road
for the year ending June 80. 1892, shows
gross earnings, el3,6lS. l15. M increase of
increase S : 0 of seai.55e eA pss. ST. sSS SIS. an i an
crease OF $50. l27. Interest and rentals, ST.
670.174 a decrease of Sc. $685.; balance. 3d.
409. $50, an increase of SCI, 663- After meet
ing all charges there is q surplus of $50. TAI.
The Monon appears to be doing a very
large business to points in western and
southwestern Indiana. on the cut rates. AS
soon as the Chicago X Eastern Illinois en-
tered the fight, along with the Pennsyl-
vania line and Others, the MOnon cut the
rates to L. u y. i. points exactly In the
middle. While revenge more than profit
seems TO have been the motive In this case,
the result has been exceedingly gratifying
In a pecuniary sense.
The American Society of Railroad Super
jntendents will meet in New York on the
10th. Other meetings for this month are:
Advisory board of Western Traffic Asso-
citation at New York. on the 10th; Ameri-
can Railway Association general conven-
tion) at New York, on the 18th; Interna-
tional Association of SuperIntendents of
Bridges and Building s AT Cincinnati, on
the 18th; R0admasters' Association of
America at Chattanooga and Atlanta, on
the 18th to the Goth.
The announcement is made through the
medium of an official CIRCULAR that the
Northern Pacific Railroad Company has
acquired the ownership of the Puget Sound
and Alaska Steamship Company. and that
hereafter 10 will be operated as the Puget
Sound and Alaska division of the Northern
Pacific railroad. and that 1t is under the
Jurisdiction of the latter c~ompany's gen.
eral Offices. NJ. Walter Cakes is appointed
superintendent of the new division, with
offices at Tacoma, Wash.
President Caldwell. of the Nickel-pIate,
has withdrawn the charge preferred
against the Wabash two weeks ago, to the
effect that the latter road was the first to
make an excursion rate of $3.50 to Buffalo
Blanchard. of the Central Traffic Associa-
ton, he says: Regarding the Niagara
Falls excursion, / return the affidavlts re-
ceived, and regret the mistake of our agent
In naming the Wabash as the road offering
q $3.50 rate. instead of the Chicago IL Erie"
Chairman Caldwell has petitioned all
the roads In the territory of the Western
Passenger Association, 10th members and
Don-members. to sign an agreement to
maintain absolutely the authorized rates
Ou pdoochScI tEhnlC 6lIck OCt. ~, 6uu G0uS
check the Generalization caused by the
large number of excursion tickets which
have flooded the markets of late. The ma
jority of the roads. including the Chicago
IL Alton, have complied with this request
and pledged themselves to maintain the
rates.
The completion Of the Ohio extension of
the Norfolk & Western. with it's Scioto
Valley division, furnishes a direct line
from Norfolk. Va. TO Columbus, o., q dis
- a0 Af rHT rrfloa NnrfotE -slI 80 H.w.
communication with Chicago by a route
only 1.020 niles long. consequently the
former city will be made one of the great
shipping ports of grain. provisions and
other Western products to Europe, while
1t will be q favorite port of entry for the
importations of Western jobbing mer-
chants.
President Galloway, of the Clover.leaf,
directory; Il estimate that, during the
next two years. there will be required -
additional locomotives, 1,500 box-cars, 200
etock-cars, 500 coal-cars n 10 passenger
and ba~ggage-cars- These would cost about
s1,350.0O0 The amount outstanding upon
engines, cars and land at East st. Louis.
already acquired, is Ssa1, 76O, making q total
of S2.1S2.000. There should be expended
upon docks at Toledo about $3.50. DOC. max
Ing In all about S2.50l 900. There should be
added to this about $685. 600 to be expended
the next five years in filling up t~restles,
cutting down grades. balIastIng. enlarg-
Ing yards ana furnishing ADDITIONAL SIDE
tracks, as the business of the line develops.
During 1891 there were paid for the use OF
other Companies cars. ETC.. S97,2 ISL"
The day when perfect peace shall reign
between lines competing for business be-
tween Chicago and Indianapolis and Chi
cage and Ohio river points Is IN all prob
ability very remote. The Pennsylvania
insists on a two-cent rate In this business.
not, It Is said, because the regular fare s.
Chicago to Indianapolis and IS Chicago to
Cincinnati or Louisvilie) is too high. but
because of the alleged abuse of mileage
books. The Monon and the Big Four PEG.
pie say this ground is not tenable. and cal
attention to the fact that between Indian
Rpolis and Louisville, where the Pcnnsyl-
vania has the business all to itself, q two.
cent-per-mile rate has never even been
talked of. Neither does the Pennsylvania
propose q two-cent rate between ~lndianap.
oils and any other point. such as ST. Louie
or Columbus, where she has brisk rivalry
ct all times. The Monon people claim that
they are not suffering on account Of the
war.
The withdrawal of the Union Pacific
from the Transmissouri Association is re-
garded as evidenced that Jay Gould has
decided to withdraw all roads which ht
has q ban at controlling from all existing
associations, and not TO permit sucn road,
to enter any other association until he has
succeeded in establishing his long-chcrisheC
idea of O general clearinghouse for the dis
tribution of business. Some such plan a!
that suggested by MIR. Gould would seem
60 be necessary to secure stability of rates
and give the trading and shipping com
munity q reliable basis for the conduct