The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-17
AFTER TEDIOUS WORK
THE TRANsCONTINENTAL AGREE
MENT FINISHED AND SIGNED.
Rates for ROund-TrIp Tourist and
One-Way icket to California
Points&Division of Receipts.

The agreement between the transcontinen-
tai lines has been signed by all parties in
terested and will go into effect as soon as
the rate clerks have finished their work.
The agreement provides that the Califor-
mia destination to which round trip tourist
tickets may be sold are San Francisco.
Los Angeles and San Diego only. San
Francisco may be the destination at the
rate of 800 from the Missouri river for
tickets reading one way via Ogden, or via
Barstow and Mojave, or via Barstow and
Los Angeles. or via Deming, or via Ell
Paso. and for the return via any of the
above gateways. Los Angeles may be the
destination at 500 from the Missouri river
for tickets reading one way via Ogden and
San Francisco, or via Barstow, or via
Deming, or via FL Paso, and for the re-
turn via any of the above gateways ex-
cept a combination of Ogden with Ell Paso
or DemIng. San Diego may be the des-
tination at $50 for tickets reading both ways
via Ogden and San Francisco. or for tick
cts reading one way via Barstow. or DEM
ing, or Ell Paso. and for the return by any
of the above gateways. -
The revenue on this traffic viii be di-
vided one-half way from the Eaesssnztion
of the ticket, except that the rates via
the Shasta route, or by steamer, shall be
so divided as to recognize the Southern Pa
cific arbitrary rate for its Shasta line, and
between San Francisco and Los Angeles.
or Los Angeles which read one way via
ogden and the other way via Earstow will
divide divide s Tn the following ing Ee1ossda snm Be,
points, IL per cent; Colorado common points
and Ogden, 4 per cent; Ogden and Los
Los Angeles and Missouri river. Via. Bar
stow. 40 per cent. In this division of rates
an arbitrary Dr0DOrtiOn of x3Vl each NAV
between Los Angeles and San Diego pm all
business interchanged with the Southern
oas-way rates between MISSOURI river
tpSirty-dsy tickets. with tilio stop osts.-ci So:
frst-class continuous passage. $50; second
stly stated that nothing in this agreement
shall In any way modify the rights of the
southern Pacific or the Atlantic & Pacific
change of traffic Via Mojave.
May Become Fart of the E.. & t.. II.
The efforts to adjust the financial affairs
of the Evansville 6 Richmond road in it's
relations to the Evansville & Terre Haute
are likely to end in its becoming a part
of the Evansville e. Terre Haute. The
proposition which was on Monday SUBJ
mitted to the stockholders of the Evans
vile & Richmond reads as follows:
1T Is proposed that bondnolders surrender
their bonds with coupons which matured
March /. 1894. and all SUBSEQUENT coupons at
tached, accepting in lieu thereof noncumula-
tive and nonvoting 3 per cent. preferred stock
of the Evansville & Terre Haute railroad
at the rate Of So per cent. for priAc.pal
and par for interest accrued and unpaid to
Jan. i. 1895: For each s1.G0o principal of
Evansville & Richmond bonds holders will
receive $3.50 in preferred stock and So. ID
per bond for accrued interest, making a
total of SSl6.1e in preferred stock, such pre-
ferred stock to be entitled to dividends at
the rate of 8 Per cent. out of the net earn
ings of the Evansville & Terre Haute Conn
pany for any year before the payment OF
issue of preferred stock should be limited
to the amount required to take up the
outstanding Evansville & Richmond bonds,
amounting at par 81, 400. 900. except with the
consent OF a majority of the issue now
proposed. Outstanding Evansville & Rich
inond bonds to be surrendered and Cancelled
and no liability to De assumed on any other
bonds or stock OF the Evansville & Rich
mond railroad, which would be a charge
on the Evansville Il Terre Haute Company,
prior TO the preferred stock.
The understanding, the Journal is in
formed. is that should this proposition be
ratified by the stockholders of the Evans
Vile & Richmond, which it probably will
be. and also by the stockholders of the
Evansville & Terre Haute, the receivership
OF the former will be closed and the prop
erty come under full control of the latter
road. Under the agreement the Evansville
g. Terre Haute company is to pay all the
expenses connected with the suit Drought
by the Evansville & Richmond bondhold-
ers on account OF the Evansville & Terre
Haute defauiting In paying interest on the
first mortgage bonds of the Evansville &
Richmond bonds which were issued un-
der the ID. J. Mackey administration Those
we'll informed regarding the affairs of the
Evansville a. Terre Haute say there may
be "a hitch in the deal, as. under its char
ter, the Evansville & Terre Haute has no
legal authority to- issue preferred stock or
purchase additional railroads, a fact which
considerably hampered ID. j. Mackey when
he wanted to purchase the Indianapolis De-
catur & Western and consolidate 1t with
the Peoria, Decatur Il Western, With the