The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-29
RATES TO BE REDUCED
ACTION OF OFFICERS OF CENTRAL
TRAFFIC ASSOCIATION LINES.
Twenty Cents Per 100 Pounds to
BE the Basis of Rates ON Grain and
Grain Products ON Feb. 4.

The central executive committee, which
consists of the presidents and some of the
vice presidents of roads in the Central Traf-
fic Association. met at Cleveland, yesterday,
with the general freight agents of the
Central Traffic lines. There were about
twenty-five in attendance Nothing was
done until late in the afternoon. owing to
the nonattendance of the Wabash repre-
sentatives, before noon. 1t was decided
that, effective Monday, Feb. 4, rates on
grain and grain products shall be reduced
to the basis of 20 cents per hundred pounds,
Chicago to New York. and that the author
lied rates on classes other than grain com
modities be strictly maintained" Meetings
of general freight agents were arranged for
Chicago Peoria and st. Louis to carry these
instructions into effect The grain rate
has been 70 cents since the first of the year,
but the claim was made and substantiated
that none of the roads was charging more
than 20 cents. hence the reduction.
Think Well of c., II. 4 ID. People.
The announcement that the Cincinnati,
Hamilton & Dayton might lose its hold on
the Alabama Great Southern, and through
that its control of the Queen d Crescent,
was in the nature of a surprise. as it had
been understood that the matter had been
definitely settled, and that in due time
the Cincinnati, Hamilton & Dayton peo-
pie would show their hand in the deal.
A London financial paper says: "A very
interesting meeting of the Alabama Great
Southern Railway Company was held Jan.
Is. Mr.. III. Doughty Brown the chairman,
said he took great pleasure in moving an
adoption of the Years report and accounts,
for though all classes of business in the
United states have been passing through
very critical period, and in spite of the
fact that there was a large decrease of
$4,000 in the gross revenue. yet by strin-
gent economy they had reduced the OPP
Grating expenses f75,0oO, leaving a net in
crease of FL, 900 over last year. The mo.
ton was duly seconded but Immediately
opposed by gentlemen who demanded a
Poll ana rendered the PROXY of the Central
per cent. of the shares of the company
were deposited with the Central Trust Com
pany,, and bonds to the value of $780, 600
issued against them of which the Cincin-
natl, Hamilton a. Dayton people own 60
per cent and Drexel-Morgan 32la per cent
men. Last August the Cincinnati. Hamil-
ton & Dayton interest, backed by the Cen
trail Trust Companys proxy, was given six
places the board. Meantime the Drexei-
Morgan people got possession of the proxy
four directors to represent them. thus leav-
Ing only one place for the English, who
hold 40 per cent. OF the stock.
This mode of procedure seemed very UNI
! fair to the English holders, and, acting
on the advice of their attorney. they threw
out the proxy on technical grounds, and re-
elected Messrs. Abraham. Medley, Pavy and
Baron D'Erlanger.
I'm conversation with the directors and
many OF the shareholders / learned that
they had no objection to exel-Morgan be-
ing properly represented, but they thought
the Cincinnati. Hamilton & Dayton in
America. The shareholders did not like to
have the trust company's proxy used as a
club to deprive them of all representation
The directors are straightforward lot of
gentlemen, and ii seemed q pity to try AMI
shove them out In such an unceremonious
way.
Metal Ties.
A protest against the denudation of for
ests In order to secure material for railroad
ties is made in a report issued by the Ag-
ricultural Department on the use of metal
railroad ties and preservative processes
and metal tie plates for wooden ties 1t
shows that about 20 per cent. of the railroad
mileage of the world outside of the United
States and Canada is laid on metal Al
! though progress in this direction in our
country has been SLOW the report says by
the waning OF forest supplies and as the
railroad companies begin more and more to
assume a permanent and less of a specuat tive
character. IL can be question of only a
short time when this saving of forest sup
plies will be forced them, insuring
Throughout the world it is shown metal
ties have been successfully applied and are
III sSuCc6SSlul use Huuer an COnultl0nS sOf
climate, traffic and track. The use of metal
tie plates has spread to an enormous extent
during the past two years. owing to inn
provements effected in economy and eff
ftciency OF track for a very low first cost
Even in many parts of Africa steel ties are
extensively used and in India nearly so per
cent. of the mileage is laid with metal
track. In the United States little practi-
cable progress In metal ties is reported.
The proportion of track laid with metal ties
to the total length of railway throughout
the world has increased from per cent. in
1890 TO 10 per cent. in 1894.
That Fast Run.
j. Q. Van Wrinkle claims that the Big
Four train carrying a theatrical troupe