The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-16
TAKEN BY Thee, II. Il
THOMAS-BRICE SYNDICATE DROPS
THE QUEEN & CRESCENT.
New Directors Chosen Yesterday-Ref-
utation OF the Charge that the Big
Four Is Deteriorating.

At the annual meeting OF stockholders Of
the Cincinnati, New Orleans & Texas Pa
ciic Railway Company, at Cincinnati, yes
terday, the following directors were elected:
s. NJ. FELTON,, G. G. Harvey, E. w. Kit
tredge. Alexander Mcdonald, Lawrence
Maxwell, M. ID. Woodford, Eugene Zim-
norman CINCINNATI; H. T. and
Alfred Sully, New York. FELTON,, Harvey
and Mcdonald are the only ones Of the old
board reelected. They were on both tick
cts and received 27.S70 votes, all out Of the
thirty thousand shares voted. The other
six directors each received 22,670 votes, all
of them being in the Cincinnati. Hamilton
& Dayton syndicate that will secure con-
troll of the Queen q Crescent route as soon
as it Is out OF the hands of the receiver, S.
NJ. FELTON,. All the Cincinnati Southern in
terest voted with the Cincinnati, Hamilton
without the protested vote. The opposition
voted only five thousand shares. The six
retiring directors are: Thomas, Brice, Good
man, Anderson, ". Weir, q
Condition of the Big Four.
The New York Commercial Advertiser Of
the 18th contains in its financial column
some comment on the report of NJ. E.. In
gals, president Of the Big Four, for the
year ending June 80. The whole tenor Of
the article is to the effect that the physical
condition OF the property has deteriorated
since the consolidation of the ten divisions
into the Big Four system. 1t does not re-
quire the knowledge of an expert railroad
man. but sny business man in Ohio. Indiana
or Illinois who has been over any part or
the whole of the Big Four system will.
even If biased against the road, admit that
a large sum OF money has been expended
in improving the physical condition of the
roadbed and the equipment OK the lines.
There is not a division where extensive
Chicago division, from Cincinnati to Kan
kakee. Is now laid with steel rails weigh
ing from seventy to eighty pounds TO the
yard. There are three crossties now where
there were but two before the improve
ment. Every bridge has been renewed with
substantial iron structures. On the st.
Louis division the track Is equally good.
Experts who ride over the Vandalia. which
claims TO be standard in every particular,
and then travel over the st. Louis division
of the Big -Four, express the opinion that
the track of the one is equally good with
the other. Coming TO equipment, In power
the Big Four does not need to take a back
seat for any Indianapolis line, or, in fact,
any other OF the Western lines. Much of its
passenger equipment was new preparatory
TO handling the worlds fair business. While
II may be true that dividends have been
disappointing. 1t Is not true that the prop
erty has been allowed TO deteriorate. An
official OF another important system but re-
Gently said that the terminal properties of
the Big Four were worth as much as the
amount of its bonded debt. This may be
an exaggeration, but a study of it's termi-
nails at indianapolis. at Cincinnati. at
will show that but few railroads have ter
minals equally valuable.