The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-29
GOOD YEAR FOR RAILWAYS
Western Lines Expect to Have All the
Business They Can Well Attend To.
Chicago Roads Already Blockaded with Worlds
Fair Freight Traflic-Mr Shaituc IMAM
imously Chosen Commissioner.

Thomas Noonan. general manager of the
Central States Dispatch. who has been in
Chicago for couple of DAYS. says he thinks
the prospect for freight business with the
ell rail lines the coming GUNNER is very
bright. There are at Chicago 36.0OO.CO0
bushels of grain stored to go East.
While a largo portion OF this grain will 90
last partly by lake and partly by rail.
grain shipped from points west Of Chicago
will not 90 TO that city. so crowded will be
the roads with worlds fair business. and IL
will naturally drift to the further south
Bll-ralI lines, which means big business
for such lines as the Big -Four. the Lake
Erie d. Western aud the Pennsylvania.
Then, other classes of freight.
both east and west-bonnd. will
be shipped more largely by the midland
lines. to prevent delsys which
would surely follow shipping via
Chicago. Mr.. Noonan states that the
worlds fair exhibits are coming into Chi
caso at the rate of 90 TO LOCO carloads
day, and the companies have facilities for
unloading only 600 q day, consequently
there is q general blockade at Chicago. 1t
Is estimated that the roads will bring into
Chicago $4,000 carloads of worlds fair ex-
hiofts, as they are now pouring into the
city from all parts of the globe. Mr.. Noonan
thinks that, notwithstanding the fact that
There viii be an enormous passenger busi-
uess to handle. freg hts will move prompt
ly. as road beds have been put In excellent
eondition and the power of most roads SO
increased as to enable them TO handle an
immense volume of business. He thinks
that in the year 1873 unless the cholera or
,ome other unforeseen epidemic comes ON
the country. the railroads will make the
largest earnings In their history.
What IL Thought of the Monon East.
The Commercial Bulletin. of Boston, In
It's issue of March 25, contains q column ar
sicle on the past. present and prospective
future of the Louisville, New Albany IL
Chicago. Among other things it gives the
stock reorganization scheme extensive
comment. The Bulletin says: I'VE know
that some people question the wisdom OF
this new classification of stock. but We do
not think II an unwise move. While earn
lngs have not been large enough TO pay
per cent. dividends on the entire Sl2, GOO
of stock, there have still been surplus re-
ceipte. and the stockholders feel that they
are entitled to this surplus In some form.
There 10 another strong argument In favor OF
the present plan. 1t will improve the credit
of the road. There can be no doubt that
the credit of o dividend paying property Is
better than q nondividend paying one"
Regarding the attempt to throw the road
into the hands of q receiver. the Bulletin
says: 1T is q mighty poor attcmpt TO
harass u road which has done exceedingly
well IN 1892. and. in any other kind of q
market, the stock would probably not have
gone of so easily. Recent earnings have
shown the effects of the severe winter. but
for the past year the Mon0n stands well up
IN the front rank as regards good earnings.
The application for receiver will probably
not amount TO anything. as ii is apparent
~ cheap scheme of disgrunties."
shattuc Chosen Commissioner.
In accordance with the action of the re-
cent meeting of railroad presidents held in
Cincinnati. President Woodford. represent
ing the Cincinnati, Hamilton Il Day ton
and Vandalia lines; Oscar G. Murray. rep
resenting the Big Four, and President
Tracy. of the Ohio 81 Mississippi road, held
meeting at CINCINNATI yesterday. 10
choose commissioner for the Cincinnati
and St Louis lines w. b. Shattuc. general
passenger agent OF the Ohio IL Mississippi.
was unanimously chosen commissioner. He
has not yet accepted. but doubtless will.
His headquarters will be in Cincinnati. IL
was also gwen ont by the gentlemen
that the Chicago and Ohio River
association will be recognized. and that
DIR. Sbattucs jurisdiction will be extended
over that territory. A meeting for this pur-
pose will probably be held next week. The
same arrangement also wants the Louis
Vile 81 Nashville road between CINCINNATI
anu Louisville included. and If this is done
the lines between Cincinnati and Cbatta-
Dooga Will form an association. of which
Mr.. Shattuc will also be made cOmmis-
sioner. The appointment of MIR. Shattuo
takes effect May /. q. Il. MCCARTHY at
present general passenger agent of the Bal
timore 81 Ohio Southwestern. will have his
jurisdiction extended over the Ohio IL Mis-
sissippi. taking Nh. Shattuc's place.
Ives Now In Control
The management of the Cleveland. Akron
& Columbus railroad yesterday formally
turned over the road to Henry s. Ives, the
Young Napoleon of finance" and the
financial hacker of his scheme. banker
Barse, of Buffalo. The following officers
were elected: President. Geo. w. SAM;
vice president and general manager. N.
Monserrat; executive committee, u. w.
Saul. N. W. Bsrse. n. Monserrst 4. A.
Barnaby and j. A. Horsey. The only d.
rectors absent were II. b. Morehead and
John Morton. The Cleveland. Akron IL
Columbus is To be added to the 81 stem
which Ives and Barse are building mp with
the Ohio Southern railroad rs the begin
ming.
Personal. Local and Gene~ai Notes
William R. McKeen, president of the T.
Ark.
William Garstang to-day leaves Rich-
mond. Va. to take the position of super
tntendent OF motive power OF the Big -Four
lines.
Anticipating heavy worlds fair travel.
che Pennsylvania lines will run NO excur-
sious. as for some years past, during the
summer season.
The PittsburG IL Lake Erie will this week
break ground for extensive new shops M
Riyertop. They were planned by GAYLORD
Beach, and will be very complete.
Oscar Murray. vice president and J. q.
Van Wrinkle. general superintendent of the
Big Four lines Will to-day 20 to Benton
Harbor oyer the Michigan division.
The brotherhood of Locomotive Engin-
GERS will on Saturday move into their no W
quarters Hammonds Hall. which will be
the pleasantest rooms they have yet occu-
pied.
Sumner Collins. general superintendent,
and George Lowell, assistant superintend-
emit of the Louisville, New Albany Il Chi
cago lines. are In the city on offici bust
ness.
III. j. Rhein. general agent of the Dos
eenger department. of the Cincinnati,
Hamilton X Dayton lines. returned yes
terday from pleasure trip to Asheville.
n. Z.
The citizens of Fort Wayne want the
Pepnsylvania and the Wabash TO unite and
build q belt road over which to handle
their through freight traffic outside the
city limits.
The statement that the PENNSYLVANIA
lines cannot handle New England business