The Indianapolis journal., 1893-11-11
NEW RAILWAY DEALS
The Lehigh Valley and the N. Y,
n. HI. & IL. to Exchange Traffic.
Contract Also Entered Into by the
Former and the Pennsylvania COM
pany-Big Four Lines Inspected.

FORMER anu the fe1DSyINdnld OO1ll-
pany-Big Four Lines Inspected.
The officers Of the Lehigh Valley Rail-
road Company yesterday announced that
they had completed arrangements with the
New York, New Haven & Hartford for an
Interchange of business. This gives to the
Lehigh Valley an outlet into New England
for it's coal and other business. 1t also
gives to it such business as the New York,
New Haven & Hartford road can turn over.
which, it is generally thought, will be con-
siderable. Coupled with this deal is the
Pennsylvania Railroad Company, which, it
is said, has also made a close traffic con-
tract with the Lehigh Valley company for
interchange of business to points only ac-
cessible by the latter company. Late yes
terday afternoon the Lehigh Valley officials
sent out joint tariff from the mines in
this State to all points on the New York.
New Haven & Hartford road and its
branches, which cover Connecticut Rhode
Island and part of Massachusetts. The ex-
change of business will be made via Jersey
City and the Harlem river. The agreement
Is to go into effect Immediately.
who Controls the Il. & II. H.
In financial and higher railroad circles
there is question as to what syndicate is
causing such upheaval in the interests
of the Evansville & Terre Haute. 1t is not
known whether it is a syndicate backed by
III. II. Porter and others, VINO own the Chi
cago & Eastern Illinois, or whether it is q
syndicate backed by the Standard Oil Com
pany The latter certainly controls a good
deal of the stock. y prominent railroad
man of Terre Haute, in an interview pub
lished in the Terre Haute Gazette, ridicules
the idea of it being fight between II. II.
Porter and d. j. Mackey. and then goes on
to"say: III. H. Porter is president of the
board of directors of the c. & E. l., and
virtually owns the line He is president of
the Illinois Steel Company, which is con-
sidered the biggest concern OF the kind in
the world, is heavy stockholder IN the
Chicago & Northwestern. the Chicago &l
Rock Island and a half dozen other lines
sides this, Mr. Porter is in any number of
enterprises in Chicago, among them being
the First National Bank, which building he
tremely rich men of Chicago, although 1t
is utterly impossible to estimate his for
raiiroad people that the G. & E. 1. is Mr..
Porters pet. 1t is the smallest OF his rail-
road interests, and pays perhaps smaller in
terest. but he devotes more attention to 1t
than any other, and takes more pride in 1T.
The Chicago q Eastern Illinois to-day Is
better equipped than any line of it's size in
the country. Its coaches and engines are
superior to anything run into Terre Haute.
All of this expense has been undergone
without any unusual increase in business,
as will be seen from the annual reports.
The double tracking OF the road for more
than half of its length was done as much
in the interests of Chicago suburban prop
erty in which Mr.. Porter is also interested
as anything else. If Mr. Porter wanted to
parallel the r. & tt II. he could do so with
ease, no matter whether it was a paying
investment or not.
The Big Four Inspection.
NJ. r. Ingalls, and party yesterday COM
pleted their inspection Of the Big Four lines
and the Peoria & Eastern, and President
Ingalls, expressed himself greatly pleased
with the physical condition Of the property.
He said he had inspected over 10 per cent.
OF the mileage, and most of the track was
now as safe to over at the rate of
one hundred miles an hour as thirty miles
an hour a few years ago. AS usual he
thinks the track of the original Big Four
second to none: especially is this true. of
the track between Indianapolis and Kanka-
kee which is now laid with steel rail weigh
ing eighty-five pounds to the yard REGARD
ing the physical condition, of the Peoria &
Eastern he said it looked like railroad;
time and money here accomplishing this.
The road had been under his supervision
now three wears, and nearly $l,OOOOOO had
beer, expended on the roadbed and equip
rnent and q great work had been done be-
tween indianapolis and Peoria. Regarding
business. he said he was much encouraged
On Thursday there were handled on the Rig
Four proper A. 900 loaded cars, against 4.l5S
or the corresponding date last year, and
when the Big Four was handling 1000 car
loads of freight per day ii meant good earn
ing. He thought the outlook for business
for some time was much more promising
than thirty days or even one week ago.
perSoo,r. Local and General Notes.
The Missouri. Kansas & Texas has can
celed aU tariffs reading in connection with
the Missouri Pacific.
through line of sleeping cars between
Pittsburg and Cincinnati via Leavlttsbdrg
has been arranged for
o. M. Brown. travelling auditor Of the Chi
cago and Ohio River Traffic Association is
in the city official business
The Chicago & Alton runs through tour
ist sleeping ~ every Thursday to Los
Angeles. via silt Lake City. to San Fran
cisco.
Reduced freight rates made by Western
lines TO meet lake and other water COM
petition will, on Nov. 20 be restored to
tariff.
All the roads In the country which gave
reduced rates TO the worlds fair yesterday
restored them TO the basis prevailing before
the exposition opened.
George c. Smith. late assistant general
manager of the Missouri Pacific, Is prOmi-
nently mentioned for president of the new
St. Louis terminal road.
c. J. Grammar ex-traffic manager of the
Mackey lines was summoned to New York
Yesterday by the party which has just
taken control of the Evansville & Terre
Haute.
The Southeastern Traffic Association has
fixed upon $4,000 a year as the salary of
its chairman. and has agreed TO make 81
three-year contract with the person elected
to that position
The Cincinnati. Hamilton & DAYTON In
spection party which has been out since
Monday, arrived at Indianapolis at mid
night and will leave at Z a. m. to inspect
the indianapolis division.
David Coons for many years a conductor
on the Big Four. left yesterday for Buffalo.
~. V TO accept a position in the office of
being a paymaster Of that line.
The through service which the Pittsburg
& Lake Erie in connection with the Lake
Shore between Pittsburg and Chicago, in
augurated last summer, is much of a
success that IL is TO be continued.
The Boston & Maine claims that when its
new station in Bsoton is completed IL will
be the largest passenger station i'm the
world From the beginning 552 trains per
day will be handled at the station.
The directors of the Evansville & Terrs
Haute road have declared n scrip dividend
of Sl.C00,OoO. convertible into stock on the
payment Of 500 per share. This is in add
tion 20 100000 increase in the capital stock
The Chicago e Alton and the Chicago
Great Western have met the reduced rates
OF the illinois Central 20 Southern resorts
will lead TO decentralization of passenger
rates.
The Cincinnati. Hamilton & Dayton vii
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