The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-09
Hoggi.h Chicngo Merchants.

Hoggish Chicago Merchants.
For the last three years the merchants of
Chicago have been bounding the roads to
reduce their rates so that Chicago ner-
chants could meet the competition of other
business centers through the help the rail-
roads would give them in rates, and now
the merchants claim to have won their
case and propose to get up great celebra-
ton. They have appointed a committee to
claimed victory the Chicago Times Herald
says: In many respects this is the most
important fight ever won by the Chicago
basis of rates from the east and the divl-
sions given by Illinois lines it is possible
in many cases TO ship from Cincinnati via
Chicago to points in the middle of the State
at lower rates than from Chicago to the
pon dateT fom en
are from 10 to 80 per cent. lower to illinois
points than corresponding rates from Chi
cago, although the mileage from Chicago
is from 10 to 60 per cent. less. This basis
of rates has taken millions of dollars worth
of trade from Cheag9 there being
cases 1t amounted to more. than the profit
the goods 1t shipped from Chicago. An
this will be changed when the commissions
ers' new rates are put in force. Chicago
will then have rates which will give it the
wi benefit aS o Of it's
dent Elliott purand called a special meet
ing of the. executive committee, and II was
the commissioners report when it was
made public.
c., II. 4 as Annual Report.
The report of the Chicago, Burlington &
Quincy railroad for the year ending Dec.
81. 1894, shows gross earnings, s24,667 1872,
decrease of ss.375. S3S; operating expenses,
SIG, 2S4.065 a decrease of $4.940.43s; net earn
ings, IS, 3S3,o67 decrease of 81, 4S5 400; other
income 81 s3s. s52 increase of s167, 7s0; total
xxof frn a n
$40. Charges, $3.50. 7S6, decrease of $SS.475;
balances, 1921, 1872, decrease of s1.1s4, 1855;
deficit, si.1Os. sss, against a surplus of $l5.-
044 In 1893. The railroads controlled by the
Burlington company and not included in
the report consist of 1866 miles of standard
gauge and 1863 miles of narrow gauge owned,
and 81 miles of narrow gauge leased, which
show sis for the year o an eahrn1ngs
dividends, $42279
dent Perkins says: For three years past.
in reducing expenses, repairs on rolling
stock and buildings have not been fully
kept up. and 1t is estimated that about ST.
100000 ought to be expended to put them
in good shape. This will be done gradually,
when business improves. Cars and en-
kept in order and track and bridges have
been we'll maintained. The net increase
$2.976.500. bringing the total funded debt
up to s125.540,000 On Dec. 81, 1894, the total
Of the stock and bonds outstanding was
The number of employees at the end of
1894 was I,115, decrease of 1880 since the
end of 1892.
The G. & A. Takes Radical Action.
Nothing has occurred of late in freight
circles attracting more attention than the
radical action taken by the Chicago & AL
ton in announcing that on April 10 it would
abolish all prorating with Eastern roads
axe an, 20 lin hetrv
Joliet and st. Louis. The notice. WHICH is
issued by General Freight Agent Court
wright, reads as follows:
ITO All Eastern Lines and Connections:
Taking effect April Is, 1895, this company
will not join or participate in any through
Trunk Line tie, ritory, or any Eastern or
seaboard point to stations on this line in
Illinois south of Joliet, except to East ST.
tthe latter only on basis of East st. Louis
rates and divisions), with Chicago to East
throus oa'1 rates tess and to East Iouisana t on
transmississippi river business. All tariffs
applicable via this. line should at once be
This is an independent move on the part
of the G. & A.. and is the beginning of the
a ena ougn o bg oeson If 6a
Western lines has been more or less agl-
tated for some years, but never has any
road made move in that direction until
the Chicago & Alton took the matter up.
The r.. g., G. a ST. l.. Annual Report.
] Eastern financial papers are speaking
favorably of the Pittsburg. Cincinnati, Chi
cago & st. Louis annual report. They adj
NIT that the showing was an excellent one,
and President Robertss remarks in the
report are favorably commented on. 1.-THE
total earnings were $1A,247, $50, a decrease of
81. J02,952; expenses, Sl0I65,5l9 a decrease OF
s1.26s. ILL., The net earnings were So $50.
The surplus on all of the lines for 1894 is
$685., 491 and the balance to the credit of
the profit and loss account IS s42S, 5s7.
against $3.50 723 in 1898. The profit and loss
account had TO be drawn upon to pay the
dividend of = per cent. ON the preferred
stock. President Roberts says that the
earnings of the road were affected by the
strikes In the hituminous coal regions ana
by the Chicago riots. No more causeess
strife he adds, was ever inaugurated thait
that directed against the railways of the
country, with the view of enforcing, through
the blockade of their traffic and the de-
struction of their property. the settlement
of a dispute between a manufacturing conf
pany and its employees.
Hallway officers Arrested.
T. Robinson. treasurer and E. r. Bates.
general freight agent of the Allegheny Val
ley railroad arrested at Pittsburs,