The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-20
He Says Business Will Revive When
'These Foolish Democrats Throw
Away the Tariff Bill.
BAD YEAR FOR TINKERING
Industries Should Be Given a
Chance to Resume Work.
The Erie Rate Ware. & e. /. Deal Not
Yet COmpleted-PrOposed Railroad
Shops at Indianapolis.

NJ. z. Ingalls,, president OF the Big Four,
arrived in the city, last evening, expecting
20 remain here to-day, and attend a meet
ing OF the Union Railway Company. but
a telegram from James McCrea, first vice
president of the Pennsylvania Company,
stated that he would be unable TO be here,
having been called to New York to consider
the rate situation. Mr.. Ingalls, expresses
confidence in the restoration Of east-bound
rates. Jan. 1. and he says Vice President
Murray is of the same belief. which he con-
siders a good basis for his faith in the mat
ter. He says the Erie cannot be blamed
for taking the steps 1t did; the Pennsyl-
vania, a strong line, was paying rebates,
and the Erie, being in the hands of a court,
could not do so, and the management made
an open rate to correspond with the rebate
other roads were paying. He thought there
had never been a time In the history of the
Erie in which it had been managed as hon
estly and with as much ability as at pres
ent-
In answer TO the question, "when will
business revive?" ne said, when these
foolish Democrats throw the tariff bills un-
der the table,, or modify IL to such an ex-
tent that our industries can safely resume
operations. This is no season of the year to
NEEDLE with tariffs"
Regarding the Chicago & Eastern Illinois
deal he said the press was too anxious TO
complete the transaction. In such times as
these. buying or leasing railroads was risky
business. When asked how soon something
definite In the matter would be done. he an
swered probably not before April or May
next. The price had not yet been agreed
On Without question Mr. Porter vas
anxious to be relieved Of the burden as it's
chief financial man. The road was a good
piece of property, but a S0,00O,0O bonded
debt was a pretty heavy load for a road
OF it's mileage to carry; yet 1t had a good
track, was finely equipped and had an ex-
cellent entrance into Chicago, but not as
good as that of the Illinois Central. Re
garding the affairs OF the Big Four. he said
they were doing business enough. to show
good earnings were rates what they should
be. So far as the official roster of the road
Il was such that he did not know where 1t
could be improved; every official was on
the alert, and In all departments business
was moving along as smoothly as he could
desire.
AS to central shops at Indianapolis he
said they would come in time; the company
had. in the last two years, expended a large
Jul VI mOuSy q lulS punt III new ITeASnI
depots, asphalt pavements. double tracks
and additional sidetracks, and was now ex-
pending $4,000 in a round house and light
repair shops at Dillon street. He said he
had an excellent opinion OF Indianapolis
and would guarantee that the Big Four
would do it's part toward making 1t a pros
porous city.
There being no meeting Of the Union Rail-
way Company to-day, President Ingalls,, &C
companied by General Utility Man Schaff
and General Superintendent Van Wrinkle,
Will go over the st. Louis division.
A Good Lift for the Monon.
It is stated that the Louisville. New AL
.bany & Chicago is about TO close arrange
ments with the Illinois. Indiana & Iowa
which will be of decided benefit to the Mo-
non The three IT" road Is practically the
outer belt road around Chicago, with its
eastern terminus at Wheatfield, Ind. 1t
handles immense quantities OF the through
business from the west to the east, which
In the past 1t has been turning over TO the
Chicago & Eastern Illinois at WheatfieId,
which is on the Chicago & Indiana Coal
road. leased by the C. & E. Illinois; it is
then turned over to the Chicago West
s snd tarns T " ever na ta th ie fr9m saGros se
LaPorte, or the Michigan Central at New
buIdlO. lie present contracts expire IN
about thirty days and IL is understood that
on the expiration of the present contracts
the three rs will operate ir connection
with the Monon. The three rs road
Monon would haul the business thirty-five
miles To Michigan CITY. 1t is stated the
business which would be turned over to the
Monon will average $50 loaded cars a day.
"
Great Northern Rates.
In accordance with the agreement to re-
store rates reached at st. Paul, some days
ago. by the Northern transcontinental lines.
the Great Northern has authorized the fol-
lowing rates. which go into effect Jan. 1:
Between St. Paul. Minneapolis, Duluth,
West Superior and Portland. Tacoma. Sc
attic and North Pacific coast points. first
class, thirty-day limit, in both directions
$40; tickets. continuous passage. $50; sec
ond-class, continuous passage, $50 west
bound, $40 east-bound: round trip. nine
months limit, $50 west-bound, $50 east
bound; via Spokane, first-class, thirty-day
ninety-day limit tickets. $40 west-bound
$50 east-bound. To Montana common points
the rates are: First-class. unlimited. $46
secOnd-class, continuous passage, 50; round
trip, sixty days. $50. The rates TO Montana
common points are good In both directions
These rates were agreed upon some time
ago. They were officially announced TO Other
lines yesterday.
Personal, Local and General Notes.
Oscar Murray, vice president and freight
traffic manager OF the Big Four, has gone
to New York.
II. w. Hibbard. general freight agent o.
the Vandalia. was in the city yesterday er