The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-19
INJURED BY STRIKES
y. q tt. H.. EARNINGS DECREASED
OWING TO CLOSED COAL MINES.
reinstatement OF the Business Of
the Pullman Car Company.

H. C. Barlow, vice president and general
manager OF the Evansville & Terre Haute,
has issued in pamphlet form the forti-
eth annual report OF this company TO the
stockholders. The gross earnings for the
year ending June 30 were 81, l59, 1870 oper-
ating expenses, s644, 5aO.56; net earnings. $515.-
416. IS. n good deal was done in the way of
laying sidetrack to industries near its lines
and in renewing bridges and t~restles, and
the Sullivan county branch was extended
two and a quarter miles. Vice President
Barlow, in his remarks on the usine of
the year, says: 1.-The depression that came
upon the commercial interests of the coun-
try during the early part OF 1893 has con-
tinued through the financial year. The ben
eht derived from a large worlds fair pas
senger business has been offset by a de-
crease in your freight earnings and in
come from other sources. The great coal
miners strike effectively closed down from
April q TO June 10 every coal mine, the
operation OF which contributed to the rev.
enues of your properties, the direct result
being a large diminution in your traffic re-
ceiptS, not only from coal tonnage, but
from all other traffic. During the month or
May the constant presence OF the State
militia was necessary to protect your prop
erty and enable US to operate the road. To
this condition of affairs Is attributable
Ing the months OF April, May and June.
Following the miners trouble came the
strike OF railway employees, which, while
not leading to any serious complications
with the employees of your company, con-
tributed somewhat to the unsatisfactory
results for the month of June. Taking into
consideration the unusual business cOndi-
lions that have prevailed, together with
the disasters attending the labor troubles,
We believe the years operation promises
gratifying results under future normal con-
ditions. The efforts OF the new board were
Immediately directed to providing for the
floating debt OF your companies, wnicn
notes, amounted to $500, 030. 70. This entire
debt has been paid. with the exception OF
small amounts due the Evansville & In
d~ianapolis Railroad Company, from the pro-
ceedS of the sale of securities, in the treas
ury. and through the increase of the capital
stock In the latter part Of 1893. AT the
close OF the fiscal year covered by this
report the company had no hoating debt,
other than current traffic balances and bills.
On April l the Peoria, Decatur q evansville
Louis consolidated railroad companies with
drew, by agreement, from the use OF the
terminals at Evansville, changed conditions
rendering this move desirable on the part
OF the three companies. The relations be-
tween the companies continue amicable. On
Aug. Is an agreement was executed with
the Terre Haute q Indianapolis Railroad
Company. under which the two companies
occupy jointly with the Chicago d Eastern,
Illinois Railroad Company for a period or
ten years the passenger terminals of the
frst-named company at Terre Haute."
PuIIman's AnnuaI Statement.
The annual meeting OF the stockholders
OF the Pullman Palace Car Company was
held at Chicago yesterday, over s25. 900, 900
OF the capital stock being represented. The
following directors were reelected: George
Nr DuI1poon Marshall Field Il w nnana
Norman Williams and o. S. A. Sprague, OF
Chicago; c. Hubert, of New York, and
Henry r.. Reed, of Boston. The usual quar-
terly dividend OF 81 per share was declared
from the net earnings and will be paid Now
IS to the stockholders of record at the close
of business Nov. l. The directors and the
officers of the company absolutely refused
to discuss the meeting further than to say
that no action looking toward any change
In the officers or the policy of the company
was contemplated. 1t is known, however,
that the meeting discussed earnestly the
chances of legislation adverse to the inter-
estS OF the company which ii Is feared that
some of the legislatures of the various
States may take in the near future. No :c-
ton was taken to ward OF such possible
legislation or to fgh against 1t when 1t
comes.
The annual statement of the company for
the fiscal year = ending July 81 shows a total
VI fSfcscBVosf oH0 ~
N.2I4,650, leaving a surplus for the year of
s., 800, 416. OF the disbursements, $2.Ss0.000
were paid out in dividends on the capital
stock. The statement shows that no profit
was made by the operation of the works
at Pullman during the last year, as the
revenue % Is MAGE d 7s up est Of n three its e sss and
RENTALS" dividends, interest, etc, including
loss in the manufacturing department, $50
os. The total assets are set down as ~
during the year was 5,2S2. 1923. and the num-
Der of miles run was 1877, 400. sos. During the
previous year 5.s73. 129 passengers were car
Just ended shows a decrease or about z
per cent. IN the number of passengers
S naTnlea; a of miles Of aG Tan. rR Ser v ssue Of IL the the
manufactured product of the car works
for the year was $4.347, 317, n of other IN
a total of s4,s25, 331, against s13. 4l4, 7OS for the
previous year. The wages paid amounted
to s.ssS.5ls, against s7,75l,sA for the pre-
The report OF Mr.. Pullman to the direc-
tors takes up at some length the question
of the strike. but he makes in the pub
lished statement no comment not made at
the time OF his public utterances during the
strike. The number OF men now employed
at the works is $50, and the scale OF
time of the strike. Mr.. Pullman's report
closes with the statement that by in
creased attention to their work the mechan-
work prices, increased their daily average
earnings from 200 last April. to S.16 in
the last half of September"
Suit Against the Panhandle.
As an outcome OF the suit against Balti-
more & Ohio freight officials for violation
of the interstate-commerce act, one of a
similar nature is to be entered against
certain Panhandle freight officials. During
the investigation OF the b. & o. officials
1t developed hat the Panhandle officials
had been conducting business In the same
manner. United States District Attorney
Hall has not yet named the Panhandle
officials against whom charges have been
made. The Pittsburg Commercial Gazette
says OF the case: william Stewart is
freight traffic manager OF the road in this
city and Charles l.. Cole general freight
agent. F. r. Fuller fills the position of d.
vision freight agent in Cincinnati. There
has been great rivalry between the Pam
handle and the Baltimore & Ohio COM
panies for business between this city and
Cincinnati. The legal rate on beer fin bulk
Is Is cents per hundred pounds. The Phoe-
nix company has been shipping beer right
along and making statements every month
TO the railroad companies of the amount
shipped. They were then allowed, IL is
alleged, a rebate of 3s cents per one nun
dred. The rebate was paid in cash. II was
Invariably put down as having been al