The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-10


nation was obtained which Will be of great
Importance in securing the road. A corps
OF engineers viii begin the preliminary
work IN a few days, and the road will no
doubt be built the coming year.
Board of Control to Meet.
President Roberts. Of the Pennsylvania
lines. who Is chairman of the Joint Traffic
Association. has issued call for a meet
Ing OF the board of control, on Thursday,
for the purpose of organization. The prin-
cipal business Will be the selection of a
board Of arbitrators and the fixing of their
salaries, as well as the salaries of the three
commissioners, who are to be named by the
board Of managers. Speculation as to the
three arbItrators to be named has mar
rowed down TO Nathan Guilford John y.
Abbott and ex-Judge Ashbel Green or Will
liam G.. Choate. Mr.. Guilford has had long
experience freight manager. He was
formerly freight commissioner OF the
Trunk Line Association, and is at present
general traffic manager OF the New York
Central. Mr.. Abbott is a passenger expert.
He was. for many years, general passenger
agent OF the Erie. Later he became COM
missioner of the Western Passenger AS
ISOLATION This he resigned to accept the
position OF assistant to President Hill,
of the Great Northern, and some time ago
he gave up that place. Recently he was
arbitrator Of the transatlantic steamship
companies. he Is a wealthy and popular
man, whose selection arbitrator would.
doubtless, give satisfaction. Messrs. Green
and Choate are both lawyers. The former
is counsel for the West Shore and the lat
ter took prominent part in framing the
present agreement under which the arbi-
traitors are to be appointed.
In speaking Of the selections OF officials
for the INV Joint Traffic Association, a
III
ayers says: "Of course, there is compare
lively little known at the present time as
TO the gentlemen who will be called upon
10 I'LL the important positions. The board
or managers are already known, and ii is
rather difficult TO tell at this time just
what names will be presented. A number Of
names have been mentioned and considered
individually by the managers, but as yet
no selection has been made. There Is a
very strong probability that Commissioners
Goddard, OF the Trunk Line Association;
Blanchard, of the Central Traffic Associa-
ton, and Midgley. OF the Western Freight
Association Will be selected as the three
commissioners The question of arbitrators
has not been settled by the presidents. and
1t will not be until they come together.
Several names have been considered indi-
them in open meeting before choice can
be decided upon. AS for the reports con-
corning the continuation OF the Central
Traffic and Trunk Line associations, you
may say that they will be continued. There
Is vast deal of local business of a COM
petitive character that requires special SUI
pervision, and the indications are that
Messrs. Bullen and Farmer, in charge of
the freight and passenger departments of
the Trunk Line Association. and Vice
Chairman Donald, of the Central Traffic
Association, will be continued in their pres
ent capacities. There is a likelihood that
the presidents will select outsiders for the
offices of arDitrators, but as there Is moth
ing definite yet regarding any appoint
ment, discussion is necessarily OF a specu-
lative character"
tr-of
ager of the Big Four viii be one of the
board OF managers Is settled, and that ID.
s. Gray, general agent of the Pennsylvania
lines, will represent that interest for the
time being, is settled However. Mr.. Gray
SAYS he does not wish to take the position
permanently, consequently, he has obtained
position temporarily. Mr.. Gray has now
very pleasant position, fine home In CO.
lumous, and IS in clrsumstances when DO
himself the labor the new field opens.
The Santa Fe to BE Sold To-Day.
At 10 o'clock this morning at Topeka,
Kan, will occur the greatest auction the
world has ever known. At that hour ]. b.
Johnson, special master in chancery, will
offer to the highest bidder, for cash I'M hand,
the entire system of the Atchison, Topeka
& Santa Fe railway. Nothing will be re-
served Of its ten thousand miles CT tracks.
its two thousand locomotives. its thousands
upon thousands of cars, it's buildings,
rights and franchises, which, considered
together reach the value of sS50,000, 900.
Special Master Johnson will act as auction
eer. and. as a preliminary to receiving
bids, he will read the order OF sale, judg-
ment of the court and other legal docu-
ments, which Will require something more
than an hour. There Is one feature, or this
auction which will differ materially from
the ordinary. No one Will be allowed to bid
Unless he has first deposited 10000 In cash
w w,od i faith e Judge Henry G. Caldwell viii
go to Topeka for the purpose of confirm
ing this sale. Among those who will be
dent of the Union Trust Company. OF New
York: Wheeler II. Peckham, general coun-
sci for the same COMPANY cl RI ana WI d. l Ros
counsel; President Ripley. of the reor-
ganized Santa Fe company; ID; q. Rob-
inson. first vice president; Paut Morton,
eral solicitor for the Chicago, milwaukee, &
St Paul; 4. ID. Kenna, counsel for the re-
ceiyars: Victor Mora-ftz, counsel FOR the
REORGANIZATION committee. and Receivers
Walker and McCook.
In accordance with the general scheme
for the REORGANIZATION or the Santa F'e. a
bill was filed in the United States Circuit
Court az Chicago last evening by the Bos-
ton Safe Deposit and Trust Company for
the foreclosure OF the first mortgage on the
Chicago end Of the line. The bonds issued
under the mortgage were TO the amount of
Sl5350 0V0 and the mortgage Is on the eigh-
ty-nine miles of road from Chicago to
Streator. The money was used in building
the line and $4,000 was issued for each
mile of road built Default in interest Is al
legged from July / last. OF the total amount
OF bonds. the bill says, $1i.12l.oOo are held
by the Union Trust Company part Sc
curity for the issuance of 500 0O0.C00 OF
bonds of the Santa Fe Company. The bonds
were originally issued by the Chicago. Santa
Fe & California railroad. the predecessor
OF the present company.
VI. G. & L.. II. AssociatiOu.