The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-02
RAILWAY STATEMENTS
WHAT is HOWN BY JULY REPORTS
OF THE PRINCIPAL LINES.
The ST. Paul, the Big Four and the
wabash Suffered Heavily in Net
Earnings-Few Roads Made Gains.

NEW YORK, Sept. Enough July rail-
way statements are now at hand to obtain
a just idea of the Chicago strike infu-
ences on net earnings. There is a remark
able diversity in the results. The St. Paul,
the Big Four and the Wabash have suf-
fered heavily. Each of these three COM
panies shows for July by far the largest
net decrease of the year. In each the per-
centage of operating expenses to gross
earnings breaks this years record, the per-
centage for the two roads, first mentioned
running to 10 per cent. above the average.
On the other hand, the net decrease on
the Burlington and the Pennsylvania is
the smallest since the exceptional economies
of March, and their operating expenses are
well below this years average. Still
the Chesapeake & Ohio and the
Erie make actual net gains over 1893.
less due to the irregular distribution of
worlds fair traffic and expenses in July
last year. Yet the figures show that, the
from one another when compared with
these of 1892. Allowing for all the differ
ence in capacity for working economies,
the fact is plain that the st. Paul, the Wa
bash and the Big Four suffered out of all
proportion to their fellow-corporations from
the railway insurrection. Ii would be OF
with the Rock Island. But this company
follows the worst practice imaginable in
it's reports of net earnings, and absolutely
no trustworthy information is obtainaDie.
st. Louis Union Station.
ST. LOUIS Sept fully fifty thousand
people attended the dedication this evening
of the St. Louis Terminal Railway Assoc
cations palatial new Union Station, which
is without doubt the finest and largest in
the country, if not in the world. The sta
ton. with it's immense steel train shed
and power house, represents an outlay or
over two million dollars, and with the cost
of the ground on which the building stands
the total value of the property is over
Sc. 100000 Among those present at the exer>
cises were prominent officials representing
some of the principal railroads of the coun-
try and everybody of note in the social
and business circles of this city and yleln-
ity. The affair was entirely informal, be-
ing largely in the nature or a promenade
concert, with a little speech-making and a
good deal of sightseeing. Among the
0Meara, Mayor walbridge, President VIII
liam Taussig. of the Terminal Association;
Manager Williams. of the Vandalia; ex,
Governor Francis and Gen. John Noble, ex7
Secretary of the Interior.
stone in the style of the Italian renaissance,
and fronts $50 feet on Market street. When
the hotel now in the course of construction
is completed the building will have a 'front.'
age of 66 feet, covering the entire space
between Eighteenth and Twentieth streets.
The depth of the building, Including the
train shed, is $50 feet. This shed is COS feet
wide and $50 feet long. and, with the other
building, covers eleven and one-half acres
of ground. Thirty parallel tracks, agsre-
eating nearly four miles in length, are m
der the immense roof. More than twenty
acres of ground are occupied by the sta
ton and it's appurtenances. All the railroads
entering St. Louis, twenty-five in number,
are here afforded ample facilities to handle
their entire passenger service.
|
Pacific LOSS Exaggerated.
NEW ORLEANS, Sept. 1.-The Southern
Pacific officials here had fu,l advices from
the seat Of the storm in Texas up to II
o'clock to-day, and said that the reports of
damage to the track and of the amount of
loss TO the Southern Pacific had been
greatly exaggerated. Dispatches received
from the general manager, who is in Tex
as, show that the principal damage suf-
fered by the road near Uvalde, Tex, was
the washing away of the iron spans of
bridges over Leona and Seco rivers. This
was caused by cloudbursts in the mountains
near the head of these streams, which
against the bridges. Although they are a
most substantial construction of heaviest
ironwork. with solid stone below, the
bridges were damaged to such an extent
as to prevent the passage of trains until
repairs can be made. Wires were repaired
to-day and a temporary telegraph office
opened at Seco bridge enabled the officials
of trouble. Officials say the report that
forty miles of track was washed away,
and that a million and a quarter loss is
involved, is ridiculous.