The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-15
The Monon Annual Report.

Samuel Thomas, president OF the Louis
vile. New Albany & Chicago. has given
out in advance the annual report of the
Louisville. New Albany & Chicago, which
he will present at the annual meeting of
the stockholders in this city next week.
His report for the year ending June 80
shows gross earnings of s., 1885, 3; operating
expenses and taxes. 81. lis. I'll; net earnings,
s1.077.272; surplus, $40, 733. after paying a div
3dend of ST. SS2 on the preferred stock.
"When the present management received
the property, three years ago, the road
consisted largely of iron rails: ii, was with
out ballast; its chicago terminal was con-
fracted; its equipment was meager; ii was
without shops: Its bridges were light
wooden structures, and the company was
confronted with debts due, or speedily ma
turing. In excess of 81, 000. These debts
were promptly paid and the disadvantages
enumerated have all been removed or sub
stantial progress has been made in their re-
HlOvaL In comparison with what has al
: ready been accomplished the work remain
Ing TO be done seems trivial. Ii is proper
to record the admirable conduct of the Off
GERS OF the company during the recent
erty OF the company and the persons in it's
employ were confronted with serious dam
ger. All the grave emergencies which arose
out OF the situation were met with courage
and skill on the part of the officers and
employees who remained with the COM
panY and the thanks of the stockholders
e~"
New Atchfson Board of Directors.
At meetings of the board OF directors of
the .Atchisons topeka & Santa Fe Rail-
road Company in New York designations
OF directors were received and accepted
and the vacancies filled. making the board
now stand as follows: John A. Mccall.
+. X. Sturgis. James A. Blair. Thomas
=. Fowler. Edward j. Berwind and VIM.
T. Bull. of New York; b. p. Cheney.
Samuel C. Lawrence. Alden Speare and
George A Nckesson, OF Boston; G.. X.
HOLIDAY and c. $. Gleed, OF Topeka, and
l. ). Every, OF Emporia, Kan. The board
issued q circular to stockholders setting
forth the changes declaring that the
vacancies in the directory were filled at the
suggestion OF hciders Of large amounts OF
the cOm-any's stock and announcing that
T. !. Cheney. jr, 5 c Lawrence. c. a
Mccall and r. V. Sturgis have been &
pointed a committee To solicit proxies
the election of directors to be held
Topeka Oct. =, at 10 a. IN, the proxies
be voted in favor of the board as /
constituted without material change in
der that such board NAV fully protect {
interests Of the stockholders of the CO
pany.
W. Refihart, Thomas Barring. j. j. Nc
Cook c. r. Rich. D. b. Purcell and VIII
deceased was also filled.
The Afchison Rebate Question.
The Interstate-comnerce Commission has
SO far received no facts or proof that
would warrant that body instituting ju-
dicial proceedings against the Atchison
officials for making rebate payments. Ex-
pert Little was IN Washington a few
days ago and had a short conference with
mission. Mr.. Little spoke of the affairs
OF the Atchison in a general way. but gave
no particulars on which prosecution could
- hAEAI lIn - TIA N0mD nlEEfOnaTZ "a
yesterday that the commission had not yet
a clear case against the Atchison Off
Gals. and that no steps would be taken
until additional facts are brought to light.
The case has been under consideration for
ly made in New York. The members or
the commission with the exception OF
Commissioners Clements are away from
Washington. ana as the tuil board VIII
a considerable length OF time will elapse
before important steps can be taken
should Curb His Sub~ordinates.
General Manager chappeil. of the Chicago
& Alton, says that the cause of the fire.
quent rate wars in freight and passenger
traffic is found in the excessive railway
construction OF the last twenty years and
the persistent demands for lower rates on
the part OF shippers and the efforts OF the
weaker lines 70 secure tonnage at cut rates.
A railway Official. IN speaking of this as
sertion or Mr. Cfappell SAYS 10 Is enough
to make one smile. AZ the CHICAGO q Alton
n ore % the wealfhiest roads Ia the coun-
frv ard the last FIVE years has done more
20 djskurb business and freight yates than
any other rod OF is milea4e Especially