The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-11
HAVE NOT RESIGNED
Denial of a Report as to the Union
Pacific Receivers.
Anderson Says Caldwelrs Decision Has
Embarrassed the Officials, but No
Action Has Yet Been Taken.

At the offices of the Union Pacific rail-
road receivers in New York it was stated
yesterday that there is no foundation in
fact for a report emanating from Omaha
to the effect that the receivers have de-
cided 20 resign their offices in consequence
of the stricures passed upon them by Judge
Caldwell touching the labor question.
L. Ellery Anderson. one of the receivers,
denied that there had been any resignation,
and said: 1.-THE receivers Of the Union Pa
cific system, however, have been somewhat
shaken up over the recent decision of Judge
Caldwell and it has been a question in our
minds whether or not our relations toward
the company and it's army of employees
have not been seriously, If not irrevocably,
Impaired by that decision, which was i'm
prudent, to say the very least of it, and, to
my mind, most unfortunate as far as we
are concerned. Our position is a very grave
one and is especially so when the vastness
Of the interests We represent is considered.
That decision practically takes us to task.
/ have only seen Mr.. COudert once since
the rendering Of Judge CaldwelPs decision,
and Mr.. Doane Is in California, hence there
matter"
docs not that feeling among the receiv-
ers portend a future possible resignation of
the receivers?' he was asked.
81 cannot answer that now as / do not
know what course will be pursued"
Both Mr.. Coudert and Mr.. Anderson ex-
pressed the opinion that 5. II. II. Clark
would not resign from the presidency OF
the Union Pacific and that the reports Of
his resignation We're not authentic.
Future of the L., ID. q S.
An expert railroad man. who is we'll in
formed as regards the Indianapolis, Deca-
tur & Western, and who has recently ex-
amined the property and the possibilities
of it's development, has advised the first
mortgage bondholders to bid the road in
at the coming foreclosure sale and expend
100000 in building branches to nearby
coal fields and stone quarries. He tells
the bondholders that he is confident that
with this sum expended the road can be
readily made to pay operating expenses
and 5 per cent. on the first mortgage
bords. In this connection the gross earn
lngs OF the road since 1880. when it was
opened for business into Indianapolis, be
come of interest. From 1850 to Dec. 81,
1893. fourteen years, the gross earnings
nave been as follows: 1880, $429, 1894 3; 1881,
1896, SS3. IL; 1882. $4lS. 49,. 10; 1888, S424, 7S5. rs;
s2495: 1857, SfS2, 4OO.S so; 1888, s4O6, 553.47; 1889,
$4O8, 49, OF; 1890, $463, $685.; 1891, 500, $50. Oh
1892, 500, 925.31; 1895, $442, 5000. In July, 1888,
r. b. f. Peirce was appointed trustee and
general manager of the property. The
largest earnings of the road were in 1880,
1891 and 1892, and for 1898 the exhibit, under
the conditions which ailways have Ia
The corn crop on its line, which usually
furnishes the bulk of earnings a portion
of the year, was a failure In 1873 me road
bed to-day Is in better physical condition
than at any time in its history. Less at
tention has been paid to the company'S
rolling stock than 10 the roadbed yet it is
stated that the power OF the road is in
excellent condition. -s