The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-01
Interest MOI 10 he Paid.


Interest Not To be Paid.
A dispatch from New York says: The in
terest on Green Bay cOnsOl fives, due Aug.
1, will not be paid on that date. President
Joseph Walker, OF the company, says 1t
will be paid later, and that deferring pay
ment will not mean a receivership. There
is a clause in the mortgage which author
ICES a delay of six months. 1t Is stated
at the Missouri. Kansas & Texas office
that the August coupon on the seconds
will not be paid. TIN February coupon. it
viii be remembered. was paid. The Au-
gust coupon shas never been paid since the
road was re~OrganiZed. The interest on Ore
gon Short Line skies and on Kansas Pacific
skies will not be paid. The interest on the
Union Pacific gold notes skies VIII be paid.
Adams Express Sues the C., II. & st. l..
The Adams Express Company, Of New
York. yesterday, at Springfield, ILL.,, in the
United States Circuit Court, brought suit
against the Chicago. Peoria & St. Louis
Railroad COMPANY and William S. Hook,
OF Jacksonville. for $4,000, on notes given
for loans of $4,000, made defendant COM
pany by plaintiff in April, May and June,
1893. Hook was then president of the de-
funct company and was surety on the
notes. Collateral security in the shape Of
$4,000 of Chicago, Peoria q St. Louis con-
solidated mortgage bonds was also given,
but at a sale in February, 1894, on the New
York Stock Exchange these bonds only
realized $1,000, and the Adams Express
Company now sues for the balance.
Competitive Rates.
Competitive rates of the Northern Pacific
and Canadian Pacific railroads were dis
cussed yesterday at a meeting of the
trunk line officers of the passenger depart
ment in New York. Messrs. p. S. Eustis,
of the c., B.. & O., J. c.. Pond, of the Wis
consin Central, and w. b. Kinskem, of
the Chicago & Northwestern, were present
as a committee representing the Western
roads. b. D.. Caldwell, president of the
Western Passenger Association. was also
present. The meeting was a long one, but
nothing but routine business was accom-
plished.
Personal, Local and General Notes.
The Roadmasters' Association of the
United States will hold a meeting in New
York on Sept. IL.
w: J. Stewart has been appointed agent
Of the Chicago & Erie at Palmer, md.
vice G.. NJ. Stiles, resigned.
The. Montreal meeting of the American
Association of General Baggage Agents
has been postponed to Aug. 10.
superintendent Thomas. of the Tennes-
resigned. The resignation took effect yes
terday.
G.. d. Bacon, general agent of the pas
senger department of the Rock Island at
St Louis and Cincinnati. was in the city
yesterday.
To-day the shops of the Big Four will
all put IN a full force of men, returning
In April of this year.
A. s. White, late general freight agent
OF the Big -Four system, left, CINCINNATI
for New York on Monday evening and will
assume his new duties as general man
ager of the Erie Dispatch to-day. His Of
fee will be at q Cortlandt street, New
York city.
The Indianapolis roads are handling an
unusually large amount of live stock. The
satisfaction of the freight men at this in
crease is tempered somewhat, however.
By. the apprehension that il argues a
lighter traffic early in the coming winter,
move.
The receivers of the Frisco nave filed IN
the United States Court at St. Louis a pc
tition for permission to pay the semi
annual interest on the nrst mortgage sink
ing fund equipment bonds of 1880 still out
standing. They also asked permission to
redeem certain of the bonds. Both re-
quests were granted.
l.. u. railway engines last week handled
3S7 cars of live stock. In the same time
other engines hauled over the Union
tracks 1895 cars Of freight and empties
handled on the cOmpany's lines, IA, rs, be-
ing an increase Of 1,S2 over the previous
week. The increase in number of cars
handled by 1. L: engines over the preced-
ing week was 81.
The interests Of the Evansville e. Rich
mond railway, the Bedford Belt railway
anu III DthlOlu Quti Company nave
been consolidated under the name of the
Indiana Stone, Railroad and Quarries Com
pany. with w. l.. BreyfOgie as president.
The deal was made in New York on Sa;-
urday. Equipment bonds TO the amount
of &,OOO.GOO will be issued. The general or
fees and shops will be located at Bed
ford. The company Will own 116 miles of
railroad and the largest quarry plant in
he State.
There is little complaint. either among
assenger or freight officials here, about
he condition of business. All seem to- be
ute well satisfied with the volume now