The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-21
NOT SMOOTH SAILING
WESTERN DAT FIND DIFFICULTY
IN REACHING An AGREEMENT.
Decision Against DIvorcemcnt Of
Union Pacific Lines-.A Wheel In
the Middle of a Wheel

CHAIRMAN CALDWELL, OF the Western Pas
senger trunk line committee, will issue no
call for a meeting Of his lines in the i'm
mediate future. The committee lines have
settled down to a waiting game and there
is no telling when any further action VIII
be taken looking to the active organiza-
ton of the committee. So many lines have
grievances which they declare must be adj
justed before they will become members of
the committeeman SO many other lines
with no grievances are making their men,
bership contingent on that those who have
troubles to adjust that it seems practically
impossible that the committee will ever
be able to control the extent of the terri
tory which it aims to have under its juris-
diction. The one favorable sign, however,
Is that all of the roads are carefully main
tanning rates and Western roads are work
ing hard to bring about the organization Of
the committee. In the face of the light
traffic which the roads are now handling
the fidelity with which the rate sheets are
observed is one thing that causes the COM
mittee lines to believe that somehow they
will get there after some months have
gone by.
The convention passed resolutions on the
senser agent Of the chieago. Milwaukee, &
st. Paul. 1t was announces that the COM
mittee appointed to consider ,.paster con.
tracts would report at the full meeting or
the agents to be held in Boston. The con-
yention then adjourned.
Why the Railroads Suffer.
The number of railroads in this country
which have ceased paying dividends or have
reduced them sharply in the last two years
shows that railways feel a business de-
preston as much as do other interests.
This year it has become more apparent
in the large systems, the New York Gen.
trail, the New York, New Haven & Hart
ford, the Baltimore & Ohio, the Boston &
ct.S 49, l.---- o CO ID.,,I
and the Chicago, Burlington & Quincy,
of the strongest systems, having cut
down their dividends, while numerous other
roads have entirefT passed them. Chauncey
trail, In SPEAKING Of this. together with
the condition of railroad business over the
country in general. and the New York Cen
trai railroad in particular, said recently:
II have been connected with the New York
Central railroad for thirty years, and /
have not In all that time seen the equal
of the last three months in the way of
business depression. 1t appears to me, how
ever, that the lowest ebb has been reached,
and are on ont the aJ right aS roaa t ao b suln,ng p ppnat
perity. The New York Central railroad
has declared it's quarterly dividend On stock
was a surprise TO many to whom the sta
bility. of the general dividends of the road
vas known. The only, explanation of this
dividend is that the decrease in earnings
did not warrant the usual dividend. A rail-
road is like any other business. When
- VA 10 6OOdt tIdif1C ntdfy anu 1DuuSITF
noted on every side. the railroad gets its
quota OF business. When business is dead
the railroad suffers with the merchant and
manufacturer"
Against Separate Receivers.
In the United States Circuit Court at
Ore, Judge Gilbert yesterday
rendered a decision in the Oregon Short
Line and Utah Northern separate receiver
ship case. He sustained the demurrer, and
decided that Ynrpccadfroc eI,o,,1J L. L.o.-LA
In the District Court of Wyoming.
AT the headquarters of the Union Pacific
In Omaha the decision was received with.
much favor. An official said: .eThis APP
plication for separate receivers by the
mortgage Judgment holders should
nave peen presented to the court of pri-
Eighth circuit. of the district of wyoming.
Inat being the court in which the re-
ceivers We're first appointed for the prop
under foreclosure bills. Nobody can
~foretell the future conduct of the case.
me trust company has the right to re-
the Wyoming district before Judge San
born, If 1t sees fit, but the fact that the
receivers have not been attacked and the
original appointment is in a sense Endorsed.
IS taken to mean a good square winning
In the first round of the contest 10 pre-
the Union Pacific system from further
Everybody about the Union Pacific head
is happy. They have felt that
glad 20 see it so vindicated. The Oregon
Short-line and Utah Northern is the Iarg-
est part of the Union Pacific in the West.
Butte, Mont, and from Granger, Wyo. to
Huntington. Ore.
General Passenger Agents.
The American Association of General Pas
senser Agents continued its session at New
York yesterday. The session was an omen
one and was graced by the presence of
many women, most of whom were the wives
and daughters of the agents. The feature
the meeting was the annual address de-
by George Fl. Daniels, of the New
York Central. Mr.. Daniels spoke on "a
Wheel in the Middle Of a Wheel" 1t was
vision OF Ezekiel to the transportation BUSH
ness OF to-day. He said. s'The snirif az
commerce is in the wheels Of transportation
that on land and sea are forever turning.
among all nations of the earth
the products Of our soil and the fruits OF
our industry and invention Turning r.
he said in the United States there
We're in round figures III, 400 miles of rail-
road, nearly one-half of the entire mileage
the railroads of the United States for the
year ending June 30, 1884, amounted to
S424, 500 .0o0. A reduction of thirty-two thou
made a loss of s.. 49, 600 in the passenger
revenue of these railroads last year.
Baltimore & Ohio Earnings.
The regular monthly meeting of the board
OF directors of the Baltimore & Ohio rail-
road took place in Baltimore yesterday. The
statement of the earnings of the
roads comprising the company's system. for
the month of February. 1896. anu for the
months to Feb. 2s. with comparisons,
was submitted:
Earnings and expenses for February, 1895.
compared with February 1894 February, 1895,
appropriated; February, 1894, audited-
for 1894. 81. 94.9o7.0 1895, 81 49,
$50. 9S; increase of SO. 6S2. 9S. Expenses for
1874 81 lS0.72S.2s 1895, s1,1s0, 1872; increase,
069. AZ
Earnings and expenses for the eight
of the fiscal year. 1se4-95. compared
with the same months of the fiscal year.
1854. February, 1895. OBSERVATION-DISCLOSURES
ings for 1894. $i5, 759, 527. %; 1891, SD. 21l. 2f.43.
$5i7, sos so. Expenses for 1S9N $40
$50, 42f.23; 1895. &c. 45, 143.19 decrease. $i15,-
2S1If.
Egan and Debs w
The simultaneous appearance in Seattle,
Wash, of f. ". Debs, of the A. r.. L.. and
NJ. Egan, ex-president OF the General
Managers Association, which conducted the
great railroad strike, has resulted in
trouble. In an interview last Monday Egan
spoke severely of Debss charging him With
responsibility for the idleness of hundreds
of men who have been in the railroad BUSH
ness many years and were competent in
many ways. He animadverted severely on
Debs's. union and its strike methods. After
reading this interview Debs addressed a
p1eatfp0 af mhich 1a Goorad E-oop IN :,