The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-15
AIDED BY CUT RATES
CHICAGO's EAsT-BOUND SHIPMENTS
sWELLED asst WEEK.
Earnings and Expenses of the VAN
dmlin Railway In bodybuilding u
Road without Capital,

~ ~ =
Road without Capital.
East-bound shipments last week amounted
TO Al, s46 tons, against 32,636 for the previ-
GUS week, and 129. 055 for the corresponding
week of last year. The bulk of the ship
ments was carried during the last days of
the week, when the cut in grain rates Went
into effect. The roads carried tonnage as
follows: Michigan Central, 3,444; Wabash,
1906; Lake Shore, 5000; Fort Wayne, g.
$3.50: Panhandle, 1880; Baltimore & Ohio, S.
500; Grand Trunk. 1887; Nickel-plate, 3,551;
Erie, 4,670: Big Four, $3.50. Shipments were
made up of the following articles in tons:
Flour, 1,04S; grain and millstuffs, 14,125; pro-
visions, lard, ETC., 10,147; dressed beef, 9,425;
butter, LIB: hides, 1907; lumber, 3,5Ol; mis-
cellaneous, 800.
"A Novel Way of Building Railroads..
Elijah Stoddard, president of the Gulf &
Interstate Railway Company, which has
started to build a road from the Gulf to the
Canadian border, has reached Beaumont,
Tex. with the tracks, and is enthusiastic
over the enterprise, it being his ambition
to build the road without spending a dollar,
paying for everything with bonds. He
claims to have built the road thus far in
that manner. The bonds, $40 each, are
taken largely in pay for labor and material,
and will be accepted for passengers fares
and freight charges when the road Is in
operation. Right of way is invariably do
mated. Such towns as encourage the road
to build by cash donations of $4,000 each
are given in return that amount of bonds
which they. can realize upon when the road
is In operation. President Stoddard does not
associate with Gould, Clark, Hughitt or
other heads OF the monopoly bound and pass
giving roads and is rarely seen about the
courts: He expects that by bonding the
road for $4,000 a mile the company will
get enough from bonuses to build and equip
the road so that the stockholders and capt.
tai stock will be q superfiuity. The plan of
organization of the road contains a pro-
vision for its sale to the state when COM
pleted and In operation. The road is a Kan
sas enterprise and is known as the Populist
lire. When 1t was first projected it was
ridiculed on all sides, but the recent de-
velopments would tend to show that there
Is a good prospect of Its construction. Sew
enty miles of the line have been graded
and everything is in readiness for the lay
ing OF rails. The projectors of the enter
prise claim TO have all the money necessary
TO so ahead with the work.
yandalia Earnings for 1894.
The following shows the financial results
from operating the several roads in the
Vandalia system for the year ending Oct.
81. 1884, as submitted at the annual meeting
by William r.. McKeen, president of the
Terre Haute a. indianapolis road. operat-
the other lines in the vandalia system:
Terre Haute & MISUNDERSTANDING,
hsl1J,JtJ.i "a, n QetTtdSe OI Slt, 45V. 10. I'm
penses, $50, 1864, a decrease of sis1, BIOS
Net earnings, 49,, 1910, an Increase of 49,
ST. Louis, yandalia & Terre Haute-
Earnings, $l,649, 11S. 40. a decrease of $685.
i27s5s. Expenses, $l,274. 647.6 so. a decrease Of
tl3,ll9.S7. Net earnings, S74, 443.Ss. a de-
.Terre Haute 4 DEMONSTRATING,
es4a, SIG. Y, "a decrease of ISL, 1854. Expenses,
E57g,5 a3. Is, a decrease of S72, 1882. Net earn
ings. 1896; 30. SO. a decrease of $9,O19.92.
Terre Hsute & PeorianEarnings, s4o4,-
E39s, o7o. 4s. a decrease Of sS37.S1. Net earn
ltgs. $11 ,S4t.21, a decrease of $40, S44. 20.
,ol ln 8 q AXE hsi,clhnsagan-Earnings. So
Ms.42. Loss. So. POI. so.
Commission Question Settled.
The Western lines have finally reached
an agreement on the emigrant commission
question and that very troublesome OBJ
staclc has been removed from the work of
forming the association to cover Western
and transcontinenta passenger business.
The agreement, which goes into effect Jan.
20. provides that all roads shah pay a COM
Canadian Pacific has signed the agreement
and every road is IN 1T with the exception
ever, That any action taken by the Grand
Trunk can upset the agreement. The gem
eral meeting OF Western lines adjourned at
Chicago yesterday, after a short session.
and the Atchison-Southe Pacific commit
tee TOOK up the remainder of the day argu-
the day the reported progress
but would not specify as TO what the
progress comprised.
Personal, Local and General Notes.
Capt q. Hettler, purchasing agent of the
PENNSYLVANIA lines west of Pittsburg, Is
quite III.
John g. Williams, vice president and gen
eral manager of the Nandalia lines, re-
turned from Philadelphia yesterday.
The Chicago. Burlington & Quincy or
Sunday established a new line of sleepins
coaches to run between St. Louis anI
Billings, Mont.
The general managers of the roads com
posing the Union Railway Company vii
hold their regular monthly meeting to-day
at the Union Station.
C. r. Glass. formerly travelling audito'
of the Toledo, St. Louis Il Kansas City