The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-19
MORE TIME WANTED
The L, ID. & w. and c., III. & d.
Deal Not Yet Perfected.
Second Mortgage BOndhOlders Will Ask
an Extension of Time-Another
Rate War Brewing.

On Jan. I the time expires which the
court gave to the second mortgage bond
holders of the Indianapolis, Decatur &
Western to fix up matters with the first
mortgage bondholders and complete the deal
by which the road is to pass under the con-
troll OF the Cincinnati, Hamilton q Dayton.
The Journal has information that the sec
ond mortgage bondholders have not as yet
been able to raise the sum required before
the first mortgage bondholders would sane
ton the deal, and the court will be asked
TO issue an order extending the time until
July l, 1894. 1t is stated that the first mort
gage bondhOlders are willing to rest the
case-Autl that date, providing the second
mortgage bondholders make good to the
FIRST mortgage bondholders any deficiency
there may be after the net earnings have
been exhausted in payment Of the interest
which has accrued since the court gave
The six months extension which expires
with jan L There is one thing which is
favorable to the second mortgage bond
holders. The Cincinnati. Hamilton & Day
ton Is IN no haste 10 take hold of the In
d~ianapolis, Decatur & Western until the
depressed times in railroad business have
passed. Had the deal been carried out as
expected originally the c., II. & d. would
have been out of pocket in operating the
o up to the present date, yet 1t is under
stood that the c.. II. & ID. will take the
road on the terms proposed at any time
when the second mortgage bondholders are
prepared to carry out their part of the con-
tract.
The Pennsylvania Voluntary Relief.
The monthly report OF r. F. Smith, super
intendent of the Pennsylvania Voluntary
Relief Association, shows hat in November,
I'll. 80 was disbursed in death benefits on
lines west Of P~ittsburg, OF which sum $3.50
was on deaths from accidents, and $500
on deaths from natural causes. In accident
benefits there was disbursed A,72S.25; In
sickness benefits, $3.50, making toal dis
bursements of the month SO, 627. As. Benefits
were paid during the month to 1872 mem
bers, or in case of death to the proper rep
resentatives- In the ffty-three months that
the department has been established $685.
200 has been disbursed to the legal heirs in
death benefits from accidents, there having
been 170 member killed; in death benefits
from natural causes. $Z79, 476 has been dis
bursed on the death of 456 members; $751;
e24.7O has been paid out in accident bene-
fits to 1851 members; $316, 7S6 in sickness
benefits to 1885 members. Total paid out
IN the ffty-three months in benefits, $685.
$3.50. During that period a, 1913 of the men,
bers have received benefits
East-Bound Shipments from Chicago.
The effect OF the recent reduction in east
bound freight rates is shown plainly in
the shipments from Chicago last week.
They amounted to SO.66l tons. against 62,266
tons for the preceding week and rs, 44S tons
Tor the corresponding week Of last year.
The weekly total of east-bound shipments
has nearly doubled within the last fort
night. The roads carried tonnage as fol-
lows: Michigan Central, Is, 207; Wabash, A.
e29; Lake Shore, Ills; Fort Wayne, 1854;
Panhandle. 9.257; Baltimore & Ohio. $3.50;
Grand Trunk, 1921; Nickel-plate, 1854; Chi
cage & Erie. 9,159; Big Four, 2,6S6. The
shipments were made up of the following
s7.22: provisions, lard. etc. I22is: dressed
beef. 1850: fiaxseed, 2,s5e; butter. LIP;
hides. 23S1; lumber, S,043; miscellaneous,
B20-