The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-07-23
AFFAIRS OF THE RAILWAYS.

Is spending his vacation in Europe.
The Arcadia, Gulf Coast & Lakeland rail
road. of Florida, has been ordered sold for
the benefit OF creditors.
The Atchison, Topeka & Santa Fe shops
at Atchison will reopen this morning with
over seven hundred men.
The Washington and Oregon divisions of
the oregon Railway and Navigation Com
pany have been consolidated.
The earnings of the Northern Pacific for
the first two weeks of July show a falling
off of N6S,OOO, as compared with the CORE
spending two weeks in 1893
The Pennsylvania passenger officials
claim to have eaPtured the bulk of r the
Yer. sending out a full parlor car on Satur-
day. The Journals item had reference to
the business of the previous day.
1t is said President Huntington is nego-
tiating for the purchase of the new railway
across the isthmus of Tehuantepec. Presi-
dent Diaz has said the Mexican govern
ment will operate the road as soon as COM
pleted, but the belief in its sale is general
The sale of the Richmond. Nicholasville,
Irvine & Beattyville railroad, In Kentucky,
has has been postponed; pending an appeal ITO to
order for sale was issued some time ago by
Judge Barr. and the sale was to have taken
place in September.
1t is stated that the Northwestern has
decided to close its Chicago shops and have
all it's work done in the shops at Baraboo
and Winona. This means an enlargement
of the shops at these two points. The
reason given is that these shops are not
under the control of the y. r. T., as
the shops in Chicago.
A member of the Atchison protective COM
mittee says that the Atchison floating debt
stands between Sl2,O00,000 and Sl3 COS. 900, of
which about S.000,OO0 is represented by
matured interest on the general mortgage
bonds and $2,O00,OO0 by interest on the sec
ond mortgage bonds, leaving the debt in the
form of bills payable only about $5.0O0,0O0.
President Ingalls,, though regarding the
outlook abroad as more cheerful, has aban-
doned the project of increasing the steam
ship service between Newport News and
European ports. and the contract for build
ing three additional steamers has been
abandoned until the railroad situation on
this side the water becomes more settled.
A Philadelphia special says: 1t is be-
lieved that the Fitzgerald committee, DreX-
el, Morgan & Co. and Brown brothers Will
eventually reorganiZe the Reading. but the
Olcott committee will oppose any plan in
volving the funding of the general mort
gage coupons. Some doubt is expressed
whether funding scheme can be carried
through, although the understanding here Is
that il both can and will be made success
full.
The plan promulgated some time ago for
funding past due coupons of the first mort
gage bonds of the Wisconsin Central has
been withdrawn, and 1t has been agreed
between the officials of the company and
the security holders that there shall be a
thorough oVerhauling of the companyS af-
fairs with a view to their readJustment in
sHcn way as TO lnure TO the me pemee Oh
is the unifyng of the properties now COM
posing the Centraps lines and the abolition
of the minor companies
Ex-Governor Evans, of Colorado, is de-
voting his attention to the preminaries of
the organization and cons rr-"f'N'
Denver, Sioux City. Lake Superior & Chi
about 24O miles of railway, covering the
distance between Julesburg, in Colorado
and O'Neill, in Nebraska. By this arrange
ment the illinois Central st. Paul and
Great Northern roads will be connected di-
rectly with the Rocky mountain region
and have direct connection with all Texas
points via the Union Paclhc, Denver d
Gulf. Governor Evans has obtained the
promise of the necessary support in the
construction of this line.
Mr.. William T. Manning, chief engineer
of the Baltimore d Ohio Railroad Com
pany, has just received patent on an i'm
proven rail, designed more especially for
use in curves and heavy grades where
sand is required TO be used to a consider
able extent. The patent presents a rail
with irregular shaped bead, one side,
that nearest the wheel fiange, being con-
siderably enlarged, to cause 1t to wear
much longer. and also capable of being
reversed, and still present a true and UNI
worn fange bearing. Mr.. Manning con-
tends that the difference in, cost of. such
rail is not great, and will wear double
the time of the rail now in use.
The suit which Attorney-general Olney
has brought in the United States Circuit
Court at Los Angeles, Cal, against the
Southern Pacific railroad, in the name OF
the United States, asks that the articles
of consolidation between the Southern Pa
tons be annulled; that the mortgage of
the Southern Pacific to the Central Trust
Company of New York for S31,OOO,O00 be an
nulled; that all contracts, leases and agree
ments between the Southern Pacific and
any of the other seventeen railroad com
panies be annulled and that each com
pany be required hencefOrth TO operate its
own railroad or transportation line. As
the total mileage controlled by the South
ern Pacific is 6,525. including five proprie-
tary lines on its Pacific system, the lease
of the Central Pacific and five other lines
| it will readily be seen that the success OF
the suit would be far reaching i'm its eff
| fects The stock of the roads owned by
the Southern Pacific aggregates $11l, sos. So
The Pittsburg Post, speaking Of the late
strike and the loyalty to their companies
city, says: The roads leading into this
| city. especially the Pennsylvania system
and the Baltimore & Ohio, are both strong
" org .nized. and If they had cause &c
| strike. and all the brotherhoods should &C
out together, such an action would doubt
! less result in severely GRIPPING the home
| lines. In conversation with local engineer
yesterday. who is present chairman of his
/ brotherhood, he stated in concise terms the
position generally held by Pittsburg loco
| motive engineers and firemen as follows
! Il am sincerely glad the engineers here re-
| ceiVed no orders from our chief 10 go ou
i in the recent strike as | think it would
! have been met by strong objection MOI
| that the men are not loyal TO their order
/ but there seemed neither justice nor reason
/ in asking employees who have no grievance
| and have been treated generously by theil
| employers TO throw up their positions ou
! of pure sympathy. Just now, when rail
| road forces are being cut down, know Of
| many instances where the company has re
| tanned employees, mostly married men, whC
| in reality were not needed, owing TO the
| general slump in railroad business. and sucf
! men owe their hearty support 10 the com
pany in a strike which in no way affected
| their interests