The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-10-07

9tFlke< ~ SnGE.
Mention was made a day or two ago that
It was understood that the Old Dominion
steamship-line Company had consented to
become a member of the presidents new
association n announcement Is now said
to be premature An Eastern paper says:
IAN interesting condition Of local traffic af-
fairs has grown out of the Trunk-line AS
sociation's desire to get the Old Dominion
Steamship Company to join that organiza-
tion, and the prospects are that the latter
company will take a long time to make
up its mind to accept the liberal induce
.fents that have been rendered to ii. The
statement was made to-day. on the highest
authority, that the Old Dominion Company
had virtually decided to decline the 5000
annual subsidy offered by the Trunk-line,
Association for the control of its emigrant
business. and the ~declination is said to have
Merchants and Miners steamship line. of
Boston, In arranging to run a line out Of
this city According. to a well-informed offi-
ciai. the Merchants and Miners line has
completed plans to compete for the mi
grant business out of this city, via Nor
folk. and z contract has been made with
one OF the First ward agents for the trans
fer of all his emigrant business to that COM
pany- This agent has been empowered to
represent the company in this city. and
complications will result There has been a
standing invitation to membership on the
part OF the Trunk-line Association TO the
but as the interests Of the company have
been so diversified 1t has deemed 1t prudent
TO keep out. The Seaboard AIRLINE. South
line are interested in the line, and its emf
grant business has always been large"
Railroad Earnings.
The Toledo. St. Louis & Kansas City
earned in September, gross, SIS. 81, an
1900 - - -~~---A-- ---L -
1894 OF o0,359-s7 The Wabash earned in
September $,175,SS. an increase this year
OF 500. o47- The Lake Erie & Western
earned in September s2s0,s1f, a decrease this
year of s24.1o2- The Chesapeake & Ohio
earned in September ss24,7ss, an increase
this year of SIS D.
C. p. Glars. p.vsident of the New York.
New Haven & Hartford has made public
the annual statement for the year ending
June 80. 1895. which shows that the total
earnings we're $27. S0l 75. ~. divided as fol-
;s e; d Passenger; s,s sls - ;sss g ;o's 1E freight: ST.
operating expenses of 4 .o5f,027.7 leaves
net earnings 1881. 70s.. To the net earnings
IS added the sum of $2s4. s25, accruing from
dividends on stock and interest ON bonds
owned. stocks leased and miscellaneous in
come. n fixed charges were x.593. $40,
t lax tb ana eb defti Items .. is These nn were con Taxss
81. fs4. sos: rentals Of leased lines. 1892. 40S.
II Is shown that the company earned over
and above s per cent. during the year. To
the operating expenses are charged $3.50. 979.
representing new equipmAt and improve
nents. anu II is expected that the recent
Increase OF stock will not affect the con-
" dividend The freight Increase for the
year was from 81. fS4. 407 to III. 70l COS miles.
while the passenger increase rose from
IL. 25c.o69 to IA. COS. Us miles. which is an in
crease in the freight per ton from H.15 TO
$Lz}. The gross revenue increase is 3 per
cent. or $2,32f.S1 for the year.
New Railroad Enterprise.
saturday night the stockholders of the
Terre Haut & Mississippi railroad held
their first meeting for the election of di-
rectors- The requirement for SIS. 900 SUBJ
scribed stock had been fulfilled. Mr.. Hull
man. the wholesale grocer of Terre Haute.
presided. The directors are as follows: n.
Human. w. p. Iams. ID. w. Minshall. r.
Geddes. Willard Kidder. w r. McKeen
and H c. Pugh- The company is organ
lied 10 build a road from Terre Haute 70
the Wabash river at a point about twenty
I'VE miles southwest of Terre Haute, where
II - 10 connect With a road the Illinois
the southwest, with the ltimate intention
OF reaching the Mississippi river. Much has
been done In the way OF securing right of
way. ana the project, which has been dis
cussed at various times in the past decade.
Is now thought TO be in better prospect
than ever before. It is expected to ask
the people of Terro Haute TO vote a sub
sidy OF perhaps 100000.
u-.0. No..