The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-28
BIG DROP IN EARNINGS
PENNSYLVANIA LINES SHOW A DE-
CREASE OF s1,700,0OO IN MAY.
Passenger Association Organized by
Local Railways East Bound
Freight Pool Percentages.

The decrease I'm May earnings on the
Pennsylvania lines, East and West, reach
es $4,000. The statement issued yesterday
shows a loss OF 100000 on Eastern lines
and 100000 Western. An official said
that the cause is. first. the fact that in
May. 1893. the worlds fair opened. at
tracing many thousand persons who other
wise would not have used the line; second,
the coal strike. which shut off tonnage
from mines; third, the general depression,
which also seriously affected tonnage.
The Excursion Rate Trouble.
Western Passenger Association roads
have almost concluded to ignore outside
competition in regard to the extension OF
the return portions of tickets for the Ma
tionaI Educational Association meeting at
Asbury Park. The situation was thor
oughly canvassed at a meeting in Chicago
yesterday. and il was found that the en-
tire business from Western territory would
be extremely light: that it would be next
TO madness TO reduce one-way west-bound
rates for the sake of securing any portion
of il. II is certain that no action in that
direction viii be taken until IL is found
that the market is stocked with the re-
turn portions of the excursion tickets and
that general business Is being seriously
Gliding on any definite course, however, 1t
was arranged that one more effort should
be made TO have outside lines withdraw
their extension notices and adhere to the
original restrictions. If they refuse Ii is
altogether likely their action will be ig-
nored until IL is that il is seriously
affecting the general business of Compel
ing roads, and when that is demonstrated
the association roads will go in and re-
duce one-way rates. Another meeting will
be held to-day to give opportunity for
outside roads to be heard from.
Local Passenger Association.
Yesterday the passenger officials OF the
roads centering here got together and or
ganized a local association, its object be-
ing TO effect a better maintenance of rates
and to adjust questions as they arise be-
tween the different roads on rate matters
division of business, etc. The Vandalia was
represented by John Chesborough, assist
ant general passenger agent OF the COM
pany; the Big Four by III. NJ. Bronson,
assistant general passenger agent; the Mo-
non and the Cincinnati, Hamilton & Day
ton by /. ID. Baldwin. general agent at
this point; the Lake Erie & Western by
{. F. DAILY, general passenger agent; the
indianapolis. Decatur * Western by John
Lazarus, traffic manager; the Pennsylva-
mia lines by w. F. Drummer, district pas
senger agent. Mr.. Lazarus elected
president c. F. DAILY was first nominated,
but declined to serve. r. NJ. Case was
elected secretary. he being also secretary
of the local rate association His salary
is SIS per month. as his labors thus far
have not been very laborious.
Prospects for Railway Pooling.
A freight traffic manager. who keeps we'll
Informed on all important questions affect
ing the freight business. says: 1.-THE pros
poets seem brighter for the passage of
bill permitting railway pccsing than at any
time in the previous history OF the sub
ject. Railway officials who never before
gave the matter any attention are now
loud in their demands to- have such bill
put in effect, properly guarded. There is
said to be harmony of feeling among the
members OF the commerce committees of
both the House of Representatives and the
Senate VINO have been consulted In the
that the liberation of the railways from some
OF the letters now put upon their power
TO make contracts would put an end TO
much dishonesty and favoritism and pro-
rlcte the general interest. 1t has become
vasy plain TO shippers that their interests
and those OF Tire public lie in the direc-
ton of reasonable and uniform rates. rather
than special favors to large shippers
The Esst-Bound Freight Pool.
A freight ctficial who claims to have given
the east-boVsnd tonnage question a good
deal of stusy. says that under fair ad-
justment OF the seaboard business the Mo-
would get about 3 per cent, the Lake
Erie & Western about II, the Cincinnati,
Hamilton a. Dayton 49, the Pennsylvania
lines q and the Big Four A. In the case
of the Big Four the freight official said
that while il has increased its business to
the seaboard via the Chesapeake d Ohio,
its business over the Bee-line division has
fallen off greatly compared with that
of the early eighties, when the pool was
in operation, and most of this business has
gone TO the Lake Erie & Western, which
reaches the seaboard over the same line
which the Big Four does with large pro-
portion OF its tonnage.
Electric Railway Project.
passenger and electric railroad be-
tween Washington and New York city has
been brought before Congress in a bill
for the incorporation OF the National Rapid
Transit Railway Company. Ex-Repre-
sentative HemphiII, of South Carolina, and
Washington capitalists are interested In
the rccd. They claim that the limits of
speed ~ steam locomotion have Deen
reached, while by electricity a speed Of 100
miles hour is practicable. Only one
third of the land necessary for right OF
way for a steam road will be required, and
they think the mails will soon be carried
by electricity.
Personal, Local and General Notes.
The Chicago & Rock Island has declared
] per cent. quarterly dividend, payable
Aug. l.
The earnings of the Wabash road the
third week in June fell S695S0 below those
OF the corresponding week of 1893
c. c. Pierce. general agent of the Mer-
chants Despatch, has gone TO Crystal
Beach, Canada, for two or three weeks
rest.
l.. c. Norris who represents the Union
Pacific in this territory, and s. A Myers,
of the Pittsburg district, were IN the city
yesterday official business.